ChoiceOne Financial Services (COFS) 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 30, 2018
Document And Entity Information
Entity Registrant Name	CHOICEONE FINANCIAL SERVICES INC
Entity Central Index Key	803,164
Document Type	10-Q
Trading Symbol	COFS
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,447,198
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 13,985	$ 36,837
Equity securities at fair value (Note 2)	3,305
Securities available for sale (Note 2)	164,195	155,591
Federal Home Loan Bank stock	1,994	1,994
Federal Reserve Bank stock	1,573	1,573
Loans held for sale	1,240	1,721
Loans to other financial institutions	5,637	6,802
Loans (Note 3)	386,440	398,785
Allowance for loan losses (Note 3)	(4,709)	(4,577)
Loans, net	381,731	394,208
Premises and equipment, net	13,348	12,855
Cash surrender value of life insurance policies	14,608	14,514
Goodwill	13,728	13,728
Other assets	7,398	6,721
Total assets	622,742	646,544
Liabilities
Deposits - noninterest-bearing	146,912	151,462
Deposits - interest-bearing	385,362	388,391
Total deposits	532,274	539,853
Repurchase agreements	2,461	7,148
Advances from Federal Home Loan Bank	10,259	20,268
Other liabilities	2,134	2,725
Total liabilities	547,128	569,994
Shareholders' Equity
Common stock and paid in capital, no par value; shares authorized: 7,000,000; shares outstanding: 3,439,837 at March 31, 2018 and 3,448,569 at December 31, 2017	50,139	50,290
Retained earnings	27,306	26,023
Accumulated other comprehensive income (loss), net	(1,831)	237
Total shareholders' equity	75,614	76,550
Total liabilities and shareholders' equity	$ 622,742	$ 646,544

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - shares	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, authorized	7,000,000	7,000,000
Common stock, outstanding	3,439,837	3,448,569

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Interest income
Loans, including fees	$ 4,653	$ 4,164
Securities:
Taxable	628	621
Tax exempt	361	361
Other	57	15
Total interest income	5,699	5,161
Interest expense
Deposits	346	248
Advances from Federal Home Loan Bank	45	55
Other	1	3
Total interest expense	392	306
Net interest income	5,307	4,855
Provision for loan losses (Note 3)	35
Net interest income after provision for loan losses	5,272	4,855
Noninterest income
Customer service charges	1,055	974
Insurance and investment commissions	62	238
Gains on sales of loans	261	224
Gains on sales of securities	9	66
Net gain on sales of other assets	8
Earnings on life insurance policies	94	99
Other	159	131
Total noninterest income	1,648	1,732
Noninterest expense
Salaries and benefits	2,749	2,515
Occupancy and equipment	680	708
Data processing	534	576
Professional fees	217	229
Supplies and postage	116	101
Advertising and promotional	92	54
Other	576	486
Total noninterest expense	4,964	4,669
Income before income tax	1,956	1,918
Income tax expense	298	472
Net income	$ 1,658	$ 1,446
Basic earnings per share (Note 4) (in dollars per share)	$ 0.46	$ 0.4
Diluted earnings per share (Note 4) (in dollars per share)	0.46	0.4
Dividends declared per share (in dollars per share)	$ 0.17	$ 0.15

CONSOLIDATED STATEMENTS OF INC5

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical)	3 Months Ended
	Mar. 31, 2018
Income Statement [Abstract]
Stock dividend paid	5.00%

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 1,658	$ 1,446
Other comprehensive income:
Changes in net unrealized gains (losses) on investment securities available for sale, net of tax expense (benefit) of $(484) and $336 for the years ended March 31, 2018 and 2017, respectively.	(1,817)	651
Reclassification adjustment for realized gain on sale of investment securities available for sale included in net income, net of tax expense of $2 and $22 for the periods ended March 31, 2018 and 2017, respectively	(7)	(44)
Other comprehensive income (loss), net of tax	(1,824)	607
Comprehensive income (loss)	$ (166)	$ 2,053

CONSOLIDATED STATEMENTS OF COM7

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
unrealized gains (losses) on investment securities available for sale, net of tax expense (benefit)	$ (484)	$ 336
Reclassification adjustment for realized gain on sale of investment securities available for sale included in net income, net of tax expense	$ 2	$ 22

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands		Common Stock	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss), Net [Member]	Total
Balance, beginning at Dec. 31, 2016		$ 46,299	$ 25,997	$ (598)	$ 71,698
Balance, beginning (in shares) at Dec. 31, 2016		3,277,944
Increase (Decrease) in Stockholders' Equity
Net income			1,446		1,446
Other comprehensive income (loss)				607	607
Shares issued		$ 42			42
Shares issued (in shares)		1,952
Effect of employee stock purchases		$ 3			3
Stock options exercised		$ 13			13
Stock options exercised (in shares)		1,000
Stock-based compensation expense		$ 46			46
Cash dividends declared ($0.17 and $0.15 per share for the periods ended March 31, 2018 and 2017, respectively)	[1],[2]		(557)		(557)
Balance, ending at Mar. 31, 2017		$ 46,403	26,886	9	73,298
Balance, ending (in shares) at Mar. 31, 2017		3,280,896
Balance, beginning at Dec. 31, 2017		$ 50,290	26,023	237	$ 76,550
Balance, beginning (in shares) at Dec. 31, 2017		3,448,569			3,448,569
Increase (Decrease) in Stockholders' Equity
Net income			1,658		$ 1,658
Other comprehensive income (loss)				(1,824)	(1,824)
Shares issued		$ 33			33
Shares issued (in shares)		1,496
Shares repurchased		$ (252)			(252)
Shares repurchased (in shares)		(10,228)
Effect of employee stock purchases		$ 3			3
Stock-based compensation expense		65			65
Adoption effect of ASU 2016-01	[3]		244	(244)
Cash dividends declared ($0.17 and $0.15 per share for the periods ended March 31, 2018 and 2017, respectively)	[1]		(619)		(619)
Balance, ending at Mar. 31, 2018		$ 50,139	$ 27,306	$ (1,831)	$ 75,614
Balance, ending (in shares) at Mar. 31, 2018		3,439,837			3,439,837
[1]	Adjusted for 5% stock dividend declared on April 25, 2018.
[2]	Adjusted for 5% stock dividend issued on May 31, 2017.
[3]	ASU 2016-01 is further addressed in note 1 to the financial statements.

CONSOLIDATED STATEMENTS OF CHA9

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividend declared, per share	$ 0.17	$ 0.15

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 1,658	$ 1,446
Adjustments to reconcile net income to net cash from operating activities:
Provision for loan losses	35
Depreciation	294	320
Amortization	213	282
Compensation expense on stock purchases and restricted stock units	83	71
Gains on sales of securities	(9)	(66)
Gains on sales of loans	(261)	(224)
Loans originated for sale	(9,737)	(6,629)
Proceeds from loan sales	10,229	6,759
Earnings on bank-owned life insurance	(94)	(99)
Gains on sales of other real estate owned	(8)
Proceeds from sales of other real estate owned	114	172
Deferred federal income tax benefit	62	4
Net changes in other assets	(796)	184
Net changes in other liabilities	(99)	(101)
Net cash from operating activities	1,684	2,119
Securities available for sale:
Sales	91	6,671
Maturities, prepayments and calls	909	1,342
Purchases	(15,352)	(13,184)
Loan originations and payments, net	13,563	(8,266)
Additions to premises and equipment	(619)	(191)
Net cash used in investing activities	(1,408)	(13,628)
Cash flows from financing activities:
Net change in deposits	(7,579)	(4,019)
Net change in repurchase agreements	(4,687)	(3,307)
Net change in federal funds purchased		3,873
Proceeds from Federal Home Loan Bank advances		24,000
Payments on Federal Home Loan Bank advances	(10,009)	(12,008)
Issuance of common stock	18	33
Repurchase of common stock	(252)
Cash dividends	(619)	(557)
Net cash provided by (used in) financing activities	(23,128)	8,015
Net change in cash and cash equivalents	(22,852)	(3,494)
Beginning cash and cash equivalents	36,837	14,809
Ending cash and cash equivalents	13,985	11,315
Supplemental disclosures of cash flow information:
Cash paid for interest	386	306
Cash paid for taxes	300
Loans transferred to other real estate owned	$ 179	$ 207

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include ChoiceOne Financial Services, Inc. (“ChoiceOne”) and its wholly-owned subsidiary, ChoiceOne Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, ChoiceOne Insurance Agencies, Inc. Intercompany transactions and balances have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information, prevailing practices within the banking industry and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The accompanying consolidated financial statements reflect all adjustments ordinary in nature which are, in the opinion of management, necessary for a fair presentation of the Consolidated Balance Sheets as of March 31, 2018 and December 31, 2017, the Consolidated Statements of Income for the three-month periods ended March 31, 2018 and March 31, 2017, the Consolidated Statements of Comprehensive Income for the three-month periods ended March 31, 2018 and March 31, 2017, the Consolidated Statements of Changes in Shareholders' Equity for the three-month periods ended March 31, 2018 and March 31, 2017, and the Consolidated Statements of Cash Flows for the three-month periods ended March 31, 2018 and March 31, 2017. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in ChoiceOne’s Annual Report on Form 10-K for the year ended December 31, 2017. Loans to Other Financial Institutions Credit risk associated with the participating interest is measured as an allowance for loan losses when necessary. Losses are charged off against the allowance when incurred and recoveries of loan charge-offs are recorded when received. At least quarterly, the Bank reviews the portfolio of participating interests for potential losses including any participating interest that is outstanding over 90 days (even if the advance and participating interest is current). At March 31, 2018, there was no participating interest with delinquent payments over 30 days and one participating interest in advances totaling $118,000 that was over 30 days. During the first three months of 2018, there were no losses or charge-offs of participating interests. Allowance for Loan Losses The allowance for loan losses is maintained at a level believed adequate by management to absorb probable incurred losses inherent in the consolidated loan portfolio. Management’s evaluation of the adequacy of the allowance is an estimate based on reviews of individual loans, assessments of the impact of current economic conditions on the portfolio and historical loss experience of seasoned loan portfolios. See Note 3 to the interim consolidated financial statements for additional information. Management believes the accounting estimate related to the allowance for loan losses is a “critical accounting estimate” because (1) the estimate is highly susceptible to change from period to period because of assumptions concerning the changes in the types and volumes of the portfolios and economic conditions and (2) the impact of recognizing an impairment or loan loss could have a material effect on ChoiceOne’s assets reported on the balance sheets as well as its net income. Stock Transactions A total of 637 shares of common stock were issued to ChoiceOne’s Board of Directors for a cash price of $15,000 under the terms of the Directors’ Stock Purchase Plan in the first quarter of 2018. A total of 859 shares for a cash price of $18,000 were issued under the Employee Stock Purchase Plan in the first quarter of 2018. Stock-Based Compensation Effective July 1, 2013, ChoiceOne began granting Restricted Stock Units to a select group of employees under the Stock Incentive Plan of 2012. All of the Restricted Stock Units are initially unvested and vest in three annual installments on each of the next three anniversaries of the grant date. Certain additional vesting provisions apply. Each unit, once vested, is settled by delivery of one share of ChoiceOne common stock. Reclassifications Certain amounts presented in prior periods have been reclassified to conform to the current presentation. Recent Accounting Pronouncements The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) The FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities The FASB issued ASU 2016-02, Leases The FASB issued ASU No. 2016-13 , Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
SECURITIES	NOTE 2 - SECURITIES The fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows: March 31, 2018 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government and federal agency $ 36,509 $ — $ (855 ) $ 35,654 U.S. Treasury 1,991 — (62 ) 1,929 State and municipal 106,761 416 (1,584 ) 105,593 Mortgage-backed 15,636 10 (292 ) 15,354 Corporate 5,673 — (83 ) 5,590 Asset-backed securities 75 — — 75 Total $ 166,645 $ 426 $ (2,876 ) $ 164,195 December 31, 2017 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government and federal agency $ 35,518 $ — $ (392 ) $ 35,126 U.S. Treasury 1,991 — (31 ) 1,960 State and municipal 99,609 910 (471 ) 100,048 Mortgage-backed 9,943 8 (131 ) 9,820 Corporate 5,184 2 (35 ) 5,151 Equity securities 3,083 309 — 3,392 Asset-backed securities 95 — (1 ) 94 Total $ 155,423 $ 1,229 $ (1,061 ) $ 155,591 ChoiceOne reviews its securities portfolio on a quarterly basis to determine whether unrealized losses are considered to be temporary or other-than-temporary. No other-than-temporary impairment charges were recorded in the first quarter of 2018. ChoiceOne believed that unrealized losses on securities were temporary in nature and were due to changes in interest rates and reduced market liquidity and not as a result of credit quality issues. Presented below is a schedule of maturities of securities as of March 31, 2018, the fair value of securities as of March 31, 2018 and December 31, 2017, and the weighted average yields of securities as of March 31, 2018: Securities maturing within: Fair Value Fair Value Less than 1 Year - 5 Years - More than at March 31, at Dec. 31, (Dollars in thousands) 1 Year 5 Years 10 Years 10 Years 2018 2017 U.S. Government and federal agency $ 18,923 $ 9,924 $ 6,807 $ — $ 35,654 $ 35,126 U.S. Treasury notes and bonds — 1,929 — — 1,929 1,960 State and municipal 10,164 50,834 41,794 2,801 105,593 100,048 Corporate — 5,099 491 — 5,590 5,151 Asset-backed securities 75 — — — 75 94 Total debt securities 29,162 67,786 49,092 2,801 148,841 142,379 Mortgage-backed securities — 11,700 3,654 — 15,354 9,820 Equity securities (1) — — 1,000 2,305 3,305 3,392 Total $ 29,162 $ 79,486 $ 53,746 $ 5,106 $ 167,500 $ 155,591 Weighted average yields: Less than 1 Year - 5 Years - More than 1 Year 5 Years 10 Years 10 Years Total U.S. Government and federal agency 2.10 % 1.78 % 2.67 % — % 2.12 % U.S. Treasury notes and bonds — 1.85 — — 1.85 State and municipal (2) 3.35 3.07 3.51 2.16 3.25 Corporate — 2.25 3.21 — 2.33 Asset-backed securities 1.92 — — — 1.92 Mortgage-backed securities — 2.90 2.90 — 2.90 Equity securities (1) — — 4.78 1.08 2.20 (1) The yield is computed for tax-exempt securities on a fully tax-equivalent basis at an incremental tax rate of 21%. (2) Equity securities are preferred and common stock that may or may not have a stated maturity.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	NOTE 3 – LOANS AND ALLOWANCE FOR LOAN LOSSES Activity in the allowance for loan losses and balances in the loan portfolio were as follows: Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses Three Months Ended March 31, 2018 Beginning balance $ 506 $ 1,001 $ 262 $ 1,761 $ 35 $ 726 $ 286 $ 4,577 Charge-offs — — (69 ) — — (3 ) — (72 ) Recoveries — 53 37 55 — 24 — 169 Provision (156 ) (49 ) 15 (30 ) (17 ) (122 ) 394 35 Ending balance $ 350 $ 1,005 $ 245 $ 1,786 $ 18 $ 625 $ 680 $ 4,709 Individually evaluated for impairment $ — $ 93 $ 9 $ 46 $ — $ 217 $ — $ 365 Collectively evaluated for impairment $ 350 $ 912 $ 236 $ 1,740 $ 18 $ 408 $ 680 $ 4,344 December 31, 2017 Individually evaluated for impairment $ — $ 26 $ 3 $ 49 $ — $ 224 $ — $ 302 Collectively evaluated for impairment $ 506 $ 975 $ 259 $ 1,712 $ 35 $ 502 $ 286 $ 4,275 Three Months Ended March 31, 2017 Beginning balance $ 433 $ 688 $ 305 $ 1,438 $ 62 $ 1,014 $ 337 $ 4,277 Charge-offs — (10 ) (80 ) — — (35 ) — (125 ) Recoveries — — 52 112 — 9 — 173 Provision (27 ) 67 9 (136 ) (39 ) (261 ) 387 — Ending balance $ 406 $ 745 $ 286 $ 1,414 $ 23 $ 727 $ 724 $ 4,325 Individually evaluated for impairment $ 36 $ 25 $ 6 $ 98 $ — $ 276 $ — $ 441 Collectively evaluated for impairment $ 370 $ 720 $ 280 $ 1,316 $ 23 $ 451 $ 724 $ 3,884 Loans March 31, 2018 Individually evaluated for impairment $ 423 $ 291 $ 43 $ 842 $ — $ 2,839 $ 4,438 Collectively evaluated for impairment 37,530 99,908 23,924 126,377 4,215 90,048 382,002 Ending balance $ 37,953 $ 100,199 $ 23,967 $ 127,219 $ 4,215 $ 92,887 $ 386,440 December 31, 2017 Individually evaluated for impairment $ 423 $ 124 $ 36 $ 778 $ — $ 2,779 $ 4,140 Collectively evaluated for impairment 48,041 104,262 24,477 122,709 6,613 88,543 394,645 Ending balance $ 48,464 $ 104,386 $ 24,513 $ 123,487 $ 6,613 $ 91,322 $ 398,785 The process to monitor the credit quality of ChoiceOne’s loan portfolio includes tracking (1) the risk ratings of business loans, (2) the level of classified business loans, and (3) delinquent and nonperforming consumer loans. Business loans are risk rated on a scale of 1 to 8. A description of the characteristics of the ratings follows: Risk ratings 1 and 2: These loans are considered pass credits. They exhibit good to exceptional credit risk and demonstrate the ability to repay the loan from normal business operations. Risk rating 3: These loans are considered pass credits. They exhibit acceptable credit risk and demonstrate the ability to repay the loan from normal business operations. Risk rating 4: These loans are considered pass credits. However, they have potential developing weaknesses that, if not corrected, may cause deterioration in the ability of the borrower to repay the loan. While a loss is possible for a loan with this rating, it is not anticipated. Risk rating 5: These loans are considered special mention credits. Loans in this risk rating are considered to be inadequately protected by the net worth and debt service coverage of the borrower or of any pledged collateral. These loans have well defined weaknesses that may jeopardize the borrower’s ability to repay the loan. If the weaknesses are not corrected, loss of principal and interest could be probable. Risk rating 6: These loans are considered substandard credits. These loans have well defined weaknesses, the severity of which makes collection of principal and interest in full questionable. Loans in this category may be placed on nonaccrual status. Risk rating 7: These loans are considered doubtful credits. Some loss of principal and interest has been determined to be probable. The estimate of the amount of loss could be affected by factors such as the borrower’s ability to provide additional capital or collateral. Loans in this category are on nonaccrual status. Risk rating 8: These loans are considered loss credits. They are considered uncollectible and will be charged off against the allowance for loan losses. Information regarding the Bank’s credit exposure is as follows: Corporate Credit Exposure - Credit Risk Profile By Creditworthiness Category Agricultural Commercial and Industrial Commercial Real Estate (Dollars in thousands) March 31, December 31, March 31, December 31, March 31, December 31, 2018 2017 2018 2017 2018 2017 Risk ratings 1 and 2 $ 10,049 $ 14,813 $ 13,393 $ 13,491 $ 8,519 $ 8,227 Risk rating 3 18,429 22,721 59,965 63,366 82,378 78,868 Risk rating 4 8,808 10,199 25,882 26,943 32,672 33,429 Risk rating 5 244 308 856 491 2,297 1,533 Risk rating 6 423 423 103 95 1,353 1,430 $ 37,953 $ 48,464 $ 100,199 $ 104,386 $ 127,219 $ 123,487 Corporate Credit Exposure - Credit Risk Profile Based On Payment Activity Consumer Construction Real Estate Residential Real Estate (Dollars in thousands) March 31, December 31, March 31, December 31, March 31, December 31, 2018 2017 2018 2017 2018 2017 Performing $ 23,944 $ 24,497 $ 4,215 $ 6,613 $ 92,333 $ 90,629 Nonperforming — 1 — — — 257 Nonaccrual 23 15 — — 554 436 $ 23,967 $ 24,513 $ 4,215 $ 6,613 $ 92,887 $ 91,322 The following schedule provides information on loans that were considered TDRs that were modified during the three months ended March 31, 2018 and March 31, 2017: March 31, 2018 March 31, 2017 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding (Dollars in thousands) Number of Recorded Recorded Number of Recorded Recorded Loans Investment Investment Loans Investment Investment Commercial real estate 1 $ 58 $ 58 — $ — $ — Commercial and industrial 2 97 97 — — — 3 $ 155 $ 155 — $ — $ — The pre-modification and post-modification outstanding recorded investment represents amounts as of the date of loan modification. If a difference exists between the pre-modification and post-modification outstanding recorded investment, it represents impairment recognized through the provision for loan losses computed based on a loan’s post-modification present value of expected future cash flows discounted at the loan’s original effective interest rate. If no difference exists, a loss is not expected to be incurred based on an assessment of the borrower’s expected cash flows. The following schedule provides information on TDRs as of March 31, 2018 and 2017 where the borrower was past due with respect to principal and/or interest for 30 days or more during the three-month periods ended March 31, 2018 and March 31, 2017 that had been modified during the year prior to the default: Three Months Ended Three Months Ended March 31, 2018 March 31, 2017 (Dollars in thousands) Number Recorded Number Recorded of Loans Investment of Loans Investment Agricultural — $ — 1 $ 105 Commercial and industrial 2 97 — — Commercial real estate 1 58 — — Residential real estate — — 1 126 3 $ 155 2 $ 231 Impaired loans by loan category follow: Unpaid (Dollars in thousands) Recorded Principal Related Investment Balance Allowance March 31, 2018 With no related allowance recorded Agricultural $ 423 $ 455 $ — Commercial and industrial — — — Consumer 9 9 — Commercial real estate 58 58 — Residential real estate 186 209 — Subtotal 676 731 — With an allowance recorded Agricultural — — — Commercial and industrial 291 291 93 Consumer 34 34 9 Commercial real estate 784 869 46 Residential real estate 2,653 2,674 217 Subtotal 3,762 3,868 365 Total Agricultural 423 455 — Commercial and industrial 291 291 93 Consumer 43 43 9 Commercial real estate 842 927 46 Residential real estate 2,839 2,883 217 Total $ 4,438 $ 4,599 $ 365 December 31, 2017 With no related allowance recorded Agricultural $ 423 $ 455 $ — Commercial and industrial — — — Consumer — — — Commercial real estate 127 258 — Residential real estate 115 126 — Subtotal 665 839 — With an allowance recorded Agricultural — — — Commercial and industrial 124 124 26 Consumer 36 36 3 Commercial real estate 651 734 49 Residential real estate 2,664 2,690 224 Subtotal 3,475 3,584 302 Total Agricultural 423 455 — Commercial and industrial 124 124 26 Consumer 36 36 3 Commercial real estate 778 992 49 Residential real estate 2,779 2,816 224 Total $ 4,140 $ 4,423 $ 302 The following schedule provides information regarding average balances of impaired loans and interest recognized on impaired loans for the three months ended March 31, 2018 and 2017: Average Interest (Dollars in thousands) Recorded Income Investment Recognized March 31, 2018 With no related allowance recorded Agricultural $ 428 $ — Commercial and industrial 59 — Consumer 2 — Commercial real estate 99 — Residential real estate 152 — Subtotal 740 — With an allowance recorded Agricultural — — Commercial and industrial 170 8 Consumer 34 — Commercial real estate 762 — Residential real estate 2,549 26 Subtotal 3,515 34 Agricultural 428 — Commercial and industrial 229 8 Consumer 36 — Commercial real estate 861 — Residential real estate 2,701 26 Total $ 4,255 $ 34 March 31, 2017 With no related allowance recorded Agricultural $ 241 $ — Commercial and industrial 191 1 Consumer — — Commercial real estate 222 — Residential real estate 151 — Subtotal 805 1 With an allowance recorded Agricultural 263 — Commercial and industrial 207 3 Consumer 31 1 Commercial real estate 885 14 Residential real estate 2,614 26 Subtotal 4,000 44 Agricultural 504 — Commercial and industrial 398 4 Consumer 31 1 Commercial real estate 1,107 14 Residential real estate 2,765 26 Total $ 4,805 $ 45 An aging analysis of loans by loan category follows: Greater 90 Days Past (Dollars in thousands) 30 to 59 60 to 89 Than 90 Loans Not Due and Days Days Days (1) Total Past Due Total Loans Accruing March 31, 2018 Agricultural $ — $ — $ 423 $ 423 $ 37,530 $ 37,953 $ — Commercial and industrial 25 73 — 98 100,101 100,199 — Consumer 183 2 — 185 23,782 23,967 — Commercial real estate 100 — 58 158 127,061 127,219 — Construction real estate — — — — 4,215 4,215 — Residential real estate 1,343 74 13 1,430 91,457 92,887 — $ 1,651 $ 149 $ 494 $ 2,294 $ 384,146 $ 386,440 $ — December 31, 2017 Agricultural $ — $ — $ 83 $ 83 $ 48,381 $ 48,464 $ — Commercial and industrial 20 — — 20 104,366 104,386 — Consumer 142 38 1 181 24,332 24,513 — Commercial real estate 95 58 69 222 123,265 123,487 — Construction real estate — — — — 6,613 6,613 — Residential real estate 585 272 296 1,153 90,169 91,322 258 $ 842 $ 368 $ 449 $ 1,659 $ 397,126 $ 398,785 $ 258 (1) Includes nonaccrual loans. Nonaccrual loans by loan category follow: (Dollars in thousands) March 31, December 31, 2018 2017 Agricultural $ 423 $ 423 Commercial and industrial 98 — Consumer 23 15 Commercial real estate 146 222 Construction real estate — — Residential real estate 554 436 $ 1,244 $ 1,096

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 4 - EARNINGS PER SHARE Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows: Three Months Ended (Dollars in thousands, except per share data) March 31, 2018 2017 Basic Earnings Per Share Net income available to common shareholders $ 1,658 $ 1,446 Weighted average common shares outstanding 3,615,005 3,615,099 Basic earnings per share $ 0.46 $ 0.40 Diluted Earnings Per Share Net income available to common shareholders $ 1,658 $ 1,446 Weighted average common shares outstanding 3,615,005 3,615,099 Plus dilutive stock options and restricted stock units 13,944 6,871 Weighted average common shares outstanding and potentially dilutive shares 3,628,949 3,621,969 Diluted earnings per share $ 0.46 $ 0.40 All per share amounts have been adjusted for 5% stock dividend declared on April 25, 2018 and the 5% stock dividend issued on May 31, 2017 where applicable. There were no stock options that were considered to be anti-dilutive to earnings per share as of March 31, 2018. There were 30,000 stock options that were considered to be anti-dilutive to earnings per share as of March 31, 2017 and were excluded from the calculation above.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2018
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS	NOTE 5 – FINANCIAL INSTRUMENTS Financial instruments as of the dates indicated were as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable (Dollars in thousands) Carrying Estimated Assets Inputs Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) March 31, 2018 Assets: Cash and due from banks $ 13,985 $ 13,985 $ 13,985 $ — $ — Equity securities at fair value 3,305 3,305 1,805 — 1,500 Securities available for sale 164,195 164,195 — 152,527 11,668 Federal Home Loan Bank and Federal Reserve Bank stock 3,567 3,567 — 3,567 — Loans held for sale 1,240 1,277 — 1,277 — Loans to other financial institutions 5,637 5,637 — — 5,637 Loans, net 381,731 381,505 — — 381,505 Accrued interest receivable 2,582 2,582 — 2,582 — Liabilities: Noninterest-bearing deposits 146,912 146,912 — 146,912 — Interest-bearing deposits 385,362 383,982 — 383,982 — Repurchase agreements 2,461 2,461 — 2,461 — Federal Home Loan Bank advances 10,259 10,268 — 10,268 — Accrued interest payable 55 55 — 55 — December 31, 2017 Assets: Cash and due from banks $ 36,837 $ 36,837 $ 36,837 $ — $ — Securities available for sale 155,591 155,591 1,892 140,301 13,398 Federal Home Loan Bank and Federal Reserve Bank stock 3,567 3,567 — 3,567 — Loans held for sale 1,721 1,773 — 1,773 — Loans to other financial institutions 6,802 6,802 6,802 Loans, net 394,208 394,819 — — 394,819 Accrued interest receivable 2,146 2,146 — 2,146 — Liabilities: Noninterest-bearing deposits 151,462 151,462 — 151,462 — Interest-bearing deposits 388,391 387,343 — 387,343 — Repurchase agreements 7,148 7,148 — 7,148 — Federal Home Loan Bank advances 20,268 20,271 — 20,271 —

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 6 – FAIR VALUE MEASUREMENTS The following tables present information about assets and liabilities measured at fair value on a recurring basis and the valuation techniques used to determine those fair values. In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities that the Bank has the ability to access. Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Bank’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset or liability. There were no liabilities measured at fair value as of March 31, 2018 or December 31, 2017. Disclosures concerning assets measured at fair value are as follows: Assets Measured at Fair Value on a Recurring Basis Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable (Dollars in thousands) Identical Assets Inputs Inputs Balance at (Level 1) (Level 2) (Level 3) Date Indicated Investment Securities, Available for Sale – March 31, 2018 U.S. Treasury notes and bonds $ — $ 1,929 $ — $ 1,929 U.S. Government and federal agency — 35,654 — 35,654 State and municipal — 93,925 11,668 105,593 Mortgage-backed — 15,354 — 15,354 Corporate — 5,590 — 5,590 Asset backed securities — 75 — 75 Total $ — $ 152,527 $ 11,668 $ 164,195 Equity Securities Held at Fair Value - March 31, 2018 Equity securities $ 1,805 $ — $ 1,500 $ 3,305 Investment Securities, Available for Sale - December 31, 2017 U.S. Treasury notes and bonds $ — $ 1,960 $ — $ 1,960 U.S. Government and federal agency — 35,126 — 35,126 State and municipal — 88,150 11,898 100,048 Mortgage-backed — 9,820 — 9,820 Corporate — 5,151 — 5,151 Equity securities 1,892 — 1,500 3,392 Asset backed securities — 94 — 94 Total $ 1,892 $ 140,301 $ 13,398 $ 155,591 Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis (Dollars in thousands) 2018 2017 Investment Securities Balance, January 1 $ 13,398 $ 15,103 Total realized and unrealized gains included in income — — Total unrealized gains (losses) included in other comprehensive income (230 ) 111 Net purchases, sales, calls, and maturities — (6 ) Net transfers into Level 3 — — Balance, March 31 $ 13,168 $ 15,208 Of the Level 3 assets that were held by the company at March 31, 2018, the net unrealized gain as of March 31, 2018 was $101,000, which is recognized in other comprehensive income in the consolidated balance sheet. There were no purchases or sales of Level 3 securities in the first quarter of 2018. Both observable and unobservable inputs may be used to determine the fair value of positions classified as Level 3 investment securities and liabilities. As a result, the unrealized gains and losses for these assets and liabilities presented in the tables above may include changes in fair value that were attributable to both observable and unobservable inputs. Securities categorized as Level 3 assets primarily consist of bonds issued by local municipalities and equity securities of community banks. The company estimates the fair value of these bonds based on the present value of expected future cash flows using management’s best estimate of key assumptions, including forecasted interest yield and payment rates, credit quality and a discount rate commensurate with the current market and other risks involved. The company also has assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets are not normally measured at fair value, but can be subject to fair value adjustments in certain circumstances, such as impairment. Disclosures concerning assets measured at fair value on a non-recurring basis are as follows: Assets Measured at Fair Value on a Non-recurring Basis Quoted Prices Significant in Active Other Significant Markets for Identical Observable Unobservable (Dollars in thousands) Balance at Assets Inputs Inputs Dates Indicated (Level 1) (Level 2) (Level 3) Impaired Loans March 31, 2018 $ 4,438 $ — $ — $ 4,438 December 31, 2017 $ 4,140 $ — $ — $ 4,140 Other Real Estate March 31, 2018 $ 179 $ — $ — $ 179 December 31, 2017 $ 106 $ — $ — $ 106 Impaired loans categorized as Level 3 assets consist of non-homogeneous loans that are considered impaired. The company estimates the fair value of the loans based on the present value of expected future cash flows using management’s estimate of key assumptions. These assumptions include future payment ability, timing of payment streams, and estimated realizable values of available collateral (typically based on outside appraisals). The changes in fair value consisted of charge-downs of impaired loans that were posted to the allowance for loan losses and write-downs of other real estate that were posted to a valuation account.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include ChoiceOne Financial Services, Inc. (“ChoiceOne”) and its wholly-owned subsidiary, ChoiceOne Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, ChoiceOne Insurance Agencies, Inc. Intercompany transactions and balances have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information, prevailing practices within the banking industry and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The accompanying consolidated financial statements reflect all adjustments ordinary in nature which are, in the opinion of management, necessary for a fair presentation of the Consolidated Balance Sheets as of March 31, 2018 and December 31, 2017, the Consolidated Statements of Income for the three-month periods ended March 31, 2018 and March 31, 2017, the Consolidated Statements of Comprehensive Income for the three-month periods ended March 31, 2018 and March 31, 2017, the Consolidated Statements of Changes in Shareholders' Equity for the three-month periods ended March 31, 2018 and March 31, 2017, and the Consolidated Statements of Cash Flows for the three-month periods ended March 31, 2018 and March 31, 2017. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in ChoiceOne’s Annual Report on Form 10-K for the year ended December 31, 2017.
Loans to Other Financial Institutions	Loans to Other Financial Institutions Credit risk associated with the participating interest is measured as an allowance for loan losses when necessary. Losses are charged off against the allowance when incurred and recoveries of loan charge-offs are recorded when received. At least quarterly, the Bank reviews the portfolio of participating interests for potential losses including any participating interest that is outstanding over 90 days (even if the advance and participating interest is current). At March 31, 2018, there was no participating interest with delinquent payments over 30 days and one participating interest in advances totaling $118,000 that was over 30 days. During the first three months of 2018, there were no losses or charge-offs of participating interests.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is maintained at a level believed adequate by management to absorb probable incurred losses inherent in the consolidated loan portfolio. Management’s evaluation of the adequacy of the allowance is an estimate based on reviews of individual loans, assessments of the impact of current economic conditions on the portfolio and historical loss experience of seasoned loan portfolios. See Note 3 to the interim consolidated financial statements for additional information. Management believes the accounting estimate related to the allowance for loan losses is a “critical accounting estimate” because (1) the estimate is highly susceptible to change from period to period because of assumptions concerning the changes in the types and volumes of the portfolios and economic conditions and (2) the impact of recognizing an impairment or loan loss could have a material effect on ChoiceOne’s assets reported on the balance sheets as well as its net income.
Stock Transactions	Stock Transactions A total of 637 shares of common stock were issued to ChoiceOne’s Board of Directors for a cash price of $15,000 under the terms of the Directors’ Stock Purchase Plan in the first quarter of 2018. A total of 859 shares for a cash price of $18,000 were issued under the Employee Stock Purchase Plan in the first quarter of 2018.
Stock-Based Compensation	Stock-Based Compensation Effective July 1, 2013, ChoiceOne began granting Restricted Stock Units to a select group of employees under the Stock Incentive Plan of 2012. All of the Restricted Stock Units are initially unvested and vest in three annual installments on each of the next three anniversaries of the grant date. Certain additional vesting provisions apply. Each unit, once vested, is settled by delivery of one share of ChoiceOne common stock.
Reclassifications	Reclassifications Certain amounts presented in prior periods have been reclassified to conform to the current presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) The FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities The FASB issued ASU 2016-02, Leases The FASB issued ASU No. 2016-13 , Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of fair value of securities available for sale	The fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows: March 31, 2018 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government and federal agency $ 36,509 $ — $ (855 ) $ 35,654 U.S. Treasury 1,991 — (62 ) 1,929 State and municipal 106,761 416 (1,584 ) 105,593 Mortgage-backed 15,636 10 (292 ) 15,354 Corporate 5,673 — (83 ) 5,590 Asset-backed securities 75 — — 75 Total $ 166,645 $ 426 $ (2,876 ) $ 164,195 December 31, 2017 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government and federal agency $ 35,518 $ — $ (392 ) $ 35,126 U.S. Treasury 1,991 — (31 ) 1,960 State and municipal 99,609 910 (471 ) 100,048 Mortgage-backed 9,943 8 (131 ) 9,820 Corporate 5,184 2 (35 ) 5,151 Equity securities 3,083 309 — 3,392 Asset-backed securities 95 — (1 ) 94 Total $ 155,423 $ 1,229 $ (1,061 ) $ 155,591
Schedule of contractual maturities of available for sale securities	Presented below is a schedule of maturities of securities as of March 31, 2018, the fair value of securities as of March 31, 2018 and December 31, 2017, and the weighted average yields of securities as of March 31, 2018: Securities maturing within: Fair Value Fair Value Less than 1 Year - 5 Years - More than at March 31, at Dec. 31, (Dollars in thousands) 1 Year 5 Years 10 Years 10 Years 2018 2017 U.S. Government and federal agency $ 18,923 $ 9,924 $ 6,807 $ — $ 35,654 $ 35,126 U.S. Treasury notes and bonds — 1,929 — — 1,929 1,960 State and municipal 10,164 50,834 41,794 2,801 105,593 100,048 Corporate — 5,099 491 — 5,590 5,151 Asset-backed securities 75 — — — 75 94 Total debt securities 29,162 67,786 49,092 2,801 148,841 142,379 Mortgage-backed securities — 11,700 3,654 — 15,354 9,820 Equity securities (1) — — 1,000 2,305 3,305 3,392 Total $ 29,162 $ 79,486 $ 53,746 $ 5,106 $ 167,500 $ 155,591 Weighted average yields: Less than 1 Year - 5 Years - More than 1 Year 5 Years 10 Years 10 Years Total U.S. Government and federal agency 2.10 % 1.78 % 2.67 % — % 2.12 % U.S. Treasury notes and bonds — 1.85 — — 1.85 State and municipal (2) 3.35 3.07 3.51 2.16 3.25 Corporate — 2.25 3.21 — 2.33 Asset-backed securities 1.92 — — — 1.92 Mortgage-backed securities — 2.90 2.90 — 2.90 Equity securities (1) — — 4.78 1.08 2.20 (1) The yield is computed for tax-exempt securities on a fully tax-equivalent basis at an incremental tax rate of 21%. (2) Equity securities are preferred and common stock that may or may not have a stated maturity.

LOANS AND ALLOWANCE FOR LOAN 19

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of activity in the allowance for loan losses and balances in the loan portfolio	Activity in the allowance for loan losses and balances in the loan portfolio were as follows: Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses Three Months Ended March 31, 2018 Beginning balance $ 506 $ 1,001 $ 262 $ 1,761 $ 35 $ 726 $ 286 $ 4,577 Charge-offs — — (69 ) — — (3 ) — (72 ) Recoveries — 53 37 55 — 24 — 169 Provision (156 ) (49 ) 15 (30 ) (17 ) (122 ) 394 35 Ending balance $ 350 $ 1,005 $ 245 $ 1,786 $ 18 $ 625 $ 680 $ 4,709 Individually evaluated for impairment $ — $ 93 $ 9 $ 46 $ — $ 217 $ — $ 365 Collectively evaluated for impairment $ 350 $ 912 $ 236 $ 1,740 $ 18 $ 408 $ 680 $ 4,344 December 31, 2017 Individually evaluated for impairment $ — $ 26 $ 3 $ 49 $ — $ 224 $ — $ 302 Collectively evaluated for impairment $ 506 $ 975 $ 259 $ 1,712 $ 35 $ 502 $ 286 $ 4,275 Three Months Ended March 31, 2017 Beginning balance $ 433 $ 688 $ 305 $ 1,438 $ 62 $ 1,014 $ 337 $ 4,277 Charge-offs — (10 ) (80 ) — — (35 ) — (125 ) Recoveries — — 52 112 — 9 — 173 Provision (27 ) 67 9 (136 ) (39 ) (261 ) 387 — Ending balance $ 406 $ 745 $ 286 $ 1,414 $ 23 $ 727 $ 724 $ 4,325 Individually evaluated for impairment $ 36 $ 25 $ 6 $ 98 $ — $ 276 $ — $ 441 Collectively evaluated for impairment $ 370 $ 720 $ 280 $ 1,316 $ 23 $ 451 $ 724 $ 3,884 Loans March 31, 2018 Individually evaluated for impairment $ 423 $ 291 $ 43 $ 842 $ — $ 2,839 $ 4,438 Collectively evaluated for impairment 37,530 99,908 23,924 126,377 4,215 90,048 382,002 Ending balance $ 37,953 $ 100,199 $ 23,967 $ 127,219 $ 4,215 $ 92,887 $ 386,440 December 31, 2017 Individually evaluated for impairment $ 423 $ 124 $ 36 $ 778 $ — $ 2,779 $ 4,140 Collectively evaluated for impairment 48,041 104,262 24,477 122,709 6,613 88,543 394,645 Ending balance $ 48,464 $ 104,386 $ 24,513 $ 123,487 $ 6,613 $ 91,322 $ 398,785
Schedule of the bank's credit exposure	Corporate Credit Exposure - Credit Risk Profile By Creditworthiness Category Agricultural Commercial and Industrial Commercial Real Estate (Dollars in thousands) March 31, December 31, March 31, December 31, March 31, December 31, 2018 2017 2018 2017 2018 2017 Risk ratings 1 and 2 $ 10,049 $ 14,813 $ 13,393 $ 13,491 $ 8,519 $ 8,227 Risk rating 3 18,429 22,721 59,965 63,366 82,378 78,868 Risk rating 4 8,808 10,199 25,882 26,943 32,672 33,429 Risk rating 5 244 308 856 491 2,297 1,533 Risk rating 6 423 423 103 95 1,353 1,430 $ 37,953 $ 48,464 $ 100,199 $ 104,386 $ 127,219 $ 123,487 Corporate Credit Exposure - Credit Risk Profile Based On Payment Activity Consumer Construction Real Estate Residential Real Estate (Dollars in thousands) March 31, December 31, March 31, December 31, March 31, December 31, 2018 2017 2018 2017 2018 2017 Performing $ 23,944 $ 24,497 $ 4,215 $ 6,613 $ 92,333 $ 90,629 Nonperforming — 1 — — — 257 Nonaccrual 23 15 — — 554 436 $ 23,967 $ 24,513 $ 4,215 $ 6,613 $ 92,887 $ 91,322
Schedule of information on TDRs	The following schedule provides information on loans that were considered TDRs that were modified during the three months ended March 31, 2018 and March 31, 2017: March 31, 2018 March 31, 2017 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding (Dollars in thousands) Number of Recorded Recorded Number of Recorded Recorded Loans Investment Investment Loans Investment Investment Commercial real estate 1 $ 58 $ 58 — $ — $ — Commercial and industrial 2 97 97 — — — 3 $ 155 $ 155 — $ — $ — The following schedule provides information on TDRs as of March 31, 2018 and 2017 where the borrower was past due with respect to principal and/or interest for 30 days or more during the three-month periods ended March 31, 2018 and March 31, 2017 that had been modified during the year prior to the default: Three Months Ended Three Months Ended March 31, 2018 March 31, 2017 (Dollars in thousands) Number Recorded Number Recorded of Loans Investment of Loans Investment Agricultural — $ — 1 $ 105 Commercial and industrial 2 97 — — Commercial real estate 1 58 — — Residential real estate — — 1 126 3 $ 155 2 $ 231
Schedule of impaired loans	Impaired loans by loan category follow: Unpaid (Dollars in thousands) Recorded Principal Related Investment Balance Allowance March 31, 2018 With no related allowance recorded Agricultural $ 423 $ 455 $ — Commercial and industrial — — — Consumer 9 9 — Commercial real estate 58 58 — Residential real estate 186 209 — Subtotal 676 731 — With an allowance recorded Agricultural — — — Commercial and industrial 291 291 93 Consumer 34 34 9 Commercial real estate 784 869 46 Residential real estate 2,653 2,674 217 Subtotal 3,762 3,868 365 Total Agricultural 423 455 — Commercial and industrial 291 291 93 Consumer 43 43 9 Commercial real estate 842 927 46 Residential real estate 2,839 2,883 217 Total $ 4,438 $ 4,599 $ 365 December 31, 2017 With no related allowance recorded Agricultural $ 423 $ 455 $ — Commercial and industrial — — — Consumer — — — Commercial real estate 127 258 — Residential real estate 115 126 — Subtotal 665 839 — With an allowance recorded Agricultural — — — Commercial and industrial 124 124 26 Consumer 36 36 3 Commercial real estate 651 734 49 Residential real estate 2,664 2,690 224 Subtotal 3,475 3,584 302 Total Agricultural 423 455 — Commercial and industrial 124 124 26 Consumer 36 36 3 Commercial real estate 778 992 49 Residential real estate 2,779 2,816 224 Total $ 4,140 $ 4,423 $ 302
Schedule of average balances of impaired loans and interest recognized on impaired loans	The following schedule provides information regarding average balances of impaired loans and interest recognized on impaired loans for the three months ended March 31, 2018 and 2017: Average Interest (Dollars in thousands) Recorded Income Investment Recognized March 31, 2018 With no related allowance recorded Agricultural $ 428 $ — Commercial and industrial 59 — Consumer 2 — Commercial real estate 99 — Residential real estate 152 — Subtotal 740 — With an allowance recorded Agricultural — — Commercial and industrial 170 8 Consumer 34 — Commercial real estate 762 — Residential real estate 2,549 26 Subtotal 3,515 34 Agricultural 428 — Commercial and industrial 229 8 Consumer 36 — Commercial real estate 861 — Residential real estate 2,701 26 Total $ 4,255 $ 34 March 31, 2017 With no related allowance recorded Agricultural $ 241 $ — Commercial and industrial 191 1 Consumer — — Commercial real estate 222 — Residential real estate 151 — Subtotal 805 1 With an allowance recorded Agricultural 263 — Commercial and industrial 207 3 Consumer 31 1 Commercial real estate 885 14 Residential real estate 2,614 26 Subtotal 4,000 44 Agricultural 504 — Commercial and industrial 398 4 Consumer 31 1 Commercial real estate 1,107 14 Residential real estate 2,765 26 Total $ 4,805 $ 45
Schedule of aging analysis of loans by loan category	An aging analysis of loans by loan category follows: Greater 90 Days Past (Dollars in thousands) 30 to 59 60 to 89 Than 90 Loans Not Due and Days Days Days (1) Total Past Due Total Loans Accruing March 31, 2018 Agricultural $ — $ — $ 423 $ 423 $ 37,530 $ 37,953 $ — Commercial and industrial 25 73 — 98 100,101 100,199 — Consumer 183 2 — 185 23,782 23,967 — Commercial real estate 100 — 58 158 127,061 127,219 — Construction real estate — — — — 4,215 4,215 — Residential real estate 1,343 74 13 1,430 91,457 92,887 — $ 1,651 $ 149 $ 494 $ 2,294 $ 384,146 $ 386,440 $ — December 31, 2017 Agricultural $ — $ — $ 83 $ 83 $ 48,381 $ 48,464 $ — Commercial and industrial 20 — — 20 104,366 104,386 — Consumer 142 38 1 181 24,332 24,513 — Commercial real estate 95 58 69 222 123,265 123,487 — Construction real estate — — — — 6,613 6,613 — Residential real estate 585 272 296 1,153 90,169 91,322 258 $ 842 $ 368 $ 449 $ 1,659 $ 397,126 $ 398,785 $ 258 (1) Includes nonaccrual loans.
Schedule of nonaccrual loans by loan category	Nonaccrual loans by loan category follow: (Dollars in thousands) March 31, December 31, 2018 2017 Agricultural $ 423 $ 423 Commercial and industrial 98 — Consumer 23 15 Commercial real estate 146 222 Construction real estate — — Residential real estate 554 436 $ 1,244 $ 1,096

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows: Three Months Ended (Dollars in thousands, except per share data) March 31, 2018 2017 Basic Earnings Per Share Net income available to common shareholders $ 1,658 $ 1,446 Weighted average common shares outstanding 3,615,005 3,615,099 Basic earnings per share $ 0.46 $ 0.40 Diluted Earnings Per Share Net income available to common shareholders $ 1,658 $ 1,446 Weighted average common shares outstanding 3,615,005 3,615,099 Plus dilutive stock options and restricted stock units 13,944 6,871 Weighted average common shares outstanding and potentially dilutive shares 3,628,949 3,621,969 Diluted earnings per share $ 0.46 $ 0.40

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Investments, All Other Investments [Abstract]
Schedule of carrying value and fair value of financial assets and liabilities	Financial instruments as of the dates indicated were as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable (Dollars in thousands) Carrying Estimated Assets Inputs Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) March 31, 2018 Assets: Cash and due from banks $ 13,985 $ 13,985 $ 13,985 $ — $ — Equity securities at fair value 3,305 3,305 1,805 — 1,500 Securities available for sale 164,195 164,195 — 152,527 11,668 Federal Home Loan Bank and Federal Reserve Bank stock 3,567 3,567 — 3,567 — Loans held for sale 1,240 1,277 — 1,277 — Loans to other financial institutions 5,637 5,637 — — 5,637 Loans, net 381,731 381,505 — — 381,505 Accrued interest receivable 2,582 2,582 — 2,582 — Liabilities: Noninterest-bearing deposits 146,912 146,912 — 146,912 — Interest-bearing deposits 385,362 383,982 — 383,982 — Repurchase agreements 2,461 2,461 — 2,461 — Federal Home Loan Bank advances 10,259 10,268 — 10,268 — Accrued interest payable 55 55 — 55 — December 31, 2017 Assets: Cash and due from banks $ 36,837 $ 36,837 $ 36,837 $ — $ — Securities available for sale 155,591 155,591 1,892 140,301 13,398 Federal Home Loan Bank and Federal Reserve Bank stock 3,567 3,567 — 3,567 — Loans held for sale 1,721 1,773 — 1,773 — Loans to other financial institutions 6,802 6,802 6,802 Loans, net 394,208 394,819 — — 394,819 Accrued interest receivable 2,146 2,146 — 2,146 — Liabilities: Noninterest-bearing deposits 151,462 151,462 — 151,462 — Interest-bearing deposits 388,391 387,343 — 387,343 — Repurchase agreements 7,148 7,148 — 7,148 — Federal Home Loan Bank advances 20,268 20,271 — 20,271 —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	Assets Measured at Fair Value on a Recurring Basis Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable (Dollars in thousands) Identical Assets Inputs Inputs Balance at (Level 1) (Level 2) (Level 3) Date Indicated Investment Securities, Available for Sale – March 31, 2018 U.S. Treasury notes and bonds $ — $ 1,929 $ — $ 1,929 U.S. Government and federal agency — 35,654 — 35,654 State and municipal — 93,925 11,668 105,593 Mortgage-backed — 15,354 — 15,354 Corporate — 5,590 — 5,590 Asset backed securities — 75 — 75 Total $ — $ 152,527 $ 11,668 $ 164,195 Equity Securities Held at Fair Value - March 31, 2018 Equity securities $ 1,805 $ — $ 1,500 $ 3,305 Investment Securities, Available for Sale - December 31, 2017 U.S. Treasury notes and bonds $ — $ 1,960 $ — $ 1,960 U.S. Government and federal agency — 35,126 — 35,126 State and municipal — 88,150 11,898 100,048 Mortgage-backed — 9,820 — 9,820 Corporate — 5,151 — 5,151 Equity securities 1,892 — 1,500 3,392 Asset backed securities — 94 — 94 Total $ 1,892 $ 140,301 $ 13,398 $ 155,591
Schedule of changes in Level 3 assets measured at fair value on a recurring basis	Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis (Dollars in thousands) 2018 2017 Investment Securities Balance, January 1 $ 13,398 $ 15,103 Total realized and unrealized gains included in income — — Total unrealized gains (losses) included in other comprehensive income (230 ) 111 Net purchases, sales, calls, and maturities — (6 ) Net transfers into Level 3 — — Balance, March 31 $ 13,168 $ 15,208
Schedule of assets measured at fair value on a nonrecurring basis	Assets Measured at Fair Value on a Non-recurring Basis Quoted Prices Significant in Active Other Significant Markets for Identical Observable Unobservable (Dollars in thousands) Balance at Assets Inputs Inputs Dates Indicated (Level 1) (Level 2) (Level 3) Impaired Loans March 31, 2018 $ 4,438 $ — $ — $ 4,438 December 31, 2017 $ 4,140 $ — $ — $ 4,140 Other Real Estate March 31, 2018 $ 179 $ — $ — $ 179 December 31, 2017 $ 106 $ — $ — $ 106

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)shares
Directors' Stock Purchase Plan [Member]
Property, Plant and Equipment [Line Items]
Shares issued during the period, shares | shares	637
Shares issued during the period, value | $	$ 15,000
EmployeeStockOptionMember
Property, Plant and Equipment [Line Items]
Shares issued upon exercise of options | shares	859
Shares issued during period under Employee Stock Purchase Plan, value | $	$ 18,000
Restricted Stock [Member]
Property, Plant and Equipment [Line Items]
Vesting period	3 years

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		$ 166,645	$ 155,423
Gross Unrealized Gains		426	1,229
Gross Unrealized Losses		(2,876)	(1,061)
Fair Value		164,195	155,591
U.S. Government and Federal Agency [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		36,509	35,518
Gross Unrealized Losses		(855)	(392)
Fair Value		35,654	35,126
U.S. Treasury Notes and Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,991	1,991
Gross Unrealized Losses		(62)	(31)
Fair Value		1,929	1,960
State and Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		106,761	99,609
Gross Unrealized Gains		416	910
Gross Unrealized Losses		(1,584)	(471)
Fair Value		105,593	100,048
Mortgage-backed [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		15,636	9,943
Gross Unrealized Gains		10	8
Gross Unrealized Losses		(292)	(131)
Fair Value		15,354	9,820
Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		5,673	5,184
Gross Unrealized Gains			2
Gross Unrealized Losses		(83)	(35)
Fair Value		5,590	5,151
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost			3,083
Gross Unrealized Gains			309
Fair Value	[1]	3,305	3,392
Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		75	95
Gross Unrealized Losses			(1)
Fair Value		$ 75	$ 94
[1]	The yield is computed for tax-exempt securities on a fully tax-equivalent basis at an incremental tax rate of 21%.

SECURITIES (Details 1)

SECURITIES (Details 1) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Available for Sale Securities, Fair Values
Less than 1 Year		$ 29,162
1 Year - 5 Years		79,486
5 Years - 10 Years		53,746
More than 10 Years		5,106
Securities available for sale		164,195	$ 155,591
U.S. Government and Federal Agency [Member]
Available for Sale Securities, Fair Values
Less than 1 Year		18,923
1 Year - 5 Years		9,924
5 Years - 10 Years		6,807
Securities available for sale		$ 35,654	35,126
Weighted average yields
Less than 1 year		2.10%
1 year to 5 years		1.78%
5 years to 10 years		2.67%
Total		2.12%
U.S. Treasury Notes and Bonds [Member]
Available for Sale Securities, Fair Values
1 Year - 5 Years		$ 1,929
Securities available for sale		$ 1,929	1,960
Weighted average yields
1 year to 5 years		1.85%
Total		1.85%
State and Municipal [Member]
Available for Sale Securities, Fair Values
Less than 1 Year		$ 10,164
1 Year - 5 Years		50,834
5 Years - 10 Years		41,794
More than 10 Years		2,801
Securities available for sale		$ 105,593	100,048
Weighted average yields
Less than 1 year	[1]	3.35%
1 year to 5 years	[1]	3.07%
5 years to 10 years	[1]	3.51%
More than 10 years	[1]	2.16%
Total	[1]	3.25%
Corporate [Member]
Available for Sale Securities, Fair Values
1 Year - 5 Years		$ 5,099
5 Years - 10 Years		491
Securities available for sale		$ 5,590	5,151
Weighted average yields
1 year to 5 years		2.25%
5 years to 10 years		3.21%
Total		2.33%
Asset-backed Securities [Member]
Available for Sale Securities, Fair Values
Less than 1 Year		$ 75
Securities available for sale		$ 75	94
Weighted average yields
Less than 1 year		1.92%
Total		1.92%
Total Debt Securities [Member]
Available for Sale Securities, Fair Values
Less than 1 Year		$ 29,162
1 Year - 5 Years		67,786
5 Years - 10 Years		49,092
More than 10 Years		2,801
Securities available for sale		148,841	142,379
Mortgage-backed [Member]
Available for Sale Securities, Fair Values
1 Year - 5 Years		11,700
5 Years - 10 Years		3,654
Securities available for sale		$ 15,354	9,820
Weighted average yields
1 year to 5 years		2.90%
5 years to 10 years		2.90%
Total		2.90%
Equity Securities [Member]
Available for Sale Securities, Fair Values
5 Years - 10 Years	[2]	$ 1,000
More than 10 Years	[2]	2,305
Securities available for sale	[2]	$ 3,305	$ 3,392
Weighted average yields
5 years to 10 years	[2]	4.78%
More than 10 years	[2]	1.08%
Total	[2]	2.20%
[1]	Equity securities are preferred and common stock that may or may not have a stated maturity.
[2]	The yield is computed for tax-exempt securities on a fully tax-equivalent basis at an incremental tax rate of 21%.

LOANS AND ALLOWANCE FOR LOAN 26

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Allowance for Loan Losses
Beginning balance	$ 4,577	$ 4,277
Charge-offs	(72)	(125)
Recoveries	169	173
Provision	35
Ending balance	4,709	4,325
Individually evaluated for impairment	365	441	$ 302
Collectively evaluated for impairment	4,344	3,884	4,275
Loans
Individually evaluated for impairment	4,438		4,140
Collectively evaluated for impairment	382,002		394,645
Loans	386,440		398,785
Agricultural [Member]
Allowance for Loan Losses
Beginning balance	506	433
Charge-offs
Recoveries
Provision	(156)	(27)
Ending balance	350	406
Individually evaluated for impairment		36
Collectively evaluated for impairment	350	370	506
Loans
Individually evaluated for impairment	423		423
Collectively evaluated for impairment	37,530		48,041
Loans	37,953		48,464
Commercial and Industrial [Member]
Allowance for Loan Losses
Beginning balance	1,001	688
Charge-offs		(10)
Recoveries	53
Provision	(49)	67
Ending balance	1,005	745
Individually evaluated for impairment	93	25	26
Collectively evaluated for impairment	912	720	975
Loans
Individually evaluated for impairment	291		124
Collectively evaluated for impairment	99,908		104,262
Loans	100,199		104,386
Consumer [Member]
Allowance for Loan Losses
Beginning balance	262	305
Charge-offs	(69)	(80)
Recoveries	37	52
Provision	15	9
Ending balance	245	286
Individually evaluated for impairment	9	6	3
Collectively evaluated for impairment	236	280	259
Loans
Individually evaluated for impairment	43		36
Collectively evaluated for impairment	23,924		24,477
Loans	23,967		24,513
Commercial Real Estate [Member]
Allowance for Loan Losses
Beginning balance	1,761	1,438
Charge-offs
Recoveries	55	112
Provision	(30)	(136)
Ending balance	1,786	1,414
Individually evaluated for impairment	46	98	49
Collectively evaluated for impairment	1,740	1,316	1,712
Loans
Individually evaluated for impairment	842		778
Collectively evaluated for impairment	126,377		122,709
Loans	127,219		123,487
Construction Real Estate [Member]
Allowance for Loan Losses
Beginning balance	35	62
Charge-offs
Recoveries
Provision	(17)	(39)
Ending balance	18	23
Individually evaluated for impairment
Collectively evaluated for impairment	18	23	35
Loans
Collectively evaluated for impairment	4,215		6,613
Loans	4,215		6,613
Residential Real Estate [Member]
Allowance for Loan Losses
Beginning balance	726	1,014
Charge-offs	(3)	(35)
Recoveries	24	9
Provision	(122)	(261)
Ending balance	625	727
Individually evaluated for impairment	217	276	224
Collectively evaluated for impairment	408	451	502
Loans
Individually evaluated for impairment	2,839		2,779
Collectively evaluated for impairment	90,048		88,543
Loans	92,887		91,322
Unallocated [Member]
Allowance for Loan Losses
Beginning balance	286	337
Charge-offs
Recoveries
Provision	394	387
Ending balance	680	724
Individually evaluated for impairment
Collectively evaluated for impairment	$ 680	$ 724	$ 286

LOANS AND ALLOWANCE FOR LOAN 27

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	$ 386,440	$ 398,785
Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	37,953	48,464
Agricultural [Member] | Risk ratings 1 and 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	10,049	14,813
Agricultural [Member] | Risk rating 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	18,429	22,721
Agricultural [Member] | Risk rating 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	8,808	10,199
Agricultural [Member] | Risk rating 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	244	308
Agricultural [Member] | Risk rating 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	423	423
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	100,199	104,386
Commercial and Industrial [Member] | Risk ratings 1 and 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	13,393	13,491
Commercial and Industrial [Member] | Risk rating 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	59,965	63,366
Commercial and Industrial [Member] | Risk rating 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	25,882	26,943
Commercial and Industrial [Member] | Risk rating 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	856	491
Commercial and Industrial [Member] | Risk rating 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	103	95
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	127,219	123,487
Commercial Real Estate [Member] | Risk ratings 1 and 2 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	8,519	8,227
Commercial Real Estate [Member] | Risk rating 3 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	82,378	78,868
Commercial Real Estate [Member] | Risk rating 4 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	32,672	33,429
Commercial Real Estate [Member] | Risk rating 5 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	2,297	1,533
Commercial Real Estate [Member] | Risk rating 6 [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	$ 1,353	$ 1,430

LOANS AND ALLOWANCE FOR LOAN 28

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	$ 386,440	$ 398,785
Nonaccrual past due loans	1,244	1,096
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	23,967	24,513
Nonaccrual past due loans	23	15
Consumer [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	23,944	24,497
Consumer [Member] | Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans		1
Construction Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	4,215	6,613
Construction Real Estate [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	4,215	6,613
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	92,887	91,322
Nonaccrual past due loans	554	436
Residential Real Estate [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans	$ 92,333	90,629
Residential Real Estate [Member] | Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk rated loans		$ 257

LOANS AND ALLOWANCE FOR LOAN 29

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 3) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)N	Mar. 31, 2017USD ($)N
Financing Receivable, Modifications [Line Items]
Number of Loans | N	3
Pre-Modification Outstanding Recorded Investment	$ 155
Post Modification Oustanding Recorded Investment	$ 155
Number of Loans with payment defaults during period | N	3	2
Recorded Investment with payment defaults during period	$ 155	$ 231
Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans with payment defaults during period | N		1
Recorded Investment with payment defaults during period		$ 105
Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans with payment defaults during period | N	2
Recorded Investment with payment defaults during period	$ 97
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | N	1
Pre-Modification Outstanding Recorded Investment	$ 58
Post Modification Oustanding Recorded Investment	$ 58
Number of Loans with payment defaults during period | N	1
Recorded Investment with payment defaults during period	$ 58
Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | N	2
Pre-Modification Outstanding Recorded Investment	$ 97
Post Modification Oustanding Recorded Investment	$ 97
Number of Loans with payment defaults during period | N		1
Recorded Investment with payment defaults during period		$ 126

LOANS AND ALLOWANCE FOR LOAN 30

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Impaired and Restructured Loans with or without related allowance recorded
Recorded Investment with no related allowance recorded	$ 676		$ 665
Unpaid Principal Balance with no related allowance recorded	731		839
Average Recorded Investment with no related allowance recorded	740	$ 805
Interest Income Recognized with no related allowance recorded		1
Recorded Investment with an allowance recorded	3,762		3,475
Unpaid Principal Balance with an allowance recorded	3,868		3,584
Related Allowance	365		302
Average Recorded Investment with an allowance recorded	3,515	4,000
Interest Income Recognized with an allowance recorded	34	44
Recorded Investment	4,438		4,140
Unpaid Principal Balance	4,599		4,423
Related Allowance	365		302
Average Recorded Investment	4,255	4,805
Interest Income Recognized	34	45
Agricultural [Member]
Impaired and Restructured Loans with or without related allowance recorded
Recorded Investment with no related allowance recorded	423		423
Unpaid Principal Balance with no related allowance recorded	455		455
Average Recorded Investment with no related allowance recorded	428	241
Average Recorded Investment with an allowance recorded		263
Recorded Investment	423		423
Unpaid Principal Balance	455		455
Average Recorded Investment	428	504
Commercial and Industrial [Member]
Impaired and Restructured Loans with or without related allowance recorded
Average Recorded Investment with no related allowance recorded	59	191
Interest Income Recognized with no related allowance recorded		1
Recorded Investment with an allowance recorded	291		124
Unpaid Principal Balance with an allowance recorded	291		124
Related Allowance	93		26
Average Recorded Investment with an allowance recorded	170	207
Interest Income Recognized with an allowance recorded	8	3
Recorded Investment	291		124
Unpaid Principal Balance	291		124
Related Allowance	93		26
Average Recorded Investment	229	398
Interest Income Recognized	8	4
Consumer [Member]
Impaired and Restructured Loans with or without related allowance recorded
Recorded Investment with no related allowance recorded	9
Unpaid Principal Balance with no related allowance recorded	9
Average Recorded Investment with no related allowance recorded	2
Recorded Investment with an allowance recorded	34		36
Unpaid Principal Balance with an allowance recorded	34		36
Related Allowance	9		3
Average Recorded Investment with an allowance recorded	34	31
Interest Income Recognized with an allowance recorded		1
Recorded Investment	43		36
Unpaid Principal Balance	43		36
Related Allowance	9		3
Average Recorded Investment	36	31
Interest Income Recognized		1
Commercial Real Estate [Member]
Impaired and Restructured Loans with or without related allowance recorded
Recorded Investment with no related allowance recorded	58		127
Unpaid Principal Balance with no related allowance recorded	58		258
Average Recorded Investment with no related allowance recorded	99	222
Recorded Investment with an allowance recorded	784		651
Unpaid Principal Balance with an allowance recorded	869		734
Related Allowance	46		49
Average Recorded Investment with an allowance recorded	762	885
Interest Income Recognized with an allowance recorded		14
Recorded Investment	842		778
Unpaid Principal Balance	927		992
Related Allowance	46		49
Average Recorded Investment	861	1,107
Interest Income Recognized		14
Residential Real Estate [Member]
Impaired and Restructured Loans with or without related allowance recorded
Recorded Investment with no related allowance recorded	186		115
Unpaid Principal Balance with no related allowance recorded	209		126
Average Recorded Investment with no related allowance recorded	152	151
Recorded Investment with an allowance recorded	2,653		2,664
Unpaid Principal Balance with an allowance recorded	2,674		2,690
Related Allowance	217		224
Average Recorded Investment with an allowance recorded	2,549	2,614
Interest Income Recognized with an allowance recorded	26	26
Recorded Investment	2,839		2,779
Unpaid Principal Balance	2,883		2,816
Related Allowance	217		$ 224
Average Recorded Investment	2,701	2,765
Interest Income Recognized	$ 26	$ 26

LOANS AND ALLOWANCE FOR LOAN 31

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	$ 2,294	$ 1,659
Loans Not Past Due	384,146	397,126
Loans	386,440	398,785
Loans 90 Days Past Due and Accruing		258
Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	494	449
30 to 59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	1,651	842
60 to 89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	149	368
Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	423	83
Loans Not Past Due	37,530	48,381
Loans	37,953	48,464
Agricultural [Member] | Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	423	83
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	98	20
Loans Not Past Due	100,101	104,366
Loans	100,199	104,386
Commercial and Industrial [Member] | 30 to 59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	25	20
Commercial and Industrial [Member] | 60 to 89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	73
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	185	181
Loans Not Past Due	23,782	24,332
Loans	23,967	24,513
Consumer [Member] | Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total		1
Consumer [Member] | 30 to 59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	183	142
Consumer [Member] | 60 to 89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	2	38
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	158	222
Loans Not Past Due	127,061	123,265
Loans	127,219	123,487
Commercial Real Estate [Member] | Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	58	69
Commercial Real Estate [Member] | 30 to 59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	100	95
Commercial Real Estate [Member] | 60 to 89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total		58
Construction Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Not Past Due	4,215	6,613
Loans	4,215	6,613
Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	1,430	1,153
Loans Not Past Due	91,457	90,169
Loans	92,887	91,322
Loans 90 Days Past Due and Accruing		258
Residential Real Estate [Member] | Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	13	296
Residential Real Estate [Member] | 30 to 59 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	1,343	585
Residential Real Estate [Member] | 60 to 89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Total	$ 74	$ 272

LOANS AND ALLOWANCE FOR LOAN 32

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 6) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans	$ 1,244	$ 1,096
Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans	423	423
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans	98
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans	23	15
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans	146	222
Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans	$ 554	$ 436

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Basic Earnings Per Share
Net income available to common shareholders	$ 1,658	$ 1,446
Weighted average common shares outstanding	3,615,005	3,615,099
Basic earnings per common shares	$ 0.46	$ 0.4
Diluted Earnings Per Share
Net income available to common shareholders	$ 1,658	$ 1,446
Weighted average common shares outstanding	3,615,005	3,615,099
Plus dilutive stock options and restricted stock units	13,944	6,871
Weighted average common shares outstanding and potentially dilutive shares	3,628,949	3,621,969
Diluted earnings per common share	$ 0.46	$ 0.4

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Dilutive stock options excluded in calculation of earnings per share	0	30,000
Stock dividend percent	5.00%

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets:
Securities available for sale	$ 164,195	$ 155,591
Loans to other financial institutions	5,637	6,802
Liabilities:
Noninterest-bearing deposits	146,912	151,462
Interest-bearing deposits	385,362	388,391
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets:
Cash and due from banks	13,985	36,837
Equity securities at fair value	1,805
Securities available for sale		1,892
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Securities available for sale	152,527	140,301
Federal Home Loan Bank and Federal Reserve Bank stock	3,567	3,567
Loans held for sale	1,277	1,773
Loans to other financial institutions		6,802
Accrued interest receivable	2,582	2,146
Liabilities:
Noninterest-bearing deposits	146,912	151,462
Interest-bearing deposits	383,982	387,343
Repurchase agreements	2,461	7,148
Federal Home Loan Bank advances	10,268	20,271
Accrued interest payable	55
Significant Unobservable Inputs (Level 3) [Member]
Assets:
Equity securities at fair value	1,500
Securities available for sale	11,668	13,398
Loans to other financial institutions	5,637
Loans, net	381,505	394,819
Carrying Amount [Member]
Assets:
Cash and due from banks	13,985	36,837
Equity securities at fair value	3,305
Securities available for sale	164,195	155,591
Federal Home Loan Bank and Federal Reserve Bank stock	3,567	3,567
Loans held for sale	1,240	1,721
Loans to other financial institutions	5,637	6,802
Loans, net	381,731	394,208
Accrued interest receivable	2,582	2,146
Liabilities:
Noninterest-bearing deposits	146,912	151,462
Interest-bearing deposits	385,362	388,391
Repurchase agreements	2,461	7,148
Federal Home Loan Bank advances	10,259	20,268
Accrued interest payable	55
Estimated Fair Value [Member]
Assets:
Cash and due from banks	13,985	36,837
Equity securities at fair value	3,305
Securities available for sale	164,195	155,591
Federal Home Loan Bank and Federal Reserve Bank stock	3,567	3,567
Loans held for sale	1,277	1,773
Loans to other financial institutions	5,637	6,802
Loans, net	381,505	394,819
Accrued interest receivable	2,582	2,146
Liabilities:
Noninterest-bearing deposits	146,912	151,462
Interest-bearing deposits	383,982	387,343
Repurchase agreements	2,461	7,148
Federal Home Loan Bank advances	10,268	$ 20,271
Accrued interest payable	$ 55

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		$ 164,195	$ 155,591
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	[1]	3,305	3,392
U.S. Treasury Notes and Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		1,929	1,960
U.S. Government and Federal Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		35,654	35,126
State and Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		105,593	100,048
Mortgage-backed [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		15,354	9,820
Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		5,590	5,151
Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		75	94
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale			1,892
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		152,527	140,301
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		11,668	13,398
Fair Value Measured on a Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		164,195	155,591
Fair Value Measured on a Recurring Basis [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale			3,392
Securities Held at Fair Value		3,305
Fair Value Measured on a Recurring Basis [Member] | U.S. Treasury Notes and Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		1,929	1,960
Fair Value Measured on a Recurring Basis [Member] | U.S. Government and Federal Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		35,654	35,126
Fair Value Measured on a Recurring Basis [Member] | State and Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		105,593	100,048
Fair Value Measured on a Recurring Basis [Member] | Mortgage-backed [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		15,354	9,820
Fair Value Measured on a Recurring Basis [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		5,590	5,151
Fair Value Measured on a Recurring Basis [Member] | Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		75	94
Fair Value Measured on a Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale			1,892
Fair Value Measured on a Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale			1,892
Securities Held at Fair Value		1,805
Fair Value Measured on a Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		152,527	140,301
Fair Value Measured on a Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasury Notes and Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		1,929	1,960
Fair Value Measured on a Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government and Federal Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		35,654	35,126
Fair Value Measured on a Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | State and Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		93,925	88,150
Fair Value Measured on a Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-backed [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		15,354	9,820
Fair Value Measured on a Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		5,590	5,151
Fair Value Measured on a Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		75	94
Fair Value Measured on a Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		11,668	13,398
Fair Value Measured on a Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale			1,500
Securities Held at Fair Value		1,500
Fair Value Measured on a Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | State and Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		$ 11,668	$ 11,898
[1]	The yield is computed for tax-exempt securities on a fully tax-equivalent basis at an incremental tax rate of 21%.

FAIR VALUE MEASUREMENTS (Deta37

FAIR VALUE MEASUREMENTS (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Changes in Level 3 Investment Securities, Available for Sale Measured at Fair Value on a Recurring Basis
Total unrealized gains (losses) included in other comprehensive income	$ 101
Fair Value Measured on a Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member]
Changes in Level 3 Investment Securities, Available for Sale Measured at Fair Value on a Recurring Basis
Balance at the beginning of year	13,398	$ 15,103
Total unrealized gains (losses) included in other comprehensive income	(230)	111
Net purchases, sales, calls, and maturities		(6)
Balance at the end of year	$ 13,168	$ 15,208

FAIR VALUE MEASUREMENTS (Deta38

FAIR VALUE MEASUREMENTS (Details 2) - Fair Value measured on a Non-Recurring Basis [Member] - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	$ 4,438	$ 4,140
Other real estate owned, net	179	106
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans	4,438	4,140
Other real estate owned, net	$ 179	$ 106

FAIR VALUE MEASUREMENTS (Deta39

FAIR VALUE MEASUREMENTS (Details Narrative) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Fair Value Disclosures [Abstract]
Total unrealized gains (losses) included in other comprehensive income	$ 101