Cortland Bancorp (CLDB) 10-K 24 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 14, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	CORTLAND BANCORP INC
Entity Central Index Key	774,569
Document Type	10-K
Trading Symbol	CLDB
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 58,364,246
Entity Common Stock, Shares Outstanding		4,404,783

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 8,454	$ 6,588
Interest-earning deposits	10,042	3,981
Total cash and cash equivalents	18,496	10,569
Investment securities available-for-sale (Note 2)	153,901	162,247
Trading securities (Note 2)	8,134	7,861
Loans held for sale	4,033	632
Total loans (Note 3)	394,254	360,185
Less allowance for loan losses (Note 3)	(5,194)	(5,202)
Net loans	389,060	354,983
Premises and equipment	9,190	7,697
Bank-owned life insurance	17,328	16,990
Other assets	12,301	7,953
Total assets	612,443	568,932
LIABILITIES
Noninterest-bearing deposits	108,144	94,731
Interest-bearing deposits (Note 5)	388,260	362,030
Total deposits	496,404	456,761
Short-term borrowings	2,499	4,259
Federal Home Loan Bank advances - short term (Note 6)	17,000	15,500
Federal Home Loan Bank advances - long term (Note 6)	25,000	25,000
Subordinated debt (Note 7)	5,155	5,155
Other liabilities	9,701	6,405
Total liabilities	555,759	513,080
SHAREHOLDERS’ EQUITY
Common stock - $5.00 stated value - authorized 20,000,000 shares; issued 4,728,267 shares in 2015 and 2014; outstanding shares, 4,404,783 in 2015 and 4,527,848 in 2014	23,641	23,641
Additional paid-in capital	20,833	20,833
Retained earnings	17,851	14,555
Accumulated other comprehensive (loss) income	(238)	376
Treasury stock, at cost, 323,484 shares in 2015 and 200,419 shares in 2014	(5,403)	(3,553)
Total shareholders’ equity	56,684	55,852
Total liabilities and shareholders’ equity	$ 612,443	$ 568,932

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Common stock, shares authorized	20,000,000	20,000,000
Common stock, stated value	$ 5	$ 5
Common stock, shares issued	4,728,267	4,728,267
Common stock, shares outstanding	4,404,783	4,527,848
Treasury stock, shares	323,484	200,419

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
INTEREST INCOME
Interest and fees on loans	$ 16,909	$ 16,120	$ 15,993
Interest and dividends on investment securities:
Taxable interest	2,343	2,677	2,498
Nontaxable interest	1,716	1,721	1,408
Dividends	126	126	131
Other interest income	19	21	30
Total interest income	21,113	20,665	20,060
INTEREST EXPENSE
Deposits	1,668	1,694	2,102
Other short-term borrowings	4	3	3
Federal Home Loan Bank advances - short term	40	156	7
Federal Home Loan Bank advances - long term	804	943	1,202
Subordinated debt	91	88	90
Total interest expense	2,607	2,884	3,404
Net interest income	18,506	17,781	16,656
PROVISION FOR LOAN LOSSES (Note 3)	455	1,638	650
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	18,051	16,143	16,006
NON-INTEREST INCOME
Fees for customer services	2,027	2,007	1,935
Investment securities available-for-sale gains, net	75	588	535
Trading security (losses) gains, net	(11)	327	185
Impairment losses on investment securities:
Total other-than-temporary impairment losses			1,641
Portion of gains recognized in other comprehensive income (before tax)			(3,595)
Net impairment losses recognized in earnings			(1,954)
Mortgage banking gains, net	785	440	1,491
Earnings on bank-owned life insurance	338	336	324
Wealth management income	435	313	218
Other non-interest income	260	116	11
Total non-interest income	3,909	4,127	2,745
NON-INTEREST EXPENSES
Salaries and employee benefits	9,311	9,147	9,844
Net occupancy and equipment expense	2,019	1,912	1,896
State and local taxes	389	341	555
FDIC insurance expense	304	309	391
Professional fees	830	815	806
Advertising and marketing expenses	454	277	240
Other operating expenses	3,056	2,698	3,147
Total non-interest expenses	16,363	15,499	16,879
INCOME BEFORE FEDERAL INCOME TAX EXPENSE	5,597	4,771	1,872
Federal income tax expense (Note 10)	1,219	902	88
NET INCOME	$ 4,378	$ 3,869	$ 1,784
EARNINGS PER SHARE (Note 1)	$ 0.97	$ 0.85	$ 0.39
CASH DIVIDENDS DECLARED PER SHARE	$ 0.24	$ 0.18	$ 0.12

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 4,378	$ 3,869	$ 1,784
Securities available for sale:
Unrealized holding (losses) gains on available-for-sale securities	(692)	5,465	(3,166)
Tax effect	235	(1,858)	1,076
Reclassification adjustment for other-than-temporary impairment losses on debt securities			1,954
Tax effect			(664)
Reclassification adjustment for net gains realized in net income	(75)	(588)	(535)
Tax effect	26	200	182
Total securities available-for-sale	(506)	3,219	(1,153)
Change in post-retirement obligations	(108)	45	(28)
Total other comprehensive (loss) income	(614)	3,264	(1,181)
Total comprehensive income	$ 3,764	$ 7,133	$ 603

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock
Beginning balance at Dec. 31, 2012	$ 49,452	$ 23,641	$ 20,850	$ 10,262	$ (1,707)	$ (3,594)
Net income	1,784			1,784
Other comprehensive income (loss), net of tax	(1,181)				(1,181)
Cash dividend declared ($0.12 per share in 2013 $0.18 per share in 2014 $0.24 per share in 2015)	(544)			(544)
Treasury shares reissued (2,333 shares)	24		(17)			41
Ending balance at Dec. 31, 2013	49,535	23,641	20,833	11,502	(2,888)	(3,553)
Net income	3,869			3,869
Other comprehensive income (loss), net of tax	3,264				3,264
Cash dividend declared ($0.12 per share in 2013 $0.18 per share in 2014 $0.24 per share in 2015)	(816)			(816)
Ending balance at Dec. 31, 2014	55,852	23,641	20,833	14,555	376	(3,553)
Net income	4,378			4,378
Other comprehensive income (loss), net of tax	(614)				(614)
Cash dividend declared ($0.12 per share in 2013 $0.18 per share in 2014 $0.24 per share in 2015)	(1,082)			(1,082)
Treasury shares purchased net of 1share reissued (123,065 shares)	(1,850)					(1,850)
Ending balance at Dec. 31, 2015	$ 56,684	$ 23,641	$ 20,833	$ 17,851	$ (238)	$ (5,403)

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2013
Statement Consolidated Statements Of Changes In Shareholders Equity Parenthetical Unaudited [Abstract]
Cash dividend declared per share	$ 0.24	$ 0.12
Treasury shares reissued shares	1	2,333
Treasury shares purchased shares, net of reissued	123,065

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net cash flow from operating activities
Net income	$ 4,378	$ 3,869	$ 1,784
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation, amortization and accretion	2,534	2,465	3,221
Provision for loan losses	455	1,638	650
Investment securities available-for-sale gains, net	(75)	(588)	(535)
Net impairment losses recognized in earnings			1,954
Other real estate (gains) losses, net		(9)	25
Originations of mortgage banking loans held for sale	(39,191)	(18,443)	(249,714)
Proceeds from the sale of mortgage banking loans	36,575	18,907	275,305
Mortgage banking gains, net	(785)	(440)	(1,491)
Increase in trading account	(273)	(614)	(7,247)
Earnings on bank-owned life insurance	(338)	(336)	(324)
Changes in:
Interest receivable	83	(48)	90
Interest payable	7	(42)	(69)
Deferred taxes	303	451	96
Prepaid FDIC assessment			1,187
Federal income tax receivable	(260)	982	667
Other assets and liabilities	(2,026)	(586)	1,301
Net cash flow from operating activities	1,387	7,206	26,900
Cash deficit from investing activities
Purchases of available-for-sale securities	(29,055)	(52,515)	(50,377)
Proceeds from sale of available-for-sale securities	12,291	32,733	29,338
Proceeds from call, maturity and principal payments on available-for-sale securities	23,708	22,137	39,126
Net increase in loans made to customers	(34,594)	(13,649)	(30,496)
Proceeds from sale of other real estate	41	99	321
Proceeds from sale of premises and equipment			14
Purchases of bank-owned life insurance		(1,605)	(714)
Purchases of premises and equipment	(2,302)	(1,864)	(894)
Net cash deficit from investing activities	(29,911)	(14,664)	(13,682)
Cash flow (deficit) from financing activities
Net increase (decrease) in deposit accounts	39,643	8,092	(28,232)
Net change in short-term borrowings	(1,760)	455	(247)
Net change in Federal Home Loan Bank advances - short term	1,500	7,400	3,100
Proceeds from Federal Home Loan Bank advances - long term	4,000	3,000
Repayments of Federal Home Loan Bank advances - long term	(4,000)	(12,500)	(2,500)
Dividends paid	(1,082)	(816)	(544)
Treasury shares (purchased) sold, net	(1,850)		24
Net cash flow (deficit) from financing activities	36,451	5,631	(28,399)
Net change in cash and cash equivalents	7,927	(1,827)	(15,181)
Cash and cash equivalents
Beginning of period	10,569	12,396	27,577
End of period	18,496	10,569	12,396
Cash paid during the period for:
Income taxes	1,010	320
Interest	2,600	2,926	3,473
Transfer of loans to other real estate owned	$ 62	$ 97	$ 234

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting and financial reporting policies of Cortland Bancorp (the Company), and its bank subsidiary, The Cortland Savings and Banking Company (the Bank), reflect banking industry practices and conform to U.S. generally accepted accounting principles. A summary of the significant accounting policies followed by the Company in the preparation of the accompanying consolidated financial statements is set forth below. Principles of Consolidation Industry Segment Information Use of Estimates Cash Flow Investment Securities Available-for-sale securities are carried at fair value with unrealized gains and losses recorded as a separate component of shareholders’ equity, net of tax. Realized gains or losses on dispositions are based on net proceeds and the adjusted carrying amount of securities sold, using the specific identification method. Interest income includes amortization of purchase premium or discount and is amortized on the level-yield method without anticipating payments, except for U.S. Government mortgage-backed and related securities where twelve months of historical prepayments are taken into consideration. Trading securities are carried at fair value with valuation adjustments included in non-interest income. Other-than-Temporary Investment Security Impairment Loans Loans Held for Sale Allowance for Loan Losses (ALLL) and Allowance for Losses on Lending Related Commitments Estimating the risk of loss and the amount of loss on any loan is necessarily subjective. Accordingly, the allowance is maintained by management at a level considered adequate to cover possible losses that are currently anticipated. Estimates of credit losses should reflect consideration of all significant factors that affect collectability of the portfolio. While historical loss experience provides a reasonable starting point, historical losses, or even recent trends in losses are not, by themselves, a sufficient basis to determine the appropriate level for the ALLL. Management will also consider any factors that are likely to cause estimated credit losses associated with the Bank’s current portfolio to differ from historical loss experience. Factors include, but are not limited to, changes in lending policies and procedures, including underwriting standards and collection, charge-offs, and recovery practices; changes in economic trends; changes in the nature and volume of the portfolio; changes in the experience and ability of lending management and the depth of staff; changes in the trend, volume and severity of past-due and classified loans, and trends in the volume of non-accrual loans; the existence and effect of any concentrations of credit and changes in the level of such concentrations; levels and trends in classification; declining trends in performance; structure and lack of performance measures and migration between risk classifications. Key risk factors and assumptions are updated to reflect actual experience and changing circumstances. While management may periodically allocate portions of the ALLL for specific problem loans, the entire ALLL is available for any charge-offs that occur. Certain collateral dependent loans are evaluated individually for impairment, based on management’s best estimate of discounted cash repayments and the anticipated proceeds from liquidating collateral. The actual timing and amount of repayments and the ultimate realizable value of the collateral may differ from management’s estimates. The expected loss for certain other commercial credits utilizes internal risk ratings. These loss estimates are sensitive to changes in the customer’s risk profile, the realizable value of collateral, other risk factors and the related loss experience of other credits of similar risk. Consumer credits generally employ statistical loss factors, adjusted for other risk indicators, applied to pools of similar loans stratified by asset type. These loss estimates are sensitive to changes in delinquency status and shifts in the aggregate risk profile. The Company maintains an allowance for losses on unfunded commercial lending commitments to provide for the risk of loss inherent in these arrangements. The allowance is computed using a methodology similar to that used to determine the allowance for loan losses. This allowance is reported as a liability on the Consolidated Balance Sheets within other liabilities, while the corresponding provision for these losses is recorded as a component of other operating expense. Loan Charge-off Policies Troubled Debt Restructurings (TDR) Premises and Equipment Other Real Estate Cash Surrender Value of Life Insurance Endorsement Split-Dollar Life Insurance Arrangement Derivative Instruments and Hedging Activities Advertising and Marketing Income Taxes Other Comprehensive (Loss) Income Per Share Amounts The following table sets forth the computation of basic earnings per common share: Years ended December 31, 2015 2014 2013 Net income (amounts in thousands) $ 4,378 $ 3,869 $ 1,784 Weighted average common shares outstanding 4,497,825 4,527,848 4,527,350 Earnings per share $ 0.97 $ 0.85 $ 0.39 Off-Balance Sheet Financial Instruments Reclassifications Authoritative Accounting Guidance In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. . In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target Could Be Achieved After the Requisite Service Period In August 2014, the FASB issued ASU 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements -Going Concern (Subtopic In November 2014, the FASB issued ASU 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). In November 2014, the FASB issued ASU 2014-17, Business Combinations (Topic 805): Pushdown Accounting. In January 2015, the FASB issued ASU 2015-01, Income Statement –Extraordinary and Unusual Items, In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) In April 2015, the FASB issued ASU 2015-04, Compensation-Retirement Benefits (Topic 715), In April 2015, the FASB issued ASU 2015-06, Earnings Per Share (Topic 260): Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions. Earnings Per Share Application of the Two-Class Method Under FASB Statement No. 128 to Master Limited Partnerships In May 2015, the FASB issued ASU 2015-08 , Business Combinations – Pushdown Accounting – Amendment to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. The Company is evaluating the effect of adopting this new accounting Update. In August 2015, the FASB issued ASU 2015-15, Interest – Imputation of Interest (Subtopic 835-30): Presentation And Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements - Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting 015 Emerging Issues Task Force meeting about the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. This Update is not expected to have a significant impact on the Company’s financial statements. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805). fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. This Update is not expected to have a significant impact on the Company’s financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes This Update is not expected to have a significant impact on the Company’s financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities This Update is not expected to have a significant impact on the Company’s financial statements.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2015
Investments Debt And Equity Securities [Abstract]
Investment Securities	NOTE 2 - INVESTMENT SECURITIES The following is a summary of investment securities available-for-sale: (Amounts in thousands) December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies and corporations $ 12,555 $ 136 $ 68 $ 12,623 Obligations of states and political subdivisions 50,139 1,386 120 51,405 U.S. Government-sponsored mortgage-backed securities 70,193 165 679 69,679 U.S. Government-sponsored collateralized mortgage obligations 13,665 — 135 13,530 U.S. Government-guaranteed small business administration pools 2,883 — 46 2,837 Trust preferred securities 1,640 — 862 778 Total debt securities 151,075 1,687 1,910 150,852 Federal Home Loan Bank (FHLB) stock 2,823 — — 2,823 Federal Reserve Bank (FRB) stock 226 — — 226 Total regulatory stock 3,049 — — 3,049 Total investment securities available-for-sale $ 154,124 $ 1,687 $ 1,910 $ 153,901 (Amounts in thousands) December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities $ 100 $ 1 $ — $ 101 U.S. Government agencies and corporations 8,640 88 80 8,648 Obligations of states and political subdivisions 48,547 1,667 123 50,091 U.S. Government-sponsored mortgage-backed securities 85,675 353 441 85,587 U.S. Government-sponsored collateralized mortgage obligations 14,030 26 64 13,992 Trust preferred securities 1,662 — 883 779 Total debt securities 158,654 2,135 1,591 159,198 Federal Home Loan Bank (FHLB) stock 2,823 — — 2,823 Federal Reserve Bank (FRB) stock 226 — — 226 Total regulatory stock 3,049 — — 3,049 Total investment securities available-for-sale $ 161,703 $ 2,135 $ 1,591 $ 162,247 The regulatory stock is carried at cost (its redeemable value) and the Company is required to hold such investments as a condition of membership in order to transact business with the FHLB of Cincinnati and the FRB. The Bank is required to maintain a minimum investment in stock of the FHLB and FRB. The stock is bought from and sold based upon its par value. The stock cannot be traded or sold in any market and as such is classified as restricted stock, carried at cost (its redeemable value) and evaluated by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) the significance of the decline in net assets of the FHLB and FRB as compared to the capital stock amount and the length of time this situation has persisted, (b) commitments by the FHLB and FRB to make payments required by law or regulation and the level of such payments in relation to the operating performance, (c) the impact of legislative and regulatory changes on the customer base of the FHLB and FRB and (d) the liquidity position of the FHLB and FRB. The Company does not consider these investments to be other-than-temporarily impaired at December 31, 2015. Trading securities are an investment in obligations of states and political subdivisions, short-term government bonds and include cash equivalent investments for trading liquidity. At December 31, 2015, trading securities were $8.1 million and at December 31, 2014 trading securities were $7.9 million. Both realized and unrealized gains and losses are included in the Consolidated Statement of Income. (Amounts in thousands) 2015 2014 2013 Unrealized gains $ 7 $ 39 $ 52 Unrealized losses (3 ) (4 ) (3 ) Net unrealized gains 4 35 49 Net realized (losses) gains (15 ) 292 136 Trading securities (losses) gains, net $ (11 ) $ 327 $ 185 The amortized cost and fair value of debt securities at December 31, 2015, by contractual maturity, are shown below. Actual maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. (Amounts in thousands) Amortized Cost Fair Value Due in one year or less $ — $ — Due after one year through five years 4,022 4,165 Due after five years through ten years 21,834 22,234 Due after ten years 41,361 41,244 Total 67,217 67,643 U.S. Government-sponsored mortgage-backed and related securities 83,858 83,209 Total debt securities $ 151,075 $ 150,852 The following table sets forth the proceeds, gains and losses realized on securities sold or called for each of the years ended December 31: (Amounts in thousands) 2015 2014 2013 Proceeds on securities sold $ 12,291 $ 32,733 $ 29,338 Gross realized gains 135 1,170 658 Gross realized losses 60 582 123 Investment securities with a carrying value of approximately $108.2 million at December 31, 2015 and $116.6 million at December 31, 2014 were pledged to secure deposits and for other purposes. The remaining securities provide an adequate level of liquidity. The following is a summary of the fair value of securities with unrealized losses and an aging of those unrealized losses at December 31, 2015: (Amounts in thousands) Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies and corporations $ 1,974 $ 25 $ 1,947 $ 43 $ 3,921 $ 68 Obligations of states and political subdivisions 5,439 61 2,125 59 7,564 120 U.S. Government-sponsored mortgage-backed securities 35,081 315 16,575 364 51,656 679 U.S. Government-sponsored collateralized mortgage obligations 13,530 135 — — 13,530 135 U.S. Government-guaranteed small business administration pools 2,837 46 — — 2,837 46 Trust preferred securities — — 778 862 778 862 Total $ 58,861 $ 582 $ 21,425 $ 1,328 $ 80,286 $ 1,910 The above table represents 34 investment securities where the fair value is less than the related amortized cost. The following is a summary of the fair value of securities with unrealized losses and an aging of those unrealized losses at December 31, 2014: (Amounts in thousands) Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies and corporations $ 335 $ 2 $ 1,910 $ 78 $ 2,245 $ 80 Obligations of states and political subdivisions 2,456 18 4,159 105 6,615 123 U.S. Government-sponsored mortgage-backed securities 14,460 33 31,550 408 46,010 441 U.S. Government-sponsored collateralized mortgage obligations 2,273 30 3,145 34 5,418 64 Trust preferred securities — — 779 883 779 883 Total $ 19,524 $ 83 $ 41,543 $ 1,508 $ 61,067 $ 1,591 The above table represents 37 investment securities where the current value is less than the related amortized cost. The trust preferred securities with an unrealized loss represent pools of trust preferred debt issued primarily by bank holding companies. The unrealized losses on the Company’s investment in U.S. Government-sponsored-mortgage-backed securities, U.S. Government-sponsored collateralized mortgage obligations, obligations of states and political subdivisions and U.S. Government agencies and corporations were caused by changes in market rates and related spreads. It is expected that the securities would not be settled at less than the amortized cost of the Company’s investment because the decline in fair value is attributable to changes in interest rates and relative spreads and not credit quality. Also, except for the securities described below, the Company does not intend to sell those investments and it is not more-likely-than-not that the Company will be required to sell the investments before recovery of its amortized cost basis less any current period credit loss. The Company does not consider these investments to be other-than-temporarily impaired at December 31, 2015. Securities Deemed to be Other-Than-Temporarily Impaired The Company reviews investment debt securities on an ongoing basis for the presence of other-than-temporary impairment (OTTI) with formal reviews performed quarterly. For debt securities in an unrealized loss position, management assesses whether (a) it has the intent to sell the debt security or (b) it is more-likely-than-not that it will be required to sell the debt security before its anticipated recovery. If either of these conditions is met, an OTTI on the security must be recognized. In instances in which a determination is made that a credit loss (defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis) exists but the entity does not intend to sell the debt security and it is not more-likely-than-not that the entity will be required to sell the debt security before the anticipated recovery of its remaining amortized cost basis (i.e., the amortized cost basis less any current-period credit loss), the Company presents the amount of the OTTI recognized in the Consolidated Statement of Income. In these instances, the impairment is separated into (a) the amount of the total impairment related to the credit loss, and (b) the amount of the total impairment related to all other factors. The amount of the total OTTI related to the credit loss is recognized in earnings. The amount of the total impairment related to all other factors is recognized in other comprehensive income. The total other-than-temporary impairment is presented in the Consolidated Statement of Income with an offset for the amount of the total other-than-temporary impairment that is recognized in other comprehensive income. As more fully disclosed in Note 11, the Company assessed the impairment of certain securities currently in an illiquid market. The Company records impairment credit losses in earnings (before tax) and non-credit impairment losses in other comprehensive (loss) income (before tax). Through the impairment assessment process, there was no impairment loss recognized in the years ended December 31, 2015 or 2014. The Company recorded impairment credit losses in earnings (before tax) and non-credit impairment losses in other comprehensive (loss) income (before tax) as indicated in the following table: (Amounts in thousands) December 31, 2015 2014 2013 Trust preferred securities: Net impairment losses recognized in earnings (before tax) $ — $ — $ 1,954 Impairment losses recognized in other comprehensive income (before tax) $ — $ — $ 3,595 The following provides a cumulative roll forward of credit losses recognized in earnings for trust preferred securities held for the years ended: (Amounts in thousands) December 31, 2015 2014 2013 Beginning balance $ 140 $ 2,305 $ 351 Reduction for debt securities for which other-than-temporary impairment has been previously recognized and there is no related other comprehensive income — — — Credit losses on debt securities for which other-than-temporary impairment has not been previously recognized — — 1,954 Additional credit losses on debt securities for which other-than-temporary impairment was previously recognized — — — Sale of debt securities (2,165 ) — Ending balance $ 140 $ 140 $ 2,305 In January 2014, the Company determined that its portfolio of insurance trust preferred collateralized debt obligations, commonly known as iTruPS securities, were considered disallowed investments under the final rule implementing Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker Rule, which was originally released jointly by five regulatory agencies on December 10, 2013, and further clarified with the release of the Interim Final Rule on January 14, 2014. The final rule requires banking entities to divest disallowed securities by July 21, 2015, unless, upon application, the Federal Reserve grants extensions to July 21, 2017. With the release of the Interim Final Rule on January 14, 2014, the joint agencies granted relief by permitting financial institutions to retain their interests in certain collateralized debt obligations, but limited that provision to those collateralized by issuances prior to May 2010 from bank or thrift holding companies with less than $15 billion in consolidated assets. The Interim Final Rule did not contain a provision for issuances by insurance companies, which comprises the various iTruPS securities owned by the Company. The disallowed iTruPS consisted of nine positions with an amortized cost of $10.5 million at December 31, 2013. Because the Company could no longer hold the securities until their anticipated recovery, an OTTI had to be recognized for the entire amount of unrealized loss as of December 31, 2013. The fair value of the iTruPS as determined by the discounted cash flow model used by the Company aggregated to $8.5 million. The resulting OTTI charge of approximately $2.0 million was included in the Consolidated Statements of Income in 2013. In February 2014, the Company completed the sale of all nine of the disallowed investments. At December 31, 2015 and December 31, 2014, there were $778,000 and $779,000, respectively, of investment securities considered to be in non-accrual status. This balance is comprised of two trust preferred securities at December 31, 2015. As a result of the delay in the collection of interest payments, management placed these securities in non-accrual status. Current estimates indicate that the interest payment delays may exceed ten years.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Loans and Allowance for Loan Losses	NOTE 3 - LOANS AND ALLOWANCE FOR LOAN LOSSES The Company, through the Bank, grants residential, consumer and commercial loans to customers located primarily in Northeastern Ohio and Western Pennsylvania. The following represents the composition of the loan portfolio for the period ending: (Amounts in thousands) December 31, 2015 2014 Balance % Balance % Commercial $ 84,613 21.5 $ 72,330 20.1 Commercial real estate 237,137 60.1 223,536 62.1 Residential real estate 45,414 11.5 38,875 10.8 Consumer - home equity 23,334 5.9 21,328 5.9 Consumer - other 3,756 1.0 4,116 1.1 Total loans $ 394,254 $ 360,185 Management has an established methodology to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses, the Company has segmented loans in the portfolio by product type. Loans are segmented into the following pools: commercial loans, commercial real estate loans, residential real estate loans and consumer loans. The Company also sub-segments the consumer loan portfolio into the following two classes: home equity loans and other consumer loans. Historical loss percentages for each risk category are calculated and used as the basis for calculating allowance allocations. These historical loss percentages are calculated over multiple periods for all portfolio segments. Management evaluates these results and utilizes the most reflective period in the calculation. Certain qualitative factors are then added to the historical allocation percentage to get the adjusted factor. These factors include, but are not limited to, the following: Factor Considered: Risk Trend: Levels of and trends in charge-offs, classifications and non-accruals Stable Trends in volume and terms Increasing Changes in lending policies and procedures Decreasing Experience, depth and ability of management Stable Economic trends Decreasing Concentrations of credit Increasing The following factors are analyzed and applied to loans internally graded with higher risk credit in addition to the above factors for non-classified loans: Factor Considered: Risk Trend: Levels and trends in classification Stable Declining trends in financial performance Stable Structure and lack of performance measures Stable Migration between risk categories Stable The provision charged to operations can be allocated to a loan segment either as a positive or negative value as a result of any material changes to: net charge-offs or recovery which influence the historical allocation percentage, qualitative risk factors or loan balances. The following is an analysis of changes in the allowance for loan losses for the periods ended: (Amounts in thousands) December 31, 2015 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 2,064 $ 2,754 $ 229 $ 60 $ 95 5,202 Loan charge-offs (470 ) (84 ) (45 ) — (124 ) (723 ) Recoveries 134 10 37 17 62 260 Net loan recoveries (charge-offs) (336 ) (74 ) (8 ) 17 (62 ) (463 ) Provision charged to operations 249 246 (68 ) (25 ) 53 455 Balance at end of period $ 1,977 $ 2,926 $ 153 $ 52 $ 86 $ 5,194 (Amounts in thousands) December 31, 2014 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 593 $ 2,638 $ 356 $ 88 $ 89 $ 3,764 Loan charge-offs (123 ) (186 ) (93 ) (48 ) (144 ) (594 ) Recoveries 274 3 16 24 77 394 Net loan recoveries (charge-offs) 151 (183 ) (77 ) (24 ) (67 ) (200 ) Provision charged to operations 1,320 299 (50 ) (4 ) 73 1,638 Balance at end of period $ 2,064 $ 2,754 $ 229 $ 60 $ 95 $ 5,202 (Amounts in thousands) December 31, 2013 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 639 $ 2,616 $ 343 $ 123 $ 104 $ 3,825 Loan charge-offs (1 ) (782 ) (81 ) (12 ) (146 ) (1,022 ) Recoveries 167 11 26 18 89 311 Net loan recoveries (charge-offs) 166 (771 ) (55 ) 6 (57 ) (711 ) Provision charged to operations (212 ) 793 68 (41 ) 42 650 Balance at end of period $ 593 $ 2,638 $ 356 $ 88 $ 89 $ 3,764 The total allowance reflects management’s estimate of loan losses inherent in the loan portfolio at the consolidated balance sheet date. The following tables present a full breakdown by portfolio segment, the changes in the allowance for loan losses and the recorded investment in loans for the periods ended December 31, 2015 and 2014: (Amounts in thousands) December 31, 2015 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 834 $ 178 $ — $ — $ — $ 1,012 Collectively evaluated for impairment 1,143 2,748 153 52 86 4,182 Total ending allowance balance $ 1,977 $ 2,926 $ 153 $ 52 $ 86 $ 5,194 Loan Portfolio: Individually evaluated for impairment $ 1,347 $ 8,465 $ — $ — $ — $ 9,812 Collectively evaluated for impairment 83,266 228,672 45,414 23,334 3,756 384,442 Total ending loan balance $ 84,613 $ 237,137 $ 45,414 $ 23,334 $ 3,756 $ 394,254 (Amounts in thousands) December 31, 2014 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 1,316 $ 148 $ — $ — $ — $ 1,464 Collectively evaluated for impairment 748 2,606 229 60 95 3,738 Total ending allowance balance $ 2,064 $ 2,754 $ 229 $ 60 $ 95 $ 5,202 Loan Portfolio: Individually evaluated for impairment $ 2,023 $ 5,729 $ — $ — $ — $ 7,752 Collectively evaluated for impairment 70,307 217,807 38,875 21,328 4,116 352,433 Total ending loan balance $ 72,330 $ 223,536 $ 38,875 $ 21,328 $ 4,116 $ 360,185 The decrease in the provision for the commercial category is primarily due to the large provision in 2014 relating to a single credit relationship, to which the majority of charge-offs in 2015 relate. The residential real estate decrease in provision is primarily due to a decrease in the historical factor used to produce the provision. The following tables represent credit exposures by internally assigned grades for years ended December 31, 2015 and 2014, respectively. The grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. The Company’s internal credit risk grading system is based on experiences with similarly graded loans. The Company’s internally assigned grades are as follows: — Pass – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Within this category, there are grades of exceptional, quality, acceptable and pass monitor. — Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. — Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. — Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset but with the severity which makes collection in full highly questionable and improbable, based on existing circumstances. — Loss – loans classified as a loss are considered uncollectible, or of such value that continuance as an asset is not warranted. This rating does not mean that the assets have no recovery or salvage value but rather that the assets should be charged off now, even though partial or full recovery may be possible in the future. The following is a summary of credit quality indicators by internally assigned grade as of December 31, 2015 and 2014. (Amounts in thousands) Commercial Commercial real estate December 31, 2015 Pass $ 77,095 $ 219,958 Special Mention 4,216 7,707 Substandard 3,302 9,472 Doubtful — — Ending Balance $ 84,613 $ 237,137 (Amounts in thousands) Commercial Commercial real estate December 31, 2014 Pass $ 65,339 $ 205,890 Special Mention 4,963 10,209 Substandard 2,028 7,437 Doubtful — — Ending Balance $ 72,330 $ 223,536 The Company evaluates the classification of consumer, home equity and residential loans primarily on a pooled basis. If the Company becomes aware that adverse or distressed conditions exist that may affect a particular loan, the loan is downgraded following the above definitions of special mention and substandard. Nonaccrual loans in these categories are evaluated for charge off or charge down, and the remaining balance has the same allowance factor as pooled loans. The following is a summary of consumer credit exposure as of December 31, 2015 and 2014. (Amounts in thousands) Residential real estate Consumer - home equity Consumer- other December 31, 2015 Performing $ 44,162 $ 23,072 $ 3,756 Nonperforming 1,252 262 — Total $ 45,414 $ 23,334 $ 3,756 (Amounts in thousands) Residential real estate Consumer - home equity Consumer- other December 31, 2014 Performing $ 37,544 $ 21,179 $ 4,110 Nonperforming 1,331 149 6 Total $ 38,875 $ 21,328 $ 4,116 Loans are considered to be nonperforming when they become 90 days past due or on nonaccrual status, though the Company may be receiving partial payments of interest and partial repayments of principal on such loans. When a loan is placed in non-accrual status, previously accrued but unpaid interest is recorded against interest income. Loans in foreclosure are considered nonperforming. At December 31, 2015, there were $1.3 million of loans in the process of foreclosure. The following is a summary of classes of loans on non-accrual status as of: (Amounts in thousands) December 31, 2015 2014 Commercial $ 1,196 $ 1,824 Commercial real estate 2,176 2,247 Residential real estate 1,252 1,331 Consumer: Consumer - home equity 262 149 Consumer - other — 6 Total $ 4,886 $ 5,557 Gross income that should have been recorded in income on nonaccrual loans was $293,000, $351,000 and $147,000 for the years ended December 31, 2015, 2014 and 2013, respectively. Actual interest included in income on these nonaccrual loans amounts to $26,000, $149,000 and $38,000 in 2015, 2014 and 2013, respectively. Troubled Debt Restructuring Nonperforming loans also include certain loans that have been modified in troubled debt restructurings (TDRs) where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from the Company’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. None of the loans that were approved as TDRs in 2013 have subsequently defaulted in the years ended December 31, 2014 and 2015. The following presents, by class, information related to loans modified in a TDR during the periods ended: (Dollar amounts in thousands) December 31, 2015 Number of contracts Pre-modification recorded investment Post-modification recorded investment Increase in the allowance Commercial real estate 2 $ 3,154 $ 3,154 $ — Subsequently defaulted — $ — There were no loans modified as TDRs during the year ended December 31, 2014. (Dollar amounts in thousands) December 31, 2013 Number of contracts Pre-modification recorded investment Post-modification recorded investment Increase in the allowance Commercial 5 $ 438 $ 438 $ 20 Commercial real estate 7 2,348 2,348 — Total restructured loans 12 $ 2,786 $ 2,786 $ 20 Subsequently defaulted — $ — In 2015, the two commercial real estate loans were to the same customer. There was no interest rate impact, only a change in loan terms to six months interest only. In 2013, the seven commercial real estate loans had either the rate unchanged or blended with no rate impact. All the loans had loan term changes. Five of the commercial real estate loans were to the same customer. Two of the five commercial loans were to the same company. Three of the commercial loans had loan term changes with no rate concessions made. One commercial loan had multiple changes including rate change, shortened maturity and additional collateral and one commercial loan had an extended loan term and interest only for 6 months. The following is an aging analysis of the recorded investment of past due loans as of the periods ended December 31, 2015 and 2014: (Amounts in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days and Accruing December 31, 2015 Commercial $ 178 $ — $ 1,196 $ 1,374 $ 83,239 $ 84,613 $ — Commercial real estate 248 1,480 2,055 3,783 233,354 237,137 — Residential real estate 163 131 1,240 1,534 43,880 45,414 — Consumer: Consumer - home equity 29 117 262 408 22,926 23,334 — Consumer - other 10 — — 10 3,746 3,756 — Total $ 628 $ 1,728 $ 4,753 $ 7,109 $ 387,145 $ 394,254 $ — (Amounts in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days and Accruing December 31, 2014 Commercial $ 54 $ 282 $ 1,542 $ 1,878 $ 70,452 $ 72,330 $ — Commercial real estate 574 1,774 2,115 4,463 219,073 223,536 — Residential real estate 122 173 1,144 1,439 37,436 38,875 — Consumer: Consumer - home equity 61 — 149 210 21,118 21,328 — Consumer - other 15 — 6 21 4,095 4,116 — Total $ 826 $ 2,229 $ 4,956 $ 8,011 $ 352,174 $ 360,185 $ — An impaired loan is a loan on which, based on current information and events, it is probable that a creditor will be unable to collect all amounts due (including both interest and principal) according to the contractual terms of the loan agreement. However, an insignificant delay or insignificant shortfall in amount of payments on a loan does not indicate that the loan is impaired. When a loan is determined to be impaired, impairment should be measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate. However, as a practical expedient, the Company will measure impairment based on a loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. The following are the criteria for selecting individual loans / relationships for impairment analysis. Non-homogenous loans which meet the criteria below are evaluated quarterly. — All borrowers whose loans are classified doubtful by examiners and internal loan review — All loans on non-accrual status — Any loan in foreclosure — Any loan with a specific reserve — Any loan determined to be collateral dependent for repayment — Loans classified as troubled debt restructuring Commercial loans and commercial real estate loans evaluated for impairment are excluded from the general pool of loans in the ALLL calculation regardless if a specific reserve was determined. If management determines that the value of the impaired loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allowance estimate or a charge-off to the allowance. The following table presents the recorded investment and unpaid principal balances for impaired loans, excluding homogenous loans for which impaired analyses are not necessarily performed, with the associated allowance amount, if applicable, at December 31, 2015 and 2014. Also presented are the average recorded investments in the impaired balances and interest income recognized after impairment for the years ended December 31, 2015, 2014 and 2013. (Amounts in thousands) Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2015 With no related allowance recorded: Commercial $ 232 $ 264 $ — Commercial real estate 7,222 7,424 — With an allowance recorded: Commercial 1,115 1,552 834 Commercial real estate 1,243 1,243 178 Total: Commercial $ 1,347 $ 1,816 $ 834 Commercial real estate $ 8,465 $ 8,667 $ 178 (Amounts in thousands) Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2014 With no related allowance recorded: Commercial $ 457 $ 457 $ — Commercial real estate 4,498 5,242 — With an allowance recorded: Commercial 1,566 1,566 1,316 Commercial real estate 1,231 1,231 148 Total: Commercial $ 2,023 $ 2,023 $ 1,316 Commercial real estate $ 5,729 $ 6,473 $ 148 (Amounts in thousands) Average Recorded Investment Interest Income Recognized December 31, 2015 With no related allowance recorded: Commercial $ 322 $ 13 Commercial real estate 4,842 181 With an allowance recorded: Commercial 1,341 — Commercial real estate 1,160 84 Total: Commercial $ 1,663 $ 13 Commercial real estate $ 6,002 $ 265 (Amounts in thousands) Average Recorded Investment Interest Income Recognized December 31, 2014 With no related allowance recorded: Commercial $ 257 $ 17 Commercial real estate 4,069 158 With an allowance recorded: Commercial 311 — Commercial real estate 1,430 73 Total: Commercial $ 568 $ 17 Commercial real estate $ 5,499 $ 231 (Amounts in thousands) Average Recorded Investment Interest Income Recognized December 31, 2013 With no related allowance recorded: Commercial $ 123 $ 6 Commercial real estate 1,638 117 With an allowance recorded: Commercial 73 — Commercial real estate 3,015 95 Total: Commercial $ 196 $ 6 Commercial real estate $ 4,653 $ 212

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Premises and Equipment	NOTE 4 - PREMISES AND EQUIPMENT The following is a summary of premises and equipment: (Amounts in thousands) December 31, 2015 2014 Land $ 2,746 $ 2,673 Premises 9,689 8,298 Equipment 8,970 8,440 Leasehold improvements 222 219 Total premises and equipment 21,627 19,630 Less accumulated depreciation 12,437 11,933 Net book value $ 9,190 $ 7,697 Depreciation expense was $792,000 in 2015, $715,000 in 2014 and $713,000 in 2013.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2015
Investments Debt And Equity Securities [Abstract]
Deposits	NOTE 5 - DEPOSITS The following is a summary of interest-bearing deposits: (Amounts in thousands) December 31, 2015 2014 Demand $ 38,078 $ 33,146 Money market 104,334 84,277 Savings 114,021 114,400 Time: In denominations $250,000 or under 98,833 91,802 In denominations of over $250,000 32,994 38,405 Total $ 388,260 $ 362,030 Stated maturities of time deposits were as follows: (Amounts in thousands) 2015 2016 $ 92,256 2017 5,691 2018 4,221 2019 2,631 2020 8,734 2021 and beyond 18,294 Total $ 131,827 The following is a summary of time deposits of $100,000 or more by remaining maturities: (Amounts in thousands) December 31, 2015 Certificates of Deposit Other Time Deposits Total Three months or less $ 21,269 $ 1,116 $ 22,385 Three to six months 11,786 — 11,786 Six to twelve months 24,881 500 25,381 One through five years 6,166 2,050 8,216 Over five years 4,229 2,206 6,435 Total $ 68,331 $ 5,872 $ 74,203

Federal Home Loan Bank (FHLB) A

Federal Home Loan Bank (FHLB) Advances and Other Short-Term Borrowings	12 Months Ended
	Dec. 31, 2015
Federal Home Loan Bank Advances And Other Borrowings [Abstract]
Federal Home Loan Bank (FHLB) Advances and Other Short-Term Borrowings	NOTE 6 - FEDERAL HOME LOAN BANK (FHLB) ADVANCES AND OTHER SHORT TERM BORROWINGS The following is a summary of FHLB advances and other short term borrowings: (Amounts in thousands) December 31, Weighted Average Interest Rate 2015 2014 FHLB advances - long term: Fixed rate payable and convertible fixed rate FHLB advances, with monthly interest payments: Due in 2015 $ — $ 4,000 Due in 2016 1.99 % 5,000 5,000 Due in 2017 3.77 % 18,000 16,000 Due in 2018 1.17 % 2,000 — Total FHLB advances - long term 3.20 % 25,000 25,000 FHLB advances - short term: Short term 0.39 % 8,000 9,500 Cash management 0.36 % 9,000 6,000 Total FHLB advances - short term 0.37 % 17,000 15,500 Total FHLB advances 2.06 % 42,000 40,500 Other short term borrowings: Securities sold under repurchase agreements 0.11 % 2,499 4,259 Total FHLB advances and other short term borrowings 1.95 % $ 44,499 $ 44,759 The following is a summary of FHLB advances – short term: (Amounts in thousands) 2015 2014 2013 Average balance during the year $ 14,674 $ 17,541 $ 4,559 Average interest rate during the year 0.27 % 0.89 % 0.15 % Maximum month-end balance during the year $ 23,500 $ 22,500 $ 13,000 Weighted average interest rate at year end 0.37 % 0.25 % 0.12 % At December 31, 2015, FHLB advances were collateralized by FHLB stock owned by the Bank with a carrying value of $2.8 million, a blanket lien against the Bank’s qualified mortgage loan portfolio of $27.2 million, $26.1 million in mortgage-backed securities and $2.8 million in U.S. Government-guaranteed small business administration pools. In comparison, in the prior year FHLB advances were collateralized by FHLB stock owned by the Bank with a carrying value of $2.8 million, a blanket lien against the Bank’s qualified mortgage loan portfolio of $25.6 million and $31.6 million in mortgage-backed securities. Maximum borrowing capacities from FHLB totaled $51.0 million and $53.4 million at December 31, 2015 and 2014, respectively. At December 31, 2015, $18.0 million of the FHLB fixed rate advances were putable on or after certain specified dates at the option of the FHLB and at December 31, 2014, $22.0 million of the FHLB fixed rate advances were putable on or after certain specified dates at the option of the FHLB. Should the FHLB elect to exercise the put, the Company is required to pay the advance off on that date without penalty. The following is a summary of other short term borrowings: (Amounts in thousands) 2015 2014 2013 Average balance during the year $ 4,082 $ 4,141 $ 3,453 Average interest rate during the year 0.10 % 0.07 % 0.09 % Maximum month-end balance during the year $ 7,541 $ 5,795 $ 4,022 Weighted average interest rate at year end 0.11 % 0.07 % 0.07 % Securities sold under repurchase agreements represent arrangements the Bank has entered into with certain deposit customers within its local market areas. These borrowings are collateralized with securities. At December 31, 2015 and 2014, securities allocated for this purpose, owned by the Bank and held in safekeeping accounts at independent correspondent banks, amounted to $5.8 million and $7.5 million, respectively. The following table provides additional detail regarding other short term borrowings: (Amounts in thousands) Repurchase Agreements (Sweep) Accounted for as Secured Borrowings At December 31, 2015 At December 31, 2014 Remaining Contractual Maturity of the Agreements Overnight and Continuous Overnight and Continuous Repurchase agreements: U.S. Government-sponsored mortgage-backed securities $ 4,729 $ 6,137 U.S. Government-sponsored collateralized mortgage obligations 1,088 1,361 Total collateral carrying value $ 5,817 $ 7,498 Total short-term borrowings $ 2,499 $ 4,259

Subordinated Debt

Subordinated Debt	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Subordinated Debt	NOTE 7 - SUBORDINATED DEBT In July 2007, a trust formed by the Company issued $5.0 million of floating rate trust preferred securities as part of a pooled offering of such securities due December 2037. The Company owns all $155,000 of the common securities issued by the trust. The securities bear interest at the 3-month LIBOR rate plus 1.45%. The rates at December 31, 2015 and 2014 were 1.96% and 1.69%. The Company issued subordinated debentures to the trust in exchange for the proceeds of the trust preferred offering. The debentures represent the sole assets of this trust. The Company may redeem the subordinated debentures, in whole or in part, at par. The trust is not consolidated with the Company’s financial statements. Accordingly, the Company does not report the securities issued by the trust as liabilities, but instead reports as liabilities the subordinated debentures issued by the Company and held by the trust. The subordinated debentures qualify as Tier 1 capital for regulatory purposes in determining and evaluating the Company’s capital adequacy.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8 – COMMITMENTS AND CONTINGENCIES The Bank occupies office facilities under operating leases extending to 2021. Most of these leases contain an option to renew at the then fair rental value for periods of five and ten years. These options enable the Bank to retain use of facilities in desirable operating areas. In most cases, management expects that in the normal course of business, leases will be renewed or replaced by other leases. Rental and lease expense was $168,000 for 2015, $139,000 for 2014 and $181,000 for 2013. The following is a summary of remaining future minimum lease payments under current non-cancelable operating leases for office facilities: (Amounts in thousands) Years ending: December 31, 2016 $ 236 December 31, 2017 133 December 31, 2018 79 December 31, 2019 46 December 31, 2020 46 Later years 4 Total $ 544 At December 31, 2015, the Bank was required to maintain aggregate cash reserves amounting to $5.9 million in order to satisfy federal regulatory requirements. The reserves are held in useable vault cash and interest-earning balances at the Federal Reserve Bank of Cleveland. The Bank grants commercial and industrial loans, commercial and residential mortgage loans, and consumer loans to customers in Northeastern Ohio and Western Pennsylvania. Although the Bank has a diversified portfolio, exposure to credit loss can be adversely impacted by downturns in local economic and employment conditions. Approximately 0.48% of total loans are unsecured at December 31, 2015 and approximately 1.0% at December 31 2014. The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and financial guarantees. Such instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized on the Consolidated Balance Sheets. The contract or notional amounts on those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. In the event of nonperformance by the other party, the Company’s exposure to credit loss on these financial instruments is represented by the contract or notional amount of the instrument. The Company uses the same credit policies in making commitments and conditional obligations as it does for instruments recorded on the balance sheet. The amount and nature of collateral obtained, if any, is based on management’s credit evaluation. The following is a summary of such contractual commitments: (Amounts in thousands) December 31, 2015 2014 Commitments to extend credit: Fixed rate $ 13,311 $ 13,825 Variable rate 45,929 49,897 Standby letters of credit 3,508 608 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Generally, these financial arrangements have fixed expiration dates or other termination clauses and may require payment of a fee. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment and income-producing commercial properties. The Company also offers limited overdraft protection as a non-contractual courtesy which is available to businesses as well as individually/jointly owned accounts in good standing for personal or household use. The Company reserves the right to discontinue this service without prior notice. The following table is a summary of overdraft protection for the periods indicated: (Amounts in thousands) December 31, 2015 2014 Overdraft protection available on depositors' accounts $ 9,598 $ 9,632 Balance of overdrafts included in loans 80 108 Average daily balance of overdrafts 99 117 Average daily balance of overdrafts as a percentage of available 1.03 % 1.21 % Customer Derivatives - Interest Rates Swaps/Floors – The Company enters into interest rate swaps that allow our commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to an interest rate swap agreement, which serves to effectively swap the customer’s variable-rate into a fixed-rate. The Company then enters into a corresponding swap agreement with a third party in order to economically hedge its exposure through the customer agreement. The interest rate swaps with both the customers and third parties are not designated as hedges under FASB ASC 815 and are not marked to market through earnings. As the interest rate swaps are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC 820. There was no effect on earnings in any periods presented. At December 31, 2015, the Company had $150,000 in cash pledged for collateral on its interest rate swap with the third party financial institution. Summary information regarding these derivatives is presented below: (Amounts in thousands) Fair Value December 31, Notional Amount Interest Rate Paid Interest Rate Received 2015 2014 Customer interest rate swap Maturing in 2020 $ 2,680 BBA 1 Mo. + Margin Fixed $ 35 $ — Maturing in 2025 5,921 1 Mo. Libor + Margin Fixed 136 — Total $ 8,601 $ 171 $ — Third party interest rate swap Maturing in 2020 $ 2,680 Fixed BBA 1 Mo. + Margin $ (35 ) $ — Maturing in 2025 5,921 Fixed 1 Mo. Libor + Margin (136 ) — Total $ 8,601 $ (171 ) $ — The following table presents the fair values of derivative instruments in the balance sheet. (Amounts in thousands) Assets Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value December 31, 2015 Interest rate derivatives Other assets $ 171 Other liabilities $ 171

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2015
Compensation And Retirement Disclosure [Abstract]
Benefit Plans	NOTE 9 – BENEFIT PLANS The Bank has a contributory defined contribution retirement plan (401(k) plan) which covers substantially all employees. Total expense under the plan was $307,000 for 2015, $284,000 for 2014 and $296,000 for 2013. The Bank matches participants’ voluntary contributions up to 5% of gross pay. Participants may make voluntary contributions to the plan up to a maximum of $18,000 with an additional $6,000 catch-up deferral for plan participants over the age of 50. The Bank makes monthly contributions to this plan equal to amounts accrued for plan expense. The Company provides supplemental retirement benefit plans for the benefit of certain officers and non-officer directors. The plan for officers is designed to provide post-retirement benefits to supplement other sources of retirement income such as social security and 401(k) benefits. The benefits will be paid for a period of 15 years after retirement. Director Retirement Agreements provide for a benefit of $10,000 annually on or after the director reaches normal retirement age, which is based on a combination of age and years of service. Director retirement benefits are paid over a period of 10 years following retirement. The Company accrues the cost of these post-retirement benefits during the working careers of the officers and directors. At December 31, 2015, the accumulated liability for these benefits totaled $2.8 million, with $2.3 million accrued for the officers’ plan and $522,000 for the directors’ plan. The following table reconciles the accumulated liability for the benefit obligation of these agreements: (Amounts in thousands) Years Ended December 31, 2015 2014 2013 Beginning balance $ 2,549 $ 2,396 $ 2,218 Benefit expense 369 308 327 Benefit payments (158 ) (155 ) (149 ) Ending balance $ 2,760 $ 2,549 $ 2,396 Supplemental executive retirement agreements are unfunded plans and have no plan assets. The benefit obligation represents the vested net present value of future payments to individuals under the agreements. The benefit expense, as specified in the agreements for the entire year 2016, is expected to be approximately $359,000. The benefits expected to be paid in the next year are approximately $162,000. The Bank has purchased insurance contracts on the lives of the participants in the supplemental retirement benefit plan and has named the Bank as the beneficiary. Similarly, the Company has purchased insurance contracts on the lives of the directors with the Bancorp as beneficiary. While no direct linkage exists between the supplemental retirement benefit plan and the life insurance contracts, it is management’s current intent that the revenue from the insurance contracts be used as a funding source for the plan. The Company accrues for the monthly benefit expense of postretirement cost of insurance for split-dollar life insurance coverage. The following table presents the changes in the accumulated liability. (Amounts in thousands) December 31, 2015 2014 2013 Beginning balance $ 616 $ 614 $ 530 Expense recorded 132 47 56 Other comprehensive loss (income) recorded 108 (45 ) 28 Ending balance $ 856 $ 616 $ 614

Federal Income Taxes

Federal Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Federal Income Taxes	NOTE 10 - FEDERAL INCOME TAXES The composition of income tax expense is as follows: (Amounts in thousands) Years Ended December 31 , 2015 2014 2013 Current $ 916 $ 451 $ (8 ) Deferred 303 451 96 Total $ 1,219 $ 902 $ 88 The ability to realize the benefit of deferred tax assets is dependent upon a number of factors, including the generation of future taxable income, the ability to carry back taxes paid in previous years, the ability to offset capital losses with capital gains, the reversal of deferred tax liabilities, and certain tax planning strategies. A valuation allowance of $94,000 has been established to offset in its entirety the tax benefits associated with securities sold at a loss that management believes may not be realizable. The following is a summary of net deferred taxes included in other assets: (Amounts in thousands) December 31, 2015 2014 Gross deferred tax assets: Allowance for loan and other real estate losses $ 1,766 $ 1,769 Deferred loan origination cost - net 314 303 Impairment loss on securities 48 48 Deferred compensation 939 866 AMT credit carryforward 704 928 Unrealized loss on available-for-sale securities 76 — Other items 763 809 Total gross deferred tax assets 4,610 4,723 Valuation allowance (94 ) (94 ) Total net deferred tax assets 4,516 4,629 Gross deferred tax liabilities: Unrealized gain on available-for-sale securities — (185 ) Premises and equipment (586 ) (494 ) Other items (617 ) (595 ) Total net deferred tax liabilities (1,203 ) (1,274 ) Net deferred tax asset $ 3,313 $ 3,355 The Company had a deferred tax asset of $704,000 for credits related to Alternative Minimum Taxes (AMT) as of December 31, 2015. In comparison, the Company had a deferred tax asset of $928,000 for credits related to AMT at December 31, 2014. The Company also had deferred tax asset of $94,000 relating to a capital loss carryforward as of December 31, 2015 and 2014. The AMT credits have an unlimited carry-forward period. No valuation allowance had been established for these deferred tax assets in view of the Corporation’s ability to carry forward taxes paid and credits earned in previous years, to future years, coupled with the anticipated future taxable income as evidenced by the Corporation’s earnings potential. The capital loss carryforward has a 5 year life and expires in 2017; it has a 100% valuation allowance of $94,000 against it. Because of the Company’s inability to generate capital gains, realization of the deferred tax asset therein was not probable. The following is a reconciliation between tax expense using the statutory tax rate of 34% and the income tax provision: (Amounts in thousands) Years Ended December 31 , 2015 2014 2013 Statutory tax expense $ 1,903 $ 1,622 $ 636 Tax effect of non-taxable interest income (600 ) (609 ) (504 ) Tax effect of earnings on bank-owned life insurance-net (115 ) (114 ) (111 ) Tax effect of low income housing credit (54 ) (52 ) 13 Tax effect of non-deductible expenses 85 55 54 Federal income tax expense $ 1,219 $ 902 $ 88 The related income tax expense on investment securities gains amounted to $22,000 for 2015, $311,000 for 2014 and $245,000 for 2013 and is included in the federal income tax expense. The Company prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more-likely-than-not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The provision also provides guidance on the accounting for and disclosure of unrecognized tax benefits, interest and penalties. There were no significant unrecognized tax benefits at December 31, 2015 and the Company does not expect any significant increase in unrecognized tax benefits in the next twelve months. No interest or penalties were incurred for income taxes which would have been recorded as a component of income tax expense. There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. The Company’s federal and state income tax returns for taxable years through 2011 have been closed for purposes of examination by the Internal Revenue Service and the Ohio Department of Revenue.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value	NOTE 11 – FAIR VALUE Measurements The Company groups assets and liabilities recorded at fair value into three levels based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement (with level 1 considered highest and level 3 considered lowest). A brief description of each level follows: Level 1: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level 2: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but which trade less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 3: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where inputs into the determination of fair value require significant management judgment or estimation. The following table presents the assets reported on the consolidated balance sheets at their fair value as of December 31, 2015 and December 31, 2014 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. (Amounts in thousands) Fair Value Measurements at December 31, 2015 Using Description December 31, 2015 Quoted Prices in Active Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) ASSETS U.S. Government agencies and corporations $ 12,623 $ — $ 12,623 $ — Obligations of states and political subdivisions 51,405 — 51,405 — U.S. Government-sponsored mortgage-backed securities 69,679 — 69,679 — U.S. Government-sponsored collateralized mortgage obligations 13,530 — 13,530 — U.S. Government-guaranteed small business administration pools 2,837 — 2,837 — Trust preferred securities 778 — — 778 Regulatory stock 3,049 3,049 — — Trading securities 8,134 — 8,134 — Loans held for sale 4,033 4,033 — — Interest rate derivatives 171 — 171 — LIABILITIES Interest rate derivatives $ 171 $ — $ 171 $ — (Amounts in thousands) Fair Value Measurements at December 31, 2014 Using Description December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) ASSETS U.S. Treasury securities $ 101 $ — $ 101 $ — U.S. Government agencies and corporations 8,648 — 8,648 — Obligations of states and political subdivisions 50,091 — 50,091 — U.S. Government-sponsored mortgage-backed securities 85,587 — 85,587 — U.S. Government-sponsored collateralized mortgage obligations 13,992 — 13,992 — Trust preferred securities 779 — — 779 Regulatory stock 3,049 3,049 — — Trading securities 7,861 — 7,861 — Loans held for sale 632 632 — — The following tables present the changes in the Level 3 fair value category for the years ended December 31, 2015, 2014 and 2013. The Company classifies financial instruments in Level 3 of the fair-value hierarchy when there is reliance on at least one significant unobservable input to the valuation model. In addition to these unobservable inputs, the valuation models for Level 3 financial instruments typically also rely on a number of inputs that are readily observable either directly or indirectly. (Amounts in thousands) December 31, 2015 2014 2013 Trust preferred securities Trust preferred securities Trust preferred securities Beginning balance $ 779 $ 10,136 $ 7,612 Net realized/unrealized gains/(losses) included in: Noninterest income — — (1,954 ) Other comprehensive income 21 835 4,553 Discount accretion (premium amortization) — 7 8 Sales — (10,044 ) — Purchases, issuance, and settlements (22 ) (155 ) (83 ) Ending balance $ 778 $ 779 $ 10,136 Losses included in net income for the period relating to assets held at period end $ — $ — $ (1,954 ) The Company conducts OTTI analyses on a quarterly basis. The initial indication of other-than-temporary impairment for both debt and equity securities is a decline in the fair value below the amount recorded for an investment. A decline in value that is considered to be other-than-temporary is recorded as a loss within non-interest income in the consolidated statements of income. In determining whether an impairment is other than temporary, the Company considers a number of factors, including, but not limited to, the length of time and extent to which the market value has been less than cost, recent events specific to the issuer, including investment downgrades by rating agencies and economic conditions of its industry, and a determination that the Company does not intend to sell those investments and it is not more-likely-than-not that the Company will be required to sell the investments before recovery of its amortized cost basis less any current period credit loss. Among the factors that are considered in determining the Company’s intent and ability is a review of its capital adequacy, interest rate risk position and liquidity. The Company also considers the issuer’s financial condition, capital strength and near-term prospects. In addition, for debt securities the Company considers the cause of the price decline (general level of interest rates and industry- and issuer-specific factors), current ability to make future payments in a timely manner and the issuer’s ability to service debt, the assessment of a security’s ability to recover any decline in market value, the ability of the issuer to meet contractual obligations and the Company’s intent and ability to retain the security. All of the foregoing require considerable judgment. Trust Preferred Securities Trust preferred securities are accounted for under FASB ASC Topic 325 Investments Other As referenced in Note 2, Investment Securities, with the release of the Volcker Rule in December 2013, the Company could no longer support the ability to hold certain trust preferred securities comprised of obligations issued by insurance companies. The inability to hold the investments triggered a $2.0 million OTTI recognition reflecting the estimated fair value of the securities at December 31, 2013. For the remaining bank-issued trust preferred securities, the Company does not intend to sell the securities and it is more-likely-than-not that the Company will not be required to sell the securities before recovery of its amortized cost basis. There is a risk that subsequent evaluations could result in recognition of OTTI charges in the future. The securities had life-to-date impairment losses as presented below. The following table details the breakdown of trust preferred securities for the periods indicated: (Dollar amounts in thousands) December 31, 2015 2014 Total number of trust preferred securities 2 2 Par value $ 1,780 $ 1,802 Number not considered OTTI 1 1 Par value $ 780 $ 802 Number considered OTTI 1 1 Par value $ 1,000 $ 1,000 Life-to-date impairment recognized in earnings $ 140 $ 140 Life-to-date impairment recognized in other comprehensive income 862 883 Total life-to-date impairment $ 1,002 $ 1,023 The following table details the one debt security with other-than-temporary impairment, its credit rating at December 31, 2015 and the related loss recognized in earnings: (Dollar amounts in thousands) Moody’s/Fitch Rating Amount of OTTI related to credit loss at January 1, 2015 Additions in QTD March 31, 2015 Additions in QTD June 30, 2015 Additions in QTD September 30, 2015 Additions in QTD December 31, 2015 Amount of OTTI related to credit loss at December 31, 2015 Trapeza IX B-1 Ca/CC $ 140 $ — $ — $ — $ — $ 140 The following table details the one debt security with other-than-temporary impairment, its credit rating at December 31, 2014 and the related losses recognized in earnings: (Dollar amounts in thousands) Moody’s/Fitch Rating Amount of OTTI related to credit loss at January 1, 2014 Additions in QTD March 31, 2014 Additions in QTD June 30, 2014 Additions in QTD September 30, 2014 Additions in QTD December 31, 2014 Amount of OTTI related to credit loss at December 31, 2014 Trapeza IX B-1 Ca/CC $ 140 $ — $ — $ — $ — $ 140 The following table provides additional information related to the Company’s trust preferred securities as of December 31, 2015 used to evaluate other-than-temporary impairments: (Dollar amounts in thousands) Deal Class Amortized Cost Fair Value Unrealized Gain/(Loss) Moody’s/ Fitch Rating Number of Issuers Currently Performing Deferrals and Defaults as a % of Current Collateral Excess Subordination as a % of Current Performing Collateral PreTSL XXIII C-2 $ 780 $ 332 $ (448 ) B2/CCC 90 22.5 % 1.77 % Trapeza IX B-1 860 446 (414 ) Ca/CC 31 18.5 — Total $ 1,640 $ 778 $ (862 ) The following table provides additional information related to the Company’s trust preferred securities as of December 31, 2014 used to evaluate other-than-temporary impairments: (Dollar amounts in thousands) Deal Class Amortized Cost Fair Value Unrealized Gain/(Loss) Moody’s/ Fitch Rating Number of Issuers Currently Performing Deferrals and Defaults as a % of Current Collateral Excess Subordination as a % of Current Performing Collateral PreTSL XXIII C-2 $ 802 $ 313 $ (489 ) B2/C 91 25.2 % — % Trapeza IX B-1 860 466 (394 ) Ca/CC 33 18.1 — Total $ 1,662 $ 779 $ (883 ) The market for these securities at December 31, 2015 and December 31, 2014 is not active and markets for similar securities are also not active. The inactivity was evidenced first by a significant widening of the bid-ask spread in the brokered markets in which trust preferred securities trade and then by a significant decrease in the volume of trades relative to historical levels. The new issue market is also inactive as no new trust preferred securities have been issued since 2007. There are currently very few market participants who are willing and/or able to transact for these securities. The pooled market value for these securities remains very depressed relative to historical levels. Although there has been marked improvement in the credit spread premium in the corporate bond space, no such improvement has been noted in the market for trust preferred securities. Given conditions in the debt markets today and the absence of observable transactions in the secondary and the new issue markets, the Company determined the following: · The few observable transactions and market quotations that are available are not reliable for purposes of determining fair value at December 31, 2015; · An income valuation approach technique (present value technique) that maximizes the use of relevant observable inputs and minimizes the use of unobservable inputs will be equally or more representative of fair value than the market approach valuation technique used at measurement dates prior to 2008; and · The trust preferred securities will be classified within Level 3 of the fair value hierarchy because the Company determined that significant judgments are required to determine fair value at the measurement date. The Company enlisted the aid of an independent third party to perform the trust preferred security valuations. The approach to determining fair value involved the following process: 1. Estimate the credit quality of the collateral using average probability of default values for each issuer (adjusted for rating levels). 2. Consider the potential for correlation among issuers within the same industry for default probabilities (e.g. banks with other banks). 3. Forecast the cash flows for the underlying collateral and apply to each trust preferred security tranche to determine the resulting distribution among the securities, including prepayment and cures. 4. Discount the expected cash flows to calculate the present value of the security. The effective discount rates on an overall basis generally range from 10.26% to 14.12% and are highly dependent upon the credit quality of the collateral, the relative position of the tranche in the capital structure of the trust preferred security and the prepayment assumptions. T he following table presents the assets measured on a nonrecurring basis on the consolidated balance sheets at their fair value as of December 31, 2015 and December 31, 2014, by level within the fair value hierarchy. Impaired loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include: quoted market prices for identical assets classified as Level 1 inputs; observable inputs, employed by certified appraisers, for similar assets classified as Level 2 inputs. In cases where valuation techniques include inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level 3 inputs. Other real estate owned is carried at the lower of cost or fair value less estimated costs to sell. (Amounts in thousands) December 31, 2015 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 8,800 $ 8,800 Other real estate owned $ — $ — $ 61 $ 61 (Amounts in thousands) December 31, 2014 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 6,288 $ 6,288 Other real estate owned $ — $ — $ 40 $ 40 Financial Instruments The Company disclosures fair value information about financial instruments, whether or not recognized in the consolidated balance sheets, for which it is practicable to estimate the value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other estimation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Such techniques and assumptions, as they apply to individual categories of the financial instruments, are as follows: Cash and cash equivalents – The carrying amounts for cash and cash equivalents are a reasonable estimate of those assets’ fair value. Investment securities – Fair values of securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable securities. Prices on trust preferred securities were calculated using a discounted cash-flow technique. Cash flows were estimated based on credit and prepayment assumptions. The present value of the projected cash flows was calculated using a discount rate equal to the current yield used to accrete the beneficial interest. Loans held for sale – Loans held for sale consist of residential mortgage loans originated for sale. Loans held for sale are recorded at fair value based on what the secondary markets have offered on best efforts commitments. Loans, net of allowance for loan losses – Market quotations are generally not available for loan portfolios. The fair value is estimated by discounting future cash flows using current market inputs at which loans with similar terms and qualities would be made to borrowers of similar credit quality. Bank-owned life insurance – The fair value is based upon the cash surrender value of the underlying policies net of any split dollar obligation and matches the book value. Accrued interest receivable – The carrying amount is a reasonable estimate of these assets’ fair value. Interest rate derivatives – The fair value is based on settlement values adjusted for credit risks associated with the counter parties and the Company and observable market interest rate curves. Demand, savings and money market deposits – Demand, savings, and money market deposit accounts are valued at the amount payable on demand. Time deposits – The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rates are estimated using market rates currently offered for similar instruments with similar remaining maturities. Short term borrowings – Short term borrowings generally have an original term to maturity of one year or less. Consequently, their carrying value is a reasonable estimate of fair value. FHLB advances - short term – Short term borrowings generally have an original term to maturity of one year or less. Advances of one month or less are considered to be at fair value. The fair value of notes with one to twelve month terms is based on the discounted value of contractual cash flows. The discount rates are estimated using market rates currently offered for similar instruments with similar remaining maturities. FHLB advances - long term – The fair value for fixed rate advances is estimated by discounting the future cash flows using rates at which advances would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value for the fixed rate advances that are convertible to quarterly LIBOR floating rate advances on or after certain specified dates at the option of the FHLB and the FHLB fixed rate advances that are putable on or after certain specified dates at the option of the FHLB are priced using the FHLB of Cincinnati’s model. Subordinated debt – The floating issuances curves to maturity are averaged to obtain an index. The spread between BBB-rated bank debt and 25-year swap rates is determined to calculate the spread on outstanding trust preferred securities. The discount margin is then added to the index to arrive at a discount rate, which determines the present value of projected cash flows. Accrued interest payable – The carrying amount is a reasonable estimate of these liabilities’ fair value. The fair value of unrecorded commitments at December 31, 2015 and December 31, 2014 is not material. In addition, other assets and liabilities of the Company that are not defined as financial instruments are not included in the disclosures, such as property and equipment. Also, non-financial instruments typically not recognized in financial statements nevertheless may have value but are not included in the above disclosures. These include, among other items, the estimated earning power of core deposit accounts, the trained work force, customer goodwill and similar items. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The carrying amounts and estimated fair values of the Company’s financial instruments are as follows: (Amounts in thousands) December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 Fair Value ASSETS: Cash and cash equivalents $ 18,496 $ 18,496 $ — $ — $ 18,496 Investment securities available-for-sale 153,901 3,049 150,074 778 153,901 Trading securities 8,134 — 8,134 — 8,134 Loans held for sale 4,033 4,033 — — 4,033 Loans, net of allowance for loan losses 389,060 — — 393,355 393,355 Bank-owned life insurance 17,328 17,328 — — 17,328 Accrued interest receivable 1,640 1,640 — — 1,640 Interest rate derivatives 171 — 171 — 171 LIABILITIES: Demand, savings and money market deposits $ 364,577 $ 364,577 $ — $ — $ 364,577 Time deposits 131,827 — — 134,251 134,251 Short-term borrowings 2,499 2,499 — — 2,499 Federal Home Loan Bank advances - short term 17,000 12,000 — 4,995 16,995 Federal Home Loan Bank advances - long term 25,000 — — 25,667 25,667 Subordinated debt 5,155 — — 4,321 4,321 Accrued interest payable 255 255 — — 255 Interest rate derivatives 171 — 171 — 171 (Amounts in thousands) December 31, 2014 Carrying Amount Level 1 Level 2 Level 3 Fair Value ASSETS: Cash and cash equivalents $ 10,569 $ 10,569 $ — $ — $ 10,569 Investment securities available-for-sale 162,247 3,049 158,419 779 162,247 Trading securities 7,861 — 7,861 — 7,861 Loans held for sale 632 632 — — 632 Loans, net of allowance for loan losses 354,983 — — 359,518 359,518 Bank-owned life insurance 16,990 16,990 — — 16,990 Accrued interest receivable 1,723 1,723 — — 1,723 LIABILITIES: Demand, savings and money market deposits $ 326,554 $ 326,554 $ — $ — $ 326,554 Time deposits 130,207 — — 133,171 133,171 Short-term borrowings 4,259 4,259 — — 4,259 Federal Home Loan Bank advances - short term 15,500 6,000 — 9,490 15,490 Federal Home Loan Bank advances - long term 25,000 — — 26,194 26,194 Subordinated debt 5,155 — — 4,573 4,573 Accrued interest payable 248 248 — — 248 The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis at December 31, 2015. (Amounts Fair value at December 31, 2015 Valuation Technique Significant Unobservable Input Description of Inputs Trust preferred securities $ 778 Discounted Cash Flow Projected Prepayments 1) Trust preferred securities issued by banks subject to Dodd-Frank's phase-out of trust preferred securities from Tier 1 Capital. All fixed rate within one year; variable rate at increasing intervals depending on spread. 2) Trust preferred securities issued by healthy, well capitalized banks that have fixed rate coupons greater than 8%. 3) 1% annually for all other fixed rate issues and all variable rate issues. 4) Zero for collateral issued by REITs and 2% for insurance companies. Projected Defaults 1) All deferring issuers that do not meet the criteria for curing, as described below, are projected to default immediately. 2) Banks with high, near team default risk are identified using a CAMELS model, and projected to default immediately. Healthy banks are projected to default at a rate of 2% annually for 2 years, and 0.36% annually thereafter. 3) Insurance and REIT defaults are projected according to the historical default rates exhibited by companies with the same credit ratings. Historical default rates are doubled in each of the first two years of the projection to account for current economic conditions. Unrated issuers are assumed to have CCC- ratings. Projected Cures 1) Deferring issuers that have definitive agreements to either be acquired or recapitalized. Projected Recoveries 1) Zero for insurance companies, REITs and insolvent banks, and 10% for projected bank deferrals lagged 2 years. Discount Rates 1) Ranging from ~10.26% to ~14.12%, depending on each bond's seniority and remaining subordination after projected losses. Impaired loans 8,800 Appraisal of Collateral (1) Appraisal Adjustments (2) Range (0)% to (53)% Weighted average (29)% Liquidation Expenses (2) Range (0)% to (43)% Weighted average (5)% Other real estate owned 61 Appraisal of Collateral (1), (3) Appraisal Adjustments (2) 0% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses are presented as a percent of the appraisal. The adjustment of appraised value is measured as the effect on fair value as a percentage of unpaid principal. (3) Includes qualitative adjustments by management and estimated liquidation expenses. The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis at December 31, 2014. (Amounts Fair value at December 31, 2014 Valuation Technique Significant Unobservable Input Description of Inputs Trust preferred securities $ 779 Discounted Cash Flow Projected Prepayments 1) Trust preferred securities issued by banks subject to Dodd-Frank's phase-out of trust preferred securities from Tier 1 Capital. All fixed rate within one year; variable rate at increasing intervals depending on spread. 2) Trust preferred securities issued by healthy, well capitalized banks that have fixed rate coupons greater than 8%. 3) 1% annually for all other fixed rate issues and all variable rate issues. 4) Zero for collateral issued by REITs and 2% for insurance companies. Projected Defaults 1) All deferring issuers that do not meet the criteria for curing, as described below, are projected to default immediately. 2) Banks with high, near team default risk are identified using a CAMELS model, and projected to default immediately. Healthy banks are projected to default at a rate of 2% annually for 2 years, and 0.36% annually thereafter. 3) Insurance and REIT defaults are projected according to the historical default rates exhibited by companies with the same credit ratings. Historical default rates are doubled in each of the first two years of the projection to account for current economic conditions. Unrated issuers are assumed to have CCC- ratings. Projected Cures 1) Deferring issuers that have definitive agreements to either be acquired or recapitalized. Projected Recoveries 1) Zero for insurance companies, REITs and insolvent banks, and 10% for projected bank deferrals lagged 2 years. Discount Rates 1) Ranging from ~10.24% to ~15.75%, depending on each bond's seniority and remaining subordination after projected losses. Impaired loans 6,288 Appraisal of Collateral (1) Appraisal Adjustments (2) Range (0)% to (40)% Weighted average (23)% Liquidation Expenses (2) Range (0)% to (33)% Weighted average (6)% Other real estate owned 40 Appraisal of Collateral (1), (3) Appraisal Adjustments (2) 0% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses are presented as a percent of the appraisal. The adjustment of appraised value is measured as the effect on fair value as a percentage of unpaid principal. (3) Includes qualitative adjustments by management and estimated liquidation expenses.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Accumulated Other Comprehensive (Loss) Income	NOTE 12 - ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The following table presents the changes in accumulated other comprehensive loss or income by component net of tax for the years ended December 31, 2015 and 2014. (Amounts in thousands) Unrealized gains (losses) on available-for-sale securities (a) Change in pension and postretirement obligations Balance as of December 31, 2013 $ (2,860 ) $ (28 ) Other comprehensive income before reclassification 3,607 45 Amount reclassified from accumulated other comprehensive loss (388 ) — Total other comprehensive income 3,219 45 Balance as of December 31, 2014 $ 359 $ 17 Other comprehensive income before reclassification (457 ) (108 ) Amount reclassified from accumulated other comprehensive loss (49 ) — Total other comprehensive loss (506 ) (108 ) Balance as of December 31, 2015 $ (147 ) $ (91 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. The following table presents significant amounts reclassified out of each component of accumulated other comprehensive loss or income for the years ended December 31, 2015 and 2014. (Amounts in thousands) December 31, 2015 Amount reclassified from accumulated other comprehensive loss Affected line item in the statement where net income is presented Details about other comprehensive income or loss: Unrealized gains on available-for-sale securities $ (75 ) Investment securities available-for-sale gains, net 26 Federal income tax expense $ (49 ) Net of tax (Amounts in thousands) December 31, 2014 Amount reclassified from accumulated other comprehensive income Affected line item in the statement where net income is presented Details about other comprehensive income or loss: Unrealized gains on available-for-sale securities $ (588 ) Investment securities available-for-sale gains, net 200 Federal income tax expense $ (388 ) Net of tax

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2015
Banking And Thrift [Abstract]
Regulatory Matters	NOTE 13 - REGULATORY MATTERS The Company and the Bank are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings, and other factors, and the regulators can lower classifications in certain cases. Failure to meet various capital requirements can initiate regulatory action that could have a direct material effect on the financial statements. In July 2013, the Board of Governors of the Federal Reserve Board and the FDIC approved the final rules implementing the Basel Committee on Banking Supervision's capital guidelines for U.S. banks (commonly known as Basel III). Under the final rules, which began for the Company and the Bank on January 1, 2015 and are subject to a phase-in period through January 1, 2019, minimum requirements will increase for both the quantity and quality of capital held by the Company and the Bank. The rules include a new common equity Tier 1 capital to risk-weighted assets ratio (CET1 ratio) of 4.5% and a capital conservation buffer of 2.5% of risk-weighted assets, which when fully phased-in, effectively results in a minimum CET1 ratio of 7.0%. Basel III raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0% (which, with the capital conservation buffer, effectively results in a minimum Tier 1 capital ratio of 8.5% when fully phased-in), effectively results in a minimum total capital to risk-weighted assets ratio of 10.5% (with the capital conservation buffer fully phased-in), and requires a minimum leverage ratio of 4.0%. Basel III also makes changes to risk weights for certain assets and off-balance-sheet exposures. Management expects that the capital ratios for the Company and the Bank under Basel III will continue to exceed the well capitalized minimum capital requirements. At December 31, 2015 and December 31, 2014, actual capital levels and minimum required levels for the Company were: (Amounts in thousands) Actual Minimum required for capital adequacy purposes December 31, 2015 Amount Ratio Amount Ratio CET1 capital (to risk-weighted assets) $ 56,922 12.78 % $ 20,043 4.5 % Tier 1 capital (to risk-weighted assets) 61,922 13.90 % 26,723 6.0 % Total capital (to risk-weighted assets) 67,199 15.09 % 35,631 8.0 % Tier 1 capital (to average assets) 61,922 10.62 % 23,314 4.0 % (Amounts in thousands) Actual Minimum required for capital adequacy purposes December 31, 2014 Amount Ratio Amount Ratio Tier 1 capital (to risk-weighted assets) $ 58,705 14.58 % $ 16,106 4.0 % Total capital (to risk-weighted assets) 63,704 15.82 % 32,212 8.0 % Tier 1 capital (to average assets) 58,705 10.66 % 22,024 4.0 % Approximately $5.0 million of trust preferred securities outstanding at December 31, 2015 and December 31, 2014, respectively, qualified as Tier 1 capital. Refer to Note 7, “Subordinated Debt.” The Bank was categorized as "well capitalized" at December 31, 2015 and December 31, 2014.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 14 - RELATED PARTY TRANSACTIONS Certain directors, executive officers and companies with whom they are affiliated were loan customers during 2015. The following is an analysis of such loans: (Amounts in thousands) Total related-party loans at December 31, 2014 $ 4,165 New related-party loans 2,147 Repayments or other (1,942 ) Total related-party loans at December 31, 2015 $ 4,370 Deposits from executive officers, directors, and their affiliates at December 31, 2015 and 2014 were $2.5 million and $2.6 million, respectively. The banking relationships were made in the ordinary course of business with the Bank.

Condensed Financial Information

Condensed Financial Information - Parent Company	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Financial Information - Parent Company	NOTE 15 - CONDEN S Below is condensed financial information of Cortland Bancorp (parent company only). In this information, the Parent’s investment in subsidiaries is stated at cost, including equity in the undistributed earnings of the subsidiaries, adjusted for any unrealized gains or losses on available-for-sale securities. BALANCE SHEETS (Amounts in thousands) December 31, 2015 2014 ASSETS Cash $ 122 $ 96 Investment in bank subsidiary 52,848 52,082 Investment in non-bank subsidiary — 15 Subordinated note from subsidiary bank 6,000 6,000 Other assets 3,833 3,650 Total assets $ 62,803 $ 61,843 LIABILITIES Other liabilities $ 964 $ 836 Subordinated debt (Note 7) 5,155 5,155 Total liabilities 6,119 5,991 SHAREHOLDERS’ EQUITY Common stock 23,641 23,641 Additional paid-in capital 20,833 20,833 Retained earnings 17,851 14,555 Accumulated other comprehensive (loss) income (238 ) 376 Treasury stock (5,403 ) (3,553 ) Total shareholders’ equity 56,684 55,852 Total liabilities & shareholders’ equity $ 62,803 $ 61,843 STATEMENTS OF COMPREHENSIVE INCOME (Amounts in thousands) Years ended December 31 , 2015 2014 2013 Dividends from bank subsidiary $ 3,310 $ 1,013 $ 544 Interest and dividend income 97 93 96 Other income 63 62 99 Interest on subordinated debt (91 ) (88 ) (90 ) Other expenses (513 ) (311 ) (380 ) Income before income tax and equity in undistributed earnings of subsidiaries 2,866 769 269 Income tax benefit 133 95 104 Equity in undistributed earnings of subsidiaries 1,379 3,005 1,411 Net income $ 4,378 $ 3,869 $ 1,784 Comprehensive income $ 3,764 $ 7,133 $ 603 STATEMENTS OF CASH FLOWS (Amounts in thousands) Years ended December 31 , 2015 2014 2013 Cash flow from operating activities Net income $ 4,378 $ 3,869 $ 1,784 Adjustments to reconcile net income to net cash deficit from operating activities: Equity in undistributed net income of subsidiaries (1,379 ) (3,005 ) (1,411 ) Deferred tax benefit (6 ) — (6 ) Change in other assets and liabilities (35 ) (156 ) 113 Net cash flow from operating activities 2,958 708 480 Cash deficit from financing activities Dividends paid (1,082 ) (816 ) (544 ) Treasury shares reissued — — 24 Treasury shares purchased (1,850 ) — — Net cash deficit from financing activities (2,932 ) (816 ) (520 ) Net change in cash 26 (108 ) (40 ) Cash Beginning of year 96 204 244 End of year $ 122 $ 96 $ 204

Dividend Restrictions

Dividend Restrictions	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Dividend Restrictions	NOTE 16 - DIVIDEND RESTRICTIONS The Bank is subject to a dividend restriction that generally limits the amount of dividends that can be paid by an Ohio state-chartered bank. Under the Ohio Banking Code, cash dividends may not exceed net profits as defined for that year combined with retained net profits for the two preceding years less any required transfers to surplus. Under this formula, the amount available for payment of dividends in 2016 is $4.4 million plus 2016 profits retained up to the date of the dividend declaration.

Litigation

Litigation	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Litigation	NOTE 17 – LITIGATION The Bank is involved in legal actions arising in the ordinary course of business. In the opinion of management, the outcomes from these other matters, either individually or in the aggregate, are not expected to have any material effect on the Company.

Stock Repurchase Program

Stock Repurchase Program	12 Months Ended
	Dec. 31, 2015
Stock Repurchase Program [Abstract]
Stock Repurchase Program	NOTE 18 – STOCK REPURCHASE PROGRAM On March 24, 2015, the Company’s Board of Directors adopted a Stock Repurchase Program which allowed the Company to repurchase up to 200,000 shares or approximately 4.4% of its 4,527,849 outstanding common shares in the open market or in privately negotiated transactions in accordance with applicable regulations of the Securities and Exchange Commission. Based on the value of the Company’s stock on March 24, 2015, the commitment to repurchase the stock during the program was approximately $3.1 million. Repurchased shares are designated as treasury shares, available for general corporate purposes, including possible use in connection with the Company’s dividend reinvestment program, employee benefit plans, acquisitions or other distributions. As of December 31, 2015, the Company had repurchased 123,066 shares under the program to date. On January 26, 2016, the Company’s Board of Directors approved a new program which allows the Company to repurchase up to 100,000 shares, or approximately 2.3% of the 4,404,783 shares outstanding at January 26, 2016, of the Company’s outstanding common stock. This program will terminate on December 31, 2016 or upon purchase of 100,000 shares if earlier or at any time without prior notice.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation
Industry Segment Information	Industry Segment Information
Use of Estimates	Use of Estimates
Cash Flow	Cash Flow
Investment Securities	Investment Securities Available-for-sale securities are carried at fair value with unrealized gains and losses recorded as a separate component of shareholders’ equity, net of tax. Realized gains or losses on dispositions are based on net proceeds and the adjusted carrying amount of securities sold, using the specific identification method. Interest income includes amortization of purchase premium or discount and is amortized on the level-yield method without anticipating payments, except for U.S. Government mortgage-backed and related securities where twelve months of historical prepayments are taken into consideration. Trading securities are carried at fair value with valuation adjustments included in non-interest income.
Other-than-Temporary Investment Security Impairment	Other-than-Temporary Investment Security Impairment
Loans	Loans
Loans Held for Sale	Loans Held for Sale
Allowance for Loan Losses (ALLL) and Allowance for Losses on Lending Related Commitments	Allowance for Loan Losses (ALLL) and Allowance for Losses on Lending Related Commitments Estimating the risk of loss and the amount of loss on any loan is necessarily subjective. Accordingly, the allowance is maintained by management at a level considered adequate to cover possible losses that are currently anticipated. Estimates of credit losses should reflect consideration of all significant factors that affect collectability of the portfolio. While historical loss experience provides a reasonable starting point, historical losses, or even recent trends in losses are not, by themselves, a sufficient basis to determine the appropriate level for the ALLL. Management will also consider any factors that are likely to cause estimated credit losses associated with the Bank’s current portfolio to differ from historical loss experience. Factors include, but are not limited to, changes in lending policies and procedures, including underwriting standards and collection, charge-offs, and recovery practices; changes in economic trends; changes in the nature and volume of the portfolio; changes in the experience and ability of lending management and the depth of staff; changes in the trend, volume and severity of past-due and classified loans, and trends in the volume of non-accrual loans; the existence and effect of any concentrations of credit and changes in the level of such concentrations; levels and trends in classification; declining trends in performance; structure and lack of performance measures and migration between risk classifications. Key risk factors and assumptions are updated to reflect actual experience and changing circumstances. While management may periodically allocate portions of the ALLL for specific problem loans, the entire ALLL is available for any charge-offs that occur. Certain collateral dependent loans are evaluated individually for impairment, based on management’s best estimate of discounted cash repayments and the anticipated proceeds from liquidating collateral. The actual timing and amount of repayments and the ultimate realizable value of the collateral may differ from management’s estimates. The expected loss for certain other commercial credits utilizes internal risk ratings. These loss estimates are sensitive to changes in the customer’s risk profile, the realizable value of collateral, other risk factors and the related loss experience of other credits of similar risk. Consumer credits generally employ statistical loss factors, adjusted for other risk indicators, applied to pools of similar loans stratified by asset type. These loss estimates are sensitive to changes in delinquency status and shifts in the aggregate risk profile. The Company maintains an allowance for losses on unfunded commercial lending commitments to provide for the risk of loss inherent in these arrangements. The allowance is computed using a methodology similar to that used to determine the allowance for loan losses. This allowance is reported as a liability on the Consolidated Balance Sheets within other liabilities, while the corresponding provision for these losses is recorded as a component of other operating expense.
Loan Charge-off Policies	Loan Charge-off Policies
Troubled Debt Restructurings (TDR)	Troubled Debt Restructurings (TDR)
Premises and Equipment	Premises and Equipment
Other Real Estate	Other Real Estate
Cash Surrender Value of Life Insurance	Cash Surrender Value of Life Insurance
Endorsement Split-Dollar Life Insurance Arrangement	Endorsement Split-Dollar Life Insurance Arrangement
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities
Advertising and Marketing	Advertising and Marketing
Income Taxes	Income Taxes
Other Comprehensive (Loss) Income	Other Comprehensive (Loss) Income
Per Share Amounts	Per Share Amounts
Off-Balance Sheet Financial Instruments	Off-Balance Sheet Financial Instruments
Reclassifications	Reclassifications
Authoritative Accounting Guidance	Authoritative Accounting Guidance In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. . In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target Could Be Achieved After the Requisite Service Period In August 2014, the FASB issued ASU 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements -Going Concern (Subtopic In November 2014, the FASB issued ASU 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). In November 2014, the FASB issued ASU 2014-17, Business Combinations (Topic 805): Pushdown Accounting. In January 2015, the FASB issued ASU 2015-01, Income Statement –Extraordinary and Unusual Items, In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) In April 2015, the FASB issued ASU 2015-04, Compensation-Retirement Benefits (Topic 715), In April 2015, the FASB issued ASU 2015-06, Earnings Per Share (Topic 260): Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions. Earnings Per Share Application of the Two-Class Method Under FASB Statement No. 128 to Master Limited Partnerships In May 2015, the FASB issued ASU 2015-08 , Business Combinations – Pushdown Accounting – Amendment to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. The Company is evaluating the effect of adopting this new accounting Update. In August 2015, the FASB issued ASU 2015-15, Interest – Imputation of Interest (Subtopic 835-30): Presentation And Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements - Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting 015 Emerging Issues Task Force meeting about the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. This Update is not expected to have a significant impact on the Company’s financial statements. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805). fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. This Update is not expected to have a significant impact on the Company’s financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes This Update is not expected to have a significant impact on the Company’s financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities This Update is not expected to have a significant impact on the Company’s financial statements.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Computation of Basic Earnings Per Common Share	The following table sets forth the computation of basic earnings per common share: Years ended December 31, 2015 2014 2013 Net income (amounts in thousands) $ 4,378 $ 3,869 $ 1,784 Weighted average common shares outstanding 4,497,825 4,527,848 4,527,350 Earnings per share $ 0.97 $ 0.85 $ 0.39

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Investments Debt And Equity Securities [Abstract]
Summary of Investment Securities Available-for-Sale	The following is a summary of investment securities available-for-sale: (Amounts in thousands) December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies and corporations $ 12,555 $ 136 $ 68 $ 12,623 Obligations of states and political subdivisions 50,139 1,386 120 51,405 U.S. Government-sponsored mortgage-backed securities 70,193 165 679 69,679 U.S. Government-sponsored collateralized mortgage obligations 13,665 — 135 13,530 U.S. Government-guaranteed small business administration pools 2,883 — 46 2,837 Trust preferred securities 1,640 — 862 778 Total debt securities 151,075 1,687 1,910 150,852 Federal Home Loan Bank (FHLB) stock 2,823 — — 2,823 Federal Reserve Bank (FRB) stock 226 — — 226 Total regulatory stock 3,049 — — 3,049 Total investment securities available-for-sale $ 154,124 $ 1,687 $ 1,910 $ 153,901 (Amounts in thousands) December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities $ 100 $ 1 $ — $ 101 U.S. Government agencies and corporations 8,640 88 80 8,648 Obligations of states and political subdivisions 48,547 1,667 123 50,091 U.S. Government-sponsored mortgage-backed securities 85,675 353 441 85,587 U.S. Government-sponsored collateralized mortgage obligations 14,030 26 64 13,992 Trust preferred securities 1,662 — 883 779 Total debt securities 158,654 2,135 1,591 159,198 Federal Home Loan Bank (FHLB) stock 2,823 — — 2,823 Federal Reserve Bank (FRB) stock 226 — — 226 Total regulatory stock 3,049 — — 3,049 Total investment securities available-for-sale $ 161,703 $ 2,135 $ 1,591 $ 162,247
Summary of Realized and Unrealized Gains and Losses on Trading Securities	(Amounts in thousands) 2015 2014 2013 Unrealized gains $ 7 $ 39 $ 52 Unrealized losses (3 ) (4 ) (3 ) Net unrealized gains 4 35 49 Net realized (losses) gains (15 ) 292 136 Trading securities (losses) gains, net $ (11 ) $ 327 $ 185
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity	The amortized cost and fair value of debt securities at December 31, 2015, by contractual maturity, are shown below. Actual maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. (Amounts in thousands) Amortized Cost Fair Value Due in one year or less $ — $ — Due after one year through five years 4,022 4,165 Due after five years through ten years 21,834 22,234 Due after ten years 41,361 41,244 Total 67,217 67,643 U.S. Government-sponsored mortgage-backed and related securities 83,858 83,209 Total debt securities $ 151,075 $ 150,852
Proceeds and Gains or Losses Realized on Available for Sale Securities Sold or Called	The following table sets forth the proceeds, gains and losses realized on securities sold or called for each of the years ended December 31: (Amounts in thousands) 2015 2014 2013 Proceeds on securities sold $ 12,291 $ 32,733 $ 29,338 Gross realized gains 135 1,170 658 Gross realized losses 60 582 123
Fair Value of Securities with Unrealized Losses and an Aging of those Unrealized Losses	The following is a summary of the fair value of securities with unrealized losses and an aging of those unrealized losses at December 31, 2015: (Amounts in thousands) Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies and corporations $ 1,974 $ 25 $ 1,947 $ 43 $ 3,921 $ 68 Obligations of states and political subdivisions 5,439 61 2,125 59 7,564 120 U.S. Government-sponsored mortgage-backed securities 35,081 315 16,575 364 51,656 679 U.S. Government-sponsored collateralized mortgage obligations 13,530 135 — — 13,530 135 U.S. Government-guaranteed small business administration pools 2,837 46 — — 2,837 46 Trust preferred securities — — 778 862 778 862 Total $ 58,861 $ 582 $ 21,425 $ 1,328 $ 80,286 $ 1,910 The above table represents 34 investment securities where the fair value is less than the related amortized cost. The following is a summary of the fair value of securities with unrealized losses and an aging of those unrealized losses at December 31, 2014: (Amounts in thousands) Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies and corporations $ 335 $ 2 $ 1,910 $ 78 $ 2,245 $ 80 Obligations of states and political subdivisions 2,456 18 4,159 105 6,615 123 U.S. Government-sponsored mortgage-backed securities 14,460 33 31,550 408 46,010 441 U.S. Government-sponsored collateralized mortgage obligations 2,273 30 3,145 34 5,418 64 Trust preferred securities — — 779 883 779 883 Total $ 19,524 $ 83 $ 41,543 $ 1,508 $ 61,067 $ 1,591
Summary of Net Impairment Losses in Earnings and Impairment Losses Recognized in Other Comprehensive Income	The Company recorded impairment credit losses in earnings (before tax) and non-credit impairment losses in other comprehensive (loss) income (before tax) as indicated in the following table: (Amounts in thousands) December 31, 2015 2014 2013 Trust preferred securities: Net impairment losses recognized in earnings (before tax) $ — $ — $ 1,954 Impairment losses recognized in other comprehensive income (before tax) $ — $ — $ 3,595
Other than Temporary Impairment Credit Losses Recognized in Earnings	The following provides a cumulative roll forward of credit losses recognized in earnings for trust preferred securities held for the years ended: (Amounts in thousands) December 31, 2015 2014 2013 Beginning balance $ 140 $ 2,305 $ 351 Reduction for debt securities for which other-than-temporary impairment has been previously recognized and there is no related other comprehensive income — — — Credit losses on debt securities for which other-than-temporary impairment has not been previously recognized — — 1,954 Additional credit losses on debt securities for which other-than-temporary impairment was previously recognized — — — Sale of debt securities (2,165 ) — Ending balance $ 140 $ 140 $ 2,305

Loans and Allowance for Loan 30

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Composition of the Loan Portfolio	The following represents the composition of the loan portfolio for the period ending: (Amounts in thousands) December 31, 2015 2014 Balance % Balance % Commercial $ 84,613 21.5 $ 72,330 20.1 Commercial real estate 237,137 60.1 223,536 62.1 Residential real estate 45,414 11.5 38,875 10.8 Consumer - home equity 23,334 5.9 21,328 5.9 Consumer - other 3,756 1.0 4,116 1.1 Total loans $ 394,254 $ 360,185
Certain Qualitative Factors Considered in Measuring Risk Trends	These factors include, but are not limited to, the following: Factor Considered: Risk Trend: Levels of and trends in charge-offs, classifications and non-accruals Stable Trends in volume and terms Increasing Changes in lending policies and procedures Decreasing Experience, depth and ability of management Stable Economic trends Decreasing Concentrations of credit Increasing
Factors Analyzed and Applied to Loans Internally Graded with Higher Credit Risk	The following factors are analyzed and applied to loans internally graded with higher risk credit in addition to the above factors for non-classified loans: Factor Considered: Risk Trend: Levels and trends in classification Stable Declining trends in financial performance Stable Structure and lack of performance measures Stable Migration between risk categories Stable
Analysis of Changes in the Allowance for Loan Losses	The following is an analysis of changes in the allowance for loan losses for the periods ended: (Amounts in thousands) December 31, 2015 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 2,064 $ 2,754 $ 229 $ 60 $ 95 5,202 Loan charge-offs (470 ) (84 ) (45 ) — (124 ) (723 ) Recoveries 134 10 37 17 62 260 Net loan recoveries (charge-offs) (336 ) (74 ) (8 ) 17 (62 ) (463 ) Provision charged to operations 249 246 (68 ) (25 ) 53 455 Balance at end of period $ 1,977 $ 2,926 $ 153 $ 52 $ 86 $ 5,194 (Amounts in thousands) December 31, 2014 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 593 $ 2,638 $ 356 $ 88 $ 89 $ 3,764 Loan charge-offs (123 ) (186 ) (93 ) (48 ) (144 ) (594 ) Recoveries 274 3 16 24 77 394 Net loan recoveries (charge-offs) 151 (183 ) (77 ) (24 ) (67 ) (200 ) Provision charged to operations 1,320 299 (50 ) (4 ) 73 1,638 Balance at end of period $ 2,064 $ 2,754 $ 229 $ 60 $ 95 $ 5,202 (Amounts in thousands) December 31, 2013 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 639 $ 2,616 $ 343 $ 123 $ 104 $ 3,825 Loan charge-offs (1 ) (782 ) (81 ) (12 ) (146 ) (1,022 ) Recoveries 167 11 26 18 89 311 Net loan recoveries (charge-offs) 166 (771 ) (55 ) 6 (57 ) (711 ) Provision charged to operations (212 ) 793 68 (41 ) 42 650 Balance at end of period $ 593 $ 2,638 $ 356 $ 88 $ 89 $ 3,764
Allowance for Loan Losses and the Recorded Investment in Loans	The following tables present a full breakdown by portfolio segment, the changes in the allowance for loan losses and the recorded investment in loans for the periods ended December 31, 2015 and 2014: (Amounts in thousands) December 31, 2015 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 834 $ 178 $ — $ — $ — $ 1,012 Collectively evaluated for impairment 1,143 2,748 153 52 86 4,182 Total ending allowance balance $ 1,977 $ 2,926 $ 153 $ 52 $ 86 $ 5,194 Loan Portfolio: Individually evaluated for impairment $ 1,347 $ 8,465 $ — $ — $ — $ 9,812 Collectively evaluated for impairment 83,266 228,672 45,414 23,334 3,756 384,442 Total ending loan balance $ 84,613 $ 237,137 $ 45,414 $ 23,334 $ 3,756 $ 394,254 (Amounts in thousands) December 31, 2014 Commercial Commercial real estate Residential real estate Consumer - home equity Consumer - other Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 1,316 $ 148 $ — $ — $ — $ 1,464 Collectively evaluated for impairment 748 2,606 229 60 95 3,738 Total ending allowance balance $ 2,064 $ 2,754 $ 229 $ 60 $ 95 $ 5,202 Loan Portfolio: Individually evaluated for impairment $ 2,023 $ 5,729 $ — $ — $ — $ 7,752 Collectively evaluated for impairment 70,307 217,807 38,875 21,328 4,116 352,433 Total ending loan balance $ 72,330 $ 223,536 $ 38,875 $ 21,328 $ 4,116 $ 360,185
Summary of Credit Quality Indicators by Internally Assigned Grade	The following is a summary of credit quality indicators by internally assigned grade as of December 31, 2015 and 2014. (Amounts in thousands) Commercial Commercial real estate December 31, 2015 Pass $ 77,095 $ 219,958 Special Mention 4,216 7,707 Substandard 3,302 9,472 Doubtful — — Ending Balance $ 84,613 $ 237,137 (Amounts in thousands) Commercial Commercial real estate December 31, 2014 Pass $ 65,339 $ 205,890 Special Mention 4,963 10,209 Substandard 2,028 7,437 Doubtful — — Ending Balance $ 72,330 $ 223,536
Summary of Consumer Credit Exposure	The following is a summary of consumer credit exposure as of December 31, 2015 and 2014. (Amounts in thousands) Residential real estate Consumer - home equity Consumer- other December 31, 2015 Performing $ 44,162 $ 23,072 $ 3,756 Nonperforming 1,252 262 — Total $ 45,414 $ 23,334 $ 3,756 (Amounts in thousands) Residential real estate Consumer - home equity Consumer- other December 31, 2014 Performing $ 37,544 $ 21,179 $ 4,110 Nonperforming 1,331 149 6 Total $ 38,875 $ 21,328 $ 4,116
Summary of Classes of Loans on Non-Accrual Status	The following is a summary of classes of loans on non-accrual status as of: (Amounts in thousands) December 31, 2015 2014 Commercial $ 1,196 $ 1,824 Commercial real estate 2,176 2,247 Residential real estate 1,252 1,331 Consumer: Consumer - home equity 262 149 Consumer - other — 6 Total $ 4,886 $ 5,557
Information Related to Loans Modified in a TDR	The following presents, by class, information related to loans modified in a TDR during the periods ended: (Dollar amounts in thousands) December 31, 2015 Number of contracts Pre-modification recorded investment Post-modification recorded investment Increase in the allowance Commercial real estate 2 $ 3,154 $ 3,154 $ — Subsequently defaulted — $ — There were no loans modified as TDRs during the year ended December 31, 2014. (Dollar amounts in thousands) December 31, 2013 Number of contracts Pre-modification recorded investment Post-modification recorded investment Increase in the allowance Commercial 5 $ 438 $ 438 $ 20 Commercial real estate 7 2,348 2,348 — Total restructured loans 12 $ 2,786 $ 2,786 $ 20 Subsequently defaulted — $ —
Aging Analysis of the Recorded Investment of Past Due Loans	The following is an aging analysis of the recorded investment of past due loans as of the periods ended December 31, 2015 and 2014: (Amounts in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days and Accruing December 31, 2015 Commercial $ 178 $ — $ 1,196 $ 1,374 $ 83,239 $ 84,613 $ — Commercial real estate 248 1,480 2,055 3,783 233,354 237,137 — Residential real estate 163 131 1,240 1,534 43,880 45,414 — Consumer: Consumer - home equity 29 117 262 408 22,926 23,334 — Consumer - other 10 — — 10 3,746 3,756 — Total $ 628 $ 1,728 $ 4,753 $ 7,109 $ 387,145 $ 394,254 $ — (Amounts in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days and Accruing December 31, 2014 Commercial $ 54 $ 282 $ 1,542 $ 1,878 $ 70,452 $ 72,330 $ — Commercial real estate 574 1,774 2,115 4,463 219,073 223,536 — Residential real estate 122 173 1,144 1,439 37,436 38,875 — Consumer: Consumer - home equity 61 — 149 210 21,118 21,328 — Consumer - other 15 — 6 21 4,095 4,116 — Total $ 826 $ 2,229 $ 4,956 $ 8,011 $ 352,174 $ 360,185 $ —
Recorded Investment, Unpaid Principal Balances, Average Recorded Investments and Interest Recognized on Impaired Loans, Excluding Homogenous Loans for Which Impaired Analyses are Not Necessarily Performed	The following table presents the recorded investment and unpaid principal balances for impaired loans, excluding homogenous loans for which impaired analyses are not necessarily performed, with the associated allowance amount, if applicable, at December 31, 2015 and 2014. Also presented are the average recorded investments in the impaired balances and interest income recognized after impairment for the years ended December 31, 2015, 2014 and 2013. (Amounts in thousands) Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2015 With no related allowance recorded: Commercial $ 232 $ 264 $ — Commercial real estate 7,222 7,424 — With an allowance recorded: Commercial 1,115 1,552 834 Commercial real estate 1,243 1,243 178 Total: Commercial $ 1,347 $ 1,816 $ 834 Commercial real estate $ 8,465 $ 8,667 $ 178 (Amounts in thousands) Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2014 With no related allowance recorded: Commercial $ 457 $ 457 $ — Commercial real estate 4,498 5,242 — With an allowance recorded: Commercial 1,566 1,566 1,316 Commercial real estate 1,231 1,231 148 Total: Commercial $ 2,023 $ 2,023 $ 1,316 Commercial real estate $ 5,729 $ 6,473 $ 148 (Amounts in thousands) Average Recorded Investment Interest Income Recognized December 31, 2015 With no related allowance recorded: Commercial $ 322 $ 13 Commercial real estate 4,842 181 With an allowance recorded: Commercial 1,341 — Commercial real estate 1,160 84 Total: Commercial $ 1,663 $ 13 Commercial real estate $ 6,002 $ 265 (Amounts in thousands) Average Recorded Investment Interest Income Recognized December 31, 2014 With no related allowance recorded: Commercial $ 257 $ 17 Commercial real estate 4,069 158 With an allowance recorded: Commercial 311 — Commercial real estate 1,430 73 Total: Commercial $ 568 $ 17 Commercial real estate $ 5,499 $ 231 (Amounts in thousands) Average Recorded Investment Interest Income Recognized December 31, 2013 With no related allowance recorded: Commercial $ 123 $ 6 Commercial real estate 1,638 117 With an allowance recorded: Commercial 73 — Commercial real estate 3,015 95 Total: Commercial $ 196 $ 6 Commercial real estate $ 4,653 $ 212

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Summary of Premises and Equipment	The following is a summary of premises and equipment: (Amounts in thousands) December 31, 2015 2014 Land $ 2,746 $ 2,673 Premises 9,689 8,298 Equipment 8,970 8,440 Leasehold improvements 222 219 Total premises and equipment 21,627 19,630 Less accumulated depreciation 12,437 11,933 Net book value $ 9,190 $ 7,697

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Deposits [Abstract]
Summary of Interest-Bearing Deposits	The following is a summary of interest-bearing deposits: (Amounts in thousands) December 31, 2015 2014 Demand $ 38,078 $ 33,146 Money market 104,334 84,277 Savings 114,021 114,400 Time: In denominations $250,000 or under 98,833 91,802 In denominations of over $250,000 32,994 38,405 Total $ 388,260 $ 362,030
Stated Maturities of Time Deposits	Stated maturities of time deposits were as follows: (Amounts in thousands) 2015 2016 $ 92,256 2017 5,691 2018 4,221 2019 2,631 2020 8,734 2021 and beyond 18,294 Total $ 131,827
Summary of Time Deposits of One Hundred Thousand or More by Remaining Maturities	The following is a summary of time deposits of $100,000 or more by remaining maturities: (Amounts in thousands) December 31, 2015 Certificates of Deposit Other Time Deposits Total Three months or less $ 21,269 $ 1,116 $ 22,385 Three to six months 11,786 — 11,786 Six to twelve months 24,881 500 25,381 One through five years 6,166 2,050 8,216 Over five years 4,229 2,206 6,435 Total $ 68,331 $ 5,872 $ 74,203

Federal Home Loan Bank (FHLB)33

Federal Home Loan Bank (FHLB) Advances and Other Short-Term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure Federal Home Loan Bank F H L B Advances And Other Borrowings Details [Line Items]
Summary of FHLB Advances and Other Short-Term Borrowings	The following is a summary of FHLB advances and other short term borrowings: (Amounts in thousands) December 31, Weighted Average Interest Rate 2015 2014 FHLB advances - long term: Fixed rate payable and convertible fixed rate FHLB advances, with monthly interest payments: Due in 2015 $ — $ 4,000 Due in 2016 1.99 % 5,000 5,000 Due in 2017 3.77 % 18,000 16,000 Due in 2018 1.17 % 2,000 — Total FHLB advances - long term 3.20 % 25,000 25,000 FHLB advances - short term: Short term 0.39 % 8,000 9,500 Cash management 0.36 % 9,000 6,000 Total FHLB advances - short term 0.37 % 17,000 15,500 Total FHLB advances 2.06 % 42,000 40,500 Other short term borrowings: Securities sold under repurchase agreements 0.11 % 2,499 4,259 Total FHLB advances and other short term borrowings 1.95 % $ 44,499 $ 44,759
Summary of Other Short Term Borrowings	The following is a summary of other short term borrowings: (Amounts in thousands) 2015 2014 2013 Average balance during the year $ 4,082 $ 4,141 $ 3,453 Average interest rate during the year 0.10 % 0.07 % 0.09 % Maximum month-end balance during the year $ 7,541 $ 5,795 $ 4,022 Weighted average interest rate at year end 0.11 % 0.07 % 0.07 % The following table provides additional detail regarding other short term borrowings: (Amounts in thousands) Repurchase Agreements (Sweep) Accounted for as Secured Borrowings At December 31, 2015 At December 31, 2014 Remaining Contractual Maturity of the Agreements Overnight and Continuous Overnight and Continuous Repurchase agreements: U.S. Government-sponsored mortgage-backed securities $ 4,729 $ 6,137 U.S. Government-sponsored collateralized mortgage obligations 1,088 1,361 Total collateral carrying value $ 5,817 $ 7,498 Total short-term borrowings $ 2,499 $ 4,259
Federal Home Loan Bank Advances
Disclosure Federal Home Loan Bank F H L B Advances And Other Borrowings Details [Line Items]
Summary of Other Short Term Borrowings	The following is a summary of FHLB advances – short term: (Amounts in thousands) 2015 2014 2013 Average balance during the year $ 14,674 $ 17,541 $ 4,559 Average interest rate during the year 0.27 % 0.89 % 0.15 % Maximum month-end balance during the year $ 23,500 $ 22,500 $ 13,000 Weighted average interest rate at year end 0.37 % 0.25 % 0.12 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Summary of Remaining Future Minimum Lease Payments	The following is a summary of remaining future minimum lease payments under current non-cancelable operating leases for office facilities: (Amounts in thousands) Years ending: December 31, 2016 $ 236 December 31, 2017 133 December 31, 2018 79 December 31, 2019 46 December 31, 2020 46 Later years 4 Total $ 544
Summary of Contractual Commitments	The following is a summary of such contractual commitments: (Amounts in thousands) December 31, 2015 2014 Commitments to extend credit: Fixed rate $ 13,311 $ 13,825 Variable rate 45,929 49,897 Standby letters of credit 3,508 608
Summary of Overdraft Protection	The following table is a summary of overdraft protection for the periods indicated: (Amounts in thousands) December 31, 2015 2014 Overdraft protection available on depositors' accounts $ 9,598 $ 9,632 Balance of overdrafts included in loans 80 108 Average daily balance of overdrafts 99 117 Average daily balance of overdrafts as a percentage of available 1.03 % 1.21 %
Summary of Information Regarding Derivatives	Summary information regarding these derivatives is presented below: (Amounts in thousands) Fair Value December 31, Notional Amount Interest Rate Paid Interest Rate Received 2015 2014 Customer interest rate swap Maturing in 2020 $ 2,680 BBA 1 Mo. + Margin Fixed $ 35 $ — Maturing in 2025 5,921 1 Mo. Libor + Margin Fixed 136 — Total $ 8,601 $ 171 $ — Third party interest rate swap Maturing in 2020 $ 2,680 Fixed BBA 1 Mo. + Margin $ (35 ) $ — Maturing in 2025 5,921 Fixed 1 Mo. Libor + Margin (136 ) — Total $ 8,601 $ (171 ) $ —
Schedule of Fair Values of Derivative Instruments	The following table presents the fair values of derivative instruments in the balance sheet. (Amounts in thousands) Assets Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value December 31, 2015 Interest rate derivatives Other assets $ 171 Other liabilities $ 171

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Reconcilement of the Accumulated Liability for the Benefit Obligation	The following table reconciles the accumulated liability for the benefit obligation of these agreements: (Amounts in thousands) Years Ended December 31, 2015 2014 2013 Beginning balance $ 2,549 $ 2,396 $ 2,218 Benefit expense 369 308 327 Benefit payments (158 ) (155 ) (149 ) Ending balance $ 2,760 $ 2,549 $ 2,396
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Reconcilement of the Accumulated Liability for the Benefit Obligation	The following table presents the changes in the accumulated liability. (Amounts in thousands) December 31, 2015 2014 2013 Beginning balance $ 616 $ 614 $ 530 Expense recorded 132 47 56 Other comprehensive loss (income) recorded 108 (45 ) 28 Ending balance $ 856 $ 616 $ 614

Federal Income Taxes (Tables)

Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Composition of income tax expense (benefit)	The composition of income tax expense is as follows: (Amounts in thousands) Years Ended December 31 , 2015 2014 2013 Current $ 916 $ 451 $ (8 ) Deferred 303 451 96 Total $ 1,219 $ 902 $ 88
Summary of net deferred taxes included in other assets	The following is a summary of net deferred taxes included in other assets: (Amounts in thousands) December 31, 2015 2014 Gross deferred tax assets: Allowance for loan and other real estate losses $ 1,766 $ 1,769 Deferred loan origination cost - net 314 303 Impairment loss on securities 48 48 Deferred compensation 939 866 AMT credit carryforward 704 928 Unrealized loss on available-for-sale securities 76 — Other items 763 809 Total gross deferred tax assets 4,610 4,723 Valuation allowance (94 ) (94 ) Total net deferred tax assets 4,516 4,629 Gross deferred tax liabilities: Unrealized gain on available-for-sale securities — (185 ) Premises and equipment (586 ) (494 ) Other items (617 ) (595 ) Total net deferred tax liabilities (1,203 ) (1,274 ) Net deferred tax asset $ 3,313 $ 3,355
Reconciliation between tax expense using the statutory tax rate of 34% and the income tax provision	The following is a reconciliation between tax expense using the statutory tax rate of 34% and the income tax provision: (Amounts in thousands) Years Ended December 31 , 2015 2014 2013 Statutory tax expense $ 1,903 $ 1,622 $ 636 Tax effect of non-taxable interest income (600 ) (609 ) (504 ) Tax effect of earnings on bank-owned life insurance-net (115 ) (114 ) (111 ) Tax effect of low income housing credit (54 ) (52 ) 13 Tax effect of non-deductible expenses 85 55 54 Federal income tax expense $ 1,219 $ 902 $ 88

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Assets Reported on Consolidated Balance Sheets at their Fair Value	The following table presents the assets reported on the consolidated balance sheets at their fair value as of December 31, 2015 and December 31, 2014 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. (Amounts in thousands) Fair Value Measurements at December 31, 2015 Using Description December 31, 2015 Quoted Prices in Active Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) ASSETS U.S. Government agencies and corporations $ 12,623 $ — $ 12,623 $ — Obligations of states and political subdivisions 51,405 — 51,405 — U.S. Government-sponsored mortgage-backed securities 69,679 — 69,679 — U.S. Government-sponsored collateralized mortgage obligations 13,530 — 13,530 — U.S. Government-guaranteed small business administration pools 2,837 — 2,837 — Trust preferred securities 778 — — 778 Regulatory stock 3,049 3,049 — — Trading securities 8,134 — 8,134 — Loans held for sale 4,033 4,033 — — Interest rate derivatives 171 — 171 — LIABILITIES Interest rate derivatives $ 171 $ — $ 171 $ — (Amounts in thousands) Fair Value Measurements at December 31, 2014 Using Description December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) ASSETS U.S. Treasury securities $ 101 $ — $ 101 $ — U.S. Government agencies and corporations 8,648 — 8,648 — Obligations of states and political subdivisions 50,091 — 50,091 — U.S. Government-sponsored mortgage-backed securities 85,587 — 85,587 — U.S. Government-sponsored collateralized mortgage obligations 13,992 — 13,992 — Trust preferred securities 779 — — 779 Regulatory stock 3,049 3,049 — — Trading securities 7,861 — 7,861 — Loans held for sale 632 632 — —
Changes in the Level 3 Fair Value Category	The following tables present the changes in the Level 3 fair value category for the years ended December 31, 2015, 2014 and 2013. The Company classifies financial instruments in Level 3 of the fair-value hierarchy when there is reliance on at least one significant unobservable input to the valuation model. In addition to these unobservable inputs, the valuation models for Level 3 financial instruments typically also rely on a number of inputs that are readily observable either directly or indirectly. (Amounts in thousands) December 31, 2015 2014 2013 Trust preferred securities Trust preferred securities Trust preferred securities Beginning balance $ 779 $ 10,136 $ 7,612 Net realized/unrealized gains/(losses) included in: Noninterest income — — (1,954 ) Other comprehensive income 21 835 4,553 Discount accretion (premium amortization) — 7 8 Sales — (10,044 ) — Purchases, issuance, and settlements (22 ) (155 ) (83 ) Ending balance $ 778 $ 779 $ 10,136 Losses included in net income for the period relating to assets held at period end $ — $ — $ (1,954 )
Breakdown of Trust Preferred Securities	The following table details the breakdown of trust preferred securities for the periods indicated: (Dollar amounts in thousands) December 31, 2015 2014 Total number of trust preferred securities 2 2 Par value $ 1,780 $ 1,802 Number not considered OTTI 1 1 Par value $ 780 $ 802 Number considered OTTI 1 1 Par value $ 1,000 $ 1,000 Life-to-date impairment recognized in earnings $ 140 $ 140 Life-to-date impairment recognized in other comprehensive income 862 883 Total life-to-date impairment $ 1,002 $ 1,023
Trust Preferred Security with OTTI, its Credit Rating at Period End and Related Losses Recognized in Earnings	The following table details the one debt security with other-than-temporary impairment, its credit rating at December 31, 2015 and the related loss recognized in earnings: (Dollar amounts in thousands) Moody’s/Fitch Rating Amount of OTTI related to credit loss at January 1, 2015 Additions in QTD March 31, 2015 Additions in QTD June 30, 2015 Additions in QTD September 30, 2015 Additions in QTD December 31, 2015 Amount of OTTI related to credit loss at December 31, 2015 Trapeza IX B-1 Ca/CC $ 140 $ — $ — $ — $ — $ 140 The following table details the one debt security with other-than-temporary impairment, its credit rating at December 31, 2014 and the related losses recognized in earnings: (Dollar amounts in thousands) Moody’s/Fitch Rating Amount of OTTI related to credit loss at January 1, 2014 Additions in QTD March 31, 2014 Additions in QTD June 30, 2014 Additions in QTD September 30, 2014 Additions in QTD December 31, 2014 Amount of OTTI related to credit loss at December 31, 2014 Trapeza IX B-1 Ca/CC $ 140 $ — $ — $ — $ — $ 140
Additional Information Related to the Company's Trust Preferred Securities	The following table provides additional information related to the Company’s trust preferred securities as of December 31, 2015 used to evaluate other-than-temporary impairments: (Dollar amounts in thousands) Deal Class Amortized Cost Fair Value Unrealized Gain/(Loss) Moody’s/ Fitch Rating Number of Issuers Currently Performing Deferrals and Defaults as a % of Current Collateral Excess Subordination as a % of Current Performing Collateral PreTSL XXIII C-2 $ 780 $ 332 $ (448 ) B2/CCC 90 22.5 % 1.77 % Trapeza IX B-1 860 446 (414 ) Ca/CC 31 18.5 — Total $ 1,640 $ 778 $ (862 ) The following table provides additional information related to the Company’s trust preferred securities as of December 31, 2014 used to evaluate other-than-temporary impairments: (Dollar amounts in thousands) Deal Class Amortized Cost Fair Value Unrealized Gain/(Loss) Moody’s/ Fitch Rating Number of Issuers Currently Performing Deferrals and Defaults as a % of Current Collateral Excess Subordination as a % of Current Performing Collateral PreTSL XXIII C-2 $ 802 $ 313 $ (489 ) B2/C 91 25.2 % — % Trapeza IX B-1 860 466 (394 ) Ca/CC 33 18.1 — Total $ 1,662 $ 779 $ (883 )
Assets Measured on a Nonrecurring Basis on the Consolidated Balance Sheets at their Fair Value	T he following table presents the assets measured on a nonrecurring basis on the consolidated balance sheets at their fair value as of December 31, 2015 and December 31, 2014, by level within the fair value hierarchy. Impaired loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include: quoted market prices for identical assets classified as Level 1 inputs; observable inputs, employed by certified appraisers, for similar assets classified as Level 2 inputs. In cases where valuation techniques include inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level 3 inputs. Other real estate owned is carried at the lower of cost or fair value less estimated costs to sell. (Amounts in thousands) December 31, 2015 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 8,800 $ 8,800 Other real estate owned $ — $ — $ 61 $ 61 (Amounts in thousands) December 31, 2014 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 6,288 $ 6,288 Other real estate owned $ — $ — $ 40 $ 40
Carrying Amounts and Estimated Fair Values of the Company's Financial Instruments	The carrying amounts and estimated fair values of the Company’s financial instruments are as follows: (Amounts in thousands) December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 Fair Value ASSETS: Cash and cash equivalents $ 18,496 $ 18,496 $ — $ — $ 18,496 Investment securities available-for-sale 153,901 3,049 150,074 778 153,901 Trading securities 8,134 — 8,134 — 8,134 Loans held for sale 4,033 4,033 — — 4,033 Loans, net of allowance for loan losses 389,060 — — 393,355 393,355 Bank-owned life insurance 17,328 17,328 — — 17,328 Accrued interest receivable 1,640 1,640 — — 1,640 Interest rate derivatives 171 — 171 — 171 LIABILITIES: Demand, savings and money market deposits $ 364,577 $ 364,577 $ — $ — $ 364,577 Time deposits 131,827 — — 134,251 134,251 Short-term borrowings 2,499 2,499 — — 2,499 Federal Home Loan Bank advances - short term 17,000 12,000 — 4,995 16,995 Federal Home Loan Bank advances - long term 25,000 — — 25,667 25,667 Subordinated debt 5,155 — — 4,321 4,321 Accrued interest payable 255 255 — — 255 Interest rate derivatives 171 — 171 — 171 (Amounts in thousands) December 31, 2014 Carrying Amount Level 1 Level 2 Level 3 Fair Value ASSETS: Cash and cash equivalents $ 10,569 $ 10,569 $ — $ — $ 10,569 Investment securities available-for-sale 162,247 3,049 158,419 779 162,247 Trading securities 7,861 — 7,861 — 7,861 Loans held for sale 632 632 — — 632 Loans, net of allowance for loan losses 354,983 — — 359,518 359,518 Bank-owned life insurance 16,990 16,990 — — 16,990 Accrued interest receivable 1,723 1,723 — — 1,723 LIABILITIES: Demand, savings and money market deposits $ 326,554 $ 326,554 $ — $ — $ 326,554 Time deposits 130,207 — — 133,171 133,171 Short-term borrowings 4,259 4,259 — — 4,259 Federal Home Loan Bank advances - short term 15,500 6,000 — 9,490 15,490 Federal Home Loan Bank advances - long term 25,000 — — 26,194 26,194 Subordinated debt 5,155 — — 4,573 4,573 Accrued interest payable 248 248 — — 248
Significant Unobservable Inputs for Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis	The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis at December 31, 2015. (Amounts Fair value at December 31, 2015 Valuation Technique Significant Unobservable Input Description of Inputs Trust preferred securities $ 778 Discounted Cash Flow Projected Prepayments 1) Trust preferred securities issued by banks subject to Dodd-Frank's phase-out of trust preferred securities from Tier 1 Capital. All fixed rate within one year; variable rate at increasing intervals depending on spread. 2) Trust preferred securities issued by healthy, well capitalized banks that have fixed rate coupons greater than 8%. 3) 1% annually for all other fixed rate issues and all variable rate issues. 4) Zero for collateral issued by REITs and 2% for insurance companies. Projected Defaults 1) All deferring issuers that do not meet the criteria for curing, as described below, are projected to default immediately. 2) Banks with high, near team default risk are identified using a CAMELS model, and projected to default immediately. Healthy banks are projected to default at a rate of 2% annually for 2 years, and 0.36% annually thereafter. 3) Insurance and REIT defaults are projected according to the historical default rates exhibited by companies with the same credit ratings. Historical default rates are doubled in each of the first two years of the projection to account for current economic conditions. Unrated issuers are assumed to have CCC- ratings. Projected Cures 1) Deferring issuers that have definitive agreements to either be acquired or recapitalized. Projected Recoveries 1) Zero for insurance companies, REITs and insolvent banks, and 10% for projected bank deferrals lagged 2 years. Discount Rates 1) Ranging from ~10.26% to ~14.12%, depending on each bond's seniority and remaining subordination after projected losses. Impaired loans 8,800 Appraisal of Collateral (1) Appraisal Adjustments (2) Range (0)% to (53)% Weighted average (29)% Liquidation Expenses (2) Range (0)% to (43)% Weighted average (5)% Other real estate owned 61 Appraisal of Collateral (1), (3) Appraisal Adjustments (2) 0% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses are presented as a percent of the appraisal. The adjustment of appraised value is measured as the effect on fair value as a percentage of unpaid principal. (3) Includes qualitative adjustments by management and estimated liquidation expenses. The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis at December 31, 2014. (Amounts Fair value at December 31, 2014 Valuation Technique Significant Unobservable Input Description of Inputs Trust preferred securities $ 779 Discounted Cash Flow Projected Prepayments 1) Trust preferred securities issued by banks subject to Dodd-Frank's phase-out of trust preferred securities from Tier 1 Capital. All fixed rate within one year; variable rate at increasing intervals depending on spread. 2) Trust preferred securities issued by healthy, well capitalized banks that have fixed rate coupons greater than 8%. 3) 1% annually for all other fixed rate issues and all variable rate issues. 4) Zero for collateral issued by REITs and 2% for insurance companies. Projected Defaults 1) All deferring issuers that do not meet the criteria for curing, as described below, are projected to default immediately. 2) Banks with high, near team default risk are identified using a CAMELS model, and projected to default immediately. Healthy banks are projected to default at a rate of 2% annually for 2 years, and 0.36% annually thereafter. 3) Insurance and REIT defaults are projected according to the historical default rates exhibited by companies with the same credit ratings. Historical default rates are doubled in each of the first two years of the projection to account for current economic conditions. Unrated issuers are assumed to have CCC- ratings. Projected Cures 1) Deferring issuers that have definitive agreements to either be acquired or recapitalized. Projected Recoveries 1) Zero for insurance companies, REITs and insolvent banks, and 10% for projected bank deferrals lagged 2 years. Discount Rates 1) Ranging from ~10.24% to ~15.75%, depending on each bond's seniority and remaining subordination after projected losses. Impaired loans 6,288 Appraisal of Collateral (1) Appraisal Adjustments (2) Range (0)% to (40)% Weighted average (23)% Liquidation Expenses (2) Range (0)% to (33)% Weighted average (6)% Other real estate owned 40 Appraisal of Collateral (1), (3) Appraisal Adjustments (2) 0% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses are presented as a percent of the appraisal. The adjustment of appraised value is measured as the effect on fair value as a percentage of unpaid principal. (3) Includes qualitative adjustments by management and estimated liquidation expenses.

Accumulated Other Comprehensi38

Accumulated Other Comprehensive (Loss) Income (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss or Income	The following table presents the changes in accumulated other comprehensive loss or income by component net of tax for the years ended December 31, 2015 and 2014. (Amounts in thousands) Unrealized gains (losses) on available-for-sale securities (a) Change in pension and postretirement obligations Balance as of December 31, 2013 $ (2,860 ) $ (28 ) Other comprehensive income before reclassification 3,607 45 Amount reclassified from accumulated other comprehensive loss (388 ) — Total other comprehensive income 3,219 45 Balance as of December 31, 2014 $ 359 $ 17 Other comprehensive income before reclassification (457 ) (108 ) Amount reclassified from accumulated other comprehensive loss (49 ) — Total other comprehensive loss (506 ) (108 ) Balance as of December 31, 2015 $ (147 ) $ (91 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits.
Schedule of Reclassifications out of Each Component of Accumulated Other Comprehensive Loss or Income	The following table presents significant amounts reclassified out of each component of accumulated other comprehensive loss or income for the years ended December 31, 2015 and 2014. (Amounts in thousands) December 31, 2015 Amount reclassified from accumulated other comprehensive loss Affected line item in the statement where net income is presented Details about other comprehensive income or loss: Unrealized gains on available-for-sale securities $ (75 ) Investment securities available-for-sale gains, net 26 Federal income tax expense $ (49 ) Net of tax (Amounts in thousands) December 31, 2014 Amount reclassified from accumulated other comprehensive income Affected line item in the statement where net income is presented Details about other comprehensive income or loss: Unrealized gains on available-for-sale securities $ (588 ) Investment securities available-for-sale gains, net 200 Federal income tax expense $ (388 ) Net of tax

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2015
Regulatory Capital Requirements [Abstract]
Schedule of Regulatory Capital Requirement	At December 31, 2015 and December 31, 2014, actual capital levels and minimum required levels for the Company were: (Amounts in thousands) Actual Minimum required for capital adequacy purposes December 31, 2015 Amount Ratio Amount Ratio CET1 capital (to risk-weighted assets) $ 56,922 12.78 % $ 20,043 4.5 % Tier 1 capital (to risk-weighted assets) 61,922 13.90 % 26,723 6.0 % Total capital (to risk-weighted assets) 67,199 15.09 % 35,631 8.0 % Tier 1 capital (to average assets) 61,922 10.62 % 23,314 4.0 % (Amounts in thousands) Actual Minimum required for capital adequacy purposes December 31, 2014 Amount Ratio Amount Ratio Tier 1 capital (to risk-weighted assets) $ 58,705 14.58 % $ 16,106 4.0 % Total capital (to risk-weighted assets) 63,704 15.82 % 32,212 8.0 % Tier 1 capital (to average assets) 58,705 10.66 % 22,024 4.0 %

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of Analysis of Related Party Loan	Certain directors, executive officers and companies with whom they are affiliated were loan customers during 2015. The following is an analysis of such loans: (Amounts in thousands) Total related-party loans at December 31, 2014 $ 4,165 New related-party loans 2,147 Repayments or other (1,942 ) Total related-party loans at December 31, 2015 $ 4,370

Condensed Financial Informati41

Condensed Financial Information Parent Company (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Balance Sheets	BALANCE SHEETS (Amounts in thousands) December 31, 2015 2014 ASSETS Cash $ 122 $ 96 Investment in bank subsidiary 52,848 52,082 Investment in non-bank subsidiary — 15 Subordinated note from subsidiary bank 6,000 6,000 Other assets 3,833 3,650 Total assets $ 62,803 $ 61,843 LIABILITIES Other liabilities $ 964 $ 836 Subordinated debt (Note 7) 5,155 5,155 Total liabilities 6,119 5,991 SHAREHOLDERS’ EQUITY Common stock 23,641 23,641 Additional paid-in capital 20,833 20,833 Retained earnings 17,851 14,555 Accumulated other comprehensive (loss) income (238 ) 376 Treasury stock (5,403 ) (3,553 ) Total shareholders’ equity 56,684 55,852 Total liabilities & shareholders’ equity $ 62,803 $ 61,843
Condensed Statement of Comprehensive Income	STATEMENTS OF COMPREHENSIVE INCOME (Amounts in thousands) Years ended December 31 , 2015 2014 2013 Dividends from bank subsidiary $ 3,310 $ 1,013 $ 544 Interest and dividend income 97 93 96 Other income 63 62 99 Interest on subordinated debt (91 ) (88 ) (90 ) Other expenses (513 ) (311 ) (380 ) Income before income tax and equity in undistributed earnings of subsidiaries 2,866 769 269 Income tax benefit 133 95 104 Equity in undistributed earnings of subsidiaries 1,379 3,005 1,411 Net income $ 4,378 $ 3,869 $ 1,784 Comprehensive income $ 3,764 $ 7,133 $ 603
Statements of Cash Flows	STATEMENTS OF CASH FLOWS (Amounts in thousands) Years ended December 31 , 2015 2014 2013 Cash flow from operating activities Net income $ 4,378 $ 3,869 $ 1,784 Adjustments to reconcile net income to net cash deficit from operating activities: Equity in undistributed net income of subsidiaries (1,379 ) (3,005 ) (1,411 ) Deferred tax benefit (6 ) — (6 ) Change in other assets and liabilities (35 ) (156 ) 113 Net cash flow from operating activities 2,958 708 480 Cash deficit from financing activities Dividends paid (1,082 ) (816 ) (544 ) Treasury shares reissued — — 24 Treasury shares purchased (1,850 ) — — Net cash deficit from financing activities (2,932 ) (816 ) (520 ) Net change in cash 26 (108 ) (40 ) Cash Beginning of year 96 204 244 End of year $ 122 $ 96 $ 204

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2015USD ($)Segment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Summary of Significant Accounting Policies (Textual) [Abstract]
Number of operating segment | Segment	1
Loan is placed on non-accrual status	90 days
Loans delinquent period for impairment evaluation	90 days
Number of days before charge down/charge off for consumer loans	180 days
Charge off period for loans other than consumer	90 days
Bank owned life insurance to tier one capital percentage	15.00%
Advertising and marketing expenses	$ 454,000	$ 277,000	$ 240,000
Securities classified as held-to-maturity	$ 0
Minimum
Summary of Significant Accounting Policies (Textual) [Abstract]
Estimated useful lives	5 years
Maximum
Summary of Significant Accounting Policies (Textual) [Abstract]
Estimated useful lives	40 years

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Computation of basic earnings per common share
Net income	$ 4,378	$ 3,869	$ 1,784
Weighted average common shares outstanding	4,497,825	4,527,848	4,527,350
Earnings per share	$ 0.97	$ 0.85	$ 0.39

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of investment securities
Available-for-sale Securities, Amortized Cost	$ 154,124	$ 161,703
Available-for-sale Securities, Gross Unrealized Gains	1,687	2,135
Available-for-sale Securities, Gross Unrealized Losses	1,910	1,591
Available-for-sale securities, Fair Value	153,901	162,247
U.S.Treasury securities
Summary of investment securities
Available-for-sale Securities, Amortized Cost		100
Available-for-sale Securities, Gross Unrealized Gains		1
Available-for-sale securities, Fair Value		101
U.S. Government agencies and corporations
Summary of investment securities
Available-for-sale Securities, Amortized Cost	12,555	8,640
Available-for-sale Securities, Gross Unrealized Gains	136	88
Available-for-sale Securities, Gross Unrealized Losses	68	80
Available-for-sale securities, Fair Value	12,623	8,648
Obligations of states and political subdivisions
Summary of investment securities
Available-for-sale Securities, Amortized Cost	50,139	48,547
Available-for-sale Securities, Gross Unrealized Gains	1,386	1,667
Available-for-sale Securities, Gross Unrealized Losses	120	123
Available-for-sale securities, Fair Value	51,405	50,091
U.S. Government-sponsored mortgage-backed securities
Summary of investment securities
Available-for-sale Securities, Amortized Cost	70,193	85,675
Available-for-sale Securities, Gross Unrealized Gains	165	353
Available-for-sale Securities, Gross Unrealized Losses	679	441
Available-for-sale securities, Fair Value	69,679	85,587
U.S. Government-sponsored collateralized mortgage obligations
Summary of investment securities
Available-for-sale Securities, Amortized Cost	13,665	14,030
Available-for-sale Securities, Gross Unrealized Gains		26
Available-for-sale Securities, Gross Unrealized Losses	135	64
Available-for-sale securities, Fair Value	13,530	13,992
U.S. Government-guaranteed small business administration pools
Summary of investment securities
Available-for-sale Securities, Amortized Cost	2,883
Available-for-sale Securities, Gross Unrealized Losses	46
Available-for-sale securities, Fair Value	2,837
Trust preferred securities
Summary of investment securities
Available-for-sale Securities, Amortized Cost	1,640	1,662
Available-for-sale Securities, Gross Unrealized Losses	862	883
Available-for-sale securities, Fair Value	778	779
Total debt securities
Summary of investment securities
Available-for-sale Securities, Amortized Cost	151,075	158,654
Available-for-sale Securities, Gross Unrealized Gains	1,687	2,135
Available-for-sale Securities, Gross Unrealized Losses	1,910	1,591
Available-for-sale securities, Fair Value	150,852	159,198
Federal Home Loan Bank (FHLB) stock
Summary of investment securities
Available-for-sale Securities, Amortized Cost	2,823	2,823
Available-for-sale securities, Fair Value	2,823	2,823
Federal Reserve Bank (FRB) stock
Summary of investment securities
Available-for-sale Securities, Amortized Cost	226	226
Available-for-sale securities, Fair Value	226	226
Total regulatory stock
Summary of investment securities
Available-for-sale Securities, Amortized Cost	3,049	3,049
Available-for-sale securities, Fair Value	$ 3,049	$ 3,049

Investment Securities (Details

Investment Securities (Details Textual)	1 Months Ended	12 Months Ended
	Feb. 28, 2014Security	Dec. 31, 2015USD ($)SecurityInvestment	Dec. 31, 2014USD ($)Security	Dec. 31, 2013USD ($)Security	Jan. 14, 2014USD ($)
Schedule Of Available For Sale Securities [Line Items]
Trading securities (Note 2)		$ 8,134,000	$ 7,861,000
Carrying value of investment securities for pledge		$ 108,200,000	$ 116,600,000
Investment securities with fair value less than amortized cost | Security		34	37
Impairment loss recognized through impairment assessment process		$ 0	$ 0
Minimum assets of trust preferred securities issued by institution					$ 15,000,000,000
Available-for-sale Securities, Amortized Cost		154,124,000	161,703,000
Total debt securities, Fair Value		153,901,000	162,247,000
Net impairment losses recognized in earnings				$ 1,954,000
Non-accrual investment securities		$ 778,000	$ 779,000
Trust preferred securities in nonaccrual status | Investment		2
Estimated length of interest payment delays		10 years
iTruPS securities
Schedule Of Available For Sale Securities [Line Items]
Number of securities owned by company | Security				9
Available-for-sale Securities, Amortized Cost				$ 10,500,000
Total debt securities, Fair Value				8,500,000
Net impairment losses recognized in earnings				$ 2,000,000
Number of securities sold by company | Security	9

Investment Securities (Detail46

Investment Securities (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investments Debt And Equity Securities [Abstract]
Unrealized gains	$ 7	$ 39	$ 52
Unrealized losses	(3)	(4)	(3)
Net unrealized gains	4	35	49
Net realized (losses) gains	(15)	292	136
Trading securities (losses) gains, net	$ (11)	$ 327	$ 185

Investment Securities (Detail47

Investment Securities (Details 2) $ in Thousands	Dec. 31, 2015USD ($)
Amortized cost and fair value of debt securities by contractual maturity
Amortized Cost, Due after one year through five years	$ 4,022
Amortized Cost, Due after five years through ten years	21,834
Amortized Cost, Due after ten years	41,361
Amortized Cost, Total	67,217
Total debt securities, Amortized Cost	151,075
Fair Value, Due after one year through five years	4,165
Fair Value, Due after five years through ten years	22,234
Fair Value, Due after ten years	41,244
Fair Value, Total	67,643
Total debt securities, Fair Value	150,852
U.S. Government-sponsored mortgage-backed and related securities
Amortized cost and fair value of debt securities by contractual maturity
Total debt securities, Amortized Cost	83,858
Total debt securities, Fair Value	$ 83,209

Investment Securities (Detail48

Investment Securities (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Proceeds, gains and losses realized on securities sold or called
Proceeds on securities sold	$ 12,291	$ 32,733	$ 29,338
Gross realized gains	135	1,170	658
Gross realized losses	$ 60	$ 582	$ 123

Investment Securities (Detail49

Investment Securities (Details 4) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value
Fair Value, Less than 12 Months	$ 58,861	$ 19,524
Fair Value, 12 Months or More	21,425	41,543
Fair Value, Total	80,286	61,067
Unrealized Losses
Unrealized Losses, Less than 12 Months	582	83
Unrealized Losses, 12 Months or More	1,328	1,508
Unrealized Losses, Total	1,910	1,591
Obligations of states and political subdivisions
Fair Value
Fair Value, Less than 12 Months	5,439	2,456
Fair Value, 12 Months or More	2,125	4,159
Fair Value, Total	7,564	6,615
Unrealized Losses
Unrealized Losses, Less than 12 Months	61	18
Unrealized Losses, 12 Months or More	59	105
Unrealized Losses, Total	120	123
U.S. Government-sponsored mortgage-backed securities
Fair Value
Fair Value, Less than 12 Months	35,081	14,460
Fair Value, 12 Months or More	16,575	31,550
Fair Value, Total	51,656	46,010
Unrealized Losses
Unrealized Losses, Less than 12 Months	315	33
Unrealized Losses, 12 Months or More	364	408
Unrealized Losses, Total	679	441
U.S. Government-sponsored collateralized mortgage obligations
Fair Value
Fair Value, Less than 12 Months	13,530	2,273
Fair Value, 12 Months or More		3,145
Fair Value, Total	13,530	5,418
Unrealized Losses
Unrealized Losses, Less than 12 Months	135	30
Unrealized Losses, 12 Months or More		34
Unrealized Losses, Total	135	64
U.S. Government-guaranteed small business administration pools
Fair Value
Fair Value, Less than 12 Months	2,837
Fair Value, Total	2,837
Unrealized Losses
Unrealized Losses, Less than 12 Months	46
Unrealized Losses, Total	46
Trust preferred securities
Fair Value
Fair Value, 12 Months or More	778	779
Fair Value, Total	778	779
Unrealized Losses
Unrealized Losses, 12 Months or More	862	883
Unrealized Losses, Total	862	883
U.S. Government agencies and corporations
Fair Value
Fair Value, Less than 12 Months	1,974	335
Fair Value, 12 Months or More	1,947	1,910
Fair Value, Total	3,921	2,245
Unrealized Losses
Unrealized Losses, Less than 12 Months	25	2
Unrealized Losses, 12 Months or More	43	78
Unrealized Losses, Total	$ 68	$ 80

Investment Securities (Detail50

Investment Securities (Details 5) $ in Thousands	12 Months Ended
	Dec. 31, 2013USD ($)
Trust preferred securities:
Net impairment losses recognized in earnings (before tax)	$ 1,954
Impairment losses recognized in other comprehensive income (before tax)	3,595
Trust preferred securities
Trust preferred securities:
Net impairment losses recognized in earnings (before tax)	1,954
Impairment losses recognized in other comprehensive income (before tax)	$ 3,595

Investment Securities (Detail51

Investment Securities (Details 6) - Trust preferred securities - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cumulative roll forward of credit losses recognized in earnings for trust preferred securities
Beginning balance	$ 140	$ 2,305	$ 351
Credit losses on debt securities for which other-than-temporary impairment has not been previously recognized			1,954
Sale of debt securities		$ (2,165)
Ending balance	$ 140	$ 140	$ 2,305

Loans and Allowance for Loan 52

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Composition of the loan portfolio
Total loans	$ 394,254	$ 360,185
Commercial
Composition of the loan portfolio
Total loans	$ 84,613	$ 72,330
Percentage of loans	21.50%	20.10%
Commercial real estate
Composition of the loan portfolio
Total loans	$ 237,137	$ 223,536
Percentage of loans	60.10%	62.10%
Residential real estate
Composition of the loan portfolio
Total loans	$ 45,414	$ 38,875
Percentage of loans	11.50%	10.80%
Consumer | Home equity
Composition of the loan portfolio
Total loans	$ 23,334	$ 21,328
Percentage of loans	5.90%	5.90%
Consumer | Other
Composition of the loan portfolio
Total loans	$ 3,756	$ 4,116
Percentage of loans	1.00%	1.10%

Loans and Allowance for Loan 53

Loans and Allowance for Loan Losses (Details 1)	12 Months Ended
	Dec. 31, 2015
Factor Considered:
Levels of and trends in charge-offs, classifications and non-accruals	Stable
Trends in volume and terms	Increasing
Changes in lending policies and procedures	Decreasing
Experience, depth and ability of management	Stable
Economic trends	Decreasing
Concentrations of credit	Increasing

Loans and Allowance for Loan 54

Loans and Allowance for Loan Losses (Details 2)	12 Months Ended
	Dec. 31, 2015
Factor Considered:
Levels and trends in classification	Stable
Declining trends in financial performance	Stable
Structure and lack of performance measures	Stable
Migration between risk categories	Stable

Loans and Allowance for Loan 55

Loans and Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Analysis of changes in the allowance for loan losses
Balance at beginning of period	$ 5,202	$ 3,764	$ 3,825
Loan charge-offs	(723)	(594)	(1,022)
Recoveries	260	394	311
Net loan recoveries (charge-offs)	(463)	(200)	(711)
Provision charged to operations	455	1,638	650
Balance at end of period	5,194	5,202	3,764
Commercial
Analysis of changes in the allowance for loan losses
Balance at beginning of period	2,064	593	639
Loan charge-offs	(470)	(123)	(1)
Recoveries	134	274	167
Net loan recoveries (charge-offs)	(336)	151	166
Provision charged to operations	249	1,320	(212)
Balance at end of period	1,977	2,064	593
Commercial real estate
Analysis of changes in the allowance for loan losses
Balance at beginning of period	2,754	2,638	2,616
Loan charge-offs	(84)	(186)	(782)
Recoveries	10	3	11
Net loan recoveries (charge-offs)	(74)	(183)	(771)
Provision charged to operations	246	299	793
Balance at end of period	2,926	2,754	2,638
Residential real estate
Analysis of changes in the allowance for loan losses
Balance at beginning of period	229	356	343
Loan charge-offs	(45)	(93)	(81)
Recoveries	37	16	26
Net loan recoveries (charge-offs)	(8)	(77)	(55)
Provision charged to operations	(68)	(50)	68
Balance at end of period	153	229	356
Consumer | Home equity
Analysis of changes in the allowance for loan losses
Balance at beginning of period	60	88	123
Loan charge-offs		(48)	(12)
Recoveries	17	24	18
Net loan recoveries (charge-offs)	17	(24)	6
Provision charged to operations	(25)	(4)	(41)
Balance at end of period	52	60	88
Consumer | Other
Analysis of changes in the allowance for loan losses
Balance at beginning of period	95	89	104
Loan charge-offs	(124)	(144)	(146)
Recoveries	62	77	89
Net loan recoveries (charge-offs)	(62)	(67)	(57)
Provision charged to operations	53	73	42
Balance at end of period	$ 86	$ 95	$ 89

Loans and Allowance for Loan 56

Loans and Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$ 1,012	$ 1,464
Collectively evaluated for impairment	4,182	3,738
Total ending allowance balance	5,194	5,202	$ 3,764	$ 3,825
Loan Portfolio:
Individually evaluated for impairment	9,812	7,752
Collectively evaluated for impairment	384,442	352,433
Total ending loan balance	394,254	360,185
Commercial
Ending allowance balance attributable to loans:
Individually evaluated for impairment	834	1,316
Collectively evaluated for impairment	1,143	748
Total ending allowance balance	1,977	2,064	593	639
Loan Portfolio:
Individually evaluated for impairment	1,347	2,023
Collectively evaluated for impairment	83,266	70,307
Total ending loan balance	84,613	72,330
Commercial real estate
Ending allowance balance attributable to loans:
Individually evaluated for impairment	178	148
Collectively evaluated for impairment	2,748	2,606
Total ending allowance balance	2,926	2,754	2,638	2,616
Loan Portfolio:
Individually evaluated for impairment	8,465	5,729
Collectively evaluated for impairment	228,672	217,807
Total ending loan balance	237,137	223,536
Residential real estate
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	153	229
Total ending allowance balance	153	229	356	343
Loan Portfolio:
Collectively evaluated for impairment	45,414	38,875
Total ending loan balance	45,414	38,875
Consumer | Home equity
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	52	60
Total ending allowance balance	52	60	88	123
Loan Portfolio:
Collectively evaluated for impairment	23,334	21,328
Total ending loan balance	23,334	21,328
Consumer | Other
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	86	95
Total ending allowance balance	86	95	$ 89	$ 104
Loan Portfolio:
Collectively evaluated for impairment	3,756	4,116
Total ending loan balance	$ 3,756	$ 4,116

Loans and Allowance for Loan 57

Loans and Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of credit quality indicators by internally assigned grade
Total loans	$ 394,254	$ 360,185
Commercial
Summary of credit quality indicators by internally assigned grade
Total loans	84,613	72,330
Commercial real estate
Summary of credit quality indicators by internally assigned grade
Total loans	237,137	223,536
Pass | Commercial
Summary of credit quality indicators by internally assigned grade
Total loans	77,095	65,339
Pass | Commercial real estate
Summary of credit quality indicators by internally assigned grade
Total loans	219,958	205,890
Special Mention | Commercial
Summary of credit quality indicators by internally assigned grade
Total loans	4,216	4,963
Special Mention | Commercial real estate
Summary of credit quality indicators by internally assigned grade
Total loans	7,707	10,209
Substandard | Commercial
Summary of credit quality indicators by internally assigned grade
Total loans	3,302	2,028
Substandard | Commercial real estate
Summary of credit quality indicators by internally assigned grade
Total loans	$ 9,472	$ 7,437

Loans and Allowance for Loan 58

Loans and Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of consumer credit exposure
Total loans	$ 394,254	$ 360,185
Residential real estate
Summary of consumer credit exposure
Total loans	45,414	38,875
Consumer | Home equity
Summary of consumer credit exposure
Total loans	23,334	21,328
Consumer | Other
Summary of consumer credit exposure
Total loans	3,756	4,116
Performing | Residential real estate
Summary of consumer credit exposure
Total loans	44,162	37,544
Performing | Consumer | Home equity
Summary of consumer credit exposure
Total loans	23,072	21,179
Performing | Consumer | Other
Summary of consumer credit exposure
Total loans	3,756	4,110
Nonperforming | Residential real estate
Summary of consumer credit exposure
Total loans	1,252	1,331
Nonperforming | Consumer | Home equity
Summary of consumer credit exposure
Total loans	$ 262	149
Nonperforming | Consumer | Other
Summary of consumer credit exposure
Total loans		$ 6

Loans and Allowance for Loan 59

Loans and Allowance for Loan Losses (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Loan	Dec. 31, 2014USD ($)Loan	Dec. 31, 2013USD ($)
Receivables [Abstract]
Period after which loans considered nonperforming	90 days
Loans in process of foreclosure	$ 1,300
Gross income on nonaccrual loans	293	$ 351	$ 147
Actual interest on nonaccrual loans	$ 26	$ 149	$ 38
Number of loans approved as TDRs, subsequently defaulted | Loan	0	0
Number of loans modified as TDRs | Loan		0

Loans and Allowance for Loan 60

Loans and Allowance for Loan Losses (Details 7) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of classes of loans on non-accrual status
Total	$ 4,886	$ 5,557
Commercial
Summary of classes of loans on non-accrual status
Total	1,196	1,824
Commercial real estate
Summary of classes of loans on non-accrual status
Total	2,176	2,247
Residential real estate
Summary of classes of loans on non-accrual status
Total	1,252	1,331
Consumer | Home equity
Summary of classes of loans on non-accrual status
Total	$ 262	149
Consumer | Other
Summary of classes of loans on non-accrual status
Total		$ 6

Loans and Allowance for Loan 61

Loans and Allowance for Loan Losses (Details 8) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Contract	Dec. 31, 2014Loan	Dec. 31, 2013USD ($)Contract
Information related to loans modified in a TDR
Number of contracts | Loan		0
Commercial real estate
Information related to loans modified in a TDR
Number of contracts | Contract	2		7
Pre-modification recorded investment	$ 3,154		$ 2,348
Post-modification recorded investment	$ 3,154		$ 2,348
Commercial
Information related to loans modified in a TDR
Number of contracts | Contract			5
Pre-modification recorded investment			$ 438
Post-modification recorded investment			438
Increase in the allowance			$ 20
Restructured Loans
Information related to loans modified in a TDR
Number of contracts | Contract			12
Pre-modification recorded investment			$ 2,786
Post-modification recorded investment			2,786
Increase in the allowance			$ 20

Loans and Allowance for Loan 62

Loans and Allowance for Loan Losses (Details 9) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Aging analysis of the recorded investment of past due loans
Total Past Due	$ 7,109	$ 8,011
Current	387,145	352,174
Total ending loan balance	394,254	360,185
Recorded Investment >90 Days and Accruing	0	0
30-59 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	628	826
60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	1,728	2,229
90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	4,753	4,956
Commercial
Aging analysis of the recorded investment of past due loans
Total Past Due	1,374	1,878
Current	83,239	70,452
Total ending loan balance	84,613	72,330
Recorded Investment >90 Days and Accruing	0	0
Commercial | 30-59 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	178	54
Commercial | 60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due		282
Commercial | 90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	1,196	1,542
Commercial real estate
Aging analysis of the recorded investment of past due loans
Total Past Due	3,783	4,463
Current	233,354	219,073
Total ending loan balance	237,137	223,536
Recorded Investment >90 Days and Accruing	0	0
Commercial real estate | 30-59 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	248	574
Commercial real estate | 60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	1,480	1,774
Commercial real estate | 90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	2,055	2,115
Residential real estate
Aging analysis of the recorded investment of past due loans
Total Past Due	1,534	1,439
Current	43,880	37,436
Total ending loan balance	45,414	38,875
Recorded Investment >90 Days and Accruing	0	0
Residential real estate | 30-59 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	163	122
Residential real estate | 60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	131	173
Residential real estate | 90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	1,240	1,144
Consumer | Home equity
Aging analysis of the recorded investment of past due loans
Total Past Due	408	210
Current	22,926	21,118
Total ending loan balance	23,334	21,328
Recorded Investment >90 Days and Accruing	0	0
Consumer | Home equity | 30-59 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	29	61
Consumer | Home equity | 60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	117
Consumer | Home equity | 90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	262	149
Consumer | Other
Aging analysis of the recorded investment of past due loans
Total Past Due	10	21
Current	3,746	4,095
Total ending loan balance	3,756	4,116
Recorded Investment >90 Days and Accruing	0	0
Consumer | Other | 30-59 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	$ 10	15
Consumer | Other | 90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due		$ 6

Loans and Allowance for Loan 63

Loans and Allowance for Loan Losses (Details 10) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commercial
Loans evaluated for impairment by loan segment
Recorded Investment, With no related allowance recorded	$ 232	$ 457
Recorded Investment, With related allowance recorded	1,115	1,566
Recorded Investment, Total	1,347	2,023
Unpaid Principal Balance, with no related allowance	264	457
Unpaid Principal Balance, with related allowance	1,552	1,566
Unpaid Principal Balance, Total	1,816	2,023
Related Allowance, with related allowance	834	1,316
Related Allowance, Total	834	1,316
Average Recorded Investment, with no related allowance recorded	322	257	$ 123
Average Recorded Investment, with related allowance recorded	1,341	311	73
Average Recorded Investment, Total	1,663	568	196
Interest Income Recognized, with no related allowance	13	17	6
Interest Income Recognized, with related allowance	0	0	0
Interest Income Recognized, Total	13	17	6
Commercial real estate
Loans evaluated for impairment by loan segment
Recorded Investment, With no related allowance recorded	7,222	4,498
Recorded Investment, With related allowance recorded	1,243	1,231
Recorded Investment, Total	8,465	5,729
Unpaid Principal Balance, with no related allowance	7,424	5,242
Unpaid Principal Balance, with related allowance	1,243	1,231
Unpaid Principal Balance, Total	8,667	6,473
Related Allowance, with related allowance	178	148
Related Allowance, Total	178	148
Average Recorded Investment, with no related allowance recorded	4,842	4,069	1,638
Average Recorded Investment, with related allowance recorded	1,160	1,430	3,015
Average Recorded Investment, Total	6,002	5,499	4,653
Interest Income Recognized, with no related allowance	181	158	117
Interest Income Recognized, with related allowance	84	73	95
Interest Income Recognized, Total	$ 265	$ 231	$ 212

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of premises and equipment
Total premises and equipment	$ 21,627	$ 19,630
Less accumulated depreciation	12,437	11,933
Net book value	9,190	7,697
Land
Summary of premises and equipment
Total premises and equipment	2,746	2,673
Premises
Summary of premises and equipment
Total premises and equipment	9,689	8,298
Equipment
Summary of premises and equipment
Total premises and equipment	8,970	8,440
Leasehold Improvements
Summary of premises and equipment
Total premises and equipment	$ 222	$ 219

Premises and Equipment (Detai65

Premises and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Premises and Equipment (Textual) [Abstract]
Depreciation expense	$ 792	$ 715	$ 713

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of interest-bearing deposits:
Demand	$ 38,078	$ 33,146
Money market	104,334	84,277
Savings	114,021	114,400
Time:
In denominations $250,000 or under	98,833	91,802
In denominations of over $250,000	32,994	38,405
Interest bearing deposits total	$ 388,260	$ 362,030

Deposits (Details 1)

Deposits (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Stated maturities of time deposits
2,016	$ 92,256
2,017	5,691
2,018	4,221
2,019	2,631
2,020	8,734
2021 and beyond	18,294
Total Stated maturities of time deposits	$ 131,827	$ 130,207

Deposits (Details 2)

Deposits (Details 2) $ in Thousands	Dec. 31, 2015USD ($)
Summary of time deposits of $100,000 or more by remaining maturities
Three months or less	$ 22,385
Three to six months	11,786
Six to twelve months	25,381
One through five years	8,216
Over five years	6,435
Total	74,203
Certificates of Deposit
Summary of time deposits of $100,000 or more by remaining maturities
Three months or less	21,269
Three to six months	11,786
Six to twelve months	24,881
One through five years	6,166
Over five years	4,229
Total	68,331
Other Time Deposits
Summary of time deposits of $100,000 or more by remaining maturities
Three months or less	1,116
Six to twelve months	500
One through five years	2,050
Over five years	2,206
Total	$ 5,872

Federal Home Loan Bank (FHLB)69

Federal Home Loan Bank (FHLB) Advances and Other Short-Term Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
FHLB advances - short term:
Short term	$ 2,499	$ 4,259
Other short term borrowings:
Securities sold under repurchase agreements, Weighted Average Interest Rate	0.37%	0.25%	0.12%
Long-term Debt
Fixed-rate payable and convertible fixed-rate FHLB advances, with monthly interest payments:
Due in 2015		$ 4,000
Due in 2016	$ 5,000	5,000
Due in 2017	18,000	16,000
Due in 2018	2,000
Total FHLB advances - long term	$ 25,000	25,000
Weighted Average Interest Rate Due in 2016	1.99%
Weighted Average Interest Rate Due in 2017	3.77%
Weighted Average Interest Rate Due in 2018	1.17%
Weighted Average Interest Rate, Total FHLB advances - long term	3.20%
Short-term Debt
FHLB advances - short term:
Short term	$ 8,000	9,500
Cash management	9,000	6,000
Total FHLB advances - short term	$ 17,000	15,500
Weighted Average Interest Rate Short term	0.39%
Weighted Average Interest Rate Cash management	0.36%
Total FHLB advances - short term, Weighted Average Interest Rate	0.37%
Total FHLB advances, Weighted Average Interest Rate	2.06%
Total FHLB advances	$ 42,000	40,500
Other short term borrowings:
Securities sold under repurchase agreements	2,499	4,259
Total FHLB advances and other short term borrowings	$ 44,499	$ 44,759
Securities sold under repurchase agreements, Weighted Average Interest Rate	0.11%
Total FHLB advances and other short-term borrowings, Weighted Average Interest Rate	1.95%

Federal Home Loan Bank (FHLB)70

Federal Home Loan Bank (FHLB) Advances and Other Short-Term Borrowings (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Summary of FHLB and Other Short Term Borrowings
Average balance during the year	$ 14,674	$ 17,541	$ 4,559
Average interest rate during the year	0.27%	0.89%	0.15%
Maximum month-end balance during the year	$ 23,500	$ 22,500	$ 13,000
Weighted average interest rate at year end	0.37%	0.25%	0.12%
Federal Home Loan Bank Advances
Summary of FHLB and Other Short Term Borrowings
Average balance during the year	$ 4,082	$ 4,141	$ 3,453
Average interest rate during the year	0.10%	0.07%	0.09%
Maximum month-end balance during the year	$ 7,541	$ 5,795	$ 4,022
Weighted average interest rate at year end	0.11%	0.07%	0.07%

Federal Home Loan Bank (FHLB)71

Federal Home Loan Bank (FHLB) Advances and Other Short-Term Borrowings (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Federal Home Loan Bank Advances and Other Short-Term Borrowings (Additional Textual) [Abstract]
Carrying value of owned FHLB Stock	$ 2.8	$ 2.8
Maximum borrowing capacity from FHLB	51	53.4
FHLB fixed rate advances	18	22
Securities allocated under repurchase agreement, value	5.8	7.5
Qualified mortgage loan portfolio	27.2	25.6
Blanket lien against mortgage backed securities	26.1	$ 31.6
Blanket lien against U.S. Government guaranteed small business administration pools	$ 2.8

Federal Home Loan Bank (FHLB)72

Federal Home Loan Bank (FHLB) Advances and Other Short-Term Borrowings (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Short Term Debt [Line Items]
Short-term borrowings	$ 2,499	$ 4,259
Repurchase Agreements
Short Term Debt [Line Items]
Total collateral carrying value	5,817	7,498
Repurchase Agreements | U.S. Government-sponsored mortgage-backed securities
Short Term Debt [Line Items]
Total collateral carrying value	4,729	6,137
Repurchase Agreements | U.S. Government-sponsored collateralized mortgage obligations
Short Term Debt [Line Items]
Total collateral carrying value	$ 1,088	$ 1,361

Subordinated Debt (Details Text

Subordinated Debt (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jul. 31, 2007	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Floating rate trust preferred securities issued	$ 5,000,000
Maturity date of floating rate trust preferred securities	2037-12
Investment in common securities issued by trust	$ 155,000
Subordinated Debt
Debt Instrument [Line Items]
Interest rate description		3-month LIBOR rate plus 1.45%
LIBOR Rate Points	1.45%
Interest rate		1.96%	1.69%

Commitments and Contingencies74

Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies (Textual) [Abstract]
Operating leases extending	2,021
Rental and lease expense	$ 168,000	$ 139,000	$ 181,000
Aggregate cash reserves for federal regulatory requirements	$ 5,900,000
Percentage of unsecured loans	0.48%	1.00%
Third party interest rate swap
Commitments and Contingencies (Textual) [Abstract]
Cash pledged for collateral	$ 150,000
Minimum
Commitments and Contingencies (Textual) [Abstract]
Operating leases renewal period	5 years
Maximum
Commitments and Contingencies (Textual) [Abstract]
Operating leases renewal period	10 years

Commitments and Contingencies75

Commitments and Contingencies (Details) $ in Thousands	Dec. 31, 2015USD ($)
Summary of remaining future minimum lease payments
December 31, 2016	$ 236
December 31, 2017	133
December 31, 2018	79
December 31, 2019	46
December 31, 2020	46
Later years	4
Total	$ 544

Commitments and Contingencies76

Commitments and Contingencies (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Commitments to extend credit:
Fixed rate	$ 13,311	$ 13,825
Variable rate	45,929	49,897
Standby letters of credit	$ 3,508	$ 608

Commitments and Contingencies77

Commitments and Contingencies (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Summary of overdraft protection
Overdraft protection available on depositors' accounts	$ 9,598	$ 9,632
Balance of overdrafts included in loans	80	108
Average daily balance of overdrafts	$ 99	$ 117
Average daily balance of overdrafts as a percentage of available	1.03%	1.21%

Commitments and Contingencies78

Commitments and Contingencies (Details 3)	12 Months Ended
	Dec. 31, 2015USD ($)
Customer interest rate swap, Maturing in 2020
Derivative [Line Items]
Maturity	2,020
Notional Amount	$ 2,680,000
Interest Rate Paid	BBA 1 Mo. + Margin
Interest Rate Received	Fixed
Fair Value	$ 35,000
Customer interest rate swap, Maturing in 2025
Derivative [Line Items]
Maturity	2,025
Notional Amount	$ 5,921,000
Interest Rate Paid	1 Mo. Libor + Margin
Interest Rate Received	Fixed
Fair Value	$ 136,000
Customer interest rate swap
Derivative [Line Items]
Notional Amount	8,601,000
Fair Value	$ 171,000
Third party interest rate swap, Maturing in 2020
Derivative [Line Items]
Maturity	2,020
Notional Amount	$ 2,680,000
Interest Rate Paid	Fixed
Interest Rate Received	BBA 1 Mo. + Margin
Fair Value	$ (35,000)
Third party interest rate swap, Maturing in 2025
Derivative [Line Items]
Maturity	2,025
Notional Amount	$ 5,921,000
Interest Rate Paid	Fixed
Interest Rate Received	1 Mo. Libor + Margin
Fair Value	$ (136,000)
Third party interest rate swap
Derivative [Line Items]
Notional Amount	8,601,000
Fair Value	$ (171,000)

Commitments and Contingencies79

Commitments and Contingencies (Details 4) $ in Thousands	Dec. 31, 2015USD ($)
Derivatives Fair Value [Line Items]
Assets, Fair Value	$ 171
Liabilities, Fair Value	171
Other assets
Derivatives Fair Value [Line Items]
Assets, Fair Value	171
Other liabilities
Derivatives Fair Value [Line Items]
Liabilities, Fair Value	$ 171

Benefit Plans (Details Textual)

Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Benefit Plans (Textual) [Abstract]
Accumulated liability for retirement benefits plan	$ 2,760,000	$ 2,549,000	$ 2,396,000	$ 2,218,000
Benefit Plans (Additional Textual) [Abstract]
Maximum percentage of employer match for employee voluntary contributions	5.00%
Maximum allowable amount of voluntary contributions by participants for 2015	$ 18,000
Additional catch-up deferral for plan participants over the age of 50	6,000
Total expense under the contribution retirement plan	307,000	$ 284,000	$ 296,000
Officer's Plan
Benefit Plans (Textual) [Abstract]
Accumulated liability for retirement benefits plan	2,300,000
Director's Plan
Benefit Plans (Textual) [Abstract]
Accumulated liability for retirement benefits plan	$ 522,000
Term of age
Benefit Plans (Textual) [Abstract]
Minimum Age Requirement for Additional Allowable Contributions	50 years
Supplemental Employee Retirement Plans, Defined Benefit
Benefit Plans (Textual) [Abstract]
Accumulated liability for retirement benefits plan	$ 2,800,000
Plan assets	$ 0
Supplemental Employee Retirement Plans, Defined Benefit | Directors and Officers
Benefit Plans (Textual) [Abstract]
Post-retirement benefits plan duration	15 years
Director Retirement Agreements annual benefit	$ 10,000
Director retirement benefits plan duration	10 years
Supplemental Employee Retirement Plans, Defined Benefit | Executive Officer
Benefit Plans (Textual) [Abstract]
Expected benefit expense as specified in the agreements for the entire year 2016	$ 359,000
Benefits expected to be paid in 2016 approximately	$ 162,000

Benefit Plans (Details)

Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciles the accumulated liability for the benefit obligation
Beginning balance	$ 2,549	$ 2,396	$ 2,218
Benefit expense	369	308	327
Benefit payments	(158)	(155)	(149)
Ending balance	$ 2,760	$ 2,549	$ 2,396

Benefit Plans (Details 1)

Benefit Plans (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Beginning balance	$ 2,549	$ 2,396	$ 2,218
Expense recorded	369	308	327
Other comprehensive loss (income) recorded	108	(45)	28
Ending balance	2,760	2,549	2,396
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Beginning balance	616	614	530
Expense recorded	132	47	56
Other comprehensive loss (income) recorded	108	(45)	28
Ending balance	$ 856	$ 616	$ 614

Federal Income Taxes (Details)

Federal Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Composition of income tax expense (benefit)
Current	$ 916	$ 451	$ (8)
Deferred	303	451	96
Federal income tax expense (benefit)	$ 1,219	$ 902	$ 88

Federal Income Taxes (Details T

Federal Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Federal Income Taxes (Textual) [Abstract]
Valuation allowance	$ 94,000	$ 94,000
AMT credit carryforward	704,000	928,000
Capital loss carryforwards	94,000	94,000
Valuation Allowance Related to Corporations Ability to Carryforward Taxes	$ 0
Period of Capital Loss Carryforwards	5 years
Expiry of Capital Loss Carryforwards	2,017
Percentage of Valuation Allowance	100.00%
Capital loss carryforwards valuation Allowance	$ 94,000
Statutory federal income tax	34.00%
Income tax expense on investment securities gains	$ 22,000	$ 311,000	$ 245,000
Expected increase in unrecognized tax benefits	0
Interest or penalties incurred	0
Liability for uncertain tax position	$ 0
Unrecognized tax benefits	0

Federal Income Taxes (Details 1

Federal Income Taxes (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Gross deferred tax assets:
Allowance for loan and other real estate losses	$ 1,766	$ 1,769
Deferred loan origination cost - net	314	303
Impairment loss on securities	48	48
Deferred compensation	939	866
AMT credit carryforward	704	928
Unrealized loss on available-for-sale securities	76
Other items	763	809
Total gross deferred tax assets	4,610	4,723
Valuation allowance	(94)	(94)
Total net deferred tax assets	4,516	4,629
Gross deferred tax liabilities:
Unrealized gain on available-for-sale securities		(185)
Premises and equipment	(586)	(494)
Other items	(617)	(595)
Total net deferred tax liabilities	(1,203)	(1,274)
Net deferred tax asset	$ 3,313	$ 3,355

Federal Income Taxes (Details 2

Federal Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation between (tax -benefit) expense
Statutory tax expense	$ 1,903	$ 1,622	$ 636
Tax effect of non-taxable interest income	(600)	(609)	(504)
Tax effect of earnings on bank-owned life insurance-net	(115)	(114)	(111)
Tax effect of low income housing credit	(54)	(52)	13
Tax effect of non-deductible expenses	85	55	54
Federal income tax expense (benefit)	$ 1,219	$ 902	$ 88

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Total debt securities, Fair Value	$ 153,901	$ 162,247
Regulatory stock	3,049	3,049
Trading securities	8,134	7,861
Loans held for sale	4,033	632
Interest rate derivatives	171
LIABILITIES
Interest rate derivatives	171
Trust preferred securities
ASSETS
Total debt securities, Fair Value	778	779
U.S.Treasury securities
ASSETS
Total debt securities, Fair Value		101
U.S. Government agencies and corporations
ASSETS
Total debt securities, Fair Value	12,623	8,648
Obligations of states and political subdivisions
ASSETS
Total debt securities, Fair Value	51,405	50,091
U.S. Government-sponsored mortgage-backed securities
ASSETS
Total debt securities, Fair Value	69,679	85,587
U.S. Government-sponsored collateralized mortgage obligations
ASSETS
Total debt securities, Fair Value	13,530	13,992
U.S. Government-guaranteed small business administration pools
ASSETS
Total debt securities, Fair Value	2,837
Level 1
ASSETS
Total debt securities, Fair Value	3,049	3,049
Regulatory stock	3,049	3,049
Loans held for sale	4,033	632
Level 2
ASSETS
Total debt securities, Fair Value	150,074	158,419
Trading securities	8,134	7,861
Interest rate derivatives	171
LIABILITIES
Interest rate derivatives	171
Level 2 | U.S.Treasury securities
ASSETS
Total debt securities, Fair Value		101
Level 2 | U.S. Government agencies and corporations
ASSETS
Total debt securities, Fair Value	12,623	8,648
Level 2 | Obligations of states and political subdivisions
ASSETS
Total debt securities, Fair Value	51,405	50,091
Level 2 | U.S. Government-sponsored mortgage-backed securities
ASSETS
Total debt securities, Fair Value	69,679	85,587
Level 2 | U.S. Government-sponsored collateralized mortgage obligations
ASSETS
Total debt securities, Fair Value	13,530	13,992
Level 2 | U.S. Government-guaranteed small business administration pools
ASSETS
Total debt securities, Fair Value	2,837
Level 3
ASSETS
Total debt securities, Fair Value	778	779
Level 3 | Trust preferred securities
ASSETS
Total debt securities, Fair Value	$ 778	$ 779

Fair Value (Details 1)

Fair Value (Details 1) - Trust preferred securities - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Changes in the Level 3 fair value category
Beginning balance	$ 779	$ 10,136	$ 7,612
Net realized/unrealized gains/(losses) included in:
Noninterest income			(1,954)
Other comprehensive income	21	835	4,553
Discount accretion (premium amortization)		7	8
Sales		(10,044)
Purchases, issuance, and settlements	(22)	(155)	(83)
Ending balance	$ 778	$ 779	10,136
Losses included in net income for the period relating to assets held at period end			$ (1,954)

Fair Value (Details Textual)

Fair Value (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2015Security	Dec. 31, 2014Security	Dec. 31, 2013USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of debt securities with other-than-temporary impairment	1	1
Maturity period of short-term borrowings	one year or less
Period of swap rate	25 years
Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	10.26%
Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	14.12%
Trust preferred securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
OTTI recognized value reflecting the estimated fair value of the securities | $			$ 2
Number of debt securities with other-than-temporary impairment	1	1
Period frequency of projected prepayment rate	1 year	1 year
Projected Prepayments, minimum fixed rate coupons	8.00%	8.00%
Projected Prepayments, percentage of fair value input for banks	1.00%	1.00%
Projected prepayment, percentage of fair value for collateral by REITs	0.00%	0.00%
Projected prepayment, percentage of fair value for collateral for insurance companies	2.00%	2.00%
Annually projected defaults percentage for healthy banks	2.00%	2.00%
Period frequency of projected default rate	2 years	2 years
Projected defaults rate for healthy banks	0.36%	0.36%
Projected Recoveries, percentage for insurance companies, REITs and insolvent banks	0.00%	0.00%
Projected recovery, percentage for projected bank deferrals	10.00%	10.00%
Projected Bank Deferrals lagged	2 years	2 years
Trust preferred securities | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	10.26%	10.24%
Trust preferred securities | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	14.12%	15.75%

Fair Value (Details 2)

Fair Value (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Security	Dec. 31, 2014USD ($)Security	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Breakdown of trust preferred securities
Number considered OTTI | Security	1	1
Total other-than-temporary impairment losses			$ 1,641
Trust preferred securities
Breakdown of trust preferred securities
Total number of trust preferred securities | Security	2	2
Par value, trust preferred securities	$ 1,780	$ 1,802
Number not considered OTTI | Security	1	1
Par value, trust preferred securities not considered OTTI	$ 780	$ 802
Number considered OTTI | Security	1	1
Par value, trust preferred securities considered OTTI	$ 1,000	$ 1,000
Life-to-date impairment recognized in earnings	140	140	$ 2,305	$ 351
Life-to-date impairment recognized in other comprehensive income	862	883
Total other-than-temporary impairment losses	$ 1,002	$ 1,023

Fair Value (Details 3)

Fair Value (Details 3) - Trapeza IX B-1 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Losses recognized in earnings for trust preferred securities held
Moody’s/Fitch Rating	Ca/CC	Ca/CC
Amount of OTTI related to credit loss	$ 140	$ 140	$ 140

Fair Value (Details 4)

Fair Value (Details 4) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Issurers_Currently_Performing	Dec. 31, 2014USD ($)Issurers_Currently_Performing
Additional information related to the Company's trust preferred securities
Available-for-sale Securities, Amortized Cost	$ 154,124	$ 161,703
Total debt securities, Fair Value	$ 153,901	$ 162,247
PreTSL XXIII | Moodys B2 Rating | Fitch C Rating
Additional information related to the Company's trust preferred securities
Class	C2	C2
Available-for-sale Securities, Amortized Cost	$ 780	$ 802
Total debt securities, Fair Value	332	313
Unrealized Gain/(Loss)	$ (448)	$ (489)
Number of Issuers Currently Performing | Issurers_Currently_Performing	90	91
Deferrals and Defaults as a % of Current Collateral	22.50%	25.20%
Excess Subordination as a % of Current Performing Collateral	1.77%
Trapeza IX | Moodys Ca Rating | Fitch C C Rating
Additional information related to the Company's trust preferred securities
Class	B1	B1
Available-for-sale Securities, Amortized Cost	$ 860	$ 860
Total debt securities, Fair Value	446	466
Unrealized Gain/(Loss)	$ (414)	$ (394)
Number of Issuers Currently Performing | Issurers_Currently_Performing	31	33
Deferrals and Defaults as a % of Current Collateral	18.50%	18.10%
Trust preferred securities
Additional information related to the Company's trust preferred securities
Available-for-sale Securities, Amortized Cost	$ 1,640	$ 1,662
Total debt securities, Fair Value	778	779
Unrealized Gain/(Loss)	$ (862)	$ (883)

Fair Value (Details 5)

Fair Value (Details 5) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets measured on a nonrecurring basis:
Impaired loans	$ 8,800	$ 6,288
Other real estate owned	61	40
Level 3
Assets measured on a nonrecurring basis:
Impaired loans	8,800	6,288
Other real estate owned	$ 61	$ 40

Fair Value (Details 6)

Fair Value (Details 6) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents, carrying value	$ 18,496	$ 10,569	$ 12,396	$ 27,577
Investment securities available-for-sale, carrying value	153,901	162,247
Trading securities, carrying value	8,134	7,861
Loans held for sale	4,033	632
Loans, net of allowance for loan losses, carrying value	389,060	354,983
Bank-owned life insurance	17,328	16,990
Accrued interest receivable, carrying value	1,640	1,723
Interest rate derivatives, carrying value	171
LIABILITIES
Demand, savings and money market deposits, carrying value	364,577	326,554
Time deposits, carrying value	131,827	130,207
Short-term borrowings	2,499	4,259
Federal Home Loan Bank advances - short term	17,000	15,500
Federal Home Loan Bank advances - long term	25,000	25,000
Subordinated debt, carrying value	5,155	5,155
Accrued interest payable, carrying value	255	248
Interest rate derivatives, carrying value	171
ASSETS:
Cash and cash equivalents, fair value	18,496	10,569
Available-for-sale securities, Fair Value	153,901	162,247
Trading securities	8,134	7,861
Loans held for sale, fair value	4,033	632
Loans, net of allowance for loan losses, fair value	393,355	359,518
Bank-owned life insurance, fair value	17,328	16,990
Accrued interest receivable, fair value	1,640	1,723
Interest rate derivatives, fair value	171
LIABILITIES:
Demand, savings and money market deposits, fair value	364,577	326,554
Time deposits, fair value	134,251	133,171
Short-term borrowings, fair value	2,499	4,259
Federal Home Loan Bank advances - short term, fair value	16,995	15,490
Federal Home Loan Bank advances - long term, fair value	25,667	26,194
Subordinated debt, fair value	4,321	4,573
Accrued interest payable, fair value	255	248
Interest rate derivatives, fair value	171
Level 1
ASSETS
Loans held for sale	4,033	632
ASSETS:
Cash and cash equivalents, fair value	18,496	10,569
Available-for-sale securities, Fair Value	3,049	3,049
Loans held for sale, fair value	4,033	632
Bank-owned life insurance, fair value	17,328	16,990
Accrued interest receivable, fair value	1,640	1,723
LIABILITIES:
Demand, savings and money market deposits, fair value	364,577	326,554
Short-term borrowings, fair value	2,499	4,259
Federal Home Loan Bank advances - short term, fair value	12,000	6,000
Accrued interest payable, fair value	255	248
Level 2
ASSETS:
Available-for-sale securities, Fair Value	150,074	158,419
Trading securities	8,134	7,861
Interest rate derivatives, fair value	171
LIABILITIES:
Interest rate derivatives, fair value	171
Level 3
ASSETS:
Available-for-sale securities, Fair Value	778	779
Loans, net of allowance for loan losses, fair value	393,355	359,518
LIABILITIES:
Time deposits, fair value	134,251	133,171
Federal Home Loan Bank advances - short term, fair value	4,995	9,490
Federal Home Loan Bank advances - long term, fair value	25,667	26,194
Subordinated debt, fair value	$ 4,321	$ 4,573

Fair Value (Details 7)

Fair Value (Details 7) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Total debt securities, Fair Value	$ 153,901	$ 162,247
Minimum
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Fair value input discount rate	10.26%
Maximum
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Fair value input discount rate	14.12%
Trust preferred securities
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Total debt securities, Fair Value	$ 778	$ 779
Trust preferred securities | Minimum
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Fair value input discount rate	10.26%	10.24%
Trust preferred securities | Maximum
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Fair value input discount rate	14.12%	15.75%
Trust preferred securities | Discounted Cash Flow
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Total debt securities, Fair Value	$ 778	$ 779
Impaired Loans
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Appraisal Adjustments	29.00%	23.00%
Liquidation Expenses	5.00%	6.00%
Impaired Loans | Minimum
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Appraisal Adjustments	0.00%	0.00%
Liquidation Expenses	0.00%	0.00%
Impaired Loans | Maximum
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Appraisal Adjustments	53.00%	40.00%
Liquidation Expenses	43.00%	33.00%
Impaired Loans | Appraisal Of Collateral
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Total debt securities, Fair Value	$ 8,800	$ 6,288
Other Real Estate Owned
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Appraisal Adjustments	0.00%	0.00%
Other Real Estate Owned | Appraisal Of Collateral
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Total debt securities, Fair Value	$ 61	$ 40

Accumulated Other Comprehensi96

Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning Balance		$ 376
Total other comprehensive (loss) income		(614)	$ 3,264	$ (1,181)
Ending Balance		(238)	376
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning Balance	[1]	359	(2,860)
Other comprehensive income before reclassification	[1]	(457)	3,607
Amount reclassified from accumulated other comprehensive loss	[1]	(49)	(388)
Total other comprehensive (loss) income	[1]	(506)	3,219
Ending Balance	[1]	(147)	359	(2,860)
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning Balance		17	(28)
Other comprehensive income before reclassification		(108)	45
Total other comprehensive (loss) income		(108)	45
Ending Balance		$ (91)	$ 17	$ (28)
[1]	All amounts are net of tax. Amounts in parentheses indicate debits.

Accumulated Other Comprehensi97

Accumulated Other Comprehensive (Loss) Income (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Unrealized gains on available-for-sale securities
Federal income tax expense	$ (1,219)	$ (902)	$ (88)
NET INCOME	4,378	3,869	$ 1,784
Reclassification out of Accumulated Other Comprehensive Loss or Income | Accumulated Net Unrealized Investment Gain (Loss)
Unrealized gains on available-for-sale securities
Investment securities available-for-sale gains, net	(75)	(588)
Federal income tax expense	26	200
NET INCOME	$ (49)	$ (388)

Regulatory Matters (Details Tex

Regulatory Matters (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Jul. 31, 2013
Regulatory Matters (Textual) [Abstract]
Minimum Tier I risk-based capital to risk-weighted assets ratio	6.00%	4.00%
Minimum total risk-based capital to risk-weighted assets ratio	13.90%	14.58%
Ratio to risk-weighted assets	15.09%	15.82%
Floating rate trust preferred securities outstanding	$ 5	$ 5
CET1
Regulatory Matters (Textual) [Abstract]
Minimum Tier I risk-based capital to risk-weighted assets ratio			4.50%
Minimum Tier I risk-based capital to average assets ratio			2.50%
Minimum total risk-based capital to risk-weighted assets ratio			7.00%
Basel III
Regulatory Matters (Textual) [Abstract]
Minimum Tier I risk-based capital to risk-weighted assets ratio			8.50%
Minimum Tier I risk-based capital to average assets ratio			10.50%
Minimum total risk-based capital to risk-weighted assets ratio			4.00%
Basel III | Minimum
Regulatory Matters (Textual) [Abstract]
Ratio to risk-weighted assets			4.00%
Basel III | Maximum
Regulatory Matters (Textual) [Abstract]
Ratio to risk-weighted assets			6.00%

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Banking And Thrift [Abstract]
CET1 capital to risk-weighted assets, amount	$ 56,922
Tier 1 capital to risk-weighted assets, amount	61,922	$ 58,705
Total capital to risk-weighted assets, amount	67,199	63,704
Tier 1 capital to average assets, amount	$ 61,922	$ 58,705
CET1 capital to risk-weighted assets, ratio	12.78%
Tier 1 capital to risk-weighted assets, ratio	13.90%	14.58%
Total capital to risk-weighted assets, ratio	15.09%	15.82%
Tier 1 capital to average assets, ratio	10.62%	10.66%
CET1 capital to risk-weighted assets, amount for capital adequacy purposes	$ 20,043
Tier 1 capital to risk-weighted assets, amount for capital adequacy purposes	26,723	$ 16,106
Total capital to risk-weighted assets, amount for capital adequacy purposes	35,631	32,212
Tier 1 capital to average assets, amount for capital adequacy purposes	$ 23,314	$ 22,024
CET1 capital to risk-weighted assets, ratio for capital adequacy purposes	4.50%
Tier 1 capital to risk-weighted assets, ratio for capital adequacy purposes	6.00%	4.00%
Total capital to risk-weighted assets, ratio for capital adequacy purposes	8.00%	8.00%
Tier 1 capital to average assets, ratio for capital adequacy purposes	4.00%	4.00%

Related Party Transactions (Det

Related Party Transactions (Details) - Management $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Schedule of analysis of related party loan
Total related-party loans at December 31, 2014	$ 4,165
New related-party loans	2,147
Repayments or other	(1,942)
Total related-party loans at December 31, 2015	$ 4,370

Related Party Transactions (101

Related Party Transactions (Details Textual) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Management
Related Party Transaction [Line Items]
Deposits from executive officers, directors, and their affiliates	$ 2.5	$ 2.6

Condensed Financial Informat102

Condensed Financial Information Parent Company (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash	$ 18,496	$ 10,569	$ 12,396	$ 27,577
Other assets	12,301	7,953
Total assets	612,443	568,932
LIABILITIES
Other liabilities	9,701	6,405
Subordinated debt (Note 7)	5,155	5,155
Total liabilities	555,759	513,080
SHAREHOLDERS’ EQUITY
Common stock	23,641	23,641
Additional paid-in capital	20,833	20,833
Retained earnings	17,851	14,555
Accumulated other comprehensive (loss) income	(238)	376
Treasury stock	(5,403)	(3,553)
Total shareholders’ equity	56,684	55,852	49,535	49,452
Total liabilities and shareholders’ equity	612,443	568,932
Parent Company
ASSETS
Cash	122	96	$ 204	$ 244
Investment in bank subsidiary	52,848	52,082
Investment in non-bank subsidiary		15
Subordinated note from subsidiary bank	6,000	6,000
Other assets	3,833	3,650
Total assets	62,803	61,843
LIABILITIES
Other liabilities	964	836
Subordinated debt (Note 7)	5,155	5,155
Total liabilities	6,119	5,991
SHAREHOLDERS’ EQUITY
Common stock	23,641	23,641
Additional paid-in capital	20,833	20,833
Retained earnings	17,851	14,555
Accumulated other comprehensive (loss) income	(238)	376
Treasury stock	(5,403)	(3,553)
Total shareholders’ equity	56,684	55,852
Total liabilities and shareholders’ equity	$ 62,803	$ 61,843

Condensed Financial Informat103

Condensed Financial Information Parent Company (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statements Of Comprehensive Income
Dividends from bank subsidiary	$ 126	$ 126	$ 131
Interest on subordinated debt	(91)	(88)	(90)
Federal income tax expense	(1,219)	(902)	(88)
NET INCOME	4,378	3,869	1,784
Comprehensive income	3,764	7,133	603
Parent Company
Statements Of Comprehensive Income
Dividends from bank subsidiary	3,310	1,013	544
Interest and dividend income	97	93	96
Other income	63	62	99
Interest on subordinated debt	(91)	(88)	(90)
Other expenses	(513)	(311)	(380)
Income before income tax and equity in undistributed earnings of subsidiaries	2,866	769	269
Federal income tax expense	133	95	104
Equity in undistributed earnings of subsidiaries	1,379	3,005	1,411
NET INCOME	4,378	3,869	1,784
Comprehensive income	$ 3,764	$ 7,133	$ 603

Condensed Financial Informat104

Condensed Financial Information Parent Company (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flow from operating activities
Net income	$ 4,378	$ 3,869	$ 1,784
Adjustments to reconcile net income to net cash deficit from operating activities:
Deferred taxes	303	451	96
Net cash flow from operating activities	1,387	7,206	26,900
Cash deficit from financing activities
Dividends paid	(1,082)	(816)	(544)
Net cash deficit from financing activities	36,451	5,631	(28,399)
Net change in cash	7,927	(1,827)	(15,181)
Cash
Beginning of period	10,569	12,396	27,577
End of period	18,496	10,569	12,396
Parent Company
Cash flow from operating activities
Net income	4,378	3,869	1,784
Adjustments to reconcile net income to net cash deficit from operating activities:
Equity in undistributed net income of subsidiaries	(1,379)	(3,005)	(1,411)
Deferred taxes	(6)		(6)
Change in other assets and liabilities	(35)	(156)	113
Net cash flow from operating activities	2,958	708	480
Cash deficit from financing activities
Dividends paid	(1,082)	(816)	(544)
Treasury shares reissued			24
Treasury shares purchased	(1,850)
Net cash deficit from financing activities	(2,932)	(816)	(520)
Net change in cash	26	(108)	(40)
Cash
Beginning of period	96	204	244
End of period	$ 122	$ 96	$ 204

Dividend Restrictions (Details

Dividend Restrictions (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Equity [Abstract]
Payment of dividends	$ 4.4
Dividend restriction description	Under the Ohio Banking Code, cash dividends may not exceed net profits as defined for that year combined with retained net profits for the two preceding years less any required transfers to surplus. Under this formula, the amount available for payment of dividends in 2016 is $4.4 million plus 2016 profits retained up to the date of the dividend declaration.

Litigation (Details Textual)

Litigation (Details Textual)	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Management assessment of legal actions on financial statement description	The Bank is involved in legal actions arising in the ordinary course of business. In the opinion of management, the outcomes from these other matters, either individually or in the aggregate, are not expected to have any material effect on the Company.

Stock Repurchase Program (Detai

Stock Repurchase Program (Details Textual) - USD ($)	Jan. 26, 2016	Mar. 24, 2015	Dec. 31, 2015	Dec. 31, 2014
Equity Class Of Treasury Stock [Line Items]
Percentage of shares authorized to be repurchased to common stock outstanding		4.40%
Common stock, shares outstanding		4,527,849	4,404,783	4,527,848
Stock repurchase program, authorized amount		$ 3,100,000
Stock repurchase program expiration date			Dec. 31, 2016
Stock repurchase program, shares repurchased			123,066
Subsequent Event
Equity Class Of Treasury Stock [Line Items]
Percentage of shares authorized to be repurchased to common stock outstanding	2.30%
Common stock, shares outstanding	4,404,783
Maximum
Equity Class Of Treasury Stock [Line Items]
Shares authorized to be repurchased		200,000
Maximum | Subsequent Event
Equity Class Of Treasury Stock [Line Items]
Shares authorized to be repurchased	100,000