Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Aug. 02, 2019 | |
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 Emerging Growth Company | true | |
Entity Ex Transition Period | true | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 5,433,489 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Consolidated Statement of Finan
Consolidated Statement of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
ASSETS | ||
Interest Bearing | $ 21,490 | $ 36,736 |
Non-Interest Bearing | 22,884 | 16,617 |
Total Cash and Due From Banks | 44,374 | 53,353 |
Available-for-Sale | 236,004 | 225,409 |
Loans, Net | 926,197 | 903,314 |
Premises and Equipment, Net | 22,858 | 23,448 |
Bank-Owned Life Insurance | 23,188 | 22,922 |
Goodwill | 28,425 | 28,425 |
Core Deposit Intangible, Net | 9,964 | 10,934 |
Accrued Interest and Other Assets | 14,178 | 13,496 |
TOTAL ASSETS | 1,305,188 | 1,281,301 |
LIABILITIES | ||
Demand Deposits | 273,175 | 253,201 |
NOW Accounts | 214,157 | 218,687 |
Money Market Accounts | 175,760 | 187,627 |
Savings Accounts | 218,369 | 209,985 |
Time Deposits | 221,524 | 214,891 |
Brokered Deposits | 4,118 | 2,267 |
Total Deposits | 1,107,103 | 1,086,658 |
Short-Term Borrowings | 27,730 | 30,979 |
Other Borrowed Funds | 17,000 | 20,000 |
Accrued Interest and Other Liabilities | 7,848 | 6,039 |
TOTAL LIABILITIES | 1,159,681 | 1,143,676 |
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 Shares Issued and 5,433,489 and 5,432,289 Shares Outstanding at June 30, 2019 and December 31, 2018, Respectively | 2,367 | 2,367 |
Capital Surplus | 83,380 | 83,225 |
Retained Earnings | 61,140 | 57,843 |
Treasury Stock, at Cost (247,504 and 248,704 Shares at June 30, 2019 and December 31, 2018, Respectively) | (4,350) | (4,370) |
Accumulated Other Comprehensive Income (Loss) | 2,970 | (1,440) |
TOTAL STOCKHOLDERS' EQUITY | 145,507 | 137,625 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 1,305,188 | $ 1,281,301 |
Consolidated Statement of Fin_2
Consolidated Statement of Financial Condition (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 |
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 | 5,680,993 |
Common stock, shares outstanding (in shares) | 5,433,489 | 5,432,289 |
Treasury stock, at cost (in shares) | 247,504 | 248,704 |
Consolidated Statement of Incom
Consolidated Statement of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
INTEREST AND DIVIDEND INCOME | ||||
Loans, Including Fees | $ 10,673 | $ 9,257 | $ 21,106 | $ 17,228 |
Federal Funds Sold | 165 | 54 | 279 | 60 |
Taxable | 1,390 | 988 | 2,654 | 1,422 |
Exempt From Federal Income Tax | 232 | 303 | 513 | 539 |
Other Interest and Dividend Income | 209 | 88 | 413 | 148 |
TOTAL INTEREST AND DIVIDEND INCOME | 12,669 | 10,690 | 24,965 | 19,397 |
INTEREST EXPENSE | ||||
Deposits | 1,824 | 1,186 | 3,543 | 1,974 |
Federal Funds Purchased | 1 | |||
Short-Term Borrowings | 50 | 208 | 96 | 405 |
Other Borrowed Funds | 90 | 123 | 187 | 236 |
TOTAL INTEREST EXPENSE | 1,964 | 1,517 | 3,826 | 2,616 |
NET INTEREST INCOME | 10,705 | 9,173 | 21,139 | 16,781 |
Provision For Loan Losses | 350 | 600 | 375 | 2,100 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 10,355 | 8,573 | 20,764 | 14,681 |
NONINTEREST INCOME | ||||
Noninterest income | 12,669 | 10,690 | 24,965 | 19,397 |
Net Gains on Sales of Loans | 50 | 46 | 142 | 54 |
Net Gain (Loss) on Sales of Investments | 7 | (53) | ||
Fair Value of Equity Securities | 109 | 44 | 129 | 19 |
Net Gains on Purchased Tax Credits | 9 | 11 | 18 | 22 |
Net Gain on Disposal of Fixed Assets | 8 | 2 | ||
Income from Bank-Owned Life Insurance | 134 | 127 | 266 | 235 |
Other | 70 | 35 | 136 | 64 |
Noninterest income | 2,399 | 2,125 | 4,714 | 4,211 |
NONINTEREST EXPENSE | ||||
Salaries and Employee Benefits | 4,708 | 4,865 | 9,643 | 8,560 |
Occupancy | 663 | 788 | 1,422 | 1,358 |
Equipment | 665 | 632 | 1,369 | 1,130 |
FDIC Assessment | 175 | 158 | 363 | 294 |
PA Shares Tax | 249 | 197 | 517 | 396 |
Contracted Services | 361 | 171 | 633 | 310 |
Legal and Professional Fees | 160 | 145 | 341 | 285 |
Advertising | 259 | 211 | 407 | 342 |
Bankcard Processing Expense | 230 | 139 | 427 | 268 |
Other Real Estate Owned (Income) | (31) | (19) | (94) | (12) |
Amortization of Core Deposit Intangible | 485 | 400 | 970 | 534 |
Merger-Related | 769 | 793 | ||
Other | 1,107 | 1,038 | 2,114 | 1,903 |
TOTAL NONINTEREST EXPENSE | 9,031 | 9,494 | 18,112 | 16,161 |
Income Before Income Taxes | 3,723 | 1,204 | 7,366 | 2,731 |
Income Taxes | 744 | 234 | 1,462 | 401 |
NET INCOME | $ 2,979 | $ 970 | $ 5,904 | $ 2,330 |
Earnings per share: | ||||
Basic (in dollars per share) | $ 0.55 | $ 0.19 | $ 1.09 | $ 0.51 |
Diluted (in dollars per share) | $ 0.55 | $ 0.19 | $ 1.08 | $ 0.51 |
WEIGHTED AVERAGE SHARES OUTSTANDING | ||||
Basic (in shares) | 5,433,537 | 5,000,209 | 5,433,198 | 4,550,580 |
Diluted (in shares) | 5,444,824 | 5,061,788 | 5,448,040 | 4,601,134 |
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 798 | $ 719 | $ 1,551 | $ 1,310 |
Insurance Commissions [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 1,083 | 880 | 2,234 | 1,811 |
Financial Service, Other [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 131 | $ 263 | $ 289 | $ 696 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Net Income | $ 2,979 | $ 970 | $ 5,904 | $ 2,330 | |
Other Comprehensive Income: | |||||
Unrealized Gains (Losses) on Available-for-Sale Securities Net of Income Tax Expense (Benefit) of $540 and ($31) for the Three Months Ended June 30, 2019 and 2018, Respectively, and $1,162 and ($409) for the Six Months Ended June 30, 2019 and 2018, Respectively | 2,031 | (70) | 4,368 | (1,491) | |
Reclassification Adjustment for (Gains) Losses on Securities: Included in Net Income, Net of Income Tax (Expense) Benefit of ($2) and $11 for the Three and Six Months Ended June 30, 2019, Respectively (1) | [1] | (5) | 42 | ||
Other Comprehensive Income (Loss), Net of Income Tax Expense (Benefit) | 2,026 | (70) | 4,410 | (1,491) | |
Total Comprehensive Income | $ 5,005 | $ 900 | $ 10,314 | $ 839 | |
[1] | The gross amount of gains (losses) on securities of $7 and ($53) for the Three and Six Months Ended June 30, 2019, respectively are reported as Net Gain (Loss) on Sales of Investments on the Consolidated Statement of Income. The income tax expense (benefit) effect is included in Income Taxes on the Consolidated Statement of Income. |
Consolidated Statement of Com_2
Consolidated Statement of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Unrealized (losses) gains on available-for-sale securities, tax | $ 540,000 | $ (31,000) | $ 1,162,000 | $ (409,000) |
Reclassification adjustment for gains on securities, tax | $ (2,000) | $ 11,000 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance (in shares) at Dec. 31, 2017 | 4,363,346 | ||||||
Balance at Dec. 31, 2017 | $ 1,818 | $ 42,089 | $ 55,280 | $ (4,590) | $ (1,341) | $ 93,256 | |
Net Income | 2,330 | 2,330 | |||||
Other Comprehensive Loss | (1,491) | (1,491) | |||||
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 | ||||
Stock-Based Compensation Expense | 239 | 239 | |||||
Exercise of Stock Options | 5 | 208 | 213 | ||||
Treasury Stock Purchased, at cost | (298) | (298) | |||||
Dividends Paid | (2,092) | (2,092) | |||||
Balance (in shares) at Jun. 30, 2018 | 5,680,993 | ||||||
Balance at Jun. 30, 2018 | $ 2,367 | 83,311 | 55,558 | (4,680) | (2,872) | 133,684 | |
Impact of change in method of accounting for marketable equity securities (1) | [1] | 40 | (40) | ||||
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 | |
Net Income | 5,904 | 5,904 | |||||
Other Comprehensive Loss | 4,410 | 4,410 | |||||
Stock-Based Compensation Expense | 153 | 153 | |||||
Exercise of Stock Options | 5 | 36 | 41 | ||||
Treasury Stock Purchased, at cost | (19) | (19) | |||||
Dividends Paid | (2,607) | (2,607) | |||||
Restricted Stock Awards Granted | (11) | 11 | |||||
Restricted Stock Awards Forfeited | (8) | ||||||
Restricted Stock Awards Forfeited, APIC | 8 | ||||||
Balance (in shares) at Jun. 30, 2019 | 5,680,993 | ||||||
Balance at Jun. 30, 2019 | $ 2,367 | $ 83,380 | $ 61,140 | $ (4,350) | $ 2,970 | $ 145,507 | |
[1] | Reclassification due to the adoption of ASU 2016-01. See Note 1 for additional information. |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Stock issuance cost | $ 515 | |
Purchase of treasury stock, shares (in shares) | 800 | 8,624 |
Dividends paid, per share (in dollars per share) | $ 0.48 | $ 0.44 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
OPERATING ACTIVITIES | ||
Net Income | $ 5,904 | $ 2,330 |
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: | ||
Net Amortization on Investments | 20 | 115 |
Depreciation and Amortization | 1,833 | 1,347 |
Provision for Loan Losses | 375 | 2,100 |
Unrealized (Gain) Loss on Equity Securities | (129) | (19) |
Gains on Purchased Tax Credits | (18) | (22) |
Income from Bank-Owned Life Insurance | (266) | (235) |
Proceeds From Mortgage Loans Sold | 5,724 | 2,539 |
Originations of Mortgage Loans for Sale | (5,582) | (2,485) |
Gains on Sales of Loans | (142) | (54) |
Losses on Sales of Investment Securities | 53 | |
Gains on Sales of Other Real Estate Owned and Repossessed Assets | (94) | (19) |
Noncash Expense for Stock-Based Compensation | 153 | 239 |
Increase in Accrued Interest Receivable | (343) | (832) |
Net Gain on Disposal of Fixed Assets | (2) | |
Increase (Decrease) in Taxes Payable | 536 | (1,914) |
Increase in Accrued Interest Payable | 293 | 106 |
Net Payment of Federal/State Income Taxes | (1,365) | (820) |
Other, Net | 851 | 1,427 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 7,801 | 3,803 |
INVESTING ACTIVITIES | ||
Proceeds From Principal Repayments and Maturities | 15,703 | 4,823 |
Purchases of Securities | (33,331) | (1,069) |
Proceeds from Sales of Securities | 12,672 | 80,314 |
Net Increase in Loans | (23,397) | (53,526) |
Purchase of Premises and Equipment | (54) | (3,742) |
Asset Acquisition of a Customer List | (900) | |
Proceeds From a Claim on Bank-Owned Life Insurance | 951 | |
Proceeds From Sales of Other Real Estate Owned and Repossessed Assets | 773 | 214 |
Decrease (Increase) in Restricted Equity Securities | 143 | (306) |
Net Cash Received from Acquisition | 20,632 | |
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | (28,391) | 48,291 |
FINANCING ACTIVITIES | ||
Net Increase (Decrease) in Deposits | 20,445 | (30,404) |
Net Decrease in Short-Term Borrowings | (3,249) | (12,457) |
Principal Payments on Other Borrowed Funds | (3,000) | (3,500) |
Cash Dividends Paid | (2,607) | (2,092) |
Treasury Stock, Purchases at Cost | (19) | (298) |
Exercise of Stock Options | 41 | 213 |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 11,611 | (48,538) |
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (8,979) | 3,556 |
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | 53,353 | 20,622 |
CASH AND DUE FROM BANKS AT END OF PERIOD | 44,374 | 24,178 |
Cash paid for: | ||
Interest on deposits and borrowings (including interest credited to deposit accounts of $3,543 and $1,974, respectively) | 3,532 | 2,511 |
Income taxes | 1,365 | 820 |
Real estate acquired in settlement of loans | 158 | |
Right of use asset recognized | 1,706 | |
Lease liability recognized | $ 1,712 |
Consolidated Statement of Cas_2
Consolidated Statement of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Interest credited to deposit accounts | $ 3,543 | $ 1,974 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 1. Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters” or “EU”). CB Financial and the Bank are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10 December 31, 2018. not The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC and incorporated into the consolidated financial statements the effect of all material known events determined by ASC Topic 855, Subsequent Events Nature of Operations The Company derives substantially all its income from banking and bank-related services which include interest earnings on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest earnings on investment securities and fees generated from deposit services to its customers. The Company provides banking services through its subsidiary, Community Bank, a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank operates from twenty seven one Acquired Loans Loans that were acquired in previous mergers, were recorded at fair value with no third For performing loans acquired in a merger, the excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. For purchased credit impaired (“PCI”) loans acquired in a merger, the difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be first Recognition of Prior Period Errors In April 2018, April 2017. first $300,000 March 31, 2018. no three June 30, 2018. $300,000 $63,000 $237,000 $0.05 six June 30, 2018. As a result of this error, the Company’s 2017 $237,000 March 31, 2018 six June 30, 2018 2017 2018 In March 2019, $21.7 December 31, 2018. $257,000 December 31, 2018. not December 31, 2018 Reclassifications Certain comparative amounts for the prior year have been reclassified to conform to the current year presentation. Such reclassifications did not Recent Accounting Standards In January 2018, 2018 01, Leases (Topic 842 842. 2018 01 2016 02, 2018 01 2016 02 not not 2016 02, 2016 02 twelve 2016 02 December 15, 2018, 2016 02 January 1, 2019, $1.9 In July 2017, 2017 11, Earnings Per Share (Topic 260 480 815 2017 11 2017 11 December 15, 2018, 2017 11 January 1, 2019 not In March 2017, 2017 08, Receivables- Nonrefundable Fees and Other Costs (Subtopic 310 20 2017 08 2017 08 December 15, 2018, 2017 08 January 1, 2019 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 September 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13 2016 13 2016 13 not 2016 13 not 2016 13 December 15, 2020, 2016 13, not July 2019, 2016 13 January 1, 2023. |
Note 2 - Merger
Note 2 - Merger | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 2. Effective 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 $769,000 $793,000, three six June 30, 2018, As of the date of merger, FWVB had approximately $334.0 $96.8 $282.9 8 76% 24% The FWVB merger was 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 in the FWVB merger 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 fair value of the assets acquired, and liabilities assumed in the FWVB merger were as follows (dollars in thousands): Measurement Consideration Paid: June 30, 2018 Period Adjustments 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 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 six June 30, 2019, $52,000 one April 30, 2018 three June 30, 2019, $48,000 |
Note 3 - Earnings Per Share
Note 3 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 3. There are no The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation. Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Weighted-Average Common Shares Outstanding 5,680,993 5,266,714 5,680,993 4,817,525 Average Treasury Stock Shares (247,456 ) (266,505 ) (247,795 ) (266,945 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 5,433,537 5,000,209 5,433,198 4,550,580 Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share 11,287 61,579 14,842 50,554 Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 5,444,824 5,061,788 5,448,040 4,601,134 Earnings per share: Basic $ 0.55 $ 0.19 $ 1.09 $ 0.51 Diluted 0.55 0.19 1.08 0.51 |
Note 4 - Revenue Recognition Fr
Note 4 - Revenue Recognition From Contracts With Customers | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 4. 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 ASC 606 All the Company’s revenue from contracts with customers within the scope of ASC 606 (Dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 NONINTEREST INCOME Service Fees on Deposit Accounts (a) $ 798 $ 719 $ 1,551 $ 1,310 Insurance Commissions 1,083 880 2,234 1,811 Other Commissions (c) 131 263 289 696 Net Gains on Sales of Loans (b) 50 46 142 54 Net Gain (Loss) on Sales of Investments (b) 7 - (53 ) - Fair Value of Equity Securities (b) 109 44 129 19 Net Gains on Purchased Tax Credits (b) 9 11 18 22 Net Gain on Disposal of Fixed Assets (b) 8 - 2 - Income from Bank-Owned Life Insurance (b) 134 127 266 235 Other (b) 70 35 136 64 Total non-interest income 2,399 2,125 4,714 4,211 NONINTEREST EXPENSE Other Real Estate Owned (Income) (31 ) (19 ) (94 ) (12 ) Total non-interest expense (31 ) (19 ) (94 ) (12 ) Net non-interest income $ 2,430 $ 2,144 $ 4,808 $ 4,223 (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 service fees, check sales and safe deposit box rentals totaling $124,000 $110,000 three June 30, 2019 2018, $254,000 $209,000 six June 30, 2019 2018, 606. $7,000 $36,000 three six June 30, 2019, $152,000 $487,000 three six June 30, 2018, three six June 30, 2018, six June 30, 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. Other Commissions third third Gains/Losses on Sales of Other Real Estate Owned (“OREO”) not |
Note 5 - Investment Securities
Note 5 - Investment Securities | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 5. The following table presents the amortized cost and fair value of investment securities available-for-sale at the dates indicated: (Dollars in thousands) June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government Agencies $ 83,545 $ 587 $ (162 ) $ 83,970 Obligations of States and Political Subdivisions 28,775 760 (6 ) 29,529 Mortgage-Backed Securities - Government-Sponsored Enterprises 117,309 2,611 (34 ) 119,886 Equity Securities - Mutual Funds 1,000 5 (10 ) 995 Equity Securities - Other 1,534 129 (39 ) 1,624 Total $ 232,163 $ 4,092 $ (251 ) $ 236,004 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value 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 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at the dates indicated: (Dollars in thousands) June 30, 2019 Less than 12 months 12 Months or Greater Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses U.S. Government Agencies 2 $ 5,965 $ (35 ) 14 $ 38,372 $ (127 ) 16 $ 44,337 $ (162 ) Obligations of States and Political Subdivisions - - - 3 1,861 (6 ) 3 1,861 (6 ) Mortgage-Backed Securities - Government Sponsored Enterprises - - - 6 11,131 (34 ) 6 11,131 (34 ) Equity Securities - Mutual Fund - - - 1 489 (10 ) 1 489 (10 ) Equity Securities - Other 7 590 (34 ) 1 56 (5 ) 8 646 (39 ) Total 9 $ 6,555 $ (69 ) 25 $ 51,909 $ (182 ) 34 $ 58,464 $ (251 ) December 31, 2018 Less than 12 months 12 Months or Greater Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses 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 ) For debt securities, the Company does not June 30, 2019 December 31, 2018, may June 30, 2019 December 31, 2018 not not not The following table presents the scheduled maturities of investment securities as of the date indicated: (Dollars in thousands) June 30, 2019 Available-for-Sale Amortized Fair Cost Value Due in One Year or Less $ 7,205 $ 7,217 Due after One Year through Five Years 67,921 68,038 Due after Five Years through Ten Years 40,535 41,481 Due after Ten Years 116,502 119,268 Total $ 232,163 $ 236,004 Equity Securities – Mutual Funds and Equity Securities – Other do not |
Note 6 - Loans and Related Allo
Note 6 - Loans and Related Allowance for Loan Loss | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 6. The Company’s loan portfolio is made up of four no (Dollars in thousands) June 30, 2019 December 31, 2018 Amount Percent Amount Percent Originated Loans Real Estate: Residential $ 246,963 32.7 % $ 235,492 32.6 % Commercial 247,671 32.7 229,455 31.8 Construction 56,054 7.4 46,824 6.5 Commercial and Industrial 79,040 10.4 78,466 10.9 Consumer 114,897 15.2 119,731 16.6 Other 12,242 1.6 11,623 1.6 Total Originated Loans 756,867 100.0 % 721,591 100.0 % Allowance for Loan Losses (9,091 ) (8,942 ) Loans, Net $ 747,776 $ 712,649 Loans Acquired at Fair Value Real Estate: Residential $ 83,902 46.9 % $ 91,277 47.8 % Commercial 69,511 38.8 77,609 40.5 Construction 4,361 2.4 2,000 1.0 Commercial and Industrial 14,810 8.3 12,997 6.8 Consumer 1,830 1.0 2,510 1.3 Other 4,607 2.6 4,888 2.6 Total Loans Acquired at Fair Value 179,021 100.0 % 191,281 100.0 % Allowance for Loan Losses (600 ) (616 ) Loans, Net $ 178,421 $ 190,665 Total Loans Real Estate: Residential $ 330,865 35.3 % $ 326,769 35.9 % Commercial 317,182 33.9 307,064 33.6 Construction 60,415 6.5 48,824 5.3 Commercial and Industrial 93,850 10 91,463 10.0 Consumer 116,727 12.5 122,241 13.4 Other 16,849 1.8 16,511 1.8 Total Loans 935,888 100.0 % 912,872 100.0 % Allowance for Loan Losses (9,691 ) (9,558 ) Loans, Net $ 926,197 $ 903,314 Total unamortized net deferred loan fees were $766,000 $926,000 June 30, 2019 December 31, 2018, Real estate loans serviced for others, which are not $101.4 $99.0 June 30, 2019 December 31, 2018, The following table presents loans summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. At June 30, 2019 December 31, 2018, no (Dollars in thousands) June 30, 2019 Special Pass Mention Substandard Doubtful Total Originated Loans Real Estate: Residential $ 245,071 $ 1,026 $ 866 $ - $ 246,963 Commercial 231,612 11,161 3,803 1,095 247,671 Construction 55,759 - 295 - 56,054 Commercial and Industrial 69,880 8,126 39 995 79,040 Consumer 114,792 - 105 - 114,897 Other 12,242 - - - 12,242 Total Originated Loans $ 729,356 $ 20,313 $ 5,108 $ 2,090 $ 756,867 Loans Acquired at Fair Value Real Estate: Residential $ 83,116 $ - $ 786 $ - $ 83,902 Commercial 60,354 7,004 2,153 - 69,511 Construction 4,361 - - - 4,361 Commercial and Industrial 14,794 - 16 - 14,810 Consumer 1,830 - - - 1,830 Other 4,509 98 - - 4,607 Total Loans Acquired at Fair Value $ 168,964 $ 7,102 $ 2,955 $ - $ 179,021 Total Loans Real Estate: Residential $ 328,187 $ 1,026 $ 1,652 $ - $ 330,865 Commercial 291,966 18,165 5,956 1,095 317,182 Construction 60,120 - 295 - 60,415 Commercial and Industrial 84,674 8,126 55 995 93,850 Consumer 116,622 - 105 - 116,727 Other 16,751 98 - - 16,849 Total Loans $ 898,320 $ 27,415 $ 8,063 $ 2,090 $ 935,888 The increase of $4.7 June 30, 2019 two $2.9 $1.7 $2.9 $1.7 third 2019. December 31, 2018 Special Pass Mention Substandard Doubtful Total Originated Loans Real Estate: Residential $ 233,872 $ 1,071 $ 549 $ - $ 235,492 Commercial 222,279 5,301 704 1,171 229,455 Construction 43,522 2,902 400 - 46,824 Commercial and Industrial 68,553 8,618 228 1,067 78,466 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 69,954 7,175 480 - 77,609 Construction 2,000 - - - 2,000 Commercial and Industrial 12,981 - 16 - 12,997 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 $ 323,362 $ 1,922 $ 1,485 $ - $ 326,769 Commercial 292,233 12,476 1,184 1,171 307,064 Construction 45,522 2,902 400 - 48,824 Commercial and Industrial 81,534 8,618 244 1,067 91,463 Consumer 122,158 - 83 - 122,241 Other 16,408 103 - - 16,511 Total Loans $ 881,217 $ 26,021 $ 3,396 $ 2,238 $ 912,872 The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated. (Dollars in thousands) June 30, 2019 30-59 60-89 90 Days Loans Days Days Or More Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans Originated Loans Real Estate: Residential $ 245,623 $ 229 $ 30 $ 20 $ 279 $ 1,061 $ 246,963 Commercial 244,490 32 - - 32 3,149 247,671 Construction 56,054 - - - - - 56,054 Commercial and Industrial 78,247 - - - - 793 79,040 Consumer 114,044 611 120 17 748 105 114,897 Other 12,242 - - - - - 12,242 Total Originated Loans $ 750,700 $ 872 $ 150 $ 37 $ 1,059 $ 5,108 $ 756,867 Loans Acquired at Fair Value Real Estate: Residential $ 82,696 $ 43 $ - $ - $ 43 $ 1,163 $ 83,902 Commercial 67,867 - - 1,644 1,644 - 69,511 Construction 4,361 - - - - - 4,361 Commercial and Industrial 14,725 69 - - 69 16 14,810 Consumer 1,830 - - - - - 1,830 Other 4,607 - - - - - 4,607 Total Loans Acquired at Fair Value $ 176,086 $ 112 $ - $ 1,644 $ 1,756 $ 1,179 $ 179,021 Total Loans Real Estate: Residential $ 328,319 $ 272 $ 30 $ 20 $ 322 $ 2,224 $ 330,865 Commercial 312,357 32 - 1,644 1,676 3,149 317,182 Construction 60,415 - - - - - 60,415 Commercial and Industrial 92,972 69 - - 69 809 93,850 Consumer 115,874 611 120 17 748 105 116,727 Other 16,849 - - - - - 16,849 Total Loans $ 926,786 $ 984 $ 150 $ 1,681 $ 2,815 $ 6,287 $ 935,888 December 31, 2018 30-59 60-89 90 Days Loans Days Days Or More Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans Originated Loans Real Estate: Residential $ 232,967 $ 1,374 $ 72 $ 324 $ 1,770 $ 755 $ 235,492 Commercial 229,189 84 182 - 266 - 229,455 Construction 46,824 - - - - - 46,824 Commercial and Industrial 77,222 216 - - 216 1,028 78,466 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 77,532 77 - - 77 - 77,609 Construction 2,000 - - - - - 2,000 Commercial and Industrial 12,929 52 - - 52 16 12,997 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 $ 322,372 $ 1,782 $ 137 $ 324 $ 2,243 $ 2,154 $ 326,769 Commercial 306,721 161 182 - 343 - 307,064 Construction 48,824 - - - - - 48,824 Commercial and Industrial 90,151 268 - - 268 1,044 91,463 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 The following table sets forth the amounts and categories of our nonperforming assets at the dates indicated. Included in nonperforming loans and assets are troubled debt restructurings (“TDRs”), which are loans whose contractual terms have been restructured in a manner which grants a concession to a borrower experiencing financial difficulties. Nonaccrual TDRs are included in their specific loan category in the nonaccrual loans section. (Dollars in Thousands) June 30, December 31, 2019 2018 Nonaccrual Loans: Originated Loans: Real Estate: Residential $ 1,061 $ 755 Commercial 3,149 - Commercial and Industrial 793 1,028 Consumer 105 83 Total Originated Nonaccrual Loans 5,108 1,866 Loans Acquired at Fair Value: Real Estate: Residential 1,163 1,399 Commercial and Industrial 16 16 Total Loans Acquired at Fair Value Nonaccrual Loans 1,179 1,415 Total Nonaccrual Loans 6,287 3,281 Accruing Loans Past Due 90 Days or More: Originated Loans: Real Estate: Residential 20 324 Consumer 17 3 Total Originated Accruing Loans 90 Days or More Past Due 37 327 Loans Acquired at Fair Value: Real Estate: Commercial 1,644 - Total Loans Acquired at Fair Value Accruing Loans 90 Days or More Past Due 1,644 - Total Accruing Loans 90 Days or More Past Due 1,681 327 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 7,968 3,608 Troubled Debt Restructurings, Accruing: Originated Loans: Real Estate - Residential 85 26 Real Estate - Commercial 1,072 980 Commercial and Industrial 113 154 Total Originated Loans 1,270 1,160 Loans Acquired at Fair Value: Real Estate - Residential 351 1,212 Real Estate - Commercial 313 333 Total Loans Acquired at Fair Value 664 1,545 Total Troubled Debt Restructurings, Accruing 1,934 2,705 Total Nonperforming Loans 9,902 6,313 Real Estate Owned: Residential 158 46 Commercial 174 871 Total Real Estate Owned 332 917 Total Nonperforming Assets $ 10,234 $ 7,230 Nonperforming Loans to Total Loans 1.06 % 0.69 % Nonperforming Assets to Total Assets 0.78 0.56 The recorded investment of residential real estate loans for which formal foreclosure proceedings were in process according to applicable requirements of the local jurisdiction was $962,000 $1.4 June 30, 2019 December 31, 2018, TDRs typically are the result of our loss mitigation activities whereby concessions are granted to minimize loss and avoid foreclosure or repossession of collateral. The concessions granted for the TDRs in the portfolio primarily consist of, but are not 13 $2.8 12 $3.6 June 30, 2019 December 31, 2018, eight $2.2 six $2.1 June 30, 2019 December 31, 2018, five $664,000 six $1.5 June 30, 2019 December 31, 2018, During the three June 30, 2019, one For three June 30, 2018, one one one three June 30, 2018. During the six June 30, 2019, one one For the six June 30, 2018, one one one No three six June 30, 2019 2018, The following table presents information at the time of modification related to loans modified in a TDR during the three June 30, 2019 2018, six June 30, 2019. no March 31, 2018. (Dollars in thousands) Three Months Ended June 30, 2019 Pre- Post- Modification Modification Number Outstanding Outstanding of Recorded Recorded Related Contracts Investment Investment Allowance Originated Loans Real Estate Commercial 1 $ 114 $ 114 $ - Total 1 $ 114 $ 114 $ - Three Months Ended June 30, 2018 Pre- Post- Modification Modification Number Outstanding Outstanding of Recorded Recorded Related Contracts Investment Investment Allowance Originated Loans Real Estate 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 $ - Six Months Ended June 30, 2019 Pre- Post- Modification Modification Number Outstanding Outstanding of Recorded Recorded Related Contracts Investment Investment Allowance Originated Loans Real Estate Residential 1 $ 61 $ 61 $ - Commercial 1 114 114 - Total 2 $ 175 $ 175 $ - The following table presents a summary of the loans considered to be impaired as of the dates indicated. (Dollars in thousands) June 30, 2019 Unpaid Average Interest Recorded Related Principal Recorded Income Investment Allowance Balance Investment Recognized With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 146 $ - $ 150 $ 153 $ 2 Commercial 1,825 - 1,835 1,890 44 Construction 296 - 296 362 11 Commercial and Industrial 152 - 154 173 4 Total With No Related Allowance Recorded $ 2,419 $ - $ 2,435 $ 2,578 $ 61 Loans Acquired at Fair Value Real Estate: Residential $ 351 $ - $ 351 $ 355 $ 8 Commercial 2,465 - 2,465 2,488 76 Total With No Related Allowance Recorded $ 2,816 $ - $ 2,816 $ 2,843 $ 84 Total Loans Real Estate: Residential $ 497 $ - $ 501 $ 508 $ 10 Commercial 4,290 - 4,300 4,378 120 Construction 296 - 296 362 11 Commercial and Industrial 152 - 154 173 4 Total With No Related Allowance Recorded $ 5,235 $ - $ 5,251 $ 5,421 $ 145 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 3,523 $ 656 $ 3,523 $ 3,528 $ 92 Commercial and Industrial 995 764 1,123 1,147 31 Total With A Related Allowance Recorded $ 4,518 $ 1,420 $ 4,646 $ 4,675 $ 123 Loans Acquired at Fair Value Real Estate: Commercial and Industrial $ 16 $ 7 $ 16 $ 16 $ - Total With A Related Allowance Recorded $ 16 $ 7 $ 16 $ 16 $ - Total Loans Real Estate: Commercial $ 3,523 $ 656 $ 3,523 $ 3,528 $ 92 Commercial and Industrial 1,011 771 1,139 1,163 31 Total With A Related Allowance Recorded $ 4,534 $ 1,427 $ 4,662 $ 4,691 $ 123 June 30, 2019 (cont.) Unpaid Average Interest Recorded Related Principal Recorded Income Investment Allowance Balance Investment Recognized Total Impaired Loans: Originated Loans Real Estate: Residential $ 146 $ - $ 150 $ 153 $ 2 Commercial 5,348 656 5,358 5,418 136 Construction 296 - 296 362 11 Commercial and Industrial 1,147 764 1,277 1,320 35 Total Impaired Loans $ 6,937 $ 1,420 $ 7,081 $ 7,253 $ 184 Loans Acquired at Fair Value Real Estate: Residential $ 351 $ - $ 351 $ 355 $ 8 Commercial 2,465 - 2,465 2,488 76 Commercial and Industrial 16 7 16 16 - Total Impaired Loans $ 2,832 $ 7 $ 2,832 $ 2,859 $ 84 Total Loans Real Estate: Residential $ 497 $ - $ 501 $ 508 $ 10 Commercial 7,813 656 7,823 7,906 212 Construction 296 - 296 362 11 Commercial and Industrial 1,163 771 1,293 1,336 35 Total Impaired Loans $ 9,769 $ 1,427 $ 9,913 $ 10,112 $ 268 The increase of $1.9 June 30, 2019 December 31, 2018 Unpaid Average Interest Recorded Related Principal Recorded Income Investment Allowance Balance Investment Recognized 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 December 31, 2018 (cont.) Unpaid Average Interest Recorded Related Principal Recorded Income Investment Allowance Balance Investment Recognized 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 The following table presents the activity in the allowance for loan losses summarized by major classifications and segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for potential impairment at the dates and for the periods indicated. (Dollars in thousands) June 30, 2019 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans March 31, 2019 $ 1,154 $ 2,127 $ 500 $ 2,468 $ 1,733 $ – $ 811 $ 8,793 Charge-offs (21 ) – – – (73 ) – – (94 ) Recoveries 5 7 – 1 29 – – 42 Provision (42 ) 866 (12 ) 136 (189 ) – (409 ) 350 June 30, 2019 $ 1,096 $ 3,000 $ 488 $ 2,605 $ 1,500 $ – $ 402 $ 9,091 Loans Acquired at Fair Value March 31, 2019 $ – $ 423 $ – $ 85 $ – $ – $ 111 $ 619 Charge-offs (22 ) – – – – – – (22 ) Recoveries – 1 – – 2 – – 3 Provision 22 22 – 28 (2 ) – (70 ) – June 30, 2019 $ – $ 446 $ – $ 113 $ – $ – $ 41 $ 600 Total Allowance for Loan Losses March 31, 2019 $ 1,154 $ 2,550 $ 500 $ 2,553 $ 1,733 $ – $ 922 $ 9,412 Charge-offs (43 ) – – – (73 ) – – (116 ) Recoveries 5 8 – 1 31 – – 45 Provision (20 ) 888 (12 ) 164 (191 ) – (479 ) 350 June 30, 2019 $ 1,096 $ 3,446 $ 488 $ 2,718 $ 1,500 $ – $ 443 $ 9,691 Originated Loans December 31, 2018 $ 1,050 $ 2,217 $ 395 $ 2,698 $ 2,027 $ – $ 555 $ 8,942 Charge-offs (21 ) – – – (285 ) – – (306 ) Recoveries 9 19 – 2 50 – – 80 Provision 58 764 93 (95 ) (292 ) – (153 ) 375 June 30, 2019 $ 1,096 $ 3,000 $ 488 $ 2,605 $ 1,500 $ – $ 402 $ 9,091 Loans Acquired at Fair Value December 31, 2018 $ – $ 476 $ – $ 109 $ – $ – $ 31 $ 616 Charge-offs (22 ) – – – (1 ) – – (23 ) Recoveries – 2 – – 5 – – 7 Provision 22 (32 ) – 4 (4 ) – 10 – June 30, 2019 $ – $ 446 $ – $ 113 $ – $ – $ 41 $ 600 Total Allowance for Loan Losses December 31, 2018 $ 1,050 $ 2,693 $ 395 $ 2,807 $ 2,027 $ – $ 586 $ 9,558 Charge-offs (43 ) – – – (286 ) – – (329 ) Recoveries 9 21 – 2 55 – – 87 Provision 80 732 93 (91 ) (296 ) – (143 ) 375 June 30, 2019 $ 1,096 $ 3,446 $ 488 $ 2,718 $ 1,500 $ – $ 443 $ 9,691 June 30, 2019 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ – $ 656 $ – $ 764 $ – $ – $ – $ 1,420 Collectively Evaluated for Potential Impairment $ 1,096 $ 2,344 $ 488 $ 1,841 $ 1,500 $ – $ 402 $ 7,671 Loans Acquired at Fair Value Individually Evaluated for Impairment $ – $ – $ – $ 7 $ – $ – $ – $ 7 Collectively Evaluated for Potential Impairment $ – $ 446 $ – $ 106 $ – $ – $ 41 $ 593 Total Allowance for Loan Losses Individually Evaluated for Impairment $ – $ 656 $ – $ 771 $ – $ – $ – $ 1,427 Collectively Evaluated for Potential Impairment $ 1,096 $ 2,790 $ 488 $ 1,947 $ 1,500 $ – $ 443 $ 8,264 December 31, 2018 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ – $ 211 $ – $ 787 $ – $ – $ – $ 998 Collectively Evaluated for Potential Impairment $ 1,050 $ 2,006 $ 395 $ 1,911 $ 2,027 $ – $ 555 $ 7,944 Loans Acquired at Fair Value Individually Evaluated for Impairment $ – $ 8 $ – $ 6 $ – $ – $ – $ 14 Collectively Evaluated for Potential Impairment $ – $ 468 $ – $ 103 $ – $ – $ 31 $ 602 Total Allowance for Loan Losses Individually Evaluated for Impairment $ – $ 219 $ – $ 793 $ – $ – $ – $ 1,012 Collectively Evaluated for Potential Impairment $ 1,050 $ 2,474 $ 395 $ 2,014 $ 2,027 $ – $ 586 $ 8,546 June 30, 2018 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans March 31, 2018 $ 875 $ 2,206 $ 156 $ 2,771 $ 2,156 $ – $ 36 $ 8,200 Charge-offs – – – – (157 ) – – (157 ) Recoveries 8 19 – 1 27 – – 55 Provision (20 ) 86 103 27 104 – 300 600 June 30, 2018 $ 863 $ 2,311 $ 259 $ 2,799 $ 2,130 $ – $ 336 $ 8,698 Loans Acquired at Fair Value March 31, 2018 $ – $ 487 $ – $ 167 $ – $ – $ 42 $ 696 Charge-offs (32 ) – – – – – – (32 ) Recoveries 7 1 – – 1 – – 9 Provision 25 5 – (48 ) (1 ) – 19 – June 30, 2018 $ – $ 493 $ – $ 119 $ – $ – $ 61 $ 673 Total Allowance for Loan Losses March 31, 2018 $ 875 $ 2,693 $ 156 $ 2,938 $ 2,156 $ – $ 78 $ 8,896 Charge-offs (32 ) – – – (157 ) – – (189 ) Recoveries 15 20 – 1 28 – – 64 Provision 5 91 103 (21 ) 103 – 319 600 June 30, 2018 $ 863 $ 2,804 $ 259 $ 2,918 $ 2,130 $ – $ 397 $ 9,371 Originated Loans December 31, 2017 $ 891 $ 1,799 $ 276 $ 2,461 $ 2,358 $ – $ 430 $ 8,215 Charge-offs (27 ) – – (1,398 ) (298 ) – – (1,723 ) Recoveries 12 19 – 3 72 – – 106 Provision (13 ) 493 (17 ) 1,733 (2 ) – (94 ) 2,100 June 30, 2018 $ 863 $ 2,311 $ 259 $ 2,799 $ 2,130 $ – $ 336 $ 8,698 Loans Acquired at Fair Value December 31, 2017 $ – $ 490 $ – $ 83 $ – $ – $ 8 $ 581 Charge-offs (32 ) – – – – – – (32 ) Recoveries 8 115 – – 1 – – 124 Provision 24 (112 ) – 36 (1 ) – 53 – June 30, 2018 $ – $ 493 $ – $ 119 $ – $ – $ 61 $ 673 Total Allowance for Loan Losses December 31, 2017 $ 891 $ 2,289 $ 276 $ 2,544 $ 2,358 $ – $ 438 $ 8,796 Charge-offs (59 ) – – (1,398 ) (298 ) – – (1,755 ) Recoveries 20 134 – 3 73 – – 230 Provision 11 381 (17 ) 1,769 (3 ) – (41 ) 2,100 June 30, 2018 $ 863 $ 2,804 $ 259 $ 2,918 $ 2,130 $ – $ 397 $ 9,371 June 30, 2018 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ – $ 351 $ – $ 1,264 $ – $ – $ – $ 1,615 Collectively Evaluated for Potential Impairment $ 863 $ 1,960 $ 259 $ 1,535 $ 2,130 $ – $ 336 $ 7,083 Loans Acquired at Fair Value Individually Evaluated for Impairment $ – $ – $ – $ 3 $ – $ – $ – $ 3 Collectively Evaluated for Potential Impairment $ – $ 493 $ – $ 116 $ – $ – $ 61 $ 670 Total Allowance for Loan Losses Individually Evaluated for Impairment $ – $ 351 $ – $ 1,267 $ – $ – $ – $ 1,618 Collectively Evaluated for Potential Impairment $ 863 $ 2,453 $ 259 $ 1,651 $ 2,130 $ – $ 397 $ 7,753 The following table presents changes in the accretable discount on the loans acquired at fair value for the dates indicated (dollars in thousands). Accretable Balance at December 31, 2018 $ 1,912 Accretable Yield (138 ) Balance at June 30, 2019 $ 1,774 The following table presents the major classifications of loans summarized by individually evaluated for impairment and collectively evaluated for potential impairment as of the dates indicated. (Dollars in thousands) June 30, 2019 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 146 $ 5,348 $ 296 $ 1,147 $ – $ – $ 6,937 Collectively Evaluated for Potential Impairment 246,817 242,323 55,758 77,893 114,897 12,242 749,930 $ 246,963 $ 247,671 $ 56,054 $ 79,040 $ 114,897 $ 12,242 $ 756,867 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 351 $ 2,465 $ – $ 16 $ – $ – $ 2,832 Collectively Evaluated for Potential Impairment 83,551 67,046 4,361 14,794 1,830 4,607 176,189 $ 83,902 $ 69,511 $ 4,361 $ 14,810 $ 1,830 $ 4,607 $ 179,021 Total Loans Individually Evaluated for Impairment $ 497 $ 7,813 $ 296 $ 1,163 $ – $ – $ 9,769 Collectively Evaluated for Potential Impairment 330,368 309,369 60,119 92,687 116,727 16,849 926,119 $ 330,865 $ 317,182 $ 60,415 $ 93,850 $ 116,727 $ 16,849 $ 935,888 December 31, 2018 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 71 $ 2,224 $ 400 $ 1,448 $ – $ – $ 4,143 Collectively Evaluated for Potential Impairment 235,421 227,231 46,424 77,018 119,731 11,623 717,448 $ 235,492 $ 229,455 $ 46,824 $ 78,466 $ 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 75,099 2,000 12,981 2,510 4,888 187,543 $ 91,277 $ 77,609 $ 2,000 $ 12,997 $ 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 325,486 302,330 48,424 89,999 122,241 16,511 904,991 $ 326,769 $ 307,064 $ 48,824 $ 91,463 $ 122,241 $ 16,511 $ 912,872 |
Note 7 - Leases
Note 7 - Leases | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | Note 7. The Company evaluates all contracts at commencement to determine if a lease is present. The Company adopted ASC 842 not not 842, The Company identified 12 842 January 1, 2019. The following tables present the ROU assets, lease expense, weighted average term, discount rate and maturity analysis of lease liabilities for operating leases for the periods indicated. Three Months Ended Six Months Ended (dollars in thousands, except weighted-averages) June 30, 2019 June 30, 2019 Operating Lease Expense $ 122 $ 230 Operating Leases ROU Assets $ 1,499 Operating Cash Flows 207 Weighted Average Lease Term Operating Leases 6.95 Weighted Average Discount Rate Operating Leases 2.86 % Six Months Ended (dollars in thousands) June 30, 2019 Maturity Analysis 2019 $ 456 2020 358 2021 251 2022 123 2023 57 2024 and thereafter 431 Total $ 1,676 Less: Present Value Discount 171 Lease Liabilities $ 1,505 |
Note 8 - Deposits
Note 8 - Deposits | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 8. The following table shows the maturities of time deposits for the next five June 30, Maturity Period: 2019 One Year or Less $ 89,955 Over One Through Two Years 55,169 Over Two Through Three Years 19,094 Over Three Through Four Years 43,161 Over Four Through Five Years 8,789 Over Five Years 5,356 Total $ 221,524 The balance in time deposits that meet or exceed the FDIC insurance limit of $250,000 $71.4 $68.0 June 30, 2019 December 31, 2018, |
Note 9 - Short-term Borrowings
Note 9 - Short-term Borrowings | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Short-term Debt [Text Block] | Note 9. The following table sets forth the components of short-term borrowings as of the dates indicated. (Dollars in thousands) June 30, 2019 December 31, 2018 Weighted Weighted Average Average Amount Rate Amount Rate Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ – – % $ 37 2.70 % Maximum Amount Outstanding at any Month End – 1,500 FHLB Borrowings: Balance at Period End – – – – Average Balance Outstanding During the Period – – 19,726 1.86 Maximum Amount Outstanding at any Month End – 98,960 Securities Sold Under Agreements to Repurchase: Balance at Period End 27,730 0.57 30,979 0.54 Average Balance Outstanding During the Period 31,377 0.61 29,300 0.53 Maximum Amount Outstanding at any Month End 34,197 35,661 Securities Collaterizing the Agreements at Period-End: Carrying Value 47,158 48,131 Market Value 47,417 47,083 |
Note 10 - Other Borrowed Funds
Note 10 - Other Borrowed Funds | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 10. Other borrowed funds consist of fixed rate advances from the Federal Home Loan Bank of Pittsburgh (“FHLB”). The following table sets forth the scheduled maturities of other borrowed funds at the dates indicated. (Dollars in thousands) June 30, 2019 December 31, 2018 Weighted Weighted Average Average Amount Rate Amount Rate Due in One Year $ 6,000 1.88 % $ 6,000 1.78 % Due After One Year to Two Years 5,000 2.09 6,000 1.97 Due After Two Years to Three Years 3,000 2.23 5,000 2.18 Due After Three Years to Four Years 3,000 2.41 3,000 2.41 Total $ 17,000 2.09 $ 20,000 2.03 As of June 30, 2019, $358.1 no $147.0 June 30, 2019 December 31, 2018, no June 30, 2019 December 31, 2018. The Company maintains a Borrower-In-Custody of Collateral line of credit agreement with the Federal Reserve Bank (“FRB”) for $101.6 no $60.0 June 30, 2019, December 31, 2018, June 30, 2019, December 31, 2018, no |
Note 11 - Commitments and Conti
Note 11 - Commitments and Contingent Liabilities | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 11. 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 Consolidated Statement of Financial Condition. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and performance letters of credit written is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Commitments and conditional obligations are evaluated the same as on-balance-sheet instruments but do not not no The following table presents the unused and available credit balances of financial instruments whose contracts represent credit risk at the dates indicated. (Dollars in thousands) June 30, December 31, 2019 2018 Standby Letters of Credit $ 35,620 $ 37,559 Performance Letters of Credit 3,213 3,544 Commitments to Extend Credit 2,855 2,783 Construction Mortgages 61,371 56,691 Personal Lines of Credit 6,615 6,186 Overdraft Protection Lines 6,316 6,140 Home Equity Lines of Credit 21,330 21,520 Commercial Lines of Credit 85,426 74,602 $ 222,746 $ 209,025 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 12 - Fair Value Disclosure
Note 12 - Fair Value Disclosure | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 12. FASB ASC 820 820 The three Level I – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets. These generally provide the most reliable evidence and are used to measure fair value whenever available. Level II – Fair value is based on significant inputs, other than Level I inputs, that are observable either directly or indirectly for substantially the full term of the asset through corroboration with observable market data. Level II inputs include quoted market prices in active markets for similar assets, quoted market prices in markets that are not Level III – Fair value would be based on significant unobservable inputs. Examples of valuation methodologies that would result in Level III classification include option pricing models, discounted cash flows, and other similar techniques. This hierarchy requires the use of observable market data when available. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statement of Financial Condition as of the dates indicated, by level within the fair value hierarchy. The majority of the Company’s securities are included in Level II of the fair value hierarchy. Fair values for Level II securities were primarily determined by a third two no no six June 30, 2019 December 31, 2018. (Dollars in thousands) Fair Value June 30, December 31, Hierarchy 2019 2018 Available for Sales Securities: U.S. Government Agencies Level II $ 83,970 $ 80,579 Obligations of States and Political Subdivisions Level II 29,529 44,601 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 119,886 97,771 Equity Securities - Mutual Funds Level I 995 968 Equity Securities - Other Level I 1,624 1,490 Total Available for Sale Securities $ 236,004 $ 225,409 The following table presents the financial assets measured at fair value on a nonrecurring basis on the Consolidated Statement of Financial Condition as of the dates indicated by level within the fair value hierarchy. The table also presents the significant unobservable inputs used in the fair value measurements. Impaired loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include quoted market prices for identical assets classified as Level I inputs or observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. (Dollars in thousands) Fair Value at Significant Fair Value June 30, December 31, Valuation Significant Unobservable Financial Asset Hierarchy 2019 2018 Techniques Unobservable Inputs Input Value Impaired Loans Level III $ 3,107 $ 788 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III 158 46 Market Comparable Properties Marketability Discount 10% to 50% (1) ( 1 Range includes discounts taken since appraisal and estimated values . Impaired loans are evaluated when a loan is identified as impaired and valued at the lower of cost or fair value at that time. Fair value is measured based on the value of the collateral securing these loans and is classified as Level III in the fair value hierarchy. At June 30, 2019 December 31, 2018, $4.5 $1.8 $1.4 $1.0 OREO properties are evaluated at the time of acquisition and recorded at fair value, less estimated selling costs. After acquisition, OREO is recorded at the lower of cost or fair value, less estimated selling costs. The fair value of an OREO property is determined from a qualified independent appraisal and is classified as Level III in the fair value hierarchy. During the three June 30, 2019, one $117,000 one $41,000 three June 30, 2018, one $7,000. During the six June 30, 2019, one $697,000 $33,000 one $46,000, $3,000 six June 30, 2018, one $12,000. Financial instruments are defined as cash, evidence of an ownership in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If no may not may As certain assets such as deferred tax assets and premises and equipment are not not The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated. (Dollars in thousands) June 30, 2019 December 31, 2018 Fair Value Carrying Fair Carrying Fair Hierarchy Value Value Value Value Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 21,490 $ 21,490 $ 36,736 $ 36,736 Non-Interest Bearing Level I 22,884 22,884 16,617 16,617 Investment Securities: Available for Sale See Above 236,004 236,004 225,409 225,409 Loans, Net Level III 926,197 939,083 903,314 899,673 Restricted Stock Level II 3,766 3,766 3,909 3,909 Bank-Owned Life Insurance Level II 23,188 23,188 22,922 22,922 Accrued Interest Receivable Level II 3,779 3,779 3,436 3,436 Financial Liabilities: Deposits Level II 1,107,103 1,110,223 1,086,658 1,085,708 Short-term Borrowings Level II 27,730 27,730 30,979 30,979 Other Borrowed Funds Level II 17,000 18,647 20,000 19,733 Accrued Interest Payable Level II 887 887 594 594 |
Note 13 - Income Taxes
Note 13 - Income Taxes | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 13. Due to the FWVB merger, deferred tax assets (“DTA”) were acquired and deferred tax liabilities (“DTL”) were assumed at April 30, 2018. third 21%. 6.5% (Dollars in thousands) June 30, 2019 December 31, 2018 Deferred Tax Assets: Allowance for Loan Losses $ 2,091 $ 2,063 Amortization of Core Deposit Intangible – 1 Amortization of Intangibles 77 72 Tax Credit Carryforwards 1,419 2,010 Unrealized Loss of AFS - Merger Tax Adjustment 894 894 Postretirement Benefits 28 30 Net Unrealized Loss on Securities – 383 Passthrough Entities 2 2 Stock-Based Compensation Expense 44 28 Accrued Payroll – 44 OREO 49 121 Purchase Accounting Adjustments - Acquired Loans 382 413 Deferred Compensation – 55 Other 76 67 Gross Deferred Tax Assets 5,062 6,183 100% Valuation Allowance - AMT Tax Credit Carryforward (1) (1,311 ) (1,311 ) Deferred Tax Assets net of Valuation Allowance 3,751 4,872 Deferred Tax Liabilities: Deferred Origination Fees and Costs 300 292 Depreciation 670 714 Net Unrealized Gain on Securities 786 – Mortgage Servicing Rights 211 198 Purchase Accounting Adjustment - Core Deposit Intangible 2,152 2,361 Purchase Accounting Adjustments - Fixed Assets 305 321 Purchase Accounting Adjustments - Certificates of Deposit 96 175 Goodwill 415 412 Gross Deferred Tax Liabilities 4,935 4,473 Net Deferred Tax (Liabilities) Assets $ (1,184 ) $ 399 ( 1 The 100% June 30, 2019. While the Tax Cuts and Jobs Act (“Tax Act”) was the first 30 no June 30, 2019. 2021 $1.3 April 30, 2018, 48 Accounting for Uncertain Tax Positions 740, $1.3 805 Business Combinations 2021 no No June 30, 2019 December 31, 2018. Deferred taxes at June 30, 2019 December 31, 2018, |
Note 14 - Other Noninterest Exp
Note 14 - Other Noninterest Expense | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Other Operating Income and Expense [Text Block] | Note 14. The details of other noninterest expense for the Company’s consolidated statement of income for the three six June 30, 2019 2018, (Dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Other Noninterest Expense Non-employee compensation $ 131 $ 146 $ 271 $ 268 Printing and supplies 96 159 193 267 Postage 61 50 133 108 Telephone 157 138 299 250 Charitable contributions 52 10 92 21 Dues and subscriptions 47 61 98 127 Loan expenses 128 113 210 206 Meals and entertainment 46 66 101 101 Travel 61 73 97 110 Training 13 24 22 37 Miscellaneous 315 198 598 408 Total Other Noninterest Expense $ 1,107 $ 1,038 $ 2,114 $ 1,903 |
Note 15 - Segment and Related I
Note 15 - Segment and Related Information | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 15. At June 30, 2019, two The following is a table of selected financial data for the Company’s subsidiaries and consolidated results at the dates and for the periods indicated. (Dollars in thousands) Community Bank Exchange CB Financial Net Consolidated June 30, 2019 Assets $ 1,303,476 $ 3,361 $ 145,110 $ (146,759 ) $ 1,305,188 Liabilities 1,161,656 837 (396 ) (2,416 ) 1,159,681 Stockholders' equity 141,820 2,524 145,506 (144,343 ) 145,507 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 Three Months Ended June 30,2019 Total interest income $ 12,655 $ – $ 14 $ 12,669 Total interest expense 1,964 – – 1,964 Net interest income 10,691 – 14 – 10,705 Provision for loan losses 350 – – – 350 Net interest income after provision for loan losses 10,341 – 14 – 10,355 Noninterest income 2,303 1,080 96 (1,080 ) 2,399 Noninterest expense 9,028 909 3 (909 ) 9,031 Income before income tax expense (benefit) 3,616 171 107 (171 ) 3,723 Income tax expense (benefit) 726 39 18 (39 ) 744 Net income of CB Financial Services Inc. $ 2,890 $ 132 $ 89 $ (132 ) $ 2,979 Six Months Ended June 30, 2019 Total interest income $ 24,937 $ – $ 28 $ 24,965 Total interest expense 3,826 – – 3,826 Net interest income 21,111 – 28 – 21,139 Provision for loan losses 375 – – – 375 Net interest income after provision for loan losses 20,736 – 28 – 20,764 Noninterest income 4,610 2,229 104 (2,229 ) 4,714 Noninterest expense 18,106 1,905 6 (1,905 ) 18,112 Income before income tax expense (benefit) 7,240 324 126 (324 ) 7,366 Income tax expense (benefit) 1,442 74 20 (74 ) 1,462 Net income of CB Financial Services Inc. $ 5,798 $ 250 $ 106 $ (250 ) $ 5,904 (Dollars in thousands) Community Bank Exchange CB Financial Net Consolidated Three Months Ended June 30,2018 Total interest income $ 10,677 $ 13 $ 10,690 Total interest expense 1,517 1,517 Net interest income 9,160 – 13 – 9,173 Provision for loan losses 600 600 Net interest income after provision for loan losses 8,560 – 13 – 8,573 Noninterest income 2,074 878 51 (878 ) 2,125 Noninterest expense 8,710 722 784 (722 ) 9,494 Income before income tax expense (benefit) 1,924 156 (720 ) (156 ) 1,204 Income tax expense (benefit) 363 36 (129 ) (36 ) 234 Net income of CB Financial Services Inc. $ 1,561 $ 120 $ (591 ) $ (120 ) $ 970 Six Months Ended June 30, 2018 Total interest income $ 19,373 $ – $ 24 $ – $ 19,397 Total interest expense 2,616 – – – 2,616 Net interest income 16,757 – 24 – 16,781 Provision for loan losses 2,100 – – 2,100 Net interest income after provision for loan losses 14,657 – 24 – 14,681 Noninterest income 4,177 1,806 34 (1,806 ) 4,211 Noninterest expense 15,351 1,404 810 (1,404 ) 16,161 Income before income tax expense (benefit) 3,483 402 (752 ) (402 ) 2,731 Income tax expense (benefit) 537 90 (136 ) (90 ) 401 Net income of CB Financial Services Inc. $ 2,946 $ 312 $ (616 ) $ (312 ) $ 2,330 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters” or “EU”). CB Financial and the Bank are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10 December 31, 2018. not The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC and incorporated into the consolidated financial statements the effect of all material known events determined by ASC Topic 855, Subsequent Events |
Nature of Operations [Policy Text Block] | Nature of Operations The Company derives substantially all its income from banking and bank-related services which include interest earnings on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest earnings on investment securities and fees generated from deposit services to its customers. The Company provides banking services through its subsidiary, Community Bank, a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank operates from twenty seven one |
Financing Receivable [Policy Text Block] | Acquired Loans Loans that were acquired in previous mergers, were recorded at fair value with no third For performing loans acquired in a merger, the excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. For purchased credit impaired (“PCI”) loans acquired in a merger, the difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be first |
Prior Period Error Recognition [Policy Text Block] | Recognition of Prior Period Errors In April 2018, April 2017. first $300,000 March 31, 2018. no three June 30, 2018. $300,000 $63,000 $237,000 $0.05 six June 30, 2018. As a result of this error, the Company’s 2017 $237,000 March 31, 2018 six June 30, 2018 2017 2018 In March 2019, $21.7 December 31, 2018. $257,000 December 31, 2018. not December 31, 2018 |
Reclassification, Policy [Policy Text Block] | Reclassifications Certain comparative amounts for the prior year have been reclassified to conform to the current year presentation. Such reclassifications did not |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Standards In January 2018, 2018 01, Leases (Topic 842 842. 2018 01 2016 02, 2018 01 2016 02 not not 2016 02, 2016 02 twelve 2016 02 December 15, 2018, 2016 02 January 1, 2019, $1.9 In July 2017, 2017 11, Earnings Per Share (Topic 260 480 815 2017 11 2017 11 December 15, 2018, 2017 11 January 1, 2019 not In March 2017, 2017 08, Receivables- Nonrefundable Fees and Other Costs (Subtopic 310 20 2017 08 2017 08 December 15, 2018, 2017 08 January 1, 2019 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 September 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 2016 13 2016 13 2016 13 not 2016 13 not 2016 13 December 15, 2020, 2016 13, not July 2019, 2016 13 January 1, 2023. |
Note 2 - Merger (Tables)
Note 2 - Merger (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Measurement Consideration Paid: June 30, 2018 Period Adjustments 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 |
Note 3 - Earnings Per Share (Ta
Note 3 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Weighted-Average Common Shares Outstanding 5,680,993 5,266,714 5,680,993 4,817,525 Average Treasury Stock Shares (247,456 ) (266,505 ) (247,795 ) (266,945 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 5,433,537 5,000,209 5,433,198 4,550,580 Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share 11,287 61,579 14,842 50,554 Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 5,444,824 5,061,788 5,448,040 4,601,134 Earnings per share: Basic $ 0.55 $ 0.19 $ 1.09 $ 0.51 Diluted 0.55 0.19 1.08 0.51 |
Note 4 - Revenue Recognition _2
Note 4 - Revenue Recognition From Contracts With Customers (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | (Dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 NONINTEREST INCOME Service Fees on Deposit Accounts (a) $ 798 $ 719 $ 1,551 $ 1,310 Insurance Commissions 1,083 880 2,234 1,811 Other Commissions (c) 131 263 289 696 Net Gains on Sales of Loans (b) 50 46 142 54 Net Gain (Loss) on Sales of Investments (b) 7 - (53 ) - Fair Value of Equity Securities (b) 109 44 129 19 Net Gains on Purchased Tax Credits (b) 9 11 18 22 Net Gain on Disposal of Fixed Assets (b) 8 - 2 - Income from Bank-Owned Life Insurance (b) 134 127 266 235 Other (b) 70 35 136 64 Total non-interest income 2,399 2,125 4,714 4,211 NONINTEREST EXPENSE Other Real Estate Owned (Income) (31 ) (19 ) (94 ) (12 ) Total non-interest expense (31 ) (19 ) (94 ) (12 ) Net non-interest income $ 2,430 $ 2,144 $ 4,808 $ 4,223 |
Note 5 - Investment Securities
Note 5 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | (Dollars in thousands) June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government Agencies $ 83,545 $ 587 $ (162 ) $ 83,970 Obligations of States and Political Subdivisions 28,775 760 (6 ) 29,529 Mortgage-Backed Securities - Government-Sponsored Enterprises 117,309 2,611 (34 ) 119,886 Equity Securities - Mutual Funds 1,000 5 (10 ) 995 Equity Securities - Other 1,534 129 (39 ) 1,624 Total $ 232,163 $ 4,092 $ (251 ) $ 236,004 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value 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 |
Schedule of Unrealized Loss on Investments [Table Text Block] | (Dollars in thousands) June 30, 2019 Less than 12 months 12 Months or Greater Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses U.S. Government Agencies 2 $ 5,965 $ (35 ) 14 $ 38,372 $ (127 ) 16 $ 44,337 $ (162 ) Obligations of States and Political Subdivisions - - - 3 1,861 (6 ) 3 1,861 (6 ) Mortgage-Backed Securities - Government Sponsored Enterprises - - - 6 11,131 (34 ) 6 11,131 (34 ) Equity Securities - Mutual Fund - - - 1 489 (10 ) 1 489 (10 ) Equity Securities - Other 7 590 (34 ) 1 56 (5 ) 8 646 (39 ) Total 9 $ 6,555 $ (69 ) 25 $ 51,909 $ (182 ) 34 $ 58,464 $ (251 ) December 31, 2018 Less than 12 months 12 Months or Greater Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized Securities Value Losses Securities Value Losses Securities Value Losses 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 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | (Dollars in thousands) June 30, 2019 Available-for-Sale Amortized Fair Cost Value Due in One Year or Less $ 7,205 $ 7,217 Due after One Year through Five Years 67,921 68,038 Due after Five Years through Ten Years 40,535 41,481 Due after Ten Years 116,502 119,268 Total $ 232,163 $ 236,004 |
Note 6 - Loans and Related Al_2
Note 6 - Loans and Related Allowance for Loan Loss (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (Dollars in thousands) June 30, 2019 December 31, 2018 Amount Percent Amount Percent Originated Loans Real Estate: Residential $ 246,963 32.7 % $ 235,492 32.6 % Commercial 247,671 32.7 229,455 31.8 Construction 56,054 7.4 46,824 6.5 Commercial and Industrial 79,040 10.4 78,466 10.9 Consumer 114,897 15.2 119,731 16.6 Other 12,242 1.6 11,623 1.6 Total Originated Loans 756,867 100.0 % 721,591 100.0 % Allowance for Loan Losses (9,091 ) (8,942 ) Loans, Net $ 747,776 $ 712,649 Loans Acquired at Fair Value Real Estate: Residential $ 83,902 46.9 % $ 91,277 47.8 % Commercial 69,511 38.8 77,609 40.5 Construction 4,361 2.4 2,000 1.0 Commercial and Industrial 14,810 8.3 12,997 6.8 Consumer 1,830 1.0 2,510 1.3 Other 4,607 2.6 4,888 2.6 Total Loans Acquired at Fair Value 179,021 100.0 % 191,281 100.0 % Allowance for Loan Losses (600 ) (616 ) Loans, Net $ 178,421 $ 190,665 Total Loans Real Estate: Residential $ 330,865 35.3 % $ 326,769 35.9 % Commercial 317,182 33.9 307,064 33.6 Construction 60,415 6.5 48,824 5.3 Commercial and Industrial 93,850 10 91,463 10.0 Consumer 116,727 12.5 122,241 13.4 Other 16,849 1.8 16,511 1.8 Total Loans 935,888 100.0 % 912,872 100.0 % Allowance for Loan Losses (9,691 ) (9,558 ) Loans, Net $ 926,197 $ 903,314 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (Dollars in thousands) June 30, 2019 Special Pass Mention Substandard Doubtful Total Originated Loans Real Estate: Residential $ 245,071 $ 1,026 $ 866 $ - $ 246,963 Commercial 231,612 11,161 3,803 1,095 247,671 Construction 55,759 - 295 - 56,054 Commercial and Industrial 69,880 8,126 39 995 79,040 Consumer 114,792 - 105 - 114,897 Other 12,242 - - - 12,242 Total Originated Loans $ 729,356 $ 20,313 $ 5,108 $ 2,090 $ 756,867 Loans Acquired at Fair Value Real Estate: Residential $ 83,116 $ - $ 786 $ - $ 83,902 Commercial 60,354 7,004 2,153 - 69,511 Construction 4,361 - - - 4,361 Commercial and Industrial 14,794 - 16 - 14,810 Consumer 1,830 - - - 1,830 Other 4,509 98 - - 4,607 Total Loans Acquired at Fair Value $ 168,964 $ 7,102 $ 2,955 $ - $ 179,021 Total Loans Real Estate: Residential $ 328,187 $ 1,026 $ 1,652 $ - $ 330,865 Commercial 291,966 18,165 5,956 1,095 317,182 Construction 60,120 - 295 - 60,415 Commercial and Industrial 84,674 8,126 55 995 93,850 Consumer 116,622 - 105 - 116,727 Other 16,751 98 - - 16,849 Total Loans $ 898,320 $ 27,415 $ 8,063 $ 2,090 $ 935,888 December 31, 2018 Special Pass Mention Substandard Doubtful Total Originated Loans Real Estate: Residential $ 233,872 $ 1,071 $ 549 $ - $ 235,492 Commercial 222,279 5,301 704 1,171 229,455 Construction 43,522 2,902 400 - 46,824 Commercial and Industrial 68,553 8,618 228 1,067 78,466 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 69,954 7,175 480 - 77,609 Construction 2,000 - - - 2,000 Commercial and Industrial 12,981 - 16 - 12,997 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 $ 323,362 $ 1,922 $ 1,485 $ - $ 326,769 Commercial 292,233 12,476 1,184 1,171 307,064 Construction 45,522 2,902 400 - 48,824 Commercial and Industrial 81,534 8,618 244 1,067 91,463 Consumer 122,158 - 83 - 122,241 Other 16,408 103 - - 16,511 Total Loans $ 881,217 $ 26,021 $ 3,396 $ 2,238 $ 912,872 |
Financing Receivable, Past Due [Table Text Block] | (Dollars in thousands) June 30, 2019 30-59 60-89 90 Days Loans Days Days Or More Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans Originated Loans Real Estate: Residential $ 245,623 $ 229 $ 30 $ 20 $ 279 $ 1,061 $ 246,963 Commercial 244,490 32 - - 32 3,149 247,671 Construction 56,054 - - - - - 56,054 Commercial and Industrial 78,247 - - - - 793 79,040 Consumer 114,044 611 120 17 748 105 114,897 Other 12,242 - - - - - 12,242 Total Originated Loans $ 750,700 $ 872 $ 150 $ 37 $ 1,059 $ 5,108 $ 756,867 Loans Acquired at Fair Value Real Estate: Residential $ 82,696 $ 43 $ - $ - $ 43 $ 1,163 $ 83,902 Commercial 67,867 - - 1,644 1,644 - 69,511 Construction 4,361 - - - - - 4,361 Commercial and Industrial 14,725 69 - - 69 16 14,810 Consumer 1,830 - - - - - 1,830 Other 4,607 - - - - - 4,607 Total Loans Acquired at Fair Value $ 176,086 $ 112 $ - $ 1,644 $ 1,756 $ 1,179 $ 179,021 Total Loans Real Estate: Residential $ 328,319 $ 272 $ 30 $ 20 $ 322 $ 2,224 $ 330,865 Commercial 312,357 32 - 1,644 1,676 3,149 317,182 Construction 60,415 - - - - - 60,415 Commercial and Industrial 92,972 69 - - 69 809 93,850 Consumer 115,874 611 120 17 748 105 116,727 Other 16,849 - - - - - 16,849 Total Loans $ 926,786 $ 984 $ 150 $ 1,681 $ 2,815 $ 6,287 $ 935,888 December 31, 2018 30-59 60-89 90 Days Loans Days Days Or More Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans Originated Loans Real Estate: Residential $ 232,967 $ 1,374 $ 72 $ 324 $ 1,770 $ 755 $ 235,492 Commercial 229,189 84 182 - 266 - 229,455 Construction 46,824 - - - - - 46,824 Commercial and Industrial 77,222 216 - - 216 1,028 78,466 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 77,532 77 - - 77 - 77,609 Construction 2,000 - - - - - 2,000 Commercial and Industrial 12,929 52 - - 52 16 12,997 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 $ 322,372 $ 1,782 $ 137 $ 324 $ 2,243 $ 2,154 $ 326,769 Commercial 306,721 161 182 - 343 - 307,064 Construction 48,824 - - - - - 48,824 Commercial and Industrial 90,151 268 - - 268 1,044 91,463 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 |
Financing Receivable, Nonaccrual [Table Text Block] | (Dollars in Thousands) June 30, December 31, 2019 2018 Nonaccrual Loans: Originated Loans: Real Estate: Residential $ 1,061 $ 755 Commercial 3,149 - Commercial and Industrial 793 1,028 Consumer 105 83 Total Originated Nonaccrual Loans 5,108 1,866 Loans Acquired at Fair Value: Real Estate: Residential 1,163 1,399 Commercial and Industrial 16 16 Total Loans Acquired at Fair Value Nonaccrual Loans 1,179 1,415 Total Nonaccrual Loans 6,287 3,281 Accruing Loans Past Due 90 Days or More: Originated Loans: Real Estate: Residential 20 324 Consumer 17 3 Total Originated Accruing Loans 90 Days or More Past Due 37 327 Loans Acquired at Fair Value: Real Estate: Commercial 1,644 - Total Loans Acquired at Fair Value Accruing Loans 90 Days or More Past Due 1,644 - Total Accruing Loans 90 Days or More Past Due 1,681 327 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 7,968 3,608 Troubled Debt Restructurings, Accruing: Originated Loans: Real Estate - Residential 85 26 Real Estate - Commercial 1,072 980 Commercial and Industrial 113 154 Total Originated Loans 1,270 1,160 Loans Acquired at Fair Value: Real Estate - Residential 351 1,212 Real Estate - Commercial 313 333 Total Loans Acquired at Fair Value 664 1,545 Total Troubled Debt Restructurings, Accruing 1,934 2,705 Total Nonperforming Loans 9,902 6,313 Real Estate Owned: Residential 158 46 Commercial 174 871 Total Real Estate Owned 332 917 Total Nonperforming Assets $ 10,234 $ 7,230 Nonperforming Loans to Total Loans 1.06 % 0.69 % Nonperforming Assets to Total Assets 0.78 0.56 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | (Dollars in thousands) Three Months Ended June 30, 2019 Pre- Post- Modification Modification Number Outstanding Outstanding of Recorded Recorded Related Contracts Investment Investment Allowance Originated Loans Real Estate Commercial 1 $ 114 $ 114 $ - Total 1 $ 114 $ 114 $ - Three Months Ended June 30, 2018 Pre- Post- Modification Modification Number Outstanding Outstanding of Recorded Recorded Related Contracts Investment Investment Allowance Originated Loans Real Estate 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 $ - Six Months Ended June 30, 2019 Pre- Post- Modification Modification Number Outstanding Outstanding of Recorded Recorded Related Contracts Investment Investment Allowance Originated Loans Real Estate Residential 1 $ 61 $ 61 $ - Commercial 1 114 114 - Total 2 $ 175 $ 175 $ - |
Impaired Financing Receivables [Table Text Block] | (Dollars in thousands) June 30, 2019 Unpaid Average Interest Recorded Related Principal Recorded Income Investment Allowance Balance Investment Recognized With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 146 $ - $ 150 $ 153 $ 2 Commercial 1,825 - 1,835 1,890 44 Construction 296 - 296 362 11 Commercial and Industrial 152 - 154 173 4 Total With No Related Allowance Recorded $ 2,419 $ - $ 2,435 $ 2,578 $ 61 Loans Acquired at Fair Value Real Estate: Residential $ 351 $ - $ 351 $ 355 $ 8 Commercial 2,465 - 2,465 2,488 76 Total With No Related Allowance Recorded $ 2,816 $ - $ 2,816 $ 2,843 $ 84 Total Loans Real Estate: Residential $ 497 $ - $ 501 $ 508 $ 10 Commercial 4,290 - 4,300 4,378 120 Construction 296 - 296 362 11 Commercial and Industrial 152 - 154 173 4 Total With No Related Allowance Recorded $ 5,235 $ - $ 5,251 $ 5,421 $ 145 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 3,523 $ 656 $ 3,523 $ 3,528 $ 92 Commercial and Industrial 995 764 1,123 1,147 31 Total With A Related Allowance Recorded $ 4,518 $ 1,420 $ 4,646 $ 4,675 $ 123 Loans Acquired at Fair Value Real Estate: Commercial and Industrial $ 16 $ 7 $ 16 $ 16 $ - Total With A Related Allowance Recorded $ 16 $ 7 $ 16 $ 16 $ - Total Loans Real Estate: Commercial $ 3,523 $ 656 $ 3,523 $ 3,528 $ 92 Commercial and Industrial 1,011 771 1,139 1,163 31 Total With A Related Allowance Recorded $ 4,534 $ 1,427 $ 4,662 $ 4,691 $ 123 June 30, 2019 (cont.) Unpaid Average Interest Recorded Related Principal Recorded Income Investment Allowance Balance Investment Recognized Total Impaired Loans: Originated Loans Real Estate: Residential $ 146 $ - $ 150 $ 153 $ 2 Commercial 5,348 656 5,358 5,418 136 Construction 296 - 296 362 11 Commercial and Industrial 1,147 764 1,277 1,320 35 Total Impaired Loans $ 6,937 $ 1,420 $ 7,081 $ 7,253 $ 184 Loans Acquired at Fair Value Real Estate: Residential $ 351 $ - $ 351 $ 355 $ 8 Commercial 2,465 - 2,465 2,488 76 Commercial and Industrial 16 7 16 16 - Total Impaired Loans $ 2,832 $ 7 $ 2,832 $ 2,859 $ 84 Total Loans Real Estate: Residential $ 497 $ - $ 501 $ 508 $ 10 Commercial 7,813 656 7,823 7,906 212 Construction 296 - 296 362 11 Commercial and Industrial 1,163 771 1,293 1,336 35 Total Impaired Loans $ 9,769 $ 1,427 $ 9,913 $ 10,112 $ 268 December 31, 2018 Unpaid Average Interest Recorded Related Principal Recorded Income Investment Allowance Balance Investment Recognized 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 December 31, 2018 (cont.) Unpaid Average Interest Recorded Related Principal Recorded Income Investment Allowance Balance Investment Recognized 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 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | (Dollars in thousands) June 30, 2019 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans March 31, 2019 $ 1,154 $ 2,127 $ 500 $ 2,468 $ 1,733 $ – $ 811 $ 8,793 Charge-offs (21 ) – – – (73 ) – – (94 ) Recoveries 5 7 – 1 29 – – 42 Provision (42 ) 866 (12 ) 136 (189 ) – (409 ) 350 June 30, 2019 $ 1,096 $ 3,000 $ 488 $ 2,605 $ 1,500 $ – $ 402 $ 9,091 Loans Acquired at Fair Value March 31, 2019 $ – $ 423 $ – $ 85 $ – $ – $ 111 $ 619 Charge-offs (22 ) – – – – – – (22 ) Recoveries – 1 – – 2 – – 3 Provision 22 22 – 28 (2 ) – (70 ) – June 30, 2019 $ – $ 446 $ – $ 113 $ – $ – $ 41 $ 600 Total Allowance for Loan Losses March 31, 2019 $ 1,154 $ 2,550 $ 500 $ 2,553 $ 1,733 $ – $ 922 $ 9,412 Charge-offs (43 ) – – – (73 ) – – (116 ) Recoveries 5 8 – 1 31 – – 45 Provision (20 ) 888 (12 ) 164 (191 ) – (479 ) 350 June 30, 2019 $ 1,096 $ 3,446 $ 488 $ 2,718 $ 1,500 $ – $ 443 $ 9,691 Originated Loans December 31, 2018 $ 1,050 $ 2,217 $ 395 $ 2,698 $ 2,027 $ – $ 555 $ 8,942 Charge-offs (21 ) – – – (285 ) – – (306 ) Recoveries 9 19 – 2 50 – – 80 Provision 58 764 93 (95 ) (292 ) – (153 ) 375 June 30, 2019 $ 1,096 $ 3,000 $ 488 $ 2,605 $ 1,500 $ – $ 402 $ 9,091 Loans Acquired at Fair Value December 31, 2018 $ – $ 476 $ – $ 109 $ – $ – $ 31 $ 616 Charge-offs (22 ) – – – (1 ) – – (23 ) Recoveries – 2 – – 5 – – 7 Provision 22 (32 ) – 4 (4 ) – 10 – June 30, 2019 $ – $ 446 $ – $ 113 $ – $ – $ 41 $ 600 Total Allowance for Loan Losses December 31, 2018 $ 1,050 $ 2,693 $ 395 $ 2,807 $ 2,027 $ – $ 586 $ 9,558 Charge-offs (43 ) – – – (286 ) – – (329 ) Recoveries 9 21 – 2 55 – – 87 Provision 80 732 93 (91 ) (296 ) – (143 ) 375 June 30, 2019 $ 1,096 $ 3,446 $ 488 $ 2,718 $ 1,500 $ – $ 443 $ 9,691 June 30, 2019 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ – $ 656 $ – $ 764 $ – $ – $ – $ 1,420 Collectively Evaluated for Potential Impairment $ 1,096 $ 2,344 $ 488 $ 1,841 $ 1,500 $ – $ 402 $ 7,671 Loans Acquired at Fair Value Individually Evaluated for Impairment $ – $ – $ – $ 7 $ – $ – $ – $ 7 Collectively Evaluated for Potential Impairment $ – $ 446 $ – $ 106 $ – $ – $ 41 $ 593 Total Allowance for Loan Losses Individually Evaluated for Impairment $ – $ 656 $ – $ 771 $ – $ – $ – $ 1,427 Collectively Evaluated for Potential Impairment $ 1,096 $ 2,790 $ 488 $ 1,947 $ 1,500 $ – $ 443 $ 8,264 December 31, 2018 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ – $ 211 $ – $ 787 $ – $ – $ – $ 998 Collectively Evaluated for Potential Impairment $ 1,050 $ 2,006 $ 395 $ 1,911 $ 2,027 $ – $ 555 $ 7,944 Loans Acquired at Fair Value Individually Evaluated for Impairment $ – $ 8 $ – $ 6 $ – $ – $ – $ 14 Collectively Evaluated for Potential Impairment $ – $ 468 $ – $ 103 $ – $ – $ 31 $ 602 Total Allowance for Loan Losses Individually Evaluated for Impairment $ – $ 219 $ – $ 793 $ – $ – $ – $ 1,012 Collectively Evaluated for Potential Impairment $ 1,050 $ 2,474 $ 395 $ 2,014 $ 2,027 $ – $ 586 $ 8,546 June 30, 2018 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans March 31, 2018 $ 875 $ 2,206 $ 156 $ 2,771 $ 2,156 $ – $ 36 $ 8,200 Charge-offs – – – – (157 ) – – (157 ) Recoveries 8 19 – 1 27 – – 55 Provision (20 ) 86 103 27 104 – 300 600 June 30, 2018 $ 863 $ 2,311 $ 259 $ 2,799 $ 2,130 $ – $ 336 $ 8,698 Loans Acquired at Fair Value March 31, 2018 $ – $ 487 $ – $ 167 $ – $ – $ 42 $ 696 Charge-offs (32 ) – – – – – – (32 ) Recoveries 7 1 – – 1 – – 9 Provision 25 5 – (48 ) (1 ) – 19 – June 30, 2018 $ – $ 493 $ – $ 119 $ – $ – $ 61 $ 673 Total Allowance for Loan Losses March 31, 2018 $ 875 $ 2,693 $ 156 $ 2,938 $ 2,156 $ – $ 78 $ 8,896 Charge-offs (32 ) – – – (157 ) – – (189 ) Recoveries 15 20 – 1 28 – – 64 Provision 5 91 103 (21 ) 103 – 319 600 June 30, 2018 $ 863 $ 2,804 $ 259 $ 2,918 $ 2,130 $ – $ 397 $ 9,371 Originated Loans December 31, 2017 $ 891 $ 1,799 $ 276 $ 2,461 $ 2,358 $ – $ 430 $ 8,215 Charge-offs (27 ) – – (1,398 ) (298 ) – – (1,723 ) Recoveries 12 19 – 3 72 – – 106 Provision (13 ) 493 (17 ) 1,733 (2 ) – (94 ) 2,100 June 30, 2018 $ 863 $ 2,311 $ 259 $ 2,799 $ 2,130 $ – $ 336 $ 8,698 Loans Acquired at Fair Value December 31, 2017 $ – $ 490 $ – $ 83 $ – $ – $ 8 $ 581 Charge-offs (32 ) – – – – – – (32 ) Recoveries 8 115 – – 1 – – 124 Provision 24 (112 ) – 36 (1 ) – 53 – June 30, 2018 $ – $ 493 $ – $ 119 $ – $ – $ 61 $ 673 Total Allowance for Loan Losses December 31, 2017 $ 891 $ 2,289 $ 276 $ 2,544 $ 2,358 $ – $ 438 $ 8,796 Charge-offs (59 ) – – (1,398 ) (298 ) – – (1,755 ) Recoveries 20 134 – 3 73 – – 230 Provision 11 381 (17 ) 1,769 (3 ) – (41 ) 2,100 June 30, 2018 $ 863 $ 2,804 $ 259 $ 2,918 $ 2,130 $ – $ 397 $ 9,371 June 30, 2018 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Unallocated Total Originated Loans Individually Evaluated for Impairment $ – $ 351 $ – $ 1,264 $ – $ – $ – $ 1,615 Collectively Evaluated for Potential Impairment $ 863 $ 1,960 $ 259 $ 1,535 $ 2,130 $ – $ 336 $ 7,083 Loans Acquired at Fair Value Individually Evaluated for Impairment $ – $ – $ – $ 3 $ – $ – $ – $ 3 Collectively Evaluated for Potential Impairment $ – $ 493 $ – $ 116 $ – $ – $ 61 $ 670 Total Allowance for Loan Losses Individually Evaluated for Impairment $ – $ 351 $ – $ 1,267 $ – $ – $ – $ 1,618 Collectively Evaluated for Potential Impairment $ 863 $ 2,453 $ 259 $ 1,651 $ 2,130 $ – $ 397 $ 7,753 |
Schedule of Accretable Discount on Loans Acquired at Fair Value [Table Text Block] | Accretable Balance at December 31, 2018 $ 1,912 Accretable Yield (138 ) Balance at June 30, 2019 $ 1,774 |
Financing Receivable, Loans Summarized By Individually and Collectively Evaluated for Impairment [Table Text Block] | (Dollars in thousands) June 30, 2019 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 146 $ 5,348 $ 296 $ 1,147 $ – $ – $ 6,937 Collectively Evaluated for Potential Impairment 246,817 242,323 55,758 77,893 114,897 12,242 749,930 $ 246,963 $ 247,671 $ 56,054 $ 79,040 $ 114,897 $ 12,242 $ 756,867 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 351 $ 2,465 $ – $ 16 $ – $ – $ 2,832 Collectively Evaluated for Potential Impairment 83,551 67,046 4,361 14,794 1,830 4,607 176,189 $ 83,902 $ 69,511 $ 4,361 $ 14,810 $ 1,830 $ 4,607 $ 179,021 Total Loans Individually Evaluated for Impairment $ 497 $ 7,813 $ 296 $ 1,163 $ – $ – $ 9,769 Collectively Evaluated for Potential Impairment 330,368 309,369 60,119 92,687 116,727 16,849 926,119 $ 330,865 $ 317,182 $ 60,415 $ 93,850 $ 116,727 $ 16,849 $ 935,888 December 31, 2018 Real Real Real Commercial Estate Estate Estate and Residential Commercial Construction Industrial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 71 $ 2,224 $ 400 $ 1,448 $ – $ – $ 4,143 Collectively Evaluated for Potential Impairment 235,421 227,231 46,424 77,018 119,731 11,623 717,448 $ 235,492 $ 229,455 $ 46,824 $ 78,466 $ 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 75,099 2,000 12,981 2,510 4,888 187,543 $ 91,277 $ 77,609 $ 2,000 $ 12,997 $ 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 325,486 302,330 48,424 89,999 122,241 16,511 904,991 $ 326,769 $ 307,064 $ 48,824 $ 91,463 $ 122,241 $ 16,511 $ 912,872 |
Note 7 - Leases (Tables)
Note 7 - Leases (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Operating Leases [Table Text Block] | Three Months Ended Six Months Ended (dollars in thousands, except weighted-averages) June 30, 2019 June 30, 2019 Operating Lease Expense $ 122 $ 230 Operating Leases ROU Assets $ 1,499 Operating Cash Flows 207 Weighted Average Lease Term Operating Leases 6.95 Weighted Average Discount Rate Operating Leases 2.86 % |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Six Months Ended (dollars in thousands) June 30, 2019 Maturity Analysis 2019 $ 456 2020 358 2021 251 2022 123 2023 57 2024 and thereafter 431 Total $ 1,676 Less: Present Value Discount 171 Lease Liabilities $ 1,505 |
Note 8 - Deposits (Tables)
Note 8 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Time Deposit Maturities [Table Text Block] | June 30, Maturity Period: 2019 One Year or Less $ 89,955 Over One Through Two Years 55,169 Over Two Through Three Years 19,094 Over Three Through Four Years 43,161 Over Four Through Five Years 8,789 Over Five Years 5,356 Total $ 221,524 |
Note 9 - Short-term Borrowings
Note 9 - Short-term Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | (Dollars in thousands) June 30, 2019 December 31, 2018 Weighted Weighted Average Average Amount Rate Amount Rate Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ – – % $ 37 2.70 % Maximum Amount Outstanding at any Month End – 1,500 FHLB Borrowings: Balance at Period End – – – – Average Balance Outstanding During the Period – – 19,726 1.86 Maximum Amount Outstanding at any Month End – 98,960 Securities Sold Under Agreements to Repurchase: Balance at Period End 27,730 0.57 30,979 0.54 Average Balance Outstanding During the Period 31,377 0.61 29,300 0.53 Maximum Amount Outstanding at any Month End 34,197 35,661 Securities Collaterizing the Agreements at Period-End: Carrying Value 47,158 48,131 Market Value 47,417 47,083 |
Note 10 - Other Borrowed Funds
Note 10 - Other Borrowed Funds (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | (Dollars in thousands) June 30, 2019 December 31, 2018 Weighted Weighted Average Average Amount Rate Amount Rate Due in One Year $ 6,000 1.88 % $ 6,000 1.78 % Due After One Year to Two Years 5,000 2.09 6,000 1.97 Due After Two Years to Three Years 3,000 2.23 5,000 2.18 Due After Three Years to Four Years 3,000 2.41 3,000 2.41 Total $ 17,000 2.09 $ 20,000 2.03 |
Note 11 - Commitments and Con_2
Note 11 - Commitments and Contingent Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | (Dollars in thousands) June 30, December 31, 2019 2018 Standby Letters of Credit $ 35,620 $ 37,559 Performance Letters of Credit 3,213 3,544 Commitments to Extend Credit 2,855 2,783 Construction Mortgages 61,371 56,691 Personal Lines of Credit 6,615 6,186 Overdraft Protection Lines 6,316 6,140 Home Equity Lines of Credit 21,330 21,520 Commercial Lines of Credit 85,426 74,602 $ 222,746 $ 209,025 |
Note 12 - Fair Value Disclosu_2
Note 12 - Fair Value Disclosure (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | (Dollars in thousands) Fair Value June 30, December 31, Hierarchy 2019 2018 Available for Sales Securities: U.S. Government Agencies Level II $ 83,970 $ 80,579 Obligations of States and Political Subdivisions Level II 29,529 44,601 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 119,886 97,771 Equity Securities - Mutual Funds Level I 995 968 Equity Securities - Other Level I 1,624 1,490 Total Available for Sale Securities $ 236,004 $ 225,409 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (Dollars in thousands) Fair Value at Significant Fair Value June 30, December 31, Valuation Significant Unobservable Financial Asset Hierarchy 2019 2018 Techniques Unobservable Inputs Input Value Impaired Loans Level III $ 3,107 $ 788 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III 158 46 Market Comparable Properties Marketability Discount 10% to 50% (1) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (Dollars in thousands) June 30, 2019 December 31, 2018 Fair Value Carrying Fair Carrying Fair Hierarchy Value Value Value Value Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 21,490 $ 21,490 $ 36,736 $ 36,736 Non-Interest Bearing Level I 22,884 22,884 16,617 16,617 Investment Securities: Available for Sale See Above 236,004 236,004 225,409 225,409 Loans, Net Level III 926,197 939,083 903,314 899,673 Restricted Stock Level II 3,766 3,766 3,909 3,909 Bank-Owned Life Insurance Level II 23,188 23,188 22,922 22,922 Accrued Interest Receivable Level II 3,779 3,779 3,436 3,436 Financial Liabilities: Deposits Level II 1,107,103 1,110,223 1,086,658 1,085,708 Short-term Borrowings Level II 27,730 27,730 30,979 30,979 Other Borrowed Funds Level II 17,000 18,647 20,000 19,733 Accrued Interest Payable Level II 887 887 594 594 |
Note 13 - Income Taxes (Tables)
Note 13 - Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (Dollars in thousands) June 30, 2019 December 31, 2018 Deferred Tax Assets: Allowance for Loan Losses $ 2,091 $ 2,063 Amortization of Core Deposit Intangible – 1 Amortization of Intangibles 77 72 Tax Credit Carryforwards 1,419 2,010 Unrealized Loss of AFS - Merger Tax Adjustment 894 894 Postretirement Benefits 28 30 Net Unrealized Loss on Securities – 383 Passthrough Entities 2 2 Stock-Based Compensation Expense 44 28 Accrued Payroll – 44 OREO 49 121 Purchase Accounting Adjustments - Acquired Loans 382 413 Deferred Compensation – 55 Other 76 67 Gross Deferred Tax Assets 5,062 6,183 100% Valuation Allowance - AMT Tax Credit Carryforward (1) (1,311 ) (1,311 ) Deferred Tax Assets net of Valuation Allowance 3,751 4,872 Deferred Tax Liabilities: Deferred Origination Fees and Costs 300 292 Depreciation 670 714 Net Unrealized Gain on Securities 786 – Mortgage Servicing Rights 211 198 Purchase Accounting Adjustment - Core Deposit Intangible 2,152 2,361 Purchase Accounting Adjustments - Fixed Assets 305 321 Purchase Accounting Adjustments - Certificates of Deposit 96 175 Goodwill 415 412 Gross Deferred Tax Liabilities 4,935 4,473 Net Deferred Tax (Liabilities) Assets $ (1,184 ) $ 399 |
Note 14 - Other Noninterest E_2
Note 14 - Other Noninterest Expense (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | (Dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Other Noninterest Expense Non-employee compensation $ 131 $ 146 $ 271 $ 268 Printing and supplies 96 159 193 267 Postage 61 50 133 108 Telephone 157 138 299 250 Charitable contributions 52 10 92 21 Dues and subscriptions 47 61 98 127 Loan expenses 128 113 210 206 Meals and entertainment 46 66 101 101 Travel 61 73 97 110 Training 13 24 22 37 Miscellaneous 315 198 598 408 Total Other Noninterest Expense $ 1,107 $ 1,038 $ 2,114 $ 1,903 |
Note 15 - Segment and Related_2
Note 15 - Segment and Related Information (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | (Dollars in thousands) Community Bank Exchange CB Financial Net Consolidated June 30, 2019 Assets $ 1,303,476 $ 3,361 $ 145,110 $ (146,759 ) $ 1,305,188 Liabilities 1,161,656 837 (396 ) (2,416 ) 1,159,681 Stockholders' equity 141,820 2,524 145,506 (144,343 ) 145,507 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 Three Months Ended June 30,2019 Total interest income $ 12,655 $ – $ 14 $ 12,669 Total interest expense 1,964 – – 1,964 Net interest income 10,691 – 14 – 10,705 Provision for loan losses 350 – – – 350 Net interest income after provision for loan losses 10,341 – 14 – 10,355 Noninterest income 2,303 1,080 96 (1,080 ) 2,399 Noninterest expense 9,028 909 3 (909 ) 9,031 Income before income tax expense (benefit) 3,616 171 107 (171 ) 3,723 Income tax expense (benefit) 726 39 18 (39 ) 744 Net income of CB Financial Services Inc. $ 2,890 $ 132 $ 89 $ (132 ) $ 2,979 Six Months Ended June 30, 2019 Total interest income $ 24,937 $ – $ 28 $ 24,965 Total interest expense 3,826 – – 3,826 Net interest income 21,111 – 28 – 21,139 Provision for loan losses 375 – – – 375 Net interest income after provision for loan losses 20,736 – 28 – 20,764 Noninterest income 4,610 2,229 104 (2,229 ) 4,714 Noninterest expense 18,106 1,905 6 (1,905 ) 18,112 Income before income tax expense (benefit) 7,240 324 126 (324 ) 7,366 Income tax expense (benefit) 1,442 74 20 (74 ) 1,462 Net income of CB Financial Services Inc. $ 5,798 $ 250 $ 106 $ (250 ) $ 5,904 (Dollars in thousands) Community Bank Exchange CB Financial Net Consolidated Three Months Ended June 30,2018 Total interest income $ 10,677 $ 13 $ 10,690 Total interest expense 1,517 1,517 Net interest income 9,160 – 13 – 9,173 Provision for loan losses 600 600 Net interest income after provision for loan losses 8,560 – 13 – 8,573 Noninterest income 2,074 878 51 (878 ) 2,125 Noninterest expense 8,710 722 784 (722 ) 9,494 Income before income tax expense (benefit) 1,924 156 (720 ) (156 ) 1,204 Income tax expense (benefit) 363 36 (129 ) (36 ) 234 Net income of CB Financial Services Inc. $ 1,561 $ 120 $ (591 ) $ (120 ) $ 970 Six Months Ended June 30, 2018 Total interest income $ 19,373 $ – $ 24 $ – $ 19,397 Total interest expense 2,616 – – – 2,616 Net interest income 16,757 – 24 – 16,781 Provision for loan losses 2,100 – – 2,100 Net interest income after provision for loan losses 14,657 – 24 – 14,681 Noninterest income 4,177 1,806 34 (1,806 ) 4,211 Noninterest expense 15,351 1,404 810 (1,404 ) 16,161 Income before income tax expense (benefit) 3,483 402 (752 ) (402 ) 2,731 Income tax expense (benefit) 537 90 (136 ) (90 ) 401 Net income of CB Financial Services Inc. $ 2,946 $ 312 $ (616 ) $ (312 ) $ 2,330 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Jan. 01, 2019 | Dec. 31, 2018 | |
Provision for Loan and Lease Losses, Total | $ 350,000 | $ 600,000 | $ 375,000 | $ 2,100,000 | |||
Net Income (Loss) Attributable to Parent, Total | 2,979,000 | 970,000 | 5,904,000 | 2,330,000 | |||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 3,723,000 | 1,204,000 | 7,366,000 | 2,731,000 | |||
Income Tax Expense (Benefit), Total | 744,000 | 234,000 | 1,462,000 | 401,000 | |||
Loans and Leases Receivable, Gross, Total | 935,888,000 | 935,888,000 | $ 912,872,000 | ||||
Loans and Leases Receivable, Allowance, Ending Balance | 9,691,000 | 9,691,000 | 9,558,000 | ||||
Operating Lease, Right-of-Use Asset | 1,499,000 | 1,499,000 | |||||
Operating Lease, Liability, Total | 1,505,000 | 1,505,000 | |||||
Accounting Standards Update 2016-02 [Member] | |||||||
Operating Lease, Right-of-Use Asset | $ 1,900,000 | ||||||
Operating Lease, Liability, Total | $ 1,900,000 | ||||||
Unallocated Financing Receivables [Member] | |||||||
Loans and Leases Receivable, Gross, Total | $ 16,849,000 | $ 16,849,000 | 16,511,000 | ||||
Correction of Error with Collateral Position on Commercial and Industrial Classified Loan Relationship [Member] | |||||||
Provision for Loan and Lease Losses, Total | $ 300,000 | ||||||
Net Income (Loss) Attributable to Parent, Total | $ 0 | (237,000) | |||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | (300,000) | ||||||
Income Tax Expense (Benefit), Total | $ (63,000) | ||||||
Earnings Per Share, Basic and Diluted, Total | $ (0.05) | ||||||
Overstatement of Quarterly Results [Member] | |||||||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | $ 237,000 | ||||||
Error in Loan Classifications within Commercial and Industrial Segment [Member] | Commercial and Industrial Segment [Member] | |||||||
Loans and Leases Receivable, Gross, Total | (21,700,000) | ||||||
Error in Loan Classifications within Commercial and Industrial Segment [Member] | Unallocated Financing Receivables [Member] | |||||||
Loans and Leases Receivable, Allowance, Ending Balance | $ 257,000 |
Note 2 - Merger (Details Textua
Note 2 - Merger (Details Textual) - USD ($) | Jun. 30, 2018 | Apr. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Share Price | $ 31.9068 | ||||||
Assets, Total | $ 1,305,188,000 | $ 1,305,188,000 | $ 1,281,301,000 | ||||
Loans and Leases Receivable, Net Amount, Total | 926,197,000 | 926,197,000 | 903,314,000 | ||||
Deposits, Total | 1,107,103,000 | 1,107,103,000 | 1,086,658,000 | ||||
Goodwill, Ending Balance | 28,425,000 | 28,425,000 | 28,425,000 | ||||
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 | $ 769,000 | $ 793,000 | ||||
Business Combination, Percentage of Ownership Held by Acquirer After Transaction Closed | 76.00% | ||||||
Business Combination, Percentage of Ownership Held by Acquiree After Transaction Closed | 24.00% | ||||||
Goodwill, Ending Balance | 11,886,000 | $ 23,500,000 | 11,886,000 | 23,472,000 | 11,886,000 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 12,789,000 | $ 12,789,000 | $ 9,127,000 | $ 12,789,000 | |||
Business Combination, Severance Cost That Would Be Incurred if Retained Employees Had Employment Terminated Within One Year | 100,000 | ||||||
Severance Costs | $ 48,000 | $ 52,000 | |||||
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 | Jun. 30, 2019 |
Goodwill, Ending Balance | $ 28,425,000 | $ 28,425,000 | ||
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 | |
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) | |||
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 3 - Earnings Per Share (De
Note 3 - Earnings Per Share (Details Textual) shares in Thousands | 6 Months Ended |
Jun. 30, 2019shares | |
Incremental Common Shares Attributable to Conversion of Debt Securities, Total | 0 |
Note 3 - Earnings Per Share - B
Note 3 - Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Weighted-Average Common Shares Outstanding (in shares) | 5,680,993 | 5,266,714 | 5,680,993 | 4,817,525 |
Average Treasury Stock Shares (in shares) | (247,456) | (266,505) | (247,795) | (266,945) |
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share (in shares) | 5,433,537 | 5,000,209 | 5,433,198 | 4,550,580 |
Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share (in shares) | 11,287 | 61,579 | 14,842 | 50,554 |
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share (in shares) | 5,444,824 | 5,061,788 | 5,448,040 | 4,601,134 |
Earnings per share: | ||||
Basic (in dollars per share) | $ 0.55 | $ 0.19 | $ 1.09 | $ 0.51 |
Diluted (in dollars per share) | $ 0.55 | $ 0.19 | $ 1.08 | $ 0.51 |
Note 4 - Revenue Recognition _3
Note 4 - Revenue Recognition From Contracts With Customers (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Noninterest Income from Bank-owned Life Insurance Policy Claim | $ 7,000 | $ 36,000 | $ 152,000 | $ 487,000 |
Wealth Management Referral Fees, Check Sales, and Safety Deposit Box Rentals [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 124,000 | $ 110,000 | $ 254,000 | $ 209,000 |
Note 4 - Revenue Recognition _4
Note 4 - Revenue Recognition From Contracts With Customers - Impact of the Accounting Standard On Revenue Streams (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Noninterest income | $ 12,669 | $ 10,690 | $ 24,965 | $ 19,397 | |
Net Gains on Sales of Loans (b) | 50 | 46 | 142 | 54 | |
Net Gain (Loss) on Sales of Investments (b) | 7 | (53) | |||
Fair Value of Equity Securities (b) | 109 | 44 | 129 | 19 | |
Net Gains on Purchased Tax Credits (b) | 9 | 11 | 18 | 22 | |
Net Gain on Disposal of Fixed Assets (b) | 8 | 2 | |||
Income from Bank-Owned Life Insurance (b) | 134 | 127 | 266 | 235 | |
Other (b) | 70 | 35 | 136 | 64 | |
Total non-interest income | 2,399 | 2,125 | 4,714 | 4,211 | |
Total non-interest expense | 9,031 | 9,494 | 18,112 | 16,161 | |
Accounting Standards Update 2014-09 [Member] | |||||
Net Gains on Sales of Loans (b) | [1] | 50 | |||
Net Gain (Loss) on Sales of Investments (b) | [1] | 7 | |||
Fair Value of Equity Securities (b) | [1] | 109 | |||
Net Gains on Purchased Tax Credits (b) | [1] | 9 | |||
Net Gain on Disposal of Fixed Assets (b) | [1] | 8 | |||
Income from Bank-Owned Life Insurance (b) | [1] | 134 | |||
Other (b) | [1] | 70 | |||
Total non-interest income | 2,399 | ||||
Other Real Estate Owned (Income) | (31) | ||||
Total non-interest expense | (31) | ||||
Net non-interest income | 2,430 | ||||
Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||
Net Gains on Sales of Loans (b) | [1] | 46 | 142 | 54 | |
Net Gain (Loss) on Sales of Investments (b) | [1] | (53) | |||
Fair Value of Equity Securities (b) | [1] | 44 | 129 | 19 | |
Net Gains on Purchased Tax Credits (b) | [1] | 11 | 18 | 22 | |
Net Gain on Disposal of Fixed Assets (b) | [1] | 2 | |||
Income from Bank-Owned Life Insurance (b) | [1] | 127 | 266 | 235 | |
Other (b) | [1] | 35 | 136 | 64 | |
Total non-interest income | 2,125 | 4,714 | 4,211 | ||
Other Real Estate Owned (Income) | (19) | (94) | (12) | ||
Total non-interest expense | (19) | (94) | (12) | ||
Net non-interest income | 2,144 | 4,808 | 4,223 | ||
Deposit Account [Member] | |||||
Noninterest income | 798 | 719 | 1,551 | 1,310 | |
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | |||||
Noninterest income | [2] | 798 | |||
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||
Noninterest income | [2] | 719 | 1,551 | 1,310 | |
Insurance Commissions [Member] | |||||
Noninterest income | 1,083 | 880 | 2,234 | 1,811 | |
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | |||||
Noninterest income | 1,083 | ||||
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||
Noninterest income | 880 | 2,234 | 1,811 | ||
Financial Service, Other [Member] | |||||
Noninterest income | 131 | 263 | 289 | 696 | |
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | |||||
Noninterest income | [3] | $ 131 | |||
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||
Noninterest income | [3] | $ 263 | $ 289 | $ 696 | |
[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 service fees, check sales and safe deposit box rentals totaling $124,000 and $110,000 for the three months ended June 30, 2019 and 2018, and $254,000 and $209,000 for the six months ended June 30, 2019 and 2018, respectively, which are in the scope of ASC 606. The remaining balances of $7,000 and $36,000 for the three and six months ended June 30, 2019, respectively, represent income from other various commissions. The remaining balances of $152,000 and $487,000 for the three and six months ended June 30, 2018, respectively, mainly represents income derived from an assumable rate conversion ("ARC") loan referral fee for the three and six months ended June 30, 2018, and a bank-owned life insurance policy claim for the six months ended June 30, 2018, which are all outside the scope of ASC 606. The following narrative describes the Company's revenue streams accounted for under the guidance of ASC 606 as follows: |
Note 5 - Investment Securitie_2
Note 5 - Investment Securities (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance | $ 0 | $ 0 |
Note 5 - Investment Securitie_3
Note 5 - Investment Securities - Amortized Cost and Fair Value of Investment Securities Available-for-sale (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Securities available-for-sale, amortized cost | $ 232,163 | $ 227,280 |
Securities available-for-sale, gross unrealized gains | 4,092 | 1,064 |
Securities available-for-sale, gross unrealized losses | (251) | (2,935) |
Securities available-for-sale, fair value | 236,004 | 225,409 |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 83,545 | 82,506 |
Securities available-for-sale, gross unrealized gains | 587 | 160 |
Securities available-for-sale, gross unrealized losses | (162) | (2,087) |
Securities available-for-sale, fair value | 83,970 | 80,579 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 28,775 | 44,737 |
Securities available-for-sale, gross unrealized gains | 760 | 230 |
Securities available-for-sale, gross unrealized losses | (6) | (366) |
Securities available-for-sale, fair value | 29,529 | 44,601 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available-for-sale, amortized cost | 117,309 | 97,535 |
Securities available-for-sale, gross unrealized gains | 2,611 | 582 |
Securities available-for-sale, gross unrealized losses | (34) | (346) |
Securities available-for-sale, fair value | 119,886 | 97,771 |
Equity Securities - Mutual Funds [Member] | ||
Securities available-for-sale, amortized cost | 1,000 | 1,000 |
Securities available-for-sale, gross unrealized gains | 5 | |
Securities available-for-sale, gross unrealized losses | (10) | (32) |
Securities available-for-sale, fair value | 995 | 968 |
Equity Securities [Member] | ||
Securities available-for-sale, amortized cost | 1,534 | 1,502 |
Securities available-for-sale, gross unrealized gains | 129 | 92 |
Securities available-for-sale, gross unrealized losses | (39) | (104) |
Securities available-for-sale, fair value | $ 1,624 | $ 1,490 |
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 | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) |
Securities in continuous unrealized loss position, less than twelve months, number of securities | 9 | 33 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 6,555 | $ 14,772 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (69) | $ (233) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 25 | 60 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 51,909 | $ 91,467 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (182) | $ (2,702) |
Securities in continuous unrealized loss position, number of securities | 34 | 93 |
Securities in continuous unrealized loss position, fair value | $ 58,464 | $ 106,239 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (251) | $ (2,935) |
US Government Agencies Debt Securities [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 | $ 5,965 | |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (35) | |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 14 | 23 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 38,372 | $ 65,450 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (127) | $ (2,087) |
Securities in continuous unrealized loss position, number of securities | 16 | 23 |
Securities in continuous unrealized loss position, fair value | $ 44,337 | $ 65,450 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (162) | $ (2,087) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 24 | |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 13,212 | |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (133) | |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 3 | 25 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 1,861 | $ 11,918 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (6) | $ (233) |
Securities in continuous unrealized loss position, number of securities | 3 | 49 |
Securities in continuous unrealized loss position, fair value | $ 1,861 | $ 25,130 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (6) | $ (366) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | ||
Securities in continuous unrealized loss position, less than twelve months, fair value | ||
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | ||
Securities in continuous unrealized loss position, twelve months or more, number of securities | 6 | 9 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 11,131 | $ 13,874 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (34) | $ (346) |
Securities in continuous unrealized loss position, number of securities | 6 | 9 |
Securities in continuous unrealized loss position, fair value | $ 11,131 | $ 13,874 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (34) | $ (346) |
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 | 1 | |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 489 | |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (10) | |
Securities in continuous unrealized loss position, number of securities | 1 | 2 |
Securities in continuous unrealized loss position, fair value | $ 489 | $ 968 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (10) | $ (32) |
Equity Securities [Member] | ||
Securities in continuous unrealized loss position, less than twelve months, number of securities | 7 | 7 |
Securities in continuous unrealized loss position, less than twelve months, fair value | $ 590 | $ 592 |
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses | $ (34) | $ (68) |
Securities in continuous unrealized loss position, twelve months or more, number of securities | 1 | 3 |
Securities in continuous unrealized loss position, twelve months or more, fair value | $ 56 | $ 225 |
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses | $ (5) | $ (36) |
Securities in continuous unrealized loss position, number of securities | 8 | 10 |
Securities in continuous unrealized loss position, fair value | $ 646 | $ 817 |
Securities in continuous unrealized loss position, gross unrealized losses | $ (39) | $ (104) |
Note 5 - Investment Securitie_5
Note 5 - Investment Securities - Maturities of Investment Securities Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Due in one year or less, amortized cost | $ 7,205 | |
Due in one year or less, fair value | 7,217 | |
Due after one year through five years, amortized cost | 67,921 | |
Due after one year through five years, fair value | 68,038 | |
Due after five years through ten years, amortized cost | 40,535 | |
Due after five years through ten years, fair value | 41,481 | |
Due after ten years, amortized cost | 116,502 | |
Due after ten years, fair value | 119,268 | |
Total, amortized cost | 232,163 | $ 227,280 |
Total, fair value | $ 236,004 | $ 225,409 |
Note 6 - Loans and Related Al_3
Note 6 - Loans and Related Allowance for Loan Loss (Details Textual) | 3 Months Ended | 6 Months Ended | 15 Months Ended | |||
Jun. 30, 2019USD ($) | Jun. 30, 2018 | Jun. 30, 2019USD ($) | Jun. 30, 2018 | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | |
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | $ 766,000 | $ 766,000 | $ 766,000 | $ 926,000 | ||
Real Estate Loans Serviced for Others | 101,400,000 | 101,400,000 | 101,400,000 | 99,000,000 | ||
Loans and Leases Receivable, Gross, Total | 935,888,000 | 935,888,000 | 935,888,000 | 912,872,000 | ||
Mortgage Loans in Process of Foreclosure, Amount | $ 962,000 | $ 962,000 | $ 962,000 | $ 1,400,000 | ||
Financing Receivable, TDRs, Number of Contracts | 13 | 13 | 13 | 12 | ||
Financing Receivable, Troubled Debt Restructuring | $ 2,800,000 | $ 2,800,000 | $ 2,800,000 | $ 3,600,000 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | ||
Increase (Decrease) in Loans and Leases Receivable, Impaired | $ 1,900,000 | $ 1,900,000 | 1,900,000 | |||
Originated Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | $ 756,867,000 | $ 756,867,000 | $ 756,867,000 | $ 721,591,000 | ||
Financing Receivable, TDRs, Number of Contracts | 8 | 8 | 8 | 6 | ||
Financing Receivable, Troubled Debt Restructuring | $ 2,200,000 | $ 2,200,000 | $ 2,200,000 | $ 2,100,000 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | 2 | |||
Acquired Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | $ 179,021,000 | $ 179,021,000 | $ 179,021,000 | $ 191,281,000 | ||
Financing Receivable, TDRs, Number of Contracts | 5 | 5 | 5 | 6 | ||
Financing Receivable, Troubled Debt Restructuring | $ 664,000 | $ 664,000 | $ 664,000 | $ 1,500,000 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | |||||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 317,182,000 | 317,182,000 | 317,182,000 | 307,064,000 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 93,850,000 | 93,850,000 | 93,850,000 | 91,463,000 | ||
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 247,671,000 | 247,671,000 | 247,671,000 | 229,455,000 | ||
Financing Receivable, Troubled Debt Restructuring | $ 1,072,000 | $ 1,072,000 | 1,072,000 | 980,000 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | ||||
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Commercial and Industrial Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | $ 79,040,000 | $ 79,040,000 | 79,040,000 | 78,466,000 | ||
Financing Receivable, Troubled Debt Restructuring | 113,000 | 113,000 | 113,000 | 154,000 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | |||||
Financing Receivable, Modifications, Number of Termed Out | 1 | 1 | ||||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 69,511,000 | 69,511,000 | 69,511,000 | 77,609,000 | ||
Financing Receivable, Troubled Debt Restructuring | 313,000 | 313,000 | $ 313,000 | 333,000 | ||
Financing Receivable, Modifications, Number of Contracts Paid Off | 1 | |||||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial and Industrial Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 14,810,000 | 14,810,000 | $ 14,810,000 | 12,997,000 | ||
Financing Receivable, Modifications, Number of Contracts Paid Off | 1 | |||||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 330,865,000 | $ 330,865,000 | 330,865,000 | 326,769,000 | ||
Residential Portfolio Segment [Member] | Originated Loans [Member] | ||||||
Financing Receivable, Modifications, Number of Contracts | 1 | |||||
Financing Receivable, Modifications, Number of Contracts Paid Off | 1 | |||||
Residential Portfolio Segment [Member] | Originated Loans [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 246,963,000 | $ 246,963,000 | 246,963,000 | 235,492,000 | ||
Financing Receivable, Troubled Debt Restructuring | 85,000 | $ 85,000 | 85,000 | 26,000 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | |||||
Residential Portfolio Segment [Member] | Acquired Loans [Member] | ||||||
Financing Receivable, Modifications, Number of Termed Out | 1 | |||||
Financing Receivable, Modifications, Number of Contracts Paid Off | 1 | |||||
Residential Portfolio Segment [Member] | Acquired Loans [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 83,902,000 | $ 83,902,000 | 83,902,000 | 91,277,000 | ||
Financing Receivable, Troubled Debt Restructuring | 351,000 | 351,000 | 351,000 | 1,212,000 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | |||||
Unlikely to be Collected Financing Receivable [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 0 | 0 | 0 | 0 | ||
Substandard [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 8,063,000 | 8,063,000 | 8,063,000 | 3,396,000 | ||
Increase (Decrease) in Loans and Leases Receivable | 4,700,000 | |||||
Substandard [Member] | Originated Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 5,108,000 | 5,108,000 | 5,108,000 | 1,964,000 | ||
Substandard [Member] | Acquired Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 2,955,000 | 2,955,000 | 2,955,000 | 1,432,000 | ||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Portfolio Segment, Loan One [Member] | ||||||
Increase (Decrease) in Loans and Leases Receivable | 2,900,000 | |||||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Portfolio Segment, Loan Two [Member] | ||||||
Increase (Decrease) in Loans and Leases Receivable | 1,700,000 | |||||
Substandard [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 5,956,000 | 5,956,000 | 5,956,000 | 1,184,000 | ||
Substandard [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 55,000 | 55,000 | 55,000 | 244,000 | ||
Substandard [Member] | Commercial Portfolio Segment [Member] | Originated Loans [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 3,803,000 | 3,803,000 | 3,803,000 | 704,000 | ||
Substandard [Member] | Commercial Portfolio Segment [Member] | Originated Loans [Member] | Commercial and Industrial Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 39,000 | 39,000 | 39,000 | 228,000 | ||
Substandard [Member] | Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 2,153,000 | 2,153,000 | 2,153,000 | 480,000 | ||
Substandard [Member] | Commercial Portfolio Segment [Member] | Acquired Loans [Member] | Commercial and Industrial Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 16,000 | 16,000 | 16,000 | 16,000 | ||
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 1,652,000 | 1,652,000 | 1,652,000 | 1,485,000 | ||
Substandard [Member] | Residential Portfolio Segment [Member] | Originated Loans [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 866,000 | 866,000 | 866,000 | 549,000 | ||
Substandard [Member] | Residential Portfolio Segment [Member] | Acquired Loans [Member] | Real Estate Sector [Member] | ||||||
Loans and Leases Receivable, Gross, Total | $ 786,000 | $ 786,000 | $ 786,000 | $ 936,000 |
Note 6 - Loans and Related Al_4
Note 6 - Loans and Related Allowance for Loan Loss - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Loans | $ 935,888 | $ 912,872 |
Loans, percent | 100.00% | 100.00% |
Allowance for loan losses | $ (9,691) | $ (9,558) |
Loans, Net | 926,197 | 903,314 |
Originated Loans [Member] | ||
Loans | $ 756,867 | $ 721,591 |
Loans, percent | 100.00% | 100.00% |
Allowance for loan losses | $ (9,091) | $ (8,942) |
Loans, Net | 747,776 | 712,649 |
Acquired Loans [Member] | ||
Loans | $ 179,021 | $ 191,281 |
Loans, percent | 100.00% | 100.00% |
Allowance for loan losses | $ (600) | $ (616) |
Loans, Net | 178,421 | 190,665 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | $ 330,865 | $ 326,769 |
Loans, percent | 35.30% | 35.90% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | $ 246,963 | $ 235,492 |
Loans, percent | 32.70% | 32.60% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | $ 83,902 | $ 91,277 |
Loans, percent | 46.90% | 47.80% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | $ 317,182 | $ 307,064 |
Loans, percent | 33.90% | 33.60% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | $ 247,671 | $ 229,455 |
Loans, percent | 32.70% | 31.80% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | $ 69,511 | $ 77,609 |
Loans, percent | 38.80% | 40.50% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans | $ 93,850 | $ 91,463 |
Loans, percent | 10.00% | 10.00% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans | $ 79,040 | $ 78,466 |
Loans, percent | 10.40% | 10.90% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans | $ 14,810 | $ 12,997 |
Loans, percent | 8.30% | 6.80% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | $ 60,415 | $ 48,824 |
Loans, percent | 6.50% | 5.30% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | $ 56,054 | $ 46,824 |
Loans, percent | 7.40% | 6.50% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | $ 4,361 | $ 2,000 |
Loans, percent | 2.40% | 1.00% |
Consumer Portfolio Segment [Member] | ||
Loans | $ 116,727 | $ 122,241 |
Loans, percent | 12.50% | 13.40% |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | $ 114,897 | $ 119,731 |
Loans, percent | 15.20% | 16.60% |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans | $ 1,830 | $ 2,510 |
Loans, percent | 1.00% | 1.30% |
Unallocated Financing Receivables [Member] | ||
Loans | $ 16,849 | $ 16,511 |
Loans, percent | 1.80% | 1.80% |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | ||
Loans | $ 12,242 | $ 11,623 |
Loans, percent | 1.60% | 1.60% |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | ||
Loans | $ 4,607 | $ 4,888 |
Loans, percent | 2.60% | 2.60% |
Note 6 - Loans and Related Al_5
Note 6 - Loans and Related Allowance for Loan Loss - Credit Quality Information (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Loans | $ 935,888 | $ 912,872 |
Pass [Member] | ||
Loans | 898,320 | 881,217 |
Special Mention [Member] | ||
Loans | 27,415 | 26,021 |
Substandard [Member] | ||
Loans | 8,063 | 3,396 |
Doubtful [Member] | ||
Loans | 2,090 | 2,238 |
Originated Loans [Member] | ||
Loans | 756,867 | 721,591 |
Originated Loans [Member] | Pass [Member] | ||
Loans | 729,356 | 699,497 |
Originated Loans [Member] | Special Mention [Member] | ||
Loans | 20,313 | 17,892 |
Originated Loans [Member] | Substandard [Member] | ||
Loans | 5,108 | 1,964 |
Originated Loans [Member] | Doubtful [Member] | ||
Loans | 2,090 | 2,238 |
Acquired Loans [Member] | ||
Loans | 179,021 | 191,281 |
Acquired Loans [Member] | Pass [Member] | ||
Loans | 168,964 | 181,720 |
Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 7,102 | 8,129 |
Acquired Loans [Member] | Substandard [Member] | ||
Loans | 2,955 | 1,432 |
Acquired Loans [Member] | Doubtful [Member] | ||
Loans | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 330,865 | 326,769 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 328,187 | 323,362 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans | 1,026 | 1,922 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans | 1,652 | 1,485 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 246,963 | 235,492 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 245,071 | 233,872 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 1,026 | 1,071 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 866 | 549 |
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 | 83,902 | 91,277 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 83,116 | 89,490 |
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 | 786 | 936 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 317,182 | 307,064 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 291,966 | 292,233 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans | 18,165 | 12,476 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans | 5,956 | 1,184 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans | 1,095 | 1,171 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 247,671 | 229,455 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 231,612 | 222,279 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 11,161 | 5,301 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 3,803 | 704 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | 1,095 | 1,171 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 69,511 | 77,609 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 60,354 | 69,954 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 7,004 | 7,175 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | 2,153 | 480 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans | 93,850 | 91,463 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Pass [Member] | ||
Loans | 84,674 | 81,534 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Special Mention [Member] | ||
Loans | 8,126 | 8,618 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Substandard [Member] | ||
Loans | 55 | 244 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Doubtful [Member] | ||
Loans | 995 | 1,067 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans | 79,040 | 78,466 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 69,880 | 68,553 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | 8,126 | 8,618 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 39 | 228 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | 995 | 1,067 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans | 14,810 | 12,997 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 14,794 | 12,981 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans | 16 | 16 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans | 60,415 | 48,824 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans | 60,120 | 45,522 |
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 | 295 | 400 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans | 56,054 | 46,824 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 55,759 | 43,522 |
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 | 295 | 400 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans | 4,361 | 2,000 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 4,361 | 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 | 116,727 | 122,241 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans | 116,622 | 122,158 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 105 | 83 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | 114,897 | 119,731 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 114,792 | 119,648 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans | 105 | 83 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans | 1,830 | 2,510 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 1,830 | 2,510 |
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 | 16,849 | 16,511 |
Other Portfolio Segment [Member] | Pass [Member] | ||
Loans | 16,751 | 16,408 |
Other Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | 98 | 103 |
Other Portfolio Segment [Member] | Substandard [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans | 12,242 | 11,623 |
Other Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans | 12,242 | 11,623 |
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 | 4,607 | 4,888 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans | 4,509 | 4,785 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans | 98 | 103 |
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 Loss - Loans by Aging Categories (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Loans current | $ 926,786 | $ 905,326 |
Past due | 2,815 | 4,265 |
Nonaccrual loans | 6,287 | 3,281 |
Loans | 935,888 | 912,872 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 984 | 3,548 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 150 | 390 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 1,681 | 327 |
Originated Loans [Member] | ||
Loans current | 750,700 | 716,081 |
Past due | 1,059 | 3,644 |
Nonaccrual loans | 5,108 | 1,866 |
Loans | 756,867 | 721,591 |
Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 872 | 2,993 |
Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 150 | 324 |
Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 37 | 327 |
Acquired Loans [Member] | ||
Loans current | 176,086 | 189,245 |
Past due | 1,756 | 621 |
Nonaccrual loans | 1,179 | 1,415 |
Loans | 179,021 | 191,281 |
Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 112 | 555 |
Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 66 | |
Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 1,644 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans current | 328,319 | 322,372 |
Past due | 322 | 2,243 |
Nonaccrual loans | 2,224 | 2,154 |
Loans | 330,865 | 326,769 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 272 | 1,782 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 30 | 137 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 20 | 324 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans current | 245,623 | 232,967 |
Past due | 279 | 1,770 |
Nonaccrual loans | 1,061 | 755 |
Loans | 246,963 | 235,492 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 229 | 1,374 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 30 | 72 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 20 | 324 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans current | 82,696 | 89,405 |
Past due | 43 | 473 |
Nonaccrual loans | 1,163 | 1,399 |
Loans | 83,902 | 91,277 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 43 | 408 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 65 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans current | 312,357 | 306,721 |
Past due | 1,676 | 343 |
Nonaccrual loans | 3,149 | |
Loans | 317,182 | 307,064 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 32 | 161 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 182 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 1,644 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans current | 244,490 | 229,189 |
Past due | 32 | 266 |
Nonaccrual loans | 3,149 | |
Loans | 247,671 | 229,455 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 32 | 84 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 182 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans current | 67,867 | 77,532 |
Past due | 1,644 | 77 |
Nonaccrual loans | ||
Loans | 69,511 | 77,609 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 77 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 1,644 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans current | 92,972 | 90,151 |
Past due | 69 | 268 |
Nonaccrual loans | 809 | 1,044 |
Loans | 93,850 | 91,463 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 69 | 268 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans current | 78,247 | 77,222 |
Past due | 216 | |
Nonaccrual loans | 793 | 1,028 |
Loans | 79,040 | 78,466 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 216 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans current | 14,725 | 12,929 |
Past due | 69 | 52 |
Nonaccrual loans | 16 | 16 |
Loans | 14,810 | 12,997 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 69 | 52 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans current | 60,415 | 48,824 |
Past due | ||
Nonaccrual loans | ||
Loans | 60,415 | 48,824 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans current | 56,054 | 46,824 |
Past due | ||
Nonaccrual loans | ||
Loans | 56,054 | 46,824 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans current | 4,361 | 2,000 |
Past due | ||
Nonaccrual loans | ||
Loans | 4,361 | 2,000 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Consumer Portfolio Segment [Member] | ||
Loans current | 115,874 | 120,747 |
Past due | 748 | 1,411 |
Nonaccrual loans | 105 | 83 |
Loans | 116,727 | 122,241 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 611 | 1,337 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 120 | 71 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 17 | 3 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans current | 114,044 | 118,256 |
Past due | 748 | 1,392 |
Nonaccrual loans | 105 | 83 |
Loans | 114,897 | 119,731 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 611 | 1,319 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 120 | 70 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 17 | 3 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans current | 1,830 | 2,491 |
Past due | 19 | |
Nonaccrual loans | ||
Loans | 1,830 | 2,510 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 18 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 1 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | ||
Loans current | 16,849 | 16,511 |
Past due | ||
Nonaccrual loans | ||
Loans | 16,849 | 16,511 |
Other Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans current | 12,242 | 11,623 |
Past due | ||
Nonaccrual loans | ||
Loans | 12,242 | 11,623 |
Other Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans current | 4,607 | 4,888 |
Past due | ||
Nonaccrual loans | ||
Loans | 4,607 | 4,888 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due |
Note 6 - Loans and Related Al_7
Note 6 - Loans and Related Allowance for Loan Loss - Nonperforming Assets (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Nonaccrual loans | $ 6,287,000 | $ 3,281,000 |
Accruing loans past due 90 days or more | 1,681,000 | 327,000 |
Nonperforming loans | 2,800,000 | 3,600,000 |
Total Nonperforming Loans | 935,888,000 | 912,872,000 |
Total Nonperforming Assets | $ 1,305,188,000 | $ 1,281,301,000 |
Nonperforming Loans to Total Loans | 1.06% | 0.69% |
Nonperforming Assets to Total Assets | 0.78% | 0.56% |
Nonperforming Financial Instruments [Member] | ||
Nonaccrual loans | $ 6,287,000 | $ 3,281,000 |
Accruing loans past due 90 days or more | 7,968,000 | 3,608,000 |
Nonperforming loans | 1,934,000 | 2,705,000 |
Total Nonperforming Loans | 9,902,000 | 6,313,000 |
Total Real Estate Owned | 332,000 | 917,000 |
Total Nonperforming Assets | 10,234,000 | 7,230,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Nonaccrual loans | 2,224,000 | 2,154,000 |
Total Nonperforming Loans | 330,865,000 | 326,769,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | ||
Total Real Estate Owned | 158,000 | 46,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Nonaccrual loans | 3,149,000 | |
Total Nonperforming Loans | 317,182,000 | 307,064,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | ||
Total Real Estate Owned | 174,000 | 871,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Nonaccrual loans | 809,000 | 1,044,000 |
Total Nonperforming Loans | 93,850,000 | 91,463,000 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual loans | 105,000 | 83,000 |
Total Nonperforming Loans | 116,727,000 | 122,241,000 |
Originated Loans [Member] | ||
Nonaccrual loans | 5,108,000 | 1,866,000 |
Accruing loans past due 90 days or more | 37,000 | 327,000 |
Nonperforming loans | 2,200,000 | 2,100,000 |
Total Nonperforming Loans | 756,867,000 | 721,591,000 |
Originated Loans [Member] | Nonperforming Financial Instruments [Member] | ||
Nonperforming loans | 1,270,000 | 1,160,000 |
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Nonaccrual loans | 1,061,000 | 755,000 |
Accruing loans past due 90 days or more | 20,000 | 324,000 |
Nonperforming loans | 85,000 | 26,000 |
Total Nonperforming Loans | 246,963,000 | 235,492,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Nonaccrual loans | 3,149,000 | |
Nonperforming loans | 1,072,000 | 980,000 |
Total Nonperforming Loans | 247,671,000 | 229,455,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Nonaccrual loans | 793,000 | 1,028,000 |
Nonperforming loans | 113,000 | 154,000 |
Total Nonperforming Loans | 79,040,000 | 78,466,000 |
Originated Loans [Member] | Consumer Portfolio Segment [Member] | ||
Nonaccrual loans | 105,000 | 83,000 |
Accruing loans past due 90 days or more | 17,000 | 3,000 |
Total Nonperforming Loans | 114,897,000 | 119,731,000 |
Acquired Loans [Member] | ||
Nonaccrual loans | 1,179,000 | 1,415,000 |
Accruing loans past due 90 days or more | 1,644,000 | |
Nonperforming loans | 664,000 | 1,500,000 |
Total Nonperforming Loans | 179,021,000 | 191,281,000 |
Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | ||
Nonperforming loans | 664,000 | 1,545,000 |
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Nonaccrual loans | 1,163,000 | 1,399,000 |
Nonperforming loans | 351,000 | 1,212,000 |
Total Nonperforming Loans | 83,902,000 | 91,277,000 |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Nonaccrual loans | ||
Accruing loans past due 90 days or more | 1,644,000 | |
Nonperforming loans | 313,000 | 333,000 |
Total Nonperforming Loans | 69,511,000 | 77,609,000 |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Nonaccrual loans | 16,000 | 16,000 |
Total Nonperforming Loans | 14,810,000 | 12,997,000 |
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Nonaccrual loans | ||
Total Nonperforming Loans | $ 1,830,000 | $ 2,510,000 |
Note 6 - Loans and Related Al_8
Note 6 - Loans and Related Allowance for Loan Loss - Loans Classified as TDRs (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | |
Originated Loans [Member] | |||
Number of contracts | 1 | 1 | 2 |
Pre-modification outstanding recorded investment | $ 114 | $ 161 | $ 175 |
Post-modification outstanding recorded investment | 114 | 161 | 175 |
Related allowance | |||
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Number of contracts | 1 | 1 | |
Pre-modification outstanding recorded investment | $ 114 | $ 114 | |
Post-modification outstanding recorded investment | 114 | 114 | |
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] | |||
Number of contracts | 1 | ||
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 Loss - Impaired Loans (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Recorded investment - with no related allowance | $ 5,235,000 | $ 6,081,000 |
Unpaid principal balance - with no related allowance | 5,251,000 | 6,096,000 |
Average recorded investment - with no related allowance | 5,421,000 | 5,679,000 |
Interest income recognized - with no related allowance | 145,000 | 294,000 |
Recorded investment - with related allowance | 4,534,000 | 1,800,000 |
Impaired Financing Receivable, Related Allowance | 1,427,000 | 1,012,000 |
Unpaid principal balance - with related allowance | 4,662,000 | 1,905,000 |
Average recorded investment - with related allowance | 4,691,000 | 1,954,000 |
Interest income recognized - with related allowance | 123,000 | 106,000 |
Recorded investment | 9,769,000 | 7,881,000 |
Unpaid principal balance | 9,913,000 | 8,001,000 |
Average recorded investment | 10,112,000 | 7,633,000 |
Interest income recognized | 268,000 | 400,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 497,000 | 1,283,000 |
Unpaid principal balance - with no related allowance | 501,000 | 1,286,000 |
Average recorded investment - with no related allowance | 508,000 | 1,316,000 |
Interest income recognized - with no related allowance | 10,000 | 67,000 |
Impaired Financing Receivable, Related Allowance | ||
Recorded investment | 497,000 | 1,283,000 |
Unpaid principal balance | 501,000 | 1,286,000 |
Average recorded investment | 508,000 | 1,316,000 |
Interest income recognized | 10,000 | 67,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 4,290,000 | 4,016,000 |
Unpaid principal balance - with no related allowance | 4,300,000 | 4,016,000 |
Average recorded investment - with no related allowance | 4,378,000 | 3,494,000 |
Interest income recognized - with no related allowance | 120,000 | 197,000 |
Recorded investment - with related allowance | 3,523,000 | 718,000 |
Impaired Financing Receivable, Related Allowance | 656,000 | 219,000 |
Unpaid principal balance - with related allowance | 3,523,000 | 718,000 |
Average recorded investment - with related allowance | 3,528,000 | 745,000 |
Interest income recognized - with related allowance | 92,000 | 43,000 |
Recorded investment | 7,813,000 | 4,734,000 |
Unpaid principal balance | 7,823,000 | 4,734,000 |
Average recorded investment | 7,906,000 | 4,239,000 |
Interest income recognized | 212,000 | 240,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 152,000 | 382,000 |
Unpaid principal balance - with no related allowance | 154,000 | 394,000 |
Average recorded investment - with no related allowance | 173,000 | 403,000 |
Interest income recognized - with no related allowance | 4,000 | 5,000 |
Recorded investment - with related allowance | 1,011,000 | 1,082,000 |
Impaired Financing Receivable, Related Allowance | 771,000 | 793,000 |
Unpaid principal balance - with related allowance | 1,139,000 | 1,187,000 |
Average recorded investment - with related allowance | 1,163,000 | 1,209,000 |
Interest income recognized - with related allowance | 31,000 | 63,000 |
Recorded investment | 1,163,000 | 1,464,000 |
Unpaid principal balance | 1,293,000 | 1,581,000 |
Average recorded investment | 1,336,000 | 1,612,000 |
Interest income recognized | 35,000 | 68,000 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 296,000 | 400,000 |
Unpaid principal balance - with no related allowance | 296,000 | 400,000 |
Average recorded investment - with no related allowance | 362,000 | 466,000 |
Interest income recognized - with no related allowance | 11,000 | 25,000 |
Impaired Financing Receivable, Related Allowance | ||
Recorded investment | 296,000 | |
Unpaid principal balance | 296,000 | |
Average recorded investment | 362,000 | |
Interest income recognized | 11,000 | |
Originated Loans [Member] | ||
Recorded investment - with no related allowance | 2,419,000 | 2,403,000 |
Unpaid principal balance - with no related allowance | 2,435,000 | 2,418,000 |
Average recorded investment - with no related allowance | 2,578,000 | 2,577,000 |
Interest income recognized - with no related allowance | 61,000 | 108,000 |
Recorded investment - with related allowance | 4,518,000 | 1,740,000 |
Impaired Financing Receivable, Related Allowance | 1,420,000 | 998,000 |
Unpaid principal balance - with related allowance | 4,646,000 | 1,845,000 |
Average recorded investment - with related allowance | 4,675,000 | 1,909,000 |
Interest income recognized - with related allowance | 123,000 | 103,000 |
Recorded investment | 6,937,000 | 4,143,000 |
Unpaid principal balance | 7,081,000 | 4,263,000 |
Average recorded investment | 7,253,000 | 4,486,000 |
Interest income recognized | 184,000 | 211,000 |
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 146,000 | 71,000 |
Unpaid principal balance - with no related allowance | 150,000 | 74,000 |
Average recorded investment - with no related allowance | 153,000 | 82,000 |
Interest income recognized - with no related allowance | 2,000 | 4,000 |
Impaired Financing Receivable, Related Allowance | ||
Recorded investment | 146,000 | 71,000 |
Unpaid principal balance | 150,000 | 74,000 |
Average recorded investment | 153,000 | 82,000 |
Interest income recognized | 2,000 | 4,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 1,825,000 | 1,550,000 |
Unpaid principal balance - with no related allowance | 1,835,000 | 1,550,000 |
Average recorded investment - with no related allowance | 1,890,000 | 1,626,000 |
Interest income recognized - with no related allowance | 44,000 | 74,000 |
Recorded investment - with related allowance | 3,523,000 | 674,000 |
Impaired Financing Receivable, Related Allowance | 656,000 | 211,000 |
Unpaid principal balance - with related allowance | 3,523,000 | 674,000 |
Average recorded investment - with related allowance | 3,528,000 | 716,000 |
Interest income recognized - with related allowance | 92,000 | 40,000 |
Recorded investment | 5,348,000 | 2,224,000 |
Unpaid principal balance | 5,358,000 | 2,224,000 |
Average recorded investment | 5,418,000 | 2,342,000 |
Interest income recognized | 136,000 | 114,000 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 152,000 | 382,000 |
Unpaid principal balance - with no related allowance | 154,000 | 394,000 |
Average recorded investment - with no related allowance | 173,000 | 403,000 |
Interest income recognized - with no related allowance | 4,000 | 5,000 |
Recorded investment - with related allowance | 995,000 | 1,066,000 |
Impaired Financing Receivable, Related Allowance | 764,000 | 787,000 |
Unpaid principal balance - with related allowance | 1,123,000 | 1,171,000 |
Average recorded investment - with related allowance | 1,147,000 | 1,193,000 |
Interest income recognized - with related allowance | 31,000 | 63,000 |
Recorded investment | 1,147,000 | 1,448,000 |
Unpaid principal balance | 1,277,000 | 1,565,000 |
Average recorded investment | 1,320,000 | 1,596,000 |
Interest income recognized | 35,000 | 68,000 |
Originated Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 296,000 | 400,000 |
Unpaid principal balance - with no related allowance | 296,000 | 400,000 |
Average recorded investment - with no related allowance | 362,000 | 466,000 |
Interest income recognized - with no related allowance | 11,000 | 25,000 |
Impaired Financing Receivable, Related Allowance | ||
Recorded investment | 296,000 | 400,000 |
Unpaid principal balance | 296,000 | 400,000 |
Average recorded investment | 362,000 | 466,000 |
Interest income recognized | 11,000 | 25,000 |
Acquired Loans [Member] | ||
Recorded investment - with no related allowance | 2,816,000 | 3,678,000 |
Unpaid principal balance - with no related allowance | 2,816,000 | 3,678,000 |
Average recorded investment - with no related allowance | 2,843,000 | 3,102,000 |
Interest income recognized - with no related allowance | 84,000 | 186,000 |
Recorded investment - with related allowance | 16,000 | 60,000 |
Impaired Financing Receivable, Related Allowance | 7,000 | 14,000 |
Unpaid principal balance - with related allowance | 16,000 | 60,000 |
Average recorded investment - with related allowance | 16,000 | 45,000 |
Interest income recognized - with related allowance | 3,000 | |
Recorded investment | 2,832,000 | 3,738,000 |
Unpaid principal balance | 2,832,000 | 3,738,000 |
Average recorded investment | 2,859,000 | 3,147,000 |
Interest income recognized | 84,000 | 189,000 |
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 351,000 | 1,212,000 |
Unpaid principal balance - with no related allowance | 351,000 | 1,212,000 |
Average recorded investment - with no related allowance | 355,000 | 1,234,000 |
Interest income recognized - with no related allowance | 8,000 | 63,000 |
Impaired Financing Receivable, Related Allowance | ||
Recorded investment | 351,000 | 1,212,000 |
Unpaid principal balance | 351,000 | 1,212,000 |
Average recorded investment | 355,000 | 1,234,000 |
Interest income recognized | 8,000 | 63,000 |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 2,465,000 | 2,466,000 |
Unpaid principal balance - with no related allowance | 2,465,000 | 2,466,000 |
Average recorded investment - with no related allowance | 2,488,000 | 1,868,000 |
Interest income recognized - with no related allowance | 76,000 | 123,000 |
Recorded investment - with related allowance | 44,000 | |
Impaired Financing Receivable, 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 | 2,465,000 | 2,510,000 |
Unpaid principal balance | 2,465,000 | 2,510,000 |
Average recorded investment | 2,488,000 | 1,897,000 |
Interest income recognized | 76,000 | 126,000 |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with related allowance | 16,000 | 16,000 |
Impaired Financing Receivable, Related Allowance | 7,000 | 6,000 |
Unpaid principal balance - with related allowance | 16,000 | 16,000 |
Average recorded investment - with related allowance | 16,000 | 16,000 |
Interest income recognized - with related allowance | ||
Recorded investment | 16,000 | 16,000 |
Unpaid principal balance | 16,000 | 16,000 |
Average recorded investment | 16,000 | 16,000 |
Interest income recognized | ||
Acquired Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Impaired Financing Receivable, Related Allowance | ||
Recorded investment | 400,000 | |
Unpaid principal balance | 400,000 | |
Average recorded investment | 466,000 | |
Interest income recognized | $ 25,000 |
Note 6 - Loans and Related A_10
Note 6 - Loans and Related Allowance for Loan Loss - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||||
Beginning Balance | $ 1,154 | $ 875 | $ 1,050 | $ 891 | |
Charge-offs | (43) | (32) | (43) | (59) | |
Recoveries | 5 | 15 | 9 | 20 | |
Provision | (20) | 5 | 80 | 11 | |
Ending Balance | 1,096 | 863 | 1,096 | 863 | |
Provision | (20) | 5 | 80 | 11 | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 1,096 | 863 | 1,096 | 863 | 1,050 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||||
Beginning Balance | 1,154 | 875 | 1,050 | 891 | |
Charge-offs | (21) | (21) | (27) | ||
Recoveries | 5 | 8 | 9 | 12 | |
Provision | (42) | (20) | 58 | (13) | |
Ending Balance | 1,096 | 863 | 1,096 | 863 | |
Provision | (42) | (20) | 58 | (13) | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 1,096 | 863 | 1,096 | 863 | 1,050 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||||
Beginning Balance | |||||
Charge-offs | (22) | (32) | (22) | (32) | |
Recoveries | 7 | 8 | |||
Provision | 22 | 25 | 22 | 24 | |
Ending Balance | |||||
Provision | 22 | 25 | 22 | 24 | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | |||||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||||
Beginning Balance | 2,550 | 2,693 | 2,693 | 2,289 | |
Charge-offs | |||||
Recoveries | 8 | 20 | 21 | 134 | |
Provision | 888 | 91 | 732 | 381 | |
Ending Balance | 3,446 | 2,804 | 3,446 | 2,804 | |
Provision | 888 | 91 | 732 | 381 | |
Individually Evaluated for Impairment | 656 | 351 | 656 | 351 | 219 |
Collectively Evaluated for Potential Impairment | 2,790 | 2,453 | 2,790 | 2,453 | 2,474 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||||
Beginning Balance | 2,127 | 2,206 | 2,217 | 1,799 | |
Charge-offs | |||||
Recoveries | 7 | 19 | 19 | 19 | |
Provision | 866 | 86 | 764 | 493 | |
Ending Balance | 3,000 | 2,311 | 3,000 | 2,311 | |
Provision | 866 | 86 | 764 | 493 | |
Individually Evaluated for Impairment | 656 | 351 | 656 | 351 | 211 |
Collectively Evaluated for Potential Impairment | 2,344 | 1,960 | 2,344 | 1,960 | 2,006 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||||
Beginning Balance | 423 | 487 | 476 | 490 | |
Charge-offs | |||||
Recoveries | 1 | 1 | 2 | 115 | |
Provision | 22 | 5 | (32) | (112) | |
Ending Balance | 446 | 493 | 446 | 493 | |
Provision | 22 | 5 | (32) | (112) | |
Individually Evaluated for Impairment | 8 | ||||
Collectively Evaluated for Potential Impairment | 446 | 493 | 446 | 493 | 468 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||||
Beginning Balance | 2,553 | 2,938 | 2,807 | 2,544 | |
Charge-offs | (1,398) | ||||
Recoveries | 1 | 1 | 2 | 3 | |
Provision | 164 | (21) | (91) | 1,769 | |
Ending Balance | 2,718 | 2,918 | 2,718 | 2,918 | |
Provision | 164 | (21) | (91) | 1,769 | |
Individually Evaluated for Impairment | 771 | 1,267 | 771 | 1,267 | 793 |
Collectively Evaluated for Potential Impairment | 1,947 | 1,651 | 1,947 | 1,651 | 2,014 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | |||||
Beginning Balance | 2,468 | 2,771 | 2,698 | 2,461 | |
Charge-offs | (1,398) | ||||
Recoveries | 1 | 1 | 2 | 3 | |
Provision | 136 | 27 | (95) | 1,733 | |
Ending Balance | 2,605 | 2,799 | 2,605 | 2,799 | |
Provision | 136 | 27 | (95) | 1,733 | |
Individually Evaluated for Impairment | 764 | 1,264 | 764 | 1,264 | 787 |
Collectively Evaluated for Potential Impairment | 1,841 | 1,535 | 1,841 | 1,535 | 1,911 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | |||||
Beginning Balance | 85 | 167 | 109 | 83 | |
Charge-offs | |||||
Recoveries | |||||
Provision | 28 | (48) | 4 | 36 | |
Ending Balance | 113 | 119 | 113 | 119 | |
Provision | 28 | (48) | 4 | 36 | |
Individually Evaluated for Impairment | 7 | 3 | 7 | 3 | 6 |
Collectively Evaluated for Potential Impairment | 106 | 116 | 106 | 116 | 103 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||||
Beginning Balance | 500 | 156 | 395 | 276 | |
Charge-offs | |||||
Recoveries | |||||
Provision | (12) | 103 | 93 | (17) | |
Ending Balance | 488 | 259 | 488 | 259 | |
Provision | (12) | 103 | 93 | (17) | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 488 | 259 | 488 | 259 | 395 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||||
Beginning Balance | 500 | 156 | 395 | 276 | |
Charge-offs | |||||
Recoveries | |||||
Provision | (12) | 103 | 93 | (17) | |
Ending Balance | 488 | 259 | 488 | 259 | |
Provision | (12) | 103 | 93 | (17) | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 488 | 259 | 488 | 259 | 395 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||||
Beginning Balance | |||||
Charge-offs | |||||
Recoveries | |||||
Provision | |||||
Ending Balance | |||||
Provision | |||||
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | |||||
Consumer Portfolio Segment [Member] | |||||
Beginning Balance | 1,733 | 2,156 | 2,027 | 2,358 | |
Charge-offs | (73) | (157) | (286) | (298) | |
Recoveries | 31 | 28 | 55 | 73 | |
Provision | (191) | 103 | (296) | (3) | |
Ending Balance | 1,500 | 2,130 | 1,500 | 2,130 | |
Provision | (191) | 103 | (296) | (3) | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 1,500 | 2,130 | 1,500 | 2,130 | 2,027 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||||
Beginning Balance | 1,733 | 2,156 | 2,027 | 2,358 | |
Charge-offs | (73) | (157) | (285) | (298) | |
Recoveries | 29 | 27 | 50 | 72 | |
Provision | (189) | 104 | (292) | (2) | |
Ending Balance | 1,500 | 2,130 | 1,500 | 2,130 | |
Provision | (189) | 104 | (292) | (2) | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 1,500 | 2,130 | 1,500 | 2,130 | 2,027 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||||
Beginning Balance | |||||
Charge-offs | (1) | ||||
Recoveries | 2 | 1 | 5 | 1 | |
Provision | (2) | (1) | (4) | (1) | |
Ending Balance | |||||
Provision | (2) | (1) | (4) | (1) | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | |||||
Other Portfolio Segment [Member] | |||||
Beginning Balance | 922 | 78 | 586 | 438 | |
Charge-offs | |||||
Recoveries | |||||
Provision | (479) | 319 | (143) | (41) | |
Ending Balance | 443 | 397 | 443 | 397 | |
Provision | (479) | 319 | (143) | (41) | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 443 | 397 | 443 | 397 | 586 |
Other Portfolio Segment [Member] | Originated Loans [Member] | |||||
Beginning Balance | 811 | 36 | 555 | 430 | |
Charge-offs | |||||
Recoveries | |||||
Provision | (409) | 300 | (153) | (94) | |
Ending Balance | 402 | 336 | 402 | 336 | |
Provision | (409) | 300 | (153) | (94) | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 402 | 336 | 402 | 336 | 555 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | |||||
Beginning Balance | 111 | 42 | 31 | 8 | |
Charge-offs | |||||
Recoveries | |||||
Provision | (70) | 19 | 10 | 53 | |
Ending Balance | 41 | 61 | 41 | 61 | |
Provision | (70) | 19 | 10 | 53 | |
Individually Evaluated for Impairment | |||||
Collectively Evaluated for Potential Impairment | 41 | 61 | 41 | 61 | 31 |
Unallocated Financing Receivables [Member] | |||||
Beginning Balance | 9,412 | 8,896 | 9,558 | 8,796 | |
Charge-offs | (116) | (189) | (329) | (1,755) | |
Recoveries | 45 | 64 | 87 | 230 | |
Provision | 350 | 600 | 375 | 2,100 | |
Ending Balance | 9,691 | 9,371 | 9,691 | 9,371 | |
Provision | 350 | 600 | 375 | 2,100 | |
Individually Evaluated for Impairment | 1,427 | 1,618 | 1,427 | 1,618 | 1,012 |
Collectively Evaluated for Potential Impairment | 8,264 | 7,753 | 8,264 | 7,753 | 8,546 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | |||||
Beginning Balance | 8,793 | 8,200 | 8,942 | 8,215 | |
Charge-offs | (94) | (157) | (306) | (1,723) | |
Recoveries | 42 | 55 | 80 | 106 | |
Provision | 350 | 600 | 375 | 2,100 | |
Ending Balance | 9,091 | 8,698 | 9,091 | 8,698 | |
Provision | 350 | 600 | 375 | 2,100 | |
Individually Evaluated for Impairment | 1,420 | 1,615 | 1,420 | 1,615 | 998 |
Collectively Evaluated for Potential Impairment | 7,671 | 7,083 | 7,671 | 7,083 | 7,944 |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | |||||
Beginning Balance | 619 | 696 | 616 | 581 | |
Charge-offs | (22) | (32) | (23) | (32) | |
Recoveries | 3 | 9 | 7 | 124 | |
Provision | |||||
Ending Balance | 600 | 673 | 600 | 673 | |
Provision | |||||
Individually Evaluated for Impairment | 7 | 3 | 7 | 3 | 14 |
Collectively Evaluated for Potential Impairment | $ 593 | $ 670 | $ 593 | $ 670 | $ 602 |
Note 6 - Loans and Related A_11
Note 6 - Loans and Related Allowance for Loan Loss - Accretable Discount on Loans Acquired at Fair Value (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Balance | $ 1,912 |
Accretable Yield | (138) |
Balance | $ 1,774 |
Note 6 - Loans and Related A_12
Note 6 - Loans and Related Allowance for Loan Loss - Loans Summarized by Individually Evaluated for Impairment and Collectively Evaluated for Potential Losses (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Individually Evaluated for Impairment | $ 9,769 | $ 7,881 |
Collectively Evaluated for Potential Impairment | 926,119 | 904,991 |
Loans and Leases Receivable, Gross, Total | 935,888 | 912,872 |
Originated Loans [Member] | ||
Individually Evaluated for Impairment | 6,937 | 4,143 |
Collectively Evaluated for Potential Impairment | 749,930 | 717,448 |
Loans and Leases Receivable, Gross, Total | 756,867 | 721,591 |
Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 2,832 | 3,738 |
Collectively Evaluated for Potential Impairment | 176,189 | 187,543 |
Loans and Leases Receivable, Gross, Total | 179,021 | 191,281 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 497 | 1,283 |
Collectively Evaluated for Potential Impairment | 330,368 | 325,486 |
Loans and Leases Receivable, Gross, Total | 330,865 | 326,769 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 146 | 71 |
Collectively Evaluated for Potential Impairment | 246,817 | 235,421 |
Loans and Leases Receivable, Gross, Total | 246,963 | 235,492 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 351 | 1,212 |
Collectively Evaluated for Potential Impairment | 83,551 | 90,065 |
Loans and Leases Receivable, Gross, Total | 83,902 | 91,277 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 7,813 | 4,734 |
Collectively Evaluated for Potential Impairment | 309,369 | 302,330 |
Loans and Leases Receivable, Gross, Total | 317,182 | 307,064 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 5,348 | 2,224 |
Collectively Evaluated for Potential Impairment | 242,323 | 227,231 |
Loans and Leases Receivable, Gross, Total | 247,671 | 229,455 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 2,465 | 2,510 |
Collectively Evaluated for Potential Impairment | 67,046 | 75,099 |
Loans and Leases Receivable, Gross, Total | 69,511 | 77,609 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Individually Evaluated for Impairment | 1,163 | 1,464 |
Collectively Evaluated for Potential Impairment | 92,687 | 89,999 |
Loans and Leases Receivable, Gross, Total | 93,850 | 91,463 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 1,147 | 1,448 |
Collectively Evaluated for Potential Impairment | 77,893 | 77,018 |
Loans and Leases Receivable, Gross, Total | 79,040 | 78,466 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 16 | 16 |
Collectively Evaluated for Potential Impairment | 14,794 | 12,981 |
Loans and Leases Receivable, Gross, Total | 14,810 | 12,997 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 296 | 400 |
Collectively Evaluated for Potential Impairment | 60,119 | 48,424 |
Loans and Leases Receivable, Gross, Total | 60,415 | 48,824 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 296 | 400 |
Collectively Evaluated for Potential Impairment | 55,758 | 46,424 |
Loans and Leases Receivable, Gross, Total | 56,054 | 46,824 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 4,361 | 2,000 |
Loans and Leases Receivable, Gross, Total | 4,361 | 2,000 |
Consumer Portfolio Segment [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 116,727 | 122,241 |
Loans and Leases Receivable, Gross, Total | 116,727 | 122,241 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 114,897 | 119,731 |
Loans and Leases Receivable, Gross, Total | 114,897 | 119,731 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 1,830 | 2,510 |
Loans and Leases Receivable, Gross, Total | 1,830 | 2,510 |
Other Portfolio Segment [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 16,849 | 16,511 |
Loans and Leases Receivable, Gross, Total | 16,849 | 16,511 |
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 12,242 | 11,623 |
Loans and Leases Receivable, Gross, Total | 12,242 | 11,623 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | 4,607 | 4,888 |
Loans and Leases Receivable, Gross, Total | $ 4,607 | $ 4,888 |
Note 7 - Leases - Operating Lea
Note 7 - Leases - Operating Leases (Details) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019USD ($) | Jun. 30, 2019USD ($) | |
Operating Lease Expense | $ 122 | $ 230 |
ROU Assets | $ 1,499 | 1,499 |
Operating Cash Flows | $ 207 | |
Operating Leases (Year) | 6 years 346 days | 6 years 346 days |
Operating Leases | 2.86% | 2.86% |
Note 7 - Leases - Maturity of O
Note 7 - Leases - Maturity of Operating Lease (Details) $ in Thousands | Jun. 30, 2019USD ($) |
2019 | $ 456 |
2020 | 358 |
2021 | 251 |
2022 | 123 |
2023 | 57 |
2024 and thereafter | 431 |
Total | 1,676 |
Less: Present Value Discount | 171 |
Lease Liabilities | $ 1,505 |
Note 8 - Deposits (Details Text
Note 8 - Deposits (Details Textual) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Time Deposits, at or Above FDIC Insurance Limit | $ 71.4 | $ 68 |
Note 8 - Deposits - Maturities
Note 8 - Deposits - Maturities of Time Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
One Year or Less | $ 89,955 | |
Over One Through Two Years | 55,169 | |
Over Two Through Three Years | 19,094 | |
Over Three Through Four Years | 43,161 | |
Over Four Through Five Years | 8,789 | |
Over Five Years | 5,356 | |
Total | $ 221,524 | $ 214,891 |
Note 9 - Short-term Borrowing_2
Note 9 - Short-term Borrowings - Federal Funds Purchased and Short-term Borrowings (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Balance at Period End, Amount | $ 27,730 | $ 30,979 |
Federal Funds Purchased [Member] | ||
Average Balance Outstanding During the Period, Amount | $ 37 | |
Average Balance Outstanding During the Period, Weighted Average Rate | 2.70% | |
Maximum Amount Outstanding at any Month End, Amount | $ 1,500 | |
Other Short-term Debt [Member] | ||
Average Balance Outstanding During the Period, Amount | $ 19,726 | |
Average Balance Outstanding During the Period, Weighted Average Rate | 1.86% | |
Maximum Amount Outstanding at any Month End, Amount | $ 98,960 | |
Balance at Period End, Amount | ||
Securities Sold under Agreements to Repurchase [Member] | ||
Average Balance Outstanding During the Period, Amount | $ 31,377 | $ 29,300 |
Average Balance Outstanding During the Period, Weighted Average Rate | 0.61% | 0.53% |
Maximum Amount Outstanding at any Month End, Amount | $ 34,197 | $ 35,661 |
Balance at Period End, Amount | $ 27,730 | $ 30,979 |
Balance at Period End, Weighted Average Rate | 0.57% | 0.54% |
Carrying Value, Amount | $ 47,158 | $ 48,131 |
Market Value, Amount | $ 47,417 | $ 47,083 |
Note 10 - Other Borrowed Fund_2
Note 10 - Other Borrowed Funds (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | $ 358,100 | |
Variable Rate Line of Credit [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 147,000 | $ 147,000 |
Federal Reserve Bank [Member] | ||
Long-term Line of Credit, Total | 0 | 0 |
Line of Credit Facility, Maximum Borrowing Capacity | 101,600 | |
Various Banks [Member] | ||
Long-term Line of Credit, Total | 0 | 0 |
Line of Credit Facility, Maximum Borrowing Capacity | $ 60,000 | $ 60,000 |
Note 10 - Other Borrowed Fund_3
Note 10 - Other Borrowed Funds - Federal Home Loan Bank Advances (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Due in One Year, amount | $ 6 | $ 6 |
Due in One Year, weighted average rate | 1.88% | 1.78% |
Due After One Year to Two Years, amount | $ 5 | $ 6 |
Due After One Year to Two Years, weighted average rate | 2.09% | 1.97% |
Due After Two Years to Three Years, amount | $ 3 | $ 5 |
Due After Two Years to Three Years, weighted average rate | 2.23% | 2.18% |
Due After Three Years to Four Years, amount | $ 3 | $ 3 |
Due After Three Years to Four Years, weighted average rate | 2.41% | 2.41% |
Total, amount | $ 17 | $ 20 |
Weighted Average [Member] | ||
Total, weighted average rate | 2.09% | 2.03% |
Note 11 - Commitments and Con_3
Note 11 - Commitments and Contingent Liabilities - Unused and Available Credit Balances of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Financial instruments | $ 222,746 | $ 209,025 |
Financial Standby Letter of Credit [Member] | ||
Financial instruments | 35,620 | 37,559 |
Performance Guarantee [Member] | ||
Financial instruments | 3,213 | 3,544 |
Commitments to Extend Credit [Member] | ||
Financial instruments | 2,855 | 2,783 |
Construction Mortgages [Member] | ||
Financial instruments | 61,371 | 56,691 |
Personal Line Of Credit [Member] | ||
Financial instruments | 6,615 | 6,186 |
Overdraft Protection Lines [Member] | ||
Financial instruments | 6,316 | 6,140 |
Home Equity Lines of Credit [Member] | ||
Financial instruments | 21,330 | 21,520 |
Commercial Lines Of Credit [Member] | ||
Financial instruments | $ 85,426 | $ 74,602 |
Note 12 - Fair Value Disclosu_3
Note 12 - Fair Value Disclosure (Details Textual) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2018USD ($) | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 4,534,000 | $ 4,534,000 | $ 1,800,000 | ||
Impaired Financing Receivable, Related Allowance | 1,427,000 | 1,427,000 | 1,012,000 | ||
Real Estate Owned, Transfer to Real Estate Owned | 158,000 | ||||
Gains (Losses) on Sales of Other Real Estate | 94,000 | $ 19,000 | |||
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 | $ 12,000 | ||||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | FedFirst Financial Corporation [Member] | |||||
Number of Loans Transferred to Other Real Estate Owned | 1 | ||||
Real Estate Owned, Transfer to Real Estate Owned | $ 117,000 | 46,000 | |||
Gains (Losses) on Sales of Other Real Estate | $ (3,000) | ||||
Other Real Estate Owned, Number of Properties Acquired | 1 | ||||
Consumer Portfolio Segment [Member] | FedFirst Financial Corporation [Member] | |||||
Number of Loans Transferred to Other Real Estate Owned | 1 | ||||
Real Estate Owned, Transfer to Real Estate Owned | $ 41,000 | ||||
Other Real Estate Owned, Number of Properties Sold | 1 | ||||
Gains (Losses) on Sales of Other Real Estate | $ 7,000 | ||||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 3,523,000 | $ 3,523,000 | 718,000 | ||
Impaired Financing Receivable, Related Allowance | $ 656,000 | 656,000 | $ 219,000 | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | First West Virginia Bancorp [Member] | |||||
Gains (Losses) on Sales of Other Real Estate | 33,000 | ||||
Other Real Estate, Additions | $ 697,000 |
Note 12 - Fair Value Disclosu_4
Note 12 - Fair Value Disclosure - Assets and Liabilities Reported Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Debt Securities, Available-for-sale | $ 236,004 | $ 225,409 |
Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | 236,004 | 225,409 |
US Government Agencies Debt Securities [Member] | ||
Debt Securities, Available-for-sale | 83,970 | 80,579 |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt Securities, Available-for-sale | 29,529 | 44,601 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale | 119,886 | 97,771 |
Equity Securities - Mutual Funds [Member] | ||
Debt Securities, Available-for-sale | 995 | 968 |
Equity Securities [Member] | ||
Debt Securities, Available-for-sale | 1,624 | 1,490 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | 83,970 | 80,579 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | 29,529 | 44,601 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | 119,886 | 97,771 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities - Mutual Funds [Member] | Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | 995 | 968 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | $ 1,624 | $ 1,490 |
Note 12 - Fair Value Disclosu_5
Note 12 - 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 | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | |
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, Nonrecurring [Member] | |||
Impaired Loans | $ 3,107 | $ 788 | |
OREO | $ 158 | $ 46 | |
[1] | Range includes discounts taken since appraisal and estimated values. |
Note 12 - Fair Value Disclosu_6
Note 12 - Fair Value Disclosure - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Securities available-for-sale, fair value | $ 236,004 | $ 225,409 |
Reported Value Measurement [Member] | ||
Securities available-for-sale, fair value | 236,004 | 225,409 |
Estimate of Fair Value Measurement [Member] | ||
Securities available-for-sale, fair value | 236,004 | 225,409 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Interest Bearing | 21,490 | 36,736 |
Non-Interest Bearing | 22,884 | 16,617 |
Accrued Interest Receivable | 3,779 | 3,436 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Interest Bearing | 21,490 | 36,736 |
Non-Interest Bearing | 22,884 | 16,617 |
Accrued Interest Receivable | 3,779 | 3,436 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Loans, Net | 926,197 | 903,314 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans, Net | 939,083 | 899,673 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Restricted Stock | 3,766 | 3,909 |
Bank-Owned Life Insurance | 23,188 | 22,922 |
Deposits | 1,107,103 | 1,086,658 |
Short-term Borrowings | 27,730 | 30,979 |
Other Borrowed Funds | 17,000 | 20,000 |
Accrued Interest Payable | 887 | 594 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Restricted Stock | 3,766 | 3,909 |
Bank-Owned Life Insurance | 23,188 | 22,922 |
Deposits | 1,110,223 | 1,085,708 |
Short-term Borrowings | 27,730 | 30,979 |
Other Borrowed Funds | 18,647 | 19,733 |
Accrued Interest Payable | $ 887 | $ 594 |
Note 13 - Income Taxes (Details
Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands | Apr. 30, 2018 | Jun. 30, 2019 | Dec. 31, 2018 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | |||
Deferred Tax Assets, Valuation Allowance, Total | [1] | $ 1,311 | $ 1,311 | |
AMT Credit [Member] | ||||
Deferred Tax Assets, Valuation Allowance, Total | $ 1,300 | |||
First West Virginia Bancorp [Member] | ||||
Unrecognized Tax Benefits, Increase Resulting from Acquisition | $ 1,300 | |||
State and Local Jurisdiction [Member] | West Virginia State Tax Department [Member] | ||||
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | 6.50% | |||
[1] | The 100% valuation allowance for AMT tax credit carry-forward acquired in the FWVB merger is due to an unaddressed tax deadline as of June 30, 2019. See below narrative for further explanation. |
Note 13 - Income Taxes - Summar
Note 13 - Income Taxes - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | |
Allowance for Loan Losses | $ 2,091 | $ 2,063 | |
Amortization of Core Deposit Intangible | 1 | ||
Amortization of Intangibles | 77 | 72 | |
Tax Credit Carryforwards | 1,419 | 2,010 | |
Unrealized Loss of AFS - Merger Tax Adjustment | 894 | 894 | |
Postretirement Benefits | 28 | 30 | |
Net Unrealized Loss on Securities | 383 | ||
Passthrough Entities | 2 | 2 | |
Stock-Based Compensation Expense | 44 | 28 | |
Accrued Payroll | 44 | ||
OREO | 49 | 121 | |
Purchase Accounting Adjustments - Acquired Loans | 382 | 413 | |
Deferred Compensation | 55 | ||
Other | 76 | 67 | |
Gross Deferred Tax Assets | 5,062 | 6,183 | |
100% Valuation Allowance - AMT Tax Credit Carryforward | [1] | (1,311) | (1,311) |
Deferred Tax Assets net of Valuation Allowance | 3,751 | 4,872 | |
Deferred Origination Fees and Costs | 300 | 292 | |
Depreciation | 670 | 714 | |
Net Unrealized Gain on Securities | 786 | ||
Mortgage Servicing Rights | 211 | 198 | |
Purchase Accounting Adjustment - Core Deposit Intangible | 2,152 | 2,361 | |
Purchase Accounting Adjustments - Fixed Assets | 305 | 321 | |
Purchase Accounting Adjustments - Certificates of Deposit | 96 | 175 | |
Goodwill | 415 | 412 | |
Gross Deferred Tax Liabilities | 4,935 | 4,473 | |
Net Deferred Tax Liabilities | $ (1,184) | ||
Net Deferred Tax Assets | $ 399 | ||
[1] | The 100% valuation allowance for AMT tax credit carry-forward acquired in the FWVB merger is due to an unaddressed tax deadline as of June 30, 2019. See below narrative for further explanation. |
Note 14 - Other Noninterest E_3
Note 14 - Other Noninterest Expense - Components of Other Noninterest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Other Noninterest Expense | ||||
Non-employee compensation | $ 131 | $ 146 | $ 271 | $ 268 |
Printing and supplies | 96 | 159 | 193 | 267 |
Postage | 61 | 50 | 133 | 108 |
Telephone | 157 | 138 | 299 | 250 |
Charitable contributions | 52 | 10 | 92 | 21 |
Dues and subscriptions | 47 | 61 | 98 | 127 |
Loan expenses | 128 | 113 | 210 | 206 |
Meals and entertainment | 46 | 66 | 101 | 101 |
Travel | 61 | 73 | 97 | 110 |
Training | 13 | 24 | 22 | 37 |
Miscellaneous | 315 | 198 | 598 | 408 |
Total Other Noninterest Expense | $ 1,107 | $ 1,038 | $ 2,114 | $ 1,903 |
Note 15 - Segment and Related_3
Note 15 - Segment and Related Information (Details Textual) | 6 Months Ended |
Jun. 30, 2019 | |
Number of Operating Segments | 2 |
Note 15 - Segment and Related_4
Note 15 - Segment and Related Information - Reconciliation of Financial Data from Segments to Consolidated (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | |
Assets, Total | $ 1,305,188 | $ 1,305,188 | $ 1,281,301 | |||
Liabilities | 1,159,681 | 1,159,681 | 1,143,676 | |||
Stockholders' equity | 145,507 | $ 133,684 | 145,507 | $ 133,684 | 137,625 | $ 93,256 |
Total interest income | 12,669 | 10,690 | 24,965 | 19,397 | ||
Total interest expense | 1,964 | 1,517 | 3,826 | 2,616 | ||
Net interest income | 10,705 | 9,173 | 21,139 | 16,781 | ||
Provision for Loan and Lease Losses, Total | 350 | 600 | 375 | 2,100 | ||
Net interest income after provision for loan losses | 10,355 | 8,573 | 20,764 | 14,681 | ||
Noninterest income | 2,399 | 2,125 | 4,714 | 4,211 | ||
Noninterest expense | 9,031 | 9,494 | 18,112 | 16,161 | ||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 3,723 | 1,204 | 7,366 | 2,731 | ||
Income Tax Expense (Benefit), Total | 744 | 234 | 1,462 | 401 | ||
Net Income (Loss) Attributable to Parent, Total | 2,979 | 970 | 5,904 | 2,330 | ||
Reportable Legal Entities [Member] | Community Bank [ Member] | ||||||
Assets, Total | 1,303,476 | 1,303,476 | 1,278,513 | |||
Liabilities | 1,161,656 | 1,161,656 | 1,144,293 | |||
Stockholders' equity | 141,820 | 141,820 | 134,220 | |||
Total interest income | 12,655 | 10,677 | 24,937 | 19,373 | ||
Total interest expense | 1,964 | 1,517 | 3,826 | 2,616 | ||
Net interest income | 10,691 | 9,160 | 21,111 | 16,757 | ||
Provision for Loan and Lease Losses, Total | 350 | 600 | 375 | 2,100 | ||
Net interest income after provision for loan losses | 10,341 | 8,560 | 20,736 | 14,657 | ||
Noninterest income | 2,303 | 2,074 | 4,610 | 4,177 | ||
Noninterest expense | 9,028 | 8,710 | 18,106 | 15,351 | ||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 3,616 | 1,924 | 7,240 | 3,483 | ||
Income Tax Expense (Benefit), Total | 726 | 363 | 1,442 | 537 | ||
Net Income (Loss) Attributable to Parent, Total | 2,890 | 1,561 | 5,798 | 2,946 | ||
Reportable Legal Entities [Member] | Exchange Underwriters, Inc [Member] | ||||||
Assets, Total | 3,361 | 3,361 | 5,155 | |||
Liabilities | 837 | 837 | 2,445 | |||
Stockholders' equity | 2,524 | 2,524 | 2,710 | |||
Total interest income | ||||||
Total interest expense | ||||||
Net interest income | ||||||
Provision for Loan and Lease Losses, Total | ||||||
Net interest income after provision for loan losses | ||||||
Noninterest income | 1,080 | 878 | 2,229 | 1,806 | ||
Noninterest expense | 909 | 722 | 1,905 | 1,404 | ||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 171 | 156 | 324 | 402 | ||
Income Tax Expense (Benefit), Total | 39 | 36 | 74 | 90 | ||
Net Income (Loss) Attributable to Parent, Total | 132 | 120 | 250 | 312 | ||
Reportable Legal Entities [Member] | CB Financial Services, Inc [Member] | ||||||
Assets, Total | 145,110 | 145,110 | 137,908 | |||
Liabilities | 282 | |||||
Liabilities | (396) | (396) | ||||
Stockholders' equity | 145,506 | 145,506 | 137,626 | |||
Total interest income | 14 | 13 | 28 | 24 | ||
Total interest expense | ||||||
Net interest income | 14 | 13 | 28 | 24 | ||
Provision for Loan and Lease Losses, Total | ||||||
Net interest income after provision for loan losses | 14 | 13 | 28 | 24 | ||
Noninterest income | 96 | 51 | 104 | 34 | ||
Noninterest expense | 3 | 784 | 6 | 810 | ||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | 107 | (720) | 126 | (752) | ||
Income Tax Expense (Benefit), Total | 18 | (129) | 20 | (136) | ||
Net Income (Loss) Attributable to Parent, Total | 89 | (591) | 106 | (616) | ||
Consolidation, Eliminations [Member] | ||||||
Assets, Total | (146,759) | (146,759) | (140,275) | |||
Liabilities | (2,416) | (2,416) | (3,344) | |||
Stockholders' equity | (144,343) | (144,343) | $ (136,931) | |||
Total interest income | ||||||
Total interest expense | ||||||
Net interest income | ||||||
Provision for Loan and Lease Losses, Total | ||||||
Net interest income after provision for loan losses | ||||||
Noninterest income | (1,080) | (878) | (2,229) | (1,806) | ||
Noninterest expense | (909) | (722) | (1,905) | (1,404) | ||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | (171) | (156) | (324) | (402) | ||
Income Tax Expense (Benefit), Total | (39) | (36) | (74) | (90) | ||
Net Income (Loss) Attributable to Parent, Total | $ (132) | $ (120) | $ (250) | $ (312) |