Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 08, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | EMCLAIRE FINANCIAL CORP | |
Entity Central Index Key | 858,800 | |
Trading Symbol | emcf | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 2,690,312 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 2,776,000 | $ 3,072,000 |
Interest earning deposits with banks | 19,904,000 | 11,302,000 |
Cash and cash equivalents | 22,680,000 | 14,374,000 |
Securities-available for sale | 97,509,000 | 99,350,000 |
Securities-equity investments | 473,000 | 1,817,000 |
Loans held for sale | 120,000 | 504,000 |
Loans receivable, net of allowance for loan losses of $6,360 and $6,127 | 592,125,000 | 577,234,000 |
Federal bank stocks, at cost | 4,466,000 | 4,662,000 |
Bank-owned life insurance | 11,974,000 | 11,724,000 |
Accrued interest receivable | 2,302,000 | 2,217,000 |
Premises and equipment, net | 17,722,000 | 18,010,000 |
Goodwill | 10,288,000 | 10,288,000 |
Core deposit intangible, net | 278,000 | 481,000 |
Prepaid expenses and other assets | 12,867,000 | 9,423,000 |
Total Assets | 772,804,000 | 750,084,000 |
Deposits: | ||
Non-interest bearing | 133,311,000 | 126,263,000 |
Interest bearing | 549,050,000 | 528,380,000 |
Total deposits | 682,361,000 | 654,643,000 |
Short-term borrowed funds | 2,050,000 | 2,500,000 |
Long-term borrowed funds | 17,750,000 | 23,500,000 |
Accrued interest payable | 460,000 | 413,000 |
Accrued expenses and other liabilities | 10,573,000 | 9,937,000 |
Total Liabilities | 713,194,000 | 690,993,000 |
Commitments and Contingent Liabilities | ||
Stockholders' Equity: | ||
Common stock, $1.25 par value, 12,000,000 shares authorized; 2,373,156 and 2,373,156 shares issued; 2,271,139 and 2,271,139 shares outstanding, respectively | 2,966,000 | 2,966,000 |
Additional paid-in capital | 31,218,000 | 31,031,000 |
Treasury stock, at cost; 102,017 shares | (2,114,000) | (2,114,000) |
Retained earnings | 34,940,000 | 32,726,000 |
Accumulated other comprehensive loss | (7,400,000) | (5,518,000) |
Total Stockholders' Equity | 59,610,000 | 59,091,000 |
Total Liabilities and Stockholders' Equity | $ 772,804,000 | $ 750,084,000 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Allowance for loan losses | $ 6,360 | $ 6,127 |
Common stock, par value (in dollars per share) | $ 1.25 | $ 1.25 |
Common stock, authorized (in shares) | 12,000,000 | 12,000,000 |
Common stock, issued (in shares) | 2,373,156 | 2,373,156 |
Common stock, outstanding (in shares) | 2,271,139 | 2,271,139 |
Treasury stock (in shares) | 102,017 | 102,017 |
Consolidated Statements of Net
Consolidated Statements of Net Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest and dividend income: | ||||
Loans receivable, including fees | $ 6,688,000 | $ 5,966,000 | $ 19,703,000 | $ 17,333,000 |
Securities: | ||||
Taxable | 464,000 | 421,000 | 1,312,000 | 1,208,000 |
Exempt from federal income tax | 137,000 | 134,000 | 430,000 | 418,000 |
Federal bank stocks | 65,000 | 64,000 | 221,000 | 179,000 |
Interest earning deposits with banks | 112,000 | 98,000 | 228,000 | 151,000 |
Total interest and dividend income | 7,466,000 | 6,683,000 | 21,894,000 | 19,289,000 |
Interest expense: | ||||
Deposits | 1,183,000 | 824,000 | 3,277,000 | 2,276,000 |
Borrowed funds | 142,000 | 322,000 | 440,000 | 954,000 |
Total interest expense | 1,325,000 | 1,146,000 | 3,717,000 | 3,230,000 |
Net interest income | 6,141,000 | 5,537,000 | 18,177,000 | 16,059,000 |
Provision for loan losses | 300,000 | 270,000 | 980,000 | 633,000 |
Net interest income after provision for loan losses | 5,841,000 | 5,267,000 | 17,197,000 | 15,426,000 |
Noninterest income: | ||||
Fees and service charges | 528,000 | 448,000 | 1,428,000 | 1,290,000 |
Net gain (loss) on sales of securities | (4,000) | (34,000) | 350,000 | |
Net gain on sales of loans | 35,000 | 46,000 | 60,000 | 176,000 |
Other than temporary impairment losses | (508,000) | |||
Earnings on bank-owned life insurance | 105,000 | 103,000 | 311,000 | 305,000 |
Gain on bargain purchase | 1,307,000 | 1,307,000 | ||
Other | 398,000 | 370,000 | 1,244,000 | 1,076,000 |
Total noninterest income | 1,062,000 | 2,274,000 | 3,009,000 | 3,996,000 |
Noninterest expense: | ||||
Compensation and employee benefits | 2,519,000 | 2,288,000 | 7,493,000 | 6,957,000 |
Premises and equipment | 736,000 | 718,000 | 2,264,000 | 2,203,000 |
Intangible asset amortization | 67,000 | 58,000 | 203,000 | 177,000 |
Professional fees | 243,000 | 157,000 | 712,000 | 575,000 |
Federal deposit insurance | 103,000 | 115,000 | 391,000 | 325,000 |
Acquisition costs | 677,000 | 963,000 | 1,036,000 | 1,069,000 |
Other | 1,210,000 | 1,143,000 | 3,437,000 | 3,434,000 |
Total noninterest expense | 5,555,000 | 5,442,000 | 15,536,000 | 14,740,000 |
Income before provision for income taxes | 1,348,000 | 2,099,000 | 4,670,000 | 4,682,000 |
Provision for income taxes | 187,000 | 392,000 | 735,000 | 978,000 |
Net income | 1,161,000 | 1,707,000 | 3,935,000 | 3,704,000 |
Preferred stock dividends | ||||
Net income available to common stockholders | $ 1,161,000 | $ 1,707,000 | $ 3,935,000 | $ 3,704,000 |
Basic earnings per common share (in dollars per share) | $ 0.51 | $ 0.77 | $ 1.73 | $ 1.70 |
Diluted earnings per common share (in dollars per share) | $ 0.51 | $ 0.77 | $ 1.72 | $ 1.69 |
Average common shares outstanding - basic (in shares) | 2,271,139 | 2,204,949 | 2,271,139 | 2,174,210 |
Average common shares outstanding - diluted (in shares) | 2,291,286 | 2,220,420 | 2,288,723 | 2,190,647 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income | $ 1,161 | $ 1,707 | $ 3,935 | $ 3,704 |
Unrealized gains/(losses) on securities: | ||||
Unrealized holding gain/(loss) arising during the period | (566) | 232 | (2,180) | 638 |
Reclassification adjustment for (gains) losses included in net income | 4 | 34 | (350) | |
Reclassification adjustment for other than temporary impairment losses included in net income | 508 | |||
Net period change | (562) | 232 | (2,146) | 796 |
Tax effect | 118 | (79) | 451 | (271) |
Net of tax | (444) | 153 | (1,695) | 525 |
Comprehensive income | $ 717 | $ 1,860 | $ 2,240 | $ 4,229 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities | ||
Net income | $ 3,935 | $ 3,704 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 862 | 864 |
Provision for loan losses | 980 | 633 |
Amortization of premiums, net | 309 | 367 |
Amortization of intangible assets and mortgage servicing rights | 244 | 213 |
Securities impairment loss recognized in earnings | 508 | |
Realized losses (gains) on sales of securities, net | 34 | (350) |
Net gains on sales of loans | (60) | (176) |
Net losses on foreclosed real estate | 40 | (10) |
Gain on sale of premises and equipment | (25) | |
Loans originated for sale | (4,241) | (4,266) |
Proceeds from the sale of loans originated for sale | 4,685 | 4,418 |
Write-down of foreclosed real estate | 11 | |
Stock compensation expense | 187 | 164 |
Increase in bank-owned life insurance, net | (250) | (249) |
Increase in accrued interest receivable | (85) | (310) |
(Increase) decrease in prepaid expenses and other assets | (2,959) | 1,265 |
Increase (decrease) in accrued interest payable | 47 | 154 |
Decrease in accrued expenses and other liabilities | 636 | 1,095 |
Gain on bargain purchase | (1,307) | |
Net cash provided by operating activities | 4,350 | 6,717 |
Cash flows from investing activities | ||
Loan originations and principal collections, net | (16,679) | (43,771) |
Purchase of residential mortgage loans | ||
Proceeds from sales of loans held for sale previously classified as portfolio loans | 1,817 | |
Settlement of syndicated national credits | ||
Sales | 12,683 | 18,195 |
Maturities, repayments and calls | 6,822 | 7,818 |
Purchases | (18,645) | (25,163) |
Net cash paid for acquisition | 2,517 | |
Redemption of federal bank stocks | 196 | (34) |
Proceeds from the sale of bank premises and equipment | 155 | |
Proceeds from the sale of foreclosed real estate | 388 | 144 |
Purchases of premises and equipment | (574) | (279) |
Net cash used in investing activities | (15,654) | (38,756) |
Cash flows from financing activities | ||
Net increase in deposits | 27,718 | 57,864 |
Repayments on long-term debt | (5,750) | (750) |
Proceeds from other long-term debt | 5,000 | |
Net change in short-term borrowings | (450) | (7,000) |
Proceeds from exercise of stock options | 1,376 | |
Dividends paid | (1,908) | (1,763) |
Net cash provided by financing activities | 19,610 | 54,727 |
Increase in cash and cash equivalents | 8,306 | 22,688 |
Cash and cash equivalents at beginning of period | 14,374 | 17,568 |
Cash and cash equivalents at end of period | 22,680 | 40,256 |
Supplemental information: | ||
Interest paid | 3,670 | 3,070 |
Income taxes paid | 560 | 875 |
Supplemental noncash disclosure: | ||
Transfers from loans to foreclosed real estate | 526 | 272 |
Transfers from portfolio loans to loans held for sale | $ 1,725 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Previously Reported [Member]Common Stock [Member] | Previously Reported [Member]Additional Paid-in Capital [Member] | Previously Reported [Member]Treasury Stock [Member] | Previously Reported [Member]Retained Earnings [Member] | Previously Reported [Member]AOCI Attributable to Parent [Member] | Previously Reported [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Beginning balance at Dec. 31, 2016 | $ 2,818 | $ 27,900 | $ (2,114) | $ 29,960 | $ (4,491) | $ 54,073 | ||||||
Net income | 3,704 | 3,704 | ||||||||||
Other comprehensive income (loss) | 525 | 525 | ||||||||||
Stock compensation expense | 164 | 164 | ||||||||||
Exercise of stock options (53,586 shares) | 67 | 1,309 | 1,376 | |||||||||
Issuance of common stock | 73 | 1,601 | 1,674 | |||||||||
Cash dividends declared on common stock | (1,763) | (1,763) | ||||||||||
Ending Balance at Sep. 30, 2017 | 2,958 | 30,974 | (2,114) | 31,901 | (3,966) | 59,753 | ||||||
Beginning balance at Jun. 30, 2017 | (4,119) | |||||||||||
Net income | 1,707 | |||||||||||
Other comprehensive income (loss) | 153 | 153 | ||||||||||
Ending Balance at Sep. 30, 2017 | 2,958 | 30,974 | (2,114) | 31,901 | (3,966) | 59,753 | ||||||
Beginning balance at Dec. 31, 2017 | $ 2,966 | $ 31,031 | $ (2,114) | $ 32,726 | $ (5,518) | $ 59,091 | 2,966 | 31,031 | (2,114) | 32,913 | (5,705) | 59,091 |
Net income | 3,935 | 3,935 | ||||||||||
Other comprehensive income (loss) | (1,695) | (1,695) | ||||||||||
Stock compensation expense | 187 | 187 | ||||||||||
Cash dividends declared on common stock | (1,908) | (1,908) | ||||||||||
Cumulative effect of change in accounting principle for marketable equity securities, net of tax at Dec. 31, 2017 | 187 | (187) | ||||||||||
Ending Balance at Sep. 30, 2018 | 2,966 | 31,218 | (2,114) | 34,940 | (7,400) | 59,610 | ||||||
Beginning balance at Jun. 30, 2018 | (6,956) | |||||||||||
Net income | 1,161 | |||||||||||
Other comprehensive income (loss) | (444) | (444) | ||||||||||
Ending Balance at Sep. 30, 2018 | $ 2,966 | $ 31,218 | $ (2,114) | $ 34,940 | $ (7,400) | $ 59,610 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Issuance of common stock (in shares) | 58,445 | |
Cash dividend per common share (in dollars per share) | $ 0.84 | $ 0.81 |
Note 1 - Nature of Operations a
Note 1 - Nature of Operations and Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Nature of Operations and Basis of Presentation Emclaire Financial Corp (the Corporation) is a Pennsylvania corporation and the holding company of The Farmers National Bank of Emlenton (the Bank) and Emclaire Settlement Services, LLC (the Title Company). The Corporation provides a variety of financial services to individuals and businesses through its offices in western Pennsylvania and northern West Virginia. Its primary deposit products are checking, savings and term certificate accounts and its primary lending products are residential and commercial mortgages, commercial business loans and consumer loans. The consolidated financial statements include the accounts of the Corporation and its wholly owned subsidiaries, the Bank and the Title Company. All significant intercompany transactions and balances have been eliminated in preparing the consolidated financial statements. The accompanying unaudited consolidated financial statements for the interim periods include all adjustments, consisting of normal recurring accruals, which are necessary, in the opinion of management, to fairly reflect the Corporation’s consolidated financial position and results of operations. Additionally, these consolidated financial statements for the interim periods have been prepared in accordance with instructions for the Securities and Exchange Commission’s (SEC’s) Form 10 10 X not December 31, 2017, 10 December 31, 2017 The balance sheet at December 31, 2017 not The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The results of operations for interim quarterly or year-to-date periods are not may may |
Note 2 - Mergers and Acquisitio
Note 2 - Mergers and Acquisitions | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 2. Mergers and Acquisitions On October 1, 2018, Under the terms of the merger agreement, Community First merged into the Corporation and shareholders of Community First received 1.2008 $6.95 $15.6 $2.4 The transaction added total consolidated assets, loans and deposits of approximately $121.0 $111.6 $106.5 three nine $677,000 $1.0 $2.6 fourth not |
Note 3 - Earnings Per Common Sh
Note 3 - Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 3. Earnings per Common Share Basic earnings per common share (EPS) excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS includes the dilutive effect of additional potential common shares for assumed issuance of restricted stock and shares issued under stock options. The factors used in the Corporation’s earnings per common share computation follow: (Dollar amounts in thousands, except for per share amounts) For the three months ended For the nine months ended September 30, September 30, 2018 2017 2018 2017 Earnings per common share - basic Net income $ 1,161 $ 1,707 $ 3,935 $ 3,704 Less: Preferred stock dividends - - - - Net income available to common stockholders $ 1,161 $ 1,707 $ 3,935 $ 3,704 Average common shares outstanding 2,271,139 2,204,949 2,271,139 2,174,210 Basic earnings per common share $ 0.51 $ 0.77 $ 1.73 $ 1.70 Earnings per common share - diluted Net income available to common stockholders $ 1,161 $ 1,707 $ 3,935 $ 3,704 Average common shares outstanding 2,271,139 2,204,949 2,271,139 2,174,210 Add: Dilutive effects of assumed issuance of restricted stock and exercise of stock options 20,147 15,471 17,584 16,437 Average shares and dilutive potential common shares 2,291,286 2,220,420 2,288,723 2,190,647 Diluted earnings per common share $ 0.51 $ 0.77 $ 1.72 $ 1.69 Stock options not considered in computing earnings per share because they were antidilutive - - - - |
Note 4 - Securities
Note 4 - Securities | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 4. Securities Equity Securities The Corporation held equity securities with fair values of $473,000 $1.8 September 30, 2018 December 31, 2017, January 1, 2018, 2016 01, three nine September 30, 2018, $1,000 $62,000, September 30, 2018. three September 30, 2018, not nine September 30, 2018, $1.2 $25,000. Debt Securities - Available for Sale The following table summarizes the Corporation’s debt securities as of September 30, 2018 December 31, 2017: (Dollar amounts in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale: September 30, 2018: U.S. Treasury and federal agency $ 4,534 $ - $ (139) $ 4,395 U.S. government sponsored entities and agencies 17,058 - (508) 16,550 U.S. agency mortgage-backed securities: residential 28,526 - (862) 27,664 U.S. agency collateralized mortgage obligations: residential 20,171 36 (1,002) 19,205 State and political subdivisions 22,943 3 (686) 22,260 Corporate debt securities 7,520 1 (86) 7,435 Total Securities available-for-sale $ 100,752 $ 40 $ (3,283) $ 97,509 December 31, 2017: U.S. Treasury and federal agency $ 4,541 $ - $ (69) $ 4,472 U.S. government sponsored entities and agencies 14,136 2 (212) 13,926 U.S. agency mortgage-backed securities: residential 20,904 7 (153) 20,758 U.S. agency collateralized mortgage obligations: residential 22,607 25 (708) 21,924 State and political subdivisions 29,249 87 (96) 29,240 Corporate debt securities 9,009 38 (17) 9,030 Total Securities available-for-sale $ 100,446 $ 159 $ (1,255) $ 99,350 The following table summarizes scheduled maturities of the Corporation’s debt securities as of September 30, 2018. may may not (Dollar amounts in thousands) Available for sale Amortized Fair Cost Value Due in one year or less $ 1,924 $ 1,912 Due after one year through five years 30,077 29,308 Due after five through ten years 15,305 14,803 Due after ten years 4,749 4,617 Mortgage-backed securities: residential 28,526 27,664 Collateralized mortgage obligations: residential 20,171 19,205 Total $ 100,752 $ 97,509 Information pertaining to debt securities with gross unrealized losses at September 30, 2018 December 31, 2017, (Dollar amounts in thousands) Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Loss Value Loss Value Loss September 30, 2018: U.S. Treasury and federal agency $ - $ - $ 4,395 $ (139) $ 4,395 $ (139) U.S. government sponsored entities and agencies 7,796 (134) 8,754 (374) 16,550 (508) U.S. agency mortgage-backed securities: residential 21,938 (600) 5,726 (262) 27,664 (862) U.S. agency collateralized mortgage obligations: residential 1,500 (5) 15,870 (997) 17,370 (1,002) State and political subdivisions 17,386 (514) 4,325 (172) 21,711 (686) Corporate debt securities 2,936 (68) 484 (18) 3,420 (86) Total $ 51,556 $ (1,321) $ 39,554 $ (1,962) $ 91,110 $ (3,283) December 31, 2017: U.S. Treasury and federal agency $ - $ - $ 4,472 $ (69) $ 4,472 $ (69) U.S. government sponsored entities and agencies 3,447 (42) 8,975 (170) 12,422 (212) U.S. agency mortgage-backed securities: residential 9,659 (48) 6,581 (105) 16,240 (153) U.S. agency collateralized mortgage obligations: residential 954 (16) 19,147 (692) 20,101 (708) State and political subdivisions 10,510 (60) 3,487 (36) 13,997 (96) Corporate debt securities 2,992 (16) 999 (1) 3,991 (17) Total $ 27,562 $ (182) $ 43,661 $ (1,073) $ 71,223 $ (1,255) Gains/losses on sales of securities for the three nine September 30 (Dollar amounts in thousands) For the three months For the nine months ended September 30, ended September 30, 2018 2017 2018 2017 Proceeds $ 5,888 $ - $ 12,683 $ 18,195 (Losses) Gains (4) - (34) 350 Tax provision related to gains (1) - (7) 119 Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic, market or other conditions warrant such evaluation. Consideration is given to: ( 1 2 3 4 not not There were 133 September 30, 2018, 56 12 56 24 12 eight six five one not not not not not September 30, 2018 |
Note 5 - Loans Receivable and R
Note 5 - Loans Receivable and Related Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5. Loans Receivable and Related Allowance for Loan Losses The Corporation’s loans receivable as of the respective dates are summarized as follows: (Dollar amounts in thousands) September 30, December 31, 2018 2017 Mortgage loans on real estate: Residential first mortgages $ 237,106 $ 221,823 Home equity loans and lines of credit 99,668 99,940 Commercial real estate 200,169 193,068 Total 536,943 514,831 Other loans: Commercial business 52,594 58,941 Consumer 8,948 9,589 Total 61,542 68,530 Total loans, gross 598,485 583,361 Less allowance for loan losses 6,360 6,127 Total loans, net $ 592,125 $ 577,234 Included in total loans above are net deferred costs o f $1.9 $1.5 September 30, 2018 December 31, 2017, An allowance for loan losses (ALL) is maintained to absorb probable incurred losses from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience and the amount of nonperforming loans. Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. The allowance for loan losses is based on estimates and actual losses may At September 30, 2018, no April 2016 September 2017 The following table details activity in the ALL and the recorded investment by portfolio segment based on impairment method: (Dollar amounts in thousands) Home Equity Residential & Lines Commercial Commercial Mortgages of Credit Real Estate Business Consumer Total Three months ended September 30, 2018: Allowance for loan losses: Beginning Balance $ 2,033 $ 650 $ 2,882 $ 499 $ 54 $ 6,118 Charge-offs - (26) (6) - (44) (76) Recoveries - 1 13 - 4 18 Provision 128 34 81 11 46 300 Ending Balance $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 Nine months ended September 30, 2018: Allowance for loan losses: Beginning Balance $ 2,090 $ 646 $ 2,753 $ 585 $ 53 $ 6,127 Charge-offs (61) (109) (424) - (213) (807) Recoveries 3 12 32 1 12 60 Provision 129 110 609 (76) 208 980 Ending Balance $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 At September 30, 2018: Ending ALL balance attributable to loans: Individually evaluated for impairment $ 7 $ - $ - $ - $ - $ 7 Acquired loans - - - - - - Collectively evaluated for impairment 2,154 659 2,970 510 60 6,353 Total $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 Total loans: Individually evaluated for impairment $ 401 $ 6 $ 2,512 $ 39 $ - $ 2,958 Acquired loans 17,767 9,817 22,784 1,778 1,080 53,226 Collectively evaluated for impairment 218,938 89,845 174,873 50,777 7,868 542,301 Total $ 237,106 $ 99,668 $ 200,169 $ 52,594 $ 8,948 $ 598,485 At December 31, 2017: Ending ALL balance attributable to loans: Individually evaluated for impairment $ 7 $ - $ - $ - $ - $ 7 Acquired loans - - - - - - Collectively evaluated for impairment 2,083 646 2,753 585 53 6,120 Total $ 2,090 $ 646 $ 2,753 $ 585 $ 53 $ 6,127 Total loans: Individually evaluated for impairment $ 425 $ 8 $ 914 $ 569 $ - $ 1,916 Acquired loans 20,300 10,873 27,404 1,451 2,893 62,921 Collectively evaluated for impairment 201,098 89,059 164,750 56,921 6,696 518,524 Total $ 221,823 $ 99,940 $ 193,068 $ 58,941 $ 9,589 $ 583,361 Three months ended September 30, 2017: Allowance for loan losses: Beginning Balance $ 1,994 $ 639 $ 2,460 $ 621 $ 53 $ 5,767 Charge-offs (2) (33) (36) (4) (26) (101) Recoveries - 1 2 - 1 4 Provision 46 20 200 (21) 25 270 Ending Balance $ 2,038 $ 627 $ 2,626 $ 596 $ 53 $ 5,940 Nine months ended September 30, 2017: Allowance for loan losses: Beginning Balance $ 1,846 $ 633 $ 2,314 $ 700 $ 52 $ 5,545 Charge-offs (38) (44) (126) (14) (53) (275) Recoveries - 21 6 - 10 37 Provision 230 17 432 (90) 44 633 Ending Balance $ 2,038 $ 627 $ 2,626 $ 596 $ 53 $ 5,940 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not September 30, 2018: (Dollar amounts in thousands) Impaired Loans with Specific Allowance For the three months As of September 30, 2018 ended September 30, 2018 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Related Recorded Recognized Recognized Balance Investment Allowance Investment in Period in Period Residential first mortgages $ 74 $ 74 $ 7 $ 74 $ 1 $ 1 Home equity and lines of credit 6 6 - 7 - - Commercial real estate - - - - - - Commercial business - - - - - - Consumer - - - - - - Total $ 80 $ 80 $ 7 $ 81 $ 1 $ 1 For the nine months ended September 30, 2018 Cash Basis Average Interest Income Interest Recorded Recognized Recognized Investment in Period in Period Residential first mortgages $ 75 $ 2 $ 2 Home equity and lines of credit 7 - - Commercial real estate - - - Commercial business - - - Consumer - - - Total $ 82 $ 2 $ 2 Impaired Loans with No Specific Allowance For the three months As of September 30, 2018 ended September 30, 2018 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Recorded Recognized Recognized Balance Investment Investment in Period in Period Residential first mortgages $ 438 $ 327 $ 330 $ 2 $ 2 Home equity and lines of credit - - - - - Commercial real estate 2,512 2,512 1,278 83 2 Commercial business 39 39 39 1 1 Consumer - - - - - Total $ 2,989 $ 2,878 $ 1,647 $ 86 $ 5 For the nine months ended September 30, 2018 Cash Basis Average Interest Income Interest Recorded Recognized Recognized Investment in Period in Period Residential first mortgages $ 338 $ 3 $ 3 Home equity and lines of credit - - - Commercial real estate 952 125 42 Commercial business 300 74 74 Consumer - - - Total $ 1,590 $ 202 $ 119 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not December 31, 2017: (Dollar amounts in thousands) Impaired Loans with Specific Allowance For the year ended As of December 31, 2017 December 31, 2017 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Related Recorded Recognized Recognized Balance Investment Allowance Investment in Period in Period Residential first mortgages $ 75 $ 75 $ 7 $ 88 $ 3 $ 3 Home equity and lines of credit 8 8 - 2 - - Commercial real estate - - - 111 - - Commercial business - - - 118 - - Consumer - - - - - - Total $ 83 $ 83 $ 7 $ 319 $ 3 $ 3 Impaired Loans with No Specific Allowance For the year ended As of December 31, 2017 December 31, 2017 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Recorded Recognized Recognized Balance Investment Investment in Period in Period Residential first mortgages $ 461 $ 350 $ 289 $ 8 $ 8 Home equity and lines of credit - - - - - Commercial real estate 1,089 914 855 3 3 Commercial business 569 569 498 3 3 Consumer - - - - - Total $ 2,119 $ 1,833 $ 1,642 $ 14 $ 14 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not September 30, 2017: (Dollar amounts in thousands) Impaired Loans with Specific Allowance For the three months As of September 30, 2017 ended September 30, 2017 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Related Recorded Recognized Recognized Balance Investment Allowance Investment in Period in Period Residential first mortgages $ 76 $ 76 $ 8 $ 76 $ - $ - Home equity and lines of credit - - - - - - Commercial real estate - - - - - - Commercial business - - - - - - Consumer - - - - - - Total $ 76 $ 76 $ 8 $ 76 $ - $ - For the nine months ended September 30, 2017 Cash Basis Average Interest Income Interest Recorded Recognized Recognized Investment in Period in Period Residential first mortgages $ 91 $ 2 $ 2 Home equity and lines of credit - - - Commercial real estate 139 - - Commercial business 147 - - Consumer - - - Total $ 377 $ 2 $ 2 Impaired Loans with No Specific Allowance For the three months As of September 30, 2017 ended September 30, 2017 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Recorded Recognized Recognized Balance Investment Investment in Period in Period Residential first mortgages $ 469 $ 357 $ 362 $ 1 $ 1 Home equity and lines of credit - - - - - Commercial real estate 1,113 939 957 1 1 Commercial business 585 585 592 1 1 Consumer - - - - - Total $ 2,167 $ 1,881 $ 1,911 $ 3 $ 3 For the nine months ended September 30, 2017 Cash Basis Average Interest Income Interest Recorded Recognized Recognized Investment in Period in Period Residential first mortgages $ 274 $ 5 $ 5 Home equity and lines of credit - - - Commercial real estate 840 2 2 Commercial business 481 2 2 Consumer - - - Total $ 1,595 $ 9 $ 9 Unpaid principal balance includes any loans that have been partially charged off but not not not Troubled debt restructurings (TDR). not not not At September 30, 2018 December 31, 2017, $407,000 $433,000, $7,000 $7,000 September 30, 2018 December 31, 2017, During the three nine September 30, 2018 , not three September 30, 2017, not nine September 30, 2017, one $323,000 September 30, 2017, not A loan is considered to be in payment default once it is 30 three nine September 30, 2018 2017, not twelve Credit Quality Indicators. Commercial real estate and commercial business loans not Management has determined certain portions of the loan portfolio to be homogeneous in nature and assigns like reserve factors for the following loan pool types: residential real estate, home equity loans and lines of credit, and consumer installment and personal lines of credit. The reserve allocation for risk rated loan pools is developed by applying the following factors: Historic twelve Qualitative Management uses the following definitions for risk ratings: Pass Special Mention may Substandard no Doubtful The following table presents the classes of the loan portfolio summarized by the aggregate pass and the criticized categories of special mention, substandard and doubtful within the Corporation’s internal risk rating system as of September 30, 2018 December 31, 2017: (Dollar amounts in thousands) Special Not Rated Pass Mention Substandard Doubtful Total September 30, 2018: Residential first mortgages $ 235,817 $ - $ - $ 1,289 $ - $ 237,106 Home equity and lines of credit 98,647 - - 1,021 - 99,668 Commercial real estate - 189,273 3,785 7,111 - 200,169 Commercial business - 51,381 150 1,063 - 52,594 Consumer 8,851 - - 97 - 8,948 Total $ 343,315 $ 240,654 $ 3,935 $ 10,581 $ - $ 598,485 December 31, 2017: Residential first mortgages $ 220,730 $ - $ - $ 1,093 $ - $ 221,823 Home equity and lines of credit 98,946 - - 994 - 99,940 Commercial real estate - 182,460 2,744 7,864 - 193,068 Commercial business - 56,960 477 1,504 - 58,941 Consumer 9,443 - - 146 - 9,589 Total $ 329,119 $ 239,420 $ 3,221 $ 11,601 $ - $ 583,361 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonperforming loans as of September 30, 2018 December 31, 2017: (Dollar amounts in thousands) Performing Nonperforming Accruing Accruing Accruing Accruing Loans Not 30-59 Days 60-89 Days 90 Days + Total Past Due Past Due Past Due Past Due Nonaccrual Loans September 30, 2018: Residential first mortgages $ 233,448 $ 2,019 $ 427 $ 129 $ 1,083 $ 237,106 Home equity and lines of credit 97,716 906 146 379 521 99,668 Commercial real estate 196,184 737 8 - 3,240 200,169 Commercial business 52,233 322 - - 39 52,594 Consumer 8,704 97 50 27 70 8,948 Total loans $ 588,285 $ 4,081 $ 631 $ 535 $ 4,953 $ 598,485 December 31, 2017: Residential first mortgages $ 218,515 $ 1,936 $ 357 $ 159 $ 856 $ 221,823 Home equity and lines of credit 98,112 598 370 334 526 99,940 Commercial real estate 190,451 1,026 430 197 964 193,068 Commercial business 58,058 74 225 - 584 58,941 Consumer 9,162 273 81 - 73 9,589 Total loans $ 574,298 $ 3,907 $ 1,463 $ 690 $ 3,003 $ 583,361 The following table presents the Corporation’s nonaccrual loans by aging category as of September 30, 2018 December 31, 2017: (Dollar amounts in thousands) Not 30-59 Days 60-89 Days 90 Days + Total Past Due Past Due Past Due Past Due Loans September 30, 2018: Residential first mortgages $ 346 $ - $ 74 $ 663 $ 1,083 Home equity and lines of credit 7 - - 514 521 Commercial real estate 2,665 - 268 307 3,240 Commercial business 39 - - - 39 Consumer - - - 70 70 Total loans $ 3,057 $ - $ 342 $ 1,554 $ 4,953 December 31, 2017: Residential first mortgages $ 366 $ - $ 75 $ 415 $ 856 Home equity and lines of credit 8 - - 518 526 Commercial real estate 341 - - 623 964 Commercial business 569 - - 15 584 Consumer - - - 73 73 Total loans $ 1,284 $ - $ 75 $ 1,644 $ 3,003 |
Note 6 - Goodwill and Intangibl
Note 6 - Goodwill and Intangible Assets | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | 6. Goodwill and Intangible Assets The following table summarizes the Corporation’s acquired goodwill and intangible assets as of September 30, 2018 December 31, 2017: (Dollar amounts in thousands) September 30, 2018 December 31, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Goodwill $ 10,288 $ - $ 10,288 $ - Core deposit intangibles 4,426 4,148 4,426 3,945 Total $ 14,714 $ 4,148 $ 14,714 $ 3,945 Goodwill resulted from four not may not November 30 No 2017 first nine 2018. The core deposit intangible asset, resulting from three not three nine September 30, 2018 $67,000 $203,000, $58,000 $177,000, 2017. |
Note 7 - Stock Compensation Pla
Note 7 - Stock Compensation Plan | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 7. Stock Compensation Plan In April 2014, 2014 2014 176,866 September 30, 2018, 52,533 88,433 Incentive stock options, non-incentive or compensatory stock options and share awards may ten may At September 30, 2018 no A summary of the status of the Corporation’s nonvested restricted stock awards as of September 30, 2018, Weighted-Average Shares Grant-date Fair Value Nonvested at January 1, 2018 33,400 $ 27.70 Granted - - Vested - - Forfeited (2,500) 27.17 Nonvested as of September 30, 2018 30,900 $ 27.74 For the three nine September 30, 2018, f $37,000 $187,000, o $55,000 $164,000, 2017. September 30, 2018, $411,000 three not |
Note 8 - Fair Value
Note 8 - Fair Value | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 8. Fair Value Management uses its best judgment in estimating the fair value of the Corporation’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not not may Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three may Level 1 Level 2 1 not Level 3 An asset or liability’s level is based on the lowest level of input that is significant to the fair value measurement. The Corporation used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: Securities (debt-available for sale, equities) 1 1 not 2 2 not 3 may 3 3 Impaired loans – may 3 may 3 September 30, 2018 December 31, 2017, not no three nine September 30, 2018 2017. Other real estate owned (OREO) may 3 September 30, 2018 December 31, 2017, not Appraisals for both collateral-dependent impaired loans and OREO are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed by the Corporation. Once received, management reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. On an annual basis, the Corporation compares the actual selling price of OREO that has been sold to the most recent appraisal to determine what additional adjustment should be made to the appraisal value to arrive at fair value. The most recent analysis performed indicated that a discount of 10% For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy are as follows: (Dollar amounts in thousands) (Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Market Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs September 30, 2018: Securities available for sale U.S. Treasury and federal agency $ 4,395 $ 4,395 $ - $ - U.S. government sponsored entities and agencies 16,550 - 16,550 - U.S. agency mortgage-backed securities: residential 27,664 - 27,664 - U.S. agency collateralized mortgage obligations: residential 19,205 - 19,205 - State and political subdivision 22,260 - 22,260 - Corporate debt securities 7,435 - 3,935 3,500 Total $ 97,509 $ 4,395 $ 89,614 $ 3,500 Equity securities $ 473 $ 473 $ - $ - December 31, 2017: Securities available for sale U.S. Treasury and federal agency $ 4,472 $ 4,472 $ - $ - U.S. government sponsored entities and agencies 13,926 - 13,926 - U.S. agency mortgage-backed securities: residential 20,758 - 20,758 - U.S. agency collateralized mortgage obligations: residential 21,924 - 21,924 - State and political subdivisions 29,240 - 29,240 - Corporate debt securities 9,030 - 1,032 7,998 Total $ 99,350 $ 4,472 $ 86,880 $ 7,998 Equity securities $ 1,817 $ 1,683 $ - $ 134 The Corporation’s policy is to transfer assets or liabilities from one During the nine September 30, 2018 3 2. nine $25,000 3 2017, no 3 three nine September 30, 2018 2017: (Dollar amounts in thousands) Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Balance at the beginning of the period $ 3,500 $ 135 $ 8,132 $ 136 Total gains or losses (realized/unrealized): - - - - Included in earnings - - 1 - Included in other comprehensive income - (1) - (2) Acquired - - - - Sold out of Level 3 - - (25) - Transfers in and/or out of Level 3 - - (4,608) - Balance at the end of the period $ 3,500 $ 134 $ 3,500 $ 134 The Corporation had no September 30, 2018 December 31, 2017. The Corporation had an impaired residential mortgage loan totaling $62,000 $6,000 September 30, 2018 December 31, 2017 $68,000 $8,000, The following table sets forth the carrying amount and estimated fair values of the Corporation’s financial instruments included in the consolidated balance sheet as of September 30, 2018 December 31, 2017: (Dollar amounts in thousands) Carrying Fair Value Measurements using: Description Amount Total Level 1 Level 2 Level 3 September 30, 2018: Financial Assets: Cash and cash equivalents $ 22,680 $ 22,680 $ 22,680 $ - $ - Securities-available for sale 97,509 97,509 4,395 89,614 3,500 Securities-equities 473 473 473 - - Loans held for sale 120 120 - 120 - Loans, net 592,125 583,741 - - 583,741 Federal bank stock 4,466 N/A N/A N/A N/A Accrued interest receivable 2,302 2,302 88 353 1,861 Total $ 719,675 $ 706,825 $ 27,636 $ 90,087 $ 589,102 Financial Liabilities: Deposits 682,361 685,333 513,011 172,322 - Borrowed funds 19,800 19,414 - 19,414 - Accrued interest payable 460 460 38 422 - Total $ 702,621 $ 705,207 $ 513,049 $ 192,158 $ - Carrying Fair Value Measurements using: Amount Total Level 1 Level 2 Level 3 December 31, 2017: Financial Assets: Cash and cash equivalents $ 14,374 $ 14,374 $ 14,374 $ - $ - Securities-available for sale 99,350 99,350 4,472 86,880 7,998 Securities-equities 1,817 1,817 1,683 - 134 Loans held for sale 504 504 - 504 - Loans, net 577,234 577,616 - - 577,616 Federal bank stock 4,662 N/A N/A N/A N/A Accrued interest receivable 2,217 2,217 59 338 1,820 Total $ 700,158 $ 695,878 $ 20,588 $ 87,722 $ 587,568 Financial Liabilities: Deposits 654,643 657,414 483,956 173,458 - Borrowed funds 26,000 25,499 - 25,499 - Accrued interest payable 413 413 23 390 - Total $ 681,056 $ 683,326 $ 483,979 $ 199,347 $ - |
Note 9 - Regulatory Matters
Note 9 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 9. Regulatory Matters Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. In 2015, $500 $1 The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (BASEL III rules) became effective for the Bank on January 1, 2015 January 1, 2019. 0.0% 2015 2.50% 2019. 2018 1.875% 1.25% 2017 0.625% 2016. not September 30, 2018, Prompt corrective action regulations provide five not September 30, 2018, no The following table sets forth certain information concerning the Bank’s regulatory capital as of the dates presented. The capital adequacy ratios disclosed below are exclusive of the capital conservation buffer. (Dollar amounts in thousands) September 30, 2018 December 31, 2017 Amount Ratio Amount Ratio Total capital to risk-weighted assets: Actual $ 66,711 13.22% $ 64,221 12.96% For capital adequacy purposes 40,381 8.00% 39,630 8.00% To be well capitalized 50,476 10.00% 49,537 10.00% Tier 1 capital to risk-weighted assets: Actual $ 60,401 11.97% $ 58,088 11.73% For capital adequacy purposes 30,286 6.00% 29,722 6.00% To be well capitalized 40,381 8.00% 39,630 8.00% Common Equity Tier 1 capital to risk-weighted assets: Actual $ 60,401 11.97% $ 58,088 11.73% For capital adequacy purposes 22,714 4.50% 22,292 4.50% To be well capitalized 32,809 6.50% 32,199 6.50% Tier 1 capital to average assets: Actual $ 60,401 7.90% $ 58,088 7.71% For capital adequacy purposes 30,574 4.00% 30,117 4.00% To be well capitalized 38,218 5.00% 37,647 5.00% |
Note 10 - Accumulated Other Com
Note 10 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 10. Accumulated Other Comprehensive Income (Loss) The following tables summarize the changes within each classification of accumulated other comprehensive income (loss), net of tax, for the three September 30, 2018 2017 (Dollar amounts in thousands) Unrealized Gains Defined and Losses on Benefit Available-for-Sale Pension Securities Items Totals Accumulated Other Comprehensive Income (Loss) at July 1, 2018 $ (2,117) $ (4,839) $ (6,956) Other comprehensive income before reclassification (447) - (447) Amounts reclassified from accumulated other comprehensive income (loss) 3 - 3 Net current period other comprehensive income (444) - (444) Accumulated Other Comprehensive Income (Loss) at September 30, 2018 $ (2,561) $ (4,839) $ (7,400) (Dollar amounts in thousands) Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Details about Accumulated Other For the three months Statement Where Net Comprehensive Income Components ended September 30, 2018 Income is Presented Unrealized gains and losses on available-for-sale securities $ (4) Net gain on sale of available-for-sale securities Unrealized gains and losses on available-for-sale securities - Other than temporary impairment losses 1 Provision for income taxes Total reclassifications for the period $ (3) Net of tax (Dollar amounts in thousands) Unrealized Gains Defined and Losses on Benefit Available-for-Sale Pension Securities Items Totals Accumulated Other Comprehensive Income (Loss) at July 1, 2017 $ (307) $ (3,812) $ (4,119) Other comprehensive income before reclassification 153 - 153 Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current period other comprehensive income 153 - 153 Accumulated Other Comprehensive Income (Loss) at September 30, 2017 $ (154) $ (3,812) $ (3,966) (Dollar amounts in thousands) Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Details about Accumulated Other For the three months Statement Where Net Comprehensive Loss Components ended September 30, 2017 Income is Presented Unrealized gains and losses on available-for-sale securities $ - Net gain on sale of available-for-sale securities $ - Other than temporary impairment losses - Provision for income taxes Total reclassifications for the period $ - Net of tax The following tables summarize the changes within each classification of accumulated other comprehensive income (loss), net of tax, for the nine September 30, 2018 2017 (Dollar amounts in thousands) Unrealized Gains Defined and Losses on Benefit Available-for-Sale Pension Securities Items Totals Accumulated Other Comprehensive Income (Loss) at January 1, 2018 $ (679) $ (4,839) $ (5,518) Other comprehensive income before reclassification (1,722) - (1,722) Amounts reclassified from accumulated other comprehensive income (loss) 27 - 27 Net current period other comprehensive income (1,695) - (1,695) Cumulative effect of adoption of ASU 2016-01 (187) - (187) Accumulated Other Comprehensive Income (Loss) at September 30, 2018 $ (2,561) $ (4,839) $ (7,400) (Dollar amounts in thousands) Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Details about Accumulated Other For the nine months Statement Where Net Comprehensive Income Components ended September 30, 2018 Income is Presented Unrealized gains and losses on available-for-sale securities $ (34) Net gain on sale of available-for-sale securities Unrealized gains and losses on available-for-sale securities - Other than temporary impairment losses 7 Provision for income taxes Total reclassifications for the period $ (27) Net of tax (Dollar amounts in thousands) Unrealized Gains Defined and Losses on Benefit Available-for-Sale Pension Securities Items Totals Accumulated Other Comprehensive Income (Loss) at January 1, 2017 $ (679) $ (3,812) $ (4,491) Other comprehensive income before reclassification 421 - 421 Amounts reclassified from accumulated other comprehensive income (loss) 104 - 104 Net current period other comprehensive income 525 - 525 Accumulated Other Comprehensive Income (Loss) at September 30, 2017 $ (154) $ (3,812) $ (3,966) (Dollar amounts in thousands) Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Details about Accumulated Other For the nine months Statement Where Net Comprehensive Income Components ended September 30, 2017 Income is Presented Unrealized gains and losses on available-for-sale securities $ 350 Net gain on sale of available-for-sale securities Unrealized gains and losses on available-for-sale securities (508) Other than temporary impairment losses 54 Provision for income taxes Total reclassifications for the period $ (104) Net of tax |
Note 11 - Revenue Recognition
Note 11 - Revenue Recognition | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 11. Revenue Recognition On January 1, 2018, 2014 09 606 606. not 606. 606, no Service charges on deposits: Electronic banking fees: The following table presents the Corporation's sources of noninterest income for the three nine September 30, 2018 2017: (Dollar amounts in thousands) Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Non Interest Income In-scope of Topic 606: Service charges on deposits Maintenance fees $ 38 $ 40 $ 114 $ 118 Overdraft fees 417 341 1,100 965 Other fees 73 66 214 207 Electronic banking fees 327 292 971 855 Noninterest income (in-scope of Topic 606) 855 739 2,399 2,145 Noninterest income (out-of-scope of Topic 606) 207 1,535 610 1,851 Total noninterest income $ 1,062 $ 2,274 $ 3,009 $ 3,996 ( 1 Noninterest income items that are out-of-scope include net realized gains (losses) on sales of securities, net gains (losses) on sales of loans, earnings on bank-owned life insurance and certain other noninterest income items. |
Note 12 - Recent Accounting Pro
Note 12 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 12. Recent Accounting Pronouncements Newly Issued Not In February 2016, 2016 02 2016 02 December 15, 2018, not In June 2016, 2016 13, 326 2016 13 1 2 3 December 15, 2019, 2016 13 In January 2017, 2017 04, 2 not first December 15, 2019. January 1, 2017. not not not not 2 In March 2017, 2017 08, 310 20 2017 08 December 15, 2019, December 15, 2020. 2017 08 In August 2017, 2017 12, 815 not not December 15, 2018, not In August 2018, 2018 13 2018 13 1 2, 3 3 3 December 15, 2019. 2018 13 In August 2018, 2018 14 2018 14 one December 15, 2020. 2018 14 Adoption of New Accounting Policies In March 2017, 2017 07, 715 December 15, 2017. not In May 2014, 2014 9 2014 9 not not January 1, 2018 not 11 In January 2016, 2016 1 2016 1 2016 1 2016 1 2016 1 December 15, 2017. 2016 1 not In August 2016, 2016 15, 230 . 2016 15 December 15, 2017. 2016 15 not |
Note 3 - Earnings Per Common _2
Note 3 - Earnings Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (Dollar amounts in thousands, except for per share amounts) For the three months ended For the nine months ended September 30, September 30, 2018 2017 2018 2017 Earnings per common share - basic Net income $ 1,161 $ 1,707 $ 3,935 $ 3,704 Less: Preferred stock dividends - - - - Net income available to common stockholders $ 1,161 $ 1,707 $ 3,935 $ 3,704 Average common shares outstanding 2,271,139 2,204,949 2,271,139 2,174,210 Basic earnings per common share $ 0.51 $ 0.77 $ 1.73 $ 1.70 Earnings per common share - diluted Net income available to common stockholders $ 1,161 $ 1,707 $ 3,935 $ 3,704 Average common shares outstanding 2,271,139 2,204,949 2,271,139 2,174,210 Add: Dilutive effects of assumed issuance of restricted stock and exercise of stock options 20,147 15,471 17,584 16,437 Average shares and dilutive potential common shares 2,291,286 2,220,420 2,288,723 2,190,647 Diluted earnings per common share $ 0.51 $ 0.77 $ 1.72 $ 1.69 Stock options not considered in computing earnings per share because they were antidilutive - - - - |
Note 4 - Securities (Tables)
Note 4 - Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | (Dollar amounts in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available for sale: September 30, 2018: U.S. Treasury and federal agency $ 4,534 $ - $ (139) $ 4,395 U.S. government sponsored entities and agencies 17,058 - (508) 16,550 U.S. agency mortgage-backed securities: residential 28,526 - (862) 27,664 U.S. agency collateralized mortgage obligations: residential 20,171 36 (1,002) 19,205 State and political subdivisions 22,943 3 (686) 22,260 Corporate debt securities 7,520 1 (86) 7,435 Total Securities available-for-sale $ 100,752 $ 40 $ (3,283) $ 97,509 December 31, 2017: U.S. Treasury and federal agency $ 4,541 $ - $ (69) $ 4,472 U.S. government sponsored entities and agencies 14,136 2 (212) 13,926 U.S. agency mortgage-backed securities: residential 20,904 7 (153) 20,758 U.S. agency collateralized mortgage obligations: residential 22,607 25 (708) 21,924 State and political subdivisions 29,249 87 (96) 29,240 Corporate debt securities 9,009 38 (17) 9,030 Total Securities available-for-sale $ 100,446 $ 159 $ (1,255) $ 99,350 |
Investments Classified by Contractual Maturity Date [Table Text Block] | (Dollar amounts in thousands) Available for sale Amortized Fair Cost Value Due in one year or less $ 1,924 $ 1,912 Due after one year through five years 30,077 29,308 Due after five through ten years 15,305 14,803 Due after ten years 4,749 4,617 Mortgage-backed securities: residential 28,526 27,664 Collateralized mortgage obligations: residential 20,171 19,205 Total $ 100,752 $ 97,509 |
Schedule of Unrealized Loss on Investments [Table Text Block] | (Dollar amounts in thousands) Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Loss Value Loss Value Loss September 30, 2018: U.S. Treasury and federal agency $ - $ - $ 4,395 $ (139) $ 4,395 $ (139) U.S. government sponsored entities and agencies 7,796 (134) 8,754 (374) 16,550 (508) U.S. agency mortgage-backed securities: residential 21,938 (600) 5,726 (262) 27,664 (862) U.S. agency collateralized mortgage obligations: residential 1,500 (5) 15,870 (997) 17,370 (1,002) State and political subdivisions 17,386 (514) 4,325 (172) 21,711 (686) Corporate debt securities 2,936 (68) 484 (18) 3,420 (86) Total $ 51,556 $ (1,321) $ 39,554 $ (1,962) $ 91,110 $ (3,283) December 31, 2017: U.S. Treasury and federal agency $ - $ - $ 4,472 $ (69) $ 4,472 $ (69) U.S. government sponsored entities and agencies 3,447 (42) 8,975 (170) 12,422 (212) U.S. agency mortgage-backed securities: residential 9,659 (48) 6,581 (105) 16,240 (153) U.S. agency collateralized mortgage obligations: residential 954 (16) 19,147 (692) 20,101 (708) State and political subdivisions 10,510 (60) 3,487 (36) 13,997 (96) Corporate debt securities 2,992 (16) 999 (1) 3,991 (17) Total $ 27,562 $ (182) $ 43,661 $ (1,073) $ 71,223 $ (1,255) |
Schedule of Realized Gain (Loss) [Table Text Block] | (Dollar amounts in thousands) For the three months For the nine months ended September 30, ended September 30, 2018 2017 2018 2017 Proceeds $ 5,888 $ - $ 12,683 $ 18,195 (Losses) Gains (4) - (34) 350 Tax provision related to gains (1) - (7) 119 |
Note 5 - Loans Receivable and_2
Note 5 - Loans Receivable and Related Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (Dollar amounts in thousands) September 30, December 31, 2018 2017 Mortgage loans on real estate: Residential first mortgages $ 237,106 $ 221,823 Home equity loans and lines of credit 99,668 99,940 Commercial real estate 200,169 193,068 Total 536,943 514,831 Other loans: Commercial business 52,594 58,941 Consumer 8,948 9,589 Total 61,542 68,530 Total loans, gross 598,485 583,361 Less allowance for loan losses 6,360 6,127 Total loans, net $ 592,125 $ 577,234 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Home Equity Residential & Lines Commercial Commercial Mortgages of Credit Real Estate Business Consumer Total Three months ended September 30, 2018: Allowance for loan losses: Beginning Balance $ 2,033 $ 650 $ 2,882 $ 499 $ 54 $ 6,118 Charge-offs - (26) (6) - (44) (76) Recoveries - 1 13 - 4 18 Provision 128 34 81 11 46 300 Ending Balance $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 Nine months ended September 30, 2018: Allowance for loan losses: Beginning Balance $ 2,090 $ 646 $ 2,753 $ 585 $ 53 $ 6,127 Charge-offs (61) (109) (424) - (213) (807) Recoveries 3 12 32 1 12 60 Provision 129 110 609 (76) 208 980 Ending Balance $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 At September 30, 2018: Ending ALL balance attributable to loans: Individually evaluated for impairment $ 7 $ - $ - $ - $ - $ 7 Acquired loans - - - - - - Collectively evaluated for impairment 2,154 659 2,970 510 60 6,353 Total $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 Total loans: Individually evaluated for impairment $ 401 $ 6 $ 2,512 $ 39 $ - $ 2,958 Acquired loans 17,767 9,817 22,784 1,778 1,080 53,226 Collectively evaluated for impairment 218,938 89,845 174,873 50,777 7,868 542,301 Total $ 237,106 $ 99,668 $ 200,169 $ 52,594 $ 8,948 $ 598,485 At December 31, 2017: Ending ALL balance attributable to loans: Individually evaluated for impairment $ 7 $ - $ - $ - $ - $ 7 Acquired loans - - - - - - Collectively evaluated for impairment 2,083 646 2,753 585 53 6,120 Total $ 2,090 $ 646 $ 2,753 $ 585 $ 53 $ 6,127 Total loans: Individually evaluated for impairment $ 425 $ 8 $ 914 $ 569 $ - $ 1,916 Acquired loans 20,300 10,873 27,404 1,451 2,893 62,921 Collectively evaluated for impairment 201,098 89,059 164,750 56,921 6,696 518,524 Total $ 221,823 $ 99,940 $ 193,068 $ 58,941 $ 9,589 $ 583,361 Three months ended September 30, 2017: Allowance for loan losses: Beginning Balance $ 1,994 $ 639 $ 2,460 $ 621 $ 53 $ 5,767 Charge-offs (2) (33) (36) (4) (26) (101) Recoveries - 1 2 - 1 4 Provision 46 20 200 (21) 25 270 Ending Balance $ 2,038 $ 627 $ 2,626 $ 596 $ 53 $ 5,940 Nine months ended September 30, 2017: Allowance for loan losses: Beginning Balance $ 1,846 $ 633 $ 2,314 $ 700 $ 52 $ 5,545 Charge-offs (38) (44) (126) (14) (53) (275) Recoveries - 21 6 - 10 37 Provision 230 17 432 (90) 44 633 Ending Balance $ 2,038 $ 627 $ 2,626 $ 596 $ 53 $ 5,940 |
Impaired Financing Receivables [Table Text Block] | Impaired Loans with Specific Allowance For the three months As of September 30, 2018 ended September 30, 2018 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Related Recorded Recognized Recognized Balance Investment Allowance Investment in Period in Period Residential first mortgages $ 74 $ 74 $ 7 $ 74 $ 1 $ 1 Home equity and lines of credit 6 6 - 7 - - Commercial real estate - - - - - - Commercial business - - - - - - Consumer - - - - - - Total $ 80 $ 80 $ 7 $ 81 $ 1 $ 1 For the nine months ended September 30, 2018 Cash Basis Average Interest Income Interest Recorded Recognized Recognized Investment in Period in Period Residential first mortgages $ 75 $ 2 $ 2 Home equity and lines of credit 7 - - Commercial real estate - - - Commercial business - - - Consumer - - - Total $ 82 $ 2 $ 2 Impaired Loans with No Specific Allowance For the three months As of September 30, 2018 ended September 30, 2018 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Recorded Recognized Recognized Balance Investment Investment in Period in Period Residential first mortgages $ 438 $ 327 $ 330 $ 2 $ 2 Home equity and lines of credit - - - - - Commercial real estate 2,512 2,512 1,278 83 2 Commercial business 39 39 39 1 1 Consumer - - - - - Total $ 2,989 $ 2,878 $ 1,647 $ 86 $ 5 For the nine months ended September 30, 2018 Cash Basis Average Interest Income Interest Recorded Recognized Recognized Investment in Period in Period Residential first mortgages $ 338 $ 3 $ 3 Home equity and lines of credit - - - Commercial real estate 952 125 42 Commercial business 300 74 74 Consumer - - - Total $ 1,590 $ 202 $ 119 Impaired Loans with Specific Allowance For the year ended As of December 31, 2017 December 31, 2017 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Related Recorded Recognized Recognized Balance Investment Allowance Investment in Period in Period Residential first mortgages $ 75 $ 75 $ 7 $ 88 $ 3 $ 3 Home equity and lines of credit 8 8 - 2 - - Commercial real estate - - - 111 - - Commercial business - - - 118 - - Consumer - - - - - - Total $ 83 $ 83 $ 7 $ 319 $ 3 $ 3 Impaired Loans with No Specific Allowance For the year ended As of December 31, 2017 December 31, 2017 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Recorded Recognized Recognized Balance Investment Investment in Period in Period Residential first mortgages $ 461 $ 350 $ 289 $ 8 $ 8 Home equity and lines of credit - - - - - Commercial real estate 1,089 914 855 3 3 Commercial business 569 569 498 3 3 Consumer - - - - - Total $ 2,119 $ 1,833 $ 1,642 $ 14 $ 14 Impaired Loans with Specific Allowance For the three months As of September 30, 2017 ended September 30, 2017 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Related Recorded Recognized Recognized Balance Investment Allowance Investment in Period in Period Residential first mortgages $ 76 $ 76 $ 8 $ 76 $ - $ - Home equity and lines of credit - - - - - - Commercial real estate - - - - - - Commercial business - - - - - - Consumer - - - - - - Total $ 76 $ 76 $ 8 $ 76 $ - $ - For the nine months ended September 30, 2017 Cash Basis Average Interest Income Interest Recorded Recognized Recognized Investment in Period in Period Residential first mortgages $ 91 $ 2 $ 2 Home equity and lines of credit - - - Commercial real estate 139 - - Commercial business 147 - - Consumer - - - Total $ 377 $ 2 $ 2 Impaired Loans with No Specific Allowance For the three months As of September 30, 2017 ended September 30, 2017 Cash Basis Unpaid Average Interest Income Interest Principal Recorded Recorded Recognized Recognized Balance Investment Investment in Period in Period Residential first mortgages $ 469 $ 357 $ 362 $ 1 $ 1 Home equity and lines of credit - - - - - Commercial real estate 1,113 939 957 1 1 Commercial business 585 585 592 1 1 Consumer - - - - - Total $ 2,167 $ 1,881 $ 1,911 $ 3 $ 3 For the nine months ended September 30, 2017 Cash Basis Average Interest Income Interest Recorded Recognized Recognized Investment in Period in Period Residential first mortgages $ 274 $ 5 $ 5 Home equity and lines of credit - - - Commercial real estate 840 2 2 Commercial business 481 2 2 Consumer - - - Total $ 1,595 $ 9 $ 9 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Special Not Rated Pass Mention Substandard Doubtful Total September 30, 2018: Residential first mortgages $ 235,817 $ - $ - $ 1,289 $ - $ 237,106 Home equity and lines of credit 98,647 - - 1,021 - 99,668 Commercial real estate - 189,273 3,785 7,111 - 200,169 Commercial business - 51,381 150 1,063 - 52,594 Consumer 8,851 - - 97 - 8,948 Total $ 343,315 $ 240,654 $ 3,935 $ 10,581 $ - $ 598,485 December 31, 2017: Residential first mortgages $ 220,730 $ - $ - $ 1,093 $ - $ 221,823 Home equity and lines of credit 98,946 - - 994 - 99,940 Commercial real estate - 182,460 2,744 7,864 - 193,068 Commercial business - 56,960 477 1,504 - 58,941 Consumer 9,443 - - 146 - 9,589 Total $ 329,119 $ 239,420 $ 3,221 $ 11,601 $ - $ 583,361 |
Past Due Financing Receivables [Table Text Block] | Performing Nonperforming Accruing Accruing Accruing Accruing Loans Not 30-59 Days 60-89 Days 90 Days + Total Past Due Past Due Past Due Past Due Nonaccrual Loans September 30, 2018: Residential first mortgages $ 233,448 $ 2,019 $ 427 $ 129 $ 1,083 $ 237,106 Home equity and lines of credit 97,716 906 146 379 521 99,668 Commercial real estate 196,184 737 8 - 3,240 200,169 Commercial business 52,233 322 - - 39 52,594 Consumer 8,704 97 50 27 70 8,948 Total loans $ 588,285 $ 4,081 $ 631 $ 535 $ 4,953 $ 598,485 December 31, 2017: Residential first mortgages $ 218,515 $ 1,936 $ 357 $ 159 $ 856 $ 221,823 Home equity and lines of credit 98,112 598 370 334 526 99,940 Commercial real estate 190,451 1,026 430 197 964 193,068 Commercial business 58,058 74 225 - 584 58,941 Consumer 9,162 273 81 - 73 9,589 Total loans $ 574,298 $ 3,907 $ 1,463 $ 690 $ 3,003 $ 583,361 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | Not 30-59 Days 60-89 Days 90 Days + Total Past Due Past Due Past Due Past Due Loans September 30, 2018: Residential first mortgages $ 346 $ - $ 74 $ 663 $ 1,083 Home equity and lines of credit 7 - - 514 521 Commercial real estate 2,665 - 268 307 3,240 Commercial business 39 - - - 39 Consumer - - - 70 70 Total loans $ 3,057 $ - $ 342 $ 1,554 $ 4,953 December 31, 2017: Residential first mortgages $ 366 $ - $ 75 $ 415 $ 856 Home equity and lines of credit 8 - - 518 526 Commercial real estate 341 - - 623 964 Commercial business 569 - - 15 584 Consumer - - - 73 73 Total loans $ 1,284 $ - $ 75 $ 1,644 $ 3,003 |
Note 6 - Goodwill and Intangi_2
Note 6 - Goodwill and Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | (Dollar amounts in thousands) September 30, 2018 December 31, 2017 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Goodwill $ 10,288 $ - $ 10,288 $ - Core deposit intangibles 4,426 4,148 4,426 3,945 Total $ 14,714 $ 4,148 $ 14,714 $ 3,945 |
Note 7 - Stock Compensation P_2
Note 7 - Stock Compensation Plan (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Weighted-Average Shares Grant-date Fair Value Nonvested at January 1, 2018 33,400 $ 27.70 Granted - - Vested - - Forfeited (2,500) 27.17 Nonvested as of September 30, 2018 30,900 $ 27.74 |
Note 8 - Fair Value (Tables)
Note 8 - Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | (Dollar amounts in thousands) (Level 1) (Level 2) Quoted Prices in Significant (Level 3) Active Market Other Significant for Identical Observable Unobservable Description Total Assets Inputs Inputs September 30, 2018: Securities available for sale U.S. Treasury and federal agency $ 4,395 $ 4,395 $ - $ - U.S. government sponsored entities and agencies 16,550 - 16,550 - U.S. agency mortgage-backed securities: residential 27,664 - 27,664 - U.S. agency collateralized mortgage obligations: residential 19,205 - 19,205 - State and political subdivision 22,260 - 22,260 - Corporate debt securities 7,435 - 3,935 3,500 Total $ 97,509 $ 4,395 $ 89,614 $ 3,500 Equity securities $ 473 $ 473 $ - $ - December 31, 2017: Securities available for sale U.S. Treasury and federal agency $ 4,472 $ 4,472 $ - $ - U.S. government sponsored entities and agencies 13,926 - 13,926 - U.S. agency mortgage-backed securities: residential 20,758 - 20,758 - U.S. agency collateralized mortgage obligations: residential 21,924 - 21,924 - State and political subdivisions 29,240 - 29,240 - Corporate debt securities 9,030 - 1,032 7,998 Total $ 99,350 $ 4,472 $ 86,880 $ 7,998 Equity securities $ 1,817 $ 1,683 $ - $ 134 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | (Dollar amounts in thousands) Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Balance at the beginning of the period $ 3,500 $ 135 $ 8,132 $ 136 Total gains or losses (realized/unrealized): - - - - Included in earnings - - 1 - Included in other comprehensive income - (1) - (2) Acquired - - - - Sold out of Level 3 - - (25) - Transfers in and/or out of Level 3 - - (4,608) - Balance at the end of the period $ 3,500 $ 134 $ 3,500 $ 134 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (Dollar amounts in thousands) Carrying Fair Value Measurements using: Description Amount Total Level 1 Level 2 Level 3 September 30, 2018: Financial Assets: Cash and cash equivalents $ 22,680 $ 22,680 $ 22,680 $ - $ - Securities-available for sale 97,509 97,509 4,395 89,614 3,500 Securities-equities 473 473 473 - - Loans held for sale 120 120 - 120 - Loans, net 592,125 583,741 - - 583,741 Federal bank stock 4,466 N/A N/A N/A N/A Accrued interest receivable 2,302 2,302 88 353 1,861 Total $ 719,675 $ 706,825 $ 27,636 $ 90,087 $ 589,102 Financial Liabilities: Deposits 682,361 685,333 513,011 172,322 - Borrowed funds 19,800 19,414 - 19,414 - Accrued interest payable 460 460 38 422 - Total $ 702,621 $ 705,207 $ 513,049 $ 192,158 $ - Carrying Fair Value Measurements using: Amount Total Level 1 Level 2 Level 3 December 31, 2017: Financial Assets: Cash and cash equivalents $ 14,374 $ 14,374 $ 14,374 $ - $ - Securities-available for sale 99,350 99,350 4,472 86,880 7,998 Securities-equities 1,817 1,817 1,683 - 134 Loans held for sale 504 504 - 504 - Loans, net 577,234 577,616 - - 577,616 Federal bank stock 4,662 N/A N/A N/A N/A Accrued interest receivable 2,217 2,217 59 338 1,820 Total $ 700,158 $ 695,878 $ 20,588 $ 87,722 $ 587,568 Financial Liabilities: Deposits 654,643 657,414 483,956 173,458 - Borrowed funds 26,000 25,499 - 25,499 - Accrued interest payable 413 413 23 390 - Total $ 681,056 $ 683,326 $ 483,979 $ 199,347 $ - |
Note 9 - Regulatory Matters (Ta
Note 9 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | (Dollar amounts in thousands) September 30, 2018 December 31, 2017 Amount Ratio Amount Ratio Total capital to risk-weighted assets: Actual $ 66,711 13.22% $ 64,221 12.96% For capital adequacy purposes 40,381 8.00% 39,630 8.00% To be well capitalized 50,476 10.00% 49,537 10.00% Tier 1 capital to risk-weighted assets: Actual $ 60,401 11.97% $ 58,088 11.73% For capital adequacy purposes 30,286 6.00% 29,722 6.00% To be well capitalized 40,381 8.00% 39,630 8.00% Common Equity Tier 1 capital to risk-weighted assets: Actual $ 60,401 11.97% $ 58,088 11.73% For capital adequacy purposes 22,714 4.50% 22,292 4.50% To be well capitalized 32,809 6.50% 32,199 6.50% Tier 1 capital to average assets: Actual $ 60,401 7.90% $ 58,088 7.71% For capital adequacy purposes 30,574 4.00% 30,117 4.00% To be well capitalized 38,218 5.00% 37,647 5.00% |
Note 10 - Accumulated Other C_2
Note 10 - Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | (Dollar amounts in thousands) Unrealized Gains Defined and Losses on Benefit Available-for-Sale Pension Securities Items Totals Accumulated Other Comprehensive Income (Loss) at July 1, 2018 $ (2,117) $ (4,839) $ (6,956) Other comprehensive income before reclassification (447) - (447) Amounts reclassified from accumulated other comprehensive income (loss) 3 - 3 Net current period other comprehensive income (444) - (444) Accumulated Other Comprehensive Income (Loss) at September 30, 2018 $ (2,561) $ (4,839) $ (7,400) (Dollar amounts in thousands) Unrealized Gains Defined and Losses on Benefit Available-for-Sale Pension Securities Items Totals Accumulated Other Comprehensive Income (Loss) at July 1, 2017 $ (307) $ (3,812) $ (4,119) Other comprehensive income before reclassification 153 - 153 Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current period other comprehensive income 153 - 153 Accumulated Other Comprehensive Income (Loss) at September 30, 2017 $ (154) $ (3,812) $ (3,966) (Dollar amounts in thousands) Unrealized Gains Defined and Losses on Benefit Available-for-Sale Pension Securities Items Totals Accumulated Other Comprehensive Income (Loss) at January 1, 2018 $ (679) $ (4,839) $ (5,518) Other comprehensive income before reclassification (1,722) - (1,722) Amounts reclassified from accumulated other comprehensive income (loss) 27 - 27 Net current period other comprehensive income (1,695) - (1,695) Cumulative effect of adoption of ASU 2016-01 (187) - (187) Accumulated Other Comprehensive Income (Loss) at September 30, 2018 $ (2,561) $ (4,839) $ (7,400) (Dollar amounts in thousands) Unrealized Gains Defined and Losses on Benefit Available-for-Sale Pension Securities Items Totals Accumulated Other Comprehensive Income (Loss) at January 1, 2017 $ (679) $ (3,812) $ (4,491) Other comprehensive income before reclassification 421 - 421 Amounts reclassified from accumulated other comprehensive income (loss) 104 - 104 Net current period other comprehensive income 525 - 525 Accumulated Other Comprehensive Income (Loss) at September 30, 2017 $ (154) $ (3,812) $ (3,966) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | (Dollar amounts in thousands) Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Details about Accumulated Other For the three months Statement Where Net Comprehensive Income Components ended September 30, 2018 Income is Presented Unrealized gains and losses on available-for-sale securities $ (4) Net gain on sale of available-for-sale securities Unrealized gains and losses on available-for-sale securities - Other than temporary impairment losses 1 Provision for income taxes Total reclassifications for the period $ (3) Net of tax (Dollar amounts in thousands) Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Details about Accumulated Other For the three months Statement Where Net Comprehensive Loss Components ended September 30, 2017 Income is Presented Unrealized gains and losses on available-for-sale securities $ - Net gain on sale of available-for-sale securities $ - Other than temporary impairment losses - Provision for income taxes Total reclassifications for the period $ - Net of tax (Dollar amounts in thousands) Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Details about Accumulated Other For the nine months Statement Where Net Comprehensive Income Components ended September 30, 2018 Income is Presented Unrealized gains and losses on available-for-sale securities $ (34) Net gain on sale of available-for-sale securities Unrealized gains and losses on available-for-sale securities - Other than temporary impairment losses 7 Provision for income taxes Total reclassifications for the period $ (27) Net of tax (Dollar amounts in thousands) Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Details about Accumulated Other For the nine months Statement Where Net Comprehensive Income Components ended September 30, 2017 Income is Presented Unrealized gains and losses on available-for-sale securities $ 350 Net gain on sale of available-for-sale securities Unrealized gains and losses on available-for-sale securities (508) Other than temporary impairment losses 54 Provision for income taxes Total reclassifications for the period $ (104) Net of tax |
Note 11 - Revenue Recognition (
Note 11 - Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | (Dollar amounts in thousands) Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Non Interest Income In-scope of Topic 606: Service charges on deposits Maintenance fees $ 38 $ 40 $ 114 $ 118 Overdraft fees 417 341 1,100 965 Other fees 73 66 214 207 Electronic banking fees 327 292 971 855 Noninterest income (in-scope of Topic 606) 855 739 2,399 2,145 Noninterest income (out-of-scope of Topic 606) 207 1,535 610 1,851 Total noninterest income $ 1,062 $ 2,274 $ 3,009 $ 3,996 |
Note 2 - Mergers and Acquisit_2
Note 2 - Mergers and Acquisitions (Details Textual) - USD ($) | Oct. 01, 2018 | Dec. 31, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 |
Business Combination, Acquisition Related Costs | $ 677,000 | $ 963,000 | $ 1,036,000 | $ 1,069,000 | ||
Scenario, Forecast [Member] | ||||||
Business Combination, Acquisition Related Costs | $ 2,600,000 | |||||
Community First [Member] | Subsequent Event [Member] | ||||||
Business Combination Consideration Transferred Equity Interests Issued and Issuable Per Share | 1.2008 | |||||
Business Combination Consideration Transferred Cash, Per Share | $ 6.95 | |||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 15,600,000 | |||||
Payments to Acquire Businesses, Gross | 2,400,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total | 121,000,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | 111,600,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | $ 106,500,000 |
Note 3 - Earnings Per Common _3
Note 3 - Earnings Per Common Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Earnings per common share - basic | ||||
Net income | $ 1,161 | $ 1,707 | $ 3,935 | $ 3,704 |
Preferred stock dividends | ||||
Net income available to common stockholders | $ 1,161 | $ 1,707 | $ 3,935 | $ 3,704 |
Average common shares outstanding - basic (in shares) | 2,271,139 | 2,204,949 | 2,271,139 | 2,174,210 |
Basic earnings per common share (in dollars per share) | $ 0.51 | $ 0.77 | $ 1.73 | $ 1.70 |
Earnings per common share - diluted | ||||
Net income available to common stockholders | $ 1,161 | $ 1,707 | $ 3,935 | $ 3,704 |
Average common shares outstanding - basic (in shares) | 2,271,139 | 2,204,949 | 2,271,139 | 2,174,210 |
Add: Dilutive effects of assumed issuance of restricted stock and exercise of stock options (in shares) | 20,147 | 15,471 | 17,584 | 16,437 |
Average shares and dilutive potential common shares (in shares) | 2,291,286 | 2,220,420 | 2,288,723 | 2,190,647 |
Diluted earnings per common share (in dollars per share) | $ 0.51 | $ 0.77 | $ 1.72 | $ 1.69 |
Stock options not considered in computing earnings per share because they were antidilutive (in shares) |
Note 4 - Securities (Details Te
Note 4 - Securities (Details Textual) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2018USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Equity Securities, FV-NI | $ 473,000 | $ 473,000 | $ 1,817,000 |
Equity Securities, FV-NI, Gain (Loss), Total | (1,000) | 62,000 | |
Equity Securities Sold, Amount | $ 0 | 1,200,000 | |
Equity Securities, FV-NI, Realized Gain (Loss), Total | $ (25,000) | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 133 | 133 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 56 | 56 | |
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 24 | 24 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 12 | 12 | |
US Government-sponsored Enterprises Debt Securities [Member] | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 8 | 8 | |
Collateralized Mortgage Backed Securities [Member] | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 6 | 6 | |
US Treasury and Government [Member] | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 5 | 5 | |
Corporate Debt Securities [Member] | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 1 | 1 |
Note 4 - Securities - Summary o
Note 4 - Securities - Summary of Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt securities, amortized cost | $ 100,752 | $ 100,446 |
Debt securities, gross unrealized gains | 40 | 159 |
Debt securities, gross unrealized losses | (3,283) | (1,255) |
Debt securities, fair value | 97,509 | 99,350 |
US Treasury and Government [Member] | ||
Debt securities, amortized cost | 4,534 | 4,541 |
Debt securities, gross unrealized gains | ||
Debt securities, gross unrealized losses | (139) | (69) |
Debt securities, fair value | 4,395 | 4,472 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt securities, amortized cost | 17,058 | 14,136 |
Debt securities, gross unrealized gains | 2 | |
Debt securities, gross unrealized losses | (508) | (212) |
Debt securities, fair value | 16,550 | 13,926 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt securities, amortized cost | 28,526 | 20,904 |
Debt securities, gross unrealized gains | 7 | |
Debt securities, gross unrealized losses | (862) | (153) |
Debt securities, fair value | 27,664 | 20,758 |
Collateralized Mortgage Obligations [Member] | ||
Debt securities, amortized cost | 20,171 | 22,607 |
Debt securities, gross unrealized gains | 36 | 25 |
Debt securities, gross unrealized losses | (1,002) | (708) |
Debt securities, fair value | 19,205 | 21,924 |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt securities, amortized cost | 22,943 | 29,249 |
Debt securities, gross unrealized gains | 3 | 87 |
Debt securities, gross unrealized losses | (686) | (96) |
Debt securities, fair value | 22,260 | 29,240 |
Corporate Debt Securities [Member] | ||
Debt securities, amortized cost | 7,520 | 9,009 |
Debt securities, gross unrealized gains | 1 | 38 |
Debt securities, gross unrealized losses | (86) | (17) |
Debt securities, fair value | $ 7,435 | $ 9,030 |
Note 4 - Securities - Maturity
Note 4 - Securities - Maturity of Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Due in one year or less, amortized cost | $ 1,924 | |
Due in one year or less, fair value | 1,912 | |
Due after one year through five years, amortized cost | 30,077 | |
Due after one year through five years, fair value | 29,308 | |
Due after five through ten years, amortized cost | 15,305 | |
Due after five through ten years, fair value | 14,803 | |
Due after ten years, amortized cost | 4,749 | |
Due after ten years, fair value | 4,617 | |
Securities without single maturity date, amortized cost | 100,752 | |
Securities-available for sale | 97,509 | $ 99,350 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities without single maturity date, amortized cost | 28,526 | |
Securities without single maturity date, fair value | 27,664 | |
Securities-available for sale | 27,664 | 20,758 |
Collateralized Mortgage Obligations [Member] | ||
Securities without single maturity date, amortized cost | 20,171 | |
Securities without single maturity date, fair value | 19,205 | |
Securities-available for sale | $ 19,205 | $ 21,924 |
Note 4 - Securities - Securitie
Note 4 - Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Less than 12 months, fair value | $ 51,556 | $ 27,562 |
Less than 12 months, unrealized loss | (1,321) | (182) |
12 months or more, fair value | 39,554 | 43,661 |
12 months or more, unrealized loss | (1,962) | (1,073) |
Total, fair value | 91,110 | 71,223 |
Total, unrealized loss | (3,283) | (1,255) |
US Treasury and Government [Member] | ||
Less than 12 months, fair value | ||
Less than 12 months, unrealized loss | ||
12 months or more, fair value | 4,395 | 4,472 |
12 months or more, unrealized loss | (139) | (69) |
Total, fair value | 4,395 | 4,472 |
Total, unrealized loss | (139) | (69) |
US Government Agencies Debt Securities [Member] | ||
Less than 12 months, fair value | 7,796 | 3,447 |
Less than 12 months, unrealized loss | (134) | (42) |
12 months or more, fair value | 8,754 | 8,975 |
12 months or more, unrealized loss | (374) | (170) |
Total, fair value | 16,550 | 12,422 |
Total, unrealized loss | (508) | (212) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, fair value | 21,938 | 9,659 |
Less than 12 months, unrealized loss | (600) | (48) |
12 months or more, fair value | 5,726 | 6,581 |
12 months or more, unrealized loss | (262) | (105) |
Total, fair value | 27,664 | 16,240 |
Total, unrealized loss | (862) | (153) |
Collateralized Mortgage Obligations [Member] | ||
Less than 12 months, fair value | 1,500 | 954 |
Less than 12 months, unrealized loss | (5) | (16) |
12 months or more, fair value | 15,870 | 19,147 |
12 months or more, unrealized loss | (997) | (692) |
Total, fair value | 17,370 | 20,101 |
Total, unrealized loss | (1,002) | (708) |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, fair value | 17,386 | 10,510 |
Less than 12 months, unrealized loss | (514) | (60) |
12 months or more, fair value | 4,325 | 3,487 |
12 months or more, unrealized loss | (172) | (36) |
Total, fair value | 21,711 | 13,997 |
Total, unrealized loss | (686) | (96) |
Corporate Debt Securities [Member] | ||
Less than 12 months, fair value | 2,936 | 2,992 |
Less than 12 months, unrealized loss | (68) | (16) |
12 months or more, fair value | 484 | 999 |
12 months or more, unrealized loss | (18) | (1) |
Total, fair value | 3,420 | 3,991 |
Total, unrealized loss | $ (86) | $ (17) |
Note 4 - Securities - Gains on
Note 4 - Securities - Gains on Sales of Available for Sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Proceeds | $ 5,888 | $ 12,683 | $ 18,195 | |
(Losses) Gains | (4) | (34) | 350 | |
Tax provision related to gains | $ (1) | $ (7) | $ 119 |
Note 5 - Loans Receivable and_3
Note 5 - Loans Receivable and Related Allowance for Loan Losses (Details Textual) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2016USD ($) | |
Loans and Leases Receivable, Deferred Income, Total | $ 1,900,000 | $ 1,900,000 | $ 1,500,000 | |||||
Loans and Leases Receivable, Allowance, Ending Balance | 6,360,000 | $ 5,940,000 | 6,360,000 | $ 5,940,000 | $ 6,118,000 | 6,127,000 | $ 5,767,000 | $ 5,545,000 |
Financing Receivable, Modifications, Recorded Investment | 407,000 | 407,000 | 433,000 | |||||
Allowance for Losses Allocated to Loans Classified as TDRS | $ 7,000 | $ 7,000 | 7,000 | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | ||||
Residential Portfolio Segment [Member] | ||||||||
Loans and Leases Receivable, Allowance, Ending Balance | $ 2,161,000 | $ 2,038,000 | $ 2,161,000 | $ 2,038,000 | $ 2,033,000 | $ 2,090,000 | $ 1,994,000 | $ 1,846,000 |
Financing Receivable, Modifications, Recorded Investment | 323,000 | 323,000 | ||||||
Allowance for Losses Allocated to Loans Classified as TDRS | $ 0 | $ 0 | ||||||
Financing Receivable, Modifications, Number of Contracts | 1 | |||||||
Northern Hancock [Member] | ||||||||
Loans and Leases Receivable, Allowance, Ending Balance | 0 | 0 | ||||||
United American Savings Bank [Member] | ||||||||
Loans and Leases Receivable, Allowance, Ending Balance | $ 0 | $ 0 |
Note 5 - Loans Receivable and_4
Note 5 - Loans Receivable and Related Allowance for Loan Losses - Summary of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Loans, gross | $ 598,485 | $ 583,361 | ||||
Allowance for loan losses | 6,360 | $ 6,118 | 6,127 | $ 5,940 | $ 5,767 | $ 5,545 |
Total loans, net | 592,125 | 577,234 | ||||
Mortgage Receivable [Member] | ||||||
Loans, gross | 536,943 | 514,831 | ||||
Other Loans [Member] | ||||||
Loans, gross | 61,542 | 68,530 | ||||
Residential Portfolio Segment [Member] | ||||||
Loans, gross | 237,106 | 221,823 | ||||
Allowance for loan losses | 2,161 | 2,033 | 2,090 | 2,038 | 1,994 | 1,846 |
Residential Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Loans, gross | 237,106 | 221,823 | ||||
Home Equity Loans and Lines of Credit [Member] | ||||||
Loans, gross | 99,668 | 99,940 | ||||
Allowance for loan losses | 659 | 650 | 646 | 627 | 639 | 633 |
Home Equity Loans and Lines of Credit [Member] | Mortgage Receivable [Member] | ||||||
Loans, gross | 99,668 | 99,940 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Loans, gross | 200,169 | 193,068 | ||||
Allowance for loan losses | 2,970 | 2,882 | 2,753 | 2,626 | 2,460 | 2,314 |
Commercial Real Estate Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Loans, gross | 200,169 | 193,068 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans, gross | 52,594 | 58,941 | ||||
Allowance for loan losses | 510 | 499 | 585 | 596 | 621 | 700 |
Commercial Portfolio Segment [Member] | Other Loans [Member] | ||||||
Loans, gross | 52,594 | 58,941 | ||||
Consumer Portfolio Segment [Member] | ||||||
Loans, gross | 8,948 | 9,589 | ||||
Allowance for loan losses | 60 | $ 54 | 53 | $ 53 | $ 53 | $ 52 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Loans, gross | $ 8,948 | $ 9,589 |
Note 5 - Loans Receivable and_5
Note 5 - Loans Receivable and Related Allowance for Loan Losses - Activity in Allowance for Loan Losses by Portfolio (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | |
Beginning Balance | $ 6,118 | $ 5,767 | $ 6,127 | $ 5,545 | $ 5,545 | ||
Charge-offs | (76) | (101) | (807) | (275) | |||
Recoveries | 18 | 4 | 60 | 37 | |||
Provision | 300 | 270 | 980 | 633 | |||
Ending Balance | 6,360 | 5,940 | 6,360 | 5,940 | 6,127 | ||
Individually evaluated for impairment | $ 7 | $ 7 | |||||
Acquired loans | |||||||
Collectively evaluated for impairment | 6,353 | 6,120 | |||||
Total | 6,360 | 5,767 | 6,360 | 5,940 | 6,127 | 6,360 | 6,127 |
Individually evaluated for impairment | 2,958 | 1,916 | |||||
Acquired loans | 53,226 | 62,921 | |||||
Collectively evaluated for impairment | 542,301 | 518,524 | |||||
Loans, gross | 598,485 | 583,361 | |||||
Residential Portfolio Segment [Member] | |||||||
Beginning Balance | 2,033 | 1,994 | 2,090 | 1,846 | 1,846 | ||
Charge-offs | (2) | (61) | (38) | ||||
Recoveries | 3 | ||||||
Provision | 128 | 46 | 129 | 230 | |||
Ending Balance | 2,161 | 2,038 | 2,161 | 2,038 | 2,090 | ||
Individually evaluated for impairment | 7 | 7 | |||||
Acquired loans | |||||||
Collectively evaluated for impairment | 2,154 | 2,083 | |||||
Total | 2,033 | 1,994 | 2,161 | 2,038 | 2,090 | 2,161 | 2,090 |
Individually evaluated for impairment | 401 | 425 | |||||
Acquired loans | 17,767 | 20,300 | |||||
Collectively evaluated for impairment | 218,938 | 201,098 | |||||
Loans, gross | 237,106 | 221,823 | |||||
Home Equity Loans and Lines of Credit [Member] | |||||||
Beginning Balance | 650 | 639 | 646 | 633 | 633 | ||
Charge-offs | (26) | (33) | (109) | (44) | |||
Recoveries | 1 | 1 | 12 | 21 | |||
Provision | 34 | 20 | 110 | 17 | |||
Ending Balance | 659 | 627 | 659 | 627 | 646 | ||
Individually evaluated for impairment | |||||||
Acquired loans | |||||||
Collectively evaluated for impairment | 659 | 646 | |||||
Total | 650 | 639 | 659 | 627 | 646 | 659 | 646 |
Individually evaluated for impairment | 6 | 8 | |||||
Acquired loans | 9,817 | 10,873 | |||||
Collectively evaluated for impairment | 89,845 | 89,059 | |||||
Loans, gross | 99,668 | 99,940 | |||||
Commercial Real Estate Portfolio Segment [Member] | |||||||
Beginning Balance | 2,882 | 2,460 | 2,753 | 2,314 | 2,314 | ||
Charge-offs | (6) | (36) | (424) | (126) | |||
Recoveries | 13 | 2 | 32 | 6 | |||
Provision | 81 | 200 | 609 | 432 | |||
Ending Balance | 2,970 | 2,626 | 2,970 | 2,626 | 2,753 | ||
Individually evaluated for impairment | |||||||
Acquired loans | |||||||
Collectively evaluated for impairment | 2,970 | 2,753 | |||||
Total | 2,882 | 2,460 | 2,970 | 2,626 | 2,753 | 2,970 | 2,753 |
Individually evaluated for impairment | 2,512 | 914 | |||||
Acquired loans | 22,784 | 27,404 | |||||
Collectively evaluated for impairment | 174,873 | 164,750 | |||||
Loans, gross | 200,169 | 193,068 | |||||
Commercial Portfolio Segment [Member] | |||||||
Beginning Balance | 499 | 621 | 585 | 700 | 700 | ||
Charge-offs | (4) | (14) | |||||
Recoveries | 1 | ||||||
Provision | 11 | (21) | (76) | (90) | |||
Ending Balance | 510 | 596 | 510 | 596 | 585 | ||
Individually evaluated for impairment | |||||||
Acquired loans | |||||||
Collectively evaluated for impairment | 510 | 585 | |||||
Total | 499 | 621 | 510 | 596 | 585 | 510 | 585 |
Individually evaluated for impairment | 39 | 569 | |||||
Acquired loans | 1,778 | 1,451 | |||||
Collectively evaluated for impairment | 50,777 | 56,921 | |||||
Loans, gross | 52,594 | 58,941 | |||||
Consumer Portfolio Segment [Member] | |||||||
Beginning Balance | 54 | 53 | 53 | 52 | 52 | ||
Charge-offs | (44) | (26) | (213) | (53) | |||
Recoveries | 4 | 1 | 12 | 10 | |||
Provision | 46 | 25 | 208 | 44 | |||
Ending Balance | 60 | 53 | 60 | 53 | 53 | ||
Individually evaluated for impairment | |||||||
Acquired loans | |||||||
Collectively evaluated for impairment | 60 | 53 | |||||
Total | $ 54 | $ 53 | 60 | $ 53 | 53 | 60 | 53 |
Individually evaluated for impairment | |||||||
Acquired loans | $ 1,080 | $ 2,893 | |||||
Collectively evaluated for impairment | 7,868 | 6,696 | |||||
Loans, gross | $ 8,948 | $ 9,589 |
Note 5 - Loans Receivable and_6
Note 5 - Loans Receivable and Related Allowance for Loan Losses - Impaired Loans by Class (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Impaired loans with specific allowance, unpaid principal balance | $ 80 | $ 76 | $ 80 | $ 76 | $ 83 |
Impaired loans with specific allowance, recorded investment | 80 | 76 | 80 | 76 | 83 |
Related allowance | 7 | 8 | 7 | 8 | 7 |
Impaired loans with specific allowance, average recorded investment | 81 | 76 | 82 | 377 | 319 |
Impaired loans with specific allowance, interest income recognized in period | 1 | 2 | 2 | 3 | |
Impaired loans with specific allowance, cash basis interest recognized in period | 1 | 2 | 2 | 3 | |
Impaired loans with no specific allowance, unpaid principal balance | 2,989 | 2,167 | 2,989 | 2,167 | 2,119 |
Impaired loans with no specific allowance, recorded investment | 2,878 | 1,881 | 2,878 | 1,881 | 1,833 |
Impaired loans with no specific allowance, average recorded investment | 1,647 | 1,911 | 1,590 | 1,595 | 1,642 |
Impaired loans with no specific allowance, interest income recognized in period | 86 | 3 | 202 | 9 | 14 |
Impaired loans with no specific allowance, cash basis interest recognized in period | 5 | 3 | 119 | 9 | 14 |
Residential Portfolio Segment [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | 74 | 76 | 74 | 76 | 75 |
Impaired loans with specific allowance, recorded investment | 74 | 76 | 74 | 76 | 75 |
Related allowance | 7 | 8 | 7 | 8 | 7 |
Impaired loans with specific allowance, average recorded investment | 74 | 76 | 75 | 91 | 88 |
Impaired loans with specific allowance, interest income recognized in period | 1 | 2 | 2 | 3 | |
Impaired loans with specific allowance, cash basis interest recognized in period | 1 | 2 | 2 | 3 | |
Impaired loans with no specific allowance, unpaid principal balance | 438 | 469 | 438 | 469 | 461 |
Impaired loans with no specific allowance, recorded investment | 327 | 357 | 327 | 357 | 350 |
Impaired loans with no specific allowance, average recorded investment | 330 | 362 | 338 | 274 | 289 |
Impaired loans with no specific allowance, interest income recognized in period | 2 | 1 | 3 | 5 | 8 |
Impaired loans with no specific allowance, cash basis interest recognized in period | 2 | 1 | 3 | 5 | 8 |
Home Equity Loans and Lines of Credit [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | 6 | 6 | 8 | ||
Impaired loans with specific allowance, recorded investment | 6 | 6 | 8 | ||
Related allowance | |||||
Impaired loans with specific allowance, average recorded investment | 7 | 7 | 2 | ||
Impaired loans with specific allowance, interest income recognized in period | |||||
Impaired loans with specific allowance, cash basis interest recognized in period | |||||
Impaired loans with no specific allowance, unpaid principal balance | |||||
Impaired loans with no specific allowance, recorded investment | |||||
Impaired loans with no specific allowance, average recorded investment | |||||
Impaired loans with no specific allowance, interest income recognized in period | |||||
Impaired loans with no specific allowance, cash basis interest recognized in period | |||||
Commercial Real Estate Portfolio Segment [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | |||||
Impaired loans with specific allowance, recorded investment | |||||
Related allowance | |||||
Impaired loans with specific allowance, average recorded investment | 139 | 111 | |||
Impaired loans with specific allowance, interest income recognized in period | |||||
Impaired loans with specific allowance, cash basis interest recognized in period | |||||
Impaired loans with no specific allowance, unpaid principal balance | 2,512 | 1,113 | 2,512 | 1,113 | 1,089 |
Impaired loans with no specific allowance, recorded investment | 2,512 | 939 | 2,512 | 939 | 914 |
Impaired loans with no specific allowance, average recorded investment | 1,278 | 957 | 952 | 840 | 855 |
Impaired loans with no specific allowance, interest income recognized in period | 83 | 1 | 125 | 2 | 3 |
Impaired loans with no specific allowance, cash basis interest recognized in period | 2 | 1 | 42 | 2 | 3 |
Commercial Portfolio Segment [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | |||||
Impaired loans with specific allowance, recorded investment | |||||
Related allowance | |||||
Impaired loans with specific allowance, average recorded investment | 147 | 118 | |||
Impaired loans with specific allowance, interest income recognized in period | |||||
Impaired loans with specific allowance, cash basis interest recognized in period | |||||
Impaired loans with no specific allowance, unpaid principal balance | 39 | 585 | 39 | 585 | 569 |
Impaired loans with no specific allowance, recorded investment | 39 | 585 | 39 | 585 | 569 |
Impaired loans with no specific allowance, average recorded investment | 39 | 592 | 300 | 481 | 498 |
Impaired loans with no specific allowance, interest income recognized in period | 1 | 1 | 74 | 2 | 3 |
Impaired loans with no specific allowance, cash basis interest recognized in period | 1 | 1 | 74 | 2 | 3 |
Consumer Portfolio Segment [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | |||||
Impaired loans with specific allowance, recorded investment | |||||
Related allowance | |||||
Impaired loans with specific allowance, average recorded investment | |||||
Impaired loans with specific allowance, interest income recognized in period | |||||
Impaired loans with specific allowance, cash basis interest recognized in period | |||||
Impaired loans with no specific allowance, unpaid principal balance | |||||
Impaired loans with no specific allowance, recorded investment | |||||
Impaired loans with no specific allowance, average recorded investment | |||||
Impaired loans with no specific allowance, interest income recognized in period | |||||
Impaired loans with no specific allowance, cash basis interest recognized in period |
Note 5 - Loans Receivable and_7
Note 5 - Loans Receivable and Related Allowance for Loan Losses - Loan Portfolio by Internal Risk Rating (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans | $ 598,485 | $ 583,361 |
Residential Portfolio Segment [Member] | ||
Loans | 237,106 | 221,823 |
Home Equity Loans and Lines of Credit [Member] | ||
Loans | 99,668 | 99,940 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 200,169 | 193,068 |
Commercial Portfolio Segment [Member] | ||
Loans | 52,594 | 58,941 |
Consumer Portfolio Segment [Member] | ||
Loans | 8,948 | 9,589 |
Not Rated [Member] | ||
Loans | 343,315 | 329,119 |
Not Rated [Member] | Residential Portfolio Segment [Member] | ||
Loans | 235,817 | 220,730 |
Not Rated [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | 98,647 | 98,946 |
Not Rated [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | ||
Not Rated [Member] | Commercial Portfolio Segment [Member] | ||
Loans | ||
Not Rated [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 8,851 | 9,443 |
Pass [Member] | ||
Loans | 240,654 | 239,420 |
Pass [Member] | Residential Portfolio Segment [Member] | ||
Loans | ||
Pass [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | ||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 189,273 | 182,460 |
Pass [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 51,381 | 56,960 |
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans | ||
Special Mention [Member] | ||
Loans | 3,935 | 3,221 |
Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Loans | ||
Special Mention [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | ||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 3,785 | 2,744 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 150 | 477 |
Special Mention [Member] | Consumer Portfolio Segment [Member] | ||
Loans | ||
Substandard [Member] | ||
Loans | 10,581 | 11,601 |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Loans | 1,289 | 1,093 |
Substandard [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | 1,021 | 994 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 7,111 | 7,864 |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 1,063 | 1,504 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 97 | 146 |
Doubtful [Member] | ||
Loans | ||
Doubtful [Member] | Residential Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | ||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Commercial Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Consumer Portfolio Segment [Member] | ||
Loans |
Note 5 - Loans Receivable and_8
Note 5 - Loans Receivable and Related Allowance for Loan Losses - Classes of Loan Portfolio by Aging Categories (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Accruing loans not past due | $ 588,285 | $ 574,298 |
Nonaccrual | 4,953 | 3,003 |
Loans | 598,485 | 583,361 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accruing loans past due | 4,081 | 3,907 |
Nonaccrual | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accruing loans past due | 631 | 1,463 |
Nonaccrual | 342 | 75 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accruing loans past due | 535 | 690 |
Nonaccrual | 1,554 | 1,644 |
Residential Portfolio Segment [Member] | ||
Accruing loans not past due | 233,448 | 218,515 |
Nonaccrual | 1,083 | 856 |
Loans | 237,106 | 221,823 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accruing loans past due | 2,019 | 1,936 |
Nonaccrual | ||
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accruing loans past due | 427 | 357 |
Nonaccrual | 74 | 75 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accruing loans past due | 129 | 159 |
Nonaccrual | 663 | 415 |
Home Equity Loans and Lines of Credit [Member] | ||
Accruing loans not past due | 97,716 | 98,112 |
Nonaccrual | 521 | 526 |
Loans | 99,668 | 99,940 |
Home Equity Loans and Lines of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accruing loans past due | 906 | 598 |
Nonaccrual | ||
Home Equity Loans and Lines of Credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accruing loans past due | 146 | 370 |
Nonaccrual | ||
Home Equity Loans and Lines of Credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accruing loans past due | 379 | 334 |
Nonaccrual | 514 | 518 |
Commercial Real Estate Portfolio Segment [Member] | ||
Accruing loans not past due | 196,184 | 190,451 |
Nonaccrual | 3,240 | 964 |
Loans | 200,169 | 193,068 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accruing loans past due | 737 | 1,026 |
Nonaccrual | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accruing loans past due | 8 | 430 |
Nonaccrual | 268 | |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accruing loans past due | 197 | |
Nonaccrual | 307 | 623 |
Commercial Portfolio Segment [Member] | ||
Accruing loans not past due | 52,233 | 58,058 |
Nonaccrual | 39 | 584 |
Loans | 52,594 | 58,941 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accruing loans past due | 322 | 74 |
Nonaccrual | ||
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accruing loans past due | 225 | |
Nonaccrual | ||
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accruing loans past due | ||
Nonaccrual | 15 | |
Consumer Portfolio Segment [Member] | ||
Accruing loans not past due | 8,704 | 9,162 |
Nonaccrual | 70 | 73 |
Loans | 8,948 | 9,589 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accruing loans past due | 97 | 273 |
Nonaccrual | ||
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accruing loans past due | 50 | 81 |
Nonaccrual | ||
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accruing loans past due | 27 | |
Nonaccrual | $ 70 | $ 73 |
Note 5 - Loans Receivable and_9
Note 5 - Loans Receivable and Related Allowance for Loan Losses - Nonaccrual Loans by Aging Category (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Nonaccrual | $ 4,953 | $ 3,003 |
Residential Portfolio Segment [Member] | ||
Nonaccrual | 1,083 | 856 |
Home Equity Loans and Lines of Credit [Member] | ||
Nonaccrual | 521 | 526 |
Commercial Real Estate Portfolio Segment [Member] | ||
Nonaccrual | 3,240 | 964 |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 39 | 584 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual | 70 | 73 |
Not Past Due [Member] | ||
Nonaccrual | 3,057 | 1,284 |
Not Past Due [Member] | Residential Portfolio Segment [Member] | ||
Nonaccrual | 346 | 366 |
Not Past Due [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Nonaccrual | 7 | 8 |
Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Nonaccrual | 2,665 | 341 |
Not Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Nonaccrual | 39 | 569 |
Not Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Nonaccrual | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Nonaccrual | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Nonaccrual | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Nonaccrual | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Nonaccrual | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Nonaccrual | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Nonaccrual | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Nonaccrual | 342 | 75 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Nonaccrual | 74 | 75 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Nonaccrual | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Nonaccrual | 268 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Nonaccrual | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Nonaccrual | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Nonaccrual | 1,554 | 1,644 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Nonaccrual | 663 | 415 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Nonaccrual | 514 | 518 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Nonaccrual | 307 | 623 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Nonaccrual | 15 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Nonaccrual | $ 70 | $ 73 |
Note 6 - Goodwill and Intangi_3
Note 6 - Goodwill and Intangible Assets (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Business Acquisition Number of Acquisitions Resulting in Goodwill | 4 | 4 | |||
Goodwill, Impairment Loss | $ 0 | $ 0 | |||
Business Acquisition, Number of Acquisitions Resulting in Intangible Assets | 3 | 3 | |||
Amortization of Intangible Assets, Total | $ 67,000 | $ 58,000 | $ 203,000 | $ 177,000 |
Note 6 - Goodwill and Intangi_4
Note 6 - Goodwill and Intangible Assets - Acquired Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Goodwill | $ 10,288 | $ 10,288 |
Core deposit intangibles, gross carring amount | 4,426 | 4,426 |
Core deposit intangibles, accumulated amortization | 4,148 | 3,945 |
Total, gross carring amount | $ 14,714 | $ 14,714 |
Note 7 - Stock Compensation P_3
Note 7 - Stock Compensation Plan (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Apr. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 176,866 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 0 | 0 | |||
Allocated Share-based Compensation Expense, Total | $ 37,000 | $ 55,000 | $ 187,000 | $ 164,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 411,000 | $ 411,000 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 3 years | ||||
Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 52,533 | 52,533 | |||
Employee Stock Option [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 88,433 | 88,433 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 10 years |
Note 7 - Stock Compensation P_4
Note 7 - Stock Compensation Plan - Summary of Nonvested Restricted Stock Awards (Details) - Restricted Stock [Member] | 9 Months Ended |
Sep. 30, 2018$ / sharesshares | |
Nonvested (in shares) | shares | 33,400 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 27.70 |
Granted (in shares) | shares | |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | |
Vested (in shares) | shares | |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | |
Forfeited (in shares) | shares | (2,500) |
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares | $ 27.17 |
Nonvested (in shares) | shares | 30,900 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 27.74 |
Note 8 - Fair Value (Details Te
Note 8 - Fair Value (Details Textual) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Provision for Loan Losses Expensed | $ 300,000 | $ 270,000 | $ 980,000 | $ 633,000 | ||
Other Real Estate, Ending Balance | 0 | 0 | $ 0 | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales | 25,000 | |||||
Fair Value, Measurements, Nonrecurring [Member] | ||||||
Other Real Estate, Ending Balance | $ 0 | $ 0 | 0 | |||
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member] | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales | $ 25,000 | |||||
Measurement Input, Discount Rate [Member] | ||||||
Alternative Investment, Measurement Input | 0.1 | 0.1 | ||||
Real Estate Loan [Member] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance, Total | $ 62,000 | $ 62,000 | 68,000 | |||
Home Equity Loan [Member] | ||||||
Impaired Financing Receivable, Unpaid Principal Balance, Total | 6,000 | 6,000 | 8,000 | |||
Market and Income Approach Valuation Technique [Member] | ||||||
Impaired Financing Receivable, Recorded Investment, Total | 0 | 0 | $ 0 | |||
Market and Income Approach Valuation Technique [Member] | Impaired Loans [Member] | ||||||
Provision for Loan Losses Expensed | $ 0 | $ 0 | $ 0 | $ 0 |
Note 8 - Fair Value - Assets Me
Note 8 - Fair Value - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Securities-available for sale | $ 97,509,000 | $ 99,350,000 |
Securities-equity investments | 473,000 | 1,817,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities-available for sale | 4,395,000 | 4,472,000 |
Securities-equity investments | 473,000 | 1,683,000 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities-available for sale | 89,614,000 | 86,880,000 |
Securities-equity investments | ||
Fair Value, Inputs, Level 3 [Member] | ||
Securities-available for sale | 3,500,000 | 7,998,000 |
Securities-equity investments | 134,000 | |
US Treasury and Government [Member] | ||
Securities-available for sale | 4,395,000 | 4,472,000 |
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities-available for sale | 4,395,000 | 4,472,000 |
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities-available for sale | ||
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities-available for sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities-available for sale | 16,550,000 | 13,926,000 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities-available for sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities-available for sale | 16,550,000 | 13,926,000 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities-available for sale | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities-available for sale | 27,664,000 | 20,758,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities-available for sale | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities-available for sale | 27,664,000 | 20,758,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities-available for sale | ||
Collateralized Mortgage Obligations [Member] | ||
Securities-available for sale | 19,205,000 | 21,924,000 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities-available for sale | ||
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities-available for sale | 19,205,000 | 21,924,000 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities-available for sale | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Securities-available for sale | 22,260,000 | 29,240,000 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities-available for sale | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities-available for sale | 22,260,000 | 29,240,000 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities-available for sale | ||
Corporate Debt Securities [Member] | ||
Securities-available for sale | 7,435,000 | 9,030,000 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities-available for sale | ||
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities-available for sale | 3,935,000 | 1,032,000 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities-available for sale | $ 3,500,000 | $ 7,998,000 |
Note 8 - Fair Value - Changes i
Note 8 - Fair Value - Changes in Level 3 Assets Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | |
Balance at the beginning of the period | $ 3,500 | $ 135 | $ 8,132 | $ 8,132 | $ 136 |
Included in earnings | 1 | ||||
Included in other comprehensive income | (1) | (2) | |||
Acquired | |||||
Sold out of Level 3 | (25) | ||||
Transfers in and/or out of Level 3 | (4,608) | ||||
Balance at the end of the period | $ 3,500 | $ 134 | $ 3,500 | $ 3,500 | $ 134 |
Note 8 - Fair Value - Carrying
Note 8 - Fair Value - Carrying Amount and Fair Value of Financial Instruments Included in the Consolidated Balance Sheet (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Financial Assets: | ||
Securities-available for sale | $ 97,509,000 | $ 99,350,000 |
Securities-equities | 473,000 | 1,817,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Securities-available for sale | 4,395,000 | 4,472,000 |
Securities-equities | 473,000 | 1,683,000 |
Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Securities-available for sale | 89,614,000 | 86,880,000 |
Securities-equities | ||
Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Securities-available for sale | 3,500,000 | 7,998,000 |
Securities-equities | 134,000 | |
Reported Value Measurement [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 22,680,000 | 14,374,000 |
Securities-available for sale | 97,509,000 | 99,350,000 |
Securities-equities | 473,000 | 1,817,000 |
Loans held for sale | 120,000 | 504,000 |
Loans, net | 592,125,000 | 577,234,000 |
Federal bank stock | 4,466,000 | 4,662,000 |
Accrued interest receivable | 2,302,000 | 2,217,000 |
Total | 719,675,000 | 700,158,000 |
Accrued interest receivable | 2,302,000 | 2,217,000 |
Total | 719,675,000 | 700,158,000 |
Financial Liabilities: | ||
Deposits | 682,361,000 | 654,643,000 |
Borrowed funds | 19,800,000 | 26,000,000 |
Accrued interest payable | 460,000 | 413,000 |
Total | 702,621,000 | 681,056,000 |
Borrowed funds | 19,800,000 | 26,000,000 |
Estimate of Fair Value Measurement [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 22,680,000 | 14,374,000 |
Securities-available for sale | 97,509,000 | 99,350,000 |
Securities-equities | 473,000 | 1,817,000 |
Loans held for sale | 120,000 | 504,000 |
Loans, net | 583,741,000 | 577,616,000 |
Federal bank stock | ||
Accrued interest receivable | 2,302,000 | 2,217,000 |
Total | 706,825,000 | 695,878,000 |
Accrued interest receivable | 2,302,000 | 2,217,000 |
Total | 706,825,000 | 695,878,000 |
Financial Liabilities: | ||
Deposits | 685,333,000 | 657,414,000 |
Borrowed funds | 19,414,000 | 25,499,000 |
Accrued interest payable | 460,000 | 413,000 |
Total | 705,207,000 | 683,326,000 |
Borrowed funds | 19,414,000 | 25,499,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 22,680,000 | 14,374,000 |
Securities-available for sale | 4,395,000 | 4,472,000 |
Securities-equities | 473,000 | 1,683,000 |
Loans held for sale | ||
Loans, net | ||
Federal bank stock | ||
Accrued interest receivable | 88,000 | 59,000 |
Total | 27,636,000 | 20,588,000 |
Accrued interest receivable | 88,000 | 59,000 |
Total | 27,636,000 | 20,588,000 |
Financial Liabilities: | ||
Deposits | 513,011,000 | 483,956,000 |
Borrowed funds | ||
Accrued interest payable | 38,000 | 23,000 |
Total | 513,049,000 | 483,979,000 |
Borrowed funds | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | ||
Securities-available for sale | 89,614,000 | 86,880,000 |
Securities-equities | ||
Loans held for sale | 120,000 | 504,000 |
Loans, net | ||
Federal bank stock | ||
Accrued interest receivable | 353,000 | 338,000 |
Total | 90,087,000 | 87,722,000 |
Accrued interest receivable | 353,000 | 338,000 |
Total | 90,087,000 | 87,722,000 |
Financial Liabilities: | ||
Deposits | 172,322,000 | 173,458,000 |
Borrowed funds | 19,414,000 | 25,499,000 |
Accrued interest payable | 422,000 | 390,000 |
Total | 192,158,000 | 199,347,000 |
Borrowed funds | 19,414,000 | 25,499,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | ||
Securities-available for sale | 3,500,000 | 7,998,000 |
Securities-equities | 134,000 | |
Loans held for sale | ||
Loans, net | 583,741,000 | 577,616,000 |
Federal bank stock | ||
Accrued interest receivable | 1,861,000 | 1,820,000 |
Total | 589,102,000 | 587,568,000 |
Accrued interest receivable | 1,861,000 | 1,820,000 |
Total | 589,102,000 | 587,568,000 |
Financial Liabilities: | ||
Deposits | ||
Borrowed funds | ||
Accrued interest payable | ||
Total | ||
Borrowed funds |
Note 9 - Regulatory Matters (De
Note 9 - Regulatory Matters (Details Textual) | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Capital Conservation Buffer | 1.25% | 0.625% | 0.00% | ||
Scenario, Forecast [Member] | |||||
Capital Conservation Buffer | 2.50% | 1.875% |
Note 9 - Regulatory Matters - S
Note 9 - Regulatory Matters - Schedule of Regulatory Capital (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Total capital to risk-weighted assets, actual, amount | $ 66,711 | $ 64,221 |
Total capital to risk-weighted assets, actual, ratio | 13.22% | 12.96% |
Total capital to risk-weighted assets, for capital adequacy purposes, amount | $ 40,381 | $ 39,630 |
Total capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 8.00% |
Total capital to risk-weighted assets, to be well capitalized, amount | $ 50,476 | $ 49,537 |
Total capital to risk-weighted assets, to be well capitalized, ratio | 10.00% | 10.00% |
Tier 1 capital to risk-weighted assets, actual, amount | $ 60,401 | $ 58,088 |
Tier 1 capital to risk-weighted assets, actual, ratio | 11.97% | 11.73% |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes, amount | $ 30,286 | $ 29,722 |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes, ratio | 6.00% | 6.00% |
Tier 1 capital to risk-weighted assets, to be well capitalized, amount | $ 40,381 | $ 39,630 |
Tier 1 capital to risk-weighted assets, to be well capitalized, ratio | 8.00% | 8.00% |
Common equity tier 1 capital to risk-weighted assets, actual, amount | $ 60,401 | $ 58,088 |
Common equity tier 1 capital to risk weighted assets, actual, ratio | 11.97% | 11.73% |
Common equity tier 1 capital to risk-weighted assets, for capital adequacy purposes, amount | $ 22,714 | $ 22,292 |
Common equity tier 1 capital to risk weighted assets, for capital adequacy purposes, ratio | 4.50% | 4.50% |
Common equity tier 1 capital to risk-weighted assets, to. be well capitalized, amount | $ 32,809 | $ 32,199 |
Common equity tier 1 capital to risk weighted assets, to be well capitalized, ratio | 6.50% | 6.50% |
Tier 1 capital to average assets, actual, amount | $ 60,401 | $ 58,088 |
Tier 1 capital to average asset, actual, ratio | 7.90% | 7.71% |
Tier 1 capital to average assets, for capital adequacy purposes, amount | $ 30,574 | $ 30,117 |
Tier 1 capital to average asset, for capital adequacy purposes, ratio | 4.00% | 4.00% |
Tier 1 capital to average assets, to be well capitalized, amount | $ 38,218 | $ 37,647 |
Tier 1 capital to average asset, to be well capitalized, ratio | 5.00% | 5.00% |
Note 10 - Accumulated Other C_3
Note 10 - Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Beginning balance | $ 59,091 | $ 54,073 | ||
Net of tax | $ (444) | $ 153 | (1,695) | 525 |
Ending Balance | 59,610 | 59,753 | 59,610 | 59,753 |
Previously Reported [Member] | ||||
Beginning balance | 59,091 | |||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||||
Beginning balance | (2,117) | (307) | (679) | |
Other comprehensive income before reclassification | (447) | 153 | (1,722) | 421 |
Amounts reclassified from accumulated other comprehensive income (loss) | 3 | 27 | 104 | |
Net of tax | (444) | 153 | (1,695) | 525 |
Cumulative effect of adoption of ASU 2016-01 | (187) | |||
Ending Balance | (2,561) | (154) | (2,561) | (154) |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | Previously Reported [Member] | ||||
Beginning balance | (679) | |||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||
Beginning balance | (4,839) | (3,812) | (3,812) | |
Other comprehensive income before reclassification | ||||
Amounts reclassified from accumulated other comprehensive income (loss) | ||||
Net of tax | ||||
Cumulative effect of adoption of ASU 2016-01 | ||||
Ending Balance | (4,839) | (3,812) | (4,839) | (3,812) |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Previously Reported [Member] | ||||
Beginning balance | (4,839) | |||
AOCI Attributable to Parent [Member] | ||||
Beginning balance | (6,956) | (4,119) | (5,705) | (4,491) |
Other comprehensive income before reclassification | (447) | 153 | (1,722) | 421 |
Amounts reclassified from accumulated other comprehensive income (loss) | 3 | 27 | 104 | |
Net of tax | (444) | 153 | (1,695) | 525 |
Cumulative effect of adoption of ASU 2016-01 | (187) | |||
Ending Balance | $ (7,400) | $ (3,966) | (7,400) | $ (3,966) |
AOCI Attributable to Parent [Member] | Previously Reported [Member] | ||||
Beginning balance | $ (5,518) |
Note 10 - Accumulated Other C_4
Note 10 - Accumulated Other Comprehensive Income (Loss) - Significant Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Other than temporary impairment losses | $ (508) | ||||
Provision for income taxes | 187 | 392 | 735 | 978 | |
Net income | 1,161 | $ 1,707 | 3,935 | 3,704 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||
Unrealized gains and losses on available-for-sale securities | (4) | (34) | 350 | ||
Other than temporary impairment losses | (508) | ||||
Provision for income taxes | 1 | 7 | 54 | ||
Net income | $ (3) | $ (27) | $ (104) |
Note 11 - Revenue Recognition -
Note 11 - Revenue Recognition - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Noninterest income (in-scope of Topic 606) | $ 855 | $ 739 | $ 2,399 | $ 2,145 | |
Noninterest income (out-of-scope of Topic 606) | [1] | 207 | 1,535 | 610 | 1,851 |
Total noninterest income | 1,062 | 2,274 | 3,009 | 3,996 | |
Maintenance Fees [Member] | |||||
Noninterest income (in-scope of Topic 606) | 38 | 40 | 114 | 118 | |
Overdraft Fees [Member] | |||||
Noninterest income (in-scope of Topic 606) | 417 | 341 | 1,100 | 965 | |
Other Fees [Member] | |||||
Noninterest income (in-scope of Topic 606) | 73 | 66 | 214 | 207 | |
Electronic Banking Fees [Member] | |||||
Noninterest income (in-scope of Topic 606) | $ 327 | $ 292 | $ 971 | $ 855 | |
[1] | Noninterest income items that are out-of-scope include net realized gains (losses) on sales of securities, net gains (losses) on sales of loans, earnings on bank-owned life insurance and certain other noninterest income items. |