SB Financial (SBFG) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 12, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	SB FINANCIAL GROUP, INC.
Entity Central Index Key	767,405
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,917,289

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 18,372	$ 28,197
Securities available for sale, at fair value	95,482	85,240
Other securities - FRB and FHLB Stock	3,748	3,748
Total investment securities	99,230	88,988
Loans held for sale	8,517	5,168
Loans, net of unearned income	540,889	516,336
Allowance for loan losses	(7,076)	(6,771)
Net loans	533,813	509,565
Premises and equipment, net	17,619	13,604
Cash surrender value of life insurance	13,364	13,148
Goodwill	16,353	16,353
Core deposits and other intangibles	120	283
Foreclosed assets held for sale, net	188	285
Mortgage servicing rights	6,798	5,704
Accrued interest receivable	1,817	1,346
Other assets	3,046	1,587
Total assets	719,237	684,228
Deposits
Non interest bearing demand	102,460	97,853
Interest bearing demand	126,816	121,043
Savings	77,809	64,107
Money market	107,538	104,602
Time deposits	158,945	163,301
Total deposits	573,568	550,906
Advances from Federal Home Loan Bank	30,000	30,000
Repurchase agreements	16,911	12,740
Trust preferred securities	10,310	10,310
Accrued interest payable	341	264
Other liabilities	7,782	4,325
Total liabilities	$ 638,912	$ 608,545
Commitments and Contingent Liabilities
Equity
Preferred stock	$ 13,983	$ 13,983
Common stock	12,569	12,569
Additional paid-in capital	15,444	15,461
Retained earnings	38,705	34,379
Accumulated other comprehensive income	1,157	918
Treasury stock	(1,533)	(1,627)
Total equity	80,325	75,683
Total liabilities and equity	$ 719,237	$ 684,228

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Loans
Taxable	$ 6,152	$ 5,855	$ 17,606	$ 16,750
Nontaxable	10	9	25	38
Securities
Taxable	382	279	1,149	898
Nontaxable	173	178	525	532
Total interest income	6,717	6,321	19,305	18,218
Interest expense
Deposits	492	500	1,487	1,501
Repurchase Agreements & Other	5	23	14	38
Federal Home Loan Bank advances	94	94	280	239
Trust preferred securities	53	354	157	1,017
Total interest expense	644	971	1,938	2,795
Net interest income	6,073	5,350	17,367	15,423
Provision for loan losses	100	150	950	300
Net interest income after provision for loan losses	5,973	5,200	16,417	15,123
Noninterest income
Wealth Management Fees	636	670	1,961	1,951
Customer service fees	734	730	2,068	2,005
Gain on sale of mtg. loans & OMSR's	1,687	1,442	4,892	3,225
Mortgage loan servicing fees, net	98	287	642	688
Gain on sale of non-mortgage loans	296	71	872	178
Data service fees	$ 294	$ 337	$ 917	965
Net gain on sales of securities				56
Loss on sale/disposal of assets		$ (15)	$ (20)	(64)
Other income	$ 207	287	659	659
Total non-interest income	3,952	3,809	11,991	9,663
Noninterest expense
Salaries and employee benefits	3,650	3,435	11,062	10,006
Net occupancy expense	481	508	1,464	1,566
Equipment expense	568	616	1,657	1,900
Data processing fees	286	238	796	698
Professional fees	416	435	1,282	1,238
Marketing expense	146	105	437	398
Telephone and communication	96	94	284	313
Postage and delivery expense	198	195	633	586
State, local and other taxes	130	89	387	276
Employee expense	126	122	417	377
Intangible amortization expense	54	55	163	317
Other expenses	475	996	1,506	1,918
Total non-interest expense	6,626	6,888	20,088	19,593
Income before income tax expense	3,299	2,121	8,320	5,193
Income tax expense	1,035	608	2,569	1,455
Net income	2,264	$ 1,513	5,751	$ 3,738
Preferred Stock Dividends	244		712
Net income available to common shareholders	$ 2,020	$ 1,513	$ 5,039	$ 3,738
Common share data:
Basic earnings per common share	$ 0.41	$ 0.31	$ 1.03	$ 0.77
Diluted earnings per common share	$ 0.35	$ 0.31	$ 0.89	$ 0.76
Average common shares outstanding (in thousands):
Basic:	4,884	4,875	4,882	4,873
Diluted:	6,390	4,900	6,422	4,896

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statements of Comprehensive Income [Abstract]
Net income	$ 2,264	$ 1,513	$ 5,751	$ 3,738
Available-for-sale investment securities:
Gross unrealized holding gain (loss) arising in the period	617	(117)	362	1,203
Related tax (expense) benefit	$ (210)	$ 40	$ (123)	(409)
Less: Reclassification for loss realized in income				(56)
Related tax benefit				19
Net effect on other comprehensive income (loss)	$ 407	$ (77)	$ 239	757
Total comprehensive income	$ 2,671	$ 1,436	$ 5,990	$ 4,495

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning Balance at Dec. 31, 2013	$ 56,269		$ 12,569	$ 15,412	$ 29,899	$ 74	$ (1,685)
Net income	3,738				$ 3,738
Other comprehensive income	757					$ 757
Dividends on common stk., $0.145 and $0.115 per share	$ (562)				$ (562)
Dividends on preferred stk., $0.475 per share
Restricted stock vesting	$ 33						$ 33
Exercise of stock options	(16)			$ (41)			$ 25
Share based compensation expense	47			47
Balance at Sep. 30, 2014	60,266		$ 12,569	15,418	$ 33,075	$ 831	$ (1,627)
Beginning Balance at Dec. 31, 2014	75,683	$ 13,983	$ 12,569	$ 15,461	34,379	$ 918	$ (1,627)
Net income	5,751				$ 5,751
Other comprehensive income	239					$ 239
Dividends on common stk., $0.145 and $0.115 per share	(713)				$ (713)
Dividends on preferred stk., $0.475 per share	$ (712)				$ (712)
Restricted stock vesting				$ (69)			$ 69
Exercise of stock options	$ 18			$ (9)			27
Stock buyback	(2)						$ (2)
Share based compensation expense	61			$ 61
Balance at Sep. 30, 2015	$ 80,325	$ 13,983	$ 12,569	$ 15,444	$ 38,705	$ 1,157	$ (1,533)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Dividend common stock, per share amount	$ 0.145	$ 0.115
Dividend preferred stock, per share amount	$ 0.475

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating Activities
Net Income	$ 5,751	$ 3,738
Items (using)/providing cash
Depreciation and amortization	795	859
Provision for loan losses	950	300
Expense of share-based compensation plan	61	47
Amortization of premiums and discounts on securities	744	721
Amortization of intangible assets	163	317
Amortization of originated mortgage servicing rights	725	439
Recapture of originated mortgage servicing rights impairment	(269)	(62)
Impairment of mortgage servicing rights	218	101
Proceeds from sale of loans held for sale	224,090	171,993
Originations of loans held for sale	(216,963)	(167,667)
Gain from sale of loans	(5,764)	(3,403)
Loss on sale of assets	20	64
Changes in
Interest receivable	(471)	(572)
Other assets	(8,276)	(5,638)
Interest payable and other liabilities	3,535	(624)
Net cash provided by operating activities	5,309	613
Investing Activities
Purchases of available-for-sale securities	(25,456)	(9,685)
Proceeds from maturities of available-for-sale securities	$ 14,830	14,457
Proceeds from sales of available-for-sale-securities		4,298
Net change in loans	$ (25,233)	(29,457)
Purchase of premises and equipment and software	(4,846)	(1,505)
Proceeds from sales or disposal of premises and equipment	36	(13)
Proceeds from sale of foreclosed assets	110	236
Net cash used in investing activities	(40,559)	(21,669)
Financing Activities
Net increase in demand deposits, money market, interest checking and savings accounts	27,018	25,667
Net decrease in certificates of deposit	(4,356)	(8,640)
Net increase in securities sold under agreements to repurchase	4,171	3,206
Repayment of Federal Home Loan Bank advances	(4,000)	(2,000)
Proceeds from Federal Home Loan Bank advances	4,000	16,000
Net proceeds from share based compensation plans	18	$ 17
Repurchase of Common Stock	(2)
Dividends on Common Stock	(713)	$ (562)
Dividends on Preferred Stock	$ (712)
Repayment of trust preferred securities		$ (10,310)
Proceeds from long-term note		7,000
Repayment of notes payable		(589)
Net cash provided by financing activities	$ 25,425	29,789
(Decrease) Increase in Cash and Cash Equivalents	(9,825)	8,733
Cash and Cash Equivalents, Beginning of Year	28,197	13,137
Cash and Cash Equivalents, End of Period	18,372	21,870
Supplemental Cash Flows Information
Interest paid	1,861	3,079
Income taxes paid	1,650	1,040
Transfer of loans to foreclosed assets	$ 35	$ 285

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE 1—BASIS OF PRESENTATION SB Financial Group, Inc., an Ohio corporation (the “Company”), is a bank holding company whose principal activity is the ownership and management of its wholly-owned subsidiaries, The State Bank and Trust Company (“State Bank”), RFCBC, Inc. (“RFCBC”), Rurbanc Data Services, Inc. dba RDSI Banking Systems (“RDSI”), and Rurban Statutory Trust II (“RST II”). In addition, State Bank owns all of the outstanding stock of Rurban Mortgage Company (“RMC”) and State Bank Insurance, LLC (“SBI”). The consolidated financial statements include the accounts of the Company, State Bank, RFCBC, RDSI, RMC, and SBI. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The financial statements reflect all adjustments that are, in the opinion of management, necessary to fairly present the financial position, results of operations and cash flows of the Company. Those adjustments consist only of normal recurring adjustments. Results of operations for the nine months ended September 30, 2015, are not necessarily indicative of results for the complete year. The condensed consolidated balance sheet of the Company as of December 31, 2014 has been derived from the audited consolidated balance sheet of the Company as of that date. For further information, refer to the consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The following paragraphs summarize the impact of new accounting pronouncements: Accounting Standards Update (ASU) No. 2015-16: Business Combinations (Topic 805) This ASU requires an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Further, an entity must present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings that would have been recorded previously if the provisional amounts had been recorded as of acquisition date. The amendments in this ASU are effective for reporting periods beginning after December 15, 2015, and management does not believe this ASU will have a material impact on the Company’s consolidated financial statements ASU No. 2015-15: Interest – Imputation of Interest (Subtopic 835-30) This ASU requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. The amendments in this ASU are effective for reporting periods beginning after December 15, 2015, and management does not believe this ASU will have a material impact on the Company’s consolidated financial statements. ASU No. 2015-05: Intangibles – Goodwill and Other (Subtopic 310-40, Software) This ASU provides guidance for the customer’s accounting treatment for fees paid in a cloud computing arrangement. Existing GAAP does not include explicit guidance regarding this topic. Specifically the ASU indicates how to handle cloud computing arrangements when a software license does and does not exist as part of the arrangement. The amendments in this ASU are effective for reporting periods beginning after December 15, 2015, and management does not believe this ASU will have a material impact on the Company’s consolidated financial statements. ASU No. 2015-03 (Sub Topic 835-30): Interest – Simplifying the Presentation of Debt Issuance Costs This ASU simplifies the presentation of debt issuance costs, with the amendments in this ASU requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The amendments in this ASU are effective for reporting periods beginning after December 15, 2015, and management does not believe this update will have a material impact on the Company’s consolidated financial statements. ASU No. 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract is more Akin to Debt or to Equity. This ASU provides guidance for an entity when hybrid financial instruments are issued in the form of a share. The entity should determine the nature of the host contract by considering the economic characteristics and risks of the entire financial instrument. The determination of these host characteristics may meet the definition of a derivative financial instrument. Management does not believe the amendments in this ASU will have a material impact on the Company’s consolidated financial statements. ASU No. 2014-12 (Topic 718): Compensation – Stock Compensation This ASU provides guidance for the accounting treatment of share-based payments when the terms provide that a performance target could be achieved after the service period. The treatment requires that the target achievement after the service period be treated as a performance condition. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. Management does not believe this ASU will have a material impact on the Company’s consolidated financial statements.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 2—EARNINGS PER SHARE Earnings per share (EPS) have been computed based on the weighted average number of common shares outstanding during the periods presented. For the period ended September 30, 2015, share-based awards totaling 50,424 common shares were not considered in computing diluted EPS as they were anti-dilutive. For the period ended September 30, 2014, share-based awards totaling 66,570 common shares were not considered in computing diluted EPS as they were anti-dilutive. Included in the diluted EPS for September 30, 2015 are the impact of the full conversion of the Company’s depository shares issued in December of 2014. Based upon the current conversion ratio, the 1,500,000 outstanding depository shares are convertible into an aggregate of 1,450,677 common shares. The average number of common shares used in the computation of basic and diluted earnings per share were: Three Months Ended Nine Months Ended (shares in thousands) Sep. 30, Sep. 30, Sep. 30 Sep. 30 2015 2014 2015 2014 Basic earnings per share 4,884 4,875 4,882 4,873 Diluted earnings per share 6,390 4,900 6,422 4,896

Securities

Securities	9 Months Ended
	Sep. 30, 2015
Securities [Abstract]
SECURITIES	NOTE 3 - SECURITIES The amortized cost and appropriate fair values, together with gross unrealized gains and losses, of securities at September 30, 2015 and December 31, 2014 were as follows: Gross Gross ($ in thousands) Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available-for-Sale Securities: September 30, 2015 U.S. Treasury and Government agencies $ 11,150 $ 157 $ - $ 11,307 Mortgage-backed securities 65,003 773 (135 ) 65,641 State and political subdivisions 17,554 957 - 18,511 Equity securities 23 - - 23 $ 93,730 $ 1,887 $ (135 ) $ 95,482 Gross Gross ($ in thousands) Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available-for-Sale Securities: December 31, 2014: U.S. Treasury and Government agencies $ 15,187 $ 124 $ (4 ) $ 15,307 Mortgage-backed securities 50,563 462 (285 ) 50,740 State and political subdivisions 18,075 1,095 - 19,170 Equity securities 23 - - 23 $ 83,848 $ 1,681 $ (289 ) $ 85,240 The amortized cost and fair value of securities available for sale at September 30, 2015, 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) Cost Value Within one year $ 1,130 $ 1,142 Due after one year through five years 2,182 2,280 Due after five years through ten years 5,199 5,429 Due after ten years 20,193 20,967 28,704 29,818 Mortgage-backed securities & equity securities 65,026 65,664 Totals $ 93,730 $ 95,482 The fair value of securities pledged as collateral, to secure public deposits and for other purposes, was $74.2 million at September 30, 2015 and $44.5 million at December 31, 2014. The fair value of securities delivered for repurchase agreements was $18.7 million at September 30, 2015 and $16.5 million at December 31, 2014. There were no realized gains and losses from sales of available-for-sale securities for the nine months ended September 30, 2015. For the nine- month period ending September 30, 2014, there were gross gains of $0.06 million resulting from sales of available-for-sale securities, which is a reclassification from accumulated other comprehensive income (OCI) and is included in the net gain on sales of securities. The related $0.02 million in tax expense is a reclassification from OCI and is included in the income tax expense line item in the income statement. 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 were $17.4 million at September 30, 2015, and $29.0 million at December 31, 2014, which amounted to approximately 18 and 35 percent, respectively, of the Company’s available-for-sale investment portfolio at such dates. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. Should the impairment of any of these securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. Securities with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2015 and December 31, 2014 are as follows: ($ in thousands) Less than 12 Months 12 Months or Longer Total September 30, 2015 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Available-for-Sale Securities: Mortgage-backed securities $ 11,740 $ (54 ) $ 5,683 $ (81 ) $ 17,423 $ (135 ) $ 11,740 $ (54 ) $ 5,683 $ (81 ) $ 17,423 $ (135 ) ($ in thousands) Less than 12 Months 12 Months or Longer Total December 31, 2014 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Available-for-Sale Securities: U.S. Treasury and Government agencies $ 1,387 $ (4 ) $ - $ - $ 1,387 $ (4 ) Mortgage-backed securities 20,491 (73 ) 7,073 (212 ) 27,564 (285 ) $ 21,878 $ (77 ) $ 7,073 $ (212 ) $ 28,951 $ (289 ) The total potential unrealized loss as of September 30, 2015 in the securities portfolio was $0.14 million, which was down from the $0.29 million unrealized loss at December 31, 2014. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concern warrants such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent of the Company to not sell the investment and whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost. Management determined that there was no other-than-temporary-impairment on these securities as of September 30, 2015.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	NOTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES 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 any charge-offs, the allowance for loan losses, any deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. Interest income is reported on the interest method and includes amortization of net deferred loan fees and costs over the loan term. Generally, all loan classes are placed on non-accrual status not later than 90 days past due, unless the loan is well-secured and in the process of collection. All interest accrued, but not collected, for loans that are placed on non-accrual or charged-off is 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. 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 non-collectability of a loan balance is probable. 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 new 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-classified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected on the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that State Bank 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. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration each of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial, agricultural, and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. When State Bank moves a loan to non-accrual status, total unpaid interest accrued to date is reversed from income. Subsequent payments are applied to the outstanding principal balance with the interest portion of the payment recorded on the balance sheet as a contra-loan. Interest received on impaired loans may be realized once all contractual principal amounts are received or when a borrower establishes a history of six consecutive timely principal and interest payments. It is at the discretion of management to determine when a loan is placed back on accrual status upon receipt of six consecutive timely payments. Large groups of smaller balance homogenous loans are collectively evaluated for impairment. Accordingly, State Bank 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. Categories of loans at September 30, 2015 and December 31, 2014 include: ($ in thousands) Total Loans Non-Accrual Loans Sep. 2015 Dec. 2014 Sep. 2015 Dec. 2014 Commercial & Industrial $ 83,699 $ 88,485 453 1,387 Commercial RE & Construction 231,249 217,030 5,393 2,092 Agricultural & Farmland 46,102 46,217 - - Residential Real Estate 126,840 113,214 795 992 Consumer & Other 52,957 51,546 101 138 Total Loans $ 540,847 $ 516,492 $ 6,742 $ 4,609 Unearned Income $ 42 $ (156 ) Total Loans, net of unearned income $ 540,889 $ 516,336 Allowance for loan losses $ (7,076 ) $ (6,771 ) The following tables present the activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of September 30, 2015, December 31, 2014 and September 30, 2014. Commercial Commercial RE Agricultural Residential Consumer ($'s in thousands) & Industrial & Construction & Farmland Real Estate & Other Total ALLOWANCE FOR LOAN AND LEASE LOSSES For the Three Months Ended September 30, 2015 Beginning balance $ 1,488 $ 3,066 $ 261 $ 1,410 $ 781 $ 7,006 Charge Offs - (53 ) - (4 ) (1 ) $ (58 ) Recoveries 1 - 1 23 4 29 Provision (621 ) 997 (40 ) (154 ) (82 ) 100 Ending Balance $ 868 $ 4,010 $ 222 $ 1,275 $ 702 $ 7,076 ALLOWANCE FOR LOAN AND LEASE LOSSES For the Nine Months Ended September 30, 2015 Beginning balance $ 1,630 $ 2,857 $ 208 $ 1,308 $ 768 $ 6,771 Charge Offs (309 ) (303 ) - (65 ) (34 ) $ (711 ) Recoveries 22 3 3 28 10 66 Provision (475 ) 1,453 11 4 (43 ) 950 Ending Balance $ 868 $ 4,010 $ 222 $ 1,275 $ 702 $ 7,076 Loans Receivable at September 30, 2015 Allowance: Ending balance: individually evaluated for impairment $ 19 $ 1,920 $ - $ 170 $ 38 $ 2,147 Ending balance: collectively evaluated for impairment $ 849 $ 2,090 $ 222 $ 1,105 $ 664 $ 4,929 Loans: Ending balance: individually evaluated for impairment $ 335 $ 5,653 $ - $ 1,698 $ 451 $ 8,137 Ending balance: collectively evaluated for impairment $ 83,364 $ 225,596 $ 46,102 $ 125,142 $ 52,506 $ 532,710 Commercial Commercial RE Agricultural Residential Consumer ($'s in thousands) & Industrial & Construction & Farmland Real Estate & Other Total Loans Receivable at December 31, 2014 Allowance: Ending balance: individually evaluated for impairment $ 510 $ 1,018 $ - $ 242 $ 41 $ 1,811 Ending balance: collectively evaluated for impairment $ 1,120 $ 1,839 $ 208 $ 1,066 $ 727 $ 4,960 Loans: Ending balance: individually evaluated for impairment $ 1,268 $ 2,035 $ - $ 1,647 $ 481 $ 5,431 Ending balance: collectively evaluated for impairment $ 87,217 $ 214,995 $ 46,217 $ 111,567 $ 51,065 $ 511,061 For the Three Months Ended September 30, 2014 Commercial Commercial RE Agricultural Residential Consumer ($'s in thousands) & Industrial & Construction & Farmland Real Estate & Other Total ALLOWANCE FOR LOAN AND LEASE LOSSES Beginning balance $ 1,660 $ 2,657 $ 194 $ 1,266 $ 791 $ 6,568 Charge Offs - (12 ) - (18 ) (63 ) $ (93 ) Recoveries 6 64 1 14 3 88 Provision 120 (114 ) 21 46 77 150 Ending Balance $ 1,786 $ 2,595 $ 216 $ 1,308 $ 808 $ 6,713 For the Nine Months Ended September 30, 2014 Commercial Commercial RE Agricultural Residential Consumer ($'s in thousands) & Industrial & Construction & Farmland Real Estate & Other Total ALLOWANCE FOR LOAN AND LEASE LOSSES Beginning balance $ 2,175 $ 2,708 $ 159 $ 1,067 $ 855 $ 6,964 Charge Offs (607 ) (13 ) - (33 ) (93 ) $ (746 ) Recoveries 18 124 2 28 23 195 Provision 200 (224 ) 55 246 23 300 Ending Balance $ 1,786 $ 2,595 $ 216 $ 1,308 $ 808 $ 6,713 The risk characteristics of each loan portfolio segment are as follows: Commercial and Agricultural Commercial and agricultural 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 including Construction 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 non-owner-occupied loans. Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews and financial analysis of the developers and property owners. Construction loans are generally based on estimates of costs and value associated with the completed project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. Residential and Consumer Residential and consumer loans consist of two segments – residential mortgage loans and personal loans. Residential mortgage loans are secured by 1-4 family residences and are generally owner-occupied, and 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. Risk is mitigated by the fact that these loans are of smaller individual amounts and spread over a large number of borrowers. The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of September 30, 2015 and December 31, 2014. September 30, 2015 Commercial Commercial RE Agricultural Residential Consumer Loan Grade & Industrial & Construction & Farmland Real Estate & Other Total ($ in thousands) 1-2 $ 810 $ 57 $ 54 $ - $ 4 $ 925 3 23,582 70,043 8,408 115,958 49,542 267,533 4 58,506 149,117 37,640 8,453 3,153 256,869 Total Pass (1 - 4) 82,898 219,217 46,102 124,411 52,699 525,327 Special Mention (5) 312 6,480 - 1,168 78 8,038 Substandard (6) 43 113 - 477 79 712 Doubtful (7) 446 5,439 - 784 101 6,770 Loss (8) - - - - - - Total Loans $ 83,699 $ 231,249 $ 46,102 $ 126,840 $ 52,957 $ 540,847 December 31, 2014 Commercial Commercial RE Agricultural Residential Consumer Loan Grade & Industrial & Construction & Farmland Real Estate & Other Total ($ in thousands) 1-2 $ 1,148 $ 66 $ 61 $ - $ - $ 1,275 3 23,580 67,779 9,505 105,149 47,795 253,808 4 61,691 136,427 36,651 5,611 3,465 243,845 Total Pass (1 - 4) 86,419 204,272 46,217 110,760 51,260 498,928 Special Mention (5) 83 6,224 - 1,160 84 7,551 Substandard (6) 752 4,422 - 312 55 5,541 Doubtful (7) 1,231 2,112 - 982 147 4,472 Loss (8) - - - - - - Total Loans $ 88,485 $ 217,030 $ 46,217 $ 113,214 $ 51,546 $ 516,492 The Company evaluates the loan risk grading system definitions and allowance for loan loss methodology on an ongoing basis. Credit Risk Profile The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with an outstanding balance greater than $100 thousand and non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk ratings: Pass (grades 1 – 4): Special Mention (5): Substandard (6): Doubtful (7): Loss (8): The following tables present the Company’s loan portfolio aging analysis as of September 30, 2015 and December 31, 2014. 30-59 Days 60-89 Days Greater Than Total Past Total Loans September 30, 2015 Past Due Past Due 90 Days Due Current Receivable ($ in thousands) Commercial & Industrial $ - $ - $ 453 $ 453 $ 83,246 $ 83,699 Commercial RE & Construction - 3,616 1,788 5,404 225,845 231,249 Agricultural & Farmland - - - - 46,102 46,102 Residential Real Estate 101 64 315 480 126,360 126,840 Consumer & Other 58 81 - 139 52,818 52,957 Total Loans $ 159 $ 3,761 $ 2,556 $ 6,476 $ 534,371 $ 540,847 30-59 Days 60-89 Days Greater Than Total Past Total Loans December 31, 2014 Past Due Past Due 90 Days Due Current Receivable ($ in thousands) Commercial & Industrial $ - $ - $ 987 $ 987 $ 87,498 $ 88,485 Commercial RE & Construction 3,660 - 1,747 5,407 211,623 217,030 Agricultural & Farmland - - - - 46,217 46,217 Residential Real Estate 164 19 377 560 112,654 113,214 Consumer & Other 39 81 - 120 51,426 51,546 Total Loans $ 3,863 $ 100 $ 3,111 $ 7,074 $ 509,418 $ 516,492 All loans past due 90 days are systematically placed on nonaccrual status. 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 State Bank 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 (TDR’s) 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. The following tables present impaired loan information as of and for the nine months ended September 30, 2015 and 2014, and for the twelve months ended December 31, 2014: Nine Months Ended Unpaid Average Interest September 30, 2015 Recorded Principal Related Recorded Income ($'s in thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial & Industrial $ 316 $ 316 $ - $ 316 $ - Commercial RE & Construction 704 704 - 830 25 Agricultural & Farmland - - - - - Residential Real Estate 673 716 - 865 38 Consumer & Other 114 114 - 129 7 All Impaired Loans < $100,000 344 344 - 344 - With a specific allowance recorded: Commercial & Industrial 19 919 19 1,128 - Commercial RE & Construction 4,949 5,199 1,920 2,022 13 Agricultural & Farmland - - - - - Residential Real Estate 1,025 1,025 170 1,088 33 Consumer & Other 337 337 38 367 17 Totals: Commercial & Industrial $ 335 $ 1,235 $ 19 $ 1,444 $ - Commercial RE & Construction $ 5,653 $ 5,903 $ 1,920 $ 2,852 $ 38 Agricultural & Farmland $ - $ - $ - $ - $ - Residential Real Estate $ 1,698 $ 1,741 $ 170 $ 1,953 $ 71 Consumer & Other $ 451 $ 451 $ 38 $ 496 $ 24 All Impaired Loans < $100,000 $ 344 $ 344 $ - $ 344 $ - Three Months Ended Average Recorded Interest Income September 30, 2015 Investment Recognized With no related allowance recorded: Commercial & Industrial $ 316 $ - Commercial RE & Construction 797 6 Agricultural & Farmland - - Residential Real Estate 859 8 Consumer & Other 125 3 All Impaired Loans < $100,000 344 - With a specific allowance recorded: Commercial & Industrial 1,080 - Commercial RE & Construction 1,954 3 Agricultural & Farmland - - Residential Real Estate 1,080 10 Consumer & Other 362 5 Totals: Commercial & Industrial $ 1,396 $ - Commercial RE & Construction $ 2,751 $ 9 Agricultural & Farmland $ - $ - Residential Real Estate $ 1,939 $ 18 Consumer & Other $ 487 $ 8 All Impaired Loans < $100,000 $ 344 $ - Twelve Months Ended Unpaid December 31, 2014 Recorded Principal Related ($'s in thousands) Investment Balance Allowance With no related allowance recorded: Commercial & Industrial $ 316 $ 316 $ - Commercial RE & Construction 530 530 - Agricultural & Farmland - - - Residential Real Estate 567 611 - Consumer & Other 110 110 - All Impaired Loans < $100,000 565 565 - With a specific allowance recorded: Commercial & Industrial 952 1,552 510 Commercial RE & Construction 1,505 1,505 1,018 Agricultural & Farmland - - - Residential Real Estate 1,080 1,080 242 Consumer & Other 371 371 41 Totals: Commercial & Industrial $ 1,268 $ 1,868 $ 510 Commercial RE & Construction $ 2,035 $ 2,035 $ 1,018 Agricultural & Farmland $ - $ - $ - Residential Real Estate $ 1,647 $ 1,691 $ 242 Consumer & Other $ 481 $ 481 $ 41 All Impaired Loans < $100,000 $ 565 $ 565 $ - Nine Months Ended Sep. 30, 2014 Three Months Ended Sep. 30, 2014 Average Recorded Interest Income Average Recorded Interest Income Investment Recognized Investment Recognized Commercial & Industrial $ 316 $ - $ 316 $ - Commercial RE & Construction 578 - 566 - Agricultural & Farmland - - - - Residential Real Estate 813 41 808 14 Consumer & Other 120 8 115 3 All Impaired Loans < $100,000 660 - 660 - Commercial & Industrial 1,622 - 1,578 - Commercial RE & Construction 185 8 182 2 Agricultural & Farmland - - - - Residential Real Estate 1,026 29 1,020 8 Consumer & Other 452 18 446 6 Commercial & Industrial $ 1,938 $ - $ 1,894 $ - Commercial RE & Construction $ 763 $ 8 $ 748 $ 2 Agricultural & Farmland $ - $ - $ - $ - Residential Real Estate $ 1,839 $ 70 $ 1,828 $ 22 Consumer & Other $ 572 $ 26 $ 561 $ 9 All Impaired Loans < $100,000 $ 660 $ - $ 660 $ - Impaired loans less than $100,000 are included in groups of homogenous loans. These loans are evaluated based on delinquency status. Interest income recognized on a cash basis does not materially differ from interest income recognized on an accrual basis. Troubled Debt Restructured (TDR) Loans TDRs are modified loans where a concession was provided to a borrower experiencing financial difficulties. Loan modifications are considered TDRs when the concessions provided are not available to the borrower through either normal channels or other sources. However, not all loan modifications are TDRs. TDR Concession Types The Company’s standards relating to loan modifications consider, among other factors, minimum verified income requirements, cash flow analysis, and collateral valuations. Each potential loan modification is reviewed individually and the terms of the loan are modified to meet a borrower’s specific circumstances at a point in time. All loan modifications, including those classified as TDRs, are reviewed and approved. The types of concessions provided to borrowers include: ● Interest rate reduction: A reduction of the stated interest rate to a nonmarket rate for the remaining original life of the loan. The Company also may grant interest rate concessions for a limited timeframe on a case by case basis. ● Amortization or maturity date change: A change in the amortization or maturity date beyond what the collateral supports, including a concession that does any of the following: (1) Lengthens the amortization period of the amortized principal beyond market terms. This concession reduces the minimum monthly payment and increases the amount of the balloon payment at the end of the term of the loan. Principal is generally not forgiven. (2) Reduces the amount of loan principal to be amortized. This concession also reduces the minimum monthly payment and increases the amount of the balloon payment at the end of the term of the loan. Principal is generally not forgiven. (3) Extends the maturity date or dates of the debt beyond what the collateral supports. This concession generally applies to loans without a balloon payment at the end of the term of the loan. In addition, there may be instances where renewing loans potentially require non-market terms and would then be reclassified as TDRs. ● Other: A concession that is not categorized as one of the concessions described above. These concessions include, but are not limited to: principal forgiveness, collateral concessions, covenant concessions, and reduction of accrued interest. Principal forgiveness may result from any TDR modification of any concession type. The following presents the activity of TDRs during the three and nine months ended September 30, 2015 and 2014. Three Months Ended Sep. 30, 2015 ($ in thousands) Number of Loans Pre-Modification Recorded Balance Post Modification Recorded Balance Residential Real Estate - $ - $ - Consumer & Other - - - Total Modifications - $ - $ - ($ in thousands) Interest Total Only Term Combination Modification Residential Real Estate $ - $ - $ - $ - Consumer & Other - - - - Total Modifications $ - $ - $ - $ - There was no increase in the allowance for loan and lease losses ("ALLL") due to TDR's in the three month period ended September 30, 2015. Nine Months Ended June 30, 2015 ($ in thousands) Number of Loans Pre-Modification Recorded Balance Post Modification Recorded Balance Residential Real Estate 1 $ 24 $ 24 Consumer & Other - - Total Modifications 1 $ 24 $ 24 ($ in thousands) Interest Total Only Term Combination Modification Residential Real Estate $ - $ 24 $ - $ 24 Consumer & Other - - - Total Modifications $ - $ 24 $ - $ 24 The loans described above increased the allowance for loan and lease losses ("ALLL") by $0.00 million in the nine month period ended September 30, 2015. Three Months Ended Sep. 30, 2014 ($ in thousands) Number of Loans Pre-Modification Recorded Balance Post Modification Recorded Balance Residential Real Estate - $ - $ - Consumer & Other - - - Total Modifications - $ - $ - ($ in thousands) Interest Total Only Term Combination Modification Residential Real Estate $ - $ - $ - $ - Consumer & Other - - - - Total Modifications $ - $ - $ - $ - There was no increase in the allowance for loan and lease losses ("ALLL") due to TDR's in the three month period ended September 30, 2014. Nine Months Ended Sep. 30, 2014 ($ in thousands) Number of Loans Pre-Modification Recorded Balance Post Modification Recorded Balance Residential Real Estate - $ - $ - Consumer & Other - - - Total Modifications - $ - $ - ($ in thousands) Interest Total Only Term Combination Modification Residential Real Estate $ - $ - $ - $ - Consumer & Other - - - - Total Modifications $ - $ - $ - $ - There was no increase in the allowance for loan and lease losses ("ALLL") due to TDR's in the nine month period ended September 30, 2014. There were no TDR’s modified during the previous twelve months that have subsequently defaulted as of September 30, 2015. Number of Recorded ($ in thousands) Contracts Balance Residential Real Estate 4 $ 67 4 67

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
Derivative Financial Instruments [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 5 – DERIVATIVE FINANCIAL INSTRUMENTS Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company manages its exposures to a wide variety of business and operational risks primarily through management of its core business activities. The Company manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of its assets and liabilities and through the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing and duration of the Company’s known or expected cash payments principally related to certain variable-rate assets. Non-designated Hedges The Company does not use derivatives for trading or speculative purposes. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain customers. The Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously offset by interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. As of September 30, 2015 and December 31, 2014, the notional amount of customer-facing swaps was approximately $17.2 million and $12.6 million, respectively. The same amounts were offset with third party counterparties, as described above. The Company has minimum collateral posting thresholds with its derivative counterparties. As of September 30, 2015 and December 31, 2014, the Company had posted cash as collateral in the amount of $0.7 million and $0.4 million, respectively. Fair Values of Derivative Instruments on the Balance Sheet The table below presents the fair value of the Company’s derivative financial instruments, as well as their classification on the Balance Sheet, as of September 30, 2015 and December 31, 2014. Asset Derivatives Liability Derivatives ($ in thousands) September 30, 2015 September 30, 2015 Balance Sheet Fair Balance Sheet Fair Location Value Location Value Derivatives not designated as hedging instruments: Interest rate contracts Other Assets $ 651 Other Liabilities $ 651 ($ in thousands) December 31, 2014 December 31, 2014 Balance Sheet Fair Balance Sheet Fair Location Value Location Value Derivatives not designated as hedging instruments: Interest rate contracts Other Assets $ 273 Other Liabilities $ 273 Effect of Derivative Instruments on the Income Statement The Company’s derivative financial instruments had no net effect on the Income Statements for the nine months ended September 30, 2015 and 2014.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2015
Fair Value of Assets and Liabilities [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	NOTE 6 – FAIR VALUE OF ASSETS AND LIABILITIES Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of 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 and inputs used for assets measured at fair value on a recurring basis, recognized in the accompanying balance sheets, as well as the general classifications of such assets pursuant to the valuation hierarchy. Available-for-Sale Securities The fair values of available-for-sale securities are determined by various valuation methodologies. Level 1 securities include money market mutual funds. Level 1 inputs include quoted prices in an active market. Level 2 securities include U.S. treasury and government agencies, mortgage-backed securities, obligations of political and state subdivisions and equity securities. Level 2 inputs do not include quoted prices for individual securities in active markets; however, they do include inputs that are either directly or indirectly observable for the individual security being valued. Such observable inputs include interest rates and yield curves at commonly quoted intervals, volatilities, prepayment speeds, credit risks and default rates. Also included are inputs derived principally from or corroborated by observable market data by correlation or other means. Interest Rate Contracts The fair values of interest rate contracts are based upon the estimated amount the Company would receive or pay to terminate the contracts or agreements, taking into account underlying interest rates, creditworthiness of underlying customers for credit derivatives and, when appropriate, the creditworthiness of the counterparties. The following table presents the fair value measurements of assets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2015 and December 31, 2014. Fair Value Measurements Using: ($ in thousands) Available-for-Sale Securities: Fair Values at 9/30/2015 (Level 1) (Level 2) (Level 3) U.S. Treasury and Government Agencies $ 11,307 $ - $ 11,307 $ - Mortgage-backed securities 65,641 - 65,641 - State and political subdivisions 18,511 - 18,511 - Equity securities 23 - 23 - Interest rate contracts - assets 651 - 651 - Interest rate contracts - liabilities (651 ) - (651 ) - Fair Value Measurements Using: ($ in thousands) Available-for-Sale Securities: Fair Values at 12/31/2014 (Level 1) (Level 2) (Level 3) U.S. Treasury and Government Agencies $ 15,307 $ - $ 15,307 $ - Mortgage-backed securities 50,740 - 50,740 - State and political subdivisions 19,170 - 19,170 - Equity securities 23 - 23 - Interest rate contracts - assets 273 - 273 - Interest rate contracts - liabilities (273 ) - (273 ) - Level 1 – Quoted Prices in Active Markets for Identical Assets Level 2 – Significant Other Observable Inputs Level 3 – Significant Unobservable Inputs The following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Collateral-dependent Impaired Loans, NET of ALLL Loans for which it is probable the Company will not collect all principal and interest due according to contractual terms are measured for impairment. The estimated fair value of collateral-dependent impaired loans is based on the appraised value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. This method requires obtaining an independent appraisal of the collateral, which is reviewed for accuracy and consistency by Credit Administration. These appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by applying a discount factor to the value based on the Company’s loan review policy. All impaired loans held by the Company were collateral dependent at September 30, 2015 and December 31, 2014. Mortgage Servicing Rights Mortgage servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models associated with the servicing rights and discounting the cash flows using discount market rates, prepayment speeds and default rates. The servicing portfolio has been valued using all relevant positive and negative cash flows including servicing fees; miscellaneous income and float; marginal costs of servicing; the cost of carry of advances; and foreclosure losses; and applying certain prevailing assumptions used in the marketplace. Due to the nature of the valuation inputs, mortgage servicing rights are classified within Level 3 of the hierarchy. These mortgage servicing rights are tested for impairment on a quarterly basis. Foreclosed Assets Held For Sale The following table presents the fair value measurements of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fell at September 30, 2015 and December 31, 2014: Fair Value Measurements Using: ($ in thousands) Fair Values at Description 9/30/2015 (Level 1) (Level 2) (Level 3) Impaired loans $ 5,187 $ - $ - $ 5,187 Mortgage Servicing Rights 2,622 - - 2,622 ($ in thousands) Fair Values at Description 12/31/2014 (Level 1) (Level 2) (Level 3) Impaired loans $ 2,538 $ - $ - $ 2,538 Mortgage Servicing Rights 3,037 - - 3,037 Unobservable (Level 3) Inputs The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. Fair Value at Valuation Unobservable Range (Weighted ($'s in thousands) 9/30/2015 Technique Inputs Average) Collateral-dependent impaired loans 5,187 Market comparable properties Comparability adjustments (%) Not available Mortgage servicing rights 2,622 Discounted cash flow Discount Rate 9.50 % Constant prepayment rate 10.30 % P&l earnings credit 0.20 % T&l earnings credit 1.67 % Inflation for cost of servicing 1.50 % Fair Value at Valuation Unobservable Range (Weighted ($'s in thousands) 12/31/2014 Technique Inputs Average) Collateral-dependent impaired loans 2,538 Market comparable properties Comparability adjustments (%) Not available Mortgage servicing rights 3,037 Discounted cash flow Discount Rate 9.50 % Constant prepayment rate 10.30 % P&l earnings credit 0.17 % T&l earnings credit 1.75 % Inflation for cost of servicing 1.50 % There were no changes in the inputs or methodologies used to determine fair value at September 30, 2015 as compared to December 31, 2014. The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value. Cash and Due From Banks, Federal Reserve and Federal Home Loan Bank Stock and Accrued Interest Receivable and Payable The carrying amount approximates the fair value. Loans Held for Sale The fair value of loans held for sale is based upon quoted market prices, where available, or is determined by discounting estimated cash flows using interest rates approximating the Company’s current origination rates for similar loans and adjusted to reflect the inherent credit risk. Loans The estimated fair value for loans receivable is based on estimates of the rate State Bank would charge for similar loans at September 30, 2015 and December 31, 2014, applied for the time period until the loans are assumed to re-price or be paid. Mortgage Servicing Rights Mortgage servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models associated with the servicing rights and discounting the cash flows using discount market rates, prepayment speeds and default rates. The servicing portfolio has been valued using all relevant positive and negative cash flows including servicing fees, miscellaneous income and float; marginal costs of servicing; the cost of carry of advances; and foreclosure losses; and applying certain prevailing assumptions used in the marketplace. Due to the nature of the valuation inputs, mortgage servicing rights are classified within Level 3 of the hierarchy. These mortgage servicing rights are tested for impairment on a quarterly basis. Deposits, FHLB advances & Repurchase agreements Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates the fair value. The estimated fair value for fixed-maturity time deposits, as well as borrowings, is based on estimates of the rate State Bank could pay on similar instruments with similar terms and maturities at September 30, 2015 and December 31, 2014. Loan Commitments The fair value of commitments 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. The estimated fair values for other financial instruments and off-balance-sheet loan commitments approximate cost at September 30, 2015 and December 31, 2014 and are not considered significant to this presentation. Trust Preferred Securities The fair value for Trust Preferred Securities is estimated by discounting the cash flows using an appropriate discount rate. The following table presents estimated fair values of the Company’s other financial instruments carried at other than fair value. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. 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. Sep. 30, 2015 Carrying Fair Value Measurements Using Amount (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 18,372 $ 18,372 $ - $ - Loans held for sale 8,517 - 8,740 - Loans, net of allowance for loan losses 533,813 - - 536,312 Federal Reserve and FHLB Bank stock 3,748 - 3,748 - Mortgage Servicing Rights 6,798 - - 7,420 Accrued interest receivable 1,817 - 1,817 - Financial liabilities Deposits $ 573,568 $ 102,460 $ 473,331 $ - FHLB Advances 30,000 - 30,146 - Short-term borrowings 16,911 - 16,911 - Trust preferred securities 10,310 - 7,693 - Accrued interest payable 341 - 341 - December 31, 2014 Carrying Fair Value Measurements Using Amount (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 28,197 $ 28,197 $ - $ - Loam held for sale 5,168 - 5,315 - Loam, net of allowance for ban bsses 509,565 - - 510,314 Federal Reserve and FHLB Bank stock, at cost 3,748 - 3,748 - Mortgage Servicing Rights 5,704 - - 6,358 Accrued interest receivable 1,346 - 1,346 - Financial liabilities - Deposits $ 550,906 $ 97,853 $ 455,383 $ - FHLB advances 30,000 - 29,907 - Short-termborrowings 12,740 - 12,740 - Trust preferred securities 10,310 - 7,206 - Accrued interest payable 264 - 264 -

Repurchase Agreements

Repurchase Agreements	9 Months Ended
	Sep. 30, 2015
Repurchase Agreements [Abstract]
REPURCHASE AGREEMENTS	NOTE 7 – REPURCHASE AGREEMENTS Repurchase agreements are offered by the bank to commercial business customers and public institutions to provide them with an opportunity to earn a return on their excess cash balances. These repurchase agreements are considered secured borrowings. On a daily basis State Bank transfers securities to these customers in exchange for their cash and subsequently agrees to repurchase those same securities the next business day. In the event State Bank is unable to repurchase the securities from the customer, the customer will then have a claim against those securities. The repurchase borrowers for State Bank are all in the Overnight and Continuous maturity bucket. All of these repurchase balances are collateralized with US Agency and Mortgage Backed Securities.

Preferred Capital Offering

Preferred Capital Offering	9 Months Ended
	Sep. 30, 2015
Preferred Capital Offering [Abstract]
PREFERRED CAPITAL OFFERING	NOTE 8 – PREFERRED CAPITAL OFFERING On December 23, 2014, the Company completed its public offering of 1,500,000 depository shares, each representing a 1/100 th Each Series A Preferred Share, at the option of the holder, is convertible at any time into the number of common shares equal to $1,000.00 divided by the conversion price then in effect, which at March 31, 2015, was $10.34. The conversion price may be adjusted under certain circumstances, including in the event the Company pays quarterly dividends on its common stock in excess of a specified amount. On or after the fifth anniversary of the issue date of the Series A Preferred Shares (December 23, 2019), the Company may require all holders of Series A Preferred Shares (and, therefore, depository shares) to convert their shares into common shares of the Company, provided the Company’s common share price exceeds 120 percent of the conversion price noted above. At September 30, 2015, the aggregate number of common shares issuable upon the conversion of outstanding Series A Preferred Shares was 1,450,677.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Summary of average number of shares used in the computation of basic and diluted earnings per share	Three Months Ended Nine Months Ended (shares in thousands) Sep. 30, Sep. 30, Sep. 30 Sep. 30 2015 2014 2015 2014 Basic earnings per share 4,884 4,875 4,882 4,873 Diluted earnings per share 6,390 4,900 6,422 4,896

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Securities [Abstract]
Summary of amortized cost and approximate fair values of securities	Gross Gross ($ in thousands) Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available-for-Sale Securities: September 30, 2015 U.S. Treasury and Government agencies $ 11,150 $ 157 $ - $ 11,307 Mortgage-backed securities 65,003 773 (135 ) 65,641 State and political subdivisions 17,554 957 - 18,511 Equity securities 23 - - 23 $ 93,730 $ 1,887 $ (135 ) $ 95,482 Gross Gross ($ in thousands) Amortized Unrealized Unrealized Cost Gains Losses Fair Value Available-for-Sale Securities: December 31, 2014: U.S. Treasury and Government agencies $ 15,187 $ 124 $ (4 ) $ 15,307 Mortgage-backed securities 50,563 462 (285 ) 50,740 State and political subdivisions 18,075 1,095 - 19,170 Equity securities 23 - - 23 $ 83,848 $ 1,681 $ (289 ) $ 85,240
Summary of amortized cost and fair value of securities available for sale by contractual maturity	Available for Sale Amortized Fair ($ in thousands) Cost Value Within one year $ 1,130 $ 1,142 Due after one year through five years 2,182 2,280 Due after five years through ten years 5,199 5,429 Due after ten years 20,193 20,967 28,704 29,818 Mortgage-backed securities & equity securities 65,026 65,664 Totals $ 93,730 $ 95,482
Summary of securities with unrealized losses	($ in thousands) Less than 12 Months 12 Months or Longer Total September 30, 2015 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Available-for-Sale Securities: Mortgage-backed securities $ 11,740 $ (54 ) $ 5,683 $ (81 ) $ 17,423 $ (135 ) $ 11,740 $ (54 ) $ 5,683 $ (81 ) $ 17,423 $ (135 ) ($ in thousands) Less than 12 Months 12 Months or Longer Total December 31, 2014 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Available-for-Sale Securities: U.S. Treasury and Government agencies $ 1,387 $ (4 ) $ - $ - $ 1,387 $ (4 ) Mortgage-backed securities 20,491 (73 ) 7,073 (212 ) 27,564 (285 ) $ 21,878 $ (77 ) $ 7,073 $ (212 ) $ 28,951 $ (289 )

Loans and Allowance for Loan 18

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Summary of categories of loans	($ in thousands) Total Loans Non-Accrual Loans Sep. 2015 Dec. 2014 Sep. 2015 Dec. 2014 Commercial & Industrial $ 83,699 $ 88,485 453 1,387 Commercial RE & Construction 231,249 217,030 5,393 2,092 Agricultural & Farmland 46,102 46,217 - - Residential Real Estate 126,840 113,214 795 992 Consumer & Other 52,957 51,546 101 138 Total Loans $ 540,847 $ 516,492 $ 6,742 $ 4,609 Unearned Income $ 42 $ (156 ) Total Loans, net of unearned income $ 540,889 $ 516,336 Allowance for loan losses $ (7,076 ) $ (6,771 )
Summary of allowance for loan losses and recorded investment in loans based on portfolio segment and impairment method	Commercial Commercial RE Agricultural Residential Consumer ($'s in thousands) & Industrial & Construction & Farmland Real Estate & Other Total ALLOWANCE FOR LOAN AND LEASE LOSSES For the Three Months Ended September 30, 2015 Beginning balance $ 1,488 $ 3,066 $ 261 $ 1,410 $ 781 $ 7,006 Charge Offs - (53 ) - (4 ) (1 ) $ (58 ) Recoveries 1 - 1 23 4 29 Provision (621 ) 997 (40 ) (154 ) (82 ) 100 Ending Balance $ 868 $ 4,010 $ 222 $ 1,275 $ 702 $ 7,076 ALLOWANCE FOR LOAN AND LEASE LOSSES For the Nine Months Ended September 30, 2015 Beginning balance $ 1,630 $ 2,857 $ 208 $ 1,308 $ 768 $ 6,771 Charge Offs (309 ) (303 ) - (65 ) (34 ) $ (711 ) Recoveries 22 3 3 28 10 66 Provision (475 ) 1,453 11 4 (43 ) 950 Ending Balance $ 868 $ 4,010 $ 222 $ 1,275 $ 702 $ 7,076 Loans Receivable at September 30, 2015 Allowance: Ending balance: individually evaluated for impairment $ 19 $ 1,920 $ - $ 170 $ 38 $ 2,147 Ending balance: collectively evaluated for impairment $ 849 $ 2,090 $ 222 $ 1,105 $ 664 $ 4,929 Loans: Ending balance: individually evaluated for impairment $ 335 $ 5,653 $ - $ 1,698 $ 451 $ 8,137 Ending balance: collectively evaluated for impairment $ 83,364 $ 225,596 $ 46,102 $ 125,142 $ 52,506 $ 532,710 Commercial Commercial RE Agricultural Residential Consumer ($'s in thousands) & Industrial & Construction & Farmland Real Estate & Other Total Loans Receivable at December 31, 2014 Allowance: Ending balance: individually evaluated for impairment $ 510 $ 1,018 $ - $ 242 $ 41 $ 1,811 Ending balance: collectively evaluated for impairment $ 1,120 $ 1,839 $ 208 $ 1,066 $ 727 $ 4,960 Loans: Ending balance: individually evaluated for impairment $ 1,268 $ 2,035 $ - $ 1,647 $ 481 $ 5,431 Ending balance: collectively evaluated for impairment $ 87,217 $ 214,995 $ 46,217 $ 111,567 $ 51,065 $ 511,061 For the Three Months Ended September 30, 2014 Commercial Commercial RE Agricultural Residential Consumer ($'s in thousands) & Industrial & Construction & Farmland Real Estate & Other Total ALLOWANCE FOR LOAN AND LEASE LOSSES Beginning balance $ 1,660 $ 2,657 $ 194 $ 1,266 $ 791 $ 6,568 Charge Offs - (12 ) - (18 ) (63 ) $ (93 ) Recoveries 6 64 1 14 3 88 Provision 120 (114 ) 21 46 77 150 Ending Balance $ 1,786 $ 2,595 $ 216 $ 1,308 $ 808 $ 6,713 For the Nine Months Ended September 30, 2014 Commercial Commercial RE Agricultural Residential Consumer ($'s in thousands) & Industrial & Construction & Farmland Real Estate & Other Total ALLOWANCE FOR LOAN AND LEASE LOSSES Beginning balance $ 2,175 $ 2,708 $ 159 $ 1,067 $ 855 $ 6,964 Charge Offs (607 ) (13 ) - (33 ) (93 ) $ (746 ) Recoveries 18 124 2 28 23 195 Provision 200 (224 ) 55 246 23 300 Ending Balance $ 1,786 $ 2,595 $ 216 $ 1,308 $ 808 $ 6,713
Summary of credit risk profile of the Company's loan portfolio based on rating category	September 30, 2015 Commercial Commercial RE Agricultural Residential Consumer Loan Grade & Industrial & Construction & Farmland Real Estate & Other Total ($ in thousands) 1-2 $ 810 $ 57 $ 54 $ - $ 4 $ 925 3 23,582 70,043 8,408 115,958 49,542 267,533 4 58,506 149,117 37,640 8,453 3,153 256,869 Total Pass (1 - 4) 82,898 219,217 46,102 124,411 52,699 525,327 Special Mention (5) 312 6,480 - 1,168 78 8,038 Substandard (6) 43 113 - 477 79 712 Doubtful (7) 446 5,439 - 784 101 6,770 Loss (8) - - - - - - Total Loans $ 83,699 $ 231,249 $ 46,102 $ 126,840 $ 52,957 $ 540,847 December 31, 2014 Commercial Commercial RE Agricultural Residential Consumer Loan Grade & Industrial & Construction & Farmland Real Estate & Other Total ($ in thousands) 1-2 $ 1,148 $ 66 $ 61 $ - $ - $ 1,275 3 23,580 67,779 9,505 105,149 47,795 253,808 4 61,691 136,427 36,651 5,611 3,465 243,845 Total Pass (1 - 4) 86,419 204,272 46,217 110,760 51,260 498,928 Special Mention (5) 83 6,224 - 1,160 84 7,551 Substandard (6) 752 4,422 - 312 55 5,541 Doubtful (7) 1,231 2,112 - 982 147 4,472 Loss (8) - - - - - - Total Loans $ 88,485 $ 217,030 $ 46,217 $ 113,214 $ 51,546 $ 516,492
Summary of loan portfolio aging analysis	30-59 Days 60-89 Days Greater Than Total Past Total Loans September 30, 2015 Past Due Past Due 90 Days Due Current Receivable ($ in thousands) Commercial & Industrial $ - $ - $ 453 $ 453 $ 83,246 $ 83,699 Commercial RE & Construction - 3,616 1,788 5,404 225,845 231,249 Agricultural & Farmland - - - - 46,102 46,102 Residential Real Estate 101 64 315 480 126,360 126,840 Consumer & Other 58 81 - 139 52,818 52,957 Total Loans $ 159 $ 3,761 $ 2,556 $ 6,476 $ 534,371 $ 540,847 30-59 Days 60-89 Days Greater Than Total Past Total Loans December 31, 2014 Past Due Past Due 90 Days Due Current Receivable ($ in thousands) Commercial & Industrial $ - $ - $ 987 $ 987 $ 87,498 $ 88,485 Commercial RE & Construction 3,660 - 1,747 5,407 211,623 217,030 Agricultural & Farmland - - - - 46,217 46,217 Residential Real Estate 164 19 377 560 112,654 113,214 Consumer & Other 39 81 - 120 51,426 51,546 Total Loans $ 3,863 $ 100 $ 3,111 $ 7,074 $ 509,418 $ 516,492
Summary of impaired loan information	Nine Months Ended Unpaid Average Interest September 30, 2015 Recorded Principal Related Recorded Income ($'s in thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial & Industrial $ 316 $ 316 $ - $ 316 $ - Commercial RE & Construction 704 704 - 830 25 Agricultural & Farmland - - - - - Residential Real Estate 673 716 - 865 38 Consumer & Other 114 114 - 129 7 All Impaired Loans < $100,000 344 344 - 344 - With a specific allowance recorded: Commercial & Industrial 19 919 19 1,128 - Commercial RE & Construction 4,949 5,199 1,920 2,022 13 Agricultural & Farmland - - - - - Residential Real Estate 1,025 1,025 170 1,088 33 Consumer & Other 337 337 38 367 17 Totals: Commercial & Industrial $ 335 $ 1,235 $ 19 $ 1,444 $ - Commercial RE & Construction $ 5,653 $ 5,903 $ 1,920 $ 2,852 $ 38 Agricultural & Farmland $ - $ - $ - $ - $ - Residential Real Estate $ 1,698 $ 1,741 $ 170 $ 1,953 $ 71 Consumer & Other $ 451 $ 451 $ 38 $ 496 $ 24 All Impaired Loans < $100,000 $ 344 $ 344 $ - $ 344 $ - Three Months Ended Average Recorded Interest Income September 30, 2015 Investment Recognized With no related allowance recorded: Commercial & Industrial $ 316 $ - Commercial RE & Construction 797 6 Agricultural & Farmland - - Residential Real Estate 859 8 Consumer & Other 125 3 All Impaired Loans < $100,000 344 - With a specific allowance recorded: Commercial & Industrial 1,080 - Commercial RE & Construction 1,954 3 Agricultural & Farmland - - Residential Real Estate 1,080 10 Consumer & Other 362 5 Totals: Commercial & Industrial $ 1,396 $ - Commercial RE & Construction $ 2,751 $ 9 Agricultural & Farmland $ - $ - Residential Real Estate $ 1,939 $ 18 Consumer & Other $ 487 $ 8 All Impaired Loans < $100,000 $ 344 $ - Twelve Months Ended Unpaid December 31, 2014 Recorded Principal Related ($'s in thousands) Investment Balance Allowance With no related allowance recorded: Commercial & Industrial $ 316 $ 316 $ - Commercial RE & Construction 530 530 - Agricultural & Farmland - - - Residential Real Estate 567 611 - Consumer & Other 110 110 - All Impaired Loans < $100,000 565 565 - With a specific allowance recorded: Commercial & Industrial 952 1,552 510 Commercial RE & Construction 1,505 1,505 1,018 Agricultural & Farmland - - - Residential Real Estate 1,080 1,080 242 Consumer & Other 371 371 41 Totals: Commercial & Industrial $ 1,268 $ 1,868 $ 510 Commercial RE & Construction $ 2,035 $ 2,035 $ 1,018 Agricultural & Farmland $ - $ - $ - Residential Real Estate $ 1,647 $ 1,691 $ 242 Consumer & Other $ 481 $ 481 $ 41 All Impaired Loans < $100,000 $ 565 $ 565 $ - Nine Months Ended Sep. 30, 2014 Three Months Ended Sep. 30, 2014 Average Recorded Interest Income Average Recorded Interest Income Investment Recognized Investment Recognized Commercial & Industrial $ 316 $ - $ 316 $ - Commercial RE & Construction 578 - 566 - Agricultural & Farmland - - - - Residential Real Estate 813 41 808 14 Consumer & Other 120 8 115 3 All Impaired Loans < $100,000 660 - 660 - Commercial & Industrial 1,622 - 1,578 - Commercial RE & Construction 185 8 182 2 Agricultural & Farmland - - - - Residential Real Estate 1,026 29 1,020 8 Consumer & Other 452 18 446 6 Commercial & Industrial $ 1,938 $ - $ 1,894 $ - Commercial RE & Construction $ 763 $ 8 $ 748 $ 2 Agricultural & Farmland $ - $ - $ - $ - Residential Real Estate $ 1,839 $ 70 $ 1,828 $ 22 Consumer & Other $ 572 $ 26 $ 561 $ 9 All Impaired Loans < $100,000 $ 660 $ - $ 660 $ -
Summary of newly restructured loans by type of modification	Three Months Ended Sep. 30, 2015 ($ in thousands) Number of Loans Pre-Modification Recorded Balance Post Modification Recorded Balance Residential Real Estate - $ - $ - Consumer & Other - - - Total Modifications - $ - $ - ($ in thousands) Interest Total Only Term Combination Modification Residential Real Estate $ - $ - $ - $ - Consumer & Other - - - - Total Modifications $ - $ - $ - $ - Nine Months Ended June 30, 2015 ($ in thousands) Number of Loans Pre-Modification Recorded Balance Post Modification Recorded Balance Residential Real Estate 1 $ 24 $ 24 Consumer & Other - - Total Modifications 1 $ 24 $ 24 ($ in thousands) Interest Total Only Term Combination Modification Residential Real Estate $ - $ 24 $ - $ 24 Consumer & Other - - - Total Modifications $ - $ 24 $ - $ 24 Three Months Ended Sep. 30, 2014 ($ in thousands) Number of Loans Pre-Modification Recorded Balance Post Modification Recorded Balance Residential Real Estate - $ - $ - Consumer & Other - - - Total Modifications - $ - $ - ($ in thousands) Interest Total Only Term Combination Modification Residential Real Estate $ - $ - $ - $ - Consumer & Other - - - - Total Modifications $ - $ - $ - $ - Nine Months Ended Sep. 30, 2014 ($ in thousands) Number of Loans Pre-Modification Recorded Balance Post Modification Recorded Balance Residential Real Estate - $ - $ - Consumer & Other - - - Total Modifications - $ - $ - ($ in thousands) Interest Total Only Term Combination Modification Residential Real Estate $ - $ - $ - $ - Consumer & Other - - - - Total Modifications $ - $ - $ - $ -
Summary of troubled debt restructurings	Number of Recorded ($ in thousands) Contracts Balance Residential Real Estate 4 $ 67 4 67

Derivative Financial Instrume19

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Financial Instruments [Abstract]
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet	Asset Derivatives Liability Derivatives ($ in thousands) September 30, 2015 September 30, 2015 Balance Sheet Fair Balance Sheet Fair Location Value Location Value Derivatives not designated as hedging instruments: Interest rate contracts Other Assets $ 651 Other Liabilities $ 651 ($ in thousands) December 31, 2014 December 31, 2014 Balance Sheet Fair Balance Sheet Fair Location Value Location Value Derivatives not designated as hedging instruments: Interest rate contracts Other Assets $ 273 Other Liabilities $ 273

Fair Value of Assets and Liab20

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value of Assets and Liabilities [Abstract]
Summary of fair value measurements of assets measured at fair value on a recurring basis	Fair Value Measurements Using: ($ in thousands) Available-for-Sale Securities: Fair Values at 9/30/2015 (Level 1) (Level 2) (Level 3) U.S. Treasury and Government Agencies $ 11,307 $ - $ 11,307 $ - Mortgage-backed securities 65,641 - 65,641 - State and political subdivisions 18,511 - 18,511 - Equity securities 23 - 23 - Interest rate contracts - assets 651 - 651 - Interest rate contracts - liabilities (651 ) - (651 ) - Fair Value Measurements Using: ($ in thousands) Available-for-Sale Securities: Fair Values at 12/31/2014 (Level 1) (Level 2) (Level 3) U.S. Treasury and Government Agencies $ 15,307 $ - $ 15,307 $ - Mortgage-backed securities 50,740 - 50,740 - State and political subdivisions 19,170 - 19,170 - Equity securities 23 - 23 - Interest rate contracts - assets 273 - 273 - Interest rate contracts - liabilities (273 ) - (273 ) -
Summary of fair value measurements of assets measured at fair value on a nonrecurring basis	($ in thousands) Fair Values at Description 9/30/2015 (Level 1) (Level 2) (Level 3) Impaired loans $ 5,187 $ - $ - $ 5,187 Mortgage Servicing Rights 2,622 - - 2,622 ($ in thousands) Fair Values at Description 12/31/2014 (Level 1) (Level 2) (Level 3) Impaired loans $ 2,538 $ - $ - $ 2,538 Mortgage Servicing Rights 3,037 - - 3,037
Summary of quantitative information about unobservable inputs used in recurring and nonrecurring	Fair Value at Valuation Unobservable Range (Weighted ($'s in thousands) 9/30/2015 Technique Inputs Average) Collateral-dependent impaired loans 5,187 Market comparable properties Comparability adjustments (%) Not available Mortgage servicing rights 2,622 Discounted cash flow Discount Rate 9.50 % Constant prepayment rate 10.30 % P&l earnings credit 0.20 % T&l earnings credit 1.67 % Inflation for cost of servicing 1.50 % Fair Value at Valuation Unobservable Range (Weighted ($'s in thousands) 12/31/2014 Technique Inputs Average) Collateral-dependent impaired loans 2,538 Market comparable properties Comparability adjustments (%) Not available Mortgage servicing rights 3,037 Discounted cash flow Discount Rate 9.50 % Constant prepayment rate 10.30 % P&l earnings credit 0.17 % T&l earnings credit 1.75 % Inflation for cost of servicing 1.50 %
Summary of estimated fair values of company's financial instruments	Sep. 30, 2015 Carrying Fair Value Measurements Using Amount (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 18,372 $ 18,372 $ - $ - Loans held for sale 8,517 - 8,740 - Loans, net of allowance for loan losses 533,813 - - 536,312 Federal Reserve and FHLB Bank stock 3,748 - 3,748 - Mortgage Servicing Rights 6,798 - - 7,420 Accrued interest receivable 1,817 - 1,817 - Financial liabilities Deposits $ 573,568 $ 102,460 $ 473,331 $ - FHLB Advances 30,000 - 30,146 - Short-term borrowings 16,911 - 16,911 - Trust preferred securities 10,310 - 7,693 - Accrued interest payable 341 - 341 - December 31, 2014 Carrying Fair Value Measurements Using Amount (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $ 28,197 $ 28,197 $ - $ - Loam held for sale 5,168 - 5,315 - Loam, net of allowance for ban bsses 509,565 - - 510,314 Federal Reserve and FHLB Bank stock, at cost 3,748 - 3,748 - Mortgage Servicing Rights 5,704 - - 6,358 Accrued interest receivable 1,346 - 1,346 - Financial liabilities - Deposits $ 550,906 $ 97,853 $ 455,383 $ - FHLB advances 30,000 - 29,907 - Short-termborrowings 12,740 - 12,740 - Trust preferred securities 10,310 - 7,206 - Accrued interest payable 264 - 264 -

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Summary of average number of shares used in the computation of basic and diluted earnings per share
Basic earnings per share	4,884	4,875	4,882	4,873
Diluted earnings per share	6,390	4,900	6,422	4,896

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings per share (Textual)
Common shares excluded from computation of diluted EPS	50,424	66,570
Conversion of depository shares	1,500,000
Conversion of common stock, shares	1,450,677

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Summary of amortized cost and approximate fair values of securities
Amortized Cost	$ 93,730	$ 83,848
Gross Unrealized Gains	1,887	1,681
Gross Unrealized Losses	(135)	(289)
Securities available for sale, at fair value	95,482	85,240
U.S. Treasury and Government Agencies [Member]
Summary of amortized cost and approximate fair values of securities
Amortized Cost	11,150	15,187
Gross Unrealized Gains	$ 157	124
Gross Unrealized Losses		(4)
Securities available for sale, at fair value	$ 11,307	15,307
Mortgage-backed securities [Member]
Summary of amortized cost and approximate fair values of securities
Amortized Cost	65,003	50,563
Gross Unrealized Gains	773	462
Gross Unrealized Losses	(135)	(285)
Securities available for sale, at fair value	65,641	50,740
State and political subdivisions [Member]
Summary of amortized cost and approximate fair values of securities
Amortized Cost	17,554	18,075
Gross Unrealized Gains	$ 957	$ 1,095
Gross Unrealized Losses
Securities available for sale, at fair value	$ 18,511	$ 19,170
Equity securities [Member]
Summary of amortized cost and approximate fair values of securities
Amortized Cost	$ 23	$ 23
Gross Unrealized Gains
Gross Unrealized Losses
Securities available for sale, at fair value	$ 23	$ 23

Securities (Details 1)

Securities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Summary of amortized cost and fair value of securities available for sale by contractual maturity
Available for Sale Amortized Cost, Within one year	$ 1,130
Available for Sale Amortized Cost, Due after one year through five years	2,182
Available for Sale Amortized Cost, Due after five years through ten years	5,199
Available for Sale Amortized Cost, Due after ten years	20,193
Available for Sale Amortized Cost	28,704
Amortized Cost Mortgage-backed securities & equity securities	65,026
Available for Sale, Amortized Cost, Totals	93,730	$ 83,848
Available for Sale Fair Value, Within one year	1,142
Available for Sale Fair Value, Due after one year through five years	2,280
Available for Sale Fair value, Due after five years through ten years	5,429
Available for Sale Fair Value, Due after ten years	20,967
Available for Sale Fair Value	29,818
Fair Value Mortgage-backed securities & equity securities	65,664
Totals Fair Value	$ 95,482	$ 85,240

Securities (Details 2)

Securities (Details 2) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of securities with unrealized losses
Less than 12 Months, Fair Value	$ 11,740	$ 21,878
Less than 12 Months, Unrealized Losses	(54)	(77)
12 Months or Longer, Fair Value	5,683	7,073
12 Months or Longer, Unrealized Losses	(81)	(212)
Total, Fair Value	17,423	28,951
Total, Unrealized Losses	(135)	(289)
U.S. Treasury and Government agencies [Member]
Schedule of securities with unrealized losses
Less than 12 Months, Fair Value		1,387
Less than 12 Months, Unrealized Losses		$ (4)
12 Months or Longer, Fair Value
12 Months or Longer, Unrealized Losses
Total, Fair Value		$ 1,387
Total, Unrealized Losses		(4)
Mortgage-backed securities [Member]
Schedule of securities with unrealized losses
Less than 12 Months, Fair Value	11,740	20,491
Less than 12 Months, Unrealized Losses	(54)	(73)
12 Months or Longer, Fair Value	5,683	7,073
12 Months or Longer, Unrealized Losses	(81)	(212)
Total, Fair Value	17,423	27,564
Total, Unrealized Losses	$ (135)	$ (285)

Securities (Details Textual)

Securities (Details Textual) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Securities (Textual)
Fair value of securities pledged as collateral, to secure public deposits and for other purposes	$ 74,200		$ 44,500
Fair value of securities delivered for repurchase agreements	18,700		16,500
Total, Fair Value	$ 17,423		$ 28,951
Fair value as a percentage of available-for-sale investment portfolio	18.00%		35.00%
Gross Unrealized Losses	$ (135)		$ (289)
Securities for reverse repurchase agreements		$ 60
Tax expense for net security gains	$ 20

Loans and Allowance for Loan 27

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Summary of categories of loans
Total Loans	$ 540,847	$ 516,492
Non-Accrual Loans	6,742	4,609
Unearned Income	42	(156)
Total Loans, net of unearned income	540,889	516,336
Allowance for loan losses	(7,076)	(6,771)
Commercial & Industrial [Member]
Summary of categories of loans
Total Loans	83,699	88,485
Non-Accrual Loans	453	1,387
Commercial RE & Construction [Member]
Summary of categories of loans
Total Loans	231,249	217,030
Non-Accrual Loans	5,393	2,092
Agricultural & Farmland [Member]
Summary of categories of loans
Total Loans	$ 46,102	$ 46,217
Non-Accrual Loans
Residential Real Estate [Member]
Summary of categories of loans
Total Loans	$ 126,840	$ 113,214
Non-Accrual Loans	795	992
Consumer & Other [Member]
Summary of categories of loans
Total Loans	52,957	51,546
Non-Accrual Loans	$ 101	$ 138

Loans and Allowance for Loan 28

Loans and Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	$ 7,006	$ 6,568	$ 6,771	$ 6,964
Charge Offs	(58)	(93)	(711)	(746)
Recoveries	29	88	66	195
Provision	100	150	950	300
Ending Balance	7,076	6,713	7,076	6,713
Allowance: Ending balance: individually evaluated for impairment	2,147		2,147		$ 1,811
Allowance: Ending balance: collectively evaluated for impairment	4,929		4,929		4,960
Loans: Ending balance individually evaluated for impairment	8,137		8,137		5,431
Loans: Ending balance collectively evaluated for impairment	532,710		532,710		511,061
Commercial & Industrial [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	$ 1,488	$ 1,660	1,630	2,175
Charge Offs			(309)	(607)
Recoveries	$ 1	$ 6	22	18
Provision	(621)	120	(475)	200
Ending Balance	868	1,786	868	1,786
Allowance: Ending balance: individually evaluated for impairment	19		19		510
Allowance: Ending balance: collectively evaluated for impairment	849		849		1,120
Loans: Ending balance individually evaluated for impairment	335		335		1,268
Loans: Ending balance collectively evaluated for impairment	83,364		83,364		87,217
Commercial RE & Construction [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	3,066	2,657	2,857	2,708
Charge Offs	$ (53)	(12)	(303)	(13)
Recoveries		64	3	124
Provision	$ 997	114	1,453	(224)
Ending Balance	4,010	2,595	4,010	2,595
Allowance: Ending balance: individually evaluated for impairment	1,920		1,920		1,018
Allowance: Ending balance: collectively evaluated for impairment	2,090		2,090		1,839
Loans: Ending balance individually evaluated for impairment	5,653		5,653		2,035
Loans: Ending balance collectively evaluated for impairment	225,596		225,596		$ 214,995
Agricultural & Farmland [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	$ 261	$ 194	$ 208	$ 159
Charge Offs
Recoveries	$ 1	$ 1	$ 3	$ 2
Provision	(40)	21	11	55
Ending Balance	$ 222	216	$ 222	216
Allowance: Ending balance: individually evaluated for impairment
Allowance: Ending balance: collectively evaluated for impairment	$ 222		$ 222		$ 208
Loans: Ending balance individually evaluated for impairment
Loans: Ending balance collectively evaluated for impairment	$ 46,102		$ 46,102		$ 46,217
Residential Real Estate [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	1,410	1,266	1,308	1,067
Charge Offs	(4)	(18)	(65)	(33)
Recoveries	23	14	28	28
Provision	(154)	46	4	246
Ending Balance	1,275	1,308	1,275	1,308
Allowance: Ending balance: individually evaluated for impairment	170		170		242
Allowance: Ending balance: collectively evaluated for impairment	1,105		1,105		1,066
Loans: Ending balance individually evaluated for impairment	1,698		1,698		1,647
Loans: Ending balance collectively evaluated for impairment	125,142		125,142		111,567
Consumer & Other [Member]
Summary of balance of the allowance for loan losses and the recorded investment in loans
Beginning balance	781	791	768	855
Charge Offs	(1)	(63)	(34)	(93)
Recoveries	4	3	10	23
Provision	(82)	77	(43)	23
Ending Balance	702	$ 808	702	$ 808
Allowance: Ending balance: individually evaluated for impairment	38		38		41
Allowance: Ending balance: collectively evaluated for impairment	664		664		727
Loans: Ending balance individually evaluated for impairment	451		451		481
Loans: Ending balance collectively evaluated for impairment	$ 52,506		$ 52,506		$ 51,065

Loans and Allowance for Loan 29

Loans and Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 540,847	$ 516,492
Loan Grade 1-2 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	925	1,275
Loan Grade 3 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	267,533	253,808
Loan Grade 4 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	256,869	243,845
Total Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	525,327	498,928
Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	8,038	7,551
Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	712	5,541
Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 6,770	$ 4,472
Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Commercial & Industrial [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 83,699	$ 88,485
Commercial & Industrial [Member] | Loan Grade 1-2 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	810	1,148
Commercial & Industrial [Member] | Loan Grade 3 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	23,582	23,580
Commercial & Industrial [Member] | Loan Grade 4 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	58,506	61,691
Commercial & Industrial [Member] | Total Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	82,898	86,419
Commercial & Industrial [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	312	83
Commercial & Industrial [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	43	752
Commercial & Industrial [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 446	$ 1,231
Commercial & Industrial [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Commercial RE & Construction [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 231,249	$ 217,030
Commercial RE & Construction [Member] | Loan Grade 1-2 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	57	66
Commercial RE & Construction [Member] | Loan Grade 3 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	70,043	67,779
Commercial RE & Construction [Member] | Loan Grade 4 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	149,117	136,427
Commercial RE & Construction [Member] | Total Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	219,217	204,272
Commercial RE & Construction [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	6,480	6,224
Commercial RE & Construction [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	113	4,422
Commercial RE & Construction [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 5,439	$ 2,112
Commercial RE & Construction [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Agricultural & Farmland [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 46,102	$ 46,217
Agricultural & Farmland [Member] | Loan Grade 1-2 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	54	61
Agricultural & Farmland [Member] | Loan Grade 3 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	8,408	9,505
Agricultural & Farmland [Member] | Loan Grade 4 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	37,640	36,651
Agricultural & Farmland [Member] | Total Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 46,102	$ 46,217
Agricultural & Farmland [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Agricultural & Farmland [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Agricultural & Farmland [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Agricultural & Farmland [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Residential Real Estate [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 126,840	$ 113,214
Residential Real Estate [Member] | Loan Grade 1-2 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Residential Real Estate [Member] | Loan Grade 3 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 115,958	$ 105,149
Residential Real Estate [Member] | Loan Grade 4 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	8,453	5,611
Residential Real Estate [Member] | Total Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	124,411	110,760
Residential Real Estate [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	1,168	1,160
Residential Real Estate [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	477	312
Residential Real Estate [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 784	$ 982
Residential Real Estate [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans
Consumer & Other [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 52,957	$ 51,546
Consumer & Other [Member] | Loan Grade 1-2 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	4
Consumer & Other [Member] | Loan Grade 3 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	49,542	$ 47,795
Consumer & Other [Member] | Loan Grade 4 Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	3,153	3,465
Consumer & Other [Member] | Total Pass [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	52,699	51,260
Consumer & Other [Member] | Special Mention [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	78	84
Consumer & Other [Member] | Substandard [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	79	55
Consumer & Other [Member] | Doubtful [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans	$ 101	$ 147
Consumer & Other [Member] | Loss [Member]
Summary of credit risk profile of the Company's loan portfolio based on rating category
Total Loans

Loans and Allowance for Loan 30

Loans and Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Summary of loan portfolio aging analysis
Total Past Due	$ 6,476	$ 7,074
Current	534,371	509,418
Total Loans Receivable	540,847	516,492
30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	159	3,863
60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	3,761	100
Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	2,556	3,111
Commercial & Industrial [Member]
Summary of loan portfolio aging analysis
Total Past Due	453	987
Current	83,246	87,498
Total Loans Receivable	$ 83,699	$ 88,485
Commercial & Industrial [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Commercial & Industrial [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Commercial & Industrial [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	$ 453	$ 987
Commercial RE & Construction [Member]
Summary of loan portfolio aging analysis
Total Past Due	5,404	5,407
Current	225,845	211,623
Total Loans Receivable	$ 231,249	217,030
Commercial RE & Construction [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due		$ 3,660
Commercial RE & Construction [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	$ 3,616
Commercial RE & Construction [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	$ 1,788	$ 1,747
Agricultural & Farmland [Member]
Summary of loan portfolio aging analysis
Total Past Due
Current	$ 46,102	$ 46,217
Total Loans Receivable	$ 46,102	$ 46,217
Agricultural & Farmland [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Agricultural & Farmland [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due
Agricultural & Farmland [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due
Residential Real Estate [Member]
Summary of loan portfolio aging analysis
Total Past Due	$ 480	$ 560
Current	126,360	112,654
Total Loans Receivable	126,840	113,214
Residential Real Estate [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	101	164
Residential Real Estate [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	64	19
Residential Real Estate [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due	315	377
Consumer & Other [Member]
Summary of loan portfolio aging analysis
Total Past Due	139	120
Current	52,818	51,426
Total Loans Receivable	52,957	51,546
Consumer & Other [Member] | 30 to 59 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	58	39
Consumer & Other [Member] | 60 to 89 Days Past Due [Member]
Summary of loan portfolio aging analysis
Total Past Due	$ 81	$ 81
Consumer & Other [Member] | Greater Than 90 Days [Member]
Summary of loan portfolio aging analysis
Total Past Due

Loans and Allowance for Loan 31

Loans and Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Commercial & Industrial [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	$ 316		$ 316		$ 316
With no related allowance recorded, Unpaid Principal Balance	316		316		316
With no related allowance recorded, Average Recorded Investment	$ 316	$ 316	$ 316	$ 316
With no related allowance recorded, Interest Income Recognized
With a specific allowance recorded, Recorded Investment	$ 19		$ 19		952
With a specific allowance recorded, Unpaid Principal Balance	919		919		1,552
With a specific allowance recorded, Related Allowance	19		19		510
With a specific allowance recorded, Average Recorded Investment	$ 1,080	$ 1,578	$ 1,128	$ 1,622
With a specific allowance recorded, Interest Income Recognized
Total Recorded Investment	$ 335		$ 335		1,268
Total Unpaid Principal Balance	1,235		1,235		1,868
Total Related Allowance	19		19		510
Total Average Recorded Investment	$ 1,396	$ 1,894	$ 1,444	$ 1,938
Total Interest Income Recognized
Commercial RE & Construction [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	$ 704		$ 704		530
With no related allowance recorded, Unpaid Principal Balance	704		704		530
With no related allowance recorded, Average Recorded Investment	797	$ 566	830	$ 578
With no related allowance recorded, Interest Income Recognized	6		25
With a specific allowance recorded, Recorded Investment	4,949		4,949		1,505
With a specific allowance recorded, Unpaid Principal Balance	5,199		5,199		1,505
With a specific allowance recorded, Related Allowance	1,920		1,920		1,018
With a specific allowance recorded, Average Recorded Investment	1,954	$ 182	2,022	$ 185
With a specific allowance recorded, Interest Income Recognized	3	2	13	8
Total Recorded Investment	5,653		5,653		2,035
Total Unpaid Principal Balance	5,903		5,903		2,035
Total Related Allowance	1,920		1,920		$ 1,018
Total Average Recorded Investment	2,751	748	2,852	763
Total Interest Income Recognized	$ 9	$ 2	$ 38	$ 8
Agricultural & Farmland [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment
With no related allowance recorded, Unpaid Principal Balance
With no related allowance recorded, Average Recorded Investment
With no related allowance recorded, Interest Income Recognized
With a specific allowance recorded, Recorded Investment
With a specific allowance recorded, Unpaid Principal Balance
With a specific allowance recorded, Related Allowance
With a specific allowance recorded, Average Recorded Investment
With a specific allowance recorded, Interest Income Recognized
Total Recorded Investment
Total Unpaid Principal Balance
Total Related Allowance
Total Average Recorded Investment
Total Interest Income Recognized
Residential Real Estate [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	$ 673		$ 673		$ 567
With no related allowance recorded, Unpaid Principal Balance	716		716		611
With no related allowance recorded, Average Recorded Investment	859	$ 808	865	$ 813
With no related allowance recorded, Interest Income Recognized	8	14	38	41
With a specific allowance recorded, Recorded Investment	1,025		1,025		1,080
With a specific allowance recorded, Unpaid Principal Balance	1,025		1,025		1,080
With a specific allowance recorded, Related Allowance	170		170		242
With a specific allowance recorded, Average Recorded Investment	1,080	1,020	1,088	1,026
With a specific allowance recorded, Interest Income Recognized	10	8	33	29
Total Recorded Investment	1,698		1,698		1,647
Total Unpaid Principal Balance	1,741		1,741		1,691
Total Related Allowance	170		170		242
Total Average Recorded Investment	1,939	1,828	1,953	1,839
Total Interest Income Recognized	18	22	71	70
Consumer & Other [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	114		114		110
With no related allowance recorded, Unpaid Principal Balance	114		114		110
With no related allowance recorded, Average Recorded Investment	125	115	129	120
With no related allowance recorded, Interest Income Recognized	3	3	7	8
With a specific allowance recorded, Recorded Investment	337		337		371
With a specific allowance recorded, Unpaid Principal Balance	337		337		371
With a specific allowance recorded, Related Allowance	38		38		41
With a specific allowance recorded, Average Recorded Investment	362	446	367	452
With a specific allowance recorded, Interest Income Recognized	5	6	17	18
Total Recorded Investment	451		451		481
Total Unpaid Principal Balance	451		451		481
Total Related Allowance	38		38		41
Total Average Recorded Investment	487	561	496	572
Total Interest Income Recognized	8	9	24	26
All Impaired Loans less than $100,000 [Member]
Summary of Impaired loan activity
With no related allowance recorded, Recorded Investment	344		344		565
With no related allowance recorded, Unpaid Principal Balance	344		344		565
With no related allowance recorded, Average Recorded Investment	$ 344	$ 660	$ 344	$ 660
With no related allowance recorded, Interest Income Recognized
Total Recorded Investment	$ 344		$ 344		565
Total Unpaid Principal Balance	$ 344		$ 344		$ 565
Total Related Allowance
Total Average Recorded Investment	$ 344	$ 660	$ 344	$ 660
Total Interest Income Recognized

Loans and Allowance for Loan 32

Loans and Allowance for Loan Losses (Details 5) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)Loan	Sep. 30, 2014USD ($)Loan	Sep. 30, 2015USD ($)Loan	Sep. 30, 2014USD ($)Loan
Summary of newly restructured loans by type of modification
Number of Loans | Loan			1
Pre-Modification Recorded Balance			$ 24
Post-Modification Recorded Balance			$ 24
Interest Only
Term	$ 24		$ 24
Combination
Total Modification	$ 24		$ 24
Residential Real Estate [Member]
Summary of newly restructured loans by type of modification
Number of Loans | Loan			1
Pre-Modification Recorded Balance			$ 24
Post-Modification Recorded Balance			$ 24
Interest Only
Term	$ 24		$ 24
Combination
Total Modification	$ 24		$ 24
Consumer & Other [Member]
Summary of newly restructured loans by type of modification
Number of Loans | Loan
Pre-Modification Recorded Balance
Post-Modification Recorded Balance
Interest Only
Term
Combination
Total Modification

Loans and Allowance for Loan 33

Loans and Allowance for Loan Losses (Details 6) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	4
Recorded Balance	$ 67
Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | Contract	4
Recorded Balance	$ 67

Loans and Allowance for Loan 34

Loans and Allowance for Loan Losses (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Loans and Allowance for Loan Losses (Textual)
Principal amount outstanding of loans held-in-portfolio	$ 100		$ 100
Impaired loans which included in groups of homogenous loans			Impaired loans less than $100,000 are included in groups of homogenous loans.
Increase in allowance for loan and lease losses	$ 0	$ 0	$ 0	$ 0

Derivative Financial Instrume35

Derivative Financial Instruments (Details) - Derivatives not designated as hedging instruments [Member] - Interest rate contracts [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other Assets [Member]
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet
Asset Derivatives	$ 651	$ 273
Other Liabilities [Member]
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet
Liability Derivatives	$ 651	$ 273

Derivative Financial Instrume36

Derivative Financial Instruments (Details Textual) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Derivative Financial Instruments (Textual)
Notional amount of customer-facing swaps	$ 17.2	$ 12.6
Cash as collateral	$ 0.7	$ 0.4

Fair Value of Assets and Liab37

Fair Value of Assets and Liabilities (Details) - Available-For-Sale Securities [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
U.S. Treasury and Government Agencies [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	$ 11,307	$ 15,307
Mortgage-backed securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	65,641	50,740
State and political subdivisions [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	18,511	19,170
Equity securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	23	23
Interest rate contracts - assets [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	651	273
Interest rate contracts - liabilities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	$ (651)	$ (273)
Level 1 [Member] | U.S. Treasury and Government Agencies [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 1 [Member] | Mortgage-backed securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 1 [Member] | State and political subdivisions [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 1 [Member] | Equity securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 1 [Member] | Interest rate contracts - assets [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 1 [Member] | Interest rate contracts - liabilities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 2 [Member] | U.S. Treasury and Government Agencies [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	$ 11,307	$ 15,307
Level 2 [Member] | Mortgage-backed securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	65,641	50,740
Level 2 [Member] | State and political subdivisions [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	18,511	19,170
Level 2 [Member] | Equity securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	23	23
Level 2 [Member] | Interest rate contracts - assets [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	651	273
Level 2 [Member] | Interest rate contracts - liabilities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring	$ (651)	$ (273)
Level 3 [Member] | U.S. Treasury and Government Agencies [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 3 [Member] | Mortgage-backed securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 3 [Member] | State and political subdivisions [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 3 [Member] | Equity securities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 3 [Member] | Interest rate contracts - assets [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring
Level 3 [Member] | Interest rate contracts - liabilities [Member]
Summary of fair value measurements of assets measured at fair value on a recurring basis
Assets, Fair value, Recurring

Fair Value of Assets and Liab38

Fair Value of Assets and Liabilities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Impaired Loans [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring	$ 5,187	$ 2,538
Impaired Loans [Member] | Level 1 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring
Impaired Loans [Member] | Level 2 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring
Impaired Loans [Member] | Level 3 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring	$ 5,187	$ 2,538
Mortgage Servicing Rights [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring	$ 2,622	$ 3,037
Mortgage Servicing Rights [Member] | Level 1 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring
Mortgage Servicing Rights [Member] | Level 2 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring
Mortgage Servicing Rights [Member] | Level 3 [Member]
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
Assets, Fair value, Nonrecurring	$ 2,622	$ 3,037

Fair Value of Assets and Liab39

Fair Value of Assets and Liabilities (Details 2) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Collateral-dependent impaired loans [Member] | Comparability adjustments (%) [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 5,187	$ 2,538
Fair Value Measurements, Valuation Technique	Market comparable properties	Market comparable properties
Fair Value Measurements, Unobservable Inputs	Comparability adjustments (%)	Comparability adjustments (%)
Mortgage servicing rights [Member] | Discount Rate [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 2,622	$ 3,037
Fair Value Measurements, Valuation Technique	Discounted cash flow	Discounted cash flow
Fair Value Measurements, Unobservable Inputs	Discount Rate	Discount Rate
Fair Value Measurements, Range (Weighted Average)	9.50%	9.50%
Mortgage servicing rights [Member] | Constant prepayment rate [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Unobservable Inputs	Constant prepayment rate	Constant prepayment rate
Fair Value Measurements, Range (Weighted Average)	10.30%	10.30%
Mortgage servicing rights [Member] | P&I earnings credit [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Unobservable Inputs	P&l earnings credit	P&l earnings credit
Fair Value Measurements, Range (Weighted Average)	0.20%	0.17%
Mortgage servicing rights [Member] | T&I earnings credit [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Unobservable Inputs	T&l earnings credit	T&l earnings credit
Fair Value Measurements, Range (Weighted Average)	1.67%	1.75%
Mortgage servicing rights [Member] | Inflation for cost of servicing [Member]
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements
Fair Value Measurements, Unobservable Inputs	Inflation for cost of servicing	Inflation for cost of servicing
Fair Value Measurements, Range (Weighted Average)	1.50%	1.50%

Fair Value of Assets and Liab40

Fair Value of Assets and Liabilities (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Financial assets
Cash and cash equivalents	$ 18,372	$ 28,197	$ 21,870	$ 13,137
Loans held for sale	8,517	5,168
Loans, net of allowance for loan losses	533,813	509,565
Federal Reserve and FHLB Bank stock	3,748	3,748
Mortgage Servicing Rights	6,798	5,704
Accrued interest receivable	1,817	1,346
Financial liabilities
Deposits	573,568	550,906
FHLB Advances	30,000	30,000
Short-term borrowings	16,911	12,740
Trust preferred securities	10,310	10,310
Accrued interest payable	341	264
Level 1 [Member]
Financial assets
Cash and cash equivalents	$ 18,372	$ 28,197
Loans held for sale
Loans, net of allowance for loan losses
Federal Reserve and FHLB Bank stock
Mortgage Servicing Rights
Accrued interest receivable
Financial liabilities
Deposits	$ 102,460	$ 97,853
FHLB Advances
Short-term borrowings
Trust preferred securities
Accrued interest payable
Level 2 [Member]
Financial assets
Cash and cash equivalents
Loans held for sale	$ 8,740	$ 5,315
Loans, net of allowance for loan losses
Federal Reserve and FHLB Bank stock	$ 3,748	$ 3,748
Mortgage Servicing Rights
Accrued interest receivable	$ 1,817	$ 1,346
Financial liabilities
Deposits	473,331	455,383
FHLB Advances	30,146	29,907
Short-term borrowings	16,911	12,740
Trust preferred securities	7,693	7,206
Accrued interest payable	$ 341	$ 264
Level 3 [Member]
Financial assets
Cash and cash equivalents
Loans held for sale
Loans, net of allowance for loan losses	$ 536,312	$ 510,314
Federal Reserve and FHLB Bank stock
Mortgage Servicing Rights	$ 7,420	$ 6,358
Accrued interest receivable
Financial liabilities
Deposits
FHLB Advances
Short-term borrowings
Trust preferred securities
Accrued interest payable

Preferred Capital Offering (Det

Preferred Capital Offering (Details) - Series A Preferred Stock [Member] - USD ($)	1 Months Ended	9 Months Ended
	Dec. 23, 2014	Sep. 30, 2015
Preferred Capital Offering (Textual)
Liquidation preference per share	$ 1,000
Share price	$ 10
Description of preferred capital offering	The Company completed its public offering of 1,500,000 depository shares, each representing a 1/100th ownership interest in a 6.50 percent Noncumulative Convertible Preferred Share, Series A.
Proceeds from issuance of Series A preferred stock	$ 13,983,000
Percentage of dividend rate of noncumulative convertible preferred share	6.50%
Depository shares issued, value	$ 15,000,000
Depository shares issued, shares	1,500,000
Conversion of stock, value converted		$ 1,000
Conversion price		$ 10.34
Preferred stock, conversion basis		On or after the fifth anniversary of the issue date of the Series A Preferred Shares (December 23, 2019), the Company may require all holders of Series A Preferred Shares (and, therefore, depository shares) to convert their shares into common shares of the Company, provided the Company's common share price exceeds 120 percent of the conversion price noted above.
Conversion of outstanding Series A preferred shares		1,450,677