Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 07, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | NATIONAL BANKSHARES INC | |
Entity Central Index Key | 0000796534 | |
Trading Symbol | nksh | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding (in shares) | 6,505,574 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Assets | ||
Cash and due from banks | $ 15,332 | $ 12,882 |
Interest-bearing deposits | 53,381 | 43,491 |
Securities available for sale, at fair value | 404,645 | 425,010 |
Restricted stock, at cost | 1,220 | 1,220 |
Loans held for sale | 602 | 72 |
Loans: | ||
Loans, net of unearned income and deferred fees and costs | 718,371 | 709,799 |
Less allowance for loan losses | (7,360) | (7,390) |
Loans, net | 711,011 | 702,409 |
Premises and equipment, net | 8,830 | 8,646 |
Right-of-use asset | 2,190 | |
Accrued interest receivable | 5,401 | 5,160 |
Other real estate owned, net | 2,025 | 2,052 |
Goodwill | 5,848 | 5,848 |
Bank-owned life insurance | 34,876 | 34,657 |
Other assets | 12,642 | 14,585 |
Total assets | 1,258,003 | 1,256,032 |
Liabilities and Stockholders' Equity | ||
Noninterest-bearing demand deposits | 199,449 | 195,441 |
Interest-bearing demand deposits | 608,227 | 616,527 |
Savings deposits | 142,675 | 138,175 |
Time deposits | 109,854 | 101,799 |
Total deposits | 1,060,205 | 1,051,942 |
Accrued interest payable | 140 | 89 |
Operating lease liability | 2,192 | |
Other liabilities | 14,238 | 13,763 |
Total liabilities | 1,076,775 | 1,065,794 |
Commitments and contingencies | ||
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 6,505,574 shares at March 31, 2019 and 6,957,974 shares at December 31, 2018 | 8,132 | 8,698 |
Retained earnings | 180,637 | 193,625 |
Accumulated other comprehensive loss, net | (7,541) | (12,085) |
Total stockholders' equity | 181,228 | 190,238 |
Total liabilities and stockholders' equity | $ 1,258,003 | $ 1,256,032 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2019 | Dec. 31, 2018 |
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) | 6,505,574 | 6,957,974 |
Common stock, shares outstanding (in shares) | 6,505,574 | 6,957,974 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Interest Income | ||
Interest and fees on loans | $ 8,269 | $ 7,532 |
Interest on interest-bearing deposits | 259 | 172 |
Interest on securities – taxable | 1,683 | 1,608 |
Interest on securities – nontaxable | 927 | 1,172 |
Total interest income | 11,138 | 10,484 |
Interest Expense | ||
Interest on time deposits | 297 | 121 |
Interest on other deposits | 1,496 | 960 |
Total interest expense | 1,793 | 1,081 |
Net interest income | 9,345 | 9,403 |
Provision for (recovery of) loan losses | 200 | (472) |
Net interest income after provision for (recovery of) loan losses | 9,145 | 9,875 |
Noninterest Income: | ||
Noninterest Income | 1,484 | 1,540 |
BOLI income | 219 | 228 |
Other income | 910 | 346 |
Realized securities gain, net | 12 | |
Total noninterest income | 2,489 | 2,023 |
Noninterest Expense | ||
Salaries and employee benefits | 3,821 | 3,694 |
Occupancy, furniture and fixtures | 465 | 472 |
Data processing and ATM | 751 | 733 |
FDIC assessment | 85 | 91 |
Intangible assets amortization | 12 | |
Net costs of other real estate owned | 25 | 85 |
Franchise taxes | 314 | 331 |
Write-down of insurance receivable | 1,724 | |
Other operating expenses | 1,004 | 1,022 |
Total noninterest expense | 6,465 | 8,164 |
Income before income taxes | 5,169 | 3,734 |
Income tax expense | 726 | 438 |
Net Income | $ 4,443 | $ 3,296 |
Basic net income per common share (in dollars per share) | $ 0.65 | $ 0.47 |
Fully diluted net income per common share (in dollars per share) | $ 0.65 | $ 0.47 |
Weighted average number of common shares outstanding – basic and diluted (in shares) | 6,839,733 | 6,957,974 |
Dividends declared per common share (in dollars per share) | ||
Deposit Account [Member] | ||
Noninterest Income: | ||
Noninterest Income | $ 590 | $ 670 |
Product and Service, Other [Member] | ||
Noninterest Income: | ||
Noninterest Income | 52 | 33 |
Credit and Debit Card [Member] | ||
Noninterest Income: | ||
Noninterest Income | 309 | 344 |
Fiduciary and Trust [Member] | ||
Noninterest Income: | ||
Noninterest Income | $ 397 | $ 402 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net Income | $ 4,443 | $ 3,296 |
Other Comprehensive Income (Loss), Net of Tax | ||
Unrealized holding gain (loss) on available for sale securities net of tax of $1,209 and ($706) for the periods ended March 31, 2019 and 2018, respectively | 4,553 | (2,655) |
Reclassification adjustment for gain included in net income, net of tax of ($3) for the period ended March 31, 2019 | (9) | |
Other comprehensive income (loss), net of tax | 4,544 | (2,655) |
Total Comprehensive Income | $ 8,987 | $ 641 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Unrealized holding gain (loss) on available for sale securities, tax | $ 1,209 | $ (706) |
Unrealized holding gain on securities transferred from held to maturity to available for sale, tax | $ (3) |
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 |
Balance 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) | ||
Balance at Mar. 31, 2018 | 8,698 | 189,189 | (12,350) | 185,537 |
Balance at Dec. 31, 2018 | 8,698 | 193,625 | (12,085) | 190,238 |
Net income | 4,443 | 4,443 | ||
Other comprehensive income (loss), net of tax | 4,544 | 4,544 | ||
Balance at Mar. 31, 2019 | 8,132 | 180,637 | (7,541) | 181,228 |
Common stock repurchased | $ (566) | $ (17,431) | $ (17,997) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
AOCI Attributable to Parent [Member] | ||
Other comprehensive income (loss), tax | $ 1,206 | $ (706) |
Common stock repurchased, shares (in shares) | 452,400 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash Flows from Operating Activities | ||
Net income | $ 4,443 | $ 3,296 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for (recovery of) loan losses | 200 | (472) |
Depreciation of bank premises and equipment | (173) | (203) |
Amortization of intangibles | 12 | |
Amortization of premiums and accretion of discounts, net | 14 | 15 |
Gains on disposal of fixed assets | (2) | |
Gain on sales and calls of securities available for sale, net | (12) | |
Loss and write-down on other real estate owned, net | 5 | 76 |
Increase in cash value of bank-owned life insurance | (219) | (228) |
Origination of mortgage loans held for sale | (2,604) | (2,486) |
Proceeds from sale of mortgage loans held for sale | 2,113 | 2,788 |
Gain on sale of mortgage loans held for sale | (39) | (42) |
Write-down of insurance receivable | 1,724 | |
Net change in: | ||
Accrued interest receivable | (241) | (63) |
Other assets | 739 | 777 |
Accrued interest payable | 51 | (7) |
Other liabilities | 475 | (69) |
Net cash provided by operating activities | 5,096 | 5,524 |
Cash Flows from Investing Activities | ||
Net change in interest-bearing deposits | (9,890) | (25,338) |
Proceeds from calls, principal payments, sales and maturities of securities available for sale | 26,113 | 1,794 |
Proceeds from calls, principal payments and maturities of securities held to maturity | 4,238 | |
Purchase of securities available for sale | (10,973) | |
Net change in restricted stock | (21) | |
Purchase of loan participations | (189) | (1,521) |
Collection of loan participations | 3,150 | 16 |
Loan originations and principal collections, net | (11,861) | 10,772 |
Proceeds from sale of other real estate owned | 22 | |
Recoveries on loans charged off | 98 | 77 |
Proceeds from sale and purchases of premises and equipment, net | (355) | (102) |
Net cash provided by (used in) investing activities | 7,088 | (21,058) |
Cash Flows from Financing Activities | ||
Net change in time deposits | 8,055 | (3,249) |
Net change in other deposits | 208 | 16,455 |
Common stock repurchased | (17,997) | |
Net cash (used in) provided by financing activities | (9,734) | 13,206 |
Net change in cash and due from banks | 2,450 | (2,328) |
Cash and due from banks at beginning of period | 12,882 | 12,926 |
Cash and due from banks at end of period | 15,332 | 10,598 |
Supplemental Disclosures of Cash Flow Information | ||
Interest paid on deposits | 1,742 | 1,088 |
Income taxes paid | ||
Supplemental Disclosure of Noncash Activities | ||
Loans charged against the allowance for loan losses | 328 | 139 |
Loans transferred to other real estate owned | ||
Unrealized net gain (loss) on securities available for sale | 5,750 | (3,361) |
Accounting Standards Update 2016-02 [Member] | ||
Supplemental Disclosure of Noncash Activities | ||
Increase in operating lease right-of-use asset upon adoption of ASU 2016-02 | 684 | |
Increase in operating lease liability upon adoption of ASU 2016-02 | $ 684 |
Note 1 - General
Note 1 - General | 3 Months Ended |
Mar. 31, 2019 | |
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, 2019 not 10 2018 10 1934 www.nationalbankshares.com Accounting Standards Adopted in 201 9 ASU No. 201 6 - 0 2 , “ Leases (Topic 842 ” In February 2016, No. 2016 02, “Leases (Topic 842 1 2 not may not Subsequent to the issuance of ASU 2016 02, No. 2018 01, “Leases (Topic 842 842,” No. 2018 10, “Codification Improvements to Topic 842, No. 2018 11, “Leases (Topic 842 No. 2018 20, “Leases (Topic 842 No. 2019 01 “Leases (Topic 842 2018 11 840, Upon adoption on January 1, 2019, 2018 11. no not not not January 1, 2019 12 January 1, 2019. ASU No. 201 7 - 0 8 , “ Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 on Purchased Callable Debt Securities ” In March 2017, 2017‐08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310 ‐ 20 January 1, 2019. not no |
Note 2 - Loan Portfolio
Note 2 - Loan Portfolio | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 2 : Loan Portfolio The loan portfolio, excluding loans held for sale, was comprised of the following. March 31, 2019 December 31, 2018 Real estate construction $ 41,156 $ 37,845 Consumer real estate 176,846 175,456 Commercial real estate 361,569 353,546 Commercial non real estate 45,312 46,535 Public sector and IDA 61,075 60,777 Consumer non real estate 32,998 36,238 Gross loans 718,956 710,397 Less unearned income and deferred fees and costs (585 ) (598 ) Loans, net of unearned income and deferred fees and costs $ 718,371 $ 709,799 |
Note 3 - Allowance for Loan Los
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans | 3 Months Ended |
Mar. 31, 2019 | |
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 will not not not six may 2018 10 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. If a TDR loan payment exceeds 90 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: 10 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. Activity in the Allowance for Loan Losses for the Three Months Ended March 31 , 201 9 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, 2018 $ 398 $ 2,049 $ 2,798 $ 602 $ 583 $ 750 $ 210 $ 7,390 Charge-offs --- (16 ) (150 ) --- --- (162 ) --- (328 ) Recoveries --- --- 12 --- --- 86 --- 98 Provision for (recovery of) loan losses 70 58 327 (27 ) (58 ) --- (170 ) 200 Balance, March 3 1 , 201 9 $ 468 $ 2,091 $ 2,987 $ 575 $ 525 $ 674 $ 40 $ 7,360 A ctivity in the Allowance for Loan Losses for the Three Months Ended March 31 , 201 8 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 Year Ended December 31, 201 8 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 --- (38 ) --- (107 ) --- (544 ) --- (689 ) Recoveries --- 3 49 22 --- 161 --- 235 Provision for (recovery of) loan losses 61 57 (295 ) (385 ) 164 426 (109 ) (81 ) Balance, December 31 , 201 8 $ 398 $ 2,049 $ 2,798 $ 602 $ 583 $ 750 $ 210 $ 7,390 Allowance for Loan Losses as of March 31 , 201 9 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ --- $ 3 $ --- $ 129 $ --- $ --- $ --- $ 132 Collectively evaluated for impairment 468 2,088 2,987 446 525 674 40 7,228 Total $ 468 $ 2,091 $ 2,987 $ 575 $ 525 $ 674 $ 40 $ 7,360 Allowance for Loan Losses as of December 31, 201 8 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 $ --- $ 4 $ --- $ 135 $ --- $ --- $ --- $ 139 Collectively evaluated for impairment 398 2,045 2,798 467 583 750 210 7,251 Total $ 398 $ 2,049 $ 2,798 $ 602 $ 583 $ 750 $ 210 $ 7,390 Loans as of March 31 , 201 9 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 $ --- $ 1,187 $ 4,151 $ 989 $ --- $ 10 $ --- $ 6,337 Collectively evaluated for impairment 41,156 175,659 357,418 44,323 61,075 32,988 --- 712,619 Total $ 41,156 $ 176,846 $ 361,569 $ 45,312 $ 61,075 $ 32,998 $ --- $ 718,956 Loans as of December 31, 201 8 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 $ --- $ 1,452 $ 4,340 $ 1,015 $ --- $ 13 $ --- $ 6,820 Collectively evaluated for impairment 37,845 174,004 349,206 45,520 60,777 36,225 --- 703,577 Total $ 37,845 $ 175,456 $ 353,546 $ 46,535 $ 60,777 $ 36,238 $ --- $ 710,397 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, 2019 2018 2018 Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs 1.02 % 1.12 % 1.04 % Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs (1) 0.13 % 0.04 % 0.07 % ( 1 Net charge-offs are on an annualized basis. A summary of nonperforming assets follows. March 31, December 31, 2019 2018 2018 Nonperforming assets: Nonaccrual loans $ 294 $ 6 $ 311 Restructured loans in nonaccrual 3,440 2,758 3,109 Total nonperforming loans 3,734 2,764 3,420 Other real estate owned, net 2,025 2,741 2,052 Total nonperforming assets $ 5,759 $ 5,505 $ 5,472 Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned 0.80 % 0.83 % 0.77 % Ratio of allowance for loan losses to nonperforming loans (1) 197.11 % 267.40 % 216.08 % ( 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, 2019 2018 2018 Loans past due 90 days or more and still accruing $ 55 $ 52 $ 35 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 % 0.00 % Accruing restructured loans $ 1,995 $ 7,890 $ 2,552 Impaired loans: Impaired loans with no valuation allowance $ 5,212 $ 10,233 $ 5,667 Impaired loans with a valuation allowance 1,125 1,448 1,153 Total impaired loans $ 6,337 $ 11,681 $ 6,820 Valuation allowance (132 ) (169 ) (139 ) Impaired loans, net of allowance $ 6,205 $ 11,512 $ 6,681 Average recorded investment in impaired loans (1) $ 6,597 $ 11,754 $ 9,788 Interest income recognized on impaired loans, after designation as impaired $ 49 $ 120 $ 250 Amount of income recognized on a cash basis $ --- $ --- $ --- ( 1 Nonaccrual loan relationships that meet the Company’s balance threshold of $250 $250 not No three March 31, 2019 March 31, 2018 December 31, 2018. A detailed analysis of investment in impaired loans and associated reserves, segregated by loan class follows. Impaired Loans as of March 31, 2019 Principal Balance Total Recorded Investment (1) Recorded Investment (1 ) for Which There is No Related Allowance Recorded Investment (1) Which There is a Related Allowance Related Allowance Co nsumer Real Estate (2) Residential closed-end first liens $ 493 $ 478 $ 478 $ --- $ --- Residential closed-end junior liens 139 139 --- 139 3 Investor-owned residential real estate 580 570 570 --- --- Commercial Real Estate (2) Multifamily 476 469 469 --- --- Commercial real estate, owner-occupied 1,201 1,199 1,199 --- --- Commercial real estate, other 2,867 2,483 2,483 --- --- Commercial Non Real Estate (2) Commercial and industrial 993 989 3 986 129 Consumer Non Real Estate (2) Automobile 10 10 10 --- --- Total $ 6,759 $ 6,337 $ 5,212 $ 1,125 $ 132 ( 1 ( 2 Impaired Loans as of December 31, 2018 Principal Balance Total Recorded Investment (1) Recorded Investment (1) for Which There is No Related Allowance Recorded Investment (1) Which There is a Related Allowance Related Allowance Co nsumer Real Estate (2) Residential closed-end first liens $ 728 $ 719 $ 719 $ --- $ --- Residential closed-end junior liens 144 143 --- 143 4 Investor-owned residential real estate 593 590 590 --- --- Commercial Real Estate (2) Multifamily real estate 485 483 483 --- --- Commercial real estate, owner occupied 1,363 1,363 1,363 --- --- Commercial real estate, other 2,867 2,494 2,494 --- --- Commercial Non Real Estate (2) Commercial and industrial 1,018 1,015 5 1,010 135 Consumer Non Real Estate (2) Automobile 13 13 13 --- --- Total $ 7,211 $ 6,820 $ 5,667 $ 1,153 $ 139 ( 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, 2019 Average Recorded Investment (1) Interest Income Recognized Co nsumer Real Estate (2) Residential closed-end first liens $ 710 $ 9 Residential closed-end junior liens 142 2 Investor-owned residential real estate 570 9 Commercial Real Estate (2) Multifamily real estate 471 7 Commercial real estate, owner occupied 1,207 5 Commercial real estate, other 2,484 11 Commercial Non Real Estate (2) Commercial and industrial 1,002 6 Consumer Non Real Estate (2) Automobile 11 --- Total $ 6,597 $ 49 ( 1 ( 2 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 Consumer 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 Automobile 609 --- Total $ 11,754 $ 120 ( 1 ( 2 For the Year Ended December 31, 2018 Average Recorded Investment (1) Interest Income Recognized Consumer Real Estate (2) Residential closed-end first liens $ 1,202 $ 41 Residential closed-end junior liens 159 9 Investor-owned residential real estate 808 23 Commercial Real Estate (2) Multifamily real estate 491 20 Commercial real estate, owner occupied 3,038 75 Commercial real estate, other 2,744 54 Commercial Non Real Estate (2) Commercial and industrial 1,326 27 Co nsumer Non Real Estate (2) Automobile 20 1 Total $ 9,788 $ 250 ( 1 ( 2 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, 2019 30 – 89 Days Past Due and Accruing 90 or M ore Days Past Due 90 or More Days Past Due and Accruing Nonaccruals (2) Real Estate Construction (1) Construction, other $ 20 $ --- $ --- $ --- Consumer Real Estate (1) Residential closed-end first liens 1,225 41 19 270 Residential closed-end junior liens 176 --- --- --- Investor-owned residential real estate --- 240 --- 240 Commercial Real Estate (1) Multifamily real estate --- --- --- 181 Commercial real estate, owner-occupied --- 262 --- 560 Commercial real estate, other --- --- --- 2,483 Commercial Non Real Estate (1) Commercial and industrial 91 1 1 --- Consumer Non Real Estate (1) Credit cards 6 3 3 --- Automobile 261 31 31 --- Other consumer loans 43 1 1 --- Total $ 1,822 $ 579 $ 55 $ 3,734 ( 1 ( 2 ) December 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 $ 647 $ 119 $ --- $ 278 Residential closed-end junior liens 11 --- --- --- Investor-owned residential real estate --- --- --- 451 Commercial Real Estate (1) Multifamily real estate 291 192 --- 192 Commercial real estate, owner occupied 325 --- --- --- Commercial real estate, other --- --- --- 2,494 Commercial Non Real Estate (1) Commercial and industrial 10 2 2 5 Consumer Non Real Estate (1) Credit cards 5 --- --- --- Automobile 296 29 29 --- Other consumer loans 50 4 4 --- Total $ 1,635 $ 346 $ 35 $ 3,420 ( 1 ( 2 ) 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, 2019 December 31, 2018. The following displays collectively-evaluated loans by credit quality indicator. March 31, 2019 Pass (1) Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 8,436 $ --- $ --- Construction, other 32,700 20 --- Consumer Real Estate Equity lines 16,290 39 97 Closed-end first liens 91,442 1,085 1,116 Closed-end junior liens 4,075 --- --- Investor-owned residential real estate 61,508 7 --- Commercial Real Estate Multifamily residential real estate 98,155 --- --- Commercial real estate owner-occupied 125,961 72 32 Commercial real estate, other 133,198 --- --- Commercial Non Real Estate Commercial and industrial 44,193 86 44 Public Sector and IDA States and political subdivisions 61,075 --- --- Consumer Non Real Estate Credit cards 5,445 --- --- Automobile 15,615 71 53 Other consumer 11,785 11 8 Total $ 709,878 $ 1,391 $ 1,350 ( 1 The following displays collectively-evaluated loans by credit quality indicator. December 31, 201 8 Pass (1) Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 9,264 $ --- $ --- Construction, other 28,560 21 --- Consumer Real Estate Equity lines 16,026 38 --- Closed-end first liens 92,253 994 582 Closed-end junior liens 3,954 --- --- Investor-owned residential real estate 60,157 --- --- Commercial Real Estate Multifamily residential real estate 98,582 --- --- Commercial real estate owner-occupied 123,225 211 32 Commercial real estate, other 127,156 --- --- Commercial Non Real Estate Commercial and industrial 45,420 54 46 Public Sector and IDA States and political subdivisions 60,777 --- --- Consumer Non Real Estate Credit cards 5,724 --- --- Automobile 18,598 133 71 Other consumer 11,691 4 4 Total $ 701,387 $ 1,455 $ 735 ( 1 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 $5,435 March 31, 2019, $5,661 December 31, 2018, $10,648 March 31, 2018. During the three March 31, 2019, no The following table presents 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 analyzed its TDR portfolio for loans that defaulted during the three March 31, 2019 March 31, 2018, 12 one 90 March 31, 2019, seven $263, one 12 no One 12 no three March 31, 2018, none 12 |
Note 4 - Securities
Note 4 - Securities | 3 Months Ended |
Mar. 31, 2019 | |
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, 2019 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for Sale: U.S. Government agencies and corporations $ 291,215 $ 987 $ 2,860 $ 289,342 States and political subdivisions 109,556 1,506 248 110,814 Mortgage-backed securities 550 46 --- 596 Corporate debt securities 3,992 1 100 3,893 Total securities available for sale $ 405,313 $ 2,540 $ 3,208 $ 404,645 December 31, 2018 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 306,264 $ 449 $ 6,666 $ 300,047 States and political subdivisions 118,564 1,218 1,166 118,616 Mortgage-backed securities 586 42 --- 628 Corporate debt securities 6,014 --- 295 5,719 Total securities available for sale $ 431,428 $ 1,709 $ 8,127 $ 425,010 The amortized cost and fair value of single maturity securities available for sale at March 31, 2019, may may March 31 , 201 9 Amortized Cost Fair Value Available for S ale: Due in one year or less $ 62,607 $ 62,459 Due after one year through five years 174,190 172,334 Due after five years through ten years 82,061 82,551 Due after ten years 86,455 87,301 Total securities available for sale $ 405,313 $ 404,645 Prior to the second 2018, second 2018, $119,790 $118,662, $1,128 The amortized costs, gross unrealized gains, gross unrealized losses and fair values for securities held to maturity as of March 31, 2018 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 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, 2019 Less Than 12 Months 12 Months or More Fair Unrealized Fair Unrealized Temporarily Impaired Securities: U.S. Government agencies and corporations $ 941 $ 1 $ 235,610 $ 2,859 States and political subdivisions 556 84 12,300 164 Corporate debt securities --- --- 2,893 100 Total $ 1,497 $ 85 $ 250,803 $ 3,123 December 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 $ 17,730 $ 216 $ 259,992 $ 6,450 States and political subdivisions 16,882 352 20,758 814 Corporate debt securities 4,842 194 876 101 Total $ 39,454 $ 762 $ 281,626 $ 7,365 The Company had 266 $252,300 March 31, 2019. $3,208. 264 $250,803 $3,123 twelve March 31, 2019 U.S. Government agencies $2,859 239 $235,610. not not not may not States and political subdivisions. $164 22 $12,300 12 not not not not may not Corporate debt securities. $100 three $2,893 not not not not may not Restricted stock. $1,220 March 31, 2019 December 31, 2018. not Redemption of FHLB stock is subject to certain limitations and conditions. At its discretion, the FHLB may $522,582 March 31, 2019. March 31, 2019, 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, 2019 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 5 : Recent Accounting Pronouncements 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 August 2018, 2018 13, 820 820 3 820 December 15, 2019, not 2018 13 In August 2018, 2018 14, 715 20 715 20 50 3, December 15, 2020. not 2018 14 |
Note 6 - Defined Benefit Plan
Note 6 - Defined Benefit Plan | 3 Months Ended |
Mar. 31, 2019 | |
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, 2019 2018 Service cost $ 200 $ 217 Interest cost 221 200 Expected return on plan assets (365 ) (400 ) Amortization of prior service cost (27 ) (27 ) Recognized net actuarial loss 158 146 Net periodic benefit cost $ 187 $ 136 The service cost component of net periodic benefit cost is included in salaries and employee benefits expense in the consolidated statements of income. All other components are included in other noninterest expense in the consolidated statements of income. 201 9 Plan Year Employer Contribution For the three March 31, 2019, not |
Note 7 - Fair Value Measurement
Note 7 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 7 : Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP requires that valuation techniques maximize the use of the observable inputs and minimize the use of the unobservable inputs. U.S. GAAP also establishes a fair value hierarchy which prioritizes the valuation inputs into three one three 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 Fair value is best determined based upon quoted market prices. However, in many instances, there are no not may not may not 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, 2019 December 31, 2018. Fair Value Measurements at March 31, 2019 Using Description Balance as of Quoted Prices Significant Significant U.S. Government agencies and corporations $ 289,342 $ --- $ 289,342 $ --- States and political subdivisions 110,814 --- 110,814 --- Mortgage-backed securities 596 --- 596 --- Corporate debt securities 3,893 --- 3,893 --- Total securities available for sale $ 404,645 $ --- $ 404,645 $ --- Fair Value Measurements at December 31, 2018 Using Description Balance as of Quoted Prices Significant Significant U.S. Government agencies and corporations $ 300,047 $ --- $ 300,047 $ --- States and political subdivisions 118,616 --- 118,616 --- Mortgage-backed securities 628 --- 628 --- Corporate debt securities 5,719 --- 5,719 --- Total securities available for sale $ 425,010 $ --- $ 425,010 $ --- Certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the financial statements. Loans Held for Sale Loans held for sale are carried at the lower of cost or fair value. These loans currently consist of one four not 2 No March 31, 2019 December 31, 2018. 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 1 4 $250 $500. 1 4 $250 $500 The value of real estate collateral is determined by a current (less than 24 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, 2019 December 31, 2018. Carrying Value Date Description Balance Quoted Prices Significant Significant Assets: March 31, 2019 Impaired loans net of valuation allowance $ 993 $ --- $ --- $ 993 December 31, 2018 Impaired loans net of valuation allowance 1,014 --- --- 1,014 The following tables present information about Level 3 March 31, 2019 December 31, 2018. Impaired Loans Valuation Technique Unobservable Input Range (Weighted Average) March 31, 2019 Present value of cash flows Discount rate 5.50% – 7.25% (5.82%) December 31, 2018 Present value of cash flows Discount rate 5.50% – 7.25% (6.05%) 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 2 3 3 The following table summarizes the Company’s other real estate owned that was measured at fair value on a nonrecurring basis. Carrying Value Date Description Balance Quoted Prices Significant Significant Assets: March 31, 2019 Other real estate owned net of valuation allowance $ 2,025 $ --- $ --- $ 2,025 December 31, 2018 Other real estate owned net of valuation allowance 2,052 --- --- 2,052 The following tables present information about Level 3 March 31, 2018 December 31, 2018. March 31, 2019 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 0.00% (1) – 6.00% (0.04%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 0.00% – 10.67% (0.08%) December 31, 2018 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 0.00% (1) – 6.00% (0.12%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 0.00% – 50.05% (1.45%) ( 1 The Company markets other real estate owned both independently and with local realtors. Properties marketed by realtors are discounted by selling costs. Properties that the Company markets independently are not 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, 2019 December 31, 2018. no March 31 , 201 9 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 $ 15,332 $ 15,332 $ --- $ --- Interest-bearing deposits 53,381 53,381 --- --- Securities 404,645 --- 404,645 --- Restricted securities 1,220 --- 1,220 --- Loans held for sale 602 --- 602 --- Loans, net 711,011 --- --- 694,716 Accrued interest receivable 5,401 --- 5,401 --- Bank-owned life insurance 34,876 --- 34,876 --- Financial Liabilities: Deposits $ 1,060,205 $ --- $ 930,351 $ 109,801 Accrued interest payable 140 --- 140 --- December 31, 201 8 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 $ 12,882 $ 12,882 $ --- $ --- Interest-bearing deposits 43,491 43,491 --- --- Securities 425,010 --- 425,010 --- Restricted securities 1,220 --- 1,220 --- Loans held for sale 72 --- 72 --- Loans, net 702,409 --- --- 684,565 Accrued interest receivable 5,160 --- 5,160 --- Bank-owned life insurance 34,657 --- 34,657 --- Financial Liabilities: Deposits $ 1,051,942 $ --- $ 950,143 $ 101,749 Accrued interest payable 89 --- 89 --- |
Note 8 - Components of Accumula
Note 8 - Components of Accumulated Other Comprehensive Loss | 3 Months Ended |
Mar. 31, 2019 | |
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 7 $ (3,704 ) $ (5,991 ) $ (9,695 ) Unrealized holding loss on available for sale securities, net of tax of ($706) (2,655 ) --- (2,655 ) Balance at March 31 , 201 8 $ (6,359 ) $ (5,991 ) $ (12,350 ) Balance at December 31, 201 8 $ (5,072 ) $ (7,013 ) $ (12,085 ) Unrealized holding gain on available for sale securities net of tax of $1,209 4,553 --- 4,553 Reclassification adjustment, net of tax of ($3) (9 ) (9 ) Balance at March 31 , 201 9 $ (528 ) $ (7,013 ) $ (7,541 ) |
Note 9 - Revenue Recognition
Note 9 - Revenue Recognition | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 9: Revenue Recognition The Company recognizes revenue from contracts with customers. Noninterest revenue streams such as service charges on deposit accounts, other service charges and fees, credit and debit card fees, trust income, and annuity and insurance commissions is recognized in accordance with ASC Topic 606. 606 not 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 and Fees 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, 2019 2018. March 31, March 31, 2019 2018 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 590 $ 670 Other service charges and fees 52 33 Credit and debit card fees 309 344 Trust income 397 402 Insurance and Investment (included within Other Income on the Consolidated Statements of Income) 136 91 Noninterest Income (in-scope of Topic 606) $ 1,484 $ 1,540 Noninterest Income (out-of-scope of Topic 606) 1,005 483 Total noninterest income $ 2,489 $ 2,023 |
Note 10 - Leases
Note 10 - Leases | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | Note 10: On January 1, 2019, No. 2016 02 “ Leases (Topic 842 ) ” 842. 2018 11 not 842. no not not not 2018 10 1 $684 Contracts that commence subsequent to adoption are evaluated to determine whether they are or contain a lease in accordance with Topic 842. 842 not not 12 three Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. Lease payments Lease payments for short-term leases are recognized as lease expense on a straight-line basis over the lease term, or for variable lease payments, in the period in which the obligation was incurred. Payments for leases with terms longer than twelve may not not Options to Extend , Residual Value Guarantees, and Restrictions and Covenants Of the Company’s five three three two five one one five not None none The following tables present information about leases: March 31, 2019 Lease liability $ 2,192 Right-of-use asset $ 2,190 Weighted average remaining lease term (in years) 7.83 Weighted average discount rate 3.19 % For the Three Months Ended March 31, 2019 2018 Lease Expense Operating lease expense $ 59 NR Short-term lease expense 39 NR Total lease expense $ 98 $ 75 Cash paid for amounts included in lease liabilities $ 56 NR Right-of-use assets obtained in exchange for operating lease liabilities commencing during the period $ 1,553 NR The following table presents a maturity schedule of undiscounted cash flows that contribute to the lease liability: Undiscounted Cash Flow the Period As of March 31, 2019 Nine months ending December 31, 2019 $ 224 Twelve months ending December 31, 2020 294 Twelve months ending December 31, 2021 286 Twelve months ending December 31, 2022 289 Twelve months ending December 31, 2023 291 Twelve months ending December 31, 2024 294 Thereafter 848 Total undiscounted cash flows $ 2,526 Less: discount (334 ) Lease liability $ 2,192 The contracts in which the Company is lessee are with parties external to the company and not |
Note 2 - Loan Portfolio (Tables
Note 2 - Loan Portfolio (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, 2019 December 31, 2018 Real estate construction $ 41,156 $ 37,845 Consumer real estate 176,846 175,456 Commercial real estate 361,569 353,546 Commercial non real estate 45,312 46,535 Public sector and IDA 61,075 60,777 Consumer non real estate 32,998 36,238 Gross loans 718,956 710,397 Less unearned income and deferred fees and costs (585 ) (598 ) Loans, net of unearned income and deferred fees and costs $ 718,371 $ 709,799 |
Note 3 - Allowance for Loan L_2
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Activity in the Allowance for Loan Losses for the Three Months Ended March 31 , 201 9 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, 2018 $ 398 $ 2,049 $ 2,798 $ 602 $ 583 $ 750 $ 210 $ 7,390 Charge-offs --- (16 ) (150 ) --- --- (162 ) --- (328 ) Recoveries --- --- 12 --- --- 86 --- 98 Provision for (recovery of) loan losses 70 58 327 (27 ) (58 ) --- (170 ) 200 Balance, March 3 1 , 201 9 $ 468 $ 2,091 $ 2,987 $ 575 $ 525 $ 674 $ 40 $ 7,360 A ctivity in the Allowance for Loan Losses for the Three Months Ended March 31 , 201 8 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 Year Ended December 31, 201 8 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 --- (38 ) --- (107 ) --- (544 ) --- (689 ) Recoveries --- 3 49 22 --- 161 --- 235 Provision for (recovery of) loan losses 61 57 (295 ) (385 ) 164 426 (109 ) (81 ) Balance, December 31 , 201 8 $ 398 $ 2,049 $ 2,798 $ 602 $ 583 $ 750 $ 210 $ 7,390 |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] | Allowance for Loan Losses as of March 31 , 201 9 Real Estate Construction Consumer Real Estate Commercial Real Estate Commercial Non Real Estate Public Sector and IDA Consumer Non Real Estate Unallocated Total Individually evaluated for impairment $ --- $ 3 $ --- $ 129 $ --- $ --- $ --- $ 132 Collectively evaluated for impairment 468 2,088 2,987 446 525 674 40 7,228 Total $ 468 $ 2,091 $ 2,987 $ 575 $ 525 $ 674 $ 40 $ 7,360 Allowance for Loan Losses as of December 31, 201 8 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 $ --- $ 4 $ --- $ 135 $ --- $ --- $ --- $ 139 Collectively evaluated for impairment 398 2,045 2,798 467 583 750 210 7,251 Total $ 398 $ 2,049 $ 2,798 $ 602 $ 583 $ 750 $ 210 $ 7,390 Loans as of March 31 , 201 9 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 $ --- $ 1,187 $ 4,151 $ 989 $ --- $ 10 $ --- $ 6,337 Collectively evaluated for impairment 41,156 175,659 357,418 44,323 61,075 32,988 --- 712,619 Total $ 41,156 $ 176,846 $ 361,569 $ 45,312 $ 61,075 $ 32,998 $ --- $ 718,956 Loans as of December 31, 201 8 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 $ --- $ 1,452 $ 4,340 $ 1,015 $ --- $ 13 $ --- $ 6,820 Collectively evaluated for impairment 37,845 174,004 349,206 45,520 60,777 36,225 --- 703,577 Total $ 37,845 $ 175,456 $ 353,546 $ 46,535 $ 60,777 $ 36,238 $ --- $ 710,397 |
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, 2019 2018 2018 Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs 1.02 % 1.12 % 1.04 % Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs (1) 0.13 % 0.04 % 0.07 % |
Schedule of Nonperforming Assets [Table Text Block] | March 31, December 31, 2019 2018 2018 Nonperforming assets: Nonaccrual loans $ 294 $ 6 $ 311 Restructured loans in nonaccrual 3,440 2,758 3,109 Total nonperforming loans 3,734 2,764 3,420 Other real estate owned, net 2,025 2,741 2,052 Total nonperforming assets $ 5,759 $ 5,505 $ 5,472 Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned 0.80 % 0.83 % 0.77 % Ratio of allowance for loan losses to nonperforming loans (1) 197.11 % 267.40 % 216.08 % |
Summary of Past Due 90 Days Loans or More and Impaired Loans [Table Text Block] | March 31, December 31, 2019 2018 2018 Loans past due 90 days or more and still accruing $ 55 $ 52 $ 35 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 % 0.00 % Accruing restructured loans $ 1,995 $ 7,890 $ 2,552 Impaired loans: Impaired loans with no valuation allowance $ 5,212 $ 10,233 $ 5,667 Impaired loans with a valuation allowance 1,125 1,448 1,153 Total impaired loans $ 6,337 $ 11,681 $ 6,820 Valuation allowance (132 ) (169 ) (139 ) Impaired loans, net of allowance $ 6,205 $ 11,512 $ 6,681 Average recorded investment in impaired loans (1) $ 6,597 $ 11,754 $ 9,788 Interest income recognized on impaired loans, after designation as impaired $ 49 $ 120 $ 250 Amount of income recognized on a cash basis $ --- $ --- $ --- |
Impaired Financing Receivables [Table Text Block] | Impaired Loans as of March 31, 2019 Principal Balance Total Recorded Investment (1) Recorded Investment (1 ) for Which There is No Related Allowance Recorded Investment (1) Which There is a Related Allowance Related Allowance Co nsumer Real Estate (2) Residential closed-end first liens $ 493 $ 478 $ 478 $ --- $ --- Residential closed-end junior liens 139 139 --- 139 3 Investor-owned residential real estate 580 570 570 --- --- Commercial Real Estate (2) Multifamily 476 469 469 --- --- Commercial real estate, owner-occupied 1,201 1,199 1,199 --- --- Commercial real estate, other 2,867 2,483 2,483 --- --- Commercial Non Real Estate (2) Commercial and industrial 993 989 3 986 129 Consumer Non Real Estate (2) Automobile 10 10 10 --- --- Total $ 6,759 $ 6,337 $ 5,212 $ 1,125 $ 132 Impaired Loans as of December 31, 2018 Principal Balance Total Recorded Investment (1) Recorded Investment (1) for Which There is No Related Allowance Recorded Investment (1) Which There is a Related Allowance Related Allowance Co nsumer Real Estate (2) Residential closed-end first liens $ 728 $ 719 $ 719 $ --- $ --- Residential closed-end junior liens 144 143 --- 143 4 Investor-owned residential real estate 593 590 590 --- --- Commercial Real Estate (2) Multifamily real estate 485 483 483 --- --- Commercial real estate, owner occupied 1,363 1,363 1,363 --- --- Commercial real estate, other 2,867 2,494 2,494 --- --- Commercial Non Real Estate (2) Commercial and industrial 1,018 1,015 5 1,010 135 Consumer Non Real Estate (2) Automobile 13 13 13 --- --- Total $ 7,211 $ 6,820 $ 5,667 $ 1,153 $ 139 |
Impaired Financing Receivable Average Investment And Interest Income [Table Text Block] | For the Three Months Ended March 31, 2019 Average Recorded Investment (1) Interest Income Recognized Co nsumer Real Estate (2) Residential closed-end first liens $ 710 $ 9 Residential closed-end junior liens 142 2 Investor-owned residential real estate 570 9 Commercial Real Estate (2) Multifamily real estate 471 7 Commercial real estate, owner occupied 1,207 5 Commercial real estate, other 2,484 11 Commercial Non Real Estate (2) Commercial and industrial 1,002 6 Consumer Non Real Estate (2) Automobile 11 --- Total $ 6,597 $ 49 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 Consumer 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 Automobile 609 --- Total $ 11,754 $ 120 For the Year Ended December 31, 2018 Average Recorded Investment (1) Interest Income Recognized Consumer Real Estate (2) Residential closed-end first liens $ 1,202 $ 41 Residential closed-end junior liens 159 9 Investor-owned residential real estate 808 23 Commercial Real Estate (2) Multifamily real estate 491 20 Commercial real estate, owner occupied 3,038 75 Commercial real estate, other 2,744 54 Commercial Non Real Estate (2) Commercial and industrial 1,326 27 Co nsumer Non Real Estate (2) Automobile 20 1 Total $ 9,788 $ 250 |
Financing Receivable, Past Due [Table Text Block] | March 31, 2019 30 – 89 Days Past Due and Accruing 90 or M ore Days Past Due 90 or More Days Past Due and Accruing Nonaccruals (2) Real Estate Construction (1) Construction, other $ 20 $ --- $ --- $ --- Consumer Real Estate (1) Residential closed-end first liens 1,225 41 19 270 Residential closed-end junior liens 176 --- --- --- Investor-owned residential real estate --- 240 --- 240 Commercial Real Estate (1) Multifamily real estate --- --- --- 181 Commercial real estate, owner-occupied --- 262 --- 560 Commercial real estate, other --- --- --- 2,483 Commercial Non Real Estate (1) Commercial and industrial 91 1 1 --- Consumer Non Real Estate (1) Credit cards 6 3 3 --- Automobile 261 31 31 --- Other consumer loans 43 1 1 --- Total $ 1,822 $ 579 $ 55 $ 3,734 December 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 $ 647 $ 119 $ --- $ 278 Residential closed-end junior liens 11 --- --- --- Investor-owned residential real estate --- --- --- 451 Commercial Real Estate (1) Multifamily real estate 291 192 --- 192 Commercial real estate, owner occupied 325 --- --- --- Commercial real estate, other --- --- --- 2,494 Commercial Non Real Estate (1) Commercial and industrial 10 2 2 5 Consumer Non Real Estate (1) Credit cards 5 --- --- --- Automobile 296 29 29 --- Other consumer loans 50 4 4 --- Total $ 1,635 $ 346 $ 35 $ 3,420 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass (1) Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 8,436 $ --- $ --- Construction, other 32,700 20 --- Consumer Real Estate Equity lines 16,290 39 97 Closed-end first liens 91,442 1,085 1,116 Closed-end junior liens 4,075 --- --- Investor-owned residential real estate 61,508 7 --- Commercial Real Estate Multifamily residential real estate 98,155 --- --- Commercial real estate owner-occupied 125,961 72 32 Commercial real estate, other 133,198 --- --- Commercial Non Real Estate Commercial and industrial 44,193 86 44 Public Sector and IDA States and political subdivisions 61,075 --- --- Consumer Non Real Estate Credit cards 5,445 --- --- Automobile 15,615 71 53 Other consumer 11,785 11 8 Total $ 709,878 $ 1,391 $ 1,350 Pass (1) Special Mention (1) Classified (1) Real Estate Construction Construction, 1-4 family residential $ 9,264 $ --- $ --- Construction, other 28,560 21 --- Consumer Real Estate Equity lines 16,026 38 --- Closed-end first liens 92,253 994 582 Closed-end junior liens 3,954 --- --- Investor-owned residential real estate 60,157 --- --- Commercial Real Estate Multifamily residential real estate 98,582 --- --- Commercial real estate owner-occupied 123,225 211 32 Commercial real estate, other 127,156 --- --- Commercial Non Real Estate Commercial and industrial 45,420 54 46 Public Sector and IDA States and political subdivisions 60,777 --- --- Consumer Non Real Estate Credit cards 5,724 --- --- Automobile 18,598 133 71 Other consumer 11,691 4 4 Total $ 701,387 $ 1,455 $ 735 |
Financing Receivable, Troubled Debt Restructuring [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, 2019 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | March 31, 2019 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for Sale: U.S. Government agencies and corporations $ 291,215 $ 987 $ 2,860 $ 289,342 States and political subdivisions 109,556 1,506 248 110,814 Mortgage-backed securities 550 46 --- 596 Corporate debt securities 3,992 1 100 3,893 Total securities available for sale $ 405,313 $ 2,540 $ 3,208 $ 404,645 December 31, 2018 Amortized Costs Gross Unrealized Gains Gross Unrealized Losses Fair Values Available for S ale: U.S. Government agencies and corporations $ 306,264 $ 449 $ 6,666 $ 300,047 States and political subdivisions 118,564 1,218 1,166 118,616 Mortgage-backed securities 586 42 --- 628 Corporate debt securities 6,014 --- 295 5,719 Total securities available for sale $ 431,428 $ 1,709 $ 8,127 $ 425,010 |
Investments Classified by Contractual Maturity Date [Table Text Block] | March 31 , 201 9 Amortized Cost Fair Value Available for S ale: Due in one year or less $ 62,607 $ 62,459 Due after one year through five years 174,190 172,334 Due after five years through ten years 82,061 82,551 Due after ten years 86,455 87,301 Total securities available for sale $ 405,313 $ 404,645 |
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 |
Schedule of Temporary Impairment Losses, Investments [Table Text Block] | March 31, 2019 Less Than 12 Months 12 Months or More Fair Unrealized Fair Unrealized Temporarily Impaired Securities: U.S. Government agencies and corporations $ 941 $ 1 $ 235,610 $ 2,859 States and political subdivisions 556 84 12,300 164 Corporate debt securities --- --- 2,893 100 Total $ 1,497 $ 85 $ 250,803 $ 3,123 December 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 $ 17,730 $ 216 $ 259,992 $ 6,450 States and political subdivisions 16,882 352 20,758 814 Corporate debt securities 4,842 194 876 101 Total $ 39,454 $ 762 $ 281,626 $ 7,365 |
Note 6 - Defined Benefit Plan (
Note 6 - Defined Benefit Plan (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | Pension Benefits Three Months Ended March, 2019 2018 Service cost $ 200 $ 217 Interest cost 221 200 Expected return on plan assets (365 ) (400 ) Amortization of prior service cost (27 ) (27 ) Recognized net actuarial loss 158 146 Net periodic benefit cost $ 187 $ 136 |
Note 7 - Fair Value Measureme_2
Note 7 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at March 31, 2019 Using Description Balance as of Quoted Prices Significant Significant U.S. Government agencies and corporations $ 289,342 $ --- $ 289,342 $ --- States and political subdivisions 110,814 --- 110,814 --- Mortgage-backed securities 596 --- 596 --- Corporate debt securities 3,893 --- 3,893 --- Total securities available for sale $ 404,645 $ --- $ 404,645 $ --- Fair Value Measurements at December 31, 2018 Using Description Balance as of Quoted Prices Significant Significant U.S. Government agencies and corporations $ 300,047 $ --- $ 300,047 $ --- States and political subdivisions 118,616 --- 118,616 --- Mortgage-backed securities 628 --- 628 --- Corporate debt securities 5,719 --- 5,719 --- Total securities available for sale $ 425,010 $ --- $ 425,010 $ --- |
Fair Value Measurements, Nonrecurring [Table Text Block] | Carrying Value Date Description Balance Quoted Prices Significant Significant Assets: March 31, 2019 Impaired loans net of valuation allowance $ 993 $ --- $ --- $ 993 December 31, 2018 Impaired loans net of valuation allowance 1,014 --- --- 1,014 Carrying Value Date Description Balance Quoted Prices Significant Significant Assets: March 31, 2019 Other real estate owned net of valuation allowance $ 2,025 $ --- $ --- $ 2,025 December 31, 2018 Other real estate owned net of valuation allowance 2,052 --- --- 2,052 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Impaired Loans Valuation Technique Unobservable Input Range (Weighted Average) March 31, 2019 Present value of cash flows Discount rate 5.50% – 7.25% (5.82%) December 31, 2018 Present value of cash flows Discount rate 5.50% – 7.25% (6.05%) March 31, 2019 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 0.00% (1) – 6.00% (0.04%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 0.00% – 10.67% (0.08%) December 31, 2018 Valuation Technique Unobservable Input Range (Weighted Average) Other real estate owned Discounted appraised value Selling cost 0.00% (1) – 6.00% (0.12%) Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 0.00% – 50.05% (1.45%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31 , 201 9 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 $ 15,332 $ 15,332 $ --- $ --- Interest-bearing deposits 53,381 53,381 --- --- Securities 404,645 --- 404,645 --- Restricted securities 1,220 --- 1,220 --- Loans held for sale 602 --- 602 --- Loans, net 711,011 --- --- 694,716 Accrued interest receivable 5,401 --- 5,401 --- Bank-owned life insurance 34,876 --- 34,876 --- Financial Liabilities: Deposits $ 1,060,205 $ --- $ 930,351 $ 109,801 Accrued interest payable 140 --- 140 --- December 31, 201 8 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 $ 12,882 $ 12,882 $ --- $ --- Interest-bearing deposits 43,491 43,491 --- --- Securities 425,010 --- 425,010 --- Restricted securities 1,220 --- 1,220 --- Loans held for sale 72 --- 72 --- Loans, net 702,409 --- --- 684,565 Accrued interest receivable 5,160 --- 5,160 --- Bank-owned life insurance 34,657 --- 34,657 --- Financial Liabilities: Deposits $ 1,051,942 $ --- $ 950,143 $ 101,749 Accrued interest payable 89 --- 89 --- |
Note 8 - Components of Accumu_2
Note 8 - Components of Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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 7 $ (3,704 ) $ (5,991 ) $ (9,695 ) Unrealized holding loss on available for sale securities, net of tax of ($706) (2,655 ) --- (2,655 ) Balance at March 31 , 201 8 $ (6,359 ) $ (5,991 ) $ (12,350 ) Balance at December 31, 201 8 $ (5,072 ) $ (7,013 ) $ (12,085 ) Unrealized holding gain on available for sale securities net of tax of $1,209 4,553 --- 4,553 Reclassification adjustment, net of tax of ($3) (9 ) (9 ) Balance at March 31 , 201 9 $ (528 ) $ (7,013 ) $ (7,541 ) |
Note 9 - Revenue Recognition (T
Note 9 - Revenue Recognition (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | March 31, March 31, 2019 2018 Noninterest Income In-scope of Topic 606: Service charges on deposit accounts $ 590 $ 670 Other service charges and fees 52 33 Credit and debit card fees 309 344 Trust income 397 402 Insurance and Investment (included within Other Income on the Consolidated Statements of Income) 136 91 Noninterest Income (in-scope of Topic 606) $ 1,484 $ 1,540 Noninterest Income (out-of-scope of Topic 606) 1,005 483 Total noninterest income $ 2,489 $ 2,023 |
Note 10 - Leases (Tables)
Note 10 - Leases (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | March 31, 2019 Lease liability $ 2,192 Right-of-use asset $ 2,190 Weighted average remaining lease term (in years) 7.83 Weighted average discount rate 3.19 % For the Three Months Ended March 31, 2019 2018 Lease Expense Operating lease expense $ 59 NR Short-term lease expense 39 NR Total lease expense $ 98 $ 75 Cash paid for amounts included in lease liabilities $ 56 NR Right-of-use assets obtained in exchange for operating lease liabilities commencing during the period $ 1,553 NR |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Undiscounted Cash Flow the Period As of March 31, 2019 Nine months ending December 31, 2019 $ 224 Twelve months ending December 31, 2020 294 Twelve months ending December 31, 2021 286 Twelve months ending December 31, 2022 289 Twelve months ending December 31, 2023 291 Twelve months ending December 31, 2024 294 Thereafter 848 Total undiscounted cash flows $ 2,526 Less: discount (334 ) Lease liability $ 2,192 |
Note 1 - General (Details Textu
Note 1 - General (Details Textual) $ in Thousands | Jan. 01, 2019USD ($) |
Accounting Standards Update 2018-11 [Member] | |
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 0 |
Accounting Standards Update 2017-08 [Member] | |
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 0 |
Note 2 - Loan Portfolio - Loan
Note 2 - Loan Portfolio - Loan Portfolio, Excluding Loans Held for Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Gross loans | $ 718,956 | $ 710,397 |
Less unearned income and deferred fees and costs | (585) | (598) |
Loans, net of unearned income and deferred fees and costs | 718,371 | 709,799 |
Real Estate Construction Portfolio Segment[Member] | ||
Gross loans | 41,156 | 37,845 |
Consumer Real Estate Portfolio Segment [Member] | ||
Gross loans | 176,846 | 175,456 |
Commercial Real Estate Portfolio Segment [Member] | ||
Gross loans | 361,569 | 353,546 |
Commercial Portfolio Segment [Member] | ||
Gross loans | 45,312 | 46,535 |
Public Sector and IDA Portfolio Segment[Member] | ||
Gross loans | 61,075 | 60,777 |
Consumer Portfolio Segment [Member] | ||
Gross loans | $ 32,998 | $ 36,238 |
Note 3 - Allowance for Loan L_3
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | |
Threshold for Designation to Impaired Status | $ 250 | ||
Interest and Fee Income, Loans and Leases, Total | $ 8,269 | $ 7,532 | |
Threshold Period for Considering Loans as Special Mention or Classified | 75 days | ||
Financing Receivable, Reclassification to Held-for-sale | $ 0 | ||
Financing Receivable, Troubled Debt Restructuring | $ 5,435 | $ 10,648 | $ 5,661 |
Financing Receivable, Modifications, Number of Contracts | 0 | 2 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | ||
Real Estate Construction Portfolio Segment[Member] | |||
Financing Receivable, Modifications, Number of Contracts | 2 | ||
Consumer Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Troubled Debt Restructuring | $ 263 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 7 | ||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 1 | ||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | ||
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 L_4
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, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Balance | $ 7,390 | $ 7,925 | $ 7,925 |
Charge-offs | (328) | (139) | (689) |
Recoveries | 98 | 77 | 235 |
Provision for (recovery of) loan losses | 200 | (472) | (81) |
Balance | 7,360 | 7,391 | 7,390 |
Real Estate Construction Portfolio Segment[Member] | |||
Balance | 398 | 337 | 337 |
Charge-offs | 0 | ||
Recoveries | 0 | 0 | 0 |
Provision for (recovery of) loan losses | 70 | (42) | 61 |
Balance | 468 | 295 | 398 |
Consumer Real Estate Portfolio Segment [Member] | |||
Balance | 2,049 | 2,027 | 2,027 |
Charge-offs | (16) | (38) | |
Recoveries | 3 | ||
Provision for (recovery of) loan losses | 58 | (98) | 57 |
Balance | 2,091 | 1,929 | 2,049 |
Commercial Real Estate Portfolio Segment [Member] | |||
Balance | 2,798 | 3,044 | 3,044 |
Charge-offs | (150) | ||
Recoveries | 12 | 12 | 49 |
Provision for (recovery of) loan losses | 327 | (266) | (295) |
Balance | 2,987 | 2,790 | 2,798 |
Commercial Non Real Estate Segment [Member] | |||
Balance | 602 | 1,072 | 1,072 |
Charge-offs | (107) | ||
Recoveries | 7 | 22 | |
Provision for (recovery of) loan losses | (27) | (163) | (385) |
Balance | 575 | 916 | 602 |
Public Sector and IDA Portfolio Segment[Member] | |||
Balance | 583 | 419 | 419 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision for (recovery of) loan losses | (58) | 13 | 164 |
Balance | 525 | 432 | 583 |
Consumer Non Real Estate Portfolio Segment [Member] | |||
Balance | 750 | 707 | 707 |
Charge-offs | (162) | (139) | (544) |
Recoveries | 86 | 58 | 161 |
Provision for (recovery of) loan losses | 54 | 426 | |
Balance | 674 | 680 | 750 |
Unallocated Financing Receivables [Member] | |||
Balance | 210 | 319 | 319 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision for (recovery of) loan losses | (170) | 30 | (109) |
Balance | $ 40 | $ 349 | $ 210 |
Note 3 - Allowance for Loan L_5
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, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Allowance for loan losses, individually evaluated for impairment | $ 132 | $ 139 | ||
Allowance for loan losses, collectively evaluated for impairment | 7,228 | 7,251 | ||
Allowance for loan losses | 7,360 | 7,390 | $ 7,391 | $ 7,925 |
Loans, individually evaluated for impairment | 6,337 | 6,820 | ||
Loans, collectively evaluated for impairment | 712,619 | 703,577 | ||
Loans | 718,956 | 710,397 | ||
Real Estate Construction Portfolio Segment[Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 468 | 398 | ||
Allowance for loan losses | 468 | 398 | 295 | 337 |
Loans, individually evaluated for impairment | ||||
Loans, collectively evaluated for impairment | 41,156 | 37,845 | ||
Loans | 41,156 | 37,845 | ||
Consumer Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 3 | 4 | ||
Allowance for loan losses, collectively evaluated for impairment | 2,088 | 2,045 | ||
Allowance for loan losses | 2,091 | 2,049 | 1,929 | 2,027 |
Loans, individually evaluated for impairment | 1,187 | 1,452 | ||
Loans, collectively evaluated for impairment | 175,659 | 174,004 | ||
Loans | 176,846 | 175,456 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | |||
Allowance for loan losses, collectively evaluated for impairment | 2,987 | 2,798 | ||
Allowance for loan losses | 2,987 | 2,798 | 2,790 | 3,044 |
Loans, individually evaluated for impairment | 4,151 | 4,340 | ||
Loans, collectively evaluated for impairment | 357,418 | 349,206 | ||
Loans | 361,569 | 353,546 | ||
Commercial Non Real Estate Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 129 | 135 | ||
Allowance for loan losses, collectively evaluated for impairment | 446 | 467 | ||
Allowance for loan losses | 575 | 602 | 916 | 1,072 |
Loans, individually evaluated for impairment | 989 | 1,015 | ||
Loans, collectively evaluated for impairment | 44,323 | 45,520 | ||
Loans | 45,312 | 46,535 | ||
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 | 525 | 583 | ||
Allowance for loan losses | 525 | 583 | 432 | 419 |
Loans, individually evaluated for impairment | 0 | 0 | ||
Loans, collectively evaluated for impairment | 61,075 | 60,777 | ||
Loans | 61,075 | 60,777 | ||
Consumer Non Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | ||||
Allowance for loan losses, collectively evaluated for impairment | 674 | 750 | ||
Allowance for loan losses | 674 | 750 | 680 | 707 |
Loans, individually evaluated for impairment | 10 | 13 | ||
Loans, collectively evaluated for impairment | 32,988 | 36,225 | ||
Loans | 32,998 | 36,238 | ||
Unallocated Financing Receivables [Member] | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 40 | 210 | ||
Allowance for loan losses | 40 | 210 | $ 349 | $ 319 |
Loans, individually evaluated for impairment | 0 | 0 | ||
Loans, collectively evaluated for impairment | 0 | |||
Loans | $ 0 |
Note 3 - Allowance for Loan L_6
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, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | ||
Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs | 1.02% | 1.12% | 1.04% | |
Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs(1) | [1] | 0.13% | 0.04% | 0.07% |
[1] | Net charge-offs are on an annualized basis. |
Note 3 - Allowance for Loan L_7
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Nonperforming Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | |||
Nonperforming assets: | ||||||
Nonaccrual loans | $ 294 | $ 311 | $ 6 | |||
Restructured loans in nonaccrual | 3,440 | 3,109 | 2,758 | |||
Total nonperforming loans | 3,734 | [1],[2] | 3,420 | [1],[2] | 2,764 | |
Other real estate owned, net | 2,025 | 2,052 | 2,741 | |||
Total nonperforming assets | $ 5,759 | $ 5,472 | $ 5,505 | |||
Ratio of nonperforming assets to loans, net of unearned income and deferred fees and costs, plus other real estate owned | 0.80% | 0.77% | 0.83% | |||
Ratio of allowance for loan losses to nonperforming loans(1) | [3] | 197.11% | 216.08% | 267.40% | ||
[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 L_8
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, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | ||||
Loans past due 90 days or more and still accruing | $ 55 | [1] | $ 52 | $ 35 | [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% | 0.00% | |||
Accruing restructured loans | $ 1,995 | $ 7,890 | $ 2,552 | |||
Impaired loans: | ||||||
Impaired loans with no valuation allowance | 5,212 | [2] | 10,233 | 5,667 | [2] | |
Impaired loans with a valuation allowance | 1,125 | [2] | 1,448 | 1,153 | [2] | |
Total impaired loans | 6,337 | [2] | 11,681 | 6,820 | [2] | |
Valuation allowance | (132) | (169) | (139) | |||
Impaired loans, net of allowance | 6,205 | 11,512 | 6,681 | |||
Average recorded investment in impaired loans(1) | [3],[4] | 6,597 | 11,754 | 9,788 | [5] | |
Interest income recognized on impaired loans, after designation as impaired | 49 | 120 | 250 | [5] | ||
Amount of income recognized on a cash basis | $ 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 L_9
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Impaired Loans and Associated Reserves (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | |||
Principal balance | $ 6,759 | $ 7,211 | ||||
Total recorded investment | 6,337 | [1] | 6,820 | [1] | $ 11,681 | |
Recorded investment for which there is no related allowance | 5,212 | [1] | 5,667 | [1] | 10,233 | |
Recorded investment for which there is a related allowance | 1,125 | [1] | 1,153 | [1] | 1,448 | |
Related allowance | 132 | 139 | 169 | |||
Impaired loans with no valuation allowance | 5,212 | [1] | 5,667 | [1] | 10,233 | |
Impaired loans with a valuation allowance | 1,125 | [1] | 1,153 | [1] | $ 1,448 | |
Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Principal balance | [2] | 493 | 728 | |||
Total recorded investment | [1],[2] | 478 | 719 | |||
Recorded investment for which there is no related allowance | [1],[2] | 478 | 719 | |||
Recorded investment for which there is a related allowance | [1],[2] | |||||
Related allowance | [2] | |||||
Impaired loans with no valuation allowance | [1],[2] | 478 | 719 | |||
Impaired loans with a valuation allowance | [1],[2] | |||||
Consumer Real Estate Portfolio Segment [Member] | Closed End Junior Liens [Member] | ||||||
Principal balance | [2] | 139 | 144 | |||
Total recorded investment | [1],[2] | 139 | 143 | |||
Recorded investment for which there is no related allowance | [1],[2] | 0 | 0 | |||
Recorded investment for which there is a related allowance | [1],[2] | 139 | 143 | |||
Related allowance | [2] | 3 | 4 | |||
Impaired loans with no valuation allowance | [1],[2] | 0 | 0 | |||
Impaired loans with a valuation allowance | [1],[2] | 139 | 143 | |||
Consumer Real Estate Portfolio Segment [Member] | Investor Owned Residential Real Estate [Member] | ||||||
Principal balance | [2] | 580 | 593 | |||
Total recorded investment | [1],[2] | 570 | 590 | |||
Recorded investment for which there is no related allowance | [1],[2] | 570 | 590 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | ||||
Related allowance | [2] | 0 | ||||
Impaired loans with no valuation allowance | [1],[2] | 570 | 590 | |||
Impaired loans with a valuation allowance | [1],[2] | 0 | ||||
Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||||
Principal balance | [2] | 476 | 485 | |||
Total recorded investment | [1],[2] | 469 | 483 | |||
Recorded investment for which there is no related allowance | [1],[2] | 469 | 483 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | ||||
Related allowance | [2] | 0 | 0 | |||
Impaired loans with no valuation allowance | [1],[2] | 469 | 483 | |||
Impaired loans with a valuation allowance | [1],[2] | 0 | ||||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate, Owner Occupied [Member] | ||||||
Principal balance | [2] | 1,201 | 1,363 | |||
Total recorded investment | [1],[2] | 1,199 | 1,363 | |||
Recorded investment for which there is no related allowance | [1],[2] | 1,199 | 1,363 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | ||||
Related allowance | [2] | 0 | ||||
Impaired loans with no valuation allowance | [1],[2] | 1,199 | 1,363 | |||
Impaired loans with a valuation allowance | [1],[2] | 0 | ||||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Principal balance | [2] | 2,867 | 2,867 | |||
Total recorded investment | [1],[2] | 2,483 | 2,494 | |||
Recorded investment for which there is no related allowance | [1],[2] | 2,483 | 2,494 | |||
Recorded investment for which there is a related allowance | [1],[2] | 0 | 0 | |||
Related allowance | [2] | 0 | 0 | |||
Impaired loans with no valuation allowance | [1],[2] | 2,483 | 2,494 | |||
Impaired loans with a valuation allowance | [1],[2] | 0 | 0 | |||
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Principal balance | [2] | 993 | 1,018 | |||
Total recorded investment | [1],[2] | 989 | 1,015 | |||
Recorded investment for which there is no related allowance | [1],[2] | 3 | 5 | |||
Recorded investment for which there is a related allowance | [1],[2] | 986 | 1,010 | |||
Related allowance | [2] | 129 | 135 | |||
Impaired loans with no valuation allowance | [1],[2] | 3 | 5 | |||
Impaired loans with a valuation allowance | [1],[2] | 986 | 1,010 | |||
Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Principal balance | [2] | 10 | 13 | |||
Total recorded investment | [1],[2] | 10 | 13 | |||
Recorded investment for which there is no related allowance | [1],[2] | 10 | 13 | |||
Recorded investment for which there is a related allowance | [1],[2] | |||||
Related allowance | [2] | 0 | ||||
Impaired loans with no valuation allowance | [1],[2] | 10 | 13 | |||
Impaired loans with a valuation allowance | [1],[2] | |||||
[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 _10
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, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | ||||
Average recorded investment in impaired loans(1) | [1],[2] | $ 6,597 | $ 11,754 | $ 9,788 | [3] | |
Interest income recognized on impaired loans, after designation as impaired | 49 | 120 | 250 | [3] | ||
Closed End First Liens [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||||
Average recorded investment in impaired loans(1) | [1],[3] | 710 | 3,387 | 1,202 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 9 | 10 | 41 | ||
Construction, 1-4 Family Residential [Member] | Real Estate Construction Portfolio Segment[Member] | ||||||
Average recorded investment in impaired loans(1) | [1],[3] | 839 | ||||
Interest income recognized on impaired loans, after designation as impaired | [3] | 38 | ||||
Closed End Junior Liens [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||||
Average recorded investment in impaired loans(1) | [1],[3] | 142 | 253 | 159 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 2 | 3 | 9 | ||
Investor Owned Residential Real Estate [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||||
Average recorded investment in impaired loans(1) | [1],[3] | 570 | 323 | 808 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 9 | 4 | 23 | ||
Multifamily Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Average recorded investment in impaired loans(1) | [1],[3] | 471 | 372 | 491 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 7 | 4 | 20 | ||
Commercial Real Estate, Owner Occupied [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Average recorded investment in impaired loans(1) | [1],[3] | 1,207 | 2,648 | 3,038 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 5 | 50 | 75 | ||
Commercial Real Estate Other [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Average recorded investment in impaired loans(1) | [1],[3] | 2,484 | 2,384 | 2,744 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 11 | 54 | |||
Commercial and Industrial [Member] | Commercial Non Real Estate Segment [Member] | ||||||
Average recorded investment in impaired loans(1) | [1],[3] | 1,002 | 939 | 1,326 | ||
Interest income recognized on impaired loans, after designation as impaired | [3] | 6 | 11 | 27 | ||
Automobile Loan [Member] | Consumer Non Real Estate Portfolio Segment [Member] | ||||||
Average recorded investment in impaired loans(1) | [1] | 11 | [3] | 609 | 20 | |
Interest income recognized on impaired loans, after designation as impaired | [3] | $ 1 | [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 _11
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | |||
Loans past due 90 days or more and still accruing | $ 55 | [1] | $ 35 | [1] | $ 52 | |
Nonaccruals | 3,734 | [1],[2] | 3,420 | [1],[2] | $ 2,764 | |
Construction, Other [Member] | Equity Lines [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | |||||
Nonaccruals | [1],[2] | |||||
Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 19 | ||||
Nonaccruals | [1],[2] | 270 | 278 | |||
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] | 240 | 451 | |||
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] | 181 | 192 | |||
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] | 560 | ||||
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] | 2,483 | 2,494 | |||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 2 | ||||
Nonaccruals | [1],[2] | 5 | ||||
Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 1 | ||||
Nonaccruals | [1],[2] | |||||
Consumer Non Real Estate Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 3 | ||||
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] | 31 | 29 | |||
Nonaccruals | [1],[2] | |||||
Consumer Non Real Estate Portfolio Segment [Member] | Other Consumer Loans [Member] | ||||||
Loans past due 90 days or more and still accruing | [1] | 1 | 4 | |||
Nonaccruals | [1],[2] | 0 | 0 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | ||||||
Loans past due and accruing | [1] | 1,822 | 1,635 | |||
Financing Receivables 30 to 89 Days Past Due [Member] | Construction, Other [Member] | Equity Lines [Member] | ||||||
Loans past due and accruing | [1] | 20 | ||||
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] | 1,225 | 647 | |||
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] | 176 | 11 | |||
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] | |||||
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] | 291 | ||||
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] | 325 | ||||
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 Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due and accruing | [1] | 10 | ||||
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] | 91 | ||||
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] | 6 | 5 | |||
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] | 261 | 296 | |||
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] | 43 | 50 | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
Loans past due and accruing | [1] | 579 | 346 | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction, Other [Member] | Equity Lines [Member] | ||||||
Loans past due and accruing | [1] | |||||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Real Estate Portfolio Segment [Member] | Closed End First Liens [Member] | ||||||
Loans past due and accruing | [1] | 41 | 119 | |||
Financial Asset, Equal to or 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 | ||||
Financial Asset, Equal to or 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] | 240 | ||||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||||
Loans past due and accruing | [1] | 192 | ||||
Financial Asset, Equal to or 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] | 262 | ||||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Loans past due and accruing | [1] | |||||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due and accruing | [1] | 2 | ||||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Non Real Estate Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans past due and accruing | [1] | 1 | ||||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||||
Loans past due and accruing | [1] | 3 | ||||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Loans past due and accruing | [1] | 31 | 29 | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Non Real Estate Portfolio Segment [Member] | Other Consumer Loans [Member] | ||||||
Loans past due and accruing | [1] | $ 1 | $ 4 | |||
[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 _12
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | ||
Loans, collectively evaluated for impairment | $ 712,619 | $ 703,577 | ||
Real Estate Construction Portfolio Segment[Member] | ||||
Loans, collectively evaluated for impairment | 41,156 | 37,845 | ||
Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | 175,659 | 174,004 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | 357,418 | 349,206 | ||
Commercial Non Real Estate Segment [Member] | ||||
Loans, collectively evaluated for impairment | 44,323 | 45,520 | ||
Consumer Non Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | 32,988 | 36,225 | ||
Pass [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 709,878 | 701,387 | |
Pass [Member] | States Political Subdivisions [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 61,075 | 60,777 | |
Special Mention [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 1,391 | 1,455 | |
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] | 1,350 | 735 | |
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 | 8,436 | 9,264 | [1] | |
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 | 32,700 | 28,560 | [1] | |
Construction, Other [Member] | Special Mention [Member] | Real Estate Construction Portfolio Segment[Member] | ||||
Loans, collectively evaluated for impairment | [1] | 20 | 21 | |
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 | [1] | 16,290 | 16,026 | |
Equity Lines [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 39 | 38 | |
Equity Lines [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 97 | 0 | |
Closed End First Liens [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 91,442 | 92,253 | |
Closed End First Liens [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 1,085 | 994 | |
Closed End First Liens [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 1,116 | 582 | |
Closed End Junior Liens [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 4,075 | 3,954 | |
Closed End Junior Liens [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | |||
Closed End Junior Liens [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | |||
Investor Owned Residential Real Estate [Member] | Pass [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 61,508 | 60,157 | |
Investor Owned Residential Real Estate [Member] | Special Mention [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 7 | ||
Investor Owned Residential Real Estate [Member] | Classified Excluding Impaired [Member] | Consumer Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | |||
Multifamily Real Estate [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 98,155 | 98,582 | |
Multifamily Real Estate [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | |||
Multifamily Real Estate [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 0 | ||
Commercial Real Estate, Owner Occupied [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 125,961 | 123,225 | |
Commercial Real Estate, Owner Occupied [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 72 | 211 | |
Commercial Real Estate, Owner Occupied [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 32 | 32 | |
Commercial Real Estate Other [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 133,198 | 127,156 | |
Commercial Real Estate Other [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | |||
Commercial Real Estate Other [Member] | Classified Excluding Impaired [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | |||
Commercial and Industrial [Member] | Pass [Member] | Commercial Non Real Estate Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 44,193 | 45,420 | |
Commercial and Industrial [Member] | Special Mention [Member] | Commercial Non Real Estate Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 86 | 54 | |
Commercial and Industrial [Member] | Classified Excluding Impaired [Member] | Commercial Non Real Estate Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 44 | 46 | |
Credit Card Receivable [Member] | Pass [Member] | Consumer Non Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 5,445 | 5,724 | |
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 | [1] | 15,615 | 18,598 | |
Automobile Loan [Member] | Special Mention [Member] | Consumer Non Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 71 | 133 | |
Automobile Loan [Member] | Classified Excluding Impaired [Member] | Consumer Non Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 53 | 71 | |
Other Consumer Loans [Member] | Pass [Member] | Consumer Non Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 11,785 | 11,691 | |
Other Consumer Loans [Member] | Special Mention [Member] | Consumer Non Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | 11 | 4 | |
Other Consumer Loans [Member] | Classified Excluding Impaired [Member] | Consumer Non Real Estate Portfolio Segment [Member] | ||||
Loans, collectively evaluated for impairment | [1] | $ 8 | $ 4 | |
[1] | Excludes impaired, if any. |
Note 3 - Allowance for Loan _13
Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Restructurings By Class (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018USD ($) | |
Number of contracts | 0 | 2 |
Pre-modification outstanding principal balance | $ 2,882 | |
Post-modification outstanding principal balance | $ 2,882 | |
Real Estate Construction Portfolio Segment[Member] | ||
Number of contracts | 2 | |
Real Estate Construction Portfolio Segment[Member] | Construction Loans [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 | 3 Months Ended | |||
Jun. 30, 2018USD ($) | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Mar. 31, 2018USD ($) | |
Debt Securities, Held-to-maturity, Fair Value, Total | $ 119,790 | $ 124,549 | ||
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment | 118,662 | 122,905 | ||
Other Comprehensive Income (Loss), Transfers from Held-to-maturity to Available-for-Sale Securities, before Tax | $ 1,128 | |||
Number of Temporarily Impaired Securities | 266 | |||
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 252,300 | |||
Continuous Unrealized Loss Position Aggregate Losses | $ 3,208 | |||
Number of Temporarily Impaired Securities Greater than Twelve Months | 264 | |||
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | $ 250,803 | $ 281,626 | ||
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | 3,123 | 7,365 | ||
Federal Home Loan Bank of Atlanta [Member] | National Bank of Blacksburg [Member] | ||||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 522,582 | |||
Restricted Stock [Member] | ||||
Restricted Investments | $ 1,220 | 1,220 | ||
US Government Agencies Debt Securities [Member] | ||||
Debt Securities, Held-to-maturity, Fair Value, Total | 4,032 | |||
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment | 3,934 | |||
Number of Temporarily Impaired Securities | 239 | |||
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 235,610 | |||
Continuous Unrealized Loss Position Aggregate Losses | 2,859 | |||
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | 235,610 | 259,992 | ||
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | $ 2,859 | 6,450 | ||
US States and Political Subdivisions Debt Securities [Member] | ||||
Debt Securities, Held-to-maturity, Fair Value, Total | 119,326 | |||
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment | 117,791 | |||
Number of Temporarily Impaired Securities | 22 | |||
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 12,300 | |||
Continuous Unrealized Loss Position Aggregate Losses | 164 | |||
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | 12,300 | 20,758 | ||
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | $ 164 | 814 | ||
Corporate Debt Securities [Member] | ||||
Debt Securities, Held-to-maturity, Fair Value, Total | 977 | |||
Debt Securities, Held-to-maturity, Amortized Cost, before Other-than-temporary Impairment | $ 984 | |||
Number of Temporarily Impaired Securities | 3 | |||
Available-for-sale and Held to Maturity Securities Continuous Unrealized Loss Position Fair Value | $ 2,893 | |||
Continuous Unrealized Loss Position Aggregate Losses | 100 | |||
Continuous Unrealized Loss Position Twelve Months or Longer Fair Value | 2,893 | 876 | ||
Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | $ 100 | $ 101 |
Note 4 - Securities - Securitie
Note 4 - Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Securities available-for-sale, amortized costs | $ 405,313 | $ 431,428 |
Securities available-for-sale, gross unrealized gains | 2,540 | 1,709 |
Securities available-for-sale, gross unrealized losses | 3,208 | 8,127 |
Securities available-for-sale, fair values | 404,645 | 425,010 |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 291,215 | 306,264 |
Securities available-for-sale, gross unrealized gains | 987 | 449 |
Securities available-for-sale, gross unrealized losses | 2,860 | 6,666 |
Securities available-for-sale, fair values | 289,342 | 300,047 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 109,556 | 118,564 |
Securities available-for-sale, gross unrealized gains | 1,506 | 1,218 |
Securities available-for-sale, gross unrealized losses | 248 | 1,166 |
Securities available-for-sale, fair values | 110,814 | 118,616 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available-for-sale, amortized costs | 550 | 586 |
Securities available-for-sale, gross unrealized gains | 46 | 42 |
Securities available-for-sale, gross unrealized losses | 0 | 0 |
Securities available-for-sale, fair values | 596 | 628 |
Corporate Debt Securities [Member] | ||
Securities available-for-sale, amortized costs | 3,992 | 6,014 |
Securities available-for-sale, gross unrealized gains | 1 | |
Securities available-for-sale, gross unrealized losses | 100 | 295 |
Securities available-for-sale, fair values | $ 3,893 | $ 5,719 |
Note 4 - Securities - Securit_2
Note 4 - Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Amortized cost, due in one year or less, available for sale securities | $ 62,607 | |
Fair value, due in one year or less, available for sale securities | 62,459 | |
Amortized cost, due after one year through five years, available for sale securities | 174,190 | |
Fair value, due after one year through five years, available for sale securities | 172,334 | |
Amortized cost, due after five years through ten years, available for sale securities | 82,061 | |
Fair value, due after five years through ten years, available for sale securities | 82,551 | |
Amortized cost, due after ten years, available for sale securities | 86,455 | |
Fair value, due after ten years, available for sale securities | 87,301 | |
Amortized cost, total securities available for sale | 405,313 | $ 431,428 |
Fair value, total securities available for sale | $ 404,645 | $ 425,010 |
Note 4 - Securities - Securit_3
Note 4 - Securities - Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Mar. 31, 2018 |
Securities held-to-maturity, amortized costs | $ 118,662 | $ 122,905 |
Securities held-to-maturity, gross unrealized gains | 2,301 | |
Securities held-to-maturity, gross unrealized losses | 657 | |
Securities held-to-maturity, fair values | $ 119,790 | 124,549 |
US Government Agencies Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 3,934 | |
Securities held-to-maturity, gross unrealized gains | 99 | |
Securities held-to-maturity, gross unrealized losses | 1 | |
Securities held-to-maturity, fair values | 4,032 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 117,791 | |
Securities held-to-maturity, gross unrealized gains | 2,184 | |
Securities held-to-maturity, gross unrealized losses | 649 | |
Securities held-to-maturity, fair values | 119,326 | |
Collateralized Mortgage Backed Securities [Member] | ||
Securities held-to-maturity, amortized costs | 196 | |
Securities held-to-maturity, gross unrealized gains | 18 | |
Securities held-to-maturity, gross unrealized losses | ||
Securities held-to-maturity, fair values | 214 | |
Corporate Debt Securities [Member] | ||
Securities held-to-maturity, amortized costs | 984 | |
Securities held-to-maturity, gross unrealized gains | ||
Securities held-to-maturity, gross unrealized losses | 7 | |
Securities held-to-maturity, fair values | $ 977 |
Note 4 - Securities - Securit_4
Note 4 - Securities - Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Temporarily impaired securities, less than 12 months, fair value | $ 1,497 | $ 39,454 |
Temporarily impaired securities, less than 12 months unrealized loss | 85 | 762 |
Temporarily impaired securities, 12 months or more fair value | 250,803 | 281,626 |
Temporarily impaired securities, 12 months or more unrealized loss | 3,123 | 7,365 |
US Government Agencies Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 941 | 17,730 |
Temporarily impaired securities, less than 12 months unrealized loss | 1 | 216 |
Temporarily impaired securities, 12 months or more fair value | 235,610 | 259,992 |
Temporarily impaired securities, 12 months or more unrealized loss | 2,859 | 6,450 |
US States and Political Subdivisions Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 556 | 16,882 |
Temporarily impaired securities, less than 12 months unrealized loss | 84 | 352 |
Temporarily impaired securities, 12 months or more fair value | 12,300 | 20,758 |
Temporarily impaired securities, 12 months or more unrealized loss | 164 | 814 |
Corporate Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 4,842 | |
Temporarily impaired securities, less than 12 months unrealized loss | 194 | |
Temporarily impaired securities, 12 months or more fair value | 2,893 | 876 |
Temporarily impaired securities, 12 months or more unrealized loss | $ 100 | $ 101 |
Note 6 - Defined Benefit Plan_2
Note 6 - Defined Benefit Plan (Details Textual) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
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 | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Service cost | $ 200 | $ 217 |
Interest cost | 221 | 200 |
Expected return on plan assets | (365) | (400) |
Amortization of prior service cost | (27) | (27) |
Recognized net actuarial loss | 158 | 146 |
Net periodic benefit cost | $ 187 | $ 136 |
Note 7 - Fair Value Measureme_3
Note 7 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Loans Held-for-sale [Member] | Changes Measurement [Member] | Fair Value, Nonrecurring [Member] | ||
Assets, Fair Value Adjustment | $ 0 | $ 0 |
Note 7 - Fair Value Measureme_4
Note 7 - Fair Value Measurements - Assets and Liabilities at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Securities available for sale | $ 404,645 | $ 425,010 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 404,645 | 425,010 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 289,342 | 300,047 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 289,342 | 300,047 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale | 110,814 | 118,616 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 110,814 | 118,616 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale | 596 | 628 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 596 | 628 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
Corporate Debt Securities [Member] | ||
Securities available for sale | 3,893 | 5,719 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 3,893 | 5,719 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | $ 0 | $ 0 |
Note 7 - Fair Value Measureme_5
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, 2019 | Dec. 31, 2018 |
Impaired loans net of valuation allowance | $ 993 | $ 1,014 |
Other real estate owned net of valuation allowance | 2,025 | 2,052 |
Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans net of valuation allowance | 0 | |
Other real estate owned net of valuation allowance | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans net of valuation allowance | 0 | |
Other real estate owned net of valuation allowance | 0 | |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans net of valuation allowance | 993 | 1,014 |
Other real estate owned net of valuation allowance | $ 2,025 | $ 2,052 |
Note 7 - Fair Value Measureme_6
Note 7 - Fair Value Measurements - Level 3 Fair Value Measurements (Details) - Valuation, Market Approach [Member] | Mar. 31, 2019 | Dec. 31, 2018 | |
Measurement Input, Discount Rate [Member] | Minimum [Member] | |||
Discount rate | 0.055 | 0.055 | |
Measurement Input, Discount Rate [Member] | Maximum [Member] | |||
Discount rate | 0.0725 | 0.0725 | |
Measurement Input, Discount Rate [Member] | Weighted Average [Member] | |||
Discount rate | 0.0582 | 0.0605 | |
Measurement Input, Cost to Sell [Member] | Minimum [Member] | |||
Level 3 Fair Value Measurements | [1] | 0 | 0 |
Measurement Input, Cost to Sell [Member] | Maximum [Member] | |||
Level 3 Fair Value Measurements | 0.06 | 0.06 | |
Measurement Input, Cost to Sell [Member] | Weighted Average [Member] | |||
Level 3 Fair Value Measurements | 0.0004 | 0.0012 | |
Measurement Input, Discount for Lack of Marketability and Age of Appraisal [Member] | Minimum [Member] | |||
Level 3 Fair Value Measurements | 0 | 0 | |
Measurement Input, Discount for Lack of Marketability and Age of Appraisal [Member] | Maximum [Member] | |||
Level 3 Fair Value Measurements | 0.1067 | 0.5005 | |
Measurement Input, Discount for Lack of Marketability and Age of Appraisal [Member] | Weighted Average [Member] | |||
Level 3 Fair Value Measurements | 0.0008 | 0.0145 | |
[1] | The Company markets other real estate owned both independently and with local realtors. Properties marketed by realtors are discounted by selling costs. Properties that the Company markets independently are not discounted by selling costs. |
Note 7 - Fair Value Measureme_7
Note 7 - Fair Value Measurements - Financial Instruments (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Reported Value Measurement [Member] | ||
Cash and due from banks | $ 15,332,000 | $ 12,882,000 |
Interest-bearing deposits | 53,381,000 | 43,491,000 |
Securities | 404,645,000 | 425,010,000 |
Restricted securities | 1,220,000 | 1,220,000 |
Loans held for sale | 602,000 | 72 |
Loans, net | 711,011,000 | 702,409,000 |
Accrued interest receivable | 5,401,000 | 5,160,000 |
Bank-owned life insurance | 34,876,000 | 34,657,000 |
Deposits | 1,060,205,000 | 1,051,942,000 |
Accrued interest payable | 140,000 | 89,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 15,332,000 | 12,882,000 |
Interest-bearing deposits | 53,381,000 | 43,491,000 |
Securities | 0 | 0 |
Restricted securities | 0 | 0 |
Loans held for sale | ||
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Bank-owned life insurance | 0 | 0 |
Deposits | 0 | 0 |
Accrued interest payable | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and due from banks | 0 | 0 |
Interest-bearing deposits | 0 | 0 |
Securities | 404,645,000 | 425,010,000 |
Restricted securities | 1,220,000 | 1,220,000 |
Loans held for sale | 602,000 | 72 |
Loans, net | 0 | 0 |
Accrued interest receivable | 5,401,000 | 5,160,000 |
Bank-owned life insurance | 34,876,000 | 34,657,000 |
Deposits | 930,351,000 | 950,143,000 |
Accrued interest payable | 140,000 | 89,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and due from banks | 0 | 0 |
Interest-bearing deposits | 0 | 0 |
Securities | 0 | 0 |
Restricted securities | 0 | 0 |
Loans held for sale | ||
Loans, net | 694,716,000 | 684,565,000 |
Accrued interest receivable | 0 | 0 |
Bank-owned life insurance | 0 | 0 |
Deposits | 109,801,000 | 101,749,000 |
Accrued interest payable | $ 0 | $ 0 |
Note 8 - Components of Accumu_3
Note 8 - Components of Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Balance | $ 190,238 | $ 184,896 |
Balance | 181,228 | 185,537 |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||
Balance | (5,072) | (3,704) |
Unrealized holding gain (loss) on available for sale securities, net of tax | 4,553 | (2,655) |
Reclassification adjustment, net of tax | (9) | |
Balance | (528) | (6,359) |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||
Balance | (7,013) | (5,991) |
Unrealized holding gain (loss) on available for sale securities, net of tax | 0 | 0 |
Reclassification adjustment, net of tax | 0 | |
Balance | (7,013) | (5,991) |
AOCI Attributable to Parent [Member] | ||
Balance | (12,085) | (9,695) |
Unrealized holding gain (loss) on available for sale securities, net of tax | 4,553 | (2,655) |
Reclassification adjustment, net of tax | (9) | |
Balance | $ (7,541) | $ (12,350) |
Note 8 - Components of Accumu_4
Note 8 - Components of Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Income (Loss) (Details) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | $ 1,209 | $ (706) |
Reclassification adjustment for gain included in net income, taxes | (3) | |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | 0 | 0 |
Reclassification adjustment for gain included in net income, taxes | 0 | |
AOCI Attributable to Parent [Member] | ||
Unrealized holding gain (loss) on available for sale securities, tax | 1,209 | $ (706) |
Reclassification adjustment for gain included in net income, taxes | $ (3) |
Note 9 - Revenue Recognition -
Note 9 - Revenue Recognition - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Noninterest Income (in-scope of Topic 606) | $ 1,484 | $ 1,540 |
Noninterest Income (out-of-scope of Topic 606) | 1,005 | 483 |
Total noninterest income | 2,489 | 2,023 |
Deposit Account [Member] | ||
Noninterest Income (in-scope of Topic 606) | 590 | 670 |
Product and Service, Other [Member] | ||
Noninterest Income (in-scope of Topic 606) | 52 | 33 |
Credit and Debit Card [Member] | ||
Noninterest Income (in-scope of Topic 606) | 309 | 344 |
Fiduciary and Trust [Member] | ||
Noninterest Income (in-scope of Topic 606) | 397 | 402 |
Insurance and Investment [Member] | ||
Noninterest Income (in-scope of Topic 606) | $ 136 | $ 91 |
Note 10 - Leases (Details Textu
Note 10 - Leases (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Operating Lease, Right-of-Use Asset | $ 2,190 | ||
Operating Lease, Liability, Total | $ 2,192 | ||
Accounting Standards Update 2016-02 [Member] | |||
Operating Lease, Right-of-Use Asset | $ 684 | ||
Operating Lease, Liability, Total | $ 684 |
Note 10 - Leases - Lease Inform
Note 10 - Leases - Lease Information and Expenses (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Lease liability | $ 2,192 | ||
Right-of-use asset | $ 2,190 | ||
Weighted average remaining lease term (in years) (Year) | 7 years 302 days | ||
Weighted average discount rate | 3.19% | ||
Operating lease expense | $ 59 | ||
Short-term lease expense | 39 | ||
Total lease expense | 98 | 75 | |
Cash paid for amounts included in lease liabilities | 56 | ||
Right-of-use assets obtained in exchange for operating lease liabilities commencing during the period | $ 1,553 |
Note 10 - Leases - Lease Liabil
Note 10 - Leases - Lease Liability Maturity Schedule (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Nine months ending December 31, 2019 | $ 224 | |
Twelve months ending December 31, 2020 | 294 | |
Twelve months ending December 31, 2021 | 286 | |
Twelve months ending December 31, 2022 | 289 | |
Twelve months ending December 31, 2023 | 291 | |
Twelve months ending December 31, 2024 | 294 | |
Thereafter | 848 | |
Total undiscounted cash flows | 2,526 | |
Less: discount | (334) | |
Lease liability | $ 2,192 |