United Bancorp (UBCP) 10-Q 12 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 05, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	UNITED BANCORP INC /OH/
Entity Central Index Key	731,653
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	UBCP
Entity Common Stock, Shares Outstanding		5,385,304

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 5,878	$ 4,954
Interest-bearing demand deposits	3,910	7,747
Cash and cash equivalents	9,788	12,701
Available-for-sale securities	31,812	34,623
Loans, net of allowance for loan losses of $2,465 and $2,437 at June 30, 2016 and December 31, 2015, respectively	346,357	327,226
Premises and equipment	11,457	10,446
Federal Home Loan Bank stock	4,210	4,210
Foreclosed assets held for sale, net	326	357
Accrued interest receivable	788	803
Deferred income taxes	614	521
Bank-owned life insurance	11,670	11,509
Other assets	3,080	2,728
Total assets	420,102	405,124
Deposits
Demand	193,819	188,328
Savings	79,788	77,672
Time	53,372	57,622
Total deposits	326,979	323,622
Short-term borrowings	10,065	5,691
Federal Home Loan Bank advances	33,249	26,530
Subordinated debentures	4,124	4,124
Interest payable and other liabilities	3,329	3,661
Total liabilities	377,746	363,628
Stockholders' Equity
Preferred stock, no par value, authorized 2,000,000 shares; no shares issued	0	0
Common stock, $1 par value; authorized 10,000,000 shares; issued 2016 -5,385,304 shares, 2015 - 5,385,304 shares	5,385	5,385
Additional paid-in capital	18,021	18,245
Retained earnings	22,118	21,443
Stock held by deferred compensation plan; 2016 -203,572 shares, 2015 - 235,923 shares	(1,789)	(2,079)
Unearned ESOP compensation	(1,160)	(1,271)
Accumulated other comprehensive loss	(173)	(181)
Treasury stock, at cost 2016 -5,744 shares, 2015 - 5,744 shares	(46)	(46)
Total stockholders' equity	42,356	41,496
Total liabilities and stockholders' equity	$ 420,102	$ 405,124

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Loans, allowance for loan losses	$ 2,465	$ 2,437
Preferred stock, no par value	$ 0	$ 0
Preferred stock, authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 1	$ 1
Common stock, authorized	10,000,000	10,000,000
Common stock, issued	5,385,304	5,385,304
Stock held by deferred compensation plan, shares	203,572	235,923
Treasury stock, shares	5,744	5,744

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest and dividend income
Loans, including fees	$ 4,037	$ 3,822	$ 7,917	$ 7,504
Taxable securities	71	98	152	162
Non-taxable securities	22	39	49	86
Federal funds sold	16	20	23	37
Dividends on Federal Home Loan Bank stock and other	41	61	84	110
Total interest and dividend income	4,187	4,040	8,225	7,899
Deposits
Demand	29	28	57	55
Savings	9	8	18	16
Time	149	226	313	456
Borrowings	250	320	524	636
Total interest expense	437	582	912	1,163
Net interest income	3,750	3,458	7,313	6,736
Provision for loan losses	105	145	176	261
Net interest income after provision for loan losses	3,645	3,313	7,137	6,475
Noninterest income
Service charges on deposit accounts	668	711	1,301	1,410
Realized gains on sales of loans	27	18	43	29
Realized gain on sales of available-for-sale securities	0	11	0	31
Realized gains on sales of real estate and other repossessed assets	0	2	0	2
Other income	207	193	425	405
Total noninterest income	902	935	1,769	1,877
Noninterest expense
Salaries and employee benefits	1,700	1,575	3,350	3,170
Net occupancy and equipment expense	433	503	881	994
Professional services	181	177	380	368
Insurance	55	59	105	126
Deposit insurance premiums	43	51	106	114
Franchise and other taxes	84	73	168	140
Advertising	66	85	151	169
Stationery and office supplies	28	32	57	77
Amortization of intangible asset	0	29	0	59
Net realized loss on sale of other real estate and repossessions	10	0	10	0
Other expenses	651	528	1,185	1,029
Total noninterest expense	3,251	3,112	6,393	6,246
Income before federal income taxes	1,296	1,136	2,513	2,106
Federal income taxes	389	331	762	607
Net income	$ 907	$ 805	$ 1,751	$ 1,499
EARNINGS PER COMMON SHARE
Basic	$ 0.18	$ 0.16	$ 0.35	$ 0.3
Diluted	0.18	0.16	0.35	0.3
DIVIDENDS PER COMMON SHARE	$ 0.1	$ 0.09	$ 0.2	$ 0.18

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 907	$ 805	$ 1,751	$ 1,499
Other comprehensive loss, net of tax:
Reclassification adjustment for realized gains on available-for-sale securities included in net income, net of tax of $-, ($4), $-, ($11)	0	(7)	0	(20)
Unrealized holding losses on securities during the period, net of tax benefits of $(11), ($26), $(5) and ($17) for each respective period	(23)	(50)	(8)	(32)
Comprehensive income	$ 884	$ 748	$ 1,743	$ 1,447

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	$ 0	$ (4)	$ 0	$ (11)
Unrealized holding gain on securities during the period, net of tax benefits	$ (11)	$ (26)	$ (5)	$ (17)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities
Net income	$ 1,751	$ 1,499
Items not requiring (providing) cash
Amortization (accretion) of premiums and discounts on securities, net	(1)	0
Depreciation and amortization	391	479
Amortization of intangible asset	0	59
Gain on sale of available-for-sale securities	0	(31)
Expense related to share based compensation plans	67	91
Expense related to ESOP	110	94
Provision for loan losses	176	261
Bank-owned life insurance	(160)	(176)
Gain on sale of loans	(43)	(29)
Proceeds from sale of loans	2,077	1,967
Loans originated for sale	(2,034)	(1,938)
Loss (Gain) on sale of foreclosed assets	10	(2)
Amortization of mortgage servicing rights	6	7
Net change in accrued interest receivable and other assets	(484)	144
Net change in accrued expenses and other liabilities	(332)	(348)
Changes in
Net cash provided by operating activities	1,534	2,077
Securities available for sale:
Maturities, prepayments and calls	23,824	11,342
Purchases	(21,000)	(31,983)
Securities held to maturity:
Maturities, prepayments and calls	0	215
Proceeds from sale of available-for-sale securities	0	383
Net change in loans	(19,313)	3,839
Purchase of insurance product	0	(2,500)
Purchases of premises and equipment	(1,402)	(920)
Proceeds from sale of foreclosed assets	70	35
Net cash used in investing activities	(17,821)	(19,589)
Financing Activities
Net change in deposits	3,357	761
Net change in short-term borrowings	4,374	3,930
Net change in FHLB overnight borrowings	12,800	0
Repayments of long-term borrowings	(6,080)	(84)
Cash dividends paid on common stock	(1,077)	(968)
Net cash provided by financing activities	13,374	3,639
Decrease in Cash and Cash Equivalents	(2,913)	(13,873)
Cash and Cash Equivalents, Beginning of Period	12,701	39,164
Cash and Cash Equivalents, End of Period	9,788	25,291
Supplemental Cash Flows Information
Interest paid on deposits and borrowings	900	1,171
Federal income taxes paid	647	471
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Transfers from loans to foreclosed assets held for sale	48	0
Vesting of restricted stock	$ 0	$ 39

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1: Summary of Significant Accounting Policies These interim financial statements are prepared without audit and reflect all adjustments which, in the opinion of management, are necessary to present fairly the financial position of United Bancorp, Inc. (“Company”) at June 30, 2016, and its results of operations and cash flows for the interim periods presented. All such adjustments are normal and recurring in nature. The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not purport to contain all the necessary financial disclosures required by accounting principles generally accepted in the United States of America that might otherwise be necessary in the circumstances and should be read in conjunction with the Company’s consolidated financial statements and related notes for the year ended December 31, 2015 included in its Annual Report on Form 10-K. Reference is made to the accounting policies of the Company described in the Notes to the Consolidated Financial Statements contained in its Annual Report on Form 10-K. The results of operations for the three months and six months ended June 30, 2016, are not necessarily indicative of the results to be expected for the full year. The condensed consolidated balance sheet of the Company as of December 31, 2015 has been derived from the audited consolidated balance sheet of the Company as of that date. The consolidated financial statements include the accounts of United Bancorp, Inc. (“United” or “the Company”) and its wholly-owned subsidiary, The Citizens Savings Bank of Martins Ferry, Ohio (“the Bank” or “Citizens”). The Bank operates two divisions, The Community Bank, a division of The Citizens Savings Bank and The Citizens Bank, a division of The Citizens Savings Bank. All intercompany transactions and balances have been eliminated in consolidation. The Company’s revenues, operating income, and assets are almost exclusively derived from banking. Accordingly, all of the Company’s banking operations are considered by management to be aggregated in one reportable operating segment. Customers are mainly located in Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas Counties and the surrounding localities in northeastern, east-central and southeastern Ohio, and include a wide range of individuals, businesses and other organizations. The Citizens Bank division conducts its business through its main office in Martins Ferry, Ohio and offices in Bridgeport, Colerain, Dellroy, Dillonvale, Dover, Jewett, New Philadelphia, St. Clairsville East, St. Clairsville West, Sherrodsville, Strasburg, and Tiltonsville, Ohio. The Community Bank division conducts its business through its two offices in Lancaster, Ohio and offices in Amesville, Glouster, and Nelsonville, Ohio. The Company’s primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and real estate and are not considered “sub prime” type loans. The targeted lending areas of our Bank operations encompass four separate metropolitan areas, minimizing the risk to changes in economic conditions in the communities housing the Company’s branch locations. Commercial loans are expected to be repaid from cash flow from operations of businesses. Real estate loans are secured by both residential and commercial real estate. Net interest income is affected by the relative amount of interest-earning assets and interest-bearing liabilities and the interest received or paid on these balances. The level of interest rates paid or received by the Company can be significantly influenced by a number of environmental factors, such as governmental monetary and fiscal policies, that are outside of management’s control. To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided and future results could differ. The allowance for loan losses and fair values of financial instruments are particularly subject to change. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. For all loan classes, the accrual of interest is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. For all loan classes, the entire balance of the loan is considered past due if the minimum payment contractually required to be paid is not received by the contractual due date. For all loan classes, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. Management’s general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. Consistent with regulatory guidance, charge-offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company’s policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. For all loan portfolio segments except residential and consumer loans, the Company promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Company charges-off residential and consumer loans when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 120 days past due, charge-off of unsecured open-end loans when the loan is 120 days past due, and charge down to the net realizable value when other secured loans are 120 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. When cash payments are received on impaired loans in each loan class, the Company records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms, no principal reduction has been granted and the loan has demonstrated the ability to perform in accordance with the renegotiated terms for a period of at least six months. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans and is based on historical charge-off experience by segment. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior three years. Management believes the three year historical loss experience methodology is appropriate in the current economic environment. 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 loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due The fair values of collateral dependent impaired loans are based on independent appraisals of the collateral. In general, the Company acquires an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal is over a year old, and a new appraisal is not performed, due to lack of comparable values or other reasons, the existing appraisal is utilized and discounted generally 10% - 35% based on the age of the appraisal, condition of the subject property, and overall economic conditions. After determining the collateral value as described, the fair value is calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values is considered in our determination of the allowance for loan losses through our analysis of various trends and conditions including the local economy, trends in charge-offs and delinquencies, etc. and the related qualitative adjustments assigned by the Company. Segments of loans with similar risk characteristics are collectively evaluated for impairment based on the segment’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. In the course of working with borrowers, the Company may choose to restructure the contractual terms of certain loans. In this scenario, the Company attempts to work-out an alternative payment schedule with the borrower in order to optimize collectability of the loan. Any loans that are modified are reviewed by the Company to identify if a troubled debt restructuring (“TDR”) has occurred, which is when, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay in line with its current financial status and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms, or a combination of the two. If such efforts by the Company do not result in a satisfactory arrangement, the loan is referred to legal counsel, at which time foreclosure proceedings are initiated. At any time prior to a sale of the property at foreclosure, the Company may terminate foreclosure proceedings if the borrower is able to work-out a satisfactory payment plan. It is the Company’s policy to have any restructured loans which are on nonaccrual status prior to being restructured remain on nonaccrual status until six months of satisfactory borrower performance at which time management would consider its return to accrual status. If a loan was accruing at the time of restructuring, the Company reviews the loan to determine if it is appropriate to continue the accrual of interest on the restructured loan. With regard to determination of the amount of the allowance for credit losses, trouble debt restructured loans are considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed previously. Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during each period. Diluted earnings per share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock awards and are determined using the treasury stock method. Three months ended Six months ended 2016 2015 2016 2015 (In thousands, except share and per share data) Basic Net income $ 907 $ 805 $ 1,751 $ 1,499 Dividends on non-vested restricted stock (14) (14) (28) (28) Net income allocated to stockholders $ 893 $ 791 $ 1,723 $ 1,471 Weighted average common shares outstanding 4,901,947 4,854,020 4,887,546 4,854,684 Basic earnings per common share $ 0.18 $ 0.16 $ 0.35 $ 0.30 Diluted Net income allocated to stockholders $ 893 $ 791 $ 1,723 $ 1,471 Weighted average common shares outstanding for basic earnings per common share 4,901,947 4,854,020 4,887,546 4,854,684 Add: Dilutive effects of assumed exercise of stock options and restricted stock 95,054 84,522 95,054 84,522 Average shares and dilutive potential common shares 4,997,001 4,938,542 4,982,600 4,939,206 Diluted earnings per common share $ 0.18 $ 0.16 $ 0.35 $ 0.30 Options to purchase 53,714 10.34 The Company is subject to income taxes in the U.S. federal jurisdiction, as well as various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for the years before 2012. In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, “Financial Instruments-Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” For purchased financial assets with a more-than-insignificant amount of credit deterioration since origination (“PCD assets”) that are measured at amortized cost, the initial allowance for credit losses is added to the purchase price rather than being reported as a credit loss expense. Subsequent changes in the allowance for credit losses on PCD assets are recognized through the statement of income as a credit loss expense. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses rather than as a direct write-down to the security. ASU 2016-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact of ASU 2016-13 on its accounting and disclosures. ASU No. 2016-09, "Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ASU No. 2016-09 was issued in March 2016 and affects all entities that issue share-based payment awards to their employees. The new guidance involves several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under ASU No. 2016-09, any excess tax benefits or tax deficiencies should be recognized as income tax expense or benefit in the income statement. Excess tax benefits are to be classified as an operating activity in the statement of cash flows. In accruing compensation cost, an entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest, as required under current guidance, or account for forfeitures when they occur. For an award to qualify for equity classification, an entity cannot partially settle the award in excess of the employer's maximum statutory withholding requirements. Such cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity in the statement of cash flows. The amendments in ASU No. 2016-09 are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. Adoption of ASU No. 2016-07 is not expected to have a material impact on Company’s results of operations or financial position. ASU No. 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities" ASU No. 2016-01 was issued in January 2016 and applies to all entities that hold financial assets or owe financial liabilities. It makes targeted changes to generally accepted accounting principles for public companies as follows: 1. Requires most equity investments to be measured at fair value with changes in fair value recognized in net income. 2. Simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3. Eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 4. Requires use of the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 5. Requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 6. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 7. Clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. For public business entities, the new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. Adoption of ASU No. 2016-01 is not expected to have a material impact on the Company's results of operations or financial position. In May 2014, the FASB issued ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) (ASU 2014-09). This update to the ASC is the culmination of efforts by the FASB and the International Accounting Standards Board (IASB) to develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 supersedes Topic 605 – Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance in ASU 2014-09 describes a 5-step process entities can apply to achieve the core principle of revenue recognition and requires disclosures sufficient to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers and the significant judgments used in determining that information. Originally, the amendments in ASU 2014-09 were effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early application is not allowed. In July 2015, the FASB extended the implementation date to annual reporting periods beginning after December 15, 2017 including interim periods within that reporting period. Transitional guidance is included in the update. Earlier adoption is permitted only as of annual reporting periods beginning after December 31, 2016, including interim periods within that reporting period. The Company is currently evaluating the effects of ASU 2014-09 on its financial statements and disclosures, if any. ASU No. 2014-11, Transfer and Servicing (Topic) 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures ASU No. 2014-11 was issued in June 2014 and requires two accounting changes: The accounting for repurchase-to-maturity transactions is changed to secured borrowings accounting, and for repurchase financing arrangements, separate accounting is required for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which results in secured borrowing accounting. Additional disclosures are required. ASU No. 2014-11 was effective for first interim or annual reporting period beginning after December 15, 2014. In addition, for public companies, the disclosure for certain transactions accounted for as a sale is effective for the first interim or annual period beginning on or after December 15, 2014, and the disclosure for transactions accounted for as secured borrowings is required fro annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. The Company adopted ASU 2014-11 as required, without a material impact on the Company’s financial position or results of operations. On February 25, 2016, the Financial Accounting Standard Board (FASB) issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. This ASU affects all companies and other organization that lease assets such as real estate, airplanes, and manufacturing equipment. Under the current accounting model, an organization applies a classification test to determine the accounting for the lease arrangement: (a) Some leases are classified as capital where by the lessee would recognize lease assets and liabilities on the balance sheet. (b) Other leases are classified as operating leases whereby the lessee would not recognize lease assets and liabilities on the balance sheet. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with Generally Accepted Accounting Principles (GAAP), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP—which requires only capital leases to be recognized on the balance sheet—the new ASU will require both types of leases to be recognized on the balance sheet. For public companies, the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Thus, for a calendar year company, it would be effective January 1, 2019. The Company is currently evaluating the effects of this ASU on its financial statements and disclosures, if any.

Securities

Securities	6 Months Ended
	Jun. 30, 2016
Trading Securities [Abstract]
Securities	Note 2: Securities Amortized Cost Gross Gross Approximate (In thousands) Available-for-sale Securities: June 30, 2016: U.S. government agencies $ 30,000 $ 9 $ (18) $ 29,991 State and political subdivisions 1,813 8 — 1,821 $ 31,813 $ 17 $ (18) $ 31,812 Available-for-sale Securities: December 31, 2015: U.S. government agencies $ 32,000 $ 11 $ (50) $ 31,961 State and political subdivisions 2,637 25 — 2,662 $ 34,637 $ 36 $ (50) $ 34,623 Available-for-sale Amortized Fair (In thousands) Within one year $ 250 $ 251 One to five years 31,563 31,561 Totals $ 31,813 $ 31,812 Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. The total fair value of these investments at June 30, 2016 and December 31, 2015, was $ 18.0 24.0 56.5 69.2 Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary and are a result on an general increase in longer term interest rates. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. June 30, 2016 Less than 12 Months 12 Months or More Total Description of Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) U.S. Government agencies $ 17,981 $ (18) $ — $ — $ 17,981 $ (18) December 31, 2015 Less than 12 Months 12 Months or More Total Description of Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) U.S. Government agencies $ 23,950 $ (50) $ — $ — $ 23,950 $ (50) The unrealized losses on the Company’s investments in U.S. Government agencies were caused primarily by interest rate changes. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at June 30, 2016 and December 31, 2015. For the six months ended June 30, 2015, proceeds from the sale of investment securities available-for-sale were $ 383 31,000 For the three months ended June 30, 2015, proceeds from the sale of investment securities available-for-sale were $ 13 11,000 3,000 4,000

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2016
Loans and Allowance For Loan Losses [Abstract]
Loans and Allowance for Loan Losses	Note 3: Loans and Allowance for Loan Losses June 30, December 31, 2016 2015 (In thousands) Commercial loans $ 86,539 $ 67,247 Commercial real estate 168,517 163,459 Residential real estate 78,307 81,498 Installment loans 15,459 17,459 Total gross loans 348,822 329,663 Less allowance for loan losses (2,465) (2,437) Total loans $ 346,357 $ 327,226 The risk characteristics of each loan portfolio segment are as follows: Commercial Commercial loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and may include a personal guarantee. Short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Commercial Real Estate Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The characteristics of properties securing the Company’s commercial real estate portfolio are diverse, but with geographic location almost entirely in the Company’s market area. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. In general, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate versus nonowner-occupied loans. Residential and Consumer Residential and consumer loans consist of two segments - residential mortgage loans and personal loans. For residential mortgage loans that are secured by 1-4 family residences and are generally owner-occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Home equity loans are typically secured by a subordinate interest in 1-4 family residences, and consumer personal loans are secured by consumer personal assets, such as automobiles or recreational vehicles. Some consumer personal loans are unsecured, such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas, such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Allowance for Loan Losses and Recorded Investment in Loans As of and for the three and six month period ended June 30, 2016 Commercial Commercial Residential Installment Unallocated Total (In thousands) Allowance for loan losses: Balance, April 1, 2016 $ 192 $ 702 $ 166 $ 236 $ 1,079 $ 2,375 Provision charged to expense 231 (278) (15) 9 158 105 Losses charged off — — — (120) — (120) Recoveries 74 3 12 16 — 105 Balance, June 30, 2016 $ 497 $ 427 $ 163 $ 141 $ 1,237 $ 2,465 Balance, January 1, 2016 $ 184 $ 597 $ 170 $ 113 $ 1,373 $ 2,437 Provision charged to expense 238 (177) 72 179 (136) 176 Losses charged off (2) — (91) (191) — (284) Recoveries 77 7 12 40 — 136 Balance, June 30, 2016 $ 497 $ 427 $ 163 $ 141 $ 1,237 $ 2,465 Ending balance: individually evaluated for impairment $ — $ 278 $ — $ — $ — $ 278 Ending balance: collectively evaluated for impairment $ 497 $ 149 $ 163 $ 141 $ 1,237 $ 2,187 Loans: Ending balance: individually evaluated for impairment $ 1 $ 1,368 $ — $ — $ — $ 1,369 Ending balance: collectively evaluated for impairment $ 86,538 $ 167,149 $ 78,307 $ 15,459 $ — $ 348,822 As of and for the three and six month period ended June 30, 2015 Commercial Commercial Residential Installment Unallocated Total (In thousands) Allowance for loan losses: Balance, April 1, 2015 $ 238 $ 1,119 $ 171 $ 91 $ 887 $ 2,506 Provision charged to expense (11) (351) 79 71 357 145 Losses charged off –– –– (40) — –– (40) Recoveries 7 3 66 10 –– 86 Balance, June 30, 2015 $ 234 $ 771 $ 276 $ 172 $ 1,244 $ 2,697 Balance, January 1, 2015 $ 254 $ 1,116 $ 147 $ 92 $ 791 $ 2,400 Provision charged to expense (46) (352) 140 66 453 261 Losses charged off –– –– (93) — –– (93) Recoveries 26 7 82 14 –– 129 Balance, June 30, 2015 $ 234 $ 771 $ 276 $ 172 $ 1,244 $ 2,697 Ending balance: individually evaluated for impairment $ 86 $ 377 $ — $ — $ — $ 463 Ending balance: collectively evaluated for impairment $ 148 $ 394 $ 276 $ 172 $ 1,244 $ 2,234 Loans: Ending balance: individually evaluated for impairment $ 98 $ 1,947 $ — $ — $ — $ 2,045 Ending balance: collectively evaluated for impairment $ 57,380 $ 150,317 $ 82,857 $ 19,323 $ — $ 309,877 Allowance for Loan Losses and Recorded Investment in Loans As of December 31, 2015 Commercial Commercial Residential Installment Unallocated Total (In thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 9 $ 172 $ –– $ –– $ –– $ 181 Ending balance: collectively evaluated for impairment $ 175 $ 425 $ 170 $ 113 $ 1,373 $ 2,256 Loans: Ending balance: individually evaluated for impairment $ 57 $ 1,273 $ –– $ 80 $ –– $ 1,410 Ending balance: collectively evaluated for impairment $ 67,190 $ 162,186 $ 81,498 $ 17,379 $ –– $ 328,253 June 30, 2016 Loan Class Commercial Commercial Residential Installment Total (In thousands) Pass Grade $ 86,436 $ 163,724 $ 78,307 $ 15,459 $ 343,926 Special Mention 102 673 — — 775 Substandard 1 4,120 — — 4,121 Doubtful — — — — — $ 86,539 $ 168,517 $ 78,307 $ 15,459 $ 348,822 December 31, 2015 Loan Class Commercial Commercial Residential Installment Total (In thousands) Pass Grade $ 67,150 $ 158,362 $ 81,498 $ 17,363 $ 324,373 Special Mention 39 996 — — 1,035 Substandard 58 4,101 — 96 4,255 Doubtful — — — — — $ 67,247 $ 163,459 $ 81,498 $ 17,459 $ 329,663 To facilitate the monitoring of credit quality within the loan portfolio, and for purposes of analyzing historical loss rates used in the determination of the ALLL, the Company utilizes the following categories of credit grades: pass, special mention, substandard, and doubtful. The four categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter. Pass ratings, which are assigned to those borrowers that do not have identified potential or well defined weaknesses and for which there is a high likelihood of orderly repayment, are updated periodically based on the size and credit characteristics of the borrower. All other categories are updated on at least a quarterly basis. The Company assigns a special mention rating to loans that have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the loan or the Company’s credit position. The Company assigns a substandard rating to loans that are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. Substandard loans have well defined weaknesses or weaknesses that could jeopardize the orderly repayment of the debt. Loans and leases in this grade also are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies noted are not addressed and corrected. The Company assigns a doubtful rating to loans that have all the attributes of a substandard rating with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may work to the advantage of and strengthen the credit quality of the loan or lease, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors may include a proposed merger or acquisition, liquidation proceeding, capital injection, perfecting liens on additional collateral or refinancing plans. Loan Portfolio Aging Analysis As of June 30, 2016 30-59 Days 60-89 Days Greater Non Total Past Current Total Loans (In thousands) Commercial $ 47 $ 86 $ — $ 2 $ 135 $ 86,404 $ 86,539 Commercial real estate 199 — — 474 673 167,844 168,517 Residential 780 354 — 707 1,841 76,466 78,307 Installment 112 2 — 45 159 15,300 15,459 Total $ 1,138 $ 442 $ — $ 1,228 $ 2,808 $ 346,014 $ 348,822 Loan Portfolio Aging Analysis As of December 31, 2015 30-59 Days 60-89 Days Greater Non Total Past Current Total Loans (In thousands) Commercial $ 141 $ — $ — $ 63 $ 204 $ 67,043 $ 67,247 Commercial real estate 319 — 132 250 701 162,758 163,459 Residential 737 500 — 599 1,836 79,662 81,498 Installment 220 71 — 132 423 17,036 17,459 Total $ 1,417 $ 571 $ 132 $ 1,044 $ 3,164 $ 326,499 $ 329,663 A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. As of June 30, 2016 For the three months ended For the six months ended Recorded Unpaid Specific Average Interest Average Interest (In thousands) Loans without a specific valuation allowance: Commercial $ 1 $ 1 $ — $ 1 $ — $ 1 $ — Commercial real estate 471 471 — 875 9 884 17 Residential — — — — — — — Installment — — — — — — — 472 472 — 876 9 885 17 Loans with a specific valuation allowance: Commercial — — — — — — — Commercial real estate 897 897 278 1,098 6 1,102 17 Residential — — — — — — — Installment — — — — 2 — 2 897 897 278 1,098 8 1,102 19 Total: Commercial $ 1 $ 1 $ — $ 1 $ — $ 1 $ — Commercial real estate $ 1,368 $ 1,368 $ 278 $ 1,973 $ 15 $ 1,986 $ 34 Residential $ — $ — $ — $ — $ — $ — $ — Installment $ — $ — $ — $ — $ 2 $ — $ 2 Impaired Loans As of December 31, 2015 For the three months ended For the six months ended Recorded Unpaid Specific Average Interest Average Interest (In thousands) Loans without a specific valuation allowance: Commercial $ 44 $ 74 $ — $ — $ — $ — $ — Commercial real estate 464 464 — 1,493 17 1,500 26 Residential 80 203 — — — — — Installment — — — — — — — 588 741 — 1,493 17 1,500 26 Loans with a specific valuation allowance: Commercial 13 49 9 100 2 102 4 Commercial real estate 809 961 172 928 3 945 18 Residential — — — — — — — Installment — — — — — — — 822 1,010 181 1,028 5 1,047 22 Total: Commercial $ 57 $ 123 $ 9 $ 100 $ 2 $ 102 $ 4 Commercial real estate $ 1,273 $ 1,425 $ 172 $ 2,421 $ 20 $ 2,445 $ 44 Residential $ 80 $ 203 $ — $ — $ — $ — $ — Installment $ — $ — $ — $ — $ — $ — $ — Interest income recognized on a cash basis was not materiality different than interest income recognized. For the TDRs noted in the tables below, the Company extended the maturity dates and granted interest rate concessions as part of each of those loan restructurings. The loans included in the tables are considered impaired and specific loss calculations are performed on the individual loans. Three Months ended June 30, 2016 Number of Pre- Modification Post-Modification (In thousands) Commercial — $ — $ — Commercial real estate — — — Residential — — — Installment — — — Three Months Ended June 30, 2016 Interest Term Combination Total (In thousands) Commercial $ — $ — $ — $ — Commercial real estate — — — — Residential — — — — Consumer — — — — Six Months ended June 30, 2016 Number of Pre- Modification Post-Modification (In thousands) Commercial — $ — $ — Commercial real estate 2 85 85 Residential — — — Installment — — — Six Months Ended June 30, 2016 Interest Term Combination Total (In thousands) Commercial $ — $ — $ — $ — Commercial real estate — 85 — 85 Residential — — — — Consumer — — — — During the six months ended June 30, 2016, troubled debt restructurings described above increased the allowance for loan losses by $ 8,300 At June 30, 2016 and 2015 and for three and six month periods then ended, there were no material defaults of any troubled debt restructurings that were modified in the last 12 months. The Company generally considers TDR’s that become 90 days or more past due under the modified terms as subsequently defaulted.

Benefit Plans

Benefit Plans	6 Months Ended
	Jun. 30, 2016
Benefit Plans [Abstract]
Benefit Plans	Note 4: Benefit Plans Three months ended Six months ended 2016 2015 2016 2015 (In thousands) Service cost $ 78 $ 85 $ 156 $ 170 Interest cost 50 48 100 96 Expected return on assets (86) (94) (172) (188) Amortization of prior service cost and net loss (2) (12) (4) (24) Pension expense $ 40 $ 27 $ 80 $ 54

Off-balance-sheet Activities

Off-balance-sheet Activities	6 Months Ended
	Jun. 30, 2016
Off Balance Sheet Activities [Abstract]
Off-balance-sheet Activities	Note 5: Off-balance-sheet Activities Some financial instruments, such as loan commitments, credit lines, letters of credit and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contracts are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. June 30, December 31, 2016 2015 (In thousands) Commercial loans unused lines of credit $ 20,292 $ 18,604 Commitment to originate loans 12,248 11,275 Consumer open end lines of credit 36,591 36,410 Standby letters of credit — —

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]
Accumulated Other Comprehensive Income	Note 6: Accumulated Other Comprehensive Loss June 30, December 31, (In thousands) Net unrealized loss on securities available-for-sale $ (1) $ (14) Net unrealized loss for funded status of defined benefit plan liability (261) (261) (262) (275) Tax effect 89 94 Net-of-tax amount $ (173) $ (181)

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7: Fair Value Measurements The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company also utilizes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such instruments pursuant to the valuation hierarchy. Available-for-sale Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. The Company’s equity securities are classified within Level 1 of the hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Such securities are classified in Level 2 of the valuation hierarchy. Fair Value Measurements Using Fair Value Quoted Prices Significant Significant (In thousands) June 30, 2016 U.S. government agencies $ 29,991 $ –– $ 29,991 $ –– State and political subdivisions 1,821 –– 1,821 –– December 31, 2015 U.S. government agencies $ 31,961 $ –– $ 31,961 $ –– State and political subdivisions 2,662 –– 2,662 –– Following is a description of the valuation methodologies used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. Impaired Loans (Collateral Dependent) Collateral dependent impaired loans consisted primarily of loans secured by nonresidential real estate. Management has determined fair value measurements on impaired loans primarily through evaluations of appraisals performed. Due to the nature of the valuation inputs, impaired loans are classified within Level 3 of the hierarchy. The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by the Company’s Chief Lender. Appraisals are reviewed for accuracy and consistency by the Company’s Chief Lender. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by the Company’s Chief Lender by comparison to historical results. Foreclosed Assets Held for Sale Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value (based on current appraised value) at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Management has determined fair value measurements on other real estate owned primarily through evaluations of appraisals performed, and current and past offers for the other real estate under evaluation. Due to the nature of the valuation inputs, foreclosed assets held for sale are classified within Level 3 of the hierarchy. Appraisals of OREO are obtained when the real estate is acquired and subsequently as deemed necessary by the Company’s Chief lender. Appraisals are reviewed for accuracy and consistency by the Company’s Chief Lender and are selected from the list of approved appraisers maintained by management. Fair Value Measurements Using Fair Quoted Prices Significant Significant (In thousands) June 30, 2016 Collateral dependent impaired loans $ 679 $ — $ — $ 679 December 31, 2015 Collateral dependent impaired loans $ 641 $ — $ — $ 641 Foreclosed assets held for sale 327 — — 327 Unobservable (Level 3) Inputs Fair Value at Valuation Unobservable Inputs Range (In thousands) Collateral-dependent impaired loans $ 679 Market comparable properties Marketability discount Not available Fair Value at Valuation Technique Unobservable Inputs Range (In thousands) Collateral-dependent impaired loans $ 641 Market comparable properties Marketability discount Not available Foreclosed assets held for sale $ 327 Market comparable properties Selling costs 10% – 35% There were no significant changes in the valuation techniques used during 2016. Fair Value Measurements Using Carrying Quoted Prices Significant Significant (In thousands) June 30, 2016 Financial assets Cash and cash equivalents $ 9,788 $ 9,788 $ — $ — Loans, net of allowance 346,357 — — 346,446 Federal Home Loan Bank stock 4,210 — 4,210 — Accrued interest receivable 788 — 788 — Financial liabilities Deposits 326,979 — 314,134 — Short term borrowings 10,065 — 10,065 — Federal Home Loan Bank Advances 33,249 — 33,858 — Subordinated debentures 4,124 — 3,238 — Interest payable 99 99 Fair Value Measurements Using Carrying Quoted Prices Significant Significant (In thousands) December 31, 2015 Financial assets Cash and cash equivalents $ 12,701 $ 12,701 $ — $ — Loans, net of allowance 327,226 — — 325,354 Federal Home Loan Bank stock 4,210 — 4,210 — Accrued interest receivable 803 — 803 — Financial liabilities Deposits 323,622 — 307,172 — Short term borrowings 5,691 — 5,691 — Federal Home Loan Bank Advances 26,530 — 27,347 — Subordinated debentures 4,124 — 3,238 — Interest payable 123 — 123 — The following methods and assumptions were used to estimate the fair value of each class of financial instruments. Cash and Cash Equivalents, Accrued Interest Receivable and Federal Home Loan Bank Stock The carrying amounts approximate fair value. Loans The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics were aggregated for purposes of the calculations. Deposits Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates fair value. The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities. Interest Payable The carrying amount approximates fair value. Short-term Borrowings, Federal Home Loan Bank Advances and Subordinated Debentures Rates currently available to the Company for debt with similar terms and remaining maturities are used to estimate the fair value of existing debt. Commitments to Originate Loans, Letters of Credit and Lines of Credit The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. Fair values of commitments were not material at June 30, 2016 and December 31, 2015.

Repurchase Agreements

Repurchase Agreements	6 Months Ended
	Jun. 30, 2016
Disclosure of Repurchase Agreements [Abstract]
Disclosure of Repurchase Agreements	Note 8: Repurchase Agreements Securities sold under agreements to repurchase (“repurchase agreements”) with customers represent funds deposited by customers, generally on an overnight basis that are collateralized by investment securities owned by the Company. At June 30, 2016 and December 31, 2015, repurchase agreement borrowings totaled $ 10,065,000 5,691,000 Remaining Contractual Maturity of the Agreement (In thousands) June 30, 2016 Overnight and Up to 30 Days 30-90 Days Greater than 90 Total Repurchase Agreements U.S. government agencies $ 10,065 $ — $ — $ — $ 10,065 State and political subdivisions — — — — — Total $ 10,065 $ — $ — $ — $ 10,065 December 31, 2015 Overnight and Up to 30 Days 30-90 Days Greater than 90 Total Repurchase Agreements U.S. government agencies $ 1,622 $ — $ — $ — $ 1,622 State and political subdivisions 4,069 — — — 4,069 Total $ 5,691 $ — $ — $ — $ 5,691 These borrowings were collateralized with U.S. government and agency securities with a carrying value of $ 12.5 8.5

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of United Bancorp, Inc. (“United” or “the Company”) and its wholly-owned subsidiary, The Citizens Savings Bank of Martins Ferry, Ohio (“the Bank” or “Citizens”). The Bank operates two divisions, The Community Bank, a division of The Citizens Savings Bank and The Citizens Bank, a division of The Citizens Savings Bank. All intercompany transactions and balances have been eliminated in consolidation.
Nature of Operations	Nature of Operations The Company’s revenues, operating income, and assets are almost exclusively derived from banking. Accordingly, all of the Company’s banking operations are considered by management to be aggregated in one reportable operating segment. Customers are mainly located in Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas Counties and the surrounding localities in northeastern, east-central and southeastern Ohio, and include a wide range of individuals, businesses and other organizations. The Citizens Bank division conducts its business through its main office in Martins Ferry, Ohio and offices in Bridgeport, Colerain, Dellroy, Dillonvale, Dover, Jewett, New Philadelphia, St. Clairsville East, St. Clairsville West, Sherrodsville, Strasburg, and Tiltonsville, Ohio. The Community Bank division conducts its business through its two offices in Lancaster, Ohio and offices in Amesville, Glouster, and Nelsonville, Ohio. The Company’s primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and real estate and are not considered “sub prime” type loans. The targeted lending areas of our Bank operations encompass four separate metropolitan areas, minimizing the risk to changes in economic conditions in the communities housing the Company’s branch locations. Commercial loans are expected to be repaid from cash flow from operations of businesses. Real estate loans are secured by both residential and commercial real estate. Net interest income is affected by the relative amount of interest-earning assets and interest-bearing liabilities and the interest received or paid on these balances. The level of interest rates paid or received by the Company can be significantly influenced by a number of environmental factors, such as governmental monetary and fiscal policies, that are outside of management’s control.
Use of Estimates	Use of Estimates To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided and future results could differ. The allowance for loan losses and fair values of financial instruments are particularly subject to change.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. For all loan classes, the accrual of interest is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. For all loan classes, the entire balance of the loan is considered past due if the minimum payment contractually required to be paid is not received by the contractual due date. For all loan classes, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. Management’s general practice is to proactively charge down loans individually evaluated for impairment to the fair value of the underlying collateral. Consistent with regulatory guidance, charge-offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company’s policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. For all loan portfolio segments except residential and consumer loans, the Company promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Company charges-off residential and consumer loans when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 120 days past due, charge-off of unsecured open-end loans when the loan is 120 days past due, and charge down to the net realizable value when other secured loans are 120 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. When cash payments are received on impaired loans in each loan class, the Company records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms, no principal reduction has been granted and the loan has demonstrated the ability to perform in accordance with the renegotiated terms for a period of at least six months.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans and is based on historical charge-off experience by segment. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior three years. Management believes the three year historical loss experience methodology is appropriate in the current economic environment. 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 loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due The fair values of collateral dependent impaired loans are based on independent appraisals of the collateral. In general, the Company acquires an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal is over a year old, and a new appraisal is not performed, due to lack of comparable values or other reasons, the existing appraisal is utilized and discounted generally 10% - 35% based on the age of the appraisal, condition of the subject property, and overall economic conditions. After determining the collateral value as described, the fair value is calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values is considered in our determination of the allowance for loan losses through our analysis of various trends and conditions including the local economy, trends in charge-offs and delinquencies, etc. and the related qualitative adjustments assigned by the Company. Segments of loans with similar risk characteristics are collectively evaluated for impairment based on the segment’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. In the course of working with borrowers, the Company may choose to restructure the contractual terms of certain loans. In this scenario, the Company attempts to work-out an alternative payment schedule with the borrower in order to optimize collectability of the loan. Any loans that are modified are reviewed by the Company to identify if a troubled debt restructuring (“TDR”) has occurred, which is when, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay in line with its current financial status and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms, or a combination of the two. If such efforts by the Company do not result in a satisfactory arrangement, the loan is referred to legal counsel, at which time foreclosure proceedings are initiated. At any time prior to a sale of the property at foreclosure, the Company may terminate foreclosure proceedings if the borrower is able to work-out a satisfactory payment plan. It is the Company’s policy to have any restructured loans which are on nonaccrual status prior to being restructured remain on nonaccrual status until six months of satisfactory borrower performance at which time management would consider its return to accrual status. If a loan was accruing at the time of restructuring, the Company reviews the loan to determine if it is appropriate to continue the accrual of interest on the restructured loan. With regard to determination of the amount of the allowance for credit losses, trouble debt restructured loans are considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed previously.
Earnings Per Share	Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during each period. Diluted earnings per share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock awards and are determined using the treasury stock method. Three months ended Six months ended 2016 2015 2016 2015 (In thousands, except share and per share data) Basic Net income $ 907 $ 805 $ 1,751 $ 1,499 Dividends on non-vested restricted stock (14) (14) (28) (28) Net income allocated to stockholders $ 893 $ 791 $ 1,723 $ 1,471 Weighted average common shares outstanding 4,901,947 4,854,020 4,887,546 4,854,684 Basic earnings per common share $ 0.18 $ 0.16 $ 0.35 $ 0.30 Diluted Net income allocated to stockholders $ 893 $ 791 $ 1,723 $ 1,471 Weighted average common shares outstanding for basic earnings per common share 4,901,947 4,854,020 4,887,546 4,854,684 Add: Dilutive effects of assumed exercise of stock options and restricted stock 95,054 84,522 95,054 84,522 Average shares and dilutive potential common shares 4,997,001 4,938,542 4,982,600 4,939,206 Diluted earnings per common share $ 0.18 $ 0.16 $ 0.35 $ 0.30 Options to purchase 53,714 10.34
Income Taxes	Income Taxes The Company is subject to income taxes in the U.S. federal jurisdiction, as well as various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for the years before 2012.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, “Financial Instruments-Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” For purchased financial assets with a more-than-insignificant amount of credit deterioration since origination (“PCD assets”) that are measured at amortized cost, the initial allowance for credit losses is added to the purchase price rather than being reported as a credit loss expense. Subsequent changes in the allowance for credit losses on PCD assets are recognized through the statement of income as a credit loss expense. Credit losses relating to available-for-sale debt securities will be recorded through an allowance for credit losses rather than as a direct write-down to the security. ASU 2016-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently evaluating the impact of ASU 2016-13 on its accounting and disclosures. In May 2014, the FASB issued ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) (ASU 2014-09). This update to the ASC is the culmination of efforts by the FASB and the International Accounting Standards Board (IASB) to develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (IFRS). ASU 2014-09 supersedes Topic 605 – Revenue Recognition and most industry-specific guidance. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance in ASU 2014-09 describes a 5-step process entities can apply to achieve the core principle of revenue recognition and requires disclosures sufficient to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers and the significant judgments used in determining that information. Originally, the amendments in ASU 2014-09 were effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and early application is not allowed. In July 2015, the FASB extended the implementation date to annual reporting periods beginning after December 15, 2017 including interim periods within that reporting period. Transitional guidance is included in the update. Earlier adoption is permitted only as of annual reporting periods beginning after December 31, 2016, including interim periods within that reporting period. The Company is currently evaluating the effects of ASU 2014-09 on its financial statements and disclosures, if any. ASU No. 2014-11, Transfer and Servicing (Topic) 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures ASU No. 2014-11 was issued in June 2014 and requires two accounting changes: The accounting for repurchase-to-maturity transactions is changed to secured borrowings accounting, and for repurchase financing arrangements, separate accounting is required for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which results in secured borrowing accounting. Additional disclosures are required. ASU No. 2014-11 was effective for first interim or annual reporting period beginning after December 15, 2014. In addition, for public companies, the disclosure for certain transactions accounted for as a sale is effective for the first interim or annual period beginning on or after December 15, 2014, and the disclosure for transactions accounted for as secured borrowings is required fro annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. The Company adopted ASU 2014-11 as required, without a material impact on the Company’s financial position or results of operations. On February 25, 2016, the Financial Accounting Standard Board (FASB) issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. This ASU affects all companies and other organization that lease assets such as real estate, airplanes, and manufacturing equipment. Under the current accounting model, an organization applies a classification test to determine the accounting for the lease arrangement: (a) Some leases are classified as capital where by the lessee would recognize lease assets and liabilities on the balance sheet. (b) Other leases are classified as operating leases whereby the lessee would not recognize lease assets and liabilities on the balance sheet. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with Generally Accepted Accounting Principles (GAAP), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP—which requires only capital leases to be recognized on the balance sheet—the new ASU will require both types of leases to be recognized on the balance sheet. For public companies, the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Thus, for a calendar year company, it would be effective January 1, 2019. The Company is currently evaluating the effects of this ASU on its financial statements and disclosures, if any. ASU No. 2016-09, "Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting" ASU No. 2016-09 was issued in March 2016 and affects all entities that issue share-based payment awards to their employees. The new guidance involves several aspects of the accounting for share-based payment transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under ASU No. 2016-09, any excess tax benefits or tax deficiencies should be recognized as income tax expense or benefit in the income statement. Excess tax benefits are to be classified as an operating activity in the statement of cash flows. In accruing compensation cost, an entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest, as required under current guidance, or account for forfeitures when they occur. For an award to qualify for equity classification, an entity cannot partially settle the award in excess of the employer's maximum statutory withholding requirements. Such cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity in the statement of cash flows. The amendments in ASU No. 2016-09 are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. Adoption of ASU No. 2016-07 is not expected to have a material impact on Company’s results of operations or financial position. ASU No. 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities" ASU No. 2016-01 was issued in January 2016 and applies to all entities that hold financial assets or owe financial liabilities. It makes targeted changes to generally accepted accounting principles for public companies as follows: 1. Requires most equity investments to be measured at fair value with changes in fair value recognized in net income. 2. Simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3. Eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 4. Requires use of the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 5. Requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 6. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 7. Clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. For public business entities, the new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2017. Adoption of ASU No. 2016-01 is not expected to have a material impact on the Company's results of operations or financial position.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three months ended Six months ended 2016 2015 2016 2015 (In thousands, except share and per share data) Basic Net income $ 907 $ 805 $ 1,751 $ 1,499 Dividends on non-vested restricted stock (14) (14) (28) (28) Net income allocated to stockholders $ 893 $ 791 $ 1,723 $ 1,471 Weighted average common shares outstanding 4,901,947 4,854,020 4,887,546 4,854,684 Basic earnings per common share $ 0.18 $ 0.16 $ 0.35 $ 0.30 Diluted Net income allocated to stockholders $ 893 $ 791 $ 1,723 $ 1,471 Weighted average common shares outstanding for basic earnings per common share 4,901,947 4,854,020 4,887,546 4,854,684 Add: Dilutive effects of assumed exercise of stock options and restricted stock 95,054 84,522 95,054 84,522 Average shares and dilutive potential common shares 4,997,001 4,938,542 4,982,600 4,939,206 Diluted earnings per common share $ 0.18 $ 0.16 $ 0.35 $ 0.30

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2016
Trading Securities [Abstract]
Amortized Cost and Approximate Fair Values, Together with Gross Unrealized Gains and Losses of Securities	The amortized cost and approximate fair values, together with gross unrealized gains and losses of securities are as follows: Amortized Cost Gross Gross Approximate (In thousands) Available-for-sale Securities: June 30, 2016: U.S. government agencies $ 30,000 $ 9 $ (18) $ 29,991 State and political subdivisions 1,813 8 — 1,821 $ 31,813 $ 17 $ (18) $ 31,812 Available-for-sale Securities: December 31, 2015: U.S. government agencies $ 32,000 $ 11 $ (50) $ 31,961 State and political subdivisions 2,637 25 — 2,662 $ 34,637 $ 36 $ (50) $ 34,623
Amortized Cost and Fair Value of Available-for-Sale Securities and Held-to-Maturity Securities, by Contractual Maturity	The amortized cost and fair value of available-for-sale securities at June 30, 2016, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available-for-sale Amortized Fair (In thousands) Within one year $ 250 $ 251 One to five years 31,563 31,561 Totals $ 31,813 $ 31,812
Investments' Gross Unrealized Losses and Fair Value, Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position	June 30, 2016 Less than 12 Months 12 Months or More Total Description of Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) U.S. Government agencies $ 17,981 $ (18) $ — $ — $ 17,981 $ (18) December 31, 2015 Less than 12 Months 12 Months or More Total Description of Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (In thousands) U.S. Government agencies $ 23,950 $ (50) $ — $ — $ 23,950 $ (50)

Loans and Allowance for Loan 19

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2016
Loans and Allowance For Loan Losses [Abstract]
Categories of Loans	Categories of loans include: June 30, December 31, 2016 2015 (In thousands) Commercial loans $ 86,539 $ 67,247 Commercial real estate 168,517 163,459 Residential real estate 78,307 81,498 Installment loans 15,459 17,459 Total gross loans 348,822 329,663 Less allowance for loan losses (2,465) (2,437) Total loans $ 346,357 $ 327,226
Allowance for Loan Losses and Recorded Investment in Loans	Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. Allowance for Loan Losses and Recorded Investment in Loans As of and for the three and six month period ended June 30, 2016 Commercial Commercial Residential Installment Unallocated Total (In thousands) Allowance for loan losses: Balance, April 1, 2016 $ 192 $ 702 $ 166 $ 236 $ 1,079 $ 2,375 Provision charged to expense 231 (278) (15) 9 158 105 Losses charged off — — — (120) — (120) Recoveries 74 3 12 16 — 105 Balance, June 30, 2016 $ 497 $ 427 $ 163 $ 141 $ 1,237 $ 2,465 Balance, January 1, 2016 $ 184 $ 597 $ 170 $ 113 $ 1,373 $ 2,437 Provision charged to expense 238 (177) 72 179 (136) 176 Losses charged off (2) — (91) (191) — (284) Recoveries 77 7 12 40 — 136 Balance, June 30, 2016 $ 497 $ 427 $ 163 $ 141 $ 1,237 $ 2,465 Ending balance: individually evaluated for impairment $ — $ 278 $ — $ — $ — $ 278 Ending balance: collectively evaluated for impairment $ 497 $ 149 $ 163 $ 141 $ 1,237 $ 2,187 Loans: Ending balance: individually evaluated for impairment $ 1 $ 1,368 $ — $ — $ — $ 1,369 Ending balance: collectively evaluated for impairment $ 86,538 $ 167,149 $ 78,307 $ 15,459 $ — $ 348,822 Allowance for Loan Losses and Recorded Investment in Loans As of and for the three and six month period ended June 30, 2015 Commercial Commercial Residential Installment Unallocated Total (In thousands) Allowance for loan losses: Balance, April 1, 2015 $ 238 $ 1,119 $ 171 $ 91 $ 887 $ 2,506 Provision charged to expense (11) (351) 79 71 357 145 Losses charged off –– –– (40) — –– (40) Recoveries 7 3 66 10 –– 86 Balance, June 30, 2015 $ 234 $ 771 $ 276 $ 172 $ 1,244 $ 2,697 Balance, January 1, 2015 $ 254 $ 1,116 $ 147 $ 92 $ 791 $ 2,400 Provision charged to expense (46) (352) 140 66 453 261 Losses charged off –– –– (93) — –– (93) Recoveries 26 7 82 14 –– 129 Balance, June 30, 2015 $ 234 $ 771 $ 276 $ 172 $ 1,244 $ 2,697 Ending balance: individually evaluated for impairment $ 86 $ 377 $ — $ — $ — $ 463 Ending balance: collectively evaluated for impairment $ 148 $ 394 $ 276 $ 172 $ 1,244 $ 2,234 Loans: Ending balance: individually evaluated for impairment $ 98 $ 1,947 $ — $ — $ — $ 2,045 Ending balance: collectively evaluated for impairment $ 57,380 $ 150,317 $ 82,857 $ 19,323 $ — $ 309,877 Allowance for Loan Losses and Recorded Investment in Loans As of December 31, 2015 Commercial Commercial Residential Installment Unallocated Total (In thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 9 $ 172 $ –– $ –– $ –– $ 181 Ending balance: collectively evaluated for impairment $ 175 $ 425 $ 170 $ 113 $ 1,373 $ 2,256 Loans: Ending balance: individually evaluated for impairment $ 57 $ 1,273 $ –– $ 80 $ –– $ 1,410 Ending balance: collectively evaluated for impairment $ 67,190 $ 162,186 $ 81,498 $ 17,379 $ –– $ 328,253
Portfolio Quality Indicators	June 30, 2016 Loan Class Commercial Commercial Residential Installment Total (In thousands) Pass Grade $ 86,436 $ 163,724 $ 78,307 $ 15,459 $ 343,926 Special Mention 102 673 — — 775 Substandard 1 4,120 — — 4,121 Doubtful — — — — — $ 86,539 $ 168,517 $ 78,307 $ 15,459 $ 348,822 December 31, 2015 Loan Class Commercial Commercial Residential Installment Total (In thousands) Pass Grade $ 67,150 $ 158,362 $ 81,498 $ 17,363 $ 324,373 Special Mention 39 996 — — 1,035 Substandard 58 4,101 — 96 4,255 Doubtful — — — — — $ 67,247 $ 163,459 $ 81,498 $ 17,459 $ 329,663
Loan Portfolio Aging Analysis	The Company evaluates the loan risk grading system definitions and allowance for loan losses methodology on an ongoing basis. No significant changes were made to either during the past year to date period. Loan Portfolio Aging Analysis As of June 30, 2016 30-59 Days 60-89 Days Greater Non Total Past Current Total Loans (In thousands) Commercial $ 47 $ 86 $ — $ 2 $ 135 $ 86,404 $ 86,539 Commercial real estate 199 — — 474 673 167,844 168,517 Residential 780 354 — 707 1,841 76,466 78,307 Installment 112 2 — 45 159 15,300 15,459 Total $ 1,138 $ 442 $ — $ 1,228 $ 2,808 $ 346,014 $ 348,822 Loan Portfolio Aging Analysis As of December 31, 2015 30-59 Days 60-89 Days Greater Non Total Past Current Total Loans (In thousands) Commercial $ 141 $ — $ — $ 63 $ 204 $ 67,043 $ 67,247 Commercial real estate 319 — 132 250 701 162,758 163,459 Residential 737 500 — 599 1,836 79,662 81,498 Installment 220 71 — 132 423 17,036 17,459 Total $ 1,417 $ 571 $ 132 $ 1,044 $ 3,164 $ 326,499 $ 329,663
Impaired Loans	Impaired Loans As of June 30, 2016 For the three months ended For the six months ended Recorded Unpaid Specific Average Interest Average Interest (In thousands) Loans without a specific valuation allowance: Commercial $ 1 $ 1 $ — $ 1 $ — $ 1 $ — Commercial real estate 471 471 — 875 9 884 17 Residential — — — — — — — Installment — — — — — — — 472 472 — 876 9 885 17 Loans with a specific valuation allowance: Commercial — — — — — — — Commercial real estate 897 897 278 1,098 6 1,102 17 Residential — — — — — — — Installment — — — — 2 — 2 897 897 278 1,098 8 1,102 19 Total: Commercial $ 1 $ 1 $ — $ 1 $ — $ 1 $ — Commercial real estate $ 1,368 $ 1,368 $ 278 $ 1,973 $ 15 $ 1,986 $ 34 Residential $ — $ — $ — $ — $ — $ — $ — Installment $ — $ — $ — $ — $ 2 $ — $ 2 Impaired Loans As of December 31, 2015 For the three months ended For the six months ended Recorded Unpaid Specific Average Interest Average Interest (In thousands) Loans without a specific valuation allowance: Commercial $ 44 $ 74 $ — $ — $ — $ — $ — Commercial real estate 464 464 — 1,493 17 1,500 26 Residential 80 203 — — — — — Installment — — — — — — — 588 741 — 1,493 17 1,500 26 Loans with a specific valuation allowance: Commercial 13 49 9 100 2 102 4 Commercial real estate 809 961 172 928 3 945 18 Residential — — — — — — — Installment — — — — — — — 822 1,010 181 1,028 5 1,047 22 Total: Commercial $ 57 $ 123 $ 9 $ 100 $ 2 $ 102 $ 4 Commercial real estate $ 1,273 $ 1,425 $ 172 $ 2,421 $ 20 $ 2,445 $ 44 Residential $ 80 $ 203 $ — $ — $ — $ — $ — Installment $ — $ — $ — $ — $ — $ — $ —
Troubled Debt Restructurings on Financing Receivables	In conjunction with the restructuring there were no amounts charged-off. Three Months ended June 30, 2016 Number of Pre- Modification Post-Modification (In thousands) Commercial — $ — $ — Commercial real estate — — — Residential — — — Installment — — — Three Months Ended June 30, 2016 Interest Term Combination Total (In thousands) Commercial $ — $ — $ — $ — Commercial real estate — — — — Residential — — — — Consumer — — — — Six Months ended June 30, 2016 Number of Pre- Modification Post-Modification (In thousands) Commercial — $ — $ — Commercial real estate 2 85 85 Residential — — — Installment — — — Six Months Ended June 30, 2016 Interest Term Combination Total (In thousands) Commercial $ — $ — $ — $ — Commercial real estate — 85 — 85 Residential — — — — Consumer — — — —

Benefit Plans (Tables)

Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2016
Benefit Plans [Abstract]
Pension Expense	Pension expense includes the following: Three months ended Six months ended 2016 2015 2016 2015 (In thousands) Service cost $ 78 $ 85 $ 156 $ 170 Interest cost 50 48 100 96 Expected return on assets (86) (94) (172) (188) Amortization of prior service cost and net loss (2) (12) (4) (24) Pension expense $ 40 $ 27 $ 80 $ 54

Off-balance-sheet Activities (T

Off-balance-sheet Activities (Tables)	6 Months Ended
	Jun. 30, 2016
Off Balance Sheet Activities [Abstract]
Summary of the Notional or Contractual Amounts of Financial Instruments With Off-Balance-Sheet Risk	A summary of the notional or contractual amounts of financial instruments with off-balance-sheet risk at the indicated dates is as follows: June 30, December 31, 2016 2015 (In thousands) Commercial loans unused lines of credit $ 20,292 $ 18,604 Commitment to originate loans 12,248 11,275 Consumer open end lines of credit 36,591 36,410 Standby letters of credit — —

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]
Components of Accumulated Other Comprehensive Loss included in Stockholders Equity	The components of accumulated other comprehensive loss, included in stockholders’ equity, are as follows: June 30, December 31, (In thousands) Net unrealized loss on securities available-for-sale $ (1) $ (14) Net unrealized loss for funded status of defined benefit plan liability (261) (261) (262) (275) Tax effect 89 94 Net-of-tax amount $ (173) $ (181)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements of Assets Recognized in Consolidated Balance Sheets Measured at Fair Value on Recurring Basis	The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2016 and December 31, 2015: Fair Value Measurements Using Fair Value Quoted Prices Significant Significant (In thousands) June 30, 2016 U.S. government agencies $ 29,991 $ — $ 29,991 $ — State and political subdivisions 1,821 — 1,821 — December 31, 2015 U.S. government agencies $ 31,961 $ — $ 31,961 $ — State and political subdivisions 2,662 — 2,662 —
Fair Value Measurements of Assets Recognized in Consolidated Balance Sheets Measured at Fair Value on Nonrecurring Basis	The following table presents the fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2016 and December 31, 2015. Fair Value Measurements Using Fair Quoted Prices Significant Significant (In thousands) June 30, 2016 Collateral dependent impaired loans $ 679 $ — $ — $ 679 December 31, 2015 Collateral dependent impaired loans $ 641 $ — $ — $ 641 Foreclosed assets held for sale 327 — — 327
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. Fair Value at Valuation Unobservable Inputs Range (In thousands) Collateral-dependent impaired loans $ 679 Market comparable properties Marketability discount Not available Fair Value at Valuation Technique Unobservable Inputs Range (In thousands) Collateral-dependent impaired loans $ 641 Market comparable properties Marketability discount Not available Foreclosed assets held for sale $ 327 Market comparable properties Selling costs 10% – 35%
Estimated Fair Values of Company's Financial Instruments	The following table presents estimated fair values of the Company’s financial instruments. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Because no market exists for certain of these financial instruments and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate. Fair Value Measurements Using Carrying Quoted Prices Significant Significant (In thousands) June 30, 2016 Financial assets Cash and cash equivalents $ 9,788 $ 9,788 $ — $ — Loans, net of allowance 346,357 — — 346,446 Federal Home Loan Bank stock 4,210 — 4,210 — Accrued interest receivable 788 — 788 — Financial liabilities Deposits 326,979 — 314,134 — Short term borrowings 10,065 — 10,065 — Federal Home Loan Bank Advances 33,249 — 33,858 — Subordinated debentures 4,124 — 3,238 — Interest payable 99 99 Fair Value Measurements Using Carrying Quoted Prices Significant Significant (In thousands) December 31, 2015 Financial assets Cash and cash equivalents $ 12,701 $ 12,701 $ — $ — Loans, net of allowance 327,226 — — 325,354 Federal Home Loan Bank stock 4,210 — 4,210 — Accrued interest receivable 803 — 803 — Financial liabilities Deposits 323,622 — 307,172 — Short term borrowings 5,691 — 5,691 — Federal Home Loan Bank Advances 26,530 — 27,347 — Subordinated debentures 4,124 — 3,238 — Interest payable 123 — 123 —

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Repurchase Agreements [Abstract]
Schedule of Repurchase Agreements	Remaining Contractual Maturity of the Agreement (In thousands) June 30, 2016 Overnight and Up to 30 Days 30-90 Days Greater than 90 Total Repurchase Agreements U.S. government agencies $ 10,065 $ — $ — $ — $ 10,065 State and political subdivisions — — — — — Total $ 10,065 $ — $ — $ — $ 10,065 December 31, 2015 Overnight and Up to 30 Days 30-90 Days Greater than 90 Total Repurchase Agreements U.S. government agencies $ 1,622 $ — $ — $ — $ 1,622 State and political subdivisions 4,069 — — — 4,069 Total $ 5,691 $ — $ — $ — $ 5,691

Summary of Significant Accoun25

Summary of Significant Accounting Policies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015$ / sharesshares
Summary Of Significant Accounting Policies [Line Items]
Number of stock options not considered in computing diluted earnings per share due to antidilutive nature | shares		53,714
Weighted average price, option exercised | $ / shares		$ 10.34
Number of operating divisions	2
Number of reportable operating segment	1

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Basic
Net income	$ 907	$ 805	$ 1,751	$ 1,499
Dividends on non-vested restricted stock	(14)	(14)	(28)	(28)
Net income allocated to stockholders	$ 893	$ 791	$ 1,723	$ 1,471
Weighted average common shares outstanding	4,901,947	4,854,020	4,887,546	4,854,684
Basic earnings per common share	$ 0.18	$ 0.16	$ 0.35	$ 0.3
Diluted
Net income allocated to stockholders	$ 893	$ 791	$ 1,723	$ 1,471
Weighted average common shares outstanding for basic earnings per common share	4,901,947	4,854,020	4,887,546	4,854,684
Add: Dilutive effects of assumed exercise of stock options and restricted stock	95,054	84,522	95,054	84,522
Average shares and dilutive potential common shares	4,997,001	4,938,542	4,982,600	4,939,206
Diluted earnings per common share	$ 0.18	$ 0.16	$ 0.35	$ 0.3

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Schedule Of Marketable Securities [Line Items]
Fair Value of Investment in debt securities		$ 18,000,000		$ 24,000,000
Percentage of fair value of investment in debt		56.50%		69.20%
Proceeds from sale of available-for-sale securities	$ 13,000	$ 0	$ 383,000
Available-for-sale securities realized gains	11,000		31,000
Available-for-sale securities realized losses	0		0
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	$ 3,000		$ 4,000

Amortized Cost and Approximate

Amortized Cost and Approximate Fair Values, Together with Gross Unrealized Gains and Losses of Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Gain (Loss) on Investments [Line Items]
Available-for-sale Securities, Amortized Cost	$ 31,813	$ 34,637
Available-for-sale Securities, Gross Unrealized Gains	17	36
Available-for-sale Securities, Gross Unrealized Losses	(18)	(50)
Available-for-sale securities, Approximate Fair Value	31,812	34,623
U.S. government agencies
Gain (Loss) on Investments [Line Items]
Available-for-sale Securities, Amortized Cost	30,000	32,000
Available-for-sale Securities, Gross Unrealized Gains	9	11
Available-for-sale Securities, Gross Unrealized Losses	(18)	(50)
Available-for-sale securities, Approximate Fair Value	29,991	31,961
State and political subdivisions
Gain (Loss) on Investments [Line Items]
Available-for-sale Securities, Amortized Cost	1,813	2,637
Available-for-sale Securities, Gross Unrealized Gains	8	25
Available-for-sale Securities, Gross Unrealized Losses	0	0
Available-for-sale securities, Approximate Fair Value	$ 1,821	$ 2,662

Amortized Cost and Fair Value o

Amortized Cost and Fair Value of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Available-for-sale, Amortized Cost
Within one year	$ 250
One to five years	31,563
Totals	31,813	$ 34,637
Available-for-sale, Fair Value
Within one year	251
One to five years	31,561
Totals	$ 31,812	$ 34,623

Gross Unrealized Losses and Fai

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 (Detail) - U.S. government agencies - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Gain (Loss) on Investments [Line Items]
Less than 12 Months, Fair Value	$ 17,981	$ 23,950
Less than 12 Months, Unrealized Losses	(18)	(50)
12 Months or More, Fair Value	0	0
12 Months or More, Unrealized Losses	0	0
Total, Fair Value	17,981	23,950
Total, Unrealized Losses	$ (18)	$ (50)

Loans and Allowance for Loan 31

Loans and Allowance for Loan Losses - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan and lease losses, period increase (decrease)	$ 8,300

Categories of Loan (Detail)

Categories of Loan (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Accounts Notes And Loans Receivable [Line Items]
Commercial real estate	$ 168,517		$ 163,459
Residential real estate	78,307		81,498
Installment loans	15,459		17,459
Total gross loans	348,822		329,663
Less allowance for loan losses	(2,465)	$ (2,375)	(2,437)	$ (2,697)	$ (2,506)	$ (2,400)
Total loans	346,357		327,226
Commercial loans
Accounts Notes And Loans Receivable [Line Items]
Commercial loans	$ 86,539		$ 67,247

Allowance for Loan Losses and R

Allowance for Loan Losses and Recorded Investment in Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Allowance for loan losses:
Balance, beginning of period	$ 2,375	$ 2,506	$ 2,437	$ 2,400
Provision charged to expense	105	145	176	261
Losses charged off	(120)	(40)	(284)	(93)
Recoveries	105	86	136	129
Balance, end of period	2,465	2,697	2,465	2,697
Ending balance: individually evaluated for impairment	278	463	278	463	$ 181
Ending balance: collectively evaluated for impairment	2,187	2,234	2,187	2,234	2,256
Loans:
Ending balance: individually evaluated for impairment	1,369	2,045	1,369	2,045	1,410
Ending balance: collectively evaluated for impairment	348,822	309,877	348,822	309,877	328,253
Commercial
Allowance for loan losses:
Balance, beginning of period	192	238	184	254
Provision charged to expense	231	(11)	238	(46)
Losses charged off	0	0	(2)	0
Recoveries	74	7	77	26
Balance, end of period	497	234	497	234
Ending balance: individually evaluated for impairment	0	86	0	86	9
Ending balance: collectively evaluated for impairment	497	148	497	148	175
Loans:
Ending balance: individually evaluated for impairment	1	98	1	98	57
Ending balance: collectively evaluated for impairment	86,538	57,380	86,538	57,380	67,190
Commercial Real Estate
Allowance for loan losses:
Balance, beginning of period	702	1,119	597	1,116
Provision charged to expense	(278)	(351)	(177)	(352)
Losses charged off	0	0	0	0
Recoveries	3	3	7	7
Balance, end of period	427	771	427	771
Ending balance: individually evaluated for impairment	278	377	278	377	172
Ending balance: collectively evaluated for impairment	149	394	149	394	425
Loans:
Ending balance: individually evaluated for impairment	1,368	1,947	1,368	1,947	1,273
Ending balance: collectively evaluated for impairment	167,149	150,317	167,149	150,317	162,186
Residential
Allowance for loan losses:
Balance, beginning of period	166	171	170	147
Provision charged to expense	(15)	79	72	140
Losses charged off	0	(40)	(91)	(93)
Recoveries	12	66	12	82
Balance, end of period	163	276	163	276
Ending balance: individually evaluated for impairment	0	0	0	0	0
Ending balance: collectively evaluated for impairment	163	276	163	276	170
Loans:
Ending balance: individually evaluated for impairment	0	0	0	0	0
Ending balance: collectively evaluated for impairment	78,307	82,857	78,307	82,857	81,498
Installment
Allowance for loan losses:
Balance, beginning of period	236	91	113	92
Provision charged to expense	9	71	179	66
Losses charged off	(120)	0	(191)	0
Recoveries	16	10	40	14
Balance, end of period	141	172	141	172
Ending balance: individually evaluated for impairment	0	0	0	0	0
Ending balance: collectively evaluated for impairment	141	172	141	172	113
Loans:
Ending balance: individually evaluated for impairment	0	0	0	0	80
Ending balance: collectively evaluated for impairment	15,459	19,323	15,459	19,323	17,379
Unallocated
Allowance for loan losses:
Balance, beginning of period	1,079	887	1,373	791
Provision charged to expense	158	357	(136)	453
Losses charged off	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	1,237	1,244	1,237	1,244
Ending balance: individually evaluated for impairment	0	0	0	0	0
Ending balance: collectively evaluated for impairment	1,237	1,244	1,237	1,244	1,373
Loans:
Ending balance: individually evaluated for impairment	0	0	0	0	0
Ending balance: collectively evaluated for impairment	$ 0	$ 0	$ 0	$ 0	$ 0

Portfolio Quality Indicators (D

Portfolio Quality Indicators (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	$ 168,517	$ 163,459
Residential	78,307	81,498
Installment	15,459	17,459
Total	348,822	329,663
Commercial
Financing Receivable, Recorded Investment [Line Items]
Commercial	86,539	67,247
Pass Grade
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	163,724	158,362
Residential	78,307	81,498
Installment	15,459	17,363
Total	343,926	324,373
Pass Grade | Commercial
Financing Receivable, Recorded Investment [Line Items]
Commercial	86,436	67,150
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	673	996
Residential	0	0
Installment	0	0
Total	775	1,035
Special Mention | Commercial
Financing Receivable, Recorded Investment [Line Items]
Commercial	102	39
Substandard
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	4,120	4,101
Residential	0	0
Installment	0	96
Total	4,121	4,255
Substandard | Commercial
Financing Receivable, Recorded Investment [Line Items]
Commercial	1	58
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Commercial Real Estate	0	0
Residential	0	0
Installment	0	0
Total	0	0
Doubtful | Commercial
Financing Receivable, Recorded Investment [Line Items]
Commercial	$ 0	$ 0

Loan Portfolio Aging Analysis (

Loan Portfolio Aging Analysis (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non Accrual	$ 1,228	$ 1,044
Total Past Due and Non Accrual	2,808	3,164
Current	346,014	326,499
Total Loans Receivable	348,822	329,663
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	1,138	1,417
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	442	571
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	0	132
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non Accrual	2	63
Total Past Due and Non Accrual	135	204
Current	86,404	67,043
Total Loans Receivable	86,539	67,247
Commercial | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	47	141
Commercial | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	86	0
Commercial | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	0	0
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non Accrual	474	250
Total Past Due and Non Accrual	673	701
Current	167,844	162,758
Total Loans Receivable	168,517	163,459
Commercial Real Estate | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	199	319
Commercial Real Estate | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	0	0
Commercial Real Estate | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	0	132
Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non Accrual	707	599
Total Past Due and Non Accrual	1,841	1,836
Current	76,466	79,662
Total Loans Receivable	78,307	81,498
Residential | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	780	737
Residential | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	354	500
Residential | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	0	0
Installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non Accrual	45	132
Total Past Due and Non Accrual	159	423
Current	15,300	17,036
Total Loans Receivable	15,459	17,459
Installment | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	112	220
Installment | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	2	71
Installment | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due and Non Accrual	$ 0	$ 0

Impaired Loans (Detail)

Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Commercial
Financing Receivable, Impaired [Line Items]
Recorded Balance	$ 1		$ 1		$ 57
Unpaid Principal Balance	1		1		123
Specific Allowance	0		0		9
Average Investment in Impaired Loans	1	$ 100	1	$ 102
Interest Income Recognized	0	2	0	4
Commercial real estate
Financing Receivable, Impaired [Line Items]
Recorded Balance	1,368		1,368		1,273
Unpaid Principal Balance	1,368		1,368		1,425
Specific Allowance	278		278		172
Average Investment in Impaired Loans	1,973	2,421	1,986	2,445
Interest Income Recognized	15	20	34	44
Residential
Financing Receivable, Impaired [Line Items]
Recorded Balance	0		0		80
Unpaid Principal Balance	0		0		203
Specific Allowance	0		0		0
Average Investment in Impaired Loans	0	0	0	0
Interest Income Recognized	0	0	0	0
Installment
Financing Receivable, Impaired [Line Items]
Recorded Balance	0		0		0
Unpaid Principal Balance	0		0		0
Specific Allowance	0		0		0
Average Investment in Impaired Loans	0	0	0	0
Interest Income Recognized	2	0	2	0
Loans without a specific valuation allowance
Financing Receivable, Impaired [Line Items]
Recorded Balance	472		472		588
Unpaid Principal Balance	472		472		741
Specific Allowance	0		0		0
Average Investment in Impaired Loans	876	1,493	885	1,500
Interest Income Recognized	9	17	17	26
Loans without a specific valuation allowance | Commercial
Financing Receivable, Impaired [Line Items]
Recorded Balance	1		1		44
Unpaid Principal Balance	1		1		74
Specific Allowance	0		0		0
Average Investment in Impaired Loans	1	0	1	0
Interest Income Recognized	0	0	0	0
Loans without a specific valuation allowance | Commercial real estate
Financing Receivable, Impaired [Line Items]
Recorded Balance	471		471		464
Unpaid Principal Balance	471		471		464
Specific Allowance	0		0		0
Average Investment in Impaired Loans	875	1,493	884	1,500
Interest Income Recognized	9	17	17	26
Loans without a specific valuation allowance | Residential
Financing Receivable, Impaired [Line Items]
Recorded Balance	0		0		80
Unpaid Principal Balance	0		0		203
Specific Allowance	0		0		0
Average Investment in Impaired Loans	0	0	0	0
Interest Income Recognized	0	0	0	0
Loans without a specific valuation allowance | Installment
Financing Receivable, Impaired [Line Items]
Recorded Balance	0		0		0
Unpaid Principal Balance	0		0		0
Specific Allowance	0	0	0	0
Average Investment in Impaired Loans	0	0	0	0
Interest Income Recognized	0	0	0	0
Loans with a specific valuation allowance
Financing Receivable, Impaired [Line Items]
Recorded Balance	897		897		822
Unpaid Principal Balance	897		897		1,010
Specific Allowance	278		278		181
Average Investment in Impaired Loans	1,098	1,028	1,102	1,047
Interest Income Recognized	8	5	19	22
Loans with a specific valuation allowance | Commercial
Financing Receivable, Impaired [Line Items]
Recorded Balance	0		0		13
Unpaid Principal Balance	0		0		49
Specific Allowance	0		0		9
Average Investment in Impaired Loans	0	100	0	102
Interest Income Recognized	0	2	0	4
Loans with a specific valuation allowance | Commercial real estate
Financing Receivable, Impaired [Line Items]
Recorded Balance	897		897		809
Unpaid Principal Balance	897		897		961
Specific Allowance	278		278		172
Average Investment in Impaired Loans	1,098	928	1,102	945
Interest Income Recognized	6	3	17	18
Loans with a specific valuation allowance | Residential
Financing Receivable, Impaired [Line Items]
Recorded Balance	0		0		0
Unpaid Principal Balance	0		0		0
Specific Allowance	0		0		0
Average Investment in Impaired Loans	0	0	0	0
Interest Income Recognized	0	0	0	0
Loans with a specific valuation allowance | Installment
Financing Receivable, Impaired [Line Items]
Recorded Balance	0		0		0
Unpaid Principal Balance	0		0		0
Specific Allowance	0		0		$ 0
Average Investment in Impaired Loans	0	0	0	0
Interest Income Recognized	$ 2	$ 0	$ 2	$ 0

Troubled Debt Restructuring (De

Troubled Debt Restructuring (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)Contracts	Jun. 30, 2016USD ($)Contracts
Commercial
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	0	0
Pre- Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	0	0
Interest Only	0	0
Term	0	0
Combination	0	0
Total Modification	$ 0	$ 0
Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	0	2
Pre- Modification Outstanding Recorded Investment	$ 0	$ 85
Post-Modification Outstanding Recorded Investment	0	85
Interest Only	0	0
Term	0	85
Combination	0	0
Total Modification	$ 0	$ 0
Residential
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	0	0
Pre- Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	0	0
Interest Only	0	0
Term	0	0
Combination	0	0
Total Modification	$ 0	$ 0
Installment
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contracts	0	0
Pre- Modification Outstanding Recorded Investment	$ 0	$ 0
Post-Modification Outstanding Recorded Investment	0	0
Consumer
Financing Receivable, Modifications [Line Items]
Interest Only	0	0
Term	0	0
Combination	0	0
Total Modification	$ 0	$ 0

Pension Expense (Detail)

Pension Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Components of net periodic benefit cost
Service cost	$ 78	$ 85	$ 156	$ 170
Interest cost	50	48	100	96
Expected return on assets	(86)	(94)	(172)	(188)
Amortization of prior service cost and net loss	(2)	(12)	(4)	(24)
Pension expense	$ 40	$ 27	$ 80	$ 54

Notional or Contractual Amounts

Notional or Contractual Amounts of Financial Instruments with Off-Balance-Sheet Risk (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Commercial loans unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Asset	$ 20,292	$ 18,604
Commitment to originate loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Asset	12,248	11,275
Consumer open end lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Asset	36,591	36,410
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Asset	$ 0	$ 0

Components of Accumulated Other

Components of Accumulated Other Comprehensive Loss Included in Stockholders' Equity (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other Comprehensive Income (Loss) [Line Items]
Net unrealized loss on securities available-for-sale	$ (1)	$ (14)
Net unrealized loss for funded status of defined benefit plan liability	(261)	(261)
Accumulated other comprehensive income (Loss), before taxes, total	(262)	(275)
Tax effect	89	94
Net-of-tax amount	$ (173)	$ (181)

Fair Value Measurements of Asse

Fair Value Measurements of Assets Recognized in Consolidated Balance Sheets Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	$ 29,991	$ 31,961
State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	1,821	2,662
Fair Value, Inputs, Level 1 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	0	0
Fair Value, Inputs, Level 1 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	0	0
Fair Value, Inputs, Level 2 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	29,991	31,961
Fair Value, Inputs, Level 2 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	1,821	2,662
Fair Value, Inputs, Level 3 | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	0	0
Fair Value, Inputs, Level 3 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Fair value of asset, recurring basis	$ 0	$ 0

Fair Value Measurements of As42

Fair Value Measurements of Assets Recognized in Consolidated Balance Sheets Measured at Fair Value on Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	$ 679	$ 641
Foreclosed assets held for sale		327
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	0	0
Foreclosed assets held for sale		0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	0	0
Foreclosed assets held for sale		0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	$ 679	641
Foreclosed assets held for sale		$ 327

Quantitative Information About

Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Collateral-dependent impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 679	$ 641
Valuation Technique	Market comparable properties	Market comparable properties
Unobservable Inputs	Marketability discount	Marketability discount
Foreclosed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 327
Valuation Technique		Market comparable properties
Unobservable Inputs		Selling costs
Foreclosed assets held for sale | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range		35.00%
Foreclosed assets held for sale | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range		10.00%

Estimated Fair Values of Compan

Estimated Fair Values of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Financial assets
Cash and cash equivalents	$ 9,788	$ 12,701	$ 25,291	$ 39,164
Loans, net of allowance	346,357	327,226
Federal Home Loan Bank stock	4,210	4,210
Accrued interest receivable	788	803
Financial liabilities
Deposits	326,979	323,622
Short term borrowings	10,065	5,691
Federal Home Loan Bank Advances	33,249	26,530
Subordinated debentures	4,124	4,124
Interest payable	99	123
Fair Value, Inputs, Level 1
Financial assets
Cash and cash equivalents	9,788	12,701
Loans, net of allowance	0	0
Federal Home Loan Bank stock	0	0
Accrued interest receivable	0	0
Financial liabilities
Deposits	0	0
Short term borrowings	0	0
Federal Home Loan Bank Advances	0	0
Subordinated debentures	0	0
Interest payable	0	0
Fair Value, Inputs, Level 2
Financial assets
Cash and cash equivalents	0	0
Loans, net of allowance	0	0
Federal Home Loan Bank stock	4,210	4,210
Accrued interest receivable	788	803
Financial liabilities
Deposits	314,134	307,172
Short term borrowings	10,065	5,691
Federal Home Loan Bank Advances	33,858	27,347
Subordinated debentures	3,238	3,238
Interest payable	99	123
Fair Value, Inputs, Level 3
Financial assets
Cash and cash equivalents	0	0
Loans, net of allowance	346,446	325,354
Federal Home Loan Bank stock	0	0
Accrued interest receivable	0	0
Financial liabilities
Deposits	0	0
Short term borrowings	0	0
Federal Home Loan Bank Advances	0	0
Subordinated debentures	0	0
Interest payable	$ 0	$ 0

Repurchase Agreements - Additio

Repurchase Agreements - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Short-term Debt, Total	$ 10,065	$ 5,691
Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement, Total	$ 12,500	$ 8,500

Repurchase Agreements (Detail)

Repurchase Agreements (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Advances from Federal Home Loan Banks, Total	$ 10,065	$ 5,691
U S Government Agencies Debt Securities [Member]
Advances from Federal Home Loan Banks, Total	10,065	1,622
U S States and Political Subdivisions [Member]
Advances from Federal Home Loan Banks, Total	0	4,069
Maturity Overnight [Member]
Advances from Federal Home Loan Banks, Total	10,065	5,691
Maturity Overnight [Member] | U S Government Agencies Debt Securities [Member]
Advances from Federal Home Loan Banks, Total	10,065	1,622
Maturity Overnight [Member] | U S States and Political Subdivisions [Member]
Advances from Federal Home Loan Banks, Total	0	4,069
Maturity Less than 30 Days [Member]
Advances from Federal Home Loan Banks, Total	0	0
Maturity Less than 30 Days [Member] | U S Government Agencies Debt Securities [Member]
Advances from Federal Home Loan Banks, Total	0	0
Maturity Less than 30 Days [Member] | U S States and Political Subdivisions [Member]
Advances from Federal Home Loan Banks, Total	0	0
Maturity 30 to 90 Days [Member]
Advances from Federal Home Loan Banks, Total	0	0
Maturity 30 to 90 Days [Member] | U S Government Agencies Debt Securities [Member]
Advances from Federal Home Loan Banks, Total	0	0
Maturity 30 to 90 Days [Member] | U S States and Political Subdivisions [Member]
Advances from Federal Home Loan Banks, Total	0	0
Maturity Greater than 90 Days [Member]
Advances from Federal Home Loan Banks, Total	0	0
Maturity Greater than 90 Days [Member] | U S Government Agencies Debt Securities [Member]
Advances from Federal Home Loan Banks, Total	0	0
Maturity Greater than 90 Days [Member] | U S States and Political Subdivisions [Member]
Advances from Federal Home Loan Banks, Total	$ 0	$ 0