Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Nov. 06, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | NATIONAL BANKSHARES INC | |
Entity Central Index Key | 796,534 | |
Trading Symbol | nksh | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 6,957,974 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 12,066 | $ 13,974 |
Interest-bearing deposits | 58,260 | 80,268 |
Securities available for sale, at fair value | 309,323 | 304,282 |
Securities held to maturity (fair value of $133,859 at September 30, 2017 and $137,692 at December 31, 2016) | 129,750 | 134,957 |
Restricted stock, at cost | 1,200 | 1,170 |
Loans held for sale | 505 | 478 |
Loans: | ||
Loans, net of unearned income and deferred fees and costs | 660,362 | 647,752 |
Less allowance for loan losses | (8,473) | (8,300) |
Loans, net | 651,889 | 639,452 |
Premises and equipment, net | 8,458 | 8,853 |
Accrued interest receivable | 5,123 | 5,260 |
Other real estate owned, net | 2,923 | 3,156 |
Intangible assets and goodwill | 5,911 | 5,966 |
Bank-owned life insurance | 33,520 | 22,998 |
Other assets | 13,555 | 13,128 |
Total assets | 1,232,483 | 1,233,942 |
Liabilities and Stockholders' Equity | ||
Noninterest-bearing demand deposits | 184,483 | 171,946 |
Interest-bearing demand deposits | 588,447 | 604,093 |
Savings deposits | 140,324 | 136,789 |
Time deposits | 118,719 | 130,614 |
Total deposits | 1,031,973 | 1,043,442 |
Accrued interest payable | 51 | 55 |
Other liabilities | 12,798 | 12,182 |
Total liabilities | 1,044,822 | 1,055,679 |
Commitments and contingencies | ||
Stockholders' Equity | ||
Preferred stock, no par value, 5,000,000 shares authorized; none issued and outstanding | ||
Common stock of $1.25 par value. Authorized 10,000,000 shares; issued and outstanding 6,957,974 shares at September 30, 2017 and at December 31, 2016 | 8,698 | 8,698 |
Retained earnings | 185,331 | 178,224 |
Accumulated other comprehensive loss, net | (6,368) | (8,659) |
Total stockholders' equity | 187,661 | 178,263 |
Total liabilities and stockholders' equity | $ 1,232,483 | $ 1,233,942 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities held to maturity, fair value | $ 133,859 | $ 137,692 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 1.25 | $ 1.25 |
Common stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in shares) | 6,957,974 | 6,957,974 |
Common stock, shares outstanding (in shares) | 6,957,974 | 6,957,974 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Interest Income | ||||
Interest and fees on loans | $ 7,473 | $ 7,409 | $ 22,379 | $ 22,032 |
Interest on interest-bearing deposits | 224 | 97 | 603 | 409 |
Interest on securities – taxable | 1,426 | 1,381 | 4,225 | 4,625 |
Interest on securities – nontaxable | 1,178 | 1,270 | 3,627 | 3,867 |
Total interest income | 10,301 | 10,157 | 30,834 | 30,933 |
Interest Expense | ||||
Interest on time deposits | 130 | 172 | 410 | 547 |
Interest on other deposits | 891 | 847 | 2,687 | 2,603 |
Total interest expense | 1,021 | 1,019 | 3,097 | 3,150 |
Net interest income | 9,280 | 9,138 | 27,737 | 27,783 |
Provision for loan losses | 201 | 291 | 724 | 1,148 |
Net interest income after provision for loan losses | 9,079 | 8,847 | 27,013 | 26,635 |
Noninterest Income | ||||
Service charges on deposit accounts | 710 | 649 | 2,067 | 1,778 |
Other service charges and fees | 41 | 47 | 151 | 165 |
Credit and debit card fees | 1,030 | 963 | 2,947 | 2,802 |
Trust income | 365 | 330 | 1,127 | 1,007 |
BOLI income | 233 | 149 | 522 | 447 |
Other income | 215 | 242 | 735 | 1,042 |
Realized securities gain, net | 4 | 101 | 8 | 199 |
Total noninterest income | 2,598 | 2,481 | 7,557 | 7,440 |
Noninterest Expense | ||||
Salaries and employee benefits | 3,496 | 3,239 | 10,477 | 9,714 |
Occupancy and furniture and fixtures | 459 | 463 | 1,366 | 1,388 |
Data processing and ATM | 563 | 624 | 1,669 | 1,630 |
FDIC assessment | 93 | 135 | 279 | 421 |
Credit and debit card processing | 716 | 715 | 2,096 | 2,049 |
Intangible assets amortization | 13 | 40 | 56 | 218 |
Net costs of other real estate owned | 58 | 71 | 142 | 179 |
Franchise taxes | 332 | 321 | 983 | 974 |
Other operating expenses | 1,015 | 1,012 | 3,312 | 2,969 |
Total noninterest expense | 6,745 | 6,620 | 20,380 | 19,542 |
Income before income taxes | 4,932 | 4,708 | 14,190 | 14,533 |
Income tax expense | 1,147 | 880 | 3,186 | 3,061 |
Net Income | $ 3,785 | $ 3,828 | $ 11,004 | $ 11,472 |
Basic net income per common share (in dollars per share) | $ 0.54 | $ 0.55 | $ 1.58 | $ 1.65 |
Fully diluted net income per common share (in dollars per share) | $ 0.54 | $ 0.55 | $ 1.58 | $ 1.65 |
Weighted average number of common shares outstanding – basic and diluted (in shares) | 6,957,974 | 6,957,974 | 6,957,974 | 6,957,974 |
Dividends declared per common share (in dollars per share) | $ 0.56 | $ 0.55 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net income | $ 3,785 | $ 3,828 | $ 11,004 | $ 11,472 |
Unrealized holding gain on available for sale securities, net of tax | (407) | 453 | 2,294 | 4,484 |
Reclassification adjustment for gain included in net income, net of tax | (3) | (66) | (3) | (99) |
Other comprehensive income (loss), net of tax | (410) | 387 | 2,291 | 4,385 |
Total Comprehensive Income | $ 3,375 | $ 4,215 | $ 13,295 | $ 15,857 |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Unrealized holding gain (loss) on available for sale securities, tax | $ (219,000) | $ 244,000 | $ 1,235,000 | $ 2,415,000 |
Reclassification adjustment for gain included in net income, tax | (1) | (35) | (1,000) | (54,000) |
Other comprehensive income (loss), tax | $ (220,000) | $ 209,000 | $ 1,234,000 | $ 2,361,000 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances at Dec. 31, 2015 | $ 8,698 | $ 171,353 | $ (7,937) | $ 172,114 |
Net income | 11,472 | 11,472 | ||
Dividends | (3,827) | (3,827) | ||
Other comprehensive income (loss), net of tax | 4,385 | 4,385 | ||
Balances at Sep. 30, 2016 | 8,698 | 178,998 | (3,552) | 184,144 |
Balances at Dec. 31, 2016 | 8,698 | 178,224 | (8,659) | 178,263 |
Net income | 11,004 | 11,004 | ||
Dividends | (3,897) | (3,897) | ||
Other comprehensive income (loss), net of tax | 2,291 | 2,291 | ||
Balances at Sep. 30, 2017 | $ 8,698 | $ 185,331 | $ (6,368) | $ 187,661 |
Consolidated Statements of Cha8
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Retained Earnings [Member] | ||
Dividends, per share (in dollars per share) | $ 0.56 | $ 0.55 |
AOCI Attributable to Parent [Member] | ||
Other comprehensive income (loss), tax | $ 1,234,000 | $ 2,361,000 |
Dividends, per share (in dollars per share) | $ 0.56 | $ 0.55 |
Other comprehensive income (loss), tax | $ 1,234,000 | $ 2,361,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash Flows from Operating Activities | ||
Net income | $ 11,004 | $ 11,472 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 724 | 1,148 |
Depreciation of bank premises and equipment | 601 | 596 |
Amortization of intangibles | 56 | 218 |
Amortization of premiums and accretion of discounts, net | 44 | 70 |
Gain on sales and calls of securities available for sale, net | (4) | (153) |
Gain on calls of securities held to maturity, net | (4) | (46) |
Loss and write-down on other real estate owned, net | 79 | 101 |
Increase in cash value of bank-owned life insurance | (522) | (447) |
Originations of mortgage loans held for sale | (9,666) | (11,215) |
Proceeds from sale of mortgage loans held for sale | 9,777 | 11,609 |
Gain on sale of mortgage loans held for sale | (138) | (194) |
Net change in: | ||
Accrued interest receivable | 137 | 631 |
Other assets | (1,661) | (701) |
Accrued interest payable | (4) | (8) |
Other liabilities | 616 | 271 |
Net cash provided by operating activities | 11,039 | 13,352 |
Cash Flows from Investing Activities | ||
Net change in interest-bearing deposits | 22,008 | 50,641 |
Proceeds from calls, principal payments, sales and maturities of securities available for sale | 10,589 | 205,110 |
Proceeds from calls, principal payments and maturities of securities held to maturity | 6,466 | 13,941 |
Purchases of securities available for sale | (12,081) | (253,341) |
Purchases of securities held to maturity | (1,319) | |
Net change in restricted stock | (30) | (41) |
Purchase of BOLI | (10,000) | |
Purchases of loan participations | (1,296) | (3,115) |
Collections of loan participations | 751 | 791 |
Loan originations and principal collections, net | (12,851) | (16,176) |
Proceeds from sales of other real estate owned | 251 | 876 |
Recoveries on loans charged off | 138 | 123 |
Proceeds from sale and purchases of premises and equipment, net | (207) | (333) |
Net cash provided by (used in) investing activities | 2,419 | (1,524) |
Cash Flows from Financing Activities | ||
Net change in time deposits | (11,895) | (16,594) |
Net change in other deposits | 426 | 7,743 |
Cash dividends paid | (3,897) | (3,827) |
Net cash used in financing activities | (15,366) | (12,678) |
Net change in cash and due from banks | (1,908) | (850) |
Cash and due from banks at beginning of period | 13,974 | 12,152 |
Cash and due from banks at end of period | 12,066 | 11,302 |
Supplemental Disclosures of Cash Flow Information | ||
Interest paid on deposits and borrowed funds | 3,101 | 3,158 |
Income taxes paid | 2,872 | 2,780 |
Supplemental Disclosure of Noncash Activities | ||
Loans charged against the allowance for loan losses | 689 | 1,267 |
Loans transferred to other real estate owned | 97 | |
Unrealized net gain on securities available for sale | $ 3,525 | $ 6,746 |
Note 1 - General
Note 1 - General | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1 : General The consolidated financial statements of National Bankshares, Inc. ( “NBI”) and its wholly-owned subsidiaries, The National Bank of Blacksburg (“NBB”) and National Bankshares Financial Services, Inc. (“NBFS”) (collectively, the “Company”), conform to accounting principles generally accepted in the United States of America and to general practices within the banking industry. The accompanying interim period consolidated financial statements are unaudited; however, in the opinion of management, all adjustments consisting of normal recurring adjustments, which are necessary for a fair presentation of the consolidated financial statements, have been included. The results of operations for the nine September 30, 2017 not 10 2016 10 1934 www.nationalbankshares.com |
Note 2 - Loan Portfolio
Note 2 - Loan Portfolio | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 2 : Loan Portfolio The loan portfolio, excluding loans held for sale, was comprised of the following. September 30, 2017 December 31, 201 6 Real estate construction $ 32,226 $ 36,345 Consumer real estate 166,391 157,718 Commercial real estate 337,229 336,457 Commercial non real estate 43,055 39,024 Public sector and IDA 48,391 45,474 Consumer non real estate 33,699 33,528 Gross loans 660,991 648,546 Less unearned income and deferred fees and costs (629 ) (794 ) Loans, net of unearned income and deferred fees and costs $ 660,362 $ 647,752 |
Note 3 - Allowance for Loan Los
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Allowance for Credit Losses [Text Block] | Note 3 : Allowance for Loan Losses, Nonperforming Assets and Impaired Loans The allowance for loan losses methodology incorporates individual evaluation of impaired loans and collective evaluation of groups of non-impaired loans. The Company performs ongoing analysis of the loan portfolio to determine credit quality and to identify impaired loans. Credit quality is rated based on the loan’s payment history, the borrower’s current financial situation and value of the underlying collateral. Impaired Loans Impaired loans are those loans that have been modified in a troubled debt restructure (“TDR” or “restructure”) and larger, non-homogeneous loans that are in nonaccrual or exhibit payment history or financial status that suggests that collection will probably not not six may 1 2016 10 Troubled debt restructures impact the estimation of the appropriate level of the allowance for loan losses. If the restructuring included forgiveness of a portion of principal or accrued interest, the charge-off is included in the historical charge-off rates applied to the collective evaluation methodology. Restructured loans are individually evaluated for impairment and the amount of a restructured loan’s book value in excess of its fair value is accrued as a specific allocation in the allowance for loan losses. TDRs that experience a payment default are examined to determine whether the default indicates collateral dependency or cash flows below those that were used in the fair value measurement. TDRs, as well as all impaired loans, that are determined to be collateral dependent are charged down to fair value. Deficiencies indicated by impairment measurements for TDRs that are not may Collectively-Evaluated Loans The Company evaluated characteristics in the loan portfolio and determined major segments and smaller classes within each segment. These characteristics include collateral type, repayment sources, and (if applicable) the borrower’s business model. The methodology for calculating reserves for collectively-evaluated loans is applied at the class level. Portfolio Segments and Classes The segments and classes used in determining the allowance for loan losses are as follows. Real Estate Construction Construction, residential Construction, other Consumer Real Estate Equity lines Residential closed-end first Residential closed-end junior liens Investor-owned residential real estate Commercial Real Estate Multifamily real estate Commercial real estate, owner-occupied Commercial real estate, other Commercial Non Real Estate Commercial and industrial Public Sector and IDA Public sector and IDA Consumer Non Real Estate Credit cards Automobile Other consumer loans Historical Loss Rates The Company applies historical charge-off rates on the class level. Class loss rates are calculated as the net charge-offs for the class as a percentage of average class balance. The Company averages loss rates for the most recent 8 T wo loss rates for each class are calculated: total net charge-offs for the class as a percentage of average class loan balance (“class loss rate”), and total net charge-offs for the class as a percentage of average classified loans in the class (“classified loss rate”). Classified loans are those with risk ratings of “substandard” or lower. Net charge-offs in both calculations include charge-offs and recoveries of classified and non-classified loans as well as those associated with impaired loans. Class historical loss rates are applied to non-classified loan balances at the reporting date, and classified historical loss rates are applied to classified balances at the reporting date. Risk Factors In addition to historical loss rates, the Company analyzes factors pertinent to credit risk for each class to estimate reserves for collectively-evaluated loans. Factors include changes in national and local economic and business conditions, the nature and volume of classes within the portfolio, loan quality, loan officers’ experience, lending policies and the Company’s loan review system. The analysis of certain factors results in standard allocations to all segments and classes. These factors include the risk from changes in lending policies, loan officers’ average years of experience, the risk from changes in loan review, unemployment levels, bankruptcy rates, the interest rate environment, and the competitive, legal and regulatory environments. Factors analyzed for each class, with resultant allocations based upon the level of risk assessed for each class, include levels of past due loans, levels of nonaccrual loans, current class balance as a percentage of total loans, and the percentage of high risk loans within the class. Additionally, factors specific to each segment are analyzed and result in allocations to the segment. Please refer to the Company’s 2016 10 1: Real estate construction loans are subject to general risks from changing commercial building and housing market trends and economic conditions that may The credit quality of consumer real estate is subject to risks associated with the borrower’s repayment ability and collateral value, measured generally by analyzing local unemployment and bankruptcy trends, local housing market trends, and interest rates. The commercial real estate segment includes loans secured by multifamily residential real estate, commercial real estate occupied by the owner/borrower, and commercial real estate leased to non-owners. Loans in the commercial real estate segment are impacted by economic risks from changing commercial real estate markets, rental markets for multi-family housing and commercial buildings, business bankruptcy rates, local unemployment and interest rate trends that would impact the businesses housed by the commercial real estate. Commercial non real estate loans are secured by collateral other than real estate, or are unsecured. Credit risk for commercial non real estate loans is subject to economic conditions, generally monitored by local business bankruptcy trends, and interest rates. Public sector and IDA loans are extended to municipalities and related entities. Credit risk is based upon the entity’s ability to repay and interest rate trends. Consumer non real estate includes credit cards, automobile and other consumer loans. Credit cards and certain other consumer loans are unsecured, while collateral is obtained for automobile loans and other consumer loans. Credit risk stems primarily from the borrower’s ability to repay, measured by average unemployment, average personal bankruptcy rates and interest rates. Factor allocations applied to each class are increased for loans rated special mention and increased to a greater extent for loans rated classified. The Company allocates additional reserves for “high risk” loans. High risk loans include junior liens, interest only and high loan to value loans. A detailed analysis showing the allowance roll-forward by portfolio segment and related loan balance by segment follows. A ctivity in the Allowance for Loan Losses for the Nine Months Ended September 30 , 2017 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Balance , December 31, 2016 $ 438 $ 1,830 $ 3,738 $ 1,063 $ 330 $ 644 $ 257 $ 8,300 Charge-offs --- (146 ) (122 ) (73 ) --- (348 ) --- (689 ) Recoveries --- 1 44 14 --- 79 --- 138 Provision for loan losses (140 ) 337 33 111 55 357 (29 ) 724 Balance, September 30, 2017 $ 298 $ 2,022 $ 3,693 $ 1,115 $ 385 $ 732 $ 228 $ 8,473 A ctivity in the Allowance for Loan Losses for the Nine Months Ended September 30 , 2016 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Balance , December 31, 2015 $ 576 $ 1,866 $ 4,109 $ 655 $ 436 $ 627 $ 28 $ 8,297 Charge-offs (29 ) (131 ) (149 ) (767 ) --- (191 ) --- (1,267 ) Recoveries --- 2 71 6 --- 44 --- 123 Provision for loan losses (43 ) 111 (525 ) 1,493 (66 ) 152 26 1,148 Balance, September 30 , 2016 $ 504 $ 1,848 $ 3,506 $ 1,387 $ 370 $ 632 $ 54 $ 8,301 A ctivity in the Allowance for Loan Losses for the Year Ended December 31, 201 6 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Balance , December 31, 2015 $ 576 $ 1,866 $ 4,109 $ 655 $ 436 $ 627 $ 28 $ 8,297 Charge-offs (29 ) (133 ) (488 ) (883 ) --- (273 ) --- (1,806 ) Recoveries --- 2 83 10 --- 64 --- 159 Provision for loan losses (109 ) 95 34 1,281 (106 ) 226 229 1,650 Balance, December 31 , 2016 $ 438 $ 1,830 $ 3,738 $ 1,063 $ 330 $ 644 $ 257 $ 8,300 Allowance for Loan Losses as of September 30 , 2017 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ --- $ 21 $ --- $ 163 $ --- $ 2 $ --- $ 186 Collectively evaluated for impairment 298 2,001 3,693 952 385 730 228 8,287 Total $ 298 $ 2,022 $ 3,693 $ 1,115 $ 385 $ 732 $ 228 $ 8,473 Allowance for Loan Losses as of December 31, 201 6 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ --- $ 25 $ 1 $ --- $ --- $ --- $ --- $ 26 Collectively evaluated for impairment 438 1,805 3,737 1,063 330 644 257 8,274 Total $ 438 $ 1,830 $ 3,738 $ 1,063 $ 330 $ 644 $ 257 $ 8,300 Loans as of September 30 , 2017 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ 3,300 $ 1,276 $ 6,319 $ 1,248 $ --- $ 16 $ --- $ 12,159 Collectively evaluated for impairment 28,926 165,115 330,910 41,807 48,391 33,683 --- 648,832 Total $ 32,226 $ 166,391 $ 337,229 $ 43,055 $ 48,391 $ 33,699 $ --- $ 660,991 Loans as of December 31, 201 6 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ 270 $ 877 $ 7,782 $ 241 $ --- $ 3 $ --- $ 9,173 Collectively evaluated for impairment 36,075 156,841 328,675 38,783 45,474 33,525 --- 639,373 Total $ 36,345 $ 157,718 $ 336,457 $ 39,024 $ 45,474 $ 33,528 $ --- $ 648,546 A summary of ratios for the allowance for loan losses follows. As of and for the Nine Months Ended September 30, Year E nded December 31, 201 7 20 16 20 16 Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs 1.28 % 1.30 % 1.28 % Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs (1) 0.11 % 0.25 % 0.26 % ( 1 Net charge-offs are on an annualized basis. A summary of nonperforming assets follows. September 30, December 31, 201 7 20 16 20 16 Nonperforming assets: Nonaccrual loans $ 7 $ 1,592 $ 1,168 Restructured loans in nonaccrual 3,149 3,901 4,687 Total nonperforming loans 3,156 5,493 5,855 Other real estate owned, net 2,923 3,188 3,156 Total nonperforming assets $ 6,079 $ 8,681 $ 9,011 Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned 0.92 % 1.36 % 1.38 % Ratio of allowance for loan losses to nonperforming loans ( 1 ) 268.47 % 151.12 % 141.76 % ( 1 The Company defines nonperforming loans as nonaccrual loans and restructured loans that are nonaccrual. Nonperforming loans do not 90 A summary of loans past due 90 . September 30, December 31, 201 7 20 16 20 16 Loans past due 90 days or more and still accruing $ 250 $ 195 $ 63 Ratio of loans past due 90 days or more and still accruing to loans, net of unearned income and deferred fees and costs 0.04 % 0.03 % 0.01 % Accruing restructured loans $ 4,815 $ 4,662 $ 3,769 Impaired loans : Impaired loans with no valuation allowance $ 10,522 $ 9,290 $ 8,269 Impaired loans with a valuation allowance 1,637 620 904 Total impaired loans $ 12,159 $ 9,910 $ 9,173 Valuation allowance (186 ) (27 ) (26 ) Impaired loans, net of allowance $ 11,973 $ 9,883 $ 9,147 Average recorded investment in impaired loans (1) $ 12,541 $ 12,908 $ 11,585 Interest i ncome recognized on impaired loans, after designation as impaired $ 387 $ 476 $ 553 Amount of income recognized on a cash basis $ --- $ --- $ --- ( 1 Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. Nonaccrual loan relationships that meet the Company’s balance threshold of $250 $250 not No nine September 30, 2017 September 30, 2016 December 31, 2016. A detailed analysis of investment in impaired loans, associated reserves and interest income recognized, segregated by loan class follows. Impaired Loans as of September 30, 2017 Principal Balance Total Recorded Investment (1) Recorded Investment (1 ) Which There is No Related Allowance Recorded Investment (1) Which There is a Related Allowance Related Allowance Real Estate Construction (2) Construction , other $ 3,300 $ 3,300 $ 3,300 $ --- $ --- Co nsumer Real Estate (2) Residential closed-end first liens 804 766 440 326 15 Residential closed-end junior liens 180 180 --- 180 6 Investor-owned residential real estate 349 330 330 --- --- Commercial Real Estate (2) Multifamily 307 307 307 --- --- Commercial real estate, owner-occupied 3,390 3,383 3,383 --- --- Commercial real estate, other 2,936 2,629 2,629 --- --- Commercial Non Real Estate (2) Commercial and industrial 1,268 1,248 131 1,117 163 Consumer Non Real Estate (2) Automobile 16 16 2 14 2 Total $ 12,550 $ 12,159 $ 10,522 $ 1,637 $ 186 ( 1 Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. ( 2 Only classes with impaired loans are shown. Impaired Loans as of December 31, 201 6 Principal Balance Total Recorded Investment (1) Recorded Investment (1) Which There is No Related Allowance Recorded Investment (1) Which There is a Related Allowance Related Allowance Real Estate Construction (2) Construction 1-4 family residential $ 280 $ 270 $ 270 $ --- $ --- Co nsumer Real Estate (2) Residential closed-end first liens 648 609 267 342 14 Residential closed-end junior liens 195 195 --- 195 7 Investor-owned residential real estate 73 73 --- 73 4 Commercial Real Estate (2) Multifamily real estate 1,364 1,091 1,091 --- --- Commercial real estate, owner occupied 4,005 3,957 3,663 294 1 Commercial real estate, other 2,997 2,734 2,734 --- --- Commercial Non Real Estate (2) Commercial and industrial 255 241 241 --- --- Consumer Non Real Estate (2) Automobile 3 3 3 --- --- Total $ 9,820 $ 9,173 $ 8,269 $ 904 $ 26 ( 1 Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. ( 2 Only classes with impaired loans are shown. The following tables show the average recorded investment and interest income recognized for impaired loans. For the Nine Months Ended September 30, 2017 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 3,323 $ 133 Co nsumer Real Estate (2) Residential closed-end first liens 1,107 30 Residential closed-end junior liens 188 8 Investor-owned residential real estate 333 12 Commercial Real Estate (2) Multifamily real estate 310 12 Commercial real estate, owner occupied 3,420 140 Commercial real estate, other 2,658 45 Commercial Non Real Estate (2) Commercial and industrial 1,187 6 Consumer Non Real Estate (2) Automobile 15 1 Total $ 12,541 $ 387 ( 1 Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. ( 2 Only classes with impaired loans are shown. For the Nine Months Ended September 30, 2016 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 529 $ --- Co nsumer Real Estate (2) Residential closed-end first liens 652 28 Residential closed-end junior liens 210 10 Investor-owned residential real estate 74 3 Commercial Real Estate (2) Multifamily real estate 1,741 7 Commercial real estate, owner occupied 4,629 175 Commercial real estate, other 4,372 252 Commercial Non Real Estate (2) Commercial and industrial 697 1 Consumer Non Real Estate Automobile 4 --- Total $ 12,908 $ 476 ( 1 Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. ( 2 Only classes with impaired loans are shown. For the Year Ended December 31, 201 6 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 462 $ 10 Consumer Real Estate (2) Residential closed-end first liens 642 38 Residential closed-end junior liens 207 13 Investor-owned residential real estate 74 4 Commercial Real Estate (2) Multifamily real estate 1,366 12 Commercial real estate, owner occupied 4,342 206 Commercial real estate, other 3,947 263 Commercial Non Real Estate (2) Commercial and industrial 541 7 Co nsumer Non Real Estate (2) Automobile 4 --- Total $ 11,585 $ 553 ( 1 Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. ( 2 Only classes with impaired loans are shown. The Company reviews nonaccrual loans on an individual loan basis to determine whether future payments are reasonably assured. To satisfy this criteria, the Company’s evaluation must determine that the underlying cause of the original delinquency or weakness that indicated nonaccrual status has been resolved, such as receipt of new guarantees, increased cash flows that cover the debt service or other resolution. Nonaccrual loans that demonstrate reasonable assurance of future payments and that have made at least six may A restructured loan that maintains current status for at least six may An analysis of past due and nonaccrual loans September 30, 2017 3 0 – 89 Days Past Due and Accruing 90 or M ore Days Past Due 90 or More Days Past Due and Accruing Nonaccruals (2) Consumer Real Estate (1) Residential closed-end first liens 901 88 88 266 Residential closed-end junior liens 197 --- --- --- Investor-owned residential real estate 1 7 --- --- Commercial Real Estate (1) Multifamily real estate 307 --- --- --- Commercial real estate, owner-occupied 676 --- --- 128 Commercial real estate, other --- --- --- 2,629 Commercial Non Real Estate (1) Commercial and industrial 65 --- --- 131 Consumer Non Real Estate (1) Credit cards 7 16 16 --- Automobile 295 22 22 2 Other consumer loans 94 124 124 --- Total $ 2,543 $ 257 $ 250 $ 3,156 ( 1 Only classes with past-due or nonaccrual loans are shown. ( 2 ) Includes current and past due loans in nonaccrual status. Includes impaired loans in nonaccrual status. December 31, 201 6 3 0 – 89 Days Past Due and Accruing 90 or M ore Days Past Due 90 or More Days Past Due and Accruing Nonaccruals (2) Real Estate Construction (1) Construction, residential $ --- $ --- $ --- $ 270 Construction, other 25 --- --- --- Consumer Real Estate (1) Equity lines 10 --- --- --- Residential closed-end first liens 1,498 6 6 --- Residential closed-end junior liens 114 36 36 --- Investor-owned residential real estate 56 234 --- 253 Commercial Real Estate (1) Multifamily real estate 132 1,091 --- 1,091 Commercial real estate, owner occupied 339 202 --- 1,183 Commercial real estate, other --- 80 --- 2,814 Commercial Non Real Estate (1) Commercial and industrial 6 218 --- 241 Consumer Non Real Estate (1) Credit cards 8 5 5 --- Automobile 234 12 12 3 Other consumer loans 131 4 4 --- Total $ 2,553 $ 1,888 $ 63 $ 5,855 ( 1 Only classes with past-due or nonaccrual loans are shown. ( 2 ) Includes current and past due loans in nonaccrual status. Includes impaired loans in nonaccrual status. The estimate of credit risk for non-impaired loans is obtained by applying allocations for internal and external factors. The allocations are increased for loans that exhibit greater credit quality risk. Credit quality indicators, which the Company terms risk grades, are assigned through the Company’s credit review function for larger loans and selective review of loans that fall below credit review thresholds. Loans that do not 75 75 50% 100% Determination of risk grades was completed for the portfolio as of September 30, 2017 December 31, 2016. The following displays collectively-evaluated loans by credit quality indicator. September 30 , 2017 Pass Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 11,005 $ --- $ --- Construction, other 17,921 --- --- Consumer Real Estate Equity lines 17,128 42 --- Closed-end first liens 85,309 1,762 691 Closed-end junior liens 4,496 31 14 Investor-owned residential real estate 55,314 --- 328 Commercial Real Estate Multifamily residential real estate 99,932 --- 128 Commercial real estate owner-occupied 128,997 254 1,151 Commercial real estate, other 100,448 --- --- Commercial Non Real Estate Commercial and i ndustrial 41,593 149 65 Public Sector and IDA States and political subdivisions 48,391 --- --- Consumer Non Real Estate Credit cards 5,379 --- --- Automobile 16,110 69 135 Other consumer 11,928 42 20 Total $ 643,951 $ 2,349 $ 2,532 ( 1 Excludes impaired, if any. The following displays collectively-evaluated loans by credit quality indicator. December 31, 201 6 Pass Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 11,635 $ 3,468 $ --- Construction, other 20,972 --- --- Consumer Real Estate Equity lines 17,034 82 --- Closed-end first liens 83,658 1,267 580 Closed-end junior liens 4,861 15 151 Investor-owned residential real estate 48,277 333 583 Commercial Real Estate Multifamily residential real estate 99,002 1,733 --- Commercial real estate owner-occupied 120,170 1,188 1,425 Commercial real estate, other 103,534 1,543 80 Commercial Non Real Estate Commercial and i ndustrial 35,521 3,229 33 Public Sector and IDA States and political subdivisions 45,474 --- --- Consumer Non Real Estate Credit cards 5,978 --- --- Automobile 14,457 25 192 Other consumer 12,229 636 8 Total $ 622,802 $ 13,519 $ 3,052 ( 1 Excludes impaired, if any. Sales , Purchases and Reclassification of Loans The Company finances mortgages under “best efforts” contracts with mortgage purchasers. The mortgages are designated as held for sale upon initiation. There have been no no Troubled Debt Restructurings From time to time the Company modifies loans in troubled debt restructurings. Total troubled debt restructurings amounted to $7,964 September 30, 2017, $8,456 December 31, 2016, $8,563 September 30, 2016. The following table present restructurings by class that occurred during the three September 30, 2017. Restructurings That Occurred During the Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Commercial Non R eal E state Commercial and industrial 2 $ 1,116 $ 1,116 Consumer Non Real Estate Automobile 2 14 14 Total 4 $ 1,130 $ 1,130 Each of the restructurings completed during the three September 30, 2017 two and reducing the rate. Impairment measurement, based on the present value of cash flows, indicated a specific reserve for each of the commercial non-real estate loans. The two 13 The following table presents restructurings by class that occurred during the nine September 30, 2017. Restructurings That Occurred During the Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Commercial Real Estate Commercial real estate, owner occupied 1 $ 132 $ 132 Commercial Non R eal E state Commercial and industrial 4 1,234 1,234 Consumer Non Real Estate Automobile 2 14 14 Total 7 $ 1,380 $ 1,380 Each of the restructurings completed during the nine September 30, 2017 not four one two two 13 The following table presents restructurings by class that were identified during the three September 30, 2016. Restructurings That Occurred During the Three Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Commercial Non R eal E state Commercial and industrial 1 $ 28 $ 30 Consumer Non Real Estate Automobile 1 5 5 Total 2 $ 33 $ 35 During the three September 30, 2016, one one The loans are collateral dependent and the fair value is measured using the collateral method. Impairment measurement did not four The following table presents restructurings by class that occurred during the nine September 30, 2016. Restructurings That Occurred During the Nine Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Commercial R eal E state Commercial real estate, other 2 $ 3,008 $ 3,008 Commercial Non Real Estate Commercial and industrial 1 28 30 Consumer Non Real Estate Automobile 1 5 5 Total 4 $ 3,041 $ 3,043 In addition to the loans identified as troubled debt restructures during the three September, 30, 2016, two first nine 2016. second 2016 2014 2016 2014 2016 not The Company analyzed its TDR portfolio for loans that defaulted during the three nine September 30, 2017 September 30, 2016, 12 one 90 three nine September 30, 2017 September 30, 2016, none 12 |
Note 4 - Securities
Note 4 - Securities | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 4 : Securities The amortized costs, gross unrealized gains, gross unrealized losses and fair values for securities available for sale by major security type are as follows. September 30, 2017 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 294,609 $ 825 $ 3,205 $ 292,229 State s and political subdivisions 10,047 142 4 10,185 Mortgage-backed securities 646 65 --- 711 Corporate debt securities 6,016 208 26 6,198 Total securities available for sale $ 311,318 $ 1,240 $ 3,235 $ 309,323 December 31, 201 6 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 291,271 $ 492 $ 6,165 $ 285,598 States and political subdivisions 11,482 211 --- 11,693 Mortgage-backed securities 845 85 --- 930 Corporate debt securities 6,015 20 137 5,898 Other securities 189 --- 26 163 Total securities available for sale $ 309,802 $ 808 $ 6,328 $ 304,282 The amortized cost and fair value of single maturity securities available for sale at September 30, 2017, may may September 30 , 2017 Amortized Cost Fair Value Available for S ale: Due in one year or less $ 11,256 $ 11,231 Due after one year through five years 211,312 209,270 Due after give years through ten years 61,843 61,033 Due after ten years 26,907 27,789 Total securities available for sale $ 311,318 $ 309,323 The amortized costs, gross unrealized gains, gross unrealized losses and fair values for securities held to maturity by major security type are as follows. September 30, 2017 Amortized Costs Gross Unrealized Gross Unrealized Fair Values Held to M aturity: U.S. Government agencies and corporations $ 3,934 $ 215 $ --- $ 4,149 State s and political subdivisions 124,611 3,923 68 128,466 Mortgage-backed securities 225 24 --- 249 Corporate debt securities 980 15 --- 995 Total securities held to maturity $ 129,750 $ 4,177 $ 68 $ 133,859 December 31, 201 6 Amortized Costs Gross Unrealized Gross Unrealized Fair Values Held to M aturity: U.S. Government agencies and corporations $ 3,934 $ 201 $ --- $ 4,135 States and political subdivisions 129,783 3,579 1,082 132,280 Mortgage-backed securities 265 30 --- 295 Corporate debt securities 975 7 --- 982 Total securities held to maturity $ 134,957 $ 3,817 $ 1,082 $ 137,692 The amortized cost and fair value of single maturity securities held to maturity at September 30, 2017, may may September 30 , 2017 Amortized Cost Fair Value Held to maturity : Due in one year or less $ 11,646 $ 11,907 Due after one year through five years 25,962 27,339 Due after give years through ten years 23,388 24,207 Due after ten years 68,754 70,406 Total securities held to maturity $ 129,750 $ 133,859 Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows. September 30, 2017 Less Than 12 Months 12 Months or More Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily I mpaired S ecurities: U.S. Gove rnment agencies and corporations $ 176,979 $ 1,692 $ 87,469 $ 1,513 State s and political subdivisions 6,314 32 1,560 40 Corporate debt securities 951 26 --- --- Total $ 184,244 $ 1,750 $ 89,029 $ 1,553 December 31, 201 6 Less Than 12 Months 12 Months or More Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily I mpaired S ecurities: U.S. Government agencies and corporations $ 260,150 $ 6,161 $ 996 $ 4 States and political subdivisions 31,257 934 1,316 148 Corporate debt securities 3,888 137 --- --- Other securities --- --- 163 26 Total $ 295,295 $ 7,232 $ 2,475 $ 178 The Company had 283 $273,273 September 30, 2017. $3,303. 91 securities with a fair value of $89,029 $1,553 twelve September 30, 2017 U.S. Government agencies $1,513 89 $87,469. not not not may not States and political subdivisions. $40 2 $1,560 not not not may not Restricted stock. $1,200 September 30, 2017 $1,170 December 31, 2016. not Redemption of FHLB stock is subject to certain limitations and conditions. At its discretion, the FHLB may $490,534 September 30, 2017. September 30, 2017, not Management regularly monitors the credit quality of the investment portfolio. Changes in ratings are noted and follow-up research on the issuer is undertaken when warranted. Management intends to carefully monitor any changes in bond quality. |
Note 5 - Recent Accounting Pron
Note 5 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 5 : Recent Accounting Pronouncements In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10 2016 01, 1 2 3 4 December 15, 2017, 2016 01 In February 2016, No. 2016 02, 842 2016 02, 1 2 606, December 15, 2018, not may not 2016 02 six one three During June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 December 15, 2019. 2016 13 During August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 December 15, 2017, not 2016 15 During January 2017, No. 2017 01, Business Combinations (Topic 805 805, three not not not not 1 2 December 15, 2017, No not 2017 01 During January 2017, No. 2017 04, Intangibles – Goodwill and Other (Topic 350 2 2 December 15, 2019. adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. not 2017 04 During March 2017, 2017 07, Compensation — Retirement Benefits (Topic 715 715 not December 15, 2017, not 2017 07 During March 2017, 2017 ‐ 08, 310 ‐ 20 December 15, 2018, 2017 ‐ 08 During May 2017, 2017 ‐ 09, 718 718. December 15, 2017. not 2017 ‐ 09 During August 2017, 2017 12, Derivatives and Hedging (Topic 815 December 15, 2018. not 2017 12 |
Note 6 - Defined Benefit Plan
Note 6 - Defined Benefit Plan | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | Note 6 : Defined Benefit Plan Components of Net Periodic Benefit Cost Pension Benefits Nine Months Ended September 30, 20 17 20 16 Service cost $ 519 $ 522 Interest cost 558 567 Expected return on plan assets (822 ) (816 ) Amortization of prior service cost (81 ) (81 ) Recognized net actuarial loss 405 429 Net periodic benefit c ost $ 579 $ 621 201 7 Plan Year Employer Contribution For the nine September 30, 2017, $507 . |
Note 7 - Fair Value Measurement
Note 7 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 7 : Fair Value Measurements The Company records fair value adjustments to certain assets and liabilities and determines fair value disclosures utilizing a definition of fair value of assets and liabilities that states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Additional considerations come into play in determining the fair value of assets in markets that are not The Company uses a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. The three two Level 1 – Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 – Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 – Valuation is based on model-based techniques that use one The following describes the valuation techniques used by the Company to measure certain assets and liabilities recorded at fair value on a recurring basis in the financial statements . Securities Available for Sale Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1 not may 2 Fair Value Measurements at September 30, 2017 Using Description Balance as of September 30, 2017 Quoted Prices in Active Significant Other Significant Unobservable Inputs U.S. Government agencies and corporations $ 292,229 $ --- $ 292,229 $ --- States and political subdivisions 10,185 --- 10,185 --- Mortgage-backed securities 711 --- 711 --- Corporate debt securities 6,198 --- 6,198 --- Other securities --- --- --- --- Total securities available for sale $ 309,323 $ --- $ 309,323 $ --- Fair Value Measurements at December 31, 20 16 Using Description Balance as of December 31, Quoted Prices in Active Significant Other Significant Unobservable Inputs U.S. Government agencies and corporations $ 285,598 $ --- $ 285,598 $ --- States and political subdivisions 11,693 --- 11,693 --- Mortgage-backed securities 930 --- 930 --- Corporate debt securities 5,898 --- 5,898 --- Other securities 163 --- 163 --- Total securities available for sale $ 304,282 $ --- $ 304,282 $ --- Certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the financial statements. Loans Held for Sale Loans held for sale are carried at the lower of cost or fair value. These loans currently consist of one four not 2 No September 30, 2017 December 31, 2016. Impaired Loans Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due will not The fair value of an impaired loan and measurement of associated loss is based on one three 1 3 Loans measured using the fair value of collateral method may 2 3. may The Company bases collateral method fair valuation upon the “as-is” value of independent appraisals or evaluations. Valuations for impaired loans with outstanding principal balances of $250 $100 one $100, $250, The value of real estate collateral is determined by a current (less than 12 2. 3. 3. 2 3 not 3 Impaired loans are measured quarterly for impairment. The Company employs the most applicable valuation method for each loan based on current information at the time of valuation. Valuations of loans using the collateral method may not not The following table summarizes the Company’s impaired loans that were measured at fair value on a nonrecurring basis at September 30, 2017 December 31, 2016. Carrying V alue Date Description Balance Quoted Prices in Active Significant Other Significant Unobservable Inputs Assets: September 30, 2017 Impaired loans net of valuation allowance $ 1,451 $ --- $ --- $ 1,451 December 31, 201 6 Impaired loans net of valuation allowance 878 --- --- 878 The following tables present information about Level 3 September 30, 2017 December 31, 2016. September 30, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans Present value of cash flows Discount rate 5.50% – 13.25% (6.01%) December 31, 201 6 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans Present value of cash flows Discount rate 6.75% – 8.00% (7.35%) Other Real Estate Owned Other real estate owned are real estate assets acquired in full or partial satisfaction of a loan. At acquisition, other real estate owned assets are measured at fair value. If the assets are marketed for sale by an outside party, the acquisition-date fair value is discounted by selling costs; if the assets are marketed for sale by the Company, no The fair value of an other real estate owned asset is determined by an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Company using observable market data (Level 2 3. 3 The following table summarizes the Company’s other real estate owned that was measured at fair value on a nonrecurring basis. Carrying Value Date Description Balance Quoted Prices in Active Significant Other Significant Unobservable Inputs Assets: September 30, 2017 Other real estate owned net of valuation allowance $ 2,923 $ 2,923 December 31, 201 6 Other real estate owned net of valuation allowance 3,156 --- --- 3,156 The following tables present information about Level 3 September 30, 2017 December 31, 2016. September 30, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 2.44 % – 11.09% (4.86%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 1.68 % – 60.94% (10.34%) December 31, 201 6 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 2.91 % – 8.60% (6.48%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 0% – 53.46% (13.66%) T he following methods and assumptions were used by the Company in estimating fair value disclosures for financial instruments. Cash and Due from Banks and Interest-Bearing Deposits The carrying amounts approximate fair value. Securities The fair value of securities, excluding restricted stock, is determined by quoted market prices or dealer quotes. The fair value of certain state and municipal securities is not Loans Held for Sale The fair value of loans held for sale is based on commitments on hand from investors or prevailing market prices. Loans Fair value for the loan portfolio is estimated on an account-level basis by discounting scheduled cash flows through the projected maturity for each loan. The calculation applies estimated market discount rates that reflect the credit and interest rate risk inherent in the loan. The estimate of maturity is based on the Company’s historical experience with repayments for loan classification, modified by an estimate of the effect of economic conditions on lending. Impaired loans are individually evaluated for fair value. Fair value for the Company’s impaired loans is estimated by using either discounted cash flows or the appraised value of collateral. Any amount of principal balance that exceeds fair value is accrued in the allowance for loan losses. Assumptions regarding credit risk, cash flows and discount rates are determined within management’s judgment, using available market information and specific borrower information. Discount rates for cash flow analysis are based on the loan’s interest rate, and cash flows are estimated based upon the loan’s historical payment performance and the borrower’s current financial condition. Appraisals may Deposits The fair value of demand and savings deposits is the amount payable on demand. The fair value of fixed maturity term deposits and certificates of deposit is estimated using the rates currently offered for deposits with similar remaining maturities. Accrued Interest The carrying amounts of accrued interest approximate fair value. Bank -O wned Life I nsurance Bank owned life insurance represents insurance policies on officers of the Company and certain officers who are no Commitments to Extend Credit and Standby Letters of Credit The only amounts recorded for commitments to extend credit, standby letters of credit and financial guarantees written are the deferred fees arising from these unrecognized financial instruments. These deferred fees are not September 30, 2017 December 31, 2016, not The estimated fair values and related carrying amounts of the Company’s financial instruments follow. September 30 , 2017 Carrying Amount Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Financial A ssets: Cash and due from banks $ 12,066 $ 12,066 $ --- $ --- Interest-bearing deposits 58,260 58,260 --- --- Securities 439,073 --- 443,182 --- Restricted securities 1,200 --- 1,200 --- Loans held for sale 505 --- 505 --- Loans, net 651,889 --- --- 651,431 Accrued interest receivable 5,123 --- 5,123 --- Bank-owned life insurance 33,520 --- 33,520 --- Financial Liabilities: Deposits $ 1,031,973 $ --- $ 913,254 $ 117,222 Accrued interest payable 51 --- 51 --- December 31, 201 6 Carrying Amount Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Financial A ssets: Cash and due from banks $ 13,974 $ 13,974 $ --- $ --- Interest-bearing deposits 80,268 80,268 --- --- Securities 439,239 --- 441,974 --- Restricted securities 1,170 --- 1,170 --- L oans held for sale 478 --- 478 --- Loans, net 639,452 --- --- 658,386 Accrued interest receivable 5,260 --- 5,260 --- Bank-owned life insurance 22,998 --- 22,998 --- Financial Liabilities: Deposits $ 1,043,442 $ --- $ 912,828 $ 128,690 Accrued interest payable 55 --- 55 --- |
Note 8 - Components of Accumula
Note 8 - Components of Accumulated Other Comprehensive Loss | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 8 : Components of Accumulated Other Comprehensive Loss Net Unrealized Gain (Loss) on Securities Adjustments Related to Pension Benefits Accumulated Other Comprehensive Loss Balance at December 31, 201 5 $ (2,667 ) $ (5,270 ) $ (7,937 ) Unrealized holding gain on available for sale securities, net of tax of $2,415 4,484 --- 4,484 Reclassification adjustment, net of tax of ($ 54) (99 ) --- (99 ) Balance at September 30, 2016 $ 1,718 $ (5,270 ) $ (3,552 ) Balance at December 31, 201 6 $ (3,588 ) $ (5,071 ) $ (8,659 ) Unrealized holding gain on available for sale securities net of tax of $1,235 2,294 --- 2,294 Reclassification adjustment, net of tax of ($1) (3 ) --- (3 ) Balance at September 30 , 2017 $ (1,297 ) $ (5,071 ) $ (6,368 ) The following provides information regarding reclassifications out of accumulated comprehensive loss for the three nine September 30, 2017 September 30, 2016. 3 Months Ended 9 Months Ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Reclassifications out of unrealized gains and losses on available-for-sale securities: Realized securities gain, net $ (4 ) $ (101 ) $ (4 ) $ (153 ) Income taxes (1 ) (35 ) (1 ) (54 ) Realized gain on available-for-sale securities, net of tax, reclassified out of accumulated other comprehensive loss $ (3 ) $ (66 ) $ (3 ) $ (99 ) |
Note 2 - Loan Portfolio (Tables
Note 2 - Loan Portfolio (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2017 December 31, 201 6 Real estate construction $ 32,226 $ 36,345 Consumer real estate 166,391 157,718 Commercial real estate 337,229 336,457 Commercial non real estate 43,055 39,024 Public sector and IDA 48,391 45,474 Consumer non real estate 33,699 33,528 Gross loans 660,991 648,546 Less unearned income and deferred fees and costs (629 ) (794 ) Loans, net of unearned income and deferred fees and costs $ 660,362 $ 647,752 |
Note 3 - Allowance for Loan L19
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | A ctivity in the Allowance for Loan Losses for the Nine Months Ended September 30 , 2017 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Balance , December 31, 2016 $ 438 $ 1,830 $ 3,738 $ 1,063 $ 330 $ 644 $ 257 $ 8,300 Charge-offs --- (146 ) (122 ) (73 ) --- (348 ) --- (689 ) Recoveries --- 1 44 14 --- 79 --- 138 Provision for loan losses (140 ) 337 33 111 55 357 (29 ) 724 Balance, September 30, 2017 $ 298 $ 2,022 $ 3,693 $ 1,115 $ 385 $ 732 $ 228 $ 8,473 A ctivity in the Allowance for Loan Losses for the Nine Months Ended September 30 , 2016 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Balance , December 31, 2015 $ 576 $ 1,866 $ 4,109 $ 655 $ 436 $ 627 $ 28 $ 8,297 Charge-offs (29 ) (131 ) (149 ) (767 ) --- (191 ) --- (1,267 ) Recoveries --- 2 71 6 --- 44 --- 123 Provision for loan losses (43 ) 111 (525 ) 1,493 (66 ) 152 26 1,148 Balance, September 30 , 2016 $ 504 $ 1,848 $ 3,506 $ 1,387 $ 370 $ 632 $ 54 $ 8,301 A ctivity in the Allowance for Loan Losses for the Year Ended December 31, 201 6 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Balance , December 31, 2015 $ 576 $ 1,866 $ 4,109 $ 655 $ 436 $ 627 $ 28 $ 8,297 Charge-offs (29 ) (133 ) (488 ) (883 ) --- (273 ) --- (1,806 ) Recoveries --- 2 83 10 --- 64 --- 159 Provision for loan losses (109 ) 95 34 1,281 (106 ) 226 229 1,650 Balance, December 31 , 2016 $ 438 $ 1,830 $ 3,738 $ 1,063 $ 330 $ 644 $ 257 $ 8,300 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | Allowance for Loan Losses as of September 30 , 2017 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ --- $ 21 $ --- $ 163 $ --- $ 2 $ --- $ 186 Collectively evaluated for impairment 298 2,001 3,693 952 385 730 228 8,287 Total $ 298 $ 2,022 $ 3,693 $ 1,115 $ 385 $ 732 $ 228 $ 8,473 Allowance for Loan Losses as of December 31, 201 6 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ --- $ 25 $ 1 $ --- $ --- $ --- $ --- $ 26 Collectively evaluated for impairment 438 1,805 3,737 1,063 330 644 257 8,274 Total $ 438 $ 1,830 $ 3,738 $ 1,063 $ 330 $ 644 $ 257 $ 8,300 Loans as of September 30 , 2017 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ 3,300 $ 1,276 $ 6,319 $ 1,248 $ --- $ 16 $ --- $ 12,159 Collectively evaluated for impairment 28,926 165,115 330,910 41,807 48,391 33,683 --- 648,832 Total $ 32,226 $ 166,391 $ 337,229 $ 43,055 $ 48,391 $ 33,699 $ --- $ 660,991 Loans as of December 31, 201 6 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ 270 $ 877 $ 7,782 $ 241 $ --- $ 3 $ --- $ 9,173 Collectively evaluated for impairment 36,075 156,841 328,675 38,783 45,474 33,525 --- 639,373 Total $ 36,345 $ 157,718 $ 336,457 $ 39,024 $ 45,474 $ 33,528 $ --- $ 648,546 |
Schedule of Ratios for Allowance for Loan Losses [Table Text Block] | As of and for the Nine Months Ended September 30, Year E nded December 31, 201 7 20 16 20 16 Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs 1.28 % 1.30 % 1.28 % Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs (1) 0.11 % 0.25 % 0.26 % |
Schedule of Nonperforming Assets [Table Text Block] | September 30, December 31, 201 7 20 16 20 16 Nonperforming assets: Nonaccrual loans $ 7 $ 1,592 $ 1,168 Restructured loans in nonaccrual 3,149 3,901 4,687 Total nonperforming loans 3,156 5,493 5,855 Other real estate owned, net 2,923 3,188 3,156 Total nonperforming assets $ 6,079 $ 8,681 $ 9,011 Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned 0.92 % 1.36 % 1.38 % Ratio of allowance for loan losses to nonperforming loans ( 1 ) 268.47 % 151.12 % 141.76 % |
Summary of Past Due 90 Days Loans or More and Impaired Loans [Table Text Block] | September 30, December 31, 201 7 20 16 20 16 Loans past due 90 days or more and still accruing $ 250 $ 195 $ 63 Ratio of loans past due 90 days or more and still accruing to loans, net of unearned income and deferred fees and costs 0.04 % 0.03 % 0.01 % Accruing restructured loans $ 4,815 $ 4,662 $ 3,769 Impaired loans : Impaired loans with no valuation allowance $ 10,522 $ 9,290 $ 8,269 Impaired loans with a valuation allowance 1,637 620 904 Total impaired loans $ 12,159 $ 9,910 $ 9,173 Valuation allowance (186 ) (27 ) (26 ) Impaired loans, net of allowance $ 11,973 $ 9,883 $ 9,147 Average recorded investment in impaired loans (1) $ 12,541 $ 12,908 $ 11,585 Interest i ncome recognized on impaired loans, after designation as impaired $ 387 $ 476 $ 553 Amount of income recognized on a cash basis $ --- $ --- $ --- |
Impaired Financing Receivables [Table Text Block] | Impaired Loans as of September 30, 2017 Principal Balance Total Recorded Investment (1) Recorded Investment (1 ) Which There is No Related Allowance Recorded Investment (1) Which There is a Related Allowance Related Allowance Real Estate Construction (2) Construction , other $ 3,300 $ 3,300 $ 3,300 $ --- $ --- Co nsumer Real Estate (2) Residential closed-end first liens 804 766 440 326 15 Residential closed-end junior liens 180 180 --- 180 6 Investor-owned residential real estate 349 330 330 --- --- Commercial Real Estate (2) Multifamily 307 307 307 --- --- Commercial real estate, owner-occupied 3,390 3,383 3,383 --- --- Commercial real estate, other 2,936 2,629 2,629 --- --- Commercial Non Real Estate (2) Commercial and industrial 1,268 1,248 131 1,117 163 Consumer Non Real Estate (2) Automobile 16 16 2 14 2 Total $ 12,550 $ 12,159 $ 10,522 $ 1,637 $ 186 Impaired Loans as of December 31, 201 6 Principal Balance Total Recorded Investment (1) Recorded Investment (1) Which There is No Related Allowance Recorded Investment (1) Which There is a Related Allowance Related Allowance Real Estate Construction (2) Construction 1-4 family residential $ 280 $ 270 $ 270 $ --- $ --- Co nsumer Real Estate (2) Residential closed-end first liens 648 609 267 342 14 Residential closed-end junior liens 195 195 --- 195 7 Investor-owned residential real estate 73 73 --- 73 4 Commercial Real Estate (2) Multifamily real estate 1,364 1,091 1,091 --- --- Commercial real estate, owner occupied 4,005 3,957 3,663 294 1 Commercial real estate, other 2,997 2,734 2,734 --- --- Commercial Non Real Estate (2) Commercial and industrial 255 241 241 --- --- Consumer Non Real Estate (2) Automobile 3 3 3 --- --- Total $ 9,820 $ 9,173 $ 8,269 $ 904 $ 26 |
Impaired Financing Receivable Average Investment And Interest Income [Table Text Block] | For the Nine Months Ended September 30, 2017 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 3,323 $ 133 Co nsumer Real Estate (2) Residential closed-end first liens 1,107 30 Residential closed-end junior liens 188 8 Investor-owned residential real estate 333 12 Commercial Real Estate (2) Multifamily real estate 310 12 Commercial real estate, owner occupied 3,420 140 Commercial real estate, other 2,658 45 Commercial Non Real Estate (2) Commercial and industrial 1,187 6 Consumer Non Real Estate (2) Automobile 15 1 Total $ 12,541 $ 387 For the Nine Months Ended September 30, 2016 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 529 $ --- Co nsumer Real Estate (2) Residential closed-end first liens 652 28 Residential closed-end junior liens 210 10 Investor-owned residential real estate 74 3 Commercial Real Estate (2) Multifamily real estate 1,741 7 Commercial real estate, owner occupied 4,629 175 Commercial real estate, other 4,372 252 Commercial Non Real Estate (2) Commercial and industrial 697 1 Consumer Non Real Estate Automobile 4 --- Total $ 12,908 $ 476 For the Year Ended December 31, 201 6 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 462 $ 10 Consumer Real Estate (2) Residential closed-end first liens 642 38 Residential closed-end junior liens 207 13 Investor-owned residential real estate 74 4 Commercial Real Estate (2) Multifamily real estate 1,366 12 Commercial real estate, owner occupied 4,342 206 Commercial real estate, other 3,947 263 Commercial Non Real Estate (2) Commercial and industrial 541 7 Co nsumer Non Real Estate (2) Automobile 4 --- Total $ 11,585 $ 553 |
Past Due Financing Receivables [Table Text Block] | September 30, 2017 3 0 – 89 Days Past Due and Accruing 90 or M ore Days Past Due 90 or More Days Past Due and Accruing Nonaccruals (2) Consumer Real Estate (1) Residential closed-end first liens 901 88 88 266 Residential closed-end junior liens 197 --- --- --- Investor-owned residential real estate 1 7 --- --- Commercial Real Estate (1) Multifamily real estate 307 --- --- --- Commercial real estate, owner-occupied 676 --- --- 128 Commercial real estate, other --- --- --- 2,629 Commercial Non Real Estate (1) Commercial and industrial 65 --- --- 131 Consumer Non Real Estate (1) Credit cards 7 16 16 --- Automobile 295 22 22 2 Other consumer loans 94 124 124 --- Total $ 2,543 $ 257 $ 250 $ 3,156 December 31, 201 6 3 0 – 89 Days Past Due and Accruing 90 or M ore Days Past Due 90 or More Days Past Due and Accruing Nonaccruals (2) Real Estate Construction (1) Construction, residential $ --- $ --- $ --- $ 270 Construction, other 25 --- --- --- Consumer Real Estate (1) Equity lines 10 --- --- --- Residential closed-end first liens 1,498 6 6 --- Residential closed-end junior liens 114 36 36 --- Investor-owned residential real estate 56 234 --- 253 Commercial Real Estate (1) Multifamily real estate 132 1,091 --- 1,091 Commercial real estate, owner occupied 339 202 --- 1,183 Commercial real estate, other --- 80 --- 2,814 Commercial Non Real Estate (1) Commercial and industrial 6 218 --- 241 Consumer Non Real Estate (1) Credit cards 8 5 5 --- Automobile 234 12 12 3 Other consumer loans 131 4 4 --- Total $ 2,553 $ 1,888 $ 63 $ 5,855 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 11,005 $ --- $ --- Construction, other 17,921 --- --- Consumer Real Estate Equity lines 17,128 42 --- Closed-end first liens 85,309 1,762 691 Closed-end junior liens 4,496 31 14 Investor-owned residential real estate 55,314 --- 328 Commercial Real Estate Multifamily residential real estate 99,932 --- 128 Commercial real estate owner-occupied 128,997 254 1,151 Commercial real estate, other 100,448 --- --- Commercial Non Real Estate Commercial and i ndustrial 41,593 149 65 Public Sector and IDA States and political subdivisions 48,391 --- --- Consumer Non Real Estate Credit cards 5,379 --- --- Automobile 16,110 69 135 Other consumer 11,928 42 20 Total $ 643,951 $ 2,349 $ 2,532 Pass Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 11,635 $ 3,468 $ --- Construction, other 20,972 --- --- Consumer Real Estate Equity lines 17,034 82 --- Closed-end first liens 83,658 1,267 580 Closed-end junior liens 4,861 15 151 Investor-owned residential real estate 48,277 333 583 Commercial Real Estate Multifamily residential real estate 99,002 1,733 --- Commercial real estate owner-occupied 120,170 1,188 1,425 Commercial real estate, other 103,534 1,543 80 Commercial Non Real Estate Commercial and i ndustrial 35,521 3,229 33 Public Sector and IDA States and political subdivisions 45,474 --- --- Consumer Non Real Estate Credit cards 5,978 --- --- Automobile 14,457 25 192 Other consumer 12,229 636 8 Total $ 622,802 $ 13,519 $ 3,052 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Restructurings That Occurred During the Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Commercial Non R eal E state Commercial and industrial 2 $ 1,116 $ 1,116 Consumer Non Real Estate Automobile 2 14 14 Total 4 $ 1,130 $ 1,130 Restructurings That Occurred During the Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Commercial Real Estate Commercial real estate, owner occupied 1 $ 132 $ 132 Commercial Non R eal E state Commercial and industrial 4 1,234 1,234 Consumer Non Real Estate Automobile 2 14 14 Total 7 $ 1,380 $ 1,380 Restructurings That Occurred During the Three Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Commercial Non R eal E state Commercial and industrial 1 $ 28 $ 30 Consumer Non Real Estate Automobile 1 5 5 Total 2 $ 33 $ 35 Restructurings That Occurred During the Nine Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Commercial R eal E state Commercial real estate, other 2 $ 3,008 $ 3,008 Commercial Non Real Estate Commercial and industrial 1 28 30 Consumer Non Real Estate Automobile 1 5 5 Total 4 $ 3,041 $ 3,043 |
Note 4 - Securities (Tables)
Note 4 - Securities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | September 30, 2017 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 294,609 $ 825 $ 3,205 $ 292,229 State s and political subdivisions 10,047 142 4 10,185 Mortgage-backed securities 646 65 --- 711 Corporate debt securities 6,016 208 26 6,198 Total securities available for sale $ 311,318 $ 1,240 $ 3,235 $ 309,323 December 31, 201 6 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 291,271 $ 492 $ 6,165 $ 285,598 States and political subdivisions 11,482 211 --- 11,693 Mortgage-backed securities 845 85 --- 930 Corporate debt securities 6,015 20 137 5,898 Other securities 189 --- 26 163 Total securities available for sale $ 309,802 $ 808 $ 6,328 $ 304,282 |
Investments Classified by Contractual Maturity Date [Table Text Block] | September 30 , 2017 Amortized Cost Fair Value Available for S ale: Due in one year or less $ 11,256 $ 11,231 Due after one year through five years 211,312 209,270 Due after give years through ten years 61,843 61,033 Due after ten years 26,907 27,789 Total securities available for sale $ 311,318 $ 309,323 September 30 , 2017 Amortized Cost Fair Value Held to maturity : Due in one year or less $ 11,646 $ 11,907 Due after one year through five years 25,962 27,339 Due after give years through ten years 23,388 24,207 Due after ten years 68,754 70,406 Total securities held to maturity $ 129,750 $ 133,859 |
Held-to-maturity Securities [Table Text Block] | September 30, 2017 Amortized Costs Gross Unrealized Gross Unrealized Fair Values Held to M aturity: U.S. Government agencies and corporations $ 3,934 $ 215 $ --- $ 4,149 State s and political subdivisions 124,611 3,923 68 128,466 Mortgage-backed securities 225 24 --- 249 Corporate debt securities 980 15 --- 995 Total securities held to maturity $ 129,750 $ 4,177 $ 68 $ 133,859 December 31, 201 6 Amortized Costs Gross Unrealized Gross Unrealized Fair Values Held to M aturity: U.S. Government agencies and corporations $ 3,934 $ 201 $ --- $ 4,135 States and political subdivisions 129,783 3,579 1,082 132,280 Mortgage-backed securities 265 30 --- 295 Corporate debt securities 975 7 --- 982 Total securities held to maturity $ 134,957 $ 3,817 $ 1,082 $ 137,692 |
Schedule of Temporary Impairment Losses, Investments [Table Text Block] | September 30, 2017 Less Than 12 Months 12 Months or More Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily I mpaired S ecurities: U.S. Gove rnment agencies and corporations $ 176,979 $ 1,692 $ 87,469 $ 1,513 State s and political subdivisions 6,314 32 1,560 40 Corporate debt securities 951 26 --- --- Total $ 184,244 $ 1,750 $ 89,029 $ 1,553 December 31, 201 6 Less Than 12 Months 12 Months or More Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily I mpaired S ecurities: U.S. Government agencies and corporations $ 260,150 $ 6,161 $ 996 $ 4 States and political subdivisions 31,257 934 1,316 148 Corporate debt securities 3,888 137 --- --- Other securities --- --- 163 26 Total $ 295,295 $ 7,232 $ 2,475 $ 178 |
Note 6 - Defined Benefit Plan (
Note 6 - Defined Benefit Plan (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | Pension Benefits Nine Months Ended September 30, 20 17 20 16 Service cost $ 519 $ 522 Interest cost 558 567 Expected return on plan assets (822 ) (816 ) Amortization of prior service cost (81 ) (81 ) Recognized net actuarial loss 405 429 Net periodic benefit c ost $ 579 $ 621 |
Note 7 - Fair Value Measureme22
Note 7 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at September 30, 2017 Using Description Balance as of September 30, 2017 Quoted Prices in Active Significant Other Significant Unobservable Inputs U.S. Government agencies and corporations $ 292,229 $ --- $ 292,229 $ --- States and political subdivisions 10,185 --- 10,185 --- Mortgage-backed securities 711 --- 711 --- Corporate debt securities 6,198 --- 6,198 --- Other securities --- --- --- --- Total securities available for sale $ 309,323 $ --- $ 309,323 $ --- Fair Value Measurements at December 31, 20 16 Using Description Balance as of December 31, Quoted Prices in Active Significant Other Significant Unobservable Inputs U.S. Government agencies and corporations $ 285,598 $ --- $ 285,598 $ --- States and political subdivisions 11,693 --- 11,693 --- Mortgage-backed securities 930 --- 930 --- Corporate debt securities 5,898 --- 5,898 --- Other securities 163 --- 163 --- Total securities available for sale $ 304,282 $ --- $ 304,282 $ --- |
Fair Value Measurements, Nonrecurring [Table Text Block] | Carrying V alue Date Description Balance Quoted Prices in Active Significant Other Significant Unobservable Inputs Assets: September 30, 2017 Impaired loans net of valuation allowance $ 1,451 $ --- $ --- $ 1,451 December 31, 201 6 Impaired loans net of valuation allowance 878 --- --- 878 Carrying Value Date Description Balance Quoted Prices in Active Significant Other Significant Unobservable Inputs Assets: September 30, 2017 Other real estate owned net of valuation allowance $ 2,923 $ 2,923 December 31, 201 6 Other real estate owned net of valuation allowance 3,156 --- --- 3,156 |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | September 30, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans Present value of cash flows Discount rate 5.50% – 13.25% (6.01%) December 31, 201 6 Valuation Technique Unobservable Input Range (Weighted Average) Impaired loans Present value of cash flows Discount rate 6.75% – 8.00% (7.35%) September 30, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 2.44 % – 11.09% (4.86%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 1.68 % – 60.94% (10.34%) December 31, 201 6 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 2.91 % – 8.60% (6.48%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 0% – 53.46% (13.66%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30 , 2017 Carrying Amount Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Financial A ssets: Cash and due from banks $ 12,066 $ 12,066 $ --- $ --- Interest-bearing deposits 58,260 58,260 --- --- Securities 439,073 --- 443,182 --- Restricted securities 1,200 --- 1,200 --- Loans held for sale 505 --- 505 --- Loans, net 651,889 --- --- 651,431 Accrued interest receivable 5,123 --- 5,123 --- Bank-owned life insurance 33,520 --- 33,520 --- Financial Liabilities: Deposits $ 1,031,973 $ --- $ 913,254 $ 117,222 Accrued interest payable 51 --- 51 --- December 31, 201 6 Carrying Amount Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Financial A ssets: Cash and due from banks $ 13,974 $ 13,974 $ --- $ --- Interest-bearing deposits 80,268 80,268 --- --- Securities 439,239 --- 441,974 --- Restricted securities 1,170 --- 1,170 --- L oans held for sale 478 --- 478 --- Loans, net 639,452 --- --- 658,386 Accrued interest receivable 5,260 --- 5,260 --- Bank-owned life insurance 22,998 --- 22,998 --- Financial Liabilities: Deposits $ 1,043,442 $ --- $ 912,828 $ 128,690 Accrued interest payable 55 --- 55 --- |
Note 8 - Components of Accumu23
Note 8 - Components of Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Net Unrealized Gain (Loss) on Securities Adjustments Related to Pension Benefits Accumulated Other Comprehensive Loss Balance at December 31, 201 5 $ (2,667 ) $ (5,270 ) $ (7,937 ) Unrealized holding gain on available for sale securities, net of tax of $2,415 4,484 --- 4,484 Reclassification adjustment, net of tax of ($ 54) (99 ) --- (99 ) Balance at September 30, 2016 $ 1,718 $ (5,270 ) $ (3,552 ) Balance at December 31, 201 6 $ (3,588 ) $ (5,071 ) $ (8,659 ) Unrealized holding gain on available for sale securities net of tax of $1,235 2,294 --- 2,294 Reclassification adjustment, net of tax of ($1) (3 ) --- (3 ) Balance at September 30 , 2017 $ (1,297 ) $ (5,071 ) $ (6,368 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | 3 Months Ended 9 Months Ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Reclassifications out of unrealized gains and losses on available-for-sale securities: Realized securities gain, net $ (4 ) $ (101 ) $ (4 ) $ (153 ) Income taxes (1 ) (35 ) (1 ) (54 ) Realized gain on available-for-sale securities, net of tax, reclassified out of accumulated other comprehensive loss $ (3 ) $ (66 ) $ (3 ) $ (99 ) |
Note 2 - Loan Portfolio - Loan
Note 2 - Loan Portfolio - Loan Portfolio, Excluding Loans Held for Sale (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Gross loans | $ 660,991 | $ 648,546 |
Less unearned income and deferred fees and costs | (629) | (794) |
Loans, net of unearned income and deferred fees and costs | 660,362 | 647,752 |
Real Estate Construction Portfolio Segment[Member] | ||
Gross loans | 32,226 | 36,345 |
Consumer Real Estate Portfolio Segment [Member] | ||
Gross loans | 166,391 | 157,718 |
Commercial Real Estate Portfolio Segment [Member] | ||
Gross loans | 337,229 | 336,457 |
Commercial Portfolio Segment [Member] | ||
Gross loans | 43,055 | 39,024 |
Public Sector and IDA Portfolio Segment[Member] | ||
Gross loans | 48,391 | 45,474 |
Consumer Portfolio Segment [Member] | ||
Gross loans | $ 33,699 | $ 33,528 |
Note 3 - Allowance for Loan L25
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Threshold for Designation to Impaired Status | $ 250 | ||||
Interest and Fee Income, Loans and Leases | $ 7,473 | $ 7,409 | 22,379 | $ 22,032 | |
Financing Receivable, Reclassification to Held-for-sale | 0 | ||||
Transfer of Loans Held-for-sale to Portfolio Loans | 0 | ||||
Financing Receivable, Modifications, Recorded Investment | $ 7,964 | $ 8,563 | $ 7,964 | $ 8,563 | $ 8,456 |
Financing Receivable, Modifications, Number of Contracts | 4 | 2 | 7 | 4 | |
Allowance for Credit Losses, Change in Method of Calculating Impairment | $ 0 | $ 0 | $ 0 | $ 0 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 2 | 1 | 4 | 1 | |
Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 2 | 1 | 2 | 1 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 2 | ||||
Special Mention [Member] | |||||
Increase in Percentage of Allocation Loans Rated Special Mention | 50.00% | ||||
Classified Excluding Impaired [Member] | |||||
Increase in Percentage of Allocation Loans Rated Classified | 100.00% | ||||
Nonperforming Financial Instruments [Member] | |||||
Interest and Fee Income, Loans and Leases | $ 0 | $ 0 | $ 0 |
Note 3 - Allowance for Loan L26
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Balance | $ 8,300 | $ 8,297 | $ 8,297 | ||
Charge-offs | (689) | (1,267) | (1,806) | ||
Recoveries | 138 | 123 | 159 | ||
Provision for loan losses | $ 201 | $ 291 | 724 | 1,148 | 1,650 |
Balance | 8,473 | 8,301 | 8,473 | 8,301 | 8,300 |
Real Estate Construction Portfolio Segment[Member] | |||||
Balance | 438 | 576 | 576 | ||
Charge-offs | 0 | (29) | (29) | ||
Recoveries | 0 | 0 | 0 | ||
Provision for loan losses | (140) | (43) | (109) | ||
Balance | 298 | 504 | 298 | 504 | 438 |
Consumer Real Estate Portfolio Segment [Member] | |||||
Balance | 1,830 | 1,866 | 1,866 | ||
Charge-offs | (146) | (131) | (133) | ||
Recoveries | 1 | 2 | 2 | ||
Provision for loan losses | 337 | 111 | 95 | ||
Balance | 2,022 | 1,848 | 2,022 | 1,848 | 1,830 |
Commercial Real Estate Portfolio Segment [Member] | |||||
Balance | 3,738 | 4,109 | 4,109 | ||
Charge-offs | (122) | (149) | (488) | ||
Recoveries | 44 | 71 | 83 | ||
Provision for loan losses | 33 | (525) | 34 | ||
Balance | 3,693 | 3,506 | 3,693 | 3,506 | 3,738 |
Commercial Non Real Estate Segment [Member] | |||||
Balance | 1,063 | 655 | 655 | ||
Charge-offs | (73) | (767) | (883) | ||
Recoveries | 14 | 6 | 10 | ||
Provision for loan losses | 111 | 1,493 | 1,281 | ||
Balance | 1,115 | 1,387 | 1,115 | 1,387 | 1,063 |
Public Sector and IDA Portfolio Segment[Member] | |||||
Balance | 330 | 436 | 436 | ||
Charge-offs | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | ||
Provision for loan losses | 55 | (66) | (106) | ||
Balance | 385 | 370 | 385 | 370 | 330 |
Consumer Non Real Estate Portfolio Segment [Member] | |||||
Balance | 644 | 627 | 627 | ||
Charge-offs | (348) | (191) | (273) | ||
Recoveries | 79 | 44 | 64 | ||
Provision for loan losses | 357 | 152 | 226 | ||
Balance | 732 | 632 | 732 | 632 | 644 |
Unallocated Financing Receivables [Member] | |||||
Balance | 257 | 28 | 28 | ||
Charge-offs | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | ||
Provision for loan losses | (29) | 26 | 229 | ||
Balance | $ 228 | $ 54 | $ 228 | $ 54 | $ 257 |
Note 3 - Allowance for Loan L27
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Loans and Allowance for Loan Losses by Evaluation Method (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Dec. 31, 2015 |
Allowance for loan losses, individually evaluated for impairment | $ 186 | $ 26 | ||
Allowance for loan losses, collectively evaluated for impairment | 8,287 | 8,274 | ||
Allowance for loan losses | 8,473 | 8,300 | $ 8,301 | $ 8,297 |
Loans, individually evaluated for impairment | 12,159 | 9,173 | ||
Loans, collectively evaluated for impairment | 648,832 | 639,373 | ||
Loans | 660,991 | 648,546 | ||
Real Estate Construction Portfolio Segment[Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 298 | 438 | ||
Allowance for loan losses | 298 | 438 | 504 | 576 |
Loans, individually evaluated for impairment | 3,300 | 270 | ||
Loans, collectively evaluated for impairment | 28,926 | 36,075 | ||
Loans | 32,226 | 36,345 | ||
Consumer Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 21 | 25 | ||
Allowance for loan losses, collectively evaluated for impairment | 2,001 | 1,805 | ||
Allowance for loan losses | 2,022 | 1,830 | 1,848 | 1,866 |
Loans, individually evaluated for impairment | 1,276 | 877 | ||
Loans, collectively evaluated for impairment | 165,115 | 156,841 | ||
Loans | 166,391 | 157,718 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 1 | ||
Allowance for loan losses, collectively evaluated for impairment | 3,693 | 3,737 | ||
Allowance for loan losses | 3,693 | 3,738 | 3,506 | 4,109 |
Loans, individually evaluated for impairment | 6,319 | 7,782 | ||
Loans, collectively evaluated for impairment | 330,910 | 328,675 | ||
Loans | 337,229 | 336,457 | ||
Commercial Non Real Estate Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 163 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 952 | 1,063 | ||
Allowance for loan losses | 1,115 | 1,063 | 1,387 | 655 |
Loans, individually evaluated for impairment | 1,248 | 241 | ||
Loans, collectively evaluated for impairment | 41,807 | 38,783 | ||
Loans | 43,055 | 39,024 | ||
Public Sector and IDA Portfolio Segment[Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 385 | 330 | ||
Allowance for loan losses | 385 | 330 | 370 | 436 |
Loans, individually evaluated for impairment | 0 | 0 | ||
Loans, collectively evaluated for impairment | 48,391 | 45,474 | ||
Loans | 48,391 | 45,474 | ||
Consumer Non Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 2 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 730 | 644 | ||
Allowance for loan losses | 732 | 644 | 632 | 627 |
Loans, individually evaluated for impairment | 16 | 3 | ||
Loans, collectively evaluated for impairment | 33,683 | 33,525 | ||
Loans | 33,699 | 33,528 | ||
Unallocated Financing Receivables [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 228 | 257 | ||
Allowance for loan losses | 228 | 257 | $ 54 | $ 28 |
Loans, individually evaluated for impairment | 0 | 0 | ||
Loans, collectively evaluated for impairment | 0 | 0 | ||
Loans | $ 0 | $ 0 |
Note 3 - Allowance for Loan L28
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Ratios of Allowance for Loan Losses (Details) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | ||
Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs | 1.28% | 1.30% | 1.28% | |
Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs(1) | [1] | 0.11% | 0.25% | 0.26% |
[1] | Net charge-offs are on an annualized basis. |
Note 3 - Allowance for Loan L29
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Nonperforming Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | |||
Nonperforming assets: | ||||||
Nonaccrual loans | $ 7 | $ 1,168 | $ 1,592 | |||
Restructured loans in nonaccrual | 3,149 | 4,687 | 3,901 | |||
Total nonperforming loans | 3,156 | [1],[2] | 5,855 | [1],[2] | 5,493 | |
Other real estate owned, net | 2,923 | 3,156 | 3,188 | |||
Total nonperforming assets | $ 6,079 | $ 9,011 | $ 8,681 | |||
Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned | 0.92% | 1.38% | 1.36% | |||
Ratio of allowance for loan losses to nonperforming loans(1) | [3] | 268.47% | 141.76% | 151.12% | ||
[1] | Includes current and past due loans in nonaccrual status. Includes impaired loans in nonaccrual status. | |||||
[2] | Only classes with past-due or nonaccrual loans are shown. | |||||
[3] | The Company defines nonperforming loans as nonaccrual loans and restructured loans that are nonaccrual. Nonperforming loans do not include loans 90 days past due and still accruing or accruing restructured loans. |
Note 3 - Allowance for Loan L30
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Loans Past Due 90 Days or More and Impaired Loans (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | ||||
Loans past due 90 days or more and still accruing | $ 250 | [1] | $ 195 | $ 63 | [1] | |
Ratio of loans past due 90 days or more and still accruing to loans, net of unearned income and deferred fees and costs | 0.04% | 0.03% | 0.01% | |||
Accruing restructured loans | $ 4,815 | $ 4,662 | $ 3,769 | |||
Impaired loans: | ||||||
Impaired loans with no valuation allowance | 10,522 | [2] | 9,290 | 8,269 | [2] | |
Impaired loans with a valuation allowance | 1,637 | [2] | 620 | 904 | [2] | |
Total impaired loans | 12,159 | [2] | 9,910 | 9,173 | [2] | |
Valuation allowance | (186) | (27) | (26) | |||
Impaired loans, net of allowance | 11,973 | 9,883 | 9,147 | |||
Average recorded investment in impaired loans(1) | [3],[4] | 12,541 | 12,908 | 11,585 | [5] | |
Interest income recognized on impaired loans, after designation as impaired | 387 | 476 | 553 | [5] | ||
Amount of income recognized on a cash basis | $ 0 | $ 0 | $ 0 | |||
[1] | Only classes with past-due or nonaccrual loans are shown. | |||||
[2] | Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. | |||||
[3] | Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. | |||||
[4] | Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. | |||||
[5] | Only classes with impaired loans are shown. |
Note 3 - Allowance for Loan L31
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Impaired Loans and Associated Reserves (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | |||
Principal balance | $ 12,550 | $ 9,820 | ||||
Total recorded investment | 12,159 | [1] | 9,173 | [1] | $ 9,910 | |
Recorded investment for which there is no related allowance | 10,522 | [1] | 8,269 | [1] | 9,290 | |
Recorded investment for which there is a related allowance | 1,637 | [1] | 904 | [1] | 620 | |
Related allowance | 186 | 26 | $ 27 | |||
Real Estate Construction Portfolio Segment[Member] | Construction, Other [Member] | ||||||
Principal balance | [2] | 3,300 | ||||
Total recorded investment | [1],[2] | 3,300 | ||||
Recorded investment for which there is no related allowance | [1],[2] | 3,300 | ||||
Recorded investment for which there is a related allowance | [1],[2] | 0 | ||||
Related allowance | [2] | 0 | ||||
Real Estate Construction Portfolio Segment[Member] | Construction, 1-4 Family Residential [Member] | ||||||
Principal balance | [2] | 280 | ||||
Total recorded investment | [1],[2] | 270 | ||||
Recorded investment for which there is no related allowance | [1],[2] | 270 | ||||
Recorded investment for which there is a related allowance | [1],[2] | 0 | ||||
Related allowance | [2] | 0 | ||||
Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Principal balance | [2] | 804 | 648 | |||
Total recorded investment | [1],[2] | 766 | 609 | |||
Recorded investment for which there is no related allowance | [1],[2] | 440 | 267 | |||
Recorded investment for which there is a related allowance | [1],[2] | 326 | 342 | |||
Related allowance | [2] | 15 | 14 | |||
Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | ||||||
Principal balance | [2] | 180 | 195 | |||
Total recorded investment | [1],[2] | 180 | 195 | |||
Recorded investment for which there is no related allowance | [1],[2] | 0 | 0 | |||
Recorded investment for which there is a related allowance | [1],[2] | 180 | 195 | |||
Related allowance | [2] | 6 | 7 | |||
Consumer Real Estate Portfolio Segment [Member] | Investor Owned Residential Real Estate [Member] | ||||||
Principal balance | [2] | 349 | 73 | |||
Total recorded investment | [1],[2] | 330 | 73 | |||
Recorded investment for which there is no related allowance | [1],[2] | 330 | 0 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | 73 | |||
Related allowance | [2] | 0 | 4 | |||
Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||||
Principal balance | 307 | 1,364 | [2] | |||
Total recorded investment | 307 | 1,091 | [1],[2] | |||
Recorded investment for which there is no related allowance | 307 | 1,091 | [1],[2] | |||
Recorded investment for which there is a related allowance | 0 | 0 | [1],[2] | |||
Related allowance | 0 | 0 | [2] | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | ||||||
Principal balance | [2] | 3,390 | 4,005 | |||
Total recorded investment | [1],[2] | 3,383 | 3,957 | |||
Recorded investment for which there is no related allowance | [1],[2] | 3,383 | 3,663 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | 294 | |||
Related allowance | [2] | 0 | 1 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Principal balance | [2] | 2,936 | 2,997 | |||
Total recorded investment | [1],[2] | 2,629 | 2,734 | |||
Recorded investment for which there is no related allowance | [1],[2] | 2,629 | 2,734 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | 0 | |||
Related allowance | [2] | 0 | 0 | |||
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Principal balance | [2] | 1,268 | 255 | |||
Total recorded investment | [1],[2] | 1,248 | 241 | |||
Recorded investment for which there is no related allowance | [1],[2] | 131 | 241 | |||
Recorded investment for which there is a related allowance | [1],[2] | 1,117 | 0 | |||
Related allowance | [2] | 163 | 0 | |||
Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Principal balance | [2] | 16 | 3 | |||
Total recorded investment | [1],[2] | 16 | 3 | |||
Recorded investment for which there is no related allowance | [1],[2] | 2 | 3 | |||
Recorded investment for which there is a related allowance | [1],[2] | 14 | 0 | |||
Related allowance | [2] | $ 2 | $ 0 | |||
[1] | Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. | |||||
[2] | Only classes with impaired loans are shown. |
Note 3 - Allowance for Loan L32
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Impaired Loans, Average Investment and Interest Income (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |||
Average recorded investment in impaired loans(1) | [1],[2] | $ 12,541 | $ 12,908 | $ 11,585 | [3] |
Interest income recognized on impaired loans, after designation as impaired | 387 | 476 | 553 | [3] | |
Real Estate Construction Portfolio Segment[Member] | Construction, 1-4 Family Residential [Member] | |||||
Average recorded investment in impaired loans(1) | [1],[3] | 3,323 | 529 | 462 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | 133 | 0 | 10 | |
Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | |||||
Average recorded investment in impaired loans(1) | [1],[3] | 1,107 | 652 | 642 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | 30 | 28 | 38 | |
Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | |||||
Average recorded investment in impaired loans(1) | [1],[3] | 188 | 210 | 207 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | 8 | 10 | 13 | |
Consumer Real Estate Portfolio Segment [Member] | Investor Owned Residential Real Estate [Member] | |||||
Average recorded investment in impaired loans(1) | [1],[3] | 333 | 74 | 74 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | 12 | 3 | 4 | |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | |||||
Average recorded investment in impaired loans(1) | [1],[3] | 310 | 1,741 | 1,366 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | 12 | 7 | 12 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | |||||
Average recorded investment in impaired loans(1) | [1],[3] | 3,420 | 4,629 | 4,342 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | 140 | 175 | 206 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | |||||
Average recorded investment in impaired loans(1) | [1],[3] | 2,658 | 4,372 | 3,947 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | 45 | 252 | 263 | |
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | |||||
Average recorded investment in impaired loans(1) | [1],[3] | 1,187 | 697 | 541 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | 6 | 1 | 7 | |
Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | |||||
Average recorded investment in impaired loans(1) | [1] | 15 | 4 | 4 | |
Interest income recognized on impaired loans, after designation as impaired | $ 1 | $ 0 | $ 0 | [3] | |
[1] | Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. | ||||
[2] | Recorded investment is net of charge-offs and interest paid while a loan is in nonaccrual status. | ||||
[3] | Only classes with impaired loans are shown. |
Note 3 - Allowance for Loan L33
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | |||
Loans past due 90 days or more and still accruing | $ 250 | [1] | $ 63 | [1] | $ 195 | |
Nonaccruals | 3,156 | [1],[2] | 5,855 | [1],[2] | $ 5,493 | |
Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 88 | 6 | |||
Nonaccruals | [1],[2] | 266 | 0 | |||
Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | 36 | |||
Nonaccruals | [1],[2] | 0 | 0 | |||
Consumer Real Estate Portfolio Segment [Member] | Investor Owned Residential Real Estate [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | 0 | |||
Nonaccruals | [1],[2] | 0 | 253 | |||
Consumer Real Estate Portfolio Segment [Member] | Equity Lines [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | ||||
Nonaccruals | [1],[2] | 0 | ||||
Real Estate Construction Portfolio Segment[Member] | Construction Residential [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | ||||
Nonaccruals | [1],[2] | 270 | ||||
Real Estate Construction Portfolio Segment[Member] | Construction, Other [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | ||||
Nonaccruals | [1],[2] | 0 | ||||
Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | 0 | |||
Nonaccruals | [1],[2] | 0 | 1,091 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | 0 | |||
Nonaccruals | [1],[2] | 128 | 1,183 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | 0 | |||
Nonaccruals | [1],[2] | 2,629 | 2,814 | |||
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | ||||
Nonaccruals | [1],[2] | 131 | ||||
Consumer Non Real Estate Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 16 | 5 | |||
Nonaccruals | [1],[2] | 0 | 0 | |||
Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 22 | 12 | |||
Nonaccruals | [1],[2] | 2 | 3 | |||
Consumer Non Real Estate Portfolio Segment [Member] | Other Consumer Loans [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 124 | 4 | |||
Nonaccruals | [1],[2] | 0 | 0 | |||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | ||||
Nonaccruals | [1],[2] | 241 | ||||
Financing Receivables 30 to 89 Days Past Due [Member] | ||||||
Loans past due and accruing | [1] | 2,543 | 2,553 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Loans past due and accruing | [1] | 901 | 1,498 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | ||||||
Loans past due and accruing | [1] | 197 | 114 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Investor Owned Residential Real Estate [Member] | ||||||
Loans past due and accruing | [1] | 1 | 56 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Equity Lines [Member] | ||||||
Loans past due and accruing | [1] | 10 | ||||
Financing Receivables 30 to 89 Days Past Due [Member] | Real Estate Construction Portfolio Segment[Member] | Construction Residential [Member] | ||||||
Loans past due and accruing | [1] | 0 | ||||
Financing Receivables 30 to 89 Days Past Due [Member] | Real Estate Construction Portfolio Segment[Member] | Construction, Other [Member] | ||||||
Loans past due and accruing | [1] | 25 | ||||
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||||
Loans past due and accruing | [1] | 307 | 132 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | ||||||
Loans past due and accruing | [1] | 676 | 339 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Loans past due and accruing | [1] | 0 | 0 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due and accruing | [1] | 65 | ||||
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||||
Loans past due and accruing | [1] | 7 | 8 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Loans past due and accruing | [1] | 295 | 234 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Other Consumer Loans [Member] | ||||||
Loans past due and accruing | [1] | 94 | 131 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due and accruing | [1] | 6 | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||||||
Loans past due and accruing | [1] | 257 | 1,888 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Loans past due and accruing | [1] | 88 | 6 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | ||||||
Loans past due and accruing | [1] | 0 | 36 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Investor Owned Residential Real Estate [Member] | ||||||
Loans past due and accruing | [1] | 7 | 234 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Equity Lines [Member] | ||||||
Loans past due and accruing | [1] | 0 | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Construction Portfolio Segment[Member] | Construction Residential [Member] | ||||||
Loans past due and accruing | [1] | 0 | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Construction Portfolio Segment[Member] | Construction, Other [Member] | ||||||
Loans past due and accruing | [1] | 0 | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||||
Loans past due and accruing | [1] | 0 | 1,091 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | ||||||
Loans past due and accruing | [1] | 0 | 202 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Loans past due and accruing | [1] | 0 | 80 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due and accruing | [1] | 0 | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||||
Loans past due and accruing | [1] | 16 | 5 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Loans past due and accruing | [1] | 22 | 12 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Other Consumer Loans [Member] | ||||||
Loans past due and accruing | [1] | $ 124 | 4 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due and accruing | [1] | $ 218 | ||||
[1] | Only classes with past-due or nonaccrual loans are shown. | |||||
[2] | Includes current and past due loans in nonaccrual status. Includes impaired loans in nonaccrual status. |
Note 3 - Allowance for Loan L34
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | |
Loans, collectively evaluated for impairment | $ 648,832 | $ 639,373 | |
Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | 28,926 | 36,075 | |
Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 165,115 | 156,841 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 330,910 | 328,675 | |
Commercial Non Real Estate Segment [Member] | |||
Loans, collectively evaluated for impairment | 41,807 | 38,783 | |
Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 33,683 | 33,525 | |
Pass [Member] | |||
Loans, collectively evaluated for impairment | 643,951 | 622,802 | |
Pass [Member] | States Political Subdivisions [Member] | |||
Loans, collectively evaluated for impairment | 48,391 | 45,474 | |
Special Mention [Member] | |||
Loans, collectively evaluated for impairment | [1] | 2,349 | 13,519 |
Special Mention [Member] | States Political Subdivisions [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 0 |
Classified Excluding Impaired [Member] | |||
Loans, collectively evaluated for impairment | [1] | 2,532 | 3,052 |
Classified Excluding Impaired [Member] | States Political Subdivisions [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 0 |
Construction, 1-4 Family Residential [Member] | Pass [Member] | Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | 11,005 | 11,635 | |
Construction, 1-4 Family Residential [Member] | Special Mention [Member] | Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 3,468 |
Construction, 1-4 Family Residential [Member] | Classified Excluding Impaired [Member] | Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 0 |
Construction, Other [Member] | Pass [Member] | Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | 17,921 | 20,972 | |
Construction, Other [Member] | Special Mention [Member] | Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 0 |
Construction, Other [Member] | Classified Excluding Impaired [Member] | Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 0 |
Equity Lines [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 17,128 | 17,034 | |
Equity Lines [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 42 | 82 |
Equity Lines [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 0 |
Closed End First Liens [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 85,309 | 83,658 | |
Closed End First Liens [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 1,762 | 1,267 |
Closed End First Liens [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 691 | 580 |
Closed End Junior Liens [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 4,496 | 4,861 | |
Closed End Junior Liens [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 31 | 15 |
Closed End Junior Liens [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 14 | 151 |
Investor Owned Residential Real Estate [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 55,314 | 48,277 | |
Investor Owned Residential Real Estate [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 333 |
Investor Owned Residential Real Estate [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 328 | 583 |
Multifamily Real Estate [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 99,932 | 99,002 | |
Multifamily Real Estate [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 1,733 |
Multifamily Real Estate [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 128 | 0 |
Commercial Real Estate, Owner Occupied [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 128,997 | 120,170 | |
Commercial Real Estate, Owner Occupied [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 254 | 1,188 |
Commercial Real Estate, Owner Occupied [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 1,151 | 1,425 |
Commercial Real Estate Other [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 100,448 | 103,534 | |
Commercial Real Estate Other [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 1,543 |
Commercial Real Estate Other [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 80 |
Commercial and Industrial [Member] | Pass [Member] | Commercial Non Real Estate Segment [Member] | |||
Loans, collectively evaluated for impairment | 41,593 | 35,521 | |
Commercial and Industrial [Member] | Special Mention [Member] | Commercial Non Real Estate Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 149 | 3,229 |
Commercial and Industrial [Member] | Classified Excluding Impaired [Member] | Commercial Non Real Estate Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 65 | 33 |
Credit Card Receivable [Member] | Pass [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 5,379 | 5,978 | |
Credit Card Receivable [Member] | Special Mention [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 0 |
Credit Card Receivable [Member] | Classified Excluding Impaired [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | 0 |
Automobile Loan [Member] | Pass [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 16,110 | 14,457 | |
Automobile Loan [Member] | Special Mention [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 69 | 25 |
Automobile Loan [Member] | Classified Excluding Impaired [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 135 | 192 |
Other Consumer Loans [Member] | Pass [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 11,928 | 12,229 | |
Other Consumer Loans [Member] | Special Mention [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 42 | 636 |
Other Consumer Loans [Member] | Classified Excluding Impaired [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | $ 20 | $ 8 |
[1] | Excludes impaired, if any |
Note 3 - Allowance for Loan L35
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Restructurings By Class (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | |
Number of contracts | 4 | 2 | 7 | 4 |
Pre-modification outstanding principal balance | $ 1,130 | $ 33 | $ 1,380 | $ 3,041 |
Post-modification outstanding principal balance | $ 1,130 | $ 35 | $ 1,380 | $ 3,043 |
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||
Number of contracts | 2 | 1 | 4 | 1 |
Pre-modification outstanding principal balance | $ 1,116 | $ 28 | $ 1,234 | $ 28 |
Post-modification outstanding principal balance | $ 1,116 | $ 30 | $ 1,234 | $ 30 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | ||||
Number of contracts | 1 | |||
Pre-modification outstanding principal balance | $ 132 | |||
Post-modification outstanding principal balance | $ 132 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||
Number of contracts | 2 | |||
Pre-modification outstanding principal balance | $ 3,008 | |||
Post-modification outstanding principal balance | $ 3,008 | |||
Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||
Number of contracts | 2 | 1 | 2 | 1 |
Pre-modification outstanding principal balance | $ 14 | $ 5 | $ 14 | $ 5 |
Post-modification outstanding principal balance | $ 14 | $ 5 | $ 14 | $ 5 |
Note 4 - Securities (Details Te
Note 4 - Securities (Details Textual) $ in Thousands | Sep. 30, 2017USD ($) | Dec. 31, 2016USD ($) |
Number of Temporarily Impaired Securities | 283 | |
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 273,273 | |
Continuous Unrealized Loss Position Aggregate Losses | $ 3,303 | |
Number of Temporarily Impaired Securities Greater than Twelve Months | 91 | |
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | $ 89,029 | $ 2,475 |
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | 1,553 | 178 |
Federal Home Loan Bank of Atlanta [Member] | National Bank of Blacksburg [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 490,534 | |
Restricted Stock [Member] | ||
Restricted Investments | $ 1,200 | 1,170 |
US Government Agencies Debt Securities [Member] | ||
Number of Temporarily Impaired Securities | 89 | |
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 87,469 | |
Continuous Unrealized Loss Position Aggregate Losses | 1,513 | |
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | 87,469 | 996 |
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | $ 1,513 | 4 |
US States and Political Subdivisions Debt Securities [Member] | ||
Number of Temporarily Impaired Securities | 2 | |
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 1,560 | |
Continuous Unrealized Loss Position Aggregate Losses | 40 | |
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | 1,560 | 1,316 |
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | $ 40 | $ 148 |
Note 4 - Securities - Securitie
Note 4 - Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities available-for-sale, amortized costs | $ 311,318 | $ 309,802 |
Securities available-for-sale, gross unrealized gains | 1,240 | 808 |
Securities available-for-sale, gross unrealized losses | 3,235 | 6,328 |
Securities available-for-sale, fair values | 309,323 | 304,282 |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 294,609 | 291,271 |
Securities available-for-sale, gross unrealized gains | 825 | 492 |
Securities available-for-sale, gross unrealized losses | 3,205 | 6,165 |
Securities available-for-sale, fair values | 292,229 | 285,598 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 10,047 | 11,482 |
Securities available-for-sale, gross unrealized gains | 142 | 211 |
Securities available-for-sale, gross unrealized losses | 4 | 0 |
Securities available-for-sale, fair values | 10,185 | 11,693 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available-for-sale, amortized costs | 646 | 845 |
Securities available-for-sale, gross unrealized gains | 65 | 85 |
Securities available-for-sale, gross unrealized losses | 0 | 0 |
Securities available-for-sale, fair values | 711 | 930 |
Corporate Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 6,016 | 6,015 |
Securities available-for-sale, gross unrealized gains | 208 | 20 |
Securities available-for-sale, gross unrealized losses | 26 | 137 |
Securities available-for-sale, fair values | 6,198 | 5,898 |
Other Securities [Member] | ||
Securities available-for-sale, amortized costs | 189 | |
Securities available-for-sale, gross unrealized gains | 0 | |
Securities available-for-sale, gross unrealized losses | 26 | |
Securities available-for-sale, fair values | $ 163 |
Note 4 - Securities - Securit38
Note 4 - Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Amortized cost, due in one year or less, available for sale securities | $ 11,256 | |
Fair value, due in one year or less, available for sale securities | 11,231 | |
Amortized cost, due after one year through five years, available for sale securities | 211,312 | |
Fair value, due after one year through five years, available for sale securities | 209,270 | |
Amortized cost, due after five years through ten years, available for sale securties | 61,843 | |
Fair value, due after five years through ten years, available for sale securities | 61,033 | |
Amortized cost, due after ten years, available for sale securities | 26,907 | |
Fair value, due after ten years, available for sale securities | 27,789 | |
Amortized cost, total securities available for sale | 311,318 | |
Fair value, total securities available for sale | 309,323 | $ 304,282 |
Amortized cost, due in one year or less, held to maturity securities | 11,646 | |
Fair value, due in one year or less, held to maturity securities | 11,907 | |
Amortized cost, due after one year through five years, held to maturity securities | 25,962 | |
Fair value, due after one year through five years, held to maturity securities | 27,339 | |
Amortized cost, due after five years through ten years, held to maturity securities | 23,388 | |
Fair value, due after give years through ten years, held to maturity securities | 24,207 | |
Amortized cost, due after ten years, held to maturity securities | 68,754 | |
Fair value, due after ten years, held to maturity securities | 70,406 | |
Amortized cost, total securities held to maturity | 129,750 | 134,957 |
Fair value, total securities held to maturity | $ 133,859 | $ 137,692 |
Note 4 - Securities - Securit39
Note 4 - Securities - Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities held-to-maturity, amortized costs | $ 129,750 | $ 134,957 |
Securities held-to-maturity, gross unrealized gains | 4,177 | 3,817 |
Securities held-to-maturity, gross unrealized losses | 68 | 1,082 |
Securities held-to-maturity, fair values | 133,859 | 137,692 |
US Government Agencies Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 3,934 | 3,934 |
Securities held-to-maturity, gross unrealized gains | 215 | 201 |
Securities held-to-maturity, gross unrealized losses | 0 | 0 |
Securities held-to-maturity, fair values | 4,149 | 4,135 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 124,611 | 129,783 |
Securities held-to-maturity, gross unrealized gains | 3,923 | 3,579 |
Securities held-to-maturity, gross unrealized losses | 68 | 1,082 |
Securities held-to-maturity, fair values | 128,466 | 132,280 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities held-to-maturity, amortized costs | 225 | 265 |
Securities held-to-maturity, gross unrealized gains | 24 | 30 |
Securities held-to-maturity, gross unrealized losses | 0 | 0 |
Securities held-to-maturity, fair values | 249 | 295 |
Corporate Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 980 | 975 |
Securities held-to-maturity, gross unrealized gains | 15 | 7 |
Securities held-to-maturity, gross unrealized losses | 0 | 0 |
Securities held-to-maturity, fair values | $ 995 | $ 982 |
Note 4 - Securities - Securit40
Note 4 - Securities - Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Temporarily impaired securities, less than 12 months, fair value | $ 184,244 | $ 295,295 |
Temporarily impaired securities, less than 12 months unrealized loss | 1,750 | 7,232 |
Temporarily impaired securities, 12 months or more fair value | 89,029 | 2,475 |
Temporarily impaired securities, 12 months or more unrealized loss | 1,553 | 178 |
US Government Agencies Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 176,979 | 260,150 |
Temporarily impaired securities, less than 12 months unrealized loss | 1,692 | 6,161 |
Temporarily impaired securities, 12 months or more fair value | 87,469 | 996 |
Temporarily impaired securities, 12 months or more unrealized loss | 1,513 | 4 |
US States and Political Subdivisions Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 6,314 | 31,257 |
Temporarily impaired securities, less than 12 months unrealized loss | 32 | 934 |
Temporarily impaired securities, 12 months or more fair value | 1,560 | 1,316 |
Temporarily impaired securities, 12 months or more unrealized loss | 40 | 148 |
Corporate Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 951 | 3,888 |
Temporarily impaired securities, less than 12 months unrealized loss | 26 | 137 |
Temporarily impaired securities, 12 months or more fair value | 0 | 0 |
Temporarily impaired securities, 12 months or more unrealized loss | $ 0 | 0 |
Other Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 0 | |
Temporarily impaired securities, less than 12 months unrealized loss | 0 | |
Temporarily impaired securities, 12 months or more fair value | 163 | |
Temporarily impaired securities, 12 months or more unrealized loss | $ 26 |
Note 6 - Defined Benefit Plan41
Note 6 - Defined Benefit Plan (Details Textual) $ in Thousands | 9 Months Ended |
Sep. 30, 2017USD ($) | |
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 507 |
Note 6 - Defined Benefit Plan -
Note 6 - Defined Benefit Plan - Defined Benefit Plan Activity (Details) - Pension Plan [Member] - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Service cost | $ 519 | $ 522 |
Interest cost | 558 | 567 |
Expected return on plan assets | (822) | (816) |
Amortization of prior service cost | (81) | (81) |
Recognized net actuarial loss | 405 | 429 |
Net periodic benefit cost | $ 579 | $ 621 |
Note 7 - Fair Value Measureme43
Note 7 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Loans Held-for-sale [Member] | Changes Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets, Fair Value Adjustment | $ 0 | $ 0 |
Note 7 - Fair Value Measureme44
Note 7 - Fair Value Measurements - Assets and Liabilities at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities available for sale | $ 309,323 | $ 304,282 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 309,323 | 304,282 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 292,229 | 285,598 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 292,229 | 285,598 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale | 10,185 | 11,693 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 10,185 | 11,693 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale | 711 | 930 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 711 | 930 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
Corporate Debt Securities [Member] | ||
Securities available for sale | 6,198 | 5,898 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 6,198 | 5,898 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
Other Securities [Member] | ||
Securities available for sale | 163 | |
Other Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Other Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 0 | 163 |
Other Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | $ 0 | $ 0 |
Note 7 - Fair Value Measureme45
Note 7 - Fair Value Measurements - Impaired Loans and Other Real Estate Owned Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Impaired loans net of valuation allowance | $ 1,451 | $ 878 |
Other real estate owned net of valuation allowance | 2,923 | 3,156 |
Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans net of valuation allowance | 0 | 0 |
Other real estate owned net of valuation allowance | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans net of valuation allowance | 0 | 0 |
Other real estate owned net of valuation allowance | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans net of valuation allowance | 1,451 | 878 |
Other real estate owned net of valuation allowance | $ 2,923 | $ 3,156 |
Note 7 - Fair Value Measureme46
Note 7 - Fair Value Measurements - Level 3 Fair Value Measurements (Details) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Impaired loans [Member] | Present Value of Cash Flows [Member] | Minimum [Member] | ||
Discount rate | 5.50% | 6.75% |
Impaired loans [Member] | Present Value of Cash Flows [Member] | Maximum [Member] | ||
Discount rate | 13.25% | 8.00% |
Impaired loans [Member] | Present Value of Cash Flows [Member] | Weighted Average [Member] | ||
Discount rate | 6.01% | 7.35% |
Other Real Estate Owned [Member] | Discounted Appraised Value [Member] | Minimum [Member] | ||
Discount rate | 1.68% | 0.00% |
Selling cost | 2.44% | 2.91% |
Other Real Estate Owned [Member] | Discounted Appraised Value [Member] | Maximum [Member] | ||
Discount rate | 60.94% | 53.46% |
Selling cost | 11.09% | 8.60% |
Other Real Estate Owned [Member] | Discounted Appraised Value [Member] | Weighted Average [Member] | ||
Discount rate | 10.34% | 13.66% |
Selling cost | 4.86% | 6.48% |
Note 7 - Fair Value Measureme47
Note 7 - Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Reported Value Measurement [Member] | ||
Financial Assets: | ||
Cash and due from banks | $ 12,066 | $ 13,974 |
Interest-bearing deposits | 58,260 | 80,268 |
Securities | 439,073 | 439,239 |
Restricted securities | 1,200 | 1,170 |
Loans held for sale | 505 | 478 |
Loans, net | 651,889 | 639,452 |
Accrued interest receivable | 5,123 | 5,260 |
Bank-owned life insurance | 33,520 | 22,998 |
Financial Liabilities: | ||
Deposits | 1,031,973 | 1,043,442 |
Accrued interest payable | 51 | 55 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 12,066 | 13,974 |
Interest-bearing deposits | 58,260 | 80,268 |
Securities | 0 | 0 |
Restricted securities | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Bank-owned life insurance | 0 | 0 |
Financial Liabilities: | ||
Deposits | 0 | 0 |
Accrued interest payable | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 0 | 0 |
Interest-bearing deposits | 0 | 0 |
Securities | 443,182 | 441,974 |
Restricted securities | 1,200 | 1,170 |
Loans held for sale | 505 | 478 |
Loans, net | 0 | 0 |
Accrued interest receivable | 5,123 | 5,260 |
Bank-owned life insurance | 33,520 | 22,998 |
Financial Liabilities: | ||
Deposits | 913,254 | 912,828 |
Accrued interest payable | 51 | 55 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 0 | 0 |
Interest-bearing deposits | 0 | 0 |
Securities | 0 | 0 |
Restricted securities | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans, net | 651,431 | 658,386 |
Accrued interest receivable | 0 | 0 |
Bank-owned life insurance | 0 | 0 |
Financial Liabilities: | ||
Deposits | 117,222 | 128,690 |
Accrued interest payable | $ 0 | $ 0 |
Note 8 - Components of Accumu48
Note 8 - Components of Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Balances | $ 178,263 | $ 172,114 |
Balances | 187,661 | 184,144 |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||
Balances | (3,588) | (2,667) |
Unrealized holding gain (loss) on available for sale securities, net of tax | 2,294 | 4,484 |
Reclassification adjustment, net of tax | (3) | (99) |
Balances | (1,297) | 1,718 |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||
Balances | (5,071) | (5,270) |
Unrealized holding gain (loss) on available for sale securities, net of tax | 0 | 0 |
Reclassification adjustment, net of tax | 0 | 0 |
Balances | (5,071) | (5,270) |
AOCI Attributable to Parent [Member] | ||
Balances | (8,659) | (7,937) |
Unrealized holding gain (loss) on available for sale securities, net of tax | 2,294 | 4,484 |
Reclassification adjustment, net of tax | (3) | (99) |
Balances | $ (6,368) | $ (3,552) |
Note 8 - Components of Accumu49
Note 8 - Components of Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) (Parentheticals) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | $ 1,235 | $ 2,415 |
Reclassification adjustment for gain included in net income, taxes | (1) | (54) |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | 0 | 0 |
Reclassification adjustment for gain included in net income, taxes | 0 | 0 |
AOCI Attributable to Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | 1,235 | 2,415 |
Reclassification adjustment for gain included in net income, taxes | $ (1) | $ (54) |
Note 8 - Components of Accumu50
Note 8 - Components of Accumulated Other Comprehensive Loss - Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Income taxes | $ 1 | $ 35 | $ 1,000 | $ 54,000 |
Realized gain on available-for-sale securities, net of tax, reclassified out of accumulated other comprehensive loss | (3,000) | (66,000) | (3,000) | (99,000) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Realized securities gain, net | (4,000) | (101,000) | (4,000) | (153,000) |
Income taxes | (1,000) | (35,000) | (1,000) | (54,000) |
Realized gain on available-for-sale securities, net of tax, reclassified out of accumulated other comprehensive loss | $ (3,000) | $ (66,000) | $ (3,000) | $ (99,000) |