Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 01, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | CITIZENS & NORTHERN CORP | |
Entity Central Index Key | 810,958 | |
Trading Symbol | cznc | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 12,159,607 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Noninterest-bearing | $ 18,489 | $ 17,551 |
Interest-bearing | 14,054 | 14,558 |
Total cash and due from banks | 32,543 | 32,109 |
Available-for-sale securities, at fair value | 376,919 | 395,077 |
Loans held for sale | 163 | 142 |
Loans receivable | 762,021 | 751,835 |
Allowance for loan losses | (8,744) | (8,473) |
Loans, net | 753,277 | 743,362 |
Bank-owned life insurance | 19,794 | 19,704 |
Accrued interest receivable | 3,804 | 3,963 |
Bank premises and equipment, net | 15,738 | 15,397 |
Foreclosed assets held for sale | 1,878 | 2,180 |
Deferred tax asset, net | 4,616 | 5,117 |
Intangible assets - Goodwill and core deposit intangibles | 11,958 | 11,959 |
Other assets | 13,234 | 13,282 |
TOTAL ASSETS | 1,233,924 | 1,242,292 |
LIABILITIES | ||
Noninterest-bearing | 234,980 | 224,175 |
Interest-bearing | 745,271 | 759,668 |
Total deposits | 980,251 | 983,843 |
Short-term borrowings | 20,744 | 26,175 |
Long-term borrowings | 38,388 | 38,454 |
Accrued interest and other liabilities | 7,191 | 7,812 |
TOTAL LIABILITIES | 1,046,574 | 1,056,284 |
STOCKHOLDERS' EQUITY | ||
Preferred stock, $1,000 par value; authorized 30,000 shares; $1,000 liquidation preference per share; no shares issued | 0 | 0 |
Common stock, par value $1.00 per share; authorized 20,000,000 shares; issued 12,655,171; outstanding 12,159,607 at March 31, 2017 and 12,113,228 December 31, 2016 | 12,655 | 12,655 |
Paid-in capital | 71,454 | 71,730 |
Retained earnings | 113,106 | 112,790 |
Treasury stock, at cost; 495,564 shares at March 31, 2017 and 541,943 shares at December 31, 2016 | (9,390) | (10,269) |
Accumulated other comprehensive loss | (475) | (898) |
TOTAL STOCKHOLDERS' EQUITY | 187,350 | 186,008 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $ 1,233,924 | $ 1,242,292 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Preferred stock, par value (in dollars per share) | $ 1,000 | $ 1,000 |
Preferred stock, authorized shares (in shares) | 30,000 | 30,000 |
Preferred stock, liquidation preference per share (in dollars per share) | $ 1,000 | $ 1,000 |
Preferred stock, shares issued | $ 0 | $ 0 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock, shares issued (in shares) | 12,655,171 | 12,655,171 |
Common stock, shares outstanding (in shares) | 12,159,607 | 12,113,228 |
Treasury stock, shares (in shares) | 495,564 | 541,943 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Interest and fees on loans: | |||
Taxable | $ 8,374 | $ 7,974 | |
Tax-exempt | 450 | 448 | |
Interest on mortgages held for sale | 4 | 6 | |
Interest on balances with depository institutions | 32 | 24 | |
Income from available-for-sale securities: | |||
Taxable | 1,403 | 1,555 | |
Tax-exempt | 844 | 896 | |
Dividends | 5 | 34 | |
Total interest and dividend income | 11,112 | 10,937 | |
INTEREST EXPENSE | |||
Interest on deposits | 521 | 479 | |
Interest on short-term borrowings | 77 | 62 | |
Interest on long-term borrowings | 355 | 363 | |
Total interest expense | 953 | 904 | |
Net interest income | 10,159 | 10,033 | |
Provision for loan losses | 452 | 368 | |
Net interest income after provision for loan losses | 9,707 | 9,665 | |
OTHER INCOME | |||
Service charges on deposit accounts | 1,084 | 1,138 | |
Service charges and fees | 97 | 94 | |
Trust and financial management revenue | 1,180 | 1,144 | |
Brokerage revenue | 156 | 173 | |
Insurance commissions, fees and premiums | 41 | 21 | |
Interchange revenue from debit card transactions | 520 | 463 | |
Net gains from sale of loans | 166 | 168 | |
Loan servicing fees, net | 72 | 22 | |
Increase in cash surrender value of life insurance | 90 | 96 | |
Other operating income | 458 | 371 | |
Sub-total | 3,864 | 3,690 | |
Realized gains on available-for-sale securities, net | 145 | 383 | |
Total other income | 4,009 | 4,073 | |
OTHER EXPENSES | |||
Salaries and wages | 3,868 | 3,887 | |
Pensions and other employee benefits | 1,530 | 1,437 | |
Occupancy expense, net | 578 | 609 | |
Furniture and equipment expense | 453 | 427 | |
FDIC Assessments | 94 | 142 | |
Pennsylvania shares tax | 336 | 322 | |
Professional fees | 227 | 289 | |
Automated teller machine and interchange expense | 294 | 249 | |
Software subscriptions | 280 | 241 | |
Other operating expense | 1,638 | 1,469 | |
Total other expenses | 9,298 | 9,072 | |
Income before income tax provision | 4,418 | 4,666 | |
Income tax provision | 984 | 1,093 | |
NET INCOME | $ 3,434 | $ 3,573 | |
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) | [1] | $ 0.28 | $ 0.29 |
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) | [1] | $ 0.28 | $ 0.29 |
[1] | Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares with nonforfeitable dividends (participating securities). The weighted-average number of nonvested restricted shares outstanding was 65,208 shares in the three-month period ended March 31, 2017 and 67,818 shares in the three-month period ended March 31, 2016. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net income | $ 3,434 | $ 3,573 |
Unrealized gains on available-for-sale securities: | ||
Unrealized holding gains on available-for-sale securities | 636 | 4,774 |
Reclassification adjustment for gains realized in income | (145) | (383) |
Other comprehensive gain on available-for-sale securities | 491 | 4,391 |
Unfunded pension and postretirement obligations: | ||
Changes from plan amendments and actuarial gains and losses included in accumulated other comprehensive gain | 166 | 26 |
Amortization of net transition obligation, prior service cost and net actuarial (gain) loss included in net periodic benefit cost | (6) | (5) |
Other comprehensive gain on unfunded retirement obligations | 160 | 21 |
Other comprehensive income before income tax | (651) | (4,412) |
Income tax related to other comprehensive income | (228) | (1,544) |
Net other comprehensive income | 423 | 2,868 |
Comprehensive income | $ 3,857 | $ 6,441 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 3,434 | $ 3,573 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 452 | 368 |
Realized gains on available-for-sale securities, net | (145) | (383) |
Depreciation expense | 404 | 408 |
Accretion and amortization on securities, net | 314 | 297 |
Increase in cash surrender value of life insurance | (90) | (96) |
Stock-based compensation and other expense | 168 | 162 |
Deferred income taxes | 273 | 622 |
Decrease in fair value of servicing rights | 30 | 71 |
Gains on sales of loans, net | (166) | (168) |
Origination of loans for sale | (5,558) | (4,975) |
Proceeds from sales of loans | 5,657 | 4,861 |
Increase in accrued interest receivable and other assets | (171) | (759) |
Decrease in accrued interest payable and other liabilities | (461) | (289) |
Other | 34 | 45 |
Net Cash Provided by Operating Activities | 4,175 | 3,737 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Proceeds from maturities of certificates of deposit | 100 | 100 |
Purchase of certificates of deposit | (100) | (100) |
Proceeds from sales of available-for-sale securities | 13,856 | 8,695 |
Proceeds from calls and maturities of available-for-sale securities | 12,771 | 17,318 |
Purchase of available-for-sale securities | (8,147) | (14,852) |
Redemption of Federal Home Loan Bank of Pittsburgh stock | 2,491 | 2,297 |
Purchase of Federal Home Loan Bank of Pittsburgh stock | (2,130) | (901) |
Net (increase) decrease in loans | (10,580) | 2,313 |
Purchase of premises and equipment | (745) | (378) |
Proceeds from sale of foreclosed assets | 469 | 0 |
Other | 46 | 49 |
Net Cash Provided by Investing Activities | 8,031 | 14,541 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net (decrease) increase in deposits | (3,592) | 20,233 |
Net decrease in short-term borrowings | (5,431) | (27,544) |
Repayments of long-term borrowings | (66) | (75) |
Purchase of treasury stock | 0 | (3,070) |
Sale of treasury stock | 53 | 34 |
Tax benefit from compensation plans | 0 | 45 |
Common dividends paid | (2,736) | (2,789) |
Net Cash Used in Financing Activities | (11,772) | (13,166) |
INCREASE IN CASH AND CASH EQUIVALENTS | 434 | 5,112 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 28,621 | 33,313 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 29,055 | 38,425 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
Assets acquired through foreclosure of real estate loans | 216 | 370 |
Accrued redemption of bank-owned life insurance policy | 0 | 1,442 |
Interest paid | 951 | 905 |
Income taxes paid | $ 200 | $ 225 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2015 | 12,655,171 | 474,548 | ||||
Balance at Dec. 31, 2015 | $ 12,655 | $ (8,804) | $ 71,654 | $ 109,454 | $ 2,528 | $ 187,487 |
Net income | 3,573 | 3,573 | ||||
Total other comprehensive income | 2,868 | 2,868 | ||||
Cash dividends declared on common stock, $0.26 per share | (3,165) | (3,165) | ||||
Shares issued for dividend reinvestment plan (in shares) | (18,777) | |||||
Shares issued for dividend reinvestment plan | $ 352 | 24 | 376 | |||
Treasury stock purchased (in shares) | 154,350 | |||||
Treasury stock purchased | $ (3,070) | (3,070) | ||||
Shares issued from treasury and redeemed related to exercise of stock options (in shares) | (2,090) | |||||
Shares issued from treasury and redeemed related to exercise of stock options | $ 38 | (4) | 34 | |||
Restricted stock granted (in shares) | (34,199) | |||||
Restricted stock granted | $ 635 | (635) | 0 | |||
Forfeiture of restricted stock (in shares) | 309 | |||||
Forfeiture of restricted stock | $ (5) | 5 | 0 | |||
Stock-based compensation expense | 162 | 162 | ||||
Tax benefit from dividends on restricted stock | 6 | 6 | ||||
Tax benefit from compensation plans | 39 | 39 | ||||
Balance (in shares) at Mar. 31, 2016 | 12,655,171 | 574,141 | ||||
Balance at Mar. 31, 2016 | $ 12,655 | $ (10,854) | 71,212 | 109,901 | 5,396 | 188,310 |
Balance (in shares) at Dec. 31, 2016 | 12,655,171 | 541,943 | ||||
Balance at Dec. 31, 2016 | $ 12,655 | $ (10,269) | 71,730 | 112,790 | (898) | 186,008 |
Net income | 3,434 | 3,434 | ||||
Total other comprehensive income | 423 | 423 | ||||
Cash dividends declared on common stock, $0.26 per share | (3,118) | (3,118) | ||||
Shares issued for dividend reinvestment plan (in shares) | (15,831) | |||||
Shares issued for dividend reinvestment plan | $ 300 | 82 | 382 | |||
Shares issued from treasury and redeemed related to exercise of stock options (in shares) | (2,804) | |||||
Shares issued from treasury and redeemed related to exercise of stock options | $ 52 | 1 | 53 | |||
Restricted stock granted (in shares) | (30,782) | |||||
Restricted stock granted | $ 583 | (583) | 0 | |||
Forfeiture of restricted stock (in shares) | 3,038 | |||||
Forfeiture of restricted stock | $ (56) | 56 | 0 | |||
Stock-based compensation expense | 168 | 168 | ||||
Balance (in shares) at Mar. 31, 2017 | 12,655,171 | 495,564 | ||||
Balance at Mar. 31, 2017 | $ 12,655 | $ (9,390) | $ 71,454 | $ 113,106 | $ (475) | $ 187,350 |
Consolidated Statements of Cha8
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Retained Earnings [Member] | ||
Common stock, dividends, per share (in dollars per share) | $ 0.26 | $ 0.26 |
Note 1 - Basis of interim Prese
Note 1 - Basis of interim Presentation | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | 1. The consolidated financial information included herein, with the exception of the consolidated balance sheet dated December 31, 2016, 2016 2017 Operating results reported for the three March 31, 2017 December 31, 2017. |
Note 2 - Per Share Data
Note 2 - Per Share Data | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 2. Basic earnings per common share are calculated using the two two Diluted earnings per common share are calculated under the more dilutive of either the treasury method or the two 3 Months Ended March 31, March 31, 2017 2016 Basic Net income $ 3,434,000 $ 3,573,000 Less: Dividends and undistributed earnings allocated to participating securities (18,000 ) (20,000 ) Net income attributable to common shares $ 3,416,000 $ 3,553,000 Basic weighted-average common shares outstanding 12,085,729 12,087,290 Basic earnings per common share (a) $ 0.28 $ 0.29 Diluted Net income attributable to common shares $ 3,416,000 $ 3,553,000 Basic weighted-average common shares outstanding 12,085,729 12,087,290 Dilutive effect of potential common stock arising from stock options 45,681 20,770 Diluted weighted-average common shares outstanding 12,131,410 12,108,060 Diluted earnings per common share (a) $ 0.28 $ 0.29 (a) Basic and diluted earnings per share under the two net income reported on the income statement less earnings allocated to nonvested restricted shares with nonforfeitable dividends (participating securities). The weighted-average number of nonvested restricted shares outstanding was 65,208 three March 31, 2017 67,818 three March 31, 2016. Stock options that were anti-dilutive were excluded from net income per share calculations. There were no first 2017. 47,309 first 2016. |
Note 3 - Comprehensive Income
Note 3 - Comprehensive Income | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 3. Comprehensive income is the total of (1) (2) (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Three Months Ended March 31, 2017 Unrealized gains on available-for-sale securities: Unrealized holding gains on available-for-sale securities $ 636 $ (223 ) $ 413 Reclassification adjustment for (gains) realized in income (145 ) 51 (94 ) Other comprehensive income on available-for-sale securities 491 (172 ) 319 Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 166 (58 ) 108 Amortization of net transition obligation, prior service cost and net actuarial gain included in net periodic benefit cost (6 ) 2 (4 ) Other comprehensive income on unfunded retirement obligations 160 (56 ) 104 Total other comprehensive income $ 651 $ (228 ) $ 423 (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Three Months Ended March 31, 2016 Unrealized gains on available-for-sale securities: Unrealized holding gains on available-for-sale securities $ 4,774 $ (1,671 ) $ 3,103 Reclassification adjustment for (gains) realized in income (383 ) 134 (249 ) Other comprehensive income on available-for-sale securities 4,391 (1,537 ) 2,854 Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 26 (9 ) 17 Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost (5 ) 2 (3 ) Other comprehensive income on unfunded retirement obligations 21 (7 ) 14 Total other comprehensive income $ 4,412 $ (1,544 ) $ 2,868 Changes in the components of accumulated other comprehensive income are as follows and are presented net of tax: (In Thousands) Unrealized Accumulated Holding Gains Unfunded Other (Losses) Retirement Comprehensive on Securities Obligations Loss Three Months Ended March 31, 2017 Balance, beginning of period $ (949 ) $ 51 $ (898 ) Change during three months ended March 31, 2017 319 104 423 Balance, end of period $ (630 ) $ 155 $ (475 ) (In Thousands) Unrealized Accumulated Holding Gains Unfunded Other (Losses) Retirement Comprehensive on Securities Obligations Income Three Months Ended March 31, 2016 Balance, beginning of period $ 2,493 $ 35 $ 2,528 Change during three months ended March 31, 2016 2,854 14 2,868 Balance, end of period $ 5,347 $ 49 $ 5,396 Items reclassified out of each component of other comprehensive income are as follows: For the Three Months Ended March 31, 2017 (In Thousands) Details about Accumulated Other Reclassified from Comprehensive Affected Line Item in the Consolidated Comprehensive Income Components Income Statements of Income Unrealized gains and losses on available-for-sale $ (145 ) Realized gains on available-for-sale securities, net 51 Income tax provision (94 ) Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (8 ) Pensions and other employee benefits Actuarial loss 2 Pensions and other employee benefits (6 ) Total before tax 2 Income tax provision (4 ) Net of tax Total reclassifications for the period $ (98 ) For the Three Months Ended March 31, 2016 (In Thousands) Details about Accumulated Other Reclassified from Comprehensive Affected Line Item in the Consolidated Comprehensive Income Components Income Statements of Income Unrealized gains and losses on available-for-sale securities $ (383 ) Realized gains on available-for-sale securities, net 134 Income tax provision (249 ) Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (8 ) Pensions and other employee benefits Actuarial loss 3 Pensions and other employee benefits (5 ) Total before tax 2 Income tax provision (3 ) Net of tax Total reclassifications for the period $ (252 ) |
Note 4 - Cash and Due From Bank
Note 4 - Cash and Due From Banks | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Cash and Cash Equivalents Disclosure [Text Block] | 4. Cash and due from banks at March 31, 2017 December 31, 2016 (In thousands) Mar ch 31, Dec. 31, 2017 2016 Cash and cash equivalents $ 29,055 $ 28,621 Certificates of deposit 3,488 3,488 Total cash and due from banks $ 32,543 $ 32,109 Certificates of deposit are issues by U.S. banks with original maturities greater than three The Corporation is required to maintain reserves against deposit liabilities in the form of cash and balances with the Federal Reserve Bank of Philadelphia. The reserves are based on deposit levels, account activity, and other services provided by the Federal Reserve Bank. Required reserves were $15,491,000 March 31, 2017 $16,654,000 December 31, 2016. |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 5. FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS The Corporation measures certain assets at fair value. Fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. FASB Accounting Standards Codification (ASC) topic 820, three Level 1 Level 2 1 2 Level 3 3 The Corporation monitors and evaluates available data relating to fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date of an event or change in circumstances that affects the valuation method chosen. Examples of such changes may At March 31, 2017 December 31, 2016, March 31, 2017 Quoted Prices Other in Active Observable Unobservable Total Markets Inputs Inputs Fair (In Thousands) (Level 1) (Level 2) (Level 3) Value Recurring fair value measurements AVAILABLE-FOR-SALE SECURITIES: Obligations of U.S. Government agencies $ 0 $ 9,568 $ 0 $ 9,568 Obligations of states and political subdivisions: Tax-exempt 0 118,710 0 118,710 Taxable 0 28,805 0 28,805 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 49,359 0 49,359 Residential collateralized mortgage obligations 0 135,681 0 135,681 Commercial mortgage-backed securities 0 33,825 0 33,825 Total debt securities 0 375,948 0 375,948 Marketable equity securities 971 0 0 971 Total available-for-sale securities 971 375,948 0 376,919 Servicing rights 0 0 1,278 1,278 Total recurring fair value measurements $ 971 $ 375,948 $ 1,278 $ 378,197 Nonrecurring fair value measurements Impaired loans with a valuation allowance $ 0 $ 0 $ 3,319 $ 3,319 Valuation allowance 0 0 (881 ) (881 ) Impaired loans, net 0 0 2,438 2,438 Foreclosed assets held for sale 0 0 1,878 1,878 Total nonrecurring fair value measurements $ 0 $ 0 $ 4,316 $ 4,316 December 31, 2016 Quoted Prices Other in Active Observable Unobservable Total Markets Inputs Inputs Fair (In Thousands) (Level 1) (Level 2) (Level 3) Value Recurring fair value measurements AVAILABLE-FOR-SALE SECURITIES: Obligations of U.S. Government agencies $ 0 $ 9,541 $ 0 $ 9,541 Obligations of states and political subdivisions: Tax-exempt 0 119,037 0 119,037 Taxable 0 30,297 0 30,297 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 58,404 0 58,404 Residential collateralized mortgage obligations 0 146,608 0 146,608 Commercial mortgage-Backed securities 0 30,219 0 30,219 Total debt securities 0 394,106 0 394,106 Marketable equity securities 971 0 0 971 Total available-for-sale securities 971 394,106 0 395,077 Servicing rights 0 0 1,262 1,262 Total recurring fair value measurements $ 971 $ 394,106 $ 1,262 $ 396,339 Nonrecurring fair value measurements Impaired loans with a valuation allowance $ 0 $ 0 $ 3,372 $ 3,372 Valuation allowance 0 0 (674 ) (674 ) Impaired loans, net 0 0 2,698 2,698 Foreclosed assets held for sale 0 0 2,180 2,180 Total nonrecurring fair value measurements $ 0 $ 0 $ 4,878 $ 4,878 Management’s evaluation and selection of valuation techniques and the unobservable inputs used in determining the fair values of assets valued using Level 3 At March 31, 2017 December 31, 2016, 3 Fair Value at 3/31/17 Valuation Unobservable Method or Value As of Asset (In Thousands) Technique Input(s) 3/31/17 Servicing rights $ 1,278 Discounted cash flow Discount rate 13.00 % Rate used through modeling period Loan prepayment speeds 132.00 % Weighted-average PSA Servicing fees 0.25 % of loan balances 4.00 % of payments are late 5.00 % late fees assessed $ 1.94 Miscellaneous fees per account per month Servicing costs $ 6.00 Monthly servicing cost per account $ 24.00 Additional monthly servicing cost per loan on loans more than 30 days delinquent 1.50 % of loans more than 30 days delinquent 3.00 % annual increase in servicing costs Fair Value at 12/31/16 Valuation Unobservable Method or Value As of Asset (In Thousands) Technique Input(s) 12/31/16 Servicing rights $ 1,262 Discounted cash flow Discount rate 13.00 % Rate used through modeling period Loan prepayment speeds 138.00 % Weighted-average PSA Servicing fees 0.25 % of loan balances 4.00 % of payments are late 5.00 % late fees assessed $ 1.94 Miscellaneous fees per account per month Servicing costs $ 6.00 Monthly servicing cost per account $ 24.00 Additional monthly servicing cost per loan on loans more than 30 days delinquent 1.50 % of loans more than 30 days delinquent 3.00 % annual increase in servicing costs The fair value of servicing rights is affected by expected future interest rates. Increases (decreases) in future expected interest rates tend Following is a reconciliation of activity for Level 3 (In Thousands) Three Months Ended Mar ch 31 Mar ch 31, 2017 2016 Servicing rights balance, beginning of period $ 1,262 $ 1,296 Capitalization of servicing rights 46 36 Unrealized (losses) included in earnings (30 ) (71 ) Servicing rights balance, end of period $ 1,278 $ 1,261 Loans are classified as impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Foreclosed assets held for sale consist of real estate acquired by foreclosure. For impaired commercial loans secured by real estate and foreclosed assets held for sale, estimated fair values are determined primarily using values from third At March 31, 2017 December 31, 2016, 3 (In Thousands, Except Weighted- Percentages) Valuation Average Balance at Allowance at Fair Value at Valuation Unobservable Discount at Asset 3/31/17 3/31/17 3/31/17 Technique Inputs 3/31/17 Impaired loans: Commercial: Commercial loans secured by real estate $ 2,740 $ 753 $ 1,987 Sales comparison Discount to appraised value 16 % Commercial and industrial 77 77 0 Sales comparison Discount to appraised value 100 % Loans secured by farmland 502 51 451 Sales comparison Discount to appraised value 55 % Total impaired loans $ 3,319 $ 881 $ 2,438 Foreclosed assets held for sale - real estate: Residential (1-4 family) $ 800 $ 0 $ 800 Sales comparison Discount to appraised value 44 % Land 650 0 650 Sales comparison Discount to appraised value 33 % Commercial real estate 428 0 428 Sales comparison Discount to appraised value 50 % Total foreclosed assets held for sale $ 1,878 $ 0 $ 1,878 (In Thousands, Except Weighted- Percentages) Valuation Average Balance at Allowance at Fair Value at Valuation Unobservable Discount at Asset 12/31/16 12/31/16 12/31/16 Technique Inputs 12/31/16 Impaired loans: Commercial: Commercial loans secured by real estate $ 2,773 $ 528 $ 2,245 Sales comparison Discount to appraised value 7 % Commercial and industrial 95 95 0 Sales comparison Discount to appraised value 100 % Loans secured by farmland 504 51 453 Sales comparison Discount to appraised value 55 % Total impaired loans $ 3,372 $ 674 $ 2,698 Foreclosed assets held for sale - real estate: Residential (1-4 family) $ 1,102 $ 0 $ 1,102 Sales comparison Discount to appraised value 35 % Land 650 0 650 Sales comparison Discount to appraised value 33 % Commercial real estate 428 0 428 Sales comparison Discount to appraised value 50 % Total foreclosed assets held for sale $ 2,180 $ 0 $ 2,180 Certain of the Corporation’s financial instruments are not measured at fair value in the consolidated financial statements. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may may The Corporation used the following methods and assumptions in estimating fair value disclosures for financial instruments: CASH AND CASH EQUIVALENTS - CERTIFICATES OF DEPOSIT - SECURITIES - LOANS HELD FOR SALE - LOANS - SERVICING RIGHTS - DEPOSITS - March 31, 2017 December 31, 2016. BORROWED FUNDS - ACCRUED INTEREST - OFF-BALANCE SHEET COMMITMENTS - third The estimated fair values, and related carrying amounts, of the Corporation’s financial instruments are as follows: (In Thousands) Valuation Mar ch 31, 201 7 December 31, 2016 Method(s) Carrying Fair Carrying Fair Used Amount Value Amount Value Financial assets: Cash and cash equivalents Level 1 $ 29,055 $ 29,055 $ 28,621 $ 28,621 Certificates of deposit Level 2 3,488 3,483 3,488 3,481 Available-for-sale securities See Above 376,919 376,919 395,077 395,077 Restricted equity securities (included in Other Assets) Level 2 4,065 4,065 4,426 4,426 Loans held for sale Level 1 163 163 142 142 Loans, net Level 3 753,277 736,876 743,362 725,787 Accrued interest receivable Level 2 3,804 3,804 3,963 3,963 Servicing rights Level 3 1,278 1,278 1,262 1,262 Financial liabilities: Deposits with no stated maturity Level 2 764,048 764,048 771,625 771,625 Time deposits Level 2 216,203 216,378 212,218 212,274 Short-term borrowings Level 2 20,744 20,612 26,175 26,024 Long-term borrowings Level 2 38,388 38,960 38,454 39,062 Accrued interest payable Level 2 67 67 65 65 |
Note 6 - Securities
Note 6 - Securities | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 6. Amortized cost and fair value of available-for-sale securities at March 31, 2017 December 31, 2016 March 31, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (In Thousands) Cost Gains Losses Value Obligations of U.S. Government agencies $ 9,674 $ 3 $ (109 ) $ 9,568 Obligations of states and political subdivisions: Tax-exempt 117,272 2,756 (1,318 ) 118,710 Taxable 28,559 310 (64 ) 28,805 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 49,896 117 (654 ) 49,359 Residential collateralized mortgage obligations 137,077 372 (1,768 ) 135,681 Commercial mortgage-backed securities 34,411 7 (593 ) 33,825 Total debt securities 376,889 3,565 (4,506 ) 375,948 Marketable equity securities 1,000 0 (29 ) 971 Total $ 377,889 $ 3,565 $ (4,535 ) $ 376,919 December 31, 2016 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (In Thousands) Cost Gains Losses Value Obligations of U.S. Government agencies $ 9,671 $ 5 $ (135 ) $ 9,541 Obligations of states and political subdivisions: Tax-exempt 118,140 2,592 (1,695 ) 119,037 Taxable 30,073 303 (79 ) 30,297 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 58,922 306 (824 ) 58,404 Residential collateralized mortgage obligations 147,915 408 (1,715 ) 146,608 Commercial mortgage-backed securities 30,817 0 (598 ) 30,219 Total debt securities 395,538 3,614 (5,046 ) 394,106 Marketable equity securities 1,000 0 (29 ) 971 Total $ 396,538 $ 3,614 $ (5,075 ) $ 395,077 The following table presents gross unrealized losses and fair value of available-for-sale securities with unrealized loss positions that are not deemed to be other-than-temporarily impaired, aggregated by length of time that individual securities have been in a continuous unrealized loss position at March 31, 2017 December 31, 2016: March 31, 2017 Less Than 12 Months 12 Months or More Total (In Thousands) Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Obligations of U.S. Government agencies $ 7,922 $ (109 ) $ 0 $ 0 $ 7,922 $ (109 ) Obligations of states and political subdivisions: Tax-exempt 36,264 (1,253 ) 2,697 (65 ) 38,961 (1,318 ) Taxable 8,212 (64 ) 0 0 8,212 (64 ) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 37,612 (654 ) 0 0 37,612 (654 ) Residential collateralized mortgage obligations 80,476 (1,159 ) 15,140 (609 ) 95,616 (1,768 ) Commercial mortgage-backed securities 29,840 (593 ) 0 0 29,840 (593 ) Total debt securities 200,326 (3,832 ) 17,837 (674 ) 218,163 (4,506 ) Marketable equity securities 1,000 (29 ) 0 0 1,000 (29 ) Total temporarily impaired available-for-sale securities $ 201,326 $ (3,861 ) $ 17,837 $ (674 ) $ 219,163 $ (4,535 ) December 31, 2016 Less Than 12 Months 12 Months or More Total (In Thousands) Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Obligations of U.S. Government agencies $ 7,899 $ (135 ) $ 0 $ 0 $ 7,899 $ (135 ) Obligations of states and political subdivisions: Tax-exempt 54,479 (1,676 ) 1,278 (19 ) 55,757 (1,695 ) Taxable 9,594 (79 ) 0 0 9,594 (79 ) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 48,674 (824 ) 0 0 48,674 (824 ) Residential collateralized mortgage obligations 85,198 (1,124 ) 16,073 (591 ) 101,271 (1,715 ) Commercial mortgage-backed securities 30,219 (598 ) 0 0 30,219 (598 ) Total debt securities 236,063 (4,436 ) 17,351 (610 ) 253,414 (5,046 ) Marketable equity securities 1,000 (29 ) 0 0 1,000 (29 ) Total temporarily impaired available-for-sale securities $ 237,063 $ (4,465 ) $ 17,351 $ (610 ) $ 254,414 $ (5,075 ) Gross realized gains and losses from available-for-sale securities were as follows: (In Thousands) 3 Months Ended Mar ch 31, Mar ch 31, 2017 2016 Gross realized gains from sales $ 161 $ 383 Gross realized losses from sales (16 ) 0 Net realized gains $ 145 $ 383 The amortized cost and fair value of available-for-sale debt securities by contractual maturity are shown in the following table as of March 31, 2017. may may Amortized Fair (In Thousands) Cost Value Due in one year or less $ 18,630 $ 18,730 Due from one year through five years 72,025 73,398 Due from five years through ten years 40,291 39,963 Due after ten years 24,559 24,992 Sub-total 155,505 157,083 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 49,896 49,359 Residential collateralized mortgage obligations 137,077 135,681 Commercial mortgage-backed securities 34,411 33,825 Total $ 376,889 $ 375,948 The Corporation’s mortgage-backed securities have stated maturities that may one Investment securities carried at $220,272,000 March 31, 2017 $230,803,000 December 31, 2016 8 Management evaluates securities for other-than-temporary impairment (OTTI) at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (1) (2) (3) A summary of information management considered in evaluating debt and equity securities for other-than-temporary impairment (“OTTI”) at March 31, 2017 Debt Securities At March 31, 2017, March 31, 2017 Equity Securities The Corporation’s marketable equity securities at March 31, 2017 December 31, 2016 one March 31, 2017 December 31, 2016, $29,000 The Corporation had no first 2017. first 2016, $249,000 C&N Bank is a member of the Federal Home Loan Bank of Pittsburgh (FHLB-Pittsburgh), which is one 11 $3,935,000 March 31, 2017 $4,296,000 December 31, 2016. not March 31, 2017 December 31, 2016. |
Note 7 - Loans
Note 7 - Loans | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 7. The loans receivable portfolio is segmented into residential mortgage, commercial and consumer loans. Loans outstanding at March 31, 2017 December 31, 2016 Summary of Loans by Type (In Thousands) Mar ch 31, Dec. 31, 2017 2016 Residential mortgage: Residential mortgage loans - first liens $ 340,431 $ 334,102 Residential mortgage loans - junior liens 23,717 23,706 Home equity lines of credit 36,810 38,057 1-4 Family residential construction 24,041 24,908 Total residential mortgage 424,999 420,773 Commercial: Commercial loans secured by real estate 153,385 150,468 Commercial and industrial 79,493 83,854 Political subdivisions 44,625 38,068 Commercial construction and land 15,252 14,287 Loans secured by farmland 7,497 7,294 Multi-family (5 or more) residential 7,622 7,896 Agricultural loans 3,992 3,998 Other commercial loans 11,131 11,475 Total commercial 322,997 317,340 Consumer 14,025 13,722 Total 762,021 751,835 Less: allowance for loan losses (8,744 ) (8,473 ) Loans, net $ 753,277 $ 743,362 The Corporation grants loans to individuals as well as commercial and tax-exempt entities. Commercial, residential and personal loans are made to customers geographically concentrated in the Pennsylvania and New York counties that comprise the market serviced by Citizens & Northern Bank. Although the Corporation has a diversified loan portfolio, a significant portion of its debtors’ ability to honor their contracts is dependent on the local economic conditions within the region. There is no 10% March 31, 2017 December 31, 2016. The Corporation maintains an allowance for loan losses that represents management’s estimate of the losses inherent in the loan portfolio as of the balance sheet date and recorded as a reduction of the investment in loans. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Corporation’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may may portfolio, management also considers the Corporation’s exposure to losses from unfunded loan commitments. As of March 31, 2017 December 31, 2016, Transactions within the allowance for loan losses, summarized by segment and class, for the three March 31, 2017 2016 Three Months Ended March 31, 2017 Dec. 31 , March 31 , (In Thousands) 2016 Balance Charge-offs Recoveries Provision (Credit) 2017 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,033 $ (63 ) $ 2 $ 153 $ 3,125 Residential mortgage loans - junior liens 258 0 1 (3 ) 256 Home equity lines of credit 350 0 0 (12 ) 338 1-4 Family residential construction 249 0 0 (9 ) 240 Total residential mortgage 3,890 (63 ) 3 129 3,959 Commercial: Commercial loans secured by real estate 2,380 (96 ) 0 401 2,685 Commercial and industrial 999 0 1 (94 ) 906 Commercial construction and land 162 0 0 7 169 Loans secured by farmland 110 0 0 1 111 Multi-family (5 or more) residential 241 0 0 (5 ) 236 Agricultural loans 40 0 0 (1 ) 39 Other commercial loans 115 0 0 (6 ) 109 Total commercial 4,047 (96 ) 1 303 4,255 Consumer 138 (41 ) 15 20 132 Unallocated 398 0 0 0 398 Total Allowance for Loan Losses $ 8,473 $ (200 ) $ 19 $ 452 $ 8,744 Three Months Ended March 31, 2016 Dec. 31, March 31 , (In Thousands) 2015 Balance Charge-offs Recoveries Provision (Credit) 2016 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 2,645 $ 0 $ 0 $ 77 $ 2,722 Residential mortgage loans - junior liens 219 0 0 9 228 Home equity lines of credit 347 0 0 4 351 1-4 Family residential construction 207 0 0 (7 ) 200 Total residential mortgage 3,418 0 0 83 3,501 Commercial: Commercial loans secured by real estate 1,939 0 1 87 2,027 Commercial and industrial 981 0 1 (6 ) 976 Commercial construction and land 58 0 0 26 84 Loans secured by farmland 106 0 0 2 108 Multi-family (5 or more) residential 675 (595 ) 0 176 256 Agricultural loans 45 0 0 (1 ) 44 Other commercial loans 118 0 0 (6 ) 112 Total commercial 3,922 (595 ) 2 278 3,607 Consumer 122 (18 ) 15 7 126 Unallocated 427 0 0 0 427 Total Allowance for Loan Losses $ 7,889 $ (613 ) $ 17 $ 368 $ 7,661 In the evaluation of the loan portfolio, management determines two (1) (2) In determining the larger loan relationships for detailed assessment under the specific allowance component, the Corporation uses an internal risk rating system. Under the risk rating system, the Corporation classifies problem or potential problem loans as “Special Mention,” “Substandard,” or “Doubtful” on the basis of currently existing facts, conditions and values. Substandard loans include those characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans that do not currently expose the Corporation to sufficient risk to warrant classification as Substandard or Doubtful, but possess weaknesses that deserve management’s close attention, are deemed to be Special Mention. Risk ratings are updated any time that conditions or the situation warrants. Loans not classified are included in the “Pass” column in the table below. The following tables summarize the aggregate credit quality classification of outstanding loans by risk rating as of March 31, 2017 December 31, 2016: March 31, 2017 (In Thousands) Special Pass Mention Substandard Doubtful Total Residential Mortgage: Residential mortgage loans - first liens $ 330,808 $ 293 $ 9,274 $ 56 $ 340,431 Residential mortgage loans - junior liens 23,318 142 257 0 23,717 Home equity lines of credit 36,150 63 597 0 36,810 1-4 Family residential construction 23,954 0 87 0 24,041 Total residential mortgage 414,230 498 10,215 56 424,999 Commercial: Commercial loans secured by real estate 142,711 2,721 7,953 0 153,385 Commercial and Industrial 73,006 5,046 1,430 11 79,493 Political subdivisions 44,625 0 0 0 44,625 Commercial construction and land 15,112 60 80 0 15,252 Loans secured by farmland 5,482 601 1,399 15 7,497 Multi-family (5 or more) residential 7,013 0 609 0 7,622 Agricultural loans 3,138 84 770 0 3,992 Other commercial loans 11,057 0 74 0 11,131 Total commercial 302,144 8,512 12,315 26 322,997 Consumer 13,812 7 206 0 14,025 Totals $ 730,186 $ 9,017 $ 22,736 $ 82 $ 762,021 December 31, 2016 (In Thousands) Special Pass Mention Substandard Doubtful Total Residential Mortgage: Residential mortgage loans - first liens $ 324,377 $ 408 $ 9,258 $ 59 $ 334,102 Residential mortgage loans - junior liens 23,274 132 300 0 23,706 Home equity lines of credit 37,360 123 574 0 38,057 1-4 Family residential construction 24,820 0 88 0 24,908 Total residential mortgage 409,831 663 10,220 59 420,773 Commercial: Commercial loans secured by real estate 139,358 3,092 8,018 0 150,468 Commercial and Industrial 79,202 4,180 461 11 83,854 Political subdivisions 38,068 0 0 0 38,068 Commercial construction and land 14,136 70 81 0 14,287 Loans secured by farmland 5,745 129 1,404 16 7,294 Multi-family (5 or more) residential 7,277 0 619 0 7,896 Agricultural loans 3,208 0 790 0 3,998 Other commRercial loans 11,401 0 74 0 11,475 Total commercial 298,395 7,471 11,447 27 317,340 Consumer 13,546 0 176 0 13,722 Totals $ 721,772 $ 8,134 $ 21,843 $ 86 $ 751,835 The general component of the allowance for loan losses covers pools of loans including commercial loans not considered individually impaired, as well as smaller balance homogeneous classes of loans, such as residential real estate, home equity lines of credit and other consumer loans. Accordingly, the Corporation generally does not separately identify individual consumer and residential loans for impairment disclosures, unless such loans are subject to a restructuring agreement. The pools of loans are evaluated for loss exposure based upon three three three The qualitative factors used in the general component calculations are designed to address credit risk characteristics associated with each segment. The Corporation’s credit risk associated with all of the segments is significantly impacted by these factors, which include economic conditions within its market area, the Corporation’s lending policies, changes or trends in the portfolio, risk profile, competition, regulatory requirements and other factors. Further, the residential mortgage segment is significantly affected by the values of residential real estate that provide collateral for the loans. The majority of the Corporation’s commercial segment loans (approximately 57% March 31, 2017) Loans are classified as impaired, when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial loans, by the fair value of the collateral (if the loan is collateral dependent), by future cash flows discounted at the loan’s effective rate or by the loan’s observable market price. The scope of loans reviewed individually each quarter to determine if they are impaired include all loan relationships greater than $200,000 one not March 31, 2017 December 31, 2016. $200,000 $100,000 The following tables present a summary of loan balances and the related allowance for loan losses summarized by portfolio segment and class for each impairment method used as of March 31, 2017 December 31, 2016: March 31, 2017 Loans: Allowance for Loan Losses: (In Thousands) Individually Collectively Individually Collectively Evaluated Evaluated Totals Evaluated Evaluated Totals Residential mortgage: Residential mortgage loans - first liens $ 743 $ 339,688 $ 340,431 $ 0 $ 3,125 $ 3,125 Residential mortgage loans - junior liens 66 23,651 23,717 0 256 256 Home equity lines of credit 0 36,810 36,810 0 338 338 1-4 Family residential construction 0 24,041 24,041 0 240 240 Total residential mortgage 809 424,190 424,999 0 3,959 3,959 Commercial: Commercial loans secured by real estate 5,915 147,470 153,385 753 1,932 2,685 Commercial and industrial 162 79,331 79,493 77 829 906 Political subdivisions 0 44,625 44,625 0 0 0 Commercial construction and land 0 15,252 15,252 0 169 169 Loans secured by farmland 1,387 6,110 7,497 51 60 111 Multi-family (5 or more) residential 392 7,230 7,622 0 236 236 Agricultural loans 12 3,980 3,992 0 39 39 Other commercial loans 0 11,131 11,131 0 109 109 Total commercial 7,868 315,129 322,997 881 3,374 4,255 Consumer 22 14,003 14,025 0 132 132 Unallocated 398 Total $ 8,699 $ 753,322 $ 762,021 $ 881 $ 7,465 $ 8,744 December 31, 2016 Loans: Allowance for Loan Losses: (In Thousands) Individually Collectively Individually Collectively Evaluated Evaluated Totals Evaluated Evaluated Totals Residential mortgage: Residential mortgage loans - first liens $ 753 $ 333,349 $ 334,102 $ 0 $ 3,033 $ 3,033 Residential mortgage loans - junior liens 68 23,638 23,706 0 258 258 Home equity lines of credit 0 38,057 38,057 0 350 350 1-4 Family residential construction 0 24,908 24,908 0 249 249 Total residential mortgage 821 419,952 420,773 0 3,890 3,890 Commercial: Commercial loans secured by real estate 8,005 142,463 150,468 528 1,852 2,380 Commercial and industrial 212 83,642 83,854 95 904 999 Political subdivisions 0 38,068 38,068 0 0 0 Commercial construction and land 0 14,287 14,287 0 162 162 Loans secured by farmland 1,394 5,900 7,294 51 59 110 Multi-family (5 or more) residential 392 7,504 7,896 0 241 241 Agricultural loans 13 3,985 3,998 0 40 40 Other commercial loans 0 11,475 11,475 0 115 115 Total commercial 10,016 307,324 317,340 674 3,373 4,047 Consumer 23 13,699 13,722 0 138 138 Unallocated 398 Total $ 10,860 $ 740,975 $ 751,835 $ 674 $ 7,401 $ 8,473 Summary information related to impaired loans at March 31, 2017 December 31, 2016 (In Thousands) March 31, 2017 December 31, 2016 Unpaid Unpaid Principal Recorded Related Principal Recorded Related Balance Investment Allowance Balance Investment Allowance With no related allowance recorded: Residential mortgage loans - first liens $ 773 $ 743 $ 0 $ 783 $ 753 $ 0 Residential mortgage loans - junior liens 66 66 0 68 68 0 Commercial loans secured by real estate 3,175 3,175 0 6,975 5,232 0 Commercial and industrial 85 85 0 117 117 0 Loans secured by farmland 885 885 0 890 890 0 Multi-family (5 or more) residential 987 392 0 987 392 0 Agricultural loans 12 12 0 13 13 0 Consumer 22 22 0 23 23 0 Total with no related allowance recorded 6,005 5,380 0 9,856 7,488 0 With a related allowance recorded: Commercial loans secured by real estate 2,740 2,740 753 2,773 2,773 528 Commercial and industrial 77 77 77 95 95 95 Loans secured by farmland 502 502 51 504 504 51 Total with a related allowance recorded 3,319 3,319 881 3,372 3,372 674 Total $ 9,324 $ 8,699 $ 881 $ 13,228 $ 10,860 $ 674 The average balance of impaired loans and interest income recognized on impaired loans is as follows: Interest Income Recognized on Average Investment in Impaired Loans Impaired Loans on a Cash Basis (In Thousands) 3 Months Ended 3 Months Ended March 31, March 31, 2017 2016 2017 2016 Residential mortgage: Residential mortgage loans - first lien $ 748 $ 861 $ 9 $ 10 Residential mortgage loans - junior lien 67 73 1 1 Total residential mortgage 815 934 10 11 Commercial: Commercial loans secured by real estate 6,889 6,160 56 110 Commercial and industrial 247 568 3 3 Loans secured by farmland 1,390 1,423 8 21 Multi-family (5 or more) residential 392 690 0 0 Agricultural loans 12 15 1 1 Total commercial 8,930 8,856 68 135 Consumer 33 12 0 0 Total $ 9,778 $ 9,802 $ 78 $ 146 Loans are placed on nonaccrual status for all classes of loans when, in the opinion of management, collection of interest is doubtful. Any unpaid interest previously accrued on those loans is reversed from income. Interest income is not recognized on specific impaired loans unless the likelihood of further loss is remote. Interest payments received on loans for which the risk of further loss is greater than remote are applied as a reduction of the loan principal balance. Interest income on other nonaccrual loans, including impaired loans, is recognized only to the extent of interest payments received. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six The breakdown by portfolio segment and class of nonaccrual loans and loans past due ninety (In Thousands) March 31, 2017 December 31, 2016 Past Due Past Due 90+ Days and 90+ Days and Accruing Nonaccrual Accruing Nonaccrual Residential mortgage: Residential mortgage loans - first liens $ 1,979 $ 3,478 $ 3,022 $ 3,770 Residential mortgage loans - junior liens 40 0 114 0 Home equity lines of credit 158 11 320 11 Total residential mortgage 2,177 3,489 3,456 3,781 Commercial: Commercial loans secured by real estate 96 5,713 2,774 3,080 Commercial and industrial 218 160 286 119 Loans secured by farmland 216 1,326 219 1,331 Multi-family (5 or more) residential 0 392 0 392 Agricultural loans 0 12 0 13 Total commercial 530 7,603 3,279 4,935 Consumer 7 139 103 20 Totals $ 2,714 $ 11,231 $ 6,838 $ 8,736 The amounts shown in the table immediately above include loans classified as troubled debt restructurings (described in more detail below), if such loans are past due ninety The table below presents a summary of the contractual aging of loans as of March 31, 2017 December 31, 2016: As of March 31, 2017 As of December 31, 2016 Current & Current & (In Thousands) Past Due Past Due Past Due Past Due Past Due Past Due Less than 30-89 90+ Less than 30-89 90+ 30 Days Days Days Total 30 Days Days Days Total Residential mortgage: Residential mortgage loans - first liens $ 330,781 $ 6,044 $ 3,606 $ 340,431 $ 321,670 $ 6,695 $ 5,737 $ 334,102 Residential mortgage loans - junior liens 23,593 84 40 23,717 23,268 324 114 23,706 Home equity lines of credit 36,427 225 158 36,810 37,603 134 320 38,057 1-4 Family residential construction 23,543 498 0 24,041 24,567 341 0 24,908 Total residential mortgage 414,344 6,851 3,804 424,999 407,108 7,494 6,171 420,773 Commercial: Commercial loans secured by real estate 150,231 240 2,914 153,385 147,464 82 2,922 150,468 Commercial and industrial 79,202 13 278 79,493 83,364 185 305 83,854 Political subdivisions 44,625 0 0 44,625 38,068 0 0 38,068 Commercial construction and land 15,154 98 0 15,252 14,199 88 0 14,287 Loans secured by farmland 6,334 138 1,025 7,497 6,181 83 1,030 7,294 Multi-family (5 or more) residential 7,230 0 392 7,622 7,439 65 392 7,896 Agricultural loans 3,979 1 12 3,992 3,981 4 13 3,998 Other commercial loans 11,131 0 0 11,131 11,475 0 0 11,475 Total commercial 317,886 490 4,621 322,997 312,171 507 4,662 317,340 Consumer 13,857 72 96 14,025 13,446 153 123 13,722 Totals $ 746,087 $ 7,413 $ 8,521 $ 762,021 $ 732,725 $ 8,154 $ 10,956 $ 751,835 Nonaccrual loans are included in the contractual aging in the immediately preceding table. A summary of the contractual aging of nonaccrual loans at March 31, 2017 December 31, 2016 Current & (In Thousands) Past Due Past Due Past Due Less than 30-89 90+ 30 Days Days Days Total March 31, 2017 Nonaccrual Totals $ 4,487 $ 937 $ 5,807 $ 11,231 December 31, 2016 Nonaccrual Totals $ 4,199 $ 419 $ 4,118 $ 8,736 Loans whose terms are modified are classified as Troubled Debt Restructurings (TDRs) if the Corporation grants such borrowers concessions, and it is deemed that those borrowers are experiencing financial difficulty. Loans classified as TDRs are designated as impaired. The outstanding balance of loans subject to TDRs, as well as contractual aging information at March 31, 2017 December 31, 2016 Current & (In Thousandas) Past Due Past Due Past Due Less than 30-89 90+ 30 Days Days Days Nonaccrual Total March 31, 2017 Totals $ 701 $ 51 $ 242 $ 2,841 $ 3,835 December 31, 2016 Totals $ 5,453 $ 350 $ 0 $ 2,874 $ 8,677 At March 31, 2017 December 31, 2016, no TDRs that occurred during the three March 31, 2017 2016 (Balances in Thousands) March 31, 2017 March 31, 2016 Post- Post- Number Modification Number Modification of Recorded of Recorded Loans Investment Loans Investment Commercial and industrial, Extended maturity 0 $ 0 1 $ 5 Total 0 $ 0 1 $ 5 In the three March 31 2017 2016, 12 (Balances in Thousands) March 31, 2017 March 31, 2016 Number Number of Recorded of Recorded Loans Investment Loans Investment Residential mortgage - first liens 2 $ 293 1 $ 31 Residential mortgage - junior liens 1 28 0 0 Commercial and industrial 0 0 1 5 Consumer 1 26 0 0 Total 4 $ 347 2 $ 36 The carrying amount of foreclosed residential real estate properties held as a result of obtaining physical possession (included in Foreclosed assets held for sale in the unaudited Consolidated Balance Sheet) is as follows: (In Thousands) March 31, Dec. 31, 2017 2016 Foreclosed residential real estate $ 800 $ 1,102 The recorded investment of consumer mortgage loans secured by residential real properties for which formal foreclosure proceedings were in process is as follows: (In Thousands) March 31, Dec. 31, 2017 2016 Residential real estate in process of foreclosure $ 2,544 $ 2,738 |
Note 8 - Borrowed Funds
Note 8 - Borrowed Funds | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 8. Short-term borrowings include the following: (In Thousands) Mar ch 31, Dec. 31, 2017 2016 FHLB-Pittsburgh borrowings $ 14,500 $ 21,000 Customer repurchase agreements 6,244 5,175 Total short-term borrowings $ 20,744 $ 26,175 The FHLB-Pittsburgh loan facilities are collateralized by qualifying loans secured by real estate with a book value totaling $483,045,000 March 31, 2017 $471,454,000 December 31, 2016. $3,935,000 March 31, 2017 $4,296,000 December 31, 2016. At March 31, 2017, $14,500,000 0.99%. December 31, 2016, $21,000,000 0.74%. The Corporation engages in repurchase agreements with certain commercial customers. These agreements provide that the Corporation sells specified investment securities to the customers on an overnight basis and repurchases them on the following business day. The weighted average interest rate paid by the Corporation on customer repurchase agreements was 0.10% March 31, 2017 December 31, 2016. Long-term borrowings are as follows: (In Thousands) Mar ch 31, Dec. 31, 2017 2016 FHLB-Pittsburgh borrowings $ 11,388 $ 11,454 Repurchase agreement 27,000 27,000 Total long-term borrowings $ 38,388 $ 38,454 Long-term borrowings from FHLB-Pittsburgh are as follows: (In Thousands) Mar ch 31, Dec. 31, 2017 2016 Loan maturing in June 2017 with a rate of 6.83% $ 2 $ 4 Loan maturing in September 2017 with a rate of 3.81% 10,000 10,000 Loan maturing in April 2020 with a rate of 4.79% 601 646 Loan maturing in June 2025 with a rate of 4.91% 785 804 Total long-term FHLB-Pittsburgh borrowings $ 11,388 $ 11,454 The repurchase agreement included in long-term borrowings has an interest rate of 3.595% December 2017. The “Repurchase Date,” as defined in the Master Repurchase Agreement between the Corporation and the broker-dealer, occurs quarterly on or about the 20 th March, June, September December December 20, 2017. Securities sold under repurchase agreements were delivered to the broker-dealer who is the counter-party to the transactions. The broker-dealer may one The carrying value of the underlying securities was $34,675,000 March 31, 2017 $31,494,000 December 31, 2016, (In Thousands) Mar ch 31, Dec. 31, 2017 2016 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities $ 15,268 $ 18,181 Residential collateralized mortgage obligations 19,407 13,313 Total $ 34,675 $ 31,494 Two of the more significant risks associated with the repurchase agreement with the broker-dealer are as follows: ● The borrowings are putable at quarterly intervals by the issuer. Accordingly, if interest rates were to rise to a sufficient level, the issuer would be expected to require the Corporation to pay off the borrowing. In this circumstance, the Corporation would be required to obtain a new borrowing at a higher interest rate than the existing repurchase agreement or utilize cash from other sources to pay off the borrowing. If sales of available-for-sale securities were used to generate cash to pay off the borrowing, the value of such securities would be expected to have fallen, which could result in the Corporation recognizing a loss. ● As principal pay-downs of mortgage backed securities and CMOs occur, the Corporation must have available, unencumbered assets or purchase a sufficient amount of assets with credit quality suitable to the broker-dealer to replace the amounts being paid off. Since pre-payments of mortgages typically increase as interest rates fall, the Corporation may The Corporation manages these risks by maintaining sufficient available assets of acceptable credit quality, as well as maintaining other borrowing facilities, to meet ongoing collateral maintenance requirements or pay off the borrowing if required. In particular, the Corporation had unused borrowing capacity available from the FHLB-Pittsburgh of $320,661,000 March 31, 2017. |
Note 9 - Employee and Postretir
Note 9 - Employee and Postretirement Benefit Plans | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 9. The Corporation sponsors a defined benefit health care plan that provides postretirement medical benefits and life insurance to employees who meet certain age and length of service requirements. Full-time employees no longer accrue service time toward the Corporation-subsidized portion of the medical benefits. The plan contains a cost-sharing feature which causes participants to pay for all future increases in costs related to benefit coverage. Accordingly, actuarial assumptions related to health care cost trend rates do not significantly affect the liability balance at March 31, 2017 December 31, 2016, December 31 In an acquisition in 2007, December 31, 2002, December 31 The components of net periodic benefit costs from these defined benefit plans are as follows: Defined Benefit Plans (In Thousands) Pension Postretirement Three Months Ended Three Months Ended March 31, March 31, 2017 2016 2017 2016 Service cost $ 0 $ 0 $ 9 $ 9 Interest cost 6 7 14 16 Expected return on plan assets (8 ) (7 ) 0 0 Amortization of prior service cost 0 0 (8 ) (8 ) Recognized net actuarial loss 2 3 0 0 Net periodic benefit cost $ 0 $ 3 $ 15 $ 17 In the first three 2017, $12,000, $62,000 2017 no 2017, may |
Note 10 - Stock-based Compensat
Note 10 - Stock-based Compensation Plans | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 10. The Corporation has a Stock Incentive Plan for a selected group of officers and an Independent Directors Stock Incentive Plan. In the first 2017, 22,312 8,470 2017 three one 14,897 2017 one Compensation cost related to restricted stock is recognized based on the market price of the stock at the grant date over the vesting period. Management has estimated restricted stock expense in the first three 2017 2016 2017 Total annual stock-based compensation for the year ending December 31, 2017 $652,000. 2016 2017 $123,000. $168,000 first 2017 $162,000 first 2016. |
Note 11 - Income Taxes
Note 11 - Income Taxes | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 11. The net deferred tax asset at March 31, 2017 December 31, 2016 March 31, December 31, (In Thousands) 2017 2016 Deferred tax assets: Unrealized holding losses on securities $ 340 $ 512 Allowance for loan losses 3,094 2,998 Other deferred tax assets 2,309 2,658 Total deferred tax assets 5,743 6,168 Deferred tax liabilities: Defined benefit plans - ASC 835 83 27 Bank premises and equipment 933 913 Core deposit intangibles 6 6 Other deferred tax liabilities 105 105 Total deferred tax liabilities 1,127 1,051 Deferred tax asset, net $ 4,616 $ 5,117 The provision for income tax for the three March 31, 2017 2016 Three Months Ended (Dollars In thousands) March 31, 2017 2016 Income before income tax provision $ 4,418 $ 4,666 Income tax provision 984 1,093 Effective tax rate 22.27 % 23.42 % The effective tax rate for each period presented differs from the statutory rate of 35% The Corporation has investments in three two three housing project was completed in 2013, 2013 2016 2022. $687,000 March 31, 2017 $713,000 December 31, 2016 December 31, 2017, $157,000 $73,000. $18,000 first 2017 $19,000 first 2016. The Corporation has no 2013. |
Note 12 - Contingencies
Note 12 - Contingencies | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 12. CONTINGENCIES In the normal course of business, the Corporation may |
Note 13 - Recent Accounting Pro
Note 13 - Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Accounting Changes and Error Corrections [Text Block] | 13. The FASB issues Accounting Standards Updates (ASUs) to the FASB ASC. This section provides a summary description of recent ASUs that have significant implications (elected or required) within the consolidated financial statements, or that management expects may In May 2014, 2014 09, five ● In August 2015 2015 14, first 2018 December 31, 2018. ● In April 2016, 2016 10, ● In May 2016, 2016 12 December 2016, 2016 20, ● In February 2017, 2017 05, The amendments should be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the amendments recognized at the date of initial application. Initial adoption of this ASU is not expected to have a significant impact on the Corporation, as recognition of interest income and the larger sources of noninterest income in the Corporation’s current business model would not be impacted by the ASU. In January 2016, 2016 01, (1) may (2) (3) (4) (5) March 31, 2017 December 31, 2016, (6) (7) first 2018. In February 2016, 2016 02, 842). 842 12 842 842 842 842 first 2019. In March 2016, 2016 07, first 2017. 2017 In March 2016, 2016 09, may (1) (2) (3) (4) (5) first 2017, 2017 In June 2016, 2016 13, 326). ● The ASU requires that a financial asset (or a group of financial assets) measured at amortized cost basis be presented, net of a valuation allowance for credit losses, at an amount expected to be collected on the financial asset(s), and that the income statement include the measurement of credit losses for newly recognized financial assets as well as changes in expected losses on previously recognized financial assets. The provisions of this ASU require measurement of expected credit losses based on relevant information including past events, historical experience, current conditions, and reasonable and supportive forecasts that affect the collectability of the asset. The provisions of this ASU differ from current U.S. GAAP in that current U.S. GAAP generally delays recognition of the full amount of credit losses until the loss is probable of occurring. ● The amendments in the Update retain many of the disclosure requirements related to credit quality in current U.S. GAAP, updated to reflect the change from an incurred loss methodology to an expected credit loss methodology. ● In addition, the Update requires that disclosure of credit quality indicators in relation to the amortized cost of financing receivables, a current requirement, be further disaggregated by year of origination. ● This ASU requires that credit losses on available-for-sale debt securities be presented as an allowance rather than as a write-down, and limits the amount of the allowance for credit losses to the amount by which the fair value is below amortized cost. For purchased available-for-sale securities with a more-than-insignificant amount of credit deterioration since origination, the ASU requires an allowance be determined in a manner similar to other available-for-sale debt securities; however, the initial allowance would be added to the purchase price, with only subsequent changes in the allowance recorded in credit loss expense, and interest income recognized at the effective rate excluding the discount embedded in the purchase price related to estimated credit losses at acquisition. ● This ASU will be effective for the Corporation for interim and annual periods beginning in the first 2020. first 2019. 326 The Corporation is in the early stages of evaluating the potential impact of adopting this amendment. In June 2016, 2016 15, 230) eight first 2018. In January 2017, 2017 04, 350) 2 may first 2020. In March 2017, 2017 08, 310 20). first 2019. |
Note 2 - Per Share Data (Tables
Note 2 - Per Share Data (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 3 Months Ended March 31, March 31, 2017 2016 Basic Net income $ 3,434,000 $ 3,573,000 Less: Dividends and undistributed earnings allocated to participating securities (18,000 ) (20,000 ) Net income attributable to common shares $ 3,416,000 $ 3,553,000 Basic weighted-average common shares outstanding 12,085,729 12,087,290 Basic earnings per common share (a) $ 0.28 $ 0.29 Diluted Net income attributable to common shares $ 3,416,000 $ 3,553,000 Basic weighted-average common shares outstanding 12,085,729 12,087,290 Dilutive effect of potential common stock arising from stock options 45,681 20,770 Diluted weighted-average common shares outstanding 12,131,410 12,108,060 Diluted earnings per common share (a) $ 0.28 $ 0.29 |
Note 3 - Comprehensive Income (
Note 3 - Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Comprehensive Income (Loss) [Table Text Block] | (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Three Months Ended March 31, 2017 Unrealized gains on available-for-sale securities: Unrealized holding gains on available-for-sale securities $ 636 $ (223 ) $ 413 Reclassification adjustment for (gains) realized in income (145 ) 51 (94 ) Other comprehensive income on available-for-sale securities 491 (172 ) 319 Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 166 (58 ) 108 Amortization of net transition obligation, prior service cost and net actuarial gain included in net periodic benefit cost (6 ) 2 (4 ) Other comprehensive income on unfunded retirement obligations 160 (56 ) 104 Total other comprehensive income $ 651 $ (228 ) $ 423 (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Three Months Ended March 31, 2016 Unrealized gains on available-for-sale securities: Unrealized holding gains on available-for-sale securities $ 4,774 $ (1,671 ) $ 3,103 Reclassification adjustment for (gains) realized in income (383 ) 134 (249 ) Other comprehensive income on available-for-sale securities 4,391 (1,537 ) 2,854 Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 26 (9 ) 17 Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost (5 ) 2 (3 ) Other comprehensive income on unfunded retirement obligations 21 (7 ) 14 Total other comprehensive income $ 4,412 $ (1,544 ) $ 2,868 |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | (In Thousands) Unrealized Accumulated Holding Gains Unfunded Other (Losses) Retirement Comprehensive on Securities Obligations Loss Three Months Ended March 31, 2017 Balance, beginning of period $ (949 ) $ 51 $ (898 ) Change during three months ended March 31, 2017 319 104 423 Balance, end of period $ (630 ) $ 155 $ (475 ) (In Thousands) Unrealized Accumulated Holding Gains Unfunded Other (Losses) Retirement Comprehensive on Securities Obligations Income Three Months Ended March 31, 2016 Balance, beginning of period $ 2,493 $ 35 $ 2,528 Change during three months ended March 31, 2016 2,854 14 2,868 Balance, end of period $ 5,347 $ 49 $ 5,396 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | For the Three Months Ended March 31, 2017 (In Thousands) Details about Accumulated Other Reclassified from Comprehensive Affected Line Item in the Consolidated Comprehensive Income Components Income Statements of Income Unrealized gains and losses on available-for-sale $ (145 ) Realized gains on available-for-sale securities, net 51 Income tax provision (94 ) Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (8 ) Pensions and other employee benefits Actuarial loss 2 Pensions and other employee benefits (6 ) Total before tax 2 Income tax provision (4 ) Net of tax Total reclassifications for the period $ (98 ) For the Three Months Ended March 31, 2016 (In Thousands) Details about Accumulated Other Reclassified from Comprehensive Affected Line Item in the Consolidated Comprehensive Income Components Income Statements of Income Unrealized gains and losses on available-for-sale securities $ (383 ) Realized gains on available-for-sale securities, net 134 Income tax provision (249 ) Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (8 ) Pensions and other employee benefits Actuarial loss 3 Pensions and other employee benefits (5 ) Total before tax 2 Income tax provision (3 ) Net of tax Total reclassifications for the period $ (252 ) |
Note 4 - Cash and Due From Ba24
Note 4 - Cash and Due From Banks (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Cash and Cash Equivalents [Table Text Block] | (In thousands) Mar ch 31, Dec. 31, 2017 2016 Cash and cash equivalents $ 29,055 $ 28,621 Certificates of deposit 3,488 3,488 Total cash and due from banks $ 32,543 $ 32,109 |
Note 5 - Fair Value Measureme25
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2017 Quoted Prices Other in Active Observable Unobservable Total Markets Inputs Inputs Fair (In Thousands) (Level 1) (Level 2) (Level 3) Value Recurring fair value measurements AVAILABLE-FOR-SALE SECURITIES: Obligations of U.S. Government agencies $ 0 $ 9,568 $ 0 $ 9,568 Obligations of states and political subdivisions: Tax-exempt 0 118,710 0 118,710 Taxable 0 28,805 0 28,805 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 49,359 0 49,359 Residential collateralized mortgage obligations 0 135,681 0 135,681 Commercial mortgage-backed securities 0 33,825 0 33,825 Total debt securities 0 375,948 0 375,948 Marketable equity securities 971 0 0 971 Total available-for-sale securities 971 375,948 0 376,919 Servicing rights 0 0 1,278 1,278 Total recurring fair value measurements $ 971 $ 375,948 $ 1,278 $ 378,197 Nonrecurring fair value measurements Impaired loans with a valuation allowance $ 0 $ 0 $ 3,319 $ 3,319 Valuation allowance 0 0 (881 ) (881 ) Impaired loans, net 0 0 2,438 2,438 Foreclosed assets held for sale 0 0 1,878 1,878 Total nonrecurring fair value measurements $ 0 $ 0 $ 4,316 $ 4,316 December 31, 2016 Quoted Prices Other in Active Observable Unobservable Total Markets Inputs Inputs Fair (In Thousands) (Level 1) (Level 2) (Level 3) Value Recurring fair value measurements AVAILABLE-FOR-SALE SECURITIES: Obligations of U.S. Government agencies $ 0 $ 9,541 $ 0 $ 9,541 Obligations of states and political subdivisions: Tax-exempt 0 119,037 0 119,037 Taxable 0 30,297 0 30,297 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 58,404 0 58,404 Residential collateralized mortgage obligations 0 146,608 0 146,608 Commercial mortgage-Backed securities 0 30,219 0 30,219 Total debt securities 0 394,106 0 394,106 Marketable equity securities 971 0 0 971 Total available-for-sale securities 971 394,106 0 395,077 Servicing rights 0 0 1,262 1,262 Total recurring fair value measurements $ 971 $ 394,106 $ 1,262 $ 396,339 Nonrecurring fair value measurements Impaired loans with a valuation allowance $ 0 $ 0 $ 3,372 $ 3,372 Valuation allowance 0 0 (674 ) (674 ) Impaired loans, net 0 0 2,698 2,698 Foreclosed assets held for sale 0 0 2,180 2,180 Total nonrecurring fair value measurements $ 0 $ 0 $ 4,878 $ 4,878 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | (In Thousands) Three Months Ended Mar ch 31 Mar ch 31, 2017 2016 Servicing rights balance, beginning of period $ 1,262 $ 1,296 Capitalization of servicing rights 46 36 Unrealized (losses) included in earnings (30 ) (71 ) Servicing rights balance, end of period $ 1,278 $ 1,261 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | (In Thousands) Valuation Mar ch 31, 201 7 December 31, 2016 Method(s) Carrying Fair Carrying Fair Used Amount Value Amount Value Financial assets: Cash and cash equivalents Level 1 $ 29,055 $ 29,055 $ 28,621 $ 28,621 Certificates of deposit Level 2 3,488 3,483 3,488 3,481 Available-for-sale securities See Above 376,919 376,919 395,077 395,077 Restricted equity securities (included in Other Assets) Level 2 4,065 4,065 4,426 4,426 Loans held for sale Level 1 163 163 142 142 Loans, net Level 3 753,277 736,876 743,362 725,787 Accrued interest receivable Level 2 3,804 3,804 3,963 3,963 Servicing rights Level 3 1,278 1,278 1,262 1,262 Financial liabilities: Deposits with no stated maturity Level 2 764,048 764,048 771,625 771,625 Time deposits Level 2 216,203 216,378 212,218 212,274 Short-term borrowings Level 2 20,744 20,612 26,175 26,024 Long-term borrowings Level 2 38,388 38,960 38,454 39,062 Accrued interest payable Level 2 67 67 65 65 |
Fair Value, Measurements, Nonrecurring [Member] | |
Notes Tables | |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | (In Thousands, Except Weighted- Percentages) Valuation Average Balance at Allowance at Fair Value at Valuation Unobservable Discount at Asset 3/31/17 3/31/17 3/31/17 Technique Inputs 3/31/17 Impaired loans: Commercial: Commercial loans secured by real estate $ 2,740 $ 753 $ 1,987 Sales comparison Discount to appraised value 16 % Commercial and industrial 77 77 0 Sales comparison Discount to appraised value 100 % Loans secured by farmland 502 51 451 Sales comparison Discount to appraised value 55 % Total impaired loans $ 3,319 $ 881 $ 2,438 Foreclosed assets held for sale - real estate: Residential (1-4 family) $ 800 $ 0 $ 800 Sales comparison Discount to appraised value 44 % Land 650 0 650 Sales comparison Discount to appraised value 33 % Commercial real estate 428 0 428 Sales comparison Discount to appraised value 50 % Total foreclosed assets held for sale $ 1,878 $ 0 $ 1,878 (In Thousands, Except Weighted- Percentages) Valuation Average Balance at Allowance at Fair Value at Valuation Unobservable Discount at Asset 12/31/16 12/31/16 12/31/16 Technique Inputs 12/31/16 Impaired loans: Commercial: Commercial loans secured by real estate $ 2,773 $ 528 $ 2,245 Sales comparison Discount to appraised value 7 % Commercial and industrial 95 95 0 Sales comparison Discount to appraised value 100 % Loans secured by farmland 504 51 453 Sales comparison Discount to appraised value 55 % Total impaired loans $ 3,372 $ 674 $ 2,698 Foreclosed assets held for sale - real estate: Residential (1-4 family) $ 1,102 $ 0 $ 1,102 Sales comparison Discount to appraised value 35 % Land 650 0 650 Sales comparison Discount to appraised value 33 % Commercial real estate 428 0 428 Sales comparison Discount to appraised value 50 % Total foreclosed assets held for sale $ 2,180 $ 0 $ 2,180 |
Fair Value, Measurements, Recurring [Member] | |
Notes Tables | |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | Fair Value at 3/31/17 Valuation Unobservable Method or Value As of Asset (In Thousands) Technique Input(s) 3/31/17 Servicing rights $ 1,278 Discounted cash flow Discount rate 13.00 % Rate used through modeling period Loan prepayment speeds 132.00 % Weighted-average PSA Servicing fees 0.25 % of loan balances 4.00 % of payments are late 5.00 % late fees assessed $ 1.94 Miscellaneous fees per account per month Servicing costs $ 6.00 Monthly servicing cost per account $ 24.00 Additional monthly servicing cost per loan on loans more than 30 days delinquent 1.50 % of loans more than 30 days delinquent 3.00 % annual increase in servicing costs Fair Value at 12/31/16 Valuation Unobservable Method or Value As of Asset (In Thousands) Technique Input(s) 12/31/16 Servicing rights $ 1,262 Discounted cash flow Discount rate 13.00 % Rate used through modeling period Loan prepayment speeds 138.00 % Weighted-average PSA Servicing fees 0.25 % of loan balances 4.00 % of payments are late 5.00 % late fees assessed $ 1.94 Miscellaneous fees per account per month Servicing costs $ 6.00 Monthly servicing cost per account $ 24.00 Additional monthly servicing cost per loan on loans more than 30 days delinquent 1.50 % of loans more than 30 days delinquent 3.00 % annual increase in servicing costs |
Note 6 - Securities (Tables)
Note 6 - Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | March 31, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (In Thousands) Cost Gains Losses Value Obligations of U.S. Government agencies $ 9,674 $ 3 $ (109 ) $ 9,568 Obligations of states and political subdivisions: Tax-exempt 117,272 2,756 (1,318 ) 118,710 Taxable 28,559 310 (64 ) 28,805 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 49,896 117 (654 ) 49,359 Residential collateralized mortgage obligations 137,077 372 (1,768 ) 135,681 Commercial mortgage-backed securities 34,411 7 (593 ) 33,825 Total debt securities 376,889 3,565 (4,506 ) 375,948 Marketable equity securities 1,000 0 (29 ) 971 Total $ 377,889 $ 3,565 $ (4,535 ) $ 376,919 December 31, 2016 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (In Thousands) Cost Gains Losses Value Obligations of U.S. Government agencies $ 9,671 $ 5 $ (135 ) $ 9,541 Obligations of states and political subdivisions: Tax-exempt 118,140 2,592 (1,695 ) 119,037 Taxable 30,073 303 (79 ) 30,297 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 58,922 306 (824 ) 58,404 Residential collateralized mortgage obligations 147,915 408 (1,715 ) 146,608 Commercial mortgage-backed securities 30,817 0 (598 ) 30,219 Total debt securities 395,538 3,614 (5,046 ) 394,106 Marketable equity securities 1,000 0 (29 ) 971 Total $ 396,538 $ 3,614 $ (5,075 ) $ 395,077 |
Schedule of Unrealized Loss on Investments [Table Text Block] | March 31, 2017 Less Than 12 Months 12 Months or More Total (In Thousands) Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Obligations of U.S. Government agencies $ 7,922 $ (109 ) $ 0 $ 0 $ 7,922 $ (109 ) Obligations of states and political subdivisions: Tax-exempt 36,264 (1,253 ) 2,697 (65 ) 38,961 (1,318 ) Taxable 8,212 (64 ) 0 0 8,212 (64 ) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 37,612 (654 ) 0 0 37,612 (654 ) Residential collateralized mortgage obligations 80,476 (1,159 ) 15,140 (609 ) 95,616 (1,768 ) Commercial mortgage-backed securities 29,840 (593 ) 0 0 29,840 (593 ) Total debt securities 200,326 (3,832 ) 17,837 (674 ) 218,163 (4,506 ) Marketable equity securities 1,000 (29 ) 0 0 1,000 (29 ) Total temporarily impaired available-for-sale securities $ 201,326 $ (3,861 ) $ 17,837 $ (674 ) $ 219,163 $ (4,535 ) December 31, 2016 Less Than 12 Months 12 Months or More Total (In Thousands) Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Obligations of U.S. Government agencies $ 7,899 $ (135 ) $ 0 $ 0 $ 7,899 $ (135 ) Obligations of states and political subdivisions: Tax-exempt 54,479 (1,676 ) 1,278 (19 ) 55,757 (1,695 ) Taxable 9,594 (79 ) 0 0 9,594 (79 ) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 48,674 (824 ) 0 0 48,674 (824 ) Residential collateralized mortgage obligations 85,198 (1,124 ) 16,073 (591 ) 101,271 (1,715 ) Commercial mortgage-backed securities 30,219 (598 ) 0 0 30,219 (598 ) Total debt securities 236,063 (4,436 ) 17,351 (610 ) 253,414 (5,046 ) Marketable equity securities 1,000 (29 ) 0 0 1,000 (29 ) Total temporarily impaired available-for-sale securities $ 237,063 $ (4,465 ) $ 17,351 $ (610 ) $ 254,414 $ (5,075 ) |
Realized Gain (Loss) on Investments [Table Text Block] | (In Thousands) 3 Months Ended Mar ch 31, Mar ch 31, 2017 2016 Gross realized gains from sales $ 161 $ 383 Gross realized losses from sales (16 ) 0 Net realized gains $ 145 $ 383 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Fair (In Thousands) Cost Value Due in one year or less $ 18,630 $ 18,730 Due from one year through five years 72,025 73,398 Due from five years through ten years 40,291 39,963 Due after ten years 24,559 24,992 Sub-total 155,505 157,083 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 49,896 49,359 Residential collateralized mortgage obligations 137,077 135,681 Commercial mortgage-backed securities 34,411 33,825 Total $ 376,889 $ 375,948 |
Note 7 - Loans (Tables)
Note 7 - Loans (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Summary of Loans by Type (In Thousands) Mar ch 31, Dec. 31, 2017 2016 Residential mortgage: Residential mortgage loans - first liens $ 340,431 $ 334,102 Residential mortgage loans - junior liens 23,717 23,706 Home equity lines of credit 36,810 38,057 1-4 Family residential construction 24,041 24,908 Total residential mortgage 424,999 420,773 Commercial: Commercial loans secured by real estate 153,385 150,468 Commercial and industrial 79,493 83,854 Political subdivisions 44,625 38,068 Commercial construction and land 15,252 14,287 Loans secured by farmland 7,497 7,294 Multi-family (5 or more) residential 7,622 7,896 Agricultural loans 3,992 3,998 Other commercial loans 11,131 11,475 Total commercial 322,997 317,340 Consumer 14,025 13,722 Total 762,021 751,835 Less: allowance for loan losses (8,744 ) (8,473 ) Loans, net $ 753,277 $ 743,362 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Three Months Ended March 31, 2017 Dec. 31 , March 31 , (In Thousands) 2016 Balance Charge-offs Recoveries Provision (Credit) 2017 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,033 $ (63 ) $ 2 $ 153 $ 3,125 Residential mortgage loans - junior liens 258 0 1 (3 ) 256 Home equity lines of credit 350 0 0 (12 ) 338 1-4 Family residential construction 249 0 0 (9 ) 240 Total residential mortgage 3,890 (63 ) 3 129 3,959 Commercial: Commercial loans secured by real estate 2,380 (96 ) 0 401 2,685 Commercial and industrial 999 0 1 (94 ) 906 Commercial construction and land 162 0 0 7 169 Loans secured by farmland 110 0 0 1 111 Multi-family (5 or more) residential 241 0 0 (5 ) 236 Agricultural loans 40 0 0 (1 ) 39 Other commercial loans 115 0 0 (6 ) 109 Total commercial 4,047 (96 ) 1 303 4,255 Consumer 138 (41 ) 15 20 132 Unallocated 398 0 0 0 398 Total Allowance for Loan Losses $ 8,473 $ (200 ) $ 19 $ 452 $ 8,744 Three Months Ended March 31, 2016 Dec. 31, March 31 , (In Thousands) 2015 Balance Charge-offs Recoveries Provision (Credit) 2016 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 2,645 $ 0 $ 0 $ 77 $ 2,722 Residential mortgage loans - junior liens 219 0 0 9 228 Home equity lines of credit 347 0 0 4 351 1-4 Family residential construction 207 0 0 (7 ) 200 Total residential mortgage 3,418 0 0 83 3,501 Commercial: Commercial loans secured by real estate 1,939 0 1 87 2,027 Commercial and industrial 981 0 1 (6 ) 976 Commercial construction and land 58 0 0 26 84 Loans secured by farmland 106 0 0 2 108 Multi-family (5 or more) residential 675 (595 ) 0 176 256 Agricultural loans 45 0 0 (1 ) 44 Other commercial loans 118 0 0 (6 ) 112 Total commercial 3,922 (595 ) 2 278 3,607 Consumer 122 (18 ) 15 7 126 Unallocated 427 0 0 0 427 Total Allowance for Loan Losses $ 7,889 $ (613 ) $ 17 $ 368 $ 7,661 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2017 (In Thousands) Special Pass Mention Substandard Doubtful Total Residential Mortgage: Residential mortgage loans - first liens $ 330,808 $ 293 $ 9,274 $ 56 $ 340,431 Residential mortgage loans - junior liens 23,318 142 257 0 23,717 Home equity lines of credit 36,150 63 597 0 36,810 1-4 Family residential construction 23,954 0 87 0 24,041 Total residential mortgage 414,230 498 10,215 56 424,999 Commercial: Commercial loans secured by real estate 142,711 2,721 7,953 0 153,385 Commercial and Industrial 73,006 5,046 1,430 11 79,493 Political subdivisions 44,625 0 0 0 44,625 Commercial construction and land 15,112 60 80 0 15,252 Loans secured by farmland 5,482 601 1,399 15 7,497 Multi-family (5 or more) residential 7,013 0 609 0 7,622 Agricultural loans 3,138 84 770 0 3,992 Other commercial loans 11,057 0 74 0 11,131 Total commercial 302,144 8,512 12,315 26 322,997 Consumer 13,812 7 206 0 14,025 Totals $ 730,186 $ 9,017 $ 22,736 $ 82 $ 762,021 December 31, 2016 (In Thousands) Special Pass Mention Substandard Doubtful Total Residential Mortgage: Residential mortgage loans - first liens $ 324,377 $ 408 $ 9,258 $ 59 $ 334,102 Residential mortgage loans - junior liens 23,274 132 300 0 23,706 Home equity lines of credit 37,360 123 574 0 38,057 1-4 Family residential construction 24,820 0 88 0 24,908 Total residential mortgage 409,831 663 10,220 59 420,773 Commercial: Commercial loans secured by real estate 139,358 3,092 8,018 0 150,468 Commercial and Industrial 79,202 4,180 461 11 83,854 Political subdivisions 38,068 0 0 0 38,068 Commercial construction and land 14,136 70 81 0 14,287 Loans secured by farmland 5,745 129 1,404 16 7,294 Multi-family (5 or more) residential 7,277 0 619 0 7,896 Agricultural loans 3,208 0 790 0 3,998 Other commRercial loans 11,401 0 74 0 11,475 Total commercial 298,395 7,471 11,447 27 317,340 Consumer 13,546 0 176 0 13,722 Totals $ 721,772 $ 8,134 $ 21,843 $ 86 $ 751,835 |
Impaired Financing Receivable by Portfolio Segment [Table Text Block] | March 31, 2017 Loans: Allowance for Loan Losses: (In Thousands) Individually Collectively Individually Collectively Evaluated Evaluated Totals Evaluated Evaluated Totals Residential mortgage: Residential mortgage loans - first liens $ 743 $ 339,688 $ 340,431 $ 0 $ 3,125 $ 3,125 Residential mortgage loans - junior liens 66 23,651 23,717 0 256 256 Home equity lines of credit 0 36,810 36,810 0 338 338 1-4 Family residential construction 0 24,041 24,041 0 240 240 Total residential mortgage 809 424,190 424,999 0 3,959 3,959 Commercial: Commercial loans secured by real estate 5,915 147,470 153,385 753 1,932 2,685 Commercial and industrial 162 79,331 79,493 77 829 906 Political subdivisions 0 44,625 44,625 0 0 0 Commercial construction and land 0 15,252 15,252 0 169 169 Loans secured by farmland 1,387 6,110 7,497 51 60 111 Multi-family (5 or more) residential 392 7,230 7,622 0 236 236 Agricultural loans 12 3,980 3,992 0 39 39 Other commercial loans 0 11,131 11,131 0 109 109 Total commercial 7,868 315,129 322,997 881 3,374 4,255 Consumer 22 14,003 14,025 0 132 132 Unallocated 398 Total $ 8,699 $ 753,322 $ 762,021 $ 881 $ 7,465 $ 8,744 December 31, 2016 Loans: Allowance for Loan Losses: (In Thousands) Individually Collectively Individually Collectively Evaluated Evaluated Totals Evaluated Evaluated Totals Residential mortgage: Residential mortgage loans - first liens $ 753 $ 333,349 $ 334,102 $ 0 $ 3,033 $ 3,033 Residential mortgage loans - junior liens 68 23,638 23,706 0 258 258 Home equity lines of credit 0 38,057 38,057 0 350 350 1-4 Family residential construction 0 24,908 24,908 0 249 249 Total residential mortgage 821 419,952 420,773 0 3,890 3,890 Commercial: Commercial loans secured by real estate 8,005 142,463 150,468 528 1,852 2,380 Commercial and industrial 212 83,642 83,854 95 904 999 Political subdivisions 0 38,068 38,068 0 0 0 Commercial construction and land 0 14,287 14,287 0 162 162 Loans secured by farmland 1,394 5,900 7,294 51 59 110 Multi-family (5 or more) residential 392 7,504 7,896 0 241 241 Agricultural loans 13 3,985 3,998 0 40 40 Other commercial loans 0 11,475 11,475 0 115 115 Total commercial 10,016 307,324 317,340 674 3,373 4,047 Consumer 23 13,699 13,722 0 138 138 Unallocated 398 Total $ 10,860 $ 740,975 $ 751,835 $ 674 $ 7,401 $ 8,473 |
Impaired Financing Receivables [Table Text Block] | (In Thousands) March 31, 2017 December 31, 2016 Unpaid Unpaid Principal Recorded Related Principal Recorded Related Balance Investment Allowance Balance Investment Allowance With no related allowance recorded: Residential mortgage loans - first liens $ 773 $ 743 $ 0 $ 783 $ 753 $ 0 Residential mortgage loans - junior liens 66 66 0 68 68 0 Commercial loans secured by real estate 3,175 3,175 0 6,975 5,232 0 Commercial and industrial 85 85 0 117 117 0 Loans secured by farmland 885 885 0 890 890 0 Multi-family (5 or more) residential 987 392 0 987 392 0 Agricultural loans 12 12 0 13 13 0 Consumer 22 22 0 23 23 0 Total with no related allowance recorded 6,005 5,380 0 9,856 7,488 0 With a related allowance recorded: Commercial loans secured by real estate 2,740 2,740 753 2,773 2,773 528 Commercial and industrial 77 77 77 95 95 95 Loans secured by farmland 502 502 51 504 504 51 Total with a related allowance recorded 3,319 3,319 881 3,372 3,372 674 Total $ 9,324 $ 8,699 $ 881 $ 13,228 $ 10,860 $ 674 |
Schedule Of Additional Information On Impaired Loans [Table Text Block] | Interest Income Recognized on Average Investment in Impaired Loans Impaired Loans on a Cash Basis (In Thousands) 3 Months Ended 3 Months Ended March 31, March 31, 2017 2016 2017 2016 Residential mortgage: Residential mortgage loans - first lien $ 748 $ 861 $ 9 $ 10 Residential mortgage loans - junior lien 67 73 1 1 Total residential mortgage 815 934 10 11 Commercial: Commercial loans secured by real estate 6,889 6,160 56 110 Commercial and industrial 247 568 3 3 Loans secured by farmland 1,390 1,423 8 21 Multi-family (5 or more) residential 392 690 0 0 Agricultural loans 12 15 1 1 Total commercial 8,930 8,856 68 135 Consumer 33 12 0 0 Total $ 9,778 $ 9,802 $ 78 $ 146 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In Thousands) March 31, 2017 December 31, 2016 Past Due Past Due 90+ Days and 90+ Days and Accruing Nonaccrual Accruing Nonaccrual Residential mortgage: Residential mortgage loans - first liens $ 1,979 $ 3,478 $ 3,022 $ 3,770 Residential mortgage loans - junior liens 40 0 114 0 Home equity lines of credit 158 11 320 11 Total residential mortgage 2,177 3,489 3,456 3,781 Commercial: Commercial loans secured by real estate 96 5,713 2,774 3,080 Commercial and industrial 218 160 286 119 Loans secured by farmland 216 1,326 219 1,331 Multi-family (5 or more) residential 0 392 0 392 Agricultural loans 0 12 0 13 Total commercial 530 7,603 3,279 4,935 Consumer 7 139 103 20 Totals $ 2,714 $ 11,231 $ 6,838 $ 8,736 |
Past Due Financing Receivables [Table Text Block] | As of March 31, 2017 As of December 31, 2016 Current & Current & (In Thousands) Past Due Past Due Past Due Past Due Past Due Past Due Less than 30-89 90+ Less than 30-89 90+ 30 Days Days Days Total 30 Days Days Days Total Residential mortgage: Residential mortgage loans - first liens $ 330,781 $ 6,044 $ 3,606 $ 340,431 $ 321,670 $ 6,695 $ 5,737 $ 334,102 Residential mortgage loans - junior liens 23,593 84 40 23,717 23,268 324 114 23,706 Home equity lines of credit 36,427 225 158 36,810 37,603 134 320 38,057 1-4 Family residential construction 23,543 498 0 24,041 24,567 341 0 24,908 Total residential mortgage 414,344 6,851 3,804 424,999 407,108 7,494 6,171 420,773 Commercial: Commercial loans secured by real estate 150,231 240 2,914 153,385 147,464 82 2,922 150,468 Commercial and industrial 79,202 13 278 79,493 83,364 185 305 83,854 Political subdivisions 44,625 0 0 44,625 38,068 0 0 38,068 Commercial construction and land 15,154 98 0 15,252 14,199 88 0 14,287 Loans secured by farmland 6,334 138 1,025 7,497 6,181 83 1,030 7,294 Multi-family (5 or more) residential 7,230 0 392 7,622 7,439 65 392 7,896 Agricultural loans 3,979 1 12 3,992 3,981 4 13 3,998 Other commercial loans 11,131 0 0 11,131 11,475 0 0 11,475 Total commercial 317,886 490 4,621 322,997 312,171 507 4,662 317,340 Consumer 13,857 72 96 14,025 13,446 153 123 13,722 Totals $ 746,087 $ 7,413 $ 8,521 $ 762,021 $ 732,725 $ 8,154 $ 10,956 $ 751,835 |
Contractual Aging of Nonaccrual Loans [Table Text Block] | Current & (In Thousands) Past Due Past Due Past Due Less than 30-89 90+ 30 Days Days Days Total March 31, 2017 Nonaccrual Totals $ 4,487 $ 937 $ 5,807 $ 11,231 December 31, 2016 Nonaccrual Totals $ 4,199 $ 419 $ 4,118 $ 8,736 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Current & (In Thousandas) Past Due Past Due Past Due Less than 30-89 90+ 30 Days Days Days Nonaccrual Total March 31, 2017 Totals $ 701 $ 51 $ 242 $ 2,841 $ 3,835 December 31, 2016 Totals $ 5,453 $ 350 $ 0 $ 2,874 $ 8,677 |
Schedule of Troubled Debt Restructurings With Subsequent Default [Table Text Block] | (Balances in Thousands) March 31, 2017 March 31, 2016 Number Number of Recorded of Recorded Loans Investment Loans Investment Residential mortgage - first liens 2 $ 293 1 $ 31 Residential mortgage - junior liens 1 28 0 0 Commercial and industrial 0 0 1 5 Consumer 1 26 0 0 Total 4 $ 347 2 $ 36 |
Schedule of Real Estate Acquired Through Foreclosure [Table Text Block] | (In Thousands) March 31, Dec. 31, 2017 2016 Foreclosed residential real estate $ 800 $ 1,102 |
Schedule of Mortgage Loans in Process of Foreclosure [Table Text Block] | (In Thousands) March 31, Dec. 31, 2017 2016 Residential real estate in process of foreclosure $ 2,544 $ 2,738 |
Troubled Debt Restructuring [Member] | |
Notes Tables | |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | (Balances in Thousands) March 31, 2017 March 31, 2016 Post- Post- Number Modification Number Modification of Recorded of Recorded Loans Investment Loans Investment Commercial and industrial, Extended maturity 0 $ 0 1 $ 5 Total 0 $ 0 1 $ 5 |
Note 8 - Borrowed Funds (Tables
Note 8 - Borrowed Funds (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Short-term Debt [Table Text Block] | (In Thousands) Mar ch 31, Dec. 31, 2017 2016 FHLB-Pittsburgh borrowings $ 14,500 $ 21,000 Customer repurchase agreements 6,244 5,175 Total short-term borrowings $ 20,744 $ 26,175 |
Schedule of Long-term Debt Instruments [Table Text Block] | (In Thousands) Mar ch 31, Dec. 31, 2017 2016 FHLB-Pittsburgh borrowings $ 11,388 $ 11,454 Repurchase agreement 27,000 27,000 Total long-term borrowings $ 38,388 $ 38,454 |
Schedule of Maturities of Long-term Debt [Table Text Block] | (In Thousands) Mar ch 31, Dec. 31, 2017 2016 Loan maturing in June 2017 with a rate of 6.83% $ 2 $ 4 Loan maturing in September 2017 with a rate of 3.81% 10,000 10,000 Loan maturing in April 2020 with a rate of 4.79% 601 646 Loan maturing in June 2025 with a rate of 4.91% 785 804 Total long-term FHLB-Pittsburgh borrowings $ 11,388 $ 11,454 |
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets [Table Text Block] | (In Thousands) Mar ch 31, Dec. 31, 2017 2016 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities $ 15,268 $ 18,181 Residential collateralized mortgage obligations 19,407 13,313 Total $ 34,675 $ 31,494 |
Note 9 - Employee and Postret29
Note 9 - Employee and Postretirement Benefit Plans (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | Defined Benefit Plans (In Thousands) Pension Postretirement Three Months Ended Three Months Ended March 31, March 31, 2017 2016 2017 2016 Service cost $ 0 $ 0 $ 9 $ 9 Interest cost 6 7 14 16 Expected return on plan assets (8 ) (7 ) 0 0 Amortization of prior service cost 0 0 (8 ) (8 ) Recognized net actuarial loss 2 3 0 0 Net periodic benefit cost $ 0 $ 3 $ 15 $ 17 |
Note 11 - Income Taxes (Tables)
Note 11 - Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | March 31, December 31, (In Thousands) 2017 2016 Deferred tax assets: Unrealized holding losses on securities $ 340 $ 512 Allowance for loan losses 3,094 2,998 Other deferred tax assets 2,309 2,658 Total deferred tax assets 5,743 6,168 Deferred tax liabilities: Defined benefit plans - ASC 835 83 27 Bank premises and equipment 933 913 Core deposit intangibles 6 6 Other deferred tax liabilities 105 105 Total deferred tax liabilities 1,127 1,051 Deferred tax asset, net $ 4,616 $ 5,117 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Three Months Ended (Dollars In thousands) March 31, 2017 2016 Income before income tax provision $ 4,418 $ 4,666 Income tax provision 984 1,093 Effective tax rate 22.27 % 23.42 % |
Note 2 - Per Share Data (Detail
Note 2 - Per Share Data (Details Textual) - shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Weighted Average Number of Shares, Restricted Stock | 65,208 | 67,818 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 47,309 |
Note 2 - Per Share Data - Net I
Note 2 - Per Share Data - Net Income Per Share (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Net income | $ 3,434,000 | $ 3,573,000 | |
Less: Dividends and undistributed earnings allocated to participating securities | (18,000) | (20,000) | |
Net income attributable to common shares | $ 3,416,000 | $ 3,553,000 | |
Basic weighted-average common shares outstanding (in shares) | 12,085,729 | 12,087,290 | |
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) | [1] | $ 0.28 | $ 0.29 |
Net income attributable to common shares | $ 3,416,000 | $ 3,553,000 | |
Dilutive effect of potential common stock arising from stock options (in shares) | 45,681 | 20,770 | |
Diluted weighted-average common shares outstanding (in shares) | 12,131,410 | 12,108,060 | |
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) | [1] | $ 0.28 | $ 0.29 |
[1] | Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares with nonforfeitable dividends (participating securities). The weighted-average number of nonvested restricted shares outstanding was 65,208 shares in the three-month period ended March 31, 2017 and 67,818 shares in the three-month period ended March 31, 2016. |
Note 3 - Comprehensive Income -
Note 3 - Comprehensive Income - Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Unrealized holding gains on available-for-sale securities | $ 636 | $ 4,774 |
Unrealized holding gains on available-for-sale securities, income tax effect | (223) | (1,671) |
Unrealized holding gains on available-for-sale securities, net of tax amount | 413 | 3,103 |
Reclassification adjustment for (gains) realized in income, before tax amount | (145) | (383) |
Reclassification adjustment for (gains) realized in income, income tax effect | 51 | 134 |
Reclassification adjustment for (gains) realized in income, net of tax amount | (94) | (249) |
Other comprehensive income on available-for-sale securities, before tax amount | 491 | 4,391 |
Other comprehensive income (loss) on available-for-sale securities, income tax effect | (172) | (1,537) |
Other comprehensive income on available-for-sale securities, net of tax amount | 319 | 2,854 |
Changes from plan amendments and actuarial gains and losses included in accumulated other comprehensive gain | 166 | 26 |
Changes from plan amendments and actuarial gains and losses included in other comprehensive income, income tax effect | (58) | (9) |
Changes from plan amendments and actuarial gains and losses included in other comprehensive income, net of tax amount | 108 | 17 |
Amortization of net transition obligation, prior service cost and net actuarial gain included in net periodic benefit cost, before tax amount | (6) | (5) |
Amortization of net transition obligation, prior service cost and net actuarial gain included in net periodic benefit cost, income tax effect | 2 | 2 |
Amortization of net transition obligation, prior service cost and net actuarial gain included in net periodic benefit cost, net of tax amount | (4) | (3) |
Other comprehensive (income) loss on unfunded retirement obligations, before tax amount | 160 | 21 |
Other comprehensive income (loss) on unfunded retirement obligations, income tax effect | (56) | (7) |
Other comprehensive income (loss) on unfunded retirement obligations, net of tax amount | 104 | 14 |
Total other comprehensive income (loss), before tax amount | 651 | 4,412 |
Total other comprehensive income (loss), income tax effect | (228) | (1,544) |
Total other comprehensive income | $ 423 | $ 2,868 |
Note 3 - Comprehensive Income34
Note 3 - Comprehensive Income - Changes in the Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Balance, beginning of period | $ (898) | |
Balance, end of period | (475) | |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||
Balance, beginning of period | (949) | $ 2,493 |
Change during the period | 319 | 2,854 |
Balance, end of period | (630) | 5,347 |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||
Balance, beginning of period | 51 | 35 |
Change during the period | 104 | 14 |
Balance, end of period | 155 | 49 |
AOCI Attributable to Parent [Member] | ||
Balance, beginning of period | (898) | 2,528 |
Change during the period | 423 | 2,868 |
Balance, end of period | $ (475) | $ 5,396 |
Note 3 - Comprehensive Income35
Note 3 - Comprehensive Income - Amounts Reclassified Out of Each Component of OCI (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Unrealized gains and losses on available-for-sale securities | $ (145) | $ (383) |
Income tax provision | 984 | 1,093 |
Net income | (3,434) | (3,573) |
Total before tax | (4,418) | (4,666) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||
Net income | (98) | (252) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||
Unrealized gains and losses on available-for-sale securities | (145) | (383) |
Income tax provision | 51 | 134 |
Net income | (94) | (249) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||
Income tax provision | 2 | 2 |
Net income | (4) | (3) |
Prior service cost | (8) | (8) |
Actuarial loss | 2 | 3 |
Total before tax | $ (6) | $ (5) |
Note 4 - Cash and Due From Ba36
Note 4 - Cash and Due From Banks (Details Textual) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Restricted Cash and Cash Equivalents, Current | $ 15,491,000 | $ 16,654,000 |
Note 4 - Cash and Due From Ba37
Note 4 - Cash and Due From Banks - Summary of Cash and Due From Banks (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Cash and cash equivalents | $ 29,055 | $ 28,621 |
Certificates of deposit | 3,488 | 3,488 |
Total cash and due from banks | $ 32,543 | $ 32,109 |
Note 5 - Fair Value Measureme38
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments - Assets Measured at Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-sale securities | $ 376,919 | $ 395,077 |
Impaired loans with a valuation allowance | 3,319 | 3,372 |
Valuation allowance | (881) | (674) |
Impaired loans | 3,319 | 3,372 |
US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 9,568 | 9,541 |
Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities | 118,710 | 119,037 |
Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities | 28,805 | 30,297 |
Residential Pass-Through Securities [Member] | ||
Available-for-sale securities | 49,359 | 58,404 |
Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 135,681 | 146,608 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities | 33,825 | 30,219 |
Debt Securities [Member] | ||
Available-for-sale securities | 375,948 | 394,106 |
Equity Securities [Member] | ||
Available-for-sale securities | 971 | 971 |
Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 376,919 | 395,077 |
Servicing rights | 1,278 | 1,262 |
Total asset fair value measurements | 378,197 | 396,339 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 9,568 | 9,541 |
Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities | 118,710 | 119,037 |
Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities | 28,805 | 30,297 |
Fair Value, Measurements, Recurring [Member] | Residential Pass-Through Securities [Member] | ||
Available-for-sale securities | 49,359 | 58,404 |
Fair Value, Measurements, Recurring [Member] | Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 135,681 | 146,608 |
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities | 33,825 | 30,219 |
Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Available-for-sale securities | 375,948 | 394,106 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Available-for-sale securities | 971 | 971 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Total asset fair value measurements | 4,316 | 4,878 |
Impaired loans with a valuation allowance | 3,319 | 3,372 |
Valuation allowance | (881) | (674) |
Impaired loans | 2,438 | 2,698 |
Foreclosed assets held for sale | 1,878 | 2,180 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 971 | 971 |
Servicing rights | 0 | 0 |
Total asset fair value measurements | 971 | 971 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Pass-Through Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Available-for-sale securities | 971 | 971 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Total asset fair value measurements | 0 | 0 |
Impaired loans with a valuation allowance | 0 | 0 |
Valuation allowance | 0 | 0 |
Impaired loans | 0 | 0 |
Foreclosed assets held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 375,948 | 394,106 |
Servicing rights | 0 | 0 |
Total asset fair value measurements | 375,948 | 394,106 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 9,568 | 9,541 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities | 118,710 | 119,037 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities | 28,805 | 30,297 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Pass-Through Securities [Member] | ||
Available-for-sale securities | 49,359 | 58,404 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 135,681 | 146,608 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities | 33,825 | 30,219 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Available-for-sale securities | 375,948 | 394,106 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Total asset fair value measurements | 0 | 0 |
Impaired loans with a valuation allowance | 0 | 0 |
Valuation allowance | 0 | 0 |
Impaired loans | 0 | 0 |
Foreclosed assets held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities | 0 | 0 |
Servicing rights | 1,278 | 1,262 |
Total asset fair value measurements | 1,278 | 1,262 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Pass-Through Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Total asset fair value measurements | 4,316 | 4,878 |
Impaired loans with a valuation allowance | 3,319 | 3,372 |
Valuation allowance | (881) | (674) |
Impaired loans | 2,438 | 2,698 |
Foreclosed assets held for sale | $ 1,878 | $ 2,180 |
Note 5 - Fair Value Measureme39
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments - Valuation Techniques and the Unobservable Inputs Used in Determining Fair Value - Recurring Basis (Details) - Servicing Rights Assets [Member] - Income Approach Valuation Technique [Member] - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Fair value | $ 1,278,000 | $ 1,262,000 |
Discount rate | 13.00% | 13.00% |
Weighted-average PSA | 132.00% | 138.00% |
Servicing fees of loan balances | 0.25% | 0.25% |
Servicing fees of payments are late | 4.00% | 4.00% |
Late fees assessed | 5.00% | 5.00% |
Miscellaneous fees per account per month | $ 1.94 | $ 1.94 |
Monthly servicing cost per account | 6 | 6 |
Additional monthly servicing cost per loan on loans more than 30 days delinquent | $ 24 | $ 24 |
Servicing costs of loans more than 30 days delinquent | 1.50% | 1.50% |
Annual increase in servicing costs | 3.00% | 3.00% |
Note 5 - Fair Value Measureme40
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments - Reconciliation of Activity for Level 3 Assets Measured at Fair Value on a Recurring Basis (Details) - Servicing Rights Assets [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Servicing rights balance, beginning of period | $ 1,262 | $ 1,296 |
Capitalization of servicing rights | 46 | 36 |
Unrealized (losses) included in earnings | (30) | (71) |
Servicing rights balance, end of period | $ 1,278 | $ 1,261 |
Note 5 - Fair Value Measureme41
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments - Valuation Techniques and the Unobservable Inputs Used in Determining Fair Value - Nonrecurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Impaired loans | $ 3,319 | $ 3,372 |
Valuation allowance | 881 | 674 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Impaired loans | 2,740 | 2,773 |
Valuation allowance | 753 | 528 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Impaired loans | 77 | 95 |
Valuation allowance | 77 | 95 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Impaired loans | 502 | 504 |
Valuation allowance | 51 | 51 |
Residential Portfolio Segment [Member] | ||
Foreclosed assets held for sale | 800 | 1,102 |
Impaired Loans [Member] | ||
Impaired loans | 3,319 | 3,372 |
Valuation allowance | 881 | 674 |
Fair value | 2,438 | 2,698 |
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Market Approach Valuation Technique [Member] | ||
Impaired loans | 2,740 | 2,773 |
Valuation allowance | 753 | 528 |
Fair value | $ 1,987 | $ 2,245 |
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member] | ||
Discount rate | 16.00% | 7.00% |
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Market Approach Valuation Technique [Member] | ||
Impaired loans | $ 77 | $ 95 |
Valuation allowance | 77 | 95 |
Fair value | $ 0 | $ 0 |
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member] | ||
Discount rate | 100.00% | 100.00% |
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Market Approach Valuation Technique [Member] | ||
Impaired loans | $ 502 | $ 504 |
Valuation allowance | 51 | 51 |
Fair value | $ 451 | $ 453 |
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member] | ||
Discount rate | 55.00% | 55.00% |
Foreclosed Assets Held For Sale [Member] | ||
Fair value | $ 1,878 | $ 2,180 |
Foreclosed assets held for sale | 1,878 | 2,180 |
Valuation allowance | 0 | 0 |
Foreclosed Assets Held For Sale [Member] | Land Receivable [Member] | Market Approach Valuation Technique [Member] | ||
Fair value | 650 | 650 |
Foreclosed assets held for sale | 650 | 650 |
Valuation allowance | $ 0 | $ 0 |
Foreclosed Assets Held For Sale [Member] | Land Receivable [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member] | ||
Discount rate | 33.00% | 33.00% |
Foreclosed Assets Held For Sale [Member] | Commercial Real Estate Receivables [Member] | Market Approach Valuation Technique [Member] | ||
Fair value | $ 428 | $ 428 |
Foreclosed assets held for sale | 428 | 428 |
Valuation allowance | $ 0 | $ 0 |
Foreclosed Assets Held For Sale [Member] | Commercial Real Estate Receivables [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member] | ||
Discount rate | 50.00% | 50.00% |
Foreclosed Assets Held For Sale [Member] | Residential Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | ||
Fair value | $ 800 | $ 1,102 |
Foreclosed assets held for sale | 800 | 1,102 |
Valuation allowance | $ 0 | $ 0 |
Foreclosed Assets Held For Sale [Member] | Residential Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member] | ||
Discount rate | 44.00% | 35.00% |
Note 5 - Fair Value Measureme42
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments - Estimated Fair Values, and Related Carrying Amounts, of the Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Cash and cash equivalents | $ 29,055 | $ 28,621 | $ 38,425 | $ 33,313 |
Certificates of deposit | 3,488 | 3,488 | ||
Available-for-sale securities | 376,919 | 395,077 | ||
Loans held for sale | 163 | 142 | ||
Loans, net | 753,277 | 743,362 | ||
Accrued interest receivable | 3,804 | 3,963 | ||
Short-term Debt | 20,744 | 26,175 | ||
Long-term borrowings | 38,388 | 38,454 | ||
Reported Value Measurement [Member] | ||||
Available-for-sale securities | 376,919 | 395,077 | ||
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Cash and cash equivalents | 29,055 | 28,621 | ||
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Certificates of deposit | 3,488 | 3,488 | ||
Restricted equity securities (included in Other Assets) | 4,065 | 4,426 | ||
Loans held for sale | 163 | 142 | ||
Accrued interest receivable | 3,804 | 3,963 | ||
Deposits with no stated maturity | 764,048 | 771,625 | ||
Time deposits | 216,203 | 212,218 | ||
Short-term Debt | 20,744 | 26,175 | ||
Long-term borrowings | 38,388 | 38,454 | ||
Accrued interest payable | 67 | 65 | ||
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Loans, net | 753,277 | 743,362 | ||
Servicing rights | 1,278 | 1,262 | ||
Estimate of Fair Value Measurement [Member] | ||||
Available-for-sale securities | 376,919 | 395,077 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Cash and cash equivalents | 29,055 | 28,621 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Certificates of deposit | 3,483 | 3,481 | ||
Restricted equity securities (included in Other Assets) | 4,065 | 4,426 | ||
Loans held for sale | 163 | 142 | ||
Accrued interest receivable | 3,804 | 3,963 | ||
Deposits with no stated maturity | 764,048 | 771,625 | ||
Time deposits | 216,378 | 212,274 | ||
Short-term borrowings | 20,612 | 26,024 | ||
Long-term borrowings | 38,960 | 39,062 | ||
Accrued interest payable | 67 | 65 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Loans, net | 736,876 | 725,787 | ||
Servicing rights | $ 1,278 | $ 1,262 |
Note 6 - Securities (Details Te
Note 6 - Securities (Details Textual) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Available-for-sale Securities Pledged as Collateral | $ 220,272,000 | $ 230,803,000 | |
Available-for-sale Securities, Gross Realized Gains | 161,000 | $ 383,000 | |
Other Assets [Member] | Federal Home Loan Bank of Pittsburgh [Member] | |||
Federal Home Loan Bank Stock | $ 3,935,000 | $ 4,296,000 | |
Mutual Fund [Member] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 | |
Available-for-sale Equity Securities, Gross Unrealized Loss | $ 29,000 | $ 29,000 | |
Bank Stocks [Member] | |||
Available-for-sale Securities, Gross Realized Gains | 0 | $ 249,000 | |
FHLB Stock [Member] | Federal Home Loan Bank of Pittsburgh [Member] | |||
Other than Temporary Impairment Losses, Investments | $ 0 | $ 0 |
Note 6 - Securities - Available
Note 6 - Securities - Available-for-sale Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-sale securities, amortized cost | $ 377,889 | $ 396,538 |
Available-for-sale securities, gross unrealized holding gains | 3,565 | 3,614 |
Available-for-sale securities, gross unrealized holding losses | (4,535) | (5,075) |
Available-for-sale securities | 376,919 | 395,077 |
US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 9,674 | 9,671 |
Available-for-sale securities, gross unrealized holding gains | 3 | 5 |
Available-for-sale securities, gross unrealized holding losses | (109) | (135) |
Available-for-sale securities | 9,568 | 9,541 |
Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities, amortized cost | 117,272 | 118,140 |
Available-for-sale securities, gross unrealized holding gains | 2,756 | 2,592 |
Available-for-sale securities, gross unrealized holding losses | (1,318) | (1,695) |
Available-for-sale securities | 118,710 | 119,037 |
Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities, amortized cost | 28,559 | 30,073 |
Available-for-sale securities, gross unrealized holding gains | 310 | 303 |
Available-for-sale securities, gross unrealized holding losses | (64) | (79) |
Available-for-sale securities | 28,805 | 30,297 |
Residential Pass-Through Securities [Member] | ||
Available-for-sale securities, amortized cost | 49,896 | 58,922 |
Available-for-sale securities, gross unrealized holding gains | 117 | 306 |
Available-for-sale securities, gross unrealized holding losses | (654) | (824) |
Available-for-sale securities | 49,359 | 58,404 |
Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities, amortized cost | 137,077 | 147,915 |
Available-for-sale securities, gross unrealized holding gains | 372 | 408 |
Available-for-sale securities, gross unrealized holding losses | (1,768) | (1,715) |
Available-for-sale securities | 135,681 | 146,608 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 34,411 | 30,817 |
Available-for-sale securities, gross unrealized holding gains | 7 | 0 |
Available-for-sale securities, gross unrealized holding losses | (593) | (598) |
Available-for-sale securities | 33,825 | 30,219 |
Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 376,889 | 395,538 |
Available-for-sale securities, gross unrealized holding gains | 3,565 | 3,614 |
Available-for-sale securities, gross unrealized holding losses | (4,506) | (5,046) |
Available-for-sale securities | 375,948 | 394,106 |
Equity Securities [Member] | ||
Available-for-sale securities, amortized cost | 1,000 | 1,000 |
Available-for-sale securities, gross unrealized holding gains | 0 | 0 |
Available-for-sale securities, gross unrealized holding losses | (29) | (29) |
Available-for-sale securities | $ 971 | $ 971 |
Note 6 - Securities - Availab45
Note 6 - Securities - Available-for-sale Securities With Unrealized Loss Positions (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | $ 201,326 | $ 237,063 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (3,861) | (4,465) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 17,837 | 17,351 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (674) | (610) |
Available-for-sale securities with unrealized loss positions, fair value | 219,163 | 254,414 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (4,535) | (5,075) |
US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 7,922 | 7,899 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (109) | (135) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 0 | 0 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | 0 | 0 |
Available-for-sale securities with unrealized loss positions, fair value | 7,922 | 7,899 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (109) | (135) |
Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 36,264 | 54,479 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (1,253) | (1,676) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 2,697 | 1,278 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (65) | (19) |
Available-for-sale securities with unrealized loss positions, fair value | 38,961 | 55,757 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (1,318) | (1,695) |
Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 8,212 | 9,594 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (64) | (79) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 0 | 0 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | 0 | 0 |
Available-for-sale securities with unrealized loss positions, fair value | 8,212 | 9,594 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (64) | (79) |
Residential Pass-Through Securities [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 37,612 | 48,674 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (654) | (824) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 0 | 0 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | 0 | 0 |
Available-for-sale securities with unrealized loss positions, fair value | 37,612 | 48,674 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (654) | (824) |
Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 80,476 | 85,198 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (1,159) | (1,124) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 15,140 | 16,073 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (609) | (591) |
Available-for-sale securities with unrealized loss positions, fair value | 95,616 | 101,271 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (1,768) | (1,715) |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 29,840 | 30,219 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (593) | (598) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 0 | 0 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | 0 | 0 |
Available-for-sale securities with unrealized loss positions, fair value | 29,840 | 30,219 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (593) | (598) |
Debt Securities [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 200,326 | 236,063 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (3,832) | (4,436) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 17,837 | 17,351 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (674) | (610) |
Available-for-sale securities with unrealized loss positions, fair value | 218,163 | 253,414 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (4,506) | (5,046) |
Equity Securities [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 1,000 | 1,000 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | (29) | (29) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 0 | 0 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | 0 | 0 |
Available-for-sale securities with unrealized loss positions, fair value | 1,000 | 1,000 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | $ (29) | $ (29) |
Note 6 - Securities - Gross Rea
Note 6 - Securities - Gross Realized Gains and Losses From Available-for-sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Gross realized gains from sales | $ 161 | $ 383 |
Gross realized losses from sales | (16) | 0 |
Net realized gains | $ 145 | $ 383 |
Note 6 - Securities - Availab47
Note 6 - Securities - Available-for-sale Debt Securities by Contractual Maturity (Details) $ in Thousands | Mar. 31, 2017USD ($) |
Due in one year or less, amortized cost | $ 18,630 |
Due in one year or less, fair value | 18,730 |
Due from one year through five years. amortized cost | 72,025 |
Due from one year through five years, fair value | 73,398 |
Due from five years through ten years, amortized cost | 40,291 |
Due from five years through ten years, fair value | 39,963 |
Due after ten years, amortized cost | 24,559 |
Due after ten years, fair value | 24,992 |
Sub-total, amortized cost | 155,505 |
Sub-total, fair value | 157,083 |
Total, amortized cost | 376,889 |
Total, fair value | 375,948 |
Residential Pass-Through Securities [Member] | |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost | 49,896 |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value | 49,359 |
Residential Collateralized Mortgage Obligations [Member] | |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost | 137,077 |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value | 135,681 |
Commercial Mortgage-backed Securities [Member] | |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost | 34,411 |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value | $ 33,825 |
Note 7 - Loans (Details Textual
Note 7 - Loans (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | |
Financing Receivable, Allowance for Credit Losses | $ 8,744,000 | $ 8,473,000 | $ 7,661,000 | $ 7,889,000 |
Loans and Leases Receivable, Impaired, Commitment to Lend | 0 | 0 | ||
Unfunded Loan Commitment [Member] | ||||
Financing Receivable, Allowance for Credit Losses | $ 0 | $ 0 | ||
Loans Receivable 1 [Member] | Credit Availability Concentration Risk [Member] | ||||
Concentration Risk, Percentage | 0.00% | 0.00% | ||
Minimum [Member] | ||||
Financing Receivable Individually Evaluated for Impairment Threshold With Extension of Credit | $ 200,000 | |||
Financing Receivable Individually Evaluated for Impairment Estimated Loss Trigger | 100,000 | |||
Maximum [Member] | ||||
Financing Receivable Individually Evaluated for Impairment Threshold With Estimated Loss | $ 200,000 | |||
Commercial Loan [Member] | ||||
Loans Receivable Secured by Real Estate Percentage | 57.00% |
Note 7 - Loans - Loans Receivab
Note 7 - Loans - Loans Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans receivable | $ 762,021 | $ 751,835 |
Less: allowance for loan losses | (8,744) | (8,473) |
Loans, net | 753,277 | 743,362 |
Residential Portfolio Segment [Member] | ||
Loans receivable | 424,999 | 420,773 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 340,431 | 334,102 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 23,717 | 23,706 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 36,810 | 38,057 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 24,041 | 24,908 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 322,997 | 317,340 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 153,385 | 150,468 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 15,252 | 14,287 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 79,493 | 83,854 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans receivable | 44,625 | 38,068 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans receivable | 7,497 | 7,294 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 7,622 | 7,896 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 3,992 | 3,998 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 11,131 | 11,475 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | $ 14,025 | $ 13,722 |
Note 7 - Loans - Allowance for
Note 7 - Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Allowance for loan losses | $ 8,473 | $ 7,889 |
Allowance for loan losses, charge-offs | (200) | (613) |
Allowance for loan losses, recoveries | 19 | 17 |
Allowance for loan losses, provision | 452 | 368 |
Allowance for loan losses | 8,744 | 7,661 |
Residential Portfolio Segment [Member] | ||
Allowance for loan losses | 3,890 | 3,418 |
Allowance for loan losses, charge-offs | (63) | 0 |
Allowance for loan losses, recoveries | 3 | 0 |
Allowance for loan losses, provision | 129 | 83 |
Allowance for loan losses | 3,959 | 3,501 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Allowance for loan losses | 3,033 | 2,645 |
Allowance for loan losses, charge-offs | (63) | 0 |
Allowance for loan losses, recoveries | 2 | 0 |
Allowance for loan losses, provision | 153 | 77 |
Allowance for loan losses | 3,125 | 2,722 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Allowance for loan losses | 258 | 219 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 1 | 0 |
Allowance for loan losses, provision | (3) | 9 |
Allowance for loan losses | 256 | 228 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Allowance for loan losses | 350 | 347 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | (12) | 4 |
Allowance for loan losses | 338 | 351 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Allowance for loan losses | 249 | 207 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | (9) | (7) |
Allowance for loan losses | 240 | 200 |
Commercial Portfolio Segment [Member] | ||
Allowance for loan losses | 4,047 | 3,922 |
Allowance for loan losses, charge-offs | (96) | (595) |
Allowance for loan losses, recoveries | 1 | 2 |
Allowance for loan losses, provision | 303 | 278 |
Allowance for loan losses | 4,255 | 3,607 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Allowance for loan losses | 2,380 | 1,939 |
Allowance for loan losses, charge-offs | (96) | 0 |
Allowance for loan losses, recoveries | 0 | 1 |
Allowance for loan losses, provision | 401 | 87 |
Allowance for loan losses | 2,685 | 2,027 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Allowance for loan losses | 162 | 58 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | 7 | 26 |
Allowance for loan losses | 169 | 84 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Allowance for loan losses | 999 | 981 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 1 | 1 |
Allowance for loan losses, provision | (94) | (6) |
Allowance for loan losses | 906 | 976 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Allowance for loan losses | 110 | 106 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | 1 | 2 |
Allowance for loan losses | 111 | 108 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Allowance for loan losses | 241 | 675 |
Allowance for loan losses, charge-offs | 0 | (595) |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | (5) | 176 |
Allowance for loan losses | 236 | 256 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Allowance for loan losses | 40 | 45 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | (1) | (1) |
Allowance for loan losses | 39 | 44 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Allowance for loan losses | 115 | 118 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | (6) | (6) |
Allowance for loan losses | 109 | 112 |
Consumer Portfolio Segment [Member] | ||
Allowance for loan losses | 138 | 122 |
Allowance for loan losses, charge-offs | (41) | (18) |
Allowance for loan losses, recoveries | 15 | 15 |
Allowance for loan losses, provision | 20 | 7 |
Allowance for loan losses | 132 | 126 |
Unallocated Financing Receivables [Member] | ||
Allowance for loan losses | 398 | 427 |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | 0 | 0 |
Allowance for loan losses | $ 398 | $ 427 |
Note 7 - Loans - Outstanding Lo
Note 7 - Loans - Outstanding Loans by Risk Rating (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans receivable | $ 762,021 | $ 751,835 |
Residential Portfolio Segment [Member] | ||
Loans receivable | 424,999 | 420,773 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 340,431 | 334,102 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 23,717 | 23,706 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 36,810 | 38,057 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 24,041 | 24,908 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 322,997 | 317,340 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 153,385 | 150,468 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 15,252 | 14,287 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 79,493 | 83,854 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans receivable | 44,625 | 38,068 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans receivable | 7,497 | 7,294 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 7,622 | 7,896 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 3,992 | 3,998 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 11,131 | 11,475 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 14,025 | 13,722 |
Pass [Member] | ||
Loans receivable | 730,186 | 721,772 |
Pass [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 414,230 | 409,831 |
Pass [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 330,808 | 324,377 |
Pass [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 23,318 | 23,274 |
Pass [Member] | Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 36,150 | 37,360 |
Pass [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 23,954 | 24,820 |
Pass [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 302,144 | 298,395 |
Pass [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 142,711 | 139,358 |
Pass [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 15,112 | 14,136 |
Pass [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 73,006 | 79,202 |
Pass [Member] | Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans receivable | 44,625 | 38,068 |
Pass [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans receivable | 5,482 | 5,745 |
Pass [Member] | Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 7,013 | 7,277 |
Pass [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 3,138 | 3,208 |
Pass [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 11,057 | 11,401 |
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable | 13,812 | 13,546 |
Special Mention [Member] | ||
Loans receivable | 9,017 | 8,134 |
Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 498 | 663 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 293 | 408 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 142 | 132 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 63 | 123 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 0 | 0 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 8,512 | 7,471 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 2,721 | 3,092 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 60 | 70 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 5,046 | 4,180 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans receivable | 0 | 0 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans receivable | 601 | 129 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 0 | 0 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 84 | 0 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 0 | 0 |
Special Mention [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable | 7 | 0 |
Substandard [Member] | ||
Loans receivable | 22,736 | 21,843 |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 10,215 | 10,220 |
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 9,274 | 9,258 |
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 257 | 300 |
Substandard [Member] | Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 597 | 574 |
Substandard [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 87 | 88 |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 12,315 | 11,447 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 7,953 | 8,018 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 80 | 81 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 1,430 | 461 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans receivable | 0 | 0 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans receivable | 1,399 | 1,404 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 609 | 619 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 770 | 790 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 74 | 74 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable | 206 | 176 |
Doubtful [Member] | ||
Loans receivable | 82 | 86 |
Doubtful [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 56 | 59 |
Doubtful [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 56 | 59 |
Doubtful [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 26 | 27 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 11 | 11 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans receivable | 15 | 16 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 0 | 0 |
Doubtful [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable | $ 0 | $ 0 |
Note 7 - Loans - Loan Balances
Note 7 - Loans - Loan Balances and Allowance for Loan Losses for Each Impairment Method (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Loans receivable: individually evaluated | $ 8,699 | $ 10,860 | ||
Loans receivable: collectively evaluated | 753,322 | 740,975 | ||
Loans receivable | 762,021 | 751,835 | ||
Allowance for loan losses: individually evaluated | 881 | 674 | ||
Allowance for loan losses: collectively evaluated | 7,465 | 7,401 | ||
Allowance for loan losses | 8,744 | 8,473 | $ 7,661 | $ 7,889 |
Residential Portfolio Segment [Member] | ||||
Loans receivable: individually evaluated | 809 | 821 | ||
Loans receivable: collectively evaluated | 424,190 | 419,952 | ||
Loans receivable | 424,999 | 420,773 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 3,959 | 3,890 | ||
Allowance for loan losses | 3,959 | 3,890 | 3,501 | 3,418 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||||
Loans receivable: individually evaluated | 743 | 753 | ||
Loans receivable: collectively evaluated | 339,688 | 333,349 | ||
Loans receivable | 340,431 | 334,102 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 3,125 | 3,033 | ||
Allowance for loan losses | 3,125 | 3,033 | 2,722 | 2,645 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||||
Loans receivable: individually evaluated | 66 | 68 | ||
Loans receivable: collectively evaluated | 23,651 | 23,638 | ||
Loans receivable | 23,717 | 23,706 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 256 | 258 | ||
Allowance for loan losses | 256 | 258 | 228 | 219 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||||
Loans receivable: individually evaluated | 0 | 0 | ||
Loans receivable: collectively evaluated | 36,810 | 38,057 | ||
Loans receivable | 36,810 | 38,057 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 338 | 350 | ||
Allowance for loan losses | 338 | 350 | 351 | 347 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans receivable: individually evaluated | 0 | 0 | ||
Loans receivable: collectively evaluated | 24,041 | 24,908 | ||
Loans receivable | 24,041 | 24,908 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 240 | 249 | ||
Allowance for loan losses | 240 | 249 | 200 | 207 |
Commercial Portfolio Segment [Member] | ||||
Loans receivable: individually evaluated | 7,868 | 10,016 | ||
Loans receivable: collectively evaluated | 315,129 | 307,324 | ||
Loans receivable | 322,997 | 317,340 | ||
Allowance for loan losses: individually evaluated | 881 | 674 | ||
Allowance for loan losses: collectively evaluated | 3,374 | 3,373 | ||
Allowance for loan losses | 4,255 | 4,047 | 3,607 | 3,922 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Loans receivable: individually evaluated | 5,915 | 8,005 | ||
Loans receivable: collectively evaluated | 147,470 | 142,463 | ||
Loans receivable | 153,385 | 150,468 | ||
Allowance for loan losses: individually evaluated | 753 | 528 | ||
Allowance for loan losses: collectively evaluated | 1,932 | 1,852 | ||
Allowance for loan losses | 2,685 | 2,380 | 2,027 | 1,939 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans receivable: individually evaluated | 0 | 0 | ||
Loans receivable: collectively evaluated | 15,252 | 14,287 | ||
Loans receivable | 15,252 | 14,287 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 169 | 162 | ||
Allowance for loan losses | 169 | 162 | 84 | 58 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||
Loans receivable: individually evaluated | 162 | 212 | ||
Loans receivable: collectively evaluated | 79,331 | 83,642 | ||
Loans receivable | 79,493 | 83,854 | ||
Allowance for loan losses: individually evaluated | 77 | 95 | ||
Allowance for loan losses: collectively evaluated | 829 | 904 | ||
Allowance for loan losses | 906 | 999 | 976 | 981 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||||
Loans receivable: individually evaluated | 0 | 0 | ||
Loans receivable: collectively evaluated | 44,625 | 38,068 | ||
Loans receivable | 44,625 | 38,068 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 0 | 0 | ||
Allowance for loan losses | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||||
Loans receivable: individually evaluated | 1,387 | 1,394 | ||
Loans receivable: collectively evaluated | 6,110 | 5,900 | ||
Loans receivable | 7,497 | 7,294 | ||
Allowance for loan losses: individually evaluated | 51 | 51 | ||
Allowance for loan losses: collectively evaluated | 60 | 59 | ||
Allowance for loan losses | 111 | 110 | 108 | 106 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||||
Loans receivable: individually evaluated | 392 | 392 | ||
Loans receivable: collectively evaluated | 7,230 | 7,504 | ||
Loans receivable | 7,622 | 7,896 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 236 | 241 | ||
Allowance for loan losses | 236 | 241 | 256 | 675 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||
Loans receivable: individually evaluated | 12 | 13 | ||
Loans receivable: collectively evaluated | 3,980 | 3,985 | ||
Loans receivable | 3,992 | 3,998 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 39 | 40 | ||
Allowance for loan losses | 39 | 40 | 44 | 45 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||||
Loans receivable: individually evaluated | 0 | 0 | ||
Loans receivable: collectively evaluated | 11,131 | 11,475 | ||
Loans receivable | 11,131 | 11,475 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 109 | 115 | ||
Allowance for loan losses | 109 | 115 | 112 | 118 |
Consumer Portfolio Segment [Member] | ||||
Loans receivable: individually evaluated | 22 | 23 | ||
Loans receivable: collectively evaluated | 14,003 | 13,699 | ||
Loans receivable | 14,025 | 13,722 | ||
Allowance for loan losses: individually evaluated | 0 | 0 | ||
Allowance for loan losses: collectively evaluated | 132 | 138 | ||
Allowance for loan losses | 132 | 138 | 126 | 122 |
Unallocated Financing Receivables [Member] | ||||
Allowance for loan losses | $ 398 | $ 398 | $ 427 | $ 427 |
Note 7 - Loans - Impaired Loans
Note 7 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Unpaid principal - with no allowance | $ 6,005 | $ 9,856 |
Recorded investment - with no allowance | 5,380 | 7,488 |
Unpaid principal - with allowance | 3,319 | 3,372 |
Recorded investment - with allowance | 3,319 | 3,372 |
Related allowance - with allowance | 881 | 674 |
Total | 9,324 | 13,228 |
Total | 8,699 | 10,860 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Unpaid principal - with no allowance | 773 | 783 |
Recorded investment - with no allowance | 743 | 753 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Unpaid principal - with no allowance | 66 | 68 |
Recorded investment - with no allowance | 66 | 68 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Unpaid principal - with no allowance | 3,175 | 6,975 |
Recorded investment - with no allowance | 3,175 | 5,232 |
Unpaid principal - with allowance | 2,740 | 2,773 |
Recorded investment - with allowance | 2,740 | 2,773 |
Related allowance - with allowance | 753 | 528 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Unpaid principal - with no allowance | 85 | 117 |
Recorded investment - with no allowance | 85 | 117 |
Unpaid principal - with allowance | 77 | 95 |
Recorded investment - with allowance | 77 | 95 |
Related allowance - with allowance | 77 | 95 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Unpaid principal - with no allowance | 885 | 890 |
Recorded investment - with no allowance | 885 | 890 |
Unpaid principal - with allowance | 502 | 504 |
Recorded investment - with allowance | 502 | 504 |
Related allowance - with allowance | 51 | 51 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Unpaid principal - with no allowance | 987 | 987 |
Recorded investment - with no allowance | 392 | 392 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Unpaid principal - with no allowance | 12 | 13 |
Recorded investment - with no allowance | 12 | 13 |
Consumer Portfolio Segment [Member] | ||
Unpaid principal - with no allowance | 22 | 23 |
Recorded investment - with no allowance | $ 22 | $ 23 |
Note 7 - Loans - Average Balanc
Note 7 - Loans - Average Balance of Impaired Loans and Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Average investment in impaired loans | $ 9,778 | $ 9,802 |
Interest income recognized on impaired loans on a cash basis | 78 | 146 |
Residential Portfolio Segment [Member] | ||
Average investment in impaired loans | 815 | 934 |
Interest income recognized on impaired loans on a cash basis | 10 | 11 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Average investment in impaired loans | 748 | 861 |
Interest income recognized on impaired loans on a cash basis | 9 | 10 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Average investment in impaired loans | 67 | 73 |
Interest income recognized on impaired loans on a cash basis | 1 | 1 |
Commercial Portfolio Segment [Member] | ||
Average investment in impaired loans | 8,930 | 8,856 |
Interest income recognized on impaired loans on a cash basis | 68 | 135 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Average investment in impaired loans | 6,889 | 6,160 |
Interest income recognized on impaired loans on a cash basis | 56 | 110 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Average investment in impaired loans | 247 | 568 |
Interest income recognized on impaired loans on a cash basis | 3 | 3 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Average investment in impaired loans | 1,390 | 1,423 |
Interest income recognized on impaired loans on a cash basis | 8 | 21 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Average investment in impaired loans | 392 | 690 |
Interest income recognized on impaired loans on a cash basis | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Average investment in impaired loans | 12 | 15 |
Interest income recognized on impaired loans on a cash basis | 1 | 1 |
Consumer Portfolio Segment [Member] | ||
Average investment in impaired loans | 33 | 12 |
Interest income recognized on impaired loans on a cash basis | $ 0 | $ 0 |
Note 7 - Loans - Nonaccrual Loa
Note 7 - Loans - Nonaccrual Loans and Loans Past Due Ninety Days or More and Still Accruing (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans past due 90+ days and accruing | $ 2,714 | $ 6,838 |
Nonaccrual loans | 11,231 | 8,736 |
Residential Portfolio Segment [Member] | ||
Loans past due 90+ days and accruing | 2,177 | 3,456 |
Nonaccrual loans | 3,489 | 3,781 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans past due 90+ days and accruing | 1,979 | 3,022 |
Nonaccrual loans | 3,478 | 3,770 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans past due 90+ days and accruing | 40 | 114 |
Nonaccrual loans | 0 | 0 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans past due 90+ days and accruing | 158 | 320 |
Nonaccrual loans | 11 | 11 |
Commercial Portfolio Segment [Member] | ||
Loans past due 90+ days and accruing | 530 | 3,279 |
Nonaccrual loans | 7,603 | 4,935 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due 90+ days and accruing | 96 | 2,774 |
Nonaccrual loans | 5,713 | 3,080 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans past due 90+ days and accruing | 218 | 286 |
Nonaccrual loans | 160 | 119 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans past due 90+ days and accruing | 216 | 219 |
Nonaccrual loans | 1,326 | 1,331 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans past due 90+ days and accruing | 0 | 0 |
Nonaccrual loans | 392 | 392 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans past due 90+ days and accruing | 0 | 0 |
Nonaccrual loans | 12 | 13 |
Consumer Portfolio Segment [Member] | ||
Loans past due 90+ days and accruing | 7 | 103 |
Nonaccrual loans | $ 139 | $ 20 |
Note 7 - Loans - Contractual Ag
Note 7 - Loans - Contractual Aging of Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Troubled debt restructurings, current and past due less than 30 days | $ 746,087 | $ 732,725 |
Loans receivable | 762,021 | 751,835 |
Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 7,413 | 8,154 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 8,521 | 10,956 |
Residential Portfolio Segment [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 414,344 | 407,108 |
Loans receivable | 424,999 | 420,773 |
Residential Portfolio Segment [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 6,851 | 7,494 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 3,804 | 6,171 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 330,781 | 321,670 |
Loans receivable | 340,431 | 334,102 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 6,044 | 6,695 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 3,606 | 5,737 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 23,593 | 23,268 |
Loans receivable | 23,717 | 23,706 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 84 | 324 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 40 | 114 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 36,427 | 37,603 |
Loans receivable | 36,810 | 38,057 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 225 | 134 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 158 | 320 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 23,543 | 24,567 |
Loans receivable | 24,041 | 24,908 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 498 | 341 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 317,886 | 312,171 |
Loans receivable | 322,997 | 317,340 |
Commercial Portfolio Segment [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 490 | 507 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 4,621 | 4,662 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 150,231 | 147,464 |
Loans receivable | 153,385 | 150,468 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 240 | 82 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 2,914 | 2,922 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 15,154 | 14,199 |
Loans receivable | 15,252 | 14,287 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 98 | 88 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 79,202 | 83,364 |
Loans receivable | 79,493 | 83,854 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 13 | 185 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 278 | 305 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 44,625 | 38,068 |
Loans receivable | 44,625 | 38,068 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 6,334 | 6,181 |
Loans receivable | 7,497 | 7,294 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 138 | 83 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 1,025 | 1,030 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 7,230 | 7,439 |
Loans receivable | 7,622 | 7,896 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 0 | 65 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 392 | 392 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 3,979 | 3,981 |
Loans receivable | 3,992 | 3,998 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 1 | 4 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 12 | 13 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 11,131 | 11,475 |
Loans receivable | 11,131 | 11,475 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 13,857 | 13,446 |
Loans receivable | 14,025 | 13,722 |
Consumer Portfolio Segment [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 72 | 153 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | $ 96 | $ 123 |
Note 7 - Loans - Contractual 57
Note 7 - Loans - Contractual Aging of Nonaccrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Nonaccrual loans | $ 11,231 | $ 8,736 |
Non accrual Loans [Member] | ||
Loans current and past due, nonaccrual | 4,487 | 4,199 |
Nonaccrual loans | 11,231 | 8,736 |
Non accrual Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Nonaccrual loans | 937 | 419 |
Non accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Nonaccrual loans | $ 5,807 | $ 4,118 |
Note 7 - Loans - Aging of Troub
Note 7 - Loans - Aging of Troubled Debt Restructurings (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Troubled debt restructurings, current and past due less than 30 days | $ 746,087 | $ 732,725 |
Nonaccrual loans | 11,231 | 8,736 |
Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 7,413 | 8,154 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 8,521 | 10,956 |
Troubled Debt Restructuring [Member] | ||
Troubled debt restructurings, current and past due less than 30 days | 701 | 5,453 |
Nonaccrual loans | 2,841 | 2,874 |
Troubled debt restructurings | 3,835 | 8,677 |
Troubled Debt Restructuring [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 51 | 350 |
Troubled Debt Restructuring [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | $ 242 | $ 0 |
Note 7 - Loans - Troubled Debt
Note 7 - Loans - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | |
Troubled debt restructurings, number of contracts | 0 | 1 |
Troubled debt restructurings, post-modification recorded investment | $ 0 | $ 5 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Extended Maturity [Member] | ||
Troubled debt restructurings, number of contracts | 0 | 1 |
Troubled debt restructurings, post-modification recorded investment | $ 0 | $ 5 |
Note 7 - Loans - Defaults on Lo
Note 7 - Loans - Defaults on Loans with Previous Modifications (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | |
Troubled debt restructuring defaults, number of contracts | 4 | 2 |
Troubled debt restructuring defaults, recorded investment | $ 347 | $ 36 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Troubled debt restructuring defaults, number of contracts | 2 | 1 |
Troubled debt restructuring defaults, recorded investment | $ 293 | $ 31 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Troubled debt restructuring defaults, number of contracts | 1 | 0 |
Troubled debt restructuring defaults, recorded investment | $ 28 | $ 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Troubled debt restructuring defaults, number of contracts | 0 | 1 |
Troubled debt restructuring defaults, recorded investment | $ 0 | $ 5 |
Consumer Portfolio Segment [Member] | ||
Troubled debt restructuring defaults, number of contracts | 1 | 0 |
Troubled debt restructuring defaults, recorded investment | $ 26 | $ 0 |
Note 7 - Loans - Foreclosed Res
Note 7 - Loans - Foreclosed Residential Real Estate (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Residential Portfolio Segment [Member] | ||
Foreclosed residential real estate | $ 800 | $ 1,102 |
Note 7 - Loans - Mortgage Loans
Note 7 - Loans - Mortgage Loans in Process of Foreclosure (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Residential Portfolio Segment [Member] | ||
Residential real estate in process of foreclosure | $ 2,544 | $ 2,738 |
Note 8 - Borrowed Funds (Detail
Note 8 - Borrowed Funds (Details Textual) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Short-term Debt | $ 20,744,000 | $ 26,175,000 |
Securities Sold under Agreements to Repurchase, Asset | $ 34,675,000 | 31,494,000 |
Repurchase Agreement Maturing in 2017 with a Rate of 3.595% [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.595% | |
Securities Sold under Agreements to Repurchase [Member] | ||
Short-term Debt | $ 6,244,000 | $ 5,175,000 |
Debt, Weighted Average Interest Rate | 0.10% | 0.10% |
Federal Home Loan Bank of Pittsburgh [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 483,045,000 | $ 471,454,000 |
Line of Credit Facility, Remaining Borrowing Capacity | 320,661,000 | |
Federal Home Loan Bank of Pittsburgh [Member] | Overnight Borrowing [Member] | ||
Short-term Debt | $ 14,500,000 | $ 21,000,000 |
Debt Instrument, Interest Rate, Stated Percentage | 0.99% | 0.74% |
Federal Home Loan Bank of Pittsburgh [Member] | Other Assets [Member] | ||
Federal Home Loan Bank Stock | $ 3,935,000 | $ 4,296,000 |
Note 8 - Borrowed Funds - Short
Note 8 - Borrowed Funds - Short-term Borrowings (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Short-term borrowings | $ 20,744 | $ 26,175 |
Securities Sold under Agreements to Repurchase [Member] | ||
Short-term borrowings | 6,244 | 5,175 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Advances [Member] | ||
Short-term borrowings | $ 14,500 | $ 21,000 |
Note 8 - Borrowed Funds - Long-
Note 8 - Borrowed Funds - Long-term Borrowings (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Long-term borrowings | $ 38,388 | $ 38,454 |
Repurchase Agreements [Member] | ||
Long-term borrowings | 27,000 | 27,000 |
Federal Home Loan Bank Advances [Member] | ||
Long-term borrowings | $ 11,388 | $ 11,454 |
Note 8 - Borrowed Funds - Lon66
Note 8 - Borrowed Funds - Long-term Borrowing Maturities (Details) - Federal Home Loan Bank of Pittsburgh [Member] - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Long-term borrowings from FHLB - Pittsburgh | $ 11,388 | $ 11,454 |
Federal Home Loan Bank Borrowings Loan Maturing in 2017 With Rate of 6.83% [Member] | ||
Long-term borrowings from FHLB - Pittsburgh | 2 | 4 |
Federal Home Loan Bank Borrowings Loan Maturing in 2017 with Rate of 3.81% [Member] | ||
Long-term borrowings from FHLB - Pittsburgh | 10,000 | 10,000 |
Federal Home Loan Bank Borrowings Loan Maturing in 2020 with Rate of 4.79% [Member] | ||
Long-term borrowings from FHLB - Pittsburgh | 601 | 646 |
Federal Home Loan Bank Borrowings Loan Maturing in 2025 with Rate of 4.91% [Member] | ||
Long-term borrowings from FHLB - Pittsburgh | $ 785 | $ 804 |
Note 8 - Borrowed Funds - Lon67
Note 8 - Borrowed Funds - Long-term Borrowing Maturities (Details) (Parentheticals) - Federal Home Loan Bank of Pittsburgh [Member] | Mar. 31, 2017Rate | Dec. 31, 2016Rate |
Federal Home Loan Bank Borrowings Loan Maturing in 2017 With Rate of 6.83% [Member] | ||
Rate (Rate) | 6.83% | 6.83% |
Federal Home Loan Bank Borrowings Loan Maturing in 2017 with Rate of 3.81% [Member] | ||
Rate (Rate) | 3.81% | 3.81% |
Federal Home Loan Bank Borrowings Loan Maturing in 2020 with Rate of 4.79% [Member] | ||
Rate (Rate) | 4.79% | 4.79% |
Federal Home Loan Bank Borrowings Loan Maturing in 2025 with Rate of 4.91% [Member] | ||
Rate (Rate) | 4.91% | 4.91% |
Note 8 - Borrowed Funds - Under
Note 8 - Borrowed Funds - Underlying Securities (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Securities Sold under Agreements to Repurchase, Asset | $ 34,675,000 | $ 31,494,000 |
Residential Pass-Through Securities [Member] | ||
Securities Sold under Agreements to Repurchase, Asset | 15,268,000 | 18,181,000 |
Collateralized Mortgage Obligations [Member] | ||
Securities Sold under Agreements to Repurchase, Asset | $ 19,407,000 | $ 13,313,000 |
Note 9 - Employee and Postret69
Note 9 - Employee and Postretirement Benefit Plans (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2017 | |
Payment for Pension and Other Postretirement Benefits | $ 12,000 | |
Defined Benefit Plan Required Contributions in Current Fiscal Year | $ 0 | |
Scenario, Forecast [Member] | ||
Payment for Pension and Other Postretirement Benefits | $ 62,000 |
Note 9 - Defined Benefit Plans
Note 9 - Defined Benefit Plans - Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Pension Plan [Member] | ||
Service cost | $ 0 | $ 0 |
Interest cost | 6 | 7 |
Expected return on plan assets | (8) | (7) |
Amortization of prior service cost | 0 | 0 |
Recognized net actuarial loss | 2 | 3 |
Net periodic benefit cost | 0 | 3 |
Other Postretirement Benefits Plan [Member] | ||
Service cost | 9 | 9 |
Interest cost | 14 | 16 |
Expected return on plan assets | 0 | 0 |
Amortization of prior service cost | (8) | (8) |
Recognized net actuarial loss | 0 | 0 |
Net periodic benefit cost | $ 15 | $ 17 |
Note 10 - Stock-based Compens71
Note 10 - Stock-based Compensation Plans (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2017 | |
Scenario, Forecast [Member] | |||
Allocated Share-based Compensation Expense | $ 652,000 | ||
Increase in Allocated Share-based Compensation Expense, Upon Meeting of Return on Average Equity Target | $ 123,000 | ||
Restricted Stock [Member] | |||
Allocated Share-based Compensation Expense | $ 168,000 | $ 162,000 | |
Stock Incentive Plan [Member] | Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 22,312 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||
Stock Incentive Plan [Member] | Restricted Stock [Member] | Chief Executive Officer [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 14,897 | ||
Stock Incentive Plan [Member] | Restricted Stock [Member] | Vesting Contingent upon Corporation Meeting ROAE Performance Ratio [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 50.00% | ||
Independent Directors Stock Incentive Plan [Member] | Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 8,470 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | |||
Increase (Decrease) in Income Taxes | $ (18,000) | $ (19,000) | ||
Unrecognized Tax Benefits | 0 | |||
Scenario, Forecast [Member] | ||||
Income Tax Credits and Adjustments | $ 157,000 | |||
Increase (Decrease) in Income Taxes | $ (73,000) | |||
Other Assets [Member] | ||||
Amortization Method Qualified Affordable Housing Project Investments | $ 687,000 | $ 713,000 |
Note 11 - Income Taxes - Net De
Note 11 - Income Taxes - Net Deferred Tax Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets: | ||
Unrealized holding losses on securities | $ 340 | $ 512 |
Allowance for loan losses | 3,094 | 2,998 |
Other deferred tax assets | 2,309 | 2,658 |
Total deferred tax assets | 5,743 | 6,168 |
Deferred tax liabilities: | ||
Defined benefit plans - ASC 835 | 83 | 27 |
Bank premises and equipment | 933 | 913 |
Core deposit intangibles | 6 | 6 |
Other deferred tax liabilities | 105 | 105 |
Total deferred tax liabilities | 1,127 | 1,051 |
Deferred tax asset, net | $ 4,616 | $ 5,117 |
Note 11 - Income Taxes - Reconc
Note 11 - Income Taxes - Reconciliation of Income Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income before income tax provision | $ 4,418 | $ 4,666 |
Income tax provision | $ 984 | $ 1,093 |
Effective tax rate | 22.27% | 23.42% |