Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | May 08, 2018 | |
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 | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 10,598 | $ 12,926 |
Interest-bearing deposits | 76,571 | 51,233 |
Securities available for sale, at fair value | 337,211 | 331,387 |
Securities held to maturity (fair value of $124,549 at March 31, 2018 and $130,113 at December 31, 2017) | 122,905 | 127,164 |
Restricted stock, at cost | 1,221 | 1,200 |
Loans held for sale | 0 | 260 |
Loans: | ||
Loans, net of unearned income and deferred fees and costs | 658,663 | 668,069 |
Less allowance for loan losses | (7,391) | (7,925) |
Loans, net | 651,272 | 660,144 |
Premises and equipment, net | 8,120 | 8,221 |
Accrued interest receivable | 5,360 | 5,297 |
Other real estate owned, net | 2,741 | 2,817 |
Intangible assets and goodwill | 5,886 | 5,898 |
Bank-owned life insurance | 33,984 | 33,756 |
Other assets | 14,659 | 16,454 |
Total assets | 1,270,528 | 1,256,757 |
Liabilities and Stockholders' Equity | ||
Noninterest-bearing demand deposits | 190,746 | 182,511 |
Interest-bearing demand deposits | 628,540 | 622,189 |
Savings deposits | 142,019 | 140,150 |
Time deposits | 111,635 | 114,884 |
Total deposits | 1,072,940 | 1,059,734 |
Accrued interest payable | 55 | 62 |
Other liabilities | 11,996 | 12,065 |
Total liabilities | 1,084,991 | 1,071,861 |
Commitments and contingencies | 0 | 0 |
Stockholders' Equity | ||
Preferred stock, no par value, 5,000,000 shares authorized; none issued and outstanding | 0 | 0 |
Common stock of $1.25 par value. Authorized 10,000,000 shares; issued and outstanding 6,957,974 shares at March 31, 2018 and at December 31, 2017 | 8,698 | 8,698 |
Retained earnings | 189,189 | 185,893 |
Accumulated other comprehensive loss, net | (12,350) | (9,695) |
Total stockholders' equity | 185,537 | 184,896 |
Total liabilities and stockholders' equity | $ 1,270,528 | $ 1,256,757 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Securities held to maturity, fair value | $ 124,549 | $ 130,113 |
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 | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Interest Income | ||
Interest and fees on loans | $ 7,532 | $ 7,453 |
Interest on interest-bearing deposits | 172 | 148 |
Interest on securities – taxable | 1,608 | 1,402 |
Interest on securities – nontaxable | 1,172 | 1,235 |
Total interest income | 10,484 | 10,238 |
Interest Expense | ||
Interest on time deposits | 121 | 145 |
Interest on other deposits | 960 | 883 |
Total interest expense | 1,081 | 1,028 |
Net interest income | 9,403 | 9,210 |
Provision for (recovery of) loan losses | (472) | 59 |
Net interest income after provision for (recovery of) loan losses | 9,875 | 9,151 |
Noninterest Income: | ||
Noninterest Income | 1,540 | 1,459 |
BOLI income | 228 | 143 |
Other income | 346 | 328 |
Total noninterest income | 2,023 | 1,850 |
Noninterest Expense | ||
Salaries and employee benefits | 3,694 | 3,523 |
Occupancy and furniture and fixtures | 472 | 438 |
Data processing and ATM | 733 | 566 |
FDIC assessment | 91 | 95 |
Intangible assets amortization | 12 | 31 |
Net costs of other real estate owned | 85 | 29 |
Franchise taxes | 331 | 322 |
Write-down of insurance receivable | 1,724 | |
Other operating expenses | 1,022 | 1,279 |
Total noninterest expense | 8,164 | 6,283 |
Income before income taxes | 3,734 | 4,718 |
Income tax expense | 438 | 1,069 |
Net Income | $ 3,296 | $ 3,649 |
Basic net income per common share (in dollars per share) | $ 470 | $ 520 |
Fully diluted net income per common share (in dollars per share) | $ 0.47 | $ 0.52 |
Weighted average number of common shares outstanding – basic and diluted (in shares) | 6,957,974 | 6,957,974 |
Dividends declared per common share (in dollars per share) | ||
Deposit Account [Member] | ||
Noninterest Income: | ||
Noninterest Income | $ 670 | $ 665 |
Product and Service, Other [Member] | ||
Noninterest Income: | ||
Noninterest Income | 33 | 69 |
Credit and Debit Card [Member] | ||
Noninterest Income: | ||
Noninterest Income | 344 | 244 |
Fiduciary and Trust [Member] | ||
Noninterest Income: | ||
Noninterest Income | $ 402 | $ 401 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Net income | $ 3,296 | $ 3,649 |
Other Comprehensive Income (Loss), Net of Tax | ||
Unrealized holding gain on available for sale securities, net of tax | (2,655) | 1,075 |
Other comprehensive income (loss), net of tax | (2,655) | 1,075 |
Total Comprehensive Income | $ 641 | $ 4,724 |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Unrealized holding gain (loss) on available for sale securities, tax | $ (706) | $ 580 |
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, 2016 | $ 8,698 | $ 178,224 | $ (8,659) | $ 178,263 |
Net income | 3,649 | 3,649 | ||
Other comprehensive income (loss), net of tax | 1,075 | 1,075 | ||
Balances at Mar. 31, 2017 | 8,698 | 181,873 | (7,584) | 182,987 |
Balances at Dec. 31, 2017 | 8,698 | 185,893 | (9,695) | 184,896 |
Net income | 3,296 | 3,296 | ||
Other comprehensive income (loss), net of tax | (2,655) | (2,655) | ||
Balances at Mar. 31, 2018 | $ 8,698 | $ 189,189 | $ (12,350) | $ 185,537 |
Consolidated Statements of Cha8
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
AOCI Attributable to Parent [Member] | ||
Other comprehensive income (loss), tax | $ (706) | $ 580 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash Flows from Operating Activities | ||
Net income | $ 3,296 | $ 3,649 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for (recovery of) loan losses | (472) | 59 |
Depreciation of bank premises and equipment | 203 | 204 |
Amortization of intangibles | 12 | 31 |
Amortization of premiums and accretion of discounts, net | 15 | 17 |
Loss and write-down on other real estate owned, net | 76 | 8 |
Increase in cash value of bank-owned life insurance | (228) | (143) |
Originations of mortgage loans held for sale | (2,486) | (2,771) |
Proceeds from sale of mortgage loans held for sale | 2,788 | 2,676 |
Gain on sale of mortgage loans held for sale | (42) | (35) |
Write-down of insurance receivable | 1,724 | |
Net change in: | ||
Accrued interest receivable | (63) | (7) |
Other assets | 777 | (1,570) |
Accrued interest payable | (7) | (10) |
Other liabilities | (69) | 1,432 |
Net cash provided by operating activities | 5,524 | 3,540 |
Cash Flows from Investing Activities | ||
Net change in interest-bearing deposits | (25,338) | (5,284) |
Proceeds from calls, principal payments, sales and maturities of securities available for sale | 1,794 | 1,567 |
Proceeds from calls, principal payments and maturities of securities held to maturity | 4,238 | 1,338 |
Purchases of securities available for sale | (10,973) | |
Net change in restricted stock | (21) | (30) |
Purchases of loan participations | (1,521) | (487) |
Collections of loan participations | 16 | 14 |
Loan originations and principal collections, net | 10,772 | (4,231) |
Proceeds from sales of other real estate owned | 196 | |
Recoveries on loans charged off | 77 | 45 |
Proceeds from sale and purchases of premises and equipment, net | (102) | (26) |
Net cash used in investing activities | (21,058) | (6,898) |
Cash Flows from Financing Activities | ||
Net change in time deposits | (3,249) | (5,760) |
Net change in other deposits | 16,455 | 8,798 |
Net cash provided by (used in) financing activities | 13,206 | 3,038 |
Net change in cash and due from banks | (2,328) | (320) |
Cash and due from banks at beginning of period | 12,926 | 13,974 |
Cash and due from banks at end of period | 10,598 | 13,654 |
Supplemental Disclosures of Cash Flow Information | ||
Interest paid on deposits and borrowed funds | 1,088 | 1,038 |
Income taxes paid | ||
Supplemental Disclosure of Noncash Activities | ||
Loans charged against the allowance for loan losses | 139 | 143 |
Loans transferred to other real estate owned | ||
Unrealized net gain (loss) on securities available for sale | $ (3,361) | $ 1,655 |
Note 1 - General
Note 1 - General | 3 Months Ended |
Mar. 31, 2018 | |
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 three March 31, 2018 not 10 2017 10 1934 Accounting Standards Adopted in 2018 ASU No. 2014 09, In May 2014, No. 2014 09, “Revenue from Contracts with Customers.” may 2014 09, No. 2016 08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” No. 2016 10, “Identifying Performance Obligations and Licensing,” No. 2016 12, “Narrow-Scope Improvements and Practical Expedients,” No. 2016 20 “Technical Corrections and Improvements to Topic 606, Since the guidance does not not 2014 09 not $654 March 31, 2017 2014 09 January 1, 2018 no ASU No. 2016 01, In January 2016, No. 2016 01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” 1 may not 2 assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value; ( 3 4 5 6 No. 2016 01 January 1, 2018 not 4 March 31, 2018 14 Fair Value of Assets and Liabilities ASU No. 2017 07, In March 2017, No. 2017 07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” No. 2017 07 December 15, 2017. No. 2017 07 January 1, 2018 No. 2017 07 not Reclassifications In addition to reclassifications resulting from adoption of new accounting guidance, certain reclassifications have been made to prior period balances to conform to the current year presentations. Prior to June 2017, 2017, |
Note 2 - Loan Portfolio
Note 2 - Loan Portfolio | 3 Months Ended |
Mar. 31, 2018 | |
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. March 31, 2018 December 31, 2017 Real estate construction $ 32,081 $ 34,694 Consumer real estate 167,428 166,965 Commercial real estate 333,365 340,414 Commercial non real estate 42,076 40,518 Public sector and IDA 51,091 51,443 Consumer non real estate 33,211 34,648 Gross loans 659,252 668,682 Less unearned income and deferred fees and costs (589 ) (613 ) Loans, net of unearned income and deferred fees and costs $ 658,663 $ 668,069 |
Note 3 - Allowance for Loan Los
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans | 3 Months Ended |
Mar. 31, 2018 | |
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 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 not not six may 1: Troubled debt restructurings 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’s allowance methodology for collectively-evaluated loans applies historical loss rates by class to current class balances as part of the process of determining required reserves. 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 Two 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, risk factors pertinent to credit risk for each class are analyzed 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, unemployment levels, bankruptcy rates, interest rate environment, and competition/legal/regulatory environments. Factors analyzed for each class, with resultant allocations based upon the level of risk assessed for each class, include the risk from changes in loan review, 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 Note 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 Three Months Ended March 31, 2018 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, 2017 $ 337 $ 2,027 $ 3,044 $ 1,072 $ 419 $ 707 $ 319 $ 7,925 Charge-offs --- --- --- --- --- (139 ) --- (139 ) Recoveries --- --- 12 7 --- 58 --- 77 Provision for (recovery of) loan losses (42 ) (98 ) (266 ) (163 ) 13 54 30 (472 ) Balance, March 31 , 201 8 $ 295 $ 1,929 $ 2,790 $ 916 $ 432 $ 680 $ 349 $ 7,391 A ctivity in the Allowance for Loan Losses for the Three Months Ended March 31, 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 --- --- (30 ) --- --- (113 ) --- (143 ) Recoveries --- --- 12 4 --- 29 --- 45 Provision for (recovery of) loan losses (61 ) (84 ) (103 ) 75 87 56 89 59 Balance, March 31, 2017 $ 377 $ 1,746 $ 3,617 $ 1,142 $ 417 $ 616 $ 346 $ 8,261 A ctivity in the Allowance for Loan Losses for the Year Ended December 31, 201 7 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 ) (139 ) (82 ) --- (452 ) --- (819 ) Recoveries --- 1 131 23 --- 132 --- 287 Provision for (recovery of) loan losses (101 ) 342 (686 ) 68 89 383 62 157 Balance, December 31 , 201 7 $ 337 $ 2,027 $ 3,044 $ 1,072 $ 419 $ 707 $ 319 $ 7,925 Allowance for Loan Losses as of March 31, 2018 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 $ --- $ 15 $ --- $ 153 $ --- $ 1 $ --- $ 169 Collectively evaluated for impairment 295 1,914 2,790 763 432 679 349 7,222 Total $ 295 $ 1,929 $ 2,790 $ 916 $ 432 $ 680 $ 349 $ 7,391 Allowance for Loan Losses as of December 31, 201 7 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 $ --- $ 16 $ --- $ 160 $ --- $ 1 $ --- $ 177 Collectively evaluated for impairment 337 2,011 3,044 912 419 706 319 7,748 Total $ 337 $ 2,027 $ 3,044 $ 1,072 $ 419 $ 707 $ 319 $ 7,925 Loans as of March 31, 2018 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 $ 2,817 $ 1,155 $ 6,479 $ 1,203 $ --- $ 27 $ --- $ 11,681 Collectively evaluated for impairment 29,264 166,273 326,886 40,873 51,091 33,184 --- 647,571 Total $ 32,081 $ 167,428 $ 333,365 $ 42,076 $ 51,091 $ 33,211 $ --- $ 659,252 Loans as of December 31, 201 7 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 $ 2,882 $ 1,267 $ 6,516 $ 1,229 $ --- $ 30 $ --- $ 11,924 Collectively evaluated for impairment 31,812 165,698 333,898 39,289 51,443 34,618 --- 656,758 Total $ 34,694 $ 166,965 $ 340,414 $ 40,518 $ 51,443 $ 34,648 $ --- $ 668,682 A summary of ratios for the allowance for loan losses follows. As of and for the Three Months Ended March 31, Year E nded December 31, 2018 2017 2017 Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs 1.12 % 1.27 % 1.19 % Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs (1) 0.04 % 0.06 % 0.08 % ( 1 Net charge-offs are on an annualized basis. A summary of nonperforming assets follows. March 31, December 31, 2018 2017 2017 Nonperforming assets: Nonaccrual loans $ 6 $ 1,040 $ 6 Restructured loans in nonaccrual 2,758 4,640 2,763 Total nonperforming loans 2,764 5,680 2,769 Other real estate owned, net 2,741 2,952 2,817 Total nonperforming assets $ 5,505 $ 8,632 $ 5,586 Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned 0.83 % 1.32 % 0.83 % Ratio of allowance for loan losses to nonperforming loans ( 1 ) 267.40 % 145.44 % 286.20 % ( 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 March 31, December 31, 2018 2017 2017 Loans past due 90 days or more and still accruing $ 52 $ 63 $ 51 Ratio of loans past due 90 days or more and still accruing to loans, net of unearned income and deferred fees and costs 0.01 % 0.01 % 0.01 % Accruing restructured loans $ 7,890 $ 3,747 $ 5,134 Impaired loans: Impaired loans with no valuation allowance $ 10,233 $ 8,172 $ 10,444 Impaired loans with a valuation allowance 1,448 894 1,480 Total impaired loans $ 11,681 $ 9,066 $ 11,924 Valuation allowance (169 ) (25 ) (177 ) Impaired loans, net of allowance $ 11,512 $ 9,041 $ 11,747 Average recorded investment in impaired loans (1) $ 11,754 $ 9,123 $ 13,344 Interest income recognized on impaired loans, after designation as impaired $ 120 $ 67 $ 528 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 three March 31, 2018 March 31, 2017 December 31, 2017. A detailed analysis of investment in impaired loans, associated reserves and interest income recognized, segregated by loan class follows. Impaired Loans as of March 31, 2018 Principal Balance Total Recorded Investment (1) Recorded Investment (1 ) Recorded Investment (1) Related Allowance Real Estate Construction (2) Construction, other $ 2,817 $ 2,817 $ 2,817 $ --- $ --- Co nsumer Real Estate (2) Residential closed-end first liens 706 664 487 177 10 Residential closed-end junior liens 168 168 --- 168 5 Investor-owned residential real estate 344 323 323 --- --- Commercial Real Estate (2) Multifamily 300 300 300 --- --- Commercial real estate, owner-occupied 3,586 3,577 3,577 --- --- Commercial real estate, other 2,921 2,602 2,602 --- --- Commercial Non Real Estate (2) Commercial and industrial 1,211 1,203 123 1,080 153 Consumer Non Real Estate (2) Automobile 27 27 4 23 1 Total $ 12,080 $ 11,681 $ 10,233 $ 1,448 $ 169 ( 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, 2017 Principal Balance Total Recorded Investment (1) Recorded Investment (1) Related Allowance Recorded Investment (1) Related Allowance Real Estate Construction (2) Construction 1-4 family residential $ 2,882 $ 2,882 $ 2,882 $ --- $ --- Co nsumer Real Estate (2) Residential closed-end first liens 807 768 590 178 10 Residential closed-end junior liens 174 174 --- 174 6 Investor-owned residential real estate 347 325 325 --- --- Commercial Real Estate (2) Multifamily real estate 303 303 303 --- --- Commercial real estate, owner occupied 3,619 3,611 3,611 --- --- Commercial real estate, other 2,921 2,602 2,602 --- --- Commercial Non Real Estate (2) Commercial and industrial 1,236 1,229 126 1,103 160 Consumer Non Real Estate (2) Automobile 30 30 5 25 1 Total $ 12,319 $ 11,924 $ 10,444 $ 1,480 $ 177 ( 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 Three Months Ended March 31, 2018 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 839 $ 38 Co nsumer Real Estate (2) Residential closed-end first liens 3,387 10 Residential closed-end junior liens 253 3 Investor-owned residential real estate 323 4 Commercial Real Estate (2) Multifamily real estate 372 4 Commercial real estate, owner occupied 2,648 50 Commercial real estate, other 2,384 --- Commercial Non Real Estate (2) Commercial and industrial 939 11 Consumer Non Real Estate (2) Automobile 609 --- Total $ 11,754 $ 120 ( 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 Three Months Ended March 31, 2017 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 267 $ 3 Co nsumer Real Estate (2) Residential closed-end first liens 606 9 Residential closed-end junior liens 193 3 Investor-owned residential real estate 73 1 Commercial Real Estate (2) Multifamily real estate 1,091 --- Commercial real estate, owner occupied 3,945 32 Commercial real estate, other 2,708 17 Commercial Non Real Estate (2) Commercial and industrial 237 2 Consumer Non Real Estate Automobile 3 --- Total $ 9,123 $ 67 ( 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, 2017 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 3,298 $ 177 Consumer Real Estate (2) Residential closed-end first liens 781 57 Residential closed-end junior liens 185 11 Investor-owned residential real estate 329 1 Commercial Real Estate (2) Multifamily real estate 748 16 Commercial real estate, owner occupied 4,047 200 Commercial real estate, other 2,638 --- Commercial Non Real Estate (2) Commercial and industrial 1,282 64 Co nsumer Non Real Estate (2) Automobile 36 2 Total $ 13,344 $ 528 ( 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 An analysis of past due and nonaccrual loans March 31, 2018 30 – 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 780 --- --- 142 Residential closed-end junior liens 168 --- --- --- Investor-owned residential real estate --- 5 --- 6 Commercial Real Estate (1) Multifamily real estate 498 --- --- --- Commercial real estate, owner-occupied 394 --- --- --- Commercial real estate, other --- 2,602 --- 2,602 Commercial Non Real Estate (1) Commercial and industrial 260 20 20 13 Consumer Non Real Estate (1) Credit cards 7 11 11 --- Automobile 322 1 1 1 Other consumer loans 73 20 20 --- Total $ 2,502 $ 2,659 $ 52 $ 2,764 ( 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, 2017 30 – 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 637 16 11 145 Residential closed-end junior liens 188 --- --- --- Investor-owned residential real estate 66 --- --- 6 Commercial Real Estate (1) Multifamily real estate 303 --- --- --- Commercial real estate, owner occupied 402 --- --- --- Commercial real estate, other --- 2,602 --- 2,602 Commercial Non Real Estate (1) Commercial and industrial 131 --- --- 15 Consumer Non Real Estate (1) Credit cards 7 12 12 --- Automobile 375 22 22 1 Other consumer loans 154 6 6 --- Total $ 2,263 $ 2,658 $ 51 $ 2,769 ( 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 March 31, 2018 December 31, 2017. The following displays collectively-evaluated loans by credit quality indicator. March 31, 2018 Pass Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 9,367 $ --- $ --- Construction, other 19,897 --- --- Consumer Real Estate Equity lines 16,560 39 --- Closed-end first liens 84,519 2,379 866 Closed-end junior liens 4,455 27 10 Investor-owned residential real estate 56,957 275 186 Commercial Real Estate Multifamily residential real estate 87,412 126 198 Commercial real estate owner-occupied 131,800 245 752 Commercial real estate, other 106,353 --- --- Commercial Non Real Estate Commercial and industrial 40,447 257 169 Public Sector and IDA States and political subdivisions 51,091 --- --- Consumer Non Real Estate Credit cards 5,328 --- --- Automobile 15,590 242 175 Other consumer 11,772 50 27 Total $ 641,548 $ 3,640 $ 2,383 ( 1 Excludes impaired, if any. The following displays collectively-evaluated loans by credit quality indicator. December 31, 201 7 Pass Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 10,396 $ --- $ --- Construction, other 21,416 --- --- Consumer Real Estate Equity lines 16,673 39 --- Closed-end first liens 85,975 2,400 355 Closed-end junior liens 4,483 29 12 Investor-owned residential real estate 55,410 66 256 Commercial Real Estate Multifamily residential real estate 95,894 127 --- Commercial real estate owner-occupied 130,256 246 763 Commercial real estate, other 106,612 --- --- Commercial Non Real Estate Commercial and industrial 38,904 220 165 Public Sector and IDA States and political subdivisions 51,443 --- --- Consumer Non Real Estate Credit cards 5,493 --- --- Automobile 16,059 218 116 Other consumer 12,692 16 24 Total $ 651,706 $ 3,361 $ 1,691 ( 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 Troubled Debt Restructurings From time to time the Company modifies loans in troubled debt restructurings. Total troubled debt restructurings amounted to $10,648 March 31, 2018, $7,897 December 31, 2017, $8,387 March 31, 2017. The following table present restructurings by class that occurred during the three March 31, 2018. Restructurings That Occurred During the Three Months Ended March 31, 2018 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Real Estate Construction Construction, other 2 $ 2,882 $ 2,882 Total 2 $ 2,882 $ 2,882 Each of the restructurings completed during the three March 31, 2018 two not The Company did not three March 31, 2017. The Company analyzed its TDR portfolio for loans that defaulted during the three March 31, 2018 March 31, 2017, 12 one 90 three March 31, 2018 March 31, 2017, none 12 |
Note 4 - Securities
Note 4 - Securities | 3 Months Ended |
Mar. 31, 2018 | |
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. March 31, 2018 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 322,585 $ 393 $ 8,089 $ 314,889 States and political subdivisions 16,101 69 392 15,778 Mortgage-backed securities 558 50 --- 608 Corporate debt securities 6,016 42 122 5,936 Total securities available for sale $ 345,260 $ 554 $ 8,603 $ 337,211 December 31, 2017 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 312,604 $ 609 $ 5,494 $ 307,719 States and political subdivisions 16,853 100 119 16,834 Mortgage-backed securities 602 57 --- 659 Corporate debt securities 6,016 188 29 6,175 Total securities available for sale $ 336,075 $ 954 $ 5,642 $ 331,387 The amortized cost and fair value of single maturity securities available for sale at March 31, 2018, may may March 31, 2018 Amortized Cost Fair Value Available for S ale: Due in one year or less $ 47,263 $ 46,985 Due after one year through five years 181,571 176,935 Due after give years through ten years 78,203 75,727 Due after ten years 38,223 37,564 Total securities available for sale $ 345,260 $ 337,211 The amortized costs, gross unrealized gains, gross unrealized losses and fair values for securities held to maturity by major security type are as follows. March 31, 2018 Amortized Gross Gross Fair Held to M aturity: U.S. Government agencies and corporations $ 3,934 $ 99 $ 1 $ 4,032 States and political subdivisions 117,791 2,184 649 119,326 Mortgage-backed securities 196 18 --- 214 Corporate debt securities 984 --- 7 977 Total securities held to maturity $ 122,905 $ 2,301 $ 657 $ 124,549 December 31, 2017 Amortized Gross Gross Fair Held to M aturity: U.S. Government agencies and corporations $ 3,934 $ 167 $ --- $ 4,101 States and political subdivisions 122,039 2,929 173 124,795 Mortgage-backed securities 209 21 --- 230 Corporate debt securities 982 5 --- 987 Total securities held to maturity $ 127,164 $ 3,122 $ 173 $ 130,113 The amortized cost and fair value of single maturity securities held to maturity at March 31, 2018, may may March 31, 2018 Amortized Cost Fair Value Held to maturity : Due in one year or less $ 12,536 $ 12,714 Due after one year through five years 21,962 22,712 Due after give years through ten years 27,323 27,869 Due after ten years 61,084 61,254 Total securities held to maturity $ 122,905 $ 124,549 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. March 31, 2018 Less Than 12 Months 12 Months or More Fair Unrealized Fair Unrealized Temporarily I mpaired S ecurities: U.S. Government agencies and corporations $ 76,276 $ 1,987 $ 226,261 $ 6,103 States and political subdivisions 29,753 843 2,889 198 Corporate debt securities 4,970 61 909 68 Total $ 110,999 $ 2,891 $ 230,059 $ 6,369 December 31, 2017 Less Than 12 Months 12 Months or More Fair Unrealized Fair Unrealized Temporarily I mpaired S ecurities: U.S. Government agencies and corporations $ 68,380 $ 871 $ 225,738 $ 4,623 States and political subdivisions 18,688 194 2,989 98 Corporate debt securities --- --- 948 29 Total $ 87,068 $ 1,065 $ 229,675 $ 4,750 The Company had 377 $341,058 March 31, 2018. $9,260. 238 $230,059 $6,369 twelve March 31, 2018 U.S. Government agencies $6,103 233 $226,261. not not not may not States and political subdivisions. $198 4 $2,889 12 not not not not may not Corporate debt securities . $68 one $909 not not not not may not Restricted stock. $1,221 March 31, 2018 $1,200 December 31, 2017. not Redemption of FHLB stock is subject to certain limitations and conditions. At its discretion, the FHLB may $488,193 March 31, 2018. March 31, 2018, 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 | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 5 : Recent Accounting Pronouncements In February 2016, No. 2016 02, 842 2016 02, 1 2 606, December 15, 2018, not may not 2016 02 six one three In June 2016, No. 2016 13, 326 December 15, 2019. 2016 13 In January 2017, No. 2017 04, 350 2 2 December 15, 2019. January 1, 2017. not 2017 04 In March 2017, 2017‐08, 310‐20 December 15, 2018, 2017‐08 In August 2017, 2017 12, 815 December 15, 2018. 2017‐12 In February 2018, 2018 03, 825 10 December 15, 2017, June 15, 2018. not 2018 03 |
Note 6 - Defined Benefit Plan
Note 6 - Defined Benefit Plan | 3 Months Ended |
Mar. 31, 2018 | |
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 Three Months Ended March 31, 2018 2017 Service cost $ 217 $ 173 Interest cost 200 186 Expected return on plan assets (400 ) (274 ) Amortization of prior service cost (27 ) (27 ) Recognized net actuarial loss 146 135 Net periodic benefit cost $ 136 $ 193 The service cost component of net periodic benefit cost is included in salaries and employee benefits expense. All other components are included in other noninterest expense. 201 8 Plan Year Employer Contribution For the three March 31, 2018, not |
Note 7 - Fair Value Measurement
Note 7 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 7 : Fair Value Measurements The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no not may not may not 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 are involved to determine the fair value of financial 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 financial 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 The following tables present the balances of financial assets measured at fair value on a recurring basis as of March 31, 2018 December 31, 2017. Fair Value Measurements at March 31, 2018 Using Description Balance as of Quoted Prices Significant Significant U.S. Government agencies and corporations $ 314,889 $ --- $ 314,889 $ --- States and political subdivisions 15,778 --- 15,778 --- Mortgage-backed securities 608 --- 608 --- Corporate debt securities 5,936 --- 5,936 --- Total securities available for sale $ 337,211 $ --- $ 337,211 $ --- Fair Value Measurements at December 31, 2017 Using Description Balance as of Quoted Prices Significant Significant U.S. Government agencies and corporations $ 307,719 $ --- $ 307,719 $ --- States and political subdivisions 16,834 --- 16,834 --- Mortgage-backed securities 659 --- 659 --- Corporate debt securities 6,175 --- 6,175 --- Total securities available for sale $ 331,387 $ --- $ 331,387 $ --- 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 market value. These loans currently consist of one four not 2 No March 31, 2018 December 31, 2017. 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 $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 The following table summarizes the Company’s impaired loans that were measured at fair value on a nonrecurring basis at March 31, 2018 December 31, 2017. Carrying Value Date Description Balance Quoted Prices Significant Significant Assets: March 31, 2018 Impaired loans net of valuation allowance $ 1,279 $ --- $ --- $ 1,279 December 31, 2017 Impaired loans net of valuation allowance 1,303 --- --- 1,303 The following tables present information about Level 3 March 31, 2018 December 31, 2017. Impaired Loans Valuation Technique Unobservable Input Range (Weighted Average) March 31, 2018 Present value of cash flows Discount rate 5.50% – 13.25% (5.92%) December 31, 2017 Present value of cash flows Discount rate 5.50% – 13.25% (5.92%) Other Real Estate Owned Certain assets such as other real estate owned (OREO) are measured at fair value less cost to sell. Valuation of other real estate owned is determined using current appraisals from independent parties, a level two 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 Significant Significant Assets: March 31, 2018 Other real estate owned net of valuation allowance $ 2,741 $ 2,741 December 31, 2017 Other real estate owned net of valuation allowance 2,817 --- --- 2,817 The following tables present information about Level 3 March 31, 2018 December 31, 2017. March 31, 2018 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 5.00% – 6.01% (5.14%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 1.68% – 86.03% (13.35%) December 31, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 2.00% – 6.01% (4.72%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 1.68% – 68.33% (11.07%) The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of March 31, 2018 December 31, 2017. no March 31, 2018 2016 01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” December 31, 2017 not March 31, 2018 Carrying Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Financial Assets: Cash and due from banks $ 10,598 $ 10,598 $ --- $ --- Interest-bearing deposits 76,571 76,571 --- --- Securities 460,116 --- 461,760 --- Restricted securities 1,221 --- 1,221 --- Loans, net 651,272 --- --- 648,273 Accrued interest receivable 5,360 --- 5,360 --- Bank-owned life insurance 33,984 --- 33,984 --- Financial Liabilities: Deposits $ 1,072,940 $ --- $ 961,305 $ 111,627 Accrued interest payable 55 --- 55 --- The following table presents the Company’s financial instruments as of December 31, 2017. December 31, 201 7 Carrying Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Financial Assets: Cash and due from banks $ 12,926 $ 12,926 $ --- $ --- Interest-bearing deposits 51,233 51,233 --- --- Securities 458,551 --- 461,500 --- Restricted securities 1,200 --- 1,200 --- Loans held for sale 260 --- 260 --- Loans, net 660,144 --- --- 656,399 Accrued interest receivable 5,297 --- 5,297 --- Bank-owned life insurance 33,756 --- 33,756 --- Financial Liabilities: Deposits $ 1,059,734 $ --- $ 944,850 $ 113,053 Accrued interest payable 62 --- 62 --- |
Note 8 - Components of Accumula
Note 8 - Components of Accumulated Other Comprehensive Loss | 3 Months Ended |
Mar. 31, 2018 | |
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 6 $ (3,588 ) $ (5,071 ) $ (8,659 ) Unrealized holding gain on available for sale securities, net of tax of $580 1,075 --- 1,075 Balance at March 31, 2017 $ (2,513 ) $ (5,071 ) $ (7,584 ) Balance at December 31, 201 7 $ (3,704 ) $ (5,991 ) $ (9,695 ) Unrealized holding gain on available for sale securities net of tax of ($706) (2,655 ) --- (2,655 ) Balance at March 31, 2018 $ (6,359 ) $ (5,991 ) $ (12,350 ) |
Note 9 - Revenue Recognition
Note 9 - Revenue Recognition | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 9: Revenue Recognition On January 1, 2018, No. 2014 09 606 606. 1 not January 1, 2018 606. Topic 606 not not 606 not 606. 606 Service Charges on Deposit Accounts Service charges on deposit accounts consist of monthly service fees, overdraft and nonsufficient funds fees, ATM fees, wire transfer fees, and other deposit account related fees. The Company’s performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Wire transfer fees, overdraft and nonsufficient funds fees and other deposit account related fees are transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Other Service Charges Other service charges include safety deposit box rental fees, check ordering charges, and other service charges. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that since rentals and renewals occur fairly consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Check ordering charges are transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Credit and Debit Card Fees Credit and debit card fees are primarily comprised of interchange fee income and merchant services income. Interchange fees are earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. The Company’s performance obligation for interchange fee income and merchant services income are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. In compliance with Topic 606, Trust Income Trust income is primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month end through a direct charge to customers’ accounts. The Company does not Insurance and Investment Insurance income primarily consists of commissions received on insurance product sales. The Company acts as an intermediary between the Company’s customer and the insurance carrier. The Company’s performance obligation is generally satisfied upon the issuance of the insurance policy. Shortly after the insurance policy is issued, the carrier remits the commission payment to the Company, and the Company recognizes the revenue. Investment income consists of recurring revenue streams such as commissions from sales of mutual funds and other investments. Commissions from the sale of mutual funds and other investments are recognized on trade date, which is when the Company has satisfied its performance obligation. The Company also receives periodic service fees (i.e., trailers) from mutual fund companies typically based on a percentage of net asset value. Trailer revenue is recorded over time, usually monthly or quarterly, as net asset value is determined. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, three March 31, 2018 2017. March 31, March 31, 2018 2017 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 670 $ 665 Other service charges and fees 33 69 Credit and debit card fees 344 244 Trust income 402 401 Insurance and Investment (included within Other Income on the Consolidated Statements of Income) 91 80 Noninterest Income (in-scope of Topic 606) $ 1,540 $ 1,459 Noninterest Income (out-of-scope of Topic 606) 483 391 Total noninterest income $ 2,023 $ 1,850 |
Note 2 - Loan Portfolio (Tables
Note 2 - Loan Portfolio (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, 2018 December 31, 2017 Real estate construction $ 32,081 $ 34,694 Consumer real estate 167,428 166,965 Commercial real estate 333,365 340,414 Commercial non real estate 42,076 40,518 Public sector and IDA 51,091 51,443 Consumer non real estate 33,211 34,648 Gross loans 659,252 668,682 Less unearned income and deferred fees and costs (589 ) (613 ) Loans, net of unearned income and deferred fees and costs $ 658,663 $ 668,069 |
Note 3 - Allowance for Loan L20
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | A ctivity in the Allowance for Loan Losses for the Three Months Ended March 31, 2018 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, 2017 $ 337 $ 2,027 $ 3,044 $ 1,072 $ 419 $ 707 $ 319 $ 7,925 Charge-offs --- --- --- --- --- (139 ) --- (139 ) Recoveries --- --- 12 7 --- 58 --- 77 Provision for (recovery of) loan losses (42 ) (98 ) (266 ) (163 ) 13 54 30 (472 ) Balance, March 31 , 201 8 $ 295 $ 1,929 $ 2,790 $ 916 $ 432 $ 680 $ 349 $ 7,391 A ctivity in the Allowance for Loan Losses for the Three Months Ended March 31, 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 --- --- (30 ) --- --- (113 ) --- (143 ) Recoveries --- --- 12 4 --- 29 --- 45 Provision for (recovery of) loan losses (61 ) (84 ) (103 ) 75 87 56 89 59 Balance, March 31, 2017 $ 377 $ 1,746 $ 3,617 $ 1,142 $ 417 $ 616 $ 346 $ 8,261 A ctivity in the Allowance for Loan Losses for the Year Ended December 31, 201 7 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 ) (139 ) (82 ) --- (452 ) --- (819 ) Recoveries --- 1 131 23 --- 132 --- 287 Provision for (recovery of) loan losses (101 ) 342 (686 ) 68 89 383 62 157 Balance, December 31 , 201 7 $ 337 $ 2,027 $ 3,044 $ 1,072 $ 419 $ 707 $ 319 $ 7,925 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | Allowance for Loan Losses as of March 31, 2018 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 $ --- $ 15 $ --- $ 153 $ --- $ 1 $ --- $ 169 Collectively evaluated for impairment 295 1,914 2,790 763 432 679 349 7,222 Total $ 295 $ 1,929 $ 2,790 $ 916 $ 432 $ 680 $ 349 $ 7,391 Allowance for Loan Losses as of December 31, 201 7 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 $ --- $ 16 $ --- $ 160 $ --- $ 1 $ --- $ 177 Collectively evaluated for impairment 337 2,011 3,044 912 419 706 319 7,748 Total $ 337 $ 2,027 $ 3,044 $ 1,072 $ 419 $ 707 $ 319 $ 7,925 Loans as of March 31, 2018 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 $ 2,817 $ 1,155 $ 6,479 $ 1,203 $ --- $ 27 $ --- $ 11,681 Collectively evaluated for impairment 29,264 166,273 326,886 40,873 51,091 33,184 --- 647,571 Total $ 32,081 $ 167,428 $ 333,365 $ 42,076 $ 51,091 $ 33,211 $ --- $ 659,252 Loans as of December 31, 201 7 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 $ 2,882 $ 1,267 $ 6,516 $ 1,229 $ --- $ 30 $ --- $ 11,924 Collectively evaluated for impairment 31,812 165,698 333,898 39,289 51,443 34,618 --- 656,758 Total $ 34,694 $ 166,965 $ 340,414 $ 40,518 $ 51,443 $ 34,648 $ --- $ 668,682 |
Schedule of Ratios for Allowance for Loan Losses [Table Text Block] | As of and for the Three Months Ended March 31, Year E nded December 31, 2018 2017 2017 Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs 1.12 % 1.27 % 1.19 % Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs (1) 0.04 % 0.06 % 0.08 % |
Schedule of Nonperforming Assets [Table Text Block] | March 31, December 31, 2018 2017 2017 Nonperforming assets: Nonaccrual loans $ 6 $ 1,040 $ 6 Restructured loans in nonaccrual 2,758 4,640 2,763 Total nonperforming loans 2,764 5,680 2,769 Other real estate owned, net 2,741 2,952 2,817 Total nonperforming assets $ 5,505 $ 8,632 $ 5,586 Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned 0.83 % 1.32 % 0.83 % Ratio of allowance for loan losses to nonperforming loans ( 1 ) 267.40 % 145.44 % 286.20 % |
Summary of Past Due 90 Days Loans or More and Impaired Loans [Table Text Block] | March 31, December 31, 2018 2017 2017 Loans past due 90 days or more and still accruing $ 52 $ 63 $ 51 Ratio of loans past due 90 days or more and still accruing to loans, net of unearned income and deferred fees and costs 0.01 % 0.01 % 0.01 % Accruing restructured loans $ 7,890 $ 3,747 $ 5,134 Impaired loans: Impaired loans with no valuation allowance $ 10,233 $ 8,172 $ 10,444 Impaired loans with a valuation allowance 1,448 894 1,480 Total impaired loans $ 11,681 $ 9,066 $ 11,924 Valuation allowance (169 ) (25 ) (177 ) Impaired loans, net of allowance $ 11,512 $ 9,041 $ 11,747 Average recorded investment in impaired loans (1) $ 11,754 $ 9,123 $ 13,344 Interest income recognized on impaired loans, after designation as impaired $ 120 $ 67 $ 528 Amount of income recognized on a cash basis $ --- $ --- $ --- |
Impaired Financing Receivables [Table Text Block] | Impaired Loans as of March 31, 2018 Principal Balance Total Recorded Investment (1) Recorded Investment (1 ) Recorded Investment (1) Related Allowance Real Estate Construction (2) Construction, other $ 2,817 $ 2,817 $ 2,817 $ --- $ --- Co nsumer Real Estate (2) Residential closed-end first liens 706 664 487 177 10 Residential closed-end junior liens 168 168 --- 168 5 Investor-owned residential real estate 344 323 323 --- --- Commercial Real Estate (2) Multifamily 300 300 300 --- --- Commercial real estate, owner-occupied 3,586 3,577 3,577 --- --- Commercial real estate, other 2,921 2,602 2,602 --- --- Commercial Non Real Estate (2) Commercial and industrial 1,211 1,203 123 1,080 153 Consumer Non Real Estate (2) Automobile 27 27 4 23 1 Total $ 12,080 $ 11,681 $ 10,233 $ 1,448 $ 169 Impaired Loans as of December 31, 2017 Principal Balance Total Recorded Investment (1) Recorded Investment (1) Related Allowance Recorded Investment (1) Related Allowance Real Estate Construction (2) Construction 1-4 family residential $ 2,882 $ 2,882 $ 2,882 $ --- $ --- Co nsumer Real Estate (2) Residential closed-end first liens 807 768 590 178 10 Residential closed-end junior liens 174 174 --- 174 6 Investor-owned residential real estate 347 325 325 --- --- Commercial Real Estate (2) Multifamily real estate 303 303 303 --- --- Commercial real estate, owner occupied 3,619 3,611 3,611 --- --- Commercial real estate, other 2,921 2,602 2,602 --- --- Commercial Non Real Estate (2) Commercial and industrial 1,236 1,229 126 1,103 160 Consumer Non Real Estate (2) Automobile 30 30 5 25 1 Total $ 12,319 $ 11,924 $ 10,444 $ 1,480 $ 177 |
Impaired Financing Receivable Average Investment And Interest Income [Table Text Block] | For the Three Months Ended March 31, 2018 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 839 $ 38 Co nsumer Real Estate (2) Residential closed-end first liens 3,387 10 Residential closed-end junior liens 253 3 Investor-owned residential real estate 323 4 Commercial Real Estate (2) Multifamily real estate 372 4 Commercial real estate, owner occupied 2,648 50 Commercial real estate, other 2,384 --- Commercial Non Real Estate (2) Commercial and industrial 939 11 Consumer Non Real Estate (2) Automobile 609 --- Total $ 11,754 $ 120 For the Three Months Ended March 31, 2017 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 267 $ 3 Co nsumer Real Estate (2) Residential closed-end first liens 606 9 Residential closed-end junior liens 193 3 Investor-owned residential real estate 73 1 Commercial Real Estate (2) Multifamily real estate 1,091 --- Commercial real estate, owner occupied 3,945 32 Commercial real estate, other 2,708 17 Commercial Non Real Estate (2) Commercial and industrial 237 2 Consumer Non Real Estate Automobile 3 --- Total $ 9,123 $ 67 For the Year Ended December 31, 2017 Average Recorded Investment (1) Interest Income Recognized Real Estate Construction (2) Construction 1-4 family residential $ 3,298 $ 177 Consumer Real Estate (2) Residential closed-end first liens 781 57 Residential closed-end junior liens 185 11 Investor-owned residential real estate 329 1 Commercial Real Estate (2) Multifamily real estate 748 16 Commercial real estate, owner occupied 4,047 200 Commercial real estate, other 2,638 --- Commercial Non Real Estate (2) Commercial and industrial 1,282 64 Co nsumer Non Real Estate (2) Automobile 36 2 Total $ 13,344 $ 528 |
Past Due Financing Receivables [Table Text Block] | March 31, 2018 30 – 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 780 --- --- 142 Residential closed-end junior liens 168 --- --- --- Investor-owned residential real estate --- 5 --- 6 Commercial Real Estate (1) Multifamily real estate 498 --- --- --- Commercial real estate, owner-occupied 394 --- --- --- Commercial real estate, other --- 2,602 --- 2,602 Commercial Non Real Estate (1) Commercial and industrial 260 20 20 13 Consumer Non Real Estate (1) Credit cards 7 11 11 --- Automobile 322 1 1 1 Other consumer loans 73 20 20 --- Total $ 2,502 $ 2,659 $ 52 $ 2,764 December 31, 2017 30 – 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 637 16 11 145 Residential closed-end junior liens 188 --- --- --- Investor-owned residential real estate 66 --- --- 6 Commercial Real Estate (1) Multifamily real estate 303 --- --- --- Commercial real estate, owner occupied 402 --- --- --- Commercial real estate, other --- 2,602 --- 2,602 Commercial Non Real Estate (1) Commercial and industrial 131 --- --- 15 Consumer Non Real Estate (1) Credit cards 7 12 12 --- Automobile 375 22 22 1 Other consumer loans 154 6 6 --- Total $ 2,263 $ 2,658 $ 51 $ 2,769 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2018 Pass Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 9,367 $ --- $ --- Construction, other 19,897 --- --- Consumer Real Estate Equity lines 16,560 39 --- Closed-end first liens 84,519 2,379 866 Closed-end junior liens 4,455 27 10 Investor-owned residential real estate 56,957 275 186 Commercial Real Estate Multifamily residential real estate 87,412 126 198 Commercial real estate owner-occupied 131,800 245 752 Commercial real estate, other 106,353 --- --- Commercial Non Real Estate Commercial and industrial 40,447 257 169 Public Sector and IDA States and political subdivisions 51,091 --- --- Consumer Non Real Estate Credit cards 5,328 --- --- Automobile 15,590 242 175 Other consumer 11,772 50 27 Total $ 641,548 $ 3,640 $ 2,383 December 31, 201 7 Pass Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 10,396 $ --- $ --- Construction, other 21,416 --- --- Consumer Real Estate Equity lines 16,673 39 --- Closed-end first liens 85,975 2,400 355 Closed-end junior liens 4,483 29 12 Investor-owned residential real estate 55,410 66 256 Commercial Real Estate Multifamily residential real estate 95,894 127 --- Commercial real estate owner-occupied 130,256 246 763 Commercial real estate, other 106,612 --- --- Commercial Non Real Estate Commercial and industrial 38,904 220 165 Public Sector and IDA States and political subdivisions 51,443 --- --- Consumer Non Real Estate Credit cards 5,493 --- --- Automobile 16,059 218 116 Other consumer 12,692 16 24 Total $ 651,706 $ 3,361 $ 1,691 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Restructurings That Occurred During the Three Months Ended March 31, 2018 Number of Contracts Pre-Modification Outstanding Principal Balance Post-Modification Outstanding Principal Balance Real Estate Construction Construction, other 2 $ 2,882 $ 2,882 Total 2 $ 2,882 $ 2,882 |
Note 4 - Securities (Tables)
Note 4 - Securities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | March 31, 2018 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 322,585 $ 393 $ 8,089 $ 314,889 States and political subdivisions 16,101 69 392 15,778 Mortgage-backed securities 558 50 --- 608 Corporate debt securities 6,016 42 122 5,936 Total securities available for sale $ 345,260 $ 554 $ 8,603 $ 337,211 December 31, 2017 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 312,604 $ 609 $ 5,494 $ 307,719 States and political subdivisions 16,853 100 119 16,834 Mortgage-backed securities 602 57 --- 659 Corporate debt securities 6,016 188 29 6,175 Total securities available for sale $ 336,075 $ 954 $ 5,642 $ 331,387 |
Investments Classified by Contractual Maturity Date [Table Text Block] | March 31, 2018 Amortized Cost Fair Value Available for S ale: Due in one year or less $ 47,263 $ 46,985 Due after one year through five years 181,571 176,935 Due after give years through ten years 78,203 75,727 Due after ten years 38,223 37,564 Total securities available for sale $ 345,260 $ 337,211 March 31, 2018 Amortized Cost Fair Value Held to maturity : Due in one year or less $ 12,536 $ 12,714 Due after one year through five years 21,962 22,712 Due after give years through ten years 27,323 27,869 Due after ten years 61,084 61,254 Total securities held to maturity $ 122,905 $ 124,549 |
Debt Securities, Held-to-maturity [Table Text Block] | March 31, 2018 Amortized Gross Gross Fair Held to M aturity: U.S. Government agencies and corporations $ 3,934 $ 99 $ 1 $ 4,032 States and political subdivisions 117,791 2,184 649 119,326 Mortgage-backed securities 196 18 --- 214 Corporate debt securities 984 --- 7 977 Total securities held to maturity $ 122,905 $ 2,301 $ 657 $ 124,549 December 31, 2017 Amortized Gross Gross Fair Held to M aturity: U.S. Government agencies and corporations $ 3,934 $ 167 $ --- $ 4,101 States and political subdivisions 122,039 2,929 173 124,795 Mortgage-backed securities 209 21 --- 230 Corporate debt securities 982 5 --- 987 Total securities held to maturity $ 127,164 $ 3,122 $ 173 $ 130,113 |
Schedule of Temporary Impairment Losses, Investments [Table Text Block] | March 31, 2018 Less Than 12 Months 12 Months or More Fair Unrealized Fair Unrealized Temporarily I mpaired S ecurities: U.S. Government agencies and corporations $ 76,276 $ 1,987 $ 226,261 $ 6,103 States and political subdivisions 29,753 843 2,889 198 Corporate debt securities 4,970 61 909 68 Total $ 110,999 $ 2,891 $ 230,059 $ 6,369 December 31, 2017 Less Than 12 Months 12 Months or More Fair Unrealized Fair Unrealized Temporarily I mpaired S ecurities: U.S. Government agencies and corporations $ 68,380 $ 871 $ 225,738 $ 4,623 States and political subdivisions 18,688 194 2,989 98 Corporate debt securities --- --- 948 29 Total $ 87,068 $ 1,065 $ 229,675 $ 4,750 |
Note 6 - Defined Benefit Plan (
Note 6 - Defined Benefit Plan (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | Pension Benefits Three Months Ended March 31, 2018 2017 Service cost $ 217 $ 173 Interest cost 200 186 Expected return on plan assets (400 ) (274 ) Amortization of prior service cost (27 ) (27 ) Recognized net actuarial loss 146 135 Net periodic benefit cost $ 136 $ 193 |
Note 7 - Fair Value Measureme23
Note 7 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at March 31, 2018 Using Description Balance as of Quoted Prices Significant Significant U.S. Government agencies and corporations $ 314,889 $ --- $ 314,889 $ --- States and political subdivisions 15,778 --- 15,778 --- Mortgage-backed securities 608 --- 608 --- Corporate debt securities 5,936 --- 5,936 --- Total securities available for sale $ 337,211 $ --- $ 337,211 $ --- Fair Value Measurements at December 31, 2017 Using Description Balance as of Quoted Prices Significant Significant U.S. Government agencies and corporations $ 307,719 $ --- $ 307,719 $ --- States and political subdivisions 16,834 --- 16,834 --- Mortgage-backed securities 659 --- 659 --- Corporate debt securities 6,175 --- 6,175 --- Total securities available for sale $ 331,387 $ --- $ 331,387 $ --- |
Fair Value Measurements, Nonrecurring [Table Text Block] | Carrying Value Date Description Balance Quoted Prices Significant Significant Assets: March 31, 2018 Impaired loans net of valuation allowance $ 1,279 $ --- $ --- $ 1,279 December 31, 2017 Impaired loans net of valuation allowance 1,303 --- --- 1,303 Carrying Value Date Description Balance Quoted Prices Significant Significant Assets: March 31, 2018 Other real estate owned net of valuation allowance $ 2,741 $ 2,741 December 31, 2017 Other real estate owned net of valuation allowance 2,817 --- --- 2,817 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Impaired Loans Valuation Technique Unobservable Input Range (Weighted Average) March 31, 2018 Present value of cash flows Discount rate 5.50% – 13.25% (5.92%) December 31, 2017 Present value of cash flows Discount rate 5.50% – 13.25% (5.92%) March 31, 2018 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 5.00% – 6.01% (5.14%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 1.68% – 86.03% (13.35%) December 31, 2017 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 2.00% – 6.01% (4.72%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 1.68% – 68.33% (11.07%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2018 Carrying Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Financial Assets: Cash and due from banks $ 10,598 $ 10,598 $ --- $ --- Interest-bearing deposits 76,571 76,571 --- --- Securities 460,116 --- 461,760 --- Restricted securities 1,221 --- 1,221 --- Loans, net 651,272 --- --- 648,273 Accrued interest receivable 5,360 --- 5,360 --- Bank-owned life insurance 33,984 --- 33,984 --- Financial Liabilities: Deposits $ 1,072,940 $ --- $ 961,305 $ 111,627 Accrued interest payable 55 --- 55 --- December 31, 201 7 Carrying Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Financial Assets: Cash and due from banks $ 12,926 $ 12,926 $ --- $ --- Interest-bearing deposits 51,233 51,233 --- --- Securities 458,551 --- 461,500 --- Restricted securities 1,200 --- 1,200 --- Loans held for sale 260 --- 260 --- Loans, net 660,144 --- --- 656,399 Accrued interest receivable 5,297 --- 5,297 --- Bank-owned life insurance 33,756 --- 33,756 --- Financial Liabilities: Deposits $ 1,059,734 $ --- $ 944,850 $ 113,053 Accrued interest payable 62 --- 62 --- |
Note 8 - Components of Accumu24
Note 8 - Components of Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 6 $ (3,588 ) $ (5,071 ) $ (8,659 ) Unrealized holding gain on available for sale securities, net of tax of $580 1,075 --- 1,075 Balance at March 31, 2017 $ (2,513 ) $ (5,071 ) $ (7,584 ) Balance at December 31, 201 7 $ (3,704 ) $ (5,991 ) $ (9,695 ) Unrealized holding gain on available for sale securities net of tax of ($706) (2,655 ) --- (2,655 ) Balance at March 31, 2018 $ (6,359 ) $ (5,991 ) $ (12,350 ) |
Note 9 - Revenue Recognition (T
Note 9 - Revenue Recognition (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | March 31, March 31, 2018 2017 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 670 $ 665 Other service charges and fees 33 69 Credit and debit card fees 344 244 Trust income 402 401 Insurance and Investment (included within Other Income on the Consolidated Statements of Income) 91 80 Noninterest Income (in-scope of Topic 606) $ 1,540 $ 1,459 Noninterest Income (out-of-scope of Topic 606) 483 391 Total noninterest income $ 2,023 $ 1,850 |
Note 1 - General (Details Textu
Note 1 - General (Details Textual) $ in Thousands | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Accounting Standards Update 2014-09 [Member] | Period Ended March 31, 2017 [Member] | |
Prior Period Reclassification Adjustment | $ 654 |
Note 2 - Loan Portfolio - Loan
Note 2 - Loan Portfolio - Loan Portfolio, Excluding Loans Held for Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Gross loans | $ 659,252 | $ 668,682 |
Less unearned income and deferred fees and costs | (589) | (613) |
Loans, net of unearned income and deferred fees and costs | 658,663 | 668,069 |
Real Estate Construction Portfolio Segment[Member] | ||
Gross loans | 32,081 | 34,694 |
Consumer Real Estate Portfolio Segment [Member] | ||
Gross loans | 167,428 | 166,965 |
Commercial Real Estate Portfolio Segment [Member] | ||
Gross loans | 333,365 | 340,414 |
Commercial Portfolio Segment [Member] | ||
Gross loans | 42,076 | 40,518 |
Public Sector and IDA Portfolio Segment[Member] | ||
Gross loans | 51,091 | 51,443 |
Consumer Portfolio Segment [Member] | ||
Gross loans | $ 33,211 | $ 34,648 |
Note 3 - Allowance for Loan L28
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2017USD ($) | |
Threshold for Designation to Impaired Status | $ 250 | ||
Interest and Fee Income, Loans and Leases, Total | 7,532 | $ 7,453 | |
Financing Receivable, Reclassification to Held-for-sale | 0 | ||
Financing Receivable, Modifications, Recorded Investment | $ 10,648 | $ 8,387 | $ 7,897 |
Financing Receivable, Modifications, Number of Contracts | 2 | 0 | |
Allowance for Credit Losses, Change in Method of Calculating Impairment | $ 0 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [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, Total | $ 0 | $ 0 | $ 0 |
Note 3 - Allowance for Loan L29
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | |
Balance | $ 7,925 | $ 8,300 | $ 8,300 |
Charge-offs | (139) | (143) | (819) |
Recoveries | 77 | 45 | 287 |
Provision for (recovery of) loan losses | (472) | 59 | 157 |
Balance | 7,391 | 8,261 | 7,925 |
Real Estate Construction Portfolio Segment[Member] | |||
Balance | 337 | 438 | 438 |
Charge-offs | 0 | ||
Recoveries | 0 | 0 | 0 |
Provision for (recovery of) loan losses | (42) | (61) | (101) |
Balance | 295 | 377 | 337 |
Consumer Real Estate Portfolio Segment [Member] | |||
Balance | 2,027 | 1,830 | 1,830 |
Charge-offs | (146) | ||
Recoveries | 1 | ||
Provision for (recovery of) loan losses | (98) | (84) | 342 |
Balance | 1,929 | 1,746 | 2,027 |
Commercial Real Estate Portfolio Segment [Member] | |||
Balance | 3,044 | 3,738 | 3,738 |
Charge-offs | (30) | (139) | |
Recoveries | 12 | 12 | 131 |
Provision for (recovery of) loan losses | (266) | (103) | (686) |
Balance | 2,790 | 3,617 | 3,044 |
Commercial Non Real Estate Segment [Member] | |||
Balance | 1,072 | 1,063 | 1,063 |
Charge-offs | (82) | ||
Recoveries | 7 | 4 | 23 |
Provision for (recovery of) loan losses | (163) | 75 | 68 |
Balance | 916 | 1,142 | 1,072 |
Public Sector and IDA Portfolio Segment[Member] | |||
Balance | 419 | 330 | 330 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision for (recovery of) loan losses | 13 | 87 | 89 |
Balance | 432 | 417 | 419 |
Consumer Non Real Estate Portfolio Segment [Member] | |||
Balance | 707 | 644 | 644 |
Charge-offs | (139) | (113) | (452) |
Recoveries | 58 | 29 | 132 |
Provision for (recovery of) loan losses | 54 | 56 | 383 |
Balance | 680 | 616 | 707 |
Unallocated Financing Receivables [Member] | |||
Balance | 319 | 257 | 257 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision for (recovery of) loan losses | 30 | 89 | 62 |
Balance | $ 349 | $ 346 | $ 319 |
Note 3 - Allowance for Loan L30
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Loans and Allowance for Loan Losses by Evaluation Method (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Allowance for loan losses, individually evaluated for impairment | $ 169 | $ 177 | ||
Allowance for loan losses, collectively evaluated for impairment | 7,222 | 7,748 | ||
Allowance for loan losses | 7,391 | 7,925 | $ 8,261 | $ 8,300 |
Loans, individually evaluated for impairment | 11,681 | 11,924 | ||
Loans, collectively evaluated for impairment | 647,571 | 656,758 | ||
Loans | 659,252 | 668,682 | ||
Real Estate Construction Portfolio Segment[Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 295 | 337 | ||
Allowance for loan losses | 295 | 337 | 377 | 438 |
Loans, individually evaluated for impairment | 2,817 | 2,882 | ||
Loans, collectively evaluated for impairment | 29,264 | 31,812 | ||
Loans | 32,081 | 34,694 | ||
Consumer Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 15 | 16 | ||
Allowance for loan losses, collectively evaluated for impairment | 1,914 | 2,011 | ||
Allowance for loan losses | 1,929 | 2,027 | 1,746 | 1,830 |
Loans, individually evaluated for impairment | 1,155 | 1,267 | ||
Loans, collectively evaluated for impairment | 166,273 | 165,698 | ||
Loans | 167,428 | 166,965 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 2,790 | 3,044 | ||
Allowance for loan losses | 2,790 | 3,044 | 3,617 | 3,738 |
Loans, individually evaluated for impairment | 6,479 | 6,516 | ||
Loans, collectively evaluated for impairment | 326,886 | 333,898 | ||
Loans | 333,365 | 340,414 | ||
Commercial Non Real Estate Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 153 | 160 | ||
Allowance for loan losses, collectively evaluated for impairment | 763 | 912 | ||
Allowance for loan losses | 916 | 1,072 | 1,142 | 1,063 |
Loans, individually evaluated for impairment | 1,203 | 1,229 | ||
Loans, collectively evaluated for impairment | 40,873 | 39,289 | ||
Loans | 42,076 | 40,518 | ||
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 | 432 | 419 | ||
Allowance for loan losses | 432 | 419 | 417 | 330 |
Loans, individually evaluated for impairment | 0 | 0 | ||
Loans, collectively evaluated for impairment | 51,091 | 51,443 | ||
Loans | 51,091 | 51,443 | ||
Consumer Non Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 1 | 1 | ||
Allowance for loan losses, collectively evaluated for impairment | 679 | 706 | ||
Allowance for loan losses | 680 | 707 | 616 | 644 |
Loans, individually evaluated for impairment | 27 | 30 | ||
Loans, collectively evaluated for impairment | 33,184 | 34,618 | ||
Loans | 33,211 | 34,648 | ||
Unallocated Financing Receivables [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 349 | 319 | ||
Allowance for loan losses | 349 | 319 | $ 346 | $ 257 |
Loans, individually evaluated for impairment | 0 | 0 | ||
Loans, collectively evaluated for impairment | 0 | 0 | ||
Loans | $ 0 | $ 0 |
Note 3 - Allowance for Loan L31
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Ratios of Allowance for Loan Losses (Details) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | ||
Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs | 1.12% | 1.27% | 1.19% | |
Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs(1) | [1] | 0.04% | 0.06% | 0.08% |
[1] | Net charge-offs are on an annualized basis. |
Note 3 - Allowance for Loan L32
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Nonperforming Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | |||
Nonperforming assets: | ||||||
Nonaccrual loans | $ 6 | $ 6 | $ 1,040 | |||
Restructured loans in nonaccrual | 2,758 | 2,763 | 4,640 | |||
Total nonperforming loans | 2,764 | [1],[2] | 2,769 | [1],[2] | 5,680 | |
Other real estate owned, net | 2,741 | 2,817 | 2,952 | |||
Total nonperforming assets | $ 5,505 | $ 5,586 | $ 8,632 | |||
Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned | 0.83% | 0.83% | 1.32% | |||
Ratio of allowance for loan losses to nonperforming loans(1) | [3] | 267.40% | 286.20% | 145.44% | ||
[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 L33
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 | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | ||||
Loans past due 90 days or more and still accruing | $ 52 | [1] | $ 63 | $ 51 | [1] | |
Ratio of loans past due 90 days or more and still accruing to loans, net of unearned income and deferred fees and costs | 0.01% | 0.01% | 0.01% | |||
Accruing restructured loans | $ 7,890 | $ 3,747 | $ 5,134 | |||
Impaired loans: | ||||||
Impaired loans with no valuation allowance | 10,233 | [2] | 8,172 | 10,444 | [2] | |
Impaired loans with a valuation allowance | 1,448 | [2] | 894 | 1,480 | [2] | |
Total impaired loans | 11,681 | [2] | 9,066 | 11,924 | [2] | |
Valuation allowance | (169) | (25) | (177) | |||
Impaired loans, net of allowance | 11,512 | 9,041 | 11,747 | |||
Average recorded investment in impaired loans(1) | [3],[4] | 11,754 | 9,123 | 13,344 | [5] | |
Interest income recognized on impaired loans, after designation as impaired | 120 | 67 | 528 | [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 L34
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Impaired Loans and Associated Reserves (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | |||
Principal balance | $ 12,080 | $ 12,319 | ||||
Total recorded investment | 11,681 | [1] | 11,924 | [1] | $ 9,066 | |
Recorded investment for which there is no related allowance | 10,233 | [1] | 10,444 | [1] | 8,172 | |
Recorded investment for which there is a related allowance | 1,448 | [1] | 1,480 | [1] | 894 | |
Related allowance | 169 | 177 | $ 25 | |||
Real Estate Construction Portfolio Segment[Member] | Construction, Other [Member] | ||||||
Principal balance | [2] | 2,817 | ||||
Total recorded investment | [1],[2] | 2,817 | ||||
Recorded investment for which there is no related allowance | [1],[2] | 2,817 | ||||
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] | 2,882 | ||||
Total recorded investment | [1],[2] | 2,882 | ||||
Recorded investment for which there is no related allowance | [1],[2] | 2,882 | ||||
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] | 706 | 807 | |||
Total recorded investment | [1],[2] | 664 | 768 | |||
Recorded investment for which there is no related allowance | [1],[2] | 487 | 590 | |||
Recorded investment for which there is a related allowance | [1],[2] | 177 | 178 | |||
Related allowance | [2] | 10 | 10 | |||
Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | ||||||
Principal balance | [2] | 168 | 174 | |||
Total recorded investment | [1],[2] | 168 | 174 | |||
Recorded investment for which there is no related allowance | [1],[2] | 0 | 0 | |||
Recorded investment for which there is a related allowance | [1],[2] | 168 | 174 | |||
Related allowance | [2] | 5 | 6 | |||
Consumer Real Estate Portfolio Segment [Member] | Investor Owned Residential Real Estate [Member] | ||||||
Principal balance | [2] | 344 | 347 | |||
Total recorded investment | [1],[2] | 323 | 325 | |||
Recorded investment for which there is no related allowance | [1],[2] | 323 | 325 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | ||||
Related allowance | [2] | 0 | ||||
Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||||
Principal balance | [2] | 300 | 303 | |||
Total recorded investment | [1],[2] | 300 | 303 | |||
Recorded investment for which there is no related allowance | [2] | 300 | 303 | [1] | ||
Recorded investment for which there is a related allowance | [1],[2] | 0 | 0 | |||
Related allowance | [2] | 0 | 0 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | ||||||
Principal balance | [2] | 3,586 | 3,619 | |||
Total recorded investment | [1],[2] | 3,577 | 3,611 | |||
Recorded investment for which there is no related allowance | [1],[2] | 3,577 | 3,611 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | ||||
Related allowance | [2] | 0 | ||||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Principal balance | [2] | 2,921 | 2,921 | |||
Total recorded investment | [1],[2] | 2,602 | 2,602 | |||
Recorded investment for which there is no related allowance | [1],[2] | 2,602 | 2,602 | |||
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] | 1,211 | 1,236 | |||
Total recorded investment | [1],[2] | 1,203 | 1,229 | |||
Recorded investment for which there is no related allowance | [1],[2] | 123 | 126 | |||
Recorded investment for which there is a related allowance | [1],[2] | 1,080 | 1,103 | |||
Related allowance | [2] | 153 | 160 | |||
Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Principal balance | [2] | 27 | 30 | |||
Total recorded investment | [1],[2] | 27 | 30 | |||
Recorded investment for which there is no related allowance | [1],[2] | 4 | 5 | |||
Recorded investment for which there is a related allowance | [1],[2] | 23 | 25 | |||
Related allowance | [2] | $ 1 | $ 1 | |||
[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 L35
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Impaired Loans, Average Investment and Interest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | ||||
Average recorded investment in impaired loans(1) | [1],[2] | $ 11,754 | $ 9,123 | $ 13,344 | [3] | |
Interest income recognized on impaired loans, after designation as impaired | 120 | 67 | 528 | [3] | ||
Real Estate Construction Portfolio Segment[Member] | Construction, 1-4 Family Residential [Member] | ||||||
Average recorded investment in impaired loans(1) | [2],[3] | 839 | 267 | 3,298 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 38 | 3 | 177 | ||
Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Average recorded investment in impaired loans(1) | [2],[3] | 3,387 | 606 | 781 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 10 | 9 | 57 | ||
Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | ||||||
Average recorded investment in impaired loans(1) | [2],[3] | 253 | 193 | 185 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 3 | 3 | 11 | ||
Consumer Real Estate Portfolio Segment [Member] | Investor Owned Residential Real Estate [Member] | ||||||
Average recorded investment in impaired loans(1) | [2],[3] | 323 | 73 | 329 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 4 | 1 | 1 | ||
Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||||
Average recorded investment in impaired loans(1) | [2],[3] | 372 | 1,091 | 748 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 4 | 16 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | ||||||
Average recorded investment in impaired loans(1) | [2],[3] | 2,648 | 3,945 | 4,047 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 50 | 32 | 200 | ||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Average recorded investment in impaired loans(1) | [2],[3] | 2,384 | 2,708 | 2,638 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 17 | ||||
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Average recorded investment in impaired loans(1) | [2],[3] | 939 | 237 | 1,282 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 11 | 2 | 64 | ||
Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Average recorded investment in impaired loans(1) | [2] | 609 | [3] | 3 | 36 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | $ 0 | $ 2 | [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 L36
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | |||
Loans past due 90 days or more and still accruing | $ 52 | [1] | $ 51 | [1] | $ 63 | |
Nonaccruals | 2,764 | [1],[2] | 2,769 | [1],[2] | $ 5,680 | |
Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 11 | ||||
Nonaccruals | [1],[2] | 142 | 145 | |||
Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | ||||
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] | 6 | 6 | |||
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 | ||||
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] | |||||
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] | 2,602 | 2,602 | |||
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 20 | ||||
Nonaccruals | [1],[2] | 13 | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 0 | ||||
Nonaccruals | [1],[2] | 15 | ||||
Consumer Non Real Estate Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 11 | 12 | |||
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] | 1 | 22 | |||
Nonaccruals | [1],[2] | 1 | 1 | |||
Consumer Non Real Estate Portfolio Segment [Member] | Other Consumer Loans [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 20 | 6 | |||
Nonaccruals | [1],[2] | 0 | 0 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | ||||||
Loans past due and accruing | [1] | 2,502 | 2,263 | |||
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] | 780 | 637 | |||
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] | 168 | 188 | |||
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] | 66 | ||||
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] | 498 | 303 | |||
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] | 394 | 402 | |||
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] | 260 | ||||
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due and accruing | [1] | 131 | ||||
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 | 7 | |||
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] | 322 | 375 | |||
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] | 73 | 154 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||||||
Loans past due and accruing | [1] | 2,659 | 2,658 | |||
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] | 16 | ||||
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 | ||||
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] | 5 | ||||
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 | ||||
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 | ||||
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] | 2,602 | 2,602 | |||
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] | 20 | ||||
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] | |||||
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] | 11 | 12 | |||
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] | 1 | 22 | |||
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] | $ 20 | $ 6 | |||
[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 L37
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | |
Loans, collectively evaluated for impairment | $ 647,571 | $ 656,758 | |
Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | 29,264 | 31,812 | |
Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 166,273 | 165,698 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 326,886 | 333,898 | |
Commercial Non Real Estate Segment [Member] | |||
Loans, collectively evaluated for impairment | 40,873 | 39,289 | |
Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 33,184 | 34,618 | |
Pass [Member] | |||
Loans, collectively evaluated for impairment | 641,548 | 651,706 | |
Pass [Member] | States Political Subdivisions [Member] | |||
Loans, collectively evaluated for impairment | 51,091 | 51,443 | |
Special Mention [Member] | |||
Loans, collectively evaluated for impairment | [1] | 3,640 | 3,361 |
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] | 2,383 | 1,691 |
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 | 9,367 | 10,396 | |
Construction, 1-4 Family Residential [Member] | Special Mention [Member] | Real Estate Construction Portfolio Segment[Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | |
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 | 19,897 | 21,416 | |
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 | 16,560 | 16,673 | |
Equity Lines [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 39 | 39 |
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 | 84,519 | 85,975 | |
Closed End First Liens [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 2,379 | 2,400 |
Closed End First Liens [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 866 | 355 |
Closed End Junior Liens [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 4,455 | 4,483 | |
Closed End Junior Liens [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 27 | 29 |
Closed End Junior Liens [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 10 | 12 |
Investor Owned Residential Real Estate [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 56,957 | 55,410 | |
Investor Owned Residential Real Estate [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 275 | 66 |
Investor Owned Residential Real Estate [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 186 | 256 |
Multifamily Real Estate [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 87,412 | 95,894 | |
Multifamily Real Estate [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 126 | 127 |
Multifamily Real Estate [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 198 | 0 |
Commercial Real Estate, Owner Occupied [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 131,800 | 130,256 | |
Commercial Real Estate, Owner Occupied [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 245 | 246 |
Commercial Real Estate, Owner Occupied [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 752 | 763 |
Commercial Real Estate Other [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 106,353 | 106,612 | |
Commercial Real Estate Other [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | |
Commercial Real Estate Other [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 0 | |
Commercial and Industrial [Member] | Pass [Member] | Commercial Non Real Estate Segment [Member] | |||
Loans, collectively evaluated for impairment | 40,447 | 38,904 | |
Commercial and Industrial [Member] | Special Mention [Member] | Commercial Non Real Estate Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 257 | 220 |
Commercial and Industrial [Member] | Classified Excluding Impaired [Member] | Commercial Non Real Estate Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 169 | 165 |
Credit Card Receivable [Member] | Pass [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 5,328 | 5,493 | |
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 | 15,590 | 16,059 | |
Automobile Loan [Member] | Special Mention [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 242 | 218 |
Automobile Loan [Member] | Classified Excluding Impaired [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 175 | 116 |
Other Consumer Loans [Member] | Pass [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | 11,772 | 12,692 | |
Other Consumer Loans [Member] | Special Mention [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | 50 | 16 |
Other Consumer Loans [Member] | Classified Excluding Impaired [Member] | Consumer Non Real Estate Portfolio Segment [Member] | |||
Loans, collectively evaluated for impairment | [1] | $ 27 | $ 24 |
[1] | Excludes impaired, if any |
Note 3 - Allowance for Loan L38
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Restructurings By Class (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018USD ($) | Mar. 31, 2017 | |
Number of contracts | 2 | 0 |
Pre-modification outstanding principal balance | $ 2,882 | |
Post-modification outstanding principal balance | $ 2,882 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Number of contracts | 2 | |
Pre-modification outstanding principal balance | $ 2,882 | |
Post-modification outstanding principal balance | $ 2,882 |
Note 4 - Securities (Details Te
Note 4 - Securities (Details Textual) $ in Thousands | Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) |
Number of Temporarily Impaired Securities | 377 | |
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 341,058 | |
Continuous Unrealized Loss Position Aggregate Losses | $ 9,260 | |
Number of Temporarily Impaired Securities Greater than Twelve Months | 238 | |
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | $ 230,059 | $ 229,675 |
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | 6,369 | 4,750 |
Federal Home Loan Bank of Atlanta [Member] | National Bank of Blacksburg [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 488,193 | |
Restricted Stock [Member] | ||
Restricted Investments | $ 1,221 | 1,200 |
US Government Agencies Debt Securities [Member] | ||
Number of Temporarily Impaired Securities | 233 | |
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 226,261 | |
Continuous Unrealized Loss Position Aggregate Losses | 6,103 | |
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | 226,261 | 225,738 |
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | $ 6,103 | 4,623 |
US States and Political Subdivisions Debt Securities [Member] | ||
Number of Temporarily Impaired Securities | 4 | |
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 2,889 | |
Continuous Unrealized Loss Position Aggregate Losses | 198 | |
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | 2,889 | 2,989 |
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | $ 198 | 98 |
Corporate Debt Securities [Member] | ||
Number of Temporarily Impaired Securities | 1 | |
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 909 | |
Continuous Unrealized Loss Position Aggregate Losses | 68 | |
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | 909 | 948 |
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | $ 68 | $ 29 |
Note 4 - Securities - Securitie
Note 4 - Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Securities available-for-sale, amortized costs | $ 345,260 | $ 336,075 |
Securities available-for-sale, gross unrealized gains | 554 | 954 |
Securities available-for-sale, gross unrealized losses | 8,603 | 5,642 |
Securities available-for-sale, fair values | 337,211 | 331,387 |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 322,585 | 312,604 |
Securities available-for-sale, gross unrealized gains | 393 | 609 |
Securities available-for-sale, gross unrealized losses | 8,089 | 5,494 |
Securities available-for-sale, fair values | 314,889 | 307,719 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 16,101 | 16,853 |
Securities available-for-sale, gross unrealized gains | 69 | 100 |
Securities available-for-sale, gross unrealized losses | 392 | 119 |
Securities available-for-sale, fair values | 15,778 | 16,834 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available-for-sale, amortized costs | 558 | 602 |
Securities available-for-sale, gross unrealized gains | 50 | 57 |
Securities available-for-sale, gross unrealized losses | 0 | 0 |
Securities available-for-sale, fair values | 608 | 659 |
Corporate Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 6,016 | 6,016 |
Securities available-for-sale, gross unrealized gains | 42 | 188 |
Securities available-for-sale, gross unrealized losses | 122 | 29 |
Securities available-for-sale, fair values | $ 5,936 | $ 6,175 |
Note 4 - Securities - Securit41
Note 4 - Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Amortized cost, due in one year or less, available for sale securities | $ 47,263 | |
Fair value, due in one year or less, available for sale securities | 46,985 | |
Amortized cost, due after one year through five years, available for sale securities | 181,571 | |
Fair value, due after one year through five years, available for sale securities | 176,935 | |
Amortized cost, due after five years through ten years, available for sale securties | 78,203 | |
Fair value, due after five years through ten years, available for sale securities | 75,727 | |
Amortized cost, due after ten years, available for sale securities | 38,223 | |
Fair value, due after ten years, available for sale securities | 37,564 | |
Amortized cost, total securities available for sale | 345,260 | $ 336,075 |
Fair value, total securities available for sale | 337,211 | 331,387 |
Amortized cost, due in one year or less, held to maturity securities | 12,536 | |
Fair value, due in one year or less, held to maturity securities | 12,714 | |
Amortized cost, due after one year through five years, held to maturity securities | 21,962 | |
Fair value, due after one year through five years, held to maturity securities | 22,712 | |
Amortized cost, due after five years through ten years, held to maturity securities | 27,323 | |
Fair value, due after give years through ten years, held to maturity securities | 27,869 | |
Amortized cost, due after ten years, held to maturity securities | 61,084 | |
Fair value, due after ten years, held to maturity securities | 61,254 | |
Amortized cost, total securities held to maturity | 122,905 | 127,164 |
Fair value, total securities held to maturity | $ 124,549 | $ 130,113 |
Note 4 - Securities - Securit42
Note 4 - Securities - Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Securities held-to-maturity, amortized costs | $ 122,905 | $ 127,164 |
Securities held-to-maturity, gross unrealized gains | 2,301 | 3,122 |
Securities held-to-maturity, gross unrealized losses | 657 | 173 |
Securities held-to-maturity, fair values | 124,549 | 130,113 |
US Government Agencies Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 3,934 | 3,934 |
Securities held-to-maturity, gross unrealized gains | 99 | 167 |
Securities held-to-maturity, gross unrealized losses | 1 | 0 |
Securities held-to-maturity, fair values | 4,032 | 4,101 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 117,791 | 122,039 |
Securities held-to-maturity, gross unrealized gains | 2,184 | 2,929 |
Securities held-to-maturity, gross unrealized losses | 649 | 173 |
Securities held-to-maturity, fair values | 119,326 | 124,795 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities held-to-maturity, amortized costs | 196 | 209 |
Securities held-to-maturity, gross unrealized gains | 18 | 21 |
Securities held-to-maturity, gross unrealized losses | 0 | 0 |
Securities held-to-maturity, fair values | 214 | 230 |
Corporate Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 984 | 982 |
Securities held-to-maturity, gross unrealized gains | 5 | |
Securities held-to-maturity, gross unrealized losses | 7 | 0 |
Securities held-to-maturity, fair values | $ 977 | $ 987 |
Note 4 - Securities - Securit43
Note 4 - Securities - Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Temporarily impaired securities, less than 12 months, fair value | $ 110,999 | $ 87,068 |
Temporarily impaired securities, less than 12 months unrealized loss | 2,891 | 1,065 |
Temporarily impaired securities, 12 months or more fair value | 230,059 | 229,675 |
Temporarily impaired securities, 12 months or more unrealized loss | 6,369 | 4,750 |
US Government Agencies Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 76,276 | 68,380 |
Temporarily impaired securities, less than 12 months unrealized loss | 1,987 | 871 |
Temporarily impaired securities, 12 months or more fair value | 226,261 | 225,738 |
Temporarily impaired securities, 12 months or more unrealized loss | 6,103 | 4,623 |
US States and Political Subdivisions Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 29,753 | 18,688 |
Temporarily impaired securities, less than 12 months unrealized loss | 843 | 194 |
Temporarily impaired securities, 12 months or more fair value | 2,889 | 2,989 |
Temporarily impaired securities, 12 months or more unrealized loss | 198 | 98 |
Corporate Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 4,970 | |
Temporarily impaired securities, less than 12 months unrealized loss | 61 | |
Temporarily impaired securities, 12 months or more fair value | 909 | 948 |
Temporarily impaired securities, 12 months or more unrealized loss | $ 68 | $ 29 |
Note 6 - Defined Benefit Plan44
Note 6 - Defined Benefit Plan (Details Textual) $ in Thousands | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 0 |
Note 6 - Defined Benefit Plan -
Note 6 - Defined Benefit Plan - Defined Benefit Plan Activity (Details) - Pension Plan [Member] - USD ($) $ in Thousands | 3 Months Ended | 15 Months Ended |
Mar. 31, 2017 | Mar. 31, 2018 | |
Service cost | $ 173 | $ 217 |
Interest cost | 186 | 200 |
Expected return on plan assets | (274) | (400) |
Amortization of prior service cost | (27) | (27) |
Recognized net actuarial loss | 135 | 146 |
Net periodic benefit cost | $ 193 | $ 136 |
Note 7 - Fair Value Measureme46
Note 7 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Loans Held-for-sale [Member] | Changes Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets, Fair Value Adjustment | $ 0 | $ 0 |
Note 7 - Fair Value Measureme47
Note 7 - Fair Value Measurements - Assets and Liabilities at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Securities available for sale | $ 337,211 | $ 331,387 |
Securities available for sale | 337,211 | 331,387 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 337,211 | |
Securities available for sale | 331,387 | |
Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 314,889 | |
Securities available for sale | 314,889 | 307,719 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 314,889 | |
Securities available for sale | 307,719 | |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale | 15,778 | |
Securities available for sale | 15,778 | 16,834 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 15,778 | |
Securities available for sale | 16,834 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale | 608 | |
Securities available for sale | 608 | 659 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 608 | |
Securities available for sale | 659 | |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
Corporate Debt Securities [Member] | ||
Securities available for sale | 5,936 | |
Securities available for sale | 5,936 | 6,175 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | |
Securities available for sale | 0 | |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 5,936 | |
Securities available for sale | 6,175 | |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | $ 0 | |
Securities available for sale | $ 0 |
Note 7 - Fair Value Measureme48
Note 7 - Fair Value Measurements - Impaired Loans and Other Real Estate Owned Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Impaired loans net of valuation allowance | $ 1,279 | $ 1,303 |
Other real estate owned net of valuation allowance | 2,741 | 2,817 |
Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans net of valuation allowance | 0 | 0 |
Other real estate owned net of valuation allowance | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans net of valuation allowance | 0 | 0 |
Other real estate owned net of valuation allowance | 0 | |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans net of valuation allowance | 1,279 | 1,303 |
Other real estate owned net of valuation allowance | $ 2,741 | $ 2,817 |
Note 7 - Fair Value Measureme49
Note 7 - Fair Value Measurements - Level 3 Fair Value Measurements (Details) - Valuation, Market Approach [Member] | Mar. 31, 2018 | Dec. 31, 2017 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Discount rate | 5.5 | 5.5 |
Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Discount rate | 13.25 | 13.25 |
Measurement Input, Discount Rate [Member] | Weighted Average [Member] | ||
Discount rate | 5.92 | 5.92 |
Measurement Input, Cost to Sell [Member] | Minimum [Member] | ||
Level 3 Fair Value Measurements | 5 | 2 |
Measurement Input, Cost to Sell [Member] | Maximum [Member] | ||
Level 3 Fair Value Measurements | 6.01 | 6.01 |
Measurement Input, Cost to Sell [Member] | Weighted Average [Member] | ||
Level 3 Fair Value Measurements | 5.14 | 4.72 |
Measurement Input, Discount for Lack of Marketability and Age of Appraisal [Member] | Minimum [Member] | ||
Level 3 Fair Value Measurements | 1.68 | 1.68 |
Measurement Input, Discount for Lack of Marketability and Age of Appraisal [Member] | Maximum [Member] | ||
Level 3 Fair Value Measurements | 86.03 | 68.33 |
Measurement Input, Discount for Lack of Marketability and Age of Appraisal [Member] | Weighted Average [Member] | ||
Level 3 Fair Value Measurements | 13.35 | 11.07 |
Note 7 - Fair Value Measureme50
Note 7 - Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Reported Value Measurement [Member] | ||
Financial Assets: | ||
Cash and due from banks | $ 10,598 | $ (12,926) |
Interest-bearing deposits | 76,571 | 51,233 |
Securities | 460,116 | 458,551 |
Restricted securities | 1,221 | 1,200 |
Loans, net | 651,272 | 660,144 |
Accrued interest receivable | 5,360 | 5,297 |
Bank-owned life insurance | 33,984 | 33,756 |
Cash and due from banks | (10,598) | 12,926 |
Loans held for sale | 260 | |
Financial Liabilities: | ||
Deposits | 1,072,940 | 1,059,734 |
Accrued interest payable | 55 | 62 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 10,598 | (12,926) |
Interest-bearing deposits | 76,571 | 51,233 |
Securities | 0 | 0 |
Restricted securities | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Bank-owned life insurance | 0 | 0 |
Cash and due from banks | (10,598) | 12,926 |
Loans held for sale | 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 | 461,760 | 461,500 |
Restricted securities | 1,221 | 1,200 |
Loans, net | 0 | 0 |
Accrued interest receivable | 5,360 | 5,297 |
Bank-owned life insurance | 33,984 | 33,756 |
Cash and due from banks | 0 | 0 |
Loans held for sale | 260 | |
Financial Liabilities: | ||
Deposits | 961,305 | 944,850 |
Accrued interest payable | 55 | 62 |
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, net | 648,273 | 656,399 |
Accrued interest receivable | 0 | 0 |
Bank-owned life insurance | 0 | 0 |
Cash and due from banks | 0 | 0 |
Loans held for sale | 0 | |
Financial Liabilities: | ||
Deposits | 111,627 | 113,053 |
Accrued interest payable | $ 0 | $ 0 |
Note 8 - Components of Accumu51
Note 8 - Components of Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Balances | $ 184,896 | $ 178,263 |
Balances | 185,537 | 182,987 |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||
Balances | (3,704) | (3,588) |
Unrealized holding gain (loss) on available for sale securities, net of tax | (2,655) | 1,075 |
Balances | (6,359) | (2,513) |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||
Balances | (5,991) | (5,071) |
Unrealized holding gain (loss) on available for sale securities, net of tax | 0 | 0 |
Balances | (5,991) | (5,071) |
AOCI Attributable to Parent [Member] | ||
Balances | (9,695) | (8,659) |
Unrealized holding gain (loss) on available for sale securities, net of tax | (2,655) | 1,075 |
Balances | $ (12,350) | $ (7,584) |
Note 8 - Components of Accumu52
Note 8 - Components of Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | $ (706) | $ 580 |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | 0 | 0 |
AOCI Attributable to Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | $ (706) | $ 580 |
Note 9 - Revenue Recognition -
Note 9 - Revenue Recognition - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Noninterest Income (in-scope of Topic 606) | $ 1,540 | $ 1,459 |
Noninterest Income (out-of-scope of Topic 606) | 483 | 391 |
Total noninterest income | 2,023 | 1,850 |
Deposit Account [Member] | ||
Noninterest Income (in-scope of Topic 606) | 670 | 665 |
Product and Service, Other [Member] | ||
Noninterest Income (in-scope of Topic 606) | 33 | 69 |
Credit and Debit Card [Member] | ||
Noninterest Income (in-scope of Topic 606) | 344 | 244 |
Fiduciary and Trust [Member] | ||
Noninterest Income (in-scope of Topic 606) | 402 | 401 |
Insurance and Investment [Member] | ||
Noninterest Income (in-scope of Topic 606) | $ 91 | $ 80 |