Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Aug. 07, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | Middlefield Banc Corp. | |
Entity Central Index Key | 836,147 | |
Trading Symbol | mbcn | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 3,233,924 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheet (Cur
Consolidated Balance Sheet (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 42,451 | $ 39,886 |
Federal funds sold | 28,795 | |
Cash and cash equivalents | 71,246 | 39,886 |
Equity securities, at fair value | 656 | |
Investment securities available for sale, at fair value | 100,028 | 95,283 |
Loans held for sale | 1,132 | 463 |
Loans | 943,674 | 923,213 |
Less allowance for loan and lease losses | 7,502 | 7,190 |
Net loans | 936,172 | 916,023 |
Premises and equipment, net | 12,978 | 11,853 |
Goodwill | 15,071 | 15,071 |
Core deposit intangibles | 2,571 | 2,749 |
Bank-owned life insurance | 15,862 | 15,652 |
Other real estate owned | 181 | 212 |
Accrued interest receivable and other assets | 10,182 | 9,144 |
TOTAL ASSETS | 1,166,079 | 1,106,336 |
LIABILITIES | ||
Noninterest-bearing demand | 207,791 | 192,438 |
Interest-bearing demand | 92,116 | 83,990 |
Money market | 137,572 | 150,277 |
Savings | 204,408 | 208,502 |
Time | 290,359 | 242,987 |
Total deposits | 932,246 | 878,194 |
Short-term borrowings | 87,833 | 74,707 |
Other borrowings | 18,996 | 29,065 |
Accrued interest payable and other liabilities | 4,288 | 4,507 |
TOTAL LIABILITIES | 1,043,363 | 986,473 |
STOCKHOLDERS' EQUITY | ||
Common stock, no par value; 10,000,000 shares authorized, 3,619,843 and 3,603,881 shares issued; 3,233,678 and 3,217,716 shares outstanding | 85,544 | 84,859 |
Retained earnings | 51,121 | 47,431 |
Accumulated other comprehensive (loss) income | (431) | 1,091 |
Treasury stock, at cost; 386,165 shares | (13,518) | (13,518) |
TOTAL STOCKHOLDERS' EQUITY | 122,716 | 119,863 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 1,166,079 | $ 1,106,336 |
Consolidated Balance Sheet (Cu3
Consolidated Balance Sheet (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in shares) | 3,619,843 | 3,603,881 |
Common stock, shares outstanding (in shares) | 3,233,678 | 3,217,716 |
Treasury stock, shares (in shares) | 386,165 | 386,165 |
Consolidated Statement of Incom
Consolidated Statement of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | ||
INTEREST AND DIVIDEND INCOME | |||||
Interest and fees on loans | $ 11,234,000 | $ 9,916,000 | $ 22,288,000 | $ 19,096,000 | |
Interest-bearing deposits in other institutions | 115,000 | 92,000 | 234,000 | 141,000 | |
Federal funds sold | 7,000 | 1,000 | 21,000 | 4,000 | |
Investment securities: | |||||
Taxable interest | 170,000 | 223,000 | 339,000 | 441,000 | |
Tax-exempt interest | 550,000 | 630,000 | 1,075,000 | 1,267,000 | |
Dividends on stock | 53,000 | 40,000 | 112,000 | 152,000 | |
Total interest and dividend income | 12,129,000 | 10,902,000 | 24,069,000 | 21,101,000 | |
INTEREST EXPENSE | |||||
Deposits | 1,973,000 | 1,227,000 | 3,613,000 | 2,352,000 | |
Short-term borrowings | 192,000 | 273,000 | 468,000 | 450,000 | |
Other borrowings | 118,000 | 125,000 | 240,000 | 265,000 | |
Total interest expense | 2,283,000 | 1,625,000 | 4,321,000 | 3,067,000 | |
NET INTEREST INCOME | 9,846,000 | 9,277,000 | 19,748,000 | 18,034,000 | |
Provision for loan losses | 210,000 | 170,000 | 420,000 | 335,000 | |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 9,636,000 | 9,107,000 | 19,328,000 | 17,699,000 | |
NONINTEREST INCOME | |||||
Investment securities gains on sale, net | [1] | 488,000 | |||
Gain on equity securities | [1] | 13,000 | 31,000 | ||
Earnings on bank-owned life insurance | [1] | 98,000 | 98,000 | 210,000 | 207,000 |
Gain on sale of loans | [1] | 117,000 | 231,000 | 121,000 | 465,000 |
Total noninterest income | 1,005,000 | 989,000 | 1,791,000 | 2,500,000 | |
NONINTEREST EXPENSE | |||||
Salaries and employee benefits | 3,866,000 | 3,203,000 | 7,845,000 | 6,899,000 | |
Occupancy expense | 472,000 | 433,000 | 1,008,000 | 921,000 | |
Equipment expense | 201,000 | 266,000 | 434,000 | 547,000 | |
Data processing costs | 402,000 | 588,000 | 879,000 | 908,000 | |
Ohio state franchise tax | 244,000 | 186,000 | 359,000 | 372,000 | |
Federal deposit insurance expense | 150,000 | 135,000 | 300,000 | 203,000 | |
Professional fees | 327,000 | 423,000 | 772,000 | 796,000 | |
Advertising expense | 230,000 | 164,000 | 458,000 | 412,000 | |
Software amortization expense | 155,000 | 80,000 | 305,000 | 162,000 | |
Core deposit intangible amortization | 87,000 | 103,000 | 178,000 | 175,000 | |
Merger expense | 307,000 | 694,000 | |||
Other expense | 929,000 | 816,000 | 1,870,000 | 1,882,000 | |
Total noninterest expense | 7,063,000 | 6,704,000 | 14,408,000 | 13,971,000 | |
Income before income taxes | 3,578,000 | 3,392,000 | 6,711,000 | 6,228,000 | |
Income taxes | 481,000 | 885,000 | 1,009,000 | 1,621,000 | |
NET INCOME | $ 3,097,000 | $ 2,507,000 | $ 5,702,000 | $ 4,607,000 | |
EARNINGS PER SHARE | |||||
Basic (in dollars per share) | $ 0.96 | $ 0.84 | $ 1.77 | $ 1.62 | |
Diluted (in dollars per share) | 0.96 | 0.83 | 1.76 | 1.61 | |
DIVIDENDS DECLARED PER SHARE (in dollars per share) | $ 0.28 | $ 0.27 | $ 0.61 | $ 0.54 | |
Deposit Account [Member] | |||||
NONINTEREST INCOME | |||||
Noninterest income revenue | $ 472,000 | $ 449,000 | $ 925,000 | $ 918,000 | |
Financial Service, Other [Member] | |||||
NONINTEREST INCOME | |||||
Noninterest income revenue | $ 305,000 | $ 211,000 | $ 504,000 | $ 422,000 | |
[1] | Not within scope of ASC 606. |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net income | $ 3,097 | $ 2,507 | $ 5,702 | $ 4,607 |
Net unrealized holding (loss) gain on available-for-sale investment securities | (73) | 1,186 | (1,985) | 1,417 |
Tax effect | 15 | (403) | 417 | (481) |
Reclassification adjustment for investment securities gains included in net income | (488) | |||
Tax effect | 166 | |||
Total other comprehensive (loss) gain | (58) | 783 | (1,568) | 614 |
Comprehensive income | $ 3,039 | $ 3,290 | $ 4,134 | $ 5,221 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Treasury Stock [Member] | Total |
Net income | $ 4,607 | ||||
Net income | 2,507 | ||||
Balance at Dec. 31, 2017 | $ 84,859 | $ 47,431 | $ 1,091 | $ (13,518) | 119,863 |
Change in accounting principle, ASC 2016-01 | 141 | (141) | |||
Change in accounting principle, ASC 2018-02 | (187) | 187 | |||
Net income | 5,702 | 5,702 | |||
Other comprehensive loss | (1,568) | (1,568) | |||
Dividend reinvestment and purchase plan (5,902 shares) | 301 | 301 | |||
Stock options exercised (4,500 shares) | 104 | 104 | |||
Stock-based compensation expense (5,560 shares) | 280 | 280 | |||
Cash dividends ($0.61 per share) | (1,966) | (1,966) | |||
Balance at Jun. 30, 2018 | 85,544 | 51,121 | (431) | (13,518) | 122,716 |
Net income | 3,097 | ||||
Balance at Jun. 30, 2018 | $ 85,544 | $ 51,121 | $ (431) | $ (13,518) | $ 122,716 |
Consolidated Statement of Chan7
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals) | 6 Months Ended |
Jun. 30, 2018$ / sharesshares | |
Retained Earnings [Member] | |
Dividend reinvestment and purchase plan, shares (in shares) | 5,902 |
Stock-based compensation expense, shares (in shares) | 5,560 |
Cash dividends, per share (in dollars per share) | $ / shares | $ 0.61 |
Stock options exercised, shares (in shares) | 4,500 |
Cash dividends, per share (in dollars per share) | $ / shares | $ 0.61 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | ||
OPERATING ACTIVITIES | |||
Net income | $ 5,702,000 | $ 4,607,000 | |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
Provision for loan losses | 420,000 | 335,000 | |
Investment securities gains on sale, net | [1] | (488,000) | |
Gain on equity securities | [1] | (31,000) | |
Depreciation and amortization of premises and equipment, net | 457,000 | 535,000 | |
Software amortization expense | 305,000 | 162,000 | |
Amortization of premium and discount on investment securities, net | 208,000 | 220,000 | |
Accretion of deferred loan fees, net | (564,000) | (295,000) | |
Amortization of core deposit intangibles | 178,000 | 175,000 | |
Stock-based compensation expense | 280,000 | ||
Origination of loans held for sale | (6,694,000) | (10,035,000) | |
Proceeds from sale of loans | 6,146,000 | 3,866,000 | |
Gain on sale of loans | (121,000) | (148,000) | |
Origination of student loans held for sale | (222,526,000) | ||
Proceeds from sale of student loans | 225,956,000 | ||
Gain on sale of student loans | (317,000) | ||
Earnings on bank-owned life insurance | [1] | (210,000) | (207,000) |
Deferred income tax | 132,000 | (245,000) | |
Net (gain) loss on other real estate owned | 5,000 | (158,000) | |
(Increase) decrease in accrued interest receivable | (7,000) | 102,000 | |
Increase in accrued interest payable | 83,000 | 56,000 | |
Other, net | (1,268,000) | (4,208,000) | |
Net cash provided by (used in) operating activities | 5,021,000 | (2,613,000) | |
INVESTING ACTIVITIES | |||
Proceeds from repayments and maturities | 2,304,000 | 7,364,000 | |
Proceeds from sale of securities | 2,678,000 | ||
Purchases | (9,862,000) | ||
Increase in loans, net | (20,005,000) | (64,390,000) | |
Proceeds from the sale of other real estate owned | 26,000 | 1,463,000 | |
Purchase of bank-owned life insurance | (4,000) | ||
Purchase of premises and equipment | (1,582,000) | (518,000) | |
Purchase of restricted stock | (90,000) | (899,000) | |
Redemption of restricted stock | 795,000 | ||
Acquisition, net of cash paid | 5,431,000 | ||
Net cash used in investing activities | (29,209,000) | (48,080,000) | |
FINANCING ACTIVITIES | |||
Net increase in deposits | 54,052,000 | 18,805,000 | |
Increase (decrease) in short-term borrowings, net | 13,126,000 | (4,971,000) | |
Repayment of other borrowings | (10,069,000) | (91,000) | |
Proceeds from other borrowings | 30,000,000 | ||
Proceeds from common stock issued | 15,377,000 | ||
Stock options exercised | 104,000 | ||
Proceeds from dividend reinvestment and purchase plan | 301,000 | 272,000 | |
Cash dividends | (1,966,000) | (1,623,000) | |
Net cash provided by financing activities | 55,548,000 | 57,769,000 | |
Increase in cash and cash equivalents | 31,360,000 | 7,076,000 | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 39,886,000 | 32,495,000 | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 71,246,000 | 39,571,000 | |
Cash paid during the year for: | |||
Interest on deposits and borrowings | 4,238,000 | 3,011,000 | |
Income taxes | 1,075,000 | 3,555,000 | |
Noncash investing transactions: | |||
Transfers from loans to other real estate owned | 1,021,000 | ||
Common stock issued in business acquisition | 20,995,000 | ||
Transfer of equity securities from investment securities available for sale, at fair value | (625,000) | ||
Liabilities assumed | |||
Cash and cash equivalents acquired, net | 5,431,000 | ||
Merger of Liberty Bank, N.A. into The Middlefield Banking Company [Member] | |||
INVESTING ACTIVITIES | |||
Acquisition, net of cash paid | 5,431,000 | ||
Noncash assets acquired | |||
Loans | 195,388,000 | ||
Loans held for sale | 5,953,000 | ||
Premises and equipment, net | 325,000 | ||
Accrued interest receivable | 440,000 | ||
Bank-owned life insurance | 1,681,000 | ||
Core deposit intangible | 3,087,000 | ||
Other assets | 997,000 | ||
Goodwill | 10,740,000 | ||
Total noncash assets acquired | 218,611,000 | ||
Liabilities assumed | |||
Time deposits | (30,744,000) | ||
Deposits other than time deposits | (167,300,000) | ||
Accrued interest payable | (47,000) | ||
Deferred taxes | (1,134,000) | ||
Other liabilities | (2,754,000) | ||
Total liabilities assumed | (201,979,000) | ||
Liberty stock acquired in business combination | (1,068,000) | ||
Net noncash assets acquired | 15,564,000 | ||
Cash and cash equivalents acquired, net | $ 5,431,000 | ||
[1] | Not within scope of ASC 606. |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1 The consolidated financial statements of Middlefield Banc Corp. ("Company") include its bank subsidiary, The Middlefield Banking Company (“MBC” or “Middlefield Bank”), and a nonbank asset resolution subsidiary EMORECO, Inc. All significant inter-company items have been eliminated. The accompanying unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles and the instructions for Form 10 10 X. December 31, 2017, not 10 December 31, 2017. not Recent Accounting Pronouncements – In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10 not December 15, 2017, not 960 965 December 15, 2018, December 15, 2019. not may December 15, 2017, February 2018, No. 2018 03 No. 2016 01. January 1, 2018, 2016 01 $141,000 In February 2016, 2016 02, Leases (Topic 842 one 12 not may December 15, 2018, December 15, 2019, December 15, 2020. may not 1 In June 2016, 2016 13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (“CECL”) 2016 13 December 15, 2019, December 15, 2018. first 12 January 1, 2020. In February 2018, 2018 02, Income Statement – Reporting Comprehensive Income (Topic 220 ) December 15, 2018, 1 not 2 not January 1, 2018, $187,000 In February 2018, 2018 03, Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825 10 ) Recognition and Measurement of Financial Assets and Financial Liabilities 2016 01. 1 may 820, 820. 2 3 4 825 10 45 5 815 15, 825 10, 5 first 6 2016 01 944, December 15, 2017, June 15, 2018. December 15, 2017, June 15, 2018, not June 15, 2018, June 15, 2018, December 15, 2018, not 2016 01. 2016 01. may December 15, 2017, 2016 01. ASU 2018 04, Investments – Debt Securities (Topic 320 980 No. 117 No. 33 9273, 2018 04 No. 117. not In June 2018, 2018 07, Compensation – Stock Compensation (Topic 718 718 December 15, 2018, December 15, 2019, December 15, 2020. ASU 2018 10, Codification Improvements to Topic 842, 2016 02, not 842, 842. not 842, 842. |
Note 2 - Revenue Recognition
Note 2 - Revenue Recognition | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 2 – REVENUE RECOGNITION Effective January 1, 2017, 2014 09 Revenue from Contracts with Customers-Topic 606 606. no not Management determined that the primary sources of revenue, which emanate from interest income on loans and investments, along with noninterest revenue resulting from investment security gains, gains on the sale of loans, and BOLI income, are not 606. no 93.1% The main types of noninterest income within the scope of the standard are as follows: Service charges on deposit accounts Gains (losses) on sale of other real estate owned not The following table depicts the disaggregation of revenue derived from contracts with customers to depict the nature, amount, timing, and uncertainty of revenue and cash flows: For the Three Months Ended June 30, For the Six Months Ended June 30, Noninterest Income 2018 2017 2018 2017 (Dollar amounts in thousands) Service charges on deposit accounts: Overdraft fees $ 197 $ 182 $ 390 $ 374 ATM banking fees 214 205 415 319 Service charges and other fees 61 62 120 225 Investment securities gains on sale, net (a) - - - 488 Equity securities, unrealized gains (a) 13 - 31 - Earnings on bank-owned life insurance (a) 98 98 210 207 Gain on sale of loans (a) 117 231 121 465 Other income 305 211 504 422 Total noninterest income $ 1,005 $ 989 $ 1,791 $ 2,500 (a) Not 606 |
Note 3 - Stock-based Compensati
Note 3 - Stock-based Compensation | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | NOTE 3 The Company had no June 30, 2018 2017. Stock option activity during the six June 30 Weighted- average Shares Exercise Price 2018 Per Share Outstanding, January 1 19,750 $ 20.94 Exercised (6,000 ) 23.00 Outstanding, June 30 13,750 $ 20.05 Exercisable, June 30 13,750 $ 20.05 The following table presents the activity during the six June 30, 2018 Weighted- average Grant Date Fair Shares Value Per Share Nonvested at January 1, 2018 14,601 $ 35.14 Granted 9,952 48.20 Forfeited (223 ) 35.31 Vested (3,905 ) 33.61 Nonvested at June 30, 2018 20,425 $ 41.80 Expected to vest at June 30, 2018 10,473 $ 35.71 The Company recognizes restricted stock forfeitures in the period they occur. Share-based compensation expense of $91,000 $45,000 three June 30, 2018 2017, $136,000 $90,000 six June 30, 2018 2017, The expected remaining compensation expense that will be recognized on restricted stock totals $141,000, $70,000 2018 $71,000 2019. |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 4 - EARNINGS PER SHARE The Company provides dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net income by the average shares outstanding. Diluted earnings per share adds the dilutive effects of stock options and restricted stock to average shares outstanding. The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings-per-share computation. For the Three For the Six Months Ended Months Ended June 30, June 30, 2018 2017 2018 2017 Weighted-average common shares outstanding 3,611,891 3,386,616 3,609,174 3,227,184 Average treasury stock shares (386,165 ) (386,165 ) (386,165 ) (386,165 ) Weighted-average common shares and common stock equivalents used to calculate basic earnings per share 3,225,726 3,000,451 3,223,009 2,841,019 Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share 14,603 13,689 15,227 13,139 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share 3,240,329 3,014,140 3,238,236 2,854,158 Options to purchase 13,750 $17.55 $23.00 , three six June 30, 2018. 20,425 None Options to purchase 21,375 $17.55 $37.48, three six June 30, 2017. 9,975 None |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 5 - FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following levels: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no not two The following tables present the assets measured on a recurring basis on the Consolidated Balance Sheet at their fair value by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2018 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: U.S. government agency securities $ - $ 7,988 $ - $ 7,988 Obligations of states and political subdivisions - 75,397 - 75,397 Mortgage-backed securities in government-sponsored entities - 16,643 - 16,643 Total debt securities - 100,028 - 100,028 Equity securities in financial institutions 406 250 - 656 Total $ 406 $ 100,278 $ - $ 100,684 December 31, 2017 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: U.S. government agency securities $ - $ 8,719 $ - $ 8,719 Obligations of states and political subdivisions - 67,429 - 67,429 Mortgage-backed securities in government-sponsored entities - 18,510 - 18,510 Total debt securities - 94,658 - 94,658 Equity securities in financial institutions 375 250 - 625 Total $ 375 $ 94,908 $ - $ 95,283 Investment Securities Available for S ale Equity Securities no not June 30, 2018. The following tables present the assets measured on a nonrecurring basis on the Consolidated Balance Sheet at their fair value by level within the fair value hierarchy. Collateral-dependent impaired loans are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken to the property’s value subsequent to the initial measurement. No six June 30, 2018. June 30, 2018 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 1,134 $ 1,134 December 31, 2017 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 3,072 $ 3,072 Other real estate owned - - 32 32 Impaired Loans third may not not $419,000 June 30, 2018. Other Real Estate Owned (OREO) no not not may The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company uses Level III inputs to determine fair value: Quantitative Information about Level III Fair Value Measurements (Dollar amounts in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) June 30, 2018 Impaired loans $ 1,134 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 100% (47.49%) Quantitative Information about Level III Fair Value Measurements (Dollar amounts in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2017 Impaired loans $ 3,072 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 86.1% (13.8%) Other real estate owned $ 32 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 10.0% ( 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs which are not ( 2 Appraisals may The estimated fair value of the Company’s financial instruments not June 30, 2018 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents (1) $ 71,246 $ 71,246 $ - $ - $ 71,246 Loans held for sale 1,132 - 1,132 - 1,132 Net loans 936,172 - - 925,076 925,076 Bank-owned life insurance (1) 15,862 15,862 - - 15,862 Federal Home Loan Bank stock (1) 3,679 3,679 - - 3,679 Accrued interest receivable (1) 3,295 3,295 - - 3,295 Financial liabilities: Deposits $ 932,246 $ 641,887 $ - $ 287,358 $ 929,245 Short-term borrowings (1) 87,833 87,833 - - 87,833 Other borrowings 18,996 - - 18,990 18,990 Accrued interest payable (1) 661 661 - - 661 ( 1 June 30, 2018, December 31, 2017 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents $ 39,886 $ 39,886 $ - $ - $ 39,886 Loans held for sale 463 - 463 - 463 Net loans 916,023 - - 913,323 913,323 Bank-owned life insurance 15,652 15,652 - - 15,652 Federal Home Loan Bank stock 3,589 3,589 - - 3,589 Accrued interest receivable 3,288 3,288 - - 3,288 Financial liabilities: Deposits $ 878,194 $ 635,207 $ - $ 242,020 $ 877,227 Short-term borrowings 74,707 74,707 - - 74,707 Other borrowings 29,065 - - 29,069 29,069 Accrued interest payable 578 578 - - 578 |
Note 6 - Accumulated Other Comp
Note 6 - Accumulated Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 6 – ACCUMULATED OTHER COMPREHENSIVE INCOME The following tables present the changes in accumulated other comprehensive income (“AOCI”) by component net of tax for the three six June 30, 2018 2017, (Dollars in thousands) Unrealized gains on available-for-sale securities (a) Balance as of March 31, 2018 $ (373 ) Other comprehensive loss before reclassification (58 ) Balance at June 30, 2018 $ (431 ) Balance as of December 31, 2017 $ 1,091 Other comprehensive loss before reclassification (1,568 ) Change in accounting principle, ASC 2016-01 (b) (141 ) Change in accounting principle, ASC 2018-02 (b) 187 Period change (1,522 ) Balance at June 30, 2018 $ (431 ) (Dollars in thousands) Unrealized gains on available-for-sale securities (a) Balance as of March 31, 2017 $ 1,032 Other comprehensive income before reclassification 783 Amount reclassified from accumulated other comprehensive income - Period change 783 Balance at June 30, 2017 $ 1,815 Balance as of December 31, 2016 $ 1,201 Other comprehensive income before reclassification 936 Amount reclassified from accumulated other comprehensive income (322 ) Period change 614 Balance at June 30, 2017 $ 1,815 (a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI. (b) Reclassifications are the result of the adoption of ASUs 2016 01 2018 02 January 1, 2018. The following tables present significant amounts reclassified from or to each component of AOCI: Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Statement Where (Dollars in thousands) For the Six Months Ended Net Income is Details about other comprehensive income June 30, 2018 June 30, 2017 Presented Unrealized gains on available-for-sale securities (a) $ - $ 488 Investment securities gains on sale, net Income taxes - (166 ) $ - $ 322 (a) For unrealized gains on available-for-sale securities, amounts in parentheses indicate expenses and other amounts indicate income. There were no three June 30, 2018 June 30, 2017. |
Note 7 - Investment and Equity
Note 7 - Investment and Equity Securities | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 7 – INVESTMENT AND EQUITY SECURITIES The amortized cost and fair values of investment securities are as follows: June 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value U.S. government agency securities $ 8,052 $ 43 $ (107 ) $ 7,988 Obligations of states and political subdivisions: Taxable 503 11 - 514 Tax-exempt 74,767 786 (670 ) 74,883 Mortgage-backed securities in government-sponsored entities 17,249 44 (650 ) 16,643 Total $ 100,571 $ 884 $ (1,427 ) $ 100,028 December 31, 2017 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value U.S. government agency securities $ 8,664 $ 126 $ (71 ) $ 8,719 Obligations of states and political subdivisions: Taxable 504 8 - 512 Tax-exempt 65,408 1,547 (38 ) 66,917 Mortgage-backed securities in government-sponsored entities 18,640 157 (287 ) 18,510 Total debt securities 93,216 1,838 (396 ) 94,658 Equity securities in financial institutions 415 210 - 625 Total $ 93,631 $ 2,048 $ (396 ) $ 95,283 The Company held one June 30, 2018. $250,000, no The Company recognized net gains on equity investments of $13,000 $31,000, three six June 30, 2018. No The amortized cost and fair value of debt securities at June 30, 2018, may Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 5,676 $ 5,729 Due after one year through five years 6,202 6,267 Due after five years through ten years 12,267 12,156 Due after ten years 76,426 75,876 Total $ 100,571 $ 100,028 Proceeds from the sales of investment securities and the gross realized gains and losses are as follows: (Dollar amounts in thousands) For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Proceeds from sales $ - $ 2,678 $ - $ 2,678 Gross realized gains - - - 488 (1) Gross realized losses - - - - ( 1 $488,000. six June 30, 2017. Investment securities with an approximate carrying value of $67.9 $57.9 June 30, 2018 December 31, 2017, The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. June 30, 2018 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollar amounts in thousands) Value Losses Value Losses Value Losses U.S. government agency securities $ 495 $ (13 ) $ 3,816 $ (94 ) $ 4,311 $ (107 ) Obligations of states and political subdivisions: Tax-exempt 27,247 (571 ) 2,713 (99 ) 29,960 (670 ) Mortgage-backed securities in government-sponsored entities 4,905 (209 ) 8,520 (441 ) 13,425 (650 ) Total $ 32,647 $ (793 ) $ 15,049 $ (634 ) $ 47,696 $ (1,427 ) December 31, 2017 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollar amounts in thousands) Value Losses Value Losses Value Losses U.S. government agency securities $ 557 $ (4 ) $ 4,036 $ (67 ) $ 4,593 $ (71 ) Obligations of states and political subdivisions: Tax-exempt 1,009 (6 ) 2,784 (32 ) 3,793 (38 ) Mortgage-backed securities in government-sponsored entities 5,698 (71 ) 8,734 (216 ) 14,432 (287 ) Total $ 7,264 $ (81 ) $ 15,554 $ (315 ) $ 22,818 $ (396 ) There were 87 June 30, 2018. On a quarterly basis, the Company performs an assessment to determine whether there have been any events or economic circumstances indicating that a security with an unrealized loss has suffered other-than-temporary impairment (“OTTI”). A debt security is considered impaired if the fair value is less than its amortized cost basis at the reporting date. The Company assesses whether the unrealized loss is other than temporary. OTTI losses are recognized in earnings when the Company has the intent to sell the debt security or it is more likely than not not An unrealized loss is generally deemed to be other than temporary and a credit loss is deemed to exist if the present value of the expected future cash flows is less than the amortized cost basis of the debt security. As a result, the credit loss of an OTTI is recorded as a component of investment securities gains (losses) in the accompanying Consolidated Statement of Income, while the remaining portion of the impairment loss is recognized in other comprehensive income, provided the Company does not not” not Debt securities issued by U.S. government agencies, U.S. government-sponsored enterprises, and state and political subdivisions accounted for 100% June 30, 2018 no • The length of time and the extent to which the fair value has been less than the amortized cost basis. • Changes in the near-term prospects of the underlying collateral of a security such as changes in default rates, loss severity given default and significant changes in prepayment assumptions; • The level of cash flows generated from the underlying collateral supporting the principal and interest payments of the debt securities; and, • Any adverse change to the credit conditions and liquidity of the issuer, taking into consideration the latest information available about the overall financial condition of the issuer, credit ratings, recent legislation and government actions affecting the issuer’s industry and actions taken by the issuer to deal with the present economic climate. For the six June 30, 2018 2017, no not June 30, 2018 December 31, 2017 not |
Note 8 - Loans and Related Allo
Note 8 - Loans and Related Allowance for Loan and Lease Losses | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 8 - LOANS AND RELATED ALLOWANCE FOR LOAN AND LEASE LOSSES Major classifications of loans are summarized as follows (in thousands): June 30, December 31, 2018 2017 Commercial and industrial $ 101,975 $ 101,346 Real estate - construction 45,647 47,017 Real estate - mortgage: Residential 320,858 318,157 Commercial 457,050 437,947 Consumer installment 18,144 18,746 943,674 923,213 Less: Allowance for loan and lease losses (7,502 ) (7,190 ) Net loans $ 936,172 $ 916,023 The amounts above include deferred loan origination costs of $1.5 June 30, 2018 December 31, 2017. The Company’s primary business activity is with customers located within its local Northeastern Ohio trade area, Geauga County, and contiguous counties. The Company also serves the central Ohio market with offices in Dublin, Sunbury and Westerville, Ohio. Commercial, residential, consumer, and agricultural loans are granted. Although the Company has a diversified loan portfolio, loans outstanding to individuals and businesses are dependent upon the local economic conditions in the Company’s immediate trade area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances net of the allowance for loan and lease losses. Interest income is recognized on the accrual method. The accrual of interest is discontinued on a loan when management believes, after considering economic and business conditions, the borrower’s financial condition is such that collection of interest is doubtful. Interest payments received on nonaccrual loans are applied against the unpaid principal balance until nonaccrual status is restored. Loan origination fees and certain direct loan origination costs are deferred with the net amount amortized over the contractual life of the loan as an adjustment of the related loan’s yield. The following tables summarize the primary segments of the loan portfolio and allowance for loan and lease losses (in thousands): Real Estate - Mortgage June 30, 2018 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Loans: Individually evaluated for impairment $ 2,923 $ - $ 2,652 $ 6,209 $ 3 $ 11,787 Collectively evaluated for impairment 99,052 45,647 318,206 450,841 18,141 931,887 Total loans $ 101,975 $ 45,647 $ 320,858 $ 457,050 $ 18,144 $ 943,674 Real Estate - Mortgage December 31, 2017 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Loans: Individually evaluated for impairment $ 3,627 $ 44 $ 2,824 $ 5,610 $ 4 $ 12,109 Collectively evaluated for impairment 97,719 46,973 315,333 432,337 18,742 911,104 Total loans $ 101,346 $ 47,017 $ 318,157 $ 437,947 $ 18,746 $ 923,213 Real Estate - Mortgage June 30, 2018 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Allowance for loan and lease losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 879 $ - $ 82 $ 607 $ 1 $ 1,569 Collectively evaluated for impairment 301 89 1,661 3,754 128 5,933 Total ending allowance balance $ 1,180 $ 89 $ 1,743 $ 4,361 $ 129 $ 7,502 Real Estate - Mortgage December 31, 2017 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Allowance for loan and lease losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 694 $ - $ 140 $ 733 $ - $ 1,567 Collectively evaluated for impairment 305 313 1,620 3,303 82 5,623 Total ending allowance balance $ 999 $ 313 $ 1,760 $ 4,036 $ 82 $ 7,190 The Company’s loan portfolio is segmented to a level that allows management to monitor risk and performance. The portfolio is segmented into Commercial and Industrial (“C&I”), Real Estate Construction, Real Estate - Mortgage which is further segmented into Residential and Commercial real estate (“CRE”), and Consumer Installment Loans. The C&I loan segment consists of loans made for the purpose of financing the activities of commercial customers. The residential mortgage loan segment consists of loans made for the purpose of financing the activities of residential homeowners. The commercial mortgage loan segment consists of loans made for the purpose of financing the activities of commercial real estate owners and operators. The consumer loan segment consists primarily of installment loans and overdraft lines of credit connected with customer deposit accounts. The increases in the allowance for loan loss for C&I, Residential, CRE, and Consumer Installment loan portfolios were partially offset by a decrease in the allowance for the Real Estate Construction portfolio. Management evaluates individual loans in all of the commercial segments for possible impairment based on guidance established by the Board of Directors. Loans are considered to be impaired when, based on current information and events, it is probable that the Company 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 evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company does not Once the determination has been made that a loan is impaired, the determination of whether a specific allocation of the allowance is necessary is measured by comparing the recorded investment in the loan to the fair value of the loan using one not The following tables present impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not June 30, 2018 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial and industrial $ 339 $ 538 $ - Real estate - mortgage: Residential 1,812 2,085 - Commercial 2,002 2,164 - Total $ 4,153 $ 4,787 $ - With an allowance recorded: Commercial and industrial $ 2,584 $ 3,278 $ 879 Real estate - mortgage: Residential 840 962 82 Commercial 4,207 4,319 607 Consumer installment 3 3 1 Total $ 7,634 $ 8,562 $ 1,569 Total: Commercial and industrial $ 2,923 $ 3,816 $ 879 Real estate - mortgage: Residential 2,652 3,047 82 Commercial 6,209 6,483 607 Consumer installment 3 3 1 Total $ 11,787 $ 13,349 $ 1,569 December 31, 2017 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial and industrial $ 450 $ 1,006 $ - Real estate - construction 44 44 - Real estate - mortgage: Residential 1,685 1,904 - Commercial 1,870 1,984 - Consumer installment 4 4 - Total $ 4,053 $ 4,942 $ - With an allowance recorded: Commercial and industrial $ 3,177 $ 3,888 $ 694 Real estate - mortgage: Residential 1,139 1,179 140 Commercial 3,740 3,913 733 Total $ 8,056 $ 8,980 $ 1,567 Total: Commercial and industrial $ 3,627 $ 4,894 $ 694 Real estate - construction 44 44 - Real estate - mortgage: Residential 2,824 3,083 140 Commercial 5,610 5,897 733 Consumer installment 4 4 - Total $ 12,109 $ 13,922 $ 1,567 The tables above include troubled debt restructurings totaling $3.1 June 30, 2018 $5.4 December 31, 2017. The following tables present the average balance and interest income by class, recognized on impaired loans (in thousands): For the Three Months Ended June 30, 2018 For the Six Months Ended June 30, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial and industrial $ 4,277 $ 23 $ 3,644 $ 47 Real estate - construction 142 - 283 - Real estate - mortgage: Residential 2,772 13 2,871 27 Commercial 6,464 51 6,583 102 Consumer installment 4 - 4 - Total $ 13,659 $ 87 $ 13,385 $ 176 For the Three Months Ended June 30, 2017 For the Six Months Ended June 30, 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial and industrial $ 2,228 $ 57 $ 1,889 $ 141 Real estate - construction 676 1 877 1 Real estate - mortgage: Residential 3,131 28 3,264 50 Commercial 8,643 95 8,223 183 Consumer installment 5 - 5 - Total $ 14,683 $ 181 $ 14,258 $ 375 Management uses a nine first five not not not 90 To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Company has a structured loan-rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as bankruptcy, repossession, or death, occurs to raise awareness of a possible credit event. The Company’s Commercial Loan Officers are responsible for the timely and accurate risk rating of the loans in their portfolios at origination and on an ongoing basis with the Chief Credit Officer ultimately responsible for accurate and timely risk ratings. The Credit Department performs an annual review of all commercial relationships with loan balances of $500,000 $250,000 $125,000. The primary risk of commercial and industrial loans is the current economic uncertainties. C&I loans are, by nature, secured by less substantial collateral than real estate-secured loans. The primary risk of real estate construction loans is potential delays and disputes during the completion process. The primary risk of residential real estate loans is current economic uncertainties along with the slow recovery in the housing market. The primary risk of commercial real estate loans is loss of income of the owner or occupier of the property and the inability of the market to sustain rent levels. Consumer installment loans historically have experienced higher delinquency rates. Consumer installments are typically secured by less substantial collateral than other types of credits. The following tables present the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk-rating system (in thousands): Special Total June 30, 2018 Pass Mention Substandard Doubtful Loans Commercial and industrial $ 95,486 $ 3,095 $ 3,394 $ - $ 101,975 Real estate - construction 44,289 1,358 - - 45,647 Real estate - mortgage: Residential 315,277 706 4,875 - 320,858 Commercial 446,026 5,859 5,165 - 457,050 Consumer installment 17,969 - 175 - 18,144 Total $ 919,047 $ 11,018 $ 13,609 $ - $ 943,674 Special Total December 31, 2017 Pass Mention Substandard Doubtful Loans Commercial and industrial $ 95,621 $ 1,942 $ 3,783 $ - $ 101,346 Real estate - construction 46,995 - 22 - 47,017 Real estate - mortgage: Residential 312,176 723 5,258 - 318,157 Commercial 424,225 9,164 4,558 - 437,947 Consumer installment 18,742 - 4 - 18,746 Total $ 897,759 $ 11,829 $ 13,625 $ - $ 923,213 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. Nonperforming assets include nonaccrual loans, TDRs, loans 90 The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans (in thousands): 30-59 Days 60-89 Days 90 Days+ Total Total June 30, 2018 Current Past Due Past Due Past Due Past Due Loans Commercial and industrial $ 101,459 $ 50 $ 45 $ 421 $ 516 $ 101,975 Real estate - construction 45,647 - - - - 45,647 Real estate - mortgage: Residential 316,239 2,620 853 1,146 4,619 320,858 Commercial 456,006 67 - 977 1,044 457,050 Consumer installment 18,124 14 6 - 20 18,144 Total $ 937,475 $ 2,751 $ 904 $ 2,544 $ 6,199 $ 943,674 30-59 Days 60-89 Days 90 Days+ Total Total December 31, 2017 Current Past Due Past Due Past Due Past Due Loans Commercial and industrial $ 99,633 $ 1,607 $ 29 $ 77 $ 1,713 $ 101,346 Real estate - construction 47,017 - - - - 47,017 Real estate - mortgage: Residential 314,866 1,977 227 1,087 3,291 318,157 Commercial 434,879 1,907 1 1,160 3,068 437,947 Consumer installment 18,736 10 - - 10 18,746 Total $ 915,131 $ 5,501 $ 257 $ 2,324 $ 8,082 $ 923,213 The following tables present the classes of the loan portfolio summarized by nonaccrual loans (in thousands): 90+ Days Past June 30, 2018 Nonaccrual Due and Accruing Commercial and industrial $ 1,411 $ 15 Real estate - construction - - Real estate - mortgage: Residential 3,843 - Commercial 3,102 - Consumer installment 1 - Total $ 8,357 $ 15 90+ Days Past December 31, 2017 Nonaccrual Due and Accruing Commercial and industrial $ 1,120 $ - Real estate - construction - - Real estate - mortgage: Residential 4,002 - Commercial 3,311 - Consumer installment - - Total $ 8,433 $ - Interest income that would have been recorded had these loans not $654,000 six June 30, 2018 $437,000 December 31, 2017. An allowance for loan and lease losses (“ALLL”) is maintained to absorb losses from the loan portfolio. The ALLL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of nonperforming loans. The Company’s methodology for determining the ALLL is based on the requirements of ASC Section 310 10 35 450 20 two may Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by other qualitative factors. The classes described above, which are based on the purpose code assigned to each loan, provide the starting point for the ALLL analysis. Management tracks the historical net charge-off activity at the purpose code level. The historical charge-off factor was calculated using the last twelve Management has identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are: national and local economic trends and conditions; levels of and trends in delinquency rates and nonaccrual loans; trends in volumes and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; value of underlying collateral; and concentrations of credit from a loan type, industry and/or geographic standpoint. Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALLL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALLL. The following tables summarize the primary segments of the loan portfolio and the activity within those segments (in thousands): Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at December 31, 2017 $ 999 $ 313 $ 1,760 $ 4,036 $ 82 $ 7,190 Charge-offs (9 ) - (74 ) (111 ) (135 ) (329 ) Recoveries 140 17 29 - 35 221 Provision 50 (241 ) 28 436 147 420 ALLL balance at June 30, 2018 $ 1,180 $ 89 $ 1,743 $ 4,361 $ 129 $ 7,502 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at December 31, 2016 $ 448 $ 172 $ 2,818 $ 3,135 $ 25 $ 6,598 Charge-offs (435 ) - (74 ) (19 ) (154 ) (682 ) Recoveries 144 22 14 - 174 354 Provision 456 8 (991 ) 896 (34 ) 335 ALLL balance at June 30, 2017 $ 613 $ 202 $ 1,767 $ 4,012 $ 11 $ 6,605 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at March 31, 2018 $ 1,256 $ 92 $ 1,782 $ 4,323 $ 98 $ 7,551 Charge-offs - - (74 ) (111 ) (130 ) (315 ) Recoveries 29 - 10 - 17 56 Provision (105 ) (3 ) 25 149 144 210 ALLL balance at June 30, 2018 $ 1,180 $ 89 $ 1,743 $ 4,361 $ 129 $ 7,502 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at March 31, 2017 $ 616 $ 186 $ 2,523 $ 3,378 $ 17 $ 6,720 Charge-offs (415 ) - (7 ) - (52 ) (474 ) Recoveries 65 6 7 - 111 189 Provision 347 10 (756 ) 634 (65 ) 170 ALLL balance at June 30, 2017 $ 613 $ 202 $ 1,767 $ 4,012 $ 11 $ 6,605 The negative provision allocated to real estate construction loans in the amount of $241,000 six June 30, 2018 0.127% 0.775% first 2018. The ALLL balance for real estate-commercial mortgage loans as of June 30, 2018 8.7% June 30, 2017, The negative provision allocated to residential real estate loans in the amount of $991,000 six June 30, 2017 The following tables summarize troubled debt restructurings (in thousands): For the Three Months Ended June 30, 2018 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Residential real estate 1 - 1 $ 113 $ 113 For the Six Months Ended June 30, 2018 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Residential real estate 2 - 2 160 160 For the Three Months Ended June 30, 2017 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Commercial and industrial - 1 1 $ 904 $ 905 Residential real estate 1 - 1 7 7 For the Six Months Ended June 30, 2017 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Commercial and industrial 1 1 2 $ 954 $ 955 Residential real estate 2 - 2 10 10 The following table summarizes TDR modifications within the previous 12 three six June 30, 2018 June 30, 2017, For the Six Months Ended June 30, 2018 Troubled Debt Restructurings Number of Recorded subsequently defaulted Contracts Investment Residential real estate 2 $ 215 One $33,000, six June 30, 2017. no three June 30, 2018 June 30, 2017. |
Note 2 - Revenue Recognition (T
Note 2 - Revenue Recognition (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | For the Three Months Ended June 30, For the Six Months Ended June 30, Noninterest Income 2018 2017 2018 2017 (Dollar amounts in thousands) Service charges on deposit accounts: Overdraft fees $ 197 $ 182 $ 390 $ 374 ATM banking fees 214 205 415 319 Service charges and other fees 61 62 120 225 Investment securities gains on sale, net (a) - - - 488 Equity securities, unrealized gains (a) 13 - 31 - Earnings on bank-owned life insurance (a) 98 98 210 207 Gain on sale of loans (a) 117 231 121 465 Other income 305 211 504 422 Total noninterest income $ 1,005 $ 989 $ 1,791 $ 2,500 |
Note 3 - Stock-based Compensa18
Note 3 - Stock-based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Weighted- average Shares Exercise Price 2018 Per Share Outstanding, January 1 19,750 $ 20.94 Exercised (6,000 ) 23.00 Outstanding, June 30 13,750 $ 20.05 Exercisable, June 30 13,750 $ 20.05 |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Weighted- average Grant Date Fair Shares Value Per Share Nonvested at January 1, 2018 14,601 $ 35.14 Granted 9,952 48.20 Forfeited (223 ) 35.31 Vested (3,905 ) 33.61 Nonvested at June 30, 2018 20,425 $ 41.80 Expected to vest at June 30, 2018 10,473 $ 35.71 |
Note 4 - Earnings Per Share (Ta
Note 4 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Weighted Average Number of Shares [Table Text Block] | For the Three For the Six Months Ended Months Ended June 30, June 30, 2018 2017 2018 2017 Weighted-average common shares outstanding 3,611,891 3,386,616 3,609,174 3,227,184 Average treasury stock shares (386,165 ) (386,165 ) (386,165 ) (386,165 ) Weighted-average common shares and common stock equivalents used to calculate basic earnings per share 3,225,726 3,000,451 3,223,009 2,841,019 Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share 14,603 13,689 15,227 13,139 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share 3,240,329 3,014,140 3,238,236 2,854,158 |
Note 5 - Fair Value Measureme20
Note 5 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | June 30, 2018 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: U.S. government agency securities $ - $ 7,988 $ - $ 7,988 Obligations of states and political subdivisions - 75,397 - 75,397 Mortgage-backed securities in government-sponsored entities - 16,643 - 16,643 Total debt securities - 100,028 - 100,028 Equity securities in financial institutions 406 250 - 656 Total $ 406 $ 100,278 $ - $ 100,684 December 31, 2017 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: U.S. government agency securities $ - $ 8,719 $ - $ 8,719 Obligations of states and political subdivisions - 67,429 - 67,429 Mortgage-backed securities in government-sponsored entities - 18,510 - 18,510 Total debt securities - 94,658 - 94,658 Equity securities in financial institutions 375 250 - 625 Total $ 375 $ 94,908 $ - $ 95,283 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | June 30, 2018 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 1,134 $ 1,134 December 31, 2017 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 3,072 $ 3,072 Other real estate owned - - 32 32 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Quantitative Information about Level III Fair Value Measurements (Dollar amounts in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) June 30, 2018 Impaired loans $ 1,134 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 100% (47.49%) Quantitative Information about Level III Fair Value Measurements (Dollar amounts in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2017 Impaired loans $ 3,072 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 86.1% (13.8%) Other real estate owned $ 32 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 10.0% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | June 30, 2018 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents (1) $ 71,246 $ 71,246 $ - $ - $ 71,246 Loans held for sale 1,132 - 1,132 - 1,132 Net loans 936,172 - - 925,076 925,076 Bank-owned life insurance (1) 15,862 15,862 - - 15,862 Federal Home Loan Bank stock (1) 3,679 3,679 - - 3,679 Accrued interest receivable (1) 3,295 3,295 - - 3,295 Financial liabilities: Deposits $ 932,246 $ 641,887 $ - $ 287,358 $ 929,245 Short-term borrowings (1) 87,833 87,833 - - 87,833 Other borrowings 18,996 - - 18,990 18,990 Accrued interest payable (1) 661 661 - - 661 December 31, 2017 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents $ 39,886 $ 39,886 $ - $ - $ 39,886 Loans held for sale 463 - 463 - 463 Net loans 916,023 - - 913,323 913,323 Bank-owned life insurance 15,652 15,652 - - 15,652 Federal Home Loan Bank stock 3,589 3,589 - - 3,589 Accrued interest receivable 3,288 3,288 - - 3,288 Financial liabilities: Deposits $ 878,194 $ 635,207 $ - $ 242,020 $ 877,227 Short-term borrowings 74,707 74,707 - - 74,707 Other borrowings 29,065 - - 29,069 29,069 Accrued interest payable 578 578 - - 578 |
Note 6 - Accumulated Other Co21
Note 6 - Accumulated Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | (Dollars in thousands) Unrealized gains on available-for-sale securities (a) Balance as of March 31, 2018 $ (373 ) Other comprehensive loss before reclassification (58 ) Balance at June 30, 2018 $ (431 ) Balance as of December 31, 2017 $ 1,091 Other comprehensive loss before reclassification (1,568 ) Change in accounting principle, ASC 2016-01 (b) (141 ) Change in accounting principle, ASC 2018-02 (b) 187 Period change (1,522 ) Balance at June 30, 2018 $ (431 ) (Dollars in thousands) Unrealized gains on available-for-sale securities (a) Balance as of March 31, 2017 $ 1,032 Other comprehensive income before reclassification 783 Amount reclassified from accumulated other comprehensive income - Period change 783 Balance at June 30, 2017 $ 1,815 Balance as of December 31, 2016 $ 1,201 Other comprehensive income before reclassification 936 Amount reclassified from accumulated other comprehensive income (322 ) Period change 614 Balance at June 30, 2017 $ 1,815 |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Statement Where (Dollars in thousands) For the Six Months Ended Net Income is Details about other comprehensive income June 30, 2018 June 30, 2017 Presented Unrealized gains on available-for-sale securities (a) $ - $ 488 Investment securities gains on sale, net Income taxes - (166 ) $ - $ 322 |
Note 7 - Investment and Equit22
Note 7 - Investment and Equity Securities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | June 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value U.S. government agency securities $ 8,052 $ 43 $ (107 ) $ 7,988 Obligations of states and political subdivisions: Taxable 503 11 - 514 Tax-exempt 74,767 786 (670 ) 74,883 Mortgage-backed securities in government-sponsored entities 17,249 44 (650 ) 16,643 Total $ 100,571 $ 884 $ (1,427 ) $ 100,028 December 31, 2017 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value U.S. government agency securities $ 8,664 $ 126 $ (71 ) $ 8,719 Obligations of states and political subdivisions: Taxable 504 8 - 512 Tax-exempt 65,408 1,547 (38 ) 66,917 Mortgage-backed securities in government-sponsored entities 18,640 157 (287 ) 18,510 Total debt securities 93,216 1,838 (396 ) 94,658 Equity securities in financial institutions 415 210 - 625 Total $ 93,631 $ 2,048 $ (396 ) $ 95,283 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 5,676 $ 5,729 Due after one year through five years 6,202 6,267 Due after five years through ten years 12,267 12,156 Due after ten years 76,426 75,876 Total $ 100,571 $ 100,028 |
Realized Gain (Loss) on Investments [Table Text Block] | (Dollar amounts in thousands) For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Proceeds from sales $ - $ 2,678 $ - $ 2,678 Gross realized gains - - - 488 (1) Gross realized losses - - - - |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30, 2018 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollar amounts in thousands) Value Losses Value Losses Value Losses U.S. government agency securities $ 495 $ (13 ) $ 3,816 $ (94 ) $ 4,311 $ (107 ) Obligations of states and political subdivisions: Tax-exempt 27,247 (571 ) 2,713 (99 ) 29,960 (670 ) Mortgage-backed securities in government-sponsored entities 4,905 (209 ) 8,520 (441 ) 13,425 (650 ) Total $ 32,647 $ (793 ) $ 15,049 $ (634 ) $ 47,696 $ (1,427 ) December 31, 2017 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollar amounts in thousands) Value Losses Value Losses Value Losses U.S. government agency securities $ 557 $ (4 ) $ 4,036 $ (67 ) $ 4,593 $ (71 ) Obligations of states and political subdivisions: Tax-exempt 1,009 (6 ) 2,784 (32 ) 3,793 (38 ) Mortgage-backed securities in government-sponsored entities 5,698 (71 ) 8,734 (216 ) 14,432 (287 ) Total $ 7,264 $ (81 ) $ 15,554 $ (315 ) $ 22,818 $ (396 ) |
Note 8 - Loans and Related Al23
Note 8 - Loans and Related Allowance for Loan and Lease Losses (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, 2018 2017 Commercial and industrial $ 101,975 $ 101,346 Real estate - construction 45,647 47,017 Real estate - mortgage: Residential 320,858 318,157 Commercial 457,050 437,947 Consumer installment 18,144 18,746 943,674 923,213 Less: Allowance for loan and lease losses (7,502 ) (7,190 ) Net loans $ 936,172 $ 916,023 |
Schedule Of Financing Receivable By Segment [Table Text Block] | Real Estate - Mortgage June 30, 2018 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Loans: Individually evaluated for impairment $ 2,923 $ - $ 2,652 $ 6,209 $ 3 $ 11,787 Collectively evaluated for impairment 99,052 45,647 318,206 450,841 18,141 931,887 Total loans $ 101,975 $ 45,647 $ 320,858 $ 457,050 $ 18,144 $ 943,674 Real Estate - Mortgage December 31, 2017 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Loans: Individually evaluated for impairment $ 3,627 $ 44 $ 2,824 $ 5,610 $ 4 $ 12,109 Collectively evaluated for impairment 97,719 46,973 315,333 432,337 18,742 911,104 Total loans $ 101,346 $ 47,017 $ 318,157 $ 437,947 $ 18,746 $ 923,213 |
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block] | Real Estate - Mortgage June 30, 2018 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Allowance for loan and lease losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 879 $ - $ 82 $ 607 $ 1 $ 1,569 Collectively evaluated for impairment 301 89 1,661 3,754 128 5,933 Total ending allowance balance $ 1,180 $ 89 $ 1,743 $ 4,361 $ 129 $ 7,502 Real Estate - Mortgage December 31, 2017 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Allowance for loan and lease losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 694 $ - $ 140 $ 733 $ - $ 1,567 Collectively evaluated for impairment 305 313 1,620 3,303 82 5,623 Total ending allowance balance $ 999 $ 313 $ 1,760 $ 4,036 $ 82 $ 7,190 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at December 31, 2017 $ 999 $ 313 $ 1,760 $ 4,036 $ 82 $ 7,190 Charge-offs (9 ) - (74 ) (111 ) (135 ) (329 ) Recoveries 140 17 29 - 35 221 Provision 50 (241 ) 28 436 147 420 ALLL balance at June 30, 2018 $ 1,180 $ 89 $ 1,743 $ 4,361 $ 129 $ 7,502 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at December 31, 2016 $ 448 $ 172 $ 2,818 $ 3,135 $ 25 $ 6,598 Charge-offs (435 ) - (74 ) (19 ) (154 ) (682 ) Recoveries 144 22 14 - 174 354 Provision 456 8 (991 ) 896 (34 ) 335 ALLL balance at June 30, 2017 $ 613 $ 202 $ 1,767 $ 4,012 $ 11 $ 6,605 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at March 31, 2018 $ 1,256 $ 92 $ 1,782 $ 4,323 $ 98 $ 7,551 Charge-offs - - (74 ) (111 ) (130 ) (315 ) Recoveries 29 - 10 - 17 56 Provision (105 ) (3 ) 25 149 144 210 ALLL balance at June 30, 2018 $ 1,180 $ 89 $ 1,743 $ 4,361 $ 129 $ 7,502 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at March 31, 2017 $ 616 $ 186 $ 2,523 $ 3,378 $ 17 $ 6,720 Charge-offs (415 ) - (7 ) - (52 ) (474 ) Recoveries 65 6 7 - 111 189 Provision 347 10 (756 ) 634 (65 ) 170 ALLL balance at June 30, 2017 $ 613 $ 202 $ 1,767 $ 4,012 $ 11 $ 6,605 |
Impaired Financing Receivables [Table Text Block] | June 30, 2018 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial and industrial $ 339 $ 538 $ - Real estate - mortgage: Residential 1,812 2,085 - Commercial 2,002 2,164 - Total $ 4,153 $ 4,787 $ - With an allowance recorded: Commercial and industrial $ 2,584 $ 3,278 $ 879 Real estate - mortgage: Residential 840 962 82 Commercial 4,207 4,319 607 Consumer installment 3 3 1 Total $ 7,634 $ 8,562 $ 1,569 Total: Commercial and industrial $ 2,923 $ 3,816 $ 879 Real estate - mortgage: Residential 2,652 3,047 82 Commercial 6,209 6,483 607 Consumer installment 3 3 1 Total $ 11,787 $ 13,349 $ 1,569 December 31, 2017 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial and industrial $ 450 $ 1,006 $ - Real estate - construction 44 44 - Real estate - mortgage: Residential 1,685 1,904 - Commercial 1,870 1,984 - Consumer installment 4 4 - Total $ 4,053 $ 4,942 $ - With an allowance recorded: Commercial and industrial $ 3,177 $ 3,888 $ 694 Real estate - mortgage: Residential 1,139 1,179 140 Commercial 3,740 3,913 733 Total $ 8,056 $ 8,980 $ 1,567 Total: Commercial and industrial $ 3,627 $ 4,894 $ 694 Real estate - construction 44 44 - Real estate - mortgage: Residential 2,824 3,083 140 Commercial 5,610 5,897 733 Consumer installment 4 4 - Total $ 12,109 $ 13,922 $ 1,567 |
Schedule of Additional Information Related to Impaired Loans [Table Text Block] | For the Three Months Ended June 30, 2018 For the Six Months Ended June 30, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial and industrial $ 4,277 $ 23 $ 3,644 $ 47 Real estate - construction 142 - 283 - Real estate - mortgage: Residential 2,772 13 2,871 27 Commercial 6,464 51 6,583 102 Consumer installment 4 - 4 - Total $ 13,659 $ 87 $ 13,385 $ 176 For the Three Months Ended June 30, 2017 For the Six Months Ended June 30, 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial and industrial $ 2,228 $ 57 $ 1,889 $ 141 Real estate - construction 676 1 877 1 Real estate - mortgage: Residential 3,131 28 3,264 50 Commercial 8,643 95 8,223 183 Consumer installment 5 - 5 - Total $ 14,683 $ 181 $ 14,258 $ 375 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Special Total June 30, 2018 Pass Mention Substandard Doubtful Loans Commercial and industrial $ 95,486 $ 3,095 $ 3,394 $ - $ 101,975 Real estate - construction 44,289 1,358 - - 45,647 Real estate - mortgage: Residential 315,277 706 4,875 - 320,858 Commercial 446,026 5,859 5,165 - 457,050 Consumer installment 17,969 - 175 - 18,144 Total $ 919,047 $ 11,018 $ 13,609 $ - $ 943,674 Special Total December 31, 2017 Pass Mention Substandard Doubtful Loans Commercial and industrial $ 95,621 $ 1,942 $ 3,783 $ - $ 101,346 Real estate - construction 46,995 - 22 - 47,017 Real estate - mortgage: Residential 312,176 723 5,258 - 318,157 Commercial 424,225 9,164 4,558 - 437,947 Consumer installment 18,742 - 4 - 18,746 Total $ 897,759 $ 11,829 $ 13,625 $ - $ 923,213 |
Past Due Financing Receivables [Table Text Block] | 30-59 Days 60-89 Days 90 Days+ Total Total June 30, 2018 Current Past Due Past Due Past Due Past Due Loans Commercial and industrial $ 101,459 $ 50 $ 45 $ 421 $ 516 $ 101,975 Real estate - construction 45,647 - - - - 45,647 Real estate - mortgage: Residential 316,239 2,620 853 1,146 4,619 320,858 Commercial 456,006 67 - 977 1,044 457,050 Consumer installment 18,124 14 6 - 20 18,144 Total $ 937,475 $ 2,751 $ 904 $ 2,544 $ 6,199 $ 943,674 30-59 Days 60-89 Days 90 Days+ Total Total December 31, 2017 Current Past Due Past Due Past Due Past Due Loans Commercial and industrial $ 99,633 $ 1,607 $ 29 $ 77 $ 1,713 $ 101,346 Real estate - construction 47,017 - - - - 47,017 Real estate - mortgage: Residential 314,866 1,977 227 1,087 3,291 318,157 Commercial 434,879 1,907 1 1,160 3,068 437,947 Consumer installment 18,736 10 - - 10 18,746 Total $ 915,131 $ 5,501 $ 257 $ 2,324 $ 8,082 $ 923,213 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | 90+ Days Past June 30, 2018 Nonaccrual Due and Accruing Commercial and industrial $ 1,411 $ 15 Real estate - construction - - Real estate - mortgage: Residential 3,843 - Commercial 3,102 - Consumer installment 1 - Total $ 8,357 $ 15 90+ Days Past December 31, 2017 Nonaccrual Due and Accruing Commercial and industrial $ 1,120 $ - Real estate - construction - - Real estate - mortgage: Residential 4,002 - Commercial 3,311 - Consumer installment - - Total $ 8,433 $ - |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | For the Three Months Ended June 30, 2018 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Residential real estate 1 - 1 $ 113 $ 113 For the Six Months Ended June 30, 2018 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Residential real estate 2 - 2 160 160 For the Three Months Ended June 30, 2017 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Commercial and industrial - 1 1 $ 904 $ 905 Residential real estate 1 - 1 7 7 For the Six Months Ended June 30, 2017 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Commercial and industrial 1 1 2 $ 954 $ 955 Residential real estate 2 - 2 10 10 |
Subsequently Defaulted [Member] | |
Notes Tables | |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | For the Six Months Ended June 30, 2018 Troubled Debt Restructurings Number of Recorded subsequently defaulted Contracts Investment Residential real estate 2 $ 215 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) | Jan. 01, 2018USD ($) |
Accounting Standards Update 2016-01 [Member] | |
Reclassification of AOCI and Retained Earnings | $ 141,000 |
Accounting Standards Update 2018-02 [Member] | |
Tax Cuts and Jobs Act of 2017 Reclassification From AOCI to Retained Earnings Tax Effect | $ 187,000 |
Note 2 - Revenue Recognition (D
Note 2 - Revenue Recognition (Details Textual) | 6 Months Ended |
Jun. 30, 2018 | |
Revenue from Interest Income and Noninterest Income, Percent | 93.10% |
Note 2 - Revenue Recognition -
Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | ||
Investment securities gains on sale, net | [1] | $ 488,000 | |||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | [1] | 13,000 | 31,000 | ||
Earnings on bank-owned life insurance | [1] | 98,000 | 98,000 | 210,000 | 207,000 |
Gain on sale of loans | [1] | 117,000 | 231,000 | 121,000 | 465,000 |
Total noninterest income | 1,005,000 | 989,000 | 1,791,000 | 2,500,000 | |
Overdraft Fees [Member] | |||||
Noninterest income revenue | 197,000 | 182,000 | 390,000 | 374,000 | |
ATM Banking Fees [Member] | |||||
Noninterest income revenue | 214,000 | 205,000 | 415,000 | 319,000 | |
Service Charge and Other Fees [Member] | |||||
Noninterest income revenue | 61,000 | 62,000 | 120,000 | 225,000 | |
Financial Service, Other [Member] | |||||
Noninterest income revenue | $ 305,000 | $ 211,000 | $ 504,000 | $ 422,000 | |
[1] | Not within scope of ASC 606. |
Note 3 - Stock-based Compensa27
Note 3 - Stock-based Compensation (Details Textual) - USD ($) shares in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares, Ending Balance | 0 | 0 | 0 | 0 | ||
Allocated Share-based Compensation Expense, Total | $ 91,000 | $ 45,000 | $ 136,000 | $ 90,000 | ||
Restricted Stock [Member] | ||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 141,000 | $ 141,000 | ||||
Restricted Stock [Member] | Scenario, Forecast [Member] | ||||||
Allocated Share-based Compensation Expense, Total | $ 71,000 | $ 70,000 |
Note 3 - Stock-based Compensa28
Note 3 - Stock-based Compensation - Stock Option Activity (Details) | 6 Months Ended |
Jun. 30, 2018$ / sharesshares | |
Outstanding (in shares) | shares | 19,750 |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 20.94 |
Exercised (in shares) | shares | (6,000) |
Exercised, weighted average exercise price (in dollars per share) | $ / shares | $ 23 |
Outstanding (in shares) | shares | 13,750 |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 20.05 |
Exercisable (in shares) | shares | 13,750 |
Exercisable, weighted average exercise price (in dollars per share) | $ / shares | $ 20.05 |
Note 3 - Stock-based Compensa29
Note 3 - Stock-based Compensation - Activity Related to Restricted Stock Units Awarded (Details) - Restricted Stock [Member] | 6 Months Ended |
Jun. 30, 2018$ / sharesshares | |
Nonvested (in shares) | shares | 14,601 |
Nonvested, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 35.14 |
Granted (in shares) | shares | 9,952 |
Granted, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 48.20 |
Forfeited (in shares) | shares | (223) |
Forfeited, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 35.31 |
Vested (in shares) | shares | (3,905) |
Vested, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 33.61 |
Nonvested (in shares) | shares | 20,425 |
Nonvested, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 41.80 |
Expected to vest (in shares) | shares | 10,473 |
Expected to vest, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 35.71 |
Note 4 - Earnings Per Share (De
Note 4 - Earnings Per Share (Details Textual) - $ / shares | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 13,750 | 21,375 | 13,750 | 21,375 | 19,750 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit | $ 17.55 | $ 17.55 | $ 17.55 | $ 17.55 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit | $ 23 | $ 23 | $ 23 | $ 37.48 | |
Employee Stock Option and Restricted Stock [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | |||
Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 20,425 | 9,975 | 20,425 | 9,975 | 14,601 |
Note 4 - Earnings Per Share - S
Note 4 - Earnings Per Share - Shares Used in Calculation of Earnings Per Share (Details) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Weighted-average common shares outstanding (in shares) | 3,611,891 | 3,386,616 | 3,609,174 | 3,227,184 |
Average treasury stock shares (in shares) | (386,165) | (386,165) | (386,165) | (386,165) |
Weighted-average common shares and common stock equivalents used to calculate basic earnings per share (in shares) | 3,225,726 | 3,000,451 | 3,223,009 | 2,841,019 |
Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share (in shares) | 14,603 | 13,689 | 15,227 | 13,139 |
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share (in shares) | 3,240,329 | 3,014,140 | 3,238,236 | 2,854,158 |
Note 5 - Fair Value Measureme32
Note 5 - Fair Value Measurements (Details Textual) | 6 Months Ended |
Jun. 30, 2018USD ($) | |
Estimated Selling Costs of Impaired Loans | $ 419,000 |
Note 5 - Fair Value Measureme33
Note 5 - Fair Value Measurements - Assets Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Investment securities available for sale, at fair value | $ 100,028 | $ 95,283 |
US Government Agencies Debt Securities [Member] | ||
Investment securities available for sale, at fair value | 7,988 | 8,719 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities available for sale, at fair value | 16,643 | 18,510 |
Debt Securities [Member] | ||
Investment securities available for sale, at fair value | 94,658 | |
Equity Securities [Member] | ||
Investment securities available for sale, at fair value | 625 | |
Fair Value, Measurements, Recurring [Member] | ||
Investment securities available for sale, at fair value | 100,684 | 95,283 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Investment securities available for sale, at fair value | 7,988 | 8,719 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Investment securities available for sale, at fair value | 75,397 | 67,429 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities available for sale, at fair value | 16,643 | 18,510 |
Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Investment securities available for sale, at fair value | 100,028 | 94,658 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Investment securities available for sale, at fair value | 656 | 625 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available for sale, at fair value | 406 | 375 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Investment securities available for sale, at fair value | 406 | 375 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available for sale, at fair value | 100,278 | 94,908 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Investment securities available for sale, at fair value | 7,988 | 8,719 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Investment securities available for sale, at fair value | 75,397 | 67,429 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities available for sale, at fair value | 16,643 | 18,510 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Investment securities available for sale, at fair value | 100,028 | 94,658 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Investment securities available for sale, at fair value | 250 | 250 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | ||
Investment securities available for sale, at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Investment securities available for sale, at fair value |
Note 5 - Fair Value Measureme34
Note 5 - Fair Value Measurements - Assets Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Impaired loans | $ 11,787 | $ 12,109 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | 1,134 | 3,072 |
Other real estate owned | 32 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | ||
Other real estate owned | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | ||
Other real estate owned | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | $ 1,134 | 3,072 |
Other real estate owned | $ 32 |
Note 5 - Fair Value Measureme35
Note 5 - Fair Value Measurements - Additional Quantitative Information About Assets Measured at Fair Value on Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - Fair Value, Inputs, Level 3 [Member] - Appraisal of Collateral [Member] $ in Thousands | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Impaired loans, fair value estimate | [1] | $ 1,134 | $ 3,072 |
Other real estate owned, fair value estimate | [1] | $ 32 | |
Minimum [Member] | Measurement Input, Discount Rate [Member] | |||
Impaired loans, discount rate | [2] | 0 | 0 |
Other real estate owned, discount rate | [2] | 0 | |
Maximum [Member] | Measurement Input, Discount Rate [Member] | |||
Impaired loans, discount rate | [2] | 1 | 0.861 |
Other real estate owned, discount rate | [2] | 0.1 | |
Weighted Average [Member] | Measurement Input, Discount Rate [Member] | |||
Impaired loans, discount rate | [2] | 0.4749 | 0.138 |
[1] | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs which are not identifiable, less any associated allowance. | ||
[2] | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. |
Note 5 - Fair Value Measureme36
Note 5 - Fair Value Measurements - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | |
Reported Value Measurement [Member] | |||
Financial assets: | |||
Cash and cash equivalents | $ 71,246 | [1] | $ 39,886 |
Loans held for sale | 1,132 | 463 | |
Net loans | 936,172 | 916,023 | |
Bank-owned life insurance | 15,862 | [1] | 15,652 |
Federal Home Loan Bank stock | 3,679 | [1] | 3,589 |
Accrued interest receivable | 3,295 | [1] | 3,288 |
Financial liabilities: | |||
Deposits | 932,246 | 878,194 | |
Short-term borrowings | 87,833 | [1] | 74,707 |
Other borrowings | 18,996 | 29,065 | |
Accrued interest payable | 661 | [1] | 578 |
Estimate of Fair Value Measurement [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 71,246 | [1] | 39,886 |
Loans held for sale | 1,132 | 463 | |
Net loans | 925,076 | 913,323 | |
Bank-owned life insurance | 15,862 | [1] | 15,652 |
Federal Home Loan Bank stock | 3,679 | [1] | 3,589 |
Accrued interest receivable | 3,295 | [1] | 3,288 |
Financial liabilities: | |||
Deposits | 929,245 | 877,227 | |
Short-term borrowings | 87,833 | [1] | 74,707 |
Other borrowings | 18,990 | 29,069 | |
Accrued interest payable | 661 | [1] | 578 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 71,246 | [1] | 39,886 |
Loans held for sale | |||
Net loans | |||
Bank-owned life insurance | 15,862 | [1] | 15,652 |
Federal Home Loan Bank stock | 3,679 | [1] | 3,589 |
Accrued interest receivable | 3,295 | [1] | 3,288 |
Financial liabilities: | |||
Deposits | 641,887 | 635,207 | |
Short-term borrowings | 87,833 | [1] | 74,707 |
Other borrowings | |||
Accrued interest payable | 661 | [1] | 578 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Financial assets: | |||
Cash and cash equivalents | [1] | ||
Loans held for sale | 1,132 | 463 | |
Net loans | |||
Bank-owned life insurance | [1] | ||
Federal Home Loan Bank stock | [1] | ||
Accrued interest receivable | [1] | ||
Financial liabilities: | |||
Deposits | |||
Short-term borrowings | [1] | ||
Other borrowings | |||
Accrued interest payable | [1] | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Financial assets: | |||
Cash and cash equivalents | [1] | ||
Loans held for sale | |||
Net loans | 925,076 | 913,323 | |
Bank-owned life insurance | [1] | ||
Federal Home Loan Bank stock | [1] | ||
Accrued interest receivable | [1] | ||
Financial liabilities: | |||
Deposits | 287,358 | 242,020 | |
Short-term borrowings | [1] | ||
Other borrowings | 18,990 | 29,069 | |
Accrued interest payable | [1] | ||
[1] | This financial instrument is carried at cost at June 30, 2018, which approximates the fair value of the instrument. |
Note 6 - Accumulated Other Co37
Note 6 - Accumulated Other Comprehensive Income - Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | ||
Balance | $ 119,863 | ||||
Change in accounting principle, ASC 2016-01 | |||||
Change in accounting principle, ASC 2018-02 | |||||
Total other comprehensive income (loss) | (1,568) | ||||
Balance | $ 122,716 | 122,716 | |||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||
Balance | [1] | (373) | $ 1,032 | 1,091 | $ 1,201 |
Other comprehensive loss before reclassification | [1] | (58) | 783 | (1,568) | 936 |
Change in accounting principle, ASC 2016-01 | [1],[2] | (141) | |||
Change in accounting principle, ASC 2018-02 | [1],[2] | 187 | |||
Total other comprehensive income (loss) | [1] | 783 | (1,522) | 614 | |
Balance | [1] | $ (431) | 1,815 | $ (431) | 1,815 |
Amount reclassified from accumulated other comprehensive income | [1] | $ (322) | |||
[1] | All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive income. | ||||
[2] | Reclassifications are the result of the adoption of ASUs 2016-01 and 2018-02 effective for the Company beginning January 1, 2018. The reclassifications are presented within the Consolidated Statement of Changes in Stockholders' Equity for the affected transitional periods. |
Note 6 - Accumulated Other Co38
Note 6 - Accumulated Other Comprehensive Income - Significant Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | |||
Investment securities gains on sale, net | [1] | $ 488 | ||
Income taxes | [1] | (166) | ||
Net of tax | [1] | $ 322 | ||
[1] | For unrealized gains on available-for-sale securities, amounts in parentheses indicate expenses and other amounts indicate income. |
Note 7 - Investment and Equit39
Note 7 - Investment and Equity Securities (Details Textual) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) | ||
Equity Securities without Readily Determinable Fair Value, Number of Securities | 1 | 1 | ||||
Equity Securities without Readily Determinable Fair Value, Amount | $ 250,000 | $ 250,000 | ||||
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount | 0 | 0 | ||||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | [1] | 13,000 | 31,000 | |||
Equity Securities, FV-NI, Realized Gain (Loss), Total | 0 | 0 | ||||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | 0 | 0 | ||||
Security Owned and Pledged as Collateral, Fair Value, Total | $ 67,900,000 | $ 67,900,000 | $ 57,900,000 | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 87 | 87 | ||||
Available-for-sale Securities, Percentage of Portfolio | 100.00% | 100.00% | ||||
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance | $ 0 | $ 0 | ||||
Merger of Liberty Bank, N.A. into The Middlefield Banking Company [Member] | ||||||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | $ 488,000 | |||||
[1] | Not within scope of ASC 606. |
Note 7 - Investment and Equit40
Note 7 - Investment and Equity Securities - Amortized Cost and Fair Values of Securities Available for Sale (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Amortized cost | $ 100,571 | $ 93,631 |
Gross unrealized gains | 884 | 2,048 |
Gross unrealized losses | (1,427) | (396) |
Investment securities available for sale, at fair value | 100,028 | 95,283 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 8,052 | 8,664 |
Gross unrealized gains | 43 | 126 |
Gross unrealized losses | (107) | (71) |
Investment securities available for sale, at fair value | 7,988 | 8,719 |
Taxable Municipal Bonds [Member] | ||
Amortized cost | 503 | 504 |
Gross unrealized gains | 11 | 8 |
Gross unrealized losses | ||
Investment securities available for sale, at fair value | 514 | 512 |
Nontaxable Municipal Bonds [Member] | ||
Amortized cost | 74,767 | 65,408 |
Gross unrealized gains | 786 | 1,547 |
Gross unrealized losses | (670) | (38) |
Investment securities available for sale, at fair value | 74,883 | 66,917 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 17,249 | 18,640 |
Gross unrealized gains | 44 | 157 |
Gross unrealized losses | (650) | (287) |
Investment securities available for sale, at fair value | $ 16,643 | 18,510 |
Debt Securities [Member] | ||
Amortized cost | 93,216 | |
Gross unrealized gains | 1,838 | |
Gross unrealized losses | (396) | |
Investment securities available for sale, at fair value | 94,658 | |
Equity Securities [Member] | ||
Amortized cost | 415 | |
Gross unrealized gains | 210 | |
Gross unrealized losses | ||
Investment securities available for sale, at fair value | $ 625 |
Note 7 - Investment and Equit41
Note 7 - Investment and Equity Securities - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) $ in Thousands | Jun. 30, 2018USD ($) |
Due in one year or less, amortized costs | $ 5,676 |
Due in one year or less, fair value | 5,729 |
Due after one year through five years, amortized costs | 6,202 |
Due after one year through five years, fair value | 6,267 |
Due after five years through ten years, amortized costs | 12,267 |
Due after five years through ten years, fair value | 12,156 |
Due after ten years, amortized costs | 76,426 |
Due after ten years, fair value | 75,876 |
Amortized costs | 100,571 |
Fair Value | $ 100,028 |
Note 7 - Investment and Equit42
Note 7 - Investment and Equity Securities - Sales of Available for Sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |||
Proceeds from sales | $ 2,678 | $ 2,678 | ||||
Gross realized gains | [1] | 488 | [1] | |||
Gross realized losses | ||||||
[1] | Prior to the acquisition of Liberty Bank, N.A., the Company held an equity interest in Liberty which was re-measured at fair value on the acquisition date and resulted in a gain of $488,000. This gain was recorded in Equity Securities, Unrealized Gains on the consolidated Income Statement for the six months ended June 30, 2017. |
Note 7 - Investment and Equit43
Note 7 - Investment and Equity Securities - Gross Unrealized Losses and Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Less than Twelve Months, Fair Value | $ 32,647 | $ 7,264 |
Less than Twelve Months, Gross Unrealized Losses | (793) | (81) |
Twelve Months or Greater, Fair Value | 15,049 | 15,554 |
Twelve Months or Greater, Gross Unrealized Losses | (634) | (315) |
Total, Fair Value | 47,696 | 22,818 |
Total, Gross Unrealized Losses | (1,427) | (396) |
US Government Agencies Debt Securities [Member] | ||
Less than Twelve Months, Fair Value | 495 | 557 |
Less than Twelve Months, Gross Unrealized Losses | (13) | (4) |
Twelve Months or Greater, Fair Value | 3,816 | 4,036 |
Twelve Months or Greater, Gross Unrealized Losses | (94) | (67) |
Total, Fair Value | 4,311 | 4,593 |
Total, Gross Unrealized Losses | (107) | (71) |
Nontaxable Municipal Bonds [Member] | ||
Less than Twelve Months, Fair Value | 27,247 | 1,009 |
Less than Twelve Months, Gross Unrealized Losses | (571) | (6) |
Twelve Months or Greater, Fair Value | 2,713 | 2,784 |
Twelve Months or Greater, Gross Unrealized Losses | (99) | (32) |
Total, Fair Value | 29,960 | 3,793 |
Total, Gross Unrealized Losses | (670) | (38) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than Twelve Months, Fair Value | 4,905 | 5,698 |
Less than Twelve Months, Gross Unrealized Losses | (209) | (71) |
Twelve Months or Greater, Fair Value | 8,520 | 8,734 |
Twelve Months or Greater, Gross Unrealized Losses | (441) | (216) |
Total, Fair Value | 13,425 | 14,432 |
Total, Gross Unrealized Losses | $ (650) | $ (287) |
Note 8 - Loans and Related Al44
Note 8 - Loans and Related Allowance for Loan and Lease Losses (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2018USD ($) | Mar. 31, 2018 | Jun. 30, 2017USD ($) | Mar. 31, 2017 | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Loans and Leases Receivable, Deferred Income, Total | $ 1,500,000 | $ 1,500,000 | $ 1,500,000 | $ 1,500,000 | ||||
Financing Receivable, Modifications, Recorded Investment | 3,100,000 | 3,100,000 | $ 3,100,000 | $ 5,400,000 | ||||
Number of Days Past Due | 90 days | |||||||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 654,000 | $ 437,000 | ||||||
Provision for Loan, Lease, and Other Losses, Total | 210,000 | $ 170,000 | 420,000 | $ 335,000 | ||||
Real Estate Construction Porfolio Segment [Member] | ||||||||
Provision for Loan, Lease, and Other Losses, Total | (3,000) | 10,000 | (241,000) | 8,000 | ||||
Loans and Leases Receivable, Historical Loss Rate | (0.127%) | 0.775% | ||||||
Increase (Decrease) in Loans and Leases Receivable, Allowance, Percent | 8.70% | |||||||
Provision for Loan and Lease Losses, Total | (991,000) | |||||||
Threshold For Loans Evaluated For Impairment [Member] | ||||||||
Loans and Leases Receivable, before Fees, Gross, Total | 500,000 | 500,000 | $ 500,000 | |||||
Threshold For Loans Evaluated For Impairment [Member] | Outside Consultant [Member] | ||||||||
Loans and Leases Receivable, before Fees, Gross, Total | 250,000 | 250,000 | 250,000 | |||||
Threshold For Loans Evaluated For Impairment [Member] | Criticized Relationships [Member] | ||||||||
Financing Receivable, Gross | 125,000 | 125,000 | $ 125,000 | |||||
Residential Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | ||||||||
Provision for Loan, Lease, and Other Losses, Total | $ 25,000 | $ (756,000) | 28,000 | (991,000) | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 215,000 | $ 33,000 | ||||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 2 | 1 |
Note 8 - Loans and Related Al45
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Major Classifications of Net Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Loans | $ 943,674 | $ 923,213 | ||||
Less: Allowance for loan and lease losses | (7,502) | $ (7,551) | (7,190) | $ (6,605) | $ (6,720) | $ (6,598) |
Net loans | 936,172 | 916,023 | ||||
Commercial And Industrial [Member] | ||||||
Loans | 101,975 | 101,346 | ||||
Less: Allowance for loan and lease losses | (1,180) | (1,256) | (999) | (613) | (616) | (448) |
Real Estate Construction Porfolio Segment [Member] | ||||||
Loans | 45,647 | 47,017 | ||||
Less: Allowance for loan and lease losses | (89) | (92) | (313) | (202) | (186) | (172) |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Loans | 320,858 | 318,157 | ||||
Less: Allowance for loan and lease losses | (1,743) | (1,782) | (1,760) | (1,767) | (2,523) | (2,818) |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||||||
Loans | 457,050 | 437,947 | ||||
Less: Allowance for loan and lease losses | (4,361) | (4,323) | (4,036) | (4,012) | (3,378) | (3,135) |
Consumer Portfolio Segment [Member] | ||||||
Loans | 18,144 | 18,746 | ||||
Less: Allowance for loan and lease losses | $ (129) | $ (98) | $ (82) | $ (11) | $ (17) | $ (25) |
Note 8 - Loans and Related Al46
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Primary Segments of the Loan Portfolio (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Individually evaluated for impairment | $ 11,787 | $ 12,109 |
Collectively evaluated for impairment | 931,887 | 911,104 |
Total loans | 943,674 | 923,213 |
Commercial And Industrial [Member] | ||
Individually evaluated for impairment | 2,923 | 3,627 |
Collectively evaluated for impairment | 99,052 | 97,719 |
Total loans | 101,975 | 101,346 |
Real Estate Construction Porfolio Segment [Member] | ||
Individually evaluated for impairment | 44 | |
Collectively evaluated for impairment | 45,647 | 46,973 |
Total loans | 45,647 | 47,017 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Individually evaluated for impairment | 2,652 | 2,824 |
Collectively evaluated for impairment | 318,206 | 315,333 |
Total loans | 320,858 | 318,157 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Individually evaluated for impairment | 6,209 | 5,610 |
Collectively evaluated for impairment | 450,841 | 432,337 |
Total loans | 457,050 | 437,947 |
Consumer Portfolio Segment [Member] | ||
Individually evaluated for impairment | 3 | 4 |
Collectively evaluated for impairment | 18,141 | 18,742 |
Total loans | $ 18,144 | $ 18,746 |
Note 8 - Loans and Related Al47
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | |
Individually evaluated for impairment | $ 1,569,000 | $ 1,567,000 | ||||
Collectively evaluated for impairment | 5,933,000 | 5,623,000 | ||||
Total ending allowance balance | $ 7,502,000 | $ 6,605,000 | $ 7,502,000 | $ 6,598,000 | 7,502,000 | 7,190,000 |
ALLL balance, period start | 7,551,000 | 6,720,000 | 7,190,000 | 6,598,000 | ||
Charge-offs | (315,000) | (474,000) | (329,000) | (682,000) | ||
Recoveries | 56,000 | 189,000 | 221,000 | 354,000 | ||
Provision | 210,000 | 170,000 | 420,000 | 335,000 | ||
ALLL balance, period end | 7,502,000 | 6,605,000 | 7,502,000 | 6,605,000 | ||
Commercial And Industrial [Member] | ||||||
Individually evaluated for impairment | 879,000 | 694,000 | ||||
Collectively evaluated for impairment | 301,000 | 305,000 | ||||
Total ending allowance balance | 1,180,000 | 613,000 | 1,180,000 | 448,000 | 1,180,000 | 999,000 |
ALLL balance, period start | 1,256,000 | 616,000 | 999,000 | 448,000 | ||
Charge-offs | (415,000) | (9,000) | (435,000) | |||
Recoveries | 29,000 | 65,000 | 140,000 | 144,000 | ||
Provision | (105,000) | 347,000 | 50,000 | 456,000 | ||
ALLL balance, period end | 1,180,000 | 613,000 | 1,180,000 | 613,000 | ||
Real Estate Construction Porfolio Segment [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 89,000 | 313,000 | ||||
Total ending allowance balance | 89,000 | 202,000 | 89,000 | 172,000 | 89,000 | 313,000 |
ALLL balance, period start | 92,000 | 186,000 | 313,000 | 172,000 | ||
Charge-offs | ||||||
Recoveries | 6,000 | 17,000 | 22,000 | |||
Provision | (3,000) | 10,000 | (241,000) | 8,000 | ||
ALLL balance, period end | 89,000 | 202,000 | 89,000 | 202,000 | ||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Individually evaluated for impairment | 82,000 | 140,000 | ||||
Collectively evaluated for impairment | 1,661,000 | 1,620,000 | ||||
Total ending allowance balance | 1,743,000 | 1,767,000 | 1,743,000 | 2,818,000 | 1,743,000 | 1,760,000 |
ALLL balance, period start | 1,782,000 | 2,523,000 | 1,760,000 | 2,818,000 | ||
Charge-offs | (74,000) | (7,000) | (74,000) | (74,000) | ||
Recoveries | 10,000 | 7,000 | 29,000 | 14,000 | ||
Provision | 25,000 | (756,000) | 28,000 | (991,000) | ||
ALLL balance, period end | 1,743,000 | 1,767,000 | 1,743,000 | 1,767,000 | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||||||
Individually evaluated for impairment | 607,000 | 733,000 | ||||
Collectively evaluated for impairment | 3,754,000 | 3,303,000 | ||||
Total ending allowance balance | 4,361,000 | 4,012,000 | 4,361,000 | 3,135,000 | 4,361,000 | 4,036,000 |
ALLL balance, period start | 4,323,000 | 3,378,000 | 4,036,000 | 3,135,000 | ||
Charge-offs | (111,000) | (111,000) | (19,000) | |||
Recoveries | ||||||
Provision | 149,000 | 634,000 | 436,000 | 896,000 | ||
ALLL balance, period end | 4,361,000 | 4,012,000 | 4,361,000 | 4,012,000 | ||
Consumer Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 1,000 | |||||
Collectively evaluated for impairment | 128,000 | 82,000 | ||||
Total ending allowance balance | 129,000 | 11,000 | 129,000 | 25,000 | $ 129,000 | $ 82,000 |
ALLL balance, period start | 98,000 | 17,000 | 82,000 | 25,000 | ||
Charge-offs | (130,000) | (52,000) | (135,000) | (154,000) | ||
Recoveries | 17,000 | 111,000 | 35,000 | 174,000 | ||
Provision | 144,000 | (65,000) | 147,000 | (34,000) | ||
ALLL balance, period end | $ 129,000 | $ 11,000 | $ 129,000 | $ 11,000 |
Note 8 - Loans and Related Al48
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Impaired Loans by Class (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Recorded investment, with no related allowance | $ 4,153 | $ 4,053 |
Unpaid principal balance, with no related allowance | 4,787 | 4,942 |
Recorded investment, with related allowance | 7,634 | 8,056 |
Unpaid principal balance, with related allowance | 8,562 | 8,980 |
Related allowance | 1,569 | 1,567 |
Recorded investment | 11,787 | 12,109 |
Unpaid principal balance | 13,349 | 13,922 |
Commercial Loans [Member] | ||
Recorded investment, with related allowance | 4,207 | |
Unpaid principal balance, with related allowance | 4,319 | |
Related allowance | 607 | |
Commercial And Industrial [Member] | ||
Recorded investment, with no related allowance | 339 | 450 |
Unpaid principal balance, with no related allowance | 538 | 1,006 |
Recorded investment, with related allowance | 2,584 | 3,177 |
Unpaid principal balance, with related allowance | 3,278 | 3,888 |
Related allowance | 879 | 694 |
Recorded investment | 2,923 | 3,627 |
Unpaid principal balance | 3,816 | 4,894 |
Real Estate Construction Porfolio Segment [Member] | ||
Recorded investment, with no related allowance | 44 | |
Unpaid principal balance, with no related allowance | 44 | |
Related allowance | ||
Recorded investment | 44 | |
Unpaid principal balance | 44 | |
Real Estate Construction Porfolio Segment [Member] | Residential Loan [Member] | ||
Recorded investment, with related allowance | 840 | |
Unpaid principal balance, with related allowance | 962 | |
Related allowance | 82 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Recorded investment, with no related allowance | 1,812 | 1,685 |
Unpaid principal balance, with no related allowance | 2,085 | 1,904 |
Recorded investment, with related allowance | 1,139 | |
Unpaid principal balance, with related allowance | 1,179 | |
Related allowance | 82 | 140 |
Recorded investment | 2,652 | 2,824 |
Unpaid principal balance | 3,047 | 3,083 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Recorded investment, with no related allowance | 2,002 | 1,870 |
Unpaid principal balance, with no related allowance | 2,164 | 1,984 |
Recorded investment, with related allowance | 3,740 | |
Unpaid principal balance, with related allowance | 3,913 | |
Related allowance | 607 | 733 |
Recorded investment | 6,209 | 5,610 |
Unpaid principal balance | 6,483 | 5,897 |
Consumer Portfolio Segment [Member] | ||
Recorded investment, with no related allowance | 4 | |
Unpaid principal balance, with no related allowance | 4 | |
Recorded investment, with related allowance | 3 | |
Unpaid principal balance, with related allowance | 3 | |
Related allowance | 1 | |
Recorded investment | 3 | 4 |
Unpaid principal balance | $ 3 | $ 4 |
Note 8 - Loans and Related Al49
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Additional Information on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Average recorded investment | $ 13,659 | $ 14,683 | $ 13,385 | $ 14,258 |
Interest income recognized | 87 | 181 | 176 | 375 |
Commercial And Industrial [Member] | ||||
Average recorded investment | 4,277 | 2,228 | 3,644 | 1,889 |
Interest income recognized | 23 | 57 | 47 | 141 |
Real Estate Construction Porfolio Segment [Member] | ||||
Average recorded investment | 142 | 676 | 283 | 877 |
Interest income recognized | 1 | 1 | ||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Average recorded investment | 2,772 | 3,131 | 2,871 | 3,264 |
Interest income recognized | 13 | 28 | 27 | 50 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||||
Average recorded investment | 6,464 | 8,643 | 6,583 | 8,223 |
Interest income recognized | 51 | 95 | 102 | 183 |
Consumer Portfolio Segment [Member] | ||||
Average recorded investment | 4 | 5 | 4 | 5 |
Interest income recognized |
Note 8 - Loans and Related Al50
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Loans by Credit Quality (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans | $ 943,674 | $ 923,213 |
Commercial And Industrial [Member] | ||
Loans | 101,975 | 101,346 |
Real Estate Construction Porfolio Segment [Member] | ||
Loans | 45,647 | 47,017 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 320,858 | 318,157 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 457,050 | 437,947 |
Consumer Portfolio Segment [Member] | ||
Loans | 18,144 | 18,746 |
Pass [Member] | ||
Loans | 919,047 | 897,759 |
Pass [Member] | Commercial And Industrial [Member] | ||
Loans | 95,486 | 95,621 |
Pass [Member] | Real Estate Construction Porfolio Segment [Member] | ||
Loans | 44,289 | 46,995 |
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 315,277 | 312,176 |
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 446,026 | 424,225 |
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 17,969 | 18,742 |
Special Mention [Member] | ||
Loans | 11,018 | 11,829 |
Special Mention [Member] | Commercial And Industrial [Member] | ||
Loans | 3,095 | 1,942 |
Special Mention [Member] | Real Estate Construction Porfolio Segment [Member] | ||
Loans | 1,358 | |
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 706 | 723 |
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 5,859 | 9,164 |
Substandard [Member] | ||
Loans | 13,609 | 13,625 |
Substandard [Member] | Commercial And Industrial [Member] | ||
Loans | 3,394 | 3,783 |
Substandard [Member] | Real Estate Construction Porfolio Segment [Member] | ||
Loans | 22 | |
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 4,875 | 5,258 |
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 5,165 | 4,558 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 175 | $ 4 |
Doubtful [Member] | ||
Loans | ||
Doubtful [Member] | Commercial And Industrial [Member] | ||
Loans | ||
Doubtful [Member] | Real Estate Construction Porfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | ||
Doubtful [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans |
Note 8 - Loans and Related Al51
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Past Due Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans, current balance | $ 937,475 | $ 915,131 |
Loans, past due | 6,199 | 8,082 |
Loans | 943,674 | 923,213 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans, past due | 2,751 | 5,501 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans, past due | 904 | 257 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 2,544 | 2,324 |
Commercial And Industrial [Member] | ||
Loans, current balance | 101,459 | 99,633 |
Loans, past due | 516 | 1,713 |
Loans | 101,975 | 101,346 |
Commercial And Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans, past due | 50 | 1,607 |
Commercial And Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans, past due | 45 | 29 |
Commercial And Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 421 | 77 |
Real Estate Construction Porfolio Segment [Member] | ||
Loans, current balance | 45,647 | 47,017 |
Loans, past due | 0 | |
Loans | 45,647 | 47,017 |
Real Estate Construction Porfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans, past due | 0 | |
Real Estate Construction Porfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans, past due | 0 | 0 |
Real Estate Construction Porfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans, current balance | 316,239 | 314,866 |
Loans, past due | 4,619 | 3,291 |
Loans | 320,858 | 318,157 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans, current balance | 456,006 | 434,879 |
Loans, past due | 1,044 | 3,068 |
Loans | 457,050 | 437,947 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Loan [Member] | ||
Loans, past due | 2,620 | 1,977 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Loans [Member] | ||
Loans, past due | 67 | 1,907 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Loan [Member] | ||
Loans, past due | 853 | 227 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Loans [Member] | ||
Loans, past due | 1 | |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Loan [Member] | ||
Loans, past due | 1,146 | 1,087 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Loans [Member] | ||
Loans, past due | 977 | 1,160 |
Consumer Portfolio Segment [Member] | ||
Loans, current balance | 18,124 | 18,736 |
Loans, past due | 20 | 10 |
Loans | 18,144 | 18,746 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans, past due | 14 | 10 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans, past due | 6 | 0 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | $ 0 | $ 0 |
Note 8 - Loans and Related Al52
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans, nonacrrual status | $ 8,357 | $ 8,433 |
Loans, 90+ days past due and accruing | 15 | 0 |
Commercial And Industrial [Member] | ||
Loans, nonacrrual status | 1,411 | 1,120 |
Loans, 90+ days past due and accruing | 15 | 0 |
Real Estate Construction Porfolio Segment [Member] | ||
Loans, nonacrrual status | 0 | |
Loans, 90+ days past due and accruing | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans, nonacrrual status | 3,843 | 4,002 |
Loans, 90+ days past due and accruing | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans, nonacrrual status | 3,102 | 3,311 |
Loans, 90+ days past due and accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans, nonacrrual status | 1 | 0 |
Loans, 90+ days past due and accruing | $ 0 | $ 0 |
Note 8 - Loans and Related Al53
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Number of contracts | 1 | 1 | 2 | 2 |
Pre-modification outstanding recorded investment | $ 113 | $ 7 | $ 160 | $ 10 |
Post-modification outstanding recorded investment | $ 113 | $ 7 | $ 160 | $ 10 |
Commercial And Industrial [Member] | ||||
Number of contracts | 1 | 2 | ||
Pre-modification outstanding recorded investment | $ 904 | $ 954 | ||
Post-modification outstanding recorded investment | $ 905 | $ 955 | ||
Extended Maturity [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Number of contracts | 1 | 1 | 2 | 2 |
Extended Maturity [Member] | Commercial And Industrial [Member] | ||||
Number of contracts | 1 | |||
Other Restructurings [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Number of contracts | ||||
Other Restructurings [Member] | Commercial And Industrial [Member] | ||||
Number of contracts | 1 | 1 |
Note 8 - Loans and Related Al54
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Troubled Debt Restructurings Subsequently Defaulted (Details) - Real Estate Mortgage Portfolio Segment [Member] - Residential Loan [Member] | 6 Months Ended | |
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | |
Number of contracts, subsequently defaulted | 2 | 1 |
Recorded investment, subsequently defaulted | $ 215,000 | $ 33,000 |