Cortland Bancorp (CLDB) 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 04, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	CORTLAND BANCORP INC
Entity Central Index Key	774,569
Document Type	10-Q
Trading Symbol	CLDB
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,433,598

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 7,536	$ 7,021
Interest-earning deposits	8,394	8,330
Total cash and cash equivalents	15,930	15,351
Investment securities available-for-sale (Note 3)	165,099	179,219
Loans held for sale	2,436	4,554
Total loans (Note 4)	397,087	419,768
Less allowance for loan losses (Note 4)	(4,855)	(4,868)
Net loans	392,232	414,900
Premises and equipment	9,315	9,132
Bank-owned life insurance	17,451	17,376
Other assets	17,430	14,652
Total assets	619,893	655,184
LIABILITIES
Noninterest-bearing deposits	111,952	117,225
Interest-bearing deposits	405,400	422,625
Total deposits	517,352	539,850
Short-term borrowings	2,281	2,702
Federal Home Loan Bank advances - short term	11,000	23,000
Federal Home Loan Bank advances - long term	17,000	17,500
Subordinated debt (Note 7)	5,155	5,155
Other liabilities	9,051	9,307
Total liabilities	561,839	597,514
SHAREHOLDERS’ EQUITY
Common stock - $5.00 stated value - authorized 20,000,000 shares; issued 4,728,267 shares in 2017 and 2016; outstanding shares, 4,434,887 in 2017 and 4,420,255 in 2016	23,641	23,641
Additional paid-in capital	20,899	20,878
Retained earnings	21,822	21,485
Accumulated other comprehensive loss	(2,962)	(2,961)
Treasury stock, at cost, 293,380 shares in 2017 and 308,012 in 2016	(5,346)	(5,373)
Total shareholders’ equity	58,054	57,670
Total liabilities and shareholders’ equity	$ 619,893	$ 655,184

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
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	4,434,887	4,420,255
Treasury stock, shares	293,380	308,012

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
INTEREST INCOME
Interest and fees on loans	$ 4,618	$ 4,386
Interest and dividends on investment securities:
Taxable interest	566	555
Nontaxable interest	469	412
Dividends	27	28
Other interest income	16	12
Total interest income	5,696	5,393
INTEREST EXPENSE
Deposits	586	486
Short-term borrowings	1	1
Federal Home Loan Bank advances - short term	37	15
Federal Home Loan Bank advances - long term	104	164
Subordinated debt	31	26
Total interest expense	759	692
Net interest income	4,937	4,701
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	4,937	4,701
NON-INTEREST INCOME
Fees for customer services	508	515
Investment securities available-for-sale gains, net	9	358
Trading security losses, net		(34)
Mortgage banking gains, net	194	349
Earnings on bank-owned life insurance	75	81
Wealth management	7	21
Other non-interest income	107	117
Total non-interest income	900	1,407
NON-INTEREST EXPENSES
Salaries and employee benefits	2,742	2,398
Occupancy and equipment	615	527
State and local taxes	115	112
FDIC insurance	53	81
Professional fees	161	195
Advertising and marketing	102	121
Losses from the extinguishment of debt		242
Data processing fees	61	62
Other operating expenses	798	746
Total non-interest expenses	4,647	4,484
INCOME BEFORE FEDERAL INCOME TAX EXPENSE	1,190	1,624
Federal income tax expense	190	262
NET INCOME	$ 1,000	$ 1,362
EARNINGS PER SHARE BASIC AND DILUTED	$ 0.23	$ 0.31
CASH DIVIDENDS DECLARED PER SHARE	$ 0.15	$ 0.07

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 1,000	$ 1,362
Securities available for sale:
Unrealized holding gains on available-for-sale securities	15	1,146
Tax effect	(5)	(390)
Reclassification adjustment for net gains realized in net income	(9)	(358)
Tax effect	3	122
Total securities available-for-sale	4	520
Change in post-retirement obligations	(5)	13
Total other comprehensive (loss) income	(1)	533
Total comprehensive income	$ 999	$ 1,895

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance at Dec. 31, 2015	$ 56,684	$ 23,641	$ 20,833	$ 17,851	$ (238)	$ (5,403)
Net income	1,362			1,362
Other comprehensive income (loss)	533				533
Cash dividend declared ($0.07 per share)	(309)			(309)
Ending balance at Mar. 31, 2016	58,270	23,641	20,833	18,904	295	(5,403)
Beginning balance at Dec. 31, 2016	57,670	23,641	20,878	21,485	(2,961)	(5,373)
Net income	1,000			1,000
Other comprehensive income (loss)	(1)				(1)
Cash dividend declared ($0.07 per share)	(663)			(663)
Equity compensation	48		21			27
Ending balance at Mar. 31, 2017	$ 58,054	$ 23,641	$ 20,899	$ 21,822	$ (2,962)	$ (5,346)

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement Consolidated Statements Of Changes In Shareholders Equity Parenthetical Unaudited [Abstract]
Cash dividend declared per share	$ 0.15	$ 0.07

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net cash flow from operating activities
Net cash flow (deficit) from operating activities	$ 1,221	$ (25)
Cash flow from investing activities
Purchases of available-for-sale securities	(6,421)	(35,045)
Proceeds from sale of available-for-sale securities	15,725	26,505
Proceeds from call, maturity and principal payments on available-for-sale securities	4,357	5,287
Net decrease in loans made to customers	22,188	20,405
Proceeds from sale of other real estate		61
Proceeds from bank-owned life insurance		280
Purchases of premises and equipment	(409)	(31)
Net cash flow from investing activities	35,440	17,462
Cash deficit from financing activities
Net decrease in deposit accounts	(22,498)	(14,463)
Net change in short term borrowings	(421)	1,109
Net change in Federal Home Loan Bank advances - short term	(12,000)	(5,000)
Repayments of Federal Home Loan Bank advances - long term	(4,500)	(4,500)
Proceeds from Federal Home Loan Bank advances - long term	4,000
Dividends paid	(663)	(309)
Net cash deficit from financing activities	(36,082)	(23,163)
Net change in cash and cash equivalents	579	(5,726)
Cash and cash equivalents
Beginning of period	15,351	18,496
End of period	15,930	12,770
Cash paid during the period for:
Interest	752	678
Transfer of loans to other real estate owned	$ 480	$ 47

Basis of Presentation and Recla

Basis of Presentation and Reclassifications	3 Months Ended
	Mar. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Reclassifications	1.) Basis of Presentation and Reclassifications: The accompanying unaudited consolidated financial statements of Cortland Bancorp (the Company) and the Cortland Savings and Banking Company (the Bank) have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. These interim unaudited consolidated financial statements should be read in conjunction with our annual audited financial statements as of December 31, 2016, included in our Form 10-K for the year ended December 31, 2016, filed with the United States Securities and Exchange Commission. The accompanying Consolidated Balance Sheets at December 31, 2016, has been derived from the audited Consolidated Balance Sheets but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Certain items contained in the 2016 financial statements have been reclassified to conform to the presentation for 2017. Such reclassifications had no effect on the net results of operations or shareholders’ equity.

Authoritative Accounting Guidan

Authoritative Accounting Guidance	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Authoritative Accounting Guidance	2.) Authoritative Accounting Guidance: In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this Update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This Update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606). The amendments in this Update defer the effective date of ASU 2014-09 for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. All other entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. 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 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815) . Topic 815 For public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within fiscal years In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815) For public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. For entities other than public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within fiscal years beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718) Share-Based Payment for any entity in any interim or annual period. This Update is not expected to have a significant impact on the Company’s financial statements. In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivative and Hedging (Topic 815 In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In October 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), Clarifying the Definition of a Business In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323), Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings. Revenue from Contracts with Customers (Topic 606) Leases (Topic 842) Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting units fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. A public business entity that is a U.S. Securities and Exchange Commission (“SEC”) filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. A public business entity that is not an SEC filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2020. All other entities, including not-for-profit entities, that are adopting the amendments in this Update should do so for their annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2021. In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) This Update is not expected to have a significant impact on the Company’s financial statements. In February 2017, the FASB issued ASU 2017-06 , Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), and Health and Welfare Benefit Plans (Topic 965) This Update relates primarily to the reporting by an employee benefit plan for its interest in a master trust, which is a trust for which a regulated financial institution serves as a trustee or custodian and in which assets of more than one plan sponsored by a single employer or by a group of employers under common control are held. For each master trust in which a plan holds an interest, the amendments in this Update require a plan's interest in that master trust and any change in that interest to be presented in separate line items in the statement of net assets available for benefits and in the statement of changes in net assets available for benefits, respectively. The amendments in this Update remove the requirement to disclose the percentage interest in the master trust for plans with divided interests and require that all plans disclose the dollar amount of their interest in each of those general types of investments, which supplements the existing requirement to disclose the master trusts balances in each general type of investments. There are also increased disclosure requirements for investments in master trusts. The amendments in this Update are effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beg For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principle. This Update is not expected to have a significant impact on the Company’s financial statements.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2017
Investments Debt And Equity Securities [Abstract]
Investment Securities	3.) Investment Securities: Investments in debt and equity securities are classified as held-to-maturity, available-for-sale or trading. Securities classified as held-to-maturity are those that management has the positive intent and ability to hold to maturity. Securities classified as available-for-sale are those that could be sold for liquidity, investment management, or similar reasons, even though management has no present intentions to do so. Securities classified as trading are those that management has bought principally for the purpose of selling in the near term. The Company currently has no securities classified as held-to-maturity or trading. Available-for-sale securities, other than regulatory stock, 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 other non-interest income. 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 Federal Home Loan Bank (FHLB) of Cincinnati and the Federal Reserve Bank (FRB). The stock is bought from and sold to the correspondent institutions 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 March 31, 2017. Securities are evaluated periodically to determine whether a decline in value is other-than-temporary. Management utilizes criteria such as the magnitude and duration of the decline, along with the reasons underlying the decline, to determine whether the loss in value is other-than-temporary. The term “other-than-temporary” is not intended to indicate that the decline in value is permanent, but indicates that the prospect for a near-term recovery of value is not necessarily favorable and that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Unrealized losses on available-for-sale investments have not been recognized into income. However, once a decline in value is determined to be other-than-temporary, the credit related other-than-temporary impairment (OTTI) is recognized in earnings while the non-credit related OTTI on securities not expected to be sold is recognized in other comprehensive income (loss). The following table is a summary of investment securities available-for-sale: (Amounts in thousands) March 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies and corporations $ 8,170 $ 25 $ 182 $ 8,013 Obligations of states and political subdivisions 63,847 460 1,909 62,398 U.S. Government-sponsored mortgage-backed securities 74,307 30 1,516 72,821 U.S. Government-sponsored collateralized mortgage obligations 7,425 — 126 7,299 U.S. Government-guaranteed small business administration pools 11,552 — 392 11,160 Trust preferred securities 1,619 — 792 827 Total debt securities 166,920 515 4,917 162,518 Federal Home Loan Bank (FHLB) stock 2,355 — — 2,355 Federal Reserve Bank (FRB) stock 226 — — 226 Total regulatory stock 2,581 — — 2,581 Total investment securities available-for-sale $ 169,501 $ 515 $ 4,917 $ 165,099 (Amounts in thousands) December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies and corporations $ 8,165 $ 3 $ 180 $ 7,988 Obligations of states and political subdivisions 68,219 582 2,031 66,770 U.S. Government-sponsored mortgage-backed securities 81,281 32 1,546 79,767 U.S. Government-sponsored collateralized mortgage obligations 9,504 — 155 9,349 U.S. Government-guaranteed small business administration pools 12,255 1 317 11,939 Trust preferred securities 1,620 — 795 825 Total debt securities 181,044 618 5,024 176,638 Federal Home Loan Bank (FHLB) stock 2,355 — — 2,355 Federal Reserve Bank (FRB) stock 226 — — 226 Total regulatory stock 2,581 — — 2,581 Total investment securities available-for-sale $ 183,625 $ 618 $ 5,024 $ 179,219 Trading securities were an investment in obligations of states and political subdivisions, government and agency bonds, short-term government bonds and include cash equivalent investments for trading liquidity. In the second quarter of 2016, management decided to cease its trading activities and liquidated the investments that were in the trading account. The interest rates and economic environment mitigated the opportunities to generate revenues with a trading strategy. At March 31, 2017 and December 31, 2016, the trading account was fully liquidated. Both realized and unrealized gains and losses are included in the Consolidated Statements of Income as shown in the following table. (Amounts in thousands) Three Months Ended March 31, 2016 Unrealized gains $ 9 Unrealized losses (34 ) Net unrealized losses (25 ) Net realized losses (9 ) Trading securities losses, net $ (34 ) The amortized cost and fair value of debt securities at March 31, 2017, 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 829 855 Due after five years through ten years 15,201 15,243 Due after ten years 69,158 66,300 Total 85,188 82,398 U.S. Government-sponsored mortgage-backed and related securities 81,732 80,120 Total debt securities $ 166,920 $ 162,518 The table below sets forth the proceeds and gains or losses realized on available for sale securities sold or called for the periods presented: (Amounts in thousands) Three Months Ended March 31, 2017 2016 Proceeds on securities sold $ 15,725 $ 26,505 Gross realized gains 146 435 Gross realized losses 137 77 Investment securities with a carrying value of approximately $105.4 million at March 31, 2017 and $111.5 million at December 31, 2016 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 available-for-sale securities with unrealized losses and an aging of those unrealized losses at March 31, 2017: (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 $ 4,818 $ 182 $ — $ — $ 4,818 $ 182 Obligations of states and political subdivisions 40,122 1,901 449 8 40,571 1,909 U.S. Government-sponsored mortgage-backed securities 55,549 1,277 7,786 239 63,335 1,516 U.S. Government-sponsored collateralized mortgage obligations 7,299 126 — — 7,299 126 U.S. Government-guaranteed small business administration pools 11,160 392 — — 11,160 392 Trust preferred securities — — 827 792 827 792 Total $ 118,948 $ 3,878 $ 9,062 $ 1,039 $ 128,010 $ 4,917 The above table comprises 113 investment securities where the fair value is less than the related amortized cost. The following is a summary of the fair value of available-for-sale securities with unrealized losses and an aging of those unrealized losses at December 31, 2016: (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 $ 7,643 $ 180 $ — $ — $ 7,643 $ 180 Obligations of states and political subdivisions 41,668 2,031 — — 41,668 2,031 U.S. Government-sponsored mortgage-backed securities 68,386 1,487 2,044 59 $ 70,430 1,546 U.S. Government-sponsored collateralized mortgage obligations 9,350 155 — — 9,350 155 U.S. Government-guaranteed small business administration pools 8,757 317 — — $ 8,757 317 Trust preferred securities — — 825 795 825 795 Total $ 135,804 $ 4,170 $ 2,869 $ 854 $ 138,673 $ 5,024 The above table comprises 122 investment securities where the fair 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 agencies and corporations, obligations of states and political subdivisions, U.S. Government-sponsored mortgage-backed securities, U.S. Government-sponsored collateralized mortgage obligations and U.S. Government-guaranteed small business administration pools were caused by changes in market rates and related spreads. The significant increase in unrealized losses beginning in 2016 is a direct result of the spike in interest rates immediately following the election results. 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 March 31, 2017. 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 Statements 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 Statements 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 9, the Company assessed the impairment of trust preferred securities currently in an illiquid market. The Company records impairment credit losses in earnings (before tax) and non-credit impairment losses in other comprehensive income (loss) (before tax). Through the impairment assessment process, there was no OTTI loss recognized in the three months ended March 31, 2017 and 2016. The following provides a cumulative rollforward of credit losses recognized in earnings for trust preferred securities held. (Amounts in thousands) Three Months Ended March 31, 2017 2016 Beginning balance $ 140 $ 140 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 — — Additional credit losses on debt securities for which other-than- temporary impairment was previously recognized — — Sale of debt securities — — Ending balance $ 140 $ 140 At March 31, 2017 and December 31, 2016, there were $827,000 and $825,000, respectively, of investment securities considered to be in non-accrual status. This balance is comprised of two trust preferred securities at March 31, 2017. 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	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Loans and Allowance for Loan Losses	4.) 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) March 31, 2017 December 31, 2016 Balance % Balance % Commercial $ 64,555 16.3 $ 96,281 22.9 Commercial real estate 245,875 61.9 238,692 56.9 Residential real estate 58,976 14.8 57,008 13.6 Consumer - home equity 24,573 6.2 25,061 6.0 Consumer - other 3,108 0.8 2,726 0.6 Total loans $ 397,087 $ 419,768 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 Stable Changes in lending policies and procedures Stable Experience, depth and ability of management, including loan review function Stable Economic trends, including valuation of underlying collateral Stable Concentrations of credit Stable The following factors are analyzed and applied to loans internally graded with higher credit risk in addition to the above factors for non-classified loans: Factor Considered: Risk Trend: Levels and trends in classification Increasing Declining trends in financial performance Stable Structure and lack of performance measures Stable Migration between risk categories Increasing The provision charged to operations can be allocated to a loan classification 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) March 31, 2017 Commercial Commercial real estate Residential estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 1,394 $ 3,072 $ 163 $ 150 $ 89 $ 4,868 Loan charge-offs — (93 ) — — (44 ) (137 ) Recoveries 108 — — 2 14 124 Net loan recoveries (charge-offs) 108 (93 ) — 2 (30 ) (13 ) Provision charged to operations (256 ) 247 (21 ) (4 ) 34 — Balance at end of period $ 1,246 $ 3,226 $ 142 $ 148 $ 93 $ 4,855 (Amounts in thousands) March 31, 2016 Commercial Commercial real estate Residential estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 1,977 $ 2,926 $ 153 $ 52 $ 86 $ 5,194 Loan charge-offs — — — — (39 ) (39 ) Recoveries — 1 — 4 20 25 Net loan recoveries (charge-offs) — 1 — 4 (19 ) (14 ) Provision charged to operations 8 (24 ) 1 (3 ) 18 — Balance at end of period $ 1,985 $ 2,903 $ 154 $ 53 $ 85 $ 5,180 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 classification of the allowance for loan losses and the recorded investment in loans at March 31, 2017 and December 31, 2016: (Amounts in thousands) March 31, 2017 Commercial Commercial real estate Residential estate Consumer - home equity Consumer - other Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 178 $ — $ — $ — $ 178 Collectively evaluated for impairment 1,246 3,048 142 148 93 4,677 Total ending allowance balance $ 1,246 $ 3,226 $ 142 $ 148 $ 93 $ 4,855 Loan Portfolio: Individually evaluated for impairment $ 93 $ 6,021 $ — $ — $ — $ 6,114 Collectively evaluated for impairment 64,462 239,854 58,976 24,573 3,108 390,973 Total ending loans balance $ 64,555 $ 245,875 $ 58,976 $ 24,573 $ 3,108 $ 397,087 (Amounts in thousands) December 31, 2016 Commercial Commercial real estate Residential estate Consumer - home equity Consumer - other Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 178 $ — $ — $ — $ 178 Collectively evaluated for impairment 1,394 2,894 163 150 89 4,690 Total ending allowance balance $ 1,394 $ 3,072 $ 163 $ 150 $ 89 $ 4,868 Loan Portfolio: Individually evaluated for impairment $ 106 $ 6,860 $ — $ — $ — $ 6,966 Collectively evaluated for impairment 96,175 231,832 57,008 25,061 2,726 412,802 Total ending loans balance $ 96,281 $ 238,692 $ 57,008 $ 25,061 $ 2,726 $ 419,768 The decrease in commercial loan balances from year-end was due in part to 60-day or less term commercial loans for a total of $29.7 million that closed in December 2016 and were fully secured by segregated deposit accounts with the Bank. The loans matured in the first quarter of 2017. The decrease in the allowance for commercial loans is due to net recoveries of $108,000 and the decrease in the historical factor. The increase in the provision for commercial real estate loans is due mainly to an increase in the historical factor along with an increase in loan charge-offs. The amount of net charge-offs also impacts the provision charged to operations for any category of loans. Charge-offs affect the historical rate applied to each category, and the amount needed to replenish the amount charged-off, which impacted home equity and consumer loans as well as commercial real estate loans. The following tables represent credit exposures by internally assigned grades for March 31, 2017 and December 31, 2016. 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 table is a summary of credit quality indicators by internally assigned grades as of March 31, 2017 and December 31, 2016: (Amounts in thousands) Commercial Commercial real estate March 31, 2017 Pass $ 45,817 $ 210,455 Special Mention 15,366 28,370 Substandard 3,372 7,050 Doubtful — — Ending Balance $ 64,555 $ 245,875 (Amounts in thousands) Commercial Commercial real estate December 31, 2016 Pass $ 80,644 $ 208,337 Special Mention 12,836 22,633 Substandard 2,801 7,722 Doubtful — — Ending Balance $ 96,281 $ 238,692 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 table is a summary of consumer credit exposure as of March 31, 2017 and December 31, 2016: (Amounts in thousands) Residential real estate Consumer Consumer - other March 31, 2017 Performing $ 57,719 $ 24,522 $ 3,108 Nonperforming 1,257 51 — Total $ 58,976 $ 24,573 $ 3,108 (Amounts in thousands) Residential real estate Consumer Consumer - other December 31, 2016 Performing $ 55,743 $ 25,006 $ 2,726 Nonperforming 1,265 55 — Total $ 57,008 $ 25,061 $ 2,726 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 deducted from interest income. Loans in foreclosure are considered nonperforming. The following table is a summary of classes of loans on non-accrual status as of March 31, 2017 and December 31, 2016: (Amounts in thousands) March 31, 2017 December 31, 2016 Commercial $ — $ — Commercial real estate 1,757 1,458 Residential real estate 1,257 1,265 Consumer: Consumer - home equity 51 55 Consumer - other — — Total $ 3,065 $ 2,778 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. There were no loans modified as TDRs for the three months ended March 31, 2017 and 2016. None of the loans that were approved as TDR’s in 2015 or 2016 have subsequently defaulted in the three month periods ended March 31, 2016 and 2017. The following table is an aging analysis of the recorded investment of past due loans as of March 31, 2017 and December 31, 2016: (Amounts in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Current Total Loans Recorded Investment 90 Days and Accruing March 31, 2017 Commercial $ 54 $ — $ — $ 54 $ 64,501 $ 64,555 $ — Commercial real estate 28 — 1,648 1,676 244,199 245,875 — Residential real estate 90 58 1,131 1,279 57,697 58,976 — Consumer: Consumer - home equity 19 — 51 70 24,503 24,573 — Consumer - other 12 — — 12 3,096 3,108 — Total $ 203 $ 58 $ 2,830 $ 3,091 $ 393,996 $ 397,087 $ — (Amounts in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Current Total Loans Recorded Investment 90 Days and Accruing December 31, 2016 Commercial $ 377 $ — $ — $ 377 $ 95,904 $ 96,281 $ — Commercial real estate 1,189 83 1,347 2,619 236,073 238,692 — Residential real estate 58 9 1,184 1,251 55,757 57,008 — Consumer: Consumer - home equity — 46 55 101 24,960 25,061 — Consumer - other 13 — — 13 2,713 2,726 — Total $ 1,637 $ 138 $ 2,586 $ 4,361 $ 415,407 $ 419,768 $ — 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 allowance 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 March 31, 2017 and December 31, 2016. Also presented are the average recorded investments in the impaired balances and interest income recognized after impairment for the three months ended March 31, 2017 and 2016. (Amounts in thousands) Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2017 With no related allowance recorded: Commercial $ 93 $ 93 $ — Commercial real estate 5,547 5,748 — With an allowance recorded: Commercial — — — Commercial real estate 474 474 178 Total: Commercial $ 93 $ 93 $ — Commercial real estate $ 6,021 $ 6,222 $ 178 (Amounts in thousands) Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2016 With no related allowance recorded: Commercial $ 106 $ 106 $ — Commercial real estate 5,681 5,789 — With an allowance recorded: Commercial — — — Commercial real estate 1,179 1,179 178 Total: Commercial $ 106 $ 106 $ — Commercial real estate $ 6,860 $ 6,968 $ 178 (Amounts in thousands) Three Months Ended Average Recorded Investment Interest Income Recognized March 31, 2017 With no related allowance recorded: Commercial $ 97 $ 2 Commercial real estate 5,603 74 With an allowance recorded: Commercial — — Commercial real estate 941 6 Total: Commercial $ 97 $ 2 Commercial real estate $ 6,544 $ 80 (Amounts in thousands) Three Months Ended Average Recorded Investment Interest Income Recognized March 31, 2016 With no related allowance recorded: Commercial $ 223 $ 3 Commercial real estate 7,183 83 With an allowance recorded: Commercial 1,113 — Commercial real estate 1,233 24 Total: Commercial $ 1,336 $ 3 Commercial real estate $ 8,416 $ 107

Legal Proceedings

Legal Proceedings	3 Months Ended
	Mar. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Legal Proceedings	5.) Legal Proceedings: The Company is involved in legal actions arising in the ordinary course of business. In the opinion of management, the outcomes from these matters, either individually or in the aggregate, are not expected to have any material effect on the Company.

Earnings Per Share and Capital

Earnings Per Share and Capital Transactions	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share and Capital Transactions	6.) Earnings Per Share and Capital Transactions: Earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common outstanding stock, net of any treasury shares, during the period. Diluted earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding, net of any treasury shares, after consideration of the potential dilutive effect of common stock equivalents, based upon the treasury stock method using an average market price for the period. The common stock equivalents are comprised of the restricted share awards. Three Months Ended March 31, 2017 2016 Net income (amounts in thousands) $ 1,000 $ 1,362 Weighted average common shares outstanding 4,406,646 4,404,783 Net effect of dilutive common share equivalents 4,528 — Adjusted average shares outstanding-dilutive 4,411,174 4,404,783 Basic earnings per share $ 0.23 $ 0.31 Diluted earnings per share $ 0.23 $ 0.31

Subordinated Debt

Subordinated Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Subordinated Debt	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 March 31, 2017 and December 31, 2016 were 2.58% and 2.41%, respectively. 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

Commitments	3 Months Ended
	Mar. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments	8.) Commitments: 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 table is a summary of such contractual commitments: (Amounts in thousands) March 31, 2017 December 31, 2016 Commitments to extend credit: Fixed rate $ 29,701 $ 18,709 Variable rate 49,441 57,176 Standby letters of credit 3,512 412 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 Company 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 increase in commitments is in line with the Company’s increased focus on commercial and industrial lending, and specifically lines of credit. 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) March 31, 2017 December 31, 2016 Overdraft protection available on depositors' accounts $ 9,682 $ 9,655 Balance of overdrafts included in loans 63 80 Average daily balance of overdrafts 122 105 Average daily balance of overdrafts as a percentage of available 1.26 % 1.09 % 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 party are not designated as hedges under FASB ASC 815 and are 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 March 31, 2017 and December 31, 2016, the Company had one U.S. Government-sponsored mortgage-backed security pledged for collateral on its interest rate swaps with the third party financial institution with a fair value of $1.6 million at March 31, 2017 and $1.7 million at December 31, 2016. Summary information regarding these derivatives is presented below: (Amounts in thousands) Notional Amount Fair Value March 31, 2017 December 31, 2016 Interest Rate Paid Interest Rate Received March 31, 2017 December 31, 2016 Customer interest rate swap Maturing in 2020 $ 2,571 $ 2,594 1 Mo. Libor + Margin Fixed $ 5 $ 15 Maturing in 2025 5,546 5,630 1 Mo. Libor + Margin Fixed 74 101 Maturing in 2026 2,150 2,178 1 Mo. Libor + Margin Fixed (37 ) (29 ) Maturing in 2027 9,450 6,150 1 Mo. Libor + Margin Fixed 218 210 Total $ 19,717 $ 16,552 $ 260 $ 297 Third party interest rate swap Maturing in 2020 $ 2,571 $ 2,594 Fixed 1 Mo. Libor + Margin $ (5 ) $ (15 ) Maturing in 2025 5,546 5,630 Fixed 1 Mo. Libor + Margin (74 ) (101 ) Maturing in 2026 2,150 2,178 Fixed 1 Mo. Libor + Margin 37 29 Maturing in 2027 9,450 6,150 Fixed 1 Mo. Libor + Margin (218 ) (210 ) Total $ 19,717 $ 16,552 $ (260 ) $ (297 ) 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 March 31, 2017 Interest rate derivatives Other assets $ 260 Other liabilities $ 260 December 31, 2016 Interest rate derivatives Other assets $ 297 Other liabilities $ 297

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	9.) Fair Value of Assets and Liabilities: 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 March 31, 2017 and December 31, 2016 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 March 31, 2017 Using Description March 31, 2017 Quoted Prices in Active Markets Identical Assets (Level 1) Significant Other Observable (Level 2) Significant Unobservable (Level 3) ASSETS U.S. Government agencies and corporations $ 8,013 $ — $ 8,013 $ — Obligations of states and political subdivisions 62,398 — 62,398 — U.S. Government-sponsored mortgage-backed securities 72,821 — 72,821 — U.S. Government-sponsored collateralized mortgage obligations 7,299 — 7,299 — U.S. Government-guaranteed small business administration pools 11,160 — 11,160 — Trust preferred securities 827 — — 827 Regulatory stock 2,581 2,581 — — Loans held for sale 2,436 2,436 — — Interest rate derivatives 260 — 260 — LIABILITIES Interest rate derivatives $ 260 $ — $ 260 $ — (Amounts in thousands) Fair Value Measurements at December 31, 2016 Using Description December 31, 2016 Quoted Prices in Active Markets Identical Assets (Level 1) Significant Other Observable (Level 2) Significant Unobservable (Level 3) ASSETS U.S. Government agencies and corporations $ 7,988 $ — $ 7,988 $ — Obligations of states and political subdivisions 66,770 — 66,770 — U.S. Government-sponsored mortgage-backed securities 79,767 — 79,767 — U.S. Government-sponsored collateralized mortgage obligations 9,349 — 9,349 — U.S. Government-guaranteed small business administration pools 11,939 — 11,939 — Trust preferred securities 825 — — 825 Regulatory stock 2,581 2,581 — — Loans held for sale 4,554 4,554 — — Interest rate derivatives 297 — 297 — LIABILITIES Interest rate derivatives $ 297 $ — $ 297 $ — The following tables present the changes in the Level 3 fair value category for the three months ended March 31, 2017 and 2016. 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) Three Months Ended March 31, 2017 2016 Trust preferred securities Trust preferred securities Beginning balance $ 825 $ 778 Net realized/unrealized losses included in: Noninterest income — — Other comprehensive income (loss) 3 (48 ) Discount accretion (premium amortization) — — Sales — — Purchases, issuance, and settlements (1 ) (4 ) Ending balance $ 827 $ 726 Losses included in net income for the period relating to assets held at period end $ — $ — 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 The following table details the breakdown of trust preferred securities for the periods indicated: (Dollar amounts in thousands) March 31, 2017 December 31, 2016 Total number of trust preferred securities 2 2 Par value $ 1,969 $ 1,970 Number not considered OTTI 1 1 Par value $ 933 $ 940 Number considered OTTI 1 1 Par value $ 1,036 $ 1,030 Life-to-date impairment recognized in earnings $ 140 $ 140 Life-to-date impairment recognized in other comprehensive income 792 795 Total life-to-date impairment $ 932 $ 935 The following table details the one debt security with other-than-temporary impairment, its credit rating at March 31, 2017 and the related losses recognized in earnings: (Amounts in thousands) Moody’s/Fitch Rating Amount of OTTI related to credit loss at January 1, 2017 Additions in QTD March 31, 2017 Amount of OTTI related to credit loss at March 31, 2017 Trapeza IX B-1 Caa2/CC $ 140 $ — $ 140 Total $ 140 $ — $ 140 The following table details the one debt security with other-than-temporary impairment, its credit ratings at March 31, 2016 and the related losses recognized in earnings: (Amounts in thousands) Moody’s/Fitch Rating Amount of OTTI related to credit loss at January 1, 2016 Additions in QTD March 31, 2016 Amount of OTTI related to credit loss at March 31, 2016 Trapeza IX B-1 Caa2/CC $ 140 $ — $ 140 Total $ 140 $ — $ 140 The following table provides additional information related to the Company’s trust preferred securities as of March 31, 2017 used to evaluate other-than-temporary impairments: (Amounts in thousands) Deal Class Amortized Cost Fair Unrealized Gain/(Loss) Moody’s/ Fitch Rating Number of Issuers Currently Performing Deferrals and Defaults as a % of Current Collateral Excess Subordination as % of Current Performing Collateral PreTSL XXIII C-2 $ 759 $ 309 $ (450 ) B2/CCC 90 22.5 % 5.48 % Trapeza IX B-1 860 518 (342 ) Caa2/CC 32 13.3 — Total $ 1,619 $ 827 $ (792 ) The following table provides additional information related to the Company’s trust preferred securities as of December 31, 2016 used to evaluate other-than-temporary impairments: (Amounts in thousands) Deal Class Amortized Cost Fair Unrealized Gain/(Loss) Moody’s/ Fitch Rating Number of Issuers Currently Performing Deferrals and Defaults as a % of Current Collateral Excess Subordination as % of Current Performing Collateral PreTSL XXIII C-2 $ 760 $ 310 $ (450 ) B2/CCC 90 22.5 % 5.33 % Trapeza IX B-1 860 515 (345 ) Caa2/CC 32 13.3 — Total $ 1,620 $ 825 $ (795 ) The market for these securities at March 31, 2017 and December 31, 2016 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 new issuance is essentially nonexistent. 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 March 31, 2017; 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 PreTSL XXIII cash flows are discounted at 15.21% through its maturity date of December 2036 and would have to experience an additional $229 million of nonperforming collateral (of $852 million performing) in order to incur any impairment. The aggregate cash flows for the C-2 tranche are estimated to be $43.7 million on a current principal of $26.1 million. The Trapeza IX B-1 cash flows are discounted at 9.60% through its maturity of January 2038 and would experience additional impairment upon further occurrence of nonperforming collateral of $31 million (of $212.7 million performing). The aggregate cash flows for the B-1 tranche are estimated to be $42.8 million on a current principal of $23.8 million. T he following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of March 31, 2017 and December 31, 2016, 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) March 31, 2017 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 5,936 $ 5,936 Other real estate owned — — 480 480 (Amounts in thousands) December 31, 2016 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 6,788 $ 6,788 Financial Instruments The Company discloses 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 March 31, 2017 and December 31, 2016 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 fair values of the Company’s financial instruments are as follows: (Amounts in thousands) March 31, 2017 Carrying Amount Level 1 Level 2 Level 3 Fair Value ASSETS: Cash and cash equivalents $ 15,930 $ 15,930 $ — $ — $ 15,930 Investment securities available-for-sale 165,099 2,581 161,691 827 165,099 Loans held for sale 2,436 2,436 — — 2,436 Loans, net of allowance for loan losses 392,232 — — 395,299 395,299 Bank-owned life insurance 17,451 17,451 — — 17,451 Accrued interest receivable 2,010 2,010 — — 2,010 Interest rate derivatives 260 — 260 — 260 LIABILITIES: Demand, savings and money market deposits $ 384,742 $ 384,742 $ — $ — $ 384,742 Time deposits 132,610 — — 134,442 134,442 Short term borrowings 2,281 2,281 — — 2,281 Federal Home Loan Bank advances - short term 11,000 3,000 — 7,991 10,991 Federal Home Loan Bank advances - long term 17,000 — — 17,023 17,023 Subordinated debt 5,155 — — 4,504 4,504 Accrued interest payable 296 296 — — 296 Interest rate derivatives 260 — 260 — 260 (Amounts in thousands) December 31, 2016 Carrying Amount Level 1 Level 2 Level 3 Fair Value ASSETS: Cash and cash equivalents $ 15,351 $ 15,351 $ — $ — $ 15,351 Investment securities available-for-sale 179,219 2,581 175,813 825 179,219 Loans held for sale 4,554 4,554 — — 4,554 Loans, net of allowance for loan losses 414,900 — — 418,532 418,532 Bank-owned life insurance 17,376 17,376 — — 17,376 Accrued interest receivable 2,041 2,041 — — 2,041 Interest rate derivatives 297 — 297 — 297 LIABILITIES: Demand, savings and money market deposits $ 408,983 $ 408,983 $ — $ — $ 408,983 Time deposits 130,867 — — 133,108 133,108 Short term borrowings 2,702 2,702 — — 2,702 Federal Home Loan Bank advances - short term 23,000 17,000 — 5,998 22,998 Federal Home Loan Bank advances - long term 17,500 — — 17,580 17,580 Subordinated debt 5,155 — — 4,363 4,363 Accrued interest payable 288 288 — — 288 Interest rate derivatives 297 — 297 — 297 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 March 31, 2017: (Amounts in thousands) Fair value at March 31, 2017 Valuation Technique Significant Unobservable Input Description of Inputs Trust preferred securities $ 827 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 ~9.60% to ~15.21%, depending on each bond's seniority and remaining subordination after projected losses. Impaired loans 5,936 Appraisal of Collateral (1) Appraisal Adjustments (2) Range (0)% to (50)% Weighted average (28)% Liquidation Expenses (2) Range (0)% to (48)% Weighted average (5)% Other real estate owned 480 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, 2016: (Amounts in thousands) Fair value at December 31, 2016 Valuation Technique Significant Unobservable Input Description of Inputs Trust preferred securities $ 825 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 ~9.69% to ~15.11%, depending on each bond's seniority and remaining subordination after projected losses. Impaired loans 6,788 Appraisal of Collateral (1) Appraisal Adjustments (2) Range (0)% to (50)% Weighted average (29)% Liquidation Expenses (2) Range (0)% to (48)% Weighted average (5)% (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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	10.) Accumulated Other Comprehensive Income (Loss): The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three months ended March 31, 2017 and 2016: (Amounts in thousands) Three Months Ended March 31, 2017 2016 Unrealized gains (losses) on available-for-sale securities (a) Change in pension and postretirement obligations (a) Unrealized gains (losses) on available-for-sale securities (a) Change in pension and postretirement obligations (a) Beginning balance $ (2,909 ) $ (52 ) $ (147 ) $ (91 ) Other comprehensive income (loss) before reclassification 10 (5 ) 756 13 Amount reclassified from accumulated other comprehensive income (loss) (6 ) — (236 ) — Total other comprehensive income (loss) 4 (5 ) 520 13 Ending balance $ (2,905 ) $ (57 ) $ 373 $ (78 ) (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 income or loss for the three months ended March 31, 2017 and 2016: (Amounts in thousands) Three Months Ended March 31, 2017 2016 Amount reclassified from accumulated other comprehensive loss (a) Amount reclassified from accumulated other comprehensive loss (a) 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 $ 9 $ 358 Investment securities available-for-sale gains, net (3 ) (122 ) Federal income tax expense $ 6 $ 236 Net of tax (a) Amounts in parentheses indicate debits to net income.

Post-Retirement Obligations

Post-Retirement Obligations	3 Months Ended
	Mar. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Post-Retirement Obligations	11.) Post-Retirement Obligations: The Company accrues for the monthly benefit expense of post-retirement cost of insurance for split dollar life insurance coverage. The following table presents the changes in the accumulated liability: (Amounts in thousands) Three Months Ended March 31, 2017 2016 Beginning balance $ 840 $ 856 Expense recorded 13 6 Other comprehensive income (loss) recorded 5 (13 ) Ending balance $ 858 $ 849

Stock Repurchase Program

Stock Repurchase Program	3 Months Ended
	Mar. 31, 2017
Stock Repurchase Program [Abstract]
Stock Repurchase Program	12.) Stock Repurchase Program: On January 26, 2016, the Company’s Board of Directors approved a 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 terminated on December 31, 2016. The Company did not purchase any shares under this program. On January 24, 2017, 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 4,420,055 shares outstanding at January 24, 2017, of the Company’s outstanding common stock. This program will terminate on December 31, 2017 or upon purchase of 100,000 shares if earlier or at any time without prior notice. The Company did not purchase any shares under this program to date. 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. Based on the value of the Company’s stock on March 31, 2017, the commitment to repurchase the stock over the program is approximately $1.9 million.

Short-Term Borrowings

Short-Term Borrowings	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Short-Term Borrowings	13.) Short-Term Borrowings: The following table provides additional detail regarding short-term borrowings: (Amounts in thousands) Repurchase Agreements (Sweep) Accounted for as Secured Borrowings At March 31, 2017 At December 31, 2016 Remaining Contractual Maturity of the Agreements Overnight and Continuous Overnight and Continuous Repurchase agreements: U.S. Government-sponsored mortgage-backed securities $ 2,755 $ 2,898 Total collateral carrying value $ 2,755 $ 2,898 Total short-term borrowings $ 2,281 $ 2,702

Equity Compensation

Equity Compensation	3 Months Ended
	Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity Compensation	14.) Equity Compensation: During 2015, the Company, created the 2015 Omnibus Equity Plan and The Director Equity Plan. The Omnibus Equity Plan permits the award of up to 340,000 shares to the Company’s employees to promote the long-term financial success of the Company, increasing stockholder value by providing employees the opportunity to acquire an ownership interest in the Company and enabling the Company and its related entities to attract and retain the services of those upon whom the successful conduct of business depends. There were 12,976 restricted board approved shares granted under the plan in March 2017 and 13,683 restricted board approved shares granted under the plan in April 2016. The Company is expensing the grant date fair value of all share-based compensation over the requisite vesting periods on a prorated straight-line basis. In the first quarter of 2017, $18,000 was recorded in the Consolidated Statements of Income. There was none recorded in the first quarter of 2016. As of March 31, 2017, there was $380,000 of total unrecognized compensation expense related to the non-vested shares granted under the Plan and at December 31, 2016 there was $161,000 of total unrecognized compensation expense related to the non-vested shares granted under the Plan. Shares awarded under this plan vest in equal thirds on the first three anniversaries of the award date if the employee remains employed with Cortland Bancorp. The remaining expense is expected to be recognized over the next 36 months. Granted shares are awarded upon meeting achievement of performance objectives derived from one or more of the performance criteria. The main metrics used include earnings per share and total shareholder return. The Director Equity Plan permits the award of up to 113,000 shares to nonemployee directors to promote the long-term financial success of the Company, increasing shareholder value by enabling the Company and its related entities to attract and retain the services of those directors upon whom the successful conduct of business depends. There were 1,656 board approved shares granted under the plan in March 2017 with immediate vesting, and 1,789 board approved shares granted under the plan in April 2016 with immediate vesting. In the first quarter of 2017, $30,000 was recorded in the Consolidated Statements of Income. There was none recorded in the first quarter of 2016. The following is the activity under the two plans during the three months ended March 31, 2017: Restricted Stock Units Units Price at Grant Date Nonvested at January 1, 2017 13,683 $ 15.25 Granted 14,632 18.25 Vested 1,656 18.25 Forfeited — — Nonvested at March 31, 2017 26,659 $ 16.71

Extinguishment of Debt

Extinguishment of Debt	3 Months Ended
	Mar. 31, 2017
Extinguishment Of Debt Disclosures [Abstract]
Extinguishment of Debt	15.) Extinguishment of Debt: In January of 2016, the Company paid off two FHLB convertible fixed rate advances totaling $4.5 million with an average rate of 4.01% due in 2017. The Company incurred prepayment penalties of $242,000, or $160,000 after tax. The Earnings per Share effect of ($.04) was offset by gains generated on investment securities sales during the same month. The Company used a combination of alternative wholesale borrowings at a rate of 1.44% and current liquidity to fund the early payoff, for an estimated annual interest expense savings of $130,000.

Authoritative Accounting Guid24

Authoritative Accounting Guidance (Policies)	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Authoritative Accounting Guidance	2.) Authoritative Accounting Guidance: In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this Update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This Update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606). The amendments in this Update defer the effective date of ASU 2014-09 for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. All other entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. 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 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815) . Topic 815 For public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within fiscal years In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815) For public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. For entities other than public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within fiscal years beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718) Share-Based Payment for any entity in any interim or annual period. This Update is not expected to have a significant impact on the Company’s financial statements. In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivative and Hedging (Topic 815 In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In October 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), Clarifying the Definition of a Business In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323), Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings. Revenue from Contracts with Customers (Topic 606) Leases (Topic 842) Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting units fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. A public business entity that is a U.S. Securities and Exchange Commission (“SEC”) filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. A public business entity that is not an SEC filer should adopt the amendments in this Update for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2020. All other entities, including not-for-profit entities, that are adopting the amendments in this Update should do so for their annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2021. In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) This Update is not expected to have a significant impact on the Company’s financial statements. In February 2017, the FASB issued ASU 2017-06 , Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), and Health and Welfare Benefit Plans (Topic 965) This Update relates primarily to the reporting by an employee benefit plan for its interest in a master trust, which is a trust for which a regulated financial institution serves as a trustee or custodian and in which assets of more than one plan sponsored by a single employer or by a group of employers under common control are held. For each master trust in which a plan holds an interest, the amendments in this Update require a plan's interest in that master trust and any change in that interest to be presented in separate line items in the statement of net assets available for benefits and in the statement of changes in net assets available for benefits, respectively. The amendments in this Update remove the requirement to disclose the percentage interest in the master trust for plans with divided interests and require that all plans disclose the dollar amount of their interest in each of those general types of investments, which supplements the existing requirement to disclose the master trusts balances in each general type of investments. There are also increased disclosure requirements for investments in master trusts. The amendments in this Update are effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beg For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principle. This Update is not expected to have a significant impact on the Company’s financial statements.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Investments Debt And Equity Securities [Abstract]
Summary of Investment Securities Available-for-Sale	The following table is a summary of investment securities available-for-sale: (Amounts in thousands) March 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies and corporations $ 8,170 $ 25 $ 182 $ 8,013 Obligations of states and political subdivisions 63,847 460 1,909 62,398 U.S. Government-sponsored mortgage-backed securities 74,307 30 1,516 72,821 U.S. Government-sponsored collateralized mortgage obligations 7,425 — 126 7,299 U.S. Government-guaranteed small business administration pools 11,552 — 392 11,160 Trust preferred securities 1,619 — 792 827 Total debt securities 166,920 515 4,917 162,518 Federal Home Loan Bank (FHLB) stock 2,355 — — 2,355 Federal Reserve Bank (FRB) stock 226 — — 226 Total regulatory stock 2,581 — — 2,581 Total investment securities available-for-sale $ 169,501 $ 515 $ 4,917 $ 165,099 (Amounts in thousands) December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government agencies and corporations $ 8,165 $ 3 $ 180 $ 7,988 Obligations of states and political subdivisions 68,219 582 2,031 66,770 U.S. Government-sponsored mortgage-backed securities 81,281 32 1,546 79,767 U.S. Government-sponsored collateralized mortgage obligations 9,504 — 155 9,349 U.S. Government-guaranteed small business administration pools 12,255 1 317 11,939 Trust preferred securities 1,620 — 795 825 Total debt securities 181,044 618 5,024 176,638 Federal Home Loan Bank (FHLB) stock 2,355 — — 2,355 Federal Reserve Bank (FRB) stock 226 — — 226 Total regulatory stock 2,581 — — 2,581 Total investment securities available-for-sale $ 183,625 $ 618 $ 5,024 $ 179,219
Summary of Realized and Unrealized Gains and Losses on Trading Securities	(Amounts in thousands) Three Months Ended March 31, 2016 Unrealized gains $ 9 Unrealized losses (34 ) Net unrealized losses (25 ) Net realized losses (9 ) Trading securities losses, net $ (34 )
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity	The amortized cost and fair value of debt securities at March 31, 2017, 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 829 855 Due after five years through ten years 15,201 15,243 Due after ten years 69,158 66,300 Total 85,188 82,398 U.S. Government-sponsored mortgage-backed and related securities 81,732 80,120 Total debt securities $ 166,920 $ 162,518
Proceeds and Gains or Losses Realized on Available for Sale Securities Sold or Called	The table below sets forth the proceeds and gains or losses realized on available for sale securities sold or called for the periods presented: (Amounts in thousands) Three Months Ended March 31, 2017 2016 Proceeds on securities sold $ 15,725 $ 26,505 Gross realized gains 146 435 Gross realized losses 137 77
Fair Value of Securities with Unrealized Losses and an Aging of those Unrealized Losses	The following is a summary of the fair value of available-for-sale securities with unrealized losses and an aging of those unrealized losses at March 31, 2017: (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 $ 4,818 $ 182 $ — $ — $ 4,818 $ 182 Obligations of states and political subdivisions 40,122 1,901 449 8 40,571 1,909 U.S. Government-sponsored mortgage-backed securities 55,549 1,277 7,786 239 63,335 1,516 U.S. Government-sponsored collateralized mortgage obligations 7,299 126 — — 7,299 126 U.S. Government-guaranteed small business administration pools 11,160 392 — — 11,160 392 Trust preferred securities — — 827 792 827 792 Total $ 118,948 $ 3,878 $ 9,062 $ 1,039 $ 128,010 $ 4,917 The above table comprises 113 investment securities where the fair value is less than the related amortized cost. The following is a summary of the fair value of available-for-sale securities with unrealized losses and an aging of those unrealized losses at December 31, 2016: (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 $ 7,643 $ 180 $ — $ — $ 7,643 $ 180 Obligations of states and political subdivisions 41,668 2,031 — — 41,668 2,031 U.S. Government-sponsored mortgage-backed securities 68,386 1,487 2,044 59 $ 70,430 1,546 U.S. Government-sponsored collateralized mortgage obligations 9,350 155 — — 9,350 155 U.S. Government-guaranteed small business administration pools 8,757 317 — — $ 8,757 317 Trust preferred securities — — 825 795 825 795 Total $ 135,804 $ 4,170 $ 2,869 $ 854 $ 138,673 $ 5,024
Other than Temporary Impairment Credit Losses Recognized in Earnings	The following provides a cumulative rollforward of credit losses recognized in earnings for trust preferred securities held. (Amounts in thousands) Three Months Ended March 31, 2017 2016 Beginning balance $ 140 $ 140 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 — — Additional credit losses on debt securities for which other-than- temporary impairment was previously recognized — — Sale of debt securities — — Ending balance $ 140 $ 140

Loans and Allowance for Loan 26

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Composition of the Loan Portfolio	The following represents the composition of the loan portfolio for the period ending: (Amounts in thousands) March 31, 2017 December 31, 2016 Balance % Balance % Commercial $ 64,555 16.3 $ 96,281 22.9 Commercial real estate 245,875 61.9 238,692 56.9 Residential real estate 58,976 14.8 57,008 13.6 Consumer - home equity 24,573 6.2 25,061 6.0 Consumer - other 3,108 0.8 2,726 0.6 Total loans $ 397,087 $ 419,768
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 Stable Changes in lending policies and procedures Stable Experience, depth and ability of management, including loan review function Stable Economic trends, including valuation of underlying collateral Stable Concentrations of credit Stable
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 credit risk in addition to the above factors for non-classified loans: Factor Considered: Risk Trend: Levels and trends in classification Increasing Declining trends in financial performance Stable Structure and lack of performance measures Stable Migration between risk categories Increasing
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) March 31, 2017 Commercial Commercial real estate Residential estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 1,394 $ 3,072 $ 163 $ 150 $ 89 $ 4,868 Loan charge-offs — (93 ) — — (44 ) (137 ) Recoveries 108 — — 2 14 124 Net loan recoveries (charge-offs) 108 (93 ) — 2 (30 ) (13 ) Provision charged to operations (256 ) 247 (21 ) (4 ) 34 — Balance at end of period $ 1,246 $ 3,226 $ 142 $ 148 $ 93 $ 4,855 (Amounts in thousands) March 31, 2016 Commercial Commercial real estate Residential estate Consumer - home equity Consumer - other Total Balance at beginning of period $ 1,977 $ 2,926 $ 153 $ 52 $ 86 $ 5,194 Loan charge-offs — — — — (39 ) (39 ) Recoveries — 1 — 4 20 25 Net loan recoveries (charge-offs) — 1 — 4 (19 ) (14 ) Provision charged to operations 8 (24 ) 1 (3 ) 18 — Balance at end of period $ 1,985 $ 2,903 $ 154 $ 53 $ 85 $ 5,180
Allowance for Loan Losses and the Recorded Investment in Loans	The following tables present a full breakdown by portfolio classification of the allowance for loan losses and the recorded investment in loans at March 31, 2017 and December 31, 2016: (Amounts in thousands) March 31, 2017 Commercial Commercial real estate Residential estate Consumer - home equity Consumer - other Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 178 $ — $ — $ — $ 178 Collectively evaluated for impairment 1,246 3,048 142 148 93 4,677 Total ending allowance balance $ 1,246 $ 3,226 $ 142 $ 148 $ 93 $ 4,855 Loan Portfolio: Individually evaluated for impairment $ 93 $ 6,021 $ — $ — $ — $ 6,114 Collectively evaluated for impairment 64,462 239,854 58,976 24,573 3,108 390,973 Total ending loans balance $ 64,555 $ 245,875 $ 58,976 $ 24,573 $ 3,108 $ 397,087 (Amounts in thousands) December 31, 2016 Commercial Commercial real estate Residential estate Consumer - home equity Consumer - other Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 178 $ — $ — $ — $ 178 Collectively evaluated for impairment 1,394 2,894 163 150 89 4,690 Total ending allowance balance $ 1,394 $ 3,072 $ 163 $ 150 $ 89 $ 4,868 Loan Portfolio: Individually evaluated for impairment $ 106 $ 6,860 $ — $ — $ — $ 6,966 Collectively evaluated for impairment 96,175 231,832 57,008 25,061 2,726 412,802 Total ending loans balance $ 96,281 $ 238,692 $ 57,008 $ 25,061 $ 2,726 $ 419,768
Summary of Credit Quality Indicators by Internally Assigned Grades	The following table is a summary of credit quality indicators by internally assigned grades as of March 31, 2017 and December 31, 2016: (Amounts in thousands) Commercial Commercial real estate March 31, 2017 Pass $ 45,817 $ 210,455 Special Mention 15,366 28,370 Substandard 3,372 7,050 Doubtful — — Ending Balance $ 64,555 $ 245,875 (Amounts in thousands) Commercial Commercial real estate December 31, 2016 Pass $ 80,644 $ 208,337 Special Mention 12,836 22,633 Substandard 2,801 7,722 Doubtful — — Ending Balance $ 96,281 $ 238,692
Summary of Consumer Credit Exposure	The following table is a summary of consumer credit exposure as of March 31, 2017 and December 31, 2016: (Amounts in thousands) Residential real estate Consumer Consumer - other March 31, 2017 Performing $ 57,719 $ 24,522 $ 3,108 Nonperforming 1,257 51 — Total $ 58,976 $ 24,573 $ 3,108 (Amounts in thousands) Residential real estate Consumer Consumer - other December 31, 2016 Performing $ 55,743 $ 25,006 $ 2,726 Nonperforming 1,265 55 — Total $ 57,008 $ 25,061 $ 2,726
Summary of Classes of Loans on Non-Accrual Status	The following table is a summary of classes of loans on non-accrual status as of March 31, 2017 and December 31, 2016: (Amounts in thousands) March 31, 2017 December 31, 2016 Commercial $ — $ — Commercial real estate 1,757 1,458 Residential real estate 1,257 1,265 Consumer: Consumer - home equity 51 55 Consumer - other — — Total $ 3,065 $ 2,778
Aging Analysis of the Recorded Investment of Past Due Loans	The following table is an aging analysis of the recorded investment of past due loans as of March 31, 2017 and December 31, 2016: (Amounts in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Current Total Loans Recorded Investment 90 Days and Accruing March 31, 2017 Commercial $ 54 $ — $ — $ 54 $ 64,501 $ 64,555 $ — Commercial real estate 28 — 1,648 1,676 244,199 245,875 — Residential real estate 90 58 1,131 1,279 57,697 58,976 — Consumer: Consumer - home equity 19 — 51 70 24,503 24,573 — Consumer - other 12 — — 12 3,096 3,108 — Total $ 203 $ 58 $ 2,830 $ 3,091 $ 393,996 $ 397,087 $ — (Amounts in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Current Total Loans Recorded Investment 90 Days and Accruing December 31, 2016 Commercial $ 377 $ — $ — $ 377 $ 95,904 $ 96,281 $ — Commercial real estate 1,189 83 1,347 2,619 236,073 238,692 — Residential real estate 58 9 1,184 1,251 55,757 57,008 — Consumer: Consumer - home equity — 46 55 101 24,960 25,061 — Consumer - other 13 — — 13 2,713 2,726 — Total $ 1,637 $ 138 $ 2,586 $ 4,361 $ 415,407 $ 419,768 $ —
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 March 31, 2017 and December 31, 2016. Also presented are the average recorded investments in the impaired balances and interest income recognized after impairment for the three months ended March 31, 2017 and 2016. (Amounts in thousands) Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2017 With no related allowance recorded: Commercial $ 93 $ 93 $ — Commercial real estate 5,547 5,748 — With an allowance recorded: Commercial — — — Commercial real estate 474 474 178 Total: Commercial $ 93 $ 93 $ — Commercial real estate $ 6,021 $ 6,222 $ 178 (Amounts in thousands) Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2016 With no related allowance recorded: Commercial $ 106 $ 106 $ — Commercial real estate 5,681 5,789 — With an allowance recorded: Commercial — — — Commercial real estate 1,179 1,179 178 Total: Commercial $ 106 $ 106 $ — Commercial real estate $ 6,860 $ 6,968 $ 178 (Amounts in thousands) Three Months Ended Average Recorded Investment Interest Income Recognized March 31, 2017 With no related allowance recorded: Commercial $ 97 $ 2 Commercial real estate 5,603 74 With an allowance recorded: Commercial — — Commercial real estate 941 6 Total: Commercial $ 97 $ 2 Commercial real estate $ 6,544 $ 80 (Amounts in thousands) Three Months Ended Average Recorded Investment Interest Income Recognized March 31, 2016 With no related allowance recorded: Commercial $ 223 $ 3 Commercial real estate 7,183 83 With an allowance recorded: Commercial 1,113 — Commercial real estate 1,233 24 Total: Commercial $ 1,336 $ 3 Commercial real estate $ 8,416 $ 107

Earnings Per Share and Capita27

Earnings Per Share and Capital Transactions (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Computation of Basic Earnings Per Common Share	Earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common outstanding stock, net of any treasury shares, during the period. Diluted earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding, net of any treasury shares, after consideration of the potential dilutive effect of common stock equivalents, based upon the treasury stock method using an average market price for the period. The common stock equivalents are comprised of the restricted share awards. Three Months Ended March 31, 2017 2016 Net income (amounts in thousands) $ 1,000 $ 1,362 Weighted average common shares outstanding 4,406,646 4,404,783 Net effect of dilutive common share equivalents 4,528 — Adjusted average shares outstanding-dilutive 4,411,174 4,404,783 Basic earnings per share $ 0.23 $ 0.31 Diluted earnings per share $ 0.23 $ 0.31

Commitments (Tables)

Commitments (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Summary of Contractual Commitments	The following table is a summary of such contractual commitments: (Amounts in thousands) March 31, 2017 December 31, 2016 Commitments to extend credit: Fixed rate $ 29,701 $ 18,709 Variable rate 49,441 57,176 Standby letters of credit 3,512 412
Summary of Overdraft Protection	The following table is a summary of overdraft protection for the periods indicated: (Amounts in thousands) March 31, 2017 December 31, 2016 Overdraft protection available on depositors' accounts $ 9,682 $ 9,655 Balance of overdrafts included in loans 63 80 Average daily balance of overdrafts 122 105 Average daily balance of overdrafts as a percentage of available 1.26 % 1.09 %
Summary of Information Regarding Derivatives	Summary information regarding these derivatives is presented below: (Amounts in thousands) Notional Amount Fair Value March 31, 2017 December 31, 2016 Interest Rate Paid Interest Rate Received March 31, 2017 December 31, 2016 Customer interest rate swap Maturing in 2020 $ 2,571 $ 2,594 1 Mo. Libor + Margin Fixed $ 5 $ 15 Maturing in 2025 5,546 5,630 1 Mo. Libor + Margin Fixed 74 101 Maturing in 2026 2,150 2,178 1 Mo. Libor + Margin Fixed (37 ) (29 ) Maturing in 2027 9,450 6,150 1 Mo. Libor + Margin Fixed 218 210 Total $ 19,717 $ 16,552 $ 260 $ 297 Third party interest rate swap Maturing in 2020 $ 2,571 $ 2,594 Fixed 1 Mo. Libor + Margin $ (5 ) $ (15 ) Maturing in 2025 5,546 5,630 Fixed 1 Mo. Libor + Margin (74 ) (101 ) Maturing in 2026 2,150 2,178 Fixed 1 Mo. Libor + Margin 37 29 Maturing in 2027 9,450 6,150 Fixed 1 Mo. Libor + Margin (218 ) (210 ) Total $ 19,717 $ 16,552 $ (260 ) $ (297 )
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 March 31, 2017 Interest rate derivatives Other assets $ 260 Other liabilities $ 260 December 31, 2016 Interest rate derivatives Other assets $ 297 Other liabilities $ 297

Fair Value of Assets and Liab29

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 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 March 31, 2017 Using Description March 31, 2017 Quoted Prices in Active Markets Identical Assets (Level 1) Significant Other Observable (Level 2) Significant Unobservable (Level 3) ASSETS U.S. Government agencies and corporations $ 8,013 $ — $ 8,013 $ — Obligations of states and political subdivisions 62,398 — 62,398 — U.S. Government-sponsored mortgage-backed securities 72,821 — 72,821 — U.S. Government-sponsored collateralized mortgage obligations 7,299 — 7,299 — U.S. Government-guaranteed small business administration pools 11,160 — 11,160 — Trust preferred securities 827 — — 827 Regulatory stock 2,581 2,581 — — Loans held for sale 2,436 2,436 — — Interest rate derivatives 260 — 260 — LIABILITIES Interest rate derivatives $ 260 $ — $ 260 $ — (Amounts in thousands) Fair Value Measurements at December 31, 2016 Using Description December 31, 2016 Quoted Prices in Active Markets Identical Assets (Level 1) Significant Other Observable (Level 2) Significant Unobservable (Level 3) ASSETS U.S. Government agencies and corporations $ 7,988 $ — $ 7,988 $ — Obligations of states and political subdivisions 66,770 — 66,770 — U.S. Government-sponsored mortgage-backed securities 79,767 — 79,767 — U.S. Government-sponsored collateralized mortgage obligations 9,349 — 9,349 — U.S. Government-guaranteed small business administration pools 11,939 — 11,939 — Trust preferred securities 825 — — 825 Regulatory stock 2,581 2,581 — — Loans held for sale 4,554 4,554 — — Interest rate derivatives 297 — 297 — LIABILITIES Interest rate derivatives $ 297 $ — $ 297 $ —
Changes in the Level 3 Fair Value Category	The following tables present the changes in the Level 3 fair value category for the three months ended March 31, 2017 and 2016. 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) Three Months Ended March 31, 2017 2016 Trust preferred securities Trust preferred securities Beginning balance $ 825 $ 778 Net realized/unrealized losses included in: Noninterest income — — Other comprehensive income (loss) 3 (48 ) Discount accretion (premium amortization) — — Sales — — Purchases, issuance, and settlements (1 ) (4 ) Ending balance $ 827 $ 726 Losses included in net income for the period relating to assets held at period end $ — $ —
Breakdown of Trust Preferred Securities	The following table details the breakdown of trust preferred securities for the periods indicated: (Dollar amounts in thousands) March 31, 2017 December 31, 2016 Total number of trust preferred securities 2 2 Par value $ 1,969 $ 1,970 Number not considered OTTI 1 1 Par value $ 933 $ 940 Number considered OTTI 1 1 Par value $ 1,036 $ 1,030 Life-to-date impairment recognized in earnings $ 140 $ 140 Life-to-date impairment recognized in other comprehensive income 792 795 Total life-to-date impairment $ 932 $ 935
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 March 31, 2017 and the related losses recognized in earnings: (Amounts in thousands) Moody’s/Fitch Rating Amount of OTTI related to credit loss at January 1, 2017 Additions in QTD March 31, 2017 Amount of OTTI related to credit loss at March 31, 2017 Trapeza IX B-1 Caa2/CC $ 140 $ — $ 140 Total $ 140 $ — $ 140 The following table details the one debt security with other-than-temporary impairment, its credit ratings at March 31, 2016 and the related losses recognized in earnings: (Amounts in thousands) Moody’s/Fitch Rating Amount of OTTI related to credit loss at January 1, 2016 Additions in QTD March 31, 2016 Amount of OTTI related to credit loss at March 31, 2016 Trapeza IX B-1 Caa2/CC $ 140 $ — $ 140 Total $ 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 March 31, 2017 used to evaluate other-than-temporary impairments: (Amounts in thousands) Deal Class Amortized Cost Fair Unrealized Gain/(Loss) Moody’s/ Fitch Rating Number of Issuers Currently Performing Deferrals and Defaults as a % of Current Collateral Excess Subordination as % of Current Performing Collateral PreTSL XXIII C-2 $ 759 $ 309 $ (450 ) B2/CCC 90 22.5 % 5.48 % Trapeza IX B-1 860 518 (342 ) Caa2/CC 32 13.3 — Total $ 1,619 $ 827 $ (792 ) The following table provides additional information related to the Company’s trust preferred securities as of December 31, 2016 used to evaluate other-than-temporary impairments: (Amounts in thousands) Deal Class Amortized Cost Fair Unrealized Gain/(Loss) Moody’s/ Fitch Rating Number of Issuers Currently Performing Deferrals and Defaults as a % of Current Collateral Excess Subordination as % of Current Performing Collateral PreTSL XXIII C-2 $ 760 $ 310 $ (450 ) B2/CCC 90 22.5 % 5.33 % Trapeza IX B-1 860 515 (345 ) Caa2/CC 32 13.3 — Total $ 1,620 $ 825 $ (795 )
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 March 31, 2017 and December 31, 2016, 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) March 31, 2017 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 5,936 $ 5,936 Other real estate owned — — 480 480 (Amounts in thousands) December 31, 2016 Level 1 Level 2 Level 3 Total Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 6,788 $ 6,788
Carrying Amounts and Fair Values of the Company's Financial Instruments	The carrying amounts and fair values of the Company’s financial instruments are as follows: (Amounts in thousands) March 31, 2017 Carrying Amount Level 1 Level 2 Level 3 Fair Value ASSETS: Cash and cash equivalents $ 15,930 $ 15,930 $ — $ — $ 15,930 Investment securities available-for-sale 165,099 2,581 161,691 827 165,099 Loans held for sale 2,436 2,436 — — 2,436 Loans, net of allowance for loan losses 392,232 — — 395,299 395,299 Bank-owned life insurance 17,451 17,451 — — 17,451 Accrued interest receivable 2,010 2,010 — — 2,010 Interest rate derivatives 260 — 260 — 260 LIABILITIES: Demand, savings and money market deposits $ 384,742 $ 384,742 $ — $ — $ 384,742 Time deposits 132,610 — — 134,442 134,442 Short term borrowings 2,281 2,281 — — 2,281 Federal Home Loan Bank advances - short term 11,000 3,000 — 7,991 10,991 Federal Home Loan Bank advances - long term 17,000 — — 17,023 17,023 Subordinated debt 5,155 — — 4,504 4,504 Accrued interest payable 296 296 — — 296 Interest rate derivatives 260 — 260 — 260 (Amounts in thousands) December 31, 2016 Carrying Amount Level 1 Level 2 Level 3 Fair Value ASSETS: Cash and cash equivalents $ 15,351 $ 15,351 $ — $ — $ 15,351 Investment securities available-for-sale 179,219 2,581 175,813 825 179,219 Loans held for sale 4,554 4,554 — — 4,554 Loans, net of allowance for loan losses 414,900 — — 418,532 418,532 Bank-owned life insurance 17,376 17,376 — — 17,376 Accrued interest receivable 2,041 2,041 — — 2,041 Interest rate derivatives 297 — 297 — 297 LIABILITIES: Demand, savings and money market deposits $ 408,983 $ 408,983 $ — $ — $ 408,983 Time deposits 130,867 — — 133,108 133,108 Short term borrowings 2,702 2,702 — — 2,702 Federal Home Loan Bank advances - short term 23,000 17,000 — 5,998 22,998 Federal Home Loan Bank advances - long term 17,500 — — 17,580 17,580 Subordinated debt 5,155 — — 4,363 4,363 Accrued interest payable 288 288 — — 288 Interest rate derivatives 297 — 297 — 297
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 March 31, 2017: (Amounts in thousands) Fair value at March 31, 2017 Valuation Technique Significant Unobservable Input Description of Inputs Trust preferred securities $ 827 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 ~9.60% to ~15.21%, depending on each bond's seniority and remaining subordination after projected losses. Impaired loans 5,936 Appraisal of Collateral (1) Appraisal Adjustments (2) Range (0)% to (50)% Weighted average (28)% Liquidation Expenses (2) Range (0)% to (48)% Weighted average (5)% Other real estate owned 480 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, 2016: (Amounts in thousands) Fair value at December 31, 2016 Valuation Technique Significant Unobservable Input Description of Inputs Trust preferred securities $ 825 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 ~9.69% to ~15.11%, depending on each bond's seniority and remaining subordination after projected losses. Impaired loans 6,788 Appraisal of Collateral (1) Appraisal Adjustments (2) Range (0)% to (50)% Weighted average (29)% Liquidation Expenses (2) Range (0)% to (48)% Weighted average (5)% (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.

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three months ended March 31, 2017 and 2016: (Amounts in thousands) Three Months Ended March 31, 2017 2016 Unrealized gains (losses) on available-for-sale securities (a) Change in pension and postretirement obligations (a) Unrealized gains (losses) on available-for-sale securities (a) Change in pension and postretirement obligations (a) Beginning balance $ (2,909 ) $ (52 ) $ (147 ) $ (91 ) Other comprehensive income (loss) before reclassification 10 (5 ) 756 13 Amount reclassified from accumulated other comprehensive income (loss) (6 ) — (236 ) — Total other comprehensive income (loss) 4 (5 ) 520 13 Ending balance $ (2,905 ) $ (57 ) $ 373 $ (78 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits.
Schedule of Reclassifications out of Each Component of Accumulated Other Comprehensive Income (Loss)	The following table presents significant amounts reclassified out of each component of accumulated other comprehensive income or loss for the three months ended March 31, 2017 and 2016: (Amounts in thousands) Three Months Ended March 31, 2017 2016 Amount reclassified from accumulated other comprehensive loss (a) Amount reclassified from accumulated other comprehensive loss (a) 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 $ 9 $ 358 Investment securities available-for-sale gains, net (3 ) (122 ) Federal income tax expense $ 6 $ 236 Net of tax (a) Amounts in parentheses indicate debits to net income.

Post-Retirement Obligations (Ta

Post-Retirement Obligations (Tables)	3 Months Ended
	Mar. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Changes in Accumulated Liability	The following table presents the changes in the accumulated liability: (Amounts in thousands) Three Months Ended March 31, 2017 2016 Beginning balance $ 840 $ 856 Expense recorded 13 6 Other comprehensive income (loss) recorded 5 (13 ) Ending balance $ 858 $ 849

Short-Term Borrowings (Table)

Short-Term Borrowings (Table)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Additional Detail Regarding Short-Term Borrowings	The following table provides additional detail regarding short-term borrowings: (Amounts in thousands) Repurchase Agreements (Sweep) Accounted for as Secured Borrowings At March 31, 2017 At December 31, 2016 Remaining Contractual Maturity of the Agreements Overnight and Continuous Overnight and Continuous Repurchase agreements: U.S. Government-sponsored mortgage-backed securities $ 2,755 $ 2,898 Total collateral carrying value $ 2,755 $ 2,898 Total short-term borrowings $ 2,281 $ 2,702

Equity Compensation (Tables)

Equity Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Nonvested Restricted Stock Units Activity	The following is the activity under the two plans during the three months ended March 31, 2017: Restricted Stock Units Units Price at Grant Date Nonvested at January 1, 2017 13,683 $ 15.25 Granted 14,632 18.25 Vested 1,656 18.25 Forfeited — — Nonvested at March 31, 2017 26,659 $ 16.71

Authoritative Accounting Guid34

Authoritative Accounting Guidance (Details Textual) - Maximum - ASU 2016-02	Mar. 31, 2017
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Anticipated increase in assets, in percent	1.00%
Anticipated increase in liabilities, in percent	1.00%

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Summary of investment securities
Available-for-sale Securities, Amortized Cost	$ 169,501	$ 183,625
Available-for-sale Securities, Gross Unrealized Gains	515	618
Available-for-sale Securities, Gross Unrealized Losses	4,917	5,024
Available-for-sale securities, Fair Value	165,099	179,219
U.S. Government agencies and corporations
Summary of investment securities
Available-for-sale Securities, Amortized Cost	8,170	8,165
Available-for-sale Securities, Gross Unrealized Gains	25	3
Available-for-sale Securities, Gross Unrealized Losses	182	180
Available-for-sale securities, Fair Value	8,013	7,988
Obligations of states and political subdivisions
Summary of investment securities
Available-for-sale Securities, Amortized Cost	63,847	68,219
Available-for-sale Securities, Gross Unrealized Gains	460	582
Available-for-sale Securities, Gross Unrealized Losses	1,909	2,031
Available-for-sale securities, Fair Value	62,398	66,770
U.S. Government-sponsored mortgage-backed securities
Summary of investment securities
Available-for-sale Securities, Amortized Cost	74,307	81,281
Available-for-sale Securities, Gross Unrealized Gains	30	32
Available-for-sale Securities, Gross Unrealized Losses	1,516	1,546
Available-for-sale securities, Fair Value	72,821	79,767
U.S. Government-sponsored collateralized mortgage obligations
Summary of investment securities
Available-for-sale Securities, Amortized Cost	7,425	9,504
Available-for-sale Securities, Gross Unrealized Losses	126	155
Available-for-sale securities, Fair Value	7,299	9,349
U.S. Government-guaranteed small business administration pools
Summary of investment securities
Available-for-sale Securities, Amortized Cost	11,552	12,255
Available-for-sale Securities, Gross Unrealized Gains		1
Available-for-sale Securities, Gross Unrealized Losses	392	317
Available-for-sale securities, Fair Value	11,160	11,939
Trust preferred securities
Summary of investment securities
Available-for-sale Securities, Amortized Cost	1,619	1,620
Available-for-sale Securities, Gross Unrealized Losses	792	795
Available-for-sale securities, Fair Value	827	825
Total debt securities
Summary of investment securities
Available-for-sale Securities, Amortized Cost	166,920	181,044
Available-for-sale Securities, Gross Unrealized Gains	515	618
Available-for-sale Securities, Gross Unrealized Losses	4,917	5,024
Available-for-sale securities, Fair Value	162,518	176,638
Federal Home Loan Bank (FHLB) stock
Summary of investment securities
Available-for-sale Securities, Amortized Cost	2,355	2,355
Available-for-sale securities, Fair Value	2,355	2,355
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	2,581	2,581
Available-for-sale securities, Fair Value	$ 2,581	$ 2,581

Investment Securities (Details

Investment Securities (Details 1) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Investments Debt And Equity Securities [Abstract]
Unrealized gains	$ 9
Unrealized losses	(34)
Net unrealized losses	(25)
Net realized losses	(9)
Trading securities losses, net	$ (34)

Investment Securities (Detail37

Investment Securities (Details 2) $ in Thousands	Mar. 31, 2017USD ($)
Amortized cost and fair value of debt securities by contractual maturity
Amortized Cost, Due after one year through five years	$ 829
Amortized Cost, Due after five years through ten years	15,201
Amortized Cost, Due after ten years	69,158
Amortized Cost, Total	85,188
Total debt securities, Amortized Cost	166,920
Fair Value, Due after one year through five years	855
Fair Value, Due after five years through ten years	15,243
Fair Value, Due after ten years	66,300
Fair Value, Total	82,398
Total debt securities, Fair Value	162,518
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	81,732
Total debt securities, Fair Value	$ 80,120

Investment Securities (Detail38

Investment Securities (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Proceeds, gains and losses realized on securities sold or called
Proceeds on securities sold	$ 15,725	$ 26,505
Gross realized gains	146	435
Gross realized losses	$ 137	$ 77

Investment Securities (Detail39

Investment Securities (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)SecurityInvestment	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)Security
Investments Debt And Equity Securities [Abstract]
Carrying value of investment securities for pledge	$ 105,400,000		$ 111,500,000
Investment securities with fair value less than amortized cost | Security	113		122
OTTI loss recognized through impairment assessment process	$ 0	$ 0
Non-accrual investment securities	$ 827,000		$ 825,000
Trust preferred securities in nonaccrual status | Investment	2
Estimated length of interest payment delays	10 years

Investment Securities (Detail40

Investment Securities (Details 4) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value
Fair Value, Less than 12 Months	$ 118,948	$ 135,804
Fair Value, 12 Months or More	9,062	2,869
Fair Value, Total	128,010	138,673
Unrealized Losses
Unrealized Losses, Less than 12 Months	3,878	4,170
Unrealized Losses, 12 Months or More	1,039	854
Unrealized Losses, Total	4,917	5,024
U.S. Government agencies and corporations
Fair Value
Fair Value, Less than 12 Months	4,818	7,643
Fair Value, Total	4,818	7,643
Unrealized Losses
Unrealized Losses, Less than 12 Months	182	180
Unrealized Losses, Total	182	180
Obligations of states and political subdivisions
Fair Value
Fair Value, Less than 12 Months	40,122	41,668
Fair Value, 12 Months or More	449
Fair Value, Total	40,571	41,668
Unrealized Losses
Unrealized Losses, Less than 12 Months	1,901	2,031
Unrealized Losses, 12 Months or More	8
Unrealized Losses, Total	1,909	2,031
U.S. Government-sponsored mortgage-backed securities
Fair Value
Fair Value, Less than 12 Months	55,549	68,386
Fair Value, 12 Months or More	7,786	2,044
Fair Value, Total	63,335	70,430
Unrealized Losses
Unrealized Losses, Less than 12 Months	1,277	1,487
Unrealized Losses, 12 Months or More	239	59
Unrealized Losses, Total	1,516	1,546
U.S. Government-sponsored collateralized mortgage obligations
Fair Value
Fair Value, Less than 12 Months	7,299	9,350
Fair Value, Total	7,299	9,350
Unrealized Losses
Unrealized Losses, Less than 12 Months	126	155
Unrealized Losses, Total	126	155
U.S. Government-guaranteed small business administration pools
Fair Value
Fair Value, Less than 12 Months	11,160	8,757
Fair Value, Total	11,160	8,757
Unrealized Losses
Unrealized Losses, Less than 12 Months	392	317
Unrealized Losses, Total	392	317
Trust preferred securities
Fair Value
Fair Value, 12 Months or More	827	825
Fair Value, Total	827	825
Unrealized Losses
Unrealized Losses, 12 Months or More	792	795
Unrealized Losses, Total	$ 792	$ 795

Investment Securities (Detail41

Investment Securities (Details 5) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cumulative roll forward of credit losses recognized in earnings for trust preferred securities
Beginning balance, Amount of OTTI related to credit loss	$ 140	$ 140
Additional credit losses on debt securities for which other-than- temporary impairment was previously recognized	0	0
Ending balance, Amount of OTTI related to credit loss	140	140
Trust preferred securities
Cumulative roll forward of credit losses recognized in earnings for trust preferred securities
Beginning balance, Amount of OTTI related to credit loss	140	140
Additional credit losses on debt securities for which other-than- temporary impairment was previously recognized	0	0
Ending balance, Amount of OTTI related to credit loss	$ 140	$ 140

Loans and Allowance for Loan 42

Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Composition of the loan portfolio
Total loans	$ 397,087	$ 419,768
Commercial
Composition of the loan portfolio
Total loans	$ 64,555	$ 96,281
Percentage of loans	16.30%	22.90%
Commercial real estate
Composition of the loan portfolio
Total loans	$ 245,875	$ 238,692
Percentage of loans	61.90%	56.90%
Residential real estate
Composition of the loan portfolio
Total loans	$ 58,976	$ 57,008
Percentage of loans	14.80%	13.60%
Consumer | Home equity
Composition of the loan portfolio
Total loans	$ 24,573	$ 25,061
Percentage of loans	6.20%	6.00%
Consumer | Other
Composition of the loan portfolio
Total loans	$ 3,108	$ 2,726
Percentage of loans	0.80%	0.60%

Loans and Allowance for Loan 43

Loans and Allowance for Loan Losses (Details 1)	3 Months Ended
	Mar. 31, 2017
Factor Considered:
Levels of and trends in charge-offs, classifications and non-accruals	Stable
Trends in volume and terms	Stable
Changes in lending policies and procedures	Stable
Experience, depth and ability of management, including loan review function	Stable
Economic trends, including valuation of underlying collateral	Stable
Concentrations of credit	Stable

Loans and Allowance for Loan 44

Loans and Allowance for Loan Losses (Details 2)	3 Months Ended
	Mar. 31, 2017
Factor Considered:
Levels and trends in classification	Increasing
Declining trends in financial performance	Stable
Structure and lack of performance measures	Stable
Migration between risk categories	Increasing

Loans and Allowance for Loan 45

Loans and Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Analysis of changes in the allowance for loan losses
Balance at beginning of period	$ 4,868	$ 5,194
Loan charge-offs	(137)	(39)
Recoveries	124	25
Net loan recoveries (charge-offs)	(13)	(14)
Balance at end of period	4,855	5,180
Commercial
Analysis of changes in the allowance for loan losses
Balance at beginning of period	1,394	1,977
Recoveries	108
Net loan recoveries (charge-offs)	108
Provision charged to operations	(256)	8
Balance at end of period	1,246	1,985
Commercial real estate
Analysis of changes in the allowance for loan losses
Balance at beginning of period	3,072	2,926
Loan charge-offs	(93)
Recoveries		1
Net loan recoveries (charge-offs)	(93)	1
Provision charged to operations	247	(24)
Balance at end of period	3,226	2,903
Residential real estate
Analysis of changes in the allowance for loan losses
Balance at beginning of period	163	153
Provision charged to operations	(21)	1
Balance at end of period	142	154
Consumer | Home equity
Analysis of changes in the allowance for loan losses
Balance at beginning of period	150	52
Recoveries	2	4
Net loan recoveries (charge-offs)	2	4
Provision charged to operations	(4)	(3)
Balance at end of period	148	53
Consumer | Other
Analysis of changes in the allowance for loan losses
Balance at beginning of period	89	86
Loan charge-offs	(44)	(39)
Recoveries	14	20
Net loan recoveries (charge-offs)	(30)	(19)
Provision charged to operations	34	18
Balance at end of period	$ 93	$ 85

Loans and Allowance for Loan 46

Loans and Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$ 178	$ 178
Collectively evaluated for impairment	4,677	4,690
Total ending allowance balance	4,855	4,868	$ 5,180	$ 5,194
Loan Portfolio:
Individually evaluated for impairment	6,114	6,966
Collectively evaluated for impairment	390,973	412,802
Total ending loans balance	397,087	419,768
Commercial
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	1,246	1,394
Total ending allowance balance	1,246	1,394	1,985	1,977
Loan Portfolio:
Individually evaluated for impairment	93	106
Collectively evaluated for impairment	64,462	96,175
Total ending loans balance	64,555	96,281
Commercial real estate
Ending allowance balance attributable to loans:
Individually evaluated for impairment	178	178
Collectively evaluated for impairment	3,048	2,894
Total ending allowance balance	3,226	3,072	2,903	2,926
Loan Portfolio:
Individually evaluated for impairment	6,021	6,860
Collectively evaluated for impairment	239,854	231,832
Total ending loans balance	245,875	238,692
Residential real estate
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	142	163
Total ending allowance balance	142	163	154	153
Loan Portfolio:
Collectively evaluated for impairment	58,976	57,008
Total ending loans balance	58,976	57,008
Consumer | Home equity
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	148	150
Total ending allowance balance	148	150	53	52
Loan Portfolio:
Collectively evaluated for impairment	24,573	25,061
Total ending loans balance	24,573	25,061
Consumer | Other
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	93	89
Total ending allowance balance	93	89	$ 85	$ 86
Loan Portfolio:
Collectively evaluated for impairment	3,108	2,726
Total ending loans balance	$ 3,108	$ 2,726

Loans and Allowance for Loan 47

Loans and Allowance for Loan Losses (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)Loan	Mar. 31, 2016USD ($)Loan	Dec. 31, 2016USD ($)
Accounts Notes And Loans Receivable [Line Items]
Current Loans	$ 393,996,000		$ 415,407,000
Recoveries	$ 124,000	$ 25,000
Period after which loans considered nonperforming	90 days
Number of loans modified as TDRs | Loan	0	0
Number of loans approved as TDRs, subsequently defaulted | Loan	0	0
60-day or less term commercial loans
Accounts Notes And Loans Receivable [Line Items]
Current Loans			$ 29,700,000
Financing receivables, maturity	First quarter of 2017
Recoveries	$ 108,000

Loans and Allowance for Loan 48

Loans and Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Summary of credit quality indicators by internally assigned grade
Total loans	$ 397,087	$ 419,768
Commercial
Summary of credit quality indicators by internally assigned grade
Total loans	64,555	96,281
Commercial | Pass
Summary of credit quality indicators by internally assigned grade
Total loans	45,817	80,644
Commercial | Special Mention
Summary of credit quality indicators by internally assigned grade
Total loans	15,366	12,836
Commercial | Substandard
Summary of credit quality indicators by internally assigned grade
Total loans	3,372	2,801
Commercial real estate
Summary of credit quality indicators by internally assigned grade
Total loans	245,875	238,692
Commercial real estate | Pass
Summary of credit quality indicators by internally assigned grade
Total loans	210,455	208,337
Commercial real estate | Special Mention
Summary of credit quality indicators by internally assigned grade
Total loans	28,370	22,633
Commercial real estate | Substandard
Summary of credit quality indicators by internally assigned grade
Total loans	$ 7,050	$ 7,722

Loans and Allowance for Loan 49

Loans and Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Summary of consumer credit exposure
Total loans	$ 397,087	$ 419,768
Residential real estate
Summary of consumer credit exposure
Total loans	58,976	57,008
Consumer | Home equity
Summary of consumer credit exposure
Total loans	24,573	25,061
Consumer | Other
Summary of consumer credit exposure
Total loans	3,108	2,726
Performing | Residential real estate
Summary of consumer credit exposure
Total loans	57,719	55,743
Performing | Consumer | Home equity
Summary of consumer credit exposure
Total loans	24,522	25,006
Performing | Consumer | Other
Summary of consumer credit exposure
Total loans	3,108	2,726
Nonperforming | Residential real estate
Summary of consumer credit exposure
Total loans	1,257	1,265
Nonperforming | Consumer | Home equity
Summary of consumer credit exposure
Total loans	$ 51	$ 55

Loans and Allowance for Loan 50

Loans and Allowance for Loan Losses (Details 7) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Summary of classes of loans on non-accrual status
Total	$ 3,065	$ 2,778
Commercial real estate
Summary of classes of loans on non-accrual status
Total	1,757	1,458
Residential real estate
Summary of classes of loans on non-accrual status
Total	1,257	1,265
Consumer | Home equity
Summary of classes of loans on non-accrual status
Total	$ 51	$ 55

Loans and Allowance for Loan 51

Loans and Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Aging analysis of the recorded investment of past due loans
Total Past Due	$ 3,091	$ 4,361
Current	393,996	415,407
Total ending loans balance	397,087	419,768
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	203	1,637
60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	58	138
90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	2,830	2,586
Commercial
Aging analysis of the recorded investment of past due loans
Total Past Due	54	377
Current	64,501	95,904
Total ending loans balance	64,555	96,281
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	54	377
Commercial real estate
Aging analysis of the recorded investment of past due loans
Total Past Due	1,676	2,619
Current	244,199	236,073
Total ending loans balance	245,875	238,692
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	28	1,189
Commercial real estate | 60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due		83
Commercial real estate | 90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	1,648	1,347
Residential real estate
Aging analysis of the recorded investment of past due loans
Total Past Due	1,279	1,251
Current	57,697	55,757
Total ending loans balance	58,976	57,008
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	90	58
Residential real estate | 60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due	58	9
Residential real estate | 90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	1,131	1,184
Consumer | Home equity
Aging analysis of the recorded investment of past due loans
Total Past Due	70	101
Current	24,503	24,960
Total ending loans balance	24,573	25,061
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	19
Consumer | Home equity | 60-89 Days Past Due
Aging analysis of the recorded investment of past due loans
Total Past Due		46
Consumer | Home equity | 90 Days Or Greater
Aging analysis of the recorded investment of past due loans
Total Past Due	51	55
Consumer | Other
Aging analysis of the recorded investment of past due loans
Total Past Due	12	13
Current	3,096	2,713
Total ending loans balance	3,108	2,726
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	$ 12	$ 13

Loans and Allowance for Loan 52

Loans and Allowance for Loan Losses (Details 9) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Commercial
Loans evaluated for impairment by loan segment
Recorded Investment, With no related allowance recorded	$ 93		$ 106
Recorded Investment, Total	93		106
Unpaid Principal Balance, with no related allowance	93		106
Unpaid Principal Balance, Total	93		106
Average Recorded Investment, with no related allowance recorded	97	$ 223
Average Recorded Investment, with related allowance recorded		1,113
Average Recorded Investment, Total	97	1,336
Interest Income Recognized, with no related allowance	2	3
Interest Income Recognized, Total	2	3
Commercial real estate
Loans evaluated for impairment by loan segment
Recorded Investment, With no related allowance recorded	5,547		5,681
Recorded Investment, With related allowance recorded	474		1,179
Recorded Investment, Total	6,021		6,860
Unpaid Principal Balance, with no related allowance	5,748		5,789
Unpaid Principal Balance, with related allowance	474		1,179
Unpaid Principal Balance, Total	6,222		6,968
Related Allowance, with related allowance	178		178
Related Allowance, Total	178		$ 178
Average Recorded Investment, with no related allowance recorded	5,603	7,183
Average Recorded Investment, with related allowance recorded	941	1,233
Average Recorded Investment, Total	6,544	8,416
Interest Income Recognized, with no related allowance	74	83
Interest Income Recognized, with related allowance	6	24
Interest Income Recognized, Total	$ 80	$ 107

Earnings Per Share and Capita53

Earnings Per Share and Capital Transactions (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Computation of basic earnings per common share
Net income	$ 1,000	$ 1,362
Weighted average common shares outstanding	4,406,646	4,404,783
Net effect of dilutive common share equivalents	4,528
Adjusted average shares outstanding-dilutive	4,411,174	4,404,783
Basic earnings per share	$ 0.23	$ 0.31
Diluted earnings per share	$ 0.23	$ 0.31

Subordinated Debt (Details Text

Subordinated Debt (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2007	Mar. 31, 2017	Dec. 31, 2016
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		2.58%	2.41%

Commitments (Details)

Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Commitments to extend credit:
Fixed rate	$ 29,701	$ 18,709
Variable rate	49,441	57,176
Standby letters of credit	$ 3,512	$ 412

Commitments (Details 1)

Commitments (Details 1) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Summary of overdraft protection
Overdraft protection available on depositors' accounts	$ 9,682	$ 9,655
Balance of overdrafts included in loans	63	80
Average daily balance of overdrafts	$ 122	$ 105
Average daily balance of overdrafts as a percentage of available	1.26%	1.09%

Commitments (Details Textual)

Commitments (Details Textual) - Third party interest rate swap $ in Millions	Mar. 31, 2017USD ($)Security	Dec. 31, 2016USD ($)Security
Commitments [Line Items]
Security pledged for collateral | $	$ 1.6	$ 1.7
U.S. Government-sponsored mortgage-backed securities
Commitments [Line Items]
Number of security owned and pledged as collateral | Security	1	1

Commitments (Details 2)

Commitments (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Customer interest rate swap, Maturing in 2020
Derivative [Line Items]
Maturity	2,020
Notional Amount	$ 2,571,000	$ 2,594,000
Interest Rate Paid	1 Mo. Libor + Margin
Interest Rate Received	Fixed
Fair Value	$ 5,000	15,000
Customer interest rate swap, Maturing in 2025
Derivative [Line Items]
Maturity	2,025
Notional Amount	$ 5,546,000	5,630,000
Interest Rate Paid	1 Mo. Libor + Margin
Interest Rate Received	Fixed
Fair Value	$ 74,000	101,000
Customer interest rate swap, Maturing in 2026
Derivative [Line Items]
Maturity	2,026
Notional Amount	$ 2,150,000	2,178,000
Interest Rate Paid	1 Mo. Libor + Margin
Interest Rate Received	Fixed
Fair Value	$ (37,000)	(29,000)
Customer interest rate swap, Maturing in 2027
Derivative [Line Items]
Maturity	2,027
Notional Amount	$ 9,450,000	6,150,000
Interest Rate Paid	1 Mo. Libor + Margin
Interest Rate Received	Fixed
Fair Value	$ 218,000	210,000
Customer interest rate swap
Derivative [Line Items]
Notional Amount	19,717,000	16,552,000
Fair Value	$ 260,000	297,000
Third party interest rate swap, Maturing in 2020
Derivative [Line Items]
Maturity	2,020
Notional Amount	$ 2,571,000	2,594,000
Interest Rate Paid	Fixed
Interest Rate Received	1 Mo. Libor + Margin
Fair Value	$ (5,000)	(15,000)
Third party interest rate swap, Maturing in 2025
Derivative [Line Items]
Maturity	2,025
Notional Amount	$ 5,546,000	5,630,000
Interest Rate Paid	Fixed
Interest Rate Received	1 Mo. Libor + Margin
Fair Value	$ (74,000)	(101,000)
Third party interest rate swap, Maturing in 2026
Derivative [Line Items]
Maturity	2,026
Notional Amount	$ 2,150,000	2,178,000
Interest Rate Paid	Fixed
Interest Rate Received	1 Mo. Libor + Margin
Fair Value	$ 37,000	29,000
Third party interest rate swap
Derivative [Line Items]
Notional Amount	19,717,000	16,552,000
Fair Value	$ (260,000)	(297,000)
Third party interest rate swap, Maturing in 2027
Derivative [Line Items]
Maturity	2,027
Notional Amount	$ 9,450,000	6,150,000
Interest Rate Paid	Fixed
Interest Rate Received	1 Mo. Libor + Margin
Fair Value	$ (218,000)	$ (210,000)

Commitments (Details 3)

Commitments (Details 3) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivatives Fair Value [Line Items]
Assets, Fair Value	$ 260	$ 297
Liabilities, Fair Value	260	297
Other assets
Derivatives Fair Value [Line Items]
Assets, Fair Value	260	297
Other liabilities
Derivatives Fair Value [Line Items]
Liabilities, Fair Value	$ 260	$ 297

Fair Value of Assets and Liab60

Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Total debt securities, Fair Value	$ 165,099	$ 179,219
Regulatory stock	2,581	2,581
Loans held for sale	2,436	4,554
Interest rate derivatives	260	297
LIABILITIES
Interest rate derivatives	260	297
Trust preferred securities
ASSETS
Total debt securities, Fair Value	827	825
Level 1
ASSETS
Total debt securities, Fair Value	2,581	2,581
Regulatory stock	2,581	2,581
Loans held for sale	2,436	4,554
Level 2
ASSETS
Total debt securities, Fair Value	161,691	175,813
Interest rate derivatives	260	297
LIABILITIES
Interest rate derivatives	260	297
Level 3
ASSETS
Total debt securities, Fair Value	827	825
Level 3 | Trust preferred securities
ASSETS
Total debt securities, Fair Value	827	825
U.S. Government agencies and corporations
ASSETS
Total debt securities, Fair Value	8,013	7,988
U.S. Government agencies and corporations | Level 2
ASSETS
Total debt securities, Fair Value	8,013	7,988
Obligations of states and political subdivisions
ASSETS
Total debt securities, Fair Value	62,398	66,770
Obligations of states and political subdivisions | Level 2
ASSETS
Total debt securities, Fair Value	62,398	66,770
U.S. Government-sponsored mortgage-backed securities
ASSETS
Total debt securities, Fair Value	72,821	79,767
U.S. Government-sponsored mortgage-backed securities | Level 2
ASSETS
Total debt securities, Fair Value	72,821	79,767
U.S. Government-sponsored collateralized mortgage obligations
ASSETS
Total debt securities, Fair Value	7,299	9,349
U.S. Government-sponsored collateralized mortgage obligations | Level 2
ASSETS
Total debt securities, Fair Value	7,299	9,349
U.S. Government-guaranteed small business administration pools
ASSETS
Total debt securities, Fair Value	11,160	11,939
U.S. Government-guaranteed small business administration pools | Level 2
ASSETS
Total debt securities, Fair Value	$ 11,160	$ 11,939

Fair Value of Assets and Liab61

Fair Value of Assets and Liabilities (Details 1) - Trust preferred securities - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Changes in the Level 3 fair value category
Beginning balance	$ 825	$ 778
Net realized/unrealized losses included in:
Other comprehensive income (loss)	3	(48)
Purchases, issuance, and settlements	(1)	(4)
Ending balance	$ 827	$ 726

Fair Value of Assets and Liab62

Fair Value of Assets and Liabilities (Details 2) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)Security	Mar. 31, 2016USD ($)Security	Dec. 31, 2016USD ($)Security	Dec. 31, 2015USD ($)
Breakdown of trust preferred securities
Number considered OTTI | Security	1	1
Life-to-date impairment recognized in earnings	$ 140	$ 140	$ 140	$ 140
Trust preferred securities
Breakdown of trust preferred securities
Total number of trust preferred securities | Security	2		2
Par value, trust preferred securities	$ 1,969		$ 1,970
Number not considered OTTI | Security	1		1
Par value, trust preferred securities not considered OTTI	$ 933		$ 940
Number considered OTTI | Security	1		1
Par value, trust preferred securities considered OTTI	$ 1,036		$ 1,030
Life-to-date impairment recognized in earnings	140	$ 140	140	$ 140
Life-to-date impairment recognized in other comprehensive income	792		795
Total life-to-date impairment	$ 932		$ 935

Fair Value of Assets and Liab63

Fair Value of Assets and Liabilities (Details Textual) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)Security	Mar. 31, 2016Security	Dec. 31, 2016Security
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of debt securities with other-than-temporary impairment | Security	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	9.60%
Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	15.21%
PreTSL XXIII
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	15.21%
Securities maturity date	2036-12
Securities Nonperforming Collateral Amount	$ 229
Securities Performing Collateral Amount	852
Estimated cash flows	43.7
Current principal value	$ 26.1
Trapeza IX
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	9.60%
Securities maturity date	2038-01
Securities Nonperforming Collateral Amount	$ 31
Securities Performing Collateral Amount	212.7
Estimated cash flows	42.8
Current principal value	$ 23.8
Trust preferred securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of debt securities with other-than-temporary impairment | Security	1		1
Period frequency of projected prepayment rate	1 year
Projected Prepayments, minimum fixed rate coupons	8.00%
Projected Prepayments, percentage of fair value input for banks	1.00%
Projected prepayment, percentage of fair value for collateral by REITs	0.00%
Projected prepayment, percentage of fair value for collateral for insurance companies	2.00%
Annually projected defaults percentage for healthy banks	2.00%
Period frequency of projected default rate	2 years
Projected defaults rate for healthy banks	0.36%
Projected Recoveries, percentage for insurance companies, REITs and insolvent banks	0.00%
Projected recovery, percentage for projected bank deferrals	10.00%
Projected Bank Deferrals lagged	2 years
Trust preferred securities | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	9.60%		9.69%
Trust preferred securities | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value input discount rate	15.21%		15.11%

Fair Value of Assets and Liab64

Fair Value of Assets and Liabilities (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Losses recognized in earnings for trust preferred securities held
Beginning balance, Amount of OTTI related to credit loss	$ 140	$ 140
Additions in QTD	0	0
Ending balance, Amount of OTTI related to credit loss	140	140
Trapeza IX B-1 | Moodys Caa2 Rating | Fitch C C Rating
Losses recognized in earnings for trust preferred securities held
Beginning balance, Amount of OTTI related to credit loss	140	140
Additions in QTD	0	0
Ending balance, Amount of OTTI related to credit loss	$ 140	$ 140

Fair Value of Assets and Liab65

Fair Value of Assets and Liabilities (Details 4) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)Issurers_Currently_Performing	Dec. 31, 2016USD ($)Issurers_Currently_Performing
Additional information related to the Company's trust preferred securities
Available-for-sale Securities, Amortized Cost	$ 169,501	$ 183,625
Total debt securities, Fair Value	$ 165,099	$ 179,219
PreTSL XXIII | Moodys B2 Rating | Fitch C C C Rating
Additional information related to the Company's trust preferred securities
Class	C2	C2
Available-for-sale Securities, Amortized Cost	$ 759	$ 760
Total debt securities, Fair Value	309	310
Unrealized Gain/(Loss)	$ (450)	$ (450)
Number of Issuers Currently Performing | Issurers_Currently_Performing	90	90
Deferrals and Defaults as a % of Current Collateral	22.50%	22.50%
Excess Subordination as a % of Current Performing Collateral	5.48%	5.33%
Trapeza IX | Moodys Caa2 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	518	515
Unrealized Gain/(Loss)	$ (342)	$ (345)
Number of Issuers Currently Performing | Issurers_Currently_Performing	32	32
Deferrals and Defaults as a % of Current Collateral	13.30%	13.30%
Trust preferred securities
Additional information related to the Company's trust preferred securities
Available-for-sale Securities, Amortized Cost	$ 1,619	$ 1,620
Total debt securities, Fair Value	827	825
Unrealized Gain/(Loss)	$ (792)	$ (795)

Fair Value of Assets and Liab66

Fair Value of Assets and Liabilities (Details 5) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets measured on a nonrecurring basis:
Impaired loans	$ 5,936	$ 6,788
Other real estate owned	480
Level 3
Assets measured on a nonrecurring basis:
Impaired loans	5,936	$ 6,788
Other real estate owned	$ 480

Fair Value of Assets and Liab67

Fair Value of Assets and Liabilities (Details 6) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents, carrying value	$ 15,930	$ 15,351	$ 12,770	$ 18,496
Investment securities available-for-sale, carrying value	165,099	179,219
Loans held for sale	2,436	4,554
Loans, net of allowance for loan losses, carrying value	392,232	414,900
Bank-owned life insurance	17,451	17,376
Accrued interest receivable, carrying value	2,010	2,041
Interest rate derivatives, carrying value	260	297
LIABILITIES
Demand, savings and money market deposits, carrying value	384,742	408,983
Time deposits, carrying value	132,610	130,867
Short-term borrowings	2,281	2,702
Federal Home Loan Bank advances - short term	11,000	23,000
Federal Home Loan Bank advances - long term	17,000	17,500
Subordinated debt, carrying value	5,155	5,155
Accrued interest payable, carrying value	296	288
Interest rate derivatives, carrying value	260	297
ASSETS:
Cash and cash equivalents, fair value	15,930	15,351
Available-for-sale securities, Fair Value	165,099	179,219
Loans held for sale, fair value	2,436	4,554
Loans, net of allowance for loan losses, fair value	395,299	418,532
Bank-owned life insurance, fair value	17,451	17,376
Accrued interest receivable, fair value	2,010	2,041
Interest rate derivatives, fair value	260	297
LIABILITIES:
Demand, savings and money market deposits, fair value	384,742	408,983
Time deposits, fair value	134,442	133,108
Short-term borrowings, fair value	2,281	2,702
Federal Home Loan Bank advances - short term, fair value	10,991	22,998
Federal Home Loan Bank advances - long term, fair value	17,023	17,580
Subordinated debt, fair value	4,504	4,363
Accrued interest payable, fair value	296	288
Interest rate derivatives, fair value	260	297
Level 1
ASSETS
Loans held for sale	2,436	4,554
ASSETS:
Cash and cash equivalents, fair value	15,930	15,351
Available-for-sale securities, Fair Value	2,581	2,581
Loans held for sale, fair value	2,436	4,554
Bank-owned life insurance, fair value	17,451	17,376
Accrued interest receivable, fair value	2,010	2,041
LIABILITIES:
Demand, savings and money market deposits, fair value	384,742	408,983
Short-term borrowings, fair value	2,281	2,702
Federal Home Loan Bank advances - short term, fair value	3,000	17,000
Accrued interest payable, fair value	296	288
Level 2
ASSETS:
Available-for-sale securities, Fair Value	161,691	175,813
Interest rate derivatives, fair value	260	297
LIABILITIES:
Interest rate derivatives, fair value	260	297
Level 3
ASSETS:
Available-for-sale securities, Fair Value	827	825
Loans, net of allowance for loan losses, fair value	395,299	418,532
LIABILITIES:
Time deposits, fair value	134,442	133,108
Federal Home Loan Bank advances - short term, fair value	7,991	5,998
Federal Home Loan Bank advances - long term, fair value	17,023	17,580
Subordinated debt, fair value	$ 4,504	$ 4,363

Fair Value of Assets and Liab68

Fair Value of Assets and Liabilities (Details 7) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Total debt securities, Fair Value	$ 165,099	$ 179,219
Minimum
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Fair value input discount rate	9.60%
Maximum
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Fair value input discount rate	15.21%
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	$ 827	$ 825
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	9.60%	9.69%
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	15.21%	15.11%
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	$ 827	$ 825
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	50.00%	50.00%
Liquidation Expenses	48.00%	48.00%
Impaired Loans | Weighted average
Significant unobservable inputs for assets and liabilities measured at fair value on a recurring and nonrecurring basis
Appraisal Adjustments	28.00%	29.00%
Liquidation Expenses	5.00%	5.00%
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	$ 5,936	$ 6,788
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%
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	$ 480

Accumulated Other Comprehensi69

Accumulated Other Comprehensive Income (loss) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance		$ 57,670	$ 56,684
Total other comprehensive (loss) income		(1)	533
Ending balance		58,054	58,270
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	[1]	(2,909)	(147)
Other comprehensive income (loss) before reclassification	[1]	10	756
Amount reclassified from accumulated other comprehensive income (loss)	[1]	(6)	(236)
Total other comprehensive (loss) income	[1]	4	520
Ending balance	[1]	(2,905)	373
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning balance	[1]	(52)	(91)
Other comprehensive income (loss) before reclassification	[1]	(5)	13
Total other comprehensive (loss) income	[1]	(5)	13
Ending balance	[1]	$ (57)	$ (78)
[1]	All amounts are net of tax. Amounts in parentheses indicate debits.

Accumulated Other Comprehensi70

Accumulated Other Comprehensive Income (loss) (Details 1) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Unrealized gains on available-for-sale securities
Federal income tax expense		$ (190)	$ (262)
NET INCOME		1,000	1,362
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Accumulated Net Unrealized Investment Gain (Loss)
Unrealized gains on available-for-sale securities
Investment securities available-for-sale gains, net	[1]	9	358
Federal income tax expense	[1]	(3)	(122)
NET INCOME	[1]	$ 6	$ 236
[1]	Amounts in parentheses indicate debits to net income.

Post-Retirement Obligations (De

Post-Retirement Obligations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Compensation And Retirement Disclosure [Abstract]
Beginning balance	$ 840	$ 856
Expense recorded	13	6
Other comprehensive income (loss) recorded	5	(13)
Ending balance	$ 858	$ 849

Stock Repurchase Program (Detai

Stock Repurchase Program (Details Textual) - USD ($)	Jan. 24, 2017	Jan. 26, 2016	Mar. 31, 2017	Dec. 31, 2016
Equity Class Of Treasury Stock [Line Items]
Common stock, shares outstanding			4,434,887	4,420,255
Stock Repurchase Program on January 26, 2016
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
Stock repurchase program expiration date			Dec. 31, 2016
Stock repurchase program, shares repurchased				0
Stock Repurchase Program on January 26, 2016 | Maximum
Equity Class Of Treasury Stock [Line Items]
Shares authorized to be repurchased		100,000
Stock Repurchase Program on January 24, 2017
Equity Class Of Treasury Stock [Line Items]
Percentage of shares authorized to be repurchased to common stock outstanding	2.30%
Common stock, shares outstanding	4,420,055
Stock repurchase program, authorized amount			$ 1,900,000
Stock repurchase program expiration date			Dec. 31, 2017
Stock repurchase program, shares repurchased			0
Stock Repurchase Program on January 24, 2017 | Maximum
Equity Class Of Treasury Stock [Line Items]
Shares authorized to be repurchased	100,000

Short-Term Borrowings (Details)

Short-Term Borrowings (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Short Term Debt [Line Items]
Short-term borrowings	$ 2,281	$ 2,702
Repurchase Agreements
Short Term Debt [Line Items]
Total collateral carrying value	2,755	2,898
Repurchase Agreements | U.S. Government-sponsored mortgage-backed securities
Short Term Debt [Line Items]
Total collateral carrying value	$ 2,755	$ 2,898

Equity Compensation (Details Te

Equity Compensation (Details Textual) - USD ($)	1 Months Ended		3 Months Ended
	Mar. 31, 2017	Apr. 30, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares granted under the plan			14,632
Shares granted under the plan immediately vested			1,656
Omnibus Equity Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized	340,000		340,000
Equity compensation expense recorded			$ 18,000	$ 0
Unrecognized compensation expense	$ 380,000		$ 380,000		$ 161,000
Unrecognized compensation expense, expected to be recognized			36 months
Shares awarded under the plan, vesting description			Shares awarded under this plan vest in equal thirds on the first three anniversaries of the award date if the employee remains employed with Cortland Bancorp.
Omnibus Equity Plan | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares granted under the plan	12,976	13,683
Director Equity Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Equity compensation expense recorded			$ 30,000	$ 0
Shares granted under the plan immediately vested	1,656	1,789
Director Equity Plan | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized	113,000		113,000

Equity Compensation (Details)

Equity Compensation (Details) - Restricted Stock Units	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Nonvested, beginning balance | shares	13,683
Units, Granted | shares	14,632
Units, Vested | shares	1,656
Units, Nonvested, ending balance | shares	26,659
Price at Grant Date, Nonvested, beginning balance | $ / shares	$ 15.25
Price at Grant Date, Granted | $ / shares	18.25
Price at Grant Date, Vested | $ / shares	18.25
Price at Grant Date, Nonvested, ending balance | $ / shares	$ 16.71

Extinguishment of Debt (Details

Extinguishment of Debt (Details Textual)	1 Months Ended	3 Months Ended
	Jan. 31, 2016USD ($)Advance$ / shares	Mar. 31, 2016USD ($)
Extinguishment Of Debt [Line Items]
Prepayment penalties before tax		$ (242,000)
Federal Home Loan Bank Advances
Extinguishment Of Debt [Line Items]
Number of federal home loan bank advances paid off | Advance	2
Extinguishment of debt, amount	$ 4,500,000
Average interest rate during the year	4.01%
Prepayment penalties before tax	$ 242,000
Prepayment penalties after tax	$ 160,000
Extinguishment of debt effect on earnings per share | $ / shares	$ (0.04)
Debt instrument alternative wholesale borrowing rate	1.44%
Estimated annual interest expense savings	$ 130,000