Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 05, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | FIRST US BANCSHARES INC | |
Entity Central Index Key | 717,806 | |
Trading Symbol | fusb | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 6,055,293 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Interim Condensed Consolidated
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 5,701 | $ 7,018 |
Interest-bearing deposits in banks | 27,204 | 16,512 |
Total cash and cash equivalents | 32,905 | 23,530 |
Investment securities available-for-sale, at fair value | 183,858 | 181,910 |
Investment securities held-to-maturity, at amortized cost | 29,639 | 25,904 |
Federal Home Loan Bank stock, at cost | 1,609 | 1,581 |
Loans, net of allowance for loan losses of $4,879 and $4,856, respectively | 317,677 | 322,772 |
Premises and equipment, net | 22,192 | 18,340 |
Cash surrender value of bank-owned life insurance | 14,683 | 14,603 |
Accrued interest receivable | 1,924 | 1,987 |
Other real estate owned | 4,587 | 4,858 |
Other assets | 10,753 | 11,407 |
Total assets | 619,827 | 606,892 |
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
Deposits | 509,078 | 497,556 |
Accrued interest expense | 229 | 241 |
Other liabilities | 7,473 | 7,735 |
Short-term borrowings | 10,750 | 10,119 |
Long-term debt | 15,000 | 15,000 |
Total liabilities | 542,530 | 530,651 |
Commitments and contingencies | ||
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,341,061 and 7,329,060 shares issued, respectively; 6,055,103 and 6,043,102 shares outstanding | 73 | 73 |
Surplus | 10,826 | 10,786 |
Accumulated other comprehensive loss, net of tax | (543) | (1,277) |
Retained earnings | 87,717 | 87,434 |
Less treasury stock: 1,285,958 shares at cost | (20,764) | (20,764) |
Noncontrolling interest | (12) | (11) |
Total shareholders’ equity | 77,297 | 76,241 |
Total liabilities and shareholders’ equity | $ 619,827 | $ 606,892 |
Interim Condensed Consolidated3
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans, allowance for loan losses | $ 4,879 | $ 4,856 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in shares) | 7,341,061 | 7,329,060 |
Common stock, shares outstanding (in shares) | 6,055,103 | 6,043,102 |
Treasury stock, shares (in shares) | 1,285,958 | 1,285,958 |
Interim Condensed Consolidated4
Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Interest income: | ||
Interest and fees on loans | $ 6,496 | $ 6,053 |
Interest on investment securities | 1,014 | 1,143 |
Total interest income | 7,510 | 7,196 |
Interest expense: | ||
Interest on deposits | 528 | 523 |
Interest on borrowings | 63 | 12 |
Total interest expense | 591 | 535 |
Net interest income | 6,919 | 6,661 |
Provision for loan losses | 515 | 167 |
Net interest income after provision for loan losses | 6,404 | 6,494 |
Non-interest income: | ||
Service and other charges on deposit accounts | 464 | 417 |
Credit insurance income | 256 | 152 |
Net gain on sales and prepayments of investment securities | 49 | 2 |
Other income, net | 398 | 418 |
Total non-interest income | 1,167 | 989 |
Non-interest expense: | ||
Salaries and employee benefits | 4,398 | 4,164 |
Net occupancy and equipment | 777 | 769 |
Other real estate/foreclosure expense, net | 84 | 117 |
Other expense | 1,778 | 2,016 |
Total non-interest expense | 7,037 | 7,066 |
Income before income taxes | 534 | 417 |
Provision for income taxes | 130 | 100 |
Net income | $ 404 | $ 317 |
Basic net income per share (in dollars per share) | $ 0.07 | $ 0.05 |
Diluted net income per share (in dollars per share) | 0.06 | 0.05 |
Dividends per share (in dollars per share) | $ 0.02 | $ 0.02 |
Interim Condensed Consolidated5
Interim Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net income | $ 404 | $ 317 |
Other comprehensive income: | ||
Unrealized holding gains on securities available-for-sale arising during period, net of tax expense of $424 and $238, respectively | 757 | 410 |
Reclassification adjustment for net gains on securities available-for-sale realized in net income, net of tax of $18 and $0, respectively | (31) | |
Unrealized holding gains arising during the period on effective cash flow hedge derivatives, net of tax expense of $4 and $0, respectively | 8 | |
Other comprehensive income | 734 | 410 |
Total comprehensive income | $ 1,138 | $ 727 |
Interim Condensed Consolidated6
Interim Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Unrealized holding (loss) gain on available for sale securities arising during the period on securities held at end of period, tax | $ 424 | $ 238 |
Tax on reclassification adjustment for net gains on securities available-for-sale realized in net income | 18 | 0 |
Unrealized holding gains arising during the period on effective cash flow hedge derivatives, tax | $ 4 | $ 0 |
Interim Condensed Consolidated7
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash flows from operating activities: | ||
Net income | $ 404 | $ 317 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Depreciation and amortization | 242 | 232 |
Provision for loan losses | 515 | 167 |
Deferred income tax provision | 128 | 97 |
Net gain on sale and prepayment of investment securities | (49) | (2) |
Stock-based compensation expense | 79 | 91 |
Net amortization of securities | (313) | (412) |
Net loss on premises and equipment and other real estate | 80 | 125 |
Changes in assets and liabilities: | ||
Decrease in accrued interest receivable | 63 | 77 |
Decrease (increase) in other assets | (28) | 67 |
Decrease in accrued interest expense | (12) | (1) |
Decrease in other liabilities | (262) | (267) |
Net cash provided by operating activities | 1,473 | 1,315 |
Cash flows from investing activities: | ||
Net increase in federal funds sold | (3,000) | |
Purchases of investment securities, available-for-sale | (15,254) | (11,912) |
Purchases of investment securities, held-to-maturity | (4,696) | (2,751) |
Proceeds from maturities and prepayments of investment securities, available-for-sale | 14,228 | 11,546 |
Proceeds from maturities and prepayments of investment securities, held-to-maturity | 925 | 3,091 |
Net decrease (increase) in Federal Home Loan Bank stock | (28) | 295 |
Proceeds from the sale of premises and equipment and other real estate | 424 | 810 |
Net change in loan portfolio | 4,397 | (9,001) |
Purchases of premises and equipment | (4,087) | (3,229) |
Net cash used in investing activities | (4,091) | (14,151) |
Cash flows from financing activities: | ||
Net increase in customer deposits | 11,522 | 6,279 |
Increase in short-term borrowings | 631 | 92 |
Repayment of long-term Federal Home Loan Bank advances | (7,000) | |
Net share-based compensation transactions | (39) | |
Dividends paid | (121) | (121) |
Net cash provided by (used in) financing activities | 11,993 | (750) |
Net increase (decrease) in cash and cash equivalents | 9,375 | (13,586) |
Cash and cash equivalents, beginning of period | 23,530 | 44,072 |
Cash and cash equivalents, end of period | 32,905 | 30,486 |
Cash paid for: | ||
Interest | 603 | 536 |
Non-cash transactions: | ||
Assets acquired in settlement of loans | $ 183 | $ 291 |
Note 1 - General
Note 1 - General | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. GENERAL The accompanying unaudited interim condensed consolidated financial statements include the accounts of First US Bancshares, Inc. (“Bancshares”) and its subsidiaries (collectively, the “Company”). Bancshares is the parent holding company of First US Bank (the “Bank”). The Bank operates a finance company subsidiary, Acceptance Loan Company, Inc. (“ALC”). Management has determined that the Bank and ALC comprise Bancshares' two The unaudited interim condensed consolidated financial statements, in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company's consolidated financial position, results of operations and cash flows for the periods presented. Such adjustments are of a normal, recurring nature. The results of operations for any interim period are not necessarily indicative of results expected for the fiscal year ending December 31, 2017 . While certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), management believes that the disclosures herein are adequate to make the information presented not misleading. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10 December 31, 2016. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. BASIS OF PRESENTATION Summary of Significant Accounting Policies Certain significant accounting policies followed by the Company are set forth in Note 2, 10 December 31, 2016. Net Income Per Share and Comprehensive Income Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Included in basic shares are certain shares that have been accrued as of the balance sheet date as deferred compensation for members of Bancshares’ Board of Directors. Diluted net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding, adjusted for the effect of potentially dilutive stock awards outstanding during the period. The dilutive shares consist of nonqualified stock option grants issued to employees and members of Bancshares’ Board of Directors pursuant to Bancshares’ 2013 “2013 Three Months Ended March 31, 2017 2016 Basic shares 6,158,399 6,143,267 Dilutive shares 320,500 272,550 Diluted shares 6,478,899 6,415,817 Three Months Ended March 31, 2017 2016 (Dollars in Thousands, Except Per Share Data) Net income $ 404 $ 317 Basic net income per share $ 0.07 $ 0.05 Diluted net income per share $ 0.06 $ 0.05 Comprehensive income consists of net income, as well as unrealized gains and losses that arise during the period associated with the Company’ s available-for-sale securities portfolio and the effective portion of cash flow hedge derivatives. In the calculation of comprehensive income, reclassification adjustments are made for gains or losses realized in the statement of operations associated with the sale of available-for-sale securities or changes in the fair value of cash flow derivatives. Accounting Policies Recently Adopted and Pending Accounting Pronouncements Accounting Standards Update (“ ASU”) 2016 13, .” Issued in June 2016, 2016 13 2016 13 2016 13 December 15, 2019. first ASU 2016 09, Compensation-Stock Compensation (Topic 718) Issued in March 2016, 2016 09 (1) (2) (3) (4) (5) (6) (7) 2016 09 January 1, 2017. 2016 09 ASU 2016 05, Derivatives and Hedging (Topic 815): Issued in March 2016, 2016 05 815 2016 05 January 1, 2017. 2016 05 ASU 2016 02, Leases (Topic 842).” Issued in February 2016, 2016 02 2016 02 12 2016 02, 2016 02 December 15, 2018. ASU 2016 01, Financial Instruments - Overall (Subtopic 825 10): 825).” Issued in January 2016, 2016 01 2016 01 2016 01 December 15, 2017. ASU 2014 09, Revenue from Contracts with Customers (Topic 606 ).” Issued in May 2014, 2014 09 FASB ASC Topic 606, FASB ASC Topic 605, FASB ASC Topic 605 35, 2014 09 ASU 2015 14 “Revenue from Contracts with Customers (Topic 606) August 2015, 2014 09 one 2015 14 2014 09 December 15, 2017. December 15, 2016, 2014 09 |
Note 3 - Investment Securities
Note 3 - Investment Securities | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 3. INVESTMENT SECURITIES Details of investment securities available-for-sale and held-to-maturity as of March 31, 2017 December 31, 2016 Available-for-Sale March 31 , 201 7 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 97,003 $ 434 $ (938 ) $ 96,499 Commercial 77,606 51 (1,156 ) 76,501 Obligations of states and political subdivisions 7,637 395 (8 ) 8,024 Obligations of U.S. government-sponsored agencies 2,000 4 — 2,004 Corporate notes 750 — — 750 U.S. Treasury securities 80 — — 80 Total $ 185,076 $ 884 $ (2,102 ) $ 183,858 Held-to-Maturity March 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 17,880 $ 7 $ (132 ) $ 17,755 Obligations of U.S. government-sponsored agencies 9,715 12 (152 ) 9,575 Obligations of states and political subdivisions 2,044 6 (22 ) 2,028 Total $ 29,639 $ 25 $ (306 ) $ 29,358 Available-for-Sale December 31, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 99,922 $ 490 $ (2,003 ) $ 98,409 Commercial 71,761 56 (1,287 ) 70,530 Obligations of states and political subdivisions 9,759 390 (7 ) 10,142 Obligations of U.S. government-sponsored agencies 2,000 — (7 ) 1,993 Corporate notes 756 — — 756 U.S. Treasury securities 80 — — 80 Total $ 184,278 $ 936 $ (3,304 ) $ 181,910 Held-to-Maturity December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 14,684 $ 5 $ (148 ) $ 14,541 Obligations of U.S. government-sponsored agencies 9,129 13 (222 ) 8,920 Obligations of states and political subdivisions 2,091 2 (46 ) 2,047 Total $ 25,904 $ 20 $ (416 ) $ 25,508 The scheduled maturities of investment securities available-for-sale and held-to-maturity as of March 31, 2017 Available-for-Sale Held-to-Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (Dollars in Thousands) Maturing within one year $ 1,089 $ 1,093 $ — $ — Maturing after one to five years 6,172 6,245 2,289 2,303 Maturing after five to ten years 82,184 81,875 2,913 2,876 Maturing after ten years 95,631 94,645 24,437 24,179 Total $ 185,076 $ 183,858 $ 29,639 $ 29,358 For purposes of the maturity table, mortgage-backed securities, which are not due at a single maturity date, have been allocated over maturity groupings based on the weighted-average contractual maturities of underlying collateral. The mortgage-backed securities generally mature earlier than their weighted-average contractual maturities because of principal prepayments. The following table reflects gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of March 31, 2017 December 31, 2016. Available-for-Sale March 31 , 201 7 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 75,284 $ (917 ) $ 1,729 $ (21 ) Commercial 48,106 (807 ) 18,066 (349 ) Obligations of states and political subdivisions 847 (8 ) — — U.S. Treasury securities 80 — — — Total $ 124,317 $ (1,732 ) $ 19,795 $ (370 ) Held-to-Maturity March 31 , 2017 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Commercial $ 13,030 $ (132 ) $ — $ — Obligations of U.S. government-sponsored agencies 8,618 (152 ) — — Obligations of states and political subdivisions 1,056 (15 ) 549 (7 ) Total $ 22,704 $ (299 ) $ 549 $ (7 ) Available-for-Sale December 31, 201 6 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 85,741 $ (1,976 ) $ 1,904 $ (27 ) Commercial 54,475 (946 ) 10,721 (341 ) Obligations of U.S. government-sponsored agencies 1,993 (7 ) — — Obligations of states and political subdivisions 434 (7 ) — — U.S. Treasury securities 80 — — — Total $ 142,723 $ (2,936 ) $ 12,625 $ (368 ) Held-to-Maturity December 31, 2016 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Commercial $ 12,776 $ (148 ) $ — $ — Obligations of U.S. government-sponsored agencies 7,957 (222 ) — — Obligations of states and political subdivisions 1,628 (46 ) — — Total $ 22,361 $ (416 ) $ — $ — Management evaluates securities for other-than-temporary impairment no less frequently than quarterly and more frequently when economic or market concerns warrant such evaluation. Consideration is given to: (i) the length of time and the extent to which fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, (iii) whether the Company intends to sell securities, and (iv) whether it is more likely than not that the Company will be required to sell the securities before recovery of their amortized cost bases. As of March 31, 2017, 18 12 126 12 December 31, 2016, 13 12 130 12 March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016. Investment securities available-for-sale with a carrying value of $95.2 million and $87.7 March 31, 2017 December 31, 2016, No three March 31, 2017, $0.05 three March 31, 2017. $0.6 December 31, 2016. three March 31, 2017 December 31, 2016. |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. LOANS AND ALLOWANCE FOR LOAN LOSSES Portfolio Segments: The Company has divided the loan portfolio into eight Construction, land development and other land loans – Commercial construction, land and land development loans include the development of residential housing projects, loans for the development of commercial and industrial use property and loans for the purchase and improvement of raw land. These loans are secured in whole or in part by the underlying real estate collateral and are generally guaranteed by the principals of the borrowing entity. Secured by 1 4 one four may first second Secured by multi-family residential properties – This portfolio segment includes mortgage loans secured by apartment buildings. Secured by non-farm, non-residential properties – This portfolio segment includes real estate loans secured by commercial and industrial properties, office or mixed-use facilities, strip shopping centers or other commercial property. These loans are generally guaranteed by the principals of the borrowing entity. Other real estate loans – Other real estate loans are loans primarily for agricultural production, secured by mortgages on farm land. Commercial and industrial loans – This portfolio segment includes loans to commercial customers for use in the normal course of business. These credits may Consumer loans – This portfolio segment includes a variety of secured and unsecured personal loans, including automobile loans, loans for household and personal purposes and all other direct consumer installment loans. Indirect Sales – This portfolio segment includes loans secured by collateral that is purchased by consumers at retail stores with whom ALC has an established relationship to provide financing for the retail products sold if applicable underwriting standards are met. As of March 31, 2017 December 31, 2016, March 31 , 201 7 Bank ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 25,853 $ — $ 25,853 Secured by 1-4 family residential properties 32,535 12,993 45,528 Secured by multi-family residential properties 16,464 — 16,464 Secured by non-farm, non-residential properties 97,294 — 97,294 Other 230 — 230 Commercial and industrial loans 57,253 — 57,253 Consumer loans: Consumer 6,057 32,892 38,949 Indirect sales — 47,196 47,196 Total loans 235,686 93,081 328,767 Less: Unearned interest, fees and deferred cost 249 5,962 6,211 Allowance for loan losses 2,521 2,358 4,879 Net loans $ 232,916 $ 84,761 $ 317,677 December 31, 2016 Bank ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 23,772 $ — $ 23,772 Secured by 1-4 family residential properties 32,955 13,724 46,679 Secured by multi-family residential properties 16,627 — 16,627 Secured by non-farm, non-residential properties 102,112 — 102,112 Other 234 — 234 Commercial and industrial loans 57,963 — 57,963 Consumer loans: Consumer 6,206 36,413 42,619 Indirect sales — 44,775 44,775 Total loans 239,869 94,912 334,781 Less: Unearned interest, fees and deferred cost 218 6,935 7,153 Allowance for loan losses 2,409 2,447 4,856 Net loans $ 237,242 $ 85,530 $ 322,772 The Company makes commercial, real estate and installment loans to its customers. Although the Company has a diversified loan portfolio, 56.4% 56.6% March 31, 2017 December 31, 2016, Related Party Loans: In the ordinary course of business, the Bank makes loans to certain officers and directors of the Company, including companies with which they are associated. These loans are made on the same terms as those prevailing for comparable transactions with non-related parties. Management believes that such loans do not represent more than a normal risk of collectability, nor do they present other unfavorable features. The aggregate balances of such related party loans and commitments as of both March 31, 2017 December 31, 2016 $2.7 three March 31, 2017, $35 December 31, 2016, one $0.1 Allowance for Loan Losses: The following tables present changes in the allowance for loan losses and the related loan balances by loan portfolio segment and loan type as of March 31, 2017 December 31, 2016: Bank Three M onths Ended March 31 , 201 7 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 535 $ 304 $ 88 $ 903 $ 2 $ 527 $ 50 $ — $ 2,409 Charge-offs — — — — — — (2 ) — (2 ) Recoveries — 31 — 66 — 4 13 — 114 Provision 71 (52 ) 27 (186 ) — 157 (17 ) — — Ending balance $ 606 $ 283 $ 115 $ 783 $ 2 $ 688 $ 44 $ — $ 2,521 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 422 $ 5 $ — $ 102 $ — $ 45 $ — $ — $ 574 Collectively evaluated for impairment 184 278 115 681 2 643 44 — 1,947 Total allowance for loan losses $ 606 $ 283 $ 115 $ 783 $ 2 $ 688 $ 44 $ — $ 2,521 Ending balance of loans receivable: Individually evaluated for impairment $ 1,361 $ 191 $ — $ 542 $ — $ 70 $ — $ — $ 2,164 Collectively evaluated for impairment 24,492 32,344 16,464 96,752 230 57,183 6,057 — 233,522 Total loans receivable $ 25,853 $ 32,535 $ 16,464 $ 97,294 $ 230 $ 57,253 $ 6,057 $ — $ 235,686 ALC Three Months Ended March 31, 2017 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ — $ 107 $ — $ — $ — $ — $ 1,717 $ 623 $ 2,447 Charge-offs — (13 ) — — — — (658 ) (135 ) (806 ) Recoveries — 15 — — — — 137 50 202 Provision — (33 ) — — — — 470 78 515 Ending balance $ — $ 76 $ — $ — $ — $ — $ 1,666 $ 616 $ 2,358 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 76 — — — — 1,666 616 2,358 Total allowance for loan losses $ — $ 76 $ — $ — $ — $ — $ 1,666 $ 616 $ 2,358 Ending balance of loans receivable: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 12,993 — — — — 32,892 47,196 93,081 Total loans receivable $ — $ 12,993 $ — $ — $ — $ — $ 32,892 $ 47,196 $ 93,081 Bank and ALC Three Months Ended March 31, 2017 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 535 $ 411 $ 88 $ 903 $ 2 $ 527 $ 1,767 $ 623 $ 4,856 Charge-offs — (13 ) — — — — (660 ) (135 ) (808 ) Recoveries — 46 — 66 — 4 150 50 316 Provision 71 (85 ) 27 (186 ) — 157 453 78 515 Ending balance $ 606 $ 359 $ 115 $ 783 $ 2 $ 688 $ 1,710 $ 616 $ 4,879 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 422 $ 5 $ — $ 102 $ — $ 45 $ — $ — $ 574 Collectively evaluated for impairment 184 354 115 681 2 643 1,710 616 4,305 Total allowance for loan losses $ 606 $ 359 $ 115 $ 783 $ 2 $ 688 $ 1,710 $ 616 $ 4,879 Ending balance of loans receivable: Individually evaluated for impairment $ 1,361 $ 191 $ — $ 542 $ — $ 70 $ — $ — $ 2,164 Collectively evaluated for impairment 24,492 45,337 16,464 96,752 230 57,183 38,949 47,196 326,603 Total loans receivable $ 25,853 $ 45,528 $ 16,464 $ 97,294 $ 230 $ 57,253 $ 38,949 $ 47,196 $ 328,767 Bank Year Ended December 31, 2016 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 110 $ 138 $ 29 $ 351 $ 1 $ 659 $ 41 $ — $ 1,329 Charge-offs — (66 ) — (40 ) — (2 ) (43 ) — (151 ) Recoveries 200 23 — — — 73 50 — 346 Provision 225 209 59 592 1 (203 ) 2 — 885 Ending balance $ 535 $ 304 $ 88 $ 903 $ 2 $ 527 $ 50 $ — $ 2,409 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 423 $ 5 $ — $ 107 $ — $ — $ — $ — $ 535 Collectively evaluated for impairment 112 299 88 796 2 527 50 — 1,874 Total allowance for loan losses $ 535 $ 304 $ 88 $ 903 $ 2 $ 527 $ 50 $ — $ 2,409 Loan receivables: Individually evaluated for impairment $ 1,361 $ 193 $ — $ 549 $ — $ — $ — $ — $ 2,103 Collectively evaluated for impairment 22,411 32,762 16,627 101,563 234 57,963 6,206 — 237,766 Total loans receivable $ 23,772 $ 32,955 $ 16,627 $ 102,112 $ 234 $ 57,963 $ 6,206 $ — $ 239,869 ALC Year Ended December 31, 2016 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ — $ 250 $ — $ — $ — $ — $ 1,584 $ 618 $ 2,452 Charge-offs — (56 ) — — — — (2,218 ) (752 ) (3,026 ) Recoveries — 39 — — — — 451 220 710 Provision — (126 ) — — — — 1,900 537 2,311 Ending balance $ — $ 107 $ — $ — $ — $ — $ 1,717 $ 623 $ 2,447 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 107 — — — — 1,717 623 2,447 Total allowance for loan losses $ — $ 107 $ — $ — $ — $ — $ 1,717 $ 623 $ 2,447 Ending balance of loans receivable: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 13,724 — — — — 36,413 44,775 94,912 Total loans receivable $ — $ 13,724 $ — $ — $ — $ — $ 36,413 $ 44,775 $ 94,912 Bank and ALC Year Ended December 31, 2016 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 110 $ 388 $ 29 $ 351 $ 1 $ 659 $ 1,625 $ 618 $ 3,781 Charge-offs — (122 ) — (40 ) — (2 ) (2,261 ) (752 ) (3,177 ) Recoveries 200 62 — — — 73 501 220 1,056 Provision 225 83 59 592 1 (203 ) 1,902 537 3,196 Ending balance $ 535 $ 411 $ 88 $ 903 $ 2 $ 527 $ 1,767 $ 623 $ 4,856 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 423 $ 5 $ — $ 107 $ — $ — $ — $ — $ 535 Collectively evaluated for impairment 112 406 88 796 2 527 1,767 623 4,321 Total allowance for loan losses $ 535 $ 411 $ 88 $ 903 $ 2 $ 527 $ 1,767 $ 623 $ 4,856 Loan receivables: Individually evaluated for impairment $ 1,361 $ 193 $ — $ 549 $ — $ — $ — $ — $ 2,103 Collectively evaluated for impairment 22,411 46,486 16,627 101,563 234 57,963 42,619 44,775 332,678 Total loans receivable $ 23,772 $ 46,679 $ 16,627 $ 102,112 $ 234 $ 57,963 $ 42,619 $ 44,775 $ 334,781 Credit Quality Indicators: The Bank utilizes a credit grading system that provides a uniform framework for establishing and monitoring credit risk in the loan portfolio. Under this system, each loan is graded, based on pre-determined risk metrics, and categorized into one nine ● Pass (Risk Grades 1 5): in which the probability of default is considered low. ● Special Mention (Risk Grade 6): Loans in this category exhibit potential credit weaknesses or downward trends deserving Bank management’s close attention. If left uncorrected, these potential weaknesses may ● Substandard (Risk Grade 7): Loans in this category have defined weaknesses that jeopardize the orderly liquidation of debt. A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Normal repayment from the borrower is in jeopardy, although no loss of principal is envisioned. There is a distinct possibility that a partial loss of interest and/or principal will occur if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified as substandard. ● Doubtful (Risk Grade 8): Loans classified as doubtful have all of the weaknesses found in substandard loans, with the added characteristic that the weaknesses make collection of debt in full, based on currently existing facts, conditions and values, highly questionable or improbable. Serious problems exist such that partial loss of principal is likely; however, because of certain important, reasonably specific pending factors that may may may may ● Loss (Risk Grade 9): Loans are classified in this category when borrowers are deemed incapable of repayment of unsecured debt. Loans to such borrowers are considered uncollectable and of such little value that continuance as active assets of the Bank is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not prudent to defer writing off these worthless assets, even though partial recovery may At ALC, because the loan portfolio is more uniform in nature, each loan is categorized into one two a contractual agreement. Nonperforming loans are loans that have demonstrated characteristics that indicate a probability of loss. The tables below illustrate the carrying amount of loans by credit quality indicator as of March 31, 2017. Bank Pass 1-5 Special Mention 6 Substandard 7 Doubtful 8 Total (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 24,323 $ — $ 1,530 $ — $ 25,853 Secured by 1-4 family residential properties 31,552 207 776 — 32,535 Secured by multi-family residential properties 16,464 — — — 16,464 Secured by non-farm, non-residential properties 94,324 2,281 689 — 97,294 Other 230 — — — 230 Commercial and industrial loans 54,816 2,187 250 — 57,253 Consumer loans 6,057 — — — 6,057 Other loans — — — — — Total $ 227,766 $ 4,675 $ 3,245 $ — $ 235,686 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 12,744 $ 249 $ 12,993 Consumer loans: Consumer 31,994 898 32,892 Indirect sales 46,701 495 47,196 Total $ 91,439 $ 1,642 $ 93,081 The tables below illustrate the carrying amount of loans by credit quality indicator as of December 31, 2016. Bank Pass 1-5 Special Mention 6 Substandard 7 Doubtful 8 Total (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 22,240 $ — $ 1,532 $ — $ 23,772 Secured by 1-4 family residential properties 31,995 213 747 — 32,955 Secured by multi-family residential properties 16,627 — — — 16,627 Secured by non-farm, non-residential properties 99,082 2,315 715 — 102,112 Other 234 — — — 234 Commercial and industrial loans 55,481 2,227 255 — 57,963 Consumer loans 6,126 — 80 — 6,206 Total $ 231,785 $ 4,755 $ 3,329 $ — $ 239,869 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 13,507 $ 217 $ 13,724 Consumer loans: Consumer 35,278 1,135 36,413 Indirect sales 44,228 547 44,775 Total $ 93,013 $ 1,899 $ 94,912 The following tables provide an aging analysis of past due loans by class as of March 31, 2017. Bank As of March 31 , 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — $ 86 $ 86 $ 25,767 $ 25,853 $ — Secured by 1-4 family residential properties 197 — 191 388 32,147 32,535 — Secured by multi-family residential properties — — — — 16,464 16,464 — Secured by non-farm, non-residential properties — — — — 97,294 97,294 — Other — — — — 230 230 — Commercial and industrial loans — 6 15 21 57,232 57,253 — Consumer loans 61 26 — 87 5,970 6,057 — Total $ 258 $ 32 $ 292 $ 582 $ 235,104 $ 235,686 $ — ALC As of March 31 , 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — $ — $ — $ — $ — $ — Secured by 1-4 family residential properties 47 1 242 290 12,703 12,993 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans: Consumer 434 336 889 1,659 31,233 32,892 — Indirect sales 136 146 459 741 46,455 47,196 — Total $ 617 $ 483 $ 1,590 $ 2,690 $ 90,391 $ 93,081 $ — The following tables provide an aging analysis of past due loans by class as of December 31, 201 6. Bank As of December 31, 201 6 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — $ 86 $ 86 $ 23,686 $ 23,772 $ — Secured by 1-4 family residential properties 164 69 145 378 32,577 32,955 — Secured by multi-family residential properties — — — — 16,627 16,627 — Secured by non-farm, non-residential properties 762 — — 762 101,350 102,112 — Other — — — — 234 234 — Commercial and industrial loans — — 14 14 57,949 57,963 — Consumer loans — 28 — 28 6,178 6,206 — Total $ 926 $ 97 $ 245 $ 1,268 $ 238,601 $ 239,869 $ — ALC As of December 31, 201 6 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — $ — $ — $ — $ — $ — Secured by 1-4 family residential properties 61 29 213 303 13,421 13,724 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans: Consumer 441 413 1,104 1,958 34,455 36,413 — Indirect sales 191 139 489 819 43,956 44,775 — Total $ 693 $ 581 $ 1,806 $ 3,080 $ 91,832 $ 94,912 $ — The following table provides an analysis of non-accruing loans by class as of March 31, 2017 December 31, 2016. Loans on Non-Accrual Status March 31 , 2017 December 31, 201 6 (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 86 $ 86 Secured by 1-4 family residential properties 623 570 Secured by multi-family residential properties — — Secured by non-farm, non-residential properties 39 53 Commercial and industrial loans 31 32 Consumer loans 1,426 1,676 Total loans $ 2,205 $ 2,417 Impaired Loans: A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the related loan agreement. If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported at the present value of estimated future cash flows using the loan ’s existing rate or at the fair value of collateral if repayment is expected solely from the liquidation of the collateral at the Bank. At management's discretion, additional loans may may $0.1 $0.5 seven As of March 31, 2017, March 31 , 201 7 Impaired loans with no related allowance recorded Carrying Amount Unpaid Principal Balance Related Allowances (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties — — — Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties — — — Commercial and industrial — — — Total loans with no related allowance recorded $ — $ — $ — Impaired loans with an allowance recorded Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 1,361 $ 422 Secured by 1-4 family residential properties 191 191 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 542 542 102 Commercial and industrial 70 70 45 Total loans with an allowance recorded $ 2,164 $ 2,164 $ 574 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 1,361 $ 422 Secured by 1-4 family residential properties 191 191 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 542 542 102 Commercial and industrial 70 70 45 Total impaired loans $ 2,164 $ 2,164 $ 574 As of December 31, 2016, December 31, 2016 Impaired loans with no related allowance recorded Carrying Amount Unpaid Principal Balance Related Allowances (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties — — — Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties — — — Commercial and industrial — — — Total loans with no related allowance recorded $ — $ — $ — Impaired loans with an allowance recorded Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 1,361 $ 423 Secured by 1-4 family residential properties 193 193 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 549 549 107 Commercial and industrial — — — Total loans with an allowance recorded $ 2,103 $ 2,103 $ 535 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 1,361 $ 423 Secured by 1-4 family residential properties 193 193 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 549 549 107 Commercial and industrial — — — Total impaired loans $ 2,103 $ 2,103 $ 535 The average net investment in impaired loans and interest income recognized and received on impaired loans as of the three March 31, 2017 December 31, 2016 March 31 , 2017 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 10 $ 10 Secured by 1-4 family residential properties 193 4 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 542 8 5 Commercial and industrial 23 3 2 Total $ 2,119 $ 25 $ 22 December 31, 201 6 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 1,381 $ 41 $ 39 Secured by 1-4 family residential properties 232 14 14 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 557 33 31 Commercial and industrial — — — Total $ 2,170 $ 88 $ 84 Loans on which the accrual of interest has been discontinued amounted to $2.2 million and $2.4 March 31, 2017 December 31, 2016, $9 $35 March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016 $1 $4 Troubled Debt Restructurings: Troubled debt restructurings include loans with respect to which concessions have been granted to borrowers that generally would not have otherwise been considered had the borrowers not been experiencing financial difficulty. The concessions granted may s of note structure, principal balance reductions or some combination of these concessions. There were no loans modified with concessions granted during the three March 31, 2017. may six March 31, 2017 December 31, 2016, $0.2 $0.1 three March 31, 2017, December 31, 2016, $0.3 The following table provides the number of loans remaining in each loan category, as of March 31, 2017 December 31, 2016 March 31 , 2017 December 31, 2016 Number of Loans Pre- Modification Outstanding Principal Balance Post- Modification Principal Balance Number of Loans Pre- Modification Outstanding Principal Balance Post- Modification Principal Balance (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans 2 $ 1,960 $ 1,363 2 $ 1,960 $ 1,286 Secured by 1-4 family residential properties 3 318 246 3 318 249 Secured by non-farm, non-residential properties 1 53 40 1 53 41 Commercial loans 2 116 87 2 116 88 Total 8 $ 2,447 $ 1,736 8 $ 2,447 $ 1,664 For those loans as of March 31, 2017 December 31, 2016 Restructured loan modifications primarily included maturity date extensions and payment schedule modifications. There were no modifications to principal balances of the loans that were restructured. Accordingly, there was no impact on the Company ’s allowance for loan losses resulting from the modifications. All loans with a principal balance of $0.5 $9 March 31, 2017 $15 December 31, 2016, |
Note 5 - Other Real Estate Owne
Note 5 - Other Real Estate Owned | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | 5. OTHER REAL ESTATE OWNED Other real estate and certain other assets acquired in foreclosure are reported at the lower of the investment in the loan or the fair value of the property, less estimated costs to sell. The following table summarizes foreclosed property activity as of the three March 31, 2017 2016: March 31 , 2017 Bank ALC Total (Dollars in Thousands) Beginning balance $ 4,353 $ 505 $ 4,858 Transfers from loans — 20 20 Sales proceeds (204 ) (84 ) (288 ) Gross gains 13 — 13 Gross losses (1 ) (15 ) (16 ) Net gains (losses) 12 (15 ) (3 ) Impairment — — — Ending balance $ 4,161 $ 426 $ 4,587 March 31 , 2016 Bank ALC Total (Dollars in Thousands) Beginning balance $ 5,327 $ 711 $ 6,038 Transfers from loans — 18 18 Sales proceeds (609 ) (77 ) (686 ) Gross gains — 25 25 Gross losses (16 ) — (16 ) Net gains (losses) (16 ) 25 9 Impairment — (23 ) (23 ) Ending balance $ 4,702 $ 654 $ 5,356 Valuation adjustments are recorded in other non-interest expense and are primarily post-foreclosure write-downs that are a result of continued declining property values based on updated appraisals or other indications of value, such as offers to purchase. Fair value less estimated cost to sell of foreclosed residential real estate held by the Company was $0.8 $1.2 March 31, 2017 2016, $0.1 $0.3 March 31, 2017 2016, |
Note 6 - Investment in Limited
Note 6 - Investment in Limited Partnership | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Variable Interest Entity Disclosure [Text Block] | 6. INVESTMENT IN LIMITED PARTNERSHIP The Bank holds an investment in an affordable housing project for which it provides funding as a limited partner and has received tax credits related to its investment in the project based on its partnership share. The net assets of the partnership consist primarily of apartment complexes , and the primary liabilities consist of those associated with the operation of the partnership. The Company has determined that this investment requires consolidation as a variable interest entity under ASC Topic 810, 99.9% $0.1 March 31, 2017 December 31, 2016. |
Note 7 - Short-term Borrowings
Note 7 - Short-term Borrowings | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Short-term Debt [Text Block] | 7. SHORT-TERM BORROWINGS Short-term borrowings consist of federal funds purchased, securities sold under repurchase agreements, and short-term Federal Home Loan Bank (“FHLB”) advances with original maturities of one $10.8 $10.1 March 31, 2017 December 31, 2016, Federal funds purchased, which represent unsecured lines of credit that generally mature within one four March 31, 2017 December 31, 2016, no $18.8 Securities sold under repurchase agreements, which are secured borrowings, generally are reflected at the amount of cash received in connection with the transaction. The Bank may March 31, 2017 December 31, 2016 $0.8 $0.1 Short-term FHLB advances are secured borrowings available to the Bank as an alternative funding source. As of both March 31, 2017 December 31, 2016, $10.0 one |
Note 8 - Long-term Debt
Note 8 - Long-term Debt | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | 8. LONG-TERM DEBT The Company uses FHLB advances as an alternative to funding sources with similar maturities, such as certificates of deposit or other deposit programs. These advances generally offer more attractive rates than other mid-term financing options. They are also flexible, allowing the Company to quickly obtain the necessary maturities and rates that best suit its overall asset/liability strategy. FHLB advances with an original maturity of more than one $15.0 March 31, 2017 December 31, 2016. Assets pledged associated with FHLB advances totaled $26.1 $28.0 March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016, $157.0 $155.0 |
Note 9 - Income Taxes
Note 9 - Income Taxes | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 9. INCOME TAXES The provision for income taxes was $0.1 three March 31, 2017 2016. 24.3% 24.0% The Company had a net deferred tax asset of $8.2 million and $8.7 March 31, 2017 December 31, 2016, |
Note 10 - Deferred Compensation
Note 10 - Deferred Compensation Plans | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | 10. DEFERRED COMPENSATION PLANS The Bank has entered into supplemental retirement compensation benefits agreements with certain directors and executive officers. The measurement of the liability under these agreements includes estimates involving life expectancy, length of time before retirement and the expected returns on the bank-owned life insurance policies used to fund those agreements. Should these estimates prove materially wrong, the cost of these agreements could change accordingly. The related deferred compensation obligation to these directors and executive officers included in other liabilities was $3.5 March 31, 2017 December 31, 2016. Non-employee directors may portion of their Bancshares and Bank director fees under Bancshares’ Non-Employee Directors’ Deferred Compensation Plan (the “Deferral Plan”). The Deferral Plan, which was ratified by shareholders at the annual meeting held on May 11, 2004, |
Note 11 - Stock Awards
Note 11 - Stock Awards | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 11. STOCK AWARDS In accordance with the Company ’s 2013 may $0.1 three March 31, 2017 2016. Stock Options The stock option awards were granted with an exercise price equal to the market price of the Company’s common stock on the date of the grant and have vesting periods ranging from one three 10 The Company recognizes the cost of services received in exchange for stock option awards based on the grant date fair value of the award, with compensation expense recognized on a straight-line b asis over the award’s vesting period. The fair value of outstanding awards was determined using the Black-Scholes option pricing model based on the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock. 2017 2016 Risk-free interest rate 2.23 % 1.58 % Expected term 7.5 years 7.5 years Expected stock price volatility 25.36 % 25.25 % Dividend yield 1.50 % 1.50 % The following table summarizes the Company's stock option activity for the periods presented. Three Months Ended March 31 , 2017 March 31 , 2016 Number of Shares Average Exercise Price Number of Shares Average Exercise Price Options: Outstanding, beginning of period 272,550 $ 8.21 175,550 $ 8.17 Granted 64,600 14.11 97,000 8.30 Exercised 16,650 8.15 — — Expired — — — — Forfeited — — — — Options outstanding, end of period 320,500 $ 9.41 272,550 $ 8.21 Options exercisable, end of period 210,633 $ 8.20 175,550 $ 8.17 The aggregate intrinsic value of stock options outstanding (calculated as the amount by which the market value of underlying stock exceeds the exercise price of the option) was approximately $0.7 $0.1 March 31, 2017 2016, Restricted Stock During the first three 2017, 7,533 one three first three 2016. |
Note 12 - Derivative Financial
Note 12 - Derivative Financial Instruments | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 12. DERIVATIVE FINANCIAL INSTRUMENTS Derivatives Designated as Hedging Instruments On April 1, 2016, three $10.0 ASC Topic 815, three seven April 5, 2016 April 5, 2023. April 5, 2016, 1.46% three $10.0 No ineffectiveness related to the interest rate swap designated as a cash flow hedge was recognized in the consolidated statements of operations for the three March 31, 2017. $0.2 March 31, 2017 December 31, 2016. Derivatives Not Designated as Hedging Instruments In 2014, three $40 three $0.1 three 2017. March 31, 2017, three March 31, 2017 December 31, 2016, three zero. |
Note 13 - Segment Reporting
Note 13 - Segment Reporting | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 13. SEGMENT REPORTING Under ASC Topic 280, Segment Reporting two 2, 10 December 31, 2016. two All Bank ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended March 3 1 , 2017 : Net interest income $ 3,911 $ 3,005 $ 3 $ — $ 6,919 Provision for loan losses — 515 — — 515 Total non-interest income 836 244 850 (763 ) 1,167 Total non-interest expense 4,401 2,377 429 (170 ) 7,037 Income before income taxes 346 357 424 (593 ) 534 Provision for income taxes 98 130 (98 ) — 130 Net income $ 248 $ 227 $ 522 $ (593 ) $ 404 Other significant items: Total assets $ 622,528 $ 88,233 $ 82,667 $ (173,601 ) $ 619,827 Total investment securities 213,417 — 80 — 213,497 Total loans, net 309,425 84,761 — (76,509 ) 317,677 Investment in subsidiaries 5 — 76,976 (76,976 ) 5 Fixed asset additions 4,025 62 — — 4,087 Depreciation and amortization expense 201 41 — — 242 Total interest income from external customers 3,392 4,118 — — 7,510 Total interest income from affiliates 1,114 — 3 (1,117 ) — All Bank ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended March 31 , 2016 : Net interest income $ 3,598 $ 3,060 $ 3 $ — $ 6,661 Provision (reduction in reserve) for loan losses (280 ) 447 — — 167 Total non-interest income 721 252 675 (659 ) 989 Total non-interest expense 4,334 2,427 440 (135 ) 7,066 Income before income taxes 265 438 238 (524 ) 417 Provision for income taxes 48 158 (106 ) — 100 Net income $ 217 $ 280 $ 344 $ (524 ) $ 317 Other significant items: Total assets $ 577,945 $ 84,353 $ 83,129 $ (169,845 ) $ 575,582 Total investment securities 231,386 — 80 — 231,466 Total loans, net 256,037 80,480 — (72,542 ) 263,975 Investment in subsidiaries 5 — 77,716 (77,716 ) 5 Fixed asset addition 3,224 5 — — 3,229 Depreciation and amortization expense 180 52 — — 232 Total interest income from external customers 3,124 4,072 — — 7,196 Total interest income from affiliates 1,012 — 3 (1,015 ) — |
Note 14 - Guarantees, Commitmen
Note 14 - Guarantees, Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 14 . GUARANTEES, COMMITMENTS AND CONTINGENCIES The Bank ’s exposure to credit loss in the event of nonperformance by the other party for commitments to make loans and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making these commitments as it does for on-balance sheet instruments. For interest rate swap transactions and commitments to purchase or sell securities for forward delivery, the contract or notional amounts do not represent exposure to credit loss. The Bank controls the credit risk of these derivative instruments through credit approvals, limits and monitoring procedures. Certain derivative contracts have credit risk for the carrying value plus the amount to replace such contracts in the event of counterparty default. All of the Bank’s financial instruments are held for risk management and not for trading purposes. During the three March 31, 2017 2016, no In the normal course of business, there are outstanding commitments and contingent liabilities, such as commitments to extend credit, letters of credit and others that are not included in the consolidated financial statements. The financial instruments involve, to varying degrees, elements of credit and interest rate risk in excess of amounts recognized in the financial statements. A summary of these commitments and contingent liabilities is presented below: March 3 1 , 201 7 December 31, 201 6 (Dollars in Thousands) Standby letters of credit $ 183 $ 183 Commitments to extend credit $ 43,806 $ 41,267 Standby letters of credit are contingent commitments issued by the Bank generally to guarantee the performance of a customer to a third third March 31, 2017 December 31, 2016, A commitment to extend credit is an agreement to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may may Commitments to purchase securities for delayed delivery require the Bank to purchase a specified security at a specified price for delivery on a specified date. Similarly, commitments to sell securities for delayed delivery require the Bank to sell a specified security at a specified price for delivery on a specified date. Market risk arises from potential movements in security values and interest rates between the commitment and delivery dates. As of both March 31, 2017 December 31, 2016, no no The Company is self-insured for a significant portion of employee health benefits. However, we maintain stop-loss coverage with third We estimate our accrued liability for the ultimate costs to close known claims, as well as claims incurred but not yet reported, as of the balance sheet date. Our recorded estimated liability for self-insurance is based on the insurance companies incurred loss estimates and management’s judgment, including assumptions and factors related to the frequency and severity of claims, our claims development history and our claims settlement practices. The assessment of loss contingencies and self-insurance reserves is a highly subjective process that requires judgments about future events. Contingencies are reviewed at least quarterly to determine the adequacy of self-insurance accruals. The ultimate settlement of loss contingencies and self-insurance reserves may In 2016, 2016. 40,000 25% tenants. third 2016 2017. March 31, 2017, $8.2 $3.5 $1.7 tenant $0.5 Litigation The Company is party to certain ordinary course litigation, and the Company intends to vigorously defend itself in all such litigation. In the opinion of the Company, based on review and consultation with legal counsel, the outcome of such ordinary course litigation should not have a material adverse effect on the Company’s consolidated financial statements or results of operations. |
Note 15 - Fair Value of Financi
Note 15 - Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 15. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows the provisions of ASC Topic 820, Fair Value Measurements and Disclosures Fair Value Hierarchy Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants at the measurement date. In determining fair value, the Company uses various methods, including market, income and cost approaches. Based on these approaches, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated or generally unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observability of the inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Assets and liabilities carried at fair value will be classified and disclosed in one three ● Level 1 — Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange or Nasdaq. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. ● Level 2 — Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third ● Level 3 — Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker-traded transactions. Level 3 The Company rarely transfers assets and liabilities measured at fair value between Level 1 2 may 3 ’s conclusion regarding the best method of pricing for an individual security. Such transfers are accounted for as if they occurred at the beginning of a reporting period. There were no such transfers during the three March 31, 2017 December 31, 2016. Fair Value Measurements on a Recurring Basis Securities Available-for-Sale Where quoted market prices are available in an active market, securities are classified within Level 1 1 2 2 1 2 3 Interest Rate Derivative Agreements Interest rate derivative agreements are used by the Company to mitigate risk associated with changes in interest rates. The fair value of these agreements is based on information obtained from third third 2 The following table presents assets measured at fair value on a recurring basis as of March 31, 2017 December 31, 2016. Fair Value Measurements as of March 3 1 , 201 7 Using Totals At March 3 1 , 201 7 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 96,499 $ — $ 96,499 $ — Commercial 76,501 — 76,501 — Obligations of states and political subdivisions 8,024 — 8,024 — Obligations of U.S. government-sponsored agencies 2,004 — 2,004 — Corporate notes 750 — 750 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 358 — 358 — Fair Value Measurements as of December 31, 201 6 Using Totals At December 31, 201 6 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 98,409 $ — $ 98,409 $ — Commercial 70,530 — 70,530 — Obligations of states and political subdivisions 10,142 — 10,142 — Obligations of U.S. government-sponsored agencies 1,993 — 1,993 — Corporate notes 756 — 756 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 346 — 346 — Fair Value Measurements on a Non-recurring Basis Impaired Loans Loans that are considered impaired are loans for which, based on current information and events, it is probable that the Company will be unable to collect all principal and interest payments due under the contractual terms of the loan agreement. Impaired loans can be measured based on the present value of expected payments using the loan ’s original effective rate as the discount rate, the loan’s observable market price, or the fair value of the collateral less estimated selling cost if the loan is collateral-dependent. For the Company, the fair value of impaired loans is primarily measured based on the value of the collateral securing the loans (typically real estate). The Company determines the fair value of the collateral based on independent appraisals performed by qualified licensed appraisers. The appraisals may may OREO OREO consists of properties obtained through foreclosure or in satisfaction of loans and is recorded at the lower of the loan ’s carrying amount or the fair value of the property, less estimated cost to sell. Estimates of fair value are generally based on third 3 Other Assets Included within other assets are certain assets that were formerly included as premises and equipment, but have been removed from service, and as of the balance sheet date, were designated as assets to be disposed of by sale. These include assets associated with branches of the Bank that have been closed. When an asset is designated as held for sale, the Company ceases depreciation of the asset, and the asset is recorded at the lower of its carrying amount or fair value less estimated cost to sell. Estimates of fair value are generally based on third 3 The following table presents the balances of impaired loans, OREO and other assets measured at fair value on a non-recurring basis as of March 31, 2017 December 31, 2016. Fair Value Measurements as of March 3 1 , 2017 Using Totals At March 3 1 , 2017 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Impaired loans $ 1,590 $ — $ — $ 1,590 OREO 4,587 — — 4,587 Other assets 280 — — 280 Fair Value Measurements as of December 31, 201 6 Using Totals At December 31, 201 6 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Impaired loans $ 1,568 $ — $ — $ 1,568 OREO 4,858 — — 4,858 Other assets 280 — — 280 Non-recurring Fair Value Measurements Using Significant Unobservable Inputs The following table presents information regarding assets and liabilities measured at fair value using significant unobservable inputs (Level 3) March 31, 2017. March 31, 2017 Level 3 Significant Unobservable Input Assumptions Fair Value March 3 1 , 2017 Valuation Technique Unobservable Input Quantitative Range of Unobservable Inputs (Weighted Average) (Dollars in Thousands) Non-recurring fair value measurements: Impaired loans $ 1,590 Multiple data points, including discount to appraised value of collateral based on recent market activity Appraisal comparability adjustment (discount) 9 % - 10% ( 9.5%) OREO $ 4,587 Discount to appraised value of property based on recent market activity for sales of similar properties Appraisal comparability adjustment (discount) 9 % - 10% (9.5%) Other assets $ 280 Discount to appraised value of property based on recent market activity for sales of similar properties Appraisal comparability adjustment (discount) 9 % - 10% ( 9.5%) Impaired Loans Impaired loans are valued based on multiple data points indicating the fair value for each loan. The primary data point is the appraisal value of the underlying collateral, to which a discount is applied. Management establishes this discount or comparability adjustment based on recent sales of similar property types. As liquidity in the market increases or decreases, the comparability adjustment and the resulting asset valuation are impacted. OREO OREO under a binding contract for sale is valued based on contract price. If no sales contract is pending for a specific property, management establishes a comparability adjustment to the appraised value based on historical activity, considering proceeds for properties sold versus the corresponding appraised value. Increases or decreases in realization for properties sold impact the comparability adjustment for similar assets remaining on the balance sheet. Other Assets Assets designated as held for sale that are under a binding contract are valued based on the contract price. If no sales contract is pending for a specific property, management establishes a comparability adjustment to the appraised value based on historical activity, considering proceeds for properties sold versus the corresponding appraised value. Increases or decreases in realization for properties sold impact the comparability adjustment for similar assets remaining on the balance sheet. Fair Value of Financial Instruments ASC Topic 825, Instruments Cash, due from banks and federal funds sold: The carrying amount of cash, due from banks and federal funds sold approximates fair value. Federal Home Loan Bank stock: Based on the redemption provision of the FHLB, the stock has no quoted market value and is carried at cost. Investment securities: Fair values of investment securities are based on quoted market prices where available. If quoted market prices are not available, estimated fair values are based on market prices of comparable instruments. Derivative instruments: The fair value of derivative instruments is based on information obtained from a third third Accrued interest receivable and payable: The carrying amount of accrued interest approximates fair value. Loans, net: For variable-rate loans, fair values are based on carrying values. Fixed-rate commercial loans, other installment loans and certain real estate mortgage loans are valued using discounted cash flows. The discount rate used to determine the present value of these loans is based on interest rates charged by the Company on comparable loans as to credit risk and term at the determination date. Demand and savings deposits: The fair values of demand deposits are equal to the carrying value of such deposits. Demand deposits include non-interest-bearing demand deposits, savings accounts, NOW accounts and money market demand accounts. Time deposits: The fair values of relatively short-term time deposits are equal to their carrying values. Discounted cash flows are used to value long-term time deposits. The discount rate used is based on interest rates currently offered by the Company on comparable deposits as to amount and term. Short-term borrowings: These borrowings may Long-term debt: The fair value of this debt is estimated using discounted cash flows based on the Company’s current incremental borrowing rate for similar types of borrowing arrangements as of March 31, 2017 December 31, 2016. Off-balance sheet instruments: The carrying amount of commitments to extend credit and standby letters of credit approximates fair value. The carrying amount of the off-balance sheet financial instruments is based on fees currently charged to enter into such agreements. The estimated fair value and related carrying or notional amounts, as well as the level within the fair value hierarchy, of the Company ’s financial instruments as of March 31, 2017 December 31, 2016, March 3 1 , 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 32,905 $ 32,905 $ 32,905 $ — $ — Investment securities available-for-sale 183,858 183,858 — 183,858 — Investment securities held-to-maturity 29,639 29,357 — 29,357 — Federal Home Loan Bank stock 1,609 1,609 — — 1,609 Loans, net of allowance for loan losses 317,677 313,079 — — 313,079 Other assets – derivatives 358 358 — 358 — Liabilities: Deposits 509,078 508,634 — 508,634 — Short-term borrowings 10,750 10,750 — 10,750 — Long-term debt 15,000 15,001 — 15,001 — December 31, 2016 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 23,530 $ 23,530 $ 23,530 $ — $ — Investment securities available-for-sale 181,910 181,910 — 181,910 — Investment securities held-to-maturity 25,904 25,508 — 25,508 — Federal Home Loan Bank stock 1,581 1,581 — — 1,581 Loans, net of allowance for loan losses 322,772 319,881 — — 319,881 Other assets – derivatives 346 346 — 346 — Liabilities: Deposits 497,556 497,037 — 497,037 — Short-term borrowings 10,119 10,119 — 10,119 — Long-term debt 15,000 14,998 — 14,998 — |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Earnings Per Share, Policy [Policy Text Block] | Net Income Per Share and Comprehensive Income Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Included in basic shares are certain shares that have been accrued as of the balance sheet date as deferred compensation for members of Bancshares’ Board of Directors. Diluted net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding, adjusted for the effect of potentially dilutive stock awards outstanding during the period. The dilutive shares consist of nonqualified stock option grants issued to employees and members of Bancshares’ Board of Directors pursuant to Bancshares’ 2013 “2013 Three Months Ended March 31, 2017 2016 Basic shares 6,158,399 6,143,267 Dilutive shares 320,500 272,550 Diluted shares 6,478,899 6,415,817 Three Months Ended March 31, 2017 2016 (Dollars in Thousands, Except Per Share Data) Net income $ 404 $ 317 Basic net income per share $ 0.07 $ 0.05 Diluted net income per share $ 0.06 $ 0.05 Comprehensive income consists of net income, as well as unrealized gains and losses that arise during the period associated with the Company’ s available-for-sale securities portfolio and the effective portion of cash flow hedge derivatives. In the calculation of comprehensive income, reclassification adjustments are made for gains or losses realized in the statement of operations associated with the sale of available-for-sale securities or changes in the fair value of cash flow derivatives. |
New Accounting Pronouncements, Policy [Policy Text Block] | Accounting Policies Recently Adopted and Pending Accounting Pronouncements Accounting Standards Update (“ ASU”) 2016 13, .” Issued in June 2016, 2016 13 2016 13 2016 13 December 15, 2019. first ASU 2016 09, Compensation-Stock Compensation (Topic 718) Issued in March 2016, 2016 09 (1) (2) (3) (4) (5) (6) (7) 2016 09 January 1, 2017. 2016 09 ASU 2016 05, Derivatives and Hedging (Topic 815): Issued in March 2016, 2016 05 815 2016 05 January 1, 2017. 2016 05 ASU 2016 02, Leases (Topic 842).” Issued in February 2016, 2016 02 2016 02 12 2016 02, 2016 02 December 15, 2018. ASU 2016 01, Financial Instruments - Overall (Subtopic 825 10): 825).” Issued in January 2016, 2016 01 2016 01 2016 01 December 15, 2017. ASU 2014 09, Revenue from Contracts with Customers (Topic 606 ).” Issued in May 2014, 2014 09 FASB ASC Topic 606, FASB ASC Topic 605, FASB ASC Topic 605 35, 2014 09 ASU 2015 14 “Revenue from Contracts with Customers (Topic 606) August 2015, 2014 09 one 2015 14 2014 09 December 15, 2017. December 15, 2016, 2014 09 |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31, 2017 2016 Basic shares 6,158,399 6,143,267 Dilutive shares 320,500 272,550 Diluted shares 6,478,899 6,415,817 Three Months Ended March 31, 2017 2016 (Dollars in Thousands, Except Per Share Data) Net income $ 404 $ 317 Basic net income per share $ 0.07 $ 0.05 Diluted net income per share $ 0.06 $ 0.05 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Investment Securities Available-for-sale and Held-to-Maturity [Table Text Block] | Available-for-Sale March 31 , 201 7 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 97,003 $ 434 $ (938 ) $ 96,499 Commercial 77,606 51 (1,156 ) 76,501 Obligations of states and political subdivisions 7,637 395 (8 ) 8,024 Obligations of U.S. government-sponsored agencies 2,000 4 — 2,004 Corporate notes 750 — — 750 U.S. Treasury securities 80 — — 80 Total $ 185,076 $ 884 $ (2,102 ) $ 183,858 Held-to-Maturity March 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 17,880 $ 7 $ (132 ) $ 17,755 Obligations of U.S. government-sponsored agencies 9,715 12 (152 ) 9,575 Obligations of states and political subdivisions 2,044 6 (22 ) 2,028 Total $ 29,639 $ 25 $ (306 ) $ 29,358 Available-for-Sale December 31, 2016 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 99,922 $ 490 $ (2,003 ) $ 98,409 Commercial 71,761 56 (1,287 ) 70,530 Obligations of states and political subdivisions 9,759 390 (7 ) 10,142 Obligations of U.S. government-sponsored agencies 2,000 — (7 ) 1,993 Corporate notes 756 — — 756 U.S. Treasury securities 80 — — 80 Total $ 184,278 $ 936 $ (3,304 ) $ 181,910 Held-to-Maturity December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 14,684 $ 5 $ (148 ) $ 14,541 Obligations of U.S. government-sponsored agencies 9,129 13 (222 ) 8,920 Obligations of states and political subdivisions 2,091 2 (46 ) 2,047 Total $ 25,904 $ 20 $ (416 ) $ 25,508 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Held-to-Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (Dollars in Thousands) Maturing within one year $ 1,089 $ 1,093 $ — $ — Maturing after one to five years 6,172 6,245 2,289 2,303 Maturing after five to ten years 82,184 81,875 2,913 2,876 Maturing after ten years 95,631 94,645 24,437 24,179 Total $ 185,076 $ 183,858 $ 29,639 $ 29,358 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Available-for-Sale March 31 , 201 7 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 75,284 $ (917 ) $ 1,729 $ (21 ) Commercial 48,106 (807 ) 18,066 (349 ) Obligations of states and political subdivisions 847 (8 ) — — U.S. Treasury securities 80 — — — Total $ 124,317 $ (1,732 ) $ 19,795 $ (370 ) Held-to-Maturity March 31 , 2017 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Commercial $ 13,030 $ (132 ) $ — $ — Obligations of U.S. government-sponsored agencies 8,618 (152 ) — — Obligations of states and political subdivisions 1,056 (15 ) 549 (7 ) Total $ 22,704 $ (299 ) $ 549 $ (7 ) Available-for-Sale December 31, 201 6 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 85,741 $ (1,976 ) $ 1,904 $ (27 ) Commercial 54,475 (946 ) 10,721 (341 ) Obligations of U.S. government-sponsored agencies 1,993 (7 ) — — Obligations of states and political subdivisions 434 (7 ) — — U.S. Treasury securities 80 — — — Total $ 142,723 $ (2,936 ) $ 12,625 $ (368 ) Held-to-Maturity December 31, 2016 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Commercial $ 12,776 $ (148 ) $ — $ — Obligations of U.S. government-sponsored agencies 7,957 (222 ) — — Obligations of states and political subdivisions 1,628 (46 ) — — Total $ 22,361 $ (416 ) $ — $ — |
Note 4 - Loans and Allowance 26
Note 4 - Loans and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31 , 201 7 Bank ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 25,853 $ — $ 25,853 Secured by 1-4 family residential properties 32,535 12,993 45,528 Secured by multi-family residential properties 16,464 — 16,464 Secured by non-farm, non-residential properties 97,294 — 97,294 Other 230 — 230 Commercial and industrial loans 57,253 — 57,253 Consumer loans: Consumer 6,057 32,892 38,949 Indirect sales — 47,196 47,196 Total loans 235,686 93,081 328,767 Less: Unearned interest, fees and deferred cost 249 5,962 6,211 Allowance for loan losses 2,521 2,358 4,879 Net loans $ 232,916 $ 84,761 $ 317,677 December 31, 2016 Bank ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 23,772 $ — $ 23,772 Secured by 1-4 family residential properties 32,955 13,724 46,679 Secured by multi-family residential properties 16,627 — 16,627 Secured by non-farm, non-residential properties 102,112 — 102,112 Other 234 — 234 Commercial and industrial loans 57,963 — 57,963 Consumer loans: Consumer 6,206 36,413 42,619 Indirect sales — 44,775 44,775 Total loans 239,869 94,912 334,781 Less: Unearned interest, fees and deferred cost 218 6,935 7,153 Allowance for loan losses 2,409 2,447 4,856 Net loans $ 237,242 $ 85,530 $ 322,772 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Bank Three M onths Ended March 31 , 201 7 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 535 $ 304 $ 88 $ 903 $ 2 $ 527 $ 50 $ — $ 2,409 Charge-offs — — — — — — (2 ) — (2 ) Recoveries — 31 — 66 — 4 13 — 114 Provision 71 (52 ) 27 (186 ) — 157 (17 ) — — Ending balance $ 606 $ 283 $ 115 $ 783 $ 2 $ 688 $ 44 $ — $ 2,521 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 422 $ 5 $ — $ 102 $ — $ 45 $ — $ — $ 574 Collectively evaluated for impairment 184 278 115 681 2 643 44 — 1,947 Total allowance for loan losses $ 606 $ 283 $ 115 $ 783 $ 2 $ 688 $ 44 $ — $ 2,521 Ending balance of loans receivable: Individually evaluated for impairment $ 1,361 $ 191 $ — $ 542 $ — $ 70 $ — $ — $ 2,164 Collectively evaluated for impairment 24,492 32,344 16,464 96,752 230 57,183 6,057 — 233,522 Total loans receivable $ 25,853 $ 32,535 $ 16,464 $ 97,294 $ 230 $ 57,253 $ 6,057 $ — $ 235,686 ALC Three Months Ended March 31, 2017 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ — $ 107 $ — $ — $ — $ — $ 1,717 $ 623 $ 2,447 Charge-offs — (13 ) — — — — (658 ) (135 ) (806 ) Recoveries — 15 — — — — 137 50 202 Provision — (33 ) — — — — 470 78 515 Ending balance $ — $ 76 $ — $ — $ — $ — $ 1,666 $ 616 $ 2,358 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 76 — — — — 1,666 616 2,358 Total allowance for loan losses $ — $ 76 $ — $ — $ — $ — $ 1,666 $ 616 $ 2,358 Ending balance of loans receivable: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 12,993 — — — — 32,892 47,196 93,081 Total loans receivable $ — $ 12,993 $ — $ — $ — $ — $ 32,892 $ 47,196 $ 93,081 Bank and ALC Three Months Ended March 31, 2017 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 535 $ 411 $ 88 $ 903 $ 2 $ 527 $ 1,767 $ 623 $ 4,856 Charge-offs — (13 ) — — — — (660 ) (135 ) (808 ) Recoveries — 46 — 66 — 4 150 50 316 Provision 71 (85 ) 27 (186 ) — 157 453 78 515 Ending balance $ 606 $ 359 $ 115 $ 783 $ 2 $ 688 $ 1,710 $ 616 $ 4,879 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 422 $ 5 $ — $ 102 $ — $ 45 $ — $ — $ 574 Collectively evaluated for impairment 184 354 115 681 2 643 1,710 616 4,305 Total allowance for loan losses $ 606 $ 359 $ 115 $ 783 $ 2 $ 688 $ 1,710 $ 616 $ 4,879 Ending balance of loans receivable: Individually evaluated for impairment $ 1,361 $ 191 $ — $ 542 $ — $ 70 $ — $ — $ 2,164 Collectively evaluated for impairment 24,492 45,337 16,464 96,752 230 57,183 38,949 47,196 326,603 Total loans receivable $ 25,853 $ 45,528 $ 16,464 $ 97,294 $ 230 $ 57,253 $ 38,949 $ 47,196 $ 328,767 Bank Year Ended December 31, 2016 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 110 $ 138 $ 29 $ 351 $ 1 $ 659 $ 41 $ — $ 1,329 Charge-offs — (66 ) — (40 ) — (2 ) (43 ) — (151 ) Recoveries 200 23 — — — 73 50 — 346 Provision 225 209 59 592 1 (203 ) 2 — 885 Ending balance $ 535 $ 304 $ 88 $ 903 $ 2 $ 527 $ 50 $ — $ 2,409 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 423 $ 5 $ — $ 107 $ — $ — $ — $ — $ 535 Collectively evaluated for impairment 112 299 88 796 2 527 50 — 1,874 Total allowance for loan losses $ 535 $ 304 $ 88 $ 903 $ 2 $ 527 $ 50 $ — $ 2,409 Loan receivables: Individually evaluated for impairment $ 1,361 $ 193 $ — $ 549 $ — $ — $ — $ — $ 2,103 Collectively evaluated for impairment 22,411 32,762 16,627 101,563 234 57,963 6,206 — 237,766 Total loans receivable $ 23,772 $ 32,955 $ 16,627 $ 102,112 $ 234 $ 57,963 $ 6,206 $ — $ 239,869 ALC Year Ended December 31, 2016 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ — $ 250 $ — $ — $ — $ — $ 1,584 $ 618 $ 2,452 Charge-offs — (56 ) — — — — (2,218 ) (752 ) (3,026 ) Recoveries — 39 — — — — 451 220 710 Provision — (126 ) — — — — 1,900 537 2,311 Ending balance $ — $ 107 $ — $ — $ — $ — $ 1,717 $ 623 $ 2,447 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 107 — — — — 1,717 623 2,447 Total allowance for loan losses $ — $ 107 $ — $ — $ — $ — $ 1,717 $ 623 $ 2,447 Ending balance of loans receivable: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 13,724 — — — — 36,413 44,775 94,912 Total loans receivable $ — $ 13,724 $ — $ — $ — $ — $ 36,413 $ 44,775 $ 94,912 Bank and ALC Year Ended December 31, 2016 Construction, Land 1-4 Family Real Estate Multi- Family Non-Farm Non-Residential Other Commercial Consumer Indirect Sales Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 110 $ 388 $ 29 $ 351 $ 1 $ 659 $ 1,625 $ 618 $ 3,781 Charge-offs — (122 ) — (40 ) — (2 ) (2,261 ) (752 ) (3,177 ) Recoveries 200 62 — — — 73 501 220 1,056 Provision 225 83 59 592 1 (203 ) 1,902 537 3,196 Ending balance $ 535 $ 411 $ 88 $ 903 $ 2 $ 527 $ 1,767 $ 623 $ 4,856 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ 423 $ 5 $ — $ 107 $ — $ — $ — $ — $ 535 Collectively evaluated for impairment 112 406 88 796 2 527 1,767 623 4,321 Total allowance for loan losses $ 535 $ 411 $ 88 $ 903 $ 2 $ 527 $ 1,767 $ 623 $ 4,856 Loan receivables: Individually evaluated for impairment $ 1,361 $ 193 $ — $ 549 $ — $ — $ — $ — $ 2,103 Collectively evaluated for impairment 22,411 46,486 16,627 101,563 234 57,963 42,619 44,775 332,678 Total loans receivable $ 23,772 $ 46,679 $ 16,627 $ 102,112 $ 234 $ 57,963 $ 42,619 $ 44,775 $ 334,781 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Bank Pass 1-5 Special Mention 6 Substandard 7 Doubtful 8 Total (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 24,323 $ — $ 1,530 $ — $ 25,853 Secured by 1-4 family residential properties 31,552 207 776 — 32,535 Secured by multi-family residential properties 16,464 — — — 16,464 Secured by non-farm, non-residential properties 94,324 2,281 689 — 97,294 Other 230 — — — 230 Commercial and industrial loans 54,816 2,187 250 — 57,253 Consumer loans 6,057 — — — 6,057 Other loans — — — — — Total $ 227,766 $ 4,675 $ 3,245 $ — $ 235,686 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 12,744 $ 249 $ 12,993 Consumer loans: Consumer 31,994 898 32,892 Indirect sales 46,701 495 47,196 Total $ 91,439 $ 1,642 $ 93,081 Bank Pass 1-5 Special Mention 6 Substandard 7 Doubtful 8 Total (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 22,240 $ — $ 1,532 $ — $ 23,772 Secured by 1-4 family residential properties 31,995 213 747 — 32,955 Secured by multi-family residential properties 16,627 — — — 16,627 Secured by non-farm, non-residential properties 99,082 2,315 715 — 102,112 Other 234 — — — 234 Commercial and industrial loans 55,481 2,227 255 — 57,963 Consumer loans 6,126 — 80 — 6,206 Total $ 231,785 $ 4,755 $ 3,329 $ — $ 239,869 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 13,507 $ 217 $ 13,724 Consumer loans: Consumer 35,278 1,135 36,413 Indirect sales 44,228 547 44,775 Total $ 93,013 $ 1,899 $ 94,912 |
Past Due Financing Receivables [Table Text Block] | Bank As of March 31 , 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — $ 86 $ 86 $ 25,767 $ 25,853 $ — Secured by 1-4 family residential properties 197 — 191 388 32,147 32,535 — Secured by multi-family residential properties — — — — 16,464 16,464 — Secured by non-farm, non-residential properties — — — — 97,294 97,294 — Other — — — — 230 230 — Commercial and industrial loans — 6 15 21 57,232 57,253 — Consumer loans 61 26 — 87 5,970 6,057 — Total $ 258 $ 32 $ 292 $ 582 $ 235,104 $ 235,686 $ — ALC As of March 31 , 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — $ — $ — $ — $ — $ — Secured by 1-4 family residential properties 47 1 242 290 12,703 12,993 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans: Consumer 434 336 889 1,659 31,233 32,892 — Indirect sales 136 146 459 741 46,455 47,196 — Total $ 617 $ 483 $ 1,590 $ 2,690 $ 90,391 $ 93,081 $ — Bank As of December 31, 201 6 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — $ 86 $ 86 $ 23,686 $ 23,772 $ — Secured by 1-4 family residential properties 164 69 145 378 32,577 32,955 — Secured by multi-family residential properties — — — — 16,627 16,627 — Secured by non-farm, non-residential properties 762 — — 762 101,350 102,112 — Other — — — — 234 234 — Commercial and industrial loans — — 14 14 57,949 57,963 — Consumer loans — 28 — 28 6,178 6,206 — Total $ 926 $ 97 $ 245 $ 1,268 $ 238,601 $ 239,869 $ — ALC As of December 31, 201 6 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — $ — $ — $ — $ — $ — Secured by 1-4 family residential properties 61 29 213 303 13,421 13,724 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans: Consumer 441 413 1,104 1,958 34,455 36,413 — Indirect sales 191 139 489 819 43,956 44,775 — Total $ 693 $ 581 $ 1,806 $ 3,080 $ 91,832 $ 94,912 $ — |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | Loans on Non-Accrual Status March 31 , 2017 December 31, 201 6 (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 86 $ 86 Secured by 1-4 family residential properties 623 570 Secured by multi-family residential properties — — Secured by non-farm, non-residential properties 39 53 Commercial and industrial loans 31 32 Consumer loans 1,426 1,676 Total loans $ 2,205 $ 2,417 |
Impaired Financing Receivables [Table Text Block] | March 31 , 201 7 Impaired loans with no related allowance recorded Carrying Amount Unpaid Principal Balance Related Allowances (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties — — — Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties — — — Commercial and industrial — — — Total loans with no related allowance recorded $ — $ — $ — Impaired loans with an allowance recorded Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 1,361 $ 422 Secured by 1-4 family residential properties 191 191 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 542 542 102 Commercial and industrial 70 70 45 Total loans with an allowance recorded $ 2,164 $ 2,164 $ 574 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 1,361 $ 422 Secured by 1-4 family residential properties 191 191 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 542 542 102 Commercial and industrial 70 70 45 Total impaired loans $ 2,164 $ 2,164 $ 574 December 31, 2016 Impaired loans with no related allowance recorded Carrying Amount Unpaid Principal Balance Related Allowances (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties — — — Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties — — — Commercial and industrial — — — Total loans with no related allowance recorded $ — $ — $ — Impaired loans with an allowance recorded Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 1,361 $ 423 Secured by 1-4 family residential properties 193 193 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 549 549 107 Commercial and industrial — — — Total loans with an allowance recorded $ 2,103 $ 2,103 $ 535 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 1,361 $ 423 Secured by 1-4 family residential properties 193 193 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 549 549 107 Commercial and industrial — — — Total impaired loans $ 2,103 $ 2,103 $ 535 |
Average Net Investment Impaired Loans and Interest Income Recognized and Received on Impaired Loans [Table Text Block] | March 31 , 2017 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 1,361 $ 10 $ 10 Secured by 1-4 family residential properties 193 4 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 542 8 5 Commercial and industrial 23 3 2 Total $ 2,119 $ 25 $ 22 December 31, 201 6 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 1,381 $ 41 $ 39 Secured by 1-4 family residential properties 232 14 14 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 557 33 31 Commercial and industrial — — — Total $ 2,170 $ 88 $ 84 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | March 31 , 2017 December 31, 2016 Number of Loans Pre- Modification Outstanding Principal Balance Post- Modification Principal Balance Number of Loans Pre- Modification Outstanding Principal Balance Post- Modification Principal Balance (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans 2 $ 1,960 $ 1,363 2 $ 1,960 $ 1,286 Secured by 1-4 family residential properties 3 318 246 3 318 249 Secured by non-farm, non-residential properties 1 53 40 1 53 41 Commercial loans 2 116 87 2 116 88 Total 8 $ 2,447 $ 1,736 8 $ 2,447 $ 1,664 |
Note 5 - Other Real Estate Ow27
Note 5 - Other Real Estate Owned (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Other Real Estate Assets Acquired in Foreclosure Roll Forward [Table Text Block] | March 31 , 2017 Bank ALC Total (Dollars in Thousands) Beginning balance $ 4,353 $ 505 $ 4,858 Transfers from loans — 20 20 Sales proceeds (204 ) (84 ) (288 ) Gross gains 13 — 13 Gross losses (1 ) (15 ) (16 ) Net gains (losses) 12 (15 ) (3 ) Impairment — — — Ending balance $ 4,161 $ 426 $ 4,587 March 31 , 2016 Bank ALC Total (Dollars in Thousands) Beginning balance $ 5,327 $ 711 $ 6,038 Transfers from loans — 18 18 Sales proceeds (609 ) (77 ) (686 ) Gross gains — 25 25 Gross losses (16 ) — (16 ) Net gains (losses) (16 ) 25 9 Impairment — (23 ) (23 ) Ending balance $ 4,702 $ 654 $ 5,356 |
Note 11 - Stock Awards (Tables)
Note 11 - Stock Awards (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2017 2016 Risk-free interest rate 2.23 % 1.58 % Expected term 7.5 years 7.5 years Expected stock price volatility 25.36 % 25.25 % Dividend yield 1.50 % 1.50 % |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Three Months Ended March 31 , 2017 March 31 , 2016 Number of Shares Average Exercise Price Number of Shares Average Exercise Price Options: Outstanding, beginning of period 272,550 $ 8.21 175,550 $ 8.17 Granted 64,600 14.11 97,000 8.30 Exercised 16,650 8.15 — — Expired — — — — Forfeited — — — — Options outstanding, end of period 320,500 $ 9.41 272,550 $ 8.21 Options exercisable, end of period 210,633 $ 8.20 175,550 $ 8.17 |
Note 13 - Segment Reporting (Ta
Note 13 - Segment Reporting (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | All Bank ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended March 3 1 , 2017 : Net interest income $ 3,911 $ 3,005 $ 3 $ — $ 6,919 Provision for loan losses — 515 — — 515 Total non-interest income 836 244 850 (763 ) 1,167 Total non-interest expense 4,401 2,377 429 (170 ) 7,037 Income before income taxes 346 357 424 (593 ) 534 Provision for income taxes 98 130 (98 ) — 130 Net income $ 248 $ 227 $ 522 $ (593 ) $ 404 Other significant items: Total assets $ 622,528 $ 88,233 $ 82,667 $ (173,601 ) $ 619,827 Total investment securities 213,417 — 80 — 213,497 Total loans, net 309,425 84,761 — (76,509 ) 317,677 Investment in subsidiaries 5 — 76,976 (76,976 ) 5 Fixed asset additions 4,025 62 — — 4,087 Depreciation and amortization expense 201 41 — — 242 Total interest income from external customers 3,392 4,118 — — 7,510 Total interest income from affiliates 1,114 — 3 (1,117 ) — All Bank ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended March 31 , 2016 : Net interest income $ 3,598 $ 3,060 $ 3 $ — $ 6,661 Provision (reduction in reserve) for loan losses (280 ) 447 — — 167 Total non-interest income 721 252 675 (659 ) 989 Total non-interest expense 4,334 2,427 440 (135 ) 7,066 Income before income taxes 265 438 238 (524 ) 417 Provision for income taxes 48 158 (106 ) — 100 Net income $ 217 $ 280 $ 344 $ (524 ) $ 317 Other significant items: Total assets $ 577,945 $ 84,353 $ 83,129 $ (169,845 ) $ 575,582 Total investment securities 231,386 — 80 — 231,466 Total loans, net 256,037 80,480 — (72,542 ) 263,975 Investment in subsidiaries 5 — 77,716 (77,716 ) 5 Fixed asset addition 3,224 5 — — 3,229 Depreciation and amortization expense 180 52 — — 232 Total interest income from external customers 3,124 4,072 — — 7,196 Total interest income from affiliates 1,012 — 3 (1,015 ) — |
Note 14 - Guarantees, Commitm30
Note 14 - Guarantees, Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | March 3 1 , 201 7 December 31, 201 6 (Dollars in Thousands) Standby letters of credit $ 183 $ 183 Commitments to extend credit $ 43,806 $ 41,267 |
Note 15 - Fair Value of Finan31
Note 15 - Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements as of March 3 1 , 201 7 Using Totals At March 3 1 , 201 7 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 96,499 $ — $ 96,499 $ — Commercial 76,501 — 76,501 — Obligations of states and political subdivisions 8,024 — 8,024 — Obligations of U.S. government-sponsored agencies 2,004 — 2,004 — Corporate notes 750 — 750 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 358 — 358 — Fair Value Measurements as of December 31, 201 6 Using Totals At December 31, 201 6 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 98,409 $ — $ 98,409 $ — Commercial 70,530 — 70,530 — Obligations of states and political subdivisions 10,142 — 10,142 — Obligations of U.S. government-sponsored agencies 1,993 — 1,993 — Corporate notes 756 — 756 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 346 — 346 — |
Fair Value Assets Measured On Nonrecurring Basis [Table Text Block] | Fair Value Measurements as of March 3 1 , 2017 Using Totals At March 3 1 , 2017 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Impaired loans $ 1,590 $ — $ — $ 1,590 OREO 4,587 — — 4,587 Other assets 280 — — 280 Fair Value Measurements as of December 31, 201 6 Using Totals At December 31, 201 6 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Impaired loans $ 1,568 $ — $ — $ 1,568 OREO 4,858 — — 4,858 Other assets 280 — — 280 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Level 3 Significant Unobservable Input Assumptions Fair Value March 3 1 , 2017 Valuation Technique Unobservable Input Quantitative Range of Unobservable Inputs (Weighted Average) (Dollars in Thousands) Non-recurring fair value measurements: Impaired loans $ 1,590 Multiple data points, including discount to appraised value of collateral based on recent market activity Appraisal comparability adjustment (discount) 9 % - 10% ( 9.5%) OREO $ 4,587 Discount to appraised value of property based on recent market activity for sales of similar properties Appraisal comparability adjustment (discount) 9 % - 10% (9.5%) Other assets $ 280 Discount to appraised value of property based on recent market activity for sales of similar properties Appraisal comparability adjustment (discount) 9 % - 10% ( 9.5%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 3 1 , 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 32,905 $ 32,905 $ 32,905 $ — $ — Investment securities available-for-sale 183,858 183,858 — 183,858 — Investment securities held-to-maturity 29,639 29,357 — 29,357 — Federal Home Loan Bank stock 1,609 1,609 — — 1,609 Loans, net of allowance for loan losses 317,677 313,079 — — 313,079 Other assets – derivatives 358 358 — 358 — Liabilities: Deposits 509,078 508,634 — 508,634 — Short-term borrowings 10,750 10,750 — 10,750 — Long-term debt 15,000 15,001 — 15,001 — December 31, 2016 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 23,530 $ 23,530 $ 23,530 $ — $ — Investment securities available-for-sale 181,910 181,910 — 181,910 — Investment securities held-to-maturity 25,904 25,508 — 25,508 — Federal Home Loan Bank stock 1,581 1,581 — — 1,581 Loans, net of allowance for loan losses 322,772 319,881 — — 319,881 Other assets – derivatives 346 346 — 346 — Liabilities: Deposits 497,556 497,037 — 497,037 — Short-term borrowings 10,119 10,119 — 10,119 — Long-term debt 15,000 14,998 — 14,998 — |
Note 1 - General (Details Textu
Note 1 - General (Details Textual) | 3 Months Ended |
Mar. 31, 2017 | |
Number of Reportable Segments | 2 |
Note 2 - Basis of Presentatio33
Note 2 - Basis of Presentation - Summary of Basic and Diluted Net Income Per Share Calculations (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Basic shares (in shares) | 6,158,399 | 6,143,267 |
Dilutive shares (in shares) | 320,500 | 272,550 |
Diluted shares (in shares) | 6,478,899 | 6,415,817 |
Net income | $ 404 | $ 317 |
Basic net income per share (in dollars per share) | $ 0.07 | $ 0.05 |
Diluted net income per share (in dollars per share) | $ 0.06 | $ 0.05 |
Note 3 - Investment Securitie34
Note 3 - Investment Securities (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 18 | 13 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | 126 | 130 | |
Available-for-sale Securities Pledged as Collateral | $ 95,200 | $ 87,700 | |
Proceeds from Sale of Available-for-sale Securities | 0 | ||
Available-for-sale Securities, Gross Realized Gain (Loss) | 49 | $ 2 | 600 |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net | 0 | 0 | |
Available-for-sale Securities, Gross Realized Losses | $ 0 | $ 0 |
Note 3 - Investment Securitie35
Note 3 - Investment Securities - Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-Sale, Amortized Cost | $ 185,076 | $ 184,278 |
Available-for-Sale, Gross Unrealized Gains | 884 | 936 |
Available-for-Sale, Gross Unrealized Losses | (2,102) | (3,304) |
Available-for-Sale, Estimated Fair Value | 183,858 | 181,910 |
Held-to-Maturity, Amortized Cost | 29,639 | 25,904 |
Held-to-Maturity, Gross Unrealized Gains | 25 | 20 |
Held-to-Maturity, Gross Unrealized Losses | (306) | (416) |
Held-to-Maturity, Estimated Fair Value | 29,358 | 25,508 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-Sale, Amortized Cost | 97,003 | 99,922 |
Available-for-Sale, Gross Unrealized Gains | 434 | 490 |
Available-for-Sale, Gross Unrealized Losses | (938) | (2,003) |
Available-for-Sale, Estimated Fair Value | 96,499 | 98,409 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-Sale, Amortized Cost | 77,606 | 71,761 |
Available-for-Sale, Gross Unrealized Gains | 51 | 56 |
Available-for-Sale, Gross Unrealized Losses | (1,156) | (1,287) |
Available-for-Sale, Estimated Fair Value | 76,501 | 70,530 |
Held-to-Maturity, Amortized Cost | 17,880 | 14,684 |
Held-to-Maturity, Gross Unrealized Gains | 7 | 5 |
Held-to-Maturity, Gross Unrealized Losses | (132) | (148) |
Held-to-Maturity, Estimated Fair Value | 17,755 | 14,541 |
US Government Agencies Debt Securities [Member] | ||
Available-for-Sale, Amortized Cost | 2,000 | 2,000 |
Available-for-Sale, Gross Unrealized Gains | 4 | |
Available-for-Sale, Gross Unrealized Losses | (7) | |
Available-for-Sale, Estimated Fair Value | 2,004 | 1,993 |
Held-to-Maturity, Amortized Cost | 9,715 | 9,129 |
Held-to-Maturity, Gross Unrealized Gains | 12 | 13 |
Held-to-Maturity, Gross Unrealized Losses | (152) | (222) |
Held-to-Maturity, Estimated Fair Value | 9,575 | 8,920 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-Sale, Amortized Cost | 7,637 | 9,759 |
Available-for-Sale, Gross Unrealized Gains | 395 | 390 |
Available-for-Sale, Gross Unrealized Losses | (8) | (7) |
Available-for-Sale, Estimated Fair Value | 8,024 | 10,142 |
Held-to-Maturity, Amortized Cost | 2,044 | 2,091 |
Held-to-Maturity, Gross Unrealized Gains | 6 | 2 |
Held-to-Maturity, Gross Unrealized Losses | (22) | (46) |
Held-to-Maturity, Estimated Fair Value | 2,028 | 2,047 |
Corporate Debt Securities [Member] | ||
Available-for-Sale, Amortized Cost | 750 | 756 |
Available-for-Sale, Gross Unrealized Gains | ||
Available-for-Sale, Gross Unrealized Losses | ||
Available-for-Sale, Estimated Fair Value | 750 | 756 |
US Treasury Securities [Member] | ||
Available-for-Sale, Amortized Cost | 80 | 80 |
Available-for-Sale, Gross Unrealized Gains | ||
Available-for-Sale, Gross Unrealized Losses | ||
Available-for-Sale, Estimated Fair Value | $ 80 | $ 80 |
Note 3 - Investment Securitie36
Note 3 - Investment Securities - Scheduled Maturities of Investment Securities Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-Sale, Maturing within one year, Amortized Cost | $ 1,089 | |
Available-for-Sale, Maturing within one year, Estimated Fair Value | 1,093 | |
Held-to-Maturity, Maturing within one year, Amortized Cost | ||
Held-to-Maturity, Maturing within one year, Estimated Fair Value | ||
Available-for-Sale, Maturing after one to five years, Amortized Cost | 6,172 | |
Available-for-Sale, Maturing after one to five years, Estimated Fair Value | 6,245 | |
Held-to-Maturity, Maturing after one to five years, Amortized Cost | 2,289 | |
Held-to-Maturity, Maturing after one to five years, Estimated Fair Value | 2,303 | |
Available-for-Sale, Maturing after five to ten years, Amortized Cost | 82,184 | |
Available-for-Sale, Maturing after five to ten years, Estimated Fair Value | 81,875 | |
Held-to-Maturity, Maturing after five to ten years, Amortized Cost | 2,913 | |
Held-to-Maturity, Maturity after five to ten years, Estimated Fair Value | 2,876 | |
Available-for-Sale, Maturing after ten years, Amortized Cost | 95,631 | |
Available-for-Sale, Maturing after ten years, Estimated Fair Value | 94,645 | |
Held-to-Maturity, Maturing after ten years, Amortized Cost | 24,437 | |
Held-to-Maturity, Maturing after ten years, Estimated Fair Value | 24,179 | |
Available-for-Sale, Amortized Cost | 185,076 | $ 184,278 |
Available-for-Sale, Estimated Fair Value | 183,858 | 181,910 |
Held-to-Maturity, Amortized Cost | 29,639 | 25,904 |
Held-to-Maturity, Estimated Fair Value | $ 29,358 | $ 25,508 |
Note 3 - Investment Securitie37
Note 3 - Investment Securities - Investments' Gross Unrealized Losses and Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-Sale, Less than 12 Months, Fair Value | $ 124,317 | $ 142,723 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (1,732) | (2,936) |
Available-for-Sale, 12 Months or More, Fair Value | 19,795 | 12,625 |
Available-for-Sale, 12 Months or More, Unrealized Losses | (370) | (368) |
Held-to-Maturity, Less than 12 Months, Fair Value | 22,704 | 22,361 |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | (299) | (416) |
Held-to-Maturity, 12 Months or More, Unrealized Losses | (549) | |
Held-to-Maturity, 12 Months or More, Fair Value | 549 | |
Held-to-Maturity, 12 Months or More, Unrealized Losses | (7) | |
Residential Mortgage Backed Securities [Member] | ||
Available-for-Sale, Less than 12 Months, Fair Value | 75,284 | 85,741 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (917) | (1,976) |
Available-for-Sale, 12 Months or More, Fair Value | 1,729 | 1,904 |
Available-for-Sale, 12 Months or More, Unrealized Losses | (21) | (27) |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-Sale, Less than 12 Months, Fair Value | 48,106 | 54,475 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (807) | (946) |
Available-for-Sale, 12 Months or More, Fair Value | 18,066 | 10,721 |
Available-for-Sale, 12 Months or More, Unrealized Losses | (349) | (341) |
Held-to-Maturity, Less than 12 Months, Fair Value | 13,030 | 12,776 |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | (132) | (148) |
Held-to-Maturity, 12 Months or More, Unrealized Losses | ||
Held-to-Maturity, 12 Months or More, Fair Value | ||
Held-to-Maturity, 12 Months or More, Unrealized Losses | ||
US Government Agencies Debt Securities [Member] | ||
Available-for-Sale, Less than 12 Months, Fair Value | 1,993 | |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (7) | |
Available-for-Sale, 12 Months or More, Fair Value | ||
Available-for-Sale, 12 Months or More, Unrealized Losses | ||
Held-to-Maturity, Less than 12 Months, Fair Value | 8,618 | 7,957 |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | (152) | (222) |
Held-to-Maturity, 12 Months or More, Unrealized Losses | ||
Held-to-Maturity, 12 Months or More, Fair Value | ||
Held-to-Maturity, 12 Months or More, Unrealized Losses | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-Sale, Less than 12 Months, Fair Value | 847 | 434 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (8) | (7) |
Available-for-Sale, 12 Months or More, Fair Value | ||
Available-for-Sale, 12 Months or More, Unrealized Losses | ||
Held-to-Maturity, Less than 12 Months, Fair Value | 1,056 | 1,628 |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | (15) | (46) |
Held-to-Maturity, 12 Months or More, Unrealized Losses | (549) | |
Held-to-Maturity, 12 Months or More, Fair Value | 549 | |
Held-to-Maturity, 12 Months or More, Unrealized Losses | (7) | |
US Treasury Securities [Member] | ||
Available-for-Sale, Less than 12 Months, Fair Value | 80 | 80 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | ||
Available-for-Sale, 12 Months or More, Fair Value | ||
Available-for-Sale, 12 Months or More, Unrealized Losses |
Note 4 - Loans and Allowance 38
Note 4 - Loans and Allowance for Loan Losses (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Number of Portfolio Segments | 8 | |
Number of Loans, Related Party | 0 | 1 |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 2,205 | $ 2,417 |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 9 | 35 |
Interest Income Recorded | $ 1 | 4 |
Troubled Debt Restructuring, Modified Period Term | 180 days | |
Financing Receivable, Restructuring Recorded Investment With Nonaccrual Status | $ 200 | 100 |
Financing Receivable, Modifications, Recorded Investment | $ 300 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Loans Modified in a Troubled Debt Restructuring, Individually Evaluated for Impairment, Principal Balance, Threshold | $ 500 | |
Allowance for Credit Losses, Change in Method of Calculating Impairment | 9 | $ 15 |
Financing Receivable, Restructuring, Recorded Investment Restored to Accrual Status | 0 | |
Minimum [Member] | ||
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | 500 | |
Minimum [Member] | ALC [Member] | ||
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | 100 | |
Related Party Loan [Member] | ||
Loans and Leases Receivable, Related Parties | 2,700 | 2,700 |
Loans and Leases Receivable, Related Parties, Proceeds | $ 35 | $ 100 |
Real Estate [Member] | ||
Percentage of Loan Portfolio | 56.40% | 56.60% |
Note 4 - Loans and Allowance 39
Note 4 - Loans and Allowance for Loan Losses - Loan Portfolio By Reporting Segment and Portfolio Segment (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Total loans | $ 328,767 | $ 334,781 | ||
Less: Unearned interest, fees and deferred cost | 6,211 | 7,153 | ||
Allowance for loan losses | 4,879 | 4,856 | ||
Net loans | 317,677 | 322,772 | $ 263,975 | |
FUSB [Member] | ||||
Total loans | 235,686 | 239,869 | ||
Less: Unearned interest, fees and deferred cost | 249 | 218 | ||
Allowance for loan losses | 2,521 | 2,409 | $ 1,329 | |
Net loans | 232,916 | 237,242 | ||
ALC [Member] | ||||
Total loans | 93,081 | 94,912 | ||
Less: Unearned interest, fees and deferred cost | 5,962 | 6,935 | ||
Allowance for loan losses | 2,358 | 2,447 | 2,452 | |
Net loans | 84,761 | 85,530 | ||
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||||
Total loans | 25,853 | 23,772 | ||
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | ||||
Total loans | 25,853 | 23,772 | ||
Allowance for loan losses | 606 | 535 | 110 | |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ALC [Member] | ||||
Total loans | ||||
Allowance for loan losses | ||||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||||
Total loans | 45,528 | 46,679 | ||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | ||||
Total loans | 32,535 | 32,955 | ||
Allowance for loan losses | 283 | 304 | 138 | |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | ||||
Total loans | 12,993 | 13,724 | ||
Allowance for loan losses | 76 | 107 | 250 | |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||||
Total loans | 16,464 | 16,627 | ||
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | FUSB [Member] | ||||
Total loans | 16,464 | 16,627 | ||
Allowance for loan losses | 115 | 88 | 29 | |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ALC [Member] | ||||
Total loans | ||||
Allowance for loan losses | ||||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||||
Total loans | 97,294 | 102,112 | ||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | ||||
Total loans | 97,294 | 102,112 | ||
Allowance for loan losses | 783 | 903 | 351 | |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ALC [Member] | ||||
Total loans | ||||
Allowance for loan losses | ||||
Real Estate [Member] | Other Real Estate Loans [Member] | ||||
Total loans | 230 | 234 | ||
Real Estate [Member] | Other Real Estate Loans [Member] | FUSB [Member] | ||||
Total loans | 230 | 234 | ||
Allowance for loan losses | 2 | 2 | 1 | |
Real Estate [Member] | Other Real Estate Loans [Member] | ALC [Member] | ||||
Total loans | ||||
Allowance for loan losses | ||||
Commercial and Industrial Loans [Member] | ||||
Total loans | 57,253 | 57,963 | ||
Commercial and Industrial Loans [Member] | FUSB [Member] | ||||
Total loans | 57,253 | 57,963 | ||
Allowance for loan losses | 688 | 527 | 659 | |
Commercial and Industrial Loans [Member] | ALC [Member] | ||||
Total loans | ||||
Allowance for loan losses | ||||
Consumer Portfolio Segment [Member] | FUSB [Member] | ||||
Total loans | 6,057 | 6,206 | ||
Consumer Portfolio Segment [Member] | Consumer Loans[Member] | ||||
Total loans | 38,949 | 42,619 | ||
Consumer Portfolio Segment [Member] | Consumer Loans[Member] | FUSB [Member] | ||||
Total loans | 6,057 | 6,206 | ||
Allowance for loan losses | 44 | 50 | 41 | |
Consumer Portfolio Segment [Member] | Consumer Loans[Member] | ALC [Member] | ||||
Total loans | 32,892 | 36,413 | ||
Allowance for loan losses | 1,666 | 1,717 | 1,584 | |
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||||
Total loans | 47,196 | 44,775 | ||
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | FUSB [Member] | ||||
Total loans | ||||
Allowance for loan losses | ||||
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ALC [Member] | ||||
Total loans | 47,196 | 44,775 | ||
Allowance for loan losses | $ 616 | $ 623 | $ 618 |
Note 4 - Loans and Allowance 40
Note 4 - Loans and Allowance for Loan Losses - Changes in Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Beginning balance | $ 4,856 | ||
Provision for loan losses | 515 | $ 167 | |
Ending balance | 4,879 | $ 4,856 | |
Total loans receivable | 328,767 | 334,781 | |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | |||
Total loans receivable | 25,853 | 23,772 | |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | |||
Total loans receivable | 45,528 | 46,679 | |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | |||
Total loans receivable | 16,464 | 16,627 | |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | |||
Total loans receivable | 97,294 | 102,112 | |
Real Estate [Member] | Other Real Estate Loans [Member] | |||
Total loans receivable | 230 | 234 | |
Commercial and Industrial Loans [Member] | |||
Total loans receivable | 57,253 | 57,963 | |
Consumer Portfolio Segment [Member] | Consumer Loans[Member] | |||
Total loans receivable | 38,949 | 42,619 | |
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | |||
Total loans receivable | 47,196 | 44,775 | |
FUSB [Member] | |||
Beginning balance | 2,409 | 1,329 | 1,329 |
Charge-offs | (2) | (151) | |
Recoveries | 114 | 346 | |
Provision for loan losses | 885 | ||
Ending balance | 2,521 | 2,409 | |
Individually evaluated for impairment | 574 | 535 | |
Collectively evaluated for impairment | 1,947 | 1,874 | |
Individually evaluated for impairment | 2,164 | 2,103 | |
Collectively evaluated for impairment | 233,522 | 237,766 | |
Total loans receivable | 235,686 | 239,869 | |
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | |||
Beginning balance | 535 | 110 | 110 |
Charge-offs | |||
Recoveries | 200 | ||
Provision for loan losses | 71 | 225 | |
Ending balance | 606 | 535 | |
Individually evaluated for impairment | 422 | 423 | |
Collectively evaluated for impairment | 184 | 112 | |
Individually evaluated for impairment | 1,361 | 1,361 | |
Collectively evaluated for impairment | 24,492 | 22,411 | |
Total loans receivable | 25,853 | 23,772 | |
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | |||
Beginning balance | 304 | 138 | 138 |
Charge-offs | (66) | ||
Recoveries | 31 | 23 | |
Provision for loan losses | (52) | 209 | |
Ending balance | 283 | 304 | |
Individually evaluated for impairment | 5 | 5 | |
Collectively evaluated for impairment | 278 | 299 | |
Individually evaluated for impairment | 191 | 193 | |
Collectively evaluated for impairment | 32,344 | 32,762 | |
Total loans receivable | 32,535 | 32,955 | |
FUSB [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | |||
Beginning balance | 88 | 29 | 29 |
Charge-offs | |||
Recoveries | |||
Provision for loan losses | 27 | 59 | |
Ending balance | 115 | 88 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 115 | 88 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 16,464 | 16,627 | |
Total loans receivable | 16,464 | 16,627 | |
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | |||
Beginning balance | 903 | 351 | 351 |
Charge-offs | (40) | ||
Recoveries | 66 | ||
Provision for loan losses | (186) | 592 | |
Ending balance | 783 | 903 | |
Individually evaluated for impairment | 102 | 107 | |
Collectively evaluated for impairment | 681 | 796 | |
Individually evaluated for impairment | 542 | 549 | |
Collectively evaluated for impairment | 96,752 | 101,563 | |
Total loans receivable | 97,294 | 102,112 | |
FUSB [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | |||
Beginning balance | 2 | 1 | 1 |
Charge-offs | |||
Recoveries | |||
Provision for loan losses | 1 | ||
Ending balance | 2 | 2 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 2 | 2 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 230 | 234 | |
Total loans receivable | 230 | 234 | |
FUSB [Member] | Commercial and Industrial Loans [Member] | |||
Beginning balance | 527 | 659 | 659 |
Charge-offs | (2) | ||
Recoveries | 4 | 73 | |
Provision for loan losses | 157 | (203) | |
Ending balance | 688 | 527 | |
Individually evaluated for impairment | 45 | ||
Collectively evaluated for impairment | 643 | 527 | |
Individually evaluated for impairment | 70 | ||
Collectively evaluated for impairment | 57,183 | 57,963 | |
Total loans receivable | 57,253 | 57,963 | |
FUSB [Member] | Consumer Portfolio Segment [Member] | |||
Total loans receivable | 6,057 | 6,206 | |
FUSB [Member] | Consumer Portfolio Segment [Member] | Consumer Loans[Member] | |||
Beginning balance | 50 | 41 | 41 |
Charge-offs | (2) | (43) | |
Recoveries | 13 | 50 | |
Provision for loan losses | (17) | 2 | |
Ending balance | 44 | 50 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 44 | 50 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 6,057 | 6,206 | |
Total loans receivable | 6,057 | 6,206 | |
FUSB [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision for loan losses | |||
Ending balance | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Total loans receivable | |||
ALC [Member] | |||
Beginning balance | 2,447 | 2,452 | 2,452 |
Charge-offs | (806) | (3,026) | |
Recoveries | 202 | 710 | |
Provision for loan losses | 515 | 2,311 | |
Ending balance | 2,358 | 2,447 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 2,358 | 2,447 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 93,081 | 94,912 | |
Total loans receivable | 93,081 | 94,912 | |
ALC [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision for loan losses | |||
Ending balance | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Total loans receivable | |||
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | |||
Beginning balance | 107 | 250 | 250 |
Charge-offs | (13) | (56) | |
Recoveries | 15 | 39 | |
Provision for loan losses | (33) | (126) | |
Ending balance | 76 | 107 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 76 | 107 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 12,993 | 13,724 | |
Total loans receivable | 12,993 | 13,724 | |
ALC [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision for loan losses | |||
Ending balance | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Total loans receivable | |||
ALC [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision for loan losses | |||
Ending balance | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Total loans receivable | |||
ALC [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision for loan losses | |||
Ending balance | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Total loans receivable | |||
ALC [Member] | Commercial and Industrial Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision for loan losses | |||
Ending balance | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | |||
Total loans receivable | |||
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans[Member] | |||
Beginning balance | 1,717 | 1,584 | 1,584 |
Charge-offs | (658) | (2,218) | |
Recoveries | 137 | 451 | |
Provision for loan losses | 470 | 1,900 | |
Ending balance | 1,666 | 1,717 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 1,666 | 1,717 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 32,892 | 36,413 | |
Total loans receivable | 32,892 | 36,413 | |
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | |||
Beginning balance | 623 | 618 | 618 |
Charge-offs | (135) | (752) | |
Recoveries | 50 | 220 | |
Provision for loan losses | 78 | 537 | |
Ending balance | 616 | 623 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 616 | 623 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 47,196 | 44,775 | |
Total loans receivable | 47,196 | 44,775 | |
FUSB and ALC [Member] | |||
Beginning balance | 4,856 | 3,781 | 3,781 |
Charge-offs | (808) | (3,177) | |
Recoveries | 316 | 1,056 | |
Provision for loan losses | 515 | 3,196 | |
Ending balance | 4,879 | 4,856 | |
Individually evaluated for impairment | 574 | 535 | |
Collectively evaluated for impairment | 4,305 | 4,321 | |
Individually evaluated for impairment | 2,164 | 2,103 | |
Collectively evaluated for impairment | 326,603 | 332,678 | |
Total loans receivable | 328,767 | 334,781 | |
FUSB and ALC [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | |||
Beginning balance | 535 | 110 | 110 |
Charge-offs | |||
Recoveries | 200 | ||
Provision for loan losses | 71 | 225 | |
Ending balance | 606 | 535 | |
Individually evaluated for impairment | 422 | 423 | |
Collectively evaluated for impairment | 184 | 112 | |
Individually evaluated for impairment | 1,361 | 1,361 | |
Collectively evaluated for impairment | 24,492 | 22,411 | |
Total loans receivable | 25,853 | 23,772 | |
FUSB and ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | |||
Beginning balance | 411 | 388 | 388 |
Charge-offs | (13) | (122) | |
Recoveries | 46 | 62 | |
Provision for loan losses | (85) | 83 | |
Ending balance | 359 | 411 | |
Individually evaluated for impairment | 5 | 5 | |
Collectively evaluated for impairment | 354 | 406 | |
Individually evaluated for impairment | 191 | 193 | |
Collectively evaluated for impairment | 45,337 | 46,486 | |
Total loans receivable | 45,528 | 46,679 | |
FUSB and ALC [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | |||
Beginning balance | 88 | 29 | 29 |
Charge-offs | |||
Recoveries | |||
Provision for loan losses | 27 | 59 | |
Ending balance | 115 | 88 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 115 | 88 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 16,464 | 16,627 | |
Total loans receivable | 16,464 | 16,627 | |
FUSB and ALC [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | |||
Beginning balance | 903 | 351 | 351 |
Charge-offs | (40) | ||
Recoveries | 66 | ||
Provision for loan losses | (186) | 592 | |
Ending balance | 783 | 903 | |
Individually evaluated for impairment | 102 | 107 | |
Collectively evaluated for impairment | 681 | 796 | |
Individually evaluated for impairment | 542 | 549 | |
Collectively evaluated for impairment | 96,752 | 101,563 | |
Total loans receivable | 97,294 | 102,112 | |
FUSB and ALC [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | |||
Beginning balance | 2 | 1 | 1 |
Charge-offs | |||
Recoveries | |||
Provision for loan losses | 1 | ||
Ending balance | 2 | 2 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 2 | 2 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 230 | 234 | |
Total loans receivable | 230 | 234 | |
FUSB and ALC [Member] | Commercial and Industrial Loans [Member] | |||
Beginning balance | 527 | 659 | 659 |
Charge-offs | (2) | ||
Recoveries | 4 | 73 | |
Provision for loan losses | 157 | (203) | |
Ending balance | 688 | 527 | |
Individually evaluated for impairment | 45 | ||
Collectively evaluated for impairment | 643 | 527 | |
Individually evaluated for impairment | 70 | ||
Collectively evaluated for impairment | 57,183 | 57,963 | |
Total loans receivable | 57,253 | 57,963 | |
FUSB and ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans[Member] | |||
Beginning balance | 1,767 | 1,625 | 1,625 |
Charge-offs | (660) | (2,261) | |
Recoveries | 150 | 501 | |
Provision for loan losses | 453 | 1,902 | |
Ending balance | 1,710 | 1,767 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 1,710 | 1,767 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 38,949 | 42,619 | |
Total loans receivable | 38,949 | 42,619 | |
FUSB and ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | |||
Beginning balance | 623 | $ 618 | 618 |
Charge-offs | (135) | (752) | |
Recoveries | 50 | 220 | |
Provision for loan losses | 78 | 537 | |
Ending balance | 616 | 623 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 616 | 623 | |
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 47,196 | 44,775 | |
Total loans receivable | $ 47,196 | $ 44,775 |
Note 4 - Loans and Allowance 41
Note 4 - Loans and Allowance for Loan Losses - Carrying Amount of Loans By Credit Quality Indicator (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Total loans | $ 328,767 | $ 334,781 |
FUSB [Member] | ||
Total loans | 235,686 | 239,869 |
FUSB [Member] | Pass [Member] | ||
Total loans | 227,766 | 231,785 |
FUSB [Member] | Special Mention [Member] | ||
Total loans | 4,675 | 4,755 |
FUSB [Member] | Substandard [Member] | ||
Total loans | 3,245 | 3,329 |
FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
ALC [Member] | ||
Total loans | 93,081 | 94,912 |
ALC [Member] | Performing Financial Instruments [Member] | ||
Total loans | 91,439 | 93,013 |
ALC [Member] | Nonperforming Financial Instruments [Member] | ||
Total loans | 1,642 | 1,899 |
Consumer Portfolio Segment [Member] | FUSB [Member] | ||
Total loans | 6,057 | 6,206 |
Consumer Portfolio Segment [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 6,057 | 6,126 |
Consumer Portfolio Segment [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | ||
Consumer Portfolio Segment [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 80 | |
Consumer Portfolio Segment [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Commercial and Industrial Loans [Member] | ||
Total loans | 57,253 | 57,963 |
Commercial and Industrial Loans [Member] | FUSB [Member] | ||
Total loans | 57,253 | 57,963 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 54,816 | 55,481 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | 2,187 | 2,227 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 250 | 255 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Commercial and Industrial Loans [Member] | ALC [Member] | ||
Total loans | ||
Other Loans [Member] | FUSB [Member] | ||
Total loans | ||
Other Loans [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | ||
Other Loans [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | ||
Other Loans [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | ||
Other Loans [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | ||
Total loans | 25,853 | 23,772 |
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 25,853 | 23,772 |
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 24,323 | 22,240 |
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | ||
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 1,530 | 1,532 |
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | ALC [Member] | ||
Total loans | ||
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | ||
Total loans | 45,528 | 46,679 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 32,535 | 32,955 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 31,552 | 31,995 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | 207 | 213 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 776 | 747 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | ALC [Member] | ||
Total loans | 12,993 | 13,724 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | ALC [Member] | Performing Financial Instruments [Member] | ||
Total loans | 12,744 | 13,507 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | ALC [Member] | Nonperforming Financial Instruments [Member] | ||
Total loans | 249 | 217 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | ||
Total loans | 13,724 | |
Consumer Loans[Member] | Consumer Portfolio Segment [Member] | ||
Total loans | 38,949 | 42,619 |
Consumer Loans[Member] | Consumer Portfolio Segment [Member] | FUSB [Member] | ||
Total loans | 6,057 | 6,206 |
Consumer Loans[Member] | Consumer Portfolio Segment [Member] | ALC [Member] | ||
Total loans | 32,892 | 36,413 |
Consumer Loans[Member] | Consumer Portfolio Segment [Member] | ALC [Member] | Performing Financial Instruments [Member] | ||
Total loans | 31,994 | 35,278 |
Consumer Loans[Member] | Consumer Portfolio Segment [Member] | ALC [Member] | Nonperforming Financial Instruments [Member] | ||
Total loans | 898 | 1,135 |
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | ||
Total loans | 47,196 | 44,775 |
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | FUSB [Member] | ||
Total loans | ||
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | ||
Total loans | 47,196 | 44,775 |
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | Performing Financial Instruments [Member] | ||
Total loans | 46,701 | 44,228 |
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | Nonperforming Financial Instruments [Member] | ||
Total loans | 495 | 547 |
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | ||
Total loans | 16,464 | 16,627 |
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 16,464 | 16,627 |
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 16,464 | 16,627 |
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | ||
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | ||
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | ALC [Member] | ||
Total loans | ||
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | ||
Total loans | 97,294 | 102,112 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 97,294 | 102,112 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 94,324 | 99,082 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | 2,281 | 2,315 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 689 | 715 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | ALC [Member] | ||
Total loans | ||
Other Real Estate Loans [Member] | Real Estate [Member] | ||
Total loans | 230 | 234 |
Other Real Estate Loans [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 230 | 234 |
Other Real Estate Loans [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 230 | 234 |
Other Real Estate Loans [Member] | Real Estate [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | ||
Other Real Estate Loans [Member] | Real Estate [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | ||
Other Real Estate Loans [Member] | Real Estate [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Other Real Estate Loans [Member] | Real Estate [Member] | ALC [Member] | ||
Total loans |
Note 4 - Loans and Allowance 42
Note 4 - Loans and Allowance for Loan Losses - Schedule of Aging Analysis of Past Due Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Total loans | $ 328,767 | $ 334,781 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Total loans | 25,853 | 23,772 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Total loans | 45,528 | 46,679 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Total loans | 16,464 | 16,627 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Total loans | 97,294 | 102,112 |
Real Estate [Member] | Other Real Estate Loans [Member] | ||
Total loans | 230 | 234 |
Commercial and Industrial Loans [Member] | ||
Total loans | 57,253 | 57,963 |
Consumer Portfolio Segment [Member] | Consumer Loans[Member] | ||
Total loans | 38,949 | 42,619 |
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||
Total loans | 47,196 | 44,775 |
FUSB [Member] | ||
Total past due | 582 | 1,268 |
Current | 235,104 | 238,601 |
Total loans | 235,686 | 239,869 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 292 | 245 |
FUSB [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 258 | 926 |
FUSB [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 32 | 97 |
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Total past due | 86 | 86 |
Current | 25,767 | 23,686 |
Total loans | 25,853 | 23,772 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 86 | 86 |
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Total past due | 388 | 378 |
Current | 32,147 | 32,577 |
Total loans | 32,535 | 32,955 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 191 | 145 |
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 197 | 164 |
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 69 | |
FUSB [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Current | 16,464 | 16,627 |
Total loans | 16,464 | 16,627 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Total past due | 762 | |
Current | 97,294 | 101,350 |
Total loans | 97,294 | 102,112 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 762 | |
FUSB [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | ||
Current | 230 | 234 |
Total loans | 230 | 234 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Commercial and Industrial Loans [Member] | ||
Total past due | 21 | 14 |
Current | 57,232 | 57,949 |
Total loans | 57,253 | 57,963 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Commercial and Industrial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 15 | 14 |
FUSB [Member] | Commercial and Industrial Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 6 | |
FUSB [Member] | Consumer Portfolio Segment [Member] | ||
Total past due | 87 | 28 |
Current | 5,970 | 6,178 |
Total loans | 6,057 | 6,206 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 61 | |
FUSB [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 26 | 28 |
FUSB [Member] | Consumer Portfolio Segment [Member] | Consumer Loans[Member] | ||
Total loans | 6,057 | 6,206 |
FUSB [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||
Total loans | ||
ALC [Member] | ||
Total past due | 2,690 | 3,080 |
Current | 90,391 | 91,832 |
Total loans | 93,081 | 94,912 |
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 1,590 | 1,806 |
ALC [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 617 | 693 |
ALC [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 483 | 581 |
ALC [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Total loans | ||
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Total past due | 290 | 303 |
Current | 12,703 | 13,421 |
Total loans | 12,993 | 13,724 |
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 242 | 213 |
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 47 | 61 |
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 1 | 29 |
ALC [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Current | ||
Total loans | ||
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Current | ||
Total loans | ||
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | ||
Current | ||
Total loans | ||
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Commercial and Industrial Loans [Member] | ||
Current | ||
Total loans | ||
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans[Member] | ||
Total past due | 1,659 | 1,958 |
Current | 31,233 | 34,455 |
Total loans | 32,892 | 36,413 |
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans[Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 889 | 1,104 |
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans[Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 434 | 441 |
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans[Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 336 | 413 |
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||
Total past due | 741 | 819 |
Current | 46,455 | 43,956 |
Total loans | 47,196 | 44,775 |
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 459 | 489 |
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 136 | 191 |
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | $ 146 | $ 139 |
Note 4 - Loans and Allowance 43
Note 4 - Loans and Allowance for Loan Losses - Analysis of Non-accruing Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Total loans | $ 2,205 | $ 2,417 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Total loans | 86 | 86 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Total loans | 623 | 570 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Total loans | 0 | |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Total loans | 39 | 53 |
Commercial and Industrial Loans [Member] | ||
Total loans | 31 | 32 |
Consumer Portfolio Segment [Member] | ||
Total loans | $ 1,426 | $ 1,676 |
Note 4 - Loans and Allowance 44
Note 4 - Loans and Allowance for Loan Losses - Carrying Amount of Impaired Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Impaired loans with no related allowance recorded, Carrying Amount | ||
Impaired loans with no related allowance recorded, Unpaid Principal Balance | ||
Impaired loans with an allowance recorded, Carrying Amount | 2,164 | 2,103 |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 2,164 | 2,103 |
Impaired loans with an allowance recorded, Related Allowances | 574 | 535 |
Total impaired loans, Carrying Amount | 2,164 | 2,103 |
Total impaired loans, Unpaid Principal Balance | 2,164 | 2,103 |
Total impaired loans, Related Allowance | 574 | 535 |
Total impaired loans, Carrying Amount | 2,164 | 2,103 |
Total impaired loans, Unpaid Principal Balance | 2,164 | 2,103 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Impaired loans with no related allowance recorded, Carrying Amount | ||
Impaired loans with no related allowance recorded, Unpaid Principal Balance | ||
Impaired loans with an allowance recorded, Carrying Amount | 1,361 | 1,361 |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 1,361 | 1,361 |
Impaired loans with an allowance recorded, Related Allowances | 422 | 423 |
Total impaired loans, Carrying Amount | 1,361 | 1,361 |
Total impaired loans, Unpaid Principal Balance | 1,361 | 1,361 |
Total impaired loans, Related Allowance | 422 | 423 |
Total impaired loans, Carrying Amount | 1,361 | 1,361 |
Total impaired loans, Unpaid Principal Balance | 1,361 | 1,361 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Impaired loans with no related allowance recorded, Carrying Amount | ||
Impaired loans with no related allowance recorded, Unpaid Principal Balance | ||
Impaired loans with an allowance recorded, Carrying Amount | 191 | 193 |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 191 | 193 |
Impaired loans with an allowance recorded, Related Allowances | 5 | 5 |
Total impaired loans, Carrying Amount | 191 | 193 |
Total impaired loans, Unpaid Principal Balance | 191 | 193 |
Total impaired loans, Related Allowance | 5 | 5 |
Total impaired loans, Carrying Amount | 191 | 193 |
Total impaired loans, Unpaid Principal Balance | 191 | 193 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Impaired loans with no related allowance recorded, Carrying Amount | ||
Impaired loans with no related allowance recorded, Unpaid Principal Balance | ||
Impaired loans with an allowance recorded, Carrying Amount | ||
Impaired loans with an allowance recorded, Unpaid Principal Balance | ||
Impaired loans with an allowance recorded, Related Allowances | ||
Total impaired loans, Carrying Amount | ||
Total impaired loans, Unpaid Principal Balance | ||
Total impaired loans, Related Allowance | ||
Total impaired loans, Carrying Amount | ||
Total impaired loans, Unpaid Principal Balance | ||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Impaired loans with no related allowance recorded, Carrying Amount | ||
Impaired loans with no related allowance recorded, Unpaid Principal Balance | ||
Impaired loans with an allowance recorded, Carrying Amount | 542 | 549 |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 542 | 549 |
Impaired loans with an allowance recorded, Related Allowances | 102 | 107 |
Total impaired loans, Carrying Amount | 542 | 549 |
Total impaired loans, Unpaid Principal Balance | 542 | 549 |
Total impaired loans, Related Allowance | 102 | 107 |
Total impaired loans, Carrying Amount | 542 | 549 |
Total impaired loans, Unpaid Principal Balance | 542 | 549 |
Commercial and Industrial Loans [Member] | ||
Impaired loans with no related allowance recorded, Carrying Amount | ||
Impaired loans with no related allowance recorded, Unpaid Principal Balance | ||
Impaired loans with an allowance recorded, Carrying Amount | 70 | |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 70 | |
Impaired loans with an allowance recorded, Related Allowances | 45 | |
Total impaired loans, Carrying Amount | 70 | |
Total impaired loans, Unpaid Principal Balance | 70 | |
Total impaired loans, Related Allowance | 45 | |
Total impaired loans, Carrying Amount | 70 | |
Total impaired loans, Unpaid Principal Balance | $ 70 |
Note 4 - Loans and Allowance 45
Note 4 - Loans and Allowance for Loan Losses - Average Net Investment Impaired Loans and Interest Income Recognized and Received on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Average Recorded Investment | $ 2,119 | $ 2,170 |
Interest Income Recognized | 25 | 88 |
Interest Income Received | 22 | 84 |
Real Estate [Member] | ||
Average Recorded Investment | ||
Interest Income Recognized | ||
Interest Income Received | ||
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Average Recorded Investment | 1,361 | 1,381 |
Interest Income Recognized | 10 | 41 |
Interest Income Received | 10 | 39 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Average Recorded Investment | 193 | 232 |
Interest Income Recognized | 4 | 14 |
Interest Income Received | 5 | 14 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Average Recorded Investment | ||
Interest Income Recognized | ||
Interest Income Received | ||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Average Recorded Investment | 542 | 557 |
Interest Income Recognized | 8 | 33 |
Interest Income Received | 5 | $ 31 |
Commercial and Industrial Loans [Member] | ||
Average Recorded Investment | 23 | |
Interest Income Recognized | 3 | |
Interest Income Received | $ 2 |
Note 4 - Loans and Allowance 46
Note 4 - Loans and Allowance for Loan Losses - Number of Loans Modified Troubled Debt Restructuring by Loan Portfolio (Details) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Number of Loans | Security Loan | 8 | 8 |
Pre-Modification Oustanding Principal Balance | $ 2,447 | $ 2,447 |
Post-Modification Principal Balance | $ 1,736 | $ 1,664 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Number of Loans | Security Loan | 2 | 2 |
Pre-Modification Oustanding Principal Balance | $ 1,960 | $ 1,960 |
Post-Modification Principal Balance | $ 1,363 | $ 1,286 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Number of Loans | Security Loan | 3 | 3 |
Pre-Modification Oustanding Principal Balance | $ 318 | $ 318 |
Post-Modification Principal Balance | $ 246 | $ 249 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Number of Loans | Security Loan | 1 | 1 |
Pre-Modification Oustanding Principal Balance | $ 53 | $ 53 |
Post-Modification Principal Balance | $ 40 | $ 41 |
Commercial and Industrial Loans [Member] | ||
Number of Loans | Security Loan | 2 | 2 |
Pre-Modification Oustanding Principal Balance | $ 116 | $ 116 |
Post-Modification Principal Balance | $ 87 | $ 88 |
Note 5 - Other Real Estate Ow47
Note 5 - Other Real Estate Owned (Details Textual) - USD ($) $ in Millions | Mar. 31, 2017 | Mar. 31, 2016 |
Foreclosed Real Estate Owned, Fair Value Less Disposal Costs | $ 0.8 | $ 1.2 |
Mortgage Loans in Process of Foreclosure, Amount | $ 0.1 | $ 0.3 |
Note 5 - Other Real Estate Ow48
Note 5 - Other Real Estate Owned - Foreclosed Property Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Beginning balance | $ 4,858 | $ 6,038 |
Transfers from loans | 20 | 18 |
Sales proceeds | (288) | (686) |
Gross gains | 13 | 25 |
Gross losses | (16) | (16) |
Net gains (losses) | (3) | 9 |
Impairment | (23) | |
Ending balance | 4,587 | 5,356 |
FUSB [Member] | ||
Beginning balance | 4,353 | 5,327 |
Transfers from loans | ||
Sales proceeds | (204) | (609) |
Gross gains | 13 | |
Gross losses | (1) | (16) |
Net gains (losses) | 12 | (16) |
Impairment | ||
Ending balance | 4,161 | 4,702 |
ALC [Member] | ||
Beginning balance | 505 | 711 |
Transfers from loans | 20 | 18 |
Sales proceeds | (84) | (77) |
Gross gains | 25 | |
Gross losses | (15) | |
Net gains (losses) | (15) | 25 |
Impairment | (23) | |
Ending balance | $ 426 | $ 654 |
Note 6 - Investment in Limite49
Note 6 - Investment in Limited Partnership (Details Textual) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Maximum [Member] | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | $ 0.1 | $ 0.1 |
Partnership Interest [Member] | ||
Noncontrolling Interest, Ownership Percentage by Parent | 99.90% |
Note 7 - Short-term Borrowings
Note 7 - Short-term Borrowings (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | |
Short-term Debt | $ 10,750 | $ 10,119 |
Available Fund Lines From Correspondent Banks | 18,800 | 18,800 |
Securities Sold under Agreements to Repurchase | 800 | 100 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | 10,000 | 10,000 |
Federal Funds Purchased | $ 0 | $ 0 |
Minimum [Member] | ||
Maturity Period of Federal Funds | 1 day | |
Maximum [Member] | ||
Maturity Period of Federal Funds | 4 days |
Note 8 - Long-term Debt (Detail
Note 8 - Long-term Debt (Details Textual) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Long-term Federal Home Loan Bank Advances | $ 15 | $ 15 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 26.1 | 28 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 157 | $ 155 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Income Tax Expense (Benefit) | $ 130 | $ 100 | |
Period With Cumulative Gain Position | 3 years | ||
Effective Income Tax Rate Reconciliation, Percent | 24.30% | 24.00% | |
Deferred Tax Assets, Net | $ 8,200 | $ 8,700 |
Note 10 - Deferred Compensati53
Note 10 - Deferred Compensation Plans (Details Textual) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Other Liabilities [Member] | ||
Deferred Compensation Liability, Current and Noncurrent | $ 3.5 | $ 3.5 |
Note 11 - Stock Awards (Details
Note 11 - Stock Awards (Details Textual) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Maximum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 0.7 | $ 0.1 |
Employee Stock Option [Member] | Omnibus Incentive Plan [Member] | ||
Allocated Share-based Compensation Expense | $ 0.1 | $ 0.1 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term | 10 years | |
Employee Stock Option [Member] | Omnibus Incentive Plan [Member] | Minimum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | |
Employee Stock Option [Member] | Omnibus Incentive Plan [Member] | Maximum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |
Restricted Stock [Member] | Omnibus Incentive Plan [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 7,533 | |
Restricted Stock [Member] | Omnibus Incentive Plan [Member] | Minimum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | |
Restricted Stock [Member] | Omnibus Incentive Plan [Member] | Maximum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years |
Note 11 - Stock Awards - Fair V
Note 11 - Stock Awards - Fair Value Assumptions (Details) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Risk-free interest rate | 2.23% | 1.58% |
Expected term (Year) | 7 years 182 days | 7 years 182 days |
Expected stock price volatility | 25.36% | 25.25% |
Dividend yield | 1.50% | 1.50% |
Note 11 - Stock Awards - Stock
Note 11 - Stock Awards - Stock Option Activity (Details) - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Outstanding, beginning of period, Number of Shares (in shares) | 272,550 | 175,550 |
Outstanding, beginning of period, Average Exercise Price (in dollars per share) | $ 8.21 | $ 8.17 |
Stock Options Granted, Number of Shares (in shares) | 64,600 | 97,000 |
Stock Options Granted, Average Exercise Price (in dollars per share) | $ 14.11 | $ 8.30 |
Stock Options Exercised, Number of Shares (in shares) | 16,650 | 0 |
Stock Options Exercised, Average Exercise Price (in dollars per share) | $ 8.15 | $ 0 |
Stock Options Expired, Number of Shares (in shares) | 0 | 0 |
Stock Options Expired, Average Exercise Price (in dollars per share) | $ 0 | $ 0 |
Stock Options Forfeited, Number of Shares (in shares) | 0 | |
Stock Options Forfeited, Average Exercise Price (in dollars per share) | $ 0 | |
Options outstanding, end of period, Number of Shares (in shares) | 320,500 | 272,550 |
Options outstanding, end of period, Average Exercise Price (in dollars per share) | $ 9.41 | $ 8.21 |
Options exercisable, end of period, Number of Shares (in shares) | 210,633 | 175,550 |
Options exercisable, end of period, Average Exercise Price (in dollars per share) | $ 8.20 | $ 8.17 |
Note 12 - Derivative Financia57
Note 12 - Derivative Financial Instruments (Details Textual) $ in Thousands | Apr. 05, 2016USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2016USD ($) |
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (543) | $ (1,277) | ||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 200 | |||
FUSB [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative, Notional Amount | $ 10,000 | |||
Derivative, Term of Contract | 7 years | |||
Derivative, Fixed Interest Rate | 1.46% | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net | $ 0 | |||
FUSB [Member] | Interest Rate Cap [Member] | Not Designated as Hedging Instrument [Member] | ||||
Derivative, Notional Amount | $ 40,000 | |||
Derivative, Number of Instruments Held | 3 | |||
Payments of Derivative Issuance Costs | $ 100 | |||
Derivative, Fair Value, Net | $ 0 |
Note 13 - Segment Reporting (De
Note 13 - Segment Reporting (Details Textual) | 3 Months Ended |
Mar. 31, 2017 | |
Number of Reportable Segments | 2 |
Note 13 - Segment Reporting - R
Note 13 - Segment Reporting - Results for Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Net interest income | $ 6,919 | $ 6,661 | |
Provision for loan losses | 515 | 167 | |
Total non-interest income | 1,167 | 989 | |
Total non-interest expense | 7,037 | 7,066 | |
Income before income taxes | 534 | 417 | |
Provision for income taxes | 130 | 100 | |
Net income | 404 | 317 | |
Total assets | 619,827 | 575,582 | $ 606,892 |
Total investment securities | 213,497 | 231,466 | |
Total loans, net | 317,677 | 263,975 | 322,772 |
Investment in subsidiaries | 5 | 5 | |
Fixed asset additions | 4,087 | 3,229 | |
Depreciation and amortization expense | 242 | 232 | |
Total interest income from external customers | 7,510 | 7,196 | |
Total interest income from affiliates | |||
Intersegment Eliminations [Member] | |||
Net interest income | |||
Provision for loan losses | |||
Total non-interest income | (763) | (659) | |
Total non-interest expense | (170) | (135) | |
Income before income taxes | (593) | (524) | |
Provision for income taxes | |||
Net income | (593) | (524) | |
Total assets | (173,601) | (169,845) | |
Total investment securities | |||
Total loans, net | (76,509) | (72,542) | |
Investment in subsidiaries | (76,976) | (77,716) | |
Fixed asset additions | |||
Depreciation and amortization expense | |||
Total interest income from external customers | |||
Total interest income from affiliates | (1,117) | (1,015) | |
FUSB [Member] | |||
Provision for loan losses | 885 | ||
Total loans, net | 232,916 | 237,242 | |
FUSB [Member] | Operating Segments [Member] | |||
Net interest income | 3,911 | 3,598 | |
Provision for loan losses | (280) | ||
Total non-interest income | 836 | 721 | |
Total non-interest expense | 4,401 | 4,334 | |
Income before income taxes | 346 | 265 | |
Provision for income taxes | 98 | 48 | |
Net income | 248 | 217 | |
Total assets | 622,528 | 577,945 | |
Total investment securities | 213,417 | 231,386 | |
Total loans, net | 309,425 | 256,037 | |
Investment in subsidiaries | 5 | 5 | |
Fixed asset additions | 4,025 | 3,224 | |
Depreciation and amortization expense | 201 | 180 | |
Total interest income from external customers | 3,392 | 3,124 | |
Total interest income from affiliates | 1,114 | 1,012 | |
ALC [Member] | |||
Provision for loan losses | 515 | 2,311 | |
Total loans, net | 84,761 | $ 85,530 | |
ALC [Member] | Operating Segments [Member] | |||
Net interest income | 3,005 | 3,060 | |
Provision for loan losses | 515 | 447 | |
Total non-interest income | 244 | 252 | |
Total non-interest expense | 2,377 | 2,427 | |
Income before income taxes | 357 | 438 | |
Provision for income taxes | 130 | 158 | |
Net income | 227 | 280 | |
Total assets | 88,233 | 84,353 | |
Total investment securities | |||
Total loans, net | 84,761 | 80,480 | |
Investment in subsidiaries | |||
Fixed asset additions | 62 | 5 | |
Depreciation and amortization expense | 41 | 52 | |
Total interest income from external customers | 4,118 | 4,072 | |
Total interest income from affiliates | |||
Other Segments [Member] | Operating Segments [Member] | |||
Net interest income | 3 | 3 | |
Provision for loan losses | |||
Total non-interest income | 850 | 675 | |
Total non-interest expense | 429 | 440 | |
Income before income taxes | 424 | 238 | |
Provision for income taxes | (98) | (106) | |
Net income | 522 | 344 | |
Total assets | 82,667 | 83,129 | |
Total investment securities | 80 | 80 | |
Total loans, net | |||
Investment in subsidiaries | 76,976 | 77,716 | |
Fixed asset additions | |||
Depreciation and amortization expense | |||
Total interest income from external customers | |||
Total interest income from affiliates | $ 3 | $ 3 |
Note 14 - Guarantees, Commitm60
Note 14 - Guarantees, Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Credit Losses Associated With Derivative Contracts | $ 0 | $ 0 | |
Securities Committed to Purchase Amount | 0 | $ 0 | |
Securities Committed to Sell Amount | 0 | $ 0 | |
Construction Management Agreement [Member] | |||
Construction and Development Costs | 8,200 | ||
Guarantor Obligations, Maximum Exposure, Undiscounted | 3,500 | ||
Development in Process, Estimated Additional Expenditures | 1,700 | ||
Estimated Depreciation | $ 500 |
Note 14 - Guarantees, Commitm61
Note 14 - Guarantees, Commitments and Contingencies - Summary of Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Standby Letters of Credit [Member] | ||
Commitments and contingent liabilities | $ 183 | $ 183 |
Commitments to Extend Credit [Member] | ||
Commitments and contingent liabilities | $ 43,806 | $ 41,267 |
Note 15 - Fair Value of Finan62
Note 15 - Fair Value of Financial Instruments - Schedule of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Investment securities available-for-sale, at fair value | $ 183,858 | $ 181,910 |
Fair Value, Measurements, Recurring [Member] | Other Assets [Member] | ||
Other assets - derivatives, fair value | 358 | 346 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Assets [Member] | ||
Other assets - derivatives, fair value | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Assets [Member] | ||
Other assets - derivatives, fair value | 358 | 346 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Assets [Member] | ||
Other assets - derivatives, fair value | ||
Residential Mortgage Backed Securities [Member] | ||
Investment securities available-for-sale, at fair value | 96,499 | 98,409 |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 96,499 | 98,409 |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment securities available-for-sale, at fair value | ||
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment securities available-for-sale, at fair value | 96,499 | 98,409 |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment securities available-for-sale, at fair value | ||
Commercial Mortgage Backed Securities [Member] | ||
Investment securities available-for-sale, at fair value | 76,501 | 70,530 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 76,501 | 70,530 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment securities available-for-sale, at fair value | ||
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment securities available-for-sale, at fair value | 76,501 | 70,530 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment securities available-for-sale, at fair value | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Investment securities available-for-sale, at fair value | 8,024 | 10,142 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 8,024 | 10,142 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment securities available-for-sale, at fair value | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment securities available-for-sale, at fair value | 8,024 | 10,142 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment securities available-for-sale, at fair value | ||
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 2,004 | 1,993 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment securities available-for-sale, at fair value | ||
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment securities available-for-sale, at fair value | 2,004 | 1,993 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment securities available-for-sale, at fair value | ||
Corporate Debt Securities [Member] | ||
Investment securities available-for-sale, at fair value | 750 | 756 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 750 | 756 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment securities available-for-sale, at fair value | ||
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment securities available-for-sale, at fair value | 750 | 756 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment securities available-for-sale, at fair value | ||
US Treasury Securities [Member] | ||
Investment securities available-for-sale, at fair value | 80 | 80 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 80 | 80 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment securities available-for-sale, at fair value | ||
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment securities available-for-sale, at fair value | 80 | 80 |
US Treasury Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment securities available-for-sale, at fair value |
Note 15 - Fair Value of Finan63
Note 15 - Fair Value of Financial Instruments - Balances of Impaired Loans and OREO Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Other Assets [Member] | ||
Financial assets measured at fair value | $ 280 | $ 280 |
Fair Value, Inputs, Level 1 [Member] | Other Assets [Member] | ||
Financial assets measured at fair value | ||
Fair Value, Inputs, Level 2 [Member] | Other Assets [Member] | ||
Financial assets measured at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Other Assets [Member] | ||
Financial assets measured at fair value | 280 | 280 |
Impaired Loans [Member] | ||
Financial assets measured at fair value | 1,590 | 1,568 |
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets measured at fair value | ||
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets measured at fair value | ||
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets measured at fair value | 1,590 | 1,568 |
OREO [Member] | ||
Financial assets measured at fair value | 4,587 | 4,858 |
OREO [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets measured at fair value | ||
OREO [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets measured at fair value | ||
OREO [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets measured at fair value | $ 4,587 | $ 4,858 |
Note 15 - Fair Value of Finan64
Note 15 - Fair Value of Financial Instruments - Summary of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Details) - Fair Value, Inputs, Level 3 [Member] $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Other Assets [Member] | |
Fair value | $ 280 |
Minimum [Member] | Other Assets [Member] | |
Quantitative range of unobservable inputs | 9.00% |
Maximum [Member] | Other Assets [Member] | |
Quantitative range of unobservable inputs | 10.00% |
Weighted Average [Member] | Other Assets [Member] | |
Quantitative range of unobservable inputs | 9.50% |
Impaired Loans [Member] | |
Fair value | $ 1,590 |
Impaired Loans [Member] | Minimum [Member] | |
Quantitative range of unobservable inputs | 9.00% |
Impaired Loans [Member] | Maximum [Member] | |
Quantitative range of unobservable inputs | 10.00% |
Impaired Loans [Member] | Weighted Average [Member] | |
Quantitative range of unobservable inputs | 9.50% |
OREO [Member] | |
Fair value | $ 4,587 |
OREO [Member] | Minimum [Member] | |
Quantitative range of unobservable inputs | 9.00% |
OREO [Member] | Maximum [Member] | |
Quantitative range of unobservable inputs | 10.00% |
OREO [Member] | Weighted Average [Member] | |
Quantitative range of unobservable inputs | 9.50% |
Note 15 - Fair Value of Finan65
Note 15 - Fair Value of Financial Instruments - Schedule of Estimated Fair Value and Related Carrying or Notional Amounts of Company's Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Investment securities available-for-sale, at fair value | $ 183,858 | $ 181,910 |
Investment securities held-to-maturity | 29,358 | 25,508 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 32,905 | 23,530 |
Investment securities available-for-sale, at fair value | 183,858 | 181,910 |
Investment securities held-to-maturity | 29,639 | 25,904 |
Federal Home Loan Bank stock | 1,609 | 1,581 |
Loans, net of allowance for loan losses | 317,677 | 322,772 |
Other assets – derivatives | 358 | 346 |
Deposits | 509,078 | 497,556 |
Short-term borrowings | 10,750 | 10,119 |
Long-term debt | 15,000 | 15,000 |
Deposits | 509,078 | 497,556 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 32,905 | 23,530 |
Investment securities available-for-sale, at fair value | 183,858 | 181,910 |
Investment securities held-to-maturity | 29,357 | 25,508 |
Federal Home Loan Bank stock | 1,609 | 1,581 |
Loans, net of allowance for loan losses | 313,079 | 319,881 |
Other assets – derivatives | 358 | 346 |
Deposits | 508,634 | 497,037 |
Short-term borrowings | 10,750 | 10,119 |
Long-term debt | 15,001 | 14,998 |
Deposits | 508,634 | 497,037 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 32,905 | 23,530 |
Investment securities available-for-sale, at fair value | ||
Investment securities held-to-maturity | ||
Federal Home Loan Bank stock | ||
Loans, net of allowance for loan losses | ||
Other assets – derivatives | ||
Deposits | ||
Short-term borrowings | ||
Long-term debt | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Investment securities available-for-sale, at fair value | 183,858 | 181,910 |
Investment securities held-to-maturity | 29,357 | 25,508 |
Federal Home Loan Bank stock | ||
Loans, net of allowance for loan losses | ||
Other assets – derivatives | 358 | 346 |
Deposits | 508,634 | 497,037 |
Short-term borrowings | 10,750 | 10,119 |
Long-term debt | 15,001 | 14,998 |
Deposits | 508,634 | 497,037 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Investment securities available-for-sale, at fair value | ||
Investment securities held-to-maturity | ||
Federal Home Loan Bank stock | 1,609 | 1,581 |
Loans, net of allowance for loan losses | 313,079 | 319,881 |
Other assets – derivatives | ||
Deposits | ||
Short-term borrowings | ||
Long-term debt | ||
Deposits |