Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Aug. 06, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | CITIZENS & NORTHERN CORP | |
Entity Central Index Key | 0000810958 | |
Trading Symbol | cznc | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 13,687,999 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
ASSETS | ||
Noninterest-bearing | $ 20,693,000 | $ 20,970,000 |
Interest-bearing | 18,812,000 | 16,517,000 |
Total cash and due from banks | 39,505,000 | 37,487,000 |
Available-for-sale debt securities, at fair value | 363,465,000 | 363,273,000 |
Marketable equity security | 976,000 | 950,000 |
Loans held for sale | 1,131,000 | 213,000 |
Loans receivable | 1,116,683,000 | 827,563,000 |
Allowance for loan losses | (8,200,000) | (9,309,000) |
Loans, net | 1,108,483,000 | 818,254,000 |
Bank-owned life insurance | 18,430,000 | 19,035,000 |
Accrued interest receivable | 5,306,000 | 3,968,000 |
Bank premises and equipment, net | 16,114,000 | 14,592,000 |
Foreclosed assets held for sale | 3,305,000 | 1,703,000 |
Deferred tax asset, net | 2,171,000 | 4,110,000 |
Goodwill and other intangibles, net | 30,013,000 | 11,951,000 |
Other assets | 20,786,000 | 15,357,000 |
TOTAL ASSETS | 1,609,685,000 | 1,290,893,000 |
LIABILITIES | ||
Noninterest-bearing | 299,638,000 | 272,520,000 |
Interest-bearing | 984,505,000 | 761,252,000 |
Total deposits | 1,284,143,000 | 1,033,772,000 |
Short-term borrowings | 27,493,000 | 12,853,000 |
Long-term borrowings | 38,273,000 | 35,915,000 |
Subordinated debt | 7,000,000 | 0 |
Accrued interest and other liabilities | 13,060,000 | 10,985,000 |
TOTAL LIABILITIES | 1,369,969,000 | 1,093,525,000 |
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 13,934,996 and outstanding 13,687,999 at June 30, 2019; issued 12,655,171 and outstanding 12,319,330 December 31, 2018 | 13,935,000 | 12,655,000 |
Paid-in capital | 103,953,000 | 72,602,000 |
Retained earnings | 123,112,000 | 122,643,000 |
Treasury stock, at cost; 246,997 shares at June 30, 2019 and 335,841 shares at December 31, 2018 | (4,716,000) | (6,362,000) |
Accumulated other comprehensive income (loss) | 3,432,000 | (4,170,000) |
TOTAL STOCKHOLDERS' EQUITY | 239,716,000 | 197,368,000 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $ 1,609,685,000 | $ 1,290,893,000 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 |
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 (in shares) | 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) | 13,934,996 | 12,655,171 |
Common stock, shares outstanding (in shares) | 13,687,999 | 12,319,330 |
Treasury stock, shares (in shares) | 246,997 | 335,841 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Interest and fees on loans: | |||||
Taxable | $ 14,098,000 | $ 9,575,000 | $ 24,046,000 | $ 18,776,000 | |
Tax-exempt | 524,000 | 560,000 | 1,088,000 | 1,116,000 | |
Interest on mortgages held for sale | 6,000 | 4,000 | 9,000 | 6,000 | |
Interest on balances with depository institutions | 149,000 | 96,000 | 265,000 | 146,000 | |
Income from available-for-sale debt securities: | |||||
Taxable | 1,826,000 | 1,381,000 | 3,660,000 | 2,744,000 | |
Tax-exempt | 531,000 | 712,000 | 1,125,000 | 1,425,000 | |
Dividends on marketable equity security | 5,000 | 6,000 | 11,000 | 11,000 | |
Total interest and dividend income | 17,139,000 | 12,334,000 | 30,204,000 | 24,224,000 | |
INTEREST EXPENSE | |||||
Interest on deposits | 2,363,000 | 879,000 | 3,416,000 | 1,608,000 | |
Interest on short-term borrowings | 228,000 | 82,000 | 307,000 | 281,000 | |
Interest on long-term borrowings | 228,000 | 118,000 | 446,000 | 183,000 | |
Interest on subordinated debt | 115,000 | 0 | 115,000 | 0 | |
Total interest expense | 2,934,000 | 1,079,000 | 4,284,000 | 2,072,000 | |
Net interest income | 14,205,000 | 11,255,000 | 25,920,000 | 22,152,000 | |
(Credit) provision for loan losses | (4,000) | (20,000) | (961,000) | 272,000 | |
Net interest income after (credit) provision for loan losses | 14,209,000 | 11,275,000 | 26,881,000 | 21,880,000 | |
NONINTEREST INCOME | |||||
Brokerage revenue | 361,000 | 271,000 | 668,000 | 483,000 | |
Insurance commissions, fees and premiums | 48,000 | 13,000 | 78,000 | 57,000 | |
Net gains from sale of loans | 221,000 | 166,000 | 308,000 | 350,000 | |
Increase in cash surrender value of life insurance | 99,000 | 98,000 | 191,000 | 195,000 | |
Other noninterest income | 437,000 | 529,000 | 967,000 | 979,000 | |
Sub-total | 4,849,000 | 4,689,000 | 9,255,000 | 9,095,000 | |
Gain on restricted equity security | 0 | 1,750,000 | 0 | 1,750,000 | |
Realized gains (losses) on available-for-sale debt securities, net | 7,000 | (282,000) | 7,000 | (282,000) | |
Total noninterest income | 4,856,000 | 6,157,000 | 9,262,000 | 10,563,000 | |
NONINTEREST EXPENSE | |||||
Salaries and wages | 5,276,000 | 4,193,000 | 9,769,000 | 8,317,000 | |
Pensions and other employee benefits | 1,225,000 | 1,200,000 | 2,843,000 | 2,810,000 | |
Occupancy expense, net | 665,000 | 613,000 | 1,322,000 | 1,250,000 | |
Furniture and equipment expense | 333,000 | 313,000 | 634,000 | 584,000 | |
Data processing expenses | 962,000 | 694,000 | 1,765,000 | 1,335,000 | |
Automated teller machine and interchange expense | 277,000 | 319,000 | 466,000 | 641,000 | |
Pennsylvania shares tax | 347,000 | 336,000 | 694,000 | 672,000 | |
Professional fees | 331,000 | 279,000 | 553,000 | 555,000 | |
Telecommunications | 176,000 | 157,000 | 340,000 | 390,000 | |
Directors' fees | 141,000 | 168,000 | 324,000 | 352,000 | |
Merger-related expenses | 3,301,000 | 0 | 3,612,000 | 0 | |
Other noninterest expense | 1,689,000 | 1,412,000 | 3,408,000 | 2,673,000 | |
Total noninterest expense | 14,723,000 | 9,684,000 | 25,730,000 | 19,579,000 | |
Income before income tax provision | 4,342,000 | 7,748,000 | 10,413,000 | 12,864,000 | |
Income tax provision | 693,000 | 1,377,000 | 1,674,000 | 2,118,000 | |
NET INCOME | $ 3,649,000 | $ 6,371,000 | $ 8,739,000 | $ 10,746,000 | |
EARNINGS PER COMMON SHARE - BASIC (in dollars per share) | [1] | $ 0.27 | $ 0.52 | $ 0.67 | $ 0.88 |
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share) | [1] | $ 0.27 | $ 0.52 | $ 0.67 | $ 0.87 |
Trust and Asset Management [Member] | |||||
NONINTEREST INCOME | |||||
Revenue | $ 1,583,000 | $ 1,526,000 | $ 2,943,000 | $ 2,948,000 | |
Deposit Account [Member] | |||||
NONINTEREST INCOME | |||||
Revenue | 1,277,000 | 1,302,000 | 2,527,000 | 2,506,000 | |
Service Charges and Fees [Member] | |||||
NONINTEREST INCOME | |||||
Revenue | 89,000 | 82,000 | 168,000 | 168,000 | |
Debit Card [Member] | |||||
NONINTEREST INCOME | |||||
Revenue | 699,000 | 641,000 | 1,342,000 | 1,220,000 | |
Bank Servicing [Member] | |||||
NONINTEREST INCOME | |||||
Revenue | $ 35,000 | $ 61,000 | $ 63,000 | $ 189,000 | |
[1] | Basic and diluted earnings per share under the two-class method are determined on net income reported on the consolidated statements of income, less earnings allocated to non-vested restricted shares with nonforfeitable dividends (participating securities). |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Net income | $ 3,649 | $ 6,371 | $ 8,739 | $ 10,746 |
Unrealized holding gains (losses) on available-for-sale debt securities | 5,170 | (1,292) | 9,431 | (6,131) |
Reclassification adjustment for (gains) losses realized in income | (7) | 282 | (7) | 282 |
Other comprehensive gain (loss) on available-for-sale debt securities | 5,163 | (1,010) | 9,424 | (5,849) |
Unfunded pension and postretirement obligations: | ||||
Changes from plan amendments and actuarial gains and losses included in accumulated other comprehensive gain (loss) | 0 | 0 | 214 | 93 |
Amortization of prior service cost and net actuarial loss included in net periodic benefit cost | (7) | (5) | (15) | (10) |
Other comprehensive (loss) gain on unfunded retirement obligations | (7) | (5) | 199 | 83 |
Other comprehensive income (loss) before income tax | 5,156 | (1,015) | 9,623 | (5,766) |
Income tax related to other comprehensive (income) loss | (1,083) | 214 | (2,021) | 1,211 |
Net other comprehensive income (loss) | 4,073 | (801) | 7,602 | (4,555) |
Comprehensive income | $ 7,722 | $ 5,570 | $ 16,341 | $ 6,191 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||
Net income | $ 3,649,000 | $ 6,371,000 | $ 8,739,000 | $ 10,746,000 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||
(Credit) provision for loan losses | (4,000) | (20,000) | (961,000) | 272,000 | |
Realized (gains) losses on available-for-sale debt securities, net | (7,000) | 282,000 | (7,000) | 282,000 | |
Unrealized (gain) loss on marketable equity security | (26,000) | 23,000 | |||
Gain on restricted equity security | 0 | (1,750,000) | 0 | (1,750,000) | |
Depreciation and amortization expense | 843,000 | 850,000 | |||
Accretion and amortization on securities, net | 505,000 | 512,000 | |||
Increase in cash surrender value of life insurance | (99,000) | (98,000) | (191,000) | (195,000) | |
Stock-based compensation and other expense | 431,000 | 338,000 | |||
Deferred income taxes | 583,000 | 196,000 | |||
Decrease in fair value of servicing rights | 148,000 | 26,000 | |||
Gains on sales of loans, net | (221,000) | (166,000) | (308,000) | (350,000) | |
Origination of loans held for sale | (9,783,000) | (10,730,000) | |||
Proceeds from sales of loans held for sale | 9,107,000 | 11,571,000 | |||
Increase in accrued interest receivable and other assets | (254,000) | (454,000) | |||
(Decrease) increase in accrued interest payable and other liabilities | (1,188,000) | 677,000 | |||
Other | (54,000) | 193,000 | |||
Net Cash Provided by Operating Activities | 7,584,000 | 12,207,000 | |||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||
Net cash and cash equivalents used in business combination | (1,778,000) | 0 | |||
Proceeds from maturities of certificates of deposit | 100,000 | 820,000 | |||
Purchase of certificates of deposit | 0 | (350,000) | |||
Proceeds from sales of available-for-sale debt securities | 95,139,000 | 0 | |||
Proceeds from calls and maturities of available-for-sale debt securities | 34,825,000 | 23,605,000 | |||
Purchase of available-for-sale debt securities | (26,662,000) | (22,355,000) | |||
Redemption of Federal Home Loan Bank of Pittsburgh stock | 6,723,000 | 4,020,000 | |||
Purchase of Federal Home Loan Bank of Pittsburgh stock | (3,148,000) | (2,542,000) | |||
Net increase in loans | (30,385,000) | (5,712,000) | |||
Proceeds from bank owned life insurance | 796,000 | 1,443,000 | |||
Purchase of premises and equipment | (925,000) | (687,000) | |||
Proceeds from sale of foreclosed assets | 227,000 | 1,243,000 | |||
Other | 75,000 | 84,000 | |||
Net Cash Provided by (Used in) Investing Activities | 74,987,000 | (431,000) | |||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||
Net increase in deposits | 26,931,000 | 32,450,000 | |||
Net decrease in short-term borrowings | (96,990,000) | (44,597,000) | |||
Proceeds from long-term borrowings | 22,500,000 | 18,000,000 | |||
Repayments of long-term borrowings and subordinated debt | (25,517,000) | (135,000) | |||
Sale of treasury stock | 198,000 | 65,000 | |||
Purchase of vested restricted stock | (189,000) | 0 | |||
Common dividends paid | (7,386,000) | (5,858,000) | |||
Net Cash Used in Financing Activities | (80,453,000) | (75,000) | |||
INCREASE IN CASH AND CASH EQUIVALENTS | 2,118,000 | 11,701,000 | |||
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 32,827,000 | 37,004,000 | $ 37,004,000 | ||
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 34,945,000 | $ 48,705,000 | 34,945,000 | 48,705,000 | $ 32,827,000 |
SUPPLEMENTAL DISCLOSURES: | |||||
Right-of-use assets recognized at adoption of ASU 2016-02 | 1,132,000 | 0 | |||
Leased assets obtained in exchange for new operating lease liabilities | 745,000 | 0 | |||
Assets acquired through foreclosure of real estate loans | 824,000 | 2,486,000 | |||
Interest paid | 3,846,000 | 2,011,000 | |||
Income taxes paid | $ 950,000 | $ 1,275,000 |
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, 2017 | 12,655,171 | 440,646 | |||||
Balance, beginning of period at Dec. 31, 2017 | $ 12,655 | $ (8,348) | $ 72,035 | $ 113,608 | $ (1,507) | $ 188,443 | |
Net income | 10,746 | 10,746 | |||||
Other comprehensive income (loss), net | (4,555) | (4,555) | |||||
Cash dividends declared on common stock | (6,619) | (6,619) | |||||
Shares issued for dividend reinvestment plan (in shares) | (31,572) | ||||||
Shares issued for dividend reinvestment plan | $ 598 | 163 | 761 | ||||
Shares issued from treasury and redeemed related to exercise of stock options (in shares) | (7,417) | ||||||
Shares issued from treasury and redeemed related to exercise of stock options | $ 140 | (75) | 65 | ||||
Restricted stock granted (in shares) | (34,552) | ||||||
Restricted stock granted | $ 655 | (655) | 0 | ||||
Forfeiture of restricted stock (in shares) | 7,528 | ||||||
Forfeiture of restricted stock | $ 141 | 141 | 0 | ||||
Forfeiture of restricted stock | $ (141) | (141) | 0 | ||||
Stock-based compensation expense | 338 | 338 | |||||
Impact of accounting standards change (Accounting Standards Update 2018-02 [Member]) at Dec. 31, 2017 | [1] | 325 | (325) | 0 | |||
Impact of accounting standards change (Accounting Standards Update 2017-08 [Member]) at Dec. 31, 2017 | [2] | (26) | 26 | 0 | |||
Impact of accounting standards change (Accounting Standards Update 2016-01 [Member]) at Dec. 31, 2017 | [3] | (22) | 22 | 0 | |||
Balance (in shares) at Jun. 30, 2018 | 12,655,171 | 374,633 | |||||
Balance, end of period at Jun. 30, 2018 | $ 12,655 | $ (7,096) | 71,947 | 118,012 | (6,339) | 189,179 | |
Balance, beginning of period at Mar. 31, 2018 | (5,538) | ||||||
Net income | 6,371 | ||||||
Other comprehensive income (loss), net | (801) | (801) | |||||
Balance (in shares) at Jun. 30, 2018 | 12,655,171 | 374,633 | |||||
Balance, end of period at Jun. 30, 2018 | $ 12,655 | $ (7,096) | 71,947 | 118,012 | (6,339) | 189,179 | |
Balance (in shares) at Dec. 31, 2018 | 12,655,171 | 335,841 | |||||
Balance, beginning of period at Dec. 31, 2018 | $ 12,655 | $ (6,362) | 72,602 | 122,643 | (4,170) | 197,368 | |
Net income | 8,739 | 8,739 | |||||
Other comprehensive income (loss), net | 7,602 | 7,602 | |||||
Cash dividends declared on common stock | (8,270) | (8,270) | |||||
Shares issued for dividend reinvestment plan (in shares) | (33,172) | ||||||
Shares issued for dividend reinvestment plan | $ 633 | 251 | 884 | ||||
Shares issued from treasury and redeemed related to exercise of stock options (in shares) | (18,071) | ||||||
Shares issued from treasury and redeemed related to exercise of stock options | $ 344 | (146) | 198 | ||||
Restricted stock granted (in shares) | (48,137) | ||||||
Restricted stock granted | $ 918 | (918) | 0 | ||||
Forfeiture of restricted stock (in shares) | 3,144 | ||||||
Forfeiture of restricted stock | $ 60 | 60 | 0 | ||||
Forfeiture of restricted stock | $ (60) | (60) | 0 | ||||
Stock-based compensation expense | 431 | 431 | |||||
Purchase of restricted stock for tax withholding (in shares) | 7,392 | ||||||
Purchase of restricted stock for tax withholding | $ (189) | (189) | |||||
Shares issued for acquisition of Monument Bancorp, Inc., net of equity issuance costs (in shares) | 1,279,825 | ||||||
Shares issued for acquisition of Monument Bancorp, Inc., net of equity issuance costs | $ 1,280 | 31,673 | 32,953 | ||||
Balance (in shares) at Jun. 30, 2019 | 13,934,996 | 246,997 | |||||
Balance, end of period at Jun. 30, 2019 | $ 13,935 | $ (4,716) | 103,953 | 123,112 | 3,432 | 239,716 | |
Balance, beginning of period at Mar. 31, 2019 | (641) | ||||||
Net income | 3,649 | ||||||
Other comprehensive income (loss), net | 4,073 | 4,073 | |||||
Balance (in shares) at Jun. 30, 2019 | 13,934,996 | 246,997 | |||||
Balance, end of period at Jun. 30, 2019 | $ 13,935 | $ (4,716) | $ 103,953 | $ 123,112 | $ 3,432 | $ 239,716 | |
[1] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of Accounting Standards Update (ASU) 2018-02, Reclassification of Certain tax Effects from Accumulated Other Comprehensive Income, effective January 1, 2018. | ||||||
[2] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20), effective January 1, 2018. | ||||||
[3] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of ASU 2016-01, Recognition and Measurement of Financial Assets and Liabilities, effective January 1, 2018. |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Retained Earnings [Member] | ||
Common stock, dividends, per share (in dollars per share) | $ 0.64 | $ 0.54 |
Note 1 - Basis of Interim Prese
Note 1 - Basis of Interim Presentation and Status of Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. AND STATUS OF RECENT ACCOUNTING PRONOUNCEMENTS The consolidated financial statements include the accounts of Citizens & Northern Corporation and its subsidiaries, Citizens & Northern Bank (“C&N Bank”), Bucktail Life Insurance Company and Citizens & Northern Investment Corporation (collectively, “Corporation”). The consolidated financial statements also include C&N Bank’s wholly-owned subsidiaries, C&N Financial Services Corporation, and Northern Tier Holding LLC. C&N Bank is the sole member of Northern Tier Holding LLC. All material intercompany balances and transactions have been eliminated in consolidation. The consolidated financial information included herein, except the consolidated balance sheet dated December 31, 2018, not 2018 2019 Operating results reported for the three six June 30, 2019 not December 31, 2019. RECENT ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (FASB) issues Accounting Standards Updates (ASUs) to the FASB Accounting Standards Codification (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 Recent Accounting Pronouncements - Adopted Effective January 1, 2019, 2016 02, 842 842, not 12 not $ 1,132,00 January 1, 2019, no no June 30, 2019, $ 1,760,000 Effective January 1, 2018, 2014 09, 606 five not 2014 09 not 12. In February 2018, 2018 02, not comprehensive income resulting from the Tax Cuts and Jobs Act of 2017 January 1, 2018. two January 1, 2018, $ 325,000 no Effective January 1, 2018, 2017 08, 310 20 no $26,000 January 1, 2018 Effective January 1, 2018, 2016 01, 2016 01 January 1, 2018 ● A marketable equity security previously included in available-for-sale securities on the consolidated balance sheets is presented as a separate asset. ● Changes in the fair value of the marketable equity security are captured in the consolidated statements of income. ● Retained earnings was reduced and a corresponding increase in accumulated other comprehensive loss was recognized ( no $ 22,000 January 1, 2018 ● Adoption of ASU 2016 01 not 13. Recently Issued B ut Not ASU 2016 13, 326 2016 13 2016 13 2016 13 2 2016 13 first 2020. July 2019, 2016 13 January 1, 2023. ASU 2017 04, 350 2 not may first 2020. not ASU 2018 13, 820 1 2 3 2018 13 2018 13 3 3 first 2020. 3 not ASU 2018 14, 715 20 first 2021. not ASU 2018 15, 350 40 not first 2020, not |
Note 2 - Business Combination -
Note 2 - Business Combination - Monument Bancorp, Inc. | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 2. BUSINESS COMBINATION - MONUMENT BANCORP, INC. The Corporation completed its acquisition of 100% April 1, 2019. two one The unaudited consolidated financial statements include the formerly separate Monument operations from April 1, 2019 June 30, 2019. not Total purchase consideration was $42,651,000, $9,517,000 1,279,825 $32,953,000, $181,000 The merger was accounted for using the acquisition method of accounting and, accordingly, purchased assets, including identifiable intangible assets, and assumed liabilities were recorded at their respective acquisition date fair values. The fair value measurements of assets acquired and liabilities assumed are subject to refinement for up to one The preliminary fair value of assets acquired, excluding goodwill, totaled $374,922,000, $348,947,000. April 1, 2019, $16,676,000 not The following table summarizes the consideration paid for Monument and the preliminary estimated fair values of the assets acquired and liabilities assumed at the acquisition date: (In Thousands) Fair value of consideration transferred: Cash $ 9,698 Common stock issued 32,953 Total consideration transferred $ 42,651 Preliminary estimated fair values of assets acquired and (liabilities) assumed: Cash and cash equivalents $ 7,920 Available-for-sale debt securities 94,568 Loans receivable 259,295 Accrued interest receivable 1,593 Bank premises and equipment 1,465 Foreclosed assets held for sale 1,064 Deferred tax asset, net 664 Core deposit intangible 1,461 Goodwill 16,676 Other assets 6,892 Deposits (223,303 ) Short-term borrowings (111,568 ) Subordinated debt (12,375 ) Accrued interest and other liabilities (1,701 ) Estimated excess fair value of assets acquired over liabilities assumed $ 42,651 In the consolidated statements of cash flows, noncash investing and financing activities include the issuance of common stock as part of the merger consideration as well as the following categories of assets acquired and liabilities assumed from Monument as reflected in the table above: available-for-sale debt securities, loans receivable, bank premises and equipment, foreclosed assets held for sale, core deposit intangible, goodwill, Federal Home Loan Bank of Pittsburgh stock of $5,478,000 Acquisition date fair values for available-for-sale securities were determined using Level 1 13. April 2019 no The determination of estimated fair values of the acquired loans required the Corporation to make certain estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature. Based on such factors as past due status, nonaccrual status, bankruptcy status, and credit risk ratings, the acquired loans were evaluated, and four three 310 30 not 310 20. 3 Loans acquired from Monument were measured at fair value at the acquisition date with no April 1, 2019: (In Thousands) Performing PCI Total Residential mortgage: Residential mortgage loans - first liens $ 107,645 $ 77 $ 107,722 Residential mortgage loans - junior liens 2,433 0 2,433 Home equity lines of credit 2,674 0 2,674 1-4 Family residential construction 510 0 510 Total residential mortgage 113,262 77 113,339 Commercial: Commercial loans secured by real estate 113,821 364 114,185 Commercial and industrial 7,571 0 7,571 Commercial construction and land 4,617 0 4,617 Loans secured by farmland 267 0 267 Multi-family (5 or more) residential 17,493 0 17,493 Other commercial loans 835 0 835 Total commercial 144,604 364 144,968 Consumer 988 0 988 Total $ 258,854 $ 441 $ 259,295 The following table presents the preliminary fair value adjustments made to the amortized cost basis of loans acquired at April 1, 2019: (In Thousands) Gross amortized cost at acquisition $ 263,334 Market rate adjustment (1,807 ) Credit fair value adjustment on non-credit impaired loans (1,914 ) Credit fair value adjustment on impaired loans (318 ) Estimated fair value of acquired loans $ 259,295 The market rate adjustment represents the movement in interest rates, irrespective of credit adjustments, compared to the contractual rates of the acquired loans. The credit adjustment made on non-PCI loans represents changes in credit quality of the underlying borrowers from loan inception to the acquisition date. The credit adjustment on PCI loans is derived in accordance with ASC 310 30 June 30, 2019) The Corporation recognized a core deposit intangible of $1,461,000. 4.4 Deposit liabilities assumed were segregated into two 1 2 2 Short-term borrowings assumed consisted of advances from the Federal Home Loan Bank of Pittsburgh. The fair value of short-term borrowings was determined using Level 2 April 1, 2019 Subordinated debt assumed included two 1 $5,375,000 April 1, 2019; 2 $7,000,000, April 1, 2027 may April 1, 2022. 2 The Corporation incurred merger-related expenses of $3,301,000 second 2019. six June 30, 2019, $3,612,000. The following table presents pro forma information as if the merger between the Corporation and Monument had been completed on January 1, 2018. not 2018. $3,301,000 second 2019, $2,628,000 $4,078,000 six June 30, 2019 ( $466,000 $3,270,000 not (In Thousands Except Per Share Data) 3 Months Ended 6 Months Ended (Unaudited) June 30, June 30, June 30, June 30, 2019 2018 2019 2018 Interest income $ 17,012 $ 16,511 $ 34,466 $ 32,053 Interest expense 2,730 2,511 5,861 4,764 Net interest income 14,282 14,000 28,605 27,289 (Credit) provision for loan losses (4 ) (10 ) (916 ) 277 Net interest income after (credit) provision for loan losses 14,286 14,010 29,521 27,012 Noninterest income 4,849 4,739 9,271 9,172 Net gains on securities 7 1,468 7 2,198 Other noninterest expenses 11,464 11,524 23,883 23,092 Income before income tax provision 7,678 8,693 14,916 15,290 Income tax provision 1,373 1,573 2,600 2,613 Net income $ 6,305 $ 7,120 $ 12,316 $ 12,677 Earnings per common share - basic $ 0.46 $ 0.53 $ 0.90 $ 0.94 Earnings per common share - diluted $ 0.46 $ 0.52 $ 0.90 $ 0.93 |
Note 3 - Per Share Data
Note 3 - Per Share Data | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 3. 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 (In Thousands, Except Share and Per Share Data) 3 Months Ended 6 Months Ended June 30, June 30, June 30, June 30, 2019 2018 2019 2018 Basic Net income $ 3,649,000 $ 6,371,000 $ 8,739,000 $ 10,746,000 Less: Dividends and undistributed earnings allocated to participating securities (19,000 ) (32,000 ) (46,000 ) (55,000 ) Net income attributable to common shares $ 3,630,000 $ 6,339,000 $ 8,693,000 $ 10,691,000 Basic weighted-average common shares outstanding 13,597,848 12,210,902 12,956,916 12,200,245 Basic earnings per common share (a) $ 0.27 $ 0.52 $ 0.67 $ 0.88 Diluted Net income attributable to common shares $ 3,630,000 $ 6,339,000 $ 8,693,000 $ 10,691,000 Basic weighted-average common shares outstanding 13,597,848 12,210,902 12,956,916 12,200,245 Dilutive effect of potential common stock arising from stock options 25,106 37,243 25,445 36,273 Diluted weighted-average common shares outstanding 13,622,954 12,248,145 12,982,361 12,236,518 Diluted earnings per common share (a) $ 0.27 $ 0.52 $ 0.67 $ 0.87 Weighted-average nonvested restricted shares outstanding 70,366 61,172 68,016 63,175 two Anti-dilutive stock options are excluded from net income per share calculations. There were no three six June 30, 2019 2018. |
Note 4 - Comprehensive Income
Note 4 - Comprehensive Income | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 4 . COMPREHENSIVE INCOME Comprehensive income is the total of ( 1 2 (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Six Months Ended June 30, 2019 Unrealized gains on available-for-sale debt securities: Unrealized holding gains on available-for-sale securities $ 9,431 $ (1,980 ) $ 7,451 Reclassification adjustment for (gains) realized in income (7 ) 1 (6 ) Other comprehensive income on available-for-sale debt securities 9,424 (1,979 ) 7,445 Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 214 (45 ) 169 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (15 ) 3 (12 ) Other comprehensive income on unfunded retirement obligations 199 (42 ) 157 Total other comprehensive income $ 9,623 $ (2,021 ) $ 7,602 (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Six Months Ended June 30, 2018 Unrealized losses on available-for-sale debt securities: Unrealized holding losses on available-for-sale securities $ (6,131 ) $ 1,287 $ (4,844 ) Reclassification adjustment for losses realized in income 282 (59 ) 223 Other comprehensive loss on available-for-sale debt securities (5,849 ) 1,228 (4,621 ) Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 93 (19 ) 74 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (10 ) 2 (8 ) Other comprehensive income on unfunded retirement obligations 83 (17 ) 66 Total other comprehensive loss $ (5,766 ) $ 1,211 $ (4,555 ) (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Three Months Ended June 30, 2019 Unrealized gains on available-for-sale debt securities: Unrealized holding gains on available-for-sale debt securities $ 5,170 $ (1,085 ) $ 4,085 Reclassification adjustment for (gains) realized in income (7 ) 1 (6 ) Other comprehensive income on available-for-sale debt securities 5,163 (1,084 ) 4,079 Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 0 0 0 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (7 ) 1 (6 ) Other comprehensive loss on unfunded retirement obligations (7 ) 1 (6 ) Total other comprehensive income $ 5,156 $ (1,083 ) $ 4,073 (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Three Months Ended June 30, 2018 Unrealized losses on available-for-sale debt securities: Unrealized holding losses on available-for-sale debt securities $ (1,292 ) $ 272 $ (1,020 ) Reclassification adjustment for losses realized in income 282 (59 ) 223 Other comprehensive loss on available-for-sale debt securities (1,010 ) 213 (797 ) Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 0 0 0 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (5 ) 1 (4 ) Other comprehensive loss on unfunded retirement obligations (5 ) 1 (4 ) Total other comprehensive loss $ (1,015 ) $ 214 $ (801 ) Changes in the components of accumulated other comprehensive income (loss) are as follows and are presented net of tax: (In Thousands) Unrealized Accumulated Gains Unfunded Other (Losses) Retirement Comprehensive on Securities Obligations Income (Loss) Six Months Ended June 30, 2019 Balance, beginning of period $ (4,307 ) $ 137 $ (4,170 ) Other comprehensive income during six months ended June 30, 2019 7,445 157 7,602 Balance, end of period $ 3,138 $ 294 $ 3,432 Six Months Ended June 30, 2018 Balance, beginning of period $ (1,566 ) $ 59 $ (1,507 ) Impact of change in enacted income tax rate (337 ) 12 (325 ) Impact of change in the method of premium amortization of callable debt securities 26 0 26 Impact of change in the method of accounting for marketable equity security 22 0 22 Other comprehensive (loss) income during six months ended June 30, 2018 (4,621 ) 66 (4,555 ) Balance, end of period $ (6,476 ) $ 137 $ (6,339 ) Three Months Ended June 30, 2019 Balance, beginning of period $ (941 ) $ 300 $ (641 ) Other comprehensive income (loss) during three months ended June 30, 2019 4,079 (6 ) 4,073 Balance, end of period $ 3,138 $ 294 $ 3,432 Three Months Ended June 30, 2018 Balance, beginning of period $ (5,679 ) $ 141 $ (5,538 ) Other comprehensive (loss) during three months ended June 30, 2018 (797 ) (4 ) (801 ) Balance, end of period $ (6,476 ) $ 137 $ (6,339 ) Items reclassified out of each component of other comprehensive income (loss) are as follows: For the Six Months Ended June 30, 2019 (In Thousands) Reclassified from Accumulated Other Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated Comprehensive Income (Loss) Components Income (Loss) Statements of Income Unrealized gains and losses on available-for-sale debt securities $ (7 ) Realized gains on available-for-sale debt securities, net 1 Income tax provision (6 ) Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (15 ) Other noninterest expense 3 Income tax provision (12 ) Net of tax Total reclassifications for the period $ (18 ) For the Six Months Ended June 30, 2018 (In Thousands) Reclassified from Accumulated Other Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated Comprehensive Income (Loss) Components Income (Loss) Statements of Income Unrealized gains and losses on available-for-sale debt securities $ 282 Realized losses on available-for-sale debt securities, net (59 ) Income tax provision 223 Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (16 ) Other noninterest expense Actuarial loss 6 Other noninterest expense (10 ) Total before tax 2 Income tax provision (8 ) Net of tax Total reclassifications for the period $ 215 For the Three Months Ended June 30, 2019 (In Thousands) Reclassified from Accumulated Other Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated Comprehensive Income (Loss) Components Income (Loss) Statements of Income Unrealized gains and losses on available-for-sale debt securities $ (7 ) Realized gains on available-for-sale debt securities, net 1 Income tax provision (6 ) Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (7 ) Other noninterest expense 1 Income tax provision (6 ) Net of tax Total reclassifications for the period $ (12 ) For the Three Months Ended June 30, 2018 (In Thousands) Reclassified from Accumulated Other Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated Comprehensive Income (Loss) Components Income (Loss) Statements of Income Unrealized gains and losses on available-for-sale debt securities $ 282 Realized losses on available-for-sale debt securities, net (59 ) Income tax provision 223 Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (8 ) Other noninterest expense Actuarial loss 3 Other noninterest expense (5 ) Total before tax 1 Income tax provision (4 ) Net of tax Total reclassifications for the period $ 219 |
Note 5 - Cash and Due From Bank
Note 5 - Cash and Due From Banks | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Cash and Cash Equivalents Disclosure [Text Block] | 5. Cash and due from banks at June 30, 2019 December 31, 2018 (In thousands) June 30, Dec. 31, 2019 2018 Cash and cash equivalents $ 34,945 $ 32,827 Certificates of deposit 4,560 4,660 Total cash and due from banks $ 39,505 $ 37,487 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 $17,335,000 June 30, 2019 $18,141,000 December 31, 2018. |
Note 6 - Securities
Note 6 - Securities | 6 Months Ended |
Jun. 30, 2019 | |
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 debt securities at June 30, 2019 December 31, 2018 June 30, 201 9 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (In Thousands) Cost Gains Losses Value Obligations of U.S. Government agencies $ 16,918 $ 652 $ 0 $ 17,570 Obligations of states and political subdivisions: Tax-exempt 73,897 1,676 (74 ) 75,499 Taxable 30,591 927 (9 ) 31,509 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 55,098 365 (322 ) 55,141 Residential collateralized mortgage obligations 139,513 610 (639 ) 139,484 Commercial mortgage-backed securities 43,476 1,020 (234 ) 44,262 Total available-for-sale debt securities $ 359,493 $ 5,250 $ (1,278 ) $ 363,465 December 31, 2018 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (In Thousands) Cost Gains Losses Value Obligations of U.S. Government agencies $ 12,331 $ 169 $ 0 $ 12,500 Obligations of states and political subdivisions: Tax-exempt 84,204 949 (1,201 ) 83,952 Taxable 27,618 208 (127 ) 27,699 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 54,827 48 (1,430 ) 53,445 Residential collateralized mortgage obligations 148,964 238 (3,290 ) 145,912 Commercial mortgage-backed securities 40,781 166 (1,182 ) 39,765 Total available-for-sale debt securities $ 368,725 $ 1,778 $ (7,230 ) $ 363,273 The following table presents gross unrealized losses and fair value of available-for-sale debt securities with unrealized loss positions that are not June 30, 2019 December 31, 2018: June 30 , 201 9 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 states and political subdivisions: Tax-exempt $ 0 $ 0 $ 10,872 $ (74 ) $ 10,872 $ (74 ) Taxable 0 0 3,790 (9 ) 3,790 (9 ) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 0 35,572 (322 ) 35,572 (322 ) Residential collateralized mortgage obligations 0 0 56,230 (639 ) 56,230 (639 ) Commercial mortgage-backed securities 0 0 9,098 (234 ) 9,098 (234 ) Total temporarily impaired available-for-sale debt securities $ 0 $ 0 $ 115,562 $ (1,278 ) $ 115,562 $ (1,278 ) December 31, 201 8 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 states and political subdivisions: Tax-exempt $ 5,084 $ (11 ) $ 32,684 $ (1,190 ) $ 37,768 $ (1,201 ) Taxable 980 (2 ) 11,418 (125 ) 12,398 (127 ) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 5,592 (4 ) 42,309 (1,426 ) 47,901 (1,430 ) Residential collateralized mortgage obligations 1,892 (8 ) 101,662 (3,282 ) 103,554 (3,290 ) Commercial mortgage-backed securities 0 0 32,552 (1,182 ) 32,552 (1,182 ) Total temporarily impaired available-for-sale debt securities $ 13,548 $ (25 ) $ 220,625 $ (7,205 ) $ 234,173 $ (7,230 ) Gross realized gains and losses from available-for-sale securities were as follows: (In Thousands) 3 Months Ended 6 Months Ended June 30, June 30, June 30, June 30, 2019 2018 2019 2018 Gross realized gains from sales $ 7 $ 0 $ 7 $ 0 Losses from other-than-temporary impairment 0 (282 ) 0 (282 ) Net realized gains (losses) $ 7 $ (282 ) $ 7 $ (282 ) The amortized cost and fair value of available-for-sale debt securities by contractual maturity are shown in the following table as of June 30, 2019. may may Amortized Fair (In Thousands) Cost Value Due in one year or less $ 11,329 $ 11,372 Due from one year through five years 37,122 37,822 Due from five years through ten years 42,498 43,451 Due after ten years 30,457 31,933 Sub-total 121,406 124,578 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 55,098 55,141 Residential collateralized mortgage obligations 139,513 139,484 Commercial mortgage-backed securities 43,476 44,262 Total $ 359,493 $ 363,465 The Corporation’s mortgage-backed securities and collateralized mortgage obligations have stated maturities that may one Investment securities carried at $211,400,000 June 30, 2019 $229,418,000 December 31, 2018 9 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 not A summary of information management considered in evaluating debt and equity securities for other-than-temporary impairment (“OTTI”) at June 30, 2019 Debt Securities At June 30, 2019 December 31, 2018, June 30, 2019 December 31, 2018 In the second 2018, $282,000. June 30, 2018 July 2018. $329,000, $282,000 second 2018. $17,858,000 Equity Securities The Corporation’s marketable equity security, with a carrying value of $976,000 June 30, 2019 $950,000 December 31, 2018, one $24,000 June 30, 2019 $50,000 December 31, 2018. $14,000 second 2019 $8,000 second 2018. $26,000 six June 30,2019 $23,000 six June 30, 2018. C&N Bank is a member of the Federal Home Loan Bank of Pittsburgh (FHLB-Pittsburgh), which is one 11 no $7,485,000 June 30, 2019 $5,582,000 December 31, 2018. not June 30, 2019 December 31, 2018. In the second 2018, $1,750,000. 19,789 2007 second 2018, $0, June 2018, 10,000 $88.43 July 2018. not second 2018 June 2018, 19,789 third 2018, 9,789 $1,437,000, $571,000. A summary of the realized and unrealized gains and losses recognized on equity securities is as follows: (In Thousands) 3 Months Ended 6 Months Ended June 30, June 30, June 30, June 30, 201 9 201 8 201 9 201 8 Net gains recognized during the period on equity securities $ 14 $ 1,742 $ 26 $ 1,727 Less: net gains recognized during the period on equity securities sold during the period 0 (884 ) 0 (884 ) Unrealized gains recognized during the period on equity securities still held at the reporting date $ 14 $ 858 $ 26 $ 843 |
Note 7 - Loans
Note 7 - Loans | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 7 . LOANS The loans receivable portfolio is segmented into residential mortgage, commercial and consumer loans. Loans outstanding at June 30, 2019 December 31, 2018 Summary of Loans by Type (In Thousands) June 30, Dec. 31, 2019 2018 Residential mortgage: Residential mortgage loans - first liens $ 484,479 $ 372,339 Residential mortgage loans - junior liens 28,880 25,450 Home equity lines of credit 35,224 34,319 1-4 Family residential construction 27,994 24,698 Total residential mortgage 576,577 456,806 Commercial: Commercial loans secured by real estate 279,267 162,611 Commercial and industrial 115,264 91,856 Political subdivisions 52,308 53,263 Commercial construction and land 21,197 11,962 Loans secured by farmland 7,251 7,146 Multi-family (5 or more) residential 26,749 7,180 Agricultural loans 5,234 5,659 Other commercial loans 13,037 13,950 Total commercial 520,307 353,627 Consumer 19,799 17,130 Total 1,116,683 827,563 Less: allowance for loan losses (8,200 ) (9,309 ) Loans, net $ 1,108,483 $ 818,254 In the table above, outstanding loan balances are presented net of deferred loan origination fees of $2,063,000 June 30, 2019 $1,999,000 December 31, 2018. As described in Note 2, April 1, 2019, $259,295,000. 2, April 1, 2019 $1,807,000 $1,914,000 $318,000 second 2019, $149,000 $261,000, $3,000 June 30, 2019, $1,658,000, $1,653,000 $315,000. 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 northcentral Pennsylvania, the southern tier of New York State and southeastern Pennsylvania. 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% June 30, 2019 December 31, 2018. 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 June 30, 2019 December 31, 2018, no Transactions within the allowance for loan losses, summarized by segment and class, for the three six June 30, 2019 2018 Three Months Ended June 30, 2019 March 31, June 30, (In Thousands) 2019 Balance Charge-offs Recoveries Provision (Credit) 2019 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,178 $ (33 ) $ 1 $ (16 ) $ 3,130 Residential mortgage loans - junior liens 329 0 0 4 333 Home equity lines of credit 286 0 1 (7 ) 280 1-4 Family residential construction 198 0 0 22 220 Total residential mortgage 3,991 (33 ) 2 3 3,963 Commercial: Commercial loans secured by real estate 1,887 0 0 (310 ) 1,577 Commercial and industrial 1,069 (6 ) 1 182 1,246 Commercial construction and land 114 0 0 38 152 Loans secured by farmland 98 0 0 4 102 Multi-family (5 or more) residential 112 0 0 38 150 Agricultural loans 43 0 0 (1 ) 42 Other commercial loans 121 0 0 (2 ) 119 Total commercial 3,444 (6 ) 1 (51 ) 3,388 Consumer 236 (29 ) 13 44 264 Unallocated 585 0 0 0 585 Total Allowance for Loan Losses $ 8,256 $ (68 ) $ 16 $ (4 ) $ 8,200 Three Months Ended June 30, 2018 March 31, June 30, (In Thousands) 2018 Balance Charge-offs Recoveries Provision (Credit) 2018 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,067 $ (34 ) $ 1 $ 21 $ 3,055 Residential mortgage loans - junior liens 351 0 2 0 353 Home equity lines of credit 286 (12 ) 0 18 292 1-4 Family residential construction 239 0 0 8 247 Total residential mortgage 3,943 (46 ) 3 47 3,947 Commercial: Commercial loans secured by real estate 2,635 0 0 (22 ) 2,613 Commercial and industrial 1,036 (133 ) 1 69 973 Commercial construction and land 137 0 0 (2 ) 135 Loans secured by farmland 102 0 0 4 106 Multi-family (5 or more) residential 169 0 0 5 174 Agricultural loans 205 0 0 (159 ) 46 Other commercial loans 149 0 0 (15 ) 134 Total commercial 4,433 (133 ) 1 (120 ) 4,181 Consumer 174 (32 ) 9 53 204 Unallocated 499 0 0 0 499 Total Allowance for Loan Losses $ 9,049 $ (211 ) $ 13 $ (20 ) $ 8,831 Six Months Ended June 30, 2019 Dec. 31, June 30, (In Thousands) 2018 Balance Charge-offs Recoveries Provision (Credit) 2019 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,156 $ (83 ) $ 2 $ 55 $ 3,130 Residential mortgage loans - junior liens 325 (24 ) 0 32 333 Home equity lines of credit 302 0 4 (26 ) 280 1-4 Family residential construction 203 0 0 17 220 Total residential mortgage 3,986 (107 ) 6 78 3,963 Commercial: Commercial loans secured by real estate 2,538 0 0 (961 ) 1,577 Commercial and industrial 1,553 (6 ) 3 (304 ) 1,246 Commercial construction and land 110 0 0 42 152 Loans secured by farmland 102 0 0 0 102 Multi-family (5 or more) residential 114 0 0 36 150 Agricultural loans 46 0 0 (4 ) 42 Other commercial loans 128 0 0 (9 ) 119 Total commercial 4,591 (6 ) 3 (1,200 ) 3,388 Consumer 233 (66 ) 22 75 264 Unallocated 499 0 0 86 585 Total Allowance for Loan Losses $ 9,309 $ (179 ) $ 31 $ (961 ) $ 8,200 Six Months Ended June 30, 2018 Dec. 31, June 30, (In Thousands) 2017 Balance Charge-offs Recoveries Provision (Credit) 2018 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,200 $ (87 ) $ 2 $ (60 ) $ 3,055 Residential mortgage loans - junior liens 224 0 3 126 353 Home equity lines of credit 296 (12 ) 0 8 292 1-4 Family residential construction 243 0 0 4 247 Total residential mortgage 3,963 (99 ) 5 78 3,947 Commercial: Commercial loans secured by real estate 2,584 (21 ) 0 50 2,613 Commercial and industrial 1,065 (133 ) 3 38 973 Commercial construction and land 150 0 0 (15 ) 135 Loans secured by farmland 105 0 0 1 106 Multi-family (5 or more) residential 172 0 0 2 174 Agricultural loans 57 0 0 (11 ) 46 Other commercial loans 102 0 0 32 134 Total commercial 4,235 (154 ) 3 97 4,181 Consumer 159 (73 ) 21 97 204 Unallocated 499 0 0 0 499 Total Allowance for Loan Losses $ 8,856 $ (326 ) $ 29 $ 272 $ 8,831 In the evaluation of the loan portfolio, management determines two 1 2 Loans acquired from Monument that were identified as having a deterioration in credit quality (purchased credit impaired, or PCI) were valued at $441,000 April 1, 2019 June 30, 2019. $1,914,000, $1,653,000 June 30, 2019. None second 2019, The credit for loan losses (reduction in expense) was $961,000 first six 2019 $272,000 first six 2018. 2019 no $1,365,000 December 31, 2018 two first 2019 two no first 2019. first six 2019 $1,160,000 $199,000 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 not not The following tables summarize the aggregate credit quality classification of outstanding loans by risk rating as of June 30, 2019 December 31, 2018: June 30, 2019 (In Thousands) Pass Special Mention Substandard Doubtful Purchased Credit Impaired Total Residential Mortgage: Residential mortgage loans - first liens $ 475,592 $ 644 $ 8,081 $ 85 $ 77 $ 484,479 Residential mortgage loans - junior liens 28,289 85 506 0 0 28,880 Home equity lines of credit 34,620 59 545 0 0 35,224 1-4 Family residential construction 27,813 0 181 0 0 27,994 Total residential mortgage 566,314 788 9,313 85 77 576,577 Commercial: Commercial loans secured by real estate 267,985 5,494 5,424 0 364 279,267 Commercial and Industrial 104,548 7,736 2,980 0 0 115,264 Political subdivisions 52,308 0 0 0 0 52,308 Commercial construction and land 16,343 4,781 73 0 0 21,197 Loans secured by farmland 4,953 314 1,984 0 0 7,251 Multi-family (5 or more) residential 26,749 0 0 0 0 26,749 Agricultural loans 4,159 398 677 0 0 5,234 Other commercial loans 12,917 0 120 0 0 13,037 Total commercial 489,962 18,723 11,258 0 364 520,307 Consumer 19,765 0 34 0 0 19,799 Totals $ 1,076,041 $ 19,511 $ 20,605 $ 85 $ 441 $ 1,116,683 December 31, 2018 (In Thousands) Pass Special Mention Substandard Doubtful Total Residential Mortgage: Residential mortgage loans - first liens $ 363,407 $ 937 $ 7,944 $ 51 $ 372,339 Residential mortgage loans - junior liens 24,841 176 433 0 25,450 Home equity lines of credit 33,659 59 601 0 34,319 1-4 Family residential construction 24,698 0 0 0 24,698 Total residential mortgage 446,605 1,172 8,978 51 456,806 Commercial: Commercial loans secured by real estate 156,308 740 5,563 0 162,611 Commercial and Industrial 84,232 5,230 2,394 0 91,856 Political subdivisions 53,263 0 0 0 53,263 Commercial construction and land 11,887 0 75 0 11,962 Loans secured by farmland 5,171 168 1,796 11 7,146 Multi-family (5 or more) residential 7,180 0 0 0 7,180 Agricultural loans 4,910 84 665 0 5,659 Other commercial loans 13,879 0 71 0 13,950 Total commercial 336,830 6,222 10,564 11 353,627 Consumer 17,116 0 14 0 17,130 Totals $ 800,551 $ 7,394 $ 19,556 $ 62 $ 827,563 The general component of the allowance for loan losses covers pools of loans including commercial loans not not 1 2 $400,000 June 30, 2019 December 31, 2018, five three Qualitative risk factors are evaluated for the impact on each of the 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. 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 The scope of loans reviewed individually each quarter to determine if they are impaired include all commercial loan relationships greater than $200,000 $400,000 one not not not June 30, 2019 December 31, 2018. $200,000 $400,000 $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 June 30, 2019 December 31, 2018. June 30, 2019 April 1, 2019 ( 2 second 2019 June 30, 2019 Loans: Allowance for Loan Losses: (In Thousands) Individually Evaluated Collectively Evaluated Purchased Performing Loans Totals Individually Evaluated Collectively Evaluated Totals Residential mortgage: Residential mortgage loans - first liens $ 970 $ 376,837 $ 106,672 $ 484,479 $ 0 $ 3,130 $ 3,130 Residential mortgage loans - junior liens 289 26,113 2,478 28,880 114 219 333 Home equity lines of credit 0 32,490 2,734 35,224 0 280 280 1-4 Family residential construction 0 27,555 439 27,994 0 220 220 Total residential mortgage 1,259 462,995 112,323 576,577 114 3,849 3,963 Commercial: Commercial loans secured by real estate 1,649 166,555 111,063 279,267 0 1,577 1,577 Commercial and industrial 1,230 110,026 4,008 115,264 135 1,111 1,246 Political subdivisions 0 52,308 0 52,308 0 0 0 Commercial construction and land 0 16,079 5,118 21,197 0 152 152 Loans secured by farmland 1,531 5,456 264 7,251 48 54 102 Multi-family (5 or more) residential 0 9,203 17,546 26,749 0 150 150 Agricultural loans 595 4,639 0 5,234 0 42 42 Other commercial loans 0 12,570 467 13,037 0 119 119 Total commercial 5,005 376,836 138,466 520,307 183 3,205 3,388 Consumer 0 18,811 988 19,799 0 264 264 Unallocated 585 Total $ 6,264 $ 858,642 $ 251,777 $ 1,116,683 $ 297 $ 7,318 $ 8,200 December 31, 2018 Loans: Allowance for Loan Losses: (In Thousands) Individually Collectively Individually Collectively Evaluated Evaluated Totals Evaluated Evaluated Totals Residential mortgage: Residential mortgage loans - first liens $ 991 $ 371,348 $ 372,339 $ 0 $ 3,156 $ 3,156 Residential mortgage loans - junior liens 293 25,157 25,450 116 209 325 Home equity lines of credit 0 34,319 34,319 0 302 302 1-4 Family residential construction 0 24,698 24,698 0 203 203 Total residential mortgage 1,284 455,522 456,806 116 3,870 3,986 Commercial: Commercial loans secured by real estate 4,302 158,309 162,611 781 1,757 2,538 Commercial and industrial 2,157 89,699 91,856 659 894 1,553 Political subdivisions 0 53,263 53,263 0 0 0 Commercial construction and land 0 11,962 11,962 0 110 110 Loans secured by farmland 1,349 5,797 7,146 49 53 102 Multi-family (5 or more) residential 0 7,180 7,180 0 114 114 Agricultural loans 665 4,994 5,659 0 46 46 Other commercial loans 0 13,950 13,950 0 128 128 Total commercial 8,473 345,154 353,627 1,489 3,102 4,591 Consumer 17 17,113 17,130 0 233 233 Unallocated 499 Total $ 9,774 $ 817,789 $ 827,563 $ 1,605 $ 7,205 $ 9,309 Summary information related to impaired loans at June 30, 2019 December 31, 2018 (In Thousands) June 30, 2019 December 31, 2018 Unpaid Unpaid Principal Recorded Related Principal Recorded Related Balance Investment Allowance Balance Investment Allowance With no related allowance recorded: Residential mortgage loans - first liens $ 729 $ 701 $ 0 $ 750 $ 721 $ 0 Residential mortgage loans - junior liens 50 50 0 54 54 0 Commercial loans secured by real estate 1,649 1,649 0 1,787 1,787 0 Commercial and industrial 436 436 0 817 817 0 Loans secured by farmland 1,048 1,048 0 862 862 0 Agricultural loans 595 595 0 665 665 0 Consumer 0 0 0 17 17 0 Total with no related allowance recorded 4,507 4,479 0 4,952 4,923 0 With a related allowance recorded: Residential mortgage loans - first liens 269 269 0 270 270 0 Residential mortgage loans - junior liens 239 239 114 239 239 116 Commercial loans secured by real estate 0 0 0 2,515 2,515 781 Commercial and industrial 794 794 135 1,340 1,340 659 Loans secured by farmland 483 483 48 487 487 49 Total with a related allowance recorded 1,785 1,785 297 4,851 4,851 1,605 Total $ 6,292 $ 6,264 $ 297 $ 9,803 $ 9,774 $ 1,605 In the table immediately above, two one first one The average balance of impaired loans, excluding purchased credit impaired loans, and interest income recognized on these impaired loans is as follows: Interest Income Recognized on Impaired Loans on a Cash Basis Average Investment in Impaired Loans (In Thousands) 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended June 30, June 30, June 30, June 30, 2019 2018 2019 2018 2019 2018 2019 2018 Residential mortgage: Residential mortgage loans - first lien $ 970 $ 1,108 $ 977 $ 1,077 $ 8 $ 11 $ 18 $ 30 Residential mortgage loans - junior lien 289 299 290 300 0 4 2 7 Total residential mortgage 1,259 1,407 1,267 1,377 8 15 20 37 Commercial: Commercial loans secured by real estate 1,722 4,592 2,582 5,237 7 35 17 70 Commercial and industrial 1,241 280 1,546 394 8 1 34 7 Loans secured by farmland 1,533 1,360 1,471 1,362 18 10 19 16 Multi-family (5 or more) residential 0 392 0 392 0 0 0 0 Agricultural loans 626 568 639 457 12 7 24 18 Total commercial 5,122 7,192 6,238 7,842 45 53 94 111 Consumer 0 19 6 19 0 0 0 0 Total $ 6,381 $ 8,618 $ 7,511 $ 9,238 $ 53 $ 68 $ 114 $ 148 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 six no The breakdown by portfolio segment and class of nonaccrual loans and loans past due ninety (In Thousands) June 30, 2019 December 31, 2018 Past Due Past Due 90+ Days and 90+ Days and Accruing Nonaccrual Accruing Nonaccrual Residential mortgage: Residential mortgage loans - first liens $ 1,677 $ 3,426 $ 1,633 $ 4,750 Residential mortgage loans - junior liens 106 239 151 239 Home equity lines of credit 57 73 219 27 Total residential mortgage 1,840 3,738 2,003 5,016 Commercial: Commercial loans secured by real estate 225 2,224 394 3,958 Commercial and industrial 59 1,170 18 2,111 Commercial construction and land 0 52 0 52 Loans secured by farmland 476 1,483 459 1,297 Agricultural loans 5 595 0 665 Total commercial 765 5,524 871 8,083 Consumer 26 27 32 14 Totals $ 2,631 $ 9,289 $ 2,906 $ 13,113 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 June 30, 2019 December 31, 2018: As of June 30, 2019 As of December 31, 2018 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 $ 476,950 $ 4,091 $ 3,438 $ 484,479 $ 361,362 $ 6,414 $ 4,563 $ 372,339 Residential mortgage loans - junior liens 28,482 53 345 28,880 24,876 184 390 25,450 Home equity lines of credit 34,739 428 57 35,224 33,611 480 228 34,319 1-4 Family residential construction 27,994 0 0 27,994 24,531 167 0 24,698 Total residential mortgage 568,165 4,572 3,840 576,577 444,380 7,245 5,181 456,806 Commercial: Commercial loans secured by real estate 276,687 566 2,014 279,267 160,668 226 1,717 162,611 Commercial and industrial 115,078 78 108 115,264 90,915 152 789 91,856 Political subdivisions 52,308 0 0 52,308 53,263 0 0 53,263 Commercial construction and land 21,145 0 52 21,197 11,910 0 52 11,962 Loans secured by farmland 5,292 493 1,466 7,251 5,390 487 1,269 7,146 Multi-family (5 or more) residential 26,749 0 0 26,749 7,104 76 0 7,180 Agricultural loans 5,215 8 11 5,234 5,624 29 6 5,659 Other commercial loans 13,037 0 0 13,037 13,950 0 0 13,950 Total commercial 515,511 1,145 3,651 520,307 348,824 970 3,833 353,627 Consumer 19,609 137 53 19,799 16,991 93 46 17,130 Totals $ 1,103,285 $ 5,854 $ 7,544 $ 1,116,683 $ 810,195 $ 8,308 $ 9,060 $ 827,563 Nonaccrual loans are included in the contractual aging in the immediately preceding table. A summary of the contractual aging of nonaccrual loans at June 30, 2019 December 31, 2018 Current & (In Thousands) Past Due Past Due Past Due Less than 30-89 90+ 30 Days Days Days Total June 30, 2019 Nonaccrual Totals $ 2,929 $ 1,447 $ 4,913 $ 9,289 December 31, 2018 Nonaccrual Totals $ 5,793 $ 1,166 $ 6,154 $ 13,113 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 June 30, 2019 December 31, 2018 Current & (In Thousands) Past Due Past Due Past Due Less than 30-89 90+ 30 Days Days Days Nonaccrual Total June 30, 2019 Totals $ 972 $ 0 $ 74 $ 415 $ 1,461 December 31, 2018 Totals $ 612 $ 43 $ 0 $ 2,884 $ 3,539 At June 30, 2019 December 31, 2018, no There were no three June 30, 2019 2018. six June 30, 2019 2018 (Balances in Thousands) 2019 2018 Post- Post- Number Modification Number Modification of Recorded of Recorded Loans Investment Loans Investment Residential mortgage - first liens, Reduced monthly payments for a six-month period 0 $ 0 1 $ 80 Residential mortgage - junior liens, Reduced monthly payments and extended maturity date 1 18 0 0 Commercial loans secured by real estate, Extended interest only payments for a six-month period 0 0 2 36 Commercial and industrial : Extended interest only payments for a six-month period 0 0 1 46 Reduced monthly payments and extended maturity date 9 448 0 0 Agricultural loans, Reduced monthly payments and extended maturity date 1 84 0 0 Total 11 $ 550 4 $ 162 All of the loans for which TDRs were granted in the table above in the six June 30, 2019 one In the six June 30, 2019 2018, no 12 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 sheets) is as follows: (In Thousands) June 30, Dec. 31, 2019 2018 Foreclosed residential real estate $ 368 $ 64 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) June 30, Dec. 31, 2019 2018 Residential real estate in process of foreclosure $ 1,456 $ 1,097 |
Note 8 - Goodwill and Other Int
Note 8 - Goodwill and Other Intangible Assets, Net | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 8. Information related to the core deposit intangibles are as follows: (In Thousands) June 30, December 31, 2019 2018 Gross amount $ 3,495 $ 2,034 Accumulated amortization (2,100 ) (2,025 ) Net $ 1,395 $ 9 Amortization expense was $73,000 second 2019, $72,000 2. $1,000 second 2018. $75,000 six June 30, 2019 $2,000 six June 30, 2018. Changes in the carrying amount of goodwill are summarized in the following table: (In Thousands) 3 Months 3 Months and 6 Months and 6 Months Ended Ended June 30, June 30, 2019 2018 Balance, beginning of period $ 11,942 $ 11,942 Goodwill arising in business combination 16,676 0 Balance, end of period $ 28,618 $ 11,942 |
Note 9 - Borrowed Funds and Sub
Note 9 - Borrowed Funds and Subordinated Debt | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 9. AND SUBORDINATED DEBT Short-term borrowings (initial maturity within one (In Thousands) June 30, Dec. 31, 201 9 201 8 FHLB-Pittsburgh borrowings – overnight $ 3,000 $ 7,000 Other short-term advances from FHLB-Pittsburgh 21,301 0 Customer repurchase agreements 3,192 5,853 Total short-term borrowings $ 27,493 $ 12,853 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% June 30, 2019 December 31, 2018. $3,240,000 June 30, 2019 $5,890,000 December 31, 2018. The FHLB-Pittsburgh loan facilities are collateralized by qualifying loans secured by real estate with a book value totaling $741,242,000 June 30, 2019 $495,143,000 December 31, 2018. $7,485,000 June 30, 2019 $5,582,000 December 31, 2018. Overnight borrowings from FHLB-Pittsburgh had interest rates of 2.46% June 30, 2019 2.62% December 31, 2018. June 30,2019, four $21,379,000 2.66%. Long-term borrowings from FHLB-Pittsburgh are as follows: (In Thousands) June 30, Dec. 31, 201 9 201 8 Loans matured in 2019 with a weighted-average rate of 2.17% $ 0 $ 17,000 Loans maturing in 2019 with a weighted-average rate of 2.59% 15,000 15,000 Loans maturing in 2020 with a weighted-average rate of 2.77% 5,171 3,271 Loans maturing in 2022 with a weighted-average rate of 2.16% 14,000 0 Loans maturing in 2023 with a weighted-average rate of 2.31% 3,500 0 Loan maturing in 2025 with a rate of 4.91% 602 644 Total long-term FHLB-Pittsburgh borrowings $ 38,273 $ 35,915 In connection with the Monument acquisition, the Corporation assumed subordinated debt agreements with par values totaling $7,000,000, April 1, 2027, may April 1, 2022. 6.50%. $7,000,000 June 30, 2019. |
Note 10 - Stock-based Compensat
Note 10 - Stock-based Compensation Plans | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [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 2019, 40,517 7,620 2019 three one 27,380 2019 one Compensation cost related to restricted stock is recognized based on the fair value of the stock at the grant date over the vesting period, adjusted for estimated and actual forfeitures. Management has estimated restricted stock expense in the second first six 2019 2017, 2018 2019 Total annual stock-based compensation for the year ending December 31, 2019 $880,000. $202,000 second 2019 $155,000 second 2018. $431,000 six June 30, 2019 $338,000 six June 30, 2018. |
Note 11 - Contingencies
Note 11 - Contingencies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 1 1 . CONTINGENCIES In the normal course of business, the Corporation may not |
Note 12 - Revenue Recognition
Note 12 - Revenue Recognition | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 1 2 . REVENUE RECOGNITION As disclosed in Note 1, January 1, 2018, 2014 09, 606 606. no 606 Additional disclosures related to the Corporation’s largest sources of noninterest income within the consolidated statements of income that are subject to ASC 606 Trust and financial management revenue 401 not not $948,998,000 June 30, 2019 $862,517,000 December 31, 2018. Trust revenue is recorded on a cash basis, which is not 81%, 2018 None Service charges on deposit accounts one not Interchange revenue from debit card transactions one |
Note 13 - Fair Value Measuremen
Note 13 - Fair Value Measurements and Fair Values of Financial Instruments | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 1 3 . 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 not 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 June 30, 2019 December 31, 2018, June 30, 2019 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 DEBT SECURITIES: Obligations of U.S. Government agencies $ 0 $ 17,570 $ 0 $ 17,570 Obligations of states and political subdivisions: Tax-exempt 0 75,499 0 75,499 Taxable 0 31,509 0 31,509 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 55,141 0 55,141 Residential collateralized mortgage obligations 0 139,484 0 139,484 Commercial mortgage-backed securities 0 44,262 0 44,262 Total available-for-sale debt securities 0 363,465 0 363,465 Marketable equity security 976 0 0 976 Servicing rights 0 0 1,322 1,322 Total recurring fair value measurements $ 976 $ 363,465 $ 1,322 $ 365,763 Nonrecurring fair value measurements Impaired loans with a valuation allowance $ 0 $ 0 $ 1,785 $ 1,785 Valuation allowance 0 0 (297 ) (297 ) Impaired loans, net 0 0 1,488 1,488 Foreclosed assets held for sale 0 0 3,305 3,305 Total nonrecurring fair value measurements $ 0 $ 0 $ 4,793 $ 4,793 December 31, 2018 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 DEBT SECURITIES: Obligations of U.S. Government agencies $ 0 $ 12,500 $ 0 $ 15,500 Obligations of states and political subdivisions: Tax-exempt 0 83,952 0 83,952 Taxable 0 27,699 0 27,699 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 53,445 0 53,445 Residential collateralized mortgage obligations 0 145,912 0 145,912 Commercial mortgage-backed securities 0 39,765 0 39,765 Total available-for-sale debt securities 0 363,273 0 363,273 Marketable equity security 950 0 0 950 Servicing rights 0 0 1,404 1,404 Total recurring fair value measurements $ 950 $ 363,273 $ 1,404 $ 365,627 Nonrecurring fair value measurements Impaired loans with a valuation allowance $ 0 $ 0 $ 4,851 $ 4,851 Valuation allowance 0 0 (1,605 ) (1,605 ) Impaired loans, net 0 0 3,246 3,246 Foreclosed assets held for sale 0 0 1,703 1,703 Total nonrecurring fair value measurements $ 0 $ 0 $ 4,949 $ 4,949 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 June 30, 2019 December 31, 2018, 3 Fair Value at 6/30/19 Valuation Unobservable Method or Value As of Asset (In Thousands) Technique Input(s) 6/30/19 Servicing rights $ 1,322 Discounted cash flow Discount rate 12.50 % Rate used through modeling period Loan prepayment speeds 147.00 % 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 12/31/18 Valuation Unobservable Method or Value As of Asset (In Thousands) Technique Input(s) 12/31/18 Servicing rights $ 1,404 Discounted cash flow Discount rate 12.50 % Rate used through modeling period Loan prepayment speeds 114.00 % 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 to increase (decrease) the fair value of the Corporation’s servicing rights because of changes in expected prepayment behavior by the borrowers on the underlying loans. Unrealized gains (losses) in fair value of servicing rights are included in Loan servicing fees, net, in the unaudited consolidated statements of income. Following is a reconciliation of activity for Level 3 (In Thousands) Three Months Ended June 30, 201 9 Six Months Ended June 30, 201 9 Restricted Equity Security Servicing Rights Total Restricted Equity Security Servicing Rights Total Balance, beginning of period $ 0 $ 1,347 $ 1,347 $ 0 $ 1,404 $ 1,404 Issuances of servicing rights 0 46 46 0 66 66 Unrealized gains (losses) included in earnings 0 (71 ) (71 ) 0 (148 ) (148 ) Balance, end of period $ 0 $ 1,322 $ 1,322 $ 0 $ 1,322 $ 1,322 (In Thousands) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Restricted Equity Security Servicing Rights Total Restricted Equity Security Servicing Rights Total Balance, beginning of period $ 0 $ 1,369 $ 1,369 $ 0 $ 1,299 $ 1,299 Issuances of servicing rights 0 47 47 0 97 97 Unrealized gains (losses) included in earnings 866 (46 ) 820 866 (26 ) 840 Balance, end of period $ 866 $ 1,370 $ 2,236 $ 866 $ 1,370 $ 2,236 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 June 30, 2019 December 31, 2018, 3 (In Thousands, Except Weighted- Percentages) Average Asset Balance at 6/30/19 Valuation Allowance at 6/30/19 Fair Value at 6/30/19 Valuation Technique Unobservable Inputs Discount at 6/30/19 Impaired loans: Residential mortgage loans - first and junior liens $ 508 $ 114 $ 394 Sales comparison Discount to appraised value 26 % Commercial: Commercial and industrial 75 75 0 Sales comparison Discount to appraised value 100 % Commercial and industrial 719 60 659 Liquidation of accounts receivable Discount to borrower's financial statement value 14 % Loans secured by farmland 483 48 435 Sales comparison Discount to appraised value 46 % Total impaired loans $ 1,785 $ 297 $ 1,488 Foreclosed assets held for sale - real estate: Residential (1-4 family) $ 368 $ 0 $ 368 Sales comparison Discount to appraised value 37 % Land 110 0 110 Sales comparison Discount to appraised value 61 % Commercial real estate 2,827 0 2,827 Sales comparison Discount to appraised value 30 % Total foreclosed assets held for sale $ 3,305 $ 0 $ 3,305 (In Thousands, Except Weighted- Percentages) Average Asset Balance at 12/31/18 Valuation Allowance at 12/31/18 Fair Value at 12/31/18 Valuation Technique Unobservable Inputs Discount at 12/31/18 Impaired loans: Residential mortgage loans - first and junior liens $ 509 $ 116 $ 393 Sales comparison Discount to appraised value 26 % Commercial: Commercial loans secured by real estate 2,515 781 1,734 Sales comparison Discount to appraised value 16 % Commercial and industrial 75 75 0 Sales comparison Discount to appraised value 100 % Commercial and industrial 1,265 584 681 Sales comparison Discount to borrower's financial statement value 36 % Loans secured by farmland 487 49 438 Sales comparison Discount to appraised value 56 % Total impaired loans $ 4,851 $ 1,605 $ 3,246 Foreclosed assets held for sale - real estate: Residential (1-4 family) $ 64 $ 0 $ 64 Sales comparison Discount to appraised value 68 % Land 110 0 110 Sales comparison Discount to appraised value 61 % Commercial real estate 1,529 0 1,529 Sales comparison Discount to appraised value 20 % Total foreclosed assets held for sale $ 1,703 $ 0 $ 1,703 Certain of the Corporation’s financial instruments are not not may not may not The estimated fair values, and related carrying amounts, of the Corporation’s financial instruments that are not (In Thousands) Fair Value June 30, 2019 December 31, 2018 Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and cash equivalents Level 1 $ 39,505 $ 39,505 $ 32,827 $ 32,827 Certificates of deposit Level 2 4,560 4,655 4,660 4,634 Restricted equity securities (included in Other Assets) Level 2 7,675 7,675 5,712 5,712 Loans, net Level 3 1,108,483 1,131,884 818,254 825,809 Accrued interest receivable Level 2 5,306 5,306 3,968 3,968 Financial liabilities: Deposits with no stated maturity Level 2 888,594 888,594 804,207 804,207 Time deposits Level 2 395,549 397,820 229,565 229,751 Short-term borrowings Level 2 27,493 27,350 12,853 12,617 Long-term borrowings Level 2 38,273 38,420 35,915 35,902 Accrued interest payable Level 2 443 443 142 142 The Corporation has commitments to extend credit and has issued standby letters of credit. Standby letters of credit are conditional guarantees of performance by a customer to a third not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | RECENT ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (FASB) issues Accounting Standards Updates (ASUs) to the FASB Accounting Standards Codification (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 Recent Accounting Pronouncements - Adopted Effective January 1, 2019, 2016 02, 842 842, not 12 not $1,132,000 January 1, 2019, no no June 30, 2019, $1,760,000 Effective January 1, 2018, 2014 09, 606 five not 2014 09 not 12. In February 2018, 2018 02, not comprehensive income resulting from the Tax Cuts and Jobs Act of 2017 January 1, 2018. two January 1, 2018, $325,000 no Effective January 1, 2018, 2017 08, 310 20 no $26,000 January 1, 2018 Effective January 1, 2018, 2016 01, 2016 01 January 1, 2018 ● A marketable equity security previously included in available-for-sale securities on the consolidated balance sheets is presented as a separate asset. ● Changes in the fair value of the marketable equity security are captured in the consolidated statements of income. ● Retained earnings was reduced and a corresponding increase in accumulated other comprehensive loss was recognized ( no $22,000 January 1, 2018 ● Adoption of ASU 2016 01 not 13. Recently Issued B ut Not ASU 2016 13, 326 2016 13 2016 13 2016 13 2 2016 13 first 2020. July 2019, 2016 13 January 1, 2023. ASU 2017 04, 350 2 not may first 2020. not ASU 2018 13, 820 1 2 3 2018 13 2018 13 3 3 first 2020. 3 not ASU 2018 14, 715 20 first 2021. not ASU 2018 15, 350 40 not first 2020, not |
Note 2 - Business Combination_2
Note 2 - Business Combination - Monument Bancorp, Inc. (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | (In Thousands) Fair value of consideration transferred: Cash $ 9,698 Common stock issued 32,953 Total consideration transferred $ 42,651 Preliminary estimated fair values of assets acquired and (liabilities) assumed: Cash and cash equivalents $ 7,920 Available-for-sale debt securities 94,568 Loans receivable 259,295 Accrued interest receivable 1,593 Bank premises and equipment 1,465 Foreclosed assets held for sale 1,064 Deferred tax asset, net 664 Core deposit intangible 1,461 Goodwill 16,676 Other assets 6,892 Deposits (223,303 ) Short-term borrowings (111,568 ) Subordinated debt (12,375 ) Accrued interest and other liabilities (1,701 ) Estimated excess fair value of assets acquired over liabilities assumed $ 42,651 |
Business Acquisition, Loans Acquired [Table Text Block] | (In Thousands) Performing PCI Total Residential mortgage: Residential mortgage loans - first liens $ 107,645 $ 77 $ 107,722 Residential mortgage loans - junior liens 2,433 0 2,433 Home equity lines of credit 2,674 0 2,674 1-4 Family residential construction 510 0 510 Total residential mortgage 113,262 77 113,339 Commercial: Commercial loans secured by real estate 113,821 364 114,185 Commercial and industrial 7,571 0 7,571 Commercial construction and land 4,617 0 4,617 Loans secured by farmland 267 0 267 Multi-family (5 or more) residential 17,493 0 17,493 Other commercial loans 835 0 835 Total commercial 144,604 364 144,968 Consumer 988 0 988 Total $ 258,854 $ 441 $ 259,295 |
Business Acquisition, Fair Value Adjustments on Loans Acquired [Table Text Block] | (In Thousands) Gross amortized cost at acquisition $ 263,334 Market rate adjustment (1,807 ) Credit fair value adjustment on non-credit impaired loans (1,914 ) Credit fair value adjustment on impaired loans (318 ) Estimated fair value of acquired loans $ 259,295 |
Business Acquisition, Pro Forma Information [Table Text Block] | (In Thousands Except Per Share Data) 3 Months Ended 6 Months Ended (Unaudited) June 30, June 30, June 30, June 30, 2019 2018 2019 2018 Interest income $ 17,012 $ 16,511 $ 34,466 $ 32,053 Interest expense 2,730 2,511 5,861 4,764 Net interest income 14,282 14,000 28,605 27,289 (Credit) provision for loan losses (4 ) (10 ) (916 ) 277 Net interest income after (credit) provision for loan losses 14,286 14,010 29,521 27,012 Noninterest income 4,849 4,739 9,271 9,172 Net gains on securities 7 1,468 7 2,198 Other noninterest expenses 11,464 11,524 23,883 23,092 Income before income tax provision 7,678 8,693 14,916 15,290 Income tax provision 1,373 1,573 2,600 2,613 Net income $ 6,305 $ 7,120 $ 12,316 $ 12,677 Earnings per common share - basic $ 0.46 $ 0.53 $ 0.90 $ 0.94 Earnings per common share - diluted $ 0.46 $ 0.52 $ 0.90 $ 0.93 |
Note 3 - Per Share Data (Tables
Note 3 - Per Share Data (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
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Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 3 Months Ended 6 Months Ended June 30, June 30, June 30, June 30, 2019 2018 2019 2018 Basic Net income $ 3,649,000 $ 6,371,000 $ 8,739,000 $ 10,746,000 Less: Dividends and undistributed earnings allocated to participating securities (19,000 ) (32,000 ) (46,000 ) (55,000 ) Net income attributable to common shares $ 3,630,000 $ 6,339,000 $ 8,693,000 $ 10,691,000 Basic weighted-average common shares outstanding 13,597,848 12,210,902 12,956,916 12,200,245 Basic earnings per common share (a) $ 0.27 $ 0.52 $ 0.67 $ 0.88 Diluted Net income attributable to common shares $ 3,630,000 $ 6,339,000 $ 8,693,000 $ 10,691,000 Basic weighted-average common shares outstanding 13,597,848 12,210,902 12,956,916 12,200,245 Dilutive effect of potential common stock arising from stock options 25,106 37,243 25,445 36,273 Diluted weighted-average common shares outstanding 13,622,954 12,248,145 12,982,361 12,236,518 Diluted earnings per common share (a) $ 0.27 $ 0.52 $ 0.67 $ 0.87 Weighted-average nonvested restricted shares outstanding 70,366 61,172 68,016 63,175 |
Note 4 - Comprehensive Income (
Note 4 - Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
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Comprehensive Income (Loss) [Table Text Block] | (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Six Months Ended June 30, 2019 Unrealized gains on available-for-sale debt securities: Unrealized holding gains on available-for-sale securities $ 9,431 $ (1,980 ) $ 7,451 Reclassification adjustment for (gains) realized in income (7 ) 1 (6 ) Other comprehensive income on available-for-sale debt securities 9,424 (1,979 ) 7,445 Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 214 (45 ) 169 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (15 ) 3 (12 ) Other comprehensive income on unfunded retirement obligations 199 (42 ) 157 Total other comprehensive income $ 9,623 $ (2,021 ) $ 7,602 (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Six Months Ended June 30, 2018 Unrealized losses on available-for-sale debt securities: Unrealized holding losses on available-for-sale securities $ (6,131 ) $ 1,287 $ (4,844 ) Reclassification adjustment for losses realized in income 282 (59 ) 223 Other comprehensive loss on available-for-sale debt securities (5,849 ) 1,228 (4,621 ) Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 93 (19 ) 74 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (10 ) 2 (8 ) Other comprehensive income on unfunded retirement obligations 83 (17 ) 66 Total other comprehensive loss $ (5,766 ) $ 1,211 $ (4,555 ) (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Three Months Ended June 30, 2019 Unrealized gains on available-for-sale debt securities: Unrealized holding gains on available-for-sale debt securities $ 5,170 $ (1,085 ) $ 4,085 Reclassification adjustment for (gains) realized in income (7 ) 1 (6 ) Other comprehensive income on available-for-sale debt securities 5,163 (1,084 ) 4,079 Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 0 0 0 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (7 ) 1 (6 ) Other comprehensive loss on unfunded retirement obligations (7 ) 1 (6 ) Total other comprehensive income $ 5,156 $ (1,083 ) $ 4,073 (In Thousands) Before-Tax Income Tax Net-of-Tax Amount Effect Amount Three Months Ended June 30, 2018 Unrealized losses on available-for-sale debt securities: Unrealized holding losses on available-for-sale debt securities $ (1,292 ) $ 272 $ (1,020 ) Reclassification adjustment for losses realized in income 282 (59 ) 223 Other comprehensive loss on available-for-sale debt securities (1,010 ) 213 (797 ) Unfunded pension and postretirement obligations: Changes from plan amendments and actuarial gains and losses included in other comprehensive income 0 0 0 Amortization of prior service cost and net actuarial loss included in net periodic benefit cost (5 ) 1 (4 ) Other comprehensive loss on unfunded retirement obligations (5 ) 1 (4 ) Total other comprehensive loss $ (1,015 ) $ 214 $ (801 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | (In Thousands) Unrealized Accumulated Gains Unfunded Other (Losses) Retirement Comprehensive on Securities Obligations Income (Loss) Six Months Ended June 30, 2019 Balance, beginning of period $ (4,307 ) $ 137 $ (4,170 ) Other comprehensive income during six months ended June 30, 2019 7,445 157 7,602 Balance, end of period $ 3,138 $ 294 $ 3,432 Six Months Ended June 30, 2018 Balance, beginning of period $ (1,566 ) $ 59 $ (1,507 ) Impact of change in enacted income tax rate (337 ) 12 (325 ) Impact of change in the method of premium amortization of callable debt securities 26 0 26 Impact of change in the method of accounting for marketable equity security 22 0 22 Other comprehensive (loss) income during six months ended June 30, 2018 (4,621 ) 66 (4,555 ) Balance, end of period $ (6,476 ) $ 137 $ (6,339 ) Three Months Ended June 30, 2019 Balance, beginning of period $ (941 ) $ 300 $ (641 ) Other comprehensive income (loss) during three months ended June 30, 2019 4,079 (6 ) 4,073 Balance, end of period $ 3,138 $ 294 $ 3,432 Three Months Ended June 30, 2018 Balance, beginning of period $ (5,679 ) $ 141 $ (5,538 ) Other comprehensive (loss) during three months ended June 30, 2018 (797 ) (4 ) (801 ) Balance, end of period $ (6,476 ) $ 137 $ (6,339 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | For the Six Months Ended June 30, 2019 (In Thousands) Reclassified from Accumulated Other Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated Comprehensive Income (Loss) Components Income (Loss) Statements of Income Unrealized gains and losses on available-for-sale debt securities $ (7 ) Realized gains on available-for-sale debt securities, net 1 Income tax provision (6 ) Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (15 ) Other noninterest expense 3 Income tax provision (12 ) Net of tax Total reclassifications for the period $ (18 ) For the Six Months Ended June 30, 2018 (In Thousands) Reclassified from Accumulated Other Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated Comprehensive Income (Loss) Components Income (Loss) Statements of Income Unrealized gains and losses on available-for-sale debt securities $ 282 Realized losses on available-for-sale debt securities, net (59 ) Income tax provision 223 Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (16 ) Other noninterest expense Actuarial loss 6 Other noninterest expense (10 ) Total before tax 2 Income tax provision (8 ) Net of tax Total reclassifications for the period $ 215 For the Three Months Ended June 30, 2019 (In Thousands) Reclassified from Accumulated Other Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated Comprehensive Income (Loss) Components Income (Loss) Statements of Income Unrealized gains and losses on available-for-sale debt securities $ (7 ) Realized gains on available-for-sale debt securities, net 1 Income tax provision (6 ) Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (7 ) Other noninterest expense 1 Income tax provision (6 ) Net of tax Total reclassifications for the period $ (12 ) For the Three Months Ended June 30, 2018 (In Thousands) Reclassified from Accumulated Other Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated Comprehensive Income (Loss) Components Income (Loss) Statements of Income Unrealized gains and losses on available-for-sale debt securities $ 282 Realized losses on available-for-sale debt securities, net (59 ) Income tax provision 223 Net of tax Amortization of defined benefit pension and postretirement items: Prior service cost (8 ) Other noninterest expense Actuarial loss 3 Other noninterest expense (5 ) Total before tax 1 Income tax provision (4 ) Net of tax Total reclassifications for the period $ 219 |
Note 5 - Cash and Due From Ba_2
Note 5 - Cash and Due From Banks (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
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Schedule of Cash and Cash Equivalents [Table Text Block] | (In thousands) June 30, Dec. 31, 2019 2018 Cash and cash equivalents $ 34,945 $ 32,827 Certificates of deposit 4,560 4,660 Total cash and due from banks $ 39,505 $ 37,487 |
Note 6 - Securities (Tables)
Note 6 - Securities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | June 30, 201 9 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (In Thousands) Cost Gains Losses Value Obligations of U.S. Government agencies $ 16,918 $ 652 $ 0 $ 17,570 Obligations of states and political subdivisions: Tax-exempt 73,897 1,676 (74 ) 75,499 Taxable 30,591 927 (9 ) 31,509 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 55,098 365 (322 ) 55,141 Residential collateralized mortgage obligations 139,513 610 (639 ) 139,484 Commercial mortgage-backed securities 43,476 1,020 (234 ) 44,262 Total available-for-sale debt securities $ 359,493 $ 5,250 $ (1,278 ) $ 363,465 December 31, 2018 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (In Thousands) Cost Gains Losses Value Obligations of U.S. Government agencies $ 12,331 $ 169 $ 0 $ 12,500 Obligations of states and political subdivisions: Tax-exempt 84,204 949 (1,201 ) 83,952 Taxable 27,618 208 (127 ) 27,699 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 54,827 48 (1,430 ) 53,445 Residential collateralized mortgage obligations 148,964 238 (3,290 ) 145,912 Commercial mortgage-backed securities 40,781 166 (1,182 ) 39,765 Total available-for-sale debt securities $ 368,725 $ 1,778 $ (7,230 ) $ 363,273 |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30 , 201 9 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 states and political subdivisions: Tax-exempt $ 0 $ 0 $ 10,872 $ (74 ) $ 10,872 $ (74 ) Taxable 0 0 3,790 (9 ) 3,790 (9 ) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 0 35,572 (322 ) 35,572 (322 ) Residential collateralized mortgage obligations 0 0 56,230 (639 ) 56,230 (639 ) Commercial mortgage-backed securities 0 0 9,098 (234 ) 9,098 (234 ) Total temporarily impaired available-for-sale debt securities $ 0 $ 0 $ 115,562 $ (1,278 ) $ 115,562 $ (1,278 ) December 31, 201 8 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 states and political subdivisions: Tax-exempt $ 5,084 $ (11 ) $ 32,684 $ (1,190 ) $ 37,768 $ (1,201 ) Taxable 980 (2 ) 11,418 (125 ) 12,398 (127 ) Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 5,592 (4 ) 42,309 (1,426 ) 47,901 (1,430 ) Residential collateralized mortgage obligations 1,892 (8 ) 101,662 (3,282 ) 103,554 (3,290 ) Commercial mortgage-backed securities 0 0 32,552 (1,182 ) 32,552 (1,182 ) Total temporarily impaired available-for-sale debt securities $ 13,548 $ (25 ) $ 220,625 $ (7,205 ) $ 234,173 $ (7,230 ) |
Realized Gain (Loss) on Investments [Table Text Block] | (In Thousands) 3 Months Ended 6 Months Ended June 30, June 30, June 30, June 30, 2019 2018 2019 2018 Gross realized gains from sales $ 7 $ 0 $ 7 $ 0 Losses from other-than-temporary impairment 0 (282 ) 0 (282 ) Net realized gains (losses) $ 7 $ (282 ) $ 7 $ (282 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Fair (In Thousands) Cost Value Due in one year or less $ 11,329 $ 11,372 Due from one year through five years 37,122 37,822 Due from five years through ten years 42,498 43,451 Due after ten years 30,457 31,933 Sub-total 121,406 124,578 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 55,098 55,141 Residential collateralized mortgage obligations 139,513 139,484 Commercial mortgage-backed securities 43,476 44,262 Total $ 359,493 $ 363,465 |
Gain (Loss) on Securities [Table Text Block] | (In Thousands) 3 Months Ended 6 Months Ended June 30, June 30, June 30, June 30, 201 9 201 8 201 9 201 8 Net gains recognized during the period on equity securities $ 14 $ 1,742 $ 26 $ 1,727 Less: net gains recognized during the period on equity securities sold during the period 0 (884 ) 0 (884 ) Unrealized gains recognized during the period on equity securities still held at the reporting date $ 14 $ 858 $ 26 $ 843 |
Note 7 - Loans (Tables)
Note 7 - Loans (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Summary of Loans by Type (In Thousands) June 30, Dec. 31, 2019 2018 Residential mortgage: Residential mortgage loans - first liens $ 484,479 $ 372,339 Residential mortgage loans - junior liens 28,880 25,450 Home equity lines of credit 35,224 34,319 1-4 Family residential construction 27,994 24,698 Total residential mortgage 576,577 456,806 Commercial: Commercial loans secured by real estate 279,267 162,611 Commercial and industrial 115,264 91,856 Political subdivisions 52,308 53,263 Commercial construction and land 21,197 11,962 Loans secured by farmland 7,251 7,146 Multi-family (5 or more) residential 26,749 7,180 Agricultural loans 5,234 5,659 Other commercial loans 13,037 13,950 Total commercial 520,307 353,627 Consumer 19,799 17,130 Total 1,116,683 827,563 Less: allowance for loan losses (8,200 ) (9,309 ) Loans, net $ 1,108,483 $ 818,254 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Three Months Ended June 30, 2019 March 31, June 30, (In Thousands) 2019 Balance Charge-offs Recoveries Provision (Credit) 2019 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,178 $ (33 ) $ 1 $ (16 ) $ 3,130 Residential mortgage loans - junior liens 329 0 0 4 333 Home equity lines of credit 286 0 1 (7 ) 280 1-4 Family residential construction 198 0 0 22 220 Total residential mortgage 3,991 (33 ) 2 3 3,963 Commercial: Commercial loans secured by real estate 1,887 0 0 (310 ) 1,577 Commercial and industrial 1,069 (6 ) 1 182 1,246 Commercial construction and land 114 0 0 38 152 Loans secured by farmland 98 0 0 4 102 Multi-family (5 or more) residential 112 0 0 38 150 Agricultural loans 43 0 0 (1 ) 42 Other commercial loans 121 0 0 (2 ) 119 Total commercial 3,444 (6 ) 1 (51 ) 3,388 Consumer 236 (29 ) 13 44 264 Unallocated 585 0 0 0 585 Total Allowance for Loan Losses $ 8,256 $ (68 ) $ 16 $ (4 ) $ 8,200 Three Months Ended June 30, 2018 March 31, June 30, (In Thousands) 2018 Balance Charge-offs Recoveries Provision (Credit) 2018 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,067 $ (34 ) $ 1 $ 21 $ 3,055 Residential mortgage loans - junior liens 351 0 2 0 353 Home equity lines of credit 286 (12 ) 0 18 292 1-4 Family residential construction 239 0 0 8 247 Total residential mortgage 3,943 (46 ) 3 47 3,947 Commercial: Commercial loans secured by real estate 2,635 0 0 (22 ) 2,613 Commercial and industrial 1,036 (133 ) 1 69 973 Commercial construction and land 137 0 0 (2 ) 135 Loans secured by farmland 102 0 0 4 106 Multi-family (5 or more) residential 169 0 0 5 174 Agricultural loans 205 0 0 (159 ) 46 Other commercial loans 149 0 0 (15 ) 134 Total commercial 4,433 (133 ) 1 (120 ) 4,181 Consumer 174 (32 ) 9 53 204 Unallocated 499 0 0 0 499 Total Allowance for Loan Losses $ 9,049 $ (211 ) $ 13 $ (20 ) $ 8,831 Six Months Ended June 30, 2019 Dec. 31, June 30, (In Thousands) 2018 Balance Charge-offs Recoveries Provision (Credit) 2019 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,156 $ (83 ) $ 2 $ 55 $ 3,130 Residential mortgage loans - junior liens 325 (24 ) 0 32 333 Home equity lines of credit 302 0 4 (26 ) 280 1-4 Family residential construction 203 0 0 17 220 Total residential mortgage 3,986 (107 ) 6 78 3,963 Commercial: Commercial loans secured by real estate 2,538 0 0 (961 ) 1,577 Commercial and industrial 1,553 (6 ) 3 (304 ) 1,246 Commercial construction and land 110 0 0 42 152 Loans secured by farmland 102 0 0 0 102 Multi-family (5 or more) residential 114 0 0 36 150 Agricultural loans 46 0 0 (4 ) 42 Other commercial loans 128 0 0 (9 ) 119 Total commercial 4,591 (6 ) 3 (1,200 ) 3,388 Consumer 233 (66 ) 22 75 264 Unallocated 499 0 0 86 585 Total Allowance for Loan Losses $ 9,309 $ (179 ) $ 31 $ (961 ) $ 8,200 Six Months Ended June 30, 2018 Dec. 31, June 30, (In Thousands) 2017 Balance Charge-offs Recoveries Provision (Credit) 2018 Balance Allowance for Loan Losses: Residential mortgage: Residential mortgage loans - first liens $ 3,200 $ (87 ) $ 2 $ (60 ) $ 3,055 Residential mortgage loans - junior liens 224 0 3 126 353 Home equity lines of credit 296 (12 ) 0 8 292 1-4 Family residential construction 243 0 0 4 247 Total residential mortgage 3,963 (99 ) 5 78 3,947 Commercial: Commercial loans secured by real estate 2,584 (21 ) 0 50 2,613 Commercial and industrial 1,065 (133 ) 3 38 973 Commercial construction and land 150 0 0 (15 ) 135 Loans secured by farmland 105 0 0 1 106 Multi-family (5 or more) residential 172 0 0 2 174 Agricultural loans 57 0 0 (11 ) 46 Other commercial loans 102 0 0 32 134 Total commercial 4,235 (154 ) 3 97 4,181 Consumer 159 (73 ) 21 97 204 Unallocated 499 0 0 0 499 Total Allowance for Loan Losses $ 8,856 $ (326 ) $ 29 $ 272 $ 8,831 |
Financing Receivable Credit Quality Indicators [Table Text Block] | June 30, 2019 (In Thousands) Pass Special Mention Substandard Doubtful Purchased Credit Impaired Total Residential Mortgage: Residential mortgage loans - first liens $ 475,592 $ 644 $ 8,081 $ 85 $ 77 $ 484,479 Residential mortgage loans - junior liens 28,289 85 506 0 0 28,880 Home equity lines of credit 34,620 59 545 0 0 35,224 1-4 Family residential construction 27,813 0 181 0 0 27,994 Total residential mortgage 566,314 788 9,313 85 77 576,577 Commercial: Commercial loans secured by real estate 267,985 5,494 5,424 0 364 279,267 Commercial and Industrial 104,548 7,736 2,980 0 0 115,264 Political subdivisions 52,308 0 0 0 0 52,308 Commercial construction and land 16,343 4,781 73 0 0 21,197 Loans secured by farmland 4,953 314 1,984 0 0 7,251 Multi-family (5 or more) residential 26,749 0 0 0 0 26,749 Agricultural loans 4,159 398 677 0 0 5,234 Other commercial loans 12,917 0 120 0 0 13,037 Total commercial 489,962 18,723 11,258 0 364 520,307 Consumer 19,765 0 34 0 0 19,799 Totals $ 1,076,041 $ 19,511 $ 20,605 $ 85 $ 441 $ 1,116,683 December 31, 2018 (In Thousands) Pass Special Mention Substandard Doubtful Total Residential Mortgage: Residential mortgage loans - first liens $ 363,407 $ 937 $ 7,944 $ 51 $ 372,339 Residential mortgage loans - junior liens 24,841 176 433 0 25,450 Home equity lines of credit 33,659 59 601 0 34,319 1-4 Family residential construction 24,698 0 0 0 24,698 Total residential mortgage 446,605 1,172 8,978 51 456,806 Commercial: Commercial loans secured by real estate 156,308 740 5,563 0 162,611 Commercial and Industrial 84,232 5,230 2,394 0 91,856 Political subdivisions 53,263 0 0 0 53,263 Commercial construction and land 11,887 0 75 0 11,962 Loans secured by farmland 5,171 168 1,796 11 7,146 Multi-family (5 or more) residential 7,180 0 0 0 7,180 Agricultural loans 4,910 84 665 0 5,659 Other commercial loans 13,879 0 71 0 13,950 Total commercial 336,830 6,222 10,564 11 353,627 Consumer 17,116 0 14 0 17,130 Totals $ 800,551 $ 7,394 $ 19,556 $ 62 $ 827,563 |
Impaired Financing Receivable by Portfolio Segment [Table Text Block] | June 30, 2019 Loans: Allowance for Loan Losses: (In Thousands) Individually Evaluated Collectively Evaluated Purchased Performing Loans Totals Individually Evaluated Collectively Evaluated Totals Residential mortgage: Residential mortgage loans - first liens $ 970 $ 376,837 $ 106,672 $ 484,479 $ 0 $ 3,130 $ 3,130 Residential mortgage loans - junior liens 289 26,113 2,478 28,880 114 219 333 Home equity lines of credit 0 32,490 2,734 35,224 0 280 280 1-4 Family residential construction 0 27,555 439 27,994 0 220 220 Total residential mortgage 1,259 462,995 112,323 576,577 114 3,849 3,963 Commercial: Commercial loans secured by real estate 1,649 166,555 111,063 279,267 0 1,577 1,577 Commercial and industrial 1,230 110,026 4,008 115,264 135 1,111 1,246 Political subdivisions 0 52,308 0 52,308 0 0 0 Commercial construction and land 0 16,079 5,118 21,197 0 152 152 Loans secured by farmland 1,531 5,456 264 7,251 48 54 102 Multi-family (5 or more) residential 0 9,203 17,546 26,749 0 150 150 Agricultural loans 595 4,639 0 5,234 0 42 42 Other commercial loans 0 12,570 467 13,037 0 119 119 Total commercial 5,005 376,836 138,466 520,307 183 3,205 3,388 Consumer 0 18,811 988 19,799 0 264 264 Unallocated 585 Total $ 6,264 $ 858,642 $ 251,777 $ 1,116,683 $ 297 $ 7,318 $ 8,200 December 31, 2018 Loans: Allowance for Loan Losses: (In Thousands) Individually Collectively Individually Collectively Evaluated Evaluated Totals Evaluated Evaluated Totals Residential mortgage: Residential mortgage loans - first liens $ 991 $ 371,348 $ 372,339 $ 0 $ 3,156 $ 3,156 Residential mortgage loans - junior liens 293 25,157 25,450 116 209 325 Home equity lines of credit 0 34,319 34,319 0 302 302 1-4 Family residential construction 0 24,698 24,698 0 203 203 Total residential mortgage 1,284 455,522 456,806 116 3,870 3,986 Commercial: Commercial loans secured by real estate 4,302 158,309 162,611 781 1,757 2,538 Commercial and industrial 2,157 89,699 91,856 659 894 1,553 Political subdivisions 0 53,263 53,263 0 0 0 Commercial construction and land 0 11,962 11,962 0 110 110 Loans secured by farmland 1,349 5,797 7,146 49 53 102 Multi-family (5 or more) residential 0 7,180 7,180 0 114 114 Agricultural loans 665 4,994 5,659 0 46 46 Other commercial loans 0 13,950 13,950 0 128 128 Total commercial 8,473 345,154 353,627 1,489 3,102 4,591 Consumer 17 17,113 17,130 0 233 233 Unallocated 499 Total $ 9,774 $ 817,789 $ 827,563 $ 1,605 $ 7,205 $ 9,309 |
Impaired Financing Receivables [Table Text Block] | (In Thousands) June 30, 2019 December 31, 2018 Unpaid Unpaid Principal Recorded Related Principal Recorded Related Balance Investment Allowance Balance Investment Allowance With no related allowance recorded: Residential mortgage loans - first liens $ 729 $ 701 $ 0 $ 750 $ 721 $ 0 Residential mortgage loans - junior liens 50 50 0 54 54 0 Commercial loans secured by real estate 1,649 1,649 0 1,787 1,787 0 Commercial and industrial 436 436 0 817 817 0 Loans secured by farmland 1,048 1,048 0 862 862 0 Agricultural loans 595 595 0 665 665 0 Consumer 0 0 0 17 17 0 Total with no related allowance recorded 4,507 4,479 0 4,952 4,923 0 With a related allowance recorded: Residential mortgage loans - first liens 269 269 0 270 270 0 Residential mortgage loans - junior liens 239 239 114 239 239 116 Commercial loans secured by real estate 0 0 0 2,515 2,515 781 Commercial and industrial 794 794 135 1,340 1,340 659 Loans secured by farmland 483 483 48 487 487 49 Total with a related allowance recorded 1,785 1,785 297 4,851 4,851 1,605 Total $ 6,292 $ 6,264 $ 297 $ 9,803 $ 9,774 $ 1,605 |
Schedule Of Additional Information On Impaired Loans [Table Text Block] | Interest Income Recognized on Impaired Loans on a Cash Basis Average Investment in Impaired Loans (In Thousands) 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended June 30, June 30, June 30, June 30, 2019 2018 2019 2018 2019 2018 2019 2018 Residential mortgage: Residential mortgage loans - first lien $ 970 $ 1,108 $ 977 $ 1,077 $ 8 $ 11 $ 18 $ 30 Residential mortgage loans - junior lien 289 299 290 300 0 4 2 7 Total residential mortgage 1,259 1,407 1,267 1,377 8 15 20 37 Commercial: Commercial loans secured by real estate 1,722 4,592 2,582 5,237 7 35 17 70 Commercial and industrial 1,241 280 1,546 394 8 1 34 7 Loans secured by farmland 1,533 1,360 1,471 1,362 18 10 19 16 Multi-family (5 or more) residential 0 392 0 392 0 0 0 0 Agricultural loans 626 568 639 457 12 7 24 18 Total commercial 5,122 7,192 6,238 7,842 45 53 94 111 Consumer 0 19 6 19 0 0 0 0 Total $ 6,381 $ 8,618 $ 7,511 $ 9,238 $ 53 $ 68 $ 114 $ 148 |
Financing Receivable, Nonaccrual [Table Text Block] | (In Thousands) June 30, 2019 December 31, 2018 Past Due Past Due 90+ Days and 90+ Days and Accruing Nonaccrual Accruing Nonaccrual Residential mortgage: Residential mortgage loans - first liens $ 1,677 $ 3,426 $ 1,633 $ 4,750 Residential mortgage loans - junior liens 106 239 151 239 Home equity lines of credit 57 73 219 27 Total residential mortgage 1,840 3,738 2,003 5,016 Commercial: Commercial loans secured by real estate 225 2,224 394 3,958 Commercial and industrial 59 1,170 18 2,111 Commercial construction and land 0 52 0 52 Loans secured by farmland 476 1,483 459 1,297 Agricultural loans 5 595 0 665 Total commercial 765 5,524 871 8,083 Consumer 26 27 32 14 Totals $ 2,631 $ 9,289 $ 2,906 $ 13,113 |
Financing Receivable, Past Due [Table Text Block] | As of June 30, 2019 As of December 31, 2018 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 $ 476,950 $ 4,091 $ 3,438 $ 484,479 $ 361,362 $ 6,414 $ 4,563 $ 372,339 Residential mortgage loans - junior liens 28,482 53 345 28,880 24,876 184 390 25,450 Home equity lines of credit 34,739 428 57 35,224 33,611 480 228 34,319 1-4 Family residential construction 27,994 0 0 27,994 24,531 167 0 24,698 Total residential mortgage 568,165 4,572 3,840 576,577 444,380 7,245 5,181 456,806 Commercial: Commercial loans secured by real estate 276,687 566 2,014 279,267 160,668 226 1,717 162,611 Commercial and industrial 115,078 78 108 115,264 90,915 152 789 91,856 Political subdivisions 52,308 0 0 52,308 53,263 0 0 53,263 Commercial construction and land 21,145 0 52 21,197 11,910 0 52 11,962 Loans secured by farmland 5,292 493 1,466 7,251 5,390 487 1,269 7,146 Multi-family (5 or more) residential 26,749 0 0 26,749 7,104 76 0 7,180 Agricultural loans 5,215 8 11 5,234 5,624 29 6 5,659 Other commercial loans 13,037 0 0 13,037 13,950 0 0 13,950 Total commercial 515,511 1,145 3,651 520,307 348,824 970 3,833 353,627 Consumer 19,609 137 53 19,799 16,991 93 46 17,130 Totals $ 1,103,285 $ 5,854 $ 7,544 $ 1,116,683 $ 810,195 $ 8,308 $ 9,060 $ 827,563 |
Contractual Aging of Nonaccrual Loans [Table Text Block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 15%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Current &</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">(In Thousands)</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Past Due</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Past Due</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Past Due</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;"> </div></div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Less than</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">30-89</div></div></div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">90+</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;"> </div></div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">30 Days</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Days</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Days</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Total</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">June 30, 2019 Nonaccrual Totals</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,929</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,447</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,913</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9,289</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">December 31, 2018 Nonaccrual Totals</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5,793</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,166</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,154</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13,113</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"> </td> </tr> </table></div>" id="sjs-B12"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 15%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Current &</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 40%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">(In Thousands)</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Past Due</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Past Due</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Past Due</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;"> </div></div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Less than</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; text-align: center;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">30-89</div></div></div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">90+</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> <td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;"> </div></div></td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">30 Days</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Days</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Days</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Total</div></div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">June 30, 2019 Nonaccrual Totals</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,929</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,447</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,913</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9,289</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">December 31, 2018 Nonaccrual Totals</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5,793</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,166</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,154</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13,113</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"> </td> </tr> </table></div> |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Current & (In Thousands) Past Due Past Due Past Due Less than 30-89 90+ 30 Days Days Days Nonaccrual Total June 30, 2019 Totals $ 972 $ 0 $ 74 $ 415 $ 1,461 December 31, 2018 Totals $ 612 $ 43 $ 0 $ 2,884 $ 3,539 |
Schedule of Real Estate Acquired Through Foreclosure [Table Text Block] | (In Thousands) June 30, Dec. 31, 2019 2018 Foreclosed residential real estate $ 368 $ 64 |
Schedule of Mortgage Loans in Process of Foreclosure [Table Text Block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 15%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 64%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">(In Thousands)</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">June 30,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Dec. 31,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Residential real estate in process of foreclosure</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,456</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,097</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div>" id="sjs-B15"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 15%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 64%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">(In Thousands)</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">June 30,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Dec. 31,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Residential real estate in process of foreclosure</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,456</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 15%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,097</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div> |
Troubled Debt Restructuring [Member] | |
Notes Tables | |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | (Balances in Thousands) 2019 2018 Post- Post- Number Modification Number Modification of Recorded of Recorded Loans Investment Loans Investment Residential mortgage - first liens, Reduced monthly payments for a six-month period 0 $ 0 1 $ 80 Residential mortgage - junior liens, Reduced monthly payments and extended maturity date 1 18 0 0 Commercial loans secured by real estate, Extended interest only payments for a six-month period 0 0 2 36 Commercial and industrial : Extended interest only payments for a six-month period 0 0 1 46 Reduced monthly payments and extended maturity date 9 448 0 0 Agricultural loans, Reduced monthly payments and extended maturity date 1 84 0 0 Total 11 $ 550 4 $ 162 |
Note 8 - Goodwill and Other I_2
Note 8 - Goodwill and Other Intangible Assets, Net (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | June 30, December 31, 2019 2018 Gross amount $ 3,495 $ 2,034 Accumulated amortization (2,100 ) (2,025 ) Net $ 1,395 $ 9 |
Schedule of Goodwill [Table Text Block] | (In Thousands) 3 Months 3 Months and 6 Months and 6 Months Ended Ended June 30, June 30, 2019 2018 Balance, beginning of period $ 11,942 $ 11,942 Goodwill arising in business combination 16,676 0 Balance, end of period $ 28,618 $ 11,942 |
Note 9 - Borrowed Funds and S_2
Note 9 - Borrowed Funds and Subordinated Debt (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Short-term Debt [Table Text Block] | (In Thousands) June 30, Dec. 31, 201 9 201 8 FHLB-Pittsburgh borrowings – overnight $ 3,000 $ 7,000 Other short-term advances from FHLB-Pittsburgh 21,301 0 Customer repurchase agreements 3,192 5,853 Total short-term borrowings $ 27,493 $ 12,853 |
Schedule of Maturities of Long-term Debt [Table Text Block] | (In Thousands) June 30, Dec. 31, 201 9 201 8 Loans matured in 2019 with a weighted-average rate of 2.17% $ 0 $ 17,000 Loans maturing in 2019 with a weighted-average rate of 2.59% 15,000 15,000 Loans maturing in 2020 with a weighted-average rate of 2.77% 5,171 3,271 Loans maturing in 2022 with a weighted-average rate of 2.16% 14,000 0 Loans maturing in 2023 with a weighted-average rate of 2.31% 3,500 0 Loan maturing in 2025 with a rate of 4.91% 602 644 Total long-term FHLB-Pittsburgh borrowings $ 38,273 $ 35,915 |
Note 13 - Fair Value Measurem_2
Note 13 - Fair Value Measurements and Fair Values of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | June 30, 2019 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 DEBT SECURITIES: Obligations of U.S. Government agencies $ 0 $ 17,570 $ 0 $ 17,570 Obligations of states and political subdivisions: Tax-exempt 0 75,499 0 75,499 Taxable 0 31,509 0 31,509 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 55,141 0 55,141 Residential collateralized mortgage obligations 0 139,484 0 139,484 Commercial mortgage-backed securities 0 44,262 0 44,262 Total available-for-sale debt securities 0 363,465 0 363,465 Marketable equity security 976 0 0 976 Servicing rights 0 0 1,322 1,322 Total recurring fair value measurements $ 976 $ 363,465 $ 1,322 $ 365,763 Nonrecurring fair value measurements Impaired loans with a valuation allowance $ 0 $ 0 $ 1,785 $ 1,785 Valuation allowance 0 0 (297 ) (297 ) Impaired loans, net 0 0 1,488 1,488 Foreclosed assets held for sale 0 0 3,305 3,305 Total nonrecurring fair value measurements $ 0 $ 0 $ 4,793 $ 4,793 December 31, 2018 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 DEBT SECURITIES: Obligations of U.S. Government agencies $ 0 $ 12,500 $ 0 $ 15,500 Obligations of states and political subdivisions: Tax-exempt 0 83,952 0 83,952 Taxable 0 27,699 0 27,699 Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: Residential pass-through securities 0 53,445 0 53,445 Residential collateralized mortgage obligations 0 145,912 0 145,912 Commercial mortgage-backed securities 0 39,765 0 39,765 Total available-for-sale debt securities 0 363,273 0 363,273 Marketable equity security 950 0 0 950 Servicing rights 0 0 1,404 1,404 Total recurring fair value measurements $ 950 $ 363,273 $ 1,404 $ 365,627 Nonrecurring fair value measurements Impaired loans with a valuation allowance $ 0 $ 0 $ 4,851 $ 4,851 Valuation allowance 0 0 (1,605 ) (1,605 ) Impaired loans, net 0 0 3,246 3,246 Foreclosed assets held for sale 0 0 1,703 1,703 Total nonrecurring fair value measurements $ 0 $ 0 $ 4,949 $ 4,949 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | (In Thousands) Three Months Ended June 30, 201 9 Six Months Ended June 30, 201 9 Restricted Equity Security Servicing Rights Total Restricted Equity Security Servicing Rights Total Balance, beginning of period $ 0 $ 1,347 $ 1,347 $ 0 $ 1,404 $ 1,404 Issuances of servicing rights 0 46 46 0 66 66 Unrealized gains (losses) included in earnings 0 (71 ) (71 ) 0 (148 ) (148 ) Balance, end of period $ 0 $ 1,322 $ 1,322 $ 0 $ 1,322 $ 1,322 (In Thousands) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Restricted Equity Security Servicing Rights Total Restricted Equity Security Servicing Rights Total Balance, beginning of period $ 0 $ 1,369 $ 1,369 $ 0 $ 1,299 $ 1,299 Issuances of servicing rights 0 47 47 0 97 97 Unrealized gains (losses) included in earnings 866 (46 ) 820 866 (26 ) 840 Balance, end of period $ 866 $ 1,370 $ 2,236 $ 866 $ 1,370 $ 2,236 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | (In Thousands) Fair Value June 30, 2019 December 31, 2018 Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and cash equivalents Level 1 $ 39,505 $ 39,505 $ 32,827 $ 32,827 Certificates of deposit Level 2 4,560 4,655 4,660 4,634 Restricted equity securities (included in Other Assets) Level 2 7,675 7,675 5,712 5,712 Loans, net Level 3 1,108,483 1,131,884 818,254 825,809 Accrued interest receivable Level 2 5,306 5,306 3,968 3,968 Financial liabilities: Deposits with no stated maturity Level 2 888,594 888,594 804,207 804,207 Time deposits Level 2 395,549 397,820 229,565 229,751 Short-term borrowings Level 2 27,493 27,350 12,853 12,617 Long-term borrowings Level 2 38,273 38,420 35,915 35,902 Accrued interest payable Level 2 443 443 142 142 |
Fair Value, Nonrecurring [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (In Thousands, Except Weighted- Percentages) Average Asset Balance at 6/30/19 Valuation Allowance at 6/30/19 Fair Value at 6/30/19 Valuation Technique Unobservable Inputs Discount at 6/30/19 Impaired loans: Residential mortgage loans - first and junior liens $ 508 $ 114 $ 394 Sales comparison Discount to appraised value 26 % Commercial: Commercial and industrial 75 75 0 Sales comparison Discount to appraised value 100 % Commercial and industrial 719 60 659 Liquidation of accounts receivable Discount to borrower's financial statement value 14 % Loans secured by farmland 483 48 435 Sales comparison Discount to appraised value 46 % Total impaired loans $ 1,785 $ 297 $ 1,488 Foreclosed assets held for sale - real estate: Residential (1-4 family) $ 368 $ 0 $ 368 Sales comparison Discount to appraised value 37 % Land 110 0 110 Sales comparison Discount to appraised value 61 % Commercial real estate 2,827 0 2,827 Sales comparison Discount to appraised value 30 % Total foreclosed assets held for sale $ 3,305 $ 0 $ 3,305 (In Thousands, Except Weighted- Percentages) Average Asset Balance at 12/31/18 Valuation Allowance at 12/31/18 Fair Value at 12/31/18 Valuation Technique Unobservable Inputs Discount at 12/31/18 Impaired loans: Residential mortgage loans - first and junior liens $ 509 $ 116 $ 393 Sales comparison Discount to appraised value 26 % Commercial: Commercial loans secured by real estate 2,515 781 1,734 Sales comparison Discount to appraised value 16 % Commercial and industrial 75 75 0 Sales comparison Discount to appraised value 100 % Commercial and industrial 1,265 584 681 Sales comparison Discount to borrower's financial statement value 36 % Loans secured by farmland 487 49 438 Sales comparison Discount to appraised value 56 % Total impaired loans $ 4,851 $ 1,605 $ 3,246 Foreclosed assets held for sale - real estate: Residential (1-4 family) $ 64 $ 0 $ 64 Sales comparison Discount to appraised value 68 % Land 110 0 110 Sales comparison Discount to appraised value 61 % Commercial real estate 1,529 0 1,529 Sales comparison Discount to appraised value 20 % Total foreclosed assets held for sale $ 1,703 $ 0 $ 1,703 |
Fair Value, Recurring [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Fair Value at 6/30/19 Valuation Unobservable Method or Value As of Asset (In Thousands) Technique Input(s) 6/30/19 Servicing rights $ 1,322 Discounted cash flow Discount rate 12.50 % Rate used through modeling period Loan prepayment speeds 147.00 % 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 12/31/18 Valuation Unobservable Method or Value As of Asset (In Thousands) Technique Input(s) 12/31/18 Servicing rights $ 1,404 Discounted cash flow Discount rate 12.50 % Rate used through modeling period Loan prepayment speeds 114.00 % 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 1 - Basis of Interim Pre_2
Note 1 - Basis of Interim Presentation and Status of Recent Accounting Pronouncements (Details Textual) - USD ($) | Jun. 30, 2019 | Jan. 01, 2019 | Jan. 01, 2018 | Dec. 31, 2017 | ||
Accounting Standards Update 2016-02 [Member] | ||||||
Operating Lease, Right-of-Use Asset | $ 1,760,000 | $ 1,132,000 | ||||
Operating Lease, Liability, Total | $ 1,760,000 | $ 113,200 | ||||
Accounting Standards Update 2018-02 [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | [1] | $ 0 | ||||
Accounting Standards Update 2018-02 [Member] | Retained Earnings [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 325,000 | 325,000 | [1] | |||
Accounting Standards Update 2018-02 [Member] | AOCI Attributable to Parent [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (325,000) | (325,000) | [1] | |||
Accounting Standards Update 2017-08 [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | [2] | 0 | ||||
Accounting Standards Update 2017-08 [Member] | Retained Earnings [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (26,000) | (26,000) | [2] | |||
Accounting Standards Update 2017-08 [Member] | AOCI Attributable to Parent [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | 26,000 | 26,000 | [2] | |||
Accounting Standards Update 2016-01 [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | [3] | 0 | ||||
Accounting Standards Update 2016-01 [Member] | Retained Earnings [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (22,000) | (22,000) | [3] | |||
Accounting Standards Update 2016-01 [Member] | AOCI Attributable to Parent [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 22,000 | $ 22,000 | [3] | |||
[1] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of Accounting Standards Update (ASU) 2018-02, Reclassification of Certain tax Effects from Accumulated Other Comprehensive Income, effective January 1, 2018. | |||||
[2] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20), effective January 1, 2018. | |||||
[3] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of ASU 2016-01, Recognition and Measurement of Financial Assets and Liabilities, effective January 1, 2018. |
Note 2 - Business Combination_3
Note 2 - Business Combination - Monument Bancorp, Inc. (Details Textual) - USD ($) | Apr. 01, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Goodwill, Ending Balance | $ 28,618,000 | $ 11,942,000 | $ 28,618,000 | $ 11,942,000 | $ 11,942,000 | $ 11,942,000 | |
Business Combination, Acquisition Related Costs | 3,301,000 | $ 0 | 3,612,000 | $ 0 | |||
Business Combination, Acquisition Related Costs, Net of Tax | $ 2,628,000 | 3,270,000 | |||||
Business Combination, Acquisition Related Costs Including Costs Incurred by Acquiree | 4,078,000 | ||||||
Monument Bancorp, Inc [Member] | |||||||
Business Combination, Acquisition Related Costs | $ 466,000 | ||||||
Monument Bancorp, Inc [Member] | |||||||
Business Combination, Consideration Transferred, Total | $ 42,651,000 | ||||||
Payments to Acquire Businesses, Cash, Net of Stock Issuance Costs | $ 9,517,000 | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,279,825 | ||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 32,953,000 | ||||||
Business Combination, Consideration Transferred, Equity Interest Issuance Costs | 181,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total | 374,922,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total | 348,947,000 | ||||||
Goodwill, Ending Balance | 16,676,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debt | 12,375,000 | ||||||
Monument Bancorp, Inc [Member] | Subordinated debt, Redeemed April 1, 2019 [Member] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debt | 5,375,000 | ||||||
Monument Bancorp, Inc [Member] | Subordinated debt, Redeemed April 1, 2022 [Member] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Subordinated Debt | 7,000,000 | ||||||
Monument Bancorp, Inc [Member] | Core Deposits [Member] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | $ 1,461,000 | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 4 years 146 days | ||||||
Monument Bancorp, Inc [Member] | Federal Home Loan Bank of Pittsburgh [Member] | |||||||
Federal Home Loan Bank Stock | $ 5,478,000 |
Note 2 - Business Combination_4
Note 2 - Business Combination - Monument Bancorp, Inc. - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) | Apr. 01, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Cash | $ 1,778,000 | $ 0 | |||
Goodwill, Ending Balance | $ 28,618,000 | $ 11,942,000 | $ 11,942,000 | $ 11,942,000 | |
Monument Bancorp, Inc [Member] | |||||
Cash | $ 9,698,000 | ||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | 32,953,000 | ||||
Total consideration transferred | 42,651,000 | ||||
Cash and cash equivalents | 7,920,000 | ||||
Available-for-sale debt securities | 94,568,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | 259,295,000 | ||||
Accrued interest receivable | 1,593,000 | ||||
Bank premises and equipment | 1,465,000 | ||||
Foreclosed assets held for sale | 1,064,000 | ||||
Deferred tax asset, net | 664,000 | ||||
Core deposit intangible | 1,461,000 | ||||
Goodwill, Ending Balance | 16,676,000 | ||||
Other assets | 6,892,000 | ||||
Deposits | (223,303,000) | ||||
Short-term borrowings | (111,568,000) | ||||
Subordinated debt | (12,375,000) | ||||
Accrued interest and other liabilities | (1,701,000) | ||||
Estimated excess fair value of assets acquired over liabilities assumed | $ 42,651,000 |
Note 2 - Business Combination_5
Note 2 - Business Combination - Monument Bancorp, Inc. - Loans Acquired (Details) - Monument Bancorp, Inc [Member] - USD ($) | Jun. 30, 2019 | Apr. 01, 2019 |
Loans acquired | $ 259,295,000 | |
Residential Portfolio Segment [Member] | ||
Loans acquired | 113,339,000 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans acquired | 107,722,000 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans acquired | 2,433,000 | |
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans acquired | 2,674,000 | |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans acquired | 510,000 | |
Commercial Portfolio Segment [Member] | ||
Loans acquired | 144,968,000 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans acquired | 114,185,000 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans acquired | 4,617,000 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans acquired | 7,571,000 | |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans acquired | 267,000 | |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans acquired | 17,493,000 | |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans acquired | 835,000 | |
Consumer Portfolio Segment [Member] | ||
Loans acquired | 988,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | ||
Loans acquired | 258,854,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Residential Portfolio Segment [Member] | ||
Loans acquired | 113,262,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans acquired | 107,645,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans acquired | 2,433,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans acquired | 2,674,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans acquired | 510,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | ||
Loans acquired | 144,604,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans acquired | 113,821,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans acquired | 4,617,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans acquired | 7,571,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans acquired | 267,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans acquired | 17,493,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans acquired | 835,000 | |
Financial Asset Acquired and No Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | ||
Loans acquired | 988,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans acquired | $ 441,000 | 441,000 |
Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | ||
Loans acquired | 77,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans acquired | 77,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans acquired | 0 | |
Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans acquired | 0 | |
Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans acquired | 0 | |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | ||
Loans acquired | 364,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans acquired | 364,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans acquired | 0 | |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans acquired | 0 | |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans acquired | 0 | |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans acquired | 0 | |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans acquired | 0 | |
Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | ||
Loans acquired | $ 0 |
Note 2 - Business Combination_6
Note 2 - Business Combination - Monument Bancorp, Inc. - Fair Value Adjustments on Loans Acquired (Details) - USD ($) | Jun. 30, 2019 | Apr. 01, 2019 |
Credit fair value adjustment on non-credit impaired loans | $ (1,653,000) | |
Monument Bancorp, Inc [Member] | ||
Gross amortized cost at acquisition | $ 263,334,000 | |
Market rate adjustment | (1,658,000) | (1,807,000) |
Credit fair value adjustment on non-credit impaired loans | (1,653,000) | (1,914,000) |
Credit fair value adjustment on impaired loans | $ (315,000) | (318,000) |
Estimated fair value of acquired loans | $ 259,295,000 |
Note 2 - Business Combination_7
Note 2 - Business Combination - Monument Bancorp, Inc. - Pro Forma Information (Details) - Monument Bancorp, Inc [Member] - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Interest income | $ 17,012 | $ 16,511 | $ 34,466 | $ 32,053 |
Interest expense | 2,730 | 2,511 | 5,861 | 4,764 |
Net interest income | 14,282 | 14,000 | 28,605 | 27,289 |
(Credit) provision for loan losses | (4) | (10) | (916) | 277 |
Net interest income after (credit) provision for loan losses | 14,286 | 14,010 | 29,521 | 27,012 |
Noninterest income | 4,849 | 4,739 | 9,271 | 9,172 |
Net gains on securities | 7 | 1,468 | 7 | 2,198 |
Other noninterest expenses | 11,464 | 11,524 | 23,883 | 23,092 |
Income before income tax provision | 7,678 | 8,693 | 14,916 | 15,290 |
Income tax provision | 1,373 | 1,573 | 2,600 | 2,613 |
Net income | $ 6,305 | $ 7,120 | $ 12,316 | $ 12,677 |
Earnings per common share - basic (in dollars per share) | $ 0.46 | $ 0.53 | $ 0.90 | $ 0.94 |
Earnings per common share - diluted (in dollars per share) | $ 0.46 | $ 0.52 | $ 0.90 | $ 0.93 |
Note 3 - Per Share Data (Detail
Note 3 - Per Share Data (Details Textual) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | 0 | 0 |
Note 3 - Per Share Data - Net I
Note 3 - Per Share Data - Net Income Per Share (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Net income | $ 3,649,000 | $ 6,371,000 | $ 8,739,000 | $ 10,746,000 | |
Less: Dividends and undistributed earnings allocated to participating securities | (19,000) | (32,000) | (46,000) | (55,000) | |
Net income attributable to common shares | $ 3,630,000 | $ 6,339,000 | $ 8,693,000 | $ 10,691,000 | |
Basic weighted-average common shares outstanding (in shares) | 13,597,848 | 12,210,902 | 12,956,916 | 12,200,245 | |
Basic earnings per common share (a) (in dollars per share) | [1] | $ 0.27 | $ 0.52 | $ 0.67 | $ 0.88 |
Net income attributable to common shares | $ 3,630,000 | $ 6,339,000 | $ 8,693,000 | $ 10,691,000 | |
Dilutive effect of potential common stock arising from stock options (in shares) | 25,106 | 37,243 | 25,445 | 36,273 | |
Diluted weighted-average common shares outstanding (in shares) | 13,622,954 | 12,248,145 | 12,982,361 | 12,236,518 | |
Diluted earnings per common share (a) (in dollars per share) | [1] | $ 0.27 | $ 0.52 | $ 0.67 | $ 0.87 |
Weighted-average nonvested restricted shares outstanding (in shares) | 70,366 | 61,172 | 68,016 | 63,175 | |
[1] | Basic and diluted earnings per share under the two-class method are determined on net income reported on the consolidated statements of income, less earnings allocated to non-vested restricted shares with nonforfeitable dividends (participating securities). |
Note 4 - Comprehensive Income -
Note 4 - Comprehensive Income - Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Unrealized holding gains (losses) on available-for-sale securities, before tax amount | $ 5,170 | $ (1,292) | $ 9,431 | $ (6,131) |
Unrealized holding gains (losses) on available-for-sale securities, income tax effect | (1,085) | 272 | (1,980) | 1,287 |
Unrealized holding (income) losses on available-for-sale securities, net of tax amount | 4,085 | (1,020) | 7,451 | (4,844) |
Reclassification adjustment for losses realized in income, before tax amount | (7) | 282 | (7) | 282 |
Reclassification adjustment for losses realized in income, income tax effect | 1 | (59) | 1 | (59) |
Reclassification adjustment for losses realized in income, net of tax amount | (6) | 223 | (6) | 223 |
Other comprehensive income (loss) on available-for-sale securities, before tax amount | 5,163 | (1,010) | 9,424 | (5,849) |
Other comprehensive income on available-for-sale securities, income tax effect | (1,084) | 213 | (1,979) | 1,228 |
Other comprehensive income on available-for-sale securities, net of tax amount | 4,079 | (797) | 7,445 | (4,621) |
Changes from plan amendments and actuarial gains and losses included in other comprehensive income, before tax amount | 0 | 0 | 214 | 93 |
Changes from plan amendments and actuarial gains and losses included in other comprehensive income, income tax effect | 0 | 0 | (45) | (19) |
Changes from plan amendments and actuarial gains and losses included in other comprehensive income, net of tax amount | 0 | 0 | 169 | 74 |
Amortization of prior service cost and net actuarial gain included in net periodic benefit cost, before tax amount | (7) | (5) | (15) | (10) |
Amortization of prior service cost and net actuarial gain included in net periodic benefit cost, income tax effect | 1 | 1 | 3 | 2 |
Amortization of prior service cost and net actuarial gain included in net periodic benefit cost, net of tax amount | (6) | (4) | (12) | (8) |
Other comprehensive (income) loss on unfunded retirement obligations, before tax amount | (7) | (5) | 199 | 83 |
Other comprehensive income (loss) on unfunded retirement obligations, income tax effect | 1 | 1 | (42) | (17) |
Other comprehensive income (loss) on unfunded retirement obligations, net of tax amount | (6) | (4) | 157 | 66 |
Total other comprehensive income, before tax amount | 5,156 | (1,015) | 9,623 | (5,766) |
Total other comprehensive income, income tax effect | (1,083) | 214 | (2,021) | 1,211 |
Total other comprehensive income, net of tax amount | 4,073 | (801) | 7,602 | (4,555) |
Unrealized holding gains (losses) on available-for-sale securities, before tax amount | (5,170) | 1,292 | (9,431) | 6,131 |
Unrealized holding gains (losses) on available-for-sale securities, income tax effect | (1,085) | 272 | (1,980) | 1,287 |
Other comprehensive income (loss) on unfunded retirement obligations, income tax effect | 1 | 1 | (42) | (17) |
Reclassification adjustment for losses realized in income, income tax effect | $ (1) | $ 59 | $ (1) | $ 59 |
Note 4 - Comprehensive Income_2
Note 4 - Comprehensive Income - Changes in the Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Balance, beginning of period | $ 197,368 | $ 188,443 | |||
Other comprehensive (loss) income | $ 4,073 | $ (801) | 7,602 | (4,555) | |
Balance, end of period | 239,716 | 189,179 | 239,716 | 189,179 | |
Accounting Standards Update 2018-02 [Member] | |||||
Impact of accounting standards change | [1] | 0 | |||
Accounting Standards Update 2017-08 [Member] | |||||
Impact of accounting standards change | [2] | 0 | |||
Accounting Standards Update 2016-01 [Member] | |||||
Impact of accounting standards change | [3] | 0 | |||
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | |||||
Balance, beginning of period | (941) | (5,679) | (4,307) | (1,566) | |
Other comprehensive (loss) income | 4,079 | (797) | 7,445 | (4,621) | |
Balance, end of period | 3,138 | (6,476) | 3,138 | (6,476) | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Accounting Standards Update 2018-02 [Member] | |||||
Impact of accounting standards change | (337) | ||||
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Accounting Standards Update 2017-08 [Member] | |||||
Impact of accounting standards change | 26 | ||||
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Accounting Standards Update 2016-01 [Member] | |||||
Impact of accounting standards change | 22 | ||||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||||
Balance, beginning of period | 300 | 141 | 137 | 59 | |
Other comprehensive (loss) income | (6) | (4) | 157 | 66 | |
Balance, end of period | 294 | 137 | 294 | 137 | |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Accounting Standards Update 2018-02 [Member] | |||||
Impact of accounting standards change | 12 | ||||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Accounting Standards Update 2017-08 [Member] | |||||
Impact of accounting standards change | 0 | ||||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Accounting Standards Update 2016-01 [Member] | |||||
Impact of accounting standards change | 0 | ||||
AOCI Attributable to Parent [Member] | |||||
Balance, beginning of period | (641) | (5,538) | (4,170) | (1,507) | |
Other comprehensive (loss) income | 4,073 | (801) | 7,602 | (4,555) | |
Balance, end of period | $ 3,432 | $ (6,339) | $ 3,432 | (6,339) | |
AOCI Attributable to Parent [Member] | Accounting Standards Update 2018-02 [Member] | |||||
Impact of accounting standards change | [1] | (325) | |||
AOCI Attributable to Parent [Member] | Accounting Standards Update 2017-08 [Member] | |||||
Impact of accounting standards change | [2] | 26 | |||
AOCI Attributable to Parent [Member] | Accounting Standards Update 2016-01 [Member] | |||||
Impact of accounting standards change | [3] | $ 22 | |||
[1] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of Accounting Standards Update (ASU) 2018-02, Reclassification of Certain tax Effects from Accumulated Other Comprehensive Income, effective January 1, 2018. | ||||
[2] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20), effective January 1, 2018. | ||||
[3] | As described in more detail in the Recent Accounting Pronouncements - Adopted section of Note 1, this reclassification resulted from adoption of ASU 2016-01, Recognition and Measurement of Financial Assets and Liabilities, effective January 1, 2018. |
Note 4 - Comprehensive Income_3
Note 4 - Comprehensive Income - Amounts Reclassified Out of Each Component of OCI (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Income tax provision | $ 693 | $ 1,377 | $ 1,674 | $ 2,118 |
Net income | (3,649) | (6,371) | (8,739) | (10,746) |
Total before tax | 4,342 | 7,748 | 10,413 | 12,864 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Net income | (12) | 219 | (18) | 215 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||||
Unrealized gains and losses on available-for-sale debt securities | (7) | 282 | (7) | 282 |
Income tax provision | 1 | (59) | 1 | (59) |
Net income | (6) | 223 | (6) | 223 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||
Income tax provision | (6) | 1 | (12) | 2 |
Net income | (4) | (8) | ||
Prior service cost | (7) | (8) | (15) | (16) |
Total before tax | $ 1 | (5) | $ 3 | (10) |
Actuarial loss | $ 3 | $ 6 |
Note 5 - Cash and Due From Ba_3
Note 5 - Cash and Due From Banks (Details Textual) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Restricted Cash and Cash Equivalents, Current, Total | $ 17,335,000 | $ 18,141,000 |
Note 5 - Cash and Due From Ba_4
Note 5 - Cash and Due From Banks - Summary of Cash and Due From Banks (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Cash and cash equivalents | $ 34,945 | $ 32,827 |
Certificates of deposit | 4,560 | 4,660 |
Total cash and due from banks | $ 39,505 | $ 37,487 |
Note 6 - Securities (Details Te
Note 6 - Securities (Details Textual) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2018USD ($)$ / sharesshares | Jun. 30, 2019USD ($) | Mar. 31, 2019USD ($) | Sep. 30, 2018USD ($)shares | Jun. 30, 2018USD ($)shares | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($)shares | Dec. 31, 2018USD ($) | |
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Recognized in Earnings | $ 0 | $ 282,000 | $ 0 | $ 282,000 | ||||
Debt Securities, Available-for-sale, Realized Loss | 329,000 | |||||||
Proceeds from Sale of Debt Securities, Available-for-sale | 17,858,000 | |||||||
Equity Securities, FV-NI | 976,000 | 976,000 | $ 950,000 | |||||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | 14,000 | 858,000 | 26,000 | 843,000 | ||||
Equity Securities, FV-NI, Gain (Loss), Total | 14,000 | 1,742,000 | 26,000 | 1,727,000 | ||||
Other Assets [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||||||||
Federal Home Loan Bank Stock | $ 7,485,000 | $ 7,485,000 | $ 5,582,000 | |||||
Mutual Fund [Member] | ||||||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 1 | 1 | 1 | |||||
Equity Securities Unrealized Loss Cumulative Amount | $ (24,000) | $ (24,000) | $ (50,000) | |||||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | 14,000 | (8,000) | 26,000 | $ (23,000) | ||||
FHLB Stock [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||||||||
Other than Temporary Impairment Losses, Investments, Total | $ 0 | 0 | ||||||
Visa Class B Stock [Member] | ||||||||
Equity Securities, FV-NI, Gain (Loss), Total | $ 1,750,000 | |||||||
Number of Restricted Securities Hold | shares | 19,789 | 19,789 | 19,789 | |||||
Equity Securities, FV-NI, Restricted | $ 0 | $ 0 | $ 0 | |||||
Number of Restricted Securities Sold | shares | 10,000 | 9,789 | ||||||
Restricted Securities Sold, Price Per Share | $ / shares | $ 88.43 | |||||||
Accrued Sale of Restricted Equity Security | $ 1,437,000 | |||||||
Equity Securities, FV-NI, Realized Gain | $ 571,000 | |||||||
Investment Securities [Member] | ||||||||
Debt Securities, Available-for-sale, Restricted | $ 211,400,000 | $ 211,400,000 | $ 229,418,000 |
Note 6 - Securities - Available
Note 6 - Securities - Available-for-sale Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Available-for-sale securities, amortized cost | $ 359,493 | $ 368,725 |
Available-for-sale securities, gross unrealized holding gains | 5,250 | 1,778 |
Available-for-sale securities, gross unrealized holding losses | (1,278) | (7,230) |
Available-for-sale debt securities, at fair value | 363,465 | 363,273 |
US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 16,918 | 12,331 |
Available-for-sale securities, gross unrealized holding gains | 652 | 169 |
Available-for-sale securities, gross unrealized holding losses | 0 | 0 |
Available-for-sale debt securities, at fair value | 17,570 | 12,500 |
Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities, amortized cost | 73,897 | 84,204 |
Available-for-sale securities, gross unrealized holding gains | 1,676 | 949 |
Available-for-sale securities, gross unrealized holding losses | (74) | (1,201) |
Available-for-sale debt securities, at fair value | 75,499 | 83,952 |
Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities, amortized cost | 30,591 | 27,618 |
Available-for-sale securities, gross unrealized holding gains | 927 | 208 |
Available-for-sale securities, gross unrealized holding losses | (9) | (127) |
Available-for-sale debt securities, at fair value | 31,509 | 27,699 |
Residential Pass-Through Securities [Member] | ||
Available-for-sale securities, amortized cost | 55,098 | 54,827 |
Available-for-sale securities, gross unrealized holding gains | 365 | 48 |
Available-for-sale securities, gross unrealized holding losses | (322) | (1,430) |
Available-for-sale debt securities, at fair value | 55,141 | 53,445 |
Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities, amortized cost | 139,513 | 148,964 |
Available-for-sale securities, gross unrealized holding gains | 610 | 238 |
Available-for-sale securities, gross unrealized holding losses | (639) | (3,290) |
Available-for-sale debt securities, at fair value | 139,484 | 145,912 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 43,476 | 40,781 |
Available-for-sale securities, gross unrealized holding gains | 1,020 | 166 |
Available-for-sale securities, gross unrealized holding losses | (234) | (1,182) |
Available-for-sale debt securities, at fair value | $ 44,262 | $ 39,765 |
Note 6 - Securities - Availab_2
Note 6 - Securities - Available-for-sale Securities With Unrealized Loss Positions (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | $ 0 | $ 13,548 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | 0 | (25) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 115,562 | 220,625 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (1,278) | (7,205) |
Available-for-sale securities with unrealized loss positions, fair value | 115,562 | 234,173 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (1,278) | (7,230) |
Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 0 | 5,084 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | 0 | (11) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 10,872 | 32,684 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (74) | (1,190) |
Available-for-sale securities with unrealized loss positions, fair value | 10,872 | 37,768 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (74) | (1,201) |
Obligations of States and Political Subdivisions Taxable [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 0 | 980 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | 0 | (2) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 3,790 | 11,418 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (9) | (125) |
Available-for-sale securities with unrealized loss positions, fair value | 3,790 | 12,398 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (9) | (127) |
Residential Pass-Through Securities [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 0 | 5,592 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | 0 | (4) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 35,572 | 42,309 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (322) | (1,426) |
Available-for-sale securities with unrealized loss positions, fair value | 35,572 | 47,901 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (322) | (1,430) |
Residential Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 0 | 1,892 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | 0 | (8) |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 56,230 | 101,662 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (639) | (3,282) |
Available-for-sale securities with unrealized loss positions, fair value | 56,230 | 103,554 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | (639) | (3,290) |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 0 | 0 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | 0 | 0 |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 9,098 | 32,552 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | (234) | (1,182) |
Available-for-sale securities with unrealized loss positions, fair value | 9,098 | 32,552 |
Available-for-sale securities, with unrealized loss positions, unrealized losses | $ (234) | $ (1,182) |
Note 6 - Securities - Gross Rea
Note 6 - Securities - Gross Realized Gains and Losses From Available-for-sale Securities (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Gross realized gains from sales | $ 7,000 | $ 0 | $ 7,000 | $ 0 |
Losses from other-than-temporary impairment | 0 | (282,000) | 0 | (282,000) |
Net realized gains (losses) | $ 7,000 | $ (282,000) | $ 7,000 | $ (282,000) |
Note 6 - Securities - Availab_3
Note 6 - Securities - Available-for-sale Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Due in one year or less, amortized cost | $ 11,329 | |
Due in one year or less, fair value | 11,372 | |
Due from one year through five years. amortized cost | 37,122 | |
Due from one year through five years, fair value | 37,822 | |
Due from five years through ten years, amortized cost | 42,498 | |
Due from five years through ten years, fair value | 43,451 | |
Due after ten years, amortized cost | 30,457 | |
Due after ten years, fair value | 31,933 | |
Sub-total, amortized cost | 121,406 | |
Sub-total, fair value | 124,578 | |
Total, amortized cost | 359,493 | $ 368,725 |
Total, fair value | 363,465 | 363,273 |
Residential Pass-Through Securities [Member] | ||
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost | 55,098 | |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value | 55,141 | |
Total, amortized cost | 55,098 | 54,827 |
Total, fair value | 55,141 | 53,445 |
Residential Collateralized Mortgage Obligations [Member] | ||
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost | 139,513 | |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value | 139,484 | |
Total, amortized cost | 139,513 | 148,964 |
Total, fair value | 139,484 | $ 145,912 |
Commercial Mortgage-backed Securities [Member] | ||
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, amortized cost | 43,476 | |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies, fair value | $ 44,262 |
Note 6 - Securities - Summary o
Note 6 - Securities - Summary of Gains (Losses) on Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Net gains recognized during the period on equity securities | $ 14 | $ 1,742 | $ 26 | $ 1,727 |
Less: net gains recognized during the period on equity securities sold during the period | 0 | (884) | 0 | (884) |
Unrealized gains recognized during the period on equity securities still held at the reporting date | $ 14 | $ 858 | $ 26 | $ 843 |
Note 7 - Loans (Details Textual
Note 7 - Loans (Details Textual) xbrli-pure in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2018USD ($) | Apr. 01, 2019USD ($) | Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | $ 2,063,000 | $ 2,063,000 | $ 1,999,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Credit Fair Value Adjustment on Non-credit Impaired Loans | (1,653,000) | (1,653,000) | |||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 8,200,000 | $ 8,831,000 | 8,200,000 | $ 8,831,000 | 9,309,000 | $ 8,256,000 | $ 9,049,000 | $ 8,856,000 | |
Provision for Loan, Lease, and Other Losses, Total | (4,000) | (20,000) | (961,000) | $ 272,000 | |||||
Financing Receivable Individually Evaluated for Impairment Estimated Loss Trigger | 100,000 | 100,000 | |||||||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 0 | $ 0 | 0 | ||||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | |||||||
Unallocated Financing Receivables [Member] | |||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 585,000 | 499,000 | $ 585,000 | $ 499,000 | 499,000 | 585,000 | 499,000 | 499,000 | |
Provision for Loan, Lease, and Other Losses, Total | 199,000 | 272,000 | |||||||
Commercial Portfolio Segment [Member] | |||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 3,388,000 | 4,181,000 | 3,388,000 | 4,181,000 | 4,591,000 | 3,444,000 | 4,433,000 | 4,235,000 | |
Commercial Portfolio Segment [Member] | Maximum [Member] | |||||||||
Financing Receivable Individually Evaluated for Impairment Threshold With Estimated Loss | 200,000 | 200,000 | |||||||
Commercial Portfolio Segment [Member] | Two Commercial Loans [Member] | |||||||||
Provision for Loan, Lease, and Other Losses, Total | 1,365,000 | ||||||||
Residential Portfolio Segment [Member] | |||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 3,963,000 | $ 3,947,000 | 3,963,000 | $ 3,947,000 | 3,986,000 | $ 3,991,000 | $ 3,943,000 | $ 3,963,000 | |
Residential Portfolio Segment [Member] | Maximum [Member] | |||||||||
Financing Receivable Individually Evaluated for Impairment Threshold With Estimated Loss | 400,000 | 400,000 | |||||||
Financial Asset Acquired with Credit Deterioration [Member] | |||||||||
Provision for Loan, Lease, and Other Losses, Total | (1,160,000) | ||||||||
Unfunded Loan Commitments [Member] | |||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 0 | $ 0 | $ 0 | ||||||
Loans Receivable 1 [Member] | Credit Availability Concentration Risk [Member] | |||||||||
Concentration Risk, Percentage | 0.00% | 0.00% | |||||||
Monument Bancorp, Inc [Member] | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | $ 259,295,000 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Market Rate Adjustment | (1,658,000) | $ (1,658,000) | (1,807,000) | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Credit Fair Value Adjustment on Non-credit Impaired Loans | (1,653,000) | (1,653,000) | (1,914,000) | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Credit Fair Value Adjustment on Impaired Loans | (315,000) | (315,000) | (318,000) | ||||||
Accretion of Market Rate Adjustment | 149,000 | ||||||||
Accretion of Credit Fair Value Adjustment on Non-Impaired Loans | 261,000 | ||||||||
Allowance for Loan and Lease Loss, Recovery of Bad Debts | 3,000 | ||||||||
Monument Bancorp, Inc [Member] | Commercial Portfolio Segment [Member] | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | 144,968,000 | ||||||||
Monument Bancorp, Inc [Member] | Residential Portfolio Segment [Member] | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | 113,339,000 | ||||||||
Monument Bancorp, Inc [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | $ 441,000 | 441,000 | 441,000 | ||||||
Allowance for Loan and Lease Losses, Loans Acquired | $ 1,914,000 | ||||||||
Monument Bancorp, Inc [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | 364,000 | ||||||||
Monument Bancorp, Inc [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | $ 77,000 |
Note 7 - Loans - Loans Receivab
Note 7 - Loans - Loans Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Loans receivable | $ 1,116,683 | $ 827,563 | ||||
Allowance for loan losses | (8,200) | $ (8,256) | (9,309) | $ (8,831) | $ (9,049) | $ (8,856) |
Loans, net | 1,108,483 | 818,254 | ||||
Residential Portfolio Segment [Member] | ||||||
Loans receivable | 576,577 | 456,806 | ||||
Allowance for loan losses | (3,963) | (3,991) | (3,986) | (3,947) | (3,943) | (3,963) |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||||||
Loans receivable | 484,479 | 372,339 | ||||
Allowance for loan losses | (3,130) | (3,178) | (3,156) | (3,055) | (3,067) | (3,200) |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||||||
Loans receivable | 28,880 | 25,450 | ||||
Allowance for loan losses | (333) | (329) | (325) | (353) | (351) | (224) |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||||||
Loans receivable | 35,224 | 34,319 | ||||
Allowance for loan losses | (280) | (286) | (302) | (292) | (286) | (296) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans receivable | 27,994 | 24,698 | ||||
Allowance for loan losses | (220) | (198) | (203) | (247) | (239) | (243) |
Commercial Portfolio Segment [Member] | ||||||
Loans receivable | 520,307 | 353,627 | ||||
Allowance for loan losses | (3,388) | (3,444) | (4,591) | (4,181) | (4,433) | (4,235) |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Loans receivable | 279,267 | 162,611 | ||||
Allowance for loan losses | (1,577) | (1,887) | (2,538) | (2,613) | (2,635) | (2,584) |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans receivable | 21,197 | 11,962 | ||||
Allowance for loan losses | (152) | (114) | (110) | (135) | (137) | (150) |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans receivable | 115,264 | 91,856 | ||||
Allowance for loan losses | (1,246) | (1,069) | (1,553) | (973) | (1,036) | (1,065) |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||||||
Loans receivable | 52,308 | 53,263 | ||||
Allowance for loan losses | 0 | 0 | ||||
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||||||
Loans receivable | 7,251 | 7,146 | ||||
Allowance for loan losses | (102) | (98) | (102) | (106) | (102) | (105) |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||||||
Loans receivable | 26,749 | 7,180 | ||||
Allowance for loan losses | (150) | (112) | (114) | (174) | (169) | (172) |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||||
Loans receivable | 5,234 | 5,659 | ||||
Allowance for loan losses | (42) | (43) | (46) | (46) | (205) | (57) |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||||||
Loans receivable | 13,037 | 13,950 | ||||
Allowance for loan losses | (119) | (121) | (128) | (134) | (149) | (102) |
Consumer Portfolio Segment [Member] | ||||||
Loans receivable | 19,799 | 17,130 | ||||
Allowance for loan losses | $ (264) | $ (236) | $ (233) | $ (204) | $ (174) | $ (159) |
Note 7 - Loans - Allowance for
Note 7 - Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Allowance for loan losses | $ 8,256 | $ 9,049 | $ 9,309 | $ 8,856 |
Allowance for loan losses, charge-offs | (68) | (211) | (179) | (326) |
Allowance for loan losses, recoveries | 16 | 13 | 31 | 29 |
Allowance for loan losses, provision | (4) | (20) | (961) | 272 |
Allowance for loan losses | 8,200 | 8,831 | 8,200 | 8,831 |
Residential Portfolio Segment [Member] | ||||
Allowance for loan losses | 3,991 | 3,943 | 3,986 | 3,963 |
Allowance for loan losses, charge-offs | (33) | (46) | (107) | (99) |
Allowance for loan losses, recoveries | 2 | 3 | 6 | 5 |
Allowance for loan losses, provision | 3 | 47 | 78 | 78 |
Allowance for loan losses | 3,963 | 3,947 | 3,963 | 3,947 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||||
Allowance for loan losses | 3,178 | 3,067 | 3,156 | 3,200 |
Allowance for loan losses, charge-offs | (33) | (34) | (83) | (87) |
Allowance for loan losses, recoveries | 1 | 1 | 2 | 2 |
Allowance for loan losses, provision | (16) | 21 | 55 | (60) |
Allowance for loan losses | 3,130 | 3,055 | 3,130 | 3,055 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||||
Allowance for loan losses | 329 | 351 | 325 | 224 |
Allowance for loan losses, charge-offs | 0 | 0 | (24) | 0 |
Allowance for loan losses, recoveries | 0 | 2 | 0 | 3 |
Allowance for loan losses, provision | 4 | 0 | 32 | 126 |
Allowance for loan losses | 333 | 353 | 333 | 353 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||||
Allowance for loan losses | 286 | 286 | 302 | 296 |
Allowance for loan losses, charge-offs | 0 | (12) | 0 | (12) |
Allowance for loan losses, recoveries | 1 | 0 | 4 | 0 |
Allowance for loan losses, provision | (7) | 18 | (26) | 8 |
Allowance for loan losses | 280 | 292 | 280 | 292 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||
Allowance for loan losses | 198 | 239 | 203 | 243 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision | 22 | 8 | 17 | 4 |
Allowance for loan losses | 220 | 247 | 220 | 247 |
Commercial Portfolio Segment [Member] | ||||
Allowance for loan losses | 3,444 | 4,433 | 4,591 | 4,235 |
Allowance for loan losses, charge-offs | (6) | (133) | (6) | (154) |
Allowance for loan losses, recoveries | 1 | 1 | 3 | 3 |
Allowance for loan losses, provision | (51) | (120) | (1,200) | 97 |
Allowance for loan losses | 3,388 | 4,181 | 3,388 | 4,181 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Allowance for loan losses | 1,887 | 2,635 | 2,538 | 2,584 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | (21) |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision | (310) | (22) | (961) | 50 |
Allowance for loan losses | 1,577 | 2,613 | 1,577 | 2,613 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Allowance for loan losses | 114 | 137 | 110 | 150 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision | 38 | (2) | 42 | (15) |
Allowance for loan losses | 152 | 135 | 152 | 135 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||
Allowance for loan losses | 1,069 | 1,036 | 1,553 | 1,065 |
Allowance for loan losses, charge-offs | (6) | (133) | (6) | (133) |
Allowance for loan losses, recoveries | 1 | 1 | 3 | 3 |
Allowance for loan losses, provision | 182 | 69 | (304) | 38 |
Allowance for loan losses | 1,246 | 973 | 1,246 | 973 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||||
Allowance for loan losses | 98 | 102 | 102 | 105 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision | 4 | 4 | 0 | 1 |
Allowance for loan losses | 102 | 106 | 102 | 106 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||||
Allowance for loan losses | 112 | 169 | 114 | 172 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision | 38 | 5 | 36 | 2 |
Allowance for loan losses | 150 | 174 | 150 | 174 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||
Allowance for loan losses | 43 | 205 | 46 | 57 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision | (1) | (159) | (4) | (11) |
Allowance for loan losses | 42 | 46 | 42 | 46 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||||
Allowance for loan losses | 121 | 149 | 128 | 102 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision | (2) | (15) | (9) | 32 |
Allowance for loan losses | 119 | 134 | 119 | 134 |
Consumer Portfolio Segment [Member] | ||||
Allowance for loan losses | 236 | 174 | 233 | 159 |
Allowance for loan losses, charge-offs | (29) | (32) | (66) | (73) |
Allowance for loan losses, recoveries | 13 | 9 | 22 | 21 |
Allowance for loan losses, provision | 44 | 53 | 75 | 97 |
Allowance for loan losses | 264 | 204 | 264 | 204 |
Unallocated Financing Receivables [Member] | ||||
Allowance for loan losses | 585 | 499 | 499 | 499 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision | 0 | 0 | 86 | 0 |
Allowance for loan losses | $ 585 | $ 499 | $ 585 | $ 499 |
Note 7 - Loans - Outstanding Lo
Note 7 - Loans - Outstanding Loans by Risk Rating (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Loans receivable | $ 1,116,683 | $ 827,563 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 441 | |
Residential Portfolio Segment [Member] | ||
Loans receivable | 576,577 | 456,806 |
Residential Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 77 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 484,479 | 372,339 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 77 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 28,880 | 25,450 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 35,224 | 34,319 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 27,994 | 24,698 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 520,307 | 353,627 |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 364 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 279,267 | 162,611 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 364 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 21,197 | 11,962 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 115,264 | 91,856 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans receivable | 52,308 | 53,263 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans receivable | 7,251 | 7,146 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 26,749 | 7,180 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 5,234 | 5,659 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 13,037 | 13,950 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 19,799 | 17,130 |
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans receivable | 0 | |
Pass [Member] | ||
Loans receivable | 1,076,041 | 800,551 |
Pass [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 566,314 | 446,605 |
Pass [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 475,592 | 363,407 |
Pass [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 28,289 | 24,841 |
Pass [Member] | Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 34,620 | 33,659 |
Pass [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 27,813 | 24,698 |
Pass [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 489,962 | 336,830 |
Pass [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 267,985 | 156,308 |
Pass [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 16,343 | 11,887 |
Pass [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 104,548 | 84,232 |
Pass [Member] | Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans receivable | 52,308 | 53,263 |
Pass [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans receivable | 4,953 | 5,171 |
Pass [Member] | Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 26,749 | 7,180 |
Pass [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 4,159 | 4,910 |
Pass [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 12,917 | 13,879 |
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable | 19,765 | 17,116 |
Special Mention [Member] | ||
Loans receivable | 19,511 | 7,394 |
Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 788 | 1,172 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 644 | 937 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 85 | 176 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 59 | 59 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 0 | 0 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 18,723 | 6,222 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 5,494 | 740 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 4,781 | 0 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 7,736 | 5,230 |
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 | 314 | 168 |
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 | 398 | 84 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 0 | 0 |
Special Mention [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable | 0 | 0 |
Substandard [Member] | ||
Loans receivable | 20,605 | 19,556 |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 9,313 | 8,978 |
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 8,081 | 7,944 |
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans receivable | 506 | 433 |
Substandard [Member] | Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans receivable | 545 | 601 |
Substandard [Member] | Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 181 | 0 |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 11,258 | 10,564 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 5,424 | 5,563 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 73 | 75 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans receivable | 2,980 | 2,394 |
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 | 1,984 | 1,796 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans receivable | 0 | 0 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans receivable | 677 | 665 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans receivable | 120 | 71 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable | 34 | 14 |
Doubtful [Member] | ||
Loans receivable | 85 | 62 |
Doubtful [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 85 | 51 |
Doubtful [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans receivable | 85 | 51 |
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 | 0 | 11 |
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 | 0 | 0 |
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 | 0 | 11 |
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 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Loans receivable: individually evaluated | $ 6,264 | $ 9,774 | ||||
Loans receivable: collectively evaluated | 858,642 | 817,789 | ||||
Loans receivable | 1,116,683 | 827,563 | ||||
Allowance for loan losses: individually evaluated | 297 | 1,605 | ||||
Allowance for loan losses: collectively evaluated | 7,318 | 7,205 | ||||
Allowance for loan losses | 8,200 | $ 8,256 | 9,309 | $ 8,831 | $ 9,049 | $ 8,856 |
Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 251,777 | |||||
Residential Portfolio Segment [Member] | ||||||
Loans receivable: individually evaluated | 1,259 | 1,284 | ||||
Loans receivable: collectively evaluated | 462,995 | 455,522 | ||||
Loans receivable | 576,577 | 456,806 | ||||
Allowance for loan losses: individually evaluated | 114 | 116 | ||||
Allowance for loan losses: collectively evaluated | 3,849 | 3,870 | ||||
Allowance for loan losses | 3,963 | 3,991 | 3,986 | 3,947 | 3,943 | 3,963 |
Residential Portfolio Segment [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 112,323 | |||||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||||||
Loans receivable: individually evaluated | 970 | 991 | ||||
Loans receivable: collectively evaluated | 376,837 | 371,348 | ||||
Loans receivable | 484,479 | 372,339 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 3,130 | 3,156 | ||||
Allowance for loan losses | 3,130 | 3,178 | 3,156 | 3,055 | 3,067 | 3,200 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 106,672 | |||||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||||||
Loans receivable: individually evaluated | 289 | 293 | ||||
Loans receivable: collectively evaluated | 26,113 | 25,157 | ||||
Loans receivable | 28,880 | 25,450 | ||||
Allowance for loan losses: individually evaluated | 114 | 116 | ||||
Allowance for loan losses: collectively evaluated | 219 | 209 | ||||
Allowance for loan losses | 333 | 329 | 325 | 353 | 351 | 224 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 2,478 | |||||
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||||||
Loans receivable: individually evaluated | 0 | 0 | ||||
Loans receivable: collectively evaluated | 32,490 | 34,319 | ||||
Loans receivable | 35,224 | 34,319 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 280 | 302 | ||||
Allowance for loan losses | 280 | 286 | 302 | 292 | 286 | 296 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 2,734 | |||||
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans receivable: individually evaluated | 0 | 0 | ||||
Loans receivable: collectively evaluated | 27,555 | 24,698 | ||||
Loans receivable | 27,994 | 24,698 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 220 | 203 | ||||
Allowance for loan losses | 220 | 198 | 203 | 247 | 239 | 243 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 439 | |||||
Commercial Portfolio Segment [Member] | ||||||
Loans receivable: individually evaluated | 5,005 | 8,473 | ||||
Loans receivable: collectively evaluated | 376,836 | 345,154 | ||||
Loans receivable | 520,307 | 353,627 | ||||
Allowance for loan losses: individually evaluated | 183 | 1,489 | ||||
Allowance for loan losses: collectively evaluated | 3,205 | 3,102 | ||||
Allowance for loan losses | 3,388 | 3,444 | 4,591 | 4,181 | 4,433 | 4,235 |
Commercial Portfolio Segment [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 138,466 | |||||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Loans receivable: individually evaluated | 1,649 | 4,302 | ||||
Loans receivable: collectively evaluated | 166,555 | 158,309 | ||||
Loans receivable | 279,267 | 162,611 | ||||
Allowance for loan losses: individually evaluated | 0 | 781 | ||||
Allowance for loan losses: collectively evaluated | 1,577 | 1,757 | ||||
Allowance for loan losses | 1,577 | 1,887 | 2,538 | 2,613 | 2,635 | 2,584 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 111,063 | |||||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans receivable: individually evaluated | 0 | 0 | ||||
Loans receivable: collectively evaluated | 16,079 | 11,962 | ||||
Loans receivable | 21,197 | 11,962 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 152 | 110 | ||||
Allowance for loan losses | 152 | 114 | 110 | 135 | 137 | 150 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 5,118 | |||||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||||
Loans receivable: individually evaluated | 1,230 | 2,157 | ||||
Loans receivable: collectively evaluated | 110,026 | 89,699 | ||||
Loans receivable | 115,264 | 91,856 | ||||
Allowance for loan losses: individually evaluated | 135 | 659 | ||||
Allowance for loan losses: collectively evaluated | 1,111 | 894 | ||||
Allowance for loan losses | 1,246 | 1,069 | 1,553 | 973 | 1,036 | 1,065 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 4,008 | |||||
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||||||
Loans receivable: individually evaluated | 0 | 0 | ||||
Loans receivable: collectively evaluated | 52,308 | 53,263 | ||||
Loans receivable | 52,308 | 53,263 | ||||
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] | Political Subdivisions [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 0 | |||||
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||||||
Loans receivable: individually evaluated | 1,531 | 1,349 | ||||
Loans receivable: collectively evaluated | 5,456 | 5,797 | ||||
Loans receivable | 7,251 | 7,146 | ||||
Allowance for loan losses: individually evaluated | 48 | 49 | ||||
Allowance for loan losses: collectively evaluated | 54 | 53 | ||||
Allowance for loan losses | 102 | 98 | 102 | 106 | 102 | 105 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 264 | |||||
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||||||
Loans receivable: individually evaluated | 0 | 0 | ||||
Loans receivable: collectively evaluated | 9,203 | 7,180 | ||||
Loans receivable | 26,749 | 7,180 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 150 | 114 | ||||
Allowance for loan losses | 150 | 112 | 114 | 174 | 169 | 172 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 17,546 | |||||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||||
Loans receivable: individually evaluated | 595 | 665 | ||||
Loans receivable: collectively evaluated | 4,639 | 4,994 | ||||
Loans receivable | 5,234 | 5,659 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 42 | 46 | ||||
Allowance for loan losses | 42 | 43 | 46 | 46 | 205 | 57 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 0 | |||||
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||||||
Loans receivable: individually evaluated | 0 | 0 | ||||
Loans receivable: collectively evaluated | 12,570 | 13,950 | ||||
Loans receivable | 13,037 | 13,950 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 119 | 128 | ||||
Allowance for loan losses | 119 | 121 | 128 | 134 | 149 | 102 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 467 | |||||
Consumer Portfolio Segment [Member] | ||||||
Loans receivable: individually evaluated | 0 | 17 | ||||
Loans receivable: collectively evaluated | 18,811 | 17,113 | ||||
Loans receivable | 19,799 | 17,130 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 264 | 233 | ||||
Allowance for loan losses | 264 | 236 | 233 | 204 | 174 | 159 |
Consumer Portfolio Segment [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans receivable | 988 | |||||
Unallocated Financing Receivables [Member] | ||||||
Loans receivable: individually evaluated | 0 | 0 | ||||
Loans receivable: collectively evaluated | 0 | 0 | ||||
Loans receivable | 0 | 0 | ||||
Allowance for loan losses: individually evaluated | 0 | 0 | ||||
Allowance for loan losses: collectively evaluated | 0 | |||||
Allowance for loan losses | $ 585 | $ 585 | $ 499 | $ 499 | $ 499 | $ 499 |
Note 7 - Loans - Impaired Loans
Note 7 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Unpaid principal - with no allowance | $ 4,507 | $ 4,952 |
Recorded investment - with no allowance | 4,479 | 4,923 |
Unpaid principal - with allowance | 1,785 | 4,851 |
Recorded investment - with allowance | 1,785 | 4,851 |
Related allowance | 297 | 1,605 |
Unpaid principal | 6,292 | 9,803 |
Recorded investment | 6,264 | 9,774 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Unpaid principal - with no allowance | 729 | 750 |
Recorded investment - with no allowance | 701 | 721 |
Unpaid principal - with allowance | 269 | 270 |
Recorded investment - with allowance | 269 | 270 |
Related allowance | 0 | 0 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Unpaid principal - with no allowance | 50 | 54 |
Recorded investment - with no allowance | 50 | 54 |
Unpaid principal - with allowance | 239 | 239 |
Recorded investment - with allowance | 239 | 239 |
Related allowance | 114 | 116 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Unpaid principal - with no allowance | 1,649 | 1,787 |
Recorded investment - with no allowance | 1,649 | 1,787 |
Unpaid principal - with allowance | 0 | 2,515 |
Recorded investment - with allowance | 0 | 2,515 |
Related allowance | 0 | 781 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Unpaid principal - with no allowance | 436 | 817 |
Recorded investment - with no allowance | 436 | 817 |
Unpaid principal - with allowance | 794 | 1,340 |
Recorded investment - with allowance | 794 | 1,340 |
Related allowance | 135 | 659 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Unpaid principal - with no allowance | 1,048 | 862 |
Recorded investment - with no allowance | 1,048 | 862 |
Unpaid principal - with allowance | 483 | 487 |
Recorded investment - with allowance | 483 | 487 |
Related allowance | 48 | 49 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Unpaid principal - with no allowance | 595 | 665 |
Recorded investment - with no allowance | 595 | 665 |
Consumer Portfolio Segment [Member] | ||
Unpaid principal - with no allowance | 0 | 17 |
Recorded investment - with no allowance | $ 0 | $ 17 |
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 | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Average investment in impaired loans | $ 6,381 | $ 8,618 | $ 7,511 | $ 9,238 |
Interest income recognized on impaired loans on a cash basis | 53 | 68 | 114 | 148 |
Residential Portfolio Segment [Member] | ||||
Average investment in impaired loans | 1,259 | 1,407 | 1,267 | 1,377 |
Interest income recognized on impaired loans on a cash basis | 8 | 15 | 20 | 37 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||||
Average investment in impaired loans | 970 | 1,108 | 977 | 1,077 |
Interest income recognized on impaired loans on a cash basis | 8 | 11 | 18 | 30 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||||
Average investment in impaired loans | 289 | 299 | 290 | 300 |
Interest income recognized on impaired loans on a cash basis | 0 | 4 | 2 | 7 |
Commercial Portfolio Segment [Member] | ||||
Average investment in impaired loans | 5,122 | 7,192 | 6,238 | 7,842 |
Interest income recognized on impaired loans on a cash basis | 45 | 53 | 94 | 111 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Average investment in impaired loans | 1,722 | 4,592 | 2,582 | 5,237 |
Interest income recognized on impaired loans on a cash basis | 7 | 35 | 17 | 70 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||
Average investment in impaired loans | 1,241 | 280 | 1,546 | 394 |
Interest income recognized on impaired loans on a cash basis | 8 | 1 | 34 | 7 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||||
Average investment in impaired loans | 1,533 | 1,360 | 1,471 | 1,362 |
Interest income recognized on impaired loans on a cash basis | 18 | 10 | 19 | 16 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||||
Average investment in impaired loans | 0 | 392 | 0 | 392 |
Interest income recognized on impaired loans on a cash basis | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||
Average investment in impaired loans | 626 | 568 | 639 | 457 |
Interest income recognized on impaired loans on a cash basis | 12 | 7 | 24 | 18 |
Consumer Portfolio Segment [Member] | ||||
Average investment in impaired loans | 0 | 19 | 6 | 19 |
Interest income recognized on impaired loans on a cash basis | $ 0 | $ 0 | $ 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 | Jun. 30, 2019 | Dec. 31, 2018 |
Loans past due 90+ days and accruing | $ 2,631 | $ 2,906 |
Nonaccrual loans | 9,289 | 13,113 |
Residential Portfolio Segment [Member] | ||
Loans past due 90+ days and accruing | 1,840 | 2,003 |
Nonaccrual loans | 3,738 | 5,016 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans past due 90+ days and accruing | 1,677 | 1,633 |
Nonaccrual loans | 3,426 | 4,750 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans past due 90+ days and accruing | 106 | 151 |
Nonaccrual loans | 239 | 239 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans past due 90+ days and accruing | 57 | 219 |
Nonaccrual loans | 73 | 27 |
Commercial Portfolio Segment [Member] | ||
Loans past due 90+ days and accruing | 765 | 871 |
Nonaccrual loans | 5,524 | 8,083 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due 90+ days and accruing | 225 | 394 |
Nonaccrual loans | 2,224 | 3,958 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans past due 90+ days and accruing | 59 | 18 |
Nonaccrual loans | 1,170 | 2,111 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans past due 90+ days and accruing | 0 | 0 |
Nonaccrual loans | 52 | 52 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans past due 90+ days and accruing | 476 | 459 |
Nonaccrual loans | 1,483 | 1,297 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans past due 90+ days and accruing | 5 | 0 |
Nonaccrual loans | 595 | 665 |
Consumer Portfolio Segment [Member] | ||
Loans past due 90+ days and accruing | 26 | 32 |
Nonaccrual loans | $ 27 | $ 14 |
Note 7 - Loans - Contractual Ag
Note 7 - Loans - Contractual Aging of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Loans current and past due less than 30 days | $ 1,103,285 | $ 810,195 |
Loans receivable | 1,116,683 | 827,563 |
Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 5,854 | 8,308 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 7,544 | 9,060 |
Residential Portfolio Segment [Member] | ||
Loans current and past due less than 30 days | 568,165 | 444,380 |
Loans receivable | 576,577 | 456,806 |
Residential Portfolio Segment [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 4,572 | 7,245 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 3,840 | 5,181 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | ||
Loans current and past due less than 30 days | 476,950 | 361,362 |
Loans receivable | 484,479 | 372,339 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 4,091 | 6,414 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 3,438 | 4,563 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | ||
Loans current and past due less than 30 days | 28,482 | 24,876 |
Loans receivable | 28,880 | 25,450 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 53 | 184 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 345 | 390 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | ||
Loans current and past due less than 30 days | 34,739 | 33,611 |
Loans receivable | 35,224 | 34,319 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 428 | 480 |
Residential Portfolio Segment [Member] | Home Equity Line of Credit 1 [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 57 | 228 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans current and past due less than 30 days | 27,994 | 24,531 |
Loans receivable | 27,994 | 24,698 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 0 | 167 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans current and past due less than 30 days | 515,511 | 348,824 |
Loans receivable | 520,307 | 353,627 |
Commercial Portfolio Segment [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 1,145 | 970 |
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 3,651 | 3,833 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans current and past due less than 30 days | 276,687 | 160,668 |
Loans receivable | 279,267 | 162,611 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 566 | 226 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 2,014 | 1,717 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans current and past due less than 30 days | 21,145 | 11,910 |
Loans receivable | 21,197 | 11,962 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 52 | 52 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans current and past due less than 30 days | 115,078 | 90,915 |
Loans receivable | 115,264 | 91,856 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 78 | 152 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 108 | 789 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | ||
Loans current and past due less than 30 days | 52,308 | 53,263 |
Loans receivable | 52,308 | 53,263 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Political Subdivisions [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Loans current and past due less than 30 days | 5,292 | 5,390 |
Loans receivable | 7,251 | 7,146 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 493 | 487 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 1,466 | 1,269 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | ||
Loans current and past due less than 30 days | 26,749 | 7,104 |
Loans receivable | 26,749 | 7,180 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 0 | 76 |
Commercial Portfolio Segment [Member] | Multifamily 5 or More Residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans current and past due less than 30 days | 5,215 | 5,624 |
Loans receivable | 5,234 | 5,659 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 8 | 29 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 11 | 6 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | ||
Loans current and past due less than 30 days | 13,037 | 13,950 |
Loans receivable | 13,037 | 13,950 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Other Commercial Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans current and past due less than 30 days | 19,609 | 16,991 |
Loans receivable | 19,799 | 17,130 |
Consumer Portfolio Segment [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans past due | 137 | 93 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | $ 53 | $ 46 |
Note 7 - Loans - Contractual _2
Note 7 - Loans - Contractual Aging of Nonaccrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Nonaccrual loans | $ 9,289 | $ 13,113 |
Non accrual Loans [Member] | ||
Loans current and past due, nonaccrual | 2,929 | 5,793 |
Nonaccrual loans | 9,289 | 13,113 |
Non accrual Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Nonaccrual loans | 1,447 | 1,166 |
Non accrual Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Nonaccrual loans | $ 4,913 | $ 6,154 |
Note 7 - Loans - Aging of Troub
Note 7 - Loans - Aging of Troubled Debt Restructurings (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Loans current and past due less than 30 days | $ 1,103,285 | $ 810,195 |
Nonaccrual loans | 9,289 | 13,113 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 7,544 | 9,060 |
Troubled Debt Restructuring [Member] | ||
Loans current and past due less than 30 days | 972 | 612 |
Loans past due | 74 | 0 |
Nonaccrual loans | 415 | 2,884 |
Troubled debt restructurings | 1,461 | 3,539 |
Troubled Debt Restructuring [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | $ 0 | $ 43 |
Note 7 - Loans - Troubled Debt
Note 7 - Loans - Troubled Debt Restructurings (Details) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | |
Troubled debt restructurings, number of contracts | 11 | 4 |
Troubled debt restructurings, post-modification recorded investment | $ 550 | $ 162 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | Monthly Payment Reduction for 6 Months [Member] | ||
Troubled debt restructurings, number of contracts | 0 | 1 |
Troubled debt restructurings, post-modification recorded investment | $ 0 | $ 80 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Junior Lien [Member] | Monthly Payment Reduction and Extended Maturity Date [Member] | ||
Troubled debt restructurings, number of contracts | 1 | 0 |
Troubled debt restructurings, post-modification recorded investment | $ 18 | $ 0 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Senior Lien [Member] | Extended Interest Payments for 6 Months [Member] | ||
Troubled debt restructurings, number of contracts | 0 | 2 |
Troubled debt restructurings, post-modification recorded investment | $ 0 | $ 36 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Monthly Payment Reduction and Extended Maturity Date [Member] | ||
Troubled debt restructurings, number of contracts | 9 | 0 |
Troubled debt restructurings, post-modification recorded investment | $ 448 | $ 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Extended Interest Payments for 6 Months [Member] | ||
Troubled debt restructurings, number of contracts | 0 | 1 |
Troubled debt restructurings, post-modification recorded investment | $ 0 | $ 46 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Monthly Payment Reduction and Extended Maturity Date [Member] | ||
Troubled debt restructurings, number of contracts | 1 | 0 |
Troubled debt restructurings, post-modification recorded investment | $ 84 | $ 0 |
Note 7 - Loans - Foreclosed Res
Note 7 - Loans - Foreclosed Residential Real Estate (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Residential Portfolio Segment [Member] | ||
Foreclosed residential real estate | $ 368 | $ 64 |
Note 7 - Loans - Mortgage Loans
Note 7 - Loans - Mortgage Loans in Process of Foreclosure (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Residential Portfolio Segment [Member] | ||
Residential real estate in process of foreclosure | $ 1,456 | $ 1,097 |
Note 8 - Goodwill and Other I_3
Note 8 - Goodwill and Other Intangible Assets, Net (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Amortization of Intangible Assets, Total | $ 73,000 | $ 1,000 | $ 75,000 | $ 2,000 |
Core Deposits [Member] | ||||
Amortization of Intangible Assets, Total | $ 72,000 |
Note 8 - Goodwill and Other I_4
Note 8 - Goodwill and Other Intangible Assets, Net - Core Deposit Intangibles (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Gross amount | $ 3,495 | $ 2,034 |
Accumulated amortization | (2,100) | (2,025) |
Net | $ 1,395 | $ 9 |
Note 8 - Goodwill and Other I_5
Note 8 - Goodwill and Other Intangible Assets, Net - Change in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Balance, beginning of period | $ 11,942 | $ 11,942 |
Goodwill arising in business combination | 16,676 | 0 |
Balance, end of period | $ 28,618 | $ 11,942 |
Note 9 - Borrowed Funds and S_3
Note 9 - Borrowed Funds and Subordinated Debt (Details Textual) | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) |
Subordinated Debt, Ending Balance | $ 7,000,000 | $ 0 |
Subordinated Debt Agreements [Member] | Monument Acquisition [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 6.50% | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt | $ 7,000,000 | |
Subordinated Debt, Ending Balance | 7,000,000 | |
Federal Home Loan Bank of Pittsburgh [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 741,242,000 | 495,143,000 |
Federal Home Loan Bank of Pittsburgh [Member] | Other Assets [Member] | ||
Federal Home Loan Bank Stock | $ 7,485,000 | $ 5,582,000 |
Securities Sold under Agreements to Repurchase [Member] | ||
Debt, Weighted Average Interest Rate | 0.10% | 0.10% |
Carrying Value of Securities Sold under Repurchase Agreements and Deposits Received for Securities Loaned, Total | $ 3,240,000 | $ 5,890,000 |
Overnight Borrowing [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
Debt Instrument, Interest Rate, Stated Percentage | 2.46% | 2.62% |
Federal Home Loan Bank Advances 1 [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
Number of Short-term Advances | 4 | |
Short-term Borrowing, Amount of Each Borrowing | $ 21,379,000 | |
Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 2.66% |
Note 9 - Borrowed Funds and S_4
Note 9 - Borrowed Funds and Subordinated Debt - Short-term Borrowings (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Short-term borrowings | $ 27,493 | $ 12,853 |
Securities Sold under Agreements to Repurchase [Member] | ||
Short-term borrowings | 3,192 | 5,853 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Advances Overnight [Member] | ||
Short-term borrowings | 3,000 | 7,000 |
Federal Home Loan Bank of Pittsburgh [Member] | Other Short-term Advances [Member] | ||
Short-term borrowings | $ 21,301 | $ 0 |
Note 9 - Borrowed Funds and S_5
Note 9 - Borrowed Funds and Subordinated Debt - Long-term Borrowing Maturities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Long-term borrowings | $ 38,273 | $ 35,915 |
Federal Home Loan Bank of Pittsburgh [Member] | ||
Long-term borrowings | 38,273 | 35,915 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing in 2019 with Weighted Average Rate of 2.17% [Member] | ||
Long-term borrowings | 0 | 17,000 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing in 2019 with Weighted Average Rate of 2.59% [Member] | ||
Long-term borrowings | 15,000 | 15,000 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing in 2020 with Weighted Average Rate of 2.77% [Member] | ||
Long-term borrowings | 5,171 | 3,271 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing in 2022 with Weighted Average Rate of 2.16% [Member] | ||
Long-term borrowings | 14,000 | 0 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing in 2023 with Weighted Average Rate of 2.31% [Member] | ||
Long-term borrowings | 3,500 | 0 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing in 2025 with Rate of 4.91% [Member] | ||
Long-term borrowings | $ 602 | $ 644 |
Note 9 - Borrowed Funds and S_6
Note 9 - Borrowed Funds and Subordinated Debt - Long-term Borrowing Maturities (Details) (Parentheticals) - Federal Home Loan Bank of Pittsburgh [Member] | Jun. 30, 2019 | Dec. 31, 2018 |
Rate | 2.31% | 2.31% |
Federal Home Loan Bank Borrowings Loan Maturing in 2019 with Weighted Average Rate of 2.17% [Member] | ||
Rate | 2.17% | 2.17% |
Federal Home Loan Bank Borrowings Loan Maturing in 2019 with Weighted Average Rate of 2.59% [Member] | ||
Rate | 2.59% | 2.59% |
Federal Home Loan Bank Borrowings Loan Maturing in 2020 with Weighted Average Rate of 2.77% [Member] | ||
Rate | 2.77% | |
Federal Home Loan Bank Borrowings Loan Maturing in 2022 with Weighted Average Rate of 2.16% [Member] | ||
Rate | 2.16% | 2.16% |
Federal Home Loan Bank Borrowings Loan Maturing in 2025 with Rate of 4.91% [Member] | ||
Rate | 4.91% | 4.91% |
Note 10 - Stock-based Compens_2
Note 10 - Stock-based Compensation Plans (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2019 | |
Share-based Payment Arrangement, Expense | $ 202,000 | $ 155,000 | $ 431,000 | $ 338,000 | ||
Forecast [Member] | ||||||
Share-based Payment Arrangement, Expense | $ 880,000 | |||||
Stock Incentive Plan [Member] | Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 40,517 | |||||
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 | 27,380 | |||||
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 | 7,620 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | |||||
Independent Directors 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% |
Note 12 - Revenue Recognition (
Note 12 - Revenue Recognition (Details Textual) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Assets Under Management Fair Value | $ 948,998,000 | $ 862,517,000 |
Percent of Trust Asset Revenue Earned Monthly | 81.00% |
Note 13 - Fair Value Measurem_3
Note 13 - Fair Value Measurements and Fair Values of Financial Instruments - Assets Measured at Fair Value (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Total, fair value | $ 363,465,000 | $ 363,273,000 |
Marketable equity security | 976,000 | 950,000 |
Unpaid principal - with allowance | 1,785,000 | 4,851,000 |
Valuation allowance | (297,000) | (1,605,000) |
Impaired loans, net | 1,785,000 | 4,851,000 |
Nonrecurring fair value measurements | ||
Unpaid principal - with allowance | 1,785,000 | 4,851,000 |
Valuation allowance | (297,000) | (1,605,000) |
Impaired loans, net | 1,785,000 | 4,851,000 |
US Government Agencies Debt Securities [Member] | ||
Total, fair value | 17,570,000 | 12,500,000 |
Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Total, fair value | 75,499,000 | 83,952,000 |
Obligations of States and Political Subdivisions Taxable [Member] | ||
Total, fair value | 31,509,000 | 27,699,000 |
Residential Pass-Through Securities [Member] | ||
Total, fair value | 55,141,000 | 53,445,000 |
Residential Collateralized Mortgage Obligations [Member] | ||
Total, fair value | 139,484,000 | 145,912,000 |
Commercial Mortgage Backed Securities [Member] | ||
Total, fair value | 44,262,000 | 39,765,000 |
Fair Value, Recurring [Member] | ||
Total, fair value | 363,465,000 | 363,273,000 |
Marketable equity security | 976,000 | 950,000 |
Servicing rights | 1,322,000 | 1,404,000 |
Total asset fair value measurements | 365,763,000 | 365,627,000 |
Nonrecurring fair value measurements | ||
Total asset fair value measurements | 365,763,000 | 365,627,000 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Total, fair value | 17,570,000 | 15,500,000 |
Fair Value, Recurring [Member] | Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Total, fair value | 75,499,000 | 83,952,000 |
Fair Value, Recurring [Member] | Obligations of States and Political Subdivisions Taxable [Member] | ||
Total, fair value | 31,509,000 | 27,699,000 |
Fair Value, Recurring [Member] | Residential Pass-Through Securities [Member] | ||
Total, fair value | 55,141,000 | 53,445,000 |
Fair Value, Recurring [Member] | Residential Collateralized Mortgage Obligations [Member] | ||
Total, fair value | 139,484,000 | 145,912,000 |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Total, fair value | 44,262,000 | 39,765,000 |
Fair Value, Nonrecurring [Member] | ||
Total asset fair value measurements | 4,793,000 | 4,949,000 |
Unpaid principal - with allowance | 1,785,000 | 4,851,000 |
Valuation allowance | (297,000) | (1,605,000) |
Impaired loans, net | 1,488,000 | 3,246,000 |
Foreclosed assets held for sale | 3,305,000 | 1,703,000 |
Nonrecurring fair value measurements | ||
Unpaid principal - with allowance | 1,785,000 | 4,851,000 |
Valuation allowance | (297,000) | (1,605,000) |
Impaired loans, net | 1,488,000 | 3,246,000 |
Foreclosed assets held for sale | 3,305,000 | 1,703,000 |
Total asset fair value measurements | 4,793,000 | 4,949,000 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Total, fair value | 0 | 0 |
Marketable equity security | 976,000 | 950,000 |
Servicing rights | 0 | 0 |
Total asset fair value measurements | 976,000 | 950,000 |
Nonrecurring fair value measurements | ||
Total asset fair value measurements | 976,000 | 950,000 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Obligations of States and Political Subdivisions Taxable [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Residential Pass-Through Securities [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Residential Collateralized Mortgage Obligations [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | ||
Total asset fair value measurements | 0 | 0 |
Unpaid principal - with allowance | 0 | 0 |
Valuation allowance | 0 | 0 |
Impaired loans, net | 0 | 0 |
Foreclosed assets held for sale | 0 | 0 |
Nonrecurring fair value measurements | ||
Unpaid principal - with allowance | 0 | 0 |
Valuation allowance | 0 | 0 |
Impaired loans, net | 0 | 0 |
Foreclosed assets held for sale | 0 | 0 |
Total asset fair value measurements | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Total, fair value | 363,465,000 | 363,273,000 |
Marketable equity security | 0 | 0 |
Servicing rights | 0 | 0 |
Total asset fair value measurements | 363,465,000 | 363,273,000 |
Nonrecurring fair value measurements | ||
Total asset fair value measurements | 363,465,000 | 363,273,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Total, fair value | 17,570,000 | 12,500,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Total, fair value | 75,499,000 | 83,952,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Obligations of States and Political Subdivisions Taxable [Member] | ||
Total, fair value | 31,509,000 | 27,699,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Residential Pass-Through Securities [Member] | ||
Total, fair value | 55,141,000 | 53,445,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Residential Collateralized Mortgage Obligations [Member] | ||
Total, fair value | 139,484,000 | 145,912,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Total, fair value | 44,262,000 | 39,765,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | ||
Total asset fair value measurements | 0 | 0 |
Unpaid principal - with allowance | 0 | 0 |
Valuation allowance | 0 | 0 |
Impaired loans, net | 0 | 0 |
Foreclosed assets held for sale | 0 | 0 |
Nonrecurring fair value measurements | ||
Unpaid principal - with allowance | 0 | 0 |
Valuation allowance | 0 | 0 |
Impaired loans, net | 0 | 0 |
Foreclosed assets held for sale | 0 | 0 |
Total asset fair value measurements | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Total, fair value | 0 | 0 |
Marketable equity security | 0 | 0 |
Servicing rights | 1,322,000 | 1,404,000 |
Total asset fair value measurements | 1,322,000 | 1,404,000 |
Nonrecurring fair value measurements | ||
Total asset fair value measurements | 1,322,000 | 1,404,000 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Obligations of States and Political Subdivisions Tax Exempt [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Obligations of States and Political Subdivisions Taxable [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Residential Pass-Through Securities [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Residential Collateralized Mortgage Obligations [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Total, fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Total asset fair value measurements | 4,793,000 | 4,949,000 |
Unpaid principal - with allowance | 1,785,000 | 4,851,000 |
Valuation allowance | (297,000) | (1,605,000) |
Impaired loans, net | 1,488,000 | 3,246,000 |
Foreclosed assets held for sale | 3,305,000 | 1,703,000 |
Nonrecurring fair value measurements | ||
Unpaid principal - with allowance | 1,785,000 | 4,851,000 |
Valuation allowance | (297,000) | (1,605,000) |
Impaired loans, net | 1,488,000 | 3,246,000 |
Foreclosed assets held for sale | 3,305,000 | 1,703,000 |
Total asset fair value measurements | $ 4,793,000 | $ 4,949,000 |
Note 13 - Fair Value Measurem_4
Note 13 - Fair Value Measurements and Fair Values of Financial Instruments - Valuation Techniques and the Unobservable Inputs Used in Determining Fair Value - Recurring Basis (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Fair Value, Recurring [Member] | ||
Fair value | $ 1,322,000 | $ 1,404,000 |
Valuation Technique, Discounted Cash Flow [Member] | Servicing Rights Assets [Member] | ||
Discount rate | 12.50% | 12.50% |
Weighted-average PSA | 147.00% | 114.00% |
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% |
Valuation Technique, Discounted Cash Flow [Member] | Fair Value, Recurring [Member] | ||
Fair value | $ 1,322,000 | $ 1,404,000 |
Note 13 - Fair Value Measurem_5
Note 13 - 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) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Balance, beginning of period | $ 1,347 | $ 1,369 | $ 1,404 | $ 1,299 |
Issuances of servicing rights | 46 | 47 | 66 | 97 |
Unrealized gains (losses) included in earnings | (71) | 820 | (148) | 840 |
Balance, end of period | 1,322 | 2,236 | 1,322 | 2,236 |
Restricted Equity Security [Member] | ||||
Balance, beginning of period | 0 | 0 | 0 | 0 |
Issuances of servicing rights | 0 | 0 | 0 | 0 |
Unrealized gains (losses) included in earnings | 0 | 866 | 0 | 866 |
Balance, end of period | 0 | 866 | 0 | 866 |
Servicing Rights Assets [Member] | ||||
Balance, beginning of period | 1,347 | 1,369 | 1,404 | 1,299 |
Issuances of servicing rights | 46 | 47 | 66 | 97 |
Unrealized gains (losses) included in earnings | (71) | (46) | (148) | (26) |
Balance, end of period | $ 1,322 | $ 1,370 | $ 1,322 | $ 1,370 |
Note 13 - Fair Value Measurem_6
Note 13 - 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 | Jun. 30, 2019 | Dec. 31, 2018 |
Recorded investment - with allowance | $ 1,785 | $ 4,851 |
Related allowance | 297 | 1,605 |
Fair Value, Nonrecurring [Member] | ||
Recorded investment - with allowance | 1,488 | 3,246 |
Related allowance | 297 | 1,605 |
Fair value | 1,488 | 3,246 |
Foreclosed assets held for sale | 3,305 | 1,703 |
Fair value | 3,305 | 1,703 |
Residential Portfolio Segment [Member] | ||
Foreclosed assets held for sale | 368 | 64 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment - with allowance | 0 | 2,515 |
Related allowance | 0 | 781 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Recorded investment - with allowance | 794 | 1,340 |
Related allowance | 135 | 659 |
Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Recorded investment - with allowance | 483 | 487 |
Related allowance | 48 | 49 |
Valuation, Market Approach [Member] | Land Receivable [Member] | Fair Value, Nonrecurring [Member] | ||
Fair value | 110 | 110 |
Valuation, Market Approach [Member] | Commercial Real Estate Receivables [Member] | Fair Value, Nonrecurring [Member] | ||
Fair value | 2,827 | 1,529 |
Valuation, Market Approach [Member] | Residential Portfolio Segment [Member] | Fair Value, Nonrecurring [Member] | ||
Fair value | 368 | 64 |
Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Fair Value, Nonrecurring [Member] | ||
Fair value | 1,734 | |
Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Fair Value, Nonrecurring [Member] | ||
Fair value | 0 | 0 |
Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Fair Value, Nonrecurring [Member] | ||
Fair value | 435 | 438 |
Impaired Loans [Member] | ||
Recorded investment - with allowance | 1,785 | 4,851 |
Related allowance | $ 297 | 1,605 |
Discount rate | ||
Impaired Loans [Member] | Valuation, Market Approach [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment - with allowance | $ 508 | 509 |
Related allowance | 114 | 116 |
Fair value | $ 394 | $ 393 |
Impaired Loans [Member] | Valuation, Market Approach [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Weighted Average [Member] | ||
Discount rate | 26.00% | 26.00% |
Impaired Loans [Member] | Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment - with allowance | $ 2,515 | |
Related allowance | $ 781 | |
Impaired Loans [Member] | Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Weighted Average [Member] | ||
Discount rate | 16.00% | |
Impaired Loans [Member] | Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Recorded investment - with allowance | $ 75 | $ 75 |
Related allowance | 75 | 75 |
Impaired Loans [Member] | Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Measurement Input, Discount to Borrower's Financial Statement Value [Member] | ||
Recorded investment - with allowance | 719 | 1,265 |
Related allowance | 60 | 584 |
Fair value | $ 659 | $ 681 |
Discount rate | 14.00% | 36.00% |
Impaired Loans [Member] | Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Weighted Average [Member] | ||
Discount rate | 100.00% | 100.00% |
Impaired Loans [Member] | Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | ||
Recorded investment - with allowance | $ 483 | $ 487 |
Related allowance | $ 48 | $ 49 |
Impaired Loans [Member] | Valuation, Market Approach [Member] | Commercial Portfolio Segment [Member] | Loans Secured by Farmland [Member] | Weighted Average [Member] | ||
Discount rate | 46.00% | 56.00% |
Foreclosed Assets Held For Sale [Member] | ||
Foreclosed assets held for sale | $ 3,305 | $ 1,703 |
Valuation allowance | 0 | 0 |
Foreclosed Assets Held For Sale [Member] | Valuation, Market Approach [Member] | Land Receivable [Member] | ||
Foreclosed assets held for sale | 110 | 110 |
Valuation allowance | $ 0 | $ 0 |
Foreclosed Assets Held For Sale [Member] | Valuation, Market Approach [Member] | Land Receivable [Member] | Weighted Average [Member] | ||
Discount rate | 61.00% | 61.00% |
Foreclosed Assets Held For Sale [Member] | Valuation, Market Approach [Member] | Commercial Real Estate Receivables [Member] | ||
Foreclosed assets held for sale | $ 2,827 | $ 1,529 |
Valuation allowance | $ 0 | $ 0 |
Foreclosed Assets Held For Sale [Member] | Valuation, Market Approach [Member] | Commercial Real Estate Receivables [Member] | Weighted Average [Member] | ||
Discount rate | 30.00% | 20.00% |
Foreclosed Assets Held For Sale [Member] | Valuation, Market Approach [Member] | Residential Portfolio Segment [Member] | ||
Foreclosed assets held for sale | $ 368 | $ 64 |
Valuation allowance | $ 0 | $ 0 |
Foreclosed Assets Held For Sale [Member] | Valuation, Market Approach [Member] | Residential Portfolio Segment [Member] | Weighted Average [Member] | ||
Discount rate | 37.00% | 68.00% |
Note 13 - Fair Value Measurem_7
Note 13 - Fair Value Measurements and Fair Values of Financial Instruments - Estimated Fair Values, and Related Carrying Amounts, of the Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | $ 39,505 | $ 32,827 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Certificates of deposit | 4,560 | 4,660 |
Restricted equity securities (included in Other Assets) | 7,675 | 5,712 |
Accrued interest receivable | 5,306 | 3,968 |
Short-term borrowings | 27,493 | 12,853 |
Long-term borrowings | 38,273 | 35,915 |
Accrued interest payable | 443 | 142 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Deposits With No Stated Maturity [Member] | ||
Deposits, fair value | 888,594 | 804,207 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Time Deposits [Member] | ||
Deposits, fair value | 395,549 | 229,565 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Loans, net | 1,108,483 | 818,254 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 39,505 | 32,827 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Certificates of deposit | 4,655 | 4,634 |
Restricted equity securities (included in Other Assets) | 7,675 | 5,712 |
Accrued interest receivable | 5,306 | 3,968 |
Short-term borrowings | 27,350 | 12,617 |
Long-term borrowings | 38,420 | 35,902 |
Accrued interest payable | 443 | 142 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Deposits With No Stated Maturity [Member] | ||
Deposits, fair value | 888,594 | 804,207 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Time Deposits [Member] | ||
Deposits, fair value | 397,820 | 229,751 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Loans, net | $ 1,131,884 | $ 825,809 |