Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 06, 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 Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 3,238,346 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Balance Sheet (Cur
Consolidated Balance Sheet (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and cash equivalents | $ 81,951 | $ 39,886 |
Equity securities, at fair value | 671 | |
Investment securities available for sale, at fair value | 99,717 | 95,283 |
Loans held for sale | 925 | 463 |
Loans | 972,968 | 923,213 |
Less allowance for loan and lease losses | 7,494 | 7,190 |
Net loans | 965,474 | 916,023 |
Premises and equipment, net | 13,002 | 11,853 |
Goodwill | 15,071 | 15,071 |
Core deposit intangibles | 2,484 | 2,749 |
Bank-owned life insurance | 15,970 | 15,652 |
Other real estate owned | 257 | 212 |
Accrued interest receivable and other assets | 10,806 | 9,144 |
TOTAL ASSETS | 1,206,328 | 1,106,336 |
LIABILITIES | ||
Noninterest-bearing demand | 205,357 | 192,438 |
Interest-bearing demand | 96,565 | 83,990 |
Money market | 191,261 | 150,277 |
Savings | 224,704 | 208,502 |
Time | 295,874 | 242,987 |
Total deposits | 1,013,761 | 878,194 |
Short-term borrowings | 55,304 | 74,707 |
Other borrowings | 8,956 | 29,065 |
Accrued interest payable and other liabilities | 4,074 | 4,507 |
TOTAL LIABILITIES | 1,082,095 | 986,473 |
STOCKHOLDERS' EQUITY | ||
Common stock, no par value; 10,000,000 shares authorized, 3,622,854 and 3,603,881 shares issued; 3,236,689 and 3,217,716 shares outstanding | 85,687 | 84,859 |
Retained earnings | 53,520 | 47,431 |
Accumulated other comprehensive (loss) income | (1,456) | 1,091 |
Treasury stock, at cost; 386,165 shares | (13,518) | (13,518) |
TOTAL STOCKHOLDERS' EQUITY | 124,233 | 119,863 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 1,206,328 | $ 1,106,336 |
Consolidated Balance Sheet (C_2
Consolidated Balance Sheet (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Sep. 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) | 3,622,854 | 3,603,881 |
Common stock, shares outstanding (in shares) | 3,236,689 | 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 | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
INTEREST AND DIVIDEND INCOME | |||||
Interest and fees on loans | $ 11,821,000 | $ 10,443,000 | $ 34,109,000 | $ 29,539,000 | |
Interest-earning deposits in other institutions | 178,000 | 107,000 | 412,000 | 248,000 | |
Federal funds sold | 8,000 | 5,000 | 29,000 | 9,000 | |
Investment securities: | |||||
Taxable interest | 167,000 | 159,000 | 506,000 | 600,000 | |
Tax-exempt interest | 598,000 | 579,000 | 1,673,000 | 1,846,000 | |
Dividends on stock | 57,000 | 37,000 | 169,000 | 189,000 | |
Total interest and dividend income | 12,829,000 | 11,330,000 | 36,898,000 | 32,431,000 | |
INTEREST EXPENSE | |||||
Deposits | 2,178,000 | 1,468,000 | 5,803,000 | 3,820,000 | |
Short-term borrowings | 296,000 | 202,000 | 764,000 | 652,000 | |
Other borrowings | 104,000 | 148,000 | 344,000 | 413,000 | |
Total interest expense | 2,578,000 | 1,818,000 | 6,911,000 | 4,885,000 | |
NET INTEREST INCOME | 10,251,000 | 9,512,000 | 29,987,000 | 27,546,000 | |
Provision for loan losses | 210,000 | 280,000 | 630,000 | 615,000 | |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 10,041,000 | 9,232,000 | 29,357,000 | 26,931,000 | |
NONINTEREST INCOME | |||||
Investment securities gains on sale, net | [1] | 398,000 | 886,000 | ||
Gain on equity securities | [1] | 15,000 | 46,000 | ||
Earnings on bank-owned life insurance | [1] | 108,000 | 109,000 | 318,000 | 316,000 |
Gain on sale of loans | [1] | 43,000 | 255,000 | 164,000 | 720,000 |
Total noninterest income | 948,000 | 1,441,000 | 2,751,000 | 3,941,000 | |
NONINTEREST EXPENSE | |||||
Salaries and employee benefits | 3,839,000 | 3,725,000 | 11,684,000 | 10,624,000 | |
Occupancy expense | 460,000 | 476,000 | 1,468,000 | 1,397,000 | |
Equipment expense | 262,000 | 242,000 | 696,000 | 789,000 | |
Data processing costs | 481,000 | 468,000 | 1,360,000 | 1,376,000 | |
Ohio state franchise tax | 244,000 | 186,000 | 603,000 | 558,000 | |
Federal deposit insurance expense | 150,000 | 165,000 | 450,000 | 368,000 | |
Professional fees | 346,000 | 434,000 | 1,118,000 | 1,230,000 | |
Advertising expense | 236,000 | 248,000 | 694,000 | 660,000 | |
Software amortization expense | 155,000 | 118,000 | 460,000 | 280,000 | |
Core deposit intangible amortization | 87,000 | 101,000 | 265,000 | 276,000 | |
Merger expense | 338,000 | 1,032,000 | |||
Other expense | 832,000 | 796,000 | 2,702,000 | 2,678,000 | |
Total noninterest expense | 7,092,000 | 7,297,000 | 21,500,000 | 21,268,000 | |
Income before income taxes | 3,897,000 | 3,376,000 | 10,608,000 | 9,604,000 | |
Income taxes | 593,000 | 914,000 | 1,602,000 | 2,535,000 | |
NET INCOME | $ 3,304,000 | $ 2,462,000 | $ 9,006,000 | $ 7,069,000 | |
EARNINGS PER SHARE | |||||
Basic (in dollars per share) | $ 1.02 | $ 0.77 | $ 2.79 | $ 2.38 | |
Diluted (in dollars per share) | 1.02 | 0.76 | 2.78 | 2.37 | |
DIVIDENDS DECLARED PER SHARE (in dollars per share) | $ 0.28 | $ 0.27 | $ 0.89 | $ 0.81 | |
Deposit Account [Member] | |||||
NONINTEREST INCOME | |||||
Noninterest income revenue | $ 491,000 | $ 479,000 | $ 1,416,000 | $ 1,397,000 | |
Financial Service, Other [Member] | |||||
NONINTEREST INCOME | |||||
Noninterest income revenue | $ 291,000 | $ 200,000 | $ 807,000 | $ 622,000 | |
[1] | Not within scope of ASC 606 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income | $ 3,304 | $ 2,462 | $ 9,006 | $ 7,069 |
Net unrealized holding (loss) gain on available-for-sale investment securities | (1,297) | (264) | (3,282) | 1,153 |
Tax effect | 272 | 89 | 689 | (392) |
Reclassification adjustment for investment securities gains included in net income | (398) | (886) | ||
Tax effect | 135 | 301 | ||
Total other comprehensive (loss) gain | (1,025) | (438) | (2,593) | 176 |
Comprehensive income | $ 2,279 | $ 2,024 | $ 6,413 | $ 7,245 |
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 | $ 7,069 | ||||
Net income | 2,462 | ||||
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 | 9,006 | 9,006 | |||
Other comprehensive loss | (2,593) | (2,593) | |||
Dividend reinvestment and purchase plan (8,763 shares) | 441 | 441 | |||
Stock options exercised (4,650 shares) | 107 | 107 | |||
Stock-based compensation (5,560 shares) | 280 | 280 | |||
Cash dividends ($0.89 per share) | (2,871) | (2,871) | |||
Balance at Sep. 30, 2018 | 85,687 | 53,520 | (1,456) | (13,518) | 124,233 |
Net income | 3,304 | ||||
Balance at Sep. 30, 2018 | $ 85,687 | $ 53,520 | $ (1,456) | $ (13,518) | $ 124,233 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Stockholders Equity (Unaudited) (Parentheticals) | 9 Months Ended |
Sep. 30, 2018$ / sharesshares | |
Retained Earnings [Member] | |
Dividend reinvestment and purchase plan, shares (in shares) | 8,763 |
Cash dividends, per share (in dollars per share) | $ / shares | $ 0.89 |
Stock options exercised, shares (in shares) | 4,650 |
Stock-based compensation, shares (in shares) | 5,560 |
Cash dividends, per share (in dollars per share) | $ / shares | $ 0.89 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | ||
OPERATING ACTIVITIES | |||
Net income | $ 9,006,000 | $ 7,069,000 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provision for loan losses | 630,000 | 615,000 | |
Investment securities gains on sale, net | [1] | (886,000) | |
Gain on equity securities | [1] | (46,000) | |
Depreciation and amortization of premises and equipment, net | 694,000 | 661,000 | |
Software amortization expense | 460,000 | 280,000 | |
Amortization of premium and discount on investment securities, net | 317,000 | 343,000 | |
Accretion of deferred loan fees, net | (690,000) | (246,000) | |
Amortization of core deposit intangibles | 265,000 | 276,000 | |
Stock-based compensation expense | 360,000 | 33,000 | |
Origination of loans held for sale | (9,588,000) | (13,345,000) | |
Proceeds from sale of loans | 9,290,000 | 7,811,000 | |
Gain on sale of loans | (164,000) | (239,000) | |
Origination of student loans held for sale | (321,942,000) | ||
Proceeds from sale of student loans | 328,853,000 | ||
Gain on sale of student loans | (481,000) | ||
Earnings on bank-owned life insurance | [1] | (318,000) | (316,000) |
Deferred income tax | 184,000 | (532,000) | |
Net loss (gain) on other real estate owned | 5,000 | (211,000) | |
Increase in accrued interest receivable | (445,000) | (311,000) | |
Increase in accrued interest payable | 126,000 | 124,000 | |
Other, net | (1,721,000) | (2,338,000) | |
Net cash provided by operating activities | 8,365,000 | 5,218,000 | |
INVESTING ACTIVITIES | |||
Proceeds from repayments and maturities | 4,340,000 | 9,560,000 | |
Proceeds from sale of securities | 6,474,000 | ||
Purchases | (12,998,000) | (250,000) | |
Increase in loans, net | (49,467,000) | (75,307,000) | |
Proceeds from the sale of other real estate owned | 26,000 | 1,767,000 | |
Purchase of bank-owned life insurance | (5,000) | ||
Purchase of premises and equipment | (1,843,000) | (1,037,000) | |
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 | (60,032,000) | (53,471,000) | |
FINANCING ACTIVITIES | |||
Net increase in deposits | 135,567,000 | 69,677,000 | |
Decrease in short-term borrowings, net | (19,403,000) | (48,085,000) | |
Repayment of other borrowings | (20,109,000) | (164,000) | |
Proceeds from other borrowings | 30,000,000 | ||
Proceeds from common stock issued | 15,164,000 | ||
Stock options exercised | 107,000 | 180,000 | |
Proceeds from dividend reinvestment and purchase plan | 441,000 | 407,000 | |
Cash dividends | (2,871,000) | (2,490,000) | |
Net cash provided by financing activities | 93,732,000 | 64,689,000 | |
Increase in cash and cash equivalents | 42,065,000 | 16,436,000 | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 39,886,000 | 32,495,000 | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 81,951,000 | 48,931,000 | |
Cash paid during the year for: | |||
Interest on deposits and borrowings | 6,785,000 | 4,761,000 | |
Income taxes | 1,675,000 | 4,455,000 | |
Noncash investing transactions: | |||
Transfers from loans to other real estate owned | 76,000 | 1,179,000 | |
Common stock issued in business acquisition | 20,995,000 | ||
Transfer of equity securities from investment securities available for sale, at fair value | (625,000) | ||
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 | 9 Months Ended |
Sep. 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 unaudited condensed consolidated financial statements have been prepared in conformity with the instructions to Form 10 10 X. not 10 December 31, 2017. not may Recently Adopted 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 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 2016 01. 1 may 820, 820. 2 3 4 825 10 45 5 815 15, Derivatives and Hedging—Embedded Derivatives, or 825 10, 5 first 6 2016 01 944, Financial Services— Insurance 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. not Recently Issued Accounting Pronouncements – 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. ASU 2018 04, Investments – Debt Securities (Topic 320 Regulated Operations (Topic 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. In July 2018, 2018 11, Leases (Topic 842 842 840, Leases may not 606, Revenue from Contracts with Customers 842. December 15, 2018, December 15, 2019, December 15, 2020. In August 2018, 2018 13, Fair Value Measurement (Topic 820 December 15, 2019. |
Note 2 - Revenue Recognition
Note 2 - Revenue Recognition | 9 Months Ended |
Sep. 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 92.9% 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 September 30, For the Nine Months Ended September 30, Noninterest Income 2018 2017 2018 2017 (Dollar amounts in thousands) Service charges on deposit accounts: Overdraft fees $ 207 $ 209 $ 597 $ 583 ATM banking fees 219 209 634 528 Service charges and other fees 65 61 185 286 Investment securities gains on sale, net (a) - 398 - 886 Equity securities, unrealized gains (a) 15 - 46 - Earnings on bank-owned life insurance (a) 108 109 318 316 Gain on sale of loans (a) 43 255 164 720 Other income 291 200 807 622 Total noninterest income $ 948 $ 1,441 $ 2,751 $ 3,941 (a) Not 606 |
Note 3 - Stock-based Compensati
Note 3 - Stock-based Compensation | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | NOTE 3 The Company had no September 30, 2018 2017. Stock option activity during the nine September 30 Weighted- average Exercise Price Shares Per Share Outstanding, January 1, 2018 19,750 $ 20.94 Exercised (6,150 ) 23.00 Outstanding, September 30, 2018 13,600 $ 20.01 Exercisable, September 30, 2018 13,600 $ 20.01 The following table presents the activity during the nine September 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 September 30, 2018 20,425 $ 41.80 Expected to vest at September 30, 2018 10,473 $ 35.71 The Company recognizes restricted stock forfeitures in the period they occur. Share-based compensation expense of $90,000 $45,000 three September 30, 2018 2017, $226,000 $135,000 nine September 30, 2018 2017, The expected remaining compensation expense that will be recognized on restricted stock totals $102,000, $31,000 2018 $71,000 2019. |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 4 - EARNINGS PER SHA RE 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 Nine Months Ended Months Ended September 30, September 30, 2018 2017 2018 2017 Weighted-average common shares issued 3,620,558 3,598,500 3,613,010 3,352,316 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 3,234,393 3,212,335 3,226,845 2,966,151 Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share 13,933 11,418 15,454 12,592 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share 3,248,326 3,223,753 3,242,299 2,978,743 Options to purchase 13,600 $17.55 $23.00 three nine September 30, 2018. 20,425 None Options to purchase 21,375 $17.55 $37.00 three nine September 30, 2017. 12,811 None |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 9 Months Ended |
Sep. 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. September 30, 2018 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: U.S. government agency securities $ - $ 7,594 $ - $ 7,594 Obligations of states and political subdivisions - 74,130 - 74,130 Mortgage-backed securities in government-sponsored entities - 17,993 - 17,993 Total debt securities - 99,717 - 99,717 Equity securities in financial institutions (a) 421 - - 421 Total $ 421 $ 99,717 $ - $ 100,138 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 (a) 375 - - 375 Total $ 375 $ 94,658 $ - $ 95,033 (a) one not $250,000. Investment Securities Available for S ale Equity Securities no not September 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 nine September 30, 2018. September 30, 2018 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 851 $ 851 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 $379,000 September 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) September 30, 2018 Impaired loans $ 851 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 100.0% (52.19%) 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 September 30, 2018 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents (1) $ 81,951 $ 81,951 $ - $ - $ 81,951 Loans held for sale 925 - 925 - 925 Net loans 965,474 - - 951,818 951,818 Bank-owned life insurance (1) 15,970 15,970 - - 15,970 Federal Home Loan Bank stock (1) 3,679 3,679 - - 3,679 Accrued interest receivable (1) 3,733 3,733 - - 3,733 Financial liabilities: Deposits $ 1,013,761 $ 717,887 $ - $ 292,362 $ 1,010,249 Short-term borrowings (1) 55,304 55,304 - - 55,304 Other borrowings 8,956 - - 8,949 8,949 Accrued interest payable (1) 704 704 - - 704 ( 1 September 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 | 9 Months Ended |
Sep. 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 nine September 30, 2018 2017, (Dollars in thousands) Unrealized gains on available-for-sale securities (a) Balance as of June 30, 2018 $ (431 ) Other comprehensive loss (1,025 ) Balance at September 30, 2018 $ (1,456 ) Balance as of December 31, 2017 $ 1,091 Other comprehensive loss (2,593 ) Change in accounting principle, ASC 2016-01 (b) (141 ) Change in accounting principle, ASC 2018-02 (b) 187 Period change (2,547 ) Balance at September 30, 2018 $ (1,456 ) (Dollars in thousands) Unrealized gains on available-for-sale securities (a) Balance as of June 30, 2017 $ 1,815 Other comprehensive loss before reclassification (175 ) Amount reclassified from accumulated other comprehensive income (263 ) Period change (438 ) Balance at September 30, 2017 $ 1,377 Balance as of December 31, 2016 $ 1,201 Other comprehensive income before reclassification 761 Amount reclassified from accumulated other comprehensive income (585 ) Period change 176 Balance at September 30, 2017 $ 1,377 (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: Amounts Reclassified from Accumulated Other Comprehensive Affected Line Item in Income the Statement Where (Dollars in thousands) For the Three Months Ended Net Income is Details about other comprehensive income September 30, 2018 September 30, 2017 Presented Unrealized gains on available-for-sale securities (a) $ - $ 398 Investment securities gains on sale, net - (135 ) Income taxes $ - $ 263 Amount Reclassified from Accumulated Other Comprehensive Affected Line Item in Income the Statement Where (Dollars in thousands) For the Nine Months Ended Net Income is Details about other comprehensive income September 30, 2018 September 30, 2017 Presented Unrealized gains on available-for-sale securities (a) $ - $ 886 Investment securities gains on sale, net - (301 ) Income taxes $ - $ 585 (a) For unrealized gains on available-for-sale securities, amounts in parentheses indicate expenses and other amounts indicate income. |
Note 7 - Investment and Equity
Note 7 - Investment and Equity Securities | 9 Months Ended |
Sep. 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 available for sale are as follows: September 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value U.S. government agency securities $ 7,703 $ 24 $ (133 ) $ 7,594 Obligations of states and political subdivisions: Taxable 502 10 - 512 Tax-exempt 74,592 500 (1,474 ) 73,618 Mortgage-backed securities in government-sponsored entities 18,760 26 (793 ) 17,993 Total $ 101,557 $ 560 $ (2,400 ) $ 99,717 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 September 30, 2018. $250,000, no The Company recognized net gains on equity investments of $15,000 $46,000, three nine September 30, 2018. No The amortized cost and fair value of debt securities at September 30, 2018, may Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 4,484 $ 4,516 Due after one year through five years 6,358 6,407 Due after five years through ten years 12,126 11,955 Due after ten years 78,589 76,839 Total $ 101,557 $ 99,717 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 September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 Proceeds from sales $ - $ 3,787 $ - $ 6,474 Gross realized gains - 430 - 918 (1) Gross realized losses - (32 ) - (32 ) ( 1 $488,000. nine September 30, 2017. Investment securities with an approximate carrying value of $66.2 $57.9 September 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. September 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 $ 1,733 $ (6 ) $ 4,186 $ (127 ) $ 5,919 $ (133 ) Obligations of states and political subdivisions: Tax-exempt 38,810 (1,323 ) 3,375 (151 ) 42,185 (1,474 ) Mortgage-backed securities in government-sponsored entities 6,186 (213 ) 9,832 (580 ) 16,018 (793 ) Total $ 46,729 $ (1,542 ) $ 17,393 $ (858 ) $ 64,122 $ (2,400 ) 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 114 September 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% September 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 nine September 30, 2018 2017, no not September 30, 2018 December 31, 2017 not |
Note 8 - Loans and Related Allo
Note 8 - Loans and Related Allowance for Loan and Lease Losses | 9 Months Ended |
Sep. 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): September 30, December 31, 2018 2017 Commercial and industrial $ 93,144 $ 101,346 Real estate - construction 48,901 47,017 Real estate - mortgage: Residential 329,609 318,157 Commercial 483,675 437,947 Consumer installment 17,639 18,746 972,968 923,213 Less: Allowance for loan and lease losses (7,494 ) (7,190 ) Net loans $ 965,474 $ 916,023 The amounts above include deferred loan origination costs of $1.5 September 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, Westerville, and Powell, 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 accrual 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 September 30, 2018 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Loans: Individually evaluated for impairment $ 3,045 $ - $ 2,495 $ 6,055 $ 3 $ 11,598 Collectively evaluated for impairment 90,099 48,901 327,114 477,620 17,636 961,370 Total loans $ 93,144 $ 48,901 $ 329,609 $ 483,675 $ 17,639 $ 972,968 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 September 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 $ 840 $ - $ 75 $ 565 $ 1 $ 1,481 Collectively evaluated for impairment 316 101 1,630 3,843 123 6,013 Total ending allowance balance $ 1,156 $ 101 $ 1,705 $ 4,408 $ 124 $ 7,494 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, CRE, and Consumer Installment loan portfolios were partially offset by a decrease in the allowance for the Real Estate Construction and Residential portfolios. 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 September 30, 2018 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial and industrial $ 585 $ 1,061 $ - Real estate - mortgage: Residential 1,594 1,747 - Commercial 2,246 2,425 - Total $ 4,425 $ 5,233 $ - With an allowance recorded: Commercial and industrial $ 2,460 $ 3,146 $ 840 Real estate - mortgage: Residential 901 1,034 75 Commercial 3,809 3,930 565 Consumer installment 3 3 1 Total $ 7,173 $ 8,113 $ 1,481 Total: Commercial and industrial $ 3,045 $ 4,207 $ 840 Real estate - mortgage: Residential 2,495 2,781 75 Commercial 6,055 6,355 565 Consumer installment 3 3 1 Total $ 11,598 $ 13,346 $ 1,481 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 $4.5 September 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 September 30, 2018 For the Nine Months Ended September 30, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial and industrial $ 2,984 $ 32 $ 4,620 $ 100 Real estate - construction - - 11 - Real estate - mortgage: Residential 2,574 18 2,672 49 Commercial 6,132 50 6,123 151 Consumer installment 3 - 3 - Total $ 11,693 $ 100 $ 13,429 $ 300 For the Three Months Ended September 30, 2017 For the Nine Months Ended September 30, 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial and industrial $ 2,633 $ 69 $ 1,962 $ 210 Real estate - construction 431 - 738 1 Real estate - mortgage: Residential 2,988 19 3,149 69 Commercial 7,216 48 7,223 231 Consumer installment 5 1 5 1 Total $ 13,273 $ 137 $ 13,077 $ 512 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. 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 related to deterioration in the value of collateral securing the loan should foreclosure become necessary. 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 September 30, 2018 Pass Mention Substandard Doubtful Loans Commercial and industrial $ 85,821 $ 4,178 $ 3,145 $ - $ 93,144 Real estate - construction 47,551 1,350 - - 48,901 Real estate - mortgage: Residential 325,378 560 3,671 - 329,609 Commercial 472,861 5,809 5,005 - 483,675 Consumer installment 17,628 - 11 - 17,639 Total $ 949,239 $ 11,897 $ 11,832 $ - $ 972,968 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 September 30, 2018 Current Past Due Past Due Past Due Past Due Loans Commercial and industrial $ 92,506 $ 155 $ - $ 483 $ 638 $ 93,144 Real estate - construction 48,901 - - - - 48,901 Real estate - mortgage: Residential 325,886 2,317 625 781 3,723 329,609 Commercial 481,607 1,004 118 946 2,068 483,675 Consumer installment 17,625 11 3 - 14 17,639 Total $ 966,525 $ 3,487 $ 746 $ 2,210 $ 6,443 $ 972,968 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 September 30, 2018 Nonaccrual Due and Accruing Commercial and industrial $ 1,368 $ - Real estate - construction - - Real estate - mortgage: Residential 2,935 - Commercial 2,980 - Consumer installment 5 - Total $ 7,288 $ - 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 $319,000 nine September 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 (284 ) - (119 ) (111 ) (138 ) (652 ) Recoveries 167 46 76 - 37 326 Provision 274 (258 ) (12 ) 483 143 630 ALLL balance at September 30, 2018 $ 1,156 $ 101 $ 1,705 $ 4,408 $ 124 $ 7,494 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 (439 ) - (74 ) (39 ) (384 ) (936 ) Recoveries 189 34 59 111 182 575 Provision 529 53 (967 ) 476 524 615 ALLL balance at September 30, 2017 $ 727 $ 259 $ 1,836 $ 3,683 $ 347 $ 6,852 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at June 30, 2018 $ 1,180 $ 89 $ 1,743 $ 4,361 $ 129 $ 7,502 Charge-offs (275 ) - (45 ) - (3 ) (323 ) Recoveries 28 28 47 - 2 105 Provision 223 (16 ) (40 ) 47 (4 ) 210 ALLL balance at September 30, 2018 $ 1,156 $ 101 $ 1,705 $ 4,408 $ 124 $ 7,494 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at June 30, 2017 $ 613 $ 202 $ 1,767 $ 4,012 $ 11 $ 6,605 Charge-offs (4 ) - - (20 ) (229 ) (253 ) Recoveries 46 11 45 111 7 220 Provision 72 46 24 (420 ) 558 280 ALLL balance at September 30, 2017 $ 727 $ 259 $ 1,836 $ 3,683 $ 347 $ 6,852 The negative provision allocated to real estate construction loans for the three nine September 30, 2018 0.127% 0.775% first 2018 no The negative provision allocated to residential real estate loans in the amount of $967,000 nine September 30, 2017 The negative provision allocated to commercial real estate loans in the amounts of $420,000 nine September 30, 2017 The following tables summarize troubled debt restructurings (in thousands): For the Three Months Ended September 30, 2018 Number of Contracts Pre-Modification Post-Modification Term Outstanding Recorded Outstanding Recorded Troubled Debt Restructurings Modification Other Total Investment Investment Residential real estate 1 - 1 $ 86 $ 86 For the Nine Months Ended September 30, 2018 Number of Contracts Pre-Modification Post-Modification Term Outstanding Recorded Outstanding Recorded Troubled Debt Restructurings Modification Other Total Investment Investment Residential real estate 2 2 4 261 261 For the Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Post-Modification Term Outstanding Recorded Outstanding Recorded Troubled Debt Restructurings Modification Other Total Investment Investment Residential real estate 1 - 1 $ 29 $ 29 For the Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Post-Modification Term Outstanding Recorded Outstanding Recorded Troubled Debt Restructurings Modification Other Total Investment Investment Commercial and industrial 1 1 2 $ 954 $ 955 Residential real estate 3 - 3 39 39 The following table summarizes TDR modifications within the previous 12 nine September 30, 2018 ( For the Nine Months Ended September 30, 2018 Troubled Debt Restructurings Number of Recorded subsequently defaulted Contracts Investment Residential real estate 1 $ 20 There were no three nine September 30, 2018 September 30, 2017. |
Note 2 - Revenue Recognition (T
Note 2 - Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, Noninterest Income 2018 2017 2018 2017 (Dollar amounts in thousands) Service charges on deposit accounts: Overdraft fees $ 207 $ 209 $ 597 $ 583 ATM banking fees 219 209 634 528 Service charges and other fees 65 61 185 286 Investment securities gains on sale, net (a) - 398 - 886 Equity securities, unrealized gains (a) 15 - 46 - Earnings on bank-owned life insurance (a) 108 109 318 316 Gain on sale of loans (a) 43 255 164 720 Other income 291 200 807 622 Total noninterest income $ 948 $ 1,441 $ 2,751 $ 3,941 |
Note 3 - Stock-based Compensa_2
Note 3 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Weighted- average Exercise Price Shares Per Share Outstanding, January 1, 2018 19,750 $ 20.94 Exercised (6,150 ) 23.00 Outstanding, September 30, 2018 13,600 $ 20.01 Exercisable, September 30, 2018 13,600 $ 20.01 |
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 September 30, 2018 20,425 $ 41.80 Expected to vest at September 30, 2018 10,473 $ 35.71 |
Note 4 - Earnings Per Share (Ta
Note 4 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Weighted Average Number of Shares [Table Text Block] | For the Three For the Nine Months Ended Months Ended September 30, September 30, 2018 2017 2018 2017 Weighted-average common shares issued 3,620,558 3,598,500 3,613,010 3,352,316 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 3,234,393 3,212,335 3,226,845 2,966,151 Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share 13,933 11,418 15,454 12,592 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share 3,248,326 3,223,753 3,242,299 2,978,743 |
Note 5 - Fair Value Measureme_2
Note 5 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | September 30, 2018 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: U.S. government agency securities $ - $ 7,594 $ - $ 7,594 Obligations of states and political subdivisions - 74,130 - 74,130 Mortgage-backed securities in government-sponsored entities - 17,993 - 17,993 Total debt securities - 99,717 - 99,717 Equity securities in financial institutions (a) 421 - - 421 Total $ 421 $ 99,717 $ - $ 100,138 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 (a) 375 - - 375 Total $ 375 $ 94,658 $ - $ 95,033 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | September 30, 2018 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 851 $ 851 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) September 30, 2018 Impaired loans $ 851 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 100.0% (52.19%) 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] | September 30, 2018 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents (1) $ 81,951 $ 81,951 $ - $ - $ 81,951 Loans held for sale 925 - 925 - 925 Net loans 965,474 - - 951,818 951,818 Bank-owned life insurance (1) 15,970 15,970 - - 15,970 Federal Home Loan Bank stock (1) 3,679 3,679 - - 3,679 Accrued interest receivable (1) 3,733 3,733 - - 3,733 Financial liabilities: Deposits $ 1,013,761 $ 717,887 $ - $ 292,362 $ 1,010,249 Short-term borrowings (1) 55,304 55,304 - - 55,304 Other borrowings 8,956 - - 8,949 8,949 Accrued interest payable (1) 704 704 - - 704 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 Co_2
Note 6 - Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 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 June 30, 2018 $ (431 ) Other comprehensive loss (1,025 ) Balance at September 30, 2018 $ (1,456 ) Balance as of December 31, 2017 $ 1,091 Other comprehensive loss (2,593 ) Change in accounting principle, ASC 2016-01 (b) (141 ) Change in accounting principle, ASC 2018-02 (b) 187 Period change (2,547 ) Balance at September 30, 2018 $ (1,456 ) (Dollars in thousands) Unrealized gains on available-for-sale securities (a) Balance as of June 30, 2017 $ 1,815 Other comprehensive loss before reclassification (175 ) Amount reclassified from accumulated other comprehensive income (263 ) Period change (438 ) Balance at September 30, 2017 $ 1,377 Balance as of December 31, 2016 $ 1,201 Other comprehensive income before reclassification 761 Amount reclassified from accumulated other comprehensive income (585 ) Period change 176 Balance at September 30, 2017 $ 1,377 |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | Amounts Reclassified from Accumulated Other Comprehensive Affected Line Item in Income the Statement Where (Dollars in thousands) For the Three Months Ended Net Income is Details about other comprehensive income September 30, 2018 September 30, 2017 Presented Unrealized gains on available-for-sale securities (a) $ - $ 398 Investment securities gains on sale, net - (135 ) Income taxes $ - $ 263 Amount Reclassified from Accumulated Other Comprehensive Affected Line Item in Income the Statement Where (Dollars in thousands) For the Nine Months Ended Net Income is Details about other comprehensive income September 30, 2018 September 30, 2017 Presented Unrealized gains on available-for-sale securities (a) $ - $ 886 Investment securities gains on sale, net - (301 ) Income taxes $ - $ 585 |
Note 7 - Investment and Equit_2
Note 7 - Investment and Equity Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | September 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value U.S. government agency securities $ 7,703 $ 24 $ (133 ) $ 7,594 Obligations of states and political subdivisions: Taxable 502 10 - 512 Tax-exempt 74,592 500 (1,474 ) 73,618 Mortgage-backed securities in government-sponsored entities 18,760 26 (793 ) 17,993 Total $ 101,557 $ 560 $ (2,400 ) $ 99,717 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 $ 4,484 $ 4,516 Due after one year through five years 6,358 6,407 Due after five years through ten years 12,126 11,955 Due after ten years 78,589 76,839 Total $ 101,557 $ 99,717 |
Realized Gain (Loss) on Investments [Table Text Block] | (Dollar amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 Proceeds from sales $ - $ 3,787 $ - $ 6,474 Gross realized gains - 430 - 918 (1) Gross realized losses - (32 ) - (32 ) |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 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 $ 1,733 $ (6 ) $ 4,186 $ (127 ) $ 5,919 $ (133 ) Obligations of states and political subdivisions: Tax-exempt 38,810 (1,323 ) 3,375 (151 ) 42,185 (1,474 ) Mortgage-backed securities in government-sponsored entities 6,186 (213 ) 9,832 (580 ) 16,018 (793 ) Total $ 46,729 $ (1,542 ) $ 17,393 $ (858 ) $ 64,122 $ (2,400 ) 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 Al_2
Note 8 - Loans and Related Allowance for Loan and Lease Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, 2018 2017 Commercial and industrial $ 93,144 $ 101,346 Real estate - construction 48,901 47,017 Real estate - mortgage: Residential 329,609 318,157 Commercial 483,675 437,947 Consumer installment 17,639 18,746 972,968 923,213 Less: Allowance for loan and lease losses (7,494 ) (7,190 ) Net loans $ 965,474 $ 916,023 |
Schedule Of Financing Receivable By Segment [Table Text Block] | Real Estate - Mortgage September 30, 2018 Commercial and industrial Real estate- construction Residential Commercial Consumer installment Total Loans: Individually evaluated for impairment $ 3,045 $ - $ 2,495 $ 6,055 $ 3 $ 11,598 Collectively evaluated for impairment 90,099 48,901 327,114 477,620 17,636 961,370 Total loans $ 93,144 $ 48,901 $ 329,609 $ 483,675 $ 17,639 $ 972,968 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 September 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 $ 840 $ - $ 75 $ 565 $ 1 $ 1,481 Collectively evaluated for impairment 316 101 1,630 3,843 123 6,013 Total ending allowance balance $ 1,156 $ 101 $ 1,705 $ 4,408 $ 124 $ 7,494 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 (284 ) - (119 ) (111 ) (138 ) (652 ) Recoveries 167 46 76 - 37 326 Provision 274 (258 ) (12 ) 483 143 630 ALLL balance at September 30, 2018 $ 1,156 $ 101 $ 1,705 $ 4,408 $ 124 $ 7,494 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 (439 ) - (74 ) (39 ) (384 ) (936 ) Recoveries 189 34 59 111 182 575 Provision 529 53 (967 ) 476 524 615 ALLL balance at September 30, 2017 $ 727 $ 259 $ 1,836 $ 3,683 $ 347 $ 6,852 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at June 30, 2018 $ 1,180 $ 89 $ 1,743 $ 4,361 $ 129 $ 7,502 Charge-offs (275 ) - (45 ) - (3 ) (323 ) Recoveries 28 28 47 - 2 105 Provision 223 (16 ) (40 ) 47 (4 ) 210 ALLL balance at September 30, 2018 $ 1,156 $ 101 $ 1,705 $ 4,408 $ 124 $ 7,494 Commercial and industrial Real estate- construction Real estate- residential mortgage Real estate- commercial mortgage Consumer installment Total ALLL balance at June 30, 2017 $ 613 $ 202 $ 1,767 $ 4,012 $ 11 $ 6,605 Charge-offs (4 ) - - (20 ) (229 ) (253 ) Recoveries 46 11 45 111 7 220 Provision 72 46 24 (420 ) 558 280 ALLL balance at September 30, 2017 $ 727 $ 259 $ 1,836 $ 3,683 $ 347 $ 6,852 |
Impaired Financing Receivables [Table Text Block] | September 30, 2018 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial and industrial $ 585 $ 1,061 $ - Real estate - mortgage: Residential 1,594 1,747 - Commercial 2,246 2,425 - Total $ 4,425 $ 5,233 $ - With an allowance recorded: Commercial and industrial $ 2,460 $ 3,146 $ 840 Real estate - mortgage: Residential 901 1,034 75 Commercial 3,809 3,930 565 Consumer installment 3 3 1 Total $ 7,173 $ 8,113 $ 1,481 Total: Commercial and industrial $ 3,045 $ 4,207 $ 840 Real estate - mortgage: Residential 2,495 2,781 75 Commercial 6,055 6,355 565 Consumer installment 3 3 1 Total $ 11,598 $ 13,346 $ 1,481 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 September 30, 2018 For the Nine Months Ended September 30, 2018 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial and industrial $ 2,984 $ 32 $ 4,620 $ 100 Real estate - construction - - 11 - Real estate - mortgage: Residential 2,574 18 2,672 49 Commercial 6,132 50 6,123 151 Consumer installment 3 - 3 - Total $ 11,693 $ 100 $ 13,429 $ 300 For the Three Months Ended September 30, 2017 For the Nine Months Ended September 30, 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial and industrial $ 2,633 $ 69 $ 1,962 $ 210 Real estate - construction 431 - 738 1 Real estate - mortgage: Residential 2,988 19 3,149 69 Commercial 7,216 48 7,223 231 Consumer installment 5 1 5 1 Total $ 13,273 $ 137 $ 13,077 $ 512 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Special Total September 30, 2018 Pass Mention Substandard Doubtful Loans Commercial and industrial $ 85,821 $ 4,178 $ 3,145 $ - $ 93,144 Real estate - construction 47,551 1,350 - - 48,901 Real estate - mortgage: Residential 325,378 560 3,671 - 329,609 Commercial 472,861 5,809 5,005 - 483,675 Consumer installment 17,628 - 11 - 17,639 Total $ 949,239 $ 11,897 $ 11,832 $ - $ 972,968 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 September 30, 2018 Current Past Due Past Due Past Due Past Due Loans Commercial and industrial $ 92,506 $ 155 $ - $ 483 $ 638 $ 93,144 Real estate - construction 48,901 - - - - 48,901 Real estate - mortgage: Residential 325,886 2,317 625 781 3,723 329,609 Commercial 481,607 1,004 118 946 2,068 483,675 Consumer installment 17,625 11 3 - 14 17,639 Total $ 966,525 $ 3,487 $ 746 $ 2,210 $ 6,443 $ 972,968 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 September 30, 2018 Nonaccrual Due and Accruing Commercial and industrial $ 1,368 $ - Real estate - construction - - Real estate - mortgage: Residential 2,935 - Commercial 2,980 - Consumer installment 5 - Total $ 7,288 $ - 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 September 30, 2018 Number of Contracts Pre-Modification Post-Modification Term Outstanding Recorded Outstanding Recorded Troubled Debt Restructurings Modification Other Total Investment Investment Residential real estate 1 - 1 $ 86 $ 86 For the Nine Months Ended September 30, 2018 Number of Contracts Pre-Modification Post-Modification Term Outstanding Recorded Outstanding Recorded Troubled Debt Restructurings Modification Other Total Investment Investment Residential real estate 2 2 4 261 261 For the Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Post-Modification Term Outstanding Recorded Outstanding Recorded Troubled Debt Restructurings Modification Other Total Investment Investment Residential real estate 1 - 1 $ 29 $ 29 For the Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Post-Modification Term Outstanding Recorded Outstanding Recorded Troubled Debt Restructurings Modification Other Total Investment Investment Commercial and industrial 1 1 2 $ 954 $ 955 Residential real estate 3 - 3 39 39 |
Subsequently Defaulted [Member] | |
Notes Tables | |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | For the Nine Months Ended September 30, 2018 Troubled Debt Restructurings Number of Recorded subsequently defaulted Contracts Investment Residential real estate 1 $ 20 |
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) | 9 Months Ended |
Sep. 30, 2018 | |
Revenue from Interest Income and Noninterest Income, Percent | 92.90% |
Note 2 - Revenue Recognition -
Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Investment securities gains on sale, net | [1] | $ 398,000 | $ 886,000 | ||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | [1] | 15,000 | 46,000 | ||
Earnings on bank-owned life insurance | [1] | 108,000 | 109,000 | 318,000 | 316,000 |
Gain on sale of loans | [1] | 43,000 | 255,000 | 164,000 | 720,000 |
Total noninterest income | 948,000 | 1,441,000 | 2,751,000 | 3,941,000 | |
Overdraft Fees [Member] | |||||
Noninterest income revenue | 207,000 | 209,000 | 597,000 | 583,000 | |
ATM Banking Fees [Member] | |||||
Noninterest income revenue | 219,000 | 209,000 | 634,000 | 528,000 | |
Service Charge and Other Fees [Member] | |||||
Noninterest income revenue | 65,000 | 61,000 | 185,000 | 286,000 | |
Financial Service, Other [Member] | |||||
Noninterest income revenue | $ 291,000 | $ 200,000 | $ 807,000 | $ 622,000 | |
[1] | Not within scope of ASC 606 |
Note 3 - Stock-based Compensa_3
Note 3 - Stock-based Compensation (Details Textual) - USD ($) shares in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 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 | $ 90,000 | $ 45,000 | $ 226,000 | $ 135,000 | ||
Restricted Stock [Member] | ||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 102,000 | $ 102,000 | ||||
Restricted Stock [Member] | Scenario, Forecast [Member] | ||||||
Allocated Share-based Compensation Expense, Total | $ 71,000 | $ 31,000 |
Note 3 - Stock-based Compensa_4
Note 3 - Stock-based Compensation - Stock Option Activity (Details) | 9 Months Ended |
Sep. 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 | (6,150) |
Exercised, weighted average exercise price (in dollars per share) | $ / shares | $ 23 |
Outstanding (in shares) | shares | 13,600 |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 20.01 |
Exercisable (in shares) | shares | 13,600 |
Exercisable, weighted average exercise price (in dollars per share) | $ / shares | $ 20.01 |
Note 3 - Stock-based Compensa_5
Note 3 - Stock-based Compensation - Activity Related to Restricted Stock Units Awarded (Details) - Restricted Stock [Member] | 9 Months Ended |
Sep. 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 | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 13,600 | 21,375 | 13,600 | 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 | $ 37 | $ 23 | $ 37 | |
Employee Stock Option and Restricted Stock [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | 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 | 12,811 | 20,425 | 12,811 | 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 | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Weighted-average common shares issued (in shares) | 3,620,558 | 3,598,500 | 3,613,010 | 3,352,316 |
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) | 3,234,393 | 3,212,335 | 3,226,845 | 2,966,151 |
Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share (in shares) | 13,933 | 11,418 | 15,454 | 12,592 |
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share (in shares) | 3,248,326 | 3,223,753 | 3,242,299 | 2,978,743 |
Note 5 - Fair Value Measureme_3
Note 5 - Fair Value Measurements (Details Textual) | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Equity Securities without Readily Determinable Fair Value, Number of Securities | 1 |
Equity Securities without Readily Determinable Fair Value, Amount | $ 250,000 |
Estimated Selling Costs of Impaired Loans | $ 379,000 |
Note 5 - Fair Value Measureme_4
Note 5 - Fair Value Measurements - Assets Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Investment securities available for sale, at fair value | $ 99,717 | $ 95,283 | |
US Government Agencies Debt Securities [Member] | |||
Investment securities available for sale, at fair value | 7,594 | 8,719 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Investment securities available for sale, at fair value | 17,993 | 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 | 100,138 | 95,033 | |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | |||
Investment securities available for sale, at fair value | 7,594 | 8,719 | |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Investment securities available for sale, at fair value | 74,130 | 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 | 17,993 | 18,510 | |
Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | |||
Investment securities available for sale, at fair value | 99,717 | 94,658 | |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | |||
Investment securities available for sale, at fair value | [1] | 421 | 375 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Investment securities available for sale, at fair value | 421 | 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 | [1] | 421 | 375 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Investment securities available for sale, at fair value | 99,717 | 94,658 | |
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 | 7,594 | 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 | 74,130 | 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 | 17,993 | 18,510 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Debt Securities [Member] | |||
Investment securities available for sale, at fair value | 99,717 | 94,658 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | |||
Investment securities available for sale, at fair value | [1] | ||
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 | [1] | ||
[1] | The Company held one equity investment not included in this total because it is held at amortized cost of $250,000. |
Note 5 - Fair Value Measureme_5
Note 5 - Fair Value Measurements - Assets Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Impaired loans | $ 11,598 | $ 12,109 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | 851 | 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 | $ 851 | 3,072 |
Other real estate owned | $ 32 |
Note 5 - Fair Value Measureme_6
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 | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Impaired loans, fair value estimate | [1] | $ 851 | $ 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] | (0.5219) | 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 Measureme_7
Note 5 - Fair Value Measurements - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Reported Value Measurement [Member] | |||
Financial assets: | |||
Cash and cash equivalents | $ 81,951 | [1] | $ 39,886 |
Loans held for sale | 925 | 463 | |
Net loans | 965,474 | 916,023 | |
Bank-owned life insurance | 15,970 | [1] | 15,652 |
Federal Home Loan Bank stock | 3,679 | [1] | 3,589 |
Accrued interest receivable | 3,733 | [1] | 3,288 |
Financial liabilities: | |||
Deposits | 1,013,761 | 878,194 | |
Short-term borrowings | 55,304 | [1] | 74,707 |
Other borrowings | 8,956 | 29,065 | |
Accrued interest payable | 704 | [1] | 578 |
Estimate of Fair Value Measurement [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 81,951 | [1] | 39,886 |
Loans held for sale | 925 | 463 | |
Net loans | 951,818 | 913,323 | |
Bank-owned life insurance | 15,970 | [1] | 15,652 |
Federal Home Loan Bank stock | 3,679 | [1] | 3,589 |
Accrued interest receivable | 3,733 | [1] | 3,288 |
Financial liabilities: | |||
Deposits | 1,010,249 | 877,227 | |
Short-term borrowings | 55,304 | [1] | 74,707 |
Other borrowings | 8,949 | 29,069 | |
Accrued interest payable | 704 | [1] | 578 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 81,951 | [1] | 39,886 |
Loans held for sale | |||
Net loans | |||
Bank-owned life insurance | 15,970 | [1] | 15,652 |
Federal Home Loan Bank stock | 3,679 | [1] | 3,589 |
Accrued interest receivable | 3,733 | [1] | 3,288 |
Financial liabilities: | |||
Deposits | 717,887 | 635,207 | |
Short-term borrowings | 55,304 | [1] | 74,707 |
Other borrowings | |||
Accrued interest payable | 704 | [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 | 925 | 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 | 951,818 | 913,323 | |
Bank-owned life insurance | [1] | ||
Federal Home Loan Bank stock | [1] | ||
Accrued interest receivable | [1] | ||
Financial liabilities: | |||
Deposits | 292,362 | 242,020 | |
Short-term borrowings | [1] | ||
Other borrowings | 8,949 | 29,069 | |
Accrued interest payable | [1] | ||
[1] | This financial instrument is carried at cost at September 30, 2018, which approximates the fair value of the instrument. |
Note 6 - Accumulated Other Co_3
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 | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Balance | $ 119,863 | ||||
Change in accounting principle, ASC 2016-01 | |||||
Change in accounting principle, ASC 2018-02 | |||||
Total other comprehensive income (loss) | (2,593) | ||||
Balance | $ 124,233 | 124,233 | |||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||
Balance | [1] | (431) | $ 1,815 | 1,091 | $ 1,201 |
Other comprehensive income (loss) before reclassification | [1] | (1,025) | (175) | (2,593) | 761 |
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] | (438) | (2,547) | 176 | |
Balance | [1] | $ (1,456) | 1,377 | $ (1,456) | 1,377 |
Amount reclassified from accumulated other comprehensive income | [1] | $ (263) | $ (585) | ||
[1] | All amounts are net of tax. Amounts in parentheses indicate debits to AOCI. | ||||
[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 Co_4
Note 6 - Accumulated Other Comprehensive Income - Significant Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Investment securities gains on sale, net | [1] | $ 398 | $ 886 | ||
Income taxes | (135) | (301) | |||
Net of tax | $ 263 | $ 585 | |||
[1] | For unrealized gains on available-for-sale securities, amounts in parentheses indicate expenses and other amounts indicate income. |
Note 7 - Investment and Equit_3
Note 7 - Investment and Equity Securities (Details Textual) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | 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] | 15,000 | 46,000 | |||
Equity Securities, FV-NI, Realized Gain (Loss), Total | 0 | 0 | ||||
Security Owned and Pledged as Collateral, Fair Value, Total | $ 66,200,000 | $ 66,200,000 | $ 57,900,000 | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 114 | 114 | ||||
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 | ||||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 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 Equit_4
Note 7 - Investment and Equity Securities - Amortized Cost and Fair Values of Securities Available for Sale (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Amortized cost | $ 101,557 | $ 93,631 |
Gross unrealized gains | 560 | 2,048 |
Gross unrealized losses | (2,400) | (396) |
Investment securities available for sale, at fair value | 99,717 | 95,283 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 7,703 | 8,664 |
Gross unrealized gains | 24 | 126 |
Gross unrealized losses | (133) | (71) |
Investment securities available for sale, at fair value | 7,594 | 8,719 |
Taxable Municipal Bonds [Member] | ||
Amortized cost | 502 | 504 |
Gross unrealized gains | 10 | 8 |
Gross unrealized losses | ||
Investment securities available for sale, at fair value | 512 | 512 |
Nontaxable Municipal Bonds [Member] | ||
Amortized cost | 74,592 | 65,408 |
Gross unrealized gains | 500 | 1,547 |
Gross unrealized losses | (1,474) | (38) |
Investment securities available for sale, at fair value | 73,618 | 66,917 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 18,760 | 18,640 |
Gross unrealized gains | 26 | 157 |
Gross unrealized losses | (793) | (287) |
Investment securities available for sale, at fair value | $ 17,993 | 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 Equit_5
Note 7 - Investment and Equity Securities - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Due in one year or less, amortized costs | $ 4,484 |
Due in one year or less, fair value | 4,516 |
Due after one year through five years, amortized costs | 6,358 |
Due after one year through five years, fair value | 6,407 |
Due after five years through ten years, amortized costs | 12,126 |
Due after five years through ten years, fair value | 11,955 |
Due after ten years, amortized costs | 78,589 |
Due after ten years, fair value | 76,839 |
Amortized costs | 101,557 |
Fair Value | $ 99,717 |
Note 7 - Investment and Equit_6
Note 7 - Investment and Equity Securities - Sales of Available for Sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |||
Proceeds from sales | $ 3,787 | $ 6,474 | ||||
Gross realized gains | [1] | 430 | 918 | [1] | ||
Gross realized losses | $ (32) | $ (32) | ||||
[1] | Prior to the acquisition of Liberty Bank, N.A., the Company held an equity interest in Liberty which was remeasured at fair value on the acquisition date and resulted in a gain of $488,000. This gain was recorded in Equity Securities, Unrealized Gains on the consolidated Income Statement for the nine months ended September 30, 2017. |
Note 7 - Investment and Equit_7
Note 7 - Investment and Equity Securities - Gross Unrealized Losses and Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Less than Twelve Months, Fair Value | $ 46,729 | $ 7,264 |
Less than Twelve Months, Gross Unrealized Losses | (1,542) | (81) |
Twelve Months or Greater, Fair Value | 17,393 | 15,554 |
Twelve Months or Greater, Gross Unrealized Losses | (858) | (315) |
Total, Fair Value | 64,122 | 22,818 |
Total, Gross Unrealized Losses | (2,400) | (396) |
US Government Agencies Debt Securities [Member] | ||
Less than Twelve Months, Fair Value | 1,733 | 557 |
Less than Twelve Months, Gross Unrealized Losses | (6) | (4) |
Twelve Months or Greater, Fair Value | 4,186 | 4,036 |
Twelve Months or Greater, Gross Unrealized Losses | (127) | (67) |
Total, Fair Value | 5,919 | 4,593 |
Total, Gross Unrealized Losses | (133) | (71) |
Nontaxable Municipal Bonds [Member] | ||
Less than Twelve Months, Fair Value | 38,810 | 1,009 |
Less than Twelve Months, Gross Unrealized Losses | (1,323) | (6) |
Twelve Months or Greater, Fair Value | 3,375 | 2,784 |
Twelve Months or Greater, Gross Unrealized Losses | (151) | (32) |
Total, Fair Value | 42,185 | 3,793 |
Total, Gross Unrealized Losses | (1,474) | (38) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than Twelve Months, Fair Value | 6,186 | 5,698 |
Less than Twelve Months, Gross Unrealized Losses | (213) | (71) |
Twelve Months or Greater, Fair Value | 9,832 | 8,734 |
Twelve Months or Greater, Gross Unrealized Losses | (580) | (216) |
Total, Fair Value | 16,018 | 14,432 |
Total, Gross Unrealized Losses | $ (793) | $ (287) |
Note 8 - Loans and Related Al_3
Note 8 - Loans and Related Allowance for Loan and Lease Losses (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2018USD ($) | Mar. 31, 2018 | Sep. 30, 2017USD ($) | Mar. 31, 2017 | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Loans and Leases Receivable, Deferred Income, Total | $ 1,500,000 | $ 1,500,000 | $ 1,500,000 | ||||
Financing Receivable, Modifications, Recorded Investment | 4,500,000 | $ 4,500,000 | 5,400,000 | ||||
Number of Days Past Due | 90 days | ||||||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 319,000 | $ 437,000 | |||||
Allowance for Loan and Lease Losses, Write-offs | $ 323,000 | $ 253,000 | 652,000 | $ 936,000 | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | ||||
Real Estate Construction Porfolio Segment [Member] | |||||||
Loans and Leases Receivable, Historical Loss Rate | (0.127%) | 0.775% | |||||
Allowance for Loan and Lease Losses, Write-offs | 0 | ||||||
Commercial Real Estate Portfolio Segment [Member] | |||||||
Provision for Loan and Lease Losses, Total | 420,000 | ||||||
Threshold For Loans Evaluated For Impairment [Member] | |||||||
Loans and Leases Receivable, before Fees, Gross, Total | 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 | |||||
Threshold For Loans Evaluated For Impairment [Member] | Criticized Relationships [Member] | |||||||
Financing Receivable, Gross | 125,000 | 125,000 | |||||
Residential Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | |||||||
Allowance for Loan and Lease Losses, Write-offs | $ 45,000 | $ 119,000 | 74,000 | ||||
Provision for Loan and Lease Losses, Total | $ 967,000 | ||||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 |
Note 8 - Loans and Related Al_4
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Major Classifications of Net Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Loans | $ 972,968 | $ 923,213 | ||||
Less: Allowance for loan and lease losses | (7,494) | $ (7,502) | (7,190) | $ (6,852) | $ (6,605) | $ (6,598) |
Net loans | 965,474 | 916,023 | ||||
Commercial And Industrial [Member] | ||||||
Loans | 93,144 | 101,346 | ||||
Less: Allowance for loan and lease losses | (1,156) | (1,180) | (999) | (727) | (613) | (448) |
Real Estate Construction Porfolio Segment [Member] | ||||||
Loans | 48,901 | 47,017 | ||||
Less: Allowance for loan and lease losses | (101) | (89) | (313) | (259) | (202) | (172) |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Loans | 329,609 | 318,157 | ||||
Less: Allowance for loan and lease losses | (1,705) | (1,743) | (1,760) | (1,836) | (1,767) | (2,818) |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||||||
Loans | 483,675 | 437,947 | ||||
Less: Allowance for loan and lease losses | (4,408) | (4,361) | (4,036) | (3,683) | (4,012) | (3,135) |
Consumer Portfolio Segment [Member] | ||||||
Loans | 17,639 | 18,746 | ||||
Less: Allowance for loan and lease losses | $ (124) | $ (129) | $ (82) | $ (347) | $ (11) | $ (25) |
Note 8 - Loans and Related Al_5
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Primary Segments of the Loan Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Individually evaluated for impairment | $ 11,598 | $ 12,109 |
Collectively evaluated for impairment | 961,370 | 911,104 |
Total loans | 972,968 | 923,213 |
Commercial And Industrial [Member] | ||
Individually evaluated for impairment | 3,045 | 3,627 |
Collectively evaluated for impairment | 90,099 | 97,719 |
Total loans | 93,144 | 101,346 |
Real Estate Construction Porfolio Segment [Member] | ||
Individually evaluated for impairment | 44 | |
Collectively evaluated for impairment | 48,901 | 46,973 |
Total loans | 48,901 | 47,017 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Individually evaluated for impairment | 2,495 | 2,824 |
Collectively evaluated for impairment | 327,114 | 315,333 |
Total loans | 329,609 | 318,157 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Individually evaluated for impairment | 6,055 | 5,610 |
Collectively evaluated for impairment | 477,620 | 432,337 |
Total loans | 483,675 | 437,947 |
Consumer Portfolio Segment [Member] | ||
Individually evaluated for impairment | 3 | 4 |
Collectively evaluated for impairment | 17,636 | 18,742 |
Total loans | $ 17,639 | $ 18,746 |
Note 8 - Loans and Related Al_6
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | |
Individually evaluated for impairment | $ 1,481,000 | $ 1,567,000 | ||||
Collectively evaluated for impairment | 6,013,000 | 5,623,000 | ||||
Total ending allowance balance | $ 7,494,000 | $ 6,852,000 | $ 7,494,000 | $ 6,598,000 | 7,494,000 | 7,190,000 |
ALLL balance, period start | 7,502,000 | 6,605,000 | 7,190,000 | 6,598,000 | ||
Charge-offs | (323,000) | (253,000) | (652,000) | (936,000) | ||
Recoveries | 105,000 | 220,000 | 326,000 | 575,000 | ||
Provision | 210,000 | 280,000 | 630,000 | 615,000 | ||
ALLL balance, period end | 7,494,000 | 6,852,000 | 7,494,000 | 6,852,000 | ||
Commercial And Industrial [Member] | ||||||
Individually evaluated for impairment | 840,000 | 694,000 | ||||
Collectively evaluated for impairment | 316,000 | 305,000 | ||||
Total ending allowance balance | 1,156,000 | 727,000 | 1,156,000 | 448,000 | 1,156,000 | 999,000 |
ALLL balance, period start | 1,180,000 | 613,000 | 999,000 | 448,000 | ||
Charge-offs | (275,000) | (4,000) | (284,000) | (439,000) | ||
Recoveries | 28,000 | 46,000 | 167,000 | 189,000 | ||
Provision | 223,000 | 72,000 | 274,000 | 529,000 | ||
ALLL balance, period end | 1,156,000 | 727,000 | 1,156,000 | 727,000 | ||
Real Estate Construction Porfolio Segment [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 101,000 | 313,000 | ||||
Total ending allowance balance | 101,000 | 259,000 | 101,000 | 172,000 | 101,000 | 313,000 |
ALLL balance, period start | 89,000 | 202,000 | 313,000 | 172,000 | ||
Charge-offs | 0 | |||||
Recoveries | 28,000 | 11,000 | 46,000 | 34,000 | ||
Provision | (16,000) | 46,000 | (258,000) | 53,000 | ||
ALLL balance, period end | 101,000 | 259,000 | 101,000 | 259,000 | ||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Individually evaluated for impairment | 75,000 | 140,000 | ||||
Collectively evaluated for impairment | 1,630,000 | 1,620,000 | ||||
Total ending allowance balance | 1,705,000 | 1,836,000 | 1,705,000 | 2,818,000 | 1,705,000 | 1,760,000 |
ALLL balance, period start | 1,743,000 | 1,767,000 | 1,760,000 | 2,818,000 | ||
Charge-offs | (45,000) | (119,000) | (74,000) | |||
Recoveries | 47,000 | 45,000 | 76,000 | 59,000 | ||
Provision | (40,000) | 24,000 | (12,000) | (967,000) | ||
ALLL balance, period end | 1,705,000 | 1,836,000 | 1,705,000 | 1,836,000 | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||||||
Individually evaluated for impairment | 565,000 | 733,000 | ||||
Collectively evaluated for impairment | 3,843,000 | 3,303,000 | ||||
Total ending allowance balance | 4,408,000 | 3,683,000 | 4,408,000 | 3,135,000 | 4,408,000 | 4,036,000 |
ALLL balance, period start | 4,361,000 | 4,012,000 | 4,036,000 | 3,135,000 | ||
Charge-offs | (20,000) | (111,000) | (39,000) | |||
Recoveries | 111,000 | 111,000 | ||||
Provision | 47,000 | (420,000) | 483,000 | 476,000 | ||
ALLL balance, period end | 4,408,000 | 3,683,000 | 4,408,000 | 3,683,000 | ||
Consumer Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 1,000 | |||||
Collectively evaluated for impairment | 123,000 | 82,000 | ||||
Total ending allowance balance | 124,000 | 347,000 | 124,000 | 25,000 | $ 124,000 | $ 82,000 |
ALLL balance, period start | 129,000 | 11,000 | 82,000 | 25,000 | ||
Charge-offs | (3,000) | (229,000) | (138,000) | (384,000) | ||
Recoveries | 2,000 | 7,000 | 37,000 | 182,000 | ||
Provision | (4,000) | 558,000 | 143,000 | 524,000 | ||
ALLL balance, period end | $ 124,000 | $ 347,000 | $ 124,000 | $ 347,000 |
Note 8 - Loans and Related Al_7
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Impaired Loans by Class (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Recorded investment, with no related allowance | $ 4,425 | $ 4,053 |
Unpaid principal balance, with no related allowance | 5,233 | 4,942 |
Recorded investment, with related allowance | 7,173 | 8,056 |
Unpaid principal balance, with related allowance | 8,113 | 8,980 |
Related allowance | 1,481 | 1,567 |
Recorded investment | 11,598 | 12,109 |
Unpaid principal balance | 13,346 | 13,922 |
Commercial Loans [Member] | ||
Recorded investment, with related allowance | 3,809 | |
Unpaid principal balance, with related allowance | 3,930 | |
Related allowance | 565 | |
Commercial And Industrial [Member] | ||
Recorded investment, with no related allowance | 585 | 450 |
Unpaid principal balance, with no related allowance | 1,061 | 1,006 |
Recorded investment, with related allowance | 2,460 | 3,177 |
Unpaid principal balance, with related allowance | 3,146 | 3,888 |
Related allowance | 840 | 694 |
Recorded investment | 3,045 | 3,627 |
Unpaid principal balance | 4,207 | 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 | 901 | |
Unpaid principal balance, with related allowance | 1,034 | |
Related allowance | 75 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Recorded investment, with no related allowance | 1,594 | 1,685 |
Unpaid principal balance, with no related allowance | 1,747 | 1,904 |
Recorded investment, with related allowance | 1,139 | |
Unpaid principal balance, with related allowance | 1,179 | |
Related allowance | 75 | 140 |
Recorded investment | 2,495 | 2,824 |
Unpaid principal balance | 2,781 | 3,083 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Recorded investment, with no related allowance | 2,246 | 1,870 |
Unpaid principal balance, with no related allowance | 2,425 | 1,984 |
Recorded investment, with related allowance | 3,740 | |
Unpaid principal balance, with related allowance | 3,913 | |
Related allowance | 565 | 733 |
Recorded investment | 6,055 | 5,610 |
Unpaid principal balance | 6,355 | 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 Al_8
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Additional Information on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Average recorded investment | $ 11,693 | $ 13,273 | $ 13,429 | $ 13,077 |
Interest income recognized | 100 | 137 | 300 | 512 |
Commercial And Industrial [Member] | ||||
Average recorded investment | 2,984 | 2,633 | 4,620 | 1,962 |
Interest income recognized | 32 | 69 | 100 | 210 |
Real Estate Construction Porfolio Segment [Member] | ||||
Average recorded investment | 431 | 11 | 738 | |
Interest income recognized | 1 | |||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Average recorded investment | 2,574 | 2,988 | 2,672 | 3,149 |
Interest income recognized | 18 | 19 | 49 | 69 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||||
Average recorded investment | 6,132 | 7,216 | 6,123 | 7,223 |
Interest income recognized | 50 | 48 | 151 | 231 |
Consumer Portfolio Segment [Member] | ||||
Average recorded investment | 3 | 5 | 3 | 5 |
Interest income recognized | $ 1 | $ 1 |
Note 8 - Loans and Related Al_9
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Loans by Credit Quality (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans | $ 972,968 | $ 923,213 |
Commercial And Industrial [Member] | ||
Loans | 93,144 | 101,346 |
Real Estate Construction Porfolio Segment [Member] | ||
Loans | 48,901 | 47,017 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 329,609 | 318,157 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 483,675 | 437,947 |
Consumer Portfolio Segment [Member] | ||
Loans | 17,639 | 18,746 |
Pass [Member] | ||
Loans | 949,239 | 897,759 |
Pass [Member] | Commercial And Industrial [Member] | ||
Loans | 85,821 | 95,621 |
Pass [Member] | Real Estate Construction Porfolio Segment [Member] | ||
Loans | 47,551 | 46,995 |
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 325,378 | 312,176 |
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 472,861 | 424,225 |
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 17,628 | 18,742 |
Special Mention [Member] | ||
Loans | 11,897 | 11,829 |
Special Mention [Member] | Commercial And Industrial [Member] | ||
Loans | 4,178 | 1,942 |
Special Mention [Member] | Real Estate Construction Porfolio Segment [Member] | ||
Loans | 1,350 | |
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 560 | 723 |
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 5,809 | 9,164 |
Substandard [Member] | ||
Loans | 11,832 | 13,625 |
Substandard [Member] | Commercial And Industrial [Member] | ||
Loans | 3,145 | 3,783 |
Substandard [Member] | Real Estate Construction Porfolio Segment [Member] | ||
Loans | 22 | |
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 3,671 | 5,258 |
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 5,005 | 4,558 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 11 | $ 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 A_10
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Past Due Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, current balance | $ 966,525 | $ 915,131 |
Loans, past due | 6,443 | 8,082 |
Loans | 972,968 | 923,213 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans, past due | 3,487 | 5,501 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans, past due | 746 | 257 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 2,210 | 2,324 |
Commercial And Industrial [Member] | ||
Loans, current balance | 92,506 | 99,633 |
Loans, past due | 638 | 1,713 |
Loans | 93,144 | 101,346 |
Commercial And Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans, past due | 155 | 1,607 |
Commercial And Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans, past due | 29 | |
Commercial And Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 483 | 77 |
Real Estate Construction Porfolio Segment [Member] | ||
Loans, current balance | 48,901 | 47,017 |
Loans, past due | 0 | |
Loans | 48,901 | 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 | 325,886 | 314,866 |
Loans, past due | 3,723 | 3,291 |
Loans | 329,609 | 318,157 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans, current balance | 481,607 | 434,879 |
Loans, past due | 2,068 | 3,068 |
Loans | 483,675 | 437,947 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Loan [Member] | ||
Loans, past due | 2,317 | 1,977 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Loans [Member] | ||
Loans, past due | 1,004 | 1,907 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Loan [Member] | ||
Loans, past due | 625 | 227 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Loans [Member] | ||
Loans, past due | 118 | 1 |
Real Estate Mortgage Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Loan [Member] | ||
Loans, past due | 781 | 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 | 946 | 1,160 |
Consumer Portfolio Segment [Member] | ||
Loans, current balance | 17,625 | 18,736 |
Loans, past due | 14 | 10 |
Loans | 17,639 | 18,746 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans, past due | 11 | 10 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans, past due | 3 | 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 A_11
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, nonacrrual status | $ 7,288 | $ 8,433 |
Loans, 90+ days past due and accruing | 0 | |
Commercial And Industrial [Member] | ||
Loans, nonacrrual status | 1,368 | 1,120 |
Loans, 90+ days past due and accruing | 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 | 2,935 | 4,002 |
Loans, 90+ days past due and accruing | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans, nonacrrual status | 2,980 | 3,311 |
Loans, 90+ days past due and accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans, nonacrrual status | 5 | 0 |
Loans, 90+ days past due and accruing | $ 0 | $ 0 |
Note 8 - Loans and Related A_12
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Number of contracts | 1 | 1 | 4 | 3 |
Pre-modification outstanding recorded investment | $ 86 | $ 29 | $ 261 | $ 39 |
Post-modification outstanding recorded investment | $ 86 | $ 29 | $ 261 | $ 39 |
Commercial And Industrial [Member] | ||||
Number of contracts | 2 | |||
Pre-modification outstanding recorded investment | $ 954 | |||
Post-modification outstanding recorded investment | $ 955 | |||
Extended Maturity [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Number of contracts | 1 | 1 | 2 | 3 |
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 | 2 | |||
Other Restructurings [Member] | Commercial And Industrial [Member] | ||||
Number of contracts | 1 |
Note 8 - Loans and Related A_13
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Troubled Debt Restructurings Subsequently Defaulted (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018USD ($) | Sep. 30, 2017 | |
Number of contracts, subsequently defaulted | 0 | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Number of contracts, subsequently defaulted | 1 | |||
Recorded investment, subsequently defaulted | $ 20 |