Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | May 04, 2018 | |
Document Information [Line Items] | ||
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 | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 5,414,099 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
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, 2018 | Dec. 31, 2017 |
Cash and Due From Banks: | ||
Interest Bearing | $ 1,937 | $ 11,685 |
Non-Interest Bearing | 11,545 | 8,937 |
Total Cash and Due From Banks | 13,482 | 20,622 |
Available-for-Sale | 121,478 | 123,583 |
Loans, Net | 772,195 | 735,596 |
Premises and Equipment, Net | 18,358 | 16,712 |
Bank-Owned Life Insurance | 18,309 | 19,151 |
Goodwill | 4,953 | 4,953 |
Core Deposit Intangible, Net | 3,150 | 3,284 |
Accrued Interest and Other Assets | 13,913 | 10,585 |
TOTAL ASSETS | 965,838 | 934,486 |
LIABILITIES | ||
Demand Deposits | 195,383 | 188,499 |
NOW Accounts | 121,365 | 145,183 |
Money Market Accounts | 136,211 | 136,914 |
Savings Accounts | 134,658 | 132,359 |
Time Deposits | 163,705 | 164,301 |
Brokered Deposits | 3,409 | 6,088 |
Total Deposits | 754,731 | 773,344 |
Short-Term Borrowings | 95,265 | 39,605 |
Other Borrowed Funds | 21,000 | 24,500 |
Accrued Interest and Other Liabilities | 2,424 | 3,781 |
TOTAL LIABILITIES | 873,420 | 841,230 |
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 4,096,452 and 4,095,957 Shares Outstanding at March 31, 2018 and December 31, 2017, Respectively | 1,818 | 1,818 |
Capital Surplus | 42,211 | 42,089 |
Retained Earnings | 55,779 | 55,280 |
Treasury Stock, at Cost (266,894 and 267,389 Shares at March 31, 2018 and December 31, 2017, Respectively) | (4,588) | (4,590) |
Accumulated Other Comprehensive Loss | (2,802) | (1,341) |
TOTAL STOCKHOLDERS' EQUITY | 92,418 | 93,256 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 965,838 | $ 934,486 |
Consolidated Statement of Fina3
Consolidated Statement of Financial Condition (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2018 | Dec. 31, 2017 |
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) | 4,096,452 | 4,095,957 |
Treasury stock, at cost (in shares) | 266,894 | 267,389 |
Consolidated Statement of Incom
Consolidated Statement of Income (Unaudited) - USD ($) | 3 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | |||
INTEREST AND DIVIDEND INCOME | ||||
Loans, Including Fees | $ 7,971,000 | $ 7,142,000 | ||
Federal Funds Sold | 6,000 | 15,000 | ||
Taxable | 434,000 | 361,000 | ||
Exempt From Federal Income Tax | 236,000 | 217,000 | ||
Other Interest and Dividend Income | 60,000 | 56,000 | ||
TOTAL INTEREST AND DIVIDEND INCOME | 8,707,000 | 7,791,000 | ||
INTEREST EXPENSE | ||||
Deposits | 788,000 | 655,000 | ||
Federal Funds Purchased | 1,000 | |||
Short-Term Borrowings | 197,000 | 19,000 | ||
Other Borrowed Funds | 113,000 | 122,000 | ||
TOTAL INTEREST EXPENSE | 1,099,000 | 796,000 | ||
NET INTEREST INCOME | 7,608,000 | 6,995,000 | ||
Provision For Loan Losses | 1,500,000 | 420,000 | ||
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 6,108,000 | 6,575,000 | ||
NONINTEREST INCOME | ||||
Net Gains on Sales of Loans | 8,000 | [1] | 90,000 | |
Net gains on sales of investments | [1] | 52,000 | ||
Fair Value of Equity Securities | (25,000) | [1] | ||
Net Gains on Purchased Tax Credits | 11,000 | [1] | 14,000 | |
Income from Bank-Owned Life Insurance | 108,000 | [1] | 116,000 | |
Other | 29,000 | [1] | 30,000 | |
TOTAL NONINTEREST INCOME | 2,086,000 | 2,076,000 | ||
NONINTEREST EXPENSE | ||||
Salaries and Employee Benefits | 3,695,000 | 3,489,000 | ||
Occupancy | 570,000 | 548,000 | ||
Equipment | 498,000 | 439,000 | ||
FDIC Assessment | 136,000 | 81,000 | ||
PA Shares Tax | 199,000 | 190,000 | ||
Contracted Services | 139,000 | 132,000 | ||
Legal and Professional Fees | 140,000 | 141,000 | ||
Advertising | 131,000 | 125,000 | ||
Bankcard Processing Expense | 129,000 | 123,000 | ||
Other Real Estate Owned Expense | 7,000 | 5,000 | ||
Amortization of Core Deposit Intangible | 134,000 | 134,000 | ||
Merger-Related | 24,000 | |||
Other | 865,000 | 810,000 | ||
TOTAL NONINTEREST EXPENSE | 6,667,000 | 6,217,000 | ||
Income Before Income Taxes | 1,527,000 | 2,434,000 | ||
Income Taxes (1) | [2] | 167,000 | 730,000 | |
NET INCOME | $ 1,360,000 | $ 1,704,000 | ||
Earnings per share: | ||||
Basic (in dollars per share) | $ 0.33 | $ 0.42 | ||
Diluted (in dollars per share) | $ 0.33 | $ 0.42 | ||
WEIGHTED AVERAGE SHARES OUTSTANDING | ||||
Basic (in shares) | 4,096,292 | 4,087,289 | ||
Diluted (in shares) | 4,134,223 | 4,098,276 | ||
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 591,000 | $ 584,000 | ||
Insurance Commissions [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 931,000 | 1,086,000 | ||
Financial Service, Other [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 433,000 | $ 104,000 | ||
[1] | Not within the scope of ASC 606. | |||
[2] | See Note 1 – Income Taxes for further details on the reduction of the effective tax rate. |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | ||
Net Income | $ 1,360 | $ 1,704 | |
Other Comprehensive (Loss) Income: | |||
Unrealized (Losses) Gains on Available-for-Sale Securities Net of Income (Benefit) Tax of ($387) and $113 for the Three Months Ended March 31, 2018 and 2017, Respectively | (1,421) | 218 | |
Reclassification Adjustment for Gains on Securities Included in Net Income, Net of Income Tax of $18 for the Three Months Ended March 31, 2017 (1) | [1] | (34) | |
Other Comprehensive (Loss) Income, Net of Income (Benefit) Tax | (1,421) | 184 | |
Total Comprehensive (Loss) Income | $ (61) | $ 1,888 | |
[1] | The gross amount of gains on securities of $52 for the Three Months Ended March 31, 2017, are reported as Net Gains on Sales of Investments on the Consolidated Statement of Income. The income tax effect is included in Income Taxes on the Consolidated Statement of Income. |
Consolidated Statement of Comp6
Consolidated Statement of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | ||
Unrealized (losses) gains on available-for-sale securities, tax | $ (387) | $ 113 | |
Reclassification adjustment for gains on securities, tax | 18 | ||
Net gains on sales of investments | [1] | $ 52 | |
[1] | Not within the scope of ASC 606. |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance (in shares) at Dec. 31, 2016 | 4,363,346 | ||||||
Balance at Dec. 31, 2016 | $ 1,818 | $ 41,863 | $ 51,713 | $ (4,746) | $ (1,179) | $ 89,469 | |
Net Income | 1,704 | 1,704 | |||||
Other Comprehensive Income (Loss) | 184 | 184 | |||||
Stock-Based Compensation Expense | 85 | 85 | |||||
Exercise of Stock Options | 7 | 24 | 31 | ||||
Dividends Paid ($0.22 Per Share) | (899) | (899) | |||||
Balance (in shares) at Mar. 31, 2017 | 4,363,346 | ||||||
Balance at Mar. 31, 2017 | $ 1,818 | 41,955 | 52,518 | (4,722) | (995) | 90,574 | |
Balance (in shares) at Dec. 31, 2017 | 4,363,346 | ||||||
Balance at Dec. 31, 2017 | $ 1,818 | 42,089 | 55,280 | (4,590) | (1,341) | 93,256 | |
Net Income | 1,360 | 1,360 | |||||
Other Comprehensive Income (Loss) | (1,421) | (1,421) | |||||
Stock-Based Compensation Expense | 119 | 119 | |||||
Exercise of Stock Options | 3 | 29 | 32 | ||||
Dividends Paid ($0.22 Per Share) | (901) | (901) | |||||
Treasury stock purchased, at cost (895 shares) | (27) | (27) | |||||
Balance (in shares) at Mar. 31, 2018 | 4,363,346 | ||||||
Balance at Mar. 31, 2018 | $ 1,818 | 42,211 | 55,779 | (4,588) | (2,802) | 92,418 | |
Equity Securities MTM Adjustment (1) | [1] | $ 40 | $ (40) | ||||
[1] | Reclassification due to the adoption of ASU 2016-01. See Note 1 for additional information. |
Consolidated Statement of Chan8
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Retained Earnings [Member] | ||
Dividends paid, per share (in dollars per share) | $ 0.22 | $ 0.22 |
Treasury Stock [Member] | ||
Purchase of common stock, shares (in shares) | 895 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | ||
OPERATING ACTIVITIES | |||
Net Income | $ 1,360 | $ 1,704 | |
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: | |||
Net Amortization on Investments | 104 | 84 | |
Depreciation and Amortization | 464 | 673 | |
Provision for Loan and Lease Losses, Total | 1,500 | 420 | |
Unrealized Loss on Equity Securities | 25 | ||
Gains on Purchased Tax Credits | 11 | 14 | |
Income from Bank-Owned Life Insurance | (108) | [1] | (116) |
Proceeds From Mortgage Loans Sold | 534 | 3,937 | |
Originations of Mortgage Loans for Sale | (526) | (3,847) | |
Gains on Sales of Loans | (8) | [1] | (90) |
Gains on Sales of Investment Securities | (52) | ||
Gains on Sales of Other Real Estate Owned and Repossessed Assets | (12) | ||
Noncash Expense for Stock-Based Compensation | 119 | 85 | |
(Increase) Decrease in Accrued Interest Receivable | (145) | 77 | |
Decrease in Taxes Payable | (15) | (2,485) | |
Increase in Accrued Interest Payable | 19 | 40 | |
Net Payment of Federal/State Income Taxes | (30) | (30) | |
Other, Net | (2,144) | 3,419 | |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 1,148 | 3,833 | |
INVESTING ACTIVITIES | |||
Proceeds From Principal Repayments and Maturities | 1,212 | 3,131 | |
Purchases of Securities | (1,044) | (14,391) | |
Proceeds from Sales of Securities | 3,194 | ||
Net (Increase) Decrease in Loans | (38,165) | 6,434 | |
Purchase of Premises and Equipment | (1,888) | (1,661) | |
Proceeds From a Claim on Bank-Owned Life Insurance | 950 | ||
Proceeds From Sales of Other Real Estate Owned and Repossessed Assets | 164 | ||
(Increase) Decrease in Restricted Equity Securities | (2,168) | 97 | |
NET CASH USED IN INVESTING ACTIVITIES | (40,939) | (3,196) | |
FINANCING ACTIVITIES | |||
Net (Decrease) Increase in Deposits | (18,613) | 27,243 | |
Net Increase (Decrease) in Short-Term Borrowings | 55,660 | (2,199) | |
Principal Payments on Other Borrowed Funds | (3,500) | (3,500) | |
Cash Dividends Paid | (901) | (899) | |
Treasury Stock, Purchases at Cost | (27) | ||
Exercise of Stock Options | 32 | 31 | |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 32,651 | 20,676 | |
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (7,140) | 21,313 | |
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | 20,622 | 14,282 | |
CASH AND DUE FROM BANKS AT END OF PERIOD | 13,482 | 35,595 | |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||
Interest on deposits and borrowings (including interest credited to deposit accounts of $788 and $655, respectively) | 1,080 | 755 | |
Income taxes | 30 | 30 | |
Real estate acquired in settlement of loans | 155 | ||
Securities purchased not settled | $ 791 | ||
[1] | Not within the scope of ASC 606. |
Consolidated Statement of Cas10
Consolidated Statement of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Interest credited to deposit accounts | $ 788 | $ 655 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 1. 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” or “EU”). 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 (“SEC”) 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 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 December 31, 2017. not The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC 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 a previous merger, were recorded at fair value with no third For performing loans acquired in the merger, 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. For purchased credit impaired (“PCI”) loans acquired in the merger, 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 Income Taxes The income tax decrease was due to the enactment of the Tax Cuts and Jobs Act reducing the corporate tax rate from 34% 21% January 1, 2018, 2018 16.7% 10.9% March 31, 2018, 30.0% March 31, 2017. Recognition of a Prior Period Error In April 2018, April 2017. first $300,000 March 31, 2018. $300,000 $63,000 $237,000 $0.06 March 31, 2018. As a result of this error, the Company’s 2017 $237,000 March 31, 2018 2017 2018. Reclassifications Certain comparative amounts for the prior year have been reclassified to conform to the current year presentation. Such reclassifications did not Recent Accounting Standards In January 2018, 2018 01, Leases (Topic 842 842. 2018 01 2016 02, 2018 01 2016 02 not not 2016 02, 2016 02 twelve 2016 02 December 15, 2018, 2016 02, In September 2017, 2017 13, Revenue Recognition (Topic 605 606 840 842 July 20, 2017 2017 13 No. 2014 09, 606 No. 2016 02, 842 not not 606 December 15, 2018, December 15, 2019. not not 842 December 15, 2019, December 15, 2020. 2017 13 not In July 2017, 2017 11, Earnings Per Share (Topic 260 480 815 2017 11 2017 11 December 15, 2018, not December 15, 2019 December 15, 2020 2017 11 not In May 2017, 2017 10, Service Concession Arrangements (Topic 853 2017 10 2017 10 December 15, 2017, not December 15, 2018 December 15, 2019 606 2017 10. 2017 10 January 1, 2018, not In May 2017, 2017 09, Compensation—Stock Compensation (Topic 718 2017 09 718. 2017 09 December 15, 2017 2017 09 January 1, 2018, not In March 2017, 2017 08, Receivables- Nonrefundable Fees and Other Costs (Subtopic 310 20 2017 08 2017 08 December 15, 2018, not December 15, 2019 December 15, 2020 2017 08 not In January 2017, 2017 04, Intangibles - Goodwill and Other (Topic 350 2017 04 second one not not 2017 04 December 15, 2019, 2017 04, not In August 2016, 2016 15, Statement of Cash Flow (Topic 230 2016 15 eight zero 2016 15 December 15, 2017, 2016 15 January 1, 2018, not In June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13 2016 13 2016 13 not 2016 13 not 2016 13 December 15, 2019, 2016 13, not In February 2016, 2016 02, Leases (Topic 842 2016 02 twelve 2016 02 December 15, 2018, 2016 02, In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10 2016 01 2016 01 December 15, 2017, 2016 01 first 2018. not January 1, 2018, one $40,000 March 31, 2018, March 31, 2018, $25,000. In May 2014, 2014 09, Revenue from Contracts with Customers 2014 09 January 1, 2018. On January 1, 2018, 2014 09, Revenue from Contracts with Customers 606” 2014 09 606. 606 606 4 606. |
Note 2 - Merger
Note 2 - Merger | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 2. On November 16, 2017, April 30, 2018, eight seven one 1,317,647 $9.8 $49.0 Merger-related expenses are recorded in the Consolidated Statement of Income and include costs relating to the Company’s proposed acquisition of FWVB, as described above. These charges represent one not $380,000 $24,000, March 31, 2018. As of March 31, 2018, $338 $98 $284 8 76% 24% The merger will be accounted for as an acquisition in accordance with the acquisition method of accounting as detailed in Accounting Standards Codification ("ASC") 805, Business Combinations not third 10 |
Note 3 - Earnings Per Share
Note 3 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 3. There are no 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 2018 2017 Weighted-Average Common Shares Outstanding 4,363,346 4,363,346 Average Treasury Stock Shares (267,054 ) (276,057 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 4,096,292 4,087,289 Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share 37,931 10,987 Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 4,134,223 4,098,276 Earnings per share: Basic $ 0.33 $ 0.42 Diluted 0.33 0.42 |
Note 4 - Revenue Recognition fr
Note 4 - Revenue Recognition from Contracts with Customers | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 4. The Company adopted ASC 606 not January 1, 2018. January 1, 2018 606 606 no The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 The following table below presents ASC 606 (Dollars in thousands) Three Months Ended As reported Under Legacy Impact of NONINTEREST INCOME Service Fees on Deposit Accounts $ 591 $ 591 $ - Insurance Commissions 931 936 (5 ) Other Commissions 433 433 - Other 29 29 - Total 1,984 1,989 (5 ) NONINTEREST EXPENSE Other Real Estate Owned Expense 7 7 - Total 7 7 - Net Impact 1,991 1,996 (5 ) Income Tax Expense $ 418 $ 419 $ (1 ) Net Income $ 1,360 $ 1,364 $ (4 ) Comprehensive Income - - - Basic earnings per share $ 0.33 $ 0.33 - Diluted earnings per share $ 0.33 $ 0.33 - All of the Company’s revenue from contracts with customers in the scope of ASC 606 (Dollars in thousands) Three Months Ended NONINTEREST INCOME Service Fees on Deposit Accounts (a) $ 591 Insurance Commissions 931 Other Commissions (c) 433 Net Gains on Sales of Loans (b) 8 Net Gains on Sales of Investments (b) - Fair Value of Equity Securities (b) (25 ) Net Gains on Purchased Tax Credits (b) 11 Income from Bank-Owned Life Insurance (b) 108 Other (b) 29 Total non-interest income 2,086 NONINTEREST EXPENSE Other Real Estate Owned Expense 7 Total non-interest expense 7 Net non-interest income $ 2,079 (a) Interchange fees and ATM fees are included within this line item. (b) Not 606. (c) The Other Commissions category includes wealth management referral fees, check sales and safety deposit box rentals totaling $42,000, 606; $391,000 606. The following narrative describes the Company’s revenue streams accounted for under the guidance of ASC 606 Service Fees on Deposit Accounts Interchange Fees not Insurance Commissions EU utilizes a report out of their core insurance data processing program, The Agency Manager, otherwise known as (“TAM”). The report from TAM captures all in force policies that are active in the system and annualizes the commission over the life of each individual contract. The report then provides an overall commission and fee income total for the monthly reporting financial statement period. This income is then compared to the amount of direct and agency bill income recorded in TAM for the reporting month and an adjustment to income is made according to the report and this is the income recognized for the portion of the insurance contract that has been earned by EU and subsequently the Company. Other Commissions third third Gains/Losses on Sales of OREO not |
Note 5 - Investment Securities
Note 5 - Investment Securities | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 5. 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, 2018 Amortized Gross Gross Fair U.S. Government Agencies $ 67,583 $ - $ (2,656 ) $ 64,927 Obligations of States and Political Subdivisions 39,172 110 (609 ) 38,673 Mortgage-Backed Securities - Government-Sponsored Enterprises 16,393 - (392 ) 16,001 Equity Securities - Mutual Funds 500 - (5 ) 495 Equity Securities - Other 1,361 54 (33 ) 1,382 Total $ 125,009 $ 164 $ (3,695 ) $ 121,478 December 31, 2017 Amortized Gross Gross Fair U.S. Government Agencies $ 67,603 $ - $ (1,715 ) $ 65,888 Obligations of States and Political Subdivisions 38,867 255 (134 ) 38,988 Mortgage-Backed Securities - Government-Sponsored Enterprises 17,123 - (145 ) 16,978 Equity Securities - Mutual Funds 500 3 - 503 Equity Securities - Other 1,188 52 (14 ) 1,226 Total $ 125,281 $ 310 $ (2,008 ) $ 123,583 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, 2018 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies 7 $ 23,434 $ (587 ) 16 $ 41,494 $ (2,069 ) 23 $ 64,928 $ (2,656 ) Obligations of States and Political Subdivisions 42 23,495 (427 ) 9 4,295 (182 ) 51 27,790 (609 ) Mortgage-Backed Securities - Government Sponsored Enterprises 9 16,001 (392 ) - - - 9 16,001 (392 ) Equity Securities - Mutual Fund 1 495 (5 ) - - - 1 495 (5 ) Equity Securities - Other 5 486 (25 ) 1 53 (8 ) 6 539 (33 ) Total 64 $ 63,911 $ (1,436 ) 26 $ 45,842 $ (2,259 ) 90 $ 109,753 $ (3,695 ) December 31, 2017 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies 7 $ 23,805 $ (223 ) 16 $ 42,083 $ (1,492 ) 23 $ 65,888 $ (1,715 ) Obligations of States and Political Subdivisions 20 10,061 (47 ) 9 4,397 (87 ) 29 14,458 (134 ) Mortgage-Backed Securities - Government Sponsored Enterprises 9 16,978 (145 ) - - - 9 16,978 (145 ) Equity Securities - Other 5 458 (7 ) 1 53 (7 ) 6 511 (14 ) Total 41 $ 51,302 $ (422 ) 26 $ 46,533 $ (1,586 ) 67 $ 97,835 $ (2,008 ) For debt securities, the Company does not March 31, 2018 December 31, 2017 may March 31, 2018 December 31, 2017 not not not The following table presents the scheduled maturities of investment securities as of the date indicated: (Dollars in thousands) March 31, 2018 Available-for-Sale Amortized Fair Due in One Year or Less $ 421 $ 421 Due after One Year through Five Years 30,926 30,171 Due after Five Years through Ten Years 68,773 66,532 Due after Ten Years 24,889 24,354 Total $ 125,009 $ 121,478 Equity Securities – Mutual Funds and Equity Securities – Other do not |
Note 6 - Loans and Related Allo
Note 6 - Loans and Related Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 6. The Company’s loan portfolio is made up of four no (Dollars in thousands) March 31, 2018 December 31, 2017 Amount Percent Amount Percent Originated Loans Real Estate: Residential $ 209,168 31.9 % $ 200,486 32.6 % Commercial 205,929 31.3 160,235 26.1 Construction 24,587 3.7 36,149 5.9 Commercial and Industrial 86,972 13.2 100,294 16.3 Consumer 115,785 17.6 114,358 18.6 Other 15,334 2.3 3,376 0.5 Total Originated Loans 657,775 100.0 % 614,898 100.0 % Allowance for Loan Losses (8,201 ) (8,215 ) Loans, Net $ 649,574 $ 606,683 Loans Acquired at Fair Value Real Estate: Residential $ 69,603 56.4 % $ 72,952 56.3 % Commercial 45,260 36.7 48,802 37.7 Commercial and Industrial 8,266 6.7 7,541 5.8 Consumer 187 0.2 199 0.2 Total Loans Acquired at Fair Value 123,316 100.0 % 129,494 100.0 % Allowance for Loan Losses (695 ) (581 ) Loans, Net $ 122,621 $ 128,913 Total Loans Real Estate: Residential $ 278,771 35.7 % $ 273,438 36.7 % Commercial 251,189 32.2 209,037 28.1 Construction 24,587 3.1 36,149 4.9 Commercial and Industrial 95,238 12.2 107,835 14.5 Consumer 115,972 14.8 114,557 15.4 Other 15,334 2.0 3,376 0.4 Total Loans 781,091 100.0 % 744,392 100.0 % Allowance for Loan Losses (8,896 ) (8,796 ) Loans, Net $ 772,195 $ 735,596 Total unamortized net deferred loan fees were $973,000 $808,000 March 31, 2018 December 31, 2017, Real estate loans serviced for others, which are not $93.8 $95.4 March 31, 2018 December 31, 2017, 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, 2018 December 31, 2017, no (Dollars in thousands) March 31, 2018 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 207,603 $ 1,015 $ 550 $ - $ 209,168 Commercial 193,686 9,657 2,343 243 205,929 Construction 24,024 - 520 43 24,587 Commercial and Industrial 74,660 10,432 1,005 875 86,972 Consumer 115,722 - 63 - 115,785 Other 15,334 - - - 15,334 Total Originated Loans $ 631,029 $ 21,104 $ 4,481 $ 1,161 $ 657,775 Loans Acquired at Fair Value Real Estate: Residential $ 67,752 $ - $ 1,851 $ - $ 69,603 Commercial 39,840 4,924 496 - 45,260 Commercial and Industrial 8,180 1 16 69 8,266 Consumer 187 - - - 187 Total Loans Acquired at Fair Value $ 115,959 $ 4,925 $ 2,363 $ 69 $ 123,316 Total Loans Real Estate: Residential $ 275,355 $ 1,015 $ 2,401 $ - $ 278,771 Commercial 233,526 14,581 2,839 243 251,189 Construction 24,024 - 520 43 24,587 Commercial and Industrial 82,840 10,433 1,021 944 95,238 Consumer 115,909 - 63 - 115,972 Other 15,334 - - - 15,334 Total Loans $ 746,988 $ 26,029 $ 6,844 $ 1,230 $ 781,091 December 31, 2017 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 198,869 $ 1,031 $ 586 $ - $ 200,486 Commercial 143,824 13,161 2,716 534 160,235 Construction 35,571 - 535 43 36,149 Commercial and Industrial 84,910 11,460 2,589 1,335 100,294 Consumer 114,287 - 71 - 114,358 Other 3,376 - - - 3,376 Total Originated Loans $ 580,837 $ 25,652 $ 6,497 $ 1,912 $ 614,898 Loans Acquired at Fair Value Real Estate: Residential $ 71,176 $ - $ 1,776 $ - $ 72,952 Commercial 43,297 5,004 501 - 48,802 Commercial and Industrial 7,270 5 189 77 7,541 Consumer 199 - - - 199 Total Loans Acquired at Fair Value $ 121,942 $ 5,009 $ 2,466 $ 77 $ 129,494 Total Loans Real Estate: Residential $ 270,045 $ 1,031 $ 2,362 $ - $ 273,438 Commercial 187,121 18,165 3,217 534 209,037 Construction 35,571 - 535 43 36,149 Commercial and Industrial 92,180 11,465 2,778 1,412 107,835 Consumer 114,486 - 71 - 114,557 Other 3,376 - - - 3,376 Total Loans $ 702,779 $ 30,661 $ 8,963 $ 1,989 $ 744,392 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, 2018 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 207,527 $ 1,151 $ - $ - $ 1,151 $ 490 $ 209,168 Commercial 205,865 64 - - 64 - 205,929 Construction 24,544 - - - - 43 24,587 Commercial and Industrial 85,871 - - - - 1,101 86,972 Consumer 114,832 814 62 15 891 62 115,785 Other 15,334 - - - - - 15,334 Total Originated Loans $ 653,973 $ 2,029 $ 62 $ 15 $ 2,106 $ 1,696 $ 657,775 Loans Acquired at Fair Value Real Estate: Residential $ 68,483 $ 140 $ - $ - $ 140 $ 980 $ 69,603 Commercial 45,260 - - - - - 45,260 Commercial and Industrial 7,619 631 - - 631 16 8,266 Consumer 187 - - - - - 187 Total Loans Acquired at Fair Value $ 121,549 $ 771 $ - $ - $ 771 $ 996 $ 123,316 Total Loans Real Estate: Residential $ 276,010 $ 1,291 $ - $ - $ 1,291 $ 1,470 $ 278,771 Commercial 251,125 64 - - 64 - 251,189 Construction 24,544 - - - - 43 24,587 Commercial and Industrial 93,490 631 - - 631 1,117 95,238 Consumer 115,019 814 62 15 891 62 115,972 Other 15,334 - - - - - 15,334 Total Loans $ 775,522 $ 2,800 $ 62 $ 15 $ 2,877 $ 2,692 $ 781,091 December 31, 2017 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 198,564 $ 1,088 $ 310 $ - $ 1,398 $ 524 $ 200,486 Commercial 159,947 - - - - 288 160,235 Construction 36,106 - - - - 43 36,149 Commercial and Industrial 96,863 125 1,227 - 1,352 2,079 100,294 Consumer 112,965 1,142 154 26 1,322 71 114,358 Other 3,376 - - - - - 3,376 Total Originated Loans $ 607,821 $ 2,355 $ 1,691 $ 26 $ 4,072 $ 3,005 $ 614,898 Loans Acquired at Fair Value Real Estate: Residential $ 71,333 $ 398 $ 180 $ 142 $ 720 $ 899 $ 72,952 Commercial 48,802 - - - - - 48,802 Commercial and Industrial 7,448 77 - - 77 16 7,541 Consumer 199 - - - - - 199 Total Loans Acquired at Fair Value $ 127,782 $ 475 $ 180 $ 142 $ 797 $ 915 $ 129,494 Total Loans Real Estate: Residential $ 269,897 $ 1,486 $ 490 $ 142 $ 2,118 $ 1,423 $ 273,438 Commercial 208,749 - - - - 288 209,037 Construction 36,106 - - - - 43 36,149 Commercial and Industrial 104,311 202 1,227 - 1,429 2,095 107,835 Consumer 113,164 1,142 154 26 1,322 71 114,557 Other 3,376 - - - - - 3,376 Total Loans $ 735,603 $ 2,830 $ 1,871 $ 168 $ 4,869 $ 3,920 $ 744,392 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: Originated Loans: Real Estate: Residential $ 490 $ 524 Commercial - 288 Construction 43 43 Commercial and Industrial 1,101 2,079 Consumer 62 71 Total Originated Nonaccrual Loans 1,696 3,005 Loans Acquired at Fair Value: Real Estate: Residential 980 899 Commercial and Industrial 16 16 Total Loans Acquired at Fair Value Nonaccrual Loans 996 915 Total Nonaccrual Loans 2,692 3,920 Accruing Loans Past Due 90 Days or More: Originated Loans: Real Estate: Consumer 15 26 Total Originated Accruing Loans 90 Days or More Past Due 15 26 Loans Acquired at Fair Value: Real Estate: Residential - 142 Total Loans Acquired at Fair Value Accruing Loans 90 Days or More Past Due - 142 Total Accruing Loans 90 Days or More Past Due 15 168 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 2,707 4,088 Troubled Debt Restructurings, Accruing: Originated Loans: Real Estate - Residential 29 30 Real Estate - Commercial 1,257 1,271 Commercial and Industrial 5 5 Other - 1 Total Originated Loans 1,291 1,307 Loans Acquired at Fair Value: Real Estate - Residential 1,246 1,257 Real Estate - Commercial 414 426 Commercial and Industrial - 173 Total Loans Acquired at Fair Value 1,660 1,856 Total Troubled Debt Restructurings, Accruing 2,951 3,163 Total Nonperforming Loans 5,658 7,251 Real Estate Owned: Residential - 152 Commercial 174 174 Total Real Estate Owned 174 326 Total Nonperforming Assets $ 5,832 $ 7,577 Nonperforming Loans to Total Loans 0.72 % 0.97 % Nonperforming Assets to Total Assets 0.60 0.81 The recorded investment of residential real estate loans for which formal foreclosure proceedings were in process according to applicable requirements of the local jurisdiction was $759,000 $1.5 March 31, 2018 December 31, 2017, 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 the portfolio primarily consist of, but are not 13 $3.9 16 $4.5 March 31, 2018 December 31, 2017, six $2.2 eight $2.6 March 31, 2018 December 31, 2017, seven $1.7 eight $1.9 March 31, 2018 December 31, 2017, During the three March 31, 2018, one one one three March 31, 2017, one No three March 31, 2018 2017, There were no three March 31, 2018 2017, The following table presents a summary of the loans considered to be impaired as of the dates indicated. (Dollars in thousands) March 31, 2018 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 84 $ - $ 87 $ 89 $ 1 Commercial 2,061 - 2,061 2,096 24 Construction 564 - 564 570 7 Commercial and Industrial 524 - 524 531 6 Other - - - - - Total With No Related Allowance Recorded $ 3,233 $ - $ 3,236 $ 3,286 $ 38 Loans Acquired at Fair Value Real Estate: Residential $ 1,246 $ - $ 1,246 $ 1,251 $ 16 Commercial 910 - 910 919 12 Commercial and Industrial 85 - 85 89 1 Total With No Related Allowance Recorded $ 2,241 $ - $ 2,241 $ 2,259 $ 29 Total Loans Real Estate: Residential $ 1,330 $ - $ 1,333 $ 1,340 $ 17 Commercial 2,971 - 2,971 3,015 36 Construction 564 - 564 570 7 Commercial and Industrial 609 - 609 620 7 Other - - - - - Total With No Related Allowance Recorded $ 5,474 $ - $ 5,477 $ 5,545 $ 67 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 891 $ 200 $ 891 $ 896 $ 12 Commercial and Industrial 1,366 662 1,446 1,445 16 Total With A Related Allowance Recorded $ 2,257 $ 862 $ 2,337 $ 2,341 $ 28 March 31, 2018 (cont.) Recorded Related Unpaid Average Interest Total Impaired Loans: Originated Loans Real Estate: Residential $ 84 $ - $ 87 $ 89 $ 1 Commercial 2,952 200 2,952 2,992 36 Construction 564 - 564 570 7 Commercial and Industrial 1,890 662 1,970 1,976 22 Other - - - - - Total Impaired Loans $ 5,490 $ 862 $ 5,573 $ 5,627 $ 66 Loans Acquired at Fair Value Real Estate: Residential $ 1,246 $ - $ 1,246 $ 1,251 $ 16 Commercial 910 - 910 919 12 Commercial and Industrial 85 - 85 89 1 Total Impaired Loans $ 2,241 $ - $ 2,241 $ 2,259 $ 29 Total Loans Real Estate: Residential $ 1,330 $ - $ 1,333 $ 1,340 $ 17 Commercial 3,862 200 3,862 3,911 48 Construction 564 - 564 570 7 Commercial and Industrial 1,975 662 2,055 2,065 23 Other - - - - - Total Impaired Loans $ 7,731 $ 862 $ 7,814 $ 7,886 $ 95 December 31, 2017 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 89 $ - $ 91 $ 114 $ 4 Commercial 2,142 - 2,142 2,297 104 Construction 578 - 578 629 26 Commercial and Industrial 1,002 - 1,002 1,058 28 Other 1 - 1 3 - Total With No Related Allowance Recorded $ 3,812 $ - $ 3,814 $ 4,101 $ 162 Loans Acquired at Fair Value Real Estate: Residential $ 1,257 $ - $ 1,257 $ 1,278 $ 65 Commercial 927 - 927 965 51 Commercial and Industrial 189 - 189 320 12 Total With No Related Allowance Recorded $ 2,373 $ - $ 2,373 $ 2,563 $ 128 Total Loans Real Estate: Residential $ 1,346 $ - $ 1,348 $ 1,392 $ 69 Commercial 3,069 - 3,069 3,262 155 Construction 578 - 578 629 26 Commercial and Industrial 1,191 - 1,191 1,378 40 Other 1 - 1 3 - Total With No Related Allowance Recorded $ 6,185 $ - $ 6,187 $ 6,664 $ 290 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,480 $ 351 $ 1,480 $ 1,509 $ 65 Commercial and Industrial 2,927 1,264 3,019 3,346 159 Total With A Related Allowance Recorded $ 4,407 $ 1,615 $ 4,499 $ 4,855 $ 224 Loans Acquired at Fair Value Real Estate: Commercial and Industrial $ 77 $ 3 $ 77 $ 98 $ 4 Total With A Related Allowance Recorded $ 77 $ 3 $ 77 $ 98 $ 4 Total Loans Real Estate: Commercial $ 1,480 $ 351 $ 1,480 $ 1,509 $ 65 Commercial and Industrial 3,004 1,267 3,096 3,444 163 Total With A Related Allowance Recorded $ 4,484 $ 1,618 $ 4,576 $ 4,953 $ 228 December 31, 2017 (cont.) Recorded Related Unpaid Average Interest Total Impaired Loans Originated Loans Real Estate: Residential $ 89 $ - $ 91 $ 114 $ 4 Commercial 3,622 351 3,622 3,806 169 Construction 578 - 578 629 26 Commercial and Industrial 3,929 1,264 4,021 4,404 187 Other 1 - 1 3 - Total Impaired Loans $ 8,219 $ 1,615 $ 8,313 $ 8,956 $ 386 Loans Acquired at Fair Value Real Estate: Residential $ 1,257 $ - $ 1,257 $ 1,278 $ 65 Commercial 927 - 927 965 51 Commercial and Industrial 266 3 266 418 16 Total Impaired Loans $ 2,450 $ 3 $ 2,450 $ 2,661 $ 132 Total Loans Real Estate: Residential $ 1,346 $ - $ 1,348 $ 1,392 $ 69 Commercial 4,549 351 4,549 4,771 220 Construction 578 - 578 629 26 Commercial and Industrial 4,195 1,267 4,287 4,822 203 Other 1 - 1 3 - Total Impaired Loans $ 10,669 $ 1,618 $ 10,763 $ 11,617 $ 518 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) March 31, 2018 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans December 31, 2017 $ 891 $ 1,799 $ 276 $ 2,461 $ 2,358 $ - $ 430 $ 8,215 Charge-offs (27 ) - - (1,398 ) (141 ) - - (1,566 ) Recoveries 4 - - 2 45 - - 51 Provision 7 407 (120 ) 1,706 (106 ) - (394 ) 1,500 March 31, 2018 $ 875 $ 2,206 $ 156 $ 2,771 $ 2,156 $ - $ 36 $ 8,200 Loans Acquired at Fair Value December 31, 2017 $ - $ 490 $ - $ 83 $ - $ - $ 8 $ 581 Charge-offs - - - - - - - - Recoveries 1 114 - - - - - 115 Provision (1 ) (117 ) - 84 - - 34 - March 31, 2018 $ - $ 487 $ - $ 167 $ - $ - $ 42 $ 696 Total Allowance for Loan Losses December 31, 2017 $ 891 $ 2,289 $ 276 $ 2,544 $ 2,358 $ - $ 438 $ 8,796 Charge-offs (27 ) - - (1,398 ) (141 ) - - (1,566 ) Recoveries 5 114 - 2 45 - - 166 Provision 6 290 (120 ) 1,790 (106 ) - (360 ) 1,500 March 31, 2018 $ 875 $ 2,693 $ 156 $ 2,938 $ 2,156 $ - $ 78 $ 8,896 March 31, 2018 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ - $ 200 $ - $ 662 $ - $ - $ - $ 862 Collectively Evaluated for Potential Impairment $ 875 $ 2,006 $ 156 $ 2,109 $ 2,156 $ - $ 36 $ 7,338 Loans Acquired at Fair Value Individually Evaluated for Impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively Evaluated for Potential Impairment $ - $ 487 $ - $ 167 $ - $ - $ 42 $ 696 Total Allowance for Loan Losses Individually Evaluated for Impairment $ - $ 200 $ - $ 662 $ - $ - $ - $ 862 Collectively Evaluated for Potential Impairment $ 875 $ 2,493 $ 156 $ 2,276 $ 2,156 $ - $ 78 $ 8,034 December 31, 2017 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ - $ 351 $ - $ 1,264 $ - $ - $ - $ 1,615 Collectively Evaluated for Potential Impairment $ 891 $ 1,448 $ 276 $ 1,197 $ 2,358 $ - $ 430 $ 6,600 Loans Acquired at Fair Value Individually Evaluated for Impairment $ - $ - $ - $ 3 $ - $ - $ - $ 3 Collectively Evaluated for Potential Impairment $ - $ 490 $ - $ 80 $ - $ - $ 8 $ 578 Total Allowance for Loan Losses Individually Evaluated for Impairment $ - $ 351 $ - $ 1,267 $ - $ - $ - $ 1,618 Collectively Evaluated for Potential Impairment $ 891 $ 1,938 $ 276 $ 1,277 $ 2,358 $ - $ 438 $ 7,178 March 31, 2017 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans December 31, 2016 $ 1,106 $ 1,942 $ 65 $ 1,579 $ 2,463 $ - $ 128 $ 7,283 Charge-offs - - - - (327 ) - - (327 ) Recoveries 4 - - 11 65 - - 80 Provision (21 ) (44 ) 18 8 55 - 154 170 March 31, 2017 $ 1,089 $ 1,898 $ 83 $ 1,598 $ 2,256 $ - $ 282 $ 7,206 Loans Acquired at Fair Value December 31, 2016 $ - $ 365 $ - $ 120 $ - $ - $ 35 $ 520 Charge-offs (64 ) (129 ) - - - - - (193 ) Recoveries - 1 - - 1 - - 2 Provision 64 234 - (6 ) (1 ) - (41 ) 250 March 31, 2017 $ - $ 471 $ - $ 114 $ - $ - $ (6 ) $ 579 Total Allowance for Loan Losses December 31, 2016 $ 1,106 $ 2,307 $ 65 $ 1,699 $ 2,463 $ - $ 163 $ 7,803 Charge-offs (64 ) (129 ) - - (327 ) - - (520 ) Recoveries 4 1 - 11 66 - - 82 Provision 43 190 18 2 54 - 113 420 March 31, 2017 $ 1,089 $ 2,369 $ 83 $ 1,712 $ 2,256 $ - $ 276 $ 7,785 March 31, 2017 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ - $ 385 $ - $ 701 $ - $ - $ - $ 1,086 Collectively Evaluated for Potential Impairment $ 1,089 $ 1,513 $ 83 $ 897 $ 2,256 $ - $ 282 $ 6,120 Loans Acquired at Fair Value Individually Evaluated for Impairment $ - $ 122 $ - $ 39 $ - $ - $ - $ 161 Collectively Evaluated for Potential Impairment $ - $ 349 $ - $ 75 $ - $ - $ (6 ) $ 418 Total Allowance for Loan Losses Individually Evaluated for Impairment $ - $ 507 $ - $ 740 $ - $ - $ - $ 1,247 Collectively Evaluated for Potential Impairment $ 1,089 $ 1,862 $ 83 $ 972 $ 2,256 $ - $ 276 $ 6,538 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, 2017 $ 760 Accretable Yield (66 ) Nonaccretable Discount 5 Balance at March 31, 2018 $ 699 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, 2018 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 84 $ 2,952 $ 564 $ 1,890 $ - $ - $ 5,490 Collectively Evaluated for Potential Impairment 209,084 202,977 24,023 85,082 115,785 15,334 652,285 $ 209,168 $ 205,929 $ 24,587 $ 86,972 $ 115,785 $ 15,334 $ 657,775 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,246 $ 910 $ - $ 85 $ - $ - $ 2,241 Collectively Evaluated for Potential Impairment 68,357 44,350 - 8,181 187 - 121,075 $ 69,603 $ 45,260 $ - $ 8,266 $ 187 $ - $ 123,316 Total Loans Individually Evaluated for Impairment $ 1,330 $ 3,862 $ 564 $ 1,975 $ - $ - $ 7,731 Collectively Evaluated for Potential Impairment 277,441 247,327 24,023 93,263 115,972 15,334 773,360 $ 278,771 $ 251,189 $ 24,587 $ 95,238 $ 115,972 $ 15,334 $ 781,091 December 31, 2017 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 89 $ 3,622 $ 578 $ 3,929 $ - $ 1 $ 8,219 Collectively Evaluated for Potential Impairment 200,397 156,613 35,571 96,365 114,358 3,375 606,679 $ 200,486 $ 160,235 $ 36,149 $ 100,294 $ 114,358 $ 3,376 $ 614,898 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,257 $ 927 $ - $ 266 $ - $ - $ 2,450 Collectively Evaluated for Potential Impairment 71,695 47,875 - 7,275 199 - 127,044 $ 72,952 $ 48,802 $ - $ 7,541 $ 199 $ - $ 129,494 Total Loans Individually Evaluated for Impairment $ 1,346 $ 4,549 $ 578 $ 4,195 $ - $ 1 $ 10,669 Collectively Evaluated for Potential Impairment 272,092 204,488 35,571 103,640 114,557 3,375 733,723 $ 273,438 $ 209,037 $ 36,149 $ 107,835 $ 114,557 $ 3,376 $ 744,392 |
Note 7 - Deposits
Note 7 - Deposits | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 7. The following table shows the maturities of time deposits for the next five Maturity Period: March 31, One Year or Less $ 72,412 Over One Through Two Years 47,921 Over Two Through Three Years 15,833 Over Three Through Four Years 10,873 Over Four Through Five Years 8,827 Over Five Years 7,839 Total $ 163,705 The balance in time deposits that meet or exceed the FDIC insurance limit of $250,000 $54.5 $52.1 March 31, 2018 December 31, 2017, |
Note 8 - Short-term Borrowings
Note 8 - Short-term Borrowings | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Short-term Debt [Text Block] | Note 8. The following table sets forth the components of short-term borrowings as of the dates indicated. (Dollars in thousands) March 31, 2018 December 31, 2017 Amount Weighted Amount Weighted Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ 150 2.70 % $ 75 - % Maximum Amount Outstanding at any Month End 1,500 550 FHLB Borrowings: Balance at Period End 75,740 1.87 13,764 1.57 Average Balance Outstanding During the Period 42,437 1.69 215 0.93 Maximum Amount Outstanding at any Month End 75,740 13,764 Securities Sold Under Agreements to Repurchase: Balance at Period End 19,525 0.28 25,841 0.26 Average Balance Outstanding During the Period 23,104 0.35 26,350 0.31 Maximum Amount Outstanding at any Month End 23,228 27,951 Securities Collaterizing the Agreements at Period-End: Carrying Value 38,776 38,953 Market Value 37,357 38,081 |
Note 9 - Other Borrowed Funds
Note 9 - Other Borrowed Funds | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 9. 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, 2018 December 31, 2017 Amount Weighted Amount Weighted Due in One Year $ 4,000 1.67 % $ 4,500 1.41 % Due After One Year to Two Years 6,000 1.88 6,000 1.78 Due After Two Years to Three Years 5,000 2.09 6,000 1.97 Due After Three Years to Four Years 3,000 2.23 5,000 2.18 Due After Four Years to Five Years 3,000 2.41 3,000 2.41 Due After Five Years - - - - Total $ 21,000 2.01 $ 24,500 1.92 As of March 31, 2018, $294.0 no $143.1 March 31, 2018 December 31, 2017, The Company maintains a Borrower-In-Custody of Collateral line of credit agreement with the Federal Reserve Bank (“FRB”) for $99.7 no $40.0 March 31, 2018 December 31, 2017, no |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingent Liabilities | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 10. 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 not no 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 $ 38,072 $ 55,105 Performance Letters of Credit 3,256 4,339 Construction Mortgages 33,585 30,619 Personal Lines of Credit 6,375 6,183 Overdraft Protection Lines 6,142 6,167 Home Equity Lines of Credit 17,097 16,337 Commercial Lines of Credit 70,781 62,088 $ 175,308 $ 180,838 Commitments to extend credit are agreements to lend to a customer as long as there is no may not may Performance letters of credit represent conditional commitments issued by the Company to guarantee the performance of a customer to a third one |
Note 11 - Fair Value Disclosure
Note 11 - Fair Value Disclosure | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 11. FASB ASC 820 820 The three 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 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 two (Dollars in thousands) Fair Value March 31, December 31, Available for Sales Securities: U.S. Government Agencies Level II $ 64,927 $ 65,888 Obligations of States and Political Subdivisions Level II 38,673 38,988 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 16,001 16,978 Equity Securities - Mutual Funds Level I 495 503 Equity Securities - Other Level I 1,382 1,226 Total Available for Sale Securities $ 121,478 $ 123,583 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 Fair Value March 31, December 31, Valuation Significant Unobservable Impaired Loans Level III $ 1,395 $ 2,866 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III - 321 Market Comparable Properties Marketability Discount 10% to 50% (1) ( 1 Range includes discounts taken since appraisal and estimated values. Impaired loans are evaluated when a 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, 2018 December 31, 2017, $2.3 $4.5 $862,000 $1.6 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. 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. During the three March 31, 2018, one $12,000. three March 31, 2017, one $155,000 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 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 may not may As certain assets such as deferred tax assets and premises and equipment are not not The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated. (Dollars in thousands) March 31, 2018 December 31, 2017 Fair Value Carrying Fair Carrying Fair Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 1,937 $ 1,937 $ 11,685 $ 11,685 Non-Interest Bearing Level I 11,545 11,545 8,937 8,937 Investment Securities: Available for Sale See Above 121,478 121,478 123,583 123,583 Loans, Net Level III 772,195 770,718 735,596 741,020 Restricted Stock Level II 6,509 6,509 4,340 4,340 Bank-Owned Life Insurance Level II 18,309 18,309 19,151 19,151 Accrued Interest Receivable Level II 2,851 2,851 2,706 2,706 Financial Liabilities: Deposits Level II 754,731 752,665 773,344 772,080 Short-term Borrowings Level II 95,265 95,265 39,605 39,605 Other Borrowed Funds Level II 21,000 20,710 24,500 24,454 Accrued Interest Payable Level II 449 449 430 430 |
Note 12 - Other Noninterest Exp
Note 12 - Other Noninterest Expense | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Other Operating Income and Expense [Text Block] | Note 12. The details for other noninterest expense for the Company’s consolidated statement of income for the three March 31, 2018 2017, (Dollars in thousands) Three Months Ended 2018 2017 Other Noninterest Expense Non-employee compensation $ 122 $ 100 Printing and supplies 108 103 Postage 58 66 Telephone 112 88 Charitable contributions 29 24 Dues and subscriptions 66 63 Loan expenses 93 74 Meals and entertainment 34 24 Travel 38 26 Training 13 11 Miscellaneous 192 231 Total Other Noninterest Expense $ 865 $ 810 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
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” or “EU”). 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 (“SEC”) 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 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 December 31, 2017. not The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC 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 a previous merger, were recorded at fair value with no third For performing loans acquired in the merger, 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. For purchased credit impaired (“PCI”) loans acquired in the merger, 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 |
Income Tax, Policy [Policy Text Block] | Income Taxes The income tax decrease was due to the enactment of the Tax Cuts and Jobs Act reducing the corporate tax rate from 34% 21% January 1, 2018, 2018 16.7% 10.9% March 31, 2018, 30.0% March 31, 2017. |
Prior Period Error Recognition [Policy Text Block] | Recognition of a Prior Period Error In April 2018, April 2017. first $300,000 March 31, 2018. $300,000 $63,000 $237,000 $0.06 March 31, 2018. As a result of this error, the Company’s 2017 $237,000 March 31, 2018 2017 2018. |
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 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Standards In January 2018, 2018 01, Leases (Topic 842 842. 2018 01 2016 02, 2018 01 2016 02 not not 2016 02, 2016 02 twelve 2016 02 December 15, 2018, 2016 02, In September 2017, 2017 13, Revenue Recognition (Topic 605 606 840 842 July 20, 2017 2017 13 No. 2014 09, 606 No. 2016 02, 842 not not 606 December 15, 2018, December 15, 2019. not not 842 December 15, 2019, December 15, 2020. 2017 13 not In July 2017, 2017 11, Earnings Per Share (Topic 260 480 815 2017 11 2017 11 December 15, 2018, not December 15, 2019 December 15, 2020 2017 11 not In May 2017, 2017 10, Service Concession Arrangements (Topic 853 2017 10 2017 10 December 15, 2017, not December 15, 2018 December 15, 2019 606 2017 10. 2017 10 January 1, 2018, not In May 2017, 2017 09, Compensation—Stock Compensation (Topic 718 2017 09 718. 2017 09 December 15, 2017 2017 09 January 1, 2018, not In March 2017, 2017 08, Receivables- Nonrefundable Fees and Other Costs (Subtopic 310 20 2017 08 2017 08 December 15, 2018, not December 15, 2019 December 15, 2020 2017 08 not In January 2017, 2017 04, Intangibles - Goodwill and Other (Topic 350 2017 04 second one not not 2017 04 December 15, 2019, 2017 04, not In August 2016, 2016 15, Statement of Cash Flow (Topic 230 2016 15 eight zero 2016 15 December 15, 2017, 2016 15 January 1, 2018, not In June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13 2016 13 2016 13 not 2016 13 not 2016 13 December 15, 2019, 2016 13, not In February 2016, 2016 02, Leases (Topic 842 2016 02 twelve 2016 02 December 15, 2018, 2016 02, In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10 2016 01 2016 01 December 15, 2017, 2016 01 first 2018. not January 1, 2018, one $40,000 March 31, 2018, March 31, 2018, $25,000. In May 2014, 2014 09, Revenue from Contracts with Customers 2014 09 January 1, 2018. On January 1, 2018, 2014 09, Revenue from Contracts with Customers 606” 2014 09 606. 606 606 4 606. |
Note 3 - Earnings Per Share (Ta
Note 3 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended 2018 2017 Weighted-Average Common Shares Outstanding 4,363,346 4,363,346 Average Treasury Stock Shares (267,054 ) (276,057 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 4,096,292 4,087,289 Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share 37,931 10,987 Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 4,134,223 4,098,276 Earnings per share: Basic $ 0.33 $ 0.42 Diluted 0.33 0.42 |
Note 4 - Revenue Recognition 25
Note 4 - Revenue Recognition from Contracts with Customers (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | (Dollars in thousands) Three Months Ended As reported Under Legacy Impact of NONINTEREST INCOME Service Fees on Deposit Accounts $ 591 $ 591 $ - Insurance Commissions 931 936 (5 ) Other Commissions 433 433 - Other 29 29 - Total 1,984 1,989 (5 ) NONINTEREST EXPENSE Other Real Estate Owned Expense 7 7 - Total 7 7 - Net Impact 1,991 1,996 (5 ) Income Tax Expense $ 418 $ 419 $ (1 ) Net Income $ 1,360 $ 1,364 $ (4 ) Comprehensive Income - - - Basic earnings per share $ 0.33 $ 0.33 - Diluted earnings per share $ 0.33 $ 0.33 - |
Disaggregation of Revenue [Table Text Block] | (Dollars in thousands) Three Months Ended NONINTEREST INCOME Service Fees on Deposit Accounts (a) $ 591 Insurance Commissions 931 Other Commissions (c) 433 Net Gains on Sales of Loans (b) 8 Net Gains on Sales of Investments (b) - Fair Value of Equity Securities (b) (25 ) Net Gains on Purchased Tax Credits (b) 11 Income from Bank-Owned Life Insurance (b) 108 Other (b) 29 Total non-interest income 2,086 NONINTEREST EXPENSE Other Real Estate Owned Expense 7 Total non-interest expense 7 Net non-interest income $ 2,079 |
Note 5 - Investment Securities
Note 5 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | (Dollars in thousands) March 31, 2018 Amortized Gross Gross Fair U.S. Government Agencies $ 67,583 $ - $ (2,656 ) $ 64,927 Obligations of States and Political Subdivisions 39,172 110 (609 ) 38,673 Mortgage-Backed Securities - Government-Sponsored Enterprises 16,393 - (392 ) 16,001 Equity Securities - Mutual Funds 500 - (5 ) 495 Equity Securities - Other 1,361 54 (33 ) 1,382 Total $ 125,009 $ 164 $ (3,695 ) $ 121,478 December 31, 2017 Amortized Gross Gross Fair U.S. Government Agencies $ 67,603 $ - $ (1,715 ) $ 65,888 Obligations of States and Political Subdivisions 38,867 255 (134 ) 38,988 Mortgage-Backed Securities - Government-Sponsored Enterprises 17,123 - (145 ) 16,978 Equity Securities - Mutual Funds 500 3 - 503 Equity Securities - Other 1,188 52 (14 ) 1,226 Total $ 125,281 $ 310 $ (2,008 ) $ 123,583 |
Schedule of Unrealized Loss on Investments [Table Text Block] | (Dollars in thousands) March 31, 2018 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies 7 $ 23,434 $ (587 ) 16 $ 41,494 $ (2,069 ) 23 $ 64,928 $ (2,656 ) Obligations of States and Political Subdivisions 42 23,495 (427 ) 9 4,295 (182 ) 51 27,790 (609 ) Mortgage-Backed Securities - Government Sponsored Enterprises 9 16,001 (392 ) - - - 9 16,001 (392 ) Equity Securities - Mutual Fund 1 495 (5 ) - - - 1 495 (5 ) Equity Securities - Other 5 486 (25 ) 1 53 (8 ) 6 539 (33 ) Total 64 $ 63,911 $ (1,436 ) 26 $ 45,842 $ (2,259 ) 90 $ 109,753 $ (3,695 ) December 31, 2017 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies 7 $ 23,805 $ (223 ) 16 $ 42,083 $ (1,492 ) 23 $ 65,888 $ (1,715 ) Obligations of States and Political Subdivisions 20 10,061 (47 ) 9 4,397 (87 ) 29 14,458 (134 ) Mortgage-Backed Securities - Government Sponsored Enterprises 9 16,978 (145 ) - - - 9 16,978 (145 ) Equity Securities - Other 5 458 (7 ) 1 53 (7 ) 6 511 (14 ) Total 41 $ 51,302 $ (422 ) 26 $ 46,533 $ (1,586 ) 67 $ 97,835 $ (2,008 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | (Dollars in thousands) March 31, 2018 Available-for-Sale Amortized Fair Due in One Year or Less $ 421 $ 421 Due after One Year through Five Years 30,926 30,171 Due after Five Years through Ten Years 68,773 66,532 Due after Ten Years 24,889 24,354 Total $ 125,009 $ 121,478 |
Note 6 - Loans and Related Al27
Note 6 - Loans and Related Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (Dollars in thousands) March 31, 2018 December 31, 2017 Amount Percent Amount Percent Originated Loans Real Estate: Residential $ 209,168 31.9 % $ 200,486 32.6 % Commercial 205,929 31.3 160,235 26.1 Construction 24,587 3.7 36,149 5.9 Commercial and Industrial 86,972 13.2 100,294 16.3 Consumer 115,785 17.6 114,358 18.6 Other 15,334 2.3 3,376 0.5 Total Originated Loans 657,775 100.0 % 614,898 100.0 % Allowance for Loan Losses (8,201 ) (8,215 ) Loans, Net $ 649,574 $ 606,683 Loans Acquired at Fair Value Real Estate: Residential $ 69,603 56.4 % $ 72,952 56.3 % Commercial 45,260 36.7 48,802 37.7 Commercial and Industrial 8,266 6.7 7,541 5.8 Consumer 187 0.2 199 0.2 Total Loans Acquired at Fair Value 123,316 100.0 % 129,494 100.0 % Allowance for Loan Losses (695 ) (581 ) Loans, Net $ 122,621 $ 128,913 Total Loans Real Estate: Residential $ 278,771 35.7 % $ 273,438 36.7 % Commercial 251,189 32.2 209,037 28.1 Construction 24,587 3.1 36,149 4.9 Commercial and Industrial 95,238 12.2 107,835 14.5 Consumer 115,972 14.8 114,557 15.4 Other 15,334 2.0 3,376 0.4 Total Loans 781,091 100.0 % 744,392 100.0 % Allowance for Loan Losses (8,896 ) (8,796 ) Loans, Net $ 772,195 $ 735,596 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (Dollars in thousands) March 31, 2018 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 207,603 $ 1,015 $ 550 $ - $ 209,168 Commercial 193,686 9,657 2,343 243 205,929 Construction 24,024 - 520 43 24,587 Commercial and Industrial 74,660 10,432 1,005 875 86,972 Consumer 115,722 - 63 - 115,785 Other 15,334 - - - 15,334 Total Originated Loans $ 631,029 $ 21,104 $ 4,481 $ 1,161 $ 657,775 Loans Acquired at Fair Value Real Estate: Residential $ 67,752 $ - $ 1,851 $ - $ 69,603 Commercial 39,840 4,924 496 - 45,260 Commercial and Industrial 8,180 1 16 69 8,266 Consumer 187 - - - 187 Total Loans Acquired at Fair Value $ 115,959 $ 4,925 $ 2,363 $ 69 $ 123,316 Total Loans Real Estate: Residential $ 275,355 $ 1,015 $ 2,401 $ - $ 278,771 Commercial 233,526 14,581 2,839 243 251,189 Construction 24,024 - 520 43 24,587 Commercial and Industrial 82,840 10,433 1,021 944 95,238 Consumer 115,909 - 63 - 115,972 Other 15,334 - - - 15,334 Total Loans $ 746,988 $ 26,029 $ 6,844 $ 1,230 $ 781,091 December 31, 2017 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 198,869 $ 1,031 $ 586 $ - $ 200,486 Commercial 143,824 13,161 2,716 534 160,235 Construction 35,571 - 535 43 36,149 Commercial and Industrial 84,910 11,460 2,589 1,335 100,294 Consumer 114,287 - 71 - 114,358 Other 3,376 - - - 3,376 Total Originated Loans $ 580,837 $ 25,652 $ 6,497 $ 1,912 $ 614,898 Loans Acquired at Fair Value Real Estate: Residential $ 71,176 $ - $ 1,776 $ - $ 72,952 Commercial 43,297 5,004 501 - 48,802 Commercial and Industrial 7,270 5 189 77 7,541 Consumer 199 - - - 199 Total Loans Acquired at Fair Value $ 121,942 $ 5,009 $ 2,466 $ 77 $ 129,494 Total Loans Real Estate: Residential $ 270,045 $ 1,031 $ 2,362 $ - $ 273,438 Commercial 187,121 18,165 3,217 534 209,037 Construction 35,571 - 535 43 36,149 Commercial and Industrial 92,180 11,465 2,778 1,412 107,835 Consumer 114,486 - 71 - 114,557 Other 3,376 - - - 3,376 Total Loans $ 702,779 $ 30,661 $ 8,963 $ 1,989 $ 744,392 |
Past Due Financing Receivables [Table Text Block] | (Dollars in thousands) March 31, 2018 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 207,527 $ 1,151 $ - $ - $ 1,151 $ 490 $ 209,168 Commercial 205,865 64 - - 64 - 205,929 Construction 24,544 - - - - 43 24,587 Commercial and Industrial 85,871 - - - - 1,101 86,972 Consumer 114,832 814 62 15 891 62 115,785 Other 15,334 - - - - - 15,334 Total Originated Loans $ 653,973 $ 2,029 $ 62 $ 15 $ 2,106 $ 1,696 $ 657,775 Loans Acquired at Fair Value Real Estate: Residential $ 68,483 $ 140 $ - $ - $ 140 $ 980 $ 69,603 Commercial 45,260 - - - - - 45,260 Commercial and Industrial 7,619 631 - - 631 16 8,266 Consumer 187 - - - - - 187 Total Loans Acquired at Fair Value $ 121,549 $ 771 $ - $ - $ 771 $ 996 $ 123,316 Total Loans Real Estate: Residential $ 276,010 $ 1,291 $ - $ - $ 1,291 $ 1,470 $ 278,771 Commercial 251,125 64 - - 64 - 251,189 Construction 24,544 - - - - 43 24,587 Commercial and Industrial 93,490 631 - - 631 1,117 95,238 Consumer 115,019 814 62 15 891 62 115,972 Other 15,334 - - - - - 15,334 Total Loans $ 775,522 $ 2,800 $ 62 $ 15 $ 2,877 $ 2,692 $ 781,091 December 31, 2017 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 198,564 $ 1,088 $ 310 $ - $ 1,398 $ 524 $ 200,486 Commercial 159,947 - - - - 288 160,235 Construction 36,106 - - - - 43 36,149 Commercial and Industrial 96,863 125 1,227 - 1,352 2,079 100,294 Consumer 112,965 1,142 154 26 1,322 71 114,358 Other 3,376 - - - - - 3,376 Total Originated Loans $ 607,821 $ 2,355 $ 1,691 $ 26 $ 4,072 $ 3,005 $ 614,898 Loans Acquired at Fair Value Real Estate: Residential $ 71,333 $ 398 $ 180 $ 142 $ 720 $ 899 $ 72,952 Commercial 48,802 - - - - - 48,802 Commercial and Industrial 7,448 77 - - 77 16 7,541 Consumer 199 - - - - - 199 Total Loans Acquired at Fair Value $ 127,782 $ 475 $ 180 $ 142 $ 797 $ 915 $ 129,494 Total Loans Real Estate: Residential $ 269,897 $ 1,486 $ 490 $ 142 $ 2,118 $ 1,423 $ 273,438 Commercial 208,749 - - - - 288 209,037 Construction 36,106 - - - - 43 36,149 Commercial and Industrial 104,311 202 1,227 - 1,429 2,095 107,835 Consumer 113,164 1,142 154 26 1,322 71 114,557 Other 3,376 - - - - - 3,376 Total Loans $ 735,603 $ 2,830 $ 1,871 $ 168 $ 4,869 $ 3,920 $ 744,392 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (Dollars in Thousands) March 31, December 31, Nonaccrual Loans: Originated Loans: Real Estate: Residential $ 490 $ 524 Commercial - 288 Construction 43 43 Commercial and Industrial 1,101 2,079 Consumer 62 71 Total Originated Nonaccrual Loans 1,696 3,005 Loans Acquired at Fair Value: Real Estate: Residential 980 899 Commercial and Industrial 16 16 Total Loans Acquired at Fair Value Nonaccrual Loans 996 915 Total Nonaccrual Loans 2,692 3,920 Accruing Loans Past Due 90 Days or More: Originated Loans: Real Estate: Consumer 15 26 Total Originated Accruing Loans 90 Days or More Past Due 15 26 Loans Acquired at Fair Value: Real Estate: Residential - 142 Total Loans Acquired at Fair Value Accruing Loans 90 Days or More Past Due - 142 Total Accruing Loans 90 Days or More Past Due 15 168 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 2,707 4,088 Troubled Debt Restructurings, Accruing: Originated Loans: Real Estate - Residential 29 30 Real Estate - Commercial 1,257 1,271 Commercial and Industrial 5 5 Other - 1 Total Originated Loans 1,291 1,307 Loans Acquired at Fair Value: Real Estate - Residential 1,246 1,257 Real Estate - Commercial 414 426 Commercial and Industrial - 173 Total Loans Acquired at Fair Value 1,660 1,856 Total Troubled Debt Restructurings, Accruing 2,951 3,163 Total Nonperforming Loans 5,658 7,251 Real Estate Owned: Residential - 152 Commercial 174 174 Total Real Estate Owned 174 326 Total Nonperforming Assets $ 5,832 $ 7,577 Nonperforming Loans to Total Loans 0.72 % 0.97 % Nonperforming Assets to Total Assets 0.60 0.81 |
Impaired Financing Receivables [Table Text Block] | (Dollars in thousands) March 31, 2018 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 84 $ - $ 87 $ 89 $ 1 Commercial 2,061 - 2,061 2,096 24 Construction 564 - 564 570 7 Commercial and Industrial 524 - 524 531 6 Other - - - - - Total With No Related Allowance Recorded $ 3,233 $ - $ 3,236 $ 3,286 $ 38 Loans Acquired at Fair Value Real Estate: Residential $ 1,246 $ - $ 1,246 $ 1,251 $ 16 Commercial 910 - 910 919 12 Commercial and Industrial 85 - 85 89 1 Total With No Related Allowance Recorded $ 2,241 $ - $ 2,241 $ 2,259 $ 29 Total Loans Real Estate: Residential $ 1,330 $ - $ 1,333 $ 1,340 $ 17 Commercial 2,971 - 2,971 3,015 36 Construction 564 - 564 570 7 Commercial and Industrial 609 - 609 620 7 Other - - - - - Total With No Related Allowance Recorded $ 5,474 $ - $ 5,477 $ 5,545 $ 67 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 891 $ 200 $ 891 $ 896 $ 12 Commercial and Industrial 1,366 662 1,446 1,445 16 Total With A Related Allowance Recorded $ 2,257 $ 862 $ 2,337 $ 2,341 $ 28 March 31, 2018 (cont.) Recorded Related Unpaid Average Interest Total Impaired Loans: Originated Loans Real Estate: Residential $ 84 $ - $ 87 $ 89 $ 1 Commercial 2,952 200 2,952 2,992 36 Construction 564 - 564 570 7 Commercial and Industrial 1,890 662 1,970 1,976 22 Other - - - - - Total Impaired Loans $ 5,490 $ 862 $ 5,573 $ 5,627 $ 66 Loans Acquired at Fair Value Real Estate: Residential $ 1,246 $ - $ 1,246 $ 1,251 $ 16 Commercial 910 - 910 919 12 Commercial and Industrial 85 - 85 89 1 Total Impaired Loans $ 2,241 $ - $ 2,241 $ 2,259 $ 29 Total Loans Real Estate: Residential $ 1,330 $ - $ 1,333 $ 1,340 $ 17 Commercial 3,862 200 3,862 3,911 48 Construction 564 - 564 570 7 Commercial and Industrial 1,975 662 2,055 2,065 23 Other - - - - - Total Impaired Loans $ 7,731 $ 862 $ 7,814 $ 7,886 $ 95 December 31, 2017 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 89 $ - $ 91 $ 114 $ 4 Commercial 2,142 - 2,142 2,297 104 Construction 578 - 578 629 26 Commercial and Industrial 1,002 - 1,002 1,058 28 Other 1 - 1 3 - Total With No Related Allowance Recorded $ 3,812 $ - $ 3,814 $ 4,101 $ 162 Loans Acquired at Fair Value Real Estate: Residential $ 1,257 $ - $ 1,257 $ 1,278 $ 65 Commercial 927 - 927 965 51 Commercial and Industrial 189 - 189 320 12 Total With No Related Allowance Recorded $ 2,373 $ - $ 2,373 $ 2,563 $ 128 Total Loans Real Estate: Residential $ 1,346 $ - $ 1,348 $ 1,392 $ 69 Commercial 3,069 - 3,069 3,262 155 Construction 578 - 578 629 26 Commercial and Industrial 1,191 - 1,191 1,378 40 Other 1 - 1 3 - Total With No Related Allowance Recorded $ 6,185 $ - $ 6,187 $ 6,664 $ 290 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,480 $ 351 $ 1,480 $ 1,509 $ 65 Commercial and Industrial 2,927 1,264 3,019 3,346 159 Total With A Related Allowance Recorded $ 4,407 $ 1,615 $ 4,499 $ 4,855 $ 224 Loans Acquired at Fair Value Real Estate: Commercial and Industrial $ 77 $ 3 $ 77 $ 98 $ 4 Total With A Related Allowance Recorded $ 77 $ 3 $ 77 $ 98 $ 4 Total Loans Real Estate: Commercial $ 1,480 $ 351 $ 1,480 $ 1,509 $ 65 Commercial and Industrial 3,004 1,267 3,096 3,444 163 Total With A Related Allowance Recorded $ 4,484 $ 1,618 $ 4,576 $ 4,953 $ 228 December 31, 2017 (cont.) Recorded Related Unpaid Average Interest Total Impaired Loans Originated Loans Real Estate: Residential $ 89 $ - $ 91 $ 114 $ 4 Commercial 3,622 351 3,622 3,806 169 Construction 578 - 578 629 26 Commercial and Industrial 3,929 1,264 4,021 4,404 187 Other 1 - 1 3 - Total Impaired Loans $ 8,219 $ 1,615 $ 8,313 $ 8,956 $ 386 Loans Acquired at Fair Value Real Estate: Residential $ 1,257 $ - $ 1,257 $ 1,278 $ 65 Commercial 927 - 927 965 51 Commercial and Industrial 266 3 266 418 16 Total Impaired Loans $ 2,450 $ 3 $ 2,450 $ 2,661 $ 132 Total Loans Real Estate: Residential $ 1,346 $ - $ 1,348 $ 1,392 $ 69 Commercial 4,549 351 4,549 4,771 220 Construction 578 - 578 629 26 Commercial and Industrial 4,195 1,267 4,287 4,822 203 Other 1 - 1 3 - Total Impaired Loans $ 10,669 $ 1,618 $ 10,763 $ 11,617 $ 518 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (Dollars in thousands) March 31, 2018 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans December 31, 2017 $ 891 $ 1,799 $ 276 $ 2,461 $ 2,358 $ - $ 430 $ 8,215 Charge-offs (27 ) - - (1,398 ) (141 ) - - (1,566 ) Recoveries 4 - - 2 45 - - 51 Provision 7 407 (120 ) 1,706 (106 ) - (394 ) 1,500 March 31, 2018 $ 875 $ 2,206 $ 156 $ 2,771 $ 2,156 $ - $ 36 $ 8,200 Loans Acquired at Fair Value December 31, 2017 $ - $ 490 $ - $ 83 $ - $ - $ 8 $ 581 Charge-offs - - - - - - - - Recoveries 1 114 - - - - - 115 Provision (1 ) (117 ) - 84 - - 34 - March 31, 2018 $ - $ 487 $ - $ 167 $ - $ - $ 42 $ 696 Total Allowance for Loan Losses December 31, 2017 $ 891 $ 2,289 $ 276 $ 2,544 $ 2,358 $ - $ 438 $ 8,796 Charge-offs (27 ) - - (1,398 ) (141 ) - - (1,566 ) Recoveries 5 114 - 2 45 - - 166 Provision 6 290 (120 ) 1,790 (106 ) - (360 ) 1,500 March 31, 2018 $ 875 $ 2,693 $ 156 $ 2,938 $ 2,156 $ - $ 78 $ 8,896 March 31, 2018 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ - $ 200 $ - $ 662 $ - $ - $ - $ 862 Collectively Evaluated for Potential Impairment $ 875 $ 2,006 $ 156 $ 2,109 $ 2,156 $ - $ 36 $ 7,338 Loans Acquired at Fair Value Individually Evaluated for Impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively Evaluated for Potential Impairment $ - $ 487 $ - $ 167 $ - $ - $ 42 $ 696 Total Allowance for Loan Losses Individually Evaluated for Impairment $ - $ 200 $ - $ 662 $ - $ - $ - $ 862 Collectively Evaluated for Potential Impairment $ 875 $ 2,493 $ 156 $ 2,276 $ 2,156 $ - $ 78 $ 8,034 December 31, 2017 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ - $ 351 $ - $ 1,264 $ - $ - $ - $ 1,615 Collectively Evaluated for Potential Impairment $ 891 $ 1,448 $ 276 $ 1,197 $ 2,358 $ - $ 430 $ 6,600 Loans Acquired at Fair Value Individually Evaluated for Impairment $ - $ - $ - $ 3 $ - $ - $ - $ 3 Collectively Evaluated for Potential Impairment $ - $ 490 $ - $ 80 $ - $ - $ 8 $ 578 Total Allowance for Loan Losses Individually Evaluated for Impairment $ - $ 351 $ - $ 1,267 $ - $ - $ - $ 1,618 Collectively Evaluated for Potential Impairment $ 891 $ 1,938 $ 276 $ 1,277 $ 2,358 $ - $ 438 $ 7,178 March 31, 2017 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans December 31, 2016 $ 1,106 $ 1,942 $ 65 $ 1,579 $ 2,463 $ - $ 128 $ 7,283 Charge-offs - - - - (327 ) - - (327 ) Recoveries 4 - - 11 65 - - 80 Provision (21 ) (44 ) 18 8 55 - 154 170 March 31, 2017 $ 1,089 $ 1,898 $ 83 $ 1,598 $ 2,256 $ - $ 282 $ 7,206 Loans Acquired at Fair Value December 31, 2016 $ - $ 365 $ - $ 120 $ - $ - $ 35 $ 520 Charge-offs (64 ) (129 ) - - - - - (193 ) Recoveries - 1 - - 1 - - 2 Provision 64 234 - (6 ) (1 ) - (41 ) 250 March 31, 2017 $ - $ 471 $ - $ 114 $ - $ - $ (6 ) $ 579 Total Allowance for Loan Losses December 31, 2016 $ 1,106 $ 2,307 $ 65 $ 1,699 $ 2,463 $ - $ 163 $ 7,803 Charge-offs (64 ) (129 ) - - (327 ) - - (520 ) Recoveries 4 1 - 11 66 - - 82 Provision 43 190 18 2 54 - 113 420 March 31, 2017 $ 1,089 $ 2,369 $ 83 $ 1,712 $ 2,256 $ - $ 276 $ 7,785 March 31, 2017 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ - $ 385 $ - $ 701 $ - $ - $ - $ 1,086 Collectively Evaluated for Potential Impairment $ 1,089 $ 1,513 $ 83 $ 897 $ 2,256 $ - $ 282 $ 6,120 Loans Acquired at Fair Value Individually Evaluated for Impairment $ - $ 122 $ - $ 39 $ - $ - $ - $ 161 Collectively Evaluated for Potential Impairment $ - $ 349 $ - $ 75 $ - $ - $ (6 ) $ 418 Total Allowance for Loan Losses Individually Evaluated for Impairment $ - $ 507 $ - $ 740 $ - $ - $ - $ 1,247 Collectively Evaluated for Potential Impairment $ 1,089 $ 1,862 $ 83 $ 972 $ 2,256 $ - $ 276 $ 6,538 |
Schedule of Accretable Discount on Loans Acquired at Fair Value [Table Text Block] | Accretable Balance at December 31, 2017 $ 760 Accretable Yield (66 ) Nonaccretable Discount 5 Balance at March 31, 2018 $ 699 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | (Dollars in thousands) March 31, 2018 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 84 $ 2,952 $ 564 $ 1,890 $ - $ - $ 5,490 Collectively Evaluated for Potential Impairment 209,084 202,977 24,023 85,082 115,785 15,334 652,285 $ 209,168 $ 205,929 $ 24,587 $ 86,972 $ 115,785 $ 15,334 $ 657,775 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,246 $ 910 $ - $ 85 $ - $ - $ 2,241 Collectively Evaluated for Potential Impairment 68,357 44,350 - 8,181 187 - 121,075 $ 69,603 $ 45,260 $ - $ 8,266 $ 187 $ - $ 123,316 Total Loans Individually Evaluated for Impairment $ 1,330 $ 3,862 $ 564 $ 1,975 $ - $ - $ 7,731 Collectively Evaluated for Potential Impairment 277,441 247,327 24,023 93,263 115,972 15,334 773,360 $ 278,771 $ 251,189 $ 24,587 $ 95,238 $ 115,972 $ 15,334 $ 781,091 December 31, 2017 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 89 $ 3,622 $ 578 $ 3,929 $ - $ 1 $ 8,219 Collectively Evaluated for Potential Impairment 200,397 156,613 35,571 96,365 114,358 3,375 606,679 $ 200,486 $ 160,235 $ 36,149 $ 100,294 $ 114,358 $ 3,376 $ 614,898 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,257 $ 927 $ - $ 266 $ - $ - $ 2,450 Collectively Evaluated for Potential Impairment 71,695 47,875 - 7,275 199 - 127,044 $ 72,952 $ 48,802 $ - $ 7,541 $ 199 $ - $ 129,494 Total Loans Individually Evaluated for Impairment $ 1,346 $ 4,549 $ 578 $ 4,195 $ - $ 1 $ 10,669 Collectively Evaluated for Potential Impairment 272,092 204,488 35,571 103,640 114,557 3,375 733,723 $ 273,438 $ 209,037 $ 36,149 $ 107,835 $ 114,557 $ 3,376 $ 744,392 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Time Deposit Maturities [Table Text Block] | Maturity Period: March 31, One Year or Less $ 72,412 Over One Through Two Years 47,921 Over Two Through Three Years 15,833 Over Three Through Four Years 10,873 Over Four Through Five Years 8,827 Over Five Years 7,839 Total $ 163,705 |
Note 8 - Short-term Borrowings
Note 8 - Short-term Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | (Dollars in thousands) March 31, 2018 December 31, 2017 Amount Weighted Amount Weighted Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ 150 2.70 % $ 75 - % Maximum Amount Outstanding at any Month End 1,500 550 FHLB Borrowings: Balance at Period End 75,740 1.87 13,764 1.57 Average Balance Outstanding During the Period 42,437 1.69 215 0.93 Maximum Amount Outstanding at any Month End 75,740 13,764 Securities Sold Under Agreements to Repurchase: Balance at Period End 19,525 0.28 25,841 0.26 Average Balance Outstanding During the Period 23,104 0.35 26,350 0.31 Maximum Amount Outstanding at any Month End 23,228 27,951 Securities Collaterizing the Agreements at Period-End: Carrying Value 38,776 38,953 Market Value 37,357 38,081 |
Note 9 - Other Borrowed Funds (
Note 9 - Other Borrowed Funds (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | (Dollars in thousands) March 31, 2018 December 31, 2017 Amount Weighted Amount Weighted Due in One Year $ 4,000 1.67 % $ 4,500 1.41 % Due After One Year to Two Years 6,000 1.88 6,000 1.78 Due After Two Years to Three Years 5,000 2.09 6,000 1.97 Due After Three Years to Four Years 3,000 2.23 5,000 2.18 Due After Four Years to Five Years 3,000 2.41 3,000 2.41 Due After Five Years - - - - Total $ 21,000 2.01 $ 24,500 1.92 |
Note 10 - Commitments and Con31
Note 10 - Commitments and Contingent Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | (Dollars in thousands) March 31, December 31, Standby Letters of Credit $ 38,072 $ 55,105 Performance Letters of Credit 3,256 4,339 Construction Mortgages 33,585 30,619 Personal Lines of Credit 6,375 6,183 Overdraft Protection Lines 6,142 6,167 Home Equity Lines of Credit 17,097 16,337 Commercial Lines of Credit 70,781 62,088 $ 175,308 $ 180,838 |
Note 11 - Fair Value Disclosu32
Note 11 - Fair Value Disclosure (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | (Dollars in thousands) Fair Value March 31, December 31, Available for Sales Securities: U.S. Government Agencies Level II $ 64,927 $ 65,888 Obligations of States and Political Subdivisions Level II 38,673 38,988 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 16,001 16,978 Equity Securities - Mutual Funds Level I 495 503 Equity Securities - Other Level I 1,382 1,226 Total Available for Sale Securities $ 121,478 $ 123,583 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (Dollars in thousands) Fair Value at Significant Financial Asset Fair Value March 31, December 31, Valuation Significant Unobservable Impaired Loans Level III $ 1,395 $ 2,866 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III - 321 Market Comparable Properties Marketability Discount 10% to 50% (1) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (Dollars in thousands) March 31, 2018 December 31, 2017 Fair Value Carrying Fair Carrying Fair Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 1,937 $ 1,937 $ 11,685 $ 11,685 Non-Interest Bearing Level I 11,545 11,545 8,937 8,937 Investment Securities: Available for Sale See Above 121,478 121,478 123,583 123,583 Loans, Net Level III 772,195 770,718 735,596 741,020 Restricted Stock Level II 6,509 6,509 4,340 4,340 Bank-Owned Life Insurance Level II 18,309 18,309 19,151 19,151 Accrued Interest Receivable Level II 2,851 2,851 2,706 2,706 Financial Liabilities: Deposits Level II 754,731 752,665 773,344 772,080 Short-term Borrowings Level II 95,265 95,265 39,605 39,605 Other Borrowed Funds Level II 21,000 20,710 24,500 24,454 Accrued Interest Payable Level II 449 449 430 430 |
Note 12 - Other Noninterest E33
Note 12 - Other Noninterest Expense (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | (Dollars in thousands) Three Months Ended 2018 2017 Other Noninterest Expense Non-employee compensation $ 122 $ 100 Printing and supplies 108 103 Postage 58 66 Telephone 112 88 Charitable contributions 29 24 Dues and subscriptions 66 63 Loan expenses 93 74 Meals and entertainment 34 24 Travel 38 26 Training 13 11 Miscellaneous 192 231 Total Other Noninterest Expense $ 865 $ 810 |
Note 1 - Summary of Significa34
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2018 | Jan. 01, 2018 | |||
Provision for Loan and Lease Losses, Total | $ 1,500,000 | $ 420,000 | ||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 1,527,000 | 2,434,000 | ||||
Income Tax Expense (Benefit), Total | [1] | 167,000 | 730,000 | |||
Net Income (Loss) Attributable to Parent, Total | 1,360,000 | 1,704,000 | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | [2] | |||||
Equity Securities, FV-NI, Realized Gain (Loss) from Adoption of New Accounting Standard | (25,000) | [3] | ||||
Accounting Standards Update 2016-01 [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 40,000 | |||||
Correction of Error with Collateral Position on Commercial and Industrial Classified Loan Relationship [Member] | ||||||
Provision for Loan and Lease Losses, Total | 300,000 | |||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | (300,000) | |||||
Income Tax Expense (Benefit), Total | (63,000) | |||||
Net Income (Loss) Attributable to Parent, Total | $ (237,000) | |||||
Earnings Per Share, Basic and Diluted, Total | $ (0.06) | |||||
Overstatement of Quarterly Results [Member] | ||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | $ 237,000 | |||||
Scenario, Forecast [Member] | ||||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | |||||
[1] | See Note 1 – Income Taxes for further details on the reduction of the effective tax rate. | |||||
[2] | Reclassification due to the adoption of ASU 2016-01. See Note 1 for additional information. | |||||
[3] | Not within the scope of ASC 606. |
Note 2 - Merger (Details Textua
Note 2 - Merger (Details Textual) - USD ($) | Apr. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Assets, Total | $ 965,838,000 | $ 934,486,000 | ||
Loans and Leases Receivable, Net Amount, Total | 772,195,000 | 735,596,000 | ||
Deposits, Total | 754,731,000 | 773,344,000 | ||
First West Virginia Bancorp [Member] | ||||
Assets, Total | 338,000,000 | |||
Loans and Leases Receivable, Net Amount, Total | 98,000,000 | |||
Deposits, Total | $ 284,000,000 | |||
First West Virginia Bancorp [Member] | ||||
Business Combination, Acquisition Related Costs | $ 24,000 | |||
First West Virginia Bancorp [Member] | Scenario, Forecast [Member] | ||||
Business Combination, Percentage of Ownership Held by Acquirer After Transaction Closed | 76.00% | |||
Business Combination, Percentage of Ownership Held by Acquiree After Transaction Closed | 24.00% | |||
First West Virginia Bancorp [Member] | Subsequent Event [Member] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,317,647 | |||
Payments to Acquire Businesses, Gross | $ 9,800,000 | |||
Business Combination, Consideration Transferred, Total | 49,000,000 | |||
Business Combination, Acquisition Related Costs | $ 380,000 |
Note 3 - Earnings Per Share - B
Note 3 - Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - $ / shares | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Weighted-Average Common Shares Outstanding (in shares) | 4,363,346 | 4,363,346 |
Average Treasury Stock Shares (in shares) | (267,054) | (276,057) |
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share (in shares) | 4,096,292 | 4,087,289 |
Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share (in shares) | 37,931 | 10,987 |
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share (in shares) | 4,134,223 | 4,098,276 |
Earnings per share: | ||
Basic (in dollars per share) | $ 0.33 | $ 0.42 |
Diluted (in dollars per share) | $ 0.33 | $ 0.42 |
Note 4 - Revenue Recognition 37
Note 4 - Revenue Recognition from Contracts with Customers (Details Textual) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Wealth Management Referral Fees, Check Sales, and Safety Deposit Box Rentals [Member] | |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 42,000 |
Bank Owned Life Insurance Policy Claims and Loan Servicing Fees [Member] | |
Revenues, Total | $ 391,000 |
Note 4 - Revenue Recognition 38
Note 4 - Revenue Recognition from Contracts with Customers - Impact of the Accounting Standard on Revenue Streams (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | |||
NONINTEREST INCOME | ||||
Other | $ 29 | [1] | $ 30 | |
Total | 2,086 | 2,076 | ||
NONINTEREST EXPENSE | ||||
Other Real Estate Owned Expense | 7 | 5 | ||
Total | 6,667 | 6,217 | ||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 1,527 | 2,434 | ||
Income Tax Expense (Benefit), Total | [2] | 167 | 730 | |
Net Income (Loss) Attributable to Parent, Total | 1,360 | 1,704 | ||
Comprehensive Income | $ (61) | $ 1,888 | ||
Basic earnings per share (in dollars per share) | $ 0.33 | $ 0.42 | ||
Diluted earnings per share (in dollars per share) | $ 0.33 | $ 0.42 | ||
Accounting Standards Update 2014-09 [Member] | ||||
NONINTEREST INCOME | ||||
Other | $ 29 | |||
Total | 1,984 | |||
NONINTEREST EXPENSE | ||||
Other Real Estate Owned Expense | 7 | |||
Total | 7 | |||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 1,991 | |||
Income Tax Expense (Benefit), Total | 418 | |||
Net Income (Loss) Attributable to Parent, Total | 1,360 | |||
Comprehensive Income | ||||
Basic earnings per share (in dollars per share) | $ 0.33 | |||
Diluted earnings per share (in dollars per share) | $ 0.33 | |||
Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | ||||
NONINTEREST INCOME | ||||
Other | $ 29 | |||
Total | 1,989 | |||
NONINTEREST EXPENSE | ||||
Other Real Estate Owned Expense | 7 | |||
Total | 7 | |||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 1,996 | |||
Income Tax Expense (Benefit), Total | 419 | |||
Net Income (Loss) Attributable to Parent, Total | 1,364 | |||
Comprehensive Income | ||||
Basic earnings per share (in dollars per share) | $ 0.33 | |||
Diluted earnings per share (in dollars per share) | $ 0.33 | |||
Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | ||||
NONINTEREST INCOME | ||||
Other | ||||
Total | (5) | |||
NONINTEREST EXPENSE | ||||
Other Real Estate Owned Expense | ||||
Total | ||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | (5) | |||
Income Tax Expense (Benefit), Total | (1) | |||
Net Income (Loss) Attributable to Parent, Total | (4) | |||
Comprehensive Income | ||||
Basic earnings per share (in dollars per share) | ||||
Diluted earnings per share (in dollars per share) | ||||
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 591 | $ 584 | ||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | [3] | 591 | ||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 591 | |||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | ||||
Insurance Commissions [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 931 | 1,086 | ||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 931 | |||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 936 | |||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | (5) | |||
Financial Service, Other [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 433 | $ 104 | ||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | [4] | 433 | ||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 433 | |||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | ||||
[1] | Not within the scope of ASC 606. | |||
[2] | See Note 1 – Income Taxes for further details on the reduction of the effective tax rate. | |||
[3] | Interchange fees and ATM fees are included within this line item. | |||
[4] | The Other Commissions category includes wealth management referral fees, check sales and safety deposit box rentals totaling $42,000, which is in the scope of ASC 606; the remaining balance of $391,000 represents income derived from a bank-owned life insurance policy claim and loan servicing fees, which are outside the scope of ASC 606. |
Note 4 - Revenue Recognition 39
Note 4 - Revenue Recognition from Contracts with Customers - Sources of Non-interest Income (Details) - USD ($) | 3 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | |||
NONINTEREST INCOME | ||||
Net Gains on Sales of Loans | $ 8,000 | [1] | $ 90,000 | |
Net gains on sales of investments | [1] | 52,000 | ||
Fair Value of Equity Securities | (25,000) | [1] | ||
Net Gains on Purchased Tax Credits | 11,000 | [1] | 14,000 | |
Income from Bank-Owned Life Insurance | 108,000 | [1] | 116,000 | |
Other | 29,000 | [1] | 30,000 | |
Total | 2,086,000 | 2,076,000 | ||
NONINTEREST EXPENSE | ||||
Other Real Estate Owned Expense | 7,000 | 5,000 | ||
Total non-interest expense | 6,667,000 | 6,217,000 | ||
Net non-interest income | 2,079,000 | |||
Accounting Standards Update 2014-09 [Member] | ||||
NONINTEREST INCOME | ||||
Other | 29,000 | |||
Total | 1,984,000 | |||
NONINTEREST EXPENSE | ||||
Other Real Estate Owned Expense | 7,000 | |||
Total non-interest expense | 7,000 | |||
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 591,000 | 584,000 | ||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | [2] | 591,000 | ||
Insurance Commissions [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 931,000 | 1,086,000 | ||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 931,000 | |||
Financial Service, Other [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 433,000 | $ 104,000 | ||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | [3] | $ 433,000 | ||
[1] | Not within the scope of ASC 606. | |||
[2] | Interchange fees and ATM fees are included within this line item. | |||
[3] | The Other Commissions category includes wealth management referral fees, check sales and safety deposit box rentals totaling $42,000, which is in the scope of ASC 606; the remaining balance of $391,000 represents income derived from a bank-owned life insurance policy claim and loan servicing fees, which are outside the scope of ASC 606. |
Note 5 - Investment Securitie40
Note 5 - Investment Securities (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance | $ 0 | $ 0 |
Note 5 - Investment Securitie41
Note 5 - Investment Securities - Amortized Cost and Fair Value of Investment Securities Available-for-sale (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Securities available-for-sale, amortized cost | $ 125,009 | $ 125,281 |
Securities available-for-sale, gross unrealized gains | 164 | 310 |
Securities available-for-sale, gross unrealized losses | (3,695) | (2,008) |
Securities available-for-sale, fair value | 121,478 | 123,583 |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 67,583 | 67,603 |
Securities available-for-sale, gross unrealized gains | ||
Securities available-for-sale, gross unrealized losses | (2,656) | (1,715) |
Securities available-for-sale, fair value | 64,927 | 65,888 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 39,172 | 38,867 |
Securities available-for-sale, gross unrealized gains | 110 | 255 |
Securities available-for-sale, gross unrealized losses | (609) | (134) |
Securities available-for-sale, fair value | 38,673 | 38,988 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available-for-sale, amortized cost | 16,393 | 17,123 |
Securities available-for-sale, gross unrealized gains | ||
Securities available-for-sale, gross unrealized losses | (392) | (145) |
Securities available-for-sale, fair value | 16,001 | 16,978 |
Equity Securities - Mutual Funds [Member] | ||
Securities available-for-sale, amortized cost | 500 | 500 |
Securities available-for-sale, gross unrealized gains | 3 | |
Securities available-for-sale, gross unrealized losses | (5) | |
Securities available-for-sale, fair value | 495 | 503 |
Equity Securities [Member] | ||
Securities available-for-sale, amortized cost | 1,361 | 1,188 |
Securities available-for-sale, gross unrealized gains | 54 | 52 |
Securities available-for-sale, gross unrealized losses | (33) | (14) |
Securities available-for-sale, fair value | $ 1,382 | $ 1,226 |
Note 5 - Investment Securitie42
Note 5 - Investment Securities - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position (Details) $ in Thousands | Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) |
Securities in continuous unrealized loss position, less than twelve months, number of securities | 64 | 41 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 63,911 | $ 51,302 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (1,436) | $ (422) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 26 | 26 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 45,842 | $ 46,533 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (2,259) | $ (1,586) |
Securities in continuous unrealized loss position, number of securities | 90 | 67 |
Securities in continuous unrealized loss position, fair value | $ 109,753 | $ 97,835 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (3,695) | $ (2,008) |
US Government Agencies Debt Securities [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 7 | 7 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 23,434 | $ 23,805 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (587) | $ (223) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 16 | 16 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 41,494 | $ 42,083 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (2,069) | $ (1,492) |
Securities in continuous unrealized loss position, number of securities | 23 | 23 |
Securities in continuous unrealized loss position, fair value | $ 64,928 | $ 65,888 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (2,656) | $ (1,715) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 42 | 20 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 23,495 | $ 10,061 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (427) | $ (47) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 9 | 9 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 4,295 | $ 4,397 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (182) | $ (87) |
Securities in continuous unrealized loss position, number of securities | 51 | 29 |
Securities in continuous unrealized loss position, fair value | $ 27,790 | $ 14,458 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (609) | $ (134) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 9 | 9 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 16,001 | $ 16,978 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (392) | $ (145) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | ||
Securities in continuous unrealized loss position, twelve months or more, fair value | ||
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | ||
Securities in continuous unrealized loss position, number of securities | 9 | 9 |
Securities in continuous unrealized loss position, fair value | $ 16,001 | $ 16,978 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (392) | $ (145) |
Equity Securities - Mutual Funds [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 1 | |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 495 | |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (5) | |
Securities in continuous unrealized loss position, twelve months or more, number of securities | ||
Securities in continuous unrealized loss position, twelve months or more, fair value | ||
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | ||
Securities in continuous unrealized loss position, number of securities | 1 | |
Securities in continuous unrealized loss position, fair value | $ 495 | |
Securities in continuous unrealized loss position, gross unrealized losses | $ (5) | |
Equity Securities [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 5 | 5 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 486 | $ 458 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (25) | $ (7) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 1 | 1 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 53 | $ 53 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (8) | $ (7) |
Securities in continuous unrealized loss position, number of securities | 6 | 6 |
Securities in continuous unrealized loss position, fair value | $ 539 | $ 511 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (33) | $ (14) |
Note 5 - Investment Securitie43
Note 5 - Investment Securities - Maturities of Investment Securities Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Due in one year or less, amortized cost | $ 421 | |
Due in one year or less, fair value | 421 | |
Due after one year through five years, amortized cost | 30,926 | |
Due after one year through five years, fair value | 30,171 | |
Due after five years through ten years, amortized cost | 68,773 | |
Due after five years through ten years, fair value | 66,532 | |
Due after ten years, amortized cost | 24,889 | |
Due after ten years, fair value | 24,354 | |
Total, amortized cost | 125,009 | $ 125,281 |
Total, fair value | $ 121,478 | $ 123,583 |
Note 6 - Loans and Related Al44
Note 6 - Loans and Related Allowance for Loan Losses (Details Textual) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2018USD ($) | Mar. 31, 2017 | Dec. 31, 2017USD ($) | |
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | $ 973,000 | $ 808,000 | |
Real Estate Loans Serviced for Others | 93,800,000 | 95,400,000 | |
Loans and Leases Receivable, Gross, Total | 781,091,000 | 744,392,000 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 759,000 | $ 1,500,000 | |
Financing Receivable, TDRs, Number of Contracts | 13 | 16 | |
Financing Receivable, Modifications, Recorded Investment | $ 3,900,000 | $ 4,500,000 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 95,238,000 | $ 107,835,000 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Loans and Leases Receivable, Gross, Total | 251,189,000 | 209,037,000 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross, Total | 115,972,000 | 114,557,000 | |
Originated Loans [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 657,775,000 | $ 614,898,000 | |
Financing Receivable, TDRs, Number of Contracts | 6 | 8 | |
Financing Receivable, Modifications, Recorded Investment | $ 2,200,000 | $ 2,600,000 | |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 86,972,000 | 100,294,000 | |
Financing Receivable, Modifications, Number of Termed Out | 1 | ||
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 205,929,000 | 160,235,000 | |
Originated Loans [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 115,785,000 | 114,358,000 | |
Financing Receivable Modifications Number of Contracts Paid Off | 1 | ||
Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 123,316,000 | $ 129,494,000 | |
Financing Receivable, TDRs, Number of Contracts | 7 | 8 | |
Financing Receivable, Modifications, Recorded Investment | $ 1,700,000 | $ 1,900,000 | |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 8,266,000 | 7,541,000 | |
Financing Receivable Modifications Number of Contracts Paid Off | 1 | ||
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 45,260,000 | 48,802,000 | |
Financing Receivable Modifications Number of Contracts Paid Off | 1 | ||
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross, Total | 187,000 | 199,000 | |
Unlikely to be Collected Financing Receivable [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 0 | $ 0 |
Note 6 - Loans and Related Al45
Note 6 - Loans and Related Allowance for Loan Loss - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Loans | $ 781,091 | $ 744,392 |
Loans, percent | 100.00% | 100.00% |
Allowance for loan losses | $ (8,896) | $ (8,796) |
Loans, Net | 772,195 | 735,596 |
Originated Loans [Member] | ||
Loans | $ 657,775 | $ 614,898 |
Loans, percent | 100.00% | 100.00% |
Allowance for loan losses | $ (8,201) | $ (8,215) |
Loans, Net | 649,574 | 606,683 |
Acquired Loans [Member] | ||
Loans | $ 123,316 | $ 129,494 |
Loans, percent | 100.00% | 100.00% |
Allowance for loan losses | $ (695) | $ (581) |
Loans, Net | 122,621 | 128,913 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | $ 278,771 | $ 273,438 |
Loans, percent | 35.70% | 36.70% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | $ 209,168 | $ 200,486 |
Loans, percent | 31.90% | 32.60% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | $ 69,603 | $ 72,952 |
Loans, percent | 56.40% | 56.30% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | $ 251,189 | $ 209,037 |
Loans, percent | 32.20% | 28.10% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | $ 205,929 | $ 160,235 |
Loans, percent | 31.30% | 26.10% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | $ 45,260 | $ 48,802 |
Loans, percent | 36.70% | 37.70% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans | $ 95,238 | $ 107,835 |
Loans, percent | 12.20% | 14.50% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans | $ 86,972 | $ 100,294 |
Loans, percent | 13.20% | 16.30% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans | $ 8,266 | $ 7,541 |
Loans, percent | 6.70% | 5.80% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | $ 24,587 | $ 36,149 |
Loans, percent | 3.10% | 4.90% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | $ 24,587 | $ 36,149 |
Loans, percent | 3.70% | 5.90% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | $ 24,587 | $ 36,149 |
Consumer Portfolio Segment [Member] | ||
Loans | $ 115,972 | $ 114,557 |
Loans, percent | 14.80% | 15.40% |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | $ 115,785 | $ 114,358 |
Loans, percent | 17.60% | 18.60% |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans | $ 187 | $ 199 |
Loans, percent | 0.20% | 0.20% |
Unallocated Financing Receivables [Member] | ||
Loans | $ 15,334 | $ 3,376 |
Loans, percent | 2.00% | 0.40% |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | ||
Loans | $ 15,334 | $ 3,376 |
Loans, percent | 2.30% | 0.50% |
Note 6 - Loans and Related Al46
Note 6 - Loans and Related Allowance for Loan Losses - Credit Quality Information (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Loans | $ 781,091 | $ 744,392 |
Pass [Member] | ||
Loans | 746,988 | 702,779 |
Special Mention [Member] | ||
Loans | 26,029 | 30,661 |
Substandard [Member] | ||
Loans | 6,844 | 8,963 |
Doubtful [Member] | ||
Loans | 1,230 | 1,989 |
Originated Loans [Member] | ||
Loans | 657,775 | 614,898 |
Originated Loans [Member] | Pass [Member] | ||
Loans | 631,029 | 580,837 |
Originated Loans [Member] | Special Mention [Member] | ||
Loans | 21,104 | 25,652 |
Originated Loans [Member] | Substandard [Member] | ||
Loans | 4,481 | 6,497 |
Originated Loans [Member] | Doubtful [Member] | ||
Loans | 1,161 | 1,912 |
Acquired Loans [Member] | ||
Loans | 123,316 | 129,494 |
Acquired Loans [Member] | Pass [Member] | ||
Loans | 115,959 | 121,942 |
Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 4,925 | 5,009 |
Acquired Loans [Member] | Substandard [Member] | ||
Loans | 2,363 | 2,466 |
Acquired Loans [Member] | Doubtful [Member] | ||
Loans | 69 | 77 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 278,771 | 273,438 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 275,355 | 270,045 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans | 1,015 | 1,031 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans | 2,401 | 2,362 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 209,168 | 200,486 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 207,603 | 198,869 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 1,015 | 1,031 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 550 | 586 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 69,603 | 72,952 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 67,752 | 71,176 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | 1,851 | 1,776 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 251,189 | 209,037 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 233,526 | 187,121 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans | 14,581 | 18,165 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans | 2,839 | 3,217 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans | 243 | 534 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 205,929 | 160,235 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 193,686 | 143,824 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 9,657 | 13,161 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 2,343 | 2,716 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | 243 | 534 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 45,260 | 48,802 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 39,840 | 43,297 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 4,924 | 5,004 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | 496 | 501 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans | 95,238 | 107,835 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Pass [Member] | ||
Loans | 82,840 | 92,180 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Special Mention [Member] | ||
Loans | 10,433 | 11,465 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Substandard [Member] | ||
Loans | 1,021 | 2,778 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Doubtful [Member] | ||
Loans | 944 | 1,412 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans | 86,972 | 100,294 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 74,660 | 84,910 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 10,432 | 11,460 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 1,005 | 2,589 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | 875 | 1,335 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans | 8,266 | 7,541 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 8,180 | 7,270 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 1 | 5 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | 16 | 189 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | 69 | 77 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 24,587 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 35,571 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans | 535 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans | 43 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 24,587 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 24,024 | 35,571 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 520 | 535 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | 43 | 43 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 24,587 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 24,024 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | 520 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | 43 | |
Consumer Portfolio Segment [Member] | ||
Loans | 115,972 | 114,557 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans | 115,909 | 114,486 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 63 | 71 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | 115,785 | 114,358 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 115,722 | 114,287 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 63 | 71 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans | 187 | 199 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 187 | 199 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | ||
Loans | 15,334 | 3,376 |
Other Portfolio Segment [Member] | Pass [Member] | ||
Loans | 15,334 | 3,376 |
Other Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Substandard [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | 15,334 | 3,376 |
Other Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 15,334 | 3,376 |
Other Portfolio Segment [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans |
Note 6 - Loans and Related Al47
Note 6 - Loans and Related Allowance for Loan Losses - Loans by Aging Categories (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Mar. 30, 2018 | Dec. 31, 2017 |
Loans current | $ 775,522 | $ 735,603 | |
Past due | 2,877 | 4,869 | |
Non-accrual | 2,692 | 3,920 | |
Loans | 781,091 | 744,392 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 2,800 | 2,830 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 62 | 1,871 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 15 | 168 | |
Originated Loans [Member] | |||
Loans current | 653,973 | 607,821 | |
Past due | 2,106 | 4,072 | |
Non-accrual | 1,696 | $ 1,696 | 3,005 |
Loans | 657,775 | 614,898 | |
Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 2,029 | 2,355 | |
Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 62 | 1,691 | |
Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 15 | 26 | |
Acquired Loans [Member] | |||
Loans current | 121,549 | 127,782 | |
Past due | 771 | 797 | |
Non-accrual | 996 | 996 | 915 |
Loans | 123,316 | 129,494 | |
Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 771 | 475 | |
Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 180 | ||
Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 142 | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Loans current | 276,010 | 269,897 | |
Past due | 1,291 | 2,118 | |
Non-accrual | 1,470 | 1,423 | |
Loans | 278,771 | 273,438 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 1,291 | 1,486 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 490 | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 142 | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Loans current | 207,527 | 198,564 | |
Past due | 1,151 | 1,398 | |
Non-accrual | 490 | 490 | 524 |
Loans | 209,168 | 200,486 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 1,151 | 1,088 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 310 | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Loans current | 68,483 | 71,333 | |
Past due | 140 | 720 | |
Non-accrual | 980 | 980 | 899 |
Loans | 69,603 | 72,952 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 140 | 398 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 180 | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 142 | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Loans current | 251,125 | 208,749 | |
Past due | 64 | ||
Non-accrual | 288 | ||
Loans | 251,189 | 209,037 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 64 | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Loans current | 205,865 | 159,947 | |
Past due | 64 | ||
Non-accrual | 288 | ||
Loans | 205,929 | 160,235 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 64 | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Loans current | 45,260 | 48,802 | |
Past due | |||
Non-accrual | |||
Loans | 45,260 | 48,802 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Loans current | 93,490 | 104,311 | |
Past due | 631 | 1,429 | |
Non-accrual | 1,117 | 2,095 | |
Loans | 95,238 | 107,835 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 631 | 202 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 1,227 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | |||
Loans current | 85,871 | 96,863 | |
Past due | 1,352 | ||
Non-accrual | 1,101 | 1,101 | 2,079 |
Loans | 86,972 | 100,294 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 125 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 1,227 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | |||
Loans current | 7,619 | 7,448 | |
Past due | 631 | 77 | |
Non-accrual | 16 | 16 | 16 |
Loans | 8,266 | 7,541 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 631 | 77 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Loans | 24,587 | 36,149 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Loans current | 24,544 | 36,106 | |
Past due | |||
Non-accrual | 43 | 43 | 43 |
Loans | 24,587 | 36,149 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | |||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Loans current | 24,544 | 36,106 | |
Past due | |||
Non-accrual | 43 | 43 | |
Loans | 24,587 | 36,149 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | |||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Consumer Portfolio Segment [Member] | |||
Loans current | 115,019 | 113,164 | |
Past due | 891 | 1,322 | |
Non-accrual | 62 | 71 | |
Loans | 115,972 | 114,557 | |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 814 | 1,142 | |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 62 | 154 | |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 15 | 26 | |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Loans current | 114,832 | 112,965 | |
Past due | 891 | 1,322 | |
Non-accrual | 62 | $ 62 | 71 |
Loans | 115,785 | 114,358 | |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 814 | 1,142 | |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 62 | 154 | |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 15 | 26 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Loans current | 187 | 199 | |
Past due | |||
Non-accrual | |||
Loans | 187 | 199 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | |||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Other Portfolio Segment [Member] | |||
Loans current | 15,334 | 3,376 | |
Past due | |||
Non-accrual | |||
Loans | 15,334 | 3,376 | |
Other Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | |||
Other Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Other Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | |||
Other Portfolio Segment [Member] | Originated Loans [Member] | |||
Loans current | 15,334 | 3,376 | |
Past due | |||
Non-accrual | |||
Loans | 15,334 | 3,376 | |
Other Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | |||
Other Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | |||
Other Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due |
Note 6 - Loans and Related Al48
Note 6 - Loans and Related Allowance for Loan Loss - Nonperforming Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 30, 2018 | Dec. 31, 2017 | Mar. 31, 2018 | |
Non-accrual | $ 3,920 | $ 2,692 | |
Total Nonperforming Loans | 744,392 | 781,091 | |
Total Nonperforming Assets | $ 934,486 | 965,838 | |
Nonperforming Loans to Total Loans | 0.72% | 0.97% | |
Nonperforming Assets to Total Assets | 0.60% | 0.81% | |
Nonperforming Financial Instruments [Member] | |||
Non-accrual | $ 2,692 | $ 3,920 | |
Accruing loans past due 90 days or more | 15 | 168 | |
Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due | 2,707 | 4,088 | |
Nonperforming loans | 2,951 | 3,163 | |
Total Nonperforming Loans | 5,658 | 7,251 | |
Total Real Estate Owned | 174 | 326 | |
Total Nonperforming Assets | 5,832 | 7,577 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Non-accrual | 1,423 | 1,470 | |
Total Nonperforming Loans | 273,438 | 278,771 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Total Real Estate Owned | 152 | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Non-accrual | 288 | ||
Total Nonperforming Loans | 209,037 | 251,189 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Total Real Estate Owned | 174 | 174 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Non-accrual | 2,095 | 1,117 | |
Total Nonperforming Loans | 107,835 | 95,238 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Total Nonperforming Loans | 36,149 | 24,587 | |
Consumer Portfolio Segment [Member] | |||
Non-accrual | 71 | 62 | |
Total Nonperforming Loans | 114,557 | 115,972 | |
Other Portfolio Segment [Member] | |||
Non-accrual | |||
Total Nonperforming Loans | 3,376 | 15,334 | |
Originated Loans [Member] | |||
Non-accrual | 1,696 | 3,005 | 1,696 |
Accruing loans past due 90 days or more | 15 | 26 | |
Total Nonperforming Loans | 614,898 | 657,775 | |
Originated Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Nonperforming loans | 1,291 | 1,307 | |
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Non-accrual | 490 | 524 | 490 |
Nonperforming loans | 29 | 30 | |
Total Nonperforming Loans | 200,486 | 209,168 | |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Non-accrual | 288 | ||
Nonperforming loans | 1,257 | 1,271 | |
Total Nonperforming Loans | 160,235 | 205,929 | |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Non-accrual | 1,101 | 2,079 | 1,101 |
Accruing loans past due 90 days or more | 5 | 5 | |
Total Nonperforming Loans | 100,294 | 86,972 | |
Originated Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Non-accrual | 43 | 43 | 43 |
Total Nonperforming Loans | 36,149 | 24,587 | |
Originated Loans [Member] | Consumer Portfolio Segment [Member] | |||
Non-accrual | 62 | 71 | 62 |
Accruing loans past due 90 days or more | 15 | 26 | |
Total Nonperforming Loans | 114,358 | 115,785 | |
Originated Loans [Member] | Other Portfolio Segment [Member] | |||
Non-accrual | |||
Nonperforming loans | 1 | ||
Total Nonperforming Loans | 3,376 | 15,334 | |
Acquired Loans [Member] | |||
Non-accrual | 996 | 915 | 996 |
Accruing loans past due 90 days or more | 142 | ||
Nonperforming loans | 1,660 | 1,856 | |
Total Nonperforming Loans | 129,494 | 123,316 | |
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Non-accrual | 980 | 899 | 980 |
Accruing loans past due 90 days or more | 142 | ||
Nonperforming loans | 1,246 | 1,257 | |
Total Nonperforming Loans | 72,952 | 69,603 | |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Non-accrual | |||
Nonperforming loans | 414 | 426 | |
Total Nonperforming Loans | 48,802 | 45,260 | |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Non-accrual | 16 | 16 | 16 |
Nonperforming loans | 173 | ||
Total Nonperforming Loans | 7,541 | 8,266 | |
Acquired Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Non-accrual | 43 | 43 | |
Total Nonperforming Loans | 36,149 | 24,587 | |
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | |||
Non-accrual | |||
Total Nonperforming Loans | $ 199 | $ 187 |
Note 6 - Loans and Related Al49
Note 6 - Loans and Related Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Recorded investment - with no related allowance | $ 5,474,000 | $ 6,185,000 |
Unpaid principal balance - with no related allowance | 5,477,000 | 6,187,000 |
Average recorded investment - with no related allowance | 5,545,000 | 6,664,000 |
Interest income recognzied - with no related allowance | 67,000 | 290,000 |
Recorded investment - with related allowance | 4,484,000 | |
Related allowance | 862,000 | 1,618,000 |
Unpaid principal balance - with related allowance | 2,300,000 | 4,576,000 |
Average recorded investment - with related allowance | 4,953,000 | |
Interest income recognized - with related allowance | 228,000 | |
Recorded investment | 7,731,000 | 10,669,000 |
Unpaid principal balance | 7,814,000 | 10,763,000 |
Average recorded investment | 7,886,000 | 11,617,000 |
Interest income recognized | 95,000 | 518,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 1,330,000 | 1,346,000 |
Unpaid principal balance - with no related allowance | 1,333,000 | 1,348,000 |
Average recorded investment - with no related allowance | 1,340,000 | 1,392,000 |
Interest income recognzied - with no related allowance | 17,000 | 69,000 |
Recorded investment | 1,330,000 | 1,346,000 |
Unpaid principal balance | 1,333,000 | 1,348,000 |
Average recorded investment | 1,340,000 | 1,392,000 |
Interest income recognized | 17,000 | 69,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 2,971,000 | 3,069,000 |
Unpaid principal balance - with no related allowance | 2,971,000 | 3,069,000 |
Average recorded investment - with no related allowance | 3,015,000 | 3,262,000 |
Interest income recognzied - with no related allowance | 36,000 | 155,000 |
Related allowance | 200,000 | 351,000 |
Recorded investment | 3,862,000 | 4,549,000 |
Unpaid principal balance | 3,862,000 | 4,549,000 |
Average recorded investment | 3,911,000 | 4,771,000 |
Interest income recognized | 48,000 | 220,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 609,000 | 1,191,000 |
Unpaid principal balance - with no related allowance | 609,000 | 1,191,000 |
Average recorded investment - with no related allowance | 620,000 | 1,378,000 |
Interest income recognzied - with no related allowance | 7,000 | 40,000 |
Related allowance | 662,000 | 1,267,000 |
Recorded investment | 1,975,000 | 4,195,000 |
Unpaid principal balance | 2,055,000 | 4,287,000 |
Average recorded investment | 2,065,000 | 4,822,000 |
Interest income recognized | 23,000 | 203,000 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 564,000 | 578,000 |
Unpaid principal balance - with no related allowance | 564,000 | 578,000 |
Average recorded investment - with no related allowance | 570,000 | 629,000 |
Interest income recognzied - with no related allowance | 7,000 | 26,000 |
Recorded investment | 564,000 | 578,000 |
Unpaid principal balance | 564,000 | 578,000 |
Average recorded investment | 570,000 | 629,000 |
Interest income recognized | 7,000 | 26,000 |
Unallocated Financing Receivables [Member] | ||
Recorded investment - with no related allowance | 1,000 | |
Unpaid principal balance - with no related allowance | 1,000 | |
Average recorded investment - with no related allowance | 3,000 | |
Interest income recognzied - with no related allowance | ||
Recorded investment | 1,000 | |
Unpaid principal balance | 1,000 | |
Average recorded investment | 3,000 | |
Interest income recognized | ||
Consumer Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with related allowance | 3,004,000 | |
Related allowance | 1,267,000 | |
Unpaid principal balance - with related allowance | 3,096,000 | |
Average recorded investment - with related allowance | 3,444,000 | |
Interest income recognized - with related allowance | 163,000 | |
Originated Loans [Member] | ||
Recorded investment - with no related allowance | 3,233,000 | 3,812,000 |
Unpaid principal balance - with no related allowance | 3,236,000 | 3,814,000 |
Average recorded investment - with no related allowance | 3,286,000 | 4,101,000 |
Interest income recognzied - with no related allowance | 38,000 | 162,000 |
Recorded investment - with related allowance | 2,257,000 | 4,407,000 |
Related allowance | 862,000 | 1,615,000 |
Unpaid principal balance - with related allowance | 2,337,000 | 4,499,000 |
Average recorded investment - with related allowance | 2,341,000 | 4,855,000 |
Interest income recognized - with related allowance | 28,000 | 224,000 |
Recorded investment | 5,490,000 | 8,219,000 |
Unpaid principal balance | 5,573,000 | 8,313,000 |
Average recorded investment | 5,627,000 | 8,956,000 |
Interest income recognized | 66,000 | 386,000 |
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 84,000 | 89,000 |
Unpaid principal balance - with no related allowance | 87,000 | 91,000 |
Average recorded investment - with no related allowance | 89,000 | 114,000 |
Interest income recognzied - with no related allowance | 1,000 | 4,000 |
Recorded investment | 84,000 | 89,000 |
Unpaid principal balance | 87,000 | 91,000 |
Average recorded investment | 89,000 | 114,000 |
Interest income recognized | 1,000 | 4,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 2,061,000 | 2,142,000 |
Unpaid principal balance - with no related allowance | 2,061,000 | 2,142,000 |
Average recorded investment - with no related allowance | 2,096,000 | 2,297,000 |
Interest income recognzied - with no related allowance | 24,000 | 104,000 |
Recorded investment - with related allowance | 891,000 | 1,480,000 |
Related allowance | 200,000 | 351,000 |
Unpaid principal balance - with related allowance | 891,000 | 1,480,000 |
Average recorded investment - with related allowance | 896,000 | 1,509,000 |
Interest income recognized - with related allowance | 12,000 | 65,000 |
Recorded investment | 2,952,000 | 3,622,000 |
Unpaid principal balance | 2,952,000 | 3,622,000 |
Average recorded investment | 2,992,000 | 3,806,000 |
Interest income recognized | 36,000 | 169,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 524,000 | 1,002,000 |
Unpaid principal balance - with no related allowance | 524,000 | 1,002,000 |
Average recorded investment - with no related allowance | 531,000 | 1,058,000 |
Interest income recognzied - with no related allowance | 6,000 | 28,000 |
Recorded investment - with related allowance | 1,366,000 | 2,927,000 |
Related allowance | 662,000 | 1,264,000 |
Unpaid principal balance - with related allowance | 1,446,000 | 3,019,000 |
Average recorded investment - with related allowance | 1,445,000 | 3,346,000 |
Interest income recognized - with related allowance | 16,000 | 159,000 |
Recorded investment | 1,890,000 | 3,929,000 |
Unpaid principal balance | 1,970,000 | 4,021,000 |
Average recorded investment | 1,976,000 | 4,404,000 |
Interest income recognized | 22,000 | 187,000 |
Originated Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 564,000 | 578,000 |
Unpaid principal balance - with no related allowance | 564,000 | 578,000 |
Average recorded investment - with no related allowance | 570,000 | 629,000 |
Interest income recognzied - with no related allowance | 7,000 | 26,000 |
Recorded investment | 564,000 | 578,000 |
Unpaid principal balance | 564,000 | 578,000 |
Average recorded investment | 570,000 | 629,000 |
Interest income recognized | 7,000 | 26,000 |
Originated Loans [Member] | Unallocated Financing Receivables [Member] | ||
Recorded investment - with no related allowance | 1,000 | |
Unpaid principal balance - with no related allowance | 1,000 | |
Average recorded investment - with no related allowance | 3,000 | |
Interest income recognzied - with no related allowance | ||
Recorded investment | 1,000 | |
Unpaid principal balance | 1,000 | |
Average recorded investment | 3,000 | |
Interest income recognized | ||
Acquired Loans [Member] | ||
Recorded investment - with no related allowance | 2,241,000 | 2,373,000 |
Unpaid principal balance - with no related allowance | 2,241,000 | 2,373,000 |
Average recorded investment - with no related allowance | 2,259,000 | 2,563,000 |
Interest income recognzied - with no related allowance | 29,000 | 128,000 |
Recorded investment - with related allowance | 77,000 | |
Related allowance | 3,000 | |
Unpaid principal balance - with related allowance | 77,000 | |
Average recorded investment - with related allowance | 98,000 | |
Interest income recognized - with related allowance | 4,000 | |
Recorded investment | 2,241,000 | 2,450,000 |
Unpaid principal balance | 2,241,000 | 2,450,000 |
Average recorded investment | 2,259,000 | 2,661,000 |
Interest income recognized | 29,000 | 132,000 |
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 1,246,000 | 1,257,000 |
Unpaid principal balance - with no related allowance | 1,246,000 | 1,257,000 |
Average recorded investment - with no related allowance | 1,251,000 | 1,278,000 |
Interest income recognzied - with no related allowance | 16,000 | 65,000 |
Recorded investment | 1,246,000 | 1,257,000 |
Unpaid principal balance | 1,246,000 | 1,257,000 |
Average recorded investment | 1,251,000 | 1,278,000 |
Interest income recognized | 16,000 | 65,000 |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 910,000 | 927,000 |
Unpaid principal balance - with no related allowance | 910,000 | 927,000 |
Average recorded investment - with no related allowance | 919,000 | 965,000 |
Interest income recognzied - with no related allowance | 12,000 | 51,000 |
Recorded investment - with related allowance | 1,480,000 | |
Related allowance | 351,000 | |
Unpaid principal balance - with related allowance | 1,480,000 | |
Average recorded investment - with related allowance | 1,509,000 | |
Interest income recognized - with related allowance | 65,000 | |
Recorded investment | 910,000 | 927,000 |
Unpaid principal balance | 910,000 | 927,000 |
Average recorded investment | 919,000 | 965,000 |
Interest income recognized | 12,000 | 51,000 |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 85,000 | 189,000 |
Unpaid principal balance - with no related allowance | 85,000 | 189,000 |
Average recorded investment - with no related allowance | 89,000 | 320,000 |
Interest income recognzied - with no related allowance | 1,000 | 12,000 |
Recorded investment - with related allowance | 77,000 | |
Related allowance | 3,000 | |
Unpaid principal balance - with related allowance | 77,000 | |
Average recorded investment - with related allowance | 98,000 | |
Interest income recognized - with related allowance | 4,000 | |
Recorded investment | 85,000 | 266,000 |
Unpaid principal balance | 85,000 | 266,000 |
Average recorded investment | 89,000 | 418,000 |
Interest income recognized | $ 1,000 | $ 16,000 |
Note 6 - Loans and Related Al50
Note 6 - Loans and Related Allowance for Loan Losses - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | |
Beginning balance | $ 8,796 | $ 7,803 | |
Charge-offs | (1,566) | (520) | |
Recoveries | 166 | 82 | |
Provision | 1,500 | 420 | |
Ending balance | 8,896 | 7,785 | |
Individually Evaluated for Impairment | 862 | 1,247 | $ 1,618 |
Collectively Evaluated for Potential Impairment | 8,034 | 6,538 | 7,178 |
Individually Evaluated for Impairment | 862 | 1,247 | 1,618 |
Collectively Evaluated for Potential Impairment | 8,034 | 6,538 | 7,178 |
Originated Loans [Member] | |||
Beginning balance | 8,215 | 7,283 | |
Charge-offs | (1,566) | (327) | |
Recoveries | 51 | 80 | |
Provision | 1,500 | 170 | |
Ending balance | 8,200 | 7,206 | |
Individually Evaluated for Impairment | 862 | 1,086 | 1,615 |
Collectively Evaluated for Potential Impairment | 7,338 | 6,120 | 6,600 |
Individually Evaluated for Impairment | 862 | 1,086 | 1,615 |
Collectively Evaluated for Potential Impairment | 7,338 | 6,120 | 6,600 |
Acquired Loans [Member] | |||
Beginning balance | 581 | 520 | |
Charge-offs | (193) | ||
Recoveries | 115 | 2 | |
Provision | 250 | ||
Ending balance | 696 | 579 | |
Individually Evaluated for Impairment | 161 | 3 | |
Collectively Evaluated for Potential Impairment | 696 | ||
Individually Evaluated for Impairment | 161 | 3 | |
Collectively Evaluated for Potential Impairment | 696 | ||
Collectively Evaluated for Potential Impairment | 418 | 578 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Beginning balance | 891 | 1,106 | |
Charge-offs | (27) | (64) | |
Recoveries | 5 | 4 | |
Provision | 6 | 43 | |
Ending balance | 875 | 1,089 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 875 | 1,089 | 891 |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 875 | 1,089 | 891 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Beginning balance | 891 | 1,106 | |
Charge-offs | (27) | ||
Recoveries | 4 | 4 | |
Provision | 7 | (21) | |
Ending balance | 875 | 1,089 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 875 | 1,089 | 891 |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 875 | 1,089 | 891 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | (64) | ||
Recoveries | 1 | ||
Provision | (1) | 64 | |
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Beginning balance | 2,289 | 2,307 | |
Charge-offs | (129) | ||
Recoveries | 114 | 1 | |
Provision | 290 | 190 | |
Ending balance | 2,693 | 2,369 | |
Individually Evaluated for Impairment | 200 | 507 | 351 |
Collectively Evaluated for Potential Impairment | 2,493 | 1,862 | 1,938 |
Individually Evaluated for Impairment | 200 | 507 | 351 |
Collectively Evaluated for Potential Impairment | 2,493 | 1,862 | 1,938 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Beginning balance | 1,799 | 1,942 | |
Charge-offs | |||
Recoveries | |||
Provision | 407 | (44) | |
Ending balance | 2,206 | 1,898 | |
Individually Evaluated for Impairment | 200 | 385 | 351 |
Collectively Evaluated for Potential Impairment | 2,006 | 1,513 | 1,448 |
Individually Evaluated for Impairment | 200 | 385 | 351 |
Collectively Evaluated for Potential Impairment | 2,006 | 1,513 | 1,448 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Beginning balance | 490 | 365 | |
Charge-offs | (129) | ||
Recoveries | 114 | 1 | |
Provision | (117) | 234 | |
Ending balance | 487 | 471 | |
Individually Evaluated for Impairment | 122 | ||
Collectively Evaluated for Potential Impairment | 487 | ||
Individually Evaluated for Impairment | 122 | ||
Collectively Evaluated for Potential Impairment | 487 | ||
Collectively Evaluated for Potential Impairment | 349 | 490 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Beginning balance | 2,544 | 1,699 | |
Charge-offs | (1,398) | ||
Recoveries | 2 | 11 | |
Provision | 1,790 | 2 | |
Ending balance | 2,938 | 1,712 | |
Individually Evaluated for Impairment | 662 | 740 | 1,267 |
Collectively Evaluated for Potential Impairment | 2,276 | 972 | 1,277 |
Individually Evaluated for Impairment | 662 | 740 | 1,267 |
Collectively Evaluated for Potential Impairment | 2,276 | 972 | 1,277 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | |||
Beginning balance | 2,461 | 1,579 | |
Charge-offs | (1,398) | ||
Recoveries | 2 | 11 | |
Provision | 1,706 | 8 | |
Ending balance | 2,771 | 1,598 | |
Individually Evaluated for Impairment | 662 | 701 | 1,264 |
Collectively Evaluated for Potential Impairment | 2,109 | 897 | 1,197 |
Individually Evaluated for Impairment | 662 | 701 | 1,264 |
Collectively Evaluated for Potential Impairment | 2,109 | 897 | 1,197 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | |||
Beginning balance | 83 | 120 | |
Charge-offs | |||
Recoveries | |||
Provision | 84 | (6) | |
Ending balance | 167 | 114 | |
Individually Evaluated for Impairment | 39 | 3 | |
Collectively Evaluated for Potential Impairment | 167 | ||
Individually Evaluated for Impairment | 39 | 3 | |
Collectively Evaluated for Potential Impairment | 167 | ||
Collectively Evaluated for Potential Impairment | 75 | 80 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Beginning balance | 276 | 65 | |
Charge-offs | |||
Recoveries | |||
Provision | (120) | 18 | |
Ending balance | 156 | 83 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 156 | 83 | 276 |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 156 | 83 | 276 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Beginning balance | 276 | 65 | |
Charge-offs | |||
Recoveries | |||
Provision | (120) | 18 | |
Ending balance | 156 | 83 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 156 | 83 | 276 |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 156 | 83 | 276 |
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 | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Consumer Portfolio Segment [Member] | |||
Beginning balance | 2,358 | 2,463 | |
Charge-offs | (141) | (327) | |
Recoveries | 45 | 66 | |
Provision | (106) | 54 | |
Ending balance | 2,156 | 2,256 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 2,156 | 2,256 | 2,358 |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 2,156 | 2,256 | 2,358 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Beginning balance | 2,358 | 2,463 | |
Charge-offs | (141) | (327) | |
Recoveries | 45 | 65 | |
Provision | (106) | 55 | |
Ending balance | 2,156 | 2,256 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 2,156 | 2,256 | 2,358 |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 2,156 | 2,256 | 2,358 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | 1 | ||
Provision | (1) | ||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Other Portfolio Segment [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision | |||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Other Portfolio Segment [Member] | Originated Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision | |||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Other Portfolio Segment [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision | |||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Unallocated Financing Receivables [Member] | |||
Beginning balance | 438 | 163 | |
Charge-offs | |||
Recoveries | |||
Provision | (360) | 113 | |
Ending balance | 78 | 276 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 78 | 276 | 438 |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 78 | 276 | 438 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | |||
Beginning balance | 430 | 128 | |
Charge-offs | |||
Recoveries | |||
Provision | (394) | 154 | |
Ending balance | 36 | 282 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 36 | 282 | 430 |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 36 | 282 | 430 |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | |||
Beginning balance | 8 | 35 | |
Charge-offs | |||
Recoveries | |||
Provision | 34 | (41) | |
Ending balance | 42 | (6) | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | 42 | ||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 42 | ||
Collectively Evaluated for Potential Impairment | $ (6) | $ 8 |
Note 6 - Loans and Related Al51
Note 6 - Loans and Related Allowance for Loan Losses - Accretable Discount on Loans Acquired at Fair Value (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Balance | $ 760 |
Accretable Yield | (66) |
Nonaccretable Discount | 5 |
Balance | $ 699 |
Note 6 - Loans and Related Al52
Note 6 - Loans and Related Allowance for Loan Loss - Loans Summarized by Individually Evaluated for Impairment and Collectively Evaluated for Potential Losses (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Individually Evaluated for Impairment | $ 7,731 | $ 10,669 |
Collectively Evaluated for Potential Impairment | 773,360 | 733,723 |
Total Loans | 781,091 | 744,392 |
Originated Loans [Member] | ||
Individually Evaluated for Impairment | 5,490 | 8,219 |
Collectively Evaluated for Potential Impairment | 652,285 | 606,679 |
Total Loans | 657,775 | 614,898 |
Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 2,241 | 2,450 |
Collectively Evaluated for Potential Impairment | 121,075 | 127,044 |
Total Loans | 123,316 | 129,494 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 1,330 | 1,346 |
Collectively Evaluated for Potential Impairment | 277,441 | 272,092 |
Total Loans | 278,771 | 273,438 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 84 | 89 |
Collectively Evaluated for Potential Impairment | 209,084 | 200,397 |
Total Loans | 209,168 | 200,486 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 1,246 | 1,257 |
Collectively Evaluated for Potential Impairment | 68,357 | 71,695 |
Total Loans | 69,603 | 72,952 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 3,862 | 4,549 |
Collectively Evaluated for Potential Impairment | 247,327 | 204,488 |
Total Loans | 251,189 | 209,037 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 2,952 | 3,622 |
Collectively Evaluated for Potential Impairment | 202,977 | 156,613 |
Total Loans | 205,929 | 160,235 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 910 | 927 |
Collectively Evaluated for Potential Impairment | 44,350 | 47,875 |
Total Loans | 45,260 | 48,802 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Individually Evaluated for Impairment | 1,975 | 4,195 |
Collectively Evaluated for Potential Impairment | 93,263 | 103,640 |
Total Loans | 95,238 | 107,835 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 1,890 | 3,929 |
Collectively Evaluated for Potential Impairment | 85,082 | 96,365 |
Total Loans | 86,972 | 100,294 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 85 | 266 |
Collectively Evaluated for Potential Impairment | 8,181 | 7,275 |
Total Loans | 8,266 | 7,541 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 564 | 578 |
Collectively Evaluated for Potential Impairment | 24,023 | 35,571 |
Total Loans | 24,587 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 564 | 578 |
Collectively Evaluated for Potential Impairment | 24,023 | 35,571 |
Total Loans | 24,587 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | ||
Total Loans | 24,587 | 36,149 |
Consumer Portfolio Segment [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 115,972 | 114,557 |
Total Loans | 115,972 | 114,557 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 115,785 | 114,358 |
Total Loans | 115,785 | 114,358 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 187 | 199 |
Total Loans | 187 | 199 |
Other Portfolio Segment [Member] | ||
Individually Evaluated for Impairment | 1 | |
Collectively Evaluated for Potential Impairment | 15,334 | 3,375 |
Total Loans | 15,334 | 3,376 |
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 1 | |
Collectively Evaluated for Potential Impairment | 15,334 | 3,375 |
Total Loans | 15,334 | 3,376 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) $ in Millions | Mar. 31, 2018 | Dec. 31, 2017 |
Time Deposits, at or Above FDIC Insurance Limit | $ 54.5 | $ 52.1 |
Note 7 - Deposits - Maturities
Note 7 - Deposits - Maturities of Time Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
One Year or Less | $ 72,412 | |
Over One Through Two Years | 47,921 | |
Over Two Through Three Years | 15,833 | |
Over Three Through Four Years | 10,873 | |
Over Four Through Five Years | 8,827 | |
Over Five Years | 7,839 | |
Total | $ 163,705 | $ 164,301 |
Note 8 - Short-term Borrowing55
Note 8 - Short-term Borrowings - Federal Funds Purchased and Short-term Borrowings (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Balance at Period End, Amount | $ 95,265 | $ 39,605 |
Federal Funds Purchased [Member] | ||
Average Balance Outstanding During the Period, Amount | $ 150 | $ 75 |
Average Balance Outstanding During the Period, Weighted Average Rate | 2.70% | |
Maximum Amount Outstanding at any Month End, Amount | $ 1,500 | $ 550 |
Other Short-term Debt [Member] | ||
Average Balance Outstanding During the Period, Amount | $ 42,437 | $ 215 |
Average Balance Outstanding During the Period, Weighted Average Rate | 1.69% | 0.93% |
Maximum Amount Outstanding at any Month End, Amount | $ 75,740 | $ 13,764 |
Balance at Period End, Amount | $ 75,740 | $ 13,764 |
Balance at Period End, Weighted Average Rate | 1.87% | 1.57% |
Securities Sold under Agreements to Repurchase [Member] | ||
Average Balance Outstanding During the Period, Amount | $ 23,104 | $ 26,350 |
Average Balance Outstanding During the Period, Weighted Average Rate | 0.35% | 0.31% |
Maximum Amount Outstanding at any Month End, Amount | $ 23,228 | $ 27,951 |
Balance at Period End, Amount | $ 19,525 | $ 25,841 |
Balance at Period End, Weighted Average Rate | 0.28% | 0.26% |
Carrying Value, Amount | $ 38,776 | $ 38,953 |
Market Value, Amount | $ 37,357 | $ 38,081 |
Note 9 - Other Borrowed Funds56
Note 9 - Other Borrowed Funds (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | $ 294,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 143,100 | $ 143,100 |
Federal Reserve Bank [Member] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 99,700 | |
Long-term Line of Credit, Total | 0 | 0 |
Various Banks [Member] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 40,000 | |
Long-term Line of Credit, Total | $ 0 | $ 0 |
Note 9 - Other Borrowed Funds -
Note 9 - Other Borrowed Funds - Federal Home Loan Bank Advances (Details) - USD ($) $ in Millions | Mar. 31, 2018 | Dec. 31, 2017 |
Due in One Year, amount | $ 4 | $ 4.5 |
Due in One Year, weighted average rate | 1.67% | 1.41% |
Due After One Year to Two Years, amount | $ 6 | $ 6 |
Due After One Year to Two Years, weighted average rate | 1.88% | 1.78% |
Due After Two Years to Three Years, amount | $ 5 | $ 6 |
Due After Two Years to Three Years, weighted average rate | 2.09% | 1.97% |
Due After Three Years to Four Years, amount | $ 3 | $ 5 |
Due After Three Years to Four Years, weighted average rate | 2.23% | 2.18% |
Due After Four Years to Five Years, amount | $ 3 | $ 3 |
Due After Four Years to Five Years, weighted average rate | 2.41% | 2.41% |
Due After Five Years, amount | ||
Due After Five Years, weighted average rate | ||
Total, amount | $ 21 | $ 24.5 |
Weighted Average [Member] | ||
Total, weighted average rate | 2.01% | 1.92% |
Note 10 - Commitments and Con58
Note 10 - Commitments and Contingent Liabilities - Unused and Available Credit Balances of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financial instruments | $ 175,308 | $ 180,838 |
Financial Standby Letter of Credit [Member] | ||
Financial instruments | 38,072 | 55,105 |
Performance Guarantee [Member] | ||
Financial instruments | 3,256 | 4,339 |
Construction Mortgages [Member] | ||
Financial instruments | 33,585 | 30,619 |
Personal Line Of Credit [Member] | ||
Financial instruments | 6,375 | 6,183 |
Overdraft Protection Lines [Member] | ||
Financial instruments | 6,142 | 6,167 |
Home Equity Lines of Credit [Member] | ||
Financial instruments | 17,097 | 16,337 |
Commercial Lines Of Credit [Member] | ||
Financial instruments | $ 70,781 | $ 62,088 |
Note 11 - Fair Value Disclosu59
Note 11 - Fair Value Disclosure (Details Textual) | 3 Months Ended | ||
Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2017USD ($) | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | $ 2,300,000 | $ 4,576,000 | |
Impaired Financing Receivable, Related Allowance | 862,000 | $ 1,618,000 | |
Gains (Losses) on Sales of Other Real Estate | 12,000 | ||
Real Estate Owned, Transfer to Real Estate Owned | $ 155,000 | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Number of Loans Transferred to Other Real Estate Owned | 1 | 1 | |
Gains (Losses) on Sales of Other Real Estate | $ 12,000 | ||
Real Estate Owned, Transfer to Real Estate Owned | $ 155,000 |
Note 11 - Fair Value Disclosu60
Note 11 - Fair Value Disclosure - Assets and Liabilities Reported Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available for sale securities | $ 121,478 | $ 123,583 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 64,927 | 65,888 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 38,673 | 38,988 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 16,001 | 16,978 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities - Mutual Funds [Member] | ||
Available for sale securities | 495 | 503 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | ||
Available for sale securities | $ 1,382 | $ 1,226 |
Note 11 - Fair Value Disclosu61
Note 11 - Fair Value Disclosure - Significant Unobservable Inputs Used in the Fair Value Measurements (Details) - Fair Value, Inputs, Level 3 [Member] $ in Thousands | Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Impaired Loans | $ 1,395 | $ 2,866 | |
OREO | $ 321 | ||
Minimum [Member] | Measurement Input, Discount for Lack of Marketability [Member] | |||
Impaired Loans | [1] | 10 | |
OREO | [1] | 10 | |
Maximum [Member] | Measurement Input, Discount for Lack of Marketability [Member] | |||
Impaired Loans | [1] | 30 | |
OREO | [1] | 50 | |
[1] | Range includes discounts taken since appraisal and estimated values. |
Note 11 - Fair Value Disclosu62
Note 11 - Fair Value Disclosure - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Securities available-for-sale, fair value | $ 121,478 | $ 123,583 |
Reported Value Measurement [Member] | ||
Securities available-for-sale, fair value | 121,478 | 123,583 |
Estimate of Fair Value Measurement [Member] | ||
Securities available-for-sale, fair value | 121,478 | 123,583 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Interest Bearing | 1,937 | 11,685 |
Non-Interest Bearing | 11,545 | 8,937 |
Accrued Interest Receivable | 2,851 | 2,706 |
Short-term Borrowings | 95,265 | 39,605 |
Accrued Interest Payable | 449 | 430 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Interest Bearing | 1,937 | 11,685 |
Non-Interest Bearing | 11,545 | 8,937 |
Accrued Interest Receivable | 2,851 | 2,706 |
Short-term Borrowings | 95,265 | 39,605 |
Accrued Interest Payable | 449 | 430 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Loans, Net | 772,195 | 735,596 |
Deposits | 754,731 | 773,344 |
Other Borrowed Funds | 21,000 | 24,500 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans, Net | 770,718 | 741,020 |
Deposits | 752,665 | 772,080 |
Other Borrowed Funds | 20,710 | 24,454 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Restricted Stock | 6,509 | 4,340 |
Bank-Owned Life Insurance | 18,309 | 19,151 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Restricted Stock | 6,509 | 4,340 |
Bank-Owned Life Insurance | $ 18,309 | $ 19,151 |
Note 12 - Other Noninterest E63
Note 12 - Other Noninterest Expense - Components of Other Noninterest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Other Noninterest Expense | ||
Non-employee compensation | $ 122 | $ 100 |
Printing and supplies | 108 | 103 |
Postage | 58 | 66 |
Telephone | 112 | 88 |
Charitable contributions | 29 | 24 |
Dues and subscriptions | 66 | 63 |
Loan expenses | 93 | 74 |
Meals and entertainment | 34 | 24 |
Travel | 38 | 26 |
Training | 13 | 11 |
Miscellaneous | 192 | 231 |
Total Other Noninterest Expense | $ 865 | $ 810 |