Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 02, 2017 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | EVANS BANCORP INC | |
Entity Filer Category | Accelerated Filer | |
Entity Central Index Key | 842,518 | |
Amendment Flag | false | |
Document Type | 10-Q | |
Document Fiscal Period Focus | Q1 | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 4,766,949 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 10,795 | $ 12,503 |
Interest-bearing deposits at banks | 19,440 | 581 |
Securities: | ||
Available for sale, at fair value (amortized cost: $115,188 at March 31, 2017; $95,810 at December 31, 2016) | 114,896 | 95,222 |
Held to maturity, at amortized cost (fair value: $1,387 at March 31, 2017; $1,959 at December 31, 2016) | 1,408 | 1,983 |
Federal Home Loan Bank common stock, at cost | 1,366 | 2,185 |
Federal Reserve Bank common stock, at cost | 1,546 | 1,546 |
Loans, net of allowance for loan losses of $13,579 at March 31, 2017 and $13,916 at December 31, 2016 | 932,004 | 928,596 |
Properties and equipment, net of accumulated depreciation of $17,328 at March 31, 2017 and $17,012 at December 31, 2016 | 11,065 | 11,310 |
Goodwill and intangible assets | 8,638 | 8,406 |
Bank-owned life insurance | 21,664 | 21,534 |
Other assets | 16,838 | 16,843 |
TOTAL ASSETS | 1,139,660 | 1,100,709 |
Deposits: | ||
Demand | 194,747 | 201,741 |
NOW | 103,907 | 88,632 |
Savings | 531,408 | 508,652 |
Time | 147,915 | 140,949 |
Total deposits | 977,977 | 939,974 |
Securities sold under agreement to repurchase | 11,679 | 10,159 |
Other borrowings | 10,000 | 28,200 |
Other liabilities | 16,047 | 14,298 |
Junior subordinated debentures | 11,330 | 11,330 |
Total liabilities | 1,027,033 | 1,003,961 |
CONTINGENT LIABILITIES AND COMMITMENTS | ||
STOCKHOLDERS' EQUITY: | ||
Common stock, $.50 par value, 10,000,000 shares authorized; 4,763,696 and 4,302,504 shares issued at March 31, 2017 and December 31, 2016, respectively, and 4,763,696 and 4,300,634 outstanding at March 31, 2017 and December 31, 2016, respectively | 2,384 | 2,153 |
Capital surplus | 58,543 | 44,389 |
Treasury stock, at cost, 0 and 1,870 shares at March 31, 2017 and December 31, 2016, respectively | ||
Retained earnings | 53,874 | 52,630 |
Accumulated other comprehensive loss, net of tax | (2,174) | (2,424) |
Total stockholders' equity | 112,627 | 96,748 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 1,139,660 | $ 1,100,709 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities: | ||
Available for sale, amortized cost | $ 115,188 | $ 95,810 |
Held to maturity, fair value | 1,387 | 1,959 |
Loans, allowance for loan losses | 13,579 | 13,916 |
Properties and equipment, accumulated depreciation | $ 17,328 | $ 17,012 |
STOCKHOLDERS' EQUITY: | ||
Common stock, par value | $ 0.50 | $ 0.50 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 4,763,696 | 4,302,504 |
Common stock, shares outstanding | 4,763,696 | 4,300,634 |
Treasury stock, shares | 0 | 1,870 |
Consolidated Statements Of Inco
Consolidated Statements Of Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
INTEREST INCOME | ||
Loans | $ 10,246 | $ 8,730 |
Interest bearing deposits at banks | 12 | 11 |
Securities: | ||
Taxable | 436 | 377 |
Non-taxable | 224 | 238 |
Total interest income | 10,918 | 9,356 |
INTEREST EXPENSE | ||
Deposits | 1,116 | 959 |
Other borrowings | 58 | 50 |
Junior subordinated debentures | 100 | 87 |
Total interest expense | 1,274 | 1,096 |
NET INTEREST INCOME | 9,644 | 8,260 |
(CREDIT) PROVISION FOR LOAN LOSSES | (435) | 208 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 10,079 | 8,052 |
NON-INTEREST INCOME | ||
Deposit service charges | 390 | 443 |
Insurance service and fees | 2,168 | 1,748 |
Gain on loans sold | 18 | 15 |
Bank-owned life insurance | 130 | 136 |
Interchange fee income | 344 | 318 |
Other | 472 | 334 |
Total non-interest income | 3,522 | 2,994 |
NON-INTEREST EXPENSE | ||
Salaries and employee benefits | 5,716 | 5,514 |
Occupancy | 775 | 699 |
Advertising and public relations | 190 | 285 |
Professional services | 602 | 580 |
Technology and communications | 607 | 598 |
Amortization of intangibles | 28 | |
FDIC insurance | 227 | 159 |
Other | 910 | 693 |
Total non-interest expense | 9,055 | 8,528 |
INCOME BEFORE INCOME TAXES | 4,546 | 2,518 |
INCOME TAX PROVISION | 1,400 | 804 |
NET INCOME | $ 3,146 | $ 1,714 |
Net income per common share-basic | $ 0.68 | $ 0.40 |
Net income per common share-diluted | 0.66 | 0.40 |
Cash dividends per common share | $ 0.40 | $ 0.38 |
Weighted average number of common shares outstanding | 4,634,096 | 4,263,109 |
Weighted average number of diluted shares outstanding | 4,757,062 | 4,328,034 |
Statements Of Consolidated Comp
Statements Of Consolidated Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Statements Of Consolidated Comprehensive Income [Abstract] | |||
NET INCOME | $ 3,146 | $ 1,714 | |
OTHER COMPREHENSIVE INCOME, NET OF TAX: | |||
Unrealized gain on available-for-sale securities | 187 | 649 | |
Defined benefit pension plans: | |||
Amortization of prior service cost | [1] | 10 | 5 |
Amortization of actuarial loss | [1] | 53 | 35 |
Net change, Net-of-Tax Amount | 63 | 40 | |
OTHER COMPREHENSIVE INCOME, NET OF TAX | 250 | 689 | |
COMPREHENSIVE INCOME | $ 3,396 | $ 2,403 | |
[1] | Included in net periodic pension cost, as described in Note 9 - "Net Periodic Benefit Costs" |
Consolidated Statements Of Chan
Consolidated Statements Of Changes In Stockholders’ Equity - USD ($) $ in Thousands | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] | Total |
Balance at Dec. 31, 2015 | $ 2,132 | $ 43,318 | $ 47,616 | $ (1,810) | $ 91,256 | |
Net Income | 1,714 | 1,714 | ||||
Other comprehensive income | 689 | 689 | ||||
Cash dividends | (1,626) | (1,626) | ||||
Stock compensation expense | 118 | 118 | ||||
Excess tax benefit from stock-based compensation | 9 | 9 | ||||
Issued restricted shares | 10 | (10) | ||||
Reissued restricted shares, net of forfeitures | ||||||
Balance at Mar. 31, 2016 | 2,142 | 43,435 | 47,704 | (1,121) | 92,160 | |
Balance at Dec. 31, 2016 | 2,153 | 44,389 | 52,630 | (2,424) | 96,748 | |
Net Income | 3,146 | 3,146 | ||||
Other comprehensive income | 250 | 250 | ||||
Cash dividends | (1,902) | (1,902) | ||||
Stock compensation expense | 136 | 136 | ||||
Issued shares in stock offering | 220 | 13,922 | 14,142 | |||
Issued restricted shares | 8 | (8) | ||||
Issued shares in stock option exercises | 3 | 104 | 107 | |||
Reissued shares in stock option exercises | ||||||
Balance at Mar. 31, 2017 | $ 2,384 | $ 58,543 | $ 53,874 | $ (2,174) | $ 112,627 |
Consolidated Statements Of Cha7
Consolidated Statements Of Changes In Stockholders’ Equity (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Consolidated Statements Of Changes In Stockholders’ Equity [Abstract] | ||
Cash dividends per common share | $ 0.40 | $ 0.38 |
Issued shares in stock offering | 440,000 | |
Issued restricted shares | 15,763 | 19,093 |
Issued shares in stock option exercises | 5,429 | |
Reissued shares in stock option exercises | 1,870 | |
Reissued restricted shares, net of forfeitures | 2,938 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
OPERATING ACTIVITIES: | ||
Interest received | $ 10,801 | $ 9,090 |
Fees received | 3,210 | 2,839 |
Interest paid | (1,263) | (1,068) |
Cash paid to employees and vendors | (10,116) | (8,353) |
Income taxes paid | (5) | (9) |
Proceeds from sale of loans held for resale | 2,788 | 880 |
Originations of loans held for resale | (3,354) | (335) |
Net cash provided by operating activities | 2,061 | 3,044 |
INVESTING ACTIVITIES: | ||
Purchases of available for sale securities | (22,300) | (20,471) |
Proceeds from maturities, calls, and payments of available for sale securities | 3,656 | 3,883 |
Purchases of held to maturity securities | (35) | |
Proceeds from maturities, calls, and payments of held to maturity securities | 610 | 11 |
Additions to properties and equipment | (56) | (300) |
Purchase of tax credit investment | (359) | |
Insurance agency acquisitions | (275) | |
Net increase in loans | (2,082) | (23,176) |
Net cash used in investing activities | (20,482) | (40,412) |
FINANCING ACTIVITIES: | ||
Proceeds from (repayments of) short-term borrowings, net | (16,680) | 2,072 |
Net increase in deposits | 38,003 | 46,067 |
Issuance of common stock | 14,249 | |
Net cash provided by financing activities | 35,572 | 48,139 |
Net increase in cash and cash equivalents | 17,151 | 10,771 |
CASH AND CASH EQUIVALENTS: | ||
Beginning of period | 13,084 | 22,621 |
End of period | 30,235 | 33,392 |
RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES: | ||
Net income | 3,146 | 1,714 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 432 | 359 |
Deferred tax expense | 367 | 36 |
(Credit) Provision for loan losses | (435) | 208 |
Gain on loans sold | (18) | (15) |
Stock options and restricted stock expense | 136 | 118 |
Proceeds from sale of loans held for resale | 2,788 | 880 |
Originations of loans held for resale | (3,354) | (335) |
Changes in assets and liabilities affecting cash flow: | ||
Other assets | (901) | 561 |
Other liabilities | (100) | (482) |
NET CASH PROVIDED BY OPERATING ACTIVITIES | $ 2,061 | $ 3,044 |
Organization And Summary Of Sig
Organization And Summary Of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2017 | |
Organization And Summary Of Significant Accounting Policies [Abstract] | |
Organization And Summary Of Significant Accounting Policies | 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting and reporting policies followed by Evans Bancorp, Inc. (the “Company”), a financial holding company, and its two direct, wholly-owned subsidiaries: (i) Evans Bank, National Association (the “Bank”), and the Bank’s subsidiaries, Evans National Leasing, Inc. (“ENL”), Evans National Holding Corp. (“ENHC”) and Suchak Data Systems, LLC (“SDS”); and (ii) Evans National Financial Services, LLC (“ENFS”), and ENFS’s subsidiary, The Evans Agency, LLC (“TEA”), and TEA’s subsidiaries, Frontier Claims Services, Inc. (“FCS”) and ENB Associates Inc. (“ENBA”), in the preparation of the accompanying interim unaudited consolidated financial statements conform with U.S. generally accepted accounting principles (“GAAP”) and with general practice within the industries in which it operates. Except as the context otherwise requires, the Company and its direct and indirect subsidiaries are collectively referred to in this report as the “Company.” The results of operations for the three month period ended March 31, 2017 are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the Audited Consolidated Financial Statements and the Notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2016 (“10-K”). The Company’s significant accounting policies are disclosed in Note 1 to the 10-K. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2017 | |
Securities [Abstract] | |
Securities | 2. SECURITIES The amortized cost of securities and their approximate fair value at March 31, 2017 and December 31, 2016 were as follows: March 31, 2017 (in thousands) Amortized Unrealized Fair Cost Gains Losses Value Available for Sale: Debt securities: U.S. government agencies $ 16,795 $ 73 $ (81) $ 16,787 States and political subdivisions 34,472 434 (62) 34,844 Total debt securities $ 51,267 $ 507 $ (143) $ 51,631 Mortgage-backed securities: FNMA $ 22,140 $ 96 $ (229) $ 22,007 FHLMC 9,452 31 (78) 9,405 GNMA 2,463 29 (21) 2,471 SBA 7,975 19 (55) 7,939 CMO 21,891 52 (500) 21,443 Total mortgage-backed securities $ 63,921 $ 227 $ (883) $ 63,265 Total securities designated as available for sale $ 115,188 $ 734 $ (1,026) $ 114,896 Held to Maturity: Debt securities States and political subdivisions $ 1,408 $ 4 $ (25) $ 1,387 Total securities designated as held to maturity $ 1,408 $ 4 $ (25) $ 1,387 December 31, 2016 (in thousands) Amortized Unrealized Fair Cost Gains Losses Value Available for Sale: Debt securities: U.S. government agencies $ 12,958 $ 67 $ (153) $ 12,872 States and political subdivisions 34,952 356 (166) 35,142 Total debt securities $ 47,910 $ 423 $ (319) $ 48,014 Mortgage-backed securities: FNMA $ 14,694 $ 96 $ (230) $ 14,560 FHLMC 3,544 32 (51) 3,525 GNMA 2,535 19 (21) 2,533 CMO 27,127 67 (604) 26,590 Total mortgage-backed securities $ 47,900 $ 214 $ (906) $ 47,208 Total securities designated as available for sale $ 95,810 $ 637 $ (1,225) $ 95,222 Held to Maturity: Debt securities States and political subdivisions $ 1,983 $ 5 $ (29) $ 1,959 Total securities designated as held to maturity $ 1,983 $ 5 $ (29) $ 1,959 Available for sale securities with a total fair value of $108 million and $87 million at March 31, 2017 and December 31, 2016, respectively, were pledged as collateral to secure public deposits and for other purposes required or permitted by law. The scheduled maturities of debt and mortgage-backed securities at March 31, 2017 and December 31, 2016 are summarized below. All maturity amounts are contractual maturities. Actual maturities may differ from contractual maturities because certain issuers have the right to call or prepay obligations with or without call premiums. March 31, 2017 December 31, 2016 Amortized Estimated Amortized Estimated cost fair value cost fair value (in thousands) (in thousands) Debt securities available for sale: Due in one year or less $ 2,875 $ 2,885 $ 2,869 $ 2,876 Due after one year through five years 30,201 30,405 30,171 30,214 Due after five years through ten years 15,487 15,555 12,166 12,133 Due after ten years 2,704 2,786 2,704 2,791 51,267 51,631 47,910 48,014 Mortgage-backed securities available for sale 63,921 63,265 47,900 47,208 Total available for sale securities $ 115,188 $ 114,896 $ 95,810 $ 95,222 Debt securities held to maturity: Due in one year or less $ 174 $ 173 $ 780 $ 778 Due after one year through five years 285 279 289 283 Due after five years through ten years 849 842 814 805 Due after ten years 100 93 100 93 1,408 1,387 1,983 1,959 Total held to maturity securities $ 1,408 $ 1,387 $ 1,983 $ 1,959 Contractual maturities of the Company’s mortgage-backed securities generally exceed ten years; however, the effective lives may be significantly shorter due to prepayments of the underlying loans and due to the nature of these securities. The duration of the investment securities portfolio increased from 3.4 years at December 31, 2016 to 3.7 years at March 31, 2017. Information regarding unrealized losses within the Company’s available for sale securities at March 31, 2017 and December 31, 2016 is summarized below. The securities are primarily U.S. government-guaranteed agency securities or municipal securities. All unrealized losses are considered temporary and are related to market interest rate fluctuations. March 31, 2017 Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (in thousands) Available for Sale: Debt securities: U.S. government agencies $ 6,919 $ (81) $ - $ - $ 6,919 $ (81) States and political subdivisions 9,370 (46) 733 (16) 10,103 (62) Total debt securities $ 16,289 $ (127) $ 733 $ (16) $ 17,022 $ (143) Mortgage-backed securities: FNMA $ 15,301 $ (229) $ - $ - $ 15,301 $ (229) FHLMC 7,730 (37) 925 (41) 8,655 (78) GNMA 1,036 (19) 308 (2) 1,344 (21) SBA 5,906 (55) - - 5,906 (55) CMO 14,275 (353) 3,662 (147) 17,937 (500) Total mortgage-backed securities $ 44,248 $ (693) $ 4,895 $ (190) $ 49,143 $ (883) Held to Maturity: Debt securities: States and political subdivisions $ 611 $ (13) $ 362 $ (12) $ 973 $ (25) Total temporarily impaired securities $ 61,148 $ (833) $ 5,990 $ (218) $ 67,138 $ (1,051) December 31, 2016 Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (in thousands) Available for Sale: Debt securities: U.S. government agencies $ 6,847 $ (153) $ - $ - $ 6,847 $ (153) States and political subdivisions 16,895 (146) 731 (20) 17,626 (166) Total debt securities $ 23,742 $ (299) $ 731 $ (20) $ 24,473 $ (319) Mortgage-backed securities: FNMA $ 9,577 $ (230) $ - $ - $ 9,577 $ (230) FHLMC 1,728 (8) 988 (43) 2,716 (51) GNMA 1,046 (17) 309 (4) 1,355 (21) CMO 19,745 (569) 1,166 (35) 20,911 (604) Total mortgage-backed securities $ 32,096 $ (824) $ 2,463 $ (82) $ 34,559 $ (906) Held to Maturity: Debt securities: States and political subdivisions $ 863 $ (3) $ 706 $ (26) $ 1,569 $ (29) Total temporarily impaired securities $ 56,701 $ (1,126) $ 3,900 $ (128) $ 60,601 $ (1,254) Management has assessed the securities available for sale in an unrealized loss position at March 31, 2017 and December 31, 2016 and determined the decline in fair value below amortized cost to be temporary. In making this determination, management considered the period of time the securities were in a loss position, the percentage decline in comparison to the securities’ amortized cost, and the financial condition of the issuer (primarily government or government-sponsored enterprises). In addition, management does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost. Management believes the decline in fair value is primarily related to market interest rate fluctuations and not to the credit deterioration of the individual issuers. The Company has not recorded any other-than-temporary impairment (“OTTI”) charges as of March 31, 2017 and did not record any OTTI charges during 2016. The credit worthiness of the Company’s portfolio is largely reliant on the ability of U.S. government sponsored agencies such as FHLB, Federal National Mortgage Association (“FNMA”), Government National Mortgage Association (“GNMA”), and Federal Home Loan Mortgage Corporation (“FHLMC”), and municipalities throughout New York State to meet their obligations. In addition, dysfunctional markets could materially alter the liquidity, interest rate, and pricing risk of the portfolio. The stable past performance is not a guarantee for similar performance of the Company’s securities portfolio in future periods. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Measurements [Abstract] | |
Fair Value Measurements | 3. FAIR VALUE MEASUREMENTS Fair value is defined in ASC Topic 820 “Fair Value Measurements and Disclosures” as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. There are three levels of inputs to fair value measurements: Level 1 inputs are quoted prices for identical instruments in active markets; Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3 inputs are unobservable inputs. Observable market data should be used when available. FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS The following table presents, for each of the fair-value hierarchy levels as defined in this footnote, those financial instruments which are measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016, respectively: (in thousands) Level 1 Level 2 Level 3 Fair Value March 31, 2017 Securities available-for-sale: U.S. government agencies $ - $ 16,787 $ - $ 16,787 States and political subdivisions - 34,844 - 34,844 Mortgage-backed securities - 63,265 - 63,265 Mortgage servicing rights - - 564 564 December 31, 2016 Securities available-for-sale: U.S. government agencies $ - $ 12,872 $ - $ 12,872 States and political subdivisions - 35,142 - 35,142 Mortgage-backed securities - 47,208 - 47,208 Mortgage servicing rights - - 527 527 Securities available for sale Fair values for securities are determined using independent pricing services and market-participating brokers. The Company’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. In addition, model processes, such as the Option Adjusted Spread model, are used to assess interest rate impact and develop prepayment scenarios. The models and the process take into account market convention. For each asset class, a team of evaluators gathers information from market sources and integrates relevant credit information, perceived market movements and sector news into the evaluated pricing applications and models. The company’s service provider may occasionally determine that it does not have sufficient verifiable information to value a particular security. In these cases the Company will utilize valuations from another pricing service. Management believes that it has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control. On a quarterly basis, the Company reviews changes in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. Additionally, on an annual basis, the Company has its entire security portfolio priced by a second pricing service to determine consistency with another market evaluator. If, during the Company’s review or when comparing with another servicer, a material difference between pricing evaluations were to exist, the Company would submit an inquiry to the service provider regarding the data used to value a particular security. If the Company determines it has market information that would support a different valuation than the initial evaluation it can submit a challenge for a change to that security’s valuation. Securities available for sale are classified as Level 2 in the fair value hierarchy as the valuation provided by the third-party provider uses observable market data. Mortgage servicing rights Mortgage servicing rights (“MSRs”) do not trade in an active, open market with readily observable prices. Accordingly, the Company obtains the fair value of the MSRs using a third-party pricing provider. The provider determines the fair value by discounting projected net servicing cash flows of the remaining servicing portfolio. The valuation model used by the provider considers market loan prepayment predictions and other economic factors which management considers to be significant unobservable inputs. The fair value of MSRs is mostly affected by changes in mortgage interest rates since rate changes cause the loan prepayment acceleration factors to increase or decrease. Management has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of MSRs to enable management to maintain an appropriate system of internal control. Mortgage servicing rights are classified within Level 3 of the fair value hierarchy as the valuation is model driven and primarily based on unobservable inputs. The following table summarizes the changes in fair value for mortgage servicing rights during the three month periods ended March 31, 2017 and 2016, respectively: Three months ended March 31, (in thousands) 2017 2016 Mortgage servicing rights - January 1 $ 527 $ 557 Gains (losses) included in earnings 11 (69) Additions from loan sales 26 8 Mortgage servicing rights - March 31 $ 564 $ 496 Quantitative information about the significant unobservable inputs used in the fair value measurement of MSRs at the respective dates is as follows: March 31, 2017 December 31, 2016 Servicing fees 0.25 % 0.25 % Discount rate 9.52 % 9.52 % Prepayment rate (CPR) 8.15 % 8.12 % FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE ON A NONRECURRING BASIS The Company is required, on a nonrecurring basis, to adjust the carrying value of certain assets or provide valuation allowances related to certain assets using fair value measurements. The following table presents for each of the fair-value hierarchy levels as defined in this footnote, those financial instruments which are measured at fair value on a nonrecurring basis at March 31, 2017 and December 31, 2016: (in thousands) Level 1 Level 2 Level 3 Fair Value March 31, 2017 Collateral dependent impaired loans $ - $ - $ 17,535 $ 17,535 December 31, 2016 Collateral dependent impaired loans $ - $ - $ 13,114 $ 13,114 Collateral dependent impaired loans The Company evaluates and values impaired loans at the time the loan is identified as impaired, and the fair values of such loans are estimated using Level 3 inputs in the fair value hierarchy. Each loan’s collateral has a unique appraisal and management’s discount of the value is based on factors unique to each impaired loan. The significant unobservable input in determining the fair value is management’s subjective discount on appraisals of the collateral securing the loan, which ranges from 10% - 50% . Collateral may consist of real estate and/or business assets including equipment, inventory and/or accounts receivable and the value of these assets is determined based on appraisals by qualified licensed appraisers hired by the Company. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, estimated costs to sell, and/or management’s expertise and knowledge of the client and the client’s business. The Company has an appraisal policy in which appraisals are obtained upon a commercial loan being downgraded on the Company internal loan rating scale to a 5 (special mention) or a 6 (substandard) depending on the amount of the loan, the type of loan and the type of collateral. All impaired commercial loans are either graded a 6 or 7 on the internal loan rating scale. For consumer loans, the Company obtains appraisals when a loan becomes 90 days past due or is determined to be impaired, whichever occurs first. Subsequent to the downgrade or reaching 90 days past due, if the loan remains outstanding and impaired for at least one year more, management may require another follow-up appraisal. Between receipts of updated appraisals, if necessary, management may perform an internal valuation based on any known changing conditions in the marketplace such as sales of similar properties, a change in the condition of the collateral, or feedback from local appraisers. Impaired loans had a gross value of $ 19.5 million, with an allowance for loan loss of $2 .0 million, at March 31, 2017 compared with $15 .1 million and $2 .0 million, respectively, at December 31, 2016. FAIR VALUE OF FINANCIAL INSTRUMENTS At each of March 31, 2017 and December 31, 2016, the estimated fair values of the Company’s financial instruments, including those that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows: March 31, 2017 December 31, 2016 Carrying Fair Carrying Fair Amount Value Amount Value (in thousands) (in thousands) Financial assets: Level 1: Cash and cash equivalents $ 30,235 $ 30,235 $ 13,084 $ 13,084 Level 2: Available for sale securities 114,896 114,896 95,222 95,222 FHLB and FRB stock 2,912 2,912 3,731 3,731 Level 3: Held to maturity securities 1,408 1,387 1,983 1,959 Loans, net 932,004 913,707 928,596 945,998 Mortgage servicing rights 564 564 527 527 Financial liabilities: Level 1: Demand deposits $ 194,747 $ 194,747 $ 201,741 $ 201,741 NOW deposits 103,907 103,907 88,632 88,632 Savings deposits 531,408 531,408 508,652 508,652 Level 2: Securities sold under agreement to repurchase 11,679 11,679 10,159 10,159 Other borrowed funds 10,000 9,937 28,200 28,152 Junior subordinated debentures 11,330 11,330 11,330 11,330 Level 3: Time deposits 147,915 148,921 140,949 141,758 The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practical to estimate that value. Cash and Cash Equivalents . For these short-term instruments, the carrying amount is a reasonable estimate of fair value. “Cash and Cash Equivalents” includes interest-bearing deposits at other banks. FHLB and FRB stock. The carrying value of Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”) stock, which are non-marketable equity investments, approximate fair value. As a member of the FHLB System, the Bank is required to hold stock in FHLBNY. The Company regularly evaluates investments in FHLBNY for impairment, considering liquidity, operating performance, capital position, stock repurchase and dividend history. As of March 31, 2017, the Bank’s investment in FHLBNY stock was not impaired. The Bank, as a member of the FRB system, is currently required to purchase and hold shares of capital stock in the FRB in an amount equal to 6% of its capital and surplus. Based on the current capital adequacy and liquidity position of the FRB, management believes there is no impairment in the Company’s investment at March 31, 2017. Securities Held to Maturity. The Company holds certain municipal bonds as held-to-maturity. These bonds are generally small in dollar amount and are issued only by certain local municipalities within the Company’s market area. The original terms are negotiated directly and on an individual basis consistent with our loan and credit guidelines. These bonds are not traded on the open market and management intends to hold the bonds to maturity. The fair value of held-to-maturity securities is estimated by discounting the future cash flows using the current rates at which similar agreements would be made with municipalities with similar credit ratings and for the same remaining maturities. Loans Receivable . The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, net of the appropriate portion of the allowance for loan losses. For variable rate loans, the carrying amount is a reasonable estimate of fair value. This fair value calculation is not necessarily indicative of the exit price, as defined in ASC 820. Deposits . The fair value of demand deposits, negotiable order of withdrawal (“ NOW ”) accounts, muni-vest accounts and regular savings accounts is the amount payable on demand at the reporting date. The fair value of time deposits is estimated using the rates currently offered for deposits of similar remaining maturities. Junior Subordinated Debentures . There is no active market for the Company’s debentures and there have been no issuances of similar instruments in recent years. The Company looked at a market bond index to estimate a discount margin to value the debentures. The discount margin was very similar to the spread to LIBOR established at the issuance of the debentures. As a result, the Company determined that the fair value of the adjustable-rate debentures approximates their face amount. Securities Sold Under Agreement to Repurchase. The fair value of the securities sold under agreement to repurchase approximates its carrying value as the repurchase agreements are one day agreements. Other Borrowed Funds. The fair value of the short-term portion of other borrowed funds approximates its carrying value. The fair value of the long-term portion of other borrowed funds is estimated using a discounted cash flow analysis based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. |
Loans And The Allowance For Loa
Loans And The Allowance For Loan Losses | 3 Months Ended |
Mar. 31, 2017 | |
Loans And The Allowance For Loan Losses [Abstract] | |
Loans And The Allowance For Loan Losses | 4. LOANS AND THE ALLOWANCE FOR LOAN LOSSES Loan Portfolio Composition The following table presents selected information on the composition of the Company’s loan portfolio as of the dates indicated: March 31, 2017 December 31, 2016 Mortgage loans on real estate: (in thousands) Residential mortgages $ 122,818 $ 118,542 Commercial and multi-family 464,288 462,385 Construction-Residential 2,155 2,540 Construction-Commercial 95,757 93,240 Home equities 66,229 66,234 Total real estate loans 751,247 742,941 Commercial and industrial loans 192,041 197,371 Consumer and other loans 1,344 1,417 Net deferred loan origination costs 951 783 Total gross loans 945,583 942,512 Allowance for loan losses (13,579) (13,916) Loans, net $ 932,004 $ 928,596 The Bank sells certain fixed rate residential mortgages to FNMA while maintaining the servicing rights for those mortgages. In the three month period ended March 31, 2017, the Bank sold mortgages to FNMA totaling $ 2.8 million , compared with $0.9 m illion in the three month period ended March 31, 2016. At each of March 31, 2017 and December 31, 2016, the Bank had a loan servicing portfolio principal balance of $76 million upon which it earned servicing fees. The value of the mortgage servicing rights for that portfolio was $0.6 million at March 31, 2017 and $0.5 million at December 31, 2016. At March 31, 2017 there were $0.9 million in residential mortgages held for sale compared with $0.3 million at December 31, 2016. The Company has never been contacted by FNMA to repurchase any loans due to improper documentation or fraud. The Company had $9 million in commercial and industrial loans held for sale as of March 31, 2017. This represents a single loan relationship in which the Bank was a participant in a larger syndicated loan. There was no significant credit deterioration in the loan as the Bank received a bid for the loan at par and as a result the loan’s fair value was equal to its amortized cost. The Bank does not typically sell its commercial loans or hold them for resale. However, management determined that from a risk management and capital management perspective, selling this particular loan was in the Bank’s best interest. The loan is expected to be sold in the second quarter of 2017. There were no commercial loans held for sale as of December 31, 2016. As noted in Note 1, these financial statements should be read in conjunction with the Audited Consolidated Financial Statements and the Notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2016. Disclosures related to the basis for accounting for loans, the method for recognizing interest income on loans, the policy for placing loans on nonaccrual status and the subsequent recording of payments and resuming accrual of interest, the policy for determining past due status, a description of the Company’s accounting policies and methodology used to estimate the allowance for loan losses, the policy for charging-off loans, the accounting policies for impaired loans, and more descriptive information on the Company’s credit risk ratings are all contained in the Notes to the Audited Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Unless otherwise noted in this Form 10-Q, the policies and methodology described in the Annual Report for the year ended December 31, 2016 are consistent with those utilized by the Company in the three month period ended March 31, 2017. Credit Quality Indicators The Bank monitors the credit risk in its loan portfolio by reviewing certain credit quality indicators (“CQI”). The primary CQI for its commercial mortgage and commercial and industrial (“C&I”) portfolios is the individual loan’s credit risk rating. The following list provides a description of the credit risk ratings that are used internally by the Bank when assessing the adequacy of its allowance for loan losses: · 1-3-Pass · 4-Watch · 5-O.A.E.M. (Other Assets Especially Mentioned) or Special Mention · 6-Substandard · 7-Doubtful · 8-Loss The Company’s consumer loans, including residential mortgages and home equities, are not individually risk rated or reviewed in the Company’s loan review process. Unlike commercial customers, consumer loan customers are not required to provide the Company with updated financial information. Consumer loans also carry smaller balances. Given the lack of updated information after the initial underwriting of the loan and small size of individual loans, the Company uses delinquency status as the primary credit quality indicator for consumer loans. However, once a consumer loan is identified as impaired, it is individually evaluated for impairment. The following tables provide data, at the class level, of credit quality indicators of certain loans for the dates specified: March 31, 2017 (in thousands) Corporate Credit Exposure – By Credit Rating Commercial Real Estate Construction Commercial and Multi-Family Mortgages Total Commercial Real Estate Commercial and Industrial 1-3 $ 80,643 $ 375,456 $ 456,099 $ 123,648 4 10,936 71,958 82,894 55,746 5 - 6,641 6,641 9,264 6 4,178 10,233 14,411 2,570 7 - - - 813 Total $ 95,757 $ 464,288 $ 560,045 $ 192,041 December 31, 2016 (in thousands) Corporate Credit Exposure – By Credit Rating Commercial Real Estate Construction Commercial and Multi-Family Mortgages Total Commercial Real Estate Commercial and Industrial 1-3 $ 82,520 $ 372,235 $ 454,755 $ 121,414 4 6,541 73,655 80,196 59,117 5 - 12,506 12,506 12,623 6 4,179 3,989 8,168 3,404 7 - - - 813 Total $ 93,240 $ 462,385 $ 555,625 $ 197,371 Past Due Loans The following tables provide an analysis of the age of the recorded investment in loans that are past due as of the dates indicated: March 31, 2017 (in thousands) Total Past Current Total 90+ Days Non-accruing 30-59 days 60-89 days 90+ days Due Balance Balance Accruing Loans Commercial and industrial $ 2,751 $ 138 $ 931 $ 3,820 $ 188,221 $ 192,041 $ 72 $ 2,771 Residential real estate: Residential 1,225 70 659 1,954 120,864 122,818 - 846 Construction - - - - 2,155 2,155 - - Commercial real estate: Commercial 15,249 213 2,097 17,559 446,729 464,288 - 3,174 Construction 4,127 - 4,179 8,306 87,451 95,757 - 4,179 Home equities 128 207 593 928 65,301 66,229 - 1,232 Consumer and other 50 7 - 57 1,287 1,344 - 11 Total Loans $ 23,530 $ 635 $ 8,459 $ 32,624 $ 912,008 $ 944,632 $ 72 $ 12,213 Note: Loan balances do not include $ 951 thousand in net deferred loan origination costs as of March 31, 2017. December 31, 2016 (in thousands) Total Past Current Total 90+ Days Non-accruing 30-59 days 60-89 days 90+ days Due Balance Balance Accruing Loans Commercial and industrial $ 6,772 $ 2,966 $ 1,150 $ 10,888 $ 186,483 $ 197,371 $ - $ 3,106 Residential real estate: Residential 868 123 567 1,558 116,984 118,542 - 862 Construction - - - - 2,540 2,540 - - Commercial real estate: Commercial 6,319 1,522 2,357 10,198 452,187 462,385 483 1,874 Construction 257 - 4,417 4,674 88,566 93,240 239 4,178 Home equities 481 119 679 1,279 64,955 66,234 - 1,261 Consumer and other 15 10 5 30 1,387 1,417 - 17 Total Loans $ 14,712 $ 4,740 $ 9,175 $ 28,627 $ 913,102 $ 941,729 $ 722 $ 11,298 Note: Loan balances do not include $783 thousand in net deferred loan origination costs as of December 31, 2016. Allowance for loan losses The following tables present the activity in the allowance for loan losses according to portfolio segment for the three month periods ended March 31, 2017 and 2016: March 31, 2017 (in thousands) Commercial and Industrial Commercial Real Estate Mortgages* Consumer and Other Residential Mortgages* Home Equities Total Allowance for loan losses: Beginning balance $ 4,813 $ 7,890 $ 96 $ 769 $ 348 $ 13,916 Charge-offs (33) - (28) - - (61) Recoveries 147 - 12 - - 159 Provision (Credit) (964) 308 55 150 16 (435) Ending balance $ 3,963 $ 8,198 $ 135 $ 919 $ 364 $ 13,579 Allowance for loan losses: Ending balance: Individually evaluated for impairment $ 253 $ 1,716 $ 36 $ 1 $ 9 $ 2,015 Collectively evaluated for impairment 3,710 6,482 99 918 355 11,564 Total $ 3,963 $ 8,198 $ 135 $ 919 $ 364 $ 13,579 Loans: Ending balance: Individually evaluated for impairment $ 2,786 $ 12,473 $ 36 $ 2,561 $ 1,694 $ 19,550 Collectively evaluated for impairment 189,255 547,572 1,308 122,412 64,535 925,082 Total $ 192,041 $ 560,045 $ 1,344 $ 124,973 $ 66,229 $ 944,632 * Includes construction loans Note: Loan balances do not include $ 951 thousand in net deferred loan origination costs as of March 31, 2017. March 31, 2016 (in thousands) Commercial and Industrial Commercial Real Estate Mortgages* Consumer and Other Residential Mortgages* Home Equities Total Allowance for loan losses: Beginning balance $ 4,383 $ 7,135 $ 85 $ 909 $ 371 $ 12,883 Charge-offs (13) - (7) - - (20) Recoveries 7 38 3 - - 48 Provision (Credit) 203 269 12 (213) (63) 208 Ending balance $ 4,580 $ 7,442 $ 93 $ 696 $ 308 $ 13,119 Allowance for loan losses: Ending balance: Individually evaluated for impairment $ 516 $ 1,134 $ 41 $ 2 $ - $ 1,693 Collectively evaluated for impairment 4,064 6,308 52 694 308 11,426 Total $ 4,580 $ 7,442 $ 93 $ 696 $ 308 $ 13,119 Loans: Ending balance: Individually evaluated for impairment $ 5,382 $ 10,092 $ 41 $ 2,482 $ 1,545 $ 19,542 Collectively evaluated for impairment 145,431 464,806 2,131 104,212 60,048 776,628 Total $ 150,813 $ 474,898 $ 2,172 $ 106,694 $ 61,593 $ 796,170 * Includes construction loans Note: Loan balances do not include $ 603 thousand in net deferred loan origination costs as of March 31, 2016. Impaired Loans The following tables provide data, at the class level, for impaired loans as of the dates indicated: At March 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized With no related allowance recorded: (in thousands) Commercial and industrial $ 1,176 $ 1,279 $ - $ 1,183 $ 23 $ 5 Residential real estate: Residential 2,491 2,697 - 2,493 9 17 Construction - - - - - - Commercial real estate: Commercial 2,452 2,506 - 2,534 34 19 Construction - - - - - - Home equities 1,611 1,697 - 1,627 15 4 Consumer and other - - - - - - Total impaired loans $ 7,730 $ 8,179 $ - $ 7,837 $ 81 $ 45 At March 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized With a related allowance recorded: (in thousands) Commercial and industrial $ 1,610 $ 1,853 $ 253 $ 1,654 $ 24 $ 2 Residential real estate: Residential 70 72 1 70 1 - Construction - - - - - - Commercial real estate: Commercial 5,843 5,871 541 5,843 13 53 Construction 4,178 4,201 1,175 4,179 50 - Home equities 83 85 9 83 1 - Consumer and other 36 62 36 37 1 1 Total impaired loans $ 11,820 $ 12,144 $ 2,015 $ 11,866 $ 90 $ 56 At March 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized Total: (in thousands) Commercial and industrial $ 2,786 $ 3,132 $ 253 $ 2,837 $ 47 $ 7 Residential real estate: Residential 2,561 2,769 1 2,563 10 17 Construction - - - - - - Commercial real estate: Commercial 8,295 8,377 541 8,377 47 72 Construction 4,178 4,201 1,175 4,179 50 - Home equities 1,694 1,782 9 1,710 16 4 Consumer and other 36 62 36 37 1 1 Total impaired loans $ 19,550 $ 20,323 $ 2,015 $ 19,703 $ 171 $ 101 At December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized With no related allowance recorded: (in thousands) Commercial and industrial $ 1,304 $ 1,604 $ - $ 1,455 $ 125 $ 51 Residential real estate: Residential 2,513 2,720 - 2,542 39 78 Construction - - - - - - Commercial real estate: Commercial 2,123 2,168 - 2,181 33 89 Construction 257 257 - 404 2 28 Home equities 1,559 1,621 - 1,606 51 30 Consumer and other - - - - - - Total impaired loans $ 7,756 $ 8,370 $ - $ 8,188 $ 250 $ 276 At December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized With a related allowance recorded: (in thousands) Commercial and industrial $ 1,844 $ 1,913 $ 492 $ 1,898 $ 62 $ 53 Residential real estate: Residential 71 72 1 72 2 1 Construction - - - - - - Commercial real estate: Commercial 1,054 1,083 296 1,062 50 - Construction 4,179 4,201 1,175 4,180 194 - Home equities 194 206 20 195 9 1 Consumer and other 43 68 43 45 3 3 Total impaired loans $ 7,385 $ 7,543 $ 2,027 $ 7,452 $ 320 $ 58 At December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized Total: (in thousands) Commercial and industrial $ 3,148 $ 3,517 $ 492 $ 3,353 $ 187 $ 104 Residential real estate: Residential 2,584 2,792 1 2,614 41 79 Construction - - - - - - Commercial real estate: Commercial 3,177 3,251 296 3,243 83 89 Construction 4,436 4,458 1,175 4,584 196 28 Home equities 1,753 1,827 20 1,801 60 31 Consumer and other 43 68 43 45 3 3 Total impaired loans $ 15,141 $ 15,913 $ 2,027 $ 15,640 $ 570 $ 334 Non-performing loans The following table sets forth information regarding non-performing loans as of the dates specified: March 31, 2017 December 31, 2016 (in thousands) Non-accruing loans: Commercial and industrial loans $ 2,771 $ 3,106 Residential real estate: Residential 846 862 Construction - - Commercial real estate: Commercial and multi-family 3,174 1,874 Construction 4,179 4,178 Home equities 1,232 1,261 Consumer loans 11 17 Total non-accruing loans $ 12,213 $ 11,298 Accruing loans 90+ days past due 72 722 Total non-performing loans $ 12,285 $ 12,020 Total non-performing loans to total assets 1.08 % 1.09 % Total non-performing loans to total loans 1.30 % 1.28 % Troubled debt restructurings The Company had $9.1 million and $5.1 million in loans that were restructured in a troubled debt restructuring (“TDR”) at March 31, 2017 and December 31, 2016, respectively. Of those balances, $1.7 million and $1.2 million were in non-accrual status at March 31, 2017 and December 31, 2016, respectively. Any TDR that is placed on non-accrual is not reverted back to accruing status until the borrower makes timely payments as contracted for at least six months and future collection under the revised terms is probable. All of the Company’s restructurings were allowed in an effort to maximize its ability to collect on loans where borrowers were experiencing financial difficulty. The reserve for a TDR is based upon the present value of the future expected cash flows discounted at the loan’s original effective interest rate or upon the fair value of the collateral less costs to sell, if the loan is deemed collateral dependent. This reserve methodology is used because all TDR loans are considered impaired. As of March 31, 2017, there were no commitments to lend additional funds to debtors owing on loans whose terms have been modified in TDRs. The following tables summarize the loans that were classified as troubled debt restructurings as of the dates indicated: March 31, 2017 (in thousands) Total Nonaccruing Accruing Related Allowance Commercial and industrial $ 729 $ 714 $ 15 $ 168 Residential real estate: Residential 1,949 235 1,714 - Construction - - - - Commercial real estate: Commercial and multi-family 5,713 592 5,121 245 Construction - - - - Home equities 638 177 461 - Consumer and other loans 26 - 26 26 Total troubled restructured loans $ 9,055 $ 1,718 $ 7,337 $ 439 December 31, 2016 (in thousands) Total Nonaccruing Accruing Related Allowance Commercial and industrial $ 574 $ 532 $ 42 $ 147 Residential real estate: Residential 1,949 227 1,722 - Construction - - - - Commercial real estate: Commercial and multi-family 1,617 313 1,304 - Construction 257 - 257 - Home equities 667 175 492 1 Consumer and other loans 26 - 26 26 Total troubled restructured loans $ 5,090 $ 1,247 $ 3,843 $ 174 The Company’s TDRs have various agreements that involve deferral of principal payments, or interest-only payments, for a period (usually 12 months or less) to allow the customer time to improve cash flow or sell the property. Other common concessions leading to the designation of a TDR are lines of credit that are termed-out and/or extensions of maturities at rates that are less than the prevailing market rates given the risk profile of the borrower. The following tables show the data for TDR activity by the type of concession granted to the borrower for the three month periods ended March 31, 2017 and 2016: Three months ended March 31, 2017 Three months ended March 31, 2016 (Recorded Investment in thousands) (Recorded Investment in thousands) Troubled Debt Restructurings by Type of Concession Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial and Industrial: Extension of maturity - $ - $ - 1 $ 24 $ 24 Interest rate reduction - - - - - - Term-out line of credit 1 180 180 1 20 20 Combination of concessions - - - - - - Residential Real Estate & Construction: Extension of maturity - - - 1 95 95 Commercial Real Estate & Construction - - - - - - Extension of maturity 3 5,073 5,073 - - - Home Equities - - - - - - Consumer and other loans - - - - - - The general practice of the Bank is to work with borrowers so that they are able to repay their loan in full. If a borrower continues to be delinquent or cannot meet the terms of a TDR and the loan is determined to be uncollectible, the loan will be charged-off. There were no loans which were classified as TDRs during the previous 12 months which defaulted during each of the three month periods ended March 31, 2017 and 2016. |
Common Equity And Earnings Per
Common Equity And Earnings Per Share Data | 3 Months Ended |
Mar. 31, 2017 | |
Common Equity And Earnings Per Share Data [Abstract] | |
Common Equity And Earnings Per Share Data | 5. COMMON EQUITY AND EARNINGS PER SHARE DATA The common stock per share information is based upon the weighted average number of shares outstanding during each period. For the three month periods ended March 31, 2017 and 2016, the Company had an average of 122,966 and 64,925 dilutive shares outstanding, respectively. Potential common shares that would have the effect of increasing diluted earnings per share are considered to be anti-dilutive and not included in calculating diluted earnings per share. For the three month periods ended March 31, 2017 and 2016, there was an average of 24,990 and 49,550 potentially anti-dilutive shares outstanding, respectively, that were not included in calculating diluted earnings per share because their effect was anti-dilutive. The Company issued 440,000 shares of common stock at $35.00 per share (including shares issued upon partial exercise of the underwriters’ allotment option in connection with the offering) in a registered common stock offering in January 2017. The offering netted $14 million in additional capital after expenses. |
Other Comprehensive Income
Other Comprehensive Income | 3 Months Ended |
Mar. 31, 2017 | |
Other Comprehensive Income [Abstract] | |
Other Comprehensive Income | 6. OTHER COMPREHENSIVE INCOME The following tables summarize the changes in the components of accumulated other comprehensive income (loss) during the three month periods ended March 31, 2017 and 2016: Balance at December 31, 2016 Net Change Balance at March 31, 2017 (in thousands) Net unrealized (loss) gain on investment securities $ (365) $ 187 $ (178) Net defined benefit pension plan adjustments (2,059) 63 (1,996) Total $ (2,424) $ 250 $ (2,174) Balance at December 31, 2015 Net Change Balance at March 31, 2016 (in thousands) Net unrealized gain on investment securities $ 475 $ 649 $ 1,124 Net defined benefit pension plan adjustments (2,285) 40 (2,245) Total $ (1,810) $ 689 $ (1,121) Three months ended March 31, 2017 Three months ended March 31, 2016 (in thousands) (in thousands) Before-Tax Amount Income Tax (Provision) Benefit (b) Net-of-Tax Amount Before-Tax Amount Income Tax (Provision) Benefit Net-of-Tax Amount Unrealized gain on investment securities: Unrealized gain on investment securities $ 296 $ (109) $ 187 $ 1,047 $ (398) $ 649 Defined benefit pension plan adjustments: Reclassifications from accumulated other comprehensive income for gains (losses) Amortization of prior service cost (a) $ 8 $ 2 $ 10 $ 8 $ (3) $ 5 Amortization of actuarial loss (a) 43 10 53 56 (21) 35 Net change 51 12 63 64 (24) 40 Other Comprehensive Income (Loss) $ 347 $ (97) $ 250 $ 1,111 $ (422) $ 689 (a) Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs” (b) Tax benefit includes impact of re-valuation of deferred tax asset due to increase in marginal federal income tax rate from 34% to 35% . |
Segment Information
Segment Information | 3 Months Ended |
Mar. 31, 2017 | |
Segment Information [Abstract] | |
Segment Information | 7. SEGMENT INFORMATION The Company is comprised of two primary business segments, banking and insurance agency activities. The following tables set forth information regarding these segments for the three month periods ended March 31, 2017 and 2016. March 31, 2017 Banking Insurance Agency Activities Activities Total (in thousands) Net interest income (expense) $ 9,670 $ (26) $ 9,644 (Credit) provision for loan losses (435) - (435) Net interest income (expense) after provision for loan losses 10,105 (26) 10,079 Non-interest income 1,354 - 1,354 Insurance service and fees 109 2,059 2,168 Amortization expense - 28 28 Non-interest expense 7,647 1,380 9,027 Income before income taxes 3,921 625 4,546 Income tax provision 1,159 241 1,400 Net income $ 2,762 $ 384 $ 3,146 March 31, 2016 Banking Insurance Agency Activities Activities Total (in thousands) Net interest income (expense) $ 8,291 $ (31) $ 8,260 Provision for loan losses 208 - 208 Net interest income (expense) after provision for loan losses 8,083 (31) 8,052 Non-interest income 1,246 - 1,246 Insurance service and fees 116 1,632 1,748 Non-interest expense 7,327 1,201 8,528 Income before income taxes 2,118 400 2,518 Income tax provision 650 154 804 Net income $ 1,468 $ 246 $ 1,714 |
Contingent Liabilities And Comm
Contingent Liabilities And Commitments | 3 Months Ended |
Mar. 31, 2017 | |
Contingent Liabilities And Commitments [Abstract] | |
Contingent Liabilities And Commitments | 8. CONTINGENT LIABILITIES AND COMMITMENTS The unaudited consolidated financial statements do not reflect various commitments and contingent liabilities, which arise in the normal course of business, and which involve elements of credit risk, interest rate risk and liquidity risk. These commitments and contingent liabilities consist of commitments to extend credit and standby letters of credit. A summary of the Bank’s commitments and contingent liabilities is as follows: March 31, December 31, 2017 2016 (in thousands) Commitments to extend credit $ 203,354 $ 217,581 Standby letters of credit 4,504 3,736 Total $ 207,858 $ 221,317 Commitments to extend credit and standby letters of credit include some exposure to credit loss in the event of nonperformance by the customer. The Bank’s credit policies and procedures for credit commitments and financial guarantees are the same as those for extensions of credit that are recorded on the Company’s unaudited consolidated balance sheets. Because these instruments have fixed maturity dates, and because they may expire without being drawn upon, they do not necessarily represent cash requirements of the Bank. The Bank did not incur any losses on its commitments and did not record a reserve for its commitments during the first three months of 2017 or during 2016. Certain lending commitments for construction residential mortgage loans are considered derivative instruments under the guidelines of GAAP. The changes in the fair value of these commitments, due to interest rate risk, are not recorded on the consolidated balance sheets as the fair value of these derivatives is not considered to be material. |
Net Periodic Benefit Costs
Net Periodic Benefit Costs | 3 Months Ended |
Mar. 31, 2017 | |
Net Periodic Benefit Costs [Abstract] | |
Net Periodic Benefit Costs | 9. NET PERIODIC BENEFIT COSTS On January 31, 2008, the Bank froze its defined benefit pension plan. The plan covered substantially all Bank employees. The plan provides benefits that are based on the employees’ compensation and years of service. Under the freeze, eligible employees will receive, at retirement, the benefits already earned through January 31, 2008, but have not accrued any additional benefits since then. As a result, service cost is no longer incurred. The Bank uses an actuarial method of amortizing prior service cost and unrecognized net gains or losses which result from actual expense and assumptions being different than those that are projected. The amortization method the Bank used recognized the prior service cost and net gains or losses over the average remaining service period of active employees. The Bank also maintains a nonqualified supplemental executive retirement plan covering certain members of the Company’s senior management. The Bank uses an actuarial method of amortizing unrecognized net gains or losses which result from actual expense and assumptions being different than those that are projected. The amortization method the Bank uses recognizes the net gains or losses over the average remaining service period of active employees. The Bank did no t make a contribution to the defined benefit pension plan during the first three months of 2017. The following table presents the net periodic cost for the Bank’s defined benefit pension plan and supplemental executive retirement plan for the three month periods ended March 31, 2017 and 2016: Three months ended March 31, (in thousands) Supplemental Executive Pension Benefits Retirement Plan 2017 2016 2017 2016 Service cost $ - $ - $ 42 $ 47 Interest cost 54 55 34 36 Expected return on plan assets (69) (65) - - Amortization of prior service cost - - 8 8 Amortization of the net loss 23 22 20 34 Net periodic cost (benefit) $ 8 $ 12 $ 104 $ 125 |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2017 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | 10. RECENT ACCOUNTING PRONOUNCEMENTS Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers. The objective of this ASU is to require entities to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. This ASU will replace most existing revenue recognition guidance under U.S. GAAP when it becomes effective. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within the reporting period. The Company does not expect the standard to have a material impact on the Company’s financial reporting. ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities. The main objective of this ASU is to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. The ASU will not impact results of operations or the financial position of the Company, but will impact its fair value disclosures in the notes to the financial statements. ASU 2016-02, Leases . The objective of this ASU is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements to meet that objective. The main difference between previous GAAP and this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. Under this new guidance, a lessee should recognize in the statement of financial position a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous GAAP. Information about the Company’s operating lease obligations is disclosed in Note 16 to the Company’s Consolidated Financial Statements included in Item 8 of the Annual Report on Form 10-K for the year ended December 31, 2016. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of the standard on its financial reporting. ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . This ASU is part of the FASB’s Simplification Initiative. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Some of the areas of simplification apply only to nonpublic entities. The standard was adopted effective January 1, 2017. One part of this ASU that impacted the Company was the elimination of the concept of a tax windfall pool. Previously, an entity determined for each award whether the difference between the deduction for tax purposes and the compensation cost recognized for financial reporting purposes resulted in either an excess benefit or a tax deficiency. Excess tax benefits were recognized in additional paid-in-capital; tax deficiencies were recognized either as an offset to accumulated excess tax benefits, if any, or in the income statement. Excess tax benefits were not recognized until the deduction reduced taxes payable. Under the new standard, all excess tax benefits and tax deficiencies are recognized as income tax expense or benefit in the income statement in the period in which they are incurred. The impact in the first quarter of 2017 was a tax benefit of $0.1 million. In addition, the Company made the accounting policy election effective January 1, 2017 to account for forfeitures of stock awards when they occur rather than estimating the number of awards that are expected to vest. When stock awards are granted, the Company assumes that the service condition will be achieved when determining the initial amount of compensation cost recognized. The Company does not expect this election to have a material impact on its financial statements. ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments . Current GAAP requires an “incurred loss” methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. Both financial institutions and users of their financial statements expressed concern that current GAAP restricts the ability to record credit losses that are expected, but do not yet meet the “probable” threshold. The main objective of this ASU (commonly known as the Current Expected Credit Loss Impairment Model, or CECL, in the industry) is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in CECL replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments in CECL are effective for the Company for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The FASB expects that an entity will be able to leverage its current systems and methods for recording the allowance for credit losses. However, many financial institutions, particularly community banks similar in size to the Company and industry groups like the American Bankers Association, have expressed concern about the impact of CECL. The life of loan loss concept presents complexities that can decrease capital, and add both volatility to ALLL estimates and additional costs. CECL may increase the ALLL, though many factors will determine the impact for each bank. Changes in expectations of future economic conditions play a large role in CECL and can significantly affect the credit loss estimate. While OCC estimates made in 2012 projected a 30% to 50% increase in the ALLL, more recent bank analyst projections were far lower. A challenge for the Company could be the operational impact. Costly new systems and process to track loan performance may need to be purchased or developed. Significant procedural challenges may be faced both in implementation and on an ongoing basis. The total impact of CECL to the Company’s financial statements is unknown but may be material. Implementation of CECL will be a significant project for the Company through the projected implementation date of January 1, 2020. ASU 2017-04, Simplifying the Test for Goodwill Impairment. The objective of this ASU is to simplify how an entity is required to test goodwill impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the amendments in this ASU, an entity will perform its annual goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity would recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 201 9 , including interim periods within those fiscal years. The Company does not expect the standard to have a material impact on the Company’s financial reporting. |
Organization And Summary Of S19
Organization And Summary Of Significant Accounting Policies (Policy) | 3 Months Ended |
Mar. 31, 2017 | |
Organization And Summary Of Significant Accounting Policies [Abstract] | |
Organization And Summary Of Significant Accounting Policies | The accounting and reporting policies followed by Evans Bancorp, Inc. (the “Company”), a financial holding company, and its two direct, wholly-owned subsidiaries: (i) Evans Bank, National Association (the “Bank”), and the Bank’s subsidiaries, Evans National Leasing, Inc. (“ENL”), Evans National Holding Corp. (“ENHC”) and Suchak Data Systems, LLC (“SDS”); and (ii) Evans National Financial Services, LLC (“ENFS”), and ENFS’s subsidiary, The Evans Agency, LLC (“TEA”), and TEA’s subsidiaries, Frontier Claims Services, Inc. (“FCS”) and ENB Associates Inc. (“ENBA”), in the preparation of the accompanying interim unaudited consolidated financial statements conform with U.S. generally accepted accounting principles (“GAAP”) and with general practice within the industries in which it operates. Except as the context otherwise requires, the Company and its direct and indirect subsidiaries are collectively referred to in this report as the “Company.” The results of operations for the three month period ended March 31, 2017 are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the Audited Consolidated Financial Statements and the Notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2016 (“10-K”). The Company’s significant accounting policies are disclosed in Note 1 to the 10-K. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Securities [Abstract] | |
Schedule Of Amortized Cost And Approximate Fair Value Of Securities | March 31, 2017 (in thousands) Amortized Unrealized Fair Cost Gains Losses Value Available for Sale: Debt securities: U.S. government agencies $ 16,795 $ 73 $ (81) $ 16,787 States and political subdivisions 34,472 434 (62) 34,844 Total debt securities $ 51,267 $ 507 $ (143) $ 51,631 Mortgage-backed securities: FNMA $ 22,140 $ 96 $ (229) $ 22,007 FHLMC 9,452 31 (78) 9,405 GNMA 2,463 29 (21) 2,471 SBA 7,975 19 (55) 7,939 CMO 21,891 52 (500) 21,443 Total mortgage-backed securities $ 63,921 $ 227 $ (883) $ 63,265 Total securities designated as available for sale $ 115,188 $ 734 $ (1,026) $ 114,896 Held to Maturity: Debt securities States and political subdivisions $ 1,408 $ 4 $ (25) $ 1,387 Total securities designated as held to maturity $ 1,408 $ 4 $ (25) $ 1,387 December 31, 2016 (in thousands) Amortized Unrealized Fair Cost Gains Losses Value Available for Sale: Debt securities: U.S. government agencies $ 12,958 $ 67 $ (153) $ 12,872 States and political subdivisions 34,952 356 (166) 35,142 Total debt securities $ 47,910 $ 423 $ (319) $ 48,014 Mortgage-backed securities: FNMA $ 14,694 $ 96 $ (230) $ 14,560 FHLMC 3,544 32 (51) 3,525 GNMA 2,535 19 (21) 2,533 CMO 27,127 67 (604) 26,590 Total mortgage-backed securities $ 47,900 $ 214 $ (906) $ 47,208 Total securities designated as available for sale $ 95,810 $ 637 $ (1,225) $ 95,222 Held to Maturity: Debt securities States and political subdivisions $ 1,983 $ 5 $ (29) $ 1,959 Total securities designated as held to maturity $ 1,983 $ 5 $ (29) $ 1,959 |
Scheduled Maturities Of Debt And Mortgage-Backed Securities | March 31, 2017 December 31, 2016 Amortized Estimated Amortized Estimated cost fair value cost fair value (in thousands) (in thousands) Debt securities available for sale: Due in one year or less $ 2,875 $ 2,885 $ 2,869 $ 2,876 Due after one year through five years 30,201 30,405 30,171 30,214 Due after five years through ten years 15,487 15,555 12,166 12,133 Due after ten years 2,704 2,786 2,704 2,791 51,267 51,631 47,910 48,014 Mortgage-backed securities available for sale 63,921 63,265 47,900 47,208 Total available for sale securities $ 115,188 $ 114,896 $ 95,810 $ 95,222 Debt securities held to maturity: Due in one year or less $ 174 $ 173 $ 780 $ 778 Due after one year through five years 285 279 289 283 Due after five years through ten years 849 842 814 805 Due after ten years 100 93 100 93 1,408 1,387 1,983 1,959 Total held to maturity securities $ 1,408 $ 1,387 $ 1,983 $ 1,959 |
Unrealized Losses On Securities | March 31, 2017 Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (in thousands) Available for Sale: Debt securities: U.S. government agencies $ 6,919 $ (81) $ - $ - $ 6,919 $ (81) States and political subdivisions 9,370 (46) 733 (16) 10,103 (62) Total debt securities $ 16,289 $ (127) $ 733 $ (16) $ 17,022 $ (143) Mortgage-backed securities: FNMA $ 15,301 $ (229) $ - $ - $ 15,301 $ (229) FHLMC 7,730 (37) 925 (41) 8,655 (78) GNMA 1,036 (19) 308 (2) 1,344 (21) SBA 5,906 (55) - - 5,906 (55) CMO 14,275 (353) 3,662 (147) 17,937 (500) Total mortgage-backed securities $ 44,248 $ (693) $ 4,895 $ (190) $ 49,143 $ (883) Held to Maturity: Debt securities: States and political subdivisions $ 611 $ (13) $ 362 $ (12) $ 973 $ (25) Total temporarily impaired securities $ 61,148 $ (833) $ 5,990 $ (218) $ 67,138 $ (1,051) December 31, 2016 Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (in thousands) Available for Sale: Debt securities: U.S. government agencies $ 6,847 $ (153) $ - $ - $ 6,847 $ (153) States and political subdivisions 16,895 (146) 731 (20) 17,626 (166) Total debt securities $ 23,742 $ (299) $ 731 $ (20) $ 24,473 $ (319) Mortgage-backed securities: FNMA $ 9,577 $ (230) $ - $ - $ 9,577 $ (230) FHLMC 1,728 (8) 988 (43) 2,716 (51) GNMA 1,046 (17) 309 (4) 1,355 (21) CMO 19,745 (569) 1,166 (35) 20,911 (604) Total mortgage-backed securities $ 32,096 $ (824) $ 2,463 $ (82) $ 34,559 $ (906) Held to Maturity: Debt securities: States and political subdivisions $ 863 $ (3) $ 706 $ (26) $ 1,569 $ (29) Total temporarily impaired securities $ 56,701 $ (1,126) $ 3,900 $ (128) $ 60,601 $ (1,254) |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Measurements [Abstract] | |
Financial Instruments Measured At Fair Value On Recurring Basis | (in thousands) Level 1 Level 2 Level 3 Fair Value March 31, 2017 Securities available-for-sale: U.S. government agencies $ - $ 16,787 $ - $ 16,787 States and political subdivisions - 34,844 - 34,844 Mortgage-backed securities - 63,265 - 63,265 Mortgage servicing rights - - 564 564 December 31, 2016 Securities available-for-sale: U.S. government agencies $ - $ 12,872 $ - $ 12,872 States and political subdivisions - 35,142 - 35,142 Mortgage-backed securities - 47,208 - 47,208 Mortgage servicing rights - - 527 527 |
Changes In Fair Value For Mortgage Servicing Rights | Three months ended March 31, (in thousands) 2017 2016 Mortgage servicing rights - January 1 $ 527 $ 557 Gains (losses) included in earnings 11 (69) Additions from loan sales 26 8 Mortgage servicing rights - March 31 $ 564 $ 496 |
Quantitative Information About Significant Unobservable Inputs For MSRs | March 31, 2017 December 31, 2016 Servicing fees 0.25 % 0.25 % Discount rate 9.52 % 9.52 % Prepayment rate (CPR) 8.15 % 8.12 % |
Financial Instruments Measured At Fair Value On Nonrecurring Basis | (in thousands) Level 1 Level 2 Level 3 Fair Value March 31, 2017 Collateral dependent impaired loans $ - $ - $ 17,535 $ 17,535 December 31, 2016 Collateral dependent impaired loans $ - $ - $ 13,114 $ 13,114 |
Estimated Fair Values Of Financial Instruments | March 31, 2017 December 31, 2016 Carrying Fair Carrying Fair Amount Value Amount Value (in thousands) (in thousands) Financial assets: Level 1: Cash and cash equivalents $ 30,235 $ 30,235 $ 13,084 $ 13,084 Level 2: Available for sale securities 114,896 114,896 95,222 95,222 FHLB and FRB stock 2,912 2,912 3,731 3,731 Level 3: Held to maturity securities 1,408 1,387 1,983 1,959 Loans, net 932,004 913,707 928,596 945,998 Mortgage servicing rights 564 564 527 527 Financial liabilities: Level 1: Demand deposits $ 194,747 $ 194,747 $ 201,741 $ 201,741 NOW deposits 103,907 103,907 88,632 88,632 Savings deposits 531,408 531,408 508,652 508,652 Level 2: Securities sold under agreement to repurchase 11,679 11,679 10,159 10,159 Other borrowed funds 10,000 9,937 28,200 28,152 Junior subordinated debentures 11,330 11,330 11,330 11,330 Level 3: Time deposits 147,915 148,921 140,949 141,758 |
Loans And The Allowance For L22
Loans And The Allowance For Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Loans And The Allowance For Loan Losses [Abstract] | |
Schedule Of Loan Portfolio Composition | March 31, 2017 December 31, 2016 Mortgage loans on real estate: (in thousands) Residential mortgages $ 122,818 $ 118,542 Commercial and multi-family 464,288 462,385 Construction-Residential 2,155 2,540 Construction-Commercial 95,757 93,240 Home equities 66,229 66,234 Total real estate loans 751,247 742,941 Commercial and industrial loans 192,041 197,371 Consumer and other loans 1,344 1,417 Net deferred loan origination costs 951 783 Total gross loans 945,583 942,512 Allowance for loan losses (13,579) (13,916) Loans, net $ 932,004 $ 928,596 |
Data, At Class Level, Of Credit Quality Indicators Of Certain Loans | March 31, 2017 (in thousands) Corporate Credit Exposure – By Credit Rating Commercial Real Estate Construction Commercial and Multi-Family Mortgages Total Commercial Real Estate Commercial and Industrial 1-3 $ 80,643 $ 375,456 $ 456,099 $ 123,648 4 10,936 71,958 82,894 55,746 5 - 6,641 6,641 9,264 6 4,178 10,233 14,411 2,570 7 - - - 813 Total $ 95,757 $ 464,288 $ 560,045 $ 192,041 December 31, 2016 (in thousands) Corporate Credit Exposure – By Credit Rating Commercial Real Estate Construction Commercial and Multi-Family Mortgages Total Commercial Real Estate Commercial and Industrial 1-3 $ 82,520 $ 372,235 $ 454,755 $ 121,414 4 6,541 73,655 80,196 59,117 5 - 12,506 12,506 12,623 6 4,179 3,989 8,168 3,404 7 - - - 813 Total $ 93,240 $ 462,385 $ 555,625 $ 197,371 |
Recorded Investment In Loans Past Due | March 31, 2017 (in thousands) Total Past Current Total 90+ Days Non-accruing 30-59 days 60-89 days 90+ days Due Balance Balance Accruing Loans Commercial and industrial $ 2,751 $ 138 $ 931 $ 3,820 $ 188,221 $ 192,041 $ 72 $ 2,771 Residential real estate: Residential 1,225 70 659 1,954 120,864 122,818 - 846 Construction - - - - 2,155 2,155 - - Commercial real estate: Commercial 15,249 213 2,097 17,559 446,729 464,288 - 3,174 Construction 4,127 - 4,179 8,306 87,451 95,757 - 4,179 Home equities 128 207 593 928 65,301 66,229 - 1,232 Consumer and other 50 7 - 57 1,287 1,344 - 11 Total Loans $ 23,530 $ 635 $ 8,459 $ 32,624 $ 912,008 $ 944,632 $ 72 $ 12,213 Note: Loan balances do not include $ 951 thousand in net deferred loan origination costs as of March 31, 2017. December 31, 2016 (in thousands) Total Past Current Total 90+ Days Non-accruing 30-59 days 60-89 days 90+ days Due Balance Balance Accruing Loans Commercial and industrial $ 6,772 $ 2,966 $ 1,150 $ 10,888 $ 186,483 $ 197,371 $ - $ 3,106 Residential real estate: Residential 868 123 567 1,558 116,984 118,542 - 862 Construction - - - - 2,540 2,540 - - Commercial real estate: Commercial 6,319 1,522 2,357 10,198 452,187 462,385 483 1,874 Construction 257 - 4,417 4,674 88,566 93,240 239 4,178 Home equities 481 119 679 1,279 64,955 66,234 - 1,261 Consumer and other 15 10 5 30 1,387 1,417 - 17 Total Loans $ 14,712 $ 4,740 $ 9,175 $ 28,627 $ 913,102 $ 941,729 $ 722 $ 11,298 Note: Loan balances do not include $783 thousand in net deferred loan origination costs as of December 31, 2016. |
Schedule Of Allowance For Loan Losses According To Portfolio Segment | March 31, 2017 (in thousands) Commercial and Industrial Commercial Real Estate Mortgages* Consumer and Other Residential Mortgages* Home Equities Total Allowance for loan losses: Beginning balance $ 4,813 $ 7,890 $ 96 $ 769 $ 348 $ 13,916 Charge-offs (33) - (28) - - (61) Recoveries 147 - 12 - - 159 Provision (Credit) (964) 308 55 150 16 (435) Ending balance $ 3,963 $ 8,198 $ 135 $ 919 $ 364 $ 13,579 Allowance for loan losses: Ending balance: Individually evaluated for impairment $ 253 $ 1,716 $ 36 $ 1 $ 9 $ 2,015 Collectively evaluated for impairment 3,710 6,482 99 918 355 11,564 Total $ 3,963 $ 8,198 $ 135 $ 919 $ 364 $ 13,579 Loans: Ending balance: Individually evaluated for impairment $ 2,786 $ 12,473 $ 36 $ 2,561 $ 1,694 $ 19,550 Collectively evaluated for impairment 189,255 547,572 1,308 122,412 64,535 925,082 Total $ 192,041 $ 560,045 $ 1,344 $ 124,973 $ 66,229 $ 944,632 * Includes construction loans Note: Loan balances do not include $ 951 thousand in net deferred loan origination costs as of March 31, 2017. March 31, 2016 (in thousands) Commercial and Industrial Commercial Real Estate Mortgages* Consumer and Other Residential Mortgages* Home Equities Total Allowance for loan losses: Beginning balance $ 4,383 $ 7,135 $ 85 $ 909 $ 371 $ 12,883 Charge-offs (13) - (7) - - (20) Recoveries 7 38 3 - - 48 Provision (Credit) 203 269 12 (213) (63) 208 Ending balance $ 4,580 $ 7,442 $ 93 $ 696 $ 308 $ 13,119 Allowance for loan losses: Ending balance: Individually evaluated for impairment $ 516 $ 1,134 $ 41 $ 2 $ - $ 1,693 Collectively evaluated for impairment 4,064 6,308 52 694 308 11,426 Total $ 4,580 $ 7,442 $ 93 $ 696 $ 308 $ 13,119 Loans: Ending balance: Individually evaluated for impairment $ 5,382 $ 10,092 $ 41 $ 2,482 $ 1,545 $ 19,542 Collectively evaluated for impairment 145,431 464,806 2,131 104,212 60,048 776,628 Total $ 150,813 $ 474,898 $ 2,172 $ 106,694 $ 61,593 $ 796,170 * Includes construction loans Note: Loan balances do not include $ 603 thousand in net deferred loan origination costs as of March 31, 2016. |
Data, At Class Level, Of Impaired Loans | At March 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized With no related allowance recorded: (in thousands) Commercial and industrial $ 1,176 $ 1,279 $ - $ 1,183 $ 23 $ 5 Residential real estate: Residential 2,491 2,697 - 2,493 9 17 Construction - - - - - - Commercial real estate: Commercial 2,452 2,506 - 2,534 34 19 Construction - - - - - - Home equities 1,611 1,697 - 1,627 15 4 Consumer and other - - - - - - Total impaired loans $ 7,730 $ 8,179 $ - $ 7,837 $ 81 $ 45 At March 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized With a related allowance recorded: (in thousands) Commercial and industrial $ 1,610 $ 1,853 $ 253 $ 1,654 $ 24 $ 2 Residential real estate: Residential 70 72 1 70 1 - Construction - - - - - - Commercial real estate: Commercial 5,843 5,871 541 5,843 13 53 Construction 4,178 4,201 1,175 4,179 50 - Home equities 83 85 9 83 1 - Consumer and other 36 62 36 37 1 1 Total impaired loans $ 11,820 $ 12,144 $ 2,015 $ 11,866 $ 90 $ 56 At March 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized Total: (in thousands) Commercial and industrial $ 2,786 $ 3,132 $ 253 $ 2,837 $ 47 $ 7 Residential real estate: Residential 2,561 2,769 1 2,563 10 17 Construction - - - - - - Commercial real estate: Commercial 8,295 8,377 541 8,377 47 72 Construction 4,178 4,201 1,175 4,179 50 - Home equities 1,694 1,782 9 1,710 16 4 Consumer and other 36 62 36 37 1 1 Total impaired loans $ 19,550 $ 20,323 $ 2,015 $ 19,703 $ 171 $ 101 At December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized With no related allowance recorded: (in thousands) Commercial and industrial $ 1,304 $ 1,604 $ - $ 1,455 $ 125 $ 51 Residential real estate: Residential 2,513 2,720 - 2,542 39 78 Construction - - - - - - Commercial real estate: Commercial 2,123 2,168 - 2,181 33 89 Construction 257 257 - 404 2 28 Home equities 1,559 1,621 - 1,606 51 30 Consumer and other - - - - - - Total impaired loans $ 7,756 $ 8,370 $ - $ 8,188 $ 250 $ 276 At December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized With a related allowance recorded: (in thousands) Commercial and industrial $ 1,844 $ 1,913 $ 492 $ 1,898 $ 62 $ 53 Residential real estate: Residential 71 72 1 72 2 1 Construction - - - - - - Commercial real estate: Commercial 1,054 1,083 296 1,062 50 - Construction 4,179 4,201 1,175 4,180 194 - Home equities 194 206 20 195 9 1 Consumer and other 43 68 43 45 3 3 Total impaired loans $ 7,385 $ 7,543 $ 2,027 $ 7,452 $ 320 $ 58 At December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Foregone Interest Income Recognized Total: (in thousands) Commercial and industrial $ 3,148 $ 3,517 $ 492 $ 3,353 $ 187 $ 104 Residential real estate: Residential 2,584 2,792 1 2,614 41 79 Construction - - - - - - Commercial real estate: Commercial 3,177 3,251 296 3,243 83 89 Construction 4,436 4,458 1,175 4,584 196 28 Home equities 1,753 1,827 20 1,801 60 31 Consumer and other 43 68 43 45 3 3 Total impaired loans $ 15,141 $ 15,913 $ 2,027 $ 15,640 $ 570 $ 334 |
Schedule Of Non-Performing Loans | March 31, 2017 December 31, 2016 (in thousands) Non-accruing loans: Commercial and industrial loans $ 2,771 $ 3,106 Residential real estate: Residential 846 862 Construction - - Commercial real estate: Commercial and multi-family 3,174 1,874 Construction 4,179 4,178 Home equities 1,232 1,261 Consumer loans 11 17 Total non-accruing loans $ 12,213 $ 11,298 Accruing loans 90+ days past due 72 722 Total non-performing loans $ 12,285 $ 12,020 Total non-performing loans to total assets 1.08 % 1.09 % Total non-performing loans to total loans 1.30 % 1.28 % |
Loans Classified As Troubled Debt Restructurings | March 31, 2017 (in thousands) Total Nonaccruing Accruing Related Allowance Commercial and industrial $ 729 $ 714 $ 15 $ 168 Residential real estate: Residential 1,949 235 1,714 - Construction - - - - Commercial real estate: Commercial and multi-family 5,713 592 5,121 245 Construction - - - - Home equities 638 177 461 - Consumer and other loans 26 - 26 26 Total troubled restructured loans $ 9,055 $ 1,718 $ 7,337 $ 439 December 31, 2016 (in thousands) Total Nonaccruing Accruing Related Allowance Commercial and industrial $ 574 $ 532 $ 42 $ 147 Residential real estate: Residential 1,949 227 1,722 - Construction - - - - Commercial real estate: Commercial and multi-family 1,617 313 1,304 - Construction 257 - 257 - Home equities 667 175 492 1 Consumer and other loans 26 - 26 26 Total troubled restructured loans $ 5,090 $ 1,247 $ 3,843 $ 174 |
TDR Activity By Type Of Concession Granted To Borrower | Three months ended March 31, 2017 Three months ended March 31, 2016 (Recorded Investment in thousands) (Recorded Investment in thousands) Troubled Debt Restructurings by Type of Concession Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial and Industrial: Extension of maturity - $ - $ - 1 $ 24 $ 24 Interest rate reduction - - - - - - Term-out line of credit 1 180 180 1 20 20 Combination of concessions - - - - - - Residential Real Estate & Construction: Extension of maturity - - - 1 95 95 Commercial Real Estate & Construction - - - - - - Extension of maturity 3 5,073 5,073 - - - Home Equities - - - - - - Consumer and other loans - - - - - - |
Other Comprehensive Income (Tab
Other Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Other Comprehensive Income [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) | Balance at December 31, 2016 Net Change Balance at March 31, 2017 (in thousands) Net unrealized (loss) gain on investment securities $ (365) $ 187 $ (178) Net defined benefit pension plan adjustments (2,059) 63 (1,996) Total $ (2,424) $ 250 $ (2,174) Balance at December 31, 2015 Net Change Balance at March 31, 2016 (in thousands) Net unrealized gain on investment securities $ 475 $ 649 $ 1,124 Net defined benefit pension plan adjustments (2,285) 40 (2,245) Total $ (1,810) $ 689 $ (1,121) |
Components Of Other Comprehensive Income (Loss) | Three months ended March 31, 2017 Three months ended March 31, 2016 (in thousands) (in thousands) Before-Tax Amount Income Tax (Provision) Benefit (b) Net-of-Tax Amount Before-Tax Amount Income Tax (Provision) Benefit Net-of-Tax Amount Unrealized gain on investment securities: Unrealized gain on investment securities $ 296 $ (109) $ 187 $ 1,047 $ (398) $ 649 Defined benefit pension plan adjustments: Reclassifications from accumulated other comprehensive income for gains (losses) Amortization of prior service cost (a) $ 8 $ 2 $ 10 $ 8 $ (3) $ 5 Amortization of actuarial loss (a) 43 10 53 56 (21) 35 Net change 51 12 63 64 (24) 40 Other Comprehensive Income (Loss) $ 347 $ (97) $ 250 $ 1,111 $ (422) $ 689 (a) Included in net periodic pension cost, as described in Note 9 – “Net Periodic Benefit Costs” (b) Tax benefit includes impact of re-valuation of deferred tax asset due to increase in marginal federal income tax rate from 34% to 35% . |
Segment Information (Tables)
Segment Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Segment Information [Abstract] | |
Schedule Of Business Segments | March 31, 2017 Banking Insurance Agency Activities Activities Total (in thousands) Net interest income (expense) $ 9,670 $ (26) $ 9,644 (Credit) provision for loan losses (435) - (435) Net interest income (expense) after provision for loan losses 10,105 (26) 10,079 Non-interest income 1,354 - 1,354 Insurance service and fees 109 2,059 2,168 Amortization expense - 28 28 Non-interest expense 7,647 1,380 9,027 Income before income taxes 3,921 625 4,546 Income tax provision 1,159 241 1,400 Net income $ 2,762 $ 384 $ 3,146 March 31, 2016 Banking Insurance Agency Activities Activities Total (in thousands) Net interest income (expense) $ 8,291 $ (31) $ 8,260 Provision for loan losses 208 - 208 Net interest income (expense) after provision for loan losses 8,083 (31) 8,052 Non-interest income 1,246 - 1,246 Insurance service and fees 116 1,632 1,748 Non-interest expense 7,327 1,201 8,528 Income before income taxes 2,118 400 2,518 Income tax provision 650 154 804 Net income $ 1,468 $ 246 $ 1,714 |
Contingent Liabilities And Co25
Contingent Liabilities And Commitments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Contingent Liabilities And Commitments [Abstract] | |
Summary Of Commitments And Contingent Liabilities | March 31, December 31, 2017 2016 (in thousands) Commitments to extend credit $ 203,354 $ 217,581 Standby letters of credit 4,504 3,736 Total $ 207,858 $ 221,317 |
Net Periodic Benefit Costs (Tab
Net Periodic Benefit Costs (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Net Periodic Benefit Costs [Abstract] | |
Schedule Of Net Periodic Cost | Three months ended March 31, (in thousands) Supplemental Executive Pension Benefits Retirement Plan 2017 2016 2017 2016 Service cost $ - $ - $ 42 $ 47 Interest cost 54 55 34 36 Expected return on plan assets (69) (65) - - Amortization of prior service cost - - 8 8 Amortization of the net loss 23 22 20 34 Net periodic cost (benefit) $ 8 $ 12 $ 104 $ 125 |
Organization And Summary Of S27
Organization And Summary Of Significant Accounting Policies (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2017entity | |
Organization And Summary Of Significant Accounting Policies [Abstract] | |
Number of subsidiaries | 2 |
Securities (Narrative) (Details
Securities (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities pledged as collateral | $ 108,000 | $ 87,000 |
Impairment charges | $ 0 | $ 0 |
Investment Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Contractual maturities duration | 3 years 8 months 12 days | 3 years 4 months 24 days |
Minimum [Member] | Total Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Contractual maturities duration | 10 years |
Securities (Schedule Of Amortiz
Securities (Schedule Of Amortized Cost And Approximate Fair Value Of Securities) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | $ 115,188 | $ 95,810 |
Available for Sale, Unrealized Gains | 734 | 637 |
Available for Sale, Unrealized Losses | (1,026) | (1,225) |
Available for Sale, Fair Value | 114,896 | 95,222 |
Held to Maturity, Amortized Cost | 1,408 | 1,983 |
Held to Maturity, Unrealized Gains | 4 | 5 |
Held to Maturity, Unrealized Losses | (25) | (29) |
Held to Maturity, Fair Value | 1,387 | 1,959 |
States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Held to Maturity, Amortized Cost | 1,408 | 1,983 |
Held to Maturity, Unrealized Gains | 4 | 5 |
Held to Maturity, Unrealized Losses | (25) | (29) |
Held to Maturity, Fair Value | 1,387 | 1,959 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 16,795 | 12,958 |
Available for Sale, Unrealized Gains | 73 | 67 |
Available for Sale, Unrealized Losses | (81) | (153) |
Available for Sale, Fair Value | 16,787 | 12,872 |
States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 34,472 | 34,952 |
Available for Sale, Unrealized Gains | 434 | 356 |
Available for Sale, Unrealized Losses | (62) | (166) |
Available for Sale, Fair Value | 34,844 | 35,142 |
Total Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 51,267 | 47,910 |
Available for Sale, Unrealized Gains | 507 | 423 |
Available for Sale, Unrealized Losses | (143) | (319) |
Available for Sale, Fair Value | 51,631 | 48,014 |
FNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 22,140 | 14,694 |
Available for Sale, Unrealized Gains | 96 | 96 |
Available for Sale, Unrealized Losses | (229) | (230) |
Available for Sale, Fair Value | 22,007 | 14,560 |
FHLMC [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 9,452 | 3,544 |
Available for Sale, Unrealized Gains | 31 | 32 |
Available for Sale, Unrealized Losses | (78) | (51) |
Available for Sale, Fair Value | 9,405 | 3,525 |
GNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 2,463 | 2,535 |
Available for Sale, Unrealized Gains | 29 | 19 |
Available for Sale, Unrealized Losses | (21) | (21) |
Available for Sale, Fair Value | 2,471 | 2,533 |
SBA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 7,975 | |
Available for Sale, Unrealized Gains | 19 | |
Available for Sale, Unrealized Losses | (55) | |
Available for Sale, Fair Value | 7,939 | |
CMO [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 21,891 | 27,127 |
Available for Sale, Unrealized Gains | 52 | 67 |
Available for Sale, Unrealized Losses | (500) | (604) |
Available for Sale, Fair Value | 21,443 | 26,590 |
Total Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost | 63,921 | 47,900 |
Available for Sale, Unrealized Gains | 227 | 214 |
Available for Sale, Unrealized Losses | (883) | (906) |
Available for Sale, Fair Value | $ 63,265 | $ 47,208 |
Securities (Scheduled Maturitie
Securities (Scheduled Maturities Of Debt And Mortgage-Backed Securities) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities [Abstract] | ||
Debt securities available for sale, Due in one year or less, Amortized cost | $ 2,875 | $ 2,869 |
Debt securities available for sale, Due after one year through five years, Amortized cost | 30,201 | 30,171 |
Debt securities available for sale, Due after five years through ten years, Amortized cost | 15,487 | 12,166 |
Debt securities available for sale, Due after ten years, Amortized cost | 2,704 | 2,704 |
Debt securities available for sale, Amortized cost | 51,267 | 47,910 |
Mortgage-backed securities available for sale, Amortized cost | 63,921 | 47,900 |
Available for Sale, Amortized Cost | 115,188 | 95,810 |
Debt securities available for sale, Due in one year or less, Estimated fair value | 2,885 | 2,876 |
Debt securities available for sale, Due after one year through five years, Estimated fair value | 30,405 | 30,214 |
Debt securities available for sale, Due after five years through ten years, Estimated fair value | 15,555 | 12,133 |
Debt securities available for sale, Due after ten years, Estimated fair value | 2,786 | 2,791 |
Debt securities available for sale, Estimated fair value | 51,631 | 48,014 |
Mortgage-backed securities available for sale, Estimated fair value | 63,265 | 47,208 |
Available for Sale, Estimated Fair Value | 114,896 | 95,222 |
Debt securities held to maturity, Due in one year or less, Amortized cost | 174 | 780 |
Debt securities held to maturity, Due after one year through five years, Amortized cost | 285 | 289 |
Debt securities held to maturity, Due after five years through ten years, Amortized cost | 849 | 814 |
Debt securities held to maturity, Due after ten years, Amortized cost | 100 | 100 |
Held to Maturity, Amortized Cost | 1,408 | 1,983 |
Debt securities held to maturity, Due in one year or less, Estimated fair value | 173 | 778 |
Debt securites held to maturity, Due after one year through five years, Estimated fair value | 279 | 283 |
Debt securites held to maturity, Due after five years through ten years, Estimated fair value | 842 | 805 |
Debt securities held to maturity, Due after ten years, Estimated fair value | 93 | 93 |
Held to Maturity, Estimated Fair Value | $ 1,387 | $ 1,959 |
Securities (Unrealized Losses O
Securities (Unrealized Losses On Securities) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Total temporarily impaired securities, Less than 12 months, Fair Value | $ 61,148 | $ 56,701 |
Total temporarily impaired securities, 12 months or longer, Fair Value | 5,990 | 3,900 |
Total temporarily impaired securities, Total, Fair Value | 67,138 | 60,601 |
Total temporarily impaired securities, Less than 12 months, Unrealized Losses | (833) | (1,126) |
Total temporarily impaired securities, 12 months or longer, Unrealized Losses | (218) | (128) |
Total temporarily impaired securities, Total, Unrealized Losses | (1,051) | (1,254) |
States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Held To Maturity, Less than 12 months, Fair Value | 611 | 863 |
Held To Maturity, 12 months or longer, Fair Value | 362 | 706 |
Held To Maturity, Total, Fair Value | 973 | 1,569 |
Held To Maturity, Less than 12 months, Unrealized Losses | (13) | (3) |
Held To Maturity, 12 months or longer, Unrealized Losses | (12) | (26) |
Held To Maturity, Total, Unrealized Losses | (25) | (29) |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 6,919 | 6,847 |
Available for Sale, 12 months or longer, Fair Value | ||
Available for Sale, Total, Fair Value | 6,919 | 6,847 |
Available for Sale, Less than 12 months, Unrealized Losses | (81) | (153) |
Available for Sale, 12 months or longer, Unrealized Losses | ||
Available for Sale, Total, Unrealized Losses | (81) | (153) |
States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 9,370 | 16,895 |
Available for Sale, 12 months or longer, Fair Value | 733 | 731 |
Available for Sale, Total, Fair Value | 10,103 | 17,626 |
Available for Sale, Less than 12 months, Unrealized Losses | (46) | (146) |
Available for Sale, 12 months or longer, Unrealized Losses | (16) | (20) |
Available for Sale, Total, Unrealized Losses | (62) | (166) |
Total Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 16,289 | 23,742 |
Available for Sale, 12 months or longer, Fair Value | 733 | 731 |
Available for Sale, Total, Fair Value | 17,022 | 24,473 |
Available for Sale, Less than 12 months, Unrealized Losses | (127) | (299) |
Available for Sale, 12 months or longer, Unrealized Losses | (16) | (20) |
Available for Sale, Total, Unrealized Losses | (143) | (319) |
FNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 15,301 | 9,577 |
Available for Sale, 12 months or longer, Fair Value | ||
Available for Sale, Total, Fair Value | 15,301 | 9,577 |
Available for Sale, Less than 12 months, Unrealized Losses | (229) | (230) |
Available for Sale, 12 months or longer, Unrealized Losses | ||
Available for Sale, Total, Unrealized Losses | (229) | (230) |
FHLMC [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 7,730 | 1,728 |
Available for Sale, 12 months or longer, Fair Value | 925 | 988 |
Available for Sale, Total, Fair Value | 8,655 | 2,716 |
Available for Sale, Less than 12 months, Unrealized Losses | (37) | (8) |
Available for Sale, 12 months or longer, Unrealized Losses | (41) | (43) |
Available for Sale, Total, Unrealized Losses | (78) | (51) |
GNMA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 1,036 | 1,046 |
Available for Sale, 12 months or longer, Fair Value | 308 | 309 |
Available for Sale, Total, Fair Value | 1,344 | 1,355 |
Available for Sale, Less than 12 months, Unrealized Losses | (19) | (17) |
Available for Sale, 12 months or longer, Unrealized Losses | (2) | (4) |
Available for Sale, Total, Unrealized Losses | (21) | (21) |
SBA [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 5,906 | |
Available for Sale, 12 months or longer, Fair Value | ||
Available for Sale, Total, Fair Value | 5,906 | |
Available for Sale, Less than 12 months, Unrealized Losses | (55) | |
Available for Sale, 12 months or longer, Unrealized Losses | ||
Available for Sale, Total, Unrealized Losses | (55) | |
CMO [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 14,275 | 19,745 |
Available for Sale, 12 months or longer, Fair Value | 3,662 | 1,166 |
Available for Sale, Total, Fair Value | 17,937 | 20,911 |
Available for Sale, Less than 12 months, Unrealized Losses | (353) | (569) |
Available for Sale, 12 months or longer, Unrealized Losses | (147) | (35) |
Available for Sale, Total, Unrealized Losses | (500) | (604) |
Total Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Less than 12 months, Fair Value | 44,248 | 32,096 |
Available for Sale, 12 months or longer, Fair Value | 4,895 | 2,463 |
Available for Sale, Total, Fair Value | 49,143 | 34,559 |
Available for Sale, Less than 12 months, Unrealized Losses | (693) | (824) |
Available for Sale, 12 months or longer, Unrealized Losses | (190) | (82) |
Available for Sale, Total, Unrealized Losses | $ (883) | $ (906) |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired loans | $ 19,550 | $ 15,141 |
Impaired loans, allowance for loan loss | $ 2,015 | 2,027 |
Percentage required stock to capital and surplus | 6.00% | |
Impairment charges | $ 0 | 0 |
Consumer And Other Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Period past due for loan appraisals | 90 days | |
Impaired loans | $ 36 | 43 |
Impaired loans, allowance for loan loss | $ 36 | $ 43 |
Minimum [Member] | Impaired Loans [Member] | Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Discount rate | 10.00% | |
Maximum [Member] | Impaired Loans [Member] | Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Discount rate | 50.00% | |
Investment In FRB Stock [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impairment charges | $ 0 | |
FHLBNY [Member] | Investment In FHLBNY Stock [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impairment charges | $ 0 |
Fair Value Measurements (Financ
Fair Value Measurements (Financial Instruments Measured At Fair Value On Recurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | $ 114,896 | $ 95,222 |
Mortgage servicing rights | 564 | 527 |
U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 16,787 | 12,872 |
States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 34,844 | 35,142 |
Total Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 63,265 | 47,208 |
Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Mortgage servicing rights | ||
Recurring [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Mortgage servicing rights | 564 | 527 |
Recurring [Member] | U.S. Government Agencies [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | ||
Recurring [Member] | U.S. Government Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 16,787 | 12,872 |
Recurring [Member] | States and Political Subdivisions [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | ||
Recurring [Member] | States and Political Subdivisions [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 34,844 | 35,142 |
Recurring [Member] | Total Mortgage-Backed Securities [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | ||
Recurring [Member] | Total Mortgage-Backed Securities [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | $ 63,265 | $ 47,208 |
Fair Value Measurements (Change
Fair Value Measurements (Changes In Fair Value For Mortgage Servicing Rights) (Details) - Mortgage Servicing Rights [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Mortgage servicing rights - Beginning balance | $ 527 | $ 557 |
Gains (losses) included in earnings | 11 | (69) |
Additions from loan sales | 26 | 8 |
Mortgage servicing rights - Ending balance | $ 564 | $ 496 |
Fair Value Measurements (Quanti
Fair Value Measurements (Quantitative Information About Significant Unobservable Inputs For MSRs) (Details) - Mortgage Servicing Rights [Member] - Level 3 [Member] | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Servicing fees | 0.25% | 0.25% |
Discount rate | 9.52% | 9.52% |
Prepayment rate (CPR) | 8.15% | 8.12% |
Fair Value Measurements (Fina36
Fair Value Measurements (Financial Instruments Measured At Fair Value On Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent impaired loans | $ 17,535 | $ 13,114 |
Level 1 [Member] | Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent impaired loans | ||
Level 2 [Member] | Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent impaired loans | ||
Level 3 [Member] | Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral dependent impaired loans | $ 17,535 | $ 13,114 |
Fair Value Measurements (Estima
Fair Value Measurements (Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available for sale securities | $ 114,896 | $ 95,222 |
Held to maturity securities | 1,387 | 1,959 |
Mortgage servicing rights | 564 | 527 |
Demand deposits | 194,747 | 201,741 |
NOW deposits | 103,907 | 88,632 |
Savings deposits | 531,408 | 508,652 |
Time deposits | 147,915 | 140,949 |
Carrying Amount [Member] | Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and cash equivalents | 30,235 | 13,084 |
Demand deposits | 194,747 | 201,741 |
NOW deposits | 103,907 | 88,632 |
Savings deposits | 531,408 | 508,652 |
Carrying Amount [Member] | Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available for sale securities | 114,896 | 95,222 |
FHLB and FRB stock | 2,912 | 3,731 |
Securities sold under agreement to repurchase | 11,679 | 10,159 |
Other borrowed funds | 10,000 | 28,200 |
Junior subordinated debentures | 11,330 | 11,330 |
Carrying Amount [Member] | Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held to maturity securities | 1,408 | 1,983 |
Loans, net | 932,004 | 928,596 |
Mortgage servicing rights | 564 | 527 |
Time deposits | 147,915 | 140,949 |
Fair Value [Member] | Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and cash equivalents | 30,235 | 13,084 |
Demand deposits | 194,747 | 201,741 |
NOW deposits | 103,907 | 88,632 |
Savings deposits | 531,408 | 508,652 |
Fair Value [Member] | Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Available for sale securities | 114,896 | 95,222 |
FHLB and FRB stock | 2,912 | 3,731 |
Securities sold under agreement to repurchase | 11,679 | 10,159 |
Other borrowed funds | 9,937 | 28,152 |
Junior subordinated debentures | 11,330 | 11,330 |
Fair Value [Member] | Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Held to maturity securities | 1,387 | 1,959 |
Loans, net | 913,707 | 945,998 |
Mortgage servicing rights | 564 | 527 |
Time deposits | $ 148,921 | $ 141,758 |
Loans And The Allowance For L38
Loans And The Allowance For Loan Losses (Narrative) (Details) | 3 Months Ended | ||
Mar. 31, 2017USD ($)loan | Mar. 31, 2016USD ($)loan | Dec. 31, 2016USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Gain on loans sold to FNMA | $ 18,000 | $ 15,000 | |
Loan commitments to lend additional funds to debtors | 0 | ||
Loans restructured in troubled debt restructurings | $ 9,055,000 | $ 5,090,000 | |
Period of timely payments before reversion to accruing status | 6 months | ||
Number of loans classified as TDRS | loan | 0 | 0 | |
Nonaccruing [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans restructured in troubled debt restructurings | $ 1,718,000 | 1,247,000 | |
Commercial And Industrial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Commercial loans held-for-sale | 9,000,000 | 0 | |
Loans restructured in troubled debt restructurings | 729,000 | 574,000 | |
Commercial And Industrial [Member] | Nonaccruing [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans restructured in troubled debt restructurings | 714,000 | 532,000 | |
Consumer And Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans restructured in troubled debt restructurings | 26,000 | 26,000 | |
Consumer And Other Loans [Member] | Nonaccruing [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans restructured in troubled debt restructurings | |||
Total Real Estate Loans [Member] | Residential Real Estate [Member] | Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Unpaid principal balance | 76,000,000 | 76,000,000 | |
Mortgage servicing rights | 600,000 | 500,000 | |
Mortgage loans held-for-sale | 900,000 | 300,000 | |
Loans restructured in troubled debt restructurings | 1,949,000 | 1,949,000 | |
Total Real Estate Loans [Member] | Residential Real Estate [Member] | Mortgages [Member] | Nonaccruing [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans restructured in troubled debt restructurings | 235,000 | 227,000 | |
Total Real Estate Loans [Member] | Residential Real Estate [Member] | FNMA Loans [Member] | Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Mortgages sold to FNMA | 2,800,000 | $ 900,000 | |
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | Mortgages [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans restructured in troubled debt restructurings | 5,713,000 | 1,617,000 | |
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | Mortgages [Member] | Nonaccruing [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans restructured in troubled debt restructurings | $ 592,000 | $ 313,000 |
Loans And The Allowance For L39
Loans And The Allowance For Loan Losses (Schedule Of Loan Portfolio Composition) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | $ 944,632 | $ 941,729 | $ 796,170 | |||
Net deferred loan origination costs | 951 | 783 | 603 | |||
Total gross loans | 945,583 | 942,512 | ||||
Allowance for loan losses | (13,579) | (13,916) | ||||
Loans, net | 932,004 | 928,596 | ||||
Home Equities [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 66,229 | 66,234 | ||||
Commercial And Industrial [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 192,041 | 197,371 | 150,813 | |||
Consumer And Other Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 1,344 | 1,417 | 2,172 | |||
Total Real Estate Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 751,247 | 742,941 | ||||
Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | [1] | 124,973 | 106,694 | |||
Total Real Estate Loans [Member] | Residential Real Estate [Member] | Mortgages [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 122,818 | 118,542 | ||||
Total Real Estate Loans [Member] | Residential Real Estate [Member] | Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 2,155 | 2,540 | ||||
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 560,045 | [1] | 555,625 | 474,898 | [1] | |
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | Mortgages [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 464,288 | 462,385 | ||||
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | 95,757 | 93,240 | ||||
Total Real Estate Loans [Member] | Home Equities [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans before deferred loan origination costs | $ 66,229 | $ 66,234 | $ 61,593 | |||
[1] | Includes construction loans |
Loans And The Allowance For L40
Loans And The Allowance For Loan Losses (Data, At Class Level, Of Credit Quality Indicators Of Certain Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | ||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | $ 944,632 | $ 941,729 | $ 796,170 | ||
Total Real Estate Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 751,247 | 742,941 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 560,045 | [1] | 555,625 | 474,898 | [1] |
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Corporate Credit Exposure—By Credit Rating 1-3 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 456,099 | 454,755 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Corporate Credit Exposure—By Credit Rating 4 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 82,894 | 80,196 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Corporate Credit Exposure—By Credit Rating 5 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 6,641 | 12,506 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Corporate Credit Exposure—By Credit Rating 6 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 14,411 | 8,168 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Corporate Credit Exposure—By Credit Rating 7 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | |||||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Construction [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 95,757 | 93,240 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Construction [Member] | Corporate Credit Exposure—By Credit Rating 1-3 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 80,643 | 82,520 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Construction [Member] | Corporate Credit Exposure—By Credit Rating 4 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 10,936 | 6,541 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Construction [Member] | Corporate Credit Exposure—By Credit Rating 6 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 4,178 | 4,179 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Construction [Member] | Corporate Credit Exposure—By Credit Rating 7 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | |||||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Mortgages [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 464,288 | 462,385 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Mortgages [Member] | Corporate Credit Exposure—By Credit Rating 1-3 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 375,456 | 372,235 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Mortgages [Member] | Corporate Credit Exposure—By Credit Rating 4 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 71,958 | 73,655 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Mortgages [Member] | Corporate Credit Exposure—By Credit Rating 5 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 6,641 | 12,506 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Mortgages [Member] | Corporate Credit Exposure—By Credit Rating 6 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 10,233 | 3,989 | |||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Mortgages [Member] | Corporate Credit Exposure—By Credit Rating 7 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | |||||
Commercial And Industrial [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 192,041 | 197,371 | $ 150,813 | ||
Commercial And Industrial [Member] | Corporate Credit Exposure—By Credit Rating 1-3 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 123,648 | 121,414 | |||
Commercial And Industrial [Member] | Corporate Credit Exposure—By Credit Rating 4 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 55,746 | 59,117 | |||
Commercial And Industrial [Member] | Corporate Credit Exposure—By Credit Rating 5 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 9,264 | 12,623 | |||
Commercial And Industrial [Member] | Corporate Credit Exposure—By Credit Rating 6 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | 2,570 | 3,404 | |||
Commercial And Industrial [Member] | Corporate Credit Exposure—By Credit Rating 7 [Member] | |||||
Financing Receivable, Recorded Investment [Line Items] | |||||
Total gross loans | $ 813 | $ 813 | |||
[1] | Includes construction loans |
Loans And The Allowance For L41
Loans And The Allowance For Loan Losses (Recorded Investment In Loans Past Due) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | $ 32,624 | $ 28,627 | ||||
Current Balance | 912,008 | 913,102 | ||||
Total | 944,632 | 941,729 | $ 796,170 | |||
90+ Days Accruing | 72 | 722 | ||||
Non-accruing Loans | 12,213 | 11,298 | ||||
Net deferred loan origination costs | 951 | 783 | 603 | |||
30-59 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 23,530 | 14,712 | ||||
60-89 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 635 | 4,740 | ||||
90+ Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 8,459 | 9,175 | ||||
Commercial And Industrial [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 3,820 | 10,888 | ||||
Current Balance | 188,221 | 186,483 | ||||
Total | 192,041 | 197,371 | 150,813 | |||
90+ Days Accruing | 72 | |||||
Non-accruing Loans | 2,771 | 3,106 | ||||
Commercial And Industrial [Member] | 30-59 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 2,751 | 6,772 | ||||
Commercial And Industrial [Member] | 60-89 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 138 | 2,966 | ||||
Commercial And Industrial [Member] | 90+ Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 931 | 1,150 | ||||
Home Equities [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 928 | 1,279 | ||||
Current Balance | 65,301 | 64,955 | ||||
Total | 66,229 | 66,234 | ||||
Non-accruing Loans | 1,232 | 1,261 | ||||
Home Equities [Member] | 30-59 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 128 | 481 | ||||
Home Equities [Member] | 60-89 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 207 | 119 | ||||
Home Equities [Member] | 90+ Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 593 | 679 | ||||
Consumer And Other Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 57 | 30 | ||||
Current Balance | 1,287 | 1,387 | ||||
Total | 1,344 | 1,417 | 2,172 | |||
Non-accruing Loans | 11 | 17 | ||||
Consumer And Other Loans [Member] | 30-59 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 50 | 15 | ||||
Consumer And Other Loans [Member] | 60-89 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 7 | 10 | ||||
Consumer And Other Loans [Member] | 90+ Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 5 | |||||
Total Real Estate Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 751,247 | 742,941 | ||||
Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | [1] | 124,973 | 106,694 | |||
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 560,045 | [1] | 555,625 | 474,898 | [1] | |
Total Real Estate Loans [Member] | Home Equities [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 66,229 | 66,234 | $ 61,593 | |||
Mortgages [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 1,954 | 1,558 | ||||
Current Balance | 120,864 | 116,984 | ||||
Total | 122,818 | 118,542 | ||||
Non-accruing Loans | 846 | 862 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | 30-59 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 1,225 | 868 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | 60-89 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 70 | 123 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | 90+ Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 659 | 567 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 17,559 | 10,198 | ||||
Current Balance | 446,729 | 452,187 | ||||
Total | 464,288 | 462,385 | ||||
90+ Days Accruing | 483 | |||||
Non-accruing Loans | 3,174 | 1,874 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | 30-59 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 15,249 | 6,319 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | 60-89 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 213 | 1,522 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | 90+ Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 2,097 | 2,357 | ||||
Construction [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Current Balance | 2,155 | 2,540 | ||||
Total | 2,155 | 2,540 | ||||
Construction [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 8,306 | 4,674 | ||||
Current Balance | 87,451 | 88,566 | ||||
Total | 95,757 | 93,240 | ||||
90+ Days Accruing | 239 | |||||
Non-accruing Loans | 4,179 | 4,178 | ||||
Construction [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | 30-59 Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | 4,127 | 257 | ||||
Construction [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | 90+ Days [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total Past Due | $ 4,179 | $ 4,417 | ||||
[1] | Includes construction loans |
Loans And The Allowance For L42
Loans And The Allowance For Loan Losses (Schedule Of Allowance For Loan Losses According To Portfolio Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | |||||||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Allowance for loan losses: Beginning balance | $ 13,916 | $ 12,883 | ||||||
Allowance for loan losses: Charge-offs | (61) | (20) | ||||||
Allowance for loan losses: Recoveries | 159 | 48 | ||||||
Allowance for loan losses: Provision (Credit) | (435) | 208 | ||||||
Allowance for loan losses: Ending balance | 13,579 | 13,119 | ||||||
Allowance for loan losses: Individually evaluated for impairment | $ 2,015 | $ 1,693 | ||||||
Allowance for loan losses: Collectively evaluated for impairment | 11,564 | 11,426 | ||||||
Allowance for loan losses: Total | 13,916 | 12,883 | 13,579 | $ 13,916 | 13,119 | |||
Loans: Individually evaluated for impairment | 19,550 | 19,542 | ||||||
Loans: Collectively evaluated for impairment | 925,082 | 776,628 | ||||||
Total | 944,632 | 941,729 | 796,170 | |||||
Net deferred loan origination costs | 951 | 783 | 603 | |||||
Total Real Estate Loans [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Total | 751,247 | 742,941 | ||||||
Commercial And Industrial [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Allowance for loan losses: Beginning balance | 4,813 | 4,383 | ||||||
Allowance for loan losses: Charge-offs | (33) | (13) | ||||||
Allowance for loan losses: Recoveries | 147 | 7 | ||||||
Allowance for loan losses: Provision (Credit) | (964) | 203 | ||||||
Allowance for loan losses: Ending balance | 3,963 | 4,580 | ||||||
Allowance for loan losses: Individually evaluated for impairment | 253 | 516 | ||||||
Allowance for loan losses: Collectively evaluated for impairment | 3,710 | 4,064 | ||||||
Allowance for loan losses: Total | 4,813 | 4,383 | 3,963 | 4,813 | 4,580 | |||
Loans: Individually evaluated for impairment | 2,786 | 5,382 | ||||||
Loans: Collectively evaluated for impairment | 189,255 | 145,431 | ||||||
Total | 192,041 | 197,371 | 150,813 | |||||
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Allowance for loan losses: Beginning balance | [1] | 7,890 | 7,135 | |||||
Allowance for loan losses: Charge-offs | [1] | |||||||
Allowance for loan losses: Recoveries | [1] | 38 | ||||||
Allowance for loan losses: Provision (Credit) | [1] | 308 | 269 | |||||
Allowance for loan losses: Ending balance | [1] | 8,198 | 7,442 | |||||
Allowance for loan losses: Individually evaluated for impairment | [1] | 1,716 | 1,134 | |||||
Allowance for loan losses: Collectively evaluated for impairment | [1] | 6,482 | 6,308 | |||||
Allowance for loan losses: Total | [1] | 7,890 | 7,135 | 8,198 | 7,890 | 7,442 | ||
Loans: Individually evaluated for impairment | [1] | 12,473 | 10,092 | |||||
Loans: Collectively evaluated for impairment | [1] | 547,572 | 464,806 | |||||
Total | 560,045 | [1] | 555,625 | 474,898 | [1] | |||
Consumer And Other Loans [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Allowance for loan losses: Beginning balance | 96 | 85 | ||||||
Allowance for loan losses: Charge-offs | (28) | (7) | ||||||
Allowance for loan losses: Recoveries | 12 | 3 | ||||||
Allowance for loan losses: Provision (Credit) | 55 | 12 | ||||||
Allowance for loan losses: Ending balance | 135 | 93 | ||||||
Allowance for loan losses: Individually evaluated for impairment | 36 | 41 | ||||||
Allowance for loan losses: Collectively evaluated for impairment | 99 | 52 | ||||||
Allowance for loan losses: Total | 96 | 85 | 135 | 96 | 93 | |||
Loans: Individually evaluated for impairment | 36 | 41 | ||||||
Loans: Collectively evaluated for impairment | 1,308 | 2,131 | ||||||
Total | 1,344 | 1,417 | 2,172 | |||||
Residential Real Estate [Member] | Total Real Estate Loans [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Allowance for loan losses: Beginning balance | [1] | 769 | 909 | |||||
Allowance for loan losses: Charge-offs | [1] | |||||||
Allowance for loan losses: Recoveries | [1] | |||||||
Allowance for loan losses: Provision (Credit) | [1] | 150 | (213) | |||||
Allowance for loan losses: Ending balance | [1] | 919 | 696 | |||||
Allowance for loan losses: Individually evaluated for impairment | [1] | 1 | 2 | |||||
Allowance for loan losses: Collectively evaluated for impairment | [1] | 918 | 694 | |||||
Allowance for loan losses: Total | [1] | 769 | 909 | 919 | 769 | 696 | ||
Loans: Individually evaluated for impairment | [1] | 2,561 | 2,482 | |||||
Loans: Collectively evaluated for impairment | [1] | 122,412 | 104,212 | |||||
Total | [1] | 124,973 | 106,694 | |||||
Home Equities [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Total | 66,229 | 66,234 | ||||||
Home Equities [Member] | Total Real Estate Loans [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Allowance for loan losses: Beginning balance | 348 | 371 | ||||||
Allowance for loan losses: Charge-offs | ||||||||
Allowance for loan losses: Recoveries | ||||||||
Allowance for loan losses: Provision (Credit) | 16 | (63) | ||||||
Allowance for loan losses: Ending balance | 364 | 308 | ||||||
Allowance for loan losses: Individually evaluated for impairment | 9 | |||||||
Allowance for loan losses: Collectively evaluated for impairment | 355 | 308 | ||||||
Allowance for loan losses: Total | $ 348 | $ 371 | 364 | 348 | 308 | |||
Loans: Individually evaluated for impairment | 1,694 | 1,545 | ||||||
Loans: Collectively evaluated for impairment | 64,535 | 60,048 | ||||||
Total | $ 66,229 | $ 66,234 | $ 61,593 | |||||
[1] | Includes construction loans |
Loans And The Allowance For L43
Loans And The Allowance For Loan Losses (Data, At Class Level, Of Impaired Loans) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | ||
Impaired Loans, Recorded Investment, With no related allowance recorded | $ 7,730 | $ 7,756 |
Impaired Loans, Recorded Investment, With a related allowance recorded | 11,820 | 7,385 |
Impaired Loans, Recorded Investment, Total | 19,550 | 15,141 |
Impaired Loans, Unpaid Principal Balance, With no related allowance recorded | 8,179 | 8,370 |
Impaired Loans, Unpaid Principal Balance, With a related allowance recorded | 12,144 | 7,543 |
Impaired Loans, Unpaid Principal Balance, Total | 20,323 | 15,913 |
Impaired Loans, Related Allowance | 2,015 | 2,027 |
Impaired Loans, Average Recorded Investment, With no related allowance recorded | 7,837 | 8,188 |
Impaired Loans, Average Recorded Investment, With a related allowance recorded | 11,866 | 7,452 |
Impaired Loans, Average Recorded Investment, Total | 19,703 | 15,640 |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 81 | 250 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 90 | 320 |
Impaired Loans, Interest Income Foregone, Total | 171 | 570 |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 45 | 276 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 56 | 58 |
Impaired Loans, Interest Income Recognized, Total | 101 | 334 |
Commercial And Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Loans, Recorded Investment, With no related allowance recorded | 1,176 | 1,304 |
Impaired Loans, Recorded Investment, With a related allowance recorded | 1,610 | 1,844 |
Impaired Loans, Recorded Investment, Total | 2,786 | 3,148 |
Impaired Loans, Unpaid Principal Balance, With no related allowance recorded | 1,279 | 1,604 |
Impaired Loans, Unpaid Principal Balance, With a related allowance recorded | 1,853 | 1,913 |
Impaired Loans, Unpaid Principal Balance, Total | 3,132 | 3,517 |
Impaired Loans, Related Allowance | 253 | 492 |
Impaired Loans, Average Recorded Investment, With no related allowance recorded | 1,183 | 1,455 |
Impaired Loans, Average Recorded Investment, With a related allowance recorded | 1,654 | 1,898 |
Impaired Loans, Average Recorded Investment, Total | 2,837 | 3,353 |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 23 | 125 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 24 | 62 |
Impaired Loans, Interest Income Foregone, Total | 47 | 187 |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 5 | 51 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 2 | 53 |
Impaired Loans, Interest Income Recognized, Total | 7 | 104 |
Consumer And Other Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Loans, Recorded Investment, With no related allowance recorded | ||
Impaired Loans, Recorded Investment, With a related allowance recorded | 36 | 43 |
Impaired Loans, Recorded Investment, Total | 36 | 43 |
Impaired Loans, Unpaid Principal Balance, With no related allowance recorded | ||
Impaired Loans, Unpaid Principal Balance, With a related allowance recorded | 62 | 68 |
Impaired Loans, Unpaid Principal Balance, Total | 62 | 68 |
Impaired Loans, Related Allowance | 36 | 43 |
Impaired Loans, Average Recorded Investment, With no related allowance recorded | ||
Impaired Loans, Average Recorded Investment, With a related allowance recorded | 37 | 45 |
Impaired Loans, Average Recorded Investment, Total | 37 | 45 |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | ||
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 1 | 3 |
Impaired Loans, Interest Income Foregone, Total | 1 | 3 |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | ||
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 1 | 3 |
Impaired Loans, Interest Income Recognized, Total | 1 | 3 |
Total Real Estate Loans [Member] | Residential Real Estate [Member] | Mortgages [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Loans, Recorded Investment, With no related allowance recorded | 2,491 | 2,513 |
Impaired Loans, Recorded Investment, With a related allowance recorded | 70 | 71 |
Impaired Loans, Recorded Investment, Total | 2,561 | 2,584 |
Impaired Loans, Unpaid Principal Balance, With no related allowance recorded | 2,697 | 2,720 |
Impaired Loans, Unpaid Principal Balance, With a related allowance recorded | 72 | 72 |
Impaired Loans, Unpaid Principal Balance, Total | 2,769 | 2,792 |
Impaired Loans, Related Allowance | 1 | 1 |
Impaired Loans, Average Recorded Investment, With no related allowance recorded | 2,493 | 2,542 |
Impaired Loans, Average Recorded Investment, With a related allowance recorded | 70 | 72 |
Impaired Loans, Average Recorded Investment, Total | 2,563 | 2,614 |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 9 | 39 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 1 | 2 |
Impaired Loans, Interest Income Foregone, Total | 10 | 41 |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 17 | 78 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 1 | |
Impaired Loans, Interest Income Recognized, Total | 17 | 79 |
Total Real Estate Loans [Member] | Residential Real Estate [Member] | Construction [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Loans, Recorded Investment, With no related allowance recorded | ||
Impaired Loans, Recorded Investment, With a related allowance recorded | ||
Impaired Loans, Recorded Investment, Total | ||
Impaired Loans, Unpaid Principal Balance, With no related allowance recorded | ||
Impaired Loans, Unpaid Principal Balance, With a related allowance recorded | ||
Impaired Loans, Unpaid Principal Balance, Total | ||
Impaired Loans, Related Allowance | ||
Impaired Loans, Average Recorded Investment, With no related allowance recorded | ||
Impaired Loans, Average Recorded Investment, With a related allowance recorded | ||
Impaired Loans, Average Recorded Investment, Total | ||
Impaired Loans, Interest Income Foregone, With no related allowance recorded | ||
Impaired Loans, Interest Income Foregone, With a related allowance recorded | ||
Impaired Loans, Interest Income Foregone, Total | ||
Impaired Loans, Interest Income Recognized, With no related allowance recorded | ||
Impaired Loans, Interest Income Recognized, With a related allowance recorded | ||
Impaired Loans, Interest Income Recognized, Total | ||
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | Mortgages [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Loans, Recorded Investment, With no related allowance recorded | 2,452 | 2,123 |
Impaired Loans, Recorded Investment, With a related allowance recorded | 5,843 | 1,054 |
Impaired Loans, Recorded Investment, Total | 8,295 | 3,177 |
Impaired Loans, Unpaid Principal Balance, With no related allowance recorded | 2,506 | 2,168 |
Impaired Loans, Unpaid Principal Balance, With a related allowance recorded | 5,871 | 1,083 |
Impaired Loans, Unpaid Principal Balance, Total | 8,377 | 3,251 |
Impaired Loans, Related Allowance | 541 | 296 |
Impaired Loans, Average Recorded Investment, With no related allowance recorded | 2,534 | 2,181 |
Impaired Loans, Average Recorded Investment, With a related allowance recorded | 5,843 | 1,062 |
Impaired Loans, Average Recorded Investment, Total | 8,377 | 3,243 |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 34 | 33 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 13 | 50 |
Impaired Loans, Interest Income Foregone, Total | 47 | 83 |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 19 | 89 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 53 | |
Impaired Loans, Interest Income Recognized, Total | 72 | 89 |
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | Construction [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Loans, Recorded Investment, With no related allowance recorded | 257 | |
Impaired Loans, Recorded Investment, With a related allowance recorded | 4,178 | 4,179 |
Impaired Loans, Recorded Investment, Total | 4,178 | 4,436 |
Impaired Loans, Unpaid Principal Balance, With no related allowance recorded | 257 | |
Impaired Loans, Unpaid Principal Balance, With a related allowance recorded | 4,201 | 4,201 |
Impaired Loans, Unpaid Principal Balance, Total | 4,201 | 4,458 |
Impaired Loans, Related Allowance | 1,175 | 1,175 |
Impaired Loans, Average Recorded Investment, With no related allowance recorded | 404 | |
Impaired Loans, Average Recorded Investment, With a related allowance recorded | 4,179 | 4,180 |
Impaired Loans, Average Recorded Investment, Total | 4,179 | 4,584 |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 2 | |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 50 | 194 |
Impaired Loans, Interest Income Foregone, Total | 50 | 196 |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 28 | |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | ||
Impaired Loans, Interest Income Recognized, Total | 28 | |
Total Real Estate Loans [Member] | Home Equities [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired Loans, Recorded Investment, With no related allowance recorded | 1,611 | 1,559 |
Impaired Loans, Recorded Investment, With a related allowance recorded | 83 | 194 |
Impaired Loans, Recorded Investment, Total | 1,694 | 1,753 |
Impaired Loans, Unpaid Principal Balance, With no related allowance recorded | 1,697 | 1,621 |
Impaired Loans, Unpaid Principal Balance, With a related allowance recorded | 85 | 206 |
Impaired Loans, Unpaid Principal Balance, Total | 1,782 | 1,827 |
Impaired Loans, Related Allowance | 9 | 20 |
Impaired Loans, Average Recorded Investment, With no related allowance recorded | 1,627 | 1,606 |
Impaired Loans, Average Recorded Investment, With a related allowance recorded | 83 | 195 |
Impaired Loans, Average Recorded Investment, Total | 1,710 | 1,801 |
Impaired Loans, Interest Income Foregone, With no related allowance recorded | 15 | 51 |
Impaired Loans, Interest Income Foregone, With a related allowance recorded | 1 | 9 |
Impaired Loans, Interest Income Foregone, Total | 16 | 60 |
Impaired Loans, Interest Income Recognized, With no related allowance recorded | 4 | 30 |
Impaired Loans, Interest Income Recognized, With a related allowance recorded | 1 | |
Impaired Loans, Interest Income Recognized, Total | $ 4 | $ 31 |
Loans And The Allowance For L44
Loans And The Allowance For Loan Losses (Schedule Of Non-Performing Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | $ 944,632 | $ 941,729 | $ 796,170 | |||
Commercial And Industrial [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 192,041 | 197,371 | 150,813 | |||
Home Equities [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 66,229 | 66,234 | ||||
Consumer And Other Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 1,344 | 1,417 | 2,172 | |||
Non-Performing Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total non-accruing loans | 12,213 | 11,298 | ||||
Accruing loans 90+ days past due | 72 | 722 | ||||
Total | $ 12,285 | $ 12,020 | ||||
Total non-performing loans to total assets | 1.08% | 1.09% | ||||
Total non-performing loans to total loans | 1.30% | 1.28% | ||||
Non-Performing Loans [Member] | Commercial And Industrial [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total non-accruing loans | $ 2,771 | $ 3,106 | ||||
Non-Performing Loans [Member] | Consumer And Other Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total non-accruing loans | 11 | 17 | ||||
Total Real Estate Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 751,247 | 742,941 | ||||
Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | [1] | 124,973 | 106,694 | |||
Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 560,045 | [1] | 555,625 | 474,898 | [1] | |
Total Real Estate Loans [Member] | Home Equities [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 66,229 | 66,234 | $ 61,593 | |||
Total Real Estate Loans [Member] | Non-Performing Loans [Member] | Home Equities [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total non-accruing loans | 1,232 | 1,261 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 122,818 | 118,542 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 464,288 | 462,385 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Non-Performing Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total non-accruing loans | 846 | 862 | ||||
Mortgages [Member] | Total Real Estate Loans [Member] | Non-Performing Loans [Member] | Commercial Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total non-accruing loans | 3,174 | 1,874 | ||||
Construction [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 2,155 | 2,540 | ||||
Construction [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total | 95,757 | 93,240 | ||||
Construction [Member] | Total Real Estate Loans [Member] | Non-Performing Loans [Member] | Residential Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total non-accruing loans | ||||||
Construction [Member] | Total Real Estate Loans [Member] | Non-Performing Loans [Member] | Commercial Real Estate [Member] | ||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||
Total non-accruing loans | $ 4,179 | $ 4,178 | ||||
[1] | Includes construction loans |
Loans And The Allowance For L45
Loans And The Allowance For Loan Losses (Loans Classified As Troubled Debt Restructurings) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Modifications [Line Items] | ||
Total | $ 9,055 | $ 5,090 |
Related Allowance | 439 | 174 |
Commercial And Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 729 | 574 |
Related Allowance | 168 | 147 |
Consumer And Other Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 26 | 26 |
Related Allowance | 26 | 26 |
Nonaccruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 1,718 | 1,247 |
Nonaccruing [Member] | Commercial And Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 714 | 532 |
Nonaccruing [Member] | Consumer And Other Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | ||
Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 7,337 | 3,843 |
Accruing [Member] | Commercial And Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 15 | 42 |
Accruing [Member] | Consumer And Other Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 26 | 26 |
Total Real Estate Loans [Member] | Home Equities [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 638 | 667 |
Related Allowance | 1 | |
Total Real Estate Loans [Member] | Nonaccruing [Member] | Home Equities [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 177 | 175 |
Total Real Estate Loans [Member] | Accruing [Member] | Home Equities [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 461 | 492 |
Mortgages [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 1,949 | 1,949 |
Related Allowance | ||
Mortgages [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 5,713 | 1,617 |
Related Allowance | 245 | |
Mortgages [Member] | Total Real Estate Loans [Member] | Nonaccruing [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 235 | 227 |
Mortgages [Member] | Total Real Estate Loans [Member] | Nonaccruing [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 592 | 313 |
Mortgages [Member] | Total Real Estate Loans [Member] | Accruing [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 1,714 | 1,722 |
Mortgages [Member] | Total Real Estate Loans [Member] | Accruing [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 5,121 | 1,304 |
Construction [Member] | Total Real Estate Loans [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | ||
Related Allowance | ||
Construction [Member] | Total Real Estate Loans [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | 257 | |
Related Allowance | ||
Construction [Member] | Total Real Estate Loans [Member] | Nonaccruing [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | ||
Construction [Member] | Total Real Estate Loans [Member] | Nonaccruing [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | ||
Construction [Member] | Total Real Estate Loans [Member] | Accruing [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | ||
Construction [Member] | Total Real Estate Loans [Member] | Accruing [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total | $ 257 |
Loans And The Allowance For L46
Loans And The Allowance For Loan Losses (TDR Activity By Type Of Concession Granted To Borrower) (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($)contract | Mar. 31, 2016USD ($)contract | |
Total Real Estate Loans [Member] | Extension Of Maturity [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 95 | |
Post-Modification Outstanding Recorded Investment | $ 95 | |
Commercial And Industrial [Member] | Extension Of Maturity [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 24 | |
Post-Modification Outstanding Recorded Investment | $ 24 | |
Commercial And Industrial [Member] | Term-Out Line Of Credit [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 180 | $ 20 |
Post-Modification Outstanding Recorded Investment | $ 180 | $ 20 |
Commercial Real Estate [Member] | Total Real Estate Loans [Member] | Extension Of Maturity [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | contract | 3 | |
Pre-Modification Outstanding Recorded Investment | $ 5,073 | |
Post-Modification Outstanding Recorded Investment | $ 5,073 |
Common Equity And Earnings Pe47
Common Equity And Earnings Per Share Data (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | |
Jan. 31, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | |
Common Equity And Earnings Per Share Data [Abstract] | |||
Potentially dilutive shares of common stock | 122,966 | 64,925 | |
Anti-dilutive shares | 24,990 | 49,550 | |
Common stock shares issued | 440,000 | 440,000 | |
Price per share | $ 35 | ||
Netted additional capital after expenses | $ 14,000 | $ 14,142 |
Other Comprehensive Income (Sch
Other Comprehensive Income (Schedule Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | $ (2,424) | $ (1,810) |
Net Change | 250 | 689 |
Ending Balance | (2,174) | (1,121) |
Net Unrealized (Loss) Gain On Investment Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | (365) | 475 |
Net Change | 187 | 649 |
Ending Balance | (178) | 1,124 |
Net Defined Benefit Pension Plan Adjustments [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning Balance | (2,059) | (2,285) |
Net Change | 63 | 40 |
Ending Balance | $ (1,996) | $ (2,245) |
Other Comprehensive Income (Com
Other Comprehensive Income (Components Of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Unrealized gain on investment securities: | |||
Unrealized gain on investment securities, Before-Tax Amount | $ 296 | $ 1,047 | |
Defined benefit pension plan adjustments: | |||
Amortization of prior service cost, Before-Tax Amount | [1] | 8 | 8 |
Amortization of actuarial loss, Before-Tax Amount | [1] | 43 | 56 |
Net change, Before-Tax Amount | 51 | 64 | |
Other Comprehensive Income (Loss), Before-Tax Amount | 347 | 1,111 | |
Unrealized gain (loss) on investment securities, Income Tax (Provision) Benefit | (109) | (398) | |
Amortization of prior service cost, Income Tax (Provision) Benefit | [1] | 2 | (3) |
Amortization of actuarial loss, Income Tax (Provision) Benefit | [1] | 10 | (21) |
Net change, Income Tax (Provision) Benefit | 12 | (24) | |
Other Comprehensive Income (Loss), Income Tax (Provision) Benefit | (97) | (422) | |
Unrealized gain (loss) on investment securities, Net-of-Tax Amount | 187 | 649 | |
Amortization of prior service cost, Net-of-Tax Amount | [1] | 10 | 5 |
Amortization of actuarial loss, Net-of-Tax Amount | [1] | 53 | 35 |
Net change, Net-of-Tax Amount | 63 | 40 | |
OTHER COMPREHENSIVE INCOME, NET OF TAX | $ 250 | $ 689 | |
Federal income tax rate | 35.00% | 34.00% | |
[1] | Included in net periodic pension cost, as described in Note 9 - "Net Periodic Benefit Costs" |
Segment Information (Schedule O
Segment Information (Schedule Of Business Segments) (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($)segment | Mar. 31, 2016USD ($) | |
Number of primary business segments | segment | 2 | |
Net interest income (expense) | $ 9,644 | $ 8,260 |
(Credit) Provision for loan losses | (435) | 208 |
Net interest income (expense) after provision for loan losses | 10,079 | 8,052 |
Non-interest income | 3,522 | 2,994 |
Insurance service and fees | 2,168 | 1,748 |
Amortization expense | 28 | |
Non-interest expense | 9,055 | 8,528 |
Income before income taxes | 4,546 | 2,518 |
Income tax provision (benefit) | 1,400 | 804 |
Net income | 3,146 | 1,714 |
Operating Segments [Member] | ||
Net interest income (expense) | 9,644 | 8,260 |
(Credit) Provision for loan losses | (435) | 208 |
Net interest income (expense) after provision for loan losses | 10,079 | 8,052 |
Non-interest income | 1,354 | 1,246 |
Insurance service and fees | 2,168 | 1,748 |
Amortization expense | 28 | |
Non-interest expense | 9,027 | 8,528 |
Income before income taxes | 4,546 | 2,518 |
Income tax provision (benefit) | 1,400 | 804 |
Net income | 3,146 | 1,714 |
Banking Activities [Member] | Operating Segments [Member] | ||
Net interest income (expense) | 9,670 | 8,291 |
(Credit) Provision for loan losses | (435) | 208 |
Net interest income (expense) after provision for loan losses | 10,105 | 8,083 |
Non-interest income | 1,354 | 1,246 |
Insurance service and fees | 109 | 116 |
Non-interest expense | 7,647 | 7,327 |
Income before income taxes | 3,921 | 2,118 |
Income tax provision (benefit) | 1,159 | 650 |
Net income | 2,762 | 1,468 |
Insurance Agency Activities [Member] | Operating Segments [Member] | ||
Net interest income (expense) | (26) | (31) |
Net interest income (expense) after provision for loan losses | (26) | (31) |
Insurance service and fees | 2,059 | 1,632 |
Amortization expense | 28 | |
Non-interest expense | 1,380 | 1,201 |
Income before income taxes | 625 | 400 |
Income tax provision (benefit) | 241 | 154 |
Net income | $ 384 | $ 246 |
Contingent Liabilities And Co51
Contingent Liabilities And Commitments (Narrative) (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Contingent Liabilities And Commitments [Abstract] | ||
Losses on commitments | $ 0 | $ 0 |
Contingent Liabilities And Co52
Contingent Liabilities And Commitments (Summary Of Commitments And Contingent Liabilities) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loss Contingencies [Line Items] | ||
Commitments and contingent liabilities | $ 207,858 | $ 221,317 |
Commitments To Extend Credit [Member] | ||
Loss Contingencies [Line Items] | ||
Commitments and contingent liabilities | 203,354 | 217,581 |
Standby Letters Of Credit [Member] | ||
Loss Contingencies [Line Items] | ||
Commitments and contingent liabilities | $ 4,504 | $ 3,736 |
Net Periodic Benefit Costs (Sch
Net Periodic Benefit Costs (Schedule Of Net Periodic Cost) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Contributions to defined benefit pension plan | $ 0 | |
Pension Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Interest cost | 54 | $ 55 |
Expected return on plan assets | (69) | (65) |
Amortization of the net loss | 23 | 22 |
Net periodic cost (benefit) | 8 | 12 |
Supplemental Executive Retirement Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 42 | 47 |
Interest cost | 34 | 36 |
Amortization of prior service cost | 8 | 8 |
Amortization of the net loss | 20 | 34 |
Net periodic cost (benefit) | $ 104 | $ 125 |
Recent Accounting Pronounceme54
Recent Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Tax benefit | $ 1,400 | $ 804 |
ASU 2016-09 [Member] | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Tax benefit | $ 100 |