Document And Entity Information
Document And Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Mar. 15, 2019 | Jun. 30, 2018 | |
Document Information [Line Items] | |||
Entity Registrant Name | CB Financial Services, Inc. | ||
Entity Central Index Key | 0001605301 | ||
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 Emerging Growth Company | true | ||
Entity Ex Transition Period | true | ||
Entity Small Business | true | ||
Entity Common Stock, Shares Outstanding (in shares) | 5,433,289 | ||
Entity Public Float | $ 170.7 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Statement of Finan
Consolidated Statement of Financial Condition - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Interest Bearing | $ 36,736 | $ 11,685 |
Non-Interest Bearing | 16,617 | 8,937 |
Total Cash and Due From Banks | 53,353 | 20,622 |
Investment Securities Available-for-Sale | 225,409 | 123,583 |
Loans, Net | 903,314 | 735,596 |
Premises and Equipment, Net | 23,448 | 16,712 |
Bank-Owned Life Insurance | 22,922 | 19,151 |
Goodwill | 28,425 | 4,953 |
Core Deposit Intangible | 10,934 | 3,284 |
Accrued Interest and Other Assets | 13,496 | 10,585 |
TOTAL ASSETS | 1,281,301 | 934,486 |
LIABILITIES | ||
Demand Deposits | 253,201 | 188,499 |
NOW Accounts | 218,687 | 145,183 |
Money Market Accounts | 187,627 | 136,914 |
Savings Accounts | 209,985 | 132,359 |
Time Deposits | 214,891 | 164,301 |
Brokered Deposits | 2,267 | 6,088 |
Total Deposits | 1,086,658 | 773,344 |
Short-Term Borrowings | 30,979 | 39,605 |
Other Borrowed Funds | 20,000 | 24,500 |
Accrued Interest and Other Liabilities | 6,039 | 3,781 |
TOTAL LIABILITIES | 1,143,676 | 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, 5,680,993 and 4,363,346 Shares Issued and 5,432,289 and 4,095,957 Shares Outstanding at December 31, 2018 and December 31, 2017, Respectively | 2,367 | 1,818 |
Capital Surplus | 83,225 | 42,089 |
Retained Earnings | 57,843 | 55,280 |
Treasury Stock, at Cost (248,704 and 267,389 Shares at December 31, 2018 and December 31, 2017, Respectively) | (4,370) | (4,590) |
Accumulated Other Comprehensive Loss | (1,440) | (1,341) |
TOTAL STOCKHOLDERS' EQUITY | 137,625 | 93,256 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 1,281,301 | $ 934,486 |
Consolidated Statement of Fin_2
Consolidated Statement of Financial Condition (Parentheticals) - $ / shares | Dec. 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) | 5,680,993 | 4,363,346 |
Common stock, shares outstanding (in shares) | 5,432,289 | 4,095,957 |
Treasury stock, at cost (in shares) | 248,704 | 267,389 |
Consolidated Statement of Incom
Consolidated Statement of Income - USD ($) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | |||
INTEREST AND DIVIDEND INCOME | ||||
Loans, Including Fees | $ 37,942,000 | $ 29,527,000 | ||
Federal Funds Sold | 288,000 | 199,000 | ||
Taxable | 3,812,000 | 1,531,000 | ||
Exempt From Federal Income Tax | 1,165,000 | 892,000 | ||
Other Interest and Dividend Income | 419,000 | 285,000 | ||
TOTAL INTEREST AND DIVIDEND INCOME | 43,626,000 | 32,434,000 | ||
INTEREST EXPENSE | ||||
Deposits | 4,968,000 | 2,811,000 | ||
Federal Funds Purchased | 1,000 | |||
Short-Term Borrowings | 521,000 | 82,000 | ||
Other Borrowed Funds | 459,000 | 481,000 | ||
TOTAL INTEREST EXPENSE | 5,949,000 | 3,374,000 | ||
NET INTEREST INCOME | 37,677,000 | 29,060,000 | ||
Provision For Loan Losses | 2,525,000 | 1,870,000 | ||
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 35,152,000 | 27,190,000 | ||
NONINTEREST INCOME | ||||
Noninterest income | 43,626,000 | 32,434,000 | ||
Net Gains on Sale of Loans | 171,000 | [1] | 458,000 | |
Net Gains on Sale of Investments | [1] | 199,000 | ||
Net Change in Fair Value of Equity Securities | (63,000) | [1] | ||
Net Gains on Purchased Tax Credits | 44,000 | [1] | 57,000 | |
Net Loss on Disposal of Fixed Assets | (137,000) | [1] | ||
Income from Bank-Owned Life Insurance | 509,000 | [1] | 464,000 | |
Other | 135,000 | [1] | 105,000 | |
TOTAL NONINTEREST INCOME | 8,339,000 | 7,800,000 | ||
NONINTEREST EXPENSE | ||||
Salaries and Employee Benefits | 18,060,000 | 13,937,000 | ||
Occupancy | 2,947,000 | 2,154,000 | ||
Equipment | 2,698,000 | 1,919,000 | ||
FDIC Assessment | 584,000 | 373,000 | ||
PA Shares Tax | 790,000 | 749,000 | ||
Contracted Services | 832,000 | 537,000 | ||
Legal Fees | 652,000 | 436,000 | ||
Advertising | 788,000 | 694,000 | ||
Bankcard Processing Expense | 630,000 | 519,000 | ||
Other Real Estate Owned (Income) | 48,000 | (349,000) | ||
Amortization of Core Deposit Intangible | 1,477,000 | 535,000 | ||
Merger-Related | 854,000 | 356,000 | ||
Other | 4,541,000 | 3,312,000 | ||
TOTAL NONINTEREST EXPENSE | 34,901,000 | 25,172,000 | ||
Income Before Income Taxes | 8,590,000 | 9,818,000 | ||
Income Taxes | [2] | 1,538,000 | 2,874,000 | |
NET INCOME | $ 7,052,000 | $ 6,944,000 | ||
EARNINGS PER SHARE | ||||
Basic (in dollars per share) | $ 1.42 | $ 1.70 | ||
Diluted (in dollars per share) | $ 1.40 | $ 1.69 | ||
WEIGHTED AVERAGE SHARES OUTSTANDING | ||||
Basic (in shares) | 4,981,814 | 4,088,191 | ||
Diluted (in shares) | 5,031,130 | 4,110,372 | ||
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 2,970,000 | $ 2,482,000 | ||
Insurance Commissions [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 3,763,000 | 3,583,000 | ||
Financial Service, Other [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 947,000 | $ 452,000 | ||
[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 - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Net Income | $ 2,430 | $ 2,292 | $ 970 | $ 1,360 | $ 1,375 | $ 2,064 | $ 1,801 | $ 1,704 | $ 7,052 | $ 6,944 |
Other Comprehensive Income (Loss): | ||||||||||
Unrealized (Losses) Gains on Available-for-Sale Securities Net of Income (Benefit) Tax of ($29) and $98, for the Years Ended December 31, 2018 and 2017, Respectively | (59) | 189 | ||||||||
Reclassification Adjustment for Gains on Securities Included in Net Income, Net of Income Tax of $68 for the Year Ended December 31, 2017. | (131) | |||||||||
Other Comprehensive Income (Loss) | (59) | 58 | ||||||||
Total Comprehensive Income | $ 6,993 | $ 7,002 |
Consolidated Statement of Com_2
Consolidated Statement of Comprehensive Income (Parentheticals) | 12 Months Ended |
Dec. 31, 2017USD ($) | |
Unrealized (losses) gains on available-for-sale securities, tax | $ 98,000 |
Reclassification adjustment for gains on securities, tax | 68,000 |
Net gains on sales of investments | $ 199,000 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity - 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 | 6,944 | 6,944 | |||||
Other Comprehensive Income (Loss) | 58 | 58 | |||||
Reclassification of the stranded tax effect related to deferred taxes for available-for-sale securities (1) | [1] | 220 | (220) | ||||
Restricted Stock Awards Granted | (142) | 142 | |||||
Stock-Based Compensation Expense | 361 | 361 | |||||
Exercise of Stock Options | 7 | 24 | 31 | ||||
Dividends Declared | (3,597) | (3,597) | |||||
Treasury Stock Purchased, at Cost | (10) | (10) | |||||
Dividends Declared | 3,597 | 3,597 | |||||
Treasury Stock Purchased, at Cost | 10 | 10 | |||||
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 | 7,052 | 7,052 | |||||
Other Comprehensive Income (Loss) | (59) | (59) | |||||
Restricted Stock Awards Granted | (329) | 329 | |||||
Stock-Based Compensation Expense | 482 | 482 | |||||
Exercise of Stock Options | 5 | 208 | 213 | ||||
Dividends Declared | 4,529 | 4,529 | |||||
Treasury Stock Purchased, at Cost | 317 | 317 | |||||
Issuance of Common Stock (net of issuance expenses of $515) (in shares) | 1,317,647 | ||||||
Issuance of Common Stock (net of issuance expenses of $515) | $ 549 | 40,978 | 41,527 | ||||
Dividends Declared | (4,529) | (4,529) | |||||
Treasury Stock Purchased, at Cost | (317) | (317) | |||||
Balance (in shares) at Dec. 31, 2018 | 5,680,993 | ||||||
Balance at Dec. 31, 2018 | $ 2,367 | 83,225 | 57,843 | (4,370) | (1,440) | 137,625 | |
Impact of change in method of accounting for marketable equity securities (2) | [2] | $ 40 | $ (40) | ||||
[1] | This reclassification is the result of the Company's early adopting of FASB ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220). See Note 1 for additional information. | ||||||
[2] | This reclassification is the result of the Company's adoption of FASB ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10). See Note 1 for additional information. |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Stockholders' Equity (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Dividends declared (in dollars per share) | $ 0.89 | $ 0.88 |
Purchase of treasury stock, shares (in shares) | 9,389 | 318 |
Stock issuance cost | $ 515 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
OPERATING ACTIVITIES | |||
Net Income | $ 7,052 | $ 6,944 | |
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities net of the effects of acquisition: | |||
Net Amortization on Investments | 74 | 375 | |
Depreciation and Amortization | 3,045 | 2,499 | |
Provision for Loan and Lease Losses, Total | 2,525 | 1,870 | |
Unrealized Loss on Equity Securities | (63) | ||
Gains on Purchased Tax Credits | 44 | 57 | |
Income from Bank-Owned Life Insurance | (509) | [1] | (464) |
Proceeds From Mortgage Loans Sold | 10,479 | 20,252 | |
Originations of Mortgage Loans for Sale | (10,308) | (19,794) | |
Gains on Sales of Loans | (171) | [1] | (458) |
Gains on Sales of Investment Securities | (199) | ||
Gains on Sales of Other Real Estate Owned and Repossessed Assets | (19) | (379) | |
Noncash Expense for Stock-Based Compensation | 482 | 361 | |
Increase in Accrued Interest Receivable | (730) | (266) | |
Net Loss on Disposal of Fixed Assets | 137 | 28 | |
Increase (Decrease) in Deferred Income Tax | 829 | (263) | |
Decrease in Taxes Payable | (1,105) | (345) | |
Increase in Accrued Interest Payable | 164 | 96 | |
Other, Net | 1,732 | 1,289 | |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 13,658 | 11,603 | |
INVESTING ACTIVITIES | |||
Proceeds From Principal Repayments and Maturities | 16,468 | 14,363 | |
Purchases of Securities | (11,227) | (44,664) | |
Proceeds from Sales of Securities | 80,314 | 12,838 | |
Net Increase in Loans | (74,988) | (64,522) | |
Purchase of Premises and Equipment | (4,427) | (3,845) | |
Asset Acquisition of a Customer List | (900) | ||
Proceeds From a Claim on Bank-Owned Life Insurance | 950 | ||
Proceeds From Sales of Other Real Estate Owned and Repossessed Assets | 214 | 615 | |
Decrease (Increase) in Restricted Equity Securities | 431 | (676) | |
Net Cash Received from Acquisition | 20,632 | ||
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 27,467 | (85,891) | |
FINANCING ACTIVITIES | |||
Net Increase in Deposits | 31,694 | 75,126 | |
Net (Decrease) Increase in Short-Term Borrowings | (28,657) | 12,578 | |
Principal Payments on Other Borrowed Funds | (6,798) | (3,500) | |
Cash Dividends Paid | (4,529) | (3,597) | |
Treasury Stock, Purchases at Cost | (317) | (10) | |
Exercise of Stock Options | 213 | 31 | |
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (8,394) | 80,628 | |
INCREASE IN CASH AND CASH EQUIVALENTS | 32,731 | 6,340 | |
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | 20,622 | 14,282 | |
CASH AND DUE FROM BANKS AT END OF YEAR | 53,353 | 20,622 | |
Cash paid for: | |||
Interest on deposits and borrowings (including interest credited to deposit accounts of $4,798 and $2,713, respectively) | 5,784 | 3,278 | |
Income taxes | 850 | 3,250 | |
Real estate acquired in settlement of loans | 46 | 321 | |
Accrued Payable for an Acquisition of a Customer List | 900 | ||
Non-cash transactions related to FWVB acquisition | $ 41,527 | ||
[1] | Not within the scope of ASC 606. |
Consolidated Statement of Cas_2
Consolidated Statement of Cash Flows (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Interest credited to deposit accounts | $ 4,798 | $ 2,713 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1—SUMMARY Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc., and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters”). CB Financial Services, Inc., and Community Bank are collectively referred to as the “Company.” All intercompany transactions and balances have been eliminated in consolidation. 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 through its subsidiary, Community Bank; a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank operates from sixteen seven one Effective April 30, 2018, eight seven one 1,317,647 $9.8 $51.3 The Company has evaluated events and transactions occurring subsequent to the balance sheet date of December 31, 2018 Use of Estimates The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and with general practice within the banking industry. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statement of Financial Condition, and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to fair value of investment securities available for sale, determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, other-than-temporary impairment evaluations of securities, the valuation of deferred tax assets and the evaluation of goodwill impairment. Revenue Recognition Income on loans and investments is recognized as earned on the accrual method. Service charges and fees on deposit accounts are recognized at the time the customer account is charged. Gains and losses on sales of mortgages are based on the difference between the selling price and the carrying value of the related mortgage sold. Exchange Underwriters records insurance commissions based on the method in which the policy is billed. For policies that Exchange Underwriters directly bills to policyholders, known as “agency billing,” income is recorded when billed. For policies a third The Company adopted ASU 2014 09, Revenue from Contracts with Customers, 606 not January 1, 2018. 4, Operating Segments In the fourth 2018, 280, Segment Reporting, 10% August 1, 2018, $1.8 9.5 December 31, 2018, two 21. Cash and Due From Banks Included in Cash and Due From Banks are required federal reserves of $1.7 $3.3 December 31, 2018 2017, Investment Securities Investment securities are classified at the time of purchase, based on management’s intentions and ability, as securities held to maturity or securities available-for-sale. Debt securities acquired with the intent and the ability to hold to maturity are stated at cost adjusted for amortization of premium and accretion of discount, which are computed using a level yield method and recognized as adjustments to interest income. Unrealized holding gains and losses for available-for-sale debt securities are reported as a separate component of stockholders’ equity, net of tax, until realized. Due to the current year adoption of Accounting Standards Update (“ASU”) 2016 01, Financial Instruments – Overall (Subtopic 825 10 1, Common stock of the Federal Home Loan Bank (“FHLB”) and of Atlantic Community Bankers’ Bank (“ACBB”) represent ownership in organizations that are wholly owned by other financial institutions. These restricted equity securities are accounted for based on industry guidance in ASC Sub-Topic 325 20, $3.8 $4.3 December 31, 2018 2017, $85,000 December 31, 2018 2017. The Company periodically evaluates its FHLB investment for possible impairment based on, among other things, the capital adequacy of the FHLB and its overall financial condition. The Company believes its holdings in the stock are ultimately recoverable at par value at December 31, 2018, not not Loans Receivable and Allowance for Loan Losses Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the principal amount outstanding net of deferred loan fees and the allowance for loan losses. The Company’s loan portfolio is segmented to enable management to monitor risk and performance. The real estate loans are further segregated into three Residential mortgage and construction loans are typically longer-term loans and, therefore, generally present greater interest rate risk than the consumer and commercial loans. Under certain economic conditions, housing values may may not not may Accrual of interest on loans is generally discontinued when it is determined that a reasonable doubt exists as to the collectability of principal, interest, or both. Payments received on nonaccrual loans are recorded as income or applied against principal according to management’s judgment as to the collectability of such principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, and current and future payments are reasonably assured. The Company uses an eight first four not not not not In the normal course of business, the Company modifies loan terms for various reasons. These reasons may When the Company restructures a loan for a troubled borrower, the loan terms (i.e., interest rate, payment, amortization period and/or maturity date) are modified in such a way to enable the borrower to cover the modified debt service payments based on current financials and cash flow adequacy. If the hardship is thought to be temporary, then modified terms are offered only for that time period. Where possible, the Company obtains additional collateral and/or secondary payment sources at the time of the restructure. To date, the Company has not not All loans designated as TDRs are considered impaired loans and may not may six The performance and credit quality of the loan portfolio are also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. Loan origination and commitment fees as well as certain direct loan origination costs are being deferred and the net amount amortized as an adjustment to the related loan’s yield. These amounts are being amortized over the contractual lives of the related loans. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance based on potential losses in the current loan portfolio, which includes an assessment of economic conditions, changes in the nature and volume of the loan portfolio, loan loss experience, volume and severity of past due, classified and nonaccrual loans as well as other loan modifications, quality of the Company’s loan review system, the degree of oversight by the Company’s board of directors, existence and effect of any concentrations of credit and changes in the level of such concentrations, effect of external factors, such as competition and legal and regulatory requirements, and other relevant factors. While management uses the best information available to make such evaluations, future adjustments to the allowance may The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. A loan is considered to be impaired when, based upon current information and events, it is probable that the Company will be unable to collect all amounts due for principal and interest according to the original contractual terms of the loan agreement. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured based on the present value of expected future cash flows discounted at a loan’s effective interest rate, or as a practical expedient, the observable market price, or, if the loan is collateral dependent, the fair value of the underlying collateral. When the measurement of an impaired loan is less than the recorded investment in the loan, the impairment is recorded in a specific valuation allowance through a charge to the provision for loan losses. This specific valuation allowance is periodically adjusted for significant changes in the amount or timing of expected future cash flows, observable market price or fair value of the collateral. The specific valuation allowance, or allowance for impaired loans, is part of the total allowance for loan losses. Cash payments received on impaired loans that are considered non-accrual are recorded as a direct reduction of the recorded investment in the loan. When the recorded investment has been fully collected, receipts are recorded as recoveries to the allowance for loan losses until the previously charged-off principal is fully recovered. Subsequent amounts collected are recognized as interest income. If no not The general component covers pools of loans by loan class, including commercial loans not two Loans that were acquired in previous mergers, were recorded at fair value with no third The excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount, which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be first Generally, management considers all nonaccrual loans and certain renegotiated debt, when it exists, for impairment. The maximum period without payment that typically can occur before a loan is considered for impairment is 90 The Company grants commercial, residential, and other consumer loans to customers throughout southwestern Pennsylvania in Greene, Washington, Allegheny, Fayette and Westmoreland Counties; West Virginia in Brooke, Marshall, Ohio, Upshur and Wetzel Counties; and Belmont County in Ohio. Although the Company had a diversified loan portfolio at December 31, 2018 2017, Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation is principally computed on the straight-line method over the estimated useful lives of the related assets, which range from three seven 27.5 40 seven fifteen Bank-Owned Life Insurance The Company is the owner and beneficiary of bank-owned life insurance (“BOLI”) policies on certain employees. The earnings from the BOLI policies are recognized as a component of noninterest income. The BOLI policies are an asset that can be liquidated, if necessary, with associated tax costs. However, the Company intends to hold these policies and, accordingly, the Company has not Real Estate Owned Real estate owned acquired in settlement of foreclosed loans is carried as a component of other assets at the lower of cost or fair value minus estimated cost to sell. Prior to foreclosure, the estimated collectible value of the collateral is evaluated to determine if a partial charge-off of the loan balance is necessary. After transfer to real estate owned, any subsequent write-downs are charged against noninterest expense. Direct costs incurred in the foreclosure process and subsequent holding costs incurred on such properties are recorded as expenses of current operations. Real estate owned was $917,000 $326,000 December 31, 2018 2017, $46,000 $168,000 December 31, 2018 2017, $1.4 $1.5 December 31, 2018 2017, Income Taxes The income tax decrease was due to the December 22, 2017, 34% 21% January 1, 2018. 2018 12 The Company accounts for income taxes in accordance with income tax accounting guidance in ASC Topic 740, Income Taxes two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not 50%; not 50% not not not not The Company recognizes interest and penalties on income taxes as a component of income tax expense. Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights. Intangible assets that have finite lives, such as core deposit intangibles, customer relationship intangibles and renewal lists, are amortized over their estimated useful lives and subject to periodic impairment testing. Core deposit intangibles are primarily amortized over six ten eight thirteen Goodwill and other intangibles are subject to impairment testing at the reporting unit level, which must be conducted at least annually. We perform impairment testing as of October 31, Determining the fair value of a reporting unit under the goodwill impairment test is judgmental and often involves the use of significant estimates and assumptions. Similarly, estimates and assumptions are used in determining the fair value of other intangible assets. Estimates of fair value are primarily determined using discounted cash flows, market comparisons and recent transactions. These approaches use significant estimates and assumptions including projected future cash flows, discount rates reflecting the market rate of return, projected growth rates and determination and evaluation of appropriate market comparables. However, future events could cause us to conclude that goodwill or other intangibles have become impaired, which would result in recording an impairment loss. Any resulting impairment loss could have a material adverse impact on our financial condition and results of operations. During the fourth 2018, one two December 31, 2018 – 100 one no Mortgage Servicing Rights (“MSRs”) The Company has agreements for the express purpose of selling loans in the secondary market. The Company maintains all servicing rights for these loans. Originated MSRs are recorded by allocating total costs incurred between the loan and servicing rights based on their relative fair values. MSRs are amortized in proportion to sold mortgages that are serviced and are included in other assets on the accompanying Consolidated Statement of Financial Condition. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of MSRs is netted against loan servicing fee income. The carrying and fair values of the MSRs and related amortization are not Treasury Stock The purchase of the Company’s common stock is recorded at cost. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on the average cost basis, with any excess proceeds being credited to capital surplus. Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) is comprised of unrealized holding gains (losses) on available-for-sale debt securities, net of tax. Earnings Per Share The Company provides dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated utilizing the reported net income as the numerator and weighted average shares outstanding as the denominator. The computation of diluted earnings per share differs in that the dilutive effects of any options, and convertible securities are adjusted for in the denominator. Treasury shares are not Stock-Based Compensation In 2015, 2015 May 20, 2015, no may ten May 20, 2015. may 407,146 two 271,431 may one third 135,715 may one third three one third ASC Topic 718, Compensation – Stock Compensation, not one December 14, 2018 five 20% five 20% 10 Cash Flow Information The Company has defined cash equivalents as those amounts due from depository institutions, interest-bearing deposits with other banks with maturities of less than 90 Advertising Costs Advertising costs are expensed as incurred. Correction of Immaterial Error The Company identified an error in the presentation of the Consolidated Statements of Changes in Stockholders’ Equity as of September 30, 2018. The Company evaluated the effect of the incorrect presentation of the Consolidated Statement of Changes in Stockholders’ Equity as of September 30, 2018. not Management corrected the classification of issuance of common shares as of December 31, 2018. no September 30, 2018. (dollars in thousands) As originally reported: Captial Surplus $ 73,632 Retained Earnings 66,460 Reclassification adjustment: Captial Surplus $ 9,801 Retained Earnings (9,801 ) As revised: Captial Surplus $ 83,433 Retained Earnings 56,659 Recognition of a Prior Period Error In April 2018, April 2017. first $300,000 2018. As a result of this error, the Company’s 2018 $300,000, $63,000, $237,000, $.0.06 2017 250, Accounting Changes and Error Corrections 2018 2017 Reclassifications Certain comparative amounts for prior periods have been reclassified to conform to the current year presentation. Such reclassifications did not Recent Accounting Standards In February 2018, 2018 02, Income Statement - Reporting Comprehensive Income (Topic 220 220, December 31, 2017 ( 12 2018 02 2018 02 However, because the amendments only relate to the reclassification of the income tax effects of the Tax Act, the underlying GAAP guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not December 15, 2018, The Company early adopted the provisions of ASU 2018 02 December 31, 2017, $220,000 35 21 12 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, $1.7 16 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 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, 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, $1.7 16 In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10 2016 01 2016 01 December 15, 2017, 2016 01 first 2018. January 1, 2018, one $40,000 $63,000 December 31, 2018. In May 2014, 2014 09, Revenue from Contracts with Customers 2014 09 2014 09 December 15, 2017. 2014 09 first 2018 606. 606 606 4 606. |
Note 2 - Merger
Note 2 - Merger | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 2— On November 16, 2017, April 30, 2018, April 30, 2018, eight seven one $51.3 1,317,647 April 30, 2018, $31.9068, $9.8 Merger-related expenses are recorded in the Consolidated Statement of Income and include costs relating to the Company’s acquisition of FWVB, as described above. These charges represent one not $1.2 $854,000 $356,000, December 31, 2018 2017, As of the date of merger, FWVB had approximately $334.0 $96.8 $282.9 8 76% 24% The FWVB merger is 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 The assets acquired and liabilities assumed of FWVB were recorded on the Company’s Consolidated Statement of Financial Condition at their estimated fair values as of April 30, 2018. $23.5 $9.1 None The provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed in FWVB merger provisionally determined as of June 30, 2018 Consideration Paid: Provision at Measurement December 31, 2018 Cash Paid for Redemption of FWVB Common Stock $ 9,801 $ - $ 9,801 CB Financial Common Stock Issued in - Exchange for FWVB Common Stock 41,527 - 41,527 Total Consideration Paid 51,328 - 51,328 Assets Acquired: Cash and Cash Equivalents 30,433 - 30,433 Net Loans 95,456 - 95,456 Investment Securities 187,628 - 187,628 Premises and Equipment 13,047 (9,335 ) 3,712 Bank Owned Life Insurance 4,212 - 4,212 Core Deposit Intangible 12,789 (3,662 ) 9,127 Deferred Tax Assets (87 ) 1,411 1,324 Other Assets 3,030 - 3,030 Total Assets Acquired 346,508 (11,586 ) 334,922 Liabilities Assumed: Deposits 281,620 - 281,620 Borrowings 22,329 - 22,329 Other Liabilities 3,117 - 3,117 Total Liabilities Assumed 307,066 - 307,066 Total Identifiable Net Assets 39,442 (11,586 ) 27,856 Goodwill Recognized $ 11,886 $ 11,586 $ 23,472 The measurement-period adjustments were the result of continued refinement of certain estimates, particularly regarding the valuation of identified intangible assets, fixed assets, certain tax positions and deferred income taxes. As of December 31, 2018, $23.5 As part of the FWVB merger, the Company identified employees from FWVB who would be retained and estimated a severance cost of $100,000 first The operating results of FWVB have been included in the Company’s Consolidated Statement of Income since the April 30, 2018, $7.4 $620,000, $6.0 $1.5 May 1, 2018 December 31, 2018. The following unaudited combined pro forma information presents the operating results for the years ended December 31, 2018 2017, January 1, 2017. not January 1, 2017 Years Ended December 31, 2018 2017 Net Interest Income $ 41,357 $ 37,944 Noninterest Income 8,649 8,779 Noninterest Expense 39,737 33,733 Net Income 8,010 8,444 Earnings Per Share: Basic $ 1.61 $ 1.69 Diluted 1.59 1.68 |
Note 3 - Earnings Per Share
Note 3 - Earnings Per Share | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 3—EARNINGS 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. Years Ended December 31, 2018 2017 Weighted-Average Common Shares Outstanding 5,247,794 4,363,346 Average Treasury Stock Shares (265,980 ) (275,155 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 4,981,814 4,088,191 Additional Common Stock Equivalents (Stock Options) Used to Calculate Diluted Earnings Per Share 49,316 22,181 Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 5,031,130 4,110,372 Earnings per share: Basic $ 1.42 $ 1.70 Diluted 1.40 1.69 The dilutive effect on average shares outstanding is the result of stock options outstanding. For the years ended December 31, 2018 2017, 249,959 263,640 $24.38 $24.33 no December 31, 2018. December 31, 2017 not |
Note 4 - Revenue Recognition Fr
Note 4 - Revenue Recognition From Contracts With Customers | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 4—REVENUE 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) Year Ended As reported Under Legacy Impact of NONINTEREST INCOME Service Fees on Deposit Accounts $ 2,970 $ 2,970 $ - Insurance Commissions 3,763 3,754 9 Other Commissions 947 947 - Other 135 135 - Total 7,815 7,806 9 NONINTEREST EXPENSE Other Real Estate Owned Expense 48 48 - Total 48 48 - Net Impact 7,767 7,758 9 Income Tax Expense $ 1,631 $ 1,629 $ 2 Net Income $ 7,052 $ 7,045 $ 7 Basic earnings per share $ 1.42 $ 1.41 $ - Diluted earnings per share $ 1.40 $ 1.40 $ - All of the Company’s revenue from contracts with customers in the scope of ASC 606 (Dollars in thousands) Year Ended NONINTEREST INCOME Service Fees on Deposit Accounts (a) $ 2,970 Insurance Commissions 3,763 Other Commissions (c) 947 Net Gains on Sales of Loans (b) 171 Net Gains on Sales of Investments (b) - Fair Value of Equity Securities (b) (63 ) Net Gains on Purchased Tax Credits (b) 44 Net Loss on Disposal of Fixed Assets (b) (137 ) Income from Bank-Owned Life Insurance (b) 509 Other (b) 135 Total non-interest income 8,339 NONINTEREST EXPENSE Other Real Estate Owned Expense 48 Total non-interest expense 48 Net non-interest income $ 8,291 (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, merchant services fees, check sales and safety deposit box rentals totaling $460,000 December 31, 2018, 606; $487,000 December 31, 2018, December 31, 2018, 606. 606 Service Fees on Deposit Accounts Interchange Fees not Insurance Commissions EU utilizes a report from 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 | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 5—INVESTMENT The amortized cost and fair value of investment securities available-for-sale as of December 31, 2018 2017, (Dollars in thousands) 2018 Amortized Gross Gross Fair U.S. Government Agencies $ 82,506 $ 160 $ (2,087 ) $ 80,579 Obligations of States and Political Subdivisions 44,737 230 (366 ) 44,601 Mortgage-Backed Securities - Government-Sponsored Enterprises 97,535 582 (346 ) 97,771 Equity Securities - Mutual Funds 1,000 - (32 ) 968 Equity Securities - Other 1,502 92 (104 ) 1,490 Total $ 227,280 $ 1,064 $ (2,935 ) $ 225,409 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 December 31, 2018 2017: (Dollars in thousands) 2018 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies - $ - $ - 23 $ 65,450 $ (2,087 ) 23 $ 65,450 $ (2,087 ) Obligations of States and Political Subdivisions 24 13,212 (133 ) 25 11,918 (233 ) 49 25,130 (366 ) Mortgage-Backed Securities - Government Sponsored Enterprises - - - 9 13,874 (346 ) 9 13,874 (346 ) Equity Securities - Mutual Fund 2 968 (32 ) - - - 2 968 (32 ) Equity Securities - Other 7 592 (68 ) 3 225 (36 ) 10 817 (104 ) Total 33 $ 14,772 $ (233 ) 60 $ 91,467 $ (2,702 ) 93 $ 106,239 $ (2,935 ) 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 December 31, 2018, may December 31, 2018 2017, not not not Investment securities available-for-sale with a carrying value of $126.1 $83.8 December 31, 2018 2017, The scheduled maturities of investment securities available-for-sale at December 31, 2018, (Dollars in thousands) 2018 Available-for-Sale Amortized Fair Due in One Year or Less $ 2,258 $ 2,282 Due after One Year through Five Years 75,977 74,066 Due after Five Years through Ten Years 50,681 50,591 Due after Ten Years 98,364 98,470 Total $ 227,280 $ 225,409 Equity securities – mutual funds and equity securities – other do not ten Sales of available-for-sale investments due to the FWVB merger were $80.3 805 no 2017, $207,000, $8,000. 2017, $22,000. The following table shows the Company’s available-for-sale obligations of states and political subdivisions and their sources of repayment as of December 31, 2018 2017, (Dollars in thousands) 2018 2017 Amortized Fair Amortized Fair General Obligation: Pennsylvania Municipalities: School $ 27,319 $ 27,143 $ 29,671 $ 29,755 Public Improvement 3,532 3,508 3,095 3,103 Other State Municipalities: School 4,296 4,277 - - Public Improvement 5,321 5,370 - - Total General Obligation 40,468 40,298 32,766 32,858 Special Revenue Pennsylvania Political Subdivisions: Other 2,144 2,133 2,221 2,227 Other State Political Subdivisions: School - - 2,653 2,659 Public Improvement 330 342 977 992 Water and Sewer - - 250 252 Other 1,795 1,828 - - Total Special Revenue 4,269 4,303 6,101 6,130 Total Obligations of States and Political Subdivisions $ 44,737 $ 44,601 $ 38,867 $ 38,988 The Company has a concentration of obligations of municipal and political subdivisions in the Commonwealth of Pennsylvania, primarily in obligations of school districts. These investments are not 50 The Company evaluates its investments in states, municipalities, and political subdivisions both on a pre-purchase and subsequently on a quarterly basis. The evaluation includes a review of fund balances, outstanding pension liabilities, operating revenues and expenses for the most recent five no |
Note 6 - Loans and Related Allo
Note 6 - Loans and Related Allowance for Loan Losses | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 6—LOANS The following table summarizes the major classifications of loans as of December 31, 2018 2017: (Dollars in thousands) 2018 2017 Originated Loans Real Estate: Residential $ 233,679 $ 200,486 Commercial 212,268 160,235 Construction 46,824 36,149 Commercial and Industrial 97,466 100,294 Consumer 119,731 114,358 Other 11,623 3,376 Total Originated Loans 721,591 614,898 Allowance for Loan Losses (8,942 ) (8,215 ) Loans, Net $ 712,649 $ 606,683 Loans Acquired at Fair Value Real Estate: Residential $ 91,277 $ 72,952 Commercial 74,876 48,802 Construction 2,000 - Commercial and Industrial 15,730 7,541 Consumer 2,510 199 Other 4,888 - Total Loans Acquired at Fair Value 191,281 129,494 Allowance for Loan Losses (616 ) (581 ) Loans, Net $ 190,665 $ 128,913 Total Loans Real Estate: Residential $ 324,956 $ 273,438 Commercial 287,144 209,037 Construction 48,824 36,149 Commercial and Industrial 113,196 107,835 Consumer 122,241 114,557 Other 16,511 3,376 Total Loans 912,872 744,392 Allowance for Loan Losses (9,558 ) (8,796 ) Loans, Net $ 903,314 $ 735,596 Real estate loans serviced for others, which are not $99.0 $95.4 December 31, 2018 2017, $926,000 $808,000 December 31, 2018 2017, Loans summarized by the aggregate pass and the criticized categories of special mention, substandard and doubtful within the internal risk rating system as of December 31, 2018 2017, (Dollars in thousands) 2018 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 232,059 $ 1,071 $ 549 $ - $ 233,679 Commercial 205,284 5,109 704 1,171 212,268 Construction 43,522 2,902 400 - 46,824 Commercial and Industrial 87,361 8,810 228 1,067 97,466 Consumer 119,648 - 83 - 119,731 Other 11,623 - - - 11,623 Total Originated Loans $ 699,497 $ 17,892 $ 1,964 $ 2,238 $ 721,591 Loans Acquired at Fair Value Real Estate: Residential $ 89,490 $ 851 $ 936 $ - $ 91,277 Commercial 67,221 7,175 480 - 74,876 Construction 2,000 - - - 2,000 Commercial and Industrial 15,714 - 16 - 15,730 Consumer 2,510 - - - 2,510 Other 4,785 103 - - 4,888 Total Loans Acquired at Fair Value $ 181,720 $ 8,129 $ 1,432 $ - $ 191,281 Total Loans Real Estate: Residential $ 321,549 $ 1,922 $ 1,485 $ - $ 324,956 Commercial 272,505 12,284 1,184 1,171 287,144 Construction 45,522 2,902 400 - 48,824 Commercial and Industrial 103,075 8,810 244 1,067 113,196 Consumer 122,158 - 83 - 122,241 Other 16,408 103 - - 16,511 Total Loans $ 881,217 $ 26,021 $ 3,396 $ 2,238 $ 912,872 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 Construction - - - - - 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 At December 31, 2018 2017, no The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of December 31, 2018 2017: (Dollars in thousands) 2018 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 231,154 $ 1,374 $ 72 $ 324 $ 1,770 $ 755 $ 233,679 Commercial 212,002 84 182 - 266 - 212,268 Construction 46,824 - - - - - 46,824 Commercial and Industrial 96,222 216 - - 216 1,028 97,466 Consumer 118,256 1,319 70 3 1,392 83 119,731 Other 11,623 - - - - - 11,623 Total Originated Loans $ 716,081 $ 2,993 $ 324 $ 327 $ 3,644 $ 1,866 $ 721,591 Loans Acquired at Fair Value Real Estate: Residential $ 89,405 $ 408 $ 65 $ - $ 473 $ 1,399 $ 91,277 Commercial 74,799 77 - - 77 - 74,876 Construction 2,000 - - - - - 2,000 Commercial and Industrial 15,662 52 - - 52 16 15,730 Consumer 2,491 18 1 - 19 - 2,510 Other 4,888 - - - - - 4,888 Total Loans Acquired at Fair Value $ 189,245 $ 555 $ 66 $ - $ 621 $ 1,415 $ 191,281 Total Loans Real Estate: Residential $ 320,559 $ 1,782 $ 137 $ 324 $ 2,243 $ 2,154 $ 324,956 Commercial 286,801 161 182 - 343 - 287,144 Construction 48,824 - - - - - 48,824 Commercial and Industrial 111,884 268 - - 268 1,044 113,196 Consumer 120,747 1,337 71 3 1,411 83 122,241 Other 16,511 - - - - - 16,511 Total Loans $ 905,326 $ 3,548 $ 390 $ 327 $ 4,265 $ 3,281 $ 912,872 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 Construction - - - - - - - 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 Total unrecorded interest income related to nonaccrual loans was $66,000 $74,000 2018 2017, A summary of the loans considered impaired as of December 31, 2018, 2017, (Dollars in thousands) 2018 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 71 $ - $ 74 $ 82 $ 4 Commercial 1,550 - 1,550 1,626 74 Construction 400 - 400 466 25 Commercial and Industrial 382 - 394 403 5 Total With No Related Allowance Recorded $ 2,403 $ - $ 2,418 $ 2,577 $ 108 Loans Acquired at Fair Value Real Estate: Residential $ 1,212 $ - $ 1,212 $ 1,234 $ 63 Commercial 2,466 - 2,466 1,868 123 Total With No Related Allowance Recorded $ 3,678 $ - $ 3,678 $ 3,102 $ 186 Total Loans Real Estate: Residential $ 1,283 $ - $ 1,286 $ 1,316 $ 67 Commercial 4,016 - 4,016 3,494 197 Construction 400 - 400 466 25 Commercial and Industrial 382 - 394 403 5 Total With No Related Allowance Recorded $ 6,081 $ - $ 6,096 $ 5,679 $ 294 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 674 $ 211 $ 674 $ 716 $ 40 Commercial and Industrial 1,066 787 1,171 1,193 63 Total With A Related Allowance Recorded $ 1,740 $ 998 $ 1,845 $ 1,909 $ 103 Loans Acquired at Fair Value Real Estate: Commercial $ 44 $ 8 $ 44 $ 29 $ 3 Commercial and Industrial 16 6 16 16 - Total With A Related Allowance Recorded $ 60 $ 14 $ 60 $ 45 $ 3 Total Loans Real Estate: Commercial $ 718 $ 219 $ 718 $ 745 $ 43 Commercial and Industrial 1,082 793 1,187 1,209 63 Total With A Related Allowance Recorded $ 1,800 $ 1,012 $ 1,905 $ 1,954 $ 106 2018 (cont.) Recorded Related Unpaid Average Interest Total Impaired Loans: Originated Loans Real Estate: Residential $ 71 $ - $ 74 $ 82 $ 4 Commercial 2,224 211 2,224 2,342 114 Construction 400 - 400 466 25 Commercial and Industrial 1,448 787 1,565 1,596 68 Total Impaired Loans $ 4,143 $ 998 $ 4,263 $ 4,486 $ 211 Loans Acquired at Fair Value Real Estate: Residential $ 1,212 $ - $ 1,212 $ 1,234 $ 63 Commercial 2,510 8 2,510 1,897 126 Commercial and Industrial 16 6 16 16 - Total Impaired Loans $ 3,738 $ 14 $ 3,738 $ 3,147 $ 189 Total Loans Real Estate: Residential $ 1,283 $ - $ 1,286 $ 1,316 $ 67 Commercial 4,734 219 4,734 4,239 240 Construction 400 - 400 466 25 Commercial and Industrial 1,464 793 1,581 1,612 68 Total Impaired Loans $ 7,881 $ 1,012 $ 8,001 $ 7,633 $ 400 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 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 Impaired loans were $7.9 December 31, 2018, $10.7 December 31, 2017, $2.8 three $1.2 December 31, 2018. Loans classified as TDRs consisted of 12 16 $3.6 $4.5 December 31, 2018 2017, six eight $2.1 $2.6 December 31, 2018 2017, six eight $1.5 $1.9 December 31, 2018 2017, During the year ended December 31, 2018, one December 31, 2018 one December 31, 2018. During the year ended December 31, 2017, one December 31, 2017, one No December 31, 2018 2017, The following table presents information at the time of modification related to loans modified as TDRs during the periods indicated. (Dollars in thousands) Year Ended December 31, 2018 Number Pre- Post- Related Originated Loans Commercial and Industrial 1 $ 161 $ 161 $ - Total 1 $ 161 $ 161 $ - Loans Acquired at Fair Value Real Estate Residential 1 $ 7 $ 7 $ - Total 1 $ 7 $ 7 $ - Year Ended December 31, 2017 Number Pre- Post- Related Originated Loans Real Estate Residential 1 $ 61 $ 61 $ - Total 1 $ 61 $ 61 $ - Loans acquired in connection with the previous mergers were recorded at their estimated fair value at the acquisition date and did not not not The following table presents changes in the accretable discount on the loans acquired at fair value for the dates indicated. Accretable Discount Balance at December 31, 2016 $ 1,640 Accretable yield (597 ) Reduction due to unexpected early payoffs (171 ) Nonaccretable discount (112 ) Balance at December 31, 2017 760 Acquired Loan Purchase Accounting Adjustment related to FWVB Merger at April 30, 2018 1,348 Accretable yield (299 ) Adjustment due to unexpected early payoffs 98 Nonaccretable premium 5 Balance at December 31, 2018 $ 1,912 Certain directors, executive officers and principal stockholders of the Company, including family members or companies in which they are principal owners, are loan customers of the Company. Such loans are made in the normal course of business, and summarized as follows: (Dollars in thousands) 2018 2017 Balance, January 1 $ 7,173 $ 7,545 Additions 2,000 362 Payments (2,939 ) (734 ) Balance, December 31 $ 6,234 $ 7,173 The activity in the allowance for loan loss summarized by primary segments and segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for potential impairment as of December 31, 2018 2017 (Dollars in thousands) 2018 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Beginning Balance $ 891 $ 1,799 $ 276 $ 2,461 $ 2,358 $ - $ 430 $ 8,215 Charge-offs (28 ) - - (1,398 ) (597 ) - - (2,023 ) Recoveries 19 51 - 5 150 - - 225 Provision 159 195 118 2,070 116 - (133 ) 2,525 Ending Balance $ 1,041 $ 2,045 $ 394 $ 3,138 $ 2,027 $ - $ 297 $ 8,942 Individually Evaluated for Impairment $ - $ 211 $ - $ 787 $ - $ - $ - $ 998 Collectively Evaluated for Potential Impairment $ 1,041 $ 1,834 $ 394 $ 2,351 $ 2,027 $ - $ 297 $ 7,944 Loans Acquired at Fair Value Beginning Balance $ - $ 490 $ - $ 83 $ - $ - $ 8 $ 581 Charge-offs (36 ) - - (58 ) - - - (94 ) Recoveries 9 117 - - 3 - - 129 Provision 27 (131 ) - 82 (3 ) - 25 - Ending Balance $ - $ 476 $ - $ 107 $ - $ - $ 33 $ 616 Individually Evaluated for Impairment $ - $ 8 $ - $ 6 $ - $ - $ - $ 14 Collectively Evaluated for Potential Impairment $ - $ 468 $ - $ 101 $ - $ - $ 33 $ 602 Total Allowance for Loan Losses Beginning Balance $ 891 $ 2,289 $ 276 $ 2,544 $ 2,358 $ - $ 438 $ 8,796 Charge-offs (64 ) - - (1,456 ) (597 ) - - (2,117 ) Recoveries 28 168 - 5 153 - - 354 Provision 186 64 118 2,152 113 - (108 ) 2,525 Ending Balance $ 1,041 $ 2,521 $ 394 $ 3,245 $ 2,027 $ - $ 330 $ 9,558 Individually Evaluated for Impairment $ - $ 219 $ - $ 793 $ - $ - $ - $ 1,012 Collectively Evaluated for Potential Impairment $ 1,041 $ 2,302 $ 394 $ 2,452 $ 2,027 $ - $ 330 $ 8,546 2017 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Beginning Balance $ 1,106 $ 1,942 $ 65 $ 1,579 $ 2,463 $ - $ 128 $ 7,283 Charge-offs (22 ) - - (915 ) - - (937 ) Recoveries 13 - 37 199 - - 249 Provision (206 ) (143 ) 211 845 611 - 302 1,620 Ending Balance $ 891 $ 1,799 $ 276 $ 2,461 $ 2,358 $ - $ 430 $ 8,215 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 Beginning Balance $ - $ 365 $ - $ 120 $ - $ - $ 35 $ 520 Charge-offs (109 ) (132 ) - - (4 ) - - (245 ) Recoveries 49 3 - - 4 - - 56 Provision 60 254 - (37 ) - - (27 ) 250 Ending Balance $ - $ 490 $ - $ 83 $ - $ - $ 8 $ 581 Individually Evaluated for Impairment $ - $ - $ - $ 3 $ - $ - $ - $ 3 Collectively Evaluated for Potential Impairment $ - $ 490 $ - $ 80 $ - $ - $ 8 $ 578 Total Allowance for Loan Losses Beginning Balance $ 1,106 $ 2,307 $ 65 $ 1,699 $ 2,463 $ - $ 163 $ 7,803 Charge-offs (131 ) (132 ) - - (919 ) - - (1,182 ) Recoveries 62 3 - 37 203 - - 305 Provision (146 ) 111 211 808 611 - 275 1,870 Ending Balance $ 891 $ 2,289 $ 276 $ 2,544 $ 2,358 $ - $ 438 $ 8,796 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 The following tables present the major classifications of loans summarized by individually evaluated for impairment and collectively evaluated for potential impairment as of December 31, 2018 2017: (Dollars in thousands) 2018 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 71 $ 2,224 $ 400 $ 1,448 $ - $ - $ 4,143 Collectively Evaluated for Potential Impairment 233,608 210,044 46,424 96,018 119,731 11,623 717,448 $ 233,679 $ 212,268 $ 46,824 $ 97,466 $ 119,731 $ 11,623 $ 721,591 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,212 $ 2,510 $ - $ 16 $ - $ - $ 3,738 Collectively Evaluated for Potential Impairment 90,065 72,366 2,000 15,714 2,510 4,888 187,543 $ 91,277 $ 74,876 $ 2,000 $ 15,730 $ 2,510 $ 4,888 $ 191,281 Total Loans Individually Evaluated for Impairment $ 1,283 $ 4,734 $ 400 $ 1,464 $ - $ - $ 7,881 Collectively Evaluated for Potential Impairment 323,673 282,410 48,424 111,732 122,241 16,511 904,991 $ 324,956 $ 287,144 $ 48,824 $ 113,196 $ 122,241 $ 16,511 $ 912,872 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 - Premises and Equipment
Note 7 - Premises and Equipment | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 7—PREMISES Major classifications of premises and equipment are summarized as follows: (Dollars in thousands) 2018 2017 Land $ 3,808 $ 2,040 Building 23,460 16,217 Leasehold Improvements 1,568 1,795 Furniture, Fixtures, and Equipment 11,755 10,574 Property Held Under Capital Lease 299 299 Fixed Assets in Process 54 2,302 40,944 33,227 Less Accumulated Depreciation and Amortization (17,496 ) (16,515 ) Total Premises and Equipment $ 23,448 $ 16,712 Depreciation and amortization expense on premises and equipment was $1.3 $1.1 December 31, 2018 2017, 2017, $3.6 $250,000 December 31, 2017. no December 31, 2018. |
Note 8 - Core Deposit Intangibl
Note 8 - Core Deposit Intangible & Goodwill | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 8—CORE A summary of core deposit intangible assets is as follows: Carrying Balance at December 31, 2016 $ 3,819 Amortization Expense (534 ) Balance at December 31, 2017 3,285 Addition of Core Deposit Intangible from FWVB Merger 9,126 Amortization Expense (1,477 ) Balance at December 31, 2018 $ 10,934 Core deposit intangible assets related to the FWVB merger totaled $9.1 6.5 $5.0 nine $1.9 $9.7 five The following table shows a reconciliation of the changes in Goodwill: Carrying Balance at December 31, 2017 $ 4,953 Goodwill associated to the FWVB merger on April 30, 2018 23,472 Balance at December 31, 2018 $ 28,425 The total amount of goodwill above has been allocated solely to the Community Banking segment. |
Note 9 - Deposits
Note 9 - Deposits | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 9—DEPOSITS The following table shows the maturities of time deposits for the next five December 31, 2018 ( 2018 2019 $ 92,983 2020 53,009 2021 21,868 2022 26,547 2023 14,006 Beyond 2023 6,478 Total $ 214,891 The balance in time deposits that meet or exceed the FDIC insurance limit of $250,000 $68.0 $52.1 December 31, 2018 2017, |
Note 10 - Short-term Borrowings
Note 10 - Short-term Borrowings | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Short-term Debt [Text Block] | NOTE 10—SHORT The following table sets forth the components of short-term borrowings as of the years indicated. (Dollars in thousands) 2018 2017 Amount Weighted Amount Weighted Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ 37 2.70 % $ 75 - % Maximum Amount Outstanding at any Month End 1,500 550 FHLB Borrowings: Balance at Period End - - 13,764 1.57 Average Balance Outstanding During the Period 19,726 1.86 215 0.93 Maximum Amount Outstanding at any Month End 98,960 13,764 Securities Sold Under Agreements to Repurchase: Balance at Period End 30,979 0.54 25,841 0.26 Average Balance Outstanding During the Period 29,300 0.53 26,350 0.31 Maximum Amount Outstanding at any Month End 35,661 27,951 Securities Collaterizing the Agreements at Period-End: Carrying Value 48,131 38,953 Market Value 47,083 38,081 |
Note 11 - Other Borrowed Funds
Note 11 - Other Borrowed Funds | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 11—OTHER Other borrowed funds consist of fixed rate, long-term advances from the FHLB with remaining maturities as follows: (Dollars in thousands) 2018 2017 Amount Weighted Amount Weighted Due in One Year $ 6,000 1.78 % $ 4,500 1.41 % Due After One Year to Two Years 6,000 1.97 6,000 1.78 Due After Two Years to Three Years 5,000 2.18 6,000 1.97 Due After Three Years to Four Years 3,000 2.41 5,000 2.18 Due After Four Years to Five Years - - 3,000 2.41 Due After Five Years - - - - Total $ 20,000 2.03 $ 24,500 1.92 The Bank maintains a credit arrangement with the FHLB with a maximum borrowing limit of approximately $373.4 December 31, 2018. no $147.0 $143.1 December 31, 2018 2017, no December 31, 2018 December 31, 2017. A Borrower-In-Custody of Collateral agreement was entered into with the Federal Reserve Bank for $107.9 no $60.0 $40.0 December 31, 2018, 2017, $20.0 December 31, 2018, 2017, no not |
Note 12 - Income Taxes
Note 12 - Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 12—INCOME The Tax Cuts and Jobs Act (the “Tax Act”) was enacted on December 22, 2017. 35% 21%. December 31, 2017, As described below, we have made a reasonable estimate of the effects on our existing deferred tax balances as of December 31, 2017. $89,000 December 31, 2017, In addition, DTAs/DTLs related to available for sale (“AFS”) securities unrealized losses that were revalued as of December 31, 2017, In February 2018, 2018 02 Income Statement - Reporting Comprehensive Income (Topic 220 1 December 31, 2017, 2018 02 $220,000 35 21 2018 02 . The accounting for the effects of the tax rate change on deferred tax balances is complete and no Reconciliation of income tax provision for the years ended December 31, 2018 2017: (Dollars in thousands) 2018 2017 Current Payable $ 515 $ 3,137 Tax Act impact of the stranded tax effect related to deferred taxes for AFS securities - 220 Tax Act impact on remaining deferred tax assets and liabilities - (309 ) Deferred Expense (Benefit) 1,023 (174 ) Total Provision $ 1,538 $ 2,874 The tax effects of deductible and taxable temporary differences that gave rise to significant portions of the net deferred tax assets and liabilities are as follows: (Dollars in thousands) 2018 2017 Deferred Tax Assets: Allowance for Loan Losses $ 2,063 $ 1,847 Amortization of Core Deposit Intangible 1 9 Amortization of Intangibles 72 68 Tax Credit Carryforwards 2,010 - Unrealized Loss of AFS - Merger Tax Adjustment 894 - Postretirement Benefits 30 31 Net Unrealized Loss on Securities 383 357 Passthrough Entities 2 2 Stock-Based Compensation Expense 28 17 Accrued Payroll 44 - OREO 121 - Purchase Accounting Adjustments - Acquired Loans 413 160 Deferred Compensation 55 - Other 67 92 Gross Deferred Tax Assets 6,183 2,583 100% Valuation Allowance - AMT Tax Credit Carryforward (1) (1,311 ) - 4,872 2,583 Deferred Tax Liabilities: Deferred Origination Fees and Costs 292 260 Depreciation 714 375 Mortgage Servicing Rights 198 191 Purchase Accounting Adjustment - Core Deposit Intangible 2,361 690 Purchase Accounting Adjustments - Fixed Assets 321 810 Purchase Accounting Adjustments - Certificates of Deposit 175 - Goodwill 412 379 Gross Deferred Tax Liabilities 4,473 2,705 Net Deferred Tax Assets (Liabilities) (2) $ 399 $ (122 ) ( 1 The 100% December 31, 2018. ( 2 The 2018 2017 21% 2017 While the Tax Cuts and Jobs Act (“Tax Act”) was the first 30 no December 31, 2018. 2021 $1.3 April 30, 2018, 48 Accounting for Uncertain Tax Positions 740, $1.3 805 Business Combinations 2021 no No December 31, 2018 2017. Deferred taxes at December 31, 2018 2017, A reconciliation of the federal income tax expense at statutory income tax rates and the actual income tax expense on income before taxes is shown below: (Dollars in thousands) 2018 2017 Amount Percent of Amount Percent of Provision at Statutory Rate $ 1,804 21.0 % $ 3,338 34.0 % State Taxes (Net of Federal Benefit) 98 1.1 79 0.8 Effect of Tax-Free Income (312 ) (3.6 ) (395 ) (4.0 ) BOLI Income (197 ) (2.3 ) (162 ) (1.6 ) Merger Expenses 54 0.6 119 1.2 Stock Options - ISO 38 0.5 51 0.5 Effect of the enactment of the Tax Act - - (89 ) (0.9 ) Other 53 0.6 (67 ) (0.7 ) Actual Tax Expense and Effective Rate $ 1,538 17.9 % $ 2,874 29.3 % The Company’s federal and Pennsylvania income tax returns are no 2015. December 31, 2018 2017, no no December 31, 2018 2017. |
Note 13 - Employee Benefits
Note 13 - Employee Benefits | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | NOTE 13—EMPLOYEE SAVINGS AND PROFIT SHARING PLAN The Company maintains a Cash or Deferred Profit-sharing Section 401 first 4% $0.25 18 six $172,000 $141,000 2018 2017, 401 $752,000 $636,000 2018 2017, 2015 Details of the restricted stock awards and stock option grant under the 2015 December 14, December 15, Number of restricted shares granted 18,750 8,250 Number of stock options granted - 40,015 Grant date common stock price $ 25.45 $ 30.75 Restricted shares market value before tax 477,000 254,000 Stock options market value before tax - 248,000 Stock option pricing assumptions Expected life in years - 6.5 Expected dividend yield - 2.86 % Risk-free interest rate - 2.05 % Expected volatility - 26.2 % Weighted average grant date fair value $ - $ 6.21 The Company generally recognizes expense over the one December 14, 2018 five 2017 five $482,000 $361,000 December 31, 2018 2017, December 31, 2018 2017, $596,000 $850,000 473,000 $242,000 $12,000 $13,000 December 31, 2018 2017, Intrinsic value represents the amount by which the fair value of the underlying stock at December 31, 2018 2017, $413,000 $1.5 December 31, 2018 2017, At December 31, 2018 2017, 11,612 5,991 93,074 111,824 may may three The following table presents stock option data for the years indicated: 2018 2017 Number of Weighted Weighted Number Weighted Weighted Outstanding at beginning of year 263,640 $ 24.33 8.5 227,100 $ 23.17 9.2 Granted - - - 40,015 30.75 10.0 Exercised (9,319 ) 22.84 (1,400 ) 22.25 Forfeited (4,362 ) 24.36 (2,075 ) 23.21 Outstanding at end of year 249,959 24.38 7.5 263,640 24.33 8.5 Exercisable at end of year 121,831 23.44 7.2 78,705 22.78 8.1 Number Weighted Weighted Number Weighted Weighted Nonvested at end of year 128,128 $ 25.28 7.7 184,935 $ 24.99 8.6 The following table presents restricted stock award data at the dates indicated. Number Weighted Weighted Nonvested at December 31, 2016 6,086 $ 26.45 1.0 Granted 8,250 30.75 1.0 Vested (6,086 ) (26.45 ) (1.0 ) Forfeited - - - Nonvested at December 31, 2017 8,250 $ 30.75 1.0 Granted 18,750 25.45 5.0 Vested (8,250 ) (30.75 ) (1.0 ) Forfeited - - - Nonvested at December 31, 2018 18,750 $ 25.45 5.0 |
Note 14 - Commitments and Conti
Note 14 - Commitments and Contingent Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 14—COMMITMENTS The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business primarily to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and performance letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Statement of Financial Condition. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and performance letters of credit written is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The unused and available credit balances of financial instruments whose contracts represent credit risk at December 31, 2018 2017 (Dollars in thousands) 2018 2017 Standby Letters of Credit $ 37,559 $ 55,105 Performance Letters of Credit 3,544 4,339 Construction Mortgages 56,691 30,619 Personal Lines of Credit 6,186 6,183 Overdraft Protection Lines 6,140 6,167 Home Equity Lines of Credit 21,520 16,337 Commercial Lines of Credit 74,602 62,088 $ 206,242 $ 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 15 - Regulatory Capital
Note 15 - Regulatory Capital | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 15—REGULATORY The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, each must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of total and Tier 1 1 December 31, 2018, As of December 31, 2018, no The Bank’s actual capital ratios are presented in the following table, which shows that it met all regulatory capital requirements at December 31, 2018 2017. (Dollars in thousands) December 31, 2018 December 31, 2017 Amount Ratio Amount Ratio Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual $ 96,985 11.44 % $ 84,599 12.22 % For Capital Adequacy Purposes 38,137 4.50 31,159 4.50 To Be Well Capitalized 55,086 6.50 45,008 6.50 Tier I Capital (to Risk-Weighted Assets) Actual 96,985 11.44 84,599 12.22 For Capital Adequacy Purposes 50,849 6.00 41,546 6.00 To Be Well Capitalized 67,799 8.00 55,395 8.00 Total Capital (to Risk-Weighted Assets) Actual 106,543 12.57 93,257 13.47 For Capital Adequacy Purposes 67,799 8.00 55,395 8.00 To Be Well Capitalized 84,748 10.00 69,243 10.00 Tier I Leverage Capital (to Adjusted Total Assets) Actual 96,985 7.82 84,599 9.27 For Capital Adequacy Purposes 49,637 4.00 36,492 4.00 To Be Well Capitalized 62,046 5.00 45,616 5.00 Basel is a committee of central banks and bank regulators from major industrialized countries that develops broad policy guidelines for use by each country’s regulators with the purpose of ensuring that financial institutions have adequate capital given the risk levels of assets and off-balance-sheet financial instruments. In 2013, two December 2009, December 2010, January 2011, The rules include new risk-based capital and leverage ratios, which are phased in from 2015 2019, 1 4.5%; 1 6% 4% 8% 1 4% The final rules also establish a “capital conservation buffer” above the new regulatory minimum capital requirements, which must consist entirely of common equity Tier 1 four January 1, 2016, 0.625% 2016, 1.25% 2017, 1.875% 2018, 2.5% 2019 2019: 1 7.0%, 1 8.5%, 10.5%. Basel III provided discretion for regulators to impose an additional buffer, the “countercyclical buffer,” of up to 2.5% 1 $250 $10 1 no 1 $15 December 31, 2009 1 2 May 19, 2010, 1 2 The final rules also contain revisions to the prompt corrective action framework, which is designed to place restrictions on insured depository institutions if their capital levels begin to show signs of weakness. These revisions took effect January 1, 2015. 1 6.5%; 1 8% 6% 10% 1 5% 4% The final rules set forth certain changes for the calculation of risk-weighted assets, which we were required to utilize beginning January 1, 2015. 939A $50 not $250 |
Note 16 - Operating Leases
Note 16 - Operating Leases | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Leases of Lessee Disclosure [Text Block] | NOTE 16—OPERATING The Company leases several offices or the ground on which they are located under operating leases expiring by 2034. Minimum future rental payments under noncancelable operating leases having remaining terms in excess of one December 31, 2018, 2018 2019 $ 402 2020 358 2021 256 2022 114 2023 63 2024 & thereafter 454 Total $ 1,647 Rental expense recorded was $808,000 $531,000 December 31, 2018 2017, |
Note 17 - Fair Value Disclosure
Note 17 - Fair Value Disclosure | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 17—FAIR 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 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 December 31, 2018 2017, third two no no December 31, 2018 2017, (Dollars in thousands) Valuation December 31, Hierarchy 2018 2017 Available for Sale Securities: U.S. Government Agencies Level II $ 80,579 $ 65,888 Obligations of States and Political Subdivisions Level II 44,601 38,988 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 97,771 16,978 Equity Securities - Mutual Funds Level I 968 503 Equity Securities - Other Level I 1,490 1,226 Total Available for Sale Securities $ 225,409 $ 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, and 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) Significant Valuation Fair Value at December 31, Valuation Significant Unobservable Financial Asset Hierarchy 2018 2017 Techniques Unobservable Inputs Input Value Impaired Loans Level III $ 788 $ 2,866 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III 46 321 Market Comparable Properties Marketability Discount 10% to 50% (1) ( 1 Range includes discounts taken since appraisal and estimated values. Impaired loans are evaluated and valued at the time the loan is identified as impaired, at the lower of cost or fair value. 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 December 31, 2018 2017, $7.9 $10.7 December 31, 2018 2017 $1.8 $4.5 $1.0 $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 year ended December 31, 2018, one $697,000 one $46,000 one $19,000. December 31, 2017, three $155,000, $152,000 $14,000 $155,000 $14,000 $27,000 $9,000, December 31, 2018. 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 The estimated fair values of the Company’s financial instruments at December 31, 2018 2017, (Dollars in thousands) 2018 2017 Valuation Carrying Fair Carrying Fair Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 36,736 $ 36,736 $ 11,685 $ 11,685 Non-Interest Bearing Level I 16,617 16,617 8,937 8,937 Investment Securities: Available for Sale See Above 225,409 225,409 123,583 123,583 Loans, Net Level III 903,314 899,673 735,596 741,020 Restricted Stock Level II 3,909 3,909 4,340 4,340 Bank-Owned Life Insurance Level II 22,922 22,922 19,151 19,151 Accrued Interest Receivable Level II 3,436 3,436 2,707 2,707 Financial Liabilities: Deposits Level II 1,086,658 1,085,708 773,344 772,080 Short-term Borrowings Level II 30,979 30,979 39,605 39,605 Other Borrowed Funds Level II 20,000 19,733 24,500 24,443 Accrued Interest Payable Level II 594 594 430 430 |
Note 18 - Other Noninterest Exp
Note 18 - Other Noninterest Expense | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Other Operating Income and Expense [Text Block] | NOTE 18—OTHER Other noninterest expense that exceeds 10% December 31, 2018 2017, (Dollars in thousands) 2018 2017 OTHER NONINTEREST EXPENSE Non-employee compensation $ 619 $ 409 Printing and supplies 578 385 Postage 248 218 Telephone 557 398 Charitable contributions 147 140 Dues and subscriptions 215 234 Loan expenses 488 409 Meals and entertainment 180 145 Travel 239 162 Training 69 29 Miscellaneous 1,201 783 TOTAL OTHER NONINTEREST EXPENSE $ 4,541 $ 3,312 |
Note 19 - Condensed Financial S
Note 19 - Condensed Financial Statements of Parent Company | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | NOTE 19—CONDENSED Financial information pertaining only to CB Financial Services, Inc., is as follows: Statement of Financial Condition (Dollars in thousands) December 31, 2018 2017 ASSETS Cash and Due From Banks $ 1,026 $ 692 Investment Securities, Available-for-Sale 1,488 1,226 Investment in Community Bank 134,220 90,260 Other Assets 892 1,276 TOTAL ASSETS $ 137,626 $ 93,454 LIABILITIES AND STOCKHOLDERS' EQUITY Other Liabilities $ - $ 198 Stockholders Equity 137,626 93,256 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 137,626 $ 93,454 Statement of Income (Dollars in thousands) Years Ended December 31, 2018 2017 Interest and Dividend Income $ 54 $ 41 Dividend from Bank Subsidiary 4,528 4,047 Noninterest Income (50 ) 207 Noninterest Expense (880 ) (356 ) Income Before Undistributed Net Income of Subsidiary and Income (Benefit) Taxes 3,652 3,939 Undistributed Net Income of Subsidiary 3,264 3,072 Income Before Income (Benefit) Taxes 6,916 7,011 Income (Benefit) Taxes (136 ) 67 NET INCOME $ 7,052 $ 6,944 Statement of Comprehensive Income (Dollars in thousands) Years Ended December 31, 2018 2017 Net Income $ 7,052 $ 6,944 Other Comprehensive (Loss) Income: Unrealized Losses on Available-for-Sale Securities Net of Income Benefit Tax of ($11) and ($16), for the Years Ended December 31, 2018 and 2017, Respectively (39 ) (31 ) Reclassification Adjustment for Gains on Securities Included in Net Income, Net of Income Tax of $70 for the Year Ended December 31, 2017. (1) - (137 ) Other Comprehensive Loss (39 ) (168 ) Total Comprehensive Income $ 7,013 $ 6,776 ( 1 The gross amount of gains on securities of $207 December 31, 2017, $70, December 31, 2017, Statement of Cash Flows (Dollars in thousands) Years Ended December 31, 2018 2017 OPERATING ACTIVITIES Net Income $ 7,052 $ 6,944 Αdjustmеnts to Rеconcilе Net Income to Net Cash Provided By Operating Activities: Undistributed Net Income of Subsidiary (3,264 ) (3,072 ) Gain on Sales of Investment Securities - (207 ) Noncash Expense for Stock-Based Compensation 482 361 Other, net 247 96 NET CASH PROVIDED BY OPERATING ACTIVITIES 4,517 4,122 INVESTING ACTIVITIES Purchases of Securities (204 ) (1,058 ) Proceeds from Sales of Securities - 1,184 Net Cash Received from Acquisition 802 - NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 598 126 FINANCING ACTIVITIES Cash Dividends Paid (4,529 ) (3,597 ) Treasury Stock, Purchases at Cost (317 ) (10 ) Stock Award Grant (148 ) (112 ) Exercise of Stock Options 213 31 NET CASH USED IN FINANCING ACTIVITIES (4,781 ) (3,688 ) INCREASE IN CASH AND EQUIVALENTS 334 560 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 692 132 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 1,026 $ 692 |
Note 20 - Quarterly Financial I
Note 20 - Quarterly Financial Information (Unaudited) | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Quarterly Financial Information [Text Block] | NOTE 20—QUARTERLY The following tables summarize selected information regarding the Company’s results of operations for the periods indicated (dollars in thousands, except per share date). Quarterly earnings per share data may Three Months Ended 2018 March 31 June 30 September 30 December 31 Interest Income $ 8,707 $ 10,690 $ 11,764 $ 12,465 Interest Expense 1,099 1,517 1,594 1,739 Net Interest Income 7,608 9,173 10,170 10,726 Provision for Loan Losses 1,500 600 25 400 Net Interest Income after Provision for Loan Losses 6,108 8,573 10,145 10,326 Noninterest Income 2,086 2,125 2,088 2,040 Noninterest Expense 6,667 9,494 9,365 9,375 Income before Income Taxes 1,527 1,204 2,868 2,991 Income Taxes 167 234 576 561 Net Income $ 1,360 $ 970 $ 2,292 $ 2,430 Earnings Per Share - Basic $ 0.33 $ 0.19 $ 0.42 $ 0.48 Earnings Per Share - Diluted 0.33 0.19 0.42 0.46 Dividends Per Share 0.22 0.22 0.22 0.23 Three Months Ended 2017 March 31 June 30 September 30 December 31 Interest Income $ 7,791 $ 7,949 $ 8,213 $ 8,481 Interest Expense 796 814 860 904 Net Interest Income 6,995 7,135 7,353 7,577 Provision for Loan Losses 420 300 300 850 Net Interest Income after Provision for Loan Losses 6,575 6,835 7,053 6,727 Noninterest Income 2,076 1,966 1,818 1,940 Noninterest Expense 6,217 6,304 5,897 6,754 Income before Income Taxes 2,434 2,497 2,974 1,913 Income Taxes 730 696 910 538 Net Income $ 1,704 $ 1,801 $ 2,064 $ 1,375 Earnings Per Share - Basic $ 0.42 $ 0.44 $ 0.50 $ 0.34 Earnings Per Share - Diluted 0.42 0.44 0.50 0.33 Dividends Per Share 0.22 0.22 0.22 0.22 |
Note 21 - Segment and Related I
Note 21 - Segment and Related Information | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 21—SEGMENT At December 31, 2018, two The following is a table of selected financial data for the Company’s subsidiaries and consolidated results for 2018 2017. CB Financial Services, Inc. Segment Reporting (Dollars in thousands) Community Exchange CB Financial Net Consolidated December 31, 2018 Assets $ 1,278,513 $ 5,155 $ 137,908 $ (140,275 ) $ 1,281,301 Liabilities 1,144,293 2,445 282 (3,344 ) 1,143,676 Stockholders' equity 134,220 2,710 137,626 (136,931 ) 137,625 December 31, 2017 Assets $ 932,524 $ 2,117 $ 93,454 $ (93,609 ) $ 934,486 Liabilities 842,265 997 198 (2,230 ) 841,230 Stockholders' equity 90,259 1,120 93,256 (91,379 ) 93,256 Year Ended December 31, 2018 Total interest income $ 43,574 $ - $ 52 $ - $ 43,626 Total interest expense 5,949 - - - 5,949 Net interest income 37,625 - 52 - 37,677 Provision for loan losses 2,525 - - - 2,525 Net interest income after provision for loan losses 35,100 - 52 - 35,152 Noninterest income 8,339 3,751 - (3,751 ) 8,339 Noninterest expense 33,984 3,183 917 (3,183 ) 34,901 Income before income tax expense (benefit) 9,455 568 (865 ) (568 ) 8,590 Income tax expense (benefit) 1,659 133 (121 ) (133 ) 1,538 Net income of CB Financial Services Inc. $ 7,796 $ 435 $ (744 ) $ (435 ) $ 7,052 Year Ended December 31, 2017 Total interest income $ 32,393 $ - $ 41 $ - $ 32,434 Total interest expense 3,374 - - - 3,374 Net interest income 29,019 - 41 - 29,060 Provision for loan losses 1,870 - - - 1,870 Net interest income after provision for loan losses 27,149 - 41 - 27,190 Noninterest income 7,593 3,572 207 (3,572 ) 7,800 Noninterest expense 24,816 2,520 356 (2,520 ) 25,172 Income before income tax expense (benefit) 9,926 1,052 (108 ) (1,052 ) 9,818 Income tax expense (benefit) 2,806 406 68 (406 ) 2,874 Net income of CB Financial Services Inc. $ 7,120 $ 646 $ (176 ) $ (646 ) $ 6,944 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 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., and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters”). CB Financial Services, Inc., and Community Bank are collectively referred to as the “Company.” All intercompany transactions and balances have been eliminated in consolidation. |
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 through its subsidiary, Community Bank; a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank operates from sixteen seven one Effective April 30, 2018, eight seven one 1,317,647 $9.8 $51.3 The Company has evaluated events and transactions occurring subsequent to the balance sheet date of December 31, 2018 |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and with general practice within the banking industry. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statement of Financial Condition, and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to fair value of investment securities available for sale, determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, other-than-temporary impairment evaluations of securities, the valuation of deferred tax assets and the evaluation of goodwill impairment. |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition Income on loans and investments is recognized as earned on the accrual method. Service charges and fees on deposit accounts are recognized at the time the customer account is charged. Gains and losses on sales of mortgages are based on the difference between the selling price and the carrying value of the related mortgage sold. Exchange Underwriters records insurance commissions based on the method in which the policy is billed. For policies that Exchange Underwriters directly bills to policyholders, known as “agency billing,” income is recorded when billed. For policies a third The Company adopted ASU 2014 09, Revenue from Contracts with Customers, 606 not January 1, 2018. 4, |
Segment Reporting, Policy [Policy Text Block] | Operating Segments In the fourth 2018, 280, Segment Reporting, 10% August 1, 2018, $1.8 9.5 December 31, 2018, two 21. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Due From Banks Included in Cash and Due From Banks are required federal reserves of $1.7 $3.3 December 31, 2018 2017, |
Marketable Securities, Policy [Policy Text Block] | Investment Securities Investment securities are classified at the time of purchase, based on management’s intentions and ability, as securities held to maturity or securities available-for-sale. Debt securities acquired with the intent and the ability to hold to maturity are stated at cost adjusted for amortization of premium and accretion of discount, which are computed using a level yield method and recognized as adjustments to interest income. Unrealized holding gains and losses for available-for-sale debt securities are reported as a separate component of stockholders’ equity, net of tax, until realized. Due to the current year adoption of Accounting Standards Update (“ASU”) 2016 01, Financial Instruments – Overall (Subtopic 825 10 1, Common stock of the Federal Home Loan Bank (“FHLB”) and of Atlantic Community Bankers’ Bank (“ACBB”) represent ownership in organizations that are wholly owned by other financial institutions. These restricted equity securities are accounted for based on industry guidance in ASC Sub-Topic 325 20, $3.8 $4.3 December 31, 2018 2017, $85,000 December 31, 2018 2017. The Company periodically evaluates its FHLB investment for possible impairment based on, among other things, the capital adequacy of the FHLB and its overall financial condition. The Company believes its holdings in the stock are ultimately recoverable at par value at December 31, 2018, not not |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Loans Receivable and Allowance for Loan Losses Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the principal amount outstanding net of deferred loan fees and the allowance for loan losses. The Company’s loan portfolio is segmented to enable management to monitor risk and performance. The real estate loans are further segregated into three Residential mortgage and construction loans are typically longer-term loans and, therefore, generally present greater interest rate risk than the consumer and commercial loans. Under certain economic conditions, housing values may may not not may Accrual of interest on loans is generally discontinued when it is determined that a reasonable doubt exists as to the collectability of principal, interest, or both. Payments received on nonaccrual loans are recorded as income or applied against principal according to management’s judgment as to the collectability of such principal. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, and current and future payments are reasonably assured. The Company uses an eight first four not not not not In the normal course of business, the Company modifies loan terms for various reasons. These reasons may When the Company restructures a loan for a troubled borrower, the loan terms (i.e., interest rate, payment, amortization period and/or maturity date) are modified in such a way to enable the borrower to cover the modified debt service payments based on current financials and cash flow adequacy. If the hardship is thought to be temporary, then modified terms are offered only for that time period. Where possible, the Company obtains additional collateral and/or secondary payment sources at the time of the restructure. To date, the Company has not not All loans designated as TDRs are considered impaired loans and may not may six The performance and credit quality of the loan portfolio are also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. Loan origination and commitment fees as well as certain direct loan origination costs are being deferred and the net amount amortized as an adjustment to the related loan’s yield. These amounts are being amortized over the contractual lives of the related loans. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance based on potential losses in the current loan portfolio, which includes an assessment of economic conditions, changes in the nature and volume of the loan portfolio, loan loss experience, volume and severity of past due, classified and nonaccrual loans as well as other loan modifications, quality of the Company’s loan review system, the degree of oversight by the Company’s board of directors, existence and effect of any concentrations of credit and changes in the level of such concentrations, effect of external factors, such as competition and legal and regulatory requirements, and other relevant factors. While management uses the best information available to make such evaluations, future adjustments to the allowance may The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. A loan is considered to be impaired when, based upon current information and events, it is probable that the Company will be unable to collect all amounts due for principal and interest according to the original contractual terms of the loan agreement. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured based on the present value of expected future cash flows discounted at a loan’s effective interest rate, or as a practical expedient, the observable market price, or, if the loan is collateral dependent, the fair value of the underlying collateral. When the measurement of an impaired loan is less than the recorded investment in the loan, the impairment is recorded in a specific valuation allowance through a charge to the provision for loan losses. This specific valuation allowance is periodically adjusted for significant changes in the amount or timing of expected future cash flows, observable market price or fair value of the collateral. The specific valuation allowance, or allowance for impaired loans, is part of the total allowance for loan losses. Cash payments received on impaired loans that are considered non-accrual are recorded as a direct reduction of the recorded investment in the loan. When the recorded investment has been fully collected, receipts are recorded as recoveries to the allowance for loan losses until the previously charged-off principal is fully recovered. Subsequent amounts collected are recognized as interest income. If no not The general component covers pools of loans by loan class, including commercial loans not two Loans that were acquired in previous mergers, were recorded at fair value with no third The excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount, which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be first Generally, management considers all nonaccrual loans and certain renegotiated debt, when it exists, for impairment. The maximum period without payment that typically can occur before a loan is considered for impairment is 90 The Company grants commercial, residential, and other consumer loans to customers throughout southwestern Pennsylvania in Greene, Washington, Allegheny, Fayette and Westmoreland Counties; West Virginia in Brooke, Marshall, Ohio, Upshur and Wetzel Counties; and Belmont County in Ohio. Although the Company had a diversified loan portfolio at December 31, 2018 2017, |
Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation is principally computed on the straight-line method over the estimated useful lives of the related assets, which range from three seven 27.5 40 seven fifteen |
Bank Owned Life Insurance [Policy Text Block] | Bank-Owned Life Insurance The Company is the owner and beneficiary of bank-owned life insurance (“BOLI”) policies on certain employees. The earnings from the BOLI policies are recognized as a component of noninterest income. The BOLI policies are an asset that can be liquidated, if necessary, with associated tax costs. However, the Company intends to hold these policies and, accordingly, the Company has not |
Real Estate, Policy [Policy Text Block] | Real Estate Owned Real estate owned acquired in settlement of foreclosed loans is carried as a component of other assets at the lower of cost or fair value minus estimated cost to sell. Prior to foreclosure, the estimated collectible value of the collateral is evaluated to determine if a partial charge-off of the loan balance is necessary. After transfer to real estate owned, any subsequent write-downs are charged against noninterest expense. Direct costs incurred in the foreclosure process and subsequent holding costs incurred on such properties are recorded as expenses of current operations. Real estate owned was $917,000 $326,000 December 31, 2018 2017, $46,000 $168,000 December 31, 2018 2017, $1.4 $1.5 December 31, 2018 2017, |
Income Tax, Policy [Policy Text Block] | Income Taxes The income tax decrease was due to the December 22, 2017, 34% 21% January 1, 2018. 2018 12 The Company accounts for income taxes in accordance with income tax accounting guidance in ASC Topic 740, Income Taxes two Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not 50%; not 50% not not not not The Company recognizes interest and penalties on income taxes as a component of income tax expense. |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights. Intangible assets that have finite lives, such as core deposit intangibles, customer relationship intangibles and renewal lists, are amortized over their estimated useful lives and subject to periodic impairment testing. Core deposit intangibles are primarily amortized over six ten eight thirteen Goodwill and other intangibles are subject to impairment testing at the reporting unit level, which must be conducted at least annually. We perform impairment testing as of October 31, Determining the fair value of a reporting unit under the goodwill impairment test is judgmental and often involves the use of significant estimates and assumptions. Similarly, estimates and assumptions are used in determining the fair value of other intangible assets. Estimates of fair value are primarily determined using discounted cash flows, market comparisons and recent transactions. These approaches use significant estimates and assumptions including projected future cash flows, discount rates reflecting the market rate of return, projected growth rates and determination and evaluation of appropriate market comparables. However, future events could cause us to conclude that goodwill or other intangibles have become impaired, which would result in recording an impairment loss. Any resulting impairment loss could have a material adverse impact on our financial condition and results of operations. During the fourth 2018, one two December 31, 2018 – 100 one no |
Mortgage Service Rights [Policy Text Block] | Mortgage Servicing Rights (“MSRs”) The Company has agreements for the express purpose of selling loans in the secondary market. The Company maintains all servicing rights for these loans. Originated MSRs are recorded by allocating total costs incurred between the loan and servicing rights based on their relative fair values. MSRs are amortized in proportion to sold mortgages that are serviced and are included in other assets on the accompanying Consolidated Statement of Financial Condition. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of MSRs is netted against loan servicing fee income. The carrying and fair values of the MSRs and related amortization are not |
Stockholders' Equity, Policy [Policy Text Block] | Treasury Stock The purchase of the Company’s common stock is recorded at cost. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on the average cost basis, with any excess proceeds being credited to capital surplus. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) is comprised of unrealized holding gains (losses) on available-for-sale debt securities, net of tax. |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share The Company provides dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated utilizing the reported net income as the numerator and weighted average shares outstanding as the denominator. The computation of diluted earnings per share differs in that the dilutive effects of any options, and convertible securities are adjusted for in the denominator. Treasury shares are not |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation In 2015, 2015 May 20, 2015, no may ten May 20, 2015. may 407,146 two 271,431 may one third 135,715 may one third three one third ASC Topic 718, Compensation – Stock Compensation, not one December 14, 2018 five 20% five 20% 10 |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Flow Information The Company has defined cash equivalents as those amounts due from depository institutions, interest-bearing deposits with other banks with maturities of less than 90 |
Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block] | Advertising Costs Advertising costs are expensed as incurred. |
Prior Period Error Recognition [Policy Text Block] | Correction of Immaterial Error The Company identified an error in the presentation of the Consolidated Statements of Changes in Stockholders’ Equity as of September 30, 2018. The Company evaluated the effect of the incorrect presentation of the Consolidated Statement of Changes in Stockholders’ Equity as of September 30, 2018. not Management corrected the classification of issuance of common shares as of December 31, 2018. no September 30, 2018. (dollars in thousands) As originally reported: Captial Surplus $ 73,632 Retained Earnings 66,460 Reclassification adjustment: Captial Surplus $ 9,801 Retained Earnings (9,801 ) As revised: Captial Surplus $ 83,433 Retained Earnings 56,659 Recognition of a Prior Period Error In April 2018, April 2017. first $300,000 2018. As a result of this error, the Company’s 2018 $300,000, $63,000, $237,000, $.0.06 2017 250, Accounting Changes and Error Corrections 2018 2017 |
Reclassification, Policy [Policy Text Block] | Reclassifications Certain comparative amounts for prior periods 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 February 2018, 2018 02, Income Statement - Reporting Comprehensive Income (Topic 220 220, December 31, 2017 ( 12 2018 02 2018 02 However, because the amendments only relate to the reclassification of the income tax effects of the Tax Act, the underlying GAAP guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not December 15, 2018, The Company early adopted the provisions of ASU 2018 02 December 31, 2017, $220,000 35 21 12 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, $1.7 16 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 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, 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, $1.7 16 In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10 2016 01 2016 01 December 15, 2017, 2016 01 first 2018. January 1, 2018, one $40,000 $63,000 December 31, 2018. In May 2014, 2014 09, Revenue from Contracts with Customers 2014 09 2014 09 December 15, 2017. 2014 09 first 2018 606. 606 606 4 606. |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | (dollars in thousands) As originally reported: Captial Surplus $ 73,632 Retained Earnings 66,460 Reclassification adjustment: Captial Surplus $ 9,801 Retained Earnings (9,801 ) As revised: Captial Surplus $ 83,433 Retained Earnings 56,659 |
Note 2 - Merger (Tables)
Note 2 - Merger (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Consideration Paid: Provision at Measurement December 31, 2018 Cash Paid for Redemption of FWVB Common Stock $ 9,801 $ - $ 9,801 CB Financial Common Stock Issued in - Exchange for FWVB Common Stock 41,527 - 41,527 Total Consideration Paid 51,328 - 51,328 Assets Acquired: Cash and Cash Equivalents 30,433 - 30,433 Net Loans 95,456 - 95,456 Investment Securities 187,628 - 187,628 Premises and Equipment 13,047 (9,335 ) 3,712 Bank Owned Life Insurance 4,212 - 4,212 Core Deposit Intangible 12,789 (3,662 ) 9,127 Deferred Tax Assets (87 ) 1,411 1,324 Other Assets 3,030 - 3,030 Total Assets Acquired 346,508 (11,586 ) 334,922 Liabilities Assumed: Deposits 281,620 - 281,620 Borrowings 22,329 - 22,329 Other Liabilities 3,117 - 3,117 Total Liabilities Assumed 307,066 - 307,066 Total Identifiable Net Assets 39,442 (11,586 ) 27,856 Goodwill Recognized $ 11,886 $ 11,586 $ 23,472 |
Business Acquisition, Pro Forma Information [Table Text Block] | Years Ended December 31, 2018 2017 Net Interest Income $ 41,357 $ 37,944 Noninterest Income 8,649 8,779 Noninterest Expense 39,737 33,733 Net Income 8,010 8,444 Earnings Per Share: Basic $ 1.61 $ 1.69 Diluted 1.59 1.68 |
Note 3 - Earnings Per Share (Ta
Note 3 - Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Years Ended December 31, 2018 2017 Weighted-Average Common Shares Outstanding 5,247,794 4,363,346 Average Treasury Stock Shares (265,980 ) (275,155 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 4,981,814 4,088,191 Additional Common Stock Equivalents (Stock Options) Used to Calculate Diluted Earnings Per Share 49,316 22,181 Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 5,031,130 4,110,372 Earnings per share: Basic $ 1.42 $ 1.70 Diluted 1.40 1.69 |
Note 4 - Revenue Recognition _2
Note 4 - Revenue Recognition From Contracts With Customers (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | (Dollars in thousands) Year Ended As reported Under Legacy Impact of NONINTEREST INCOME Service Fees on Deposit Accounts $ 2,970 $ 2,970 $ - Insurance Commissions 3,763 3,754 9 Other Commissions 947 947 - Other 135 135 - Total 7,815 7,806 9 NONINTEREST EXPENSE Other Real Estate Owned Expense 48 48 - Total 48 48 - Net Impact 7,767 7,758 9 Income Tax Expense $ 1,631 $ 1,629 $ 2 Net Income $ 7,052 $ 7,045 $ 7 Basic earnings per share $ 1.42 $ 1.41 $ - Diluted earnings per share $ 1.40 $ 1.40 $ - |
Disaggregation of Revenue [Table Text Block] | (Dollars in thousands) Year Ended NONINTEREST INCOME Service Fees on Deposit Accounts (a) $ 2,970 Insurance Commissions 3,763 Other Commissions (c) 947 Net Gains on Sales of Loans (b) 171 Net Gains on Sales of Investments (b) - Fair Value of Equity Securities (b) (63 ) Net Gains on Purchased Tax Credits (b) 44 Net Loss on Disposal of Fixed Assets (b) (137 ) Income from Bank-Owned Life Insurance (b) 509 Other (b) 135 Total non-interest income 8,339 NONINTEREST EXPENSE Other Real Estate Owned Expense 48 Total non-interest expense 48 Net non-interest income $ 8,291 |
Note 5 - Investment Securities
Note 5 - Investment Securities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | (Dollars in thousands) 2018 Amortized Gross Gross Fair U.S. Government Agencies $ 82,506 $ 160 $ (2,087 ) $ 80,579 Obligations of States and Political Subdivisions 44,737 230 (366 ) 44,601 Mortgage-Backed Securities - Government-Sponsored Enterprises 97,535 582 (346 ) 97,771 Equity Securities - Mutual Funds 1,000 - (32 ) 968 Equity Securities - Other 1,502 92 (104 ) 1,490 Total $ 227,280 $ 1,064 $ (2,935 ) $ 225,409 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) 2018 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies - $ - $ - 23 $ 65,450 $ (2,087 ) 23 $ 65,450 $ (2,087 ) Obligations of States and Political Subdivisions 24 13,212 (133 ) 25 11,918 (233 ) 49 25,130 (366 ) Mortgage-Backed Securities - Government Sponsored Enterprises - - - 9 13,874 (346 ) 9 13,874 (346 ) Equity Securities - Mutual Fund 2 968 (32 ) - - - 2 968 (32 ) Equity Securities - Other 7 592 (68 ) 3 225 (36 ) 10 817 (104 ) Total 33 $ 14,772 $ (233 ) 60 $ 91,467 $ (2,702 ) 93 $ 106,239 $ (2,935 ) 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) 2018 Available-for-Sale Amortized Fair Due in One Year or Less $ 2,258 $ 2,282 Due after One Year through Five Years 75,977 74,066 Due after Five Years through Ten Years 50,681 50,591 Due after Ten Years 98,364 98,470 Total $ 227,280 $ 225,409 |
Investments Classified by State and Political Subdivisions, Available for Sale and Held to Maturity [Table Text Block] | (Dollars in thousands) 2018 2017 Amortized Fair Amortized Fair General Obligation: Pennsylvania Municipalities: School $ 27,319 $ 27,143 $ 29,671 $ 29,755 Public Improvement 3,532 3,508 3,095 3,103 Other State Municipalities: School 4,296 4,277 - - Public Improvement 5,321 5,370 - - Total General Obligation 40,468 40,298 32,766 32,858 Special Revenue Pennsylvania Political Subdivisions: Other 2,144 2,133 2,221 2,227 Other State Political Subdivisions: School - - 2,653 2,659 Public Improvement 330 342 977 992 Water and Sewer - - 250 252 Other 1,795 1,828 - - Total Special Revenue 4,269 4,303 6,101 6,130 Total Obligations of States and Political Subdivisions $ 44,737 $ 44,601 $ 38,867 $ 38,988 |
Note 6 - Loans and Related Al_2
Note 6 - Loans and Related Allowance for Loan Losses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (Dollars in thousands) 2018 2017 Originated Loans Real Estate: Residential $ 233,679 $ 200,486 Commercial 212,268 160,235 Construction 46,824 36,149 Commercial and Industrial 97,466 100,294 Consumer 119,731 114,358 Other 11,623 3,376 Total Originated Loans 721,591 614,898 Allowance for Loan Losses (8,942 ) (8,215 ) Loans, Net $ 712,649 $ 606,683 Loans Acquired at Fair Value Real Estate: Residential $ 91,277 $ 72,952 Commercial 74,876 48,802 Construction 2,000 - Commercial and Industrial 15,730 7,541 Consumer 2,510 199 Other 4,888 - Total Loans Acquired at Fair Value 191,281 129,494 Allowance for Loan Losses (616 ) (581 ) Loans, Net $ 190,665 $ 128,913 Total Loans Real Estate: Residential $ 324,956 $ 273,438 Commercial 287,144 209,037 Construction 48,824 36,149 Commercial and Industrial 113,196 107,835 Consumer 122,241 114,557 Other 16,511 3,376 Total Loans 912,872 744,392 Allowance for Loan Losses (9,558 ) (8,796 ) Loans, Net $ 903,314 $ 735,596 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (Dollars in thousands) 2018 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 232,059 $ 1,071 $ 549 $ - $ 233,679 Commercial 205,284 5,109 704 1,171 212,268 Construction 43,522 2,902 400 - 46,824 Commercial and Industrial 87,361 8,810 228 1,067 97,466 Consumer 119,648 - 83 - 119,731 Other 11,623 - - - 11,623 Total Originated Loans $ 699,497 $ 17,892 $ 1,964 $ 2,238 $ 721,591 Loans Acquired at Fair Value Real Estate: Residential $ 89,490 $ 851 $ 936 $ - $ 91,277 Commercial 67,221 7,175 480 - 74,876 Construction 2,000 - - - 2,000 Commercial and Industrial 15,714 - 16 - 15,730 Consumer 2,510 - - - 2,510 Other 4,785 103 - - 4,888 Total Loans Acquired at Fair Value $ 181,720 $ 8,129 $ 1,432 $ - $ 191,281 Total Loans Real Estate: Residential $ 321,549 $ 1,922 $ 1,485 $ - $ 324,956 Commercial 272,505 12,284 1,184 1,171 287,144 Construction 45,522 2,902 400 - 48,824 Commercial and Industrial 103,075 8,810 244 1,067 113,196 Consumer 122,158 - 83 - 122,241 Other 16,408 103 - - 16,511 Total Loans $ 881,217 $ 26,021 $ 3,396 $ 2,238 $ 912,872 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 Construction - - - - - 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) 2018 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 231,154 $ 1,374 $ 72 $ 324 $ 1,770 $ 755 $ 233,679 Commercial 212,002 84 182 - 266 - 212,268 Construction 46,824 - - - - - 46,824 Commercial and Industrial 96,222 216 - - 216 1,028 97,466 Consumer 118,256 1,319 70 3 1,392 83 119,731 Other 11,623 - - - - - 11,623 Total Originated Loans $ 716,081 $ 2,993 $ 324 $ 327 $ 3,644 $ 1,866 $ 721,591 Loans Acquired at Fair Value Real Estate: Residential $ 89,405 $ 408 $ 65 $ - $ 473 $ 1,399 $ 91,277 Commercial 74,799 77 - - 77 - 74,876 Construction 2,000 - - - - - 2,000 Commercial and Industrial 15,662 52 - - 52 16 15,730 Consumer 2,491 18 1 - 19 - 2,510 Other 4,888 - - - - - 4,888 Total Loans Acquired at Fair Value $ 189,245 $ 555 $ 66 $ - $ 621 $ 1,415 $ 191,281 Total Loans Real Estate: Residential $ 320,559 $ 1,782 $ 137 $ 324 $ 2,243 $ 2,154 $ 324,956 Commercial 286,801 161 182 - 343 - 287,144 Construction 48,824 - - - - - 48,824 Commercial and Industrial 111,884 268 - - 268 1,044 113,196 Consumer 120,747 1,337 71 3 1,411 83 122,241 Other 16,511 - - - - - 16,511 Total Loans $ 905,326 $ 3,548 $ 390 $ 327 $ 4,265 $ 3,281 $ 912,872 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 Construction - - - - - - - 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 |
Impaired Financing Receivables [Table Text Block] | (Dollars in thousands) 2018 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 71 $ - $ 74 $ 82 $ 4 Commercial 1,550 - 1,550 1,626 74 Construction 400 - 400 466 25 Commercial and Industrial 382 - 394 403 5 Total With No Related Allowance Recorded $ 2,403 $ - $ 2,418 $ 2,577 $ 108 Loans Acquired at Fair Value Real Estate: Residential $ 1,212 $ - $ 1,212 $ 1,234 $ 63 Commercial 2,466 - 2,466 1,868 123 Total With No Related Allowance Recorded $ 3,678 $ - $ 3,678 $ 3,102 $ 186 Total Loans Real Estate: Residential $ 1,283 $ - $ 1,286 $ 1,316 $ 67 Commercial 4,016 - 4,016 3,494 197 Construction 400 - 400 466 25 Commercial and Industrial 382 - 394 403 5 Total With No Related Allowance Recorded $ 6,081 $ - $ 6,096 $ 5,679 $ 294 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 674 $ 211 $ 674 $ 716 $ 40 Commercial and Industrial 1,066 787 1,171 1,193 63 Total With A Related Allowance Recorded $ 1,740 $ 998 $ 1,845 $ 1,909 $ 103 Loans Acquired at Fair Value Real Estate: Commercial $ 44 $ 8 $ 44 $ 29 $ 3 Commercial and Industrial 16 6 16 16 - Total With A Related Allowance Recorded $ 60 $ 14 $ 60 $ 45 $ 3 Total Loans Real Estate: Commercial $ 718 $ 219 $ 718 $ 745 $ 43 Commercial and Industrial 1,082 793 1,187 1,209 63 Total With A Related Allowance Recorded $ 1,800 $ 1,012 $ 1,905 $ 1,954 $ 106 2018 (cont.) Recorded Related Unpaid Average Interest Total Impaired Loans: Originated Loans Real Estate: Residential $ 71 $ - $ 74 $ 82 $ 4 Commercial 2,224 211 2,224 2,342 114 Construction 400 - 400 466 25 Commercial and Industrial 1,448 787 1,565 1,596 68 Total Impaired Loans $ 4,143 $ 998 $ 4,263 $ 4,486 $ 211 Loans Acquired at Fair Value Real Estate: Residential $ 1,212 $ - $ 1,212 $ 1,234 $ 63 Commercial 2,510 8 2,510 1,897 126 Commercial and Industrial 16 6 16 16 - Total Impaired Loans $ 3,738 $ 14 $ 3,738 $ 3,147 $ 189 Total Loans Real Estate: Residential $ 1,283 $ - $ 1,286 $ 1,316 $ 67 Commercial 4,734 219 4,734 4,239 240 Construction 400 - 400 466 25 Commercial and Industrial 1,464 793 1,581 1,612 68 Total Impaired Loans $ 7,881 $ 1,012 $ 8,001 $ 7,633 $ 400 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 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 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | (Dollars in thousands) Year Ended December 31, 2018 Number Pre- Post- Related Originated Loans Commercial and Industrial 1 $ 161 $ 161 $ - Total 1 $ 161 $ 161 $ - Loans Acquired at Fair Value Real Estate Residential 1 $ 7 $ 7 $ - Total 1 $ 7 $ 7 $ - Year Ended December 31, 2017 Number Pre- Post- Related Originated Loans Real Estate Residential 1 $ 61 $ 61 $ - Total 1 $ 61 $ 61 $ - |
Schedule of Accretable Discount on Loans Acquired at Fair Value [Table Text Block] | Accretable Discount Balance at December 31, 2016 $ 1,640 Accretable yield (597 ) Reduction due to unexpected early payoffs (171 ) Nonaccretable discount (112 ) Balance at December 31, 2017 760 Acquired Loan Purchase Accounting Adjustment related to FWVB Merger at April 30, 2018 1,348 Accretable yield (299 ) Adjustment due to unexpected early payoffs 98 Nonaccretable premium 5 Balance at December 31, 2018 $ 1,912 |
Schedule of Related Party Transactions [Table Text Block] | (Dollars in thousands) 2018 2017 Balance, January 1 $ 7,173 $ 7,545 Additions 2,000 362 Payments (2,939 ) (734 ) Balance, December 31 $ 6,234 $ 7,173 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (Dollars in thousands) 2018 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Beginning Balance $ 891 $ 1,799 $ 276 $ 2,461 $ 2,358 $ - $ 430 $ 8,215 Charge-offs (28 ) - - (1,398 ) (597 ) - - (2,023 ) Recoveries 19 51 - 5 150 - - 225 Provision 159 195 118 2,070 116 - (133 ) 2,525 Ending Balance $ 1,041 $ 2,045 $ 394 $ 3,138 $ 2,027 $ - $ 297 $ 8,942 Individually Evaluated for Impairment $ - $ 211 $ - $ 787 $ - $ - $ - $ 998 Collectively Evaluated for Potential Impairment $ 1,041 $ 1,834 $ 394 $ 2,351 $ 2,027 $ - $ 297 $ 7,944 Loans Acquired at Fair Value Beginning Balance $ - $ 490 $ - $ 83 $ - $ - $ 8 $ 581 Charge-offs (36 ) - - (58 ) - - - (94 ) Recoveries 9 117 - - 3 - - 129 Provision 27 (131 ) - 82 (3 ) - 25 - Ending Balance $ - $ 476 $ - $ 107 $ - $ - $ 33 $ 616 Individually Evaluated for Impairment $ - $ 8 $ - $ 6 $ - $ - $ - $ 14 Collectively Evaluated for Potential Impairment $ - $ 468 $ - $ 101 $ - $ - $ 33 $ 602 Total Allowance for Loan Losses Beginning Balance $ 891 $ 2,289 $ 276 $ 2,544 $ 2,358 $ - $ 438 $ 8,796 Charge-offs (64 ) - - (1,456 ) (597 ) - - (2,117 ) Recoveries 28 168 - 5 153 - - 354 Provision 186 64 118 2,152 113 - (108 ) 2,525 Ending Balance $ 1,041 $ 2,521 $ 394 $ 3,245 $ 2,027 $ - $ 330 $ 9,558 Individually Evaluated for Impairment $ - $ 219 $ - $ 793 $ - $ - $ - $ 1,012 Collectively Evaluated for Potential Impairment $ 1,041 $ 2,302 $ 394 $ 2,452 $ 2,027 $ - $ 330 $ 8,546 2017 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans Beginning Balance $ 1,106 $ 1,942 $ 65 $ 1,579 $ 2,463 $ - $ 128 $ 7,283 Charge-offs (22 ) - - (915 ) - - (937 ) Recoveries 13 - 37 199 - - 249 Provision (206 ) (143 ) 211 845 611 - 302 1,620 Ending Balance $ 891 $ 1,799 $ 276 $ 2,461 $ 2,358 $ - $ 430 $ 8,215 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 Beginning Balance $ - $ 365 $ - $ 120 $ - $ - $ 35 $ 520 Charge-offs (109 ) (132 ) - - (4 ) - - (245 ) Recoveries 49 3 - - 4 - - 56 Provision 60 254 - (37 ) - - (27 ) 250 Ending Balance $ - $ 490 $ - $ 83 $ - $ - $ 8 $ 581 Individually Evaluated for Impairment $ - $ - $ - $ 3 $ - $ - $ - $ 3 Collectively Evaluated for Potential Impairment $ - $ 490 $ - $ 80 $ - $ - $ 8 $ 578 Total Allowance for Loan Losses Beginning Balance $ 1,106 $ 2,307 $ 65 $ 1,699 $ 2,463 $ - $ 163 $ 7,803 Charge-offs (131 ) (132 ) - - (919 ) - - (1,182 ) Recoveries 62 3 - 37 203 - - 305 Provision (146 ) 111 211 808 611 - 275 1,870 Ending Balance $ 891 $ 2,289 $ 276 $ 2,544 $ 2,358 $ - $ 438 $ 8,796 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 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | (Dollars in thousands) 2018 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 71 $ 2,224 $ 400 $ 1,448 $ - $ - $ 4,143 Collectively Evaluated for Potential Impairment 233,608 210,044 46,424 96,018 119,731 11,623 717,448 $ 233,679 $ 212,268 $ 46,824 $ 97,466 $ 119,731 $ 11,623 $ 721,591 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,212 $ 2,510 $ - $ 16 $ - $ - $ 3,738 Collectively Evaluated for Potential Impairment 90,065 72,366 2,000 15,714 2,510 4,888 187,543 $ 91,277 $ 74,876 $ 2,000 $ 15,730 $ 2,510 $ 4,888 $ 191,281 Total Loans Individually Evaluated for Impairment $ 1,283 $ 4,734 $ 400 $ 1,464 $ - $ - $ 7,881 Collectively Evaluated for Potential Impairment 323,673 282,410 48,424 111,732 122,241 16,511 904,991 $ 324,956 $ 287,144 $ 48,824 $ 113,196 $ 122,241 $ 16,511 $ 912,872 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 - Premises and Equipme_2
Note 7 - Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | (Dollars in thousands) 2018 2017 Land $ 3,808 $ 2,040 Building 23,460 16,217 Leasehold Improvements 1,568 1,795 Furniture, Fixtures, and Equipment 11,755 10,574 Property Held Under Capital Lease 299 299 Fixed Assets in Process 54 2,302 40,944 33,227 Less Accumulated Depreciation and Amortization (17,496 ) (16,515 ) Total Premises and Equipment $ 23,448 $ 16,712 |
Note 8 - Core Deposit Intangi_2
Note 8 - Core Deposit Intangible & Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Carrying Balance at December 31, 2016 $ 3,819 Amortization Expense (534 ) Balance at December 31, 2017 3,285 Addition of Core Deposit Intangible from FWVB Merger 9,126 Amortization Expense (1,477 ) Balance at December 31, 2018 $ 10,934 |
Schedule of Goodwill [Table Text Block] | Carrying Balance at December 31, 2017 $ 4,953 Goodwill associated to the FWVB merger on April 30, 2018 23,472 Balance at December 31, 2018 $ 28,425 |
Note 9 - Deposits (Tables)
Note 9 - Deposits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Time Deposit Maturities [Table Text Block] | 2018 2019 $ 92,983 2020 53,009 2021 21,868 2022 26,547 2023 14,006 Beyond 2023 6,478 Total $ 214,891 |
Note 10 - Short-term Borrowin_2
Note 10 - Short-term Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | (Dollars in thousands) 2018 2017 Amount Weighted Amount Weighted Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ 37 2.70 % $ 75 - % Maximum Amount Outstanding at any Month End 1,500 550 FHLB Borrowings: Balance at Period End - - 13,764 1.57 Average Balance Outstanding During the Period 19,726 1.86 215 0.93 Maximum Amount Outstanding at any Month End 98,960 13,764 Securities Sold Under Agreements to Repurchase: Balance at Period End 30,979 0.54 25,841 0.26 Average Balance Outstanding During the Period 29,300 0.53 26,350 0.31 Maximum Amount Outstanding at any Month End 35,661 27,951 Securities Collaterizing the Agreements at Period-End: Carrying Value 48,131 38,953 Market Value 47,083 38,081 |
Note 11 - Other Borrowed Funds
Note 11 - Other Borrowed Funds (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | (Dollars in thousands) 2018 2017 Amount Weighted Amount Weighted Due in One Year $ 6,000 1.78 % $ 4,500 1.41 % Due After One Year to Two Years 6,000 1.97 6,000 1.78 Due After Two Years to Three Years 5,000 2.18 6,000 1.97 Due After Three Years to Four Years 3,000 2.41 5,000 2.18 Due After Four Years to Five Years - - 3,000 2.41 Due After Five Years - - - - Total $ 20,000 2.03 $ 24,500 1.92 |
Note 12 - Income Taxes (Tables)
Note 12 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | (Dollars in thousands) 2018 2017 Current Payable $ 515 $ 3,137 Tax Act impact of the stranded tax effect related to deferred taxes for AFS securities - 220 Tax Act impact on remaining deferred tax assets and liabilities - (309 ) Deferred Expense (Benefit) 1,023 (174 ) Total Provision $ 1,538 $ 2,874 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (Dollars in thousands) 2018 2017 Deferred Tax Assets: Allowance for Loan Losses $ 2,063 $ 1,847 Amortization of Core Deposit Intangible 1 9 Amortization of Intangibles 72 68 Tax Credit Carryforwards 2,010 - Unrealized Loss of AFS - Merger Tax Adjustment 894 - Postretirement Benefits 30 31 Net Unrealized Loss on Securities 383 357 Passthrough Entities 2 2 Stock-Based Compensation Expense 28 17 Accrued Payroll 44 - OREO 121 - Purchase Accounting Adjustments - Acquired Loans 413 160 Deferred Compensation 55 - Other 67 92 Gross Deferred Tax Assets 6,183 2,583 100% Valuation Allowance - AMT Tax Credit Carryforward (1) (1,311 ) - 4,872 2,583 Deferred Tax Liabilities: Deferred Origination Fees and Costs 292 260 Depreciation 714 375 Mortgage Servicing Rights 198 191 Purchase Accounting Adjustment - Core Deposit Intangible 2,361 690 Purchase Accounting Adjustments - Fixed Assets 321 810 Purchase Accounting Adjustments - Certificates of Deposit 175 - Goodwill 412 379 Gross Deferred Tax Liabilities 4,473 2,705 Net Deferred Tax Assets (Liabilities) (2) $ 399 $ (122 ) |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | (Dollars in thousands) 2018 2017 Amount Percent of Amount Percent of Provision at Statutory Rate $ 1,804 21.0 % $ 3,338 34.0 % State Taxes (Net of Federal Benefit) 98 1.1 79 0.8 Effect of Tax-Free Income (312 ) (3.6 ) (395 ) (4.0 ) BOLI Income (197 ) (2.3 ) (162 ) (1.6 ) Merger Expenses 54 0.6 119 1.2 Stock Options - ISO 38 0.5 51 0.5 Effect of the enactment of the Tax Act - - (89 ) (0.9 ) Other 53 0.6 (67 ) (0.7 ) Actual Tax Expense and Effective Rate $ 1,538 17.9 % $ 2,874 29.3 % |
Note 13 - Employee Benefits (Ta
Note 13 - Employee Benefits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Share-based Compensation, Activity [Table Text Block] | December 14, December 15, Number of restricted shares granted 18,750 8,250 Number of stock options granted - 40,015 Grant date common stock price $ 25.45 $ 30.75 Restricted shares market value before tax 477,000 254,000 Stock options market value before tax - 248,000 Stock option pricing assumptions Expected life in years - 6.5 Expected dividend yield - 2.86 % Risk-free interest rate - 2.05 % Expected volatility - 26.2 % Weighted average grant date fair value $ - $ 6.21 |
Share-based Compensation, Stock Options, Activity [Table Text Block] | 2018 2017 Number of Weighted Weighted Number Weighted Weighted Outstanding at beginning of year 263,640 $ 24.33 8.5 227,100 $ 23.17 9.2 Granted - - - 40,015 30.75 10.0 Exercised (9,319 ) 22.84 (1,400 ) 22.25 Forfeited (4,362 ) 24.36 (2,075 ) 23.21 Outstanding at end of year 249,959 24.38 7.5 263,640 24.33 8.5 Exercisable at end of year 121,831 23.44 7.2 78,705 22.78 8.1 Number Weighted Weighted Number Weighted Weighted Nonvested at end of year 128,128 $ 25.28 7.7 184,935 $ 24.99 8.6 |
Nonvested Restricted Stock Shares Activity [Table Text Block] | Number Weighted Weighted Nonvested at December 31, 2016 6,086 $ 26.45 1.0 Granted 8,250 30.75 1.0 Vested (6,086 ) (26.45 ) (1.0 ) Forfeited - - - Nonvested at December 31, 2017 8,250 $ 30.75 1.0 Granted 18,750 25.45 5.0 Vested (8,250 ) (30.75 ) (1.0 ) Forfeited - - - Nonvested at December 31, 2018 18,750 $ 25.45 5.0 |
Note 14 - Commitments and Con_2
Note 14 - Commitments and Contingent Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | (Dollars in thousands) 2018 2017 Standby Letters of Credit $ 37,559 $ 55,105 Performance Letters of Credit 3,544 4,339 Construction Mortgages 56,691 30,619 Personal Lines of Credit 6,186 6,183 Overdraft Protection Lines 6,140 6,167 Home Equity Lines of Credit 21,520 16,337 Commercial Lines of Credit 74,602 62,088 $ 206,242 $ 180,838 |
Note 15 - Regulatory Capital (T
Note 15 - Regulatory Capital (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | (Dollars in thousands) December 31, 2018 December 31, 2017 Amount Ratio Amount Ratio Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual $ 96,985 11.44 % $ 84,599 12.22 % For Capital Adequacy Purposes 38,137 4.50 31,159 4.50 To Be Well Capitalized 55,086 6.50 45,008 6.50 Tier I Capital (to Risk-Weighted Assets) Actual 96,985 11.44 84,599 12.22 For Capital Adequacy Purposes 50,849 6.00 41,546 6.00 To Be Well Capitalized 67,799 8.00 55,395 8.00 Total Capital (to Risk-Weighted Assets) Actual 106,543 12.57 93,257 13.47 For Capital Adequacy Purposes 67,799 8.00 55,395 8.00 To Be Well Capitalized 84,748 10.00 69,243 10.00 Tier I Leverage Capital (to Adjusted Total Assets) Actual 96,985 7.82 84,599 9.27 For Capital Adequacy Purposes 49,637 4.00 36,492 4.00 To Be Well Capitalized 62,046 5.00 45,616 5.00 |
Note 16 - Operating Leases (Tab
Note 16 - Operating Leases (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | 2018 2019 $ 402 2020 358 2021 256 2022 114 2023 63 2024 & thereafter 454 Total $ 1,647 |
Note 17 - Fair Value Disclosu_2
Note 17 - Fair Value Disclosure (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | (Dollars in thousands) Valuation December 31, Hierarchy 2018 2017 Available for Sale Securities: U.S. Government Agencies Level II $ 80,579 $ 65,888 Obligations of States and Political Subdivisions Level II 44,601 38,988 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 97,771 16,978 Equity Securities - Mutual Funds Level I 968 503 Equity Securities - Other Level I 1,490 1,226 Total Available for Sale Securities $ 225,409 $ 123,583 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (Dollars in thousands) Significant Valuation Fair Value at December 31, Valuation Significant Unobservable Financial Asset Hierarchy 2018 2017 Techniques Unobservable Inputs Input Value Impaired Loans Level III $ 788 $ 2,866 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III 46 321 Market Comparable Properties Marketability Discount 10% to 50% (1) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (Dollars in thousands) 2018 2017 Valuation Carrying Fair Carrying Fair Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 36,736 $ 36,736 $ 11,685 $ 11,685 Non-Interest Bearing Level I 16,617 16,617 8,937 8,937 Investment Securities: Available for Sale See Above 225,409 225,409 123,583 123,583 Loans, Net Level III 903,314 899,673 735,596 741,020 Restricted Stock Level II 3,909 3,909 4,340 4,340 Bank-Owned Life Insurance Level II 22,922 22,922 19,151 19,151 Accrued Interest Receivable Level II 3,436 3,436 2,707 2,707 Financial Liabilities: Deposits Level II 1,086,658 1,085,708 773,344 772,080 Short-term Borrowings Level II 30,979 30,979 39,605 39,605 Other Borrowed Funds Level II 20,000 19,733 24,500 24,443 Accrued Interest Payable Level II 594 594 430 430 |
Note 18 - Other Noninterest E_2
Note 18 - Other Noninterest Expense (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | (Dollars in thousands) 2018 2017 OTHER NONINTEREST EXPENSE Non-employee compensation $ 619 $ 409 Printing and supplies 578 385 Postage 248 218 Telephone 557 398 Charitable contributions 147 140 Dues and subscriptions 215 234 Loan expenses 488 409 Meals and entertainment 180 145 Travel 239 162 Training 69 29 Miscellaneous 1,201 783 TOTAL OTHER NONINTEREST EXPENSE $ 4,541 $ 3,312 |
Note 19 - Condensed Financial_2
Note 19 - Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | (Dollars in thousands) December 31, 2018 2017 ASSETS Cash and Due From Banks $ 1,026 $ 692 Investment Securities, Available-for-Sale 1,488 1,226 Investment in Community Bank 134,220 90,260 Other Assets 892 1,276 TOTAL ASSETS $ 137,626 $ 93,454 LIABILITIES AND STOCKHOLDERS' EQUITY Other Liabilities $ - $ 198 Stockholders Equity 137,626 93,256 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 137,626 $ 93,454 |
Condensed Income Statement [Table Text Block] | (Dollars in thousands) Years Ended December 31, 2018 2017 Interest and Dividend Income $ 54 $ 41 Dividend from Bank Subsidiary 4,528 4,047 Noninterest Income (50 ) 207 Noninterest Expense (880 ) (356 ) Income Before Undistributed Net Income of Subsidiary and Income (Benefit) Taxes 3,652 3,939 Undistributed Net Income of Subsidiary 3,264 3,072 Income Before Income (Benefit) Taxes 6,916 7,011 Income (Benefit) Taxes (136 ) 67 NET INCOME $ 7,052 $ 6,944 |
Condensed Statement of Comprehensive Income [Table Text Block] | (Dollars in thousands) Years Ended December 31, 2018 2017 Net Income $ 7,052 $ 6,944 Other Comprehensive (Loss) Income: Unrealized Losses on Available-for-Sale Securities Net of Income Benefit Tax of ($11) and ($16), for the Years Ended December 31, 2018 and 2017, Respectively (39 ) (31 ) Reclassification Adjustment for Gains on Securities Included in Net Income, Net of Income Tax of $70 for the Year Ended December 31, 2017. (1) - (137 ) Other Comprehensive Loss (39 ) (168 ) Total Comprehensive Income $ 7,013 $ 6,776 |
Condensed Cash Flow Statement [Table Text Block] | (Dollars in thousands) Years Ended December 31, 2018 2017 OPERATING ACTIVITIES Net Income $ 7,052 $ 6,944 Αdjustmеnts to Rеconcilе Net Income to Net Cash Provided By Operating Activities: Undistributed Net Income of Subsidiary (3,264 ) (3,072 ) Gain on Sales of Investment Securities - (207 ) Noncash Expense for Stock-Based Compensation 482 361 Other, net 247 96 NET CASH PROVIDED BY OPERATING ACTIVITIES 4,517 4,122 INVESTING ACTIVITIES Purchases of Securities (204 ) (1,058 ) Proceeds from Sales of Securities - 1,184 Net Cash Received from Acquisition 802 - NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 598 126 FINANCING ACTIVITIES Cash Dividends Paid (4,529 ) (3,597 ) Treasury Stock, Purchases at Cost (317 ) (10 ) Stock Award Grant (148 ) (112 ) Exercise of Stock Options 213 31 NET CASH USED IN FINANCING ACTIVITIES (4,781 ) (3,688 ) INCREASE IN CASH AND EQUIVALENTS 334 560 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 692 132 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 1,026 $ 692 |
Note 20 - Quarterly Financial_2
Note 20 - Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | Three Months Ended 2018 March 31 June 30 September 30 December 31 Interest Income $ 8,707 $ 10,690 $ 11,764 $ 12,465 Interest Expense 1,099 1,517 1,594 1,739 Net Interest Income 7,608 9,173 10,170 10,726 Provision for Loan Losses 1,500 600 25 400 Net Interest Income after Provision for Loan Losses 6,108 8,573 10,145 10,326 Noninterest Income 2,086 2,125 2,088 2,040 Noninterest Expense 6,667 9,494 9,365 9,375 Income before Income Taxes 1,527 1,204 2,868 2,991 Income Taxes 167 234 576 561 Net Income $ 1,360 $ 970 $ 2,292 $ 2,430 Earnings Per Share - Basic $ 0.33 $ 0.19 $ 0.42 $ 0.48 Earnings Per Share - Diluted 0.33 0.19 0.42 0.46 Dividends Per Share 0.22 0.22 0.22 0.23 Three Months Ended 2017 March 31 June 30 September 30 December 31 Interest Income $ 7,791 $ 7,949 $ 8,213 $ 8,481 Interest Expense 796 814 860 904 Net Interest Income 6,995 7,135 7,353 7,577 Provision for Loan Losses 420 300 300 850 Net Interest Income after Provision for Loan Losses 6,575 6,835 7,053 6,727 Noninterest Income 2,076 1,966 1,818 1,940 Noninterest Expense 6,217 6,304 5,897 6,754 Income before Income Taxes 2,434 2,497 2,974 1,913 Income Taxes 730 696 910 538 Net Income $ 1,704 $ 1,801 $ 2,064 $ 1,375 Earnings Per Share - Basic $ 0.42 $ 0.44 $ 0.50 $ 0.34 Earnings Per Share - Diluted 0.42 0.44 0.50 0.33 Dividends Per Share 0.22 0.22 0.22 0.22 |
Note 21 - Segment and Related_2
Note 21 - Segment and Related Information (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | (Dollars in thousands) Community Exchange CB Financial Net Consolidated December 31, 2018 Assets $ 1,278,513 $ 5,155 $ 137,908 $ (140,275 ) $ 1,281,301 Liabilities 1,144,293 2,445 282 (3,344 ) 1,143,676 Stockholders' equity 134,220 2,710 137,626 (136,931 ) 137,625 December 31, 2017 Assets $ 932,524 $ 2,117 $ 93,454 $ (93,609 ) $ 934,486 Liabilities 842,265 997 198 (2,230 ) 841,230 Stockholders' equity 90,259 1,120 93,256 (91,379 ) 93,256 Year Ended December 31, 2018 Total interest income $ 43,574 $ - $ 52 $ - $ 43,626 Total interest expense 5,949 - - - 5,949 Net interest income 37,625 - 52 - 37,677 Provision for loan losses 2,525 - - - 2,525 Net interest income after provision for loan losses 35,100 - 52 - 35,152 Noninterest income 8,339 3,751 - (3,751 ) 8,339 Noninterest expense 33,984 3,183 917 (3,183 ) 34,901 Income before income tax expense (benefit) 9,455 568 (865 ) (568 ) 8,590 Income tax expense (benefit) 1,659 133 (121 ) (133 ) 1,538 Net income of CB Financial Services Inc. $ 7,796 $ 435 $ (744 ) $ (435 ) $ 7,052 Year Ended December 31, 2017 Total interest income $ 32,393 $ - $ 41 $ - $ 32,434 Total interest expense 3,374 - - - 3,374 Net interest income 29,019 - 41 - 29,060 Provision for loan losses 1,870 - - - 1,870 Net interest income after provision for loan losses 27,149 - 41 - 27,190 Noninterest income 7,593 3,572 207 (3,572 ) 7,800 Noninterest expense 24,816 2,520 356 (2,520 ) 25,172 Income before income tax expense (benefit) 9,926 1,052 (108 ) (1,052 ) 9,818 Income tax expense (benefit) 2,806 406 68 (406 ) 2,874 Net income of CB Financial Services Inc. $ 7,120 $ 646 $ (176 ) $ (646 ) $ 6,944 |
Note 1 - Summary of Significa_3
Note 1 - Summary of Significant Accounting Policies (Details Textual) | Dec. 14, 2018 | Aug. 01, 2018USD ($) | Jun. 30, 2018USD ($) | Apr. 30, 2018USD ($)shares | Dec. 31, 2018USD ($)shares | Sep. 30, 2018USD ($) | Jun. 30, 2018USD ($) | Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Sep. 30, 2017USD ($) | Jun. 30, 2017USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2018USD ($)shares | Dec. 31, 2018USD ($)shares | Dec. 31, 2017USD ($) | Jan. 01, 2019USD ($) | Jan. 01, 2018USD ($) | |||
Number of Operating Segments | 2 | |||||||||||||||||||
Due from Banks | $ 1,700,000 | $ 3,300,000 | $ 1,700,000 | $ 1,700,000 | $ 3,300,000 | |||||||||||||||
Real Estate Acquired Through Foreclosure | 917,000 | 326,000 | 917,000 | 917,000 | 326,000 | |||||||||||||||
Residential Real Estate, Acquired Through Foreclosure | 46,000 | 168,000 | 46,000 | 46,000 | 168,000 | |||||||||||||||
Mortgage Loans in Process of Foreclosure, Amount | $ 1,400,000 | 1,500,000 | $ 1,400,000 | $ 1,400,000 | $ 1,500,000 | |||||||||||||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 34.00% | ||||||||||||||||||
Goodwill, Impairment Loss | $ 0 | $ 0 | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares | 407,146 | 407,146 | 407,146 | |||||||||||||||||
Provision for Loan and Lease Losses, Total | $ 400,000 | $ 25,000 | $ 600,000 | $ 1,500,000 | 850,000 | $ 300,000 | $ 300,000 | $ 420,000 | $ 2,525,000 | 1,870,000 | ||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 2,991,000 | 2,868,000 | 1,204,000 | 1,527,000 | 1,913,000 | 2,974,000 | 2,497,000 | 2,434,000 | 8,590,000 | 9,818,000 | ||||||||||
Income Tax Expense (Benefit), Total | 561,000 | 576,000 | 234,000 | 167,000 | 538,000 | 910,000 | 696,000 | 730,000 | 1,538,000 | [1] | 2,874,000 | [1] | ||||||||
Net Income (Loss) Attributable to Parent, Total | 2,430,000 | $ 2,292,000 | $ 970,000 | 1,360,000 | 1,375,000 | $ 2,064,000 | $ 1,801,000 | $ 1,704,000 | 7,052,000 | 6,944,000 | ||||||||||
Reclassification of Stranded Tax Effects From AOCI to Retained Earnings | [2] | |||||||||||||||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | [3] | |||||||||||||||||||
Equity Securities, FV-NI, Realized Gain (Loss), Total | (63,000) | [4] | ||||||||||||||||||
Number of Reporting Units | 2 | |||||||||||||||||||
Accounting Standards Update 2018-02 [Member] | Adjustments for New Accounting Principle, Early Adoption [Member] | ||||||||||||||||||||
Reclassification of Stranded Tax Effects From AOCI to Retained Earnings | $ 220,000 | $ 220,000 | ||||||||||||||||||
Accounting Standards Update 2016-02 [Member] | Scenario, Forecast [Member] | ||||||||||||||||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 1,700,000 | |||||||||||||||||||
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) | |||||||||||||||||||
Overstatement of Quarterly Results [Member] | ||||||||||||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | $ 250 | |||||||||||||||||||
Employee Stock Option [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares | 271,431 | 271,431 | 271,431 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | 5 years | ||||||||||||||||||
Employee Stock Option [Member] | Share-based Compensation Award, Tranche One [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Employee Stock Option [Member] | Share-based Compensation Award, Tranche Two [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Employee Stock Option [Member] | Share-based Compensation Award, Tranche Three [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Employee Stock Option [Member] | Share-based Compensation Award, Tranche Four [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Employee Stock Option [Member] | Share-based Compensation Award, Tranche Five [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Employee Stock Option [Member] | Expired Stock Option Plan [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |||||||||||||||||||
Restricted Stock Awards or Units [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares | 135,715 | 135,715 | 135,715 | |||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment, Reduction of Shares Over Threshold | shares | 3 | 3 | 3 | |||||||||||||||||
Restricted Stock [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | 1 year | ||||||||||||||||||
Restricted Stock [Member] | Share-based Compensation Award, Tranche One [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Restricted Stock [Member] | Share-based Compensation Award, Tranche Three [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Restricted Stock [Member] | Share-based Compensation Award, Tranche Four [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Restricted Stock [Member] | Share-based Compensation Award, Tranche Five [Member] | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||||||||||||
Furniture and Fixtures [Member] | Minimum [Member] | ||||||||||||||||||||
Property, Plant and Equipment, Useful Life | 3 years | |||||||||||||||||||
Furniture and Fixtures [Member] | Maximum [Member] | ||||||||||||||||||||
Property, Plant and Equipment, Useful Life | 7 years | |||||||||||||||||||
Building [Member] | Minimum [Member] | ||||||||||||||||||||
Property, Plant and Equipment, Useful Life | 27 years 182 days | |||||||||||||||||||
Building [Member] | Maximum [Member] | ||||||||||||||||||||
Property, Plant and Equipment, Useful Life | 40 years | |||||||||||||||||||
Leasehold Improvements [Member] | Minimum [Member] | ||||||||||||||||||||
Property, Plant and Equipment, Useful Life | 7 years | |||||||||||||||||||
Leasehold Improvements [Member] | Maximum [Member] | ||||||||||||||||||||
Property, Plant and Equipment, Useful Life | 15 years | |||||||||||||||||||
Investment in Federal Home Loan Bank Stock [Member] | ||||||||||||||||||||
Other than Temporary Impairment Losses, Investments, Total | $ 0 | |||||||||||||||||||
Accrued Interest and Other Assets [Member] | ||||||||||||||||||||
Federal Home Loan Bank Stock | $ 3,800,000 | 4,300,000 | $ 3,800,000 | 3,800,000 | $ 4,300,000 | |||||||||||||||
Accrued Interest and Other Assets [Member] | Atlantic Community Bankers's Bank Stocks [Member] | ||||||||||||||||||||
Restricted Investments | $ 85,000 | $ 85,000 | 85,000 | $ 85,000 | $ 85,000 | |||||||||||||||
Customer Lists [Member] | Minimum [Member] | ||||||||||||||||||||
Finite-Lived Intangible Asset, Useful Life | 8 years | |||||||||||||||||||
Customer Lists [Member] | Maximum [Member] | ||||||||||||||||||||
Finite-Lived Intangible Asset, Useful Life | 13 years | |||||||||||||||||||
Core Deposits [Member] | Minimum [Member] | ||||||||||||||||||||
Finite-Lived Intangible Asset, Useful Life | 6 years | |||||||||||||||||||
Core Deposits [Member] | Maximum [Member] | ||||||||||||||||||||
Finite-Lived Intangible Asset, Useful Life | 10 years | |||||||||||||||||||
First West Virginia Bancorp [Member] | ||||||||||||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 1,317,647 | |||||||||||||||||||
Payments to Acquire Businesses, Gross | $ 9,801,000 | $ 9,800,000 | 9,801,000 | |||||||||||||||||
Business Combination, Consideration Transferred, Total | $ 51,328,000 | $ 51,300,000 | $ 51,328,000 | |||||||||||||||||
First West Virginia Bancorp [Member] | Core Deposits [Member] | ||||||||||||||||||||
Finite-Lived Intangible Asset, Useful Life | 6 years 182 days | |||||||||||||||||||
Beynon Insurance [Member] | Exchange Underwriters [Member] | ||||||||||||||||||||
Business Combination, Consideration Transferred, Total | $ 1,800,000 | |||||||||||||||||||
Beynon Insurance [Member] | Exchange Underwriters [Member] | Customer Lists [Member] | ||||||||||||||||||||
Finite-Lived Intangible Asset, Useful Life | 9 years 182 days | |||||||||||||||||||
[1] | See Note 1 - Income Taxes for further details on the reduction of the effective tax rate. | |||||||||||||||||||
[2] | This reclassification is the result of the Company's early adopting of FASB ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220). See Note 1 for additional information. | |||||||||||||||||||
[3] | This reclassification is the result of the Company's adoption of FASB ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10). See Note 1 for additional information. | |||||||||||||||||||
[4] | Not within the scope of ASC 606. |
Note 1 - Summary of Significa_4
Note 1 - Summary of Significant Accounting Policies - Correction of Immaterial Error (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 |
Capital Surplus | $ 83,225 | $ 83,433 | $ 42,089 |
Retained Earnings | $ 57,843 | 56,659 | $ 55,280 |
Previously Reported [Member] | |||
Capital Surplus | 73,632 | ||
Retained Earnings | 66,460 | ||
Restatement Adjustment [Member] | |||
Capital Surplus | 9,801 | ||
Retained Earnings | $ (9,801) |
Note 2 - Merger (Details Textua
Note 2 - Merger (Details Textual) - USD ($) | Jun. 30, 2018 | Apr. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Share Price | $ 31.9068 | ||||
Assets, Total | $ 1,281,301,000 | $ 1,281,301,000 | $ 934,486,000 | ||
Loans and Leases Receivable, Net Amount, Total | 903,314,000 | 903,314,000 | 735,596,000 | ||
Deposits, Total | 1,086,658,000 | 1,086,658,000 | 773,344,000 | ||
Goodwill, Ending Balance | 28,425,000 | 28,425,000 | 4,953,000 | ||
First West Virginia Bancorp [Member] | |||||
Assets, Total | $ 334,000,000 | ||||
Loans and Leases Receivable, Net Amount, Total | 96,800,000 | ||||
Deposits, Total | 282,900,000 | ||||
First West Virginia Bancorp [Member] | |||||
Business Combination, Consideration Transferred, Total | $ 51,328,000 | $ 51,300,000 | 51,328,000 | ||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,317,647 | ||||
Payments to Acquire Businesses, Gross | 9,801,000 | $ 9,800,000 | $ 9,801,000 | ||
Business Combination, Acquisition Related Costs | 1,200,000 | $ 854,000 | $ 356,000 | ||
Business Combination, Percentage of Ownership Held by Acquirer After Transaction Closed | 76.00% | 76.00% | |||
Business Combination, Percentage of Ownership Held by Acquiree After Transaction Closed | 24.00% | 24.00% | |||
Goodwill, Ending Balance | 11,886,000 | 23,500,000 | $ 23,472,000 | $ 23,472,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 12,789,000 | $ 9,127,000 | $ 9,127,000 | ||
Business Combination, Severance Cost That Would Be Incurred if Retained Employees Had Employment Terminated Within One Year | 100,000 | ||||
Business Combination, Pro Forma Information, Net Interest Income of Acquiree Since Acquisition Date, Actual | 7,400,000 | ||||
Business Combination, Pro Forma Information, Non-interest Income of Acquiree since Acquisition Date, Actual | 620,000 | ||||
Business Combination, Pro Forma Information, Non-interest Expenses of Acquiree since Acquisition Date, Actual | 6,000,000 | ||||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 1,500,000 | ||||
First West Virginia Bancorp [Member] | Core Deposits [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 9,100,000 |
Note 2 - Merger - Fair Value of
Note 2 - Merger - Fair Value of the Assets Acquired and Liabilities Assumed in the FWVB Merger (Details) - USD ($) | Jun. 30, 2018 | Apr. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Liabilities Assumed: | ||||
Goodwill, Ending Balance | $ 28,425,000 | $ 4,953,000 | ||
First West Virginia Bancorp [Member] | ||||
Cash Paid for Redemption of FWVB Common Stock | $ 9,801,000 | $ 9,800,000 | 9,801,000 | |
CB Financial Common Stock Issued in - Exchange for FWVB Common Stock | 41,527,000 | 41,527,000 | ||
Total Consideration Paid | 51,328,000 | 51,300,000 | 51,328,000 | |
Assets Acquired: | ||||
Cash and Cash Equivalents | 30,433,000 | 30,433,000 | ||
Net Loans | 95,456,000 | 95,456,000 | ||
Investment Securities | 187,628,000 | 187,628,000 | ||
Premises and Equipment | 13,047,000 | 3,712,000 | ||
Premises and Equipment, Adjustments | (9,335,000) | |||
Bank Owned Life Insurance | 4,212,000 | 4,212,000 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 12,789,000 | 9,127,000 | ||
Core Deposit Intangible, Adjustments | (3,662,000) | |||
Deferred Tax Liability | (87,000) | |||
Deferred Tax Assets, Adjustments | 1,411,000 | |||
Deferred Tax Assets | 1,324,000 | |||
Other Assets | 3,030,000 | 3,030,000 | ||
Total Assets Acquired | 346,508,000 | 334,922,000 | ||
Total Assets Acquired, Adjustments | (11,586,000) | |||
Liabilities Assumed: | ||||
Deposits | 281,620,000 | 281,620,000 | ||
Borrowings | 22,329,000 | 22,329,000 | ||
Other Liabilities | 3,117,000 | 3,117,000 | ||
Total Liabilities Assumed | 307,066,000 | 307,066,000 | ||
Total Identifiable Net Assets | 39,442,000 | 27,856,000 | ||
Goodwill, Ending Balance | $ 11,886,000 | $ 23,500,000 | 23,472,000 | |
Goodwill Recognized, Adjustments | $ 11,586,000 |
Note 2 - Merger - Pro Forma Inf
Note 2 - Merger - Pro Forma Information As If the FWVB Acquisition Had Occurred On January 1, 2017 (Details) - First West Virginia Bancorp [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Net Interest Income | $ 41,357 | $ 37,944 |
Noninterest Income | 8,649 | 8,779 |
Noninterest Expense | 39,737 | 33,733 |
Net Income | $ 8,010 | $ 8,444 |
Basic (in dollars per share) | $ 1.61 | $ 1.69 |
Diluted (in dollars per share) | $ 1.59 | $ 1.68 |
Note 3 - Earnings Per Share (De
Note 3 - Earnings Per Share (Details Textual) - $ / shares | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Incremental Common Shares Attributable to Conversion of Debt Securities, Total | 0 | 0 |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 249,959 | 263,640 |
Antidilutive Securities Excluded from Computation of Net Income, Per Outstanding Unit, Amount | $ 24.38 | $ 24.33 |
Note 3 - Earnings Per Share - B
Note 3 - Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - $ / shares | 3 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Weighted-Average Common Shares Outstanding (in shares) | 5,247,794 | 4,363,346 | ||||||||
Average Treasury Stock Shares (in shares) | (265,980) | (275,155) | ||||||||
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share (in shares) | 4,981,814 | 4,088,191 | ||||||||
Additional Common Stock Equivalents (Stock Options) Used to Calculate Diluted Earnings Per Share (in shares) | 49,316 | 22,181 | ||||||||
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share (in shares) | 5,031,130 | 4,110,372 | ||||||||
Basic (in dollars per share) | $ 0.48 | $ 0.42 | $ 0.19 | $ 0.33 | $ 0.34 | $ 0.50 | $ 0.44 | $ 0.42 | $ 1.42 | $ 1.70 |
Diluted (in dollars per share) | $ 0.46 | $ 0.42 | $ 0.19 | $ 0.33 | $ 0.33 | $ 0.50 | $ 0.44 | $ 0.42 | $ 1.40 | $ 1.69 |
Note 4 - Revenue Recognition _3
Note 4 - Revenue Recognition From Contracts With Customers (Details Textual) | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Noninterest Income from Bank-owned Life Insurance Policy Claim | $ 487,000 |
Wealth Management Referral Fees, Check Sales, and Safety Deposit Box Rentals [Member] | |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 460,000 |
Note 4 - Revenue Recognition _4
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 | 12 Months Ended | |||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | ||||
Noninterest income | $ 43,626 | $ 32,434 | |||||||||||
Other | 135 | [1] | 105 | ||||||||||
Noninterest Income | $ 2,040 | $ 2,088 | $ 2,125 | $ 2,086 | $ 1,940 | $ 1,818 | $ 1,966 | $ 2,076 | 8,339 | 7,800 | |||
Noninterest expense | 9,375 | 9,365 | 9,494 | 6,667 | 6,754 | 5,897 | 6,304 | 6,217 | 34,901 | 25,172 | |||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 2,991 | 2,868 | 1,204 | 1,527 | 1,913 | 2,974 | 2,497 | 2,434 | 8,590 | 9,818 | |||
Income Tax Expense (Benefit), Total | 561 | 576 | 234 | 167 | 538 | 910 | 696 | 730 | 1,538 | [2] | 2,874 | [2] | |
Net Income (Loss) Attributable to Parent, Total | $ 2,430 | $ 2,292 | $ 970 | $ 1,360 | $ 1,375 | $ 2,064 | $ 1,801 | $ 1,704 | $ 7,052 | $ 6,944 | |||
Basic (in dollars per share) | $ 0.48 | $ 0.42 | $ 0.19 | $ 0.33 | $ 0.34 | $ 0.50 | $ 0.44 | $ 0.42 | $ 1.42 | $ 1.70 | |||
Diluted (in dollars per share) | $ 0.46 | $ 0.42 | $ 0.19 | $ 0.33 | $ 0.33 | $ 0.50 | $ 0.44 | $ 0.42 | $ 1.40 | $ 1.69 | |||
Accounting Standards Update 2014-09 [Member] | |||||||||||||
Other | $ 135 | ||||||||||||
Noninterest Income | 7,815 | ||||||||||||
Other Real Estate Owned Expense | 48 | ||||||||||||
Noninterest expense | 48 | ||||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 7,767 | ||||||||||||
Income Tax Expense (Benefit), Total | 1,631 | ||||||||||||
Net Income (Loss) Attributable to Parent, Total | $ 7,052 | ||||||||||||
Basic (in dollars per share) | $ 1.42 | ||||||||||||
Diluted (in dollars per share) | $ 1.40 | ||||||||||||
Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||||||||||
Other | $ 135 | ||||||||||||
Noninterest Income | 7,806 | ||||||||||||
Other Real Estate Owned Expense | 48 | ||||||||||||
Noninterest expense | 48 | ||||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 7,758 | ||||||||||||
Income Tax Expense (Benefit), Total | 1,629 | ||||||||||||
Net Income (Loss) Attributable to Parent, Total | $ 7,045 | ||||||||||||
Basic (in dollars per share) | $ 1.41 | ||||||||||||
Diluted (in dollars per share) | $ 1.40 | ||||||||||||
Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | |||||||||||||
Other | |||||||||||||
Noninterest Income | 9 | ||||||||||||
Other Real Estate Owned Expense | |||||||||||||
Noninterest expense | |||||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 9 | ||||||||||||
Income Tax Expense (Benefit), Total | 2 | ||||||||||||
Net Income (Loss) Attributable to Parent, Total | $ 7 | ||||||||||||
Basic (in dollars per share) | |||||||||||||
Diluted (in dollars per share) | |||||||||||||
Deposit Account [Member] | |||||||||||||
Noninterest income | $ 2,970 | $ 2,482 | |||||||||||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | |||||||||||||
Noninterest income | [3] | 2,970 | |||||||||||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||||||||||
Noninterest income | 2,970 | ||||||||||||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | |||||||||||||
Noninterest income | |||||||||||||
Insurance Commissions [Member] | |||||||||||||
Noninterest income | 3,763 | 3,583 | |||||||||||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | |||||||||||||
Noninterest income | 3,763 | ||||||||||||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||||||||||
Noninterest income | 3,754 | ||||||||||||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | |||||||||||||
Noninterest income | 9 | ||||||||||||
Financial Service, Other [Member] | |||||||||||||
Noninterest income | 947 | $ 452 | |||||||||||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | |||||||||||||
Noninterest income | [4] | 947 | |||||||||||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||||||||||
Noninterest income | 947 | ||||||||||||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | |||||||||||||
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, merchant services fees, check sales and safety deposit box rentals totaling $460,000 for the year ended December 31, 2018, which is in the scope of ASC 606; the remaining balance of $487,000 for the year ended December 31, 2018, mainly represents income derived from an assumable rate conversion ("ARC") loan referral fee and a bank-owned life insurance policy claim for the year ended December 31, 2018, which are outside the scope of ASC 606. The following narrative describes the Company's revenue streams accounted for under the guidance of ASC 606 as follows: |
Note 4 - Revenue Recognition _5
Note 4 - Revenue Recognition From Contracts With Customers - Sources of Non-interest Income (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Noninterest income | $ 43,626,000 | $ 32,434,000 | ||||||||||
Net Gains on Sale of Loans | 171,000 | [1] | 458,000 | |||||||||
Net gains on sales of investments | [1] | 199,000 | ||||||||||
Net Change in Fair Value of Equity Securities | (63,000) | [1] | ||||||||||
Net Gains on Purchased Tax Credits | 44,000 | [1] | 57,000 | |||||||||
Net Loss on Disposal of Fixed Assets | (137,000) | [1] | ||||||||||
Income from Bank-Owned Life Insurance | 509,000 | [1] | 464,000 | |||||||||
Other | 135,000 | [1] | 105,000 | |||||||||
Noninterest Income | $ 2,040,000 | $ 2,088,000 | $ 2,125,000 | $ 2,086,000 | $ 1,940,000 | $ 1,818,000 | $ 1,966,000 | $ 2,076,000 | 8,339,000 | 7,800,000 | ||
Noninterest Expense | $ 9,375,000 | $ 9,365,000 | $ 9,494,000 | $ 6,667,000 | $ 6,754,000 | $ 5,897,000 | $ 6,304,000 | $ 6,217,000 | 34,901,000 | 25,172,000 | ||
Net non-interest income | 8,291,000 | |||||||||||
Accounting Standards Update 2014-09 [Member] | ||||||||||||
Other | 135,000 | |||||||||||
Noninterest Income | 7,815,000 | |||||||||||
Other Real Estate Owned Expense | 48,000 | |||||||||||
Noninterest Expense | 48,000 | |||||||||||
Deposit Account [Member] | ||||||||||||
Noninterest income | 2,970,000 | 2,482,000 | ||||||||||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | ||||||||||||
Noninterest income | [2] | 2,970,000 | ||||||||||
Insurance Commissions [Member] | ||||||||||||
Noninterest income | 3,763,000 | 3,583,000 | ||||||||||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | ||||||||||||
Noninterest income | 3,763,000 | |||||||||||
Financial Service, Other [Member] | ||||||||||||
Noninterest income | 947,000 | $ 452,000 | ||||||||||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | ||||||||||||
Noninterest income | [3] | $ 947,000 | ||||||||||
[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, merchant services fees, check sales and safety deposit box rentals totaling $460,000 for the year ended December 31, 2018, which is in the scope of ASC 606; the remaining balance of $487,000 for the year ended December 31, 2018, mainly represents income derived from an assumable rate conversion ("ARC") loan referral fee and a bank-owned life insurance policy claim for the year ended December 31, 2018, which are outside the scope of ASC 606. The following narrative describes the Company's revenue streams accounted for under the guidance of ASC 606 as follows: |
Note 5 - Investment Securitie_2
Note 5 - Investment Securities (Details Textual) - USD ($) | Apr. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance | $ 0 | ||
Debt Securities, Available-for-sale, Realized Gain | 0 | $ 207,000 | |
Debt Securities, Available-for-sale, Realized Loss | 0 | 8,000 | |
Increase (Decrease) in Income Taxes | (22,000) | ||
First West Virginia Bancorp [Member] | |||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 80,300,000 | ||
Collateral Pledged [Member] | |||
Debt Securities, Available-for-sale, Restricted | $ 126,100,000 | $ 83,800,000 |
Note 5 - Investment Securitie_3
Note 5 - Investment Securities - Amortized Cost and Fair Value of Investment Securities Available-for-sale (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Securities available-for-sale, amortized cost | $ 227,280 | $ 125,281 |
Securities available-for-sale, gross unrealized gains | 1,064 | 310 |
Securities available-for-sale, gross unrealized losses | (2,935) | (2,008) |
Securities available-for-sale, fair value | 225,409 | 123,583 |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 82,506 | 67,603 |
Securities available-for-sale, gross unrealized gains | 160 | |
Securities available-for-sale, gross unrealized losses | (2,087) | (1,715) |
Securities available-for-sale, fair value | 80,579 | 65,888 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 44,737 | 38,867 |
Securities available-for-sale, gross unrealized gains | 230 | 255 |
Securities available-for-sale, gross unrealized losses | (366) | (134) |
Securities available-for-sale, fair value | 44,601 | 38,988 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available-for-sale, amortized cost | 97,535 | 17,123 |
Securities available-for-sale, gross unrealized gains | 582 | |
Securities available-for-sale, gross unrealized losses | (346) | (145) |
Securities available-for-sale, fair value | 97,771 | 16,978 |
Equity Securities - Mutual Funds [Member] | ||
Securities available-for-sale, amortized cost | 1,000 | 500 |
Securities available-for-sale, gross unrealized gains | 3 | |
Securities available-for-sale, gross unrealized losses | (32) | |
Securities available-for-sale, fair value | 968 | 503 |
Equity Securities [Member] | ||
Securities available-for-sale, amortized cost | 1,502 | 1,188 |
Securities available-for-sale, gross unrealized gains | 92 | 52 |
Securities available-for-sale, gross unrealized losses | (104) | (14) |
Securities available-for-sale, fair value | $ 1,490 | $ 1,226 |
Note 5 - Investment Securitie_4
Note 5 - Investment Securities - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position (Details) $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) |
Securities in continuous unrealized loss position, less than twelve months, number of securities | 33 | 41 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 14,772 | $ 51,302 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (233) | $ (422) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 60 | 26 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 91,467 | $ 46,533 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (2,702) | $ (1,586) |
Securities in continuous unrealized loss position, number of securities | 93 | 67 |
Securities in continuous unrealized loss position, fair value | $ 106,239 | $ 97,835 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (2,935) | $ (2,008) |
US Government Agencies Debt Securities [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 7 | |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 23,805 | |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (223) | |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 23 | 16 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 65,450 | $ 42,083 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (2,087) | $ (1,492) |
Securities in continuous unrealized loss position, number of securities | 23 | 23 |
Securities in continuous unrealized loss position, fair value | $ 65,450 | $ 65,888 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (2,087) | $ (1,715) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 24 | 20 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 13,212 | $ 10,061 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (133) | $ (47) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 25 | 9 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 11,918 | $ 4,397 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (233) | $ (87) |
Securities in continuous unrealized loss position, number of securities | 49 | 29 |
Securities in continuous unrealized loss position, fair value | $ 25,130 | $ 14,458 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (366) | $ (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 | |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 16,978 | |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (145) | |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 9 | |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 13,874 | |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (346) | |
Securities in continuous unrealized loss position, number of securities | 9 | 9 |
Securities in continuous unrealized loss position, fair value | $ 13,874 | $ 16,978 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (346) | $ (145) |
Equity Securities - Mutual Funds [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 2 | |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 968 | |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (32) | |
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 | 2 | |
Securities in continuous unrealized loss position, fair value | $ 968 | |
Securities in continuous unrealized loss position, gross unrealized losses | $ (32) | |
Equity Securities [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 7 | 5 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 592 | $ 458 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (68) | $ (7) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 3 | 1 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 225 | $ 53 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (36) | $ (7) |
Securities in continuous unrealized loss position, number of securities | 10 | 6 |
Securities in continuous unrealized loss position, fair value | $ 817 | $ 511 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (104) | $ (14) |
Note 5 - Investment Securitie_5
Note 5 - Investment Securities - Maturities of Investment Securities Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Due in one year or less, amortized cost | $ 2,258 | |
Due in one year or less, fair value | 2,282 | |
Due after one year through five years, amortized cost | 75,977 | |
Due after one year through five years, fair value | 74,066 | |
Due after five years through ten years, amortized cost | 50,681 | |
Due after five years through ten years, fair value | 50,591 | |
Due after ten years, amortized cost | 98,364 | |
Due after ten years, fair value | 98,470 | |
Total, amortized cost | 227,280 | $ 125,281 |
Total, fair value | $ 225,409 | $ 123,583 |
Note 5 - Investment Securitie_6
Note 5 - Investment Securities - Obligations of States, Municipalities and Political Subdivisions (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Amortized Cost | $ 44,737 | $ 38,867 |
Fair Value | 44,601 | 38,988 |
General Obligation [Member] | ||
Amortized Cost | 40,468 | 32,766 |
Fair Value | 40,298 | 32,858 |
General Obligation [Member] | School [Member] | Pennsylvania Municipalities [Member] | ||
Amortized Cost | 27,319 | 29,671 |
Fair Value | 27,143 | 29,755 |
General Obligation [Member] | School [Member] | Other State Municipalities [Member] | ||
Amortized Cost | 4,296 | |
Fair Value | 4,277 | |
General Obligation [Member] | Public Improvement [Member] | Pennsylvania Municipalities [Member] | ||
Amortized Cost | 3,532 | 3,095 |
Fair Value | 3,508 | 3,103 |
General Obligation [Member] | Public Improvement [Member] | Other State Municipalities [Member] | ||
Amortized Cost | 5,321 | |
Fair Value | 5,370 | |
Special Revenue [Member] | ||
Amortized Cost | 4,269 | 6,101 |
Fair Value | 4,303 | 6,130 |
Special Revenue [Member] | School [Member] | Other State Municipalities [Member] | ||
Amortized Cost | 2,653 | |
Fair Value | 2,659 | |
Special Revenue [Member] | Public Improvement [Member] | Other State Municipalities [Member] | ||
Amortized Cost | 330 | 977 |
Fair Value | 342 | 992 |
Special Revenue [Member] | Other [Member] | Pennsylvania Municipalities [Member] | ||
Amortized Cost | 2,144 | 2,221 |
Fair Value | 2,133 | 2,227 |
Special Revenue [Member] | Other [Member] | Other State Municipalities [Member] | ||
Amortized Cost | 1,795 | |
Fair Value | 1,828 | |
Special Revenue [Member] | Water and Sewer [Member] | Other State Municipalities [Member] | ||
Amortized Cost | 250 | |
Fair Value | $ 252 |
Note 6 - Loans and Related Al_3
Note 6 - Loans and Related Allowance for Loan Losses (Details Textual) | 12 Months Ended | |
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Real Estate Loans Serviced for Others | $ 99,000,000 | $ 95,400,000 |
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | 926,000 | 808,000 |
Loans and Leases Receivable, Gross, Total | 912,872,000 | 744,392,000 |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 66,000 | 74,000 |
Impaired Financing Receivable, Recorded Investment, Total | 7,881,000 | $ 10,669,000 |
Impaired Financing Receivable Increase (Decrease) | (2,800,000) | |
Impaired Financing Receivable, Charge off | $ 1,200,000 | |
Financing Receivable, TDRs, Number of Contracts | 12 | 16 |
Financing Receivable, Modifications, Recorded Investment | $ 3,600,000 | $ 4,500,000 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Originated Loans [Member] | ||
Loans and Leases Receivable, Gross, Total | $ 721,591,000 | $ 614,898,000 |
Impaired Financing Receivable, Recorded Investment, Total | 4,143,000 | 8,219,000 |
Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross, Total | 191,281,000 | 129,494,000 |
Impaired Financing Receivable, Recorded Investment, Total | 3,738,000 | $ 2,450,000 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts Paid Off | 1 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans and Leases Receivable, Gross, Total | 113,196,000 | $ 107,835,000 |
Impaired Financing Receivable, Recorded Investment, Total | $ 1,464,000 | 4,195,000 |
Financing Receivable, Modifications, Number of Contracts Paid Off | 1 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross, Total | $ 97,466,000 | 100,294,000 |
Impaired Financing Receivable, Recorded Investment, Total | 1,448,000 | 3,929,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross, Total | 15,730,000 | 7,541,000 |
Impaired Financing Receivable, Recorded Investment, Total | 16,000 | 266,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans and Leases Receivable, Gross, Total | 287,144,000 | 209,037,000 |
Impaired Financing Receivable, Recorded Investment, Total | $ 4,734,000 | 4,549,000 |
Financing Receivable, Modifications, Number of Contracts Paid Off | 1 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross, Total | $ 212,268,000 | 160,235,000 |
Impaired Financing Receivable, Recorded Investment, Total | 2,224,000 | 3,622,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross, Total | 74,876,000 | 48,802,000 |
Impaired Financing Receivable, Recorded Investment, Total | $ 2,510,000 | 927,000 |
Residential Portfolio Segment [Member] | Acquired Loans [Member] | ||
Financing Receivable, Modifications, Number of Contracts Paid Off | 1 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans and Leases Receivable, Gross, Total | $ 324,956,000 | 273,438,000 |
Impaired Financing Receivable, Recorded Investment, Total | 1,283,000 | 1,346,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross, Total | 233,679,000 | 200,486,000 |
Impaired Financing Receivable, Recorded Investment, Total | 71,000 | $ 89,000 |
Financing Receivable, Modifications, Number of Termed Out | 1 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross, Total | 91,277,000 | $ 72,952,000 |
Impaired Financing Receivable, Recorded Investment, Total | $ 1,212,000 | $ 1,257,000 |
Originated Loans [Member] | ||
Financing Receivable, TDRs, Number of Contracts | 6 | 8 |
Financing Receivable, Modifications, Recorded Investment | $ 2,100,000 | $ 2,600,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Financing Receivable, Modifications, Number of Termed Out | 1 | |
Acquired Loans [Member] | ||
Financing Receivable, TDRs, Number of Contracts | 6 | 8 |
Financing Receivable, Modifications, Recorded Investment | $ 1,500,000 | $ 1,900,000 |
Unlikely to be Collected Financing Receivable [Member] | ||
Loans and Leases Receivable, Gross, Total | $ 0 | $ 0 |
Note 6 - Loans and Related Al_4
Note 6 - Loans and Related Allowance for Loan Losses - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Loans | $ 912,872 | $ 744,392 |
Allowance for loan losses | (9,558) | (8,796) |
Loans, Net | 903,314 | 735,596 |
Originated Loans [Member] | ||
Loans | 721,591 | 614,898 |
Allowance for loan losses | (8,942) | (8,215) |
Loans, Net | 712,649 | 606,683 |
Acquired Loans [Member] | ||
Loans | 191,281 | 129,494 |
Allowance for loan losses | (616) | (581) |
Loans, Net | 190,665 | 128,913 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 324,956 | 273,438 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 233,679 | 200,486 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 91,277 | 72,952 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 287,144 | 209,037 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 212,268 | 160,235 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 74,876 | 48,802 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans | 113,196 | 107,835 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans | 97,466 | 100,294 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans | 15,730 | 7,541 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 48,824 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 46,824 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 2,000 | |
Consumer Portfolio Segment [Member] | ||
Loans | 122,241 | 114,557 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | 119,731 | 114,358 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans | 2,510 | 199 |
Unallocated Financing Receivables [Member] | ||
Loans | 16,511 | 3,376 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | ||
Loans | 11,623 | 3,376 |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | ||
Loans | $ 4,888 |
Note 6 - Loans and Related Al_5
Note 6 - Loans and Related Allowance for Loan Losses - Credit Quality Information (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Loans | $ 912,872 | $ 744,392 |
Pass [Member] | ||
Loans | 881,217 | 702,779 |
Special Mention [Member] | ||
Loans | 26,021 | 30,661 |
Substandard [Member] | ||
Loans | 3,396 | 8,963 |
Doubtful [Member] | ||
Loans | 2,238 | 1,989 |
Originated Loans [Member] | ||
Loans | 721,591 | 614,898 |
Originated Loans [Member] | Pass [Member] | ||
Loans | 699,497 | 580,837 |
Originated Loans [Member] | Special Mention [Member] | ||
Loans | 17,892 | 25,652 |
Originated Loans [Member] | Substandard [Member] | ||
Loans | 1,964 | 6,497 |
Originated Loans [Member] | Doubtful [Member] | ||
Loans | 2,238 | 1,912 |
Acquired Loans [Member] | ||
Loans | 191,281 | 129,494 |
Acquired Loans [Member] | Pass [Member] | ||
Loans | 181,720 | 121,942 |
Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 8,129 | 5,009 |
Acquired Loans [Member] | Substandard [Member] | ||
Loans | 1,432 | 2,466 |
Acquired Loans [Member] | Doubtful [Member] | ||
Loans | 77 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 324,956 | 273,438 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 321,549 | 270,045 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans | 1,922 | 1,031 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans | 1,485 | 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 | 233,679 | 200,486 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 232,059 | 198,869 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 1,071 | 1,031 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 549 | 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 | 91,277 | 72,952 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 89,490 | 71,176 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 851 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | 936 | 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 | 287,144 | 209,037 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 272,505 | 187,121 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans | 12,284 | 18,165 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans | 1,184 | 3,217 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans | 1,171 | 534 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 212,268 | 160,235 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 205,284 | 143,824 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 5,109 | 13,161 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 704 | 2,716 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | 1,171 | 534 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 74,876 | 48,802 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 67,221 | 43,297 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 7,175 | 5,004 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | 480 | 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 | 113,196 | 107,835 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Pass [Member] | ||
Loans | 103,075 | 92,180 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Special Mention [Member] | ||
Loans | 8,810 | 11,465 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Substandard [Member] | ||
Loans | 244 | 2,778 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Doubtful [Member] | ||
Loans | 1,067 | 1,412 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans | 97,466 | 100,294 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 87,361 | 84,910 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 8,810 | 11,460 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 228 | 2,589 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | 1,067 | 1,335 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans | 15,730 | 7,541 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 15,714 | 7,270 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 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 | 77 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 48,824 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 45,522 | 35,571 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans | 2,902 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans | 400 | 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 | 46,824 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 43,522 | 35,571 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 2,902 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 400 | 535 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | 43 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 2,000 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 2,000 | |
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 | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | ||
Loans | 122,241 | 114,557 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans | 122,158 | 114,486 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 83 | 71 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | 119,731 | 114,358 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 119,648 | 114,287 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 83 | 71 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans | 2,510 | 199 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 2,510 | 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 | 16,511 | 3,376 |
Other Portfolio Segment [Member] | Pass [Member] | ||
Loans | 16,408 | 3,376 |
Other Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | 103 | |
Other Portfolio Segment [Member] | Substandard [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | 11,623 | 3,376 |
Other Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 11,623 | 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 | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans | 4,888 | |
Other Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 4,785 | |
Other Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans |
Note 6 - Loans and Related Al_6
Note 6 - Loans and Related Allowance for Loan Losses - Loans by Aging Categories (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Loans current | $ 905,326 | $ 735,603 |
Past due | 4,265 | 4,869 |
Non-accrual | 3,281 | 3,920 |
Loans | 912,872 | 744,392 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 3,548 | 2,830 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 390 | 1,871 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 327 | 168 |
Originated Loans [Member] | ||
Loans current | 716,081 | 607,821 |
Past due | 3,644 | 4,072 |
Non-accrual | 1,866 | 3,005 |
Loans | 721,591 | 614,898 |
Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 2,993 | 2,355 |
Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 324 | 1,691 |
Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 327 | 26 |
Acquired Loans [Member] | ||
Loans current | 189,245 | 127,782 |
Past due | 621 | 797 |
Non-accrual | 1,415 | 915 |
Loans | 191,281 | 129,494 |
Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 555 | 475 |
Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 66 | 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 | 320,559 | 269,897 |
Past due | 2,243 | 2,118 |
Non-accrual | 2,154 | 1,423 |
Loans | 324,956 | 273,438 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 1,782 | 1,486 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 137 | 490 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 324 | 142 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans current | 231,154 | 198,564 |
Past due | 1,770 | 1,398 |
Non-accrual | 755 | 524 |
Loans | 233,679 | 200,486 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 1,374 | 1,088 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 72 | 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 | 324 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans current | 89,405 | 71,333 |
Past due | 473 | 720 |
Non-accrual | 1,399 | 899 |
Loans | 91,277 | 72,952 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 408 | 398 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 65 | 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 | 286,801 | 208,749 |
Past due | 343 | |
Non-accrual | 288 | |
Loans | 287,144 | 209,037 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 161 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 182 | |
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 | 212,002 | 159,947 |
Past due | 266 | |
Non-accrual | 288 | |
Loans | 212,268 | 160,235 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 84 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 182 | |
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 | 74,799 | 48,802 |
Past due | 77 | |
Non-accrual | ||
Loans | 74,876 | 48,802 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 77 | |
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 | 111,884 | 104,311 |
Past due | 268 | 1,429 |
Non-accrual | 1,044 | 2,095 |
Loans | 113,196 | 107,835 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 268 | 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 | 96,222 | 96,863 |
Past due | 216 | 1,352 |
Non-accrual | 1,028 | 2,079 |
Loans | 97,466 | 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 | 216 | 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 | 15,662 | 7,448 |
Past due | 52 | 77 |
Non-accrual | 16 | 16 |
Loans | 15,730 | 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 | 52 | 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 current | 48,824 | 36,106 |
Past due | ||
Non-accrual | 43 | |
Loans | 48,824 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans current | 46,824 | 36,106 |
Past due | ||
Non-accrual | 43 | |
Loans | 46,824 | 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 | 2,000 | |
Past due | ||
Non-accrual | ||
Loans | 2,000 | |
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 | 120,747 | 113,164 |
Past due | 1,411 | 1,322 |
Non-accrual | 83 | 71 |
Loans | 122,241 | 114,557 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 1,337 | 1,142 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 71 | 154 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 3 | 26 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans current | 118,256 | 112,965 |
Past due | 1,392 | 1,322 |
Non-accrual | 83 | 71 |
Loans | 119,731 | 114,358 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 1,319 | 1,142 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 70 | 154 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 3 | 26 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans current | 2,491 | 199 |
Past due | 19 | |
Non-accrual | ||
Loans | 2,510 | 199 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 18 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 1 | |
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 | 16,511 | 3,376 |
Past due | ||
Non-accrual | ||
Loans | 16,511 | 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 | 11,623 | 3,376 |
Past due | ||
Non-accrual | ||
Loans | 11,623 | 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 | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans current | 4,888 | |
Past due | ||
Non-accrual | ||
Loans | 4,888 | |
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due |
Note 6 - Loans and Related Al_7
Note 6 - Loans and Related Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Recorded investment - with no related allowance | $ 6,081,000 | $ 6,185,000 |
Unpaid principal balance - with no related allowance | 6,096,000 | 6,187,000 |
Average recorded investment - with no related allowance | 5,679,000 | 6,664,000 |
Interest income recognzied - with no related allowance | 294,000 | 290,000 |
Recorded investment - with related allowance | 1,800,000 | 4,484,000 |
Related allowance | 1,012,000 | 1,618,000 |
Unpaid principal balance - with related allowance | 1,905,000 | 4,576,000 |
Average recorded investment - with related allowance | 1,954,000 | 4,953,000 |
Interest income recognized - with related allowance | 106,000 | 228,000 |
Recorded investment | 7,881,000 | 10,669,000 |
Unpaid principal balance | 8,001,000 | 10,763,000 |
Average recorded investment | 7,633,000 | 11,617,000 |
Interest income recognized | 400,000 | 518,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 1,283,000 | 1,346,000 |
Unpaid principal balance - with no related allowance | 1,286,000 | 1,348,000 |
Average recorded investment - with no related allowance | 1,316,000 | 1,392,000 |
Interest income recognzied - with no related allowance | 67,000 | 69,000 |
Related allowance | ||
Recorded investment | 1,283,000 | 1,346,000 |
Unpaid principal balance | 1,286,000 | 1,348,000 |
Average recorded investment | 1,316,000 | 1,392,000 |
Interest income recognized | 67,000 | 69,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 4,016,000 | 3,069,000 |
Unpaid principal balance - with no related allowance | 4,016,000 | 3,069,000 |
Average recorded investment - with no related allowance | 3,494,000 | 3,262,000 |
Interest income recognzied - with no related allowance | 197,000 | 155,000 |
Recorded investment - with related allowance | 718,000 | 1,480,000 |
Related allowance | 219,000 | 351,000 |
Unpaid principal balance - with related allowance | 718,000 | 1,480,000 |
Average recorded investment - with related allowance | 745,000 | 1,509,000 |
Interest income recognized - with related allowance | 43,000 | 65,000 |
Recorded investment | 4,734,000 | 4,549,000 |
Unpaid principal balance | 4,734,000 | 4,549,000 |
Average recorded investment | 4,239,000 | 4,771,000 |
Interest income recognized | 240,000 | 220,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 1,191,000 | |
Unpaid principal balance - with no related allowance | 1,191,000 | |
Average recorded investment - with no related allowance | 1,378,000 | |
Interest income recognzied - with no related allowance | 40,000 | |
Recorded investment - with related allowance | 1,082,000 | 3,004,000 |
Related allowance | 793,000 | 1,267,000 |
Unpaid principal balance - with related allowance | 1,187,000 | 3,096,000 |
Average recorded investment - with related allowance | 1,209,000 | 3,444,000 |
Interest income recognized - with related allowance | 63,000 | 163,000 |
Recorded investment | 1,464,000 | 4,195,000 |
Unpaid principal balance | 1,581,000 | 4,287,000 |
Average recorded investment | 1,612,000 | 4,822,000 |
Interest income recognized | 68,000 | 203,000 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 400,000 | 578,000 |
Unpaid principal balance - with no related allowance | 400,000 | 578,000 |
Average recorded investment - with no related allowance | 466,000 | 629,000 |
Interest income recognzied - with no related allowance | 25,000 | 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 | ||
Originated Loans [Member] | ||
Recorded investment - with no related allowance | 2,403,000 | 3,812,000 |
Unpaid principal balance - with no related allowance | 2,418,000 | 3,814,000 |
Average recorded investment - with no related allowance | 2,577,000 | 4,101,000 |
Interest income recognzied - with no related allowance | 108,000 | 162,000 |
Recorded investment - with related allowance | 1,740,000 | 4,407,000 |
Related allowance | 998,000 | 1,615,000 |
Unpaid principal balance - with related allowance | 1,845,000 | 4,499,000 |
Average recorded investment - with related allowance | 1,909,000 | 4,855,000 |
Interest income recognized - with related allowance | 103,000 | 224,000 |
Recorded investment | 4,143,000 | 8,219,000 |
Unpaid principal balance | 4,263,000 | 8,313,000 |
Average recorded investment | 4,486,000 | 8,956,000 |
Interest income recognized | 211,000 | 386,000 |
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 71,000 | 89,000 |
Unpaid principal balance - with no related allowance | 74,000 | 91,000 |
Average recorded investment - with no related allowance | 82,000 | 114,000 |
Interest income recognzied - with no related allowance | 4,000 | 4,000 |
Related allowance | ||
Recorded investment | 71,000 | 89,000 |
Unpaid principal balance | 74,000 | 91,000 |
Average recorded investment | 82,000 | 114,000 |
Interest income recognized | 4,000 | 4,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 1,550,000 | 2,142,000 |
Unpaid principal balance - with no related allowance | 1,550,000 | 2,142,000 |
Average recorded investment - with no related allowance | 1,626,000 | 2,297,000 |
Interest income recognzied - with no related allowance | 74,000 | 104,000 |
Recorded investment - with related allowance | 674,000 | 1,480,000 |
Related allowance | 211,000 | 351,000 |
Unpaid principal balance - with related allowance | 674,000 | 1,480,000 |
Average recorded investment - with related allowance | 716,000 | 1,509,000 |
Interest income recognized - with related allowance | 40,000 | 65,000 |
Recorded investment | 2,224,000 | 3,622,000 |
Unpaid principal balance | 2,224,000 | 3,622,000 |
Average recorded investment | 2,342,000 | 3,806,000 |
Interest income recognized | 114,000 | 169,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 382,000 | 1,002,000 |
Unpaid principal balance - with no related allowance | 394,000 | 1,002,000 |
Average recorded investment - with no related allowance | 403,000 | 1,058,000 |
Interest income recognzied - with no related allowance | 5,000 | 28,000 |
Recorded investment - with related allowance | 1,066,000 | 2,927,000 |
Related allowance | 787,000 | 1,264,000 |
Unpaid principal balance - with related allowance | 1,171,000 | 3,019,000 |
Average recorded investment - with related allowance | 1,193,000 | 3,346,000 |
Interest income recognized - with related allowance | 63,000 | 159,000 |
Recorded investment | 1,448,000 | 3,929,000 |
Unpaid principal balance | 1,565,000 | 4,021,000 |
Average recorded investment | 1,596,000 | 4,404,000 |
Interest income recognized | 68,000 | 187,000 |
Originated Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 400,000 | 578,000 |
Unpaid principal balance - with no related allowance | 400,000 | 578,000 |
Average recorded investment - with no related allowance | 466,000 | 629,000 |
Interest income recognzied - with no related allowance | 25,000 | 26,000 |
Related allowance | ||
Recorded investment | 400,000 | 578,000 |
Unpaid principal balance | 400,000 | 578,000 |
Average recorded investment | 466,000 | 629,000 |
Interest income recognized | 25,000 | 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 | ||
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 | 3,678,000 | 2,373,000 |
Unpaid principal balance - with no related allowance | 3,678,000 | 2,373,000 |
Average recorded investment - with no related allowance | 3,102,000 | 2,563,000 |
Interest income recognzied - with no related allowance | 186,000 | 128,000 |
Recorded investment - with related allowance | 60,000 | 77,000 |
Related allowance | 14,000 | 3,000 |
Unpaid principal balance - with related allowance | 60,000 | 77,000 |
Average recorded investment - with related allowance | 45,000 | 98,000 |
Interest income recognized - with related allowance | 3,000 | 4,000 |
Recorded investment | 3,738,000 | 2,450,000 |
Unpaid principal balance | 3,738,000 | 2,450,000 |
Average recorded investment | 3,147,000 | 2,661,000 |
Interest income recognized | 189,000 | 132,000 |
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 1,212,000 | 1,257,000 |
Unpaid principal balance - with no related allowance | 1,212,000 | 1,257,000 |
Average recorded investment - with no related allowance | 1,234,000 | 1,278,000 |
Interest income recognzied - with no related allowance | 63,000 | 65,000 |
Related allowance | ||
Recorded investment | 1,212,000 | 1,257,000 |
Unpaid principal balance | 1,212,000 | 1,257,000 |
Average recorded investment | 1,234,000 | 1,278,000 |
Interest income recognized | 63,000 | 65,000 |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 2,466,000 | 927,000 |
Unpaid principal balance - with no related allowance | 2,466,000 | 927,000 |
Average recorded investment - with no related allowance | 1,868,000 | 965,000 |
Interest income recognzied - with no related allowance | 123,000 | 51,000 |
Recorded investment - with related allowance | 44,000 | |
Related allowance | 8,000 | |
Unpaid principal balance - with related allowance | 44,000 | |
Average recorded investment - with related allowance | 29,000 | |
Interest income recognized - with related allowance | 3,000 | |
Recorded investment | 2,510,000 | 927,000 |
Unpaid principal balance | 2,510,000 | 927,000 |
Average recorded investment | 1,897,000 | 965,000 |
Interest income recognized | 126,000 | 51,000 |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 382,000 | 189,000 |
Unpaid principal balance - with no related allowance | 394,000 | 189,000 |
Average recorded investment - with no related allowance | 403,000 | 320,000 |
Interest income recognzied - with no related allowance | 5,000 | 12,000 |
Recorded investment - with related allowance | 16,000 | 77,000 |
Related allowance | 6,000 | 3,000 |
Unpaid principal balance - with related allowance | 16,000 | 77,000 |
Average recorded investment - with related allowance | 16,000 | 98,000 |
Interest income recognized - with related allowance | 4,000 | |
Recorded investment | 16,000 | 266,000 |
Unpaid principal balance | 16,000 | 266,000 |
Average recorded investment | 16,000 | 418,000 |
Interest income recognized | 16,000 | |
Acquired Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Related allowance | ||
Recorded investment | 400,000 | 578,000 |
Unpaid principal balance | 400,000 | 578,000 |
Average recorded investment | 466,000 | 629,000 |
Interest income recognized | $ 25,000 | 26,000 |
Acquired Loans [Member] | Unallocated Financing Receivables [Member] | ||
Related allowance | ||
Recorded investment | 1,000 | |
Unpaid principal balance | 1,000 | |
Average recorded investment | 3,000 | |
Interest income recognized |
Note 6 - Loans and Related Al_8
Note 6 - Loans and Related Allowance for Loan Losses - Loans Classified as TDRs (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Originated Loans [Member] | ||
Number of contracts | 1 | 1 |
Pre-modification outstanding recorded investment | $ 161 | $ 61 |
Post-modification outstanding recorded investment | 161 | 61 |
Related allowance | ||
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Number of contracts | 1 | |
Pre-modification outstanding recorded investment | $ 161 | |
Post-modification outstanding recorded investment | 161 | |
Related allowance | ||
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Number of contracts | 1 | |
Pre-modification outstanding recorded investment | $ 61 | |
Post-modification outstanding recorded investment | 61 | |
Related allowance | ||
Acquired Loans [Member] | ||
Number of contracts | 1 | |
Pre-modification outstanding recorded investment | $ 7 | |
Post-modification outstanding recorded investment | 7 | |
Related allowance | ||
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Number of contracts | 1 | |
Pre-modification outstanding recorded investment | $ 7 | |
Post-modification outstanding recorded investment | 7 | |
Related allowance |
Note 6 - Loans and Related Al_9
Note 6 - Loans and Related Allowance for Loan Losses - Accretable Discount on Loans Acquired at Fair Value (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Balance | $ 760 | $ 1,640 |
Accretable yield | (299) | (597) |
Reduction due to unexpected early payoffs | 98 | (171) |
Nonaccretable discount | (112) | |
Acquired Loan Purchase Accounting Adjustment related to FWVB Merger at April 30, 2018 | 1,348 | |
Nonaccretable premium | 5 | |
Balance | $ 1,912 | $ 760 |
Note 6 - Loans and Related A_10
Note 6 - Loans and Related Allowance for Loan Losses - Related Party Loans (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Balance | $ 7,173 | $ 7,545 |
Additions | 2,000 | 362 |
Payments | (2,939) | (734) |
Balance | $ 6,234 | $ 7,173 |
Note 6 - Loans and Related A_11
Note 6 - Loans and Related Allowance for Loan Losses - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Beginning Balance | $ 8,796 | $ 7,803 |
Charge-offs | (2,117) | (1,182) |
Recoveries | 354 | 305 |
Provision | 2,525 | 1,870 |
Ending Balance | 9,558 | 8,796 |
Individually Evaluated for Impairment | 1,012 | 1,618 |
Collectively Evaluated for Potential Impairment | 8,546 | 7,178 |
Originated Loans [Member] | ||
Beginning Balance | 8,215 | 7,283 |
Charge-offs | (2,023) | (937) |
Recoveries | 225 | 249 |
Provision | 2,525 | 1,620 |
Ending Balance | 8,942 | 8,215 |
Individually Evaluated for Impairment | 998 | 1,615 |
Collectively Evaluated for Potential Impairment | 7,944 | 6,600 |
Acquired Loans [Member] | ||
Beginning Balance | 581 | 520 |
Charge-offs | (94) | (245) |
Recoveries | 129 | 56 |
Provision | 250 | |
Ending Balance | 616 | 581 |
Individually Evaluated for Impairment | 14 | 3 |
Collectively Evaluated for Potential Impairment | 602 | 578 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Beginning Balance | 891 | 1,106 |
Charge-offs | (64) | (131) |
Recoveries | 28 | 62 |
Provision | 186 | (146) |
Ending Balance | 1,041 | 891 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 1,041 | 891 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Beginning Balance | 891 | 1,106 |
Charge-offs | (28) | (22) |
Recoveries | 19 | 13 |
Provision | 159 | (206) |
Ending Balance | 1,041 | 891 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 1,041 | 891 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Beginning Balance | ||
Charge-offs | (36) | (109) |
Recoveries | 9 | 49 |
Provision | 27 | 60 |
Ending Balance | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Beginning Balance | 2,289 | 2,307 |
Charge-offs | (132) | |
Recoveries | 168 | 3 |
Provision | 64 | 111 |
Ending Balance | 2,521 | 2,289 |
Individually Evaluated for Impairment | 219 | 351 |
Collectively Evaluated for Potential Impairment | 2,302 | 1,938 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Beginning Balance | 1,799 | 1,942 |
Charge-offs | ||
Recoveries | 51 | |
Provision | 195 | (143) |
Ending Balance | 2,045 | 1,799 |
Individually Evaluated for Impairment | 211 | 351 |
Collectively Evaluated for Potential Impairment | 1,834 | 1,448 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Beginning Balance | 490 | 365 |
Charge-offs | (132) | |
Recoveries | 117 | 3 |
Provision | (131) | 254 |
Ending Balance | 476 | 490 |
Individually Evaluated for Impairment | 8 | |
Collectively Evaluated for Potential Impairment | 468 | 490 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Beginning Balance | 2,544 | 1,699 |
Charge-offs | (1,456) | |
Recoveries | 5 | 37 |
Provision | 2,152 | 808 |
Ending Balance | 3,245 | 2,544 |
Individually Evaluated for Impairment | 793 | 1,267 |
Collectively Evaluated for Potential Impairment | 2,452 | 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 | 5 | 37 |
Provision | 2,070 | 845 |
Ending Balance | 3,138 | 2,461 |
Individually Evaluated for Impairment | 787 | 1,264 |
Collectively Evaluated for Potential Impairment | 2,351 | 1,197 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Beginning Balance | 83 | 120 |
Charge-offs | (58) | |
Recoveries | ||
Provision | 82 | (37) |
Ending Balance | 107 | 83 |
Individually Evaluated for Impairment | 6 | 3 |
Collectively Evaluated for Potential Impairment | 101 | 80 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Beginning Balance | 276 | 65 |
Charge-offs | ||
Recoveries | ||
Provision | 118 | 211 |
Ending Balance | 394 | 276 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 394 | 276 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Beginning Balance | 276 | 65 |
Charge-offs | ||
Recoveries | ||
Provision | 118 | 211 |
Ending Balance | 394 | 276 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 394 | 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 | ||
Consumer Portfolio Segment [Member] | ||
Beginning Balance | 2,358 | 2,463 |
Charge-offs | (597) | (919) |
Recoveries | 153 | 203 |
Provision | 113 | 611 |
Ending Balance | 2,027 | 2,358 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 2,027 | 2,358 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Beginning Balance | 2,358 | 2,463 |
Charge-offs | (597) | (915) |
Recoveries | 150 | 199 |
Provision | 116 | 611 |
Ending Balance | 2,027 | 2,358 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 2,027 | 2,358 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Beginning Balance | ||
Charge-offs | (4) | |
Recoveries | 3 | 4 |
Provision | (3) | |
Ending Balance | ||
Individually Evaluated for 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 | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Beginning Balance | ||
Charge-offs | ||
Recoveries | ||
Provision | ||
Ending Balance | ||
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 | ||
Unallocated Financing Receivables [Member] | ||
Beginning Balance | 438 | 163 |
Charge-offs | ||
Recoveries | ||
Provision | (108) | 275 |
Ending Balance | 330 | 438 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 330 | 438 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | ||
Beginning Balance | 430 | 128 |
Charge-offs | ||
Recoveries | ||
Provision | (133) | 302 |
Ending Balance | 297 | 430 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 297 | 430 |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | ||
Beginning Balance | 8 | 35 |
Charge-offs | ||
Recoveries | ||
Provision | 25 | (27) |
Ending Balance | 33 | 8 |
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | $ 33 | $ 8 |
Note 6 - Loans and Related A_12
Note 6 - Loans and Related Allowance for Loan Losses - Loans Summarized by Individually Evaluated for Impairment and Collectively Evaluated for Potential Losses (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Individually Evaluated for Impairment | $ 7,881 | $ 10,669 |
Collectively Evaluated for Potential Impairment | 904,991 | 733,723 |
Total Loans | 912,872 | 744,392 |
Originated Loans [Member] | ||
Individually Evaluated for Impairment | 4,143 | 8,219 |
Collectively Evaluated for Potential Impairment | 717,448 | 606,679 |
Total Loans | 721,591 | 614,898 |
Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 3,738 | 2,450 |
Collectively Evaluated for Potential Impairment | 187,543 | 127,044 |
Total Loans | 191,281 | 129,494 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 1,283 | 1,346 |
Collectively Evaluated for Potential Impairment | 323,673 | 272,092 |
Total Loans | 324,956 | 273,438 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 71 | 89 |
Collectively Evaluated for Potential Impairment | 233,608 | 200,397 |
Total Loans | 233,679 | 200,486 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 1,212 | 1,257 |
Collectively Evaluated for Potential Impairment | 90,065 | 71,695 |
Total Loans | 91,277 | 72,952 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 4,734 | 4,549 |
Collectively Evaluated for Potential Impairment | 282,410 | 204,488 |
Total Loans | 287,144 | 209,037 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 2,224 | 3,622 |
Collectively Evaluated for Potential Impairment | 210,044 | 156,613 |
Total Loans | 212,268 | 160,235 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 2,510 | 927 |
Collectively Evaluated for Potential Impairment | 72,366 | 47,875 |
Total Loans | 74,876 | 48,802 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Individually Evaluated for Impairment | 1,464 | 4,195 |
Collectively Evaluated for Potential Impairment | 111,732 | 103,640 |
Total Loans | 113,196 | 107,835 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 1,448 | 3,929 |
Collectively Evaluated for Potential Impairment | 96,018 | 96,365 |
Total Loans | 97,466 | 100,294 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 16 | 266 |
Collectively Evaluated for Potential Impairment | 15,714 | 7,275 |
Total Loans | 15,730 | 7,541 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 400 | 578 |
Collectively Evaluated for Potential Impairment | 48,424 | 35,571 |
Total Loans | 48,824 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 400 | 578 |
Collectively Evaluated for Potential Impairment | 46,424 | 35,571 |
Total Loans | 46,824 | 36,149 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 2,000 | |
Total Loans | 2,000 | |
Consumer Portfolio Segment [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 122,241 | 114,557 |
Total Loans | 122,241 | 114,557 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 119,731 | 114,358 |
Total Loans | 119,731 | 114,358 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 2,510 | 199 |
Total Loans | 2,510 | 199 |
Other Portfolio Segment [Member] | ||
Individually Evaluated for Impairment | 1 | |
Collectively Evaluated for Potential Impairment | 16,511 | 3,375 |
Total Loans | 16,511 | 3,376 |
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 1 | |
Collectively Evaluated for Potential Impairment | 11,623 | 3,375 |
Total Loans | 11,623 | 3,376 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 4,888 | |
Total Loans | $ 4,888 |
Note 7 - Premises and Equipme_3
Note 7 - Premises and Equipment (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Depreciation, Total | $ 1,300,000 | $ 1,100,000 |
Commitments for Awarded Construction Contracts | $ 0 | 3,600,000 |
Commitments for Awarded Construction Contracts, Amount Paid | $ 250,000 |
Note 7 - Premise and Equipment
Note 7 - Premise and Equipment - Classifications of Premises and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Property, plant, and equipment | $ 40,944 | $ 33,227 |
Less Accumulated Depreciation and Amortization | (17,496) | (16,515) |
Total Premises and Equipment | 23,448 | 16,712 |
Land [Member] | ||
Property, plant, and equipment | 3,808 | 2,040 |
Building [Member] | ||
Property, plant, and equipment | 23,460 | 16,217 |
Leasehold Improvements [Member] | ||
Property, plant, and equipment | 1,568 | 1,795 |
Furniture and Fixtures [Member] | ||
Property, plant, and equipment | 11,755 | 10,574 |
Assets Held under Capital Leases [Member] | ||
Property, plant, and equipment | 299 | 299 |
Construction in Progress [Member] | ||
Property, plant, and equipment | $ 54 | $ 2,302 |
Note 8 - Core Deposit Intangi_3
Note 8 - Core Deposit Intangible & Goodwill (Details Textual) - USD ($) | Apr. 30, 2018 | Oct. 31, 2014 | Dec. 31, 2018 | Jun. 30, 2018 |
Core Deposits [Member] | ||||
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 1,900,000 | |||
Finite-lived Intangible Assets, Five Year Amortization | 9,700,000 | |||
First West Virginia Bancorp [Member] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 9,127,000 | $ 12,789,000 | ||
First West Virginia Bancorp [Member] | Core Deposits [Member] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 9,100,000 | |||
Finite-Lived Intangible Asset, Useful Life | 6 years 182 days | |||
FedFirst Financial Corporation [Member] | Core Deposits [Member] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 5,000,000 | |||
Finite-Lived Intangible Asset, Useful Life | 9 years |
Note 8 - Core Deposit Intangi_4
Note 8 - Core Deposit Intangible & Goodwill - Core Deposit Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Balance | $ 3,284 | |
Amortization Expense | (1,477) | $ (535) |
Balance | 10,934 | 3,284 |
Core Deposits [Member] | ||
Balance | 3,285 | 3,819 |
Amortization Expense | (1,477) | (534) |
Addition of Core Deposit Intangible from FWVB Merger | 9,126 | |
Balance | $ 10,934 | $ 3,285 |
Note 8 - Core Deposit Intangi_5
Note 8 - Core Deposit Intangible & Goodwill - Goodwill (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Balance | $ 4,953 |
Goodwill associated to the FWVB merger on April 30, 2018 | 23,472 |
Balance | $ 28,425 |
Note 9 - Deposits (Details Text
Note 9 - Deposits (Details Textual) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Time Deposits, at or Above FDIC Insurance Limit | $ 68 | $ 52.1 |
Note 9 - Deposits - Maturities
Note 9 - Deposits - Maturities of Time Deposits (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
2019 | $ 92,983 | |
2020 | 53,009 | |
2021 | 21,868 | |
2022 | 26,547 | |
2023 | 14,006 | |
Beyond 2023 | 6,478 | |
Total | $ 214,891 | $ 164,301 |
Note 10 - Short-term Borrowin_3
Note 10 - Short-term Borrowings - Federal Funds Purchased and Short-term Borrowings (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Balance at Period End, Amount | $ 30,979 | $ 39,605 |
Federal Funds Purchased [Member] | ||
Average Balance Outstanding During the Period, Amount | $ 37 | 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 | $ 19,726 | $ 215 |
Average Balance Outstanding During the Period, Weighted Average Rate | 1.86% | 0.93% |
Maximum Amount Outstanding at any Month End, Amount | $ 98,960 | $ 13,764 |
Balance at Period End, Amount | $ 13,764 | |
Balance at Period End, Weighted Average Rate | 1.57% | |
Securities Sold under Agreements to Repurchase [Member] | ||
Average Balance Outstanding During the Period, Amount | $ 29,300 | $ 26,350 |
Average Balance Outstanding During the Period, Weighted Average Rate | 0.53% | 0.31% |
Maximum Amount Outstanding at any Month End, Amount | $ 35,661 | $ 27,951 |
Balance at Period End, Amount | $ 30,979 | $ 25,841 |
Balance at Period End, Weighted Average Rate | 0.54% | 0.26% |
Carrying Value, Amount | $ 48,131 | $ 38,953 |
Market Value, Amount | $ 47,083 | $ 38,081 |
Note 11 - Other Borrowed Fund_2
Note 11 - Other Borrowed Funds (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | $ 373,400,000 | |
Line of Credit Facility, Maximum Borrowing Capacity | 7,900,000 | $ 10,700,000 |
Variable Rate Line of Credit [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 147,000,000 | 143,100,000 |
Federal Reserve Bank [Member] | ||
Long-term Line of Credit, Total | 0 | 0 |
Line of Credit Facility, Maximum Borrowing Capacity | 107,900,000 | |
Various Banks [Member] | ||
Long-term Line of Credit, Total | 0 | 0 |
Line of Credit Facility, Maximum Borrowing Capacity | 60,000,000 | $ 40,000,000 |
Various Banks [Member] | First West Virginia Bancorp [Member] | ||
Line of Credit Facility, Increase in Maximum Borrowing Capacity | $ 20,000,000 |
Note 11 - Other Borrowed Fund_3
Note 11 - Other Borrowed Funds - Federal Home Loan Bank Advances (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Due in One Year, amount | $ 6 | $ 4.5 |
Due in One Year, weighted average rate | 1.78% | 1.41% |
Due After One Year to Two Years, amount | $ 6 | $ 6 |
Due After One Year to Two Years, weighted average rate | 1.97% | 1.78% |
Due After Two Years to Three Years, amount | $ 5 | $ 6 |
Due After Two Years to Three Years, weighted average rate | 2.18% | 1.97% |
Due After Three Years to Four Years, amount | $ 3 | $ 5 |
Due After Three Years to Four Years, weighted average rate | 2.41% | 2.18% |
Due After Four Years to Five Years, amount | $ 3 | |
Due After Four Years to Five Years, weighted average rate | 2.41% | |
Due After Five Years, amount | ||
Due After Five Years, weighted average rate | ||
Total, amount | $ 20 | $ 24.5 |
Weighted Average [Member] | ||
Total, weighted average rate | 2.03% | 1.92% |
Note 12 - Income Taxes (Details
Note 12 - Income Taxes (Details Textual) - USD ($) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Apr. 30, 2018 | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 34.00% | ||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | $ (89,000) | |||
Reclassification of Stranded Tax Effects From AOCI to Retained Earnings | [1] | |||
Deferred Tax Assets, Valuation Allowance, Total | 1,311,000 | 0 | $ 1,300,000 | |
Unrecognized Tax Benefits, Ending Balance | 0 | 0 | ||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 0 | 0 | ||
First West Virginia Bancorp [Member] | Alternative Minimum Tax Credit [Member] | ||||
Tax Credit Carryforward, Amount | $ 1,300,000 | |||
Accounting Standards Update 2018-02 [Member] | Adjustments for New Accounting Principle, Early Adoption [Member] | ||||
Reclassification of Stranded Tax Effects From AOCI to Retained Earnings | $ 220,000 | $ 220,000 | ||
[1] | This reclassification is the result of the Company's early adopting of FASB ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220). See Note 1 for additional information. |
Note 12 - Income Taxes - Provis
Note 12 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Current Payable | $ 515 | $ 3,137 | ||||||||||
Tax Act impact of the stranded tax effect related to deferred taxes for AFS securities | 220 | |||||||||||
Tax Act impact on remaining deferred tax assets and liabilities | (309) | |||||||||||
Deferred Expense (Benefit) | 1,023 | (174) | ||||||||||
Total Provision | $ 561 | $ 576 | $ 234 | $ 167 | $ 538 | $ 910 | $ 696 | $ 730 | $ 1,538 | [1] | $ 2,874 | [1] |
[1] | See Note 1 - Income Taxes for further details on the reduction of the effective tax rate. |
Note 12 - Income Taxes - Summar
Note 12 - Income Taxes - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2018 | Apr. 30, 2018 | Dec. 31, 2017 | |
Deferred Tax Assets: | ||||
Allowance for Loan Losses | $ 2,063,000 | $ 1,847,000 | ||
Amortization of Core Deposit Intangible | 1,000 | 9,000 | ||
Amortization of Intangibles | 72,000 | 68,000 | ||
Tax Credit Carryforwards | 2,010,000 | |||
Unrealized Loss of AFS - Merger Tax Adjustment | 894,000 | |||
Postretirement Benefits | 30,000 | 31,000 | ||
Net Unrealized Loss on Securities | 383,000 | 357,000 | ||
Passthrough Entities | 2,000 | 2,000 | ||
Stock-Based Compensation Expense | 28,000 | 17,000 | ||
Accrued Payroll | 44,000 | |||
OREO | 121,000 | |||
Purchase Accounting Adjustments - Acquired Loans | 413,000 | 160,000 | ||
Deferred Compensation | 55,000 | |||
Other | 67,000 | 92,000 | ||
Gross Deferred Tax Assets | 6,183,000 | 2,583,000 | ||
100% Valuation Allowance - AMT Tax Credit Carryforward | (1,311,000) | $ (1,300,000) | 0 | |
4,872,000 | 2,583,000 | |||
Deferred Tax Liabilities: | ||||
Deferred Origination Fees and Costs | 292,000 | 260,000 | ||
Depreciation | 714,000 | 375,000 | ||
Mortgage Servicing Rights | 198,000 | 191,000 | ||
Purchase Accounting Adjustment - Core Deposit Intangible | 2,361,000 | 690,000 | ||
Purchase Accounting Adjustments - Fixed Assets | 321,000 | 810,000 | ||
Purchase Accounting Adjustments - Certificates of Deposit | 175,000 | |||
Goodwill | 412,000 | 379,000 | ||
Gross Deferred Tax Liabilities | 4,473,000 | 2,705,000 | ||
Net Deferred Tax Assets | [1] | $ 399,000 | ||
Net Deferred Tax Liabilities | [1] | $ (122,000) | ||
[1] | The 2018 and 2017 DTAs and DTLs are tax effected by 21% according to the 2017 enactment of the Tax Cuts and Jobs Act. |
Note 12 - Income Taxes - Federa
Note 12 - Income Taxes - Federal Income Tax Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Provision at Statutory Rate, Amount | $ 1,804 | $ 3,338 | ||||||||||
Provision at Statutory Rate, Percentage | 21.00% | 34.00% | ||||||||||
State Taxes (Net of Federal Benefit), Amount | $ 98 | $ 79 | ||||||||||
State Taxes (Net of Federal Benefit), Percentage | 1.10% | 0.80% | ||||||||||
Effect of Tax-Free Income, Amount | $ (312) | $ (395) | ||||||||||
Effect of Tax-Free Income, Percentage | (3.60%) | (4.00%) | ||||||||||
BOLI Income, Amount | $ (197) | $ (162) | ||||||||||
BOLI Income, Percentage | (2.30%) | (1.60%) | ||||||||||
Merger Expenses, Amount | $ 54 | $ 119 | ||||||||||
Merger Expenses, Percentage | 0.60% | 1.20% | ||||||||||
Stock Options - ISO, Amount | $ 38 | $ 51 | ||||||||||
Stock Options - ISO, Percentage | 0.50% | 0.50% | ||||||||||
Effect of the enactment of the Tax Act, Amount | $ (89) | |||||||||||
Effect of the enactment of the Tax Act, Percentage | (0.90%) | |||||||||||
Other, Amount | $ 53 | $ (67) | ||||||||||
Other, Percentage | 0.60% | (0.70%) | ||||||||||
Total Provision | $ 561 | $ 576 | $ 234 | $ 167 | $ 538 | $ 910 | $ 696 | $ 730 | $ 1,538 | [1] | $ 2,874 | [1] |
Actual Tax Expense and Effective Rate, Percentage | 17.90% | 29.30% | ||||||||||
[1] | See Note 1 - Income Taxes for further details on the reduction of the effective tax rate. |
Note 13 - Employee Benefits (De
Note 13 - Employee Benefits (Details Textual) - USD ($) | Dec. 14, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 4.00% | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 25.00% | ||
Defined Contribution Plan, Cost | $ 172,000 | $ 141,000 | |
Allocated Share-based Compensation Expense, Total | 482,000 | 361,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 596,000 | 850,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 413,000 | 1,500,000 | |
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | 1 year | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 473,000 | $ 242,000 | |
Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | 5 years | |
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $ 12,000 | $ 13,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 11,612 | 5,991 | |
Restricted Stock Awards or Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 93,074 | 111,824 | |
Share-based Compensation Arrangement by Share-based Payment, Reduction of Shares Over Threshold | 3 | ||
Safe Harbor [Member] | |||
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 752,000 | $ 636,000 |
Note 13 - Employee Benefits - R
Note 13 - Employee Benefits - Restricted Stock Awards and Stock Option Grant (Details) - USD ($) $ / shares in Units, $ in Millions | Dec. 14, 2018 | Dec. 15, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Apr. 30, 2018 |
Number of stock options granted (in shares) | 40,015 | ||||
Grant date common stock price (in dollars per share) | $ 31.9068 | ||||
Restricted Stock [Member] | |||||
Number of restricted shares granted (in shares) | 18,750 | 8,250 | |||
2015 Equity Incentive Plan [Member] | |||||
Number of stock options granted (in shares) | 40,015 | ||||
Grant date common stock price (in dollars per share) | $ 25.45 | $ 30.75 | |||
Stock options market value before tax | $ 248 | ||||
2015 Equity Incentive Plan [Member] | Restricted Stock [Member] | |||||
Number of restricted shares granted (in shares) | 18,750 | 8,250 | |||
Restricted shares market value before tax | $ 477 | $ 254 | |||
2015 Equity Incentive Plan [Member] | Employee Stock Option [Member] | |||||
Expected life in years (Year) | 6 years 182 days | ||||
Expected dividend yield | 2.86% | ||||
Risk-free interest rate | 2.05% | ||||
Expected volatility | 26.20% | ||||
Weighted average grant date fair value (in dollars per share) | $ 6.21 |
Note 13 - Employee Benefits - S
Note 13 - Employee Benefits - Stock Option Plan Activity (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Outstanding, shares (in shares) | 263,640 | 227,100 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 24.38 | $ 24.33 | $ 23.17 |
Outstanding, weighted average remaining service period (Year) | 7 years 182 days | 8 years 182 days | 9 years 73 days |
Number of stock options granted (in shares) | 40,015 | ||
Granted, weighted average exercise price (in dollars per share) | $ 30.75 | ||
Granted, weighted average remaining service period (Year) | 10 years | ||
Exercised, shares (in shares) | (9,319) | (1,400) | |
Exercised, weighted average exercise price (in dollars per share) | $ 22.84 | $ 22.25 | |
Forfeited, shares (in shares) | (4,362) | (2,075) | |
Forfeited, weighted average exercise price (in dollars per share) | $ 24.36 | $ 23.21 | |
Outstanding, shares (in shares) | 249,959 | 263,640 | 227,100 |
Exercisable, shares (in shares) | 121,831 | 78,705 | |
Exercisable, weighted average exercise price (in dollars per share) | $ 23.44 | $ 22.78 | |
Exercisable, weighted average remaining service period (Year) | 7 years 73 days | 8 years 36 days | |
Restricted Stock [Member] | |||
Nonvested, shares (in shares) | 128,128 | 184,935 | |
Nonvested, weighted average exercise price (in dollars per share) | $ 25.28 | $ 24.99 | |
Nonvested, weighted average remaining service period (Year) | 7 years 255 days | 8 years 219 days | |
Nonvested, shares (in shares) | 128,128 | 184,935 | |
Nonvested, weighted average exercise price (in dollars per share) | $ 25.28 | $ 24.99 |
Note 13 - Employee Benefits -_2
Note 13 - Employee Benefits - Restricted Stock Award Activity (Details) - Restricted Stock [Member] - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Nonvested, shares (in shares) | 8,250 | 6,086 | |
Nonvested, Weighted Average Grant Date Fair Value Price (in dollars per share) | $ 25.45 | $ 30.75 | $ 26.45 |
Nonvested, Weighted Average Remaining Service Period (Year) | 5 years | 1 year | 1 year |
Number of restricted shares granted (in shares) | 18,750 | 8,250 | |
Granted, Weighted Average Grant Date Fair Value Price (in dollars per share) | $ 25.45 | $ 30.75 | |
Granted, Weighted Average Remaining Service Period (Year) | 5 years | 1 year | |
Vested, shares (in shares) | (8,250) | (6,086) | |
Vested, Weighted Average Grant Date Fair Value Price (in dollars per share) | $ (30.75) | $ (26.45) | |
Vested, Weighted Average Remaining Service Period (Year) | 1 year | 1 year | |
Forfeited, shares (in shares) | |||
Forfeited, Weighted Average Grant Date Fair Value Price (in dollars per share) | |||
Nonvested, shares (in shares) | 18,750 | 8,250 | 6,086 |
Note 14 - Commitments and Con_3
Note 14 - Commitments and Contingent Liabilities - Unused and Available Credit Balances of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financial instruments | $ 206,242 | $ 180,838 |
Financial Standby Letter of Credit [Member] | ||
Financial instruments | 37,559 | 55,105 |
Performance Guarantee [Member] | ||
Financial instruments | 3,544 | 4,339 |
Construction Mortgages [Member] | ||
Financial instruments | 56,691 | 30,619 |
Personal Line Of Credit [Member] | ||
Financial instruments | 6,186 | 6,183 |
Overdraft Protection Lines [Member] | ||
Financial instruments | 6,140 | 6,167 |
Home Equity Lines of Credit [Member] | ||
Financial instruments | 21,520 | 16,337 |
Commercial Lines Of Credit [Member] | ||
Financial instruments | $ 74,602 | $ 62,088 |
Note 15 - Regulatory Capital (D
Note 15 - Regulatory Capital (Details Textual) - USD ($) $ in Billions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2015 | Dec. 31, 2014 |
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% | 4.50% | |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% | 6.00% | 4.00% |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% | 8.00% | 6.00% |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% | 4.00% | 4.00% |
Countercyclical Buffer Threshold | $ 250 | |||
Total Foreign Exposure | 10 | |||
Small Depository Threshold | $ 15 | |||
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% | ||
Top Tier Holding Company Threshold | $ 50 | |||
Year 2016 [Member] | ||||
Tier 1 Capital Maximum Conservation Buffer | 0.625% | |||
Year 2017 [Member] | ||||
Tier 1 Capital Maximum Conservation Buffer | 1.25% | |||
Year 2018 [Member] | ||||
Tier 1 Capital Maximum Conservation Buffer | 1.875% | |||
Year 2019 [Member] | ||||
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 8.50% | |||
Capital Required for Capital Adequacy to Risk Weighted Assets | 10.50% | |||
Tier 1 Capital Maximum Conservation Buffer | 2.50% | |||
Tier One Minimum Capital Requirement to Common Equity | 7.00% | |||
Rules Phased-in In Upcoming Years [Member] | ||||
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | |||
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 5.00% | |||
Tier One Minimum Capital Requirement to Be Well Capitalized to Common Equity | 6.50% | |||
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% |
Note 15 - Regulatory Capital -
Note 15 - Regulatory Capital - Summary of Capital Ratios (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2015 | Dec. 31, 2014 |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) | ||||
Actual | $ 96,985 | $ 84,599 | ||
Actual | 11.44% | 12.22% | ||
For Capital Adequacy Purposes | $ 38,137 | $ 31,159 | ||
For Capital Adequacy Purposes | 4.50% | 4.50% | 4.50% | |
To Be Well Capitalized | $ 55,086 | $ 45,008 | ||
To Be Well Capitalized | 6.50% | 6.50% | ||
Tier I Capital (to Risk-Weighted Assets) | ||||
Actual | $ 96,985 | $ 84,599 | ||
Actual | 11.44% | 12.22% | ||
For Capital Adequacy Purposes | $ 50,849 | $ 41,546 | ||
For Capital Adequacy Purposes | 6.00% | 6.00% | 6.00% | 4.00% |
To Be Well Capitalized | $ 67,799 | $ 55,395 | ||
To Be Well Capitalized | 8.00% | 8.00% | ||
Total Capital (to Risk-Weighted Assets) | ||||
Actual | $ 106,543 | $ 93,257 | ||
Actual | 12.57% | 13.47% | ||
For Capital Adequacy Purposes | $ 67,799 | $ 55,395 | ||
For Capital Adequacy Purposes | 8.00% | 8.00% | 8.00% | 6.00% |
To Be Well Capitalized | $ 84,748 | $ 69,243 | ||
To Be Well Capitalized | 10.00% | 10.00% | ||
Tier I Leverage Capital (to Adjusted Total Assets) | ||||
Actual | $ 96,985 | $ 84,599 | ||
Actual | 7.82% | 9.27% | ||
For Capital Adequacy Purposes | $ 49,637 | $ 36,492 | ||
For Capital Adequacy Purposes | 4.00% | 4.00% | 4.00% | 4.00% |
To Be Well Capitalized | $ 62,046 | $ 45,616 | ||
To Be Well Capitalized | 5.00% | 5.00% |
Note 16 - Operating Leases (Det
Note 16 - Operating Leases (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Operating Leases, Rent Expense, Total | $ 808,000 | $ 531,000 |
Note 16 - Operating Leases - Su
Note 16 - Operating Leases - Summary of Operating Leases (Details) $ in Thousands | Dec. 31, 2018USD ($) |
2019 | $ 402 |
2020 | 358 |
2021 | 256 |
2022 | 114 |
2023 | 63 |
2024 & thereafter | 454 |
Total | $ 1,647 |
Note 17 - Fair Value Disclosu_3
Note 17 - Fair Value Disclosure (Details Textual) | 12 Months Ended | |
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 7,900,000 | $ 10,700,000 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,800,000 | 4,484,000 |
Impaired Financing Receivable, Related Allowance | 1,012,000 | 1,618,000 |
Real Estate Owned, Transfer to Real Estate Owned | 46,000 | 321,000 |
Gains (Losses) on Sales of Other Real Estate | 19,000 | 379,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Impaired Financing Receivable, Related Allowance | ||
Other Real Estate Owned, Number of Properties Sold | 1 | |
Gains (Losses) on Sales of Other Real Estate | $ 19,000 | |
Number of Loans Transferred to Other Real Estate Owned | 3 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | FedFirst Financial Corporation [Member] | ||
Other Real Estate Owned, Number of Properties Acquired | 1 | |
Real Estate Owned, Transfer to Real Estate Owned | $ 46,000 | |
Residential Portfolio Segment [Member] | Real Estate 1 [Member] | ||
Real Estate Owned, Transfer to Real Estate Owned | $ 155,000 | |
Gains (Losses) on Sales of Other Real Estate | 27,000 | |
Other Real Estate, Ending Balance | 155,000 | |
Residential Portfolio Segment [Member] | Real Estate 2 [Member] | ||
Real Estate Owned, Transfer to Real Estate Owned | 152,000 | |
Gains (Losses) on Sales of Other Real Estate | (9,000) | |
Other Real Estate, Ending Balance | 14,000 | |
Residential Portfolio Segment [Member] | Real Estate 3 [Member] | ||
Real Estate Owned, Transfer to Real Estate Owned | 14,000 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 718,000 | 1,480,000 |
Impaired Financing Receivable, Related Allowance | 219,000 | $ 351,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | First West Virginia Bancorp [Member] | ||
Other Real Estate, Additions | $ 697,000 |
Note 17 - Fair Value Disclosu_4
Note 17 - Fair Value Disclosure - Assets and Liabilities Reported Fair Value (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale | $ 225,409 | $ 123,583 |
Fair Value, Measurements, Recurring [Member] | ||
Debt Securities, Available-for-sale | 225,409 | 123,583 |
US Government Agencies Debt Securities [Member] | ||
Debt Securities, Available-for-sale | 80,579 | 65,888 |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt Securities, Available-for-sale | 44,601 | 38,988 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale | 97,771 | 16,978 |
Equity Securities - Mutual Funds [Member] | ||
Debt Securities, Available-for-sale | 968 | 503 |
Equity Securities [Member] | ||
Debt Securities, Available-for-sale | 1,490 | 1,226 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Debt Securities, Available-for-sale | 80,579 | 65,888 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Debt Securities, Available-for-sale | 44,601 | 38,988 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Debt Securities, Available-for-sale | 97,771 | 16,978 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities - Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Debt Securities, Available-for-sale | 968 | 503 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Debt Securities, Available-for-sale | $ 1,490 | $ 1,226 |
Note 17 - Fair Value Disclosu_5
Note 17 - Fair Value Disclosure - Significant Unobservable Inputs Used in the Fair Value Measurements (Details) - Fair Value, Inputs, Level 3 [Member] - Valuation, Market Approach [Member] $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Minimum [Member] | Measurement Input, Discount for Lack of Marketability [Member] | |||
Impaired Loans | [1] | 0.1 | |
OREO | [1] | 0.1 | |
Maximum [Member] | Measurement Input, Discount for Lack of Marketability [Member] | |||
Impaired Loans | [1] | 0.3 | |
OREO | [1] | 0.5 | |
Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired Loans | $ 788 | $ 2,866 | |
Other Real Estate, Ending Balance | $ 46 | $ 321 | |
[1] | Range includes discounts taken since appraisal and estimated values. |
Note 17 - Fair Value Disclosu_6
Note 17 - Fair Value Disclosure - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Securities available-for-sale, fair value | $ 225,409 | $ 123,583 |
Reported Value Measurement [Member] | ||
Securities available-for-sale, fair value | 225,409 | 123,583 |
Estimate of Fair Value Measurement [Member] | ||
Securities available-for-sale, fair value | 225,409 | 123,583 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Interest Bearing | 36,736 | 11,685 |
Non-Interest Bearing | 16,617 | 8,937 |
Accrued Interest Receivable | 3,436 | 2,707 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Interest Bearing | 36,736 | 11,685 |
Non-Interest Bearing | 16,617 | 8,937 |
Accrued Interest Receivable | 3,436 | 2,707 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Loans, Net | 903,314 | 735,596 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans, Net | 899,673 | 741,020 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Restricted Stock | 3,909 | 4,340 |
Bank-Owned Life Insurance | 22,922 | 19,151 |
Deposits | 1,086,658 | 773,344 |
Short-term Borrowings | 30,979 | 39,605 |
Other Borrowed Funds | 20,000 | 24,500 |
Accrued Interest Payable | 594 | 430 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Restricted Stock | 3,909 | 4,340 |
Bank-Owned Life Insurance | 22,922 | 19,151 |
Deposits | 1,085,708 | 772,080 |
Short-term Borrowings | 30,979 | 39,605 |
Other Borrowed Funds | 19,733 | 24,443 |
Accrued Interest Payable | $ 594 | $ 430 |
Note 18 - Other Noninterest E_3
Note 18 - Other Noninterest Expense - Components of Other Noninterest Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Non-employee compensation | $ 619 | $ 409 |
Printing and supplies | 578 | 385 |
Postage | 248 | 218 |
Telephone | 557 | 398 |
Charitable contributions | 147 | 140 |
Dues and subscriptions | 215 | 234 |
Loan expenses | 488 | 409 |
Meals and entertainment | 180 | 145 |
Travel | 239 | 162 |
Training | 69 | 29 |
Miscellaneous | 1,201 | 783 |
TOTAL OTHER NONINTEREST EXPENSE | $ 4,541 | $ 3,312 |
Note 19 - Condensed Financial_3
Note 19 - Condensed Financial Statements of Parent Company (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Gain (Loss) on Sale of Investments, Total | [1] | $ 199,000 | ||||||||||
Income Tax Expense (Benefit), Total | $ 561,000 | $ 576,000 | $ 234,000 | $ 167,000 | $ 538,000 | $ 910,000 | $ 696,000 | $ 730,000 | 1,538,000 | [2] | 2,874,000 | [2] |
Parent Company [Member] | ||||||||||||
Gain (Loss) on Sale of Investments, Total | 207,000 | |||||||||||
Income Tax Expense (Benefit), Total | $ (136,000) | 67,000 | ||||||||||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Parent Company [Member] | ||||||||||||
Gain (Loss) on Sale of Investments, Total | 207,000 | |||||||||||
Income Tax Expense (Benefit), Total | $ 70,000 | |||||||||||
[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. |
Note 19 - Condensed Financial_4
Note 19 - Condensed Financial Statements of Parent Company - Statement of Financial Condition (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Cash and Due From Banks | $ 16,617 | $ 8,937 | |
TOTAL ASSETS | 1,281,301 | 934,486 | |
Stockholders Equity | 137,625 | 93,256 | $ 89,469 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,281,301 | 934,486 | |
Parent Company [Member] | |||
Cash and Due From Banks | 1,026 | 692 | |
Investment Securities, Available-for-Sale | 1,488 | 1,226 | |
Investment in Community Bank | 134,220 | 90,260 | |
Other Assets | 892 | 1,276 | |
TOTAL ASSETS | 137,626 | 93,454 | |
Other Liabilities | 198 | ||
Stockholders Equity | 137,626 | 93,256 | |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 137,626 | $ 93,454 |
Note 19 - Condensed Financial_5
Note 19 - Condensed Financial Statements of Parent Company - Statement of Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Noninterest Income | $ 2,040 | $ 2,088 | $ 2,125 | $ 2,086 | $ 1,940 | $ 1,818 | $ 1,966 | $ 2,076 | $ 8,339 | $ 7,800 | ||
Noninterest Expense | (9,375) | (9,365) | (9,494) | (6,667) | (6,754) | (5,897) | (6,304) | (6,217) | (34,901) | (25,172) | ||
Income Taxes | 561 | 576 | 234 | 167 | 538 | 910 | 696 | 730 | 1,538 | [1] | 2,874 | [1] |
Net Income | $ 2,430 | $ 2,292 | $ 970 | $ 1,360 | $ 1,375 | $ 2,064 | $ 1,801 | $ 1,704 | 7,052 | 6,944 | ||
Parent Company [Member] | ||||||||||||
Interest and Dividend Income | 54 | 41 | ||||||||||
Dividend from Bank Subsidiary | 4,528 | 4,047 | ||||||||||
Noninterest Income | (50) | 207 | ||||||||||
Noninterest Expense | (880) | (356) | ||||||||||
Income Before Undistributed Net Income of Subsidiary and Income (Benefit) Taxes | 3,652 | 3,939 | ||||||||||
Undistributed Net Income of Subsidiary | 3,264 | 3,072 | ||||||||||
Income Before Income (Benefit) Taxes | 6,916 | 7,011 | ||||||||||
Income Taxes | (136) | 67 | ||||||||||
Net Income | $ 7,052 | $ 6,944 | ||||||||||
[1] | See Note 1 - Income Taxes for further details on the reduction of the effective tax rate. |
Note 19 - Condensed Financial_6
Note 19 - Condensed Financial Statements of Parent Company - Statement of Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Net Income | $ 2,430 | $ 2,292 | $ 970 | $ 1,360 | $ 1,375 | $ 2,064 | $ 1,801 | $ 1,704 | $ 7,052 | $ 6,944 |
Other Comprehensive (Loss) Income: | ||||||||||
Unrealized Losses on Available-for-Sale Securities Net of Income Benefit Tax of ($11) and ($16), for the Years Ended December 31, 2018 and 2017, Respectively | (59) | 189 | ||||||||
Reclassification Adjustment for Gains on Securities Included in Net Income, Net of Income Tax of $70 for the Year Ended December 31, 2017. (1) | (131) | |||||||||
Other Comprehensive Loss | (59) | 58 | ||||||||
Total Comprehensive Income | 6,993 | 7,002 | ||||||||
Parent Company [Member] | ||||||||||
Net Income | 7,052 | 6,944 | ||||||||
Other Comprehensive (Loss) Income: | ||||||||||
Unrealized Losses on Available-for-Sale Securities Net of Income Benefit Tax of ($11) and ($16), for the Years Ended December 31, 2018 and 2017, Respectively | (39) | (31) | ||||||||
Reclassification Adjustment for Gains on Securities Included in Net Income, Net of Income Tax of $70 for the Year Ended December 31, 2017. (1) | (137) | |||||||||
Other Comprehensive Loss | (39) | (168) | ||||||||
Total Comprehensive Income | $ 7,013 | $ 6,776 |
Note 19 - Condensed Financial_7
Note 19 - Condensed Financial Statements of Parent Company - Statement of Comprehensive Income (Details) (Parentheticals) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Unrealized (Losses) Gains on Available-for-Sale Securities, tax | $ (29,000) | $ 98,000 |
Parent Company [Member] | ||
Unrealized (Losses) Gains on Available-for-Sale Securities, tax | $ (11,000) | $ (16,000) |
Note 19 - Condensed Financial_8
Note 19 - Condensed Financial Statements of Parent Company - Statement of Cash Flows (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Net Income | $ 2,430,000 | $ 2,292,000 | $ 970,000 | $ 1,360,000 | $ 1,375,000 | $ 2,064,000 | $ 1,801,000 | $ 1,704,000 | $ 7,052,000 | $ 6,944,000 | |
Gain on Sales of Investment Securities | [1] | (199,000) | |||||||||
Noncash Expense for Stock-Based Compensation | 482,000 | 361,000 | |||||||||
Other, net | 1,732,000 | 1,289,000 | |||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 13,658,000 | 11,603,000 | |||||||||
Proceeds from Sales of Securities | 80,314,000 | 12,838,000 | |||||||||
Net Cash Received from Acquisition | 20,632,000 | ||||||||||
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 27,467,000 | (85,891,000) | |||||||||
Cash Dividends Paid | (4,529,000) | (3,597,000) | |||||||||
Exercise of Stock Options | 213,000 | 31,000 | |||||||||
NET CASH USED IN FINANCING ACTIVITIES | (8,394,000) | 80,628,000 | |||||||||
INCREASE IN CASH AND EQUIVALENTS | 32,731,000 | 6,340,000 | |||||||||
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | 20,622,000 | 14,282,000 | 20,622,000 | 14,282,000 | |||||||
CASH AND DUE FROM BANKS AT END OF YEAR | 53,353,000 | 20,622,000 | 53,353,000 | 20,622,000 | |||||||
Parent Company [Member] | |||||||||||
Net Income | 7,052,000 | 6,944,000 | |||||||||
Undistributed Net Income of Subsidiary | (3,264,000) | (3,072,000) | |||||||||
Gain on Sales of Investment Securities | (207,000) | ||||||||||
Noncash Expense for Stock-Based Compensation | 482,000 | 361,000 | |||||||||
Other, net | 247,000 | 96,000 | |||||||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | 4,517,000 | 4,122,000 | |||||||||
Purchases of Securities | (204,000) | (1,058,000) | |||||||||
Proceeds from Sales of Securities | 1,184,000 | ||||||||||
Net Cash Received from Acquisition | 802,000 | ||||||||||
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 598,000 | 126,000 | |||||||||
Cash Dividends Paid | (4,529,000) | (3,597,000) | |||||||||
Treasury Stock, Purchases at Cost | (317,000) | (10,000) | |||||||||
Stock Award Grant | (148,000) | (112,000) | |||||||||
Exercise of Stock Options | 213,000 | 31,000 | |||||||||
NET CASH USED IN FINANCING ACTIVITIES | (4,781,000) | (3,688,000) | |||||||||
INCREASE IN CASH AND EQUIVALENTS | 334,000 | 560,000 | |||||||||
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | $ 692,000 | $ 132,000 | 692,000 | 132,000 | |||||||
CASH AND DUE FROM BANKS AT END OF YEAR | $ 1,026,000 | $ 692,000 | $ 1,026,000 | $ 692,000 | |||||||
[1] | Not within the scope of ASC 606. |
Note 20 - Quarterly Financial_3
Note 20 - Quarterly Financial Information (Unaudited) - Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Interest Income | $ 12,465 | $ 11,764 | $ 10,690 | $ 8,707 | $ 8,481 | $ 8,213 | $ 7,949 | $ 7,791 | $ 43,626 | $ 32,434 | ||
Interest Expense | 1,739 | 1,594 | 1,517 | 1,099 | 904 | 860 | 814 | 796 | 5,949 | 3,374 | ||
Net Interest Income | 10,726 | 10,170 | 9,173 | 7,608 | 7,577 | 7,353 | 7,135 | 6,995 | 37,677 | 29,060 | ||
Provision For Loan Losses | 400 | 25 | 600 | 1,500 | 850 | 300 | 300 | 420 | 2,525 | 1,870 | ||
Net Interest Income after Provision for Loan Losses | 10,326 | 10,145 | 8,573 | 6,108 | 6,727 | 7,053 | 6,835 | 6,575 | 35,152 | 27,190 | ||
Noninterest Income | 2,040 | 2,088 | 2,125 | 2,086 | 1,940 | 1,818 | 1,966 | 2,076 | 8,339 | 7,800 | ||
Noninterest Expense | 9,375 | 9,365 | 9,494 | 6,667 | 6,754 | 5,897 | 6,304 | 6,217 | 34,901 | 25,172 | ||
Income before Income Taxes | 2,991 | 2,868 | 1,204 | 1,527 | 1,913 | 2,974 | 2,497 | 2,434 | 8,590 | 9,818 | ||
Income Taxes | 561 | 576 | 234 | 167 | 538 | 910 | 696 | 730 | 1,538 | [1] | 2,874 | [1] |
Net Income | $ 2,430 | $ 2,292 | $ 970 | $ 1,360 | $ 1,375 | $ 2,064 | $ 1,801 | $ 1,704 | $ 7,052 | $ 6,944 | ||
Basic (in dollars per share) | $ 0.48 | $ 0.42 | $ 0.19 | $ 0.33 | $ 0.34 | $ 0.50 | $ 0.44 | $ 0.42 | $ 1.42 | $ 1.70 | ||
Diluted (in dollars per share) | 0.46 | 0.42 | 0.19 | 0.33 | 0.33 | 0.50 | 0.44 | 0.42 | 1.40 | 1.69 | ||
Dividends Per Share (in dollars per share) | $ 0.23 | $ 0.22 | $ 0.22 | $ 0.22 | $ 0.22 | $ 0.22 | $ 0.22 | $ 0.22 | $ 0.23 | $ 0.22 | ||
[1] | See Note 1 - Income Taxes for further details on the reduction of the effective tax rate. |
Note 21 - Segment and Related_3
Note 21 - Segment and Related Information (Details Textual) | 12 Months Ended |
Dec. 31, 2018 | |
Number of Operating Segments | 2 |
Note 21 - Segment and Related_4
Note 21 - Segment and Related Information - Reconciliation of Financial Data from Segments to Consolidated (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Assets, Total | $ 1,281,301 | $ 934,486 | $ 1,281,301 | $ 934,486 | |||||||||
Liabilities | 1,143,676 | 841,230 | 1,143,676 | 841,230 | |||||||||
Stockholders' equity | 137,625 | 93,256 | 137,625 | 93,256 | $ 89,469 | ||||||||
Total interest income | 43,626 | 32,434 | |||||||||||
Total interest expense | 1,739 | $ 1,594 | $ 1,517 | $ 1,099 | 904 | $ 860 | $ 814 | $ 796 | 5,949 | 3,374 | |||
Net interest income | 10,726 | 10,170 | 9,173 | 7,608 | 7,577 | 7,353 | 7,135 | 6,995 | 37,677 | 29,060 | |||
Provision for Loan and Lease Losses, Total | 400 | 25 | 600 | 1,500 | 850 | 300 | 300 | 420 | 2,525 | 1,870 | |||
Net interest income after provision for loan losses | 10,326 | 10,145 | 8,573 | 6,108 | 6,727 | 7,053 | 6,835 | 6,575 | 35,152 | 27,190 | |||
TOTAL NONINTEREST INCOME | 2,040 | 2,088 | 2,125 | 2,086 | 1,940 | 1,818 | 1,966 | 2,076 | 8,339 | 7,800 | |||
Noninterest expense | 9,375 | 9,365 | 9,494 | 6,667 | 6,754 | 5,897 | 6,304 | 6,217 | 34,901 | 25,172 | |||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 2,991 | 2,868 | 1,204 | 1,527 | 1,913 | 2,974 | 2,497 | 2,434 | 8,590 | 9,818 | |||
Income Tax Expense (Benefit), Total | 561 | 576 | 234 | 167 | 538 | 910 | 696 | 730 | 1,538 | [1] | 2,874 | [1] | |
Net Income (Loss) Attributable to Parent, Total | 2,430 | $ 2,292 | $ 970 | $ 1,360 | 1,375 | $ 2,064 | $ 1,801 | $ 1,704 | 7,052 | 6,944 | |||
Reportable Legal Entities [Member] | Community Bank [ Member] | |||||||||||||
Assets, Total | 1,278,513 | 932,524 | 1,278,513 | 932,524 | |||||||||
Liabilities | 1,144,293 | 842,265 | 1,144,293 | 842,265 | |||||||||
Stockholders' equity | 134,220 | 90,259 | 134,220 | 90,259 | |||||||||
Total interest income | 43,574 | 32,393 | |||||||||||
Total interest expense | 5,949 | 3,374 | |||||||||||
Net interest income | 37,625 | 29,019 | |||||||||||
Provision for Loan and Lease Losses, Total | 2,525 | 1,870 | |||||||||||
Net interest income after provision for loan losses | 35,100 | 27,149 | |||||||||||
TOTAL NONINTEREST INCOME | 8,339 | 7,593 | |||||||||||
Noninterest expense | 33,984 | 24,816 | |||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 9,455 | 9,926 | |||||||||||
Income Tax Expense (Benefit), Total | 1,659 | 2,806 | |||||||||||
Net Income (Loss) Attributable to Parent, Total | 7,796 | 7,120 | |||||||||||
Reportable Legal Entities [Member] | Exchange Underwriters, Inc [Member] | |||||||||||||
Assets, Total | 5,155 | 2,117 | 5,155 | 2,117 | |||||||||
Liabilities | 2,445 | 997 | 2,445 | 997 | |||||||||
Stockholders' equity | 2,710 | 1,120 | 2,710 | 1,120 | |||||||||
Total interest income | |||||||||||||
Total interest expense | |||||||||||||
Net interest income | |||||||||||||
Provision for Loan and Lease Losses, Total | |||||||||||||
Net interest income after provision for loan losses | |||||||||||||
TOTAL NONINTEREST INCOME | 3,751 | 3,572 | |||||||||||
Noninterest expense | 3,183 | 2,520 | |||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 568 | 1,052 | |||||||||||
Income Tax Expense (Benefit), Total | 133 | 406 | |||||||||||
Net Income (Loss) Attributable to Parent, Total | 435 | 646 | |||||||||||
Reportable Legal Entities [Member] | CB Financial Services, Inc [Member] | |||||||||||||
Assets, Total | 137,908 | 93,454 | 137,908 | 93,454 | |||||||||
Liabilities | 282 | 198 | 282 | 198 | |||||||||
Stockholders' equity | 137,626 | 93,256 | 137,626 | 93,256 | |||||||||
Total interest income | 52 | 41 | |||||||||||
Total interest expense | |||||||||||||
Net interest income | 52 | 41 | |||||||||||
Provision for Loan and Lease Losses, Total | |||||||||||||
Net interest income after provision for loan losses | 52 | 41 | |||||||||||
TOTAL NONINTEREST INCOME | 207 | ||||||||||||
Noninterest expense | 917 | 356 | |||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | (865) | (108) | |||||||||||
Income Tax Expense (Benefit), Total | (121) | 68 | |||||||||||
Net Income (Loss) Attributable to Parent, Total | (744) | (176) | |||||||||||
Consolidation, Eliminations [Member] | |||||||||||||
Assets, Total | (140,275) | (93,609) | (140,275) | (93,609) | |||||||||
Liabilities | (3,344) | (2,230) | (3,344) | (2,230) | |||||||||
Stockholders' equity | $ (136,931) | $ (91,379) | (136,931) | (91,379) | |||||||||
Total interest income | |||||||||||||
Total interest expense | |||||||||||||
Net interest income | |||||||||||||
Provision for Loan and Lease Losses, Total | |||||||||||||
Net interest income after provision for loan losses | |||||||||||||
TOTAL NONINTEREST INCOME | (3,751) | (3,572) | |||||||||||
Noninterest expense | (3,183) | (2,520) | |||||||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | (568) | (1,052) | |||||||||||
Income Tax Expense (Benefit), Total | (133) | (406) | |||||||||||
Net Income (Loss) Attributable to Parent, Total | $ (435) | $ (646) | |||||||||||
[1] | See Note 1 - Income Taxes for further details on the reduction of the effective tax rate. |