Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | May 04, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | 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) | 6,087,264 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Interim Condensed Consolidated
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 7,806 | $ 7,577 |
Interest-bearing deposits in banks | 26,667 | 19,547 |
Total cash and cash equivalents | 34,473 | 27,124 |
Federal funds sold | 15,000 | |
Investment securities available-for-sale, at fair value | 156,642 | 153,871 |
Investment securities held-to-maturity, at amortized cost | 25,300 | 26,279 |
Federal Home Loan Bank stock, at cost | 1,413 | 1,609 |
Loans, net of allowance for loan losses of $4,829 and $4,774, respectively | 353,805 | 346,121 |
Premises and equipment, net | 26,197 | 26,433 |
Cash surrender value of bank-owned life insurance | 15,000 | 14,923 |
Accrued interest receivable | 2,011 | 2,057 |
Other real estate owned | 3,343 | 3,792 |
Other assets | 9,135 | 8,372 |
Total assets | 627,319 | 625,581 |
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
Deposits | 525,273 | 517,079 |
Accrued interest payable | 387 | 381 |
Other liabilities | 5,836 | 6,319 |
Short-term borrowings | 10,298 | 15,594 |
Long-term debt | 10,000 | 10,000 |
Total liabilities | 551,794 | 549,373 |
Commitments and contingencies | ||
Shareholders’ equity: | ||
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,351,466 and 7,345,946 shares issued, respectively; 6,087,264 and 6,081,744 shares outstanding, respectively | 73 | 73 |
Surplus | 10,867 | 10,755 |
Accumulated other comprehensive loss, net of tax | (1,955) | (868) |
Retained earnings | 86,965 | 86,673 |
Less treasury stock: 1,264,202 shares at cost | (20,414) | (20,414) |
Noncontrolling interest | (11) | (11) |
Total shareholders’ equity | 75,525 | 76,208 |
Total liabilities and shareholders’ equity | $ 627,319 | $ 625,581 |
Interim Condensed Consolidated3
Interim Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Loans, allowance for loan losses | $ 4,829 | $ 4,774 |
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) | 7,351,466 | 7,345,946 |
Common stock, shares outstanding (in shares) | 6,087,264 | 6,081,744 |
Treasury stock, shares (in shares) | 1,264,202 | 1,264,202 |
Interim Condensed Consolidated4
Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Interest income: | ||
Interest and fees on loans | $ 7,089 | $ 6,496 |
Interest on investment securities | 1,030 | 1,014 |
Total interest income | 8,119 | 7,510 |
Interest expense: | ||
Interest on deposits | 701 | 528 |
Interest on borrowings | 104 | 63 |
Total interest expense | 805 | 591 |
Net interest income | 7,314 | 6,919 |
Provision for loan losses | 658 | 515 |
Net interest income after provision for loan losses | 6,656 | 6,404 |
Non-interest income: | ||
Credit insurance income | 218 | 256 |
Net gain on sales and prepayments of investment securities | 3 | 49 |
Mortgage fees from secondary market | 117 | |
Other income, net | 335 | 398 |
Total non-interest income | 1,140 | 1,167 |
Non-interest expense: | ||
Salaries and employee benefits | 4,567 | 4,398 |
Net occupancy and equipment | 889 | 777 |
Computer services | 292 | 387 |
Fees for professional services | 273 | 233 |
Other expense | 1,280 | 1,242 |
Total non-interest expense | 7,301 | 7,037 |
Income before income taxes | 495 | 534 |
Provision for income taxes | 81 | 130 |
Net income | $ 414 | $ 404 |
Basic net income per share (in dollars per share) | $ 0.07 | $ 0.07 |
Diluted net income per share (in dollars per share) | 0.06 | 0.06 |
Dividends per share (in dollars per share) | $ 0.02 | $ 0.02 |
Deposit Account [Member] | ||
Non-interest income: | ||
Service and other charges on deposit accounts | $ 467 | $ 464 |
Interim Condensed Consolidated5
Interim Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Net income | $ 414 | $ 404 |
Other comprehensive income: | ||
Unrealized holding gains on securities available-for-sale arising during period, net of tax expense (benefit) of $(472) and $424, respectively | (1,419) | 757 |
Reclassification adjustment for net gains on securities available-for-sale realized in net income, net of tax expense of $1 and $18, respectively | (2) | (31) |
Unrealized holding gains arising during the period on effective cash flow hedge derivatives, net of tax expense of $112 and $4, respectively | 334 | 8 |
Other comprehensive income (loss) | (1,087) | 734 |
Total comprehensive income (loss) | $ (673) | $ 1,138 |
Interim Condensed Consolidated6
Interim Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Unrealized holding gains (losses) on securities available-for-sale arising during period, tax expense (benefit) | $ (472) | $ 424 |
Reclassification adjustment for net gains on securities available-for-sale realized in net income, tax expense | 1 | 18 |
Unrealized holding gains (losses) arising during the period on effective cash flow hedge derivatives, tax expense (benefit) | $ 112 | $ 4 |
Interim Condensed Consolidated7
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities: | ||
Net income | $ 414 | $ 404 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Depreciation and amortization | 351 | 242 |
Provision for loan losses | 658 | 515 |
Deferred income tax provision | 79 | 128 |
Net gain on sale and prepayment of investment securities | (3) | (49) |
Stock-based compensation expense | 112 | 79 |
Net amortization of securities | (225) | (313) |
Net loss on premises and equipment and other real estate | 12 | 80 |
Changes in assets and liabilities: | ||
Decrease in accrued interest receivable | 46 | 63 |
Increase in other assets | (67) | (28) |
Increase (decrease) in accrued interest payable | 6 | (12) |
Decrease in other liabilities | (483) | (262) |
Net cash provided by operating activities | 1,350 | 1,473 |
Cash flows from investing activities: | ||
Net decrease in federal funds sold | 15,000 | |
Purchases of investment securities, available-for-sale | (15,224) | (15,254) |
Purchases of investment securities, held-to-maturity | (4,696) | |
Proceeds from maturities and prepayments of investment securities, available-for-sale | 10,367 | 14,228 |
Proceeds from maturities and prepayments of investment securities, held-to-maturity | 949 | 925 |
Net decrease (increase) in Federal Home Loan Bank stock | 196 | (28) |
Proceeds from the sale of premises and equipment and other real estate | 711 | 424 |
Net decrease (increase) in loans | (8,661) | 4,397 |
Purchases of premises and equipment | (115) | (4,087) |
Net cash provided by (used in) investing activities | 3,223 | (4,091) |
Cash flows from financing activities: | ||
Net increase in deposits | 8,194 | 11,522 |
Net increase (decrease) in short-term borrowings | (5,296) | 631 |
Net share-based compensation transactions | (39) | |
Dividends paid | (122) | (121) |
Net cash provided by financing activities | 2,776 | 11,993 |
Net increase in cash and cash equivalents | 7,349 | 9,375 |
Cash and cash equivalents, beginning of period | 27,124 | 23,530 |
Cash and cash equivalents, end of period | 34,473 | 32,905 |
Supplemental disclosures: | ||
Interest | 799 | 603 |
Income taxes | 136 | |
Non-cash transactions: | ||
Assets acquired in settlement of loans | $ 213 | $ 183 |
Note 1 - General
Note 1 - General | 3 Months Ended |
Mar. 31, 2018 | |
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 December 31, 2018 . While certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“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 10 December 31, 2017. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2018 | |
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, 2017. Net Income Per Share Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding (basic shares). 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 (dilutive shares). 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, 2018 2017 Basic shares 6,188,861 6,158,399 Dilutive shares 379,701 320,500 Diluted shares 6,568,562 6,478,899 Three Months Ended March 31, 2018 2017 (Dollars in Thousands, Except Per Share Data) Net income $ 414 $ 404 Basic net income per share $ 0.07 $ 0.07 Diluted net income per share $ 0.06 $ 0.06 Comprehensive Income 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”) 2017 12 , “Targeted Improvements to Accounting for Hedging Activities.” Accounting Standards Codification (“ ASC”) Topic 815, December 15, 2018, not 2017 12 ASU 2016 13, .” Issued in June 2016, 2016 13 not 2016 13 2016 13 December 15, 2019. first ASU 2016 02, Leases (Topic 842 Issued in February 2016, 2016 02 2016 02 12 not 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 January 1, 2018. 2016 01 not 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 2014 09 January 1, 2018. 2014 09 not Revenue On January 1, 2018, Accounting Standards Update 2014 09, Revenue from Contracts with Customers ASC Topic 606. 606 December 31, 2017, no no first 2018. January 1, 2018 606, The majority of the Company’s revenue is generated through interest earned on financial instruments, including loans and investment securities, which falls outside the scope of ASC 606. 606. All of the Company’s revenue that is subject to ASC 606 not 606. 606 three March 31, 2018 2017 $0.8 $0.7 606 no March 31, 2018. |
Note 3 - Investment Securities
Note 3 - Investment Securities | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 3. INVESTMENT SECURITIES Details of investment securities available-for-sale and held-to-maturity as of March 31, 2018 December 31, 2017 Available-for-Sale March 31 , 201 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 87,463 $ 202 $ (1,983 ) $ 85,682 Commercial 67,846 16 (1,868 ) 65,994 Obligations of states and political subdivisions 4,749 140 (3 ) 4,886 U.S. Treasury securities 80 — — 80 Total $ 160,138 $ 358 $ (3,854 ) $ 156,642 Held-to-Maturity March 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 14,237 $ — $ (342 ) $ 13,895 Obligations of U.S. government-sponsored agencies 9,209 — (255 ) 8,954 Obligations of states and political subdivisions 1,854 — (16 ) 1,838 Total $ 25,300 $ — $ (613 ) $ 24,687 Available-for-Sale December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 83,360 $ 286 $ (860 ) $ 82,786 Commercial 67,281 27 (1,234 ) 66,074 Obligations of states and political subdivisions 4,752 182 (3 ) 4,931 U.S. Treasury securities 80 — — 80 Total $ 155,473 $ 495 $ (2,097 ) $ 153,871 Held-to-Maturity December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 15,065 $ 1 $ (186 ) $ 14,880 Obligations of U.S. government-sponsored agencies 9,326 7 (144 ) 9,189 Obligations of states and political subdivisions 1,888 5 (13 ) 1,880 Total $ 26,279 $ 13 $ (343 ) $ 25,949 The scheduled maturities of investment securities available-for-sale and held-to-maturity as of March 31, 2018 Available-for-Sale Held-to-Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (Dollars in Thousands) Maturing within one year $ 699 $ 707 $ — $ — Maturing after one to five years 22,234 21,719 1,827 1,813 Maturing after five to ten years 80,332 78,419 4,293 4,217 Maturing after ten years 56,873 55,797 19,180 18,657 Total $ 160,138 $ 156,642 $ 25,300 $ 24,687 For purposes of the maturity table, mortgage-backed securities, which are not 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, 2018 December 31, 2017. Available-for-Sale March 31 , 201 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 56,885 $ (1,209 ) $ 21,126 $ (774 ) Commercial 20,155 (398 ) 44,735 (1,470 ) Obligations of states and political subdivisions 426 (3 ) — — U.S. Treasury securities 80 — — — Total $ 77,546 $ (1,610 ) $ 65,861 $ (2,244 ) Held-to-Maturity March 31 , 2018 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Commercial $ 7,642 $ (150 ) $ 6,253 $ (192 ) Obligations of U.S. government-sponsored agencies 1,656 (23 ) 7,298 (232 ) Obligations of states and political subdivisions 1,311 (8 ) 527 (8 ) Total $ 10,609 $ (181 ) $ 14,078 $ (432 ) Available-for-Sale December 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 $ 47,007 $ (467 ) $ 21,122 $ (393 ) Commercial 18,554 (180 ) 46,312 (1,054 ) Obligations of states and political subdivisions 428 (3 ) — — U.S. Treasury securities 80 — — — Total $ 66,069 $ (650 ) $ 67,434 $ (1,447 ) Held-to-Maturity December 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 $ 7,895 $ (63 ) $ 6,675 $ (123 ) Obligations of U.S. government-sponsored agencies 865 (2 ) 7,388 (142 ) Obligations of states and political subdivisions 571 (3 ) 531 (10 ) Total $ 9,331 $ (68 ) $ 14,594 $ (275 ) Management evaluates securities for other-than-temporary impairment no not As of March 31, 2018, 75 12 94 12 December 31, 2017, 72 12 83 12 March 31, 2018 December 31, 2017, not not March 31, 2018 or December 31, 2017. Investment securities with a carrying value of $78.0 million and $86.8 March 31, 2018 December 31, 2017, |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2018 | |
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 farmland. 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, 2018 December 31, 2017, March 31 , 201 Bank ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 25,965 $ — $ 25,965 Secured by 1-4 family residential properties 36,618 9,963 46,581 Secured by multi-family residential properties 16,396 — 16,396 Secured by non-farm, non-residential properties 111,546 — 111,546 Other 188 — 188 Commercial and industrial loans 65,996 — 65,996 Consumer loans: Consumer 5,416 32,758 38,174 Indirect sales — 60,157 60,157 Total loans 262,125 102,878 365,003 Less: Unearned interest, fees and deferred cost 349 6,020 6,369 Allowance for loan losses 2,500 2,329 4,829 Net loans $ 259,276 $ 94,529 $ 353,805 December 31, 2017 Bank ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 26,143 $ — $ 26,143 Secured by 1-4 family residential properties 34,272 10,801 45,073 Secured by multi-family residential properties 16,579 — 16,579 Secured by non-farm, non-residential properties 105,133 — 105,133 Other 190 — 190 Commercial and industrial loans 69,969 — 69,969 Consumer loans: Consumer 5,217 34,083 39,300 Indirect sales — 55,071 55,071 Total loans 257,503 99,955 357,458 Less: Unearned interest, fees and deferred cost 374 6,189 6,563 Allowance for loan losses 2,447 2,327 4,774 Net loans $ 254,682 $ 91,439 $ 346,121 The Company makes commercial, real estate and installment loans to its customers. Although the Company has a diversified loan portfolio, 55 .0% 54.0% March 31, 2018 December 31, 2017, 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 unrelated parties. Management believes that such loans do not March 31, 2018 December 31, 2017 $0.4 $0.5 three March 31, 2018, no $0.1 December 31, 2017, no $11 Allowance for Loan Losses The following tables present changes in the allowance for loan losses during the three March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017: Bank Three M onths Ended March 31 , 201 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 $ 203 $ 238 $ 116 $ 777 $ 2 $ 1,049 $ 62 $ — $ 2,447 Charge-offs — (8 ) — — — — — — (8 ) Recoveries — 10 — 3 — 5 4 — 22 Provision (7 ) 14 (1 ) 18 — 36 (21 ) — 39 Ending balance $ 196 $ 254 $ 115 $ 798 $ 2 $ 1,090 $ 45 $ — $ 2,500 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ 5 $ — $ 14 $ — $ 69 $ — $ — $ 88 Collectively evaluated for impairment 196 249 115 784 2 1,021 45 — 2,412 Total allowance for loan losses $ 196 $ 254 $ 115 $ 798 $ 2 $ 1,090 $ 45 $ — $ 2,500 Ending balance of loans receivable: Individually evaluated for impairment $ — $ 186 $ — $ 524 $ — $ 69 $ — $ — $ 779 Collectively evaluated for impairment 25,965 36,432 16,396 111,022 188 65,927 5,416 — 261,346 Total loans receivable $ 25,965 $ 36,618 $ 16,396 $ 111,546 $ 188 $ 65,996 $ 5,416 $ — $ 262,125 ALC Three Months Ended March 31, 2018 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 $ — $ 52 $ — $ — $ — $ — $ 1,653 $ 622 $ 2,327 Charge-offs — (14 ) — — — — (604 ) (147 ) (765 ) Recoveries — 5 — — — — 122 21 148 Provision — (7 ) — — — — 481 145 619 Ending balance $ — $ 36 $ — $ — $ — $ — $ 1,652 $ 641 $ 2,329 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 36 — — — — 1,652 641 2,329 Total allowance for loan losses $ — $ 36 $ — $ — $ — $ — $ 1,652 $ 641 $ 2,329 Ending balance of loans receivable: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 9,963 — — — — 32,758 60,157 102,878 Total loans receivable $ — $ 9,963 $ — $ — $ — $ — $ 32,758 $ 60,157 $ 102,878 Bank and ALC Three Months Ended March 31, 2018 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 $ 203 $ 290 $ 116 $ 777 $ 2 $ 1,049 $ 1,715 $ 622 $ 4,774 Charge-offs — (22 ) — — — — (604 ) (147 ) (773 ) Recoveries — 15 — 3 — 5 126 21 170 Provision (7 ) 7 (1 ) 18 — 36 460 145 658 Ending balance $ 196 $ 290 $ 115 $ 798 $ 2 $ 1,090 $ 1,697 $ 641 $ 4,829 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ 5 $ — $ 14 $ — $ 69 $ — $ — $ 88 Collectively evaluated for impairment 196 285 115 784 2 1,021 1,697 641 4,741 Total allowance for loan losses $ 196 $ 290 $ 115 $ 798 $ 2 $ 1,090 $ 1,697 $ 641 $ 4,829 Ending balance of loans receivable: Individually evaluated for impairment $ — $ 186 $ — $ 524 $ — $ 69 $ — $ — $ 779 Collectively evaluated for impairment 25,965 46,395 16,396 111,022 188 65,927 38,174 60,157 364,224 Total loans receivable $ 25,965 $ 46,581 $ 16,396 $ 111,546 $ 188 $ 65,996 $ 38,174 $ 60,157 $ 365,003 Bank Year Ended December 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 $ 304 $ 88 $ 903 $ 2 $ 527 $ 50 $ — $ 2,409 Charge-offs — — — — — (16 ) (63 ) — (79 ) Recoveries — 103 — 69 — 19 56 — 247 Provision (332 ) (169 ) 28 (195 ) — 519 19 — (130 ) Ending balance $ 203 $ 238 $ 116 $ 777 $ 2 $ 1,049 $ 62 $ — $ 2,447 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ 5 $ — $ 21 $ — $ 72 $ — $ — $ 98 Collectively evaluated for impairment 203 233 116 756 2 977 62 — 2,349 Total allowance for loan losses $ 203 $ 238 $ 116 $ 777 $ 2 $ 1,049 $ 62 $ — $ 2,447 Loan receivables: Individually evaluated for impairment $ — $ 187 $ — $ 532 $ — $ 72 $ — $ — $ 791 Collectively evaluated for impairment 26,143 34,085 16,579 104,601 190 69,897 5,217 — 256,712 Total loans receivable $ 26,143 $ 34,272 $ 16,579 $ 105,133 $ 190 $ 69,969 $ 5,217 $ — $ 257,503 ALC Year Ended December 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 — (28 ) — — — — (2,297 ) (587 ) (2,912 ) Recoveries — 32 — — — — 545 98 675 Provision — (59 ) — — — — 1,688 488 2,117 Ending balance $ — $ 52 $ — $ — $ — $ — $ 1,653 $ 622 $ 2,327 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 52 — — — — 1,653 622 2,327 Total allowance for loan losses $ — $ 52 $ — $ — $ — $ — $ 1,653 $ 622 $ 2,327 Ending balance of loans receivable: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 10,801 — — — — 34,083 55,071 99,955 Total loans receivable $ — $ 10,801 $ — $ — $ — $ — $ 34,083 $ 55,071 $ 99,955 Bank and ALC Year Ended December 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 — (28 ) — — — (16 ) (2,360 ) (587 ) (2,991 ) Recoveries — 135 — 69 — 19 601 98 922 Provision (332 ) (228 ) 28 (195 ) — 519 1,707 488 1,987 Ending balance $ 203 $ 290 $ 116 $ 777 $ 2 $ 1,049 $ 1,715 $ 622 $ 4,774 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ 5 $ — $ 21 $ — $ 72 $ — $ — $ 98 Collectively evaluated for impairment 203 285 116 756 2 977 1,715 622 4,676 Total allowance for loan losses $ 203 $ 290 $ 116 $ 777 $ 2 $ 1,049 $ 1,715 $ 622 $ 4,774 Loan receivables: Individually evaluated for impairment $ — $ 187 $ — $ 532 $ — $ 72 $ — $ — $ 791 Collectively evaluated for impairment 26,143 44,886 16,579 104,601 190 69,897 39,300 55,071 356,667 Total loans receivable $ 26,143 $ 45,073 $ 16,579 $ 105,133 $ 190 $ 69,969 $ 39,300 $ 55,071 $ 357,458 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 not not not ● 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 worth and paying capacity of the obligor or by the collateral pledged, if any. Normal repayment from the borrower is in jeopardy, although no not not ● 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 not no not 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, 2018. 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 $ 25,697 $ 85 $ 183 $ — $ 25,965 Secured by 1-4 family residential properties 35,569 335 714 — 36,618 Secured by multi-family residential properties 16,396 — — — 16,396 Secured by non-farm, non-residential properties 108,933 2,104 509 — 111,546 Other 188 — — — 188 Commercial and industrial loans 63,764 2,033 199 — 65,996 Consumer loans 5,358 — 58 — 5,416 Other loans — — — — — Total $ 255,905 $ 4,557 $ 1,663 $ — $ 262,125 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 9,732 $ 231 $ 9,963 Consumer loans: Consumer 31,861 897 32,758 Indirect sales 59,617 540 60,157 Total $ 101,210 $ 1,668 $ 102,878 The tables below illustrate the carrying amount of loans by credit quality indicator as of December 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 $ 25,872 $ 84 $ 187 $ — $ 26,143 Secured by 1-4 family residential properties 33,278 339 655 — 34,272 Secured by multi-family residential properties 16,579 — — — 16,579 Secured by non-farm, non-residential properties 99,847 4,766 520 — 105,133 Other 190 — — — 190 Commercial and industrial loans 67,689 2,066 214 — 69,969 Consumer loans 5,155 — 62 — 5,217 Total $ 248,610 $ 7,255 $ 1,638 $ — $ 257,503 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 10,495 $ 306 $ 10,801 Consumer loans: Consumer 32,933 1,150 34,083 Indirect sales 54,611 460 55,071 Total $ 98,039 $ 1,916 $ 99,955 The following tables provide an aging analysis of past due loans by class as of March 31, 2018. Bank As of March 31 , 2018 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 $ — $ — $ — $ — $ 25,965 $ 25,965 $ — Secured by 1-4 family residential properties 154 19 82 255 36,363 36,618 — Secured by multi-family residential properties — — — — 16,396 16,396 — Secured by non-farm, non-residential properties 115 — — 115 111,431 111,546 — Other — — — — 188 188 — Commercial and industrial loans 36 21 — 57 65,939 65,996 — Consumer loans 21 — — 21 5,395 5,416 — Total $ 326 $ 40 $ 82 $ 448 $ 261,677 $ 262,125 $ — ALC As of March 31 , 2018 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 104 28 231 363 9,600 9,963 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans: Consumer 526 323 897 1,746 31,012 32,758 — Indirect sales 244 176 540 960 59,197 60,157 — Total $ 874 $ 527 $ 1,668 $ 3,069 $ 99,809 $ 102,878 $ — The following tables provide an aging analysis of past due loans by class as of December 31, 201 7. Bank As of December 31, 201 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 $ — $ — $ — $ — $ 26,143 $ 26,143 $ — Secured by 1-4 family residential properties 227 — 52 279 33,993 34,272 — Secured by multi-family residential properties — — — — 16,579 16,579 — Secured by non-farm, non-residential properties 13 — — 13 105,120 105,133 — Other — — — — 190 190 — Commercial and industrial loans 70 — — 70 69,899 69,969 — Consumer loans 42 — — 42 5,175 5,217 — Total $ 352 $ — $ 52 $ 404 $ 257,099 $ 257,503 $ — ALC As of December 31, 201 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 23 290 374 10,427 10,801 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans: Consumer 490 323 1,111 1,924 32,159 34,083 — Indirect sales 281 230 433 944 54,127 55,071 — Total $ 832 $ 576 $ 1,834 $ 3,242 $ 96,713 $ 99,955 $ — The following table provides an analysis of non-accruing loans by class as of March 31, 2018 December 31, 2017. Loans on Non-Accrual Status March 31 , 2018 December 31, 201 (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — Secured by 1-4 family residential properties 507 501 Secured by multi-family residential properties — — Secured by non-farm, non-residential properties 24 29 Commercial and industrial loans 11 12 Consumer loans 955 1,173 Indirect sales 540 433 Total loans $ 2,037 $ 2,148 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 no $0.5 seven As of March 31, 2018, March 31 , 201 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 $ — $ — $ — Secured by 1-4 family residential properties 186 186 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 524 524 14 Commercial and industrial 69 69 69 Total loans with an allowance recorded $ 779 $ 779 $ 88 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties 186 186 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 524 524 14 Commercial and industrial 69 69 69 Total impaired loans $ 779 $ 779 $ 88 As of December 31, 2017, December 31, 2017 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 $ — $ — $ — Secured by 1-4 family residential properties 187 187 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 532 532 21 Commercial and industrial 72 72 72 Total loans with an allowance recorded $ 791 $ 791 $ 98 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties 187 187 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 532 532 21 Commercial and industrial 72 72 72 Total impaired loans $ 791 $ 791 $ 98 The average net investment in impaired loans and interest income recognized and received on impaired loans during the three March 31, 2018 December 31, 2017 March 31 , 2018 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties 187 3 3 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 526 9 9 Commercial and industrial 69 1 2 Total $ 782 $ 13 $ 14 December 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 $ 902 $ — $ — Secured by 1-4 family residential properties 190 13 14 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 537 35 35 Commercial and industrial 59 7 5 Total $ 1,688 $ 55 $ 54 Loans on which the accrual of interest has been discontinued amounted to $2.0 million and $2.1 March 31, 2018 December 31, 2017, $6 $19 March 31, 2018 December 31, 2017, March 31, 2018 December 31, 2017 $1 $3 Troubled Debt Restructurings Troubled debt restructurings include loans with respect to which concessions have been granted to borrowers that generally would not not may s of note structure, principal balance reductions or some combination of these concessions. There were no three March 31, 2018. may six not March 31, 2018 December 31, 2017, $0.1 three March 31, 2018 December 31, 2017, no The following table provides the number of loans remaining in each loan category, as of March 31, 2018 December 31, 2017, March 31 , 2018 December 31, 2017 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 1 $ 107 $ 80 1 $ 107 $ 82 Secured by 1-4 family residential properties 3 318 141 3 318 165 Secured by non-farm, non-residential properties 1 53 36 1 53 37 Commercial loans 2 116 80 2 116 81 Total 7 $ 594 $ 337 7 $ 594 $ 365 As of March 31, 2018 December 31, 2017, no Restructured loan modifications primarily included maturity date extensions and payment schedule modifications. There were no no ’s allowance for loan losses resulting from the modifications. All loans with a principal balance of $0.5 $2 March 31, 2018 December 31, 2017. |
Note 5 - Other Real Estate Owne
Note 5 - Other Real Estate Owned | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | 5. OTHER REAL ESTATE OWNED AND REPOSSESSIONS Other Real Estate Owned Other real estate and certain other assets acquired in foreclosure are reported at the net realizable value of the property, less estimated costs to sell. The following tables summarize foreclosed property activity as of the three March 31, 2018 2017: March 31 , 2018 Bank ALC Total (Dollars in Thousands) Beginning balance $ 3,527 $ 265 $ 3,792 Additions (1) 106 25 131 Sales proceeds (611 ) (20 ) (631 ) Gross gains 121 — 121 Gross losses — (23 ) (23 ) Net gains (losses) 121 (23 ) 98 Impairment (43 ) (4 ) (47 ) Ending balance $ 3,100 $ 243 $ 3,343 March 31 , 2017 Bank ALC Total (Dollars in Thousands) Beginning balance $ 4,353 $ 505 $ 4,858 Additions (1) — 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 ( 1 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. Net realizable value less estimated costs to sell of foreclosed residential real estate held by the Company was $0.6 $0.8 March 31, 2018 2017, not March 31, 2018 $0.1 March 31, 2017. Repossessions In addition to the other real estate and other assets acquired in foreclosure, ALC also acquires assets through the repossession of the underlying collateral of loans in default. Total repossessed assets at ALC as of March 31, 2018 December 31, 2017 $0.3 $0.2 |
Note 6 - Investment in Limited
Note 6 - Investment in Limited Partnership | 3 Months Ended |
Mar. 31, 2018 | |
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, 2018 December 31, 2017. |
Note 7 - Short-term Borrowings
Note 7 - Short-term Borrowings | 3 Months Ended |
Mar. 31, 2018 | |
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 $10.3 $15.6 March 31, 2018 December 31, 2017, Federal funds purchased, which represent unsecured lines of credit that generally mature within one four March 31, 2018 December 31, 2017, 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, 2018 December 31, 2017 $0.3 $0.6 Short-term FHLB advances are secured borrowings available to the Bank as an alternative funding source. As of March 31, 2018 December 31, 2017, $10.0 $15.0 one |
Note 8 - Long-term Debt
Note 8 - Long-term Debt | 3 Months Ended |
Mar. 31, 2018 | |
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 $10.0 March 31, 2018 December 31, 2017 Assets pledged associated with FHLB advances totaled $23.2 $26.0 March 31, 2018 December 31, 2017, March 31, 2018 December 31, 2017, $167.6 $159.3 |
Note 9 - Income Taxes
Note 9 - Income Taxes | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 9. INCOME TAXES The Tax Cuts and Jobs Act of 2017 “Tax Reform”) was enacted in December 2017. 21% 2018. The provision for income taxes was $0.1 three March 31, 2018 2017. 16.4% 24.3%, first 2018 first 2017 The Company had a net deferred tax asset of $5.9 million and $5.6 March 31, 2018 December 31, 2017, |
Note 10 - Deferred Compensation
Note 10 - Deferred Compensation Plans | 3 Months Ended |
Mar. 31, 2018 | |
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 $3.4 $3.5 March 31, 2018 December 31, 2017, 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 permits non-employee directors to invest their directors’ fees and to receive the adjusted value of the deferred amounts in cash and/or shares of Bancshares’ common stock. Neither Bancshares nor the Bank makes any contribution to participants’ accounts under the Deferral Plan. As of March 31, 2018 December 31, 2017, 106,566 103,620 |
Note 11 - Stock Awards
Note 11 - Stock Awards | 3 Months Ended |
Mar. 31, 2018 | |
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, 2018 2017. Stock Options Stock option awards have been 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. 2018 2017 Risk-free interest rate 2.77 % 2.23 % Expected term (in years) 7.5 7.5 Expected stock price volatility 28.3 % 25.4 % 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 , 2018 March 31 , 2017 Number of Shares Average Exercise Price Number of Shares Average Exercise Price Options: Outstanding, beginning of period 318,000 $ 9.43 272,550 $ 8.21 Granted 62,150 11.71 64,600 14.11 Exercised — — 16,650 8.15 Expired — — — — Forfeited 450 11.71 — — Options outstanding, end of period 379,700 $ 9.80 320,500 $ 9.41 Options exercisable, end of period 248,300 $ 8.71 210,633 $ 8.20 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 $0.8 $0.7 March 31, 2018 2017, Restricted Stock During the first three 2018 2017, 5,520 7,533 |
Note 12 - Derivative Financial
Note 12 - Derivative Financial Instruments | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 12. DERIVATIVE FINANCIAL INSTRUMENTS The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of certain balance sheet assets and liabilities. In the normal course of business, the Company also uses derivative financial instruments to add stability to interest income or expense and to manage its exposure to movements in interest rates. The Company does not Effective April 5, 2016, three $10.0 18 April 5, 2023. three seven April 5, 2016 April 5, 2023. 1.46% three $10.0 On October 18, 2017, three $10.0 October 18, 2024. three seven October 18, 2017 October 18, 2024. October 18, 2017, 2.16% three $10.0 No three March 31, 2018. $0.7 $0.3 March 31, 2018 December 31, 2017, |
Note 13 - Segment Reporting
Note 13 - Segment Reporting | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 13. SEGMENT REPORTING Under ASC Topic 280, Segment Reporting two 2, 10 December 31, 2017. two All Bank ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended March 3 1 , 2018 : Net interest income $ 4,117 $ 3,193 $ 4 $ — $ 7,314 Provision for loan losses 39 619 — — 658 Total non-interest income 867 256 853 (836 ) 1,140 Total non-interest expense 4,531 2,524 447 (201 ) 7,301 Income before income taxes 414 306 410 (635 ) 495 Provision for income taxes 70 70 (59 ) — 81 Net income $ 344 $ 236 $ 469 $ (635 ) $ 414 Other significant items: Total assets $ 629,954 $ 97,685 $ 81,020 $ (181,340 ) $ 627,319 Total investment securities 181,862 — 80 — 181,942 Total loans, net 344,319 94,529 — (85,043 ) 353,805 Investment in subsidiaries 5 — 75,055 (75,055 ) 5 Fixed asset additions 113 2 — — 115 Depreciation and amortization expense 318 33 — — 351 Total interest income from external customers 3,837 4,282 — — 8,119 Total interest income from affiliates 1,089 — 4 (1,093 ) — All Bank ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended March 31 , 2017 : Net interest income $ 3,911 $ 3,005 $ 3 $ — $ 6,919 Provision (reduction in reserve) 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 addition 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 ) — |
Note 14 - Guarantees, Commitmen
Note 14 - Guarantees, Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2018 | |
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 not three March 31, 2018 2017, 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 March 3 1 , 201 8 December 31, 201 7 (Dollars in Thousands) Standby letters of credit $ 180 $ 180 Commitments to extend credit $ 54,250 $ 55,801 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, 2018 December 31, 2017, A commitment to extend credit is an agreement to lend to a customer as long as there is no may not 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, 2018 December 31, 2017, no no The Company is self-insured for a significant portion of employee health benefits. However, the Company maintains stop-loss coverage with third ’ estimates accrued liability for the ultimate costs to close known claims, as well as claims incurred but not $0.2 March 31, 2018 December 31, 2017. may Litigation The Company is party to certain ordinary course litigation from time to time, 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 |
Note 15 - Fair Value of Financi
Note 15 - Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2018 | |
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 not 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 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 three March 31, 2018 December 31, 2017. 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 not 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, 2018 December 31, 2017. no Fair Value Measurements as of March 3 1 , 201 8 Using Totals At March 3 1 , 2018 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 $ 85,682 $ — $ 85,682 $ — Commercial 65,994 — 65,994 — Obligations of states and political subdivisions 4,886 — 4,886 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 889 — 889 — Fair Value Measurements as of December 31, 2017 Using Totals At December 31, 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) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 82,786 $ — $ 82,786 $ — Commercial 66,074 — 66,074 — Obligations of states and political subdivisions 4,931 — 4,931 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 443 — 443 — 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 net realizable value , less estimated cost to sell. Estimates of fair value are generally based on third 3 Assets Held for Sale 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 assets held for sale measured at fair value on a non-recurring basis as of March 31, 2018 December 31, 2017. Fair Value Measurements as of March 3 1 , 2018 Using Totals At March 3 1 , 2018 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 $ 691 $ — $ — $ 691 OREO 3,343 — — 3,343 Assets held for sale 228 — — 228 Fair Value Measurements as of December 31, 201 7 Using Totals At December 31, 201 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 $ 694 $ — $ — $ 694 OREO 3,792 — — 3,792 Assets held for sale 228 — — 228 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, 2018. March 31, 2018 Level 3 Significant Unobservable Input Assumptions Fair Value March 3 1 , 2018 Valuation Technique Unobservable Input Quantitative Range of Unobservable Inputs (Weighted Average) (Dollars in Thousands) Non-recurring fair value measurements: Impaired loans $ 691 Multiple data points, including discount to appraised value of collateral based on recent market activity Appraisal comparability adjustment (discount) 9% - 10% (9.5% ) OREO $ 3,343 Discount to appraised value of property based on recent market activity for sales of similar properties Appraisal comparability adjustment (discount) 9% - 10% (9.5% ) Assets held for sale $ 228 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 Assets Held for Sale Assets designated as held for sale that are under a binding contract are valued based on the contract price. If no Fair Value of Financial Instruments ASC Topic 825, Instruments not 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 Investment securities: Fair values of investment securities are based on quoted market prices where available. If quoted market prices are not 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, 2018 December 31, 2017. 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, 2018 December 31, 2017, March 3 1 , 2018 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 34,473 $ 34,473 $ 34,473 $ — $ — Investment securities available-for-sale 156,642 156,642 — 156,642 — Investment securities held-to-maturity 25,300 24,687 — 24,687 — Federal Home Loan Bank stock 1,413 1,413 — — 1,413 Loans, net of allowance for loan losses 353,805 346,658 — — 346,648 Other assets – derivatives 889 889 — 889 — Liabilities: Deposits 525,273 522,767 — 522,767 — Short-term borrowings 10,298 10,298 — 10,298 — Long-term debt 10,000 9,998 — 9,998 — December 31, 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 27,124 $ 27,124 $ 27,124 $ — $ — Investment securities available-for-sale 153,871 153,871 — 153,871 — Investment securities held-to-maturity 26,279 25,949 — 25,949 — Federal funds sold 15,000 15,000 — 15,000 — Federal Home Loan Bank stock 1,609 1,609 — — 1,609 Loans, net of allowance for loan losses 346,121 342,248 — — 342,248 Other assets – derivatives 443 443 — 443 — Liabilities: Deposits 517,079 515,645 — 515,645 — Short-term borrowings 15,594 15,594 — 15,594 — Long-term debt 10,000 9,998 — 9,998 — |
Note 16 - Subsequent Events
Note 16 - Subsequent Events | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 16. SUBSEQUENT EVENTS Subsequent to March 31, 2018, third 2018, $800 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Earnings Per Share, Policy [Policy Text Block] | Net Income Per Share Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding (basic shares). 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 (dilutive shares). 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, 2018 2017 Basic shares 6,188,861 6,158,399 Dilutive shares 379,701 320,500 Diluted shares 6,568,562 6,478,899 Three Months Ended March 31, 2018 2017 (Dollars in Thousands, Except Per Share Data) Net income $ 414 $ 404 Basic net income per share $ 0.07 $ 0.07 Diluted net income per share $ 0.06 $ 0.06 |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income 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”) 2017 12 , “Targeted Improvements to Accounting for Hedging Activities.” Accounting Standards Codification (“ ASC”) Topic 815, December 15, 2018, not 2017 12 ASU 2016 13, .” Issued in June 2016, 2016 13 not 2016 13 2016 13 December 15, 2019. first ASU 2016 02, Leases (Topic 842 Issued in February 2016, 2016 02 2016 02 12 not 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 January 1, 2018. 2016 01 not 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 2014 09 January 1, 2018. 2014 09 not |
Revenue from Contract with Customer [Policy Text Block] | Revenue On January 1, 2018, Accounting Standards Update 2014 09, Revenue from Contracts with Customers ASC Topic 606. 606 December 31, 2017, no no first 2018. January 1, 2018 606, The majority of the Company’s revenue is generated through interest earned on financial instruments, including loans and investment securities, which falls outside the scope of ASC 606. 606. All of the Company’s revenue that is subject to ASC 606 not 606. 606 three March 31, 2018 2017 $0.8 $0.7 606 no March 31, 2018. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31, 2018 2017 Basic shares 6,188,861 6,158,399 Dilutive shares 379,701 320,500 Diluted shares 6,568,562 6,478,899 Three Months Ended March 31, 2018 2017 (Dollars in Thousands, Except Per Share Data) Net income $ 414 $ 404 Basic net income per share $ 0.07 $ 0.07 Diluted net income per share $ 0.06 $ 0.06 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Investment Securities Available-for-sale and Held-to-Maturity [Table Text Block] | Available-for-Sale March 31 , 201 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 87,463 $ 202 $ (1,983 ) $ 85,682 Commercial 67,846 16 (1,868 ) 65,994 Obligations of states and political subdivisions 4,749 140 (3 ) 4,886 U.S. Treasury securities 80 — — 80 Total $ 160,138 $ 358 $ (3,854 ) $ 156,642 Held-to-Maturity March 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 14,237 $ — $ (342 ) $ 13,895 Obligations of U.S. government-sponsored agencies 9,209 — (255 ) 8,954 Obligations of states and political subdivisions 1,854 — (16 ) 1,838 Total $ 25,300 $ — $ (613 ) $ 24,687 Available-for-Sale December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 83,360 $ 286 $ (860 ) $ 82,786 Commercial 67,281 27 (1,234 ) 66,074 Obligations of states and political subdivisions 4,752 182 (3 ) 4,931 U.S. Treasury securities 80 — — 80 Total $ 155,473 $ 495 $ (2,097 ) $ 153,871 Held-to-Maturity December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 15,065 $ 1 $ (186 ) $ 14,880 Obligations of U.S. government-sponsored agencies 9,326 7 (144 ) 9,189 Obligations of states and political subdivisions 1,888 5 (13 ) 1,880 Total $ 26,279 $ 13 $ (343 ) $ 25,949 |
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 $ 699 $ 707 $ — $ — Maturing after one to five years 22,234 21,719 1,827 1,813 Maturing after five to ten years 80,332 78,419 4,293 4,217 Maturing after ten years 56,873 55,797 19,180 18,657 Total $ 160,138 $ 156,642 $ 25,300 $ 24,687 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Available-for-Sale March 31 , 201 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 56,885 $ (1,209 ) $ 21,126 $ (774 ) Commercial 20,155 (398 ) 44,735 (1,470 ) Obligations of states and political subdivisions 426 (3 ) — — U.S. Treasury securities 80 — — — Total $ 77,546 $ (1,610 ) $ 65,861 $ (2,244 ) Held-to-Maturity March 31 , 2018 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Commercial $ 7,642 $ (150 ) $ 6,253 $ (192 ) Obligations of U.S. government-sponsored agencies 1,656 (23 ) 7,298 (232 ) Obligations of states and political subdivisions 1,311 (8 ) 527 (8 ) Total $ 10,609 $ (181 ) $ 14,078 $ (432 ) Available-for-Sale December 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 $ 47,007 $ (467 ) $ 21,122 $ (393 ) Commercial 18,554 (180 ) 46,312 (1,054 ) Obligations of states and political subdivisions 428 (3 ) — — U.S. Treasury securities 80 — — — Total $ 66,069 $ (650 ) $ 67,434 $ (1,447 ) Held-to-Maturity December 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 $ 7,895 $ (63 ) $ 6,675 $ (123 ) Obligations of U.S. government-sponsored agencies 865 (2 ) 7,388 (142 ) Obligations of states and political subdivisions 571 (3 ) 531 (10 ) Total $ 9,331 $ (68 ) $ 14,594 $ (275 ) |
Note 4 - Loans and Allowance 27
Note 4 - Loans and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31 , 201 Bank ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 25,965 $ — $ 25,965 Secured by 1-4 family residential properties 36,618 9,963 46,581 Secured by multi-family residential properties 16,396 — 16,396 Secured by non-farm, non-residential properties 111,546 — 111,546 Other 188 — 188 Commercial and industrial loans 65,996 — 65,996 Consumer loans: Consumer 5,416 32,758 38,174 Indirect sales — 60,157 60,157 Total loans 262,125 102,878 365,003 Less: Unearned interest, fees and deferred cost 349 6,020 6,369 Allowance for loan losses 2,500 2,329 4,829 Net loans $ 259,276 $ 94,529 $ 353,805 December 31, 2017 Bank ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 26,143 $ — $ 26,143 Secured by 1-4 family residential properties 34,272 10,801 45,073 Secured by multi-family residential properties 16,579 — 16,579 Secured by non-farm, non-residential properties 105,133 — 105,133 Other 190 — 190 Commercial and industrial loans 69,969 — 69,969 Consumer loans: Consumer 5,217 34,083 39,300 Indirect sales — 55,071 55,071 Total loans 257,503 99,955 357,458 Less: Unearned interest, fees and deferred cost 374 6,189 6,563 Allowance for loan losses 2,447 2,327 4,774 Net loans $ 254,682 $ 91,439 $ 346,121 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Bank Three M onths Ended March 31 , 201 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 $ 203 $ 238 $ 116 $ 777 $ 2 $ 1,049 $ 62 $ — $ 2,447 Charge-offs — (8 ) — — — — — — (8 ) Recoveries — 10 — 3 — 5 4 — 22 Provision (7 ) 14 (1 ) 18 — 36 (21 ) — 39 Ending balance $ 196 $ 254 $ 115 $ 798 $ 2 $ 1,090 $ 45 $ — $ 2,500 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ 5 $ — $ 14 $ — $ 69 $ — $ — $ 88 Collectively evaluated for impairment 196 249 115 784 2 1,021 45 — 2,412 Total allowance for loan losses $ 196 $ 254 $ 115 $ 798 $ 2 $ 1,090 $ 45 $ — $ 2,500 Ending balance of loans receivable: Individually evaluated for impairment $ — $ 186 $ — $ 524 $ — $ 69 $ — $ — $ 779 Collectively evaluated for impairment 25,965 36,432 16,396 111,022 188 65,927 5,416 — 261,346 Total loans receivable $ 25,965 $ 36,618 $ 16,396 $ 111,546 $ 188 $ 65,996 $ 5,416 $ — $ 262,125 ALC Three Months Ended March 31, 2018 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 $ — $ 52 $ — $ — $ — $ — $ 1,653 $ 622 $ 2,327 Charge-offs — (14 ) — — — — (604 ) (147 ) (765 ) Recoveries — 5 — — — — 122 21 148 Provision — (7 ) — — — — 481 145 619 Ending balance $ — $ 36 $ — $ — $ — $ — $ 1,652 $ 641 $ 2,329 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 36 — — — — 1,652 641 2,329 Total allowance for loan losses $ — $ 36 $ — $ — $ — $ — $ 1,652 $ 641 $ 2,329 Ending balance of loans receivable: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 9,963 — — — — 32,758 60,157 102,878 Total loans receivable $ — $ 9,963 $ — $ — $ — $ — $ 32,758 $ 60,157 $ 102,878 Bank and ALC Three Months Ended March 31, 2018 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 $ 203 $ 290 $ 116 $ 777 $ 2 $ 1,049 $ 1,715 $ 622 $ 4,774 Charge-offs — (22 ) — — — — (604 ) (147 ) (773 ) Recoveries — 15 — 3 — 5 126 21 170 Provision (7 ) 7 (1 ) 18 — 36 460 145 658 Ending balance $ 196 $ 290 $ 115 $ 798 $ 2 $ 1,090 $ 1,697 $ 641 $ 4,829 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ 5 $ — $ 14 $ — $ 69 $ — $ — $ 88 Collectively evaluated for impairment 196 285 115 784 2 1,021 1,697 641 4,741 Total allowance for loan losses $ 196 $ 290 $ 115 $ 798 $ 2 $ 1,090 $ 1,697 $ 641 $ 4,829 Ending balance of loans receivable: Individually evaluated for impairment $ — $ 186 $ — $ 524 $ — $ 69 $ — $ — $ 779 Collectively evaluated for impairment 25,965 46,395 16,396 111,022 188 65,927 38,174 60,157 364,224 Total loans receivable $ 25,965 $ 46,581 $ 16,396 $ 111,546 $ 188 $ 65,996 $ 38,174 $ 60,157 $ 365,003 Bank Year Ended December 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 $ 304 $ 88 $ 903 $ 2 $ 527 $ 50 $ — $ 2,409 Charge-offs — — — — — (16 ) (63 ) — (79 ) Recoveries — 103 — 69 — 19 56 — 247 Provision (332 ) (169 ) 28 (195 ) — 519 19 — (130 ) Ending balance $ 203 $ 238 $ 116 $ 777 $ 2 $ 1,049 $ 62 $ — $ 2,447 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ 5 $ — $ 21 $ — $ 72 $ — $ — $ 98 Collectively evaluated for impairment 203 233 116 756 2 977 62 — 2,349 Total allowance for loan losses $ 203 $ 238 $ 116 $ 777 $ 2 $ 1,049 $ 62 $ — $ 2,447 Loan receivables: Individually evaluated for impairment $ — $ 187 $ — $ 532 $ — $ 72 $ — $ — $ 791 Collectively evaluated for impairment 26,143 34,085 16,579 104,601 190 69,897 5,217 — 256,712 Total loans receivable $ 26,143 $ 34,272 $ 16,579 $ 105,133 $ 190 $ 69,969 $ 5,217 $ — $ 257,503 ALC Year Ended December 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 — (28 ) — — — — (2,297 ) (587 ) (2,912 ) Recoveries — 32 — — — — 545 98 675 Provision — (59 ) — — — — 1,688 488 2,117 Ending balance $ — $ 52 $ — $ — $ — $ — $ 1,653 $ 622 $ 2,327 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 52 — — — — 1,653 622 2,327 Total allowance for loan losses $ — $ 52 $ — $ — $ — $ — $ 1,653 $ 622 $ 2,327 Ending balance of loans receivable: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment — 10,801 — — — — 34,083 55,071 99,955 Total loans receivable $ — $ 10,801 $ — $ — $ — $ — $ 34,083 $ 55,071 $ 99,955 Bank and ALC Year Ended December 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 — (28 ) — — — (16 ) (2,360 ) (587 ) (2,991 ) Recoveries — 135 — 69 — 19 601 98 922 Provision (332 ) (228 ) 28 (195 ) — 519 1,707 488 1,987 Ending balance $ 203 $ 290 $ 116 $ 777 $ 2 $ 1,049 $ 1,715 $ 622 $ 4,774 Ending balance of allowance attributable to loans: Individually evaluated for impairment $ — $ 5 $ — $ 21 $ — $ 72 $ — $ — $ 98 Collectively evaluated for impairment 203 285 116 756 2 977 1,715 622 4,676 Total allowance for loan losses $ 203 $ 290 $ 116 $ 777 $ 2 $ 1,049 $ 1,715 $ 622 $ 4,774 Loan receivables: Individually evaluated for impairment $ — $ 187 $ — $ 532 $ — $ 72 $ — $ — $ 791 Collectively evaluated for impairment 26,143 44,886 16,579 104,601 190 69,897 39,300 55,071 356,667 Total loans receivable $ 26,143 $ 45,073 $ 16,579 $ 105,133 $ 190 $ 69,969 $ 39,300 $ 55,071 $ 357,458 |
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 $ 25,697 $ 85 $ 183 $ — $ 25,965 Secured by 1-4 family residential properties 35,569 335 714 — 36,618 Secured by multi-family residential properties 16,396 — — — 16,396 Secured by non-farm, non-residential properties 108,933 2,104 509 — 111,546 Other 188 — — — 188 Commercial and industrial loans 63,764 2,033 199 — 65,996 Consumer loans 5,358 — 58 — 5,416 Other loans — — — — — Total $ 255,905 $ 4,557 $ 1,663 $ — $ 262,125 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 9,732 $ 231 $ 9,963 Consumer loans: Consumer 31,861 897 32,758 Indirect sales 59,617 540 60,157 Total $ 101,210 $ 1,668 $ 102,878 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 $ 25,872 $ 84 $ 187 $ — $ 26,143 Secured by 1-4 family residential properties 33,278 339 655 — 34,272 Secured by multi-family residential properties 16,579 — — — 16,579 Secured by non-farm, non-residential properties 99,847 4,766 520 — 105,133 Other 190 — — — 190 Commercial and industrial loans 67,689 2,066 214 — 69,969 Consumer loans 5,155 — 62 — 5,217 Total $ 248,610 $ 7,255 $ 1,638 $ — $ 257,503 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 10,495 $ 306 $ 10,801 Consumer loans: Consumer 32,933 1,150 34,083 Indirect sales 54,611 460 55,071 Total $ 98,039 $ 1,916 $ 99,955 |
Past Due Financing Receivables [Table Text Block] | Bank As of March 31 , 2018 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 $ — $ — $ — $ — $ 25,965 $ 25,965 $ — Secured by 1-4 family residential properties 154 19 82 255 36,363 36,618 — Secured by multi-family residential properties — — — — 16,396 16,396 — Secured by non-farm, non-residential properties 115 — — 115 111,431 111,546 — Other — — — — 188 188 — Commercial and industrial loans 36 21 — 57 65,939 65,996 — Consumer loans 21 — — 21 5,395 5,416 — Total $ 326 $ 40 $ 82 $ 448 $ 261,677 $ 262,125 $ — ALC As of March 31 , 2018 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 104 28 231 363 9,600 9,963 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans: Consumer 526 323 897 1,746 31,012 32,758 — Indirect sales 244 176 540 960 59,197 60,157 — Total $ 874 $ 527 $ 1,668 $ 3,069 $ 99,809 $ 102,878 $ — Bank As of December 31, 201 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 $ — $ — $ — $ — $ 26,143 $ 26,143 $ — Secured by 1-4 family residential properties 227 — 52 279 33,993 34,272 — Secured by multi-family residential properties — — — — 16,579 16,579 — Secured by non-farm, non-residential properties 13 — — 13 105,120 105,133 — Other — — — — 190 190 — Commercial and industrial loans 70 — — 70 69,899 69,969 — Consumer loans 42 — — 42 5,175 5,217 — Total $ 352 $ — $ 52 $ 404 $ 257,099 $ 257,503 $ — ALC As of December 31, 201 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 23 290 374 10,427 10,801 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans: Consumer 490 323 1,111 1,924 32,159 34,083 — Indirect sales 281 230 433 944 54,127 55,071 — Total $ 832 $ 576 $ 1,834 $ 3,242 $ 96,713 $ 99,955 $ — |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | Loans on Non-Accrual Status March 31 , 2018 December 31, 201 (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ — Secured by 1-4 family residential properties 507 501 Secured by multi-family residential properties — — Secured by non-farm, non-residential properties 24 29 Commercial and industrial loans 11 12 Consumer loans 955 1,173 Indirect sales 540 433 Total loans $ 2,037 $ 2,148 |
Impaired Financing Receivables [Table Text Block] | March 31 , 201 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 $ — $ — $ — Secured by 1-4 family residential properties 186 186 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 524 524 14 Commercial and industrial 69 69 69 Total loans with an allowance recorded $ 779 $ 779 $ 88 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties 186 186 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 524 524 14 Commercial and industrial 69 69 69 Total impaired loans $ 779 $ 779 $ 88 December 31, 2017 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 $ — $ — $ — Secured by 1-4 family residential properties 187 187 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 532 532 21 Commercial and industrial 72 72 72 Total loans with an allowance recorded $ 791 $ 791 $ 98 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties 187 187 5 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 532 532 21 Commercial and industrial 72 72 72 Total impaired loans $ 791 $ 791 $ 98 March 31 , 2018 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties 187 3 3 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 526 9 9 Commercial and industrial 69 1 2 Total $ 782 $ 13 $ 14 December 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 $ 902 $ — $ — Secured by 1-4 family residential properties 190 13 14 Secured by multi-family residential properties — — — Secured by non-farm, non-residential properties 537 35 35 Commercial and industrial 59 7 5 Total $ 1,688 $ 55 $ 54 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | March 31 , 2018 December 31, 2017 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 1 $ 107 $ 80 1 $ 107 $ 82 Secured by 1-4 family residential properties 3 318 141 3 318 165 Secured by non-farm, non-residential properties 1 53 36 1 53 37 Commercial loans 2 116 80 2 116 81 Total 7 $ 594 $ 337 7 $ 594 $ 365 |
Note 5 - Other Real Estate Ow28
Note 5 - Other Real Estate Owned (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Other Real Estate Assets Acquired in Foreclosure Roll Forward [Table Text Block] | March 31 , 2018 Bank ALC Total (Dollars in Thousands) Beginning balance $ 3,527 $ 265 $ 3,792 Additions (1) 106 25 131 Sales proceeds (611 ) (20 ) (631 ) Gross gains 121 — 121 Gross losses — (23 ) (23 ) Net gains (losses) 121 (23 ) 98 Impairment (43 ) (4 ) (47 ) Ending balance $ 3,100 $ 243 $ 3,343 March 31 , 2017 Bank ALC Total (Dollars in Thousands) Beginning balance $ 4,353 $ 505 $ 4,858 Additions (1) — 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 |
Note 11 - Stock Awards (Tables)
Note 11 - Stock Awards (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2018 2017 Risk-free interest rate 2.77 % 2.23 % Expected term (in years) 7.5 7.5 Expected stock price volatility 28.3 % 25.4 % Dividend yield 1.50 % 1.50 % |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Three Months Ended March 31 , 2018 March 31 , 2017 Number of Shares Average Exercise Price Number of Shares Average Exercise Price Options: Outstanding, beginning of period 318,000 $ 9.43 272,550 $ 8.21 Granted 62,150 11.71 64,600 14.11 Exercised — — 16,650 8.15 Expired — — — — Forfeited 450 11.71 — — Options outstanding, end of period 379,700 $ 9.80 320,500 $ 9.41 Options exercisable, end of period 248,300 $ 8.71 210,633 $ 8.20 |
Note 13 - Segment Reporting (Ta
Note 13 - Segment Reporting (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 , 2018 : Net interest income $ 4,117 $ 3,193 $ 4 $ — $ 7,314 Provision for loan losses 39 619 — — 658 Total non-interest income 867 256 853 (836 ) 1,140 Total non-interest expense 4,531 2,524 447 (201 ) 7,301 Income before income taxes 414 306 410 (635 ) 495 Provision for income taxes 70 70 (59 ) — 81 Net income $ 344 $ 236 $ 469 $ (635 ) $ 414 Other significant items: Total assets $ 629,954 $ 97,685 $ 81,020 $ (181,340 ) $ 627,319 Total investment securities 181,862 — 80 — 181,942 Total loans, net 344,319 94,529 — (85,043 ) 353,805 Investment in subsidiaries 5 — 75,055 (75,055 ) 5 Fixed asset additions 113 2 — — 115 Depreciation and amortization expense 318 33 — — 351 Total interest income from external customers 3,837 4,282 — — 8,119 Total interest income from affiliates 1,089 — 4 (1,093 ) — All Bank ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended March 31 , 2017 : Net interest income $ 3,911 $ 3,005 $ 3 $ — $ 6,919 Provision (reduction in reserve) 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 addition 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 ) — |
Note 14 - Guarantees, Commitm31
Note 14 - Guarantees, Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | March 3 1 , 201 8 December 31, 201 7 (Dollars in Thousands) Standby letters of credit $ 180 $ 180 Commitments to extend credit $ 54,250 $ 55,801 |
Note 15 - Fair Value of Finan32
Note 15 - Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements as of March 3 1 , 201 8 Using Totals At March 3 1 , 2018 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 $ 85,682 $ — $ 85,682 $ — Commercial 65,994 — 65,994 — Obligations of states and political subdivisions 4,886 — 4,886 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 889 — 889 — Fair Value Measurements as of December 31, 2017 Using Totals At December 31, 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) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 82,786 $ — $ 82,786 $ — Commercial 66,074 — 66,074 — Obligations of states and political subdivisions 4,931 — 4,931 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 443 — 443 — |
Fair Value Assets Measured On Nonrecurring Basis [Table Text Block] | Fair Value Measurements as of March 3 1 , 2018 Using Totals At March 3 1 , 2018 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 $ 691 $ — $ — $ 691 OREO 3,343 — — 3,343 Assets held for sale 228 — — 228 Fair Value Measurements as of December 31, 201 7 Using Totals At December 31, 201 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 $ 694 $ — $ — $ 694 OREO 3,792 — — 3,792 Assets held for sale 228 — — 228 |
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 , 2018 Valuation Technique Unobservable Input Quantitative Range of Unobservable Inputs (Weighted Average) (Dollars in Thousands) Non-recurring fair value measurements: Impaired loans $ 691 Multiple data points, including discount to appraised value of collateral based on recent market activity Appraisal comparability adjustment (discount) 9% - 10% (9.5% ) OREO $ 3,343 Discount to appraised value of property based on recent market activity for sales of similar properties Appraisal comparability adjustment (discount) 9% - 10% (9.5% ) Assets held for sale $ 228 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 , 2018 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 34,473 $ 34,473 $ 34,473 $ — $ — Investment securities available-for-sale 156,642 156,642 — 156,642 — Investment securities held-to-maturity 25,300 24,687 — 24,687 — Federal Home Loan Bank stock 1,413 1,413 — — 1,413 Loans, net of allowance for loan losses 353,805 346,658 — — 346,648 Other assets – derivatives 889 889 — 889 — Liabilities: Deposits 525,273 522,767 — 522,767 — Short-term borrowings 10,298 10,298 — 10,298 — Long-term debt 10,000 9,998 — 9,998 — December 31, 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 27,124 $ 27,124 $ 27,124 $ — $ — Investment securities available-for-sale 153,871 153,871 — 153,871 — Investment securities held-to-maturity 26,279 25,949 — 25,949 — Federal funds sold 15,000 15,000 — 15,000 — Federal Home Loan Bank stock 1,609 1,609 — — 1,609 Loans, net of allowance for loan losses 346,121 342,248 — — 342,248 Other assets – derivatives 443 443 — 443 — Liabilities: Deposits 517,079 515,645 — 515,645 — Short-term borrowings 15,594 15,594 — 15,594 — Long-term debt 10,000 9,998 — 9,998 — |
Note 1 - General (Details Textu
Note 1 - General (Details Textual) | 3 Months Ended |
Mar. 31, 2018 | |
Number of Reportable Segments | 2 |
Note 2 - Basis of Presentatio34
Note 2 - Basis of Presentation (Details Textual) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Service and Other Charges On Deposit Accounts, Mortgage Fees from Secondary Market Transactions at the Bank, ATM Fee Income and Other Non-Interest Income [Member] | ||
Revenues, Total | $ 0.8 | $ 0.7 |
Note 2 - Basis of Presentatio35
Note 2 - Basis of Presentation - Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Basic shares (in shares) | 6,188,861 | 6,158,399 |
Dilutive shares (in shares) | 379,701 | 320,500 |
Diluted shares (in shares) | 6,568,562 | 6,478,899 |
Net income | $ 414 | $ 404 |
Basic net income per share (in dollars per share) | $ 0.07 | $ 0.07 |
Diluted net income per share (in dollars per share) | $ 0.06 | $ 0.06 |
Note 3 - Investment Securitie36
Note 3 - Investment Securities (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 75 | 72 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | 94 | 83 |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Total | $ 0 | $ 0 |
Debt Securities, Available-for-sale, Restricted | $ 78,000 | $ 86,800 |
Note 3 - Investment Securitie37
Note 3 - Investment Securities - Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available-for-sale, amortized cost | $ 160,138 | $ 155,473 |
Available-for-sale, gross unrealized gains | 358 | 495 |
Available-for-sale, gross unrealized losses | (3,854) | (2,097) |
Available-for-sale, estimated fair value | 156,642 | 153,871 |
Held-to-maturity, amortized cost | 25,300 | 26,279 |
Held-to-maturity, gross unrealized gains | 13 | |
Held-to-maturity, gross unrealized losses | (613) | (343) |
Investment securities held-to-maturity | 24,687 | 25,949 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale, amortized cost | 67,846 | 67,281 |
Available-for-sale, gross unrealized gains | 16 | 27 |
Available-for-sale, gross unrealized losses | (1,868) | (1,234) |
Available-for-sale, estimated fair value | 65,994 | 66,074 |
Held-to-maturity, amortized cost | 14,237 | 15,065 |
Held-to-maturity, gross unrealized gains | 1 | |
Held-to-maturity, gross unrealized losses | (342) | (186) |
Investment securities held-to-maturity | 13,895 | 14,880 |
US Government Agencies Debt Securities [Member] | ||
Held-to-maturity, amortized cost | 9,209 | 9,326 |
Held-to-maturity, gross unrealized gains | 7 | |
Held-to-maturity, gross unrealized losses | (255) | (144) |
Investment securities held-to-maturity | 8,954 | 9,189 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale, amortized cost | 87,463 | 83,360 |
Available-for-sale, gross unrealized gains | 202 | 286 |
Available-for-sale, gross unrealized losses | (1,983) | (860) |
Available-for-sale, estimated fair value | 85,682 | 82,786 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale, amortized cost | 4,749 | 4,752 |
Available-for-sale, gross unrealized gains | 140 | 182 |
Available-for-sale, gross unrealized losses | (3) | (3) |
Available-for-sale, estimated fair value | 4,886 | 4,931 |
Held-to-maturity, amortized cost | 1,854 | 1,888 |
Held-to-maturity, gross unrealized gains | 5 | |
Held-to-maturity, gross unrealized losses | (16) | (13) |
Investment securities held-to-maturity | 1,838 | 1,880 |
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 Securitie38
Note 3 - Investment Securities - Scheduled Maturities of Investment Securities Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available-for-sale, maturing within one year, amortized cost | $ 699 | |
Available-for-sale, maturing within one year, estimated fair value | 707 | |
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 | 22,234 | |
Available-for-sale, maturing after one to five years, estimated fair value | 21,719 | |
Held-to-maturity, maturing after one to five years, amortized cost | 1,827 | |
Held-to-maturity, maturing after one to five years, estimated fair value | 1,813 | |
Available-for-sale, maturing after five to ten years, amortized cost | 80,332 | |
Available-for-sale, maturing after five to ten years, estimated fair value | 78,419 | |
Held-to-maturity, maturing after five to ten years, amortized cost | 4,293 | |
Held-to-maturity, maturity after five to ten years, estimated fair value | 4,217 | |
Available-for-sale, maturing after ten years, amortized cost | 56,873 | |
Available-for-sale, maturing after ten years, estimated fair value | 55,797 | |
Held-to-maturity, maturing after ten years, amortized cost | 19,180 | |
Held-to-maturity, maturing after ten years, estimated fair value | 18,657 | |
Available-for-sale, amortized cost | 160,138 | $ 155,473 |
Available-for-sale, estimated fair value | 156,642 | 153,871 |
Held-to-maturity, amortized cost | 25,300 | 26,279 |
Held-to-maturity, estimated fair value | $ 24,687 | $ 25,949 |
Note 3 - Investment Securitie39
Note 3 - Investment Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available-for-sale, less than 12 months, fair value | $ 77,546 | $ 66,069 |
Available-for-sale, less than 12 months, unrealized losses | (1,610) | (650) |
Available-for-sale, 12 months or more, fair value | 65,861 | 67,434 |
Available-for-sale, 12 months or more, unrealized losses | (2,244) | (1,447) |
Held-to-maturity, less than 12 months, fair value | 10,609 | 9,331 |
Held-to-maturity, less than 12 months, unrealized losses | (181) | (68) |
Held-to-maturity, 12 months or more, fair value | 14,078 | 14,594 |
Held-to-maturity, 12 months or more, unrealized losses | (432) | (275) |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale, less than 12 months, fair value | 56,885 | 47,007 |
Available-for-sale, less than 12 months, unrealized losses | (1,209) | (467) |
Available-for-sale, 12 months or more, fair value | 21,126 | 21,122 |
Available-for-sale, 12 months or more, unrealized losses | (774) | (393) |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale, less than 12 months, fair value | 20,155 | 18,554 |
Available-for-sale, less than 12 months, unrealized losses | (398) | (180) |
Available-for-sale, 12 months or more, fair value | 44,735 | 46,312 |
Available-for-sale, 12 months or more, unrealized losses | (1,470) | (1,054) |
Held-to-maturity, less than 12 months, fair value | 7,642 | 7,895 |
Held-to-maturity, less than 12 months, unrealized losses | (150) | (63) |
Held-to-maturity, 12 months or more, fair value | 6,253 | 6,675 |
Held-to-maturity, 12 months or more, unrealized losses | (192) | (123) |
US Government Agencies Debt Securities [Member] | ||
Held-to-maturity, less than 12 months, fair value | 1,656 | 865 |
Held-to-maturity, less than 12 months, unrealized losses | (23) | (2) |
Held-to-maturity, 12 months or more, fair value | 7,298 | 7,388 |
Held-to-maturity, 12 months or more, unrealized losses | (232) | (142) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale, less than 12 months, fair value | 426 | 428 |
Available-for-sale, less than 12 months, unrealized losses | (3) | (3) |
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 | 1,311 | 571 |
Held-to-maturity, less than 12 months, unrealized losses | (8) | (3) |
Held-to-maturity, 12 months or more, fair value | 527 | 531 |
Held-to-maturity, 12 months or more, unrealized losses | (8) | (10) |
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 40
Note 4 - Loans and Allowance for Loan Losses (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Number of Portfolio Segments | 8 | |
Number of Loans, Related Party | 0 | 0 |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 2,037 | $ 2,148 |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 6 | 19 |
Interest Income Recorded | 1 | 3 |
Financing Receivable, Restructuring Recorded Investment With Nonaccrual Status | 100 | 100 |
Financing Receivable, Modifications, Recorded Investment | $ 0 | $ 0 |
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 | 2 | $ 2 |
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, Ending Balance | 400 | 500 |
Loans and Leases Receivable, Related Parties, Proceeds | $ 100 | $ 11 |
Real Estate [Member] | ||
Percentage of Loan Portfolio | 55.00% | 54.00% |
Note 4 - Loans and Allowance 41
Note 4 - Loans and Allowance for Loan Losses - Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Total loans | $ 365,003 | $ 357,458 | ||
Less: Unearned interest, fees and deferred cost | 6,369 | 6,563 | ||
Loans, allowance for loan losses | 4,829 | 4,774 | ||
Net loans | 353,805 | 346,121 | $ 317,677 | |
FUSB [Member] | ||||
Total loans | 262,125 | 257,503 | ||
Less: Unearned interest, fees and deferred cost | 349 | 374 | ||
Loans, allowance for loan losses | 2,500 | 2,447 | $ 2,409 | |
Net loans | 259,276 | 254,682 | ||
ALC [Member] | ||||
Total loans | 102,878 | 99,955 | ||
Less: Unearned interest, fees and deferred cost | 6,020 | 6,189 | ||
Loans, allowance for loan losses | 2,329 | 2,327 | 2,447 | |
Net loans | 94,529 | 91,439 | ||
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||||
Total loans | 25,965 | 26,143 | ||
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | ||||
Total loans | 25,965 | 26,143 | ||
Loans, allowance for loan losses | 196 | 203 | 535 | |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ALC [Member] | ||||
Total loans | ||||
Loans, allowance for loan losses | ||||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||||
Total loans | 46,581 | 45,073 | ||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | ||||
Total loans | 36,618 | 34,272 | ||
Loans, allowance for loan losses | 254 | 238 | 304 | |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | ||||
Total loans | 9,963 | 10,801 | ||
Loans, allowance for loan losses | 36 | 52 | 107 | |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||||
Total loans | 16,396 | 16,579 | ||
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | FUSB [Member] | ||||
Total loans | 16,396 | 16,579 | ||
Loans, allowance for loan losses | 115 | 116 | 88 | |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ALC [Member] | ||||
Total loans | ||||
Loans, allowance for loan losses | ||||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||||
Total loans | 111,546 | 105,133 | ||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | ||||
Total loans | 111,546 | 105,133 | ||
Loans, allowance for loan losses | 798 | 777 | 903 | |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ALC [Member] | ||||
Total loans | ||||
Loans, allowance for loan losses | ||||
Real Estate [Member] | Other Real Estate Loans [Member] | ||||
Total loans | 188 | 190 | ||
Real Estate [Member] | Other Real Estate Loans [Member] | FUSB [Member] | ||||
Total loans | 188 | 190 | ||
Loans, allowance for loan losses | 2 | 2 | 2 | |
Real Estate [Member] | Other Real Estate Loans [Member] | ALC [Member] | ||||
Total loans | ||||
Loans, allowance for loan losses | ||||
Commercial and Industrial Loans [Member] | ||||
Total loans | 65,996 | 69,969 | ||
Commercial and Industrial Loans [Member] | FUSB [Member] | ||||
Total loans | 65,996 | 69,969 | ||
Loans, allowance for loan losses | 1,090 | 1,049 | 527 | |
Commercial and Industrial Loans [Member] | ALC [Member] | ||||
Total loans | ||||
Loans, allowance for loan losses | ||||
Consumer Portfolio Segment [Member] | FUSB [Member] | ||||
Total loans | 5,416 | 5,217 | ||
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | ||||
Total loans | 38,174 | 39,300 | ||
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | FUSB [Member] | ||||
Total loans | 5,416 | 5,217 | ||
Loans, allowance for loan losses | 45 | 62 | 50 | |
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | ALC [Member] | ||||
Total loans | 32,758 | 34,083 | ||
Loans, allowance for loan losses | 1,652 | 1,653 | 1,717 | |
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||||
Total loans | 60,157 | 55,071 | ||
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | FUSB [Member] | ||||
Total loans | ||||
Loans, allowance for loan losses | ||||
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ALC [Member] | ||||
Total loans | 60,157 | 55,071 | ||
Loans, allowance for loan losses | $ 641 | $ 622 | $ 623 |
Note 4 - Loans and Allowance 42
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, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | Mar. 31, 2018 | Dec. 31, 2017 | |
Beginning balance | $ 4,774 | ||||
Provision for loan losses | 658 | $ 515 | |||
Ending balance | 4,829 | $ 4,774 | |||
Total allowance for loan losses | 4,829 | 4,774 | $ 4,829 | $ 4,774 | |
Total loans receivable | 365,003 | 357,458 | |||
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | |||||
Total loans receivable | 25,965 | 26,143 | |||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | |||||
Total loans receivable | 46,581 | 45,073 | |||
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | |||||
Total loans receivable | 16,396 | 16,579 | |||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | |||||
Total loans receivable | 111,546 | 105,133 | |||
Real Estate [Member] | Other Real Estate Loans [Member] | |||||
Total loans receivable | 188 | 190 | |||
Commercial and Industrial Loans [Member] | |||||
Total loans receivable | 65,996 | 69,969 | |||
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | |||||
Total loans receivable | 38,174 | 39,300 | |||
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | |||||
Total loans receivable | 60,157 | 55,071 | |||
FUSB [Member] | |||||
Beginning balance | 2,447 | 2,409 | 2,409 | ||
Charge-offs | (8) | (79) | |||
Recoveries | 22 | 247 | |||
Provision for loan losses | 39 | (130) | |||
Ending balance | 2,500 | 2,447 | |||
Individually evaluated for impairment | 88 | 98 | |||
Collectively evaluated for impairment | 2,412 | 2,349 | |||
Total allowance for loan losses | 2,500 | 2,409 | 2,447 | 2,500 | 2,447 |
Individually evaluated for impairment | 779 | 791 | |||
Collectively evaluated for impairment | 261,346 | 256,712 | |||
Total loans receivable | 262,125 | 257,503 | |||
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | |||||
Beginning balance | 203 | 535 | 535 | ||
Charge-offs | |||||
Recoveries | |||||
Provision for loan losses | (7) | (332) | |||
Ending balance | 196 | 203 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 196 | 203 | |||
Total allowance for loan losses | 203 | 535 | 203 | 196 | 203 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 25,965 | 26,143 | |||
Total loans receivable | 25,965 | 26,143 | |||
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | |||||
Beginning balance | 238 | 304 | 304 | ||
Charge-offs | (8) | ||||
Recoveries | 10 | 103 | |||
Provision for loan losses | 14 | (169) | |||
Ending balance | 254 | 238 | |||
Individually evaluated for impairment | 5 | 5 | |||
Collectively evaluated for impairment | 249 | 233 | |||
Total allowance for loan losses | 238 | 304 | 238 | 254 | 238 |
Individually evaluated for impairment | 186 | 187 | |||
Collectively evaluated for impairment | 36,432 | 34,085 | |||
Total loans receivable | 36,618 | 34,272 | |||
FUSB [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | |||||
Beginning balance | 116 | 88 | 88 | ||
Charge-offs | |||||
Recoveries | |||||
Provision for loan losses | (1) | 28 | |||
Ending balance | 115 | 116 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 115 | 116 | |||
Total allowance for loan losses | 116 | 88 | 116 | 115 | 116 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 16,396 | 16,579 | |||
Total loans receivable | 16,396 | 16,579 | |||
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | |||||
Beginning balance | 777 | 903 | 903 | ||
Charge-offs | |||||
Recoveries | 3 | 69 | |||
Provision for loan losses | 18 | (195) | |||
Ending balance | 798 | 777 | |||
Individually evaluated for impairment | 14 | 21 | |||
Collectively evaluated for impairment | 784 | 756 | |||
Total allowance for loan losses | 777 | 903 | 777 | 798 | 777 |
Individually evaluated for impairment | 524 | 532 | |||
Collectively evaluated for impairment | 111,022 | 104,601 | |||
Total loans receivable | 111,546 | 105,133 | |||
FUSB [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | |||||
Beginning balance | 2 | 2 | 2 | ||
Charge-offs | |||||
Recoveries | |||||
Provision for loan losses | |||||
Ending balance | 2 | 2 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 2 | 2 | |||
Total allowance for loan losses | 2 | 2 | 2 | 2 | 2 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 188 | 190 | |||
Total loans receivable | 188 | 190 | |||
FUSB [Member] | Commercial and Industrial Loans [Member] | |||||
Beginning balance | 1,049 | 527 | 527 | ||
Charge-offs | (16) | ||||
Recoveries | 5 | 19 | |||
Provision for loan losses | 36 | 519 | |||
Ending balance | 1,090 | 1,049 | |||
Individually evaluated for impairment | 69 | 72 | |||
Collectively evaluated for impairment | 1,021 | 977 | |||
Total allowance for loan losses | 1,049 | 527 | 1,049 | 1,090 | 1,049 |
Individually evaluated for impairment | 69 | 72 | |||
Collectively evaluated for impairment | 65,927 | 69,897 | |||
Total loans receivable | 65,996 | 69,969 | |||
FUSB [Member] | Consumer Portfolio Segment [Member] | |||||
Total loans receivable | 5,416 | 5,217 | |||
FUSB [Member] | Consumer Portfolio Segment [Member] | Consumer Loans [Member] | |||||
Beginning balance | 62 | 50 | 50 | ||
Charge-offs | (63) | ||||
Recoveries | 4 | 56 | |||
Provision for loan losses | (21) | 19 | |||
Ending balance | 45 | 62 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 45 | 62 | |||
Total allowance for loan losses | 62 | 50 | 62 | 45 | 62 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 5,416 | 5,217 | |||
Total loans receivable | 5,416 | 5,217 | |||
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 | |||||
Total allowance for loan losses | |||||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | |||||
Total loans receivable | |||||
ALC [Member] | |||||
Beginning balance | 2,327 | 2,447 | 2,447 | ||
Charge-offs | (765) | (2,912) | |||
Recoveries | 148 | 675 | |||
Provision for loan losses | 619 | 2,117 | |||
Ending balance | 2,329 | 2,327 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 2,329 | 2,327 | |||
Total allowance for loan losses | 2,329 | 2,447 | 2,327 | 2,329 | 2,327 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 102,878 | 99,955 | |||
Total loans receivable | 102,878 | 99,955 | |||
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 | |||||
Total allowance for loan losses | |||||
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 | 52 | 107 | 107 | ||
Charge-offs | (14) | (28) | |||
Recoveries | 5 | 32 | |||
Provision for loan losses | (7) | (59) | |||
Ending balance | 36 | 52 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 36 | 52 | |||
Total allowance for loan losses | 52 | 107 | 52 | 36 | 52 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 9,963 | 10,801 | |||
Total loans receivable | 9,963 | 10,801 | |||
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 | |||||
Total allowance for loan losses | |||||
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 | |||||
Total allowance for loan losses | |||||
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 | |||||
Total allowance for loan losses | |||||
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 | |||||
Total allowance for loan losses | |||||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | |||||
Total loans receivable | |||||
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans [Member] | |||||
Beginning balance | 1,653 | 1,717 | 1,717 | ||
Charge-offs | (604) | (2,297) | |||
Recoveries | 122 | 545 | |||
Provision for loan losses | 481 | 1,688 | |||
Ending balance | 1,652 | 1,653 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 1,652 | 1,653 | |||
Total allowance for loan losses | 1,653 | 1,717 | 1,653 | 1,652 | 1,653 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 32,758 | 34,083 | |||
Total loans receivable | 32,758 | 34,083 | |||
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | |||||
Beginning balance | 622 | 623 | 623 | ||
Charge-offs | (147) | (587) | |||
Recoveries | 21 | 98 | |||
Provision for loan losses | 145 | 488 | |||
Ending balance | 641 | 622 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 641 | 622 | |||
Total allowance for loan losses | 622 | 623 | 622 | 641 | 622 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 60,157 | 55,071 | |||
Total loans receivable | 60,157 | 55,071 | |||
FUSB and ALC [Member] | |||||
Beginning balance | 4,774 | 4,856 | 4,856 | ||
Charge-offs | (773) | (2,991) | |||
Recoveries | 170 | 922 | |||
Provision for loan losses | 658 | 1,987 | |||
Ending balance | 4,829 | 4,774 | |||
Individually evaluated for impairment | 88 | 98 | |||
Collectively evaluated for impairment | 4,741 | 4,676 | |||
Total allowance for loan losses | 4,774 | 4,856 | 4,774 | 4,829 | 4,774 |
Individually evaluated for impairment | 779 | 791 | |||
Collectively evaluated for impairment | 364,224 | 356,667 | |||
Total loans receivable | 365,003 | 357,458 | |||
FUSB and ALC [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | |||||
Beginning balance | 203 | 535 | 535 | ||
Charge-offs | |||||
Recoveries | |||||
Provision for loan losses | (7) | (332) | |||
Ending balance | 196 | 203 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 196 | 203 | |||
Total allowance for loan losses | 203 | 535 | 203 | 196 | 203 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 25,965 | 26,143 | |||
Total loans receivable | 25,965 | 26,143 | |||
FUSB and ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | |||||
Beginning balance | 290 | 411 | 411 | ||
Charge-offs | (22) | (28) | |||
Recoveries | 15 | 135 | |||
Provision for loan losses | 7 | (228) | |||
Ending balance | 290 | 290 | |||
Individually evaluated for impairment | 5 | 5 | |||
Collectively evaluated for impairment | 285 | 285 | |||
Total allowance for loan losses | 290 | 411 | 290 | 290 | 290 |
Individually evaluated for impairment | 186 | 187 | |||
Collectively evaluated for impairment | 46,395 | 44,886 | |||
Total loans receivable | 46,581 | 45,073 | |||
FUSB and ALC [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | |||||
Beginning balance | 116 | 88 | 88 | ||
Charge-offs | |||||
Recoveries | |||||
Provision for loan losses | (1) | 28 | |||
Ending balance | 115 | 116 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 115 | 116 | |||
Total allowance for loan losses | 116 | 88 | 116 | 115 | 116 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 16,396 | 16,579 | |||
Total loans receivable | 16,396 | 16,579 | |||
FUSB and ALC [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | |||||
Beginning balance | 777 | 903 | 903 | ||
Charge-offs | |||||
Recoveries | 3 | 69 | |||
Provision for loan losses | 18 | (195) | |||
Ending balance | 798 | 777 | |||
Individually evaluated for impairment | 14 | 21 | |||
Collectively evaluated for impairment | 784 | 756 | |||
Total allowance for loan losses | 777 | 903 | 777 | 798 | 777 |
Individually evaluated for impairment | 524 | 532 | |||
Collectively evaluated for impairment | 111,022 | 104,601 | |||
Total loans receivable | 111,546 | 105,133 | |||
FUSB and ALC [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | |||||
Beginning balance | 2 | 2 | 2 | ||
Charge-offs | |||||
Recoveries | |||||
Provision for loan losses | |||||
Ending balance | 2 | 2 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 2 | 2 | |||
Total allowance for loan losses | 2 | 2 | 2 | 2 | 2 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 188 | 190 | |||
Total loans receivable | 188 | 190 | |||
FUSB and ALC [Member] | Commercial and Industrial Loans [Member] | |||||
Beginning balance | 1,049 | 527 | 527 | ||
Charge-offs | (16) | ||||
Recoveries | 5 | 19 | |||
Provision for loan losses | 36 | 519 | |||
Ending balance | 1,090 | 1,049 | |||
Individually evaluated for impairment | 69 | 72 | |||
Collectively evaluated for impairment | 1,021 | 977 | |||
Total allowance for loan losses | 1,049 | 527 | 1,049 | 1,090 | 1,049 |
Individually evaluated for impairment | 69 | 72 | |||
Collectively evaluated for impairment | 65,927 | 69,897 | |||
Total loans receivable | 65,996 | 69,969 | |||
FUSB and ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans [Member] | |||||
Beginning balance | 1,715 | 1,767 | 1,767 | ||
Charge-offs | (604) | (2,360) | |||
Recoveries | 126 | 601 | |||
Provision for loan losses | 460 | 1,707 | |||
Ending balance | 1,697 | 1,715 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 1,697 | 1,715 | |||
Total allowance for loan losses | 1,715 | 1,767 | 1,715 | 1,697 | 1,715 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 38,174 | 39,300 | |||
Total loans receivable | 38,174 | 39,300 | |||
FUSB and ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | |||||
Beginning balance | 622 | 623 | 623 | ||
Charge-offs | (147) | (587) | |||
Recoveries | 21 | 98 | |||
Provision for loan losses | 145 | 488 | |||
Ending balance | 641 | 622 | |||
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 641 | 622 | |||
Total allowance for loan losses | $ 622 | $ 623 | $ 622 | 641 | 622 |
Individually evaluated for impairment | |||||
Collectively evaluated for impairment | 60,157 | 55,071 | |||
Total loans receivable | $ 60,157 | $ 55,071 |
Note 4 - Loans and Allowance 43
Note 4 - Loans and Allowance for Loan Losses - Loans By Credit Quality Indicator (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Total loans | $ 365,003 | $ 357,458 |
FUSB [Member] | ||
Total loans | 262,125 | 257,503 |
FUSB [Member] | Pass [Member] | ||
Total loans | 255,905 | 248,610 |
FUSB [Member] | Special Mention [Member] | ||
Total loans | 4,557 | 7,255 |
FUSB [Member] | Substandard [Member] | ||
Total loans | 1,663 | 1,638 |
FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
ALC [Member] | ||
Total loans | 102,878 | 99,955 |
ALC [Member] | Performing Financial Instruments [Member] | ||
Total loans | 101,210 | 98,039 |
ALC [Member] | Nonperforming Financial Instruments [Member] | ||
Total loans | 1,668 | 1,916 |
Consumer Portfolio Segment [Member] | FUSB [Member] | ||
Total loans | 5,416 | 5,217 |
Consumer Portfolio Segment [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 5,358 | 5,155 |
Consumer Portfolio Segment [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | ||
Consumer Portfolio Segment [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 58 | 62 |
Consumer Portfolio Segment [Member] | FUSB [Member] | Doubtful [Member] | ||
Total loans | ||
Commercial and Industrial Loans [Member] | ||
Total loans | 65,996 | 69,969 |
Commercial and Industrial Loans [Member] | FUSB [Member] | ||
Total loans | 65,996 | 69,969 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 63,764 | 67,689 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | 2,033 | 2,066 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 199 | 214 |
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 | 25,965 | 26,143 |
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 25,965 | 26,143 |
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 25,697 | 25,872 |
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | 85 | 84 |
Construction, Land Development and Other Land Loans [Member] | Real Estate [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 183 | 187 |
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 | 46,581 | 45,073 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 36,618 | 34,272 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 35,569 | 33,278 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | 335 | 339 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 714 | 655 |
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 | 9,963 | 10,801 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | ALC [Member] | Performing Financial Instruments [Member] | ||
Total loans | 9,732 | 10,495 |
Secured by 1-4 Family Residential Properties [Member] | Real Estate [Member] | ALC [Member] | Nonperforming Financial Instruments [Member] | ||
Total loans | 231 | 306 |
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | ||
Total loans | 38,174 | 39,300 |
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | FUSB [Member] | ||
Total loans | 5,416 | 5,217 |
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | ||
Total loans | 32,758 | 34,083 |
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | Performing Financial Instruments [Member] | ||
Total loans | 31,861 | 32,933 |
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | Nonperforming Financial Instruments [Member] | ||
Total loans | 897 | 1,150 |
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | ||
Total loans | 16,396 | 16,579 |
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 16,396 | 16,579 |
Secured by Multi-family Residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 16,396 | 16,579 |
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 | ||
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | ||
Total loans | 60,157 | 55,071 |
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | FUSB [Member] | ||
Total loans | ||
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | ||
Total loans | 60,157 | 55,071 |
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | Performing Financial Instruments [Member] | ||
Total loans | 59,617 | 54,611 |
Indirect Sales [Member] | Consumer Portfolio Segment [Member] | ALC [Member] | Nonperforming Financial Instruments [Member] | ||
Total loans | 540 | 460 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | ||
Total loans | 111,546 | 105,133 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 111,546 | 105,133 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 108,933 | 99,847 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Special Mention [Member] | ||
Total loans | 2,104 | 4,766 |
Secured by Non-farm, Non-residential Properties [Member] | Real Estate [Member] | FUSB [Member] | Substandard [Member] | ||
Total loans | 509 | 520 |
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 | 188 | 190 |
Other Real Estate Loans [Member] | Real Estate [Member] | FUSB [Member] | ||
Total loans | 188 | 190 |
Other Real Estate Loans [Member] | Real Estate [Member] | FUSB [Member] | Pass [Member] | ||
Total loans | 188 | 190 |
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 44
Note 4 - Loans and Allowance for Loan Losses - Aging Analysis of Past Due Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Total loans | $ 365,003 | $ 357,458 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Total loans | 25,965 | 26,143 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Total loans | 46,581 | 45,073 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Total loans | 16,396 | 16,579 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Total loans | 111,546 | 105,133 |
Real Estate [Member] | Other Real Estate Loans [Member] | ||
Total loans | 188 | 190 |
Commercial and Industrial Loans [Member] | ||
Total loans | 65,996 | 69,969 |
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | ||
Total loans | 38,174 | 39,300 |
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||
Total loans | 60,157 | 55,071 |
FUSB [Member] | ||
Total past due | 448 | 404 |
Current | 261,677 | 257,099 |
Total loans | 262,125 | 257,503 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 326 | 352 |
FUSB [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 82 | 52 |
FUSB [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 40 | |
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Total past due | ||
Current | 25,965 | 26,143 |
Total loans | 25,965 | 26,143 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | ||
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 | ||
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Total past due | 255 | 279 |
Current | 36,363 | 33,993 |
Total loans | 36,618 | 34,272 |
Accruing loans past due 90 days or more amounted | ||
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 | 154 | 227 |
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 | 82 | 52 |
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 | 19 | |
FUSB [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Current | 16,396 | 16,579 |
Total loans | 16,396 | 16,579 |
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 | 115 | 13 |
Current | 111,431 | 105,120 |
Total loans | 111,546 | 105,133 |
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 | 115 | 13 |
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
FUSB [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | ||
Current | 188 | 190 |
Total loans | 188 | 190 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Commercial and Industrial Loans [Member] | ||
Total past due | 57 | 70 |
Current | 65,939 | 69,899 |
Total loans | 65,996 | 69,969 |
Accruing loans past due 90 days or more amounted | ||
FUSB [Member] | Commercial and Industrial Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 36 | 70 |
FUSB [Member] | Commercial and Industrial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
FUSB [Member] | Commercial and Industrial Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 21 | |
FUSB [Member] | Consumer Portfolio Segment [Member] | ||
Total past due | 21 | 42 |
Current | 5,395 | 5,175 |
Total loans | 5,416 | 5,217 |
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 | 21 | 42 |
FUSB [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
FUSB [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
FUSB [Member] | Consumer Portfolio Segment [Member] | Consumer Loans [Member] | ||
Total loans | 5,416 | 5,217 |
FUSB [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||
Total loans | ||
ALC [Member] | ||
Total past due | 3,069 | 3,242 |
Current | 99,809 | 96,713 |
Total loans | 102,878 | 99,955 |
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 874 | 832 |
ALC [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 1,668 | 1,834 |
ALC [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 527 | 576 |
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 | 363 | 374 |
Current | 9,600 | 10,427 |
Total loans | 9,963 | 10,801 |
Accruing loans past due 90 days or more amounted | ||
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 | 104 | 61 |
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 | 231 | 290 |
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 | 28 | 23 |
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 | 1,746 | 1,924 |
Current | 31,012 | 32,159 |
Total loans | 32,758 | 34,083 |
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 526 | 490 |
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 897 | 1,111 |
ALC [Member] | Consumer Portfolio Segment [Member] | Consumer Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 323 | 323 |
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||
Total past due | 960 | 944 |
Current | 59,197 | 54,127 |
Total loans | 60,157 | 55,071 |
Accruing loans past due 90 days or more amounted | ||
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 244 | 281 |
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 540 | 433 |
ALC [Member] | Consumer Portfolio Segment [Member] | Indirect Sales [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | $ 176 | $ 230 |
Note 4 - Loans and Allowance 45
Note 4 - Loans and Allowance for Loan Losses - Non-accruing Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Non-accruing loans | $ 2,037 | $ 2,148 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Non-accruing loans | ||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Non-accruing loans | 507 | 501 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Non-accruing loans | 0 | |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Non-accruing loans | 24 | 29 |
Commercial and Industrial Loans [Member] | ||
Non-accruing loans | 11 | 12 |
Consumer Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-accruing loans | 955 | 1,173 |
Consumer Portfolio Segment [Member] | Indirect Sales [Member] | ||
Non-accruing loans | $ 540 | $ 433 |
Note 4 - Loans and Allowance 46
Note 4 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
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 | 779 | 791 |
Impaired loans with an allowance recorded, unpaid principal balance | 779 | 791 |
Impaired loans, related allowances | 88 | 98 |
Impaired loans, carrying amount | 779 | 791 |
Impaired loans, unpaid principal balance | 779 | 791 |
Impaired loans, average recorded investment | 782 | 1,688 |
Impaired loans, interest income recognized | 13 | 55 |
Impaired loans, interest income received | 14 | 54 |
Real Estate [Member] | ||
Impaired loans, average recorded investment | 59 | |
Impaired loans, interest income recognized | 7 | |
Impaired loans, interest income received | 5 | |
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 | ||
Impaired loans with an allowance recorded, unpaid principal balance | ||
Impaired loans, related allowances | ||
Impaired loans, carrying amount | ||
Impaired loans, unpaid principal balance | ||
Impaired loans, average recorded investment | 902 | |
Impaired loans, interest income recognized | ||
Impaired loans, interest income received | ||
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 | 186 | 187 |
Impaired loans with an allowance recorded, unpaid principal balance | 186 | 187 |
Impaired loans, related allowances | 5 | 5 |
Impaired loans, carrying amount | 186 | 187 |
Impaired loans, unpaid principal balance | 186 | 187 |
Impaired loans, average recorded investment | 187 | 190 |
Impaired loans, interest income recognized | 3 | 13 |
Impaired loans, interest income received | 3 | 14 |
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, related allowances | ||
Impaired loans, carrying amount | ||
Impaired loans, unpaid principal balance | ||
Impaired loans, average recorded investment | ||
Impaired loans, interest income recognized | ||
Impaired loans, interest income received | ||
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 | 524 | 532 |
Impaired loans with an allowance recorded, unpaid principal balance | 524 | 532 |
Impaired loans, related allowances | 14 | 21 |
Impaired loans, carrying amount | 524 | 532 |
Impaired loans, unpaid principal balance | 524 | 532 |
Impaired loans, average recorded investment | 526 | 537 |
Impaired loans, interest income recognized | 9 | 35 |
Impaired loans, interest income received | 9 | 35 |
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 | 69 | 72 |
Impaired loans with an allowance recorded, unpaid principal balance | 69 | 72 |
Impaired loans, related allowances | 69 | 72 |
Impaired loans, carrying amount | 69 | 72 |
Impaired loans, unpaid principal balance | 69 | $ 72 |
Impaired loans, average recorded investment | 69 | |
Impaired loans, interest income recognized | 1 | |
Impaired loans, interest income received | $ 2 |
Note 4 - Loans and Allowance 47
Note 4 - Loans and Allowance for Loan Losses - Loans Modified in a Troubled Debt Restructuring (Details) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Number of loans | 7 | 7 |
Pre- modification outstanding principal balance | $ 594 | $ 594 |
Post- modification principal balance | $ 337 | $ 365 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Number of loans | 1 | 1 |
Pre- modification outstanding principal balance | $ 107 | $ 107 |
Post- modification principal balance | $ 80 | $ 82 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Number of loans | 3 | 3 |
Pre- modification outstanding principal balance | $ 318 | $ 318 |
Post- modification principal balance | $ 141 | $ 165 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Number of loans | 1 | 1 |
Pre- modification outstanding principal balance | $ 53 | $ 53 |
Post- modification principal balance | $ 36 | $ 37 |
Commercial and Industrial Loans [Member] | ||
Number of loans | 2 | 2 |
Pre- modification outstanding principal balance | $ 116 | $ 116 |
Post- modification principal balance | $ 80 | $ 81 |
Note 5 - Other Real Estate Ow48
Note 5 - Other Real Estate Owned (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 |
Foreclosed Real Estate Owned, Fair Value Less Disposal Costs | $ 600 | $ 800 | |
Mortgage Loans in Process of Foreclosure, Amount | 0 | $ 100 | |
Repossessed Assets, Total | $ 300 | $ 200 |
Note 5 - Other Real Estate Ow49
Note 5 - Other Real Estate Owned - Foreclosed Property Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Beginning balance | $ 3,792 | $ 4,858 |
Additions (1) | 131 | 20 |
Sales proceeds | (631) | (288) |
Gross gains | 121 | 13 |
Gross losses | (23) | (16) |
Net gains (losses) | 98 | (3) |
Impairment | (47) | |
Ending balance | 3,343 | 4,587 |
FUSB [Member] | ||
Beginning balance | 3,527 | 4,353 |
Additions (1) | 106 | |
Sales proceeds | (611) | (204) |
Gross gains | 121 | 13 |
Gross losses | (1) | |
Net gains (losses) | 121 | 12 |
Impairment | (43) | |
Ending balance | 3,100 | 4,161 |
ALC [Member] | ||
Beginning balance | 265 | 505 |
Additions (1) | 25 | 20 |
Sales proceeds | (20) | (84) |
Gross gains | ||
Gross losses | (23) | (15) |
Net gains (losses) | (23) | (15) |
Impairment | (4) | |
Ending balance | $ 243 | $ 426 |
Note 6 - Investment in Limite50
Note 6 - Investment in Limited Partnership (Details Textual) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 99.90% | |
Maximum [Member] | ||
Variable Interest Entity, Consolidated, Carrying Amount, Assets, Total | $ 0.1 | $ 0.1 |
Note 7 - Short-term Borrowings
Note 7 - Short-term Borrowings (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Short-term Debt, Total | $ 10,298 | $ 15,594 |
Federal Funds Purchased | 0 | 0 |
Available Fund Lines From Correspondent Banks | 18,800 | 18,800 |
Securities Sold under Agreements to Repurchase, Total | 300 | 600 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months, Total | $ 10,000 | $ 15,000 |
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, 2018 | Dec. 31, 2017 |
Long-term Federal Home Loan Bank Advances, Total | $ 10 | $ 10 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 23.2 | 26 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 167.6 | $ 159.3 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Income Tax Expense (Benefit), Total | $ 81 | $ 130 | ||
Effective Income Tax Rate Reconciliation, Percent, Total | 16.40% | 24.30% | ||
Deferred Tax Assets, Net, Total | $ 5,900 | $ 5,600 | ||
Scenario, Forecast [Member] | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
Note 10 - Deferred Compensati54
Note 10 - Deferred Compensation Plans (Details Textual) - USD ($) $ in Millions | Mar. 31, 2018 | Dec. 31, 2017 |
Deferred Compensation Arrangement with Individual, Common Stock Reserved for Future Issuance | 106,566 | 103,620 |
Other Liabilities [Member] | ||
Deferred Compensation Liability, Current and Noncurrent, Total | $ 3.4 | $ 3.5 |
Note 11 - Stock Awards (Details
Note 11 - Stock Awards (Details Textual) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 0.8 | $ 0.7 |
Employee Stock Option [Member] | Omnibus Incentive Plan [Member] | ||
Allocated Share-based Compensation Expense, Total | $ 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 | 5,520 | 7,533 |
Note 11 - Stock Awards - Fair V
Note 11 - Stock Awards - Fair Value Assumptions (Details) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Risk-free interest rate | 2.77% | 2.23% |
Expected term (in years) (Year) | 7 years 182 days | 7 years 182 days |
Expected stock price volatility | 28.30% | 25.40% |
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, 2018 | Mar. 31, 2017 | |
Outstanding, beginning of period (in shares) | 318,000 | 272,550 |
Outstanding, beginning of period, average exercise price (in dollars per share) | $ 9.43 | $ 8.21 |
Granted (in shares) | 62,150 | 64,600 |
Granted, average exercise price (in dollars per share) | $ 11.71 | $ 14.11 |
Exercised (in shares) | 16,650 | |
Exercised, average exercise price (in dollars per share) | $ 8.15 | |
Expired (in shares) | ||
Expired, average exercise price (in dollars per share) | $ 0 | $ 0 |
Forfeited (in shares) | 450 | |
Forfeited, average exercise price (in dollars per share) | $ 11.71 | $ 0 |
Options outstanding, end of period (in shares) | 379,700 | 320,500 |
Options outstanding, end of period, average exercise price (in dollars per share) | $ 9.80 | $ 9.41 |
Options exercisable, end of period (in shares) | 248,300 | 210,633 |
Options exercisable, end of period, average exercise price (in dollars per share) | $ 8.71 | $ 8.20 |
Note 12 - Derivative Financia58
Note 12 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands | Oct. 18, 2017 | Apr. 05, 2016 | Mar. 31, 2018 | Dec. 31, 2017 |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax, Ending Balance | $ 700 | $ 300 | ||
FUSB [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative, Notional Amount | $ 10,000 | $ 10,000 | ||
Derivative, Term of Contract | 7 years | 7 years | ||
Derivative, Fixed Interest Rate | 2.16% | 1.46% | ||
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net, Total | $ 0 |
Note 13 - Segment Reporting (De
Note 13 - Segment Reporting (Details Textual) | 3 Months Ended |
Mar. 31, 2018 | |
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, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | |
Net interest income | $ 7,314 | $ 6,919 | |
Provision for loan losses | 658 | 515 | |
Total non-interest income | 1,140 | 1,167 | |
Total non-interest expense | 7,301 | 7,037 | |
Income before income taxes | 495 | 534 | |
Provision for income taxes | 81 | 130 | |
Net income | 414 | 404 | |
Total assets | 627,319 | 619,827 | $ 625,581 |
Total investment securities | 181,942 | 213,497 | |
Total loans, net | 353,805 | 317,677 | 346,121 |
Investment in subsidiaries | 5 | 5 | |
Fixed asset additions | 115 | 4,087 | |
Depreciation and amortization expense | 351 | 242 | |
Total interest income from external customers | 8,119 | 7,510 | |
Total interest income from affiliates | |||
Intersegment Eliminations [Member] | |||
Net interest income | |||
Provision for loan losses | |||
Total non-interest income | (836) | (763) | |
Total non-interest expense | (201) | (170) | |
Income before income taxes | (635) | (593) | |
Provision for income taxes | |||
Net income | (635) | (593) | |
Total assets | (181,340) | (173,601) | |
Total investment securities | |||
Total loans, net | (85,043) | (76,509) | |
Investment in subsidiaries | (75,055) | (76,976) | |
Fixed asset additions | |||
Depreciation and amortization expense | |||
Total interest income from external customers | |||
Total interest income from affiliates | (1,093) | (1,117) | |
FUSB [Member] | |||
Provision for loan losses | 39 | (130) | |
Total loans, net | 259,276 | 254,682 | |
FUSB [Member] | Operating Segments [Member] | |||
Net interest income | 4,117 | 3,911 | |
Provision for loan losses | 39 | ||
Total non-interest income | 867 | 836 | |
Total non-interest expense | 4,531 | 4,401 | |
Income before income taxes | 414 | 346 | |
Provision for income taxes | 70 | 98 | |
Net income | 344 | 248 | |
Total assets | 629,954 | 622,528 | |
Total investment securities | 181,862 | 213,417 | |
Total loans, net | 344,319 | 309,425 | |
Investment in subsidiaries | 5 | 5 | |
Fixed asset additions | 113 | 4,025 | |
Depreciation and amortization expense | 318 | 201 | |
Total interest income from external customers | 3,837 | 3,392 | |
Total interest income from affiliates | 1,089 | 1,114 | |
ALC [Member] | |||
Provision for loan losses | 619 | 2,117 | |
Total loans, net | 94,529 | $ 91,439 | |
ALC [Member] | Operating Segments [Member] | |||
Net interest income | 3,193 | 3,005 | |
Provision for loan losses | 619 | 515 | |
Total non-interest income | 256 | 244 | |
Total non-interest expense | 2,524 | 2,377 | |
Income before income taxes | 306 | 357 | |
Provision for income taxes | 70 | 130 | |
Net income | 236 | 227 | |
Total assets | 97,685 | 88,233 | |
Total investment securities | |||
Total loans, net | 94,529 | 84,761 | |
Investment in subsidiaries | |||
Fixed asset additions | 2 | 62 | |
Depreciation and amortization expense | 33 | 41 | |
Total interest income from external customers | 4,282 | 4,118 | |
Total interest income from affiliates | |||
Other Segments [Member] | Operating Segments [Member] | |||
Net interest income | 4 | 3 | |
Provision for loan losses | |||
Total non-interest income | 853 | 850 | |
Total non-interest expense | 447 | 429 | |
Income before income taxes | 410 | 424 | |
Provision for income taxes | (59) | (98) | |
Net income | 469 | 522 | |
Total assets | 81,020 | 82,667 | |
Total investment securities | 80 | 80 | |
Total loans, net | |||
Investment in subsidiaries | 75,055 | 76,976 | |
Fixed asset additions | |||
Depreciation and amortization expense | |||
Total interest income from external customers | |||
Total interest income from affiliates | $ 4 | $ 3 |
Note 14 - Guarantees, Commitm61
Note 14 - Guarantees, Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | |
Credit Losses Associated With Derivative Contracts | $ 0 | $ 0 | |
Securities Committed to Purchase Amount | 0 | $ 0 | |
Securities Committed to Sell Amount | 0 | 0 | |
Self Insurance Reserve | $ 200 | $ 200 |
Note 14 - Guarantees, Commitm62
Note 14 - Guarantees, Commitments and Contingencies - Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Standby Letters of Credit [Member] | ||
Commitments and contingent liabilities | $ 180 | $ 180 |
Commitments to Extend Credit [Member] | ||
Commitments and contingent liabilities | $ 54,250 | $ 55,801 |
Note 15 - Fair Value of Finan63
Note 15 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Fair Value, Measurements, Recurring [Member] | ||
Financial and Nonfinancial Liabilities, Fair Value Disclosure | $ 0 | $ 0 |
Note 15 - Fair Value of Finan64
Note 15 - Fair Value of Financial Instruments - Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Investment securities available-for-sale, at fair value | $ 156,642 | $ 153,871 |
Fair Value, Measurements, Recurring [Member] | Other Assets [Member] | ||
Other assets - derivatives, fair value | 889 | 443 |
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 | 889 | 443 |
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 | 85,682 | 82,786 |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 85,682 | 82,786 |
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 | 85,682 | 82,786 |
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 | 65,994 | 66,074 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 65,994 | 66,074 |
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 | 65,994 | 66,074 |
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 | 4,886 | 4,931 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available-for-sale, at fair value | 4,886 | 4,931 |
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 | 4,886 | 4,931 |
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 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 Finan65
Note 15 - Fair Value of Financial Instruments - Assets Measured at Fair Value on Non-recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Fair Value, Inputs, Level 3 [Member] | ||
Financial assets measured at fair value | $ 691 | |
Financial assets measured at fair value | 3,343 | |
Assets held for sale | 228 | |
Fair Value, Measurements, Nonrecurring [Member] | ||
Financial assets measured at fair value | 691 | $ 694 |
Financial assets measured at fair value | 3,343 | 3,792 |
Assets held for sale | 228 | 228 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets measured at fair value | ||
Financial assets measured at fair value | ||
Assets held for sale | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets measured at fair value | ||
Financial assets measured at fair value | ||
Assets held for sale | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets measured at fair value | 691 | 694 |
Financial assets measured at fair value | 3,343 | 3,792 |
Assets held for sale | $ 228 | $ 228 |
Note 15 - Fair Value of Finan66
Note 15 - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Details) - Fair Value, Inputs, Level 3 [Member] $ in Thousands | Mar. 31, 2018USD ($) |
Fair value | $ 691 |
Fair value | 3,343 |
Assets held for sale | $ 228 |
Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |
Quantitative range of unobservable inputs | 9 |
Quantitative range of unobservable inputs | 9 |
Assets held for sale | 9 |
Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |
Quantitative range of unobservable inputs | 10 |
Quantitative range of unobservable inputs | 10 |
Assets held for sale | 10 |
Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |
Quantitative range of unobservable inputs | 9.5 |
Quantitative range of unobservable inputs | 9.5 |
Assets held for sale | (9.5) |
Note 15 - Fair Value of Finan67
Note 15 - Fair Value of Financial Instruments - Estimated Fair Value and Related Carrying or Notional Amounts of Company's Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Assets: | ||
Investment securities available-for-sale | $ 156,642 | $ 153,871 |
Investment securities held-to-maturity | 24,687 | 25,949 |
Reported Value Measurement [Member] | ||
Assets: | ||
Cash and cash equivalents | 34,473 | 27,124 |
Investment securities available-for-sale | 156,642 | 153,871 |
Investment securities held-to-maturity | 25,300 | 26,279 |
Federal Home Loan Bank stock | 1,413 | 1,609 |
Loans, net of allowance for loan losses | 353,805 | 346,121 |
Other assets – derivatives | 889 | 443 |
Federal funds sold | 15,000 | |
Liabilities: | ||
Deposits | 525,273 | 517,079 |
Short-term borrowings | 10,298 | 15,594 |
Long-term debt | 10,000 | 10,000 |
Deposits | 525,273 | 517,079 |
Estimate of Fair Value Measurement [Member] | ||
Assets: | ||
Cash and cash equivalents | 34,473 | 27,124 |
Investment securities available-for-sale | 156,642 | 153,871 |
Investment securities held-to-maturity | 24,687 | 25,949 |
Federal Home Loan Bank stock | 1,413 | 1,609 |
Loans, net of allowance for loan losses | 346,658 | 342,248 |
Other assets – derivatives | 889 | 443 |
Federal funds sold | 15,000 | |
Liabilities: | ||
Deposits | 522,767 | 515,645 |
Short-term borrowings | 10,298 | 15,594 |
Long-term debt | 9,998 | 9,998 |
Deposits | 522,767 | 515,645 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets: | ||
Cash and cash equivalents | 34,473 | 27,124 |
Investment securities available-for-sale | ||
Investment securities held-to-maturity | ||
Federal Home Loan Bank stock | ||
Loans, net of allowance for loan losses | ||
Other assets – derivatives | ||
Federal funds sold | ||
Liabilities: | ||
Deposits | ||
Short-term borrowings | ||
Long-term debt | ||
Deposits | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets: | ||
Cash and cash equivalents | ||
Investment securities available-for-sale | 156,642 | 153,871 |
Investment securities held-to-maturity | 24,687 | 25,949 |
Federal Home Loan Bank stock | ||
Loans, net of allowance for loan losses | ||
Other assets – derivatives | 889 | 443 |
Federal funds sold | 15,000 | |
Liabilities: | ||
Deposits | 522,767 | 515,645 |
Short-term borrowings | 10,298 | 15,594 |
Long-term debt | 9,998 | 9,998 |
Deposits | 522,767 | 515,645 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets: | ||
Cash and cash equivalents | ||
Investment securities available-for-sale | ||
Investment securities held-to-maturity | ||
Federal Home Loan Bank stock | 1,413 | 1,609 |
Loans, net of allowance for loan losses | 346,648 | 342,248 |
Other assets – derivatives | ||
Federal funds sold | ||
Liabilities: | ||
Deposits | ||
Short-term borrowings | ||
Long-term debt | ||
Deposits |
Note 16 - Subsequent Events (De
Note 16 - Subsequent Events (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 |
Assets, Total | $ 627,319 | $ 625,581 | $ 619,827 | |
Scenario, Forecast [Member] | ||||
Assets, Total | $ 800,000 |