Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 01, 2016 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | CSBB | |
Entity Registrant Name | CSB BANCORP INC /OH | |
Entity Central Index Key | 880,417 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 2,742,242 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Cash and cash equivalents | ||
Cash and due from banks | $ 16,859 | $ 17,341 |
Interest-earning deposits in other banks | 11,268 | 20,931 |
Total cash and cash equivalents | 28,127 | 38,272 |
Securities | ||
Available-for-sale, at fair value | 119,355 | 127,969 |
Held-to-maturity (fair value 2016-$24,428; 2015-$34,011) | 23,845 | 33,819 |
Restricted stock, at cost | 4,614 | 4,614 |
Total securities | 147,814 | 166,402 |
Loans held for sale | 350 | 47 |
Loans | 450,789 | 422,871 |
Less allowance for loan losses | 5,156 | 4,662 |
Net loans | 445,633 | 418,209 |
Premises and equipment, net | 8,660 | 8,209 |
Core deposit intangible | 444 | 504 |
Goodwill | 4,728 | 4,728 |
Bank-owned life insurance | 10,222 | 10,085 |
Accrued interest receivable and other assets | 3,912 | 3,858 |
TOTAL ASSETS | 649,890 | 650,314 |
Deposits | ||
Noninterest-bearing | 156,365 | 151,549 |
Interest-bearing | 360,132 | 373,493 |
Total deposits | 516,497 | 525,042 |
Short-term borrowings | 54,125 | 48,598 |
Other borrowings | 12,574 | 13,465 |
Accrued interest payable and other liabilities | 2,287 | 1,943 |
Total liabilities | 585,483 | 589,048 |
SHAREHOLDERS' EQUITY | ||
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding (shares 2016 - 2,742,242; 2015 - 2,740,996) | 18,629 | 18,629 |
Additional paid-in capital | 9,815 | 9,846 |
Retained earnings | 40,079 | 38,030 |
Treasury stock at cost (shares 2016 - 238,360; 2015 - 239,606) | (4,784) | (4,822) |
Accumulated other comprehensive gain (loss) | 668 | (417) |
Total shareholders' equity | 64,407 | 61,266 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 649,890 | $ 650,314 |
Consolidated Balance Sheets (U3
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Held-to-maturity, fair value | $ 24,428 | $ 34,011 |
Common stock, par value | $ 6.25 | $ 6.25 |
Common stock, authorized shares | 9,000,000 | 9,000,000 |
Common stock, shares issued | 2,980,602 | 2,980,602 |
Common stock, shares outstanding | 2,742,242 | 2,740,996 |
Treasury stock, at cost | 238,360 | 239,606 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
INTEREST AND DIVIDEND INCOME | ||||
Loans, including fees | $ 4,966 | $ 4,744 | $ 9,708 | $ 9,318 |
Taxable securities | 662 | 670 | 1,398 | 1,357 |
Nontaxable securities | 165 | 137 | 319 | 267 |
Other | 20 | 17 | 49 | 33 |
Total interest and dividend income | 5,813 | 5,568 | 11,474 | 10,975 |
INTEREST EXPENSE | ||||
Deposits | 250 | 272 | 509 | 544 |
Short-term borrowings | 19 | 18 | 36 | 34 |
Other borrowings | 98 | 103 | 198 | 208 |
Total interest expense | 367 | 393 | 743 | 786 |
NET INTEREST INCOME | 5,446 | 5,175 | 10,731 | 10,189 |
PROVISION FOR LOAN LOSSES | 165 | 195 | 329 | 389 |
Net interest income, after provision for loan losses | 5,281 | 4,980 | 10,402 | 9,800 |
NONINTEREST INCOME | ||||
Service charges on deposit accounts | 288 | 315 | 566 | 601 |
Trust services | 218 | 243 | 444 | 445 |
Debit card interchange fees | 271 | 246 | 533 | 473 |
Securities gains | 21 | 56 | ||
Gain on sale of loans, net | 118 | 122 | 150 | 192 |
Other income | 202 | 233 | 396 | 467 |
Total noninterest income | 1,097 | 1,180 | 2,089 | 2,234 |
NONINTEREST EXPENSES | ||||
Salaries and employee benefits | 2,299 | 2,224 | 4,626 | 4,374 |
Occupancy expense | 233 | 258 | 477 | 524 |
Equipment expense | 169 | 165 | 343 | 331 |
Professional and director fees | 189 | 202 | 363 | 492 |
Financial institutions tax expense | 107 | 100 | 214 | 199 |
Marketing and public relations | 143 | 99 | 228 | 175 |
Software expense | 198 | 213 | 384 | 402 |
Debit card expense | 114 | 108 | 218 | 208 |
Amortization of intangible assets | 30 | 31 | 60 | 63 |
FDIC insurance expense | 82 | 90 | 165 | 182 |
Other expenses | 498 | 484 | 973 | 972 |
Total noninterest expenses | 4,062 | 3,974 | 8,051 | 7,922 |
Income before income taxes | 2,316 | 2,186 | 4,440 | 4,112 |
FEDERAL INCOME TAX PROVISION | 705 | 669 | 1,349 | 1,253 |
NET INCOME | $ 1,611 | $ 1,517 | $ 3,091 | $ 2,859 |
Basic and diluted net earnings per share | $ 0.59 | $ 0.55 | $ 1.13 | $ 1.04 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 1,611 | $ 1,517 | $ 3,091 | $ 2,859 |
Other comprehensive income (loss) | ||||
Unrealized gains (losses) arising during the period | 519 | (1,386) | 1,327 | (618) |
Amounts reclassified from accumulated other comprehensive income, held-to-maturity | 270 | 162 | 317 | 216 |
Income tax effect | (268) | 416 | (559) | 137 |
Reclassification adjustment for gains on available-for-sale securities included in net income | (21) | (56) | ||
Income tax effect | 7 | 19 | ||
Other comprehensive income (loss) | 521 | (822) | 1,085 | (302) |
Total comprehensive income | $ 2,132 | $ 695 | $ 4,176 | $ 2,557 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) $ in Thousands | USD ($)$ / shares |
Balance at beginning of period at Dec. 31, 2014 | $ 57,450 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 2,859 |
Other comprehensive income (loss) | (302) |
Cash dividends declared | (1,041) |
Balance at end of period at Jun. 30, 2015 | $ 58,966 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.38 |
Balance at beginning of period at Mar. 31, 2015 | $ 58,791 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 1,517 |
Other comprehensive income (loss) | (822) |
Cash dividends declared | (520) |
Balance at end of period at Jun. 30, 2015 | $ 58,966 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.19 |
Balance at beginning of period at Dec. 31, 2015 | $ 61,266 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 3,091 |
Other comprehensive income (loss) | 1,085 |
Stock options exercised | 7 |
Cash dividends declared | (1,042) |
Balance at end of period at Jun. 30, 2016 | $ 64,407 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.38 |
Balance at beginning of period at Mar. 31, 2016 | $ 62,796 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 1,611 |
Other comprehensive income (loss) | 521 |
Cash dividends declared | (521) |
Balance at end of period at Jun. 30, 2016 | $ 64,407 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.19 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) | 6 Months Ended |
Jun. 30, 2016shares | |
Statement of Stockholders' Equity [Abstract] | |
Stock Options exercised, shares | 1,246 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows (Unaudited) $ in Thousands | 6 Months Ended | |
Jun. 30, 2016USD ($) | Jun. 30, 2015USD ($) | |
Statement of Cash Flows [Abstract] | ||
NET CASH FROM OPERATING ACTIVITIES | $ 3,185 | $ 3,639 |
Securities: | ||
Proceeds from repayments, held-to-maturity | 14,263 | 8,945 |
Proceeds from maturities and repayments, available-for-sale | 26,566 | 15,394 |
Purchases, available-for-sale | (17,014) | (25,088) |
Purchases, held-to-maturity | (4,000) | (4,000) |
Proceeds from sale of available-for-sale securities | 1,576 | |
Loan originations, net of repayments | (27,785) | (4,697) |
Property, equipment, and software acquisitions | (930) | (444) |
Net cash used in investing activities | (8,900) | (8,314) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net change in deposits | (8,545) | (3,671) |
Net change in short-term borrowings | 5,527 | 5,075 |
Net change in other borrowings | (891) | (1,215) |
Cash dividends paid | (521) | (521) |
Net cash used in financing activities | (4,430) | (332) |
NET DECREASE IN CASH AND CASH EQUIVALENTS | (10,145) | (5,007) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 38,272 | 43,923 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 28,127 | 38,916 |
Cash paid during the year for: | ||
Interest | 751 | 792 |
Income taxes | 1,400 | 755 |
Noncash financing activities: | ||
Dividends declared | $ 521 | $ 520 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying condensed consolidated financial statements include the accounts of CSB Bancorp, Inc. and its wholly-owned subsidiaries, The Commercial and Savings Bank (the “Bank”) and CSB Investment Services, LLC (together referred to as the “Company” or “CSB”). All significant intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements have been prepared without audit. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present fairly the Company’s financial position at June 30, 2016, and the results of operations and changes in cash flows for the periods presented have been made. Certain information and footnote disclosures typically included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been omitted. The Annual Report for CSB for the year ended December 31, 2015, contains Consolidated Financial Statements and related footnote disclosures, which should be read in conjunction with the accompanying Consolidated Financial Statements. The results of operations for the period ended June 30, 2016 are not necessarily indicative of the operating results for the full year or any future interim period. Certain items in the prior-year financial statements were reclassified to conform to the current-year presentation. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments |
Securities
Securities | 6 Months Ended |
Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | NOTE 2 – SECURITIES Securities consist of the following at June 30, 2016 and December 31, 2015: (Dollars in thousands) Amortized Gross Gross Fair value June 30, 2016 Available-for-sale U.S. Treasury security $ 1,001 $ 1 $ — $ 1,002 U.S. Government agencies 9,010 2 1 9,011 Mortgage-backed securities of government agencies 59,805 1,017 43 60,779 Other mortgage-backed securities 81 — — 81 Asset-backed securities of government agencies 1,387 — 102 1,285 State and political subdivisions 28,650 807 — 29,457 Corporate bonds 17,699 97 126 17,670 Equity securities 53 17 — 70 Total available-for-sale 117,686 1,941 272 119,355 Held-to-maturity securities U.S. Government agencies 7,335 164 — 7,499 Mortgage-backed securities of government agencies 16,510 444 25 16,929 Total held-to-maturity 23,845 608 25 24,428 Restricted stock 4,614 — — 4,614 Total securities $ 146,145 $ 2,549 $ 297 $ 148,397 December 31, 2015 Available-for-sale U.S. Treasury security $ 1,002 $ — $ 2 $ 1,000 U.S. Government agencies 18,239 5 126 18,118 Mortgage-backed securities of government agencies 62,930 527 278 63,179 Other mortgage-backed securities 104 — — 104 Asset-backed securities of government agencies 1,464 — 72 1,392 State and political subdivisions 24,924 418 41 25,301 Corporate bonds 18,912 7 108 18,811 Equity securities 53 11 — 64 Total available-for-sale 127,628 968 627 127,969 Held-to-maturity U.S. Government agencies 15,586 312 46 15,852 Mortgage-backed securities of government agencies 18,233 81 155 18,159 Total held-to-maturity 33,819 393 201 34,011 Restricted stock 4,614 — — 4,614 Total securities $ 166,061 $ 1,361 $ 828 $ 166,594 The amortized cost and fair value of debt securities at June 30, 2016, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in thousands) Amortized Fair value Available-for-sale Due in one year or less $ 11,142 $ 11,156 Due after one through five years 20,411 20,716 Due after five through ten years 20,697 21,075 Due after ten years 65,383 66,338 Total debt securities available-for-sale $ 117,633 $ 119,285 Held-to-maturity Due in one year or less $ — $ — Due after one through five years — — Due after five through ten years 2,383 2,498 Due after ten years 21,462 21,930 Total debt securities held-to-maturity $ 23,845 $ 24,428 Securities with a fair value of approximately $94.5 million and $94.3 million were pledged at June 30, 2016 and December 31, 2015, respectively, to secure public deposits, as well as other deposits and borrowings as required or permitted by law. Restricted stock primarily consists of investments in Federal Home Loan Bank of Cincinnati (FHLB) and Federal Reserve Bank stock. The Bank’s investment in FHLB stock amounted to approximately $4.1 million at June 30, 2016 and December 31, 2015. Federal Reserve Bank stock was $471 thousand at June 30, 2016 and December 31, 2015. The following table shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on the sales of those securities that have been included in earnings as a result of the sales. Three months Six months (Dollars in thousands) 2016 2015 2016 2015 Proceeds $ — $ 1,488 $ — $ 1,576 Realized gains — 21 — 56 Realized losses — — — — Net securities gains $ — $ 21 $ — $ 56 There were no income tax provisions from realized gains nor tax benefits recognized from realized losses for the three or six month periods ended June 30, 2016. The income tax provision applicable to realized gains amounted to $7 thousand and $19 thousand for the three and six month periods ending June 30, 2015, respectively. The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2016 and December 31, 2015: Securities in a continuous unrealized loss position Less than 12 months 12 months or more Total (Dollars in thousands) Gross Fair Gross Fair Gross Fair June 30, 2016 Available-for-sale U.S. Government agencies $ — $ — $ 1 $ 1,999 $ 1 $ 1,999 Mortgage-backed securities of government agencies 43 5,054 — — 43 5,054 Asset-backed securities of government agencies 102 1,285 — — 102 1,285 Corporate bonds 91 3,915 35 465 126 4,380 Held-to-maturity Mortgage-backed securities of government agencies — — 25 4,260 25 4,260 Total temporarily impaired securities $ 236 $ 10,254 $ 61 $ 6,724 $ 297 $ 16,978 December 31, 2015 Available-for-sale U.S. Treasury security $ 2 $ 1,000 $ — $ — $ 2 $ 1,000 U.S. Government agencies 67 9,172 59 4,941 126 14,113 Mortgage-backed securities of government agencies 278 20,231 — — 278 20,231 Asset-backed securities of government agencies 72 1,392 — — 72 1,392 State and political subdivisions 33 2,652 8 1,120 41 3,772 Corporate bonds 108 15,282 — — 108 15,282 Held-to-maturity U.S. Government agencies 46 5,954 — — 46 5,954 Mortgage-backed securities of government agencies 155 12,994 — — 155 12,994 Total temporarily impaired securities $ 761 $ 68,677 $ 67 $ 6,061 $ 828 $ 74,738 There were fifteen (15) securities in an unrealized loss position at June 30, 2016, six (6) of which were in a continuous loss position for twelve months or more. At least quarterly, the Company conducts a comprehensive security-level impairment assessment. The assessments are based on the nature of the securities, the extent and duration of the securities in an unrealized loss position, the extent and duration of the loss and management’s intent to sell or if it is more likely than not that management will be required to sell a security before recovery of its amortized cost basis, which may be maturity. Management believes the Company will fully recover the cost of these securities. It does not intend to sell these securities and likely will not be required to sell them before the anticipated recovery of the remaining amortized cost basis, which may be maturity. As a result, management concluded that these securities were not other-than-temporarily impaired at June 30, 2016. |
Loans
Loans | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Loans | NOTE 3 – LOANS Loans consist of the following: (Dollars in thousands) June 30, 2016 December 31, 2015 Commercial $ 135,043 $ 123,143 Commercial real estate 154,236 148,775 Residential real estate 133,490 125,775 Construction & land development 15,224 15,452 Consumer 12,289 9,268 Total loans before deferred costs 450,282 422,413 Deferred loan costs 507 458 Total Loans $ 450,789 $ 422,871 Loan Origination/Risk Management The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions. Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. The Company’s management examines current and occasionally projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers; however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type. This diversity helps reduce the Company’s exposure to adverse economic events that affect any single industry. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. At June 30, 2016 approximately 80% of the outstanding principal balances of the Company’s commercial real estate loans were secured by owner-occupied properties as compared to 76% at December 31, 2015. With respect to loans to developers and builders that are secured by non-owner occupied properties, the Company generally requires the borrower to have had an existing relationship with the Company and have a proven record of success. Construction and land development loans are underwritten utilizing independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analysis of the developers and property owners. Construction and land development loans are generally based upon estimates of costs and value associated with the completed project. These estimates may be inaccurate. Construction and land development loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risk than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. The Company originates consumer loans utilizing a judgmental underwriting process. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed, jointly by line and staff personnel. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, minimizes risk. The Company maintains an independent loan review department that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures. Loans serviced for others approximated $81.8 million and $76.3 million at June 30, 2016 and December 31, 2015, respectively. Concentrations of Credit Nearly all of the Company’s lending activity occurs within the state of Ohio, including the four (4) counties of Holmes, Stark, Tuscarawas and Wayne, as well as other markets. The majority of the Company’s loan portfolio consists of commercial and industrial and commercial real estate loans. As of June 30, 2016 and December 31, 2015, there were no concentrations of loans related to any single industry. Allowance for Loan Losses The following tables detail activity in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2016 and 2015. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. The changes in the provision for loan losses for the three and six months ended June 30, 2016 related to commercial loans were due to the increase in specific reserve amounts for two commercial relationships, the downgrade of one commercial relationship and the increase in loan volume. The decrease in the provision related to commercial real estate loans for the six month period in 2016 was primarily due to a recovery of a prior charge-off. The increase in the provision for commercial real estate loans for the three month period of 2016 was due to the downgrade of one commercial relationship. The changes in the provision for loan losses for the three and six month periods of 2015 related to commercial and commercial real estate loans were primarily due to the increase in loan balances in the first quarter of 2015 and the subsequent decrease in these loan balances in the second quarter of 2015. The increase in the provision related to consumer loans for the six months ended June 30, 2015 was due to charge-offs of loans in that category and increasing loan volumes. (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total Three months ended June 30, 2016 Beginning balance $ 2,053 $ 1,225 $ 1,084 $ 106 $ 94 $ 443 $ 5,005 Provision for possible loan losses 326 48 11 21 16 (257 ) 165 Charge-offs (6 ) (12 ) — — — (18 ) Recoveries 3 1 — — — 4 Net charge-offs (3 ) (11 ) — — — (14 ) Ending balance $ 2,376 $ 1,262 $ 1,095 $ 127 $ 110 $ 186 $ 5,156 Six months ended June 30, 2016 Beginning balance $ 1,664 $ 1,271 $ 1,086 $ 123 $ 86 $ 432 $ 4,662 Provision for possible loan losses 720 (180 ) 7 4 24 (246 ) 329 Charge-offs (15 ) (12 ) — — (1 ) (28 ) Recoveries 7 183 2 — 1 193 Net charge-offs (8 ) 171 2 — — 165 Ending balance $ 2,376 $ 1,262 $ 1,095 $ 127 $ 110 $ 186 $ 5,156 Three months ended June 30, 2015 Beginning balance $ 1,394 $ 1,574 $ 1,003 $ 133 $ 69 $ 321 $ 4,494 Provision for possible loan losses (43 ) (99 ) 8 (8 ) 8 329 195 Charge-offs (3 ) (16 ) (17 ) — (4 ) (40 ) Recoveries 6 — — — 1 7 Net charge-offs 3 (16 ) (17 ) — (3 ) (33 ) Ending balance $ 1,354 $ 1,459 $ 994 $ 125 $ 74 $ 650 $ 4,656 Six months ended June 30, 2015 Beginning balance $ 1,289 $ 1,524 $ 1,039 $ 142 $ 60 $ 327 $ 4,381 Provision for possible loan losses 58 (35 ) 16 (17 ) 44 323 389 Charge-offs (5 ) (40 ) (70 ) — (34 ) (149 ) Recoveries 12 10 9 — 4 35 Net charge-offs 7 (30 ) (61 ) — (30 ) (114 ) Ending balance $ 1,354 $ 1,459 $ 994 $ 125 $ 74 $ 650 $ 4,656 The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio class and based on the impairment method as of June 30, 2016 and December 31, 2015: (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total June 30, 2016 Allowance for loan losses: Individually evaluated for impairment $ 709 $ — $ 27 $ — $ — $ — $ 736 Collectively evaluated for impairment 1,667 1,262 1,068 127 110 186 4,420 Total ending allowance balance $ 2,376 $ 1,262 $ 1,095 $ 127 $ 110 $ 186 $ 5,156 Loans: Loans individually evaluated for impairment $ 6,554 $ 664 $ 1,486 $ — $ — $ 8,704 Loans collectively evaluated for impairment 128,489 153,572 132,004 15,224 12,289 441,578 Total ending loans balance $ 135,043 $ 154,236 $ 133,490 $ 15,224 $ 12,289 $ 450,282 December 31, 2015 Allowance for loan losses: Individually evaluated for impairment $ 299 $ 64 $ 26 $ — $ — $ — $ 389 Collectively evaluated for impairment 1,365 1,207 1,060 123 86 432 4,273 Total ending allowance balance $ 1,664 $ 1,271 $ 1,086 $ 123 $ 86 $ 432 $ 4,662 Loans: Loans individually evaluated for impairment $ 6,127 $ 1,064 $ 1,533 $ — $ — $ 8,724 Loans collectively evaluated for impairment 117,016 147,711 124,242 15,452 9,268 413,689 Total ending loans balance $ 123,143 $ 148,775 $ 125,775 $ 15,452 $ 9,268 $ 422,413 The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2016 and December 31, 2015: (Dollars in thousands) Unpaid Recorded Recorded Total Related June 30, 2016 Commercial $ 6,984 $ 5,376 $ 1,198 $ 6,574 $ 709 Commercial real estate 821 641 24 665 — Residential real estate 1,653 975 513 1,488 27 Total impaired loans $ 9,458 $ 6,992 $ 1,735 $ 8,727 $ 736 December 31, 2015 Commercial $ 6,541 $ 5,832 $ 301 $ 6,133 $ 299 Commercial real estate 1,265 670 393 1,063 64 Residential real estate 1,689 967 568 1,535 26 Total impaired loans $ 9,495 $ 7,469 $ 1,262 $ 8,731 $ 389 The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three months Six months ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Average recorded investment: Commercial $ 6,579 $ 6,137 $ 6,360 $ 5,998 Commercial real estate 746 1,606 865 1,655 Residential real estate 1,497 1,729 1,518 1,674 Average recorded investment in impaired loans $ 8,822 $ 9,472 $ 8,743 $ 9,327 Interest income recognized: Commercial $ 56 $ 54 $ 122 $ 105 Commercial real estate 2 4 6 9 Residential real estate 14 19 29 35 Interest income recognized on a cash basis on impaired loans $ 72 $ 77 $ 157 $ 149 The following table presents the aging of past due loans and nonaccrual loans as of June 30, 2016 and December 31, 2015 by class of loans: (Dollars in thousands) Current 30 - 59 60 - 89 90 Days + Non- Total Past Total Loans June 30, 2016 Commercial $ 133,401 $ 254 $ 23 $ — $ 1,365 $ 1,642 $ 135,043 Commercial real estate 153,474 60 — 122 580 762 154,236 Residential real estate 132,345 374 104 114 553 1,145 133,490 Construction & land development 15,224 — — — — — 15,224 Consumer 12,150 120 19 — — 139 12,289 Total Loans $ 446,594 $ 808 $ 146 $ 236 $ 2,498 $ 3,688 $ 450,282 December 31, 2015 Commercial $ 122,760 $ 34 $ 172 $ — $ 177 $ 383 $ 123,143 Commercial real estate 147,920 — 59 — 796 855 148,775 Residential real estate 124,408 486 173 105 603 1,367 125,775 Construction & land development 15,452 — — — — — 15,452 Consumer 9,105 163 — — — 163 9,268 Total Loans $ 419,645 $ 683 $ 404 $ 105 $ 1,576 $ 2,768 $ 422,413 Troubled Debt Restructurings All troubled debt restructurings (“TDR’s) are individually evaluated for impairment and a related allowance is recorded, as needed. Loans whose terms have been modified as TDR’s totaled $7.5 million as of June 30, 2016, and $7.6 million as of December 31, 2015, with $163 thousand and $26 thousand of specific reserves allocated to those loans, respectively. At June 30, 2016, $6.8 million of the loans classified as TDR’s were performing in accordance with their modified terms. Of the remaining $734 thousand, all were in nonaccrual of interest status. The Company held $72 thousand in foreclosed real estate as of June 30, 2016, and no foreclosed real estate as of December 31, 2015. Consumer mortgage loans in the process of foreclosure were $325 thousand at June 30, 2016 and $89 thousand at December 31, 2015. The following table presents loans restructured during the three and six month period ended June 30, 2015. (Dollars in thousands) Number of Pre- Post- For the three months ended June 30, 2016 Commercial 3 $ 327 $ 327 Total Restructured Loans 3 $ 327 $ 327 For the six months ended June 30, 2016 Commercial 3 $ 327 $ 327 Total Restructured Loans 3 $ 327 $ 327 For the three months ended June 30, 2015 Residential Real Estate 3 $ 266 $ 266 Total Restructured Loans 3 $ 266 $ 266 For the six months ended June 30, 2015 Residential Real Estate 4 $ 295 $ 295 Total Restructured Loans 4 $ 295 $ 295 The restructured loans were modified by changing the monthly payment to interest only. No principal reductions were made. None of the loans that were restructured in 2014 or 2015 have subsequently defaulted in the three and six month periods ended June 30, 2015 and 2016. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis includes commercial loans with an outstanding balance greater than $300 thousand. This analysis is performed on an annual basis. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $300 thousand or are included in groups of homogeneous loans. Based on the most recent analysis performed, the risk category of loans by class is as follows as of June 30, 2016 and December 31, 2015: (Dollars in thousands) Pass Special Substandard Doubtful Not Rated Total June 30, 2016 Commercial $ 119,145 $ 2,523 $ 12,476 $ — $ 899 $ 135,043 Commercial real estate 144,549 2,811 5,969 — 907 154,236 Residential real estate 221 — 200 — 133,069 133,490 Construction & land development 11,766 829 374 — 2,255 15,224 Consumer — — — — 12,289 12,289 Total $ 275,681 $ 6,163 $ 19,019 $ — $ 149,419 $ 450,282 December 31, 2015 Commercial $ 112,229 $ 3,100 $ 7,044 $ — $ 770 $ 123,143 Commercial real estate 141,621 2,742 3,150 — 1,262 148,775 Residential real estate 190 — 213 — 125,372 125,775 Construction & land development 11,015 944 — — 3,493 15,452 Consumer — — — — 9,268 9,268 Total $ 265,055 $ 6,786 $ 10,407 $ — $ 140,165 $ 422,413 The following table presents loans that are not rated by class of loans as of June 30, 2016 and December 31, 2015. Nonperforming loans include loans past due 90 days or more and loans on nonaccrual of interest status. (Dollars in thousands) Performing Non-Performing Total June 30, 2016 Commercial $ 899 $ — $ 899 Commercial real estate 824 83 907 Residential real estate 132,432 637 133,069 Construction & land development 2,255 — 2,255 Consumer 12,289 — 12,289 Total $ 148,699 $ 720 $ 149,419 December 31, 2015 Commercial $ 770 $ — $ 770 Commercial real estate 1,262 — 1,262 Residential real estate 124,700 672 125,372 Construction & land development 3,493 — 3,493 Consumer 9,268 — 9,268 Total $ 139,493 $ 672 $ 140,165 |
Short-Term Borrowings
Short-Term Borrowings | 6 Months Ended |
Jun. 30, 2016 | |
Debt Disclosure [Abstract] | |
Short-Term Borrowings | NOTE 4 – SHORT-TERM BORROWINGS The following table provides additional detail regarding repurchase agreements accounted for as secured borrowings. Remaining Contractual (Dollars in thousands) June 30, December 31, Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value $ 54,251 $ 48,791 Repurchase agreements 54,113 48,598 |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | NOTE 5 – FAIR VALUE MEASUREMENTS The Company provides disclosures about assets and liabilities carried at fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and lowest priority to unobservable inputs. The three broad levels of the fair value hierarchy are described below: Level I: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Level II: Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by corroborated or other means. If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability. Level III: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The following table presents the assets reported on the Consolidated Balance Sheet at their fair value as of June 30, 2016 and December 31, 2015 by level within the fair value hierarchy. No liabilities are carried at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Equity securities and U.S. Treasury Notes are valued at the closing price reported on the active market on which the individual securities are traded. Obligations of U.S. government agencies, mortgage-backed securities, asset-backed securities, obligations of states and political subdivisions and corporate bonds are valued at observable market data for similar assets. (Dollars in thousands) Level I Level II Level III Total June 30, 2016 Assets: Securities available-for-sale U.S. Treasury security $ 1,002 $ $ — $ 1,002 U.S. Government agencies — 9,011 — 9,011 Mortgage-backed securities of government agencies — 60,779 — 60,779 Other mortgage-backed securities — 81 — 81 Asset-backed securities of government agencies — 1,285 — 1,285 State and political subdivisions — 29,457 — 29,457 Corporate bonds — 17,670 — 17,670 Total debt securities 1,002 118,283 — 119,285 Equity securities 70 — — 70 Total available-for-sale securities $ 1,072 $ 118,283 $ — $ 119,355 December 31, 2015 Assets: Securities available-for-sale U.S. Treasury security $ 1,000 $ — $ — $ 1,000 U.S. Government agencies — 18,118 — 18,118 Mortgage-backed securities of government agencies — 63,179 — 63,179 Other mortgage-backed securities — 104 — 104 Asset-backed securities of government agencies — 1,392 — 1,392 State and political subdivisions — 25,301 — 25,301 Corporate bonds — 18,811 — 18,811 Total debt securities 1,000 126,905 — 127,905 Equity securities 64 — — 64 Total available-for-sale securities $ 1,064 $ 126,905 $ — $ 127,969 The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of June 30, 2016 and December 31, 2015, by level within the fair value hierarchy. Impaired loans are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include: quoted market prices for identical assets classified as Level I inputs; and observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. (Dollars in thousands) Level I Level II Level III Total June 30, 2016 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 7,968 $ 7,968 Other real estate owned 72 72 December 31, 2015 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 8,335 $ 8,335 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value: Quantitative Information about Level III Fair Value Measurements Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) (Dollars in thousands) June 30, 2016 Impaired loans $ 6,776 Discounted cash flow Remaining term Discount rate 0.5 mo to 29 yrs (55.7 months) 3.1% to 9.8% (4.4%) 1,192 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 0% to -50% (-35%) -10% December 31, 2015 Impaired loans $ 7,256 Discounted cash flow Remaining term 2 mos to 29.5 yrs / (55 mos) 3.1% to 8.3% / (4.3%) 1,079 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 0% to -50% (-26%) -10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. |
Fair Values of Financial Instru
Fair Values of Financial Instruments | 6 Months Ended |
Jun. 30, 2016 | |
Investments, All Other Investments [Abstract] | |
Fair Values of Financial Instruments | NOTE 6 – FAIR VALUES OF FINANCIAL INSTRUMENTS The estimated fair values of recognized financial instruments as of June 30, 2016 and December 31, 2015 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value June 30, 2016 Financial assets Cash and cash equivalents $ 28,127 $ 28,127 $ — $ — $ 28,127 Securities available-for-sale 119,355 1,072 118,283 — 119,355 Securities held-to-maturity 23,845 — 24,428 — 24,428 Restricted stock 4,614 4,614 — 4,614 Loans held for sale 350 350 — — 350 Net loans 445,633 — — 450,502 450,502 Bank-owned life insurance 10,222 10,222 — — 10,222 Accrued interest receivable 1,455 1,455 — — 1,455 Mortgage servicing rights 254 — — 254 254 Financial liabilities Deposits $ 516,497 $ 399,862 $ — $ 117,191 $ 517,053 Short-term borrowings 54,125 54,125 — 54,125 Other borrowings 12,574 — — 12,905 12,905 Accrued interest payable 73 73 — — 73 December 31, 2015 Financial assets Cash and cash equivalents $ 38,272 $ 38,272 $ — $ — $ 38,272 Securities available-for-sale 127,969 1,064 126,905 — 127,969 Securities held-to-maturity 33,819 — 34,011 — 34,011 Restricted stock 4,614 4,614 — — 4,614 Loans held for sale 47 47 — — 47 Net loans 418,209 — — 420,181 420,181 Bank-owned life insurance 10,085 10,085 — — 10,085 Accrued interest receivable 1,513 1,513 — — 1,513 Mortgage servicing rights 246 — — 246 246 Financial liabilities Deposits $ 525,042 $ 405,776 $ — $ 119,867 $ 525,643 Short-term borrowings 48,598 48,598 — — 48,598 Other borrowings 13,465 — — 13,667 13,667 Accrued interest payable 80 80 — — 80 For purposes of the above disclosures of estimated fair value, the following assumptions are used: Cash and cash equivalents; Loans held for sale; Accrued interest receivable; Short-term borrowings and Accrued interest payable The fair value of the above instruments is considered to be carrying value, classified as Level I in the fair value hierarchy. Securities The fair value of securities available-for-sale and securities held-to-maturity which are measured on a recurring basis are determined primarily by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on securities’ relationship to other similar securities, classified as Level I or Level II in the fair value hierarchy. Net loans The fair value for loans is estimated by discounting future cash flows using current market inputs at which loans with similar terms and qualities would be made to borrowers of similar credit quality. Where quoted market prices were available, primarily for certain residential mortgage loans, such market rates were utilized as estimates for fair value. Fair value of non-accrual loans is based on carrying value, classified as Level III. Bank-owned life insurance The carrying amount of bank-owned life insurance is based on the cash surrender value of the policies and is a reasonable estimate of fair value, classified as Level I. Restricted stock Restricted stock includes Federal Home Loan Bank Stock and Federal Reserve Bank Stock. It is not practicable to determine the fair value of regulatory equity securities due to restrictions placed on their transferability. Fair value is based on carrying value, classified as Level I. Mortgage servicing rights The fair value of mortgage servicing rights is based on a valuation model that calculates the present value of estimated net servicing income. The valuation model incorporates discounted cash flow and repayment assumptions based on management’s best judgment. As a result, these rights are measured at fair value on a recurring basis and are classified within Level III of the fair value hierarchy. Deposits The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rates are estimated using market rates currently offered for similar instruments with similar remaining maturities, resulting in a Level III classification. Demand, savings, and money market deposit accounts are valued at the amount payable on demand as of quarter end, resulting in a Level I classification. Other borrowings The fair value of Federal Home Loan Bank advances are estimated using a discounted cash flow analysis based on the current borrowing rates for similar types of borrowings, resulting in a Level III classification. The Company also has unrecognized financial instruments at June 30, 2016 and December 31, 2015. These financial instruments relate to commitments to extend credit and letters of credit. The aggregated contract amount of such financial instruments was approximately $155 million at June 30, 2016 and $138 million at December 31, 2015. Such amounts are also considered to be the estimated fair values. The fair value estimates of financial instruments are made at a specific point in time based on relevant market information. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument over the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Since no ready market exists for a significant portion of the financial instruments, fair value estimates are largely based on judgments after considering such factors as future expected credit losses, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2016 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Income (Loss) | NOTE 7- ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three and six month periods ended June 30, 2016 and 2015: (Dollars in thousands) Pretax Tax Effect After-tax Affected Line Three months ended June 30, 2016 Balance as of March 31, 2016 $ 223 $ (76 ) $ 147 Unrealized holding gain on available-for-sale securities arising during the period 519 (176 ) 343 Amortization of held-to-maturity discount resulting from transfer 270 (92 ) 178 Total other comprehensive income 789 (268 ) 521 Balance as of June 30, 2016 $ 1,012 $ (344 ) $ 668 Six months ended June 30, 2016 Balance as of December 31, 2015 $ (631 ) $ 214 $ (417 ) Unrealized holding gain on available-for-sale securities arising during the period 1,327 (451 ) 876 Amortization of held-to-maturity discount resulting from transfer 317 (108 ) 209 Total other comprehensive income 1,644 (559 ) 1,085 Balance as of June 30, 2016 $ 1,013 $ (345 ) $ 668 Three months ended June 30, 2015 Balance as of March 31, 2015 $ 360 $ (122 ) $ 238 Unrealized holding loss on available-for-sale securities arising during the period (1,386 ) 471 (915 ) Reclassify gain included in income (21 ) 7 (14 ) (a, b) Amortization of held-to-maturity discount resulting from transfer 162 (55 ) 107 Total other comprehensive loss (1,245 ) 423 (822 ) Balance as of June 30, 2015 $ (885 ) $ 301 $ (584 ) Six months ended June 30, 2015 Balance as of December 31, 2014 $ (427 ) $ 145 $ (282 ) Unrealized holding loss on available-for-sale securities arising during the period (618 ) 210 (408 ) Reclassify gain included in income (56 ) 19 (37 ) (a, b) Amortization of held-to-maturity discount resulting from transfer 216 (73 ) 143 Total other comprehensive loss (458 ) 156 (302 ) Balance as of June 30, 2015 $ (885 ) $ 301 $ (584 ) (a) Securities gain (b) Federal Income Tax Provision. |
Summary of Significant Accoun16
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Revenue Recognition | In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers |
Financial Instruments | In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities |
Lease | In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) |
Credit Losses | In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments |
Securities (Tables)
Securities (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Summary of Securities Available-for-Sale and Restricted Stock | Securities consist of the following at June 30, 2016 and December 31, 2015: (Dollars in thousands) Amortized Gross Gross Fair value June 30, 2016 Available-for-sale U.S. Treasury security $ 1,001 $ 1 $ — $ 1,002 U.S. Government agencies 9,010 2 1 9,011 Mortgage-backed securities of government agencies 59,805 1,017 43 60,779 Other mortgage-backed securities 81 — — 81 Asset-backed securities of government agencies 1,387 — 102 1,285 State and political subdivisions 28,650 807 — 29,457 Corporate bonds 17,699 97 126 17,670 Equity securities 53 17 — 70 Total available-for-sale 117,686 1,941 272 119,355 Held-to-maturity securities U.S. Government agencies 7,335 164 — 7,499 Mortgage-backed securities of government agencies 16,510 444 25 16,929 Total held-to-maturity 23,845 608 25 24,428 Restricted stock 4,614 — — 4,614 Total securities $ 146,145 $ 2,549 $ 297 $ 148,397 December 31, 2015 Available-for-sale U.S. Treasury security $ 1,002 $ — $ 2 $ 1,000 U.S. Government agencies 18,239 5 126 18,118 Mortgage-backed securities of government agencies 62,930 527 278 63,179 Other mortgage-backed securities 104 — — 104 Asset-backed securities of government agencies 1,464 — 72 1,392 State and political subdivisions 24,924 418 41 25,301 Corporate bonds 18,912 7 108 18,811 Equity securities 53 11 — 64 Total available-for-sale 127,628 968 627 127,969 Held-to-maturity U.S. Government agencies 15,586 312 46 15,852 Mortgage-backed securities of government agencies 18,233 81 155 18,159 Total held-to-maturity 33,819 393 201 34,011 Restricted stock 4,614 — — 4,614 Total securities $ 166,061 $ 1,361 $ 828 $ 166,594 |
Summary of Amortized Cost and Fair Value of Debt Securities | The amortized cost and fair value of debt securities at June 30, 2016, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in thousands) Amortized Fair value Available-for-sale Due in one year or less $ 11,142 $ 11,156 Due after one through five years 20,411 20,716 Due after five through ten years 20,697 21,075 Due after ten years 65,383 66,338 Total debt securities available-for-sale $ 117,633 $ 119,285 Held-to-maturity Due in one year or less $ — $ — Due after one through five years — — Due after five through ten years 2,383 2,498 Due after ten years 21,462 21,930 Total debt securities held-to-maturity $ 23,845 $ 24,428 |
Summary of Proceeds and Gains and Losses from Sales of Available-for-Sale Securities | The following table shows the proceeds from sales of available-for-sale securities and the gross realized gains and losses on the sales of those securities that have been included in earnings as a result of the sales. Three months Six months (Dollars in thousands) 2016 2015 2016 2015 Proceeds $ — $ 1,488 $ — $ 1,576 Realized gains — 21 — 56 Realized losses — — — — Net securities gains $ — $ 21 $ — $ 56 |
Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities | The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2016 and December 31, 2015: Securities in a continuous unrealized loss position Less than 12 months 12 months or more Total (Dollars in thousands) Gross Fair Gross Fair Gross Fair June 30, 2016 Available-for-sale U.S. Government agencies $ — $ — $ 1 $ 1,999 $ 1 $ 1,999 Mortgage-backed securities of government agencies 43 5,054 — — 43 5,054 Asset-backed securities of government agencies 102 1,285 — — 102 1,285 Corporate bonds 91 3,915 35 465 126 4,380 Held-to-maturity Mortgage-backed securities of government agencies — — 25 4,260 25 4,260 Total temporarily impaired securities $ 236 $ 10,254 $ 61 $ 6,724 $ 297 $ 16,978 December 31, 2015 Available-for-sale U.S. Treasury security $ 2 $ 1,000 $ — $ — $ 2 $ 1,000 U.S. Government agencies 67 9,172 59 4,941 126 14,113 Mortgage-backed securities of government agencies 278 20,231 — — 278 20,231 Asset-backed securities of government agencies 72 1,392 — — 72 1,392 State and political subdivisions 33 2,652 8 1,120 41 3,772 Corporate bonds 108 15,282 — — 108 15,282 Held-to-maturity U.S. Government agencies 46 5,954 — — 46 5,954 Mortgage-backed securities of government agencies 155 12,994 — — 155 12,994 Total temporarily impaired securities $ 761 $ 68,677 $ 67 $ 6,061 $ 828 $ 74,738 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Receivables [Abstract] | |
Summary of Loans | Loans consist of the following: (Dollars in thousands) June 30, 2016 December 31, 2015 Commercial $ 135,043 $ 123,143 Commercial real estate 154,236 148,775 Residential real estate 133,490 125,775 Construction & land development 15,224 15,452 Consumer 12,289 9,268 Total loans before deferred costs 450,282 422,413 Deferred loan costs 507 458 Total Loans $ 450,789 $ 422,871 |
Schedule of Allowances for Loan Losses by Portfolio Segment | The following tables detail activity in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2016 and 2015. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. The changes in the provision for loan losses for the three and six months ended June 30, 2016 related to commercial loans were due to the increase in specific reserve amounts for two commercial relationships, the downgrade of one commercial relationship and the increase in loan volume. The decrease in the provision related to commercial real estate loans for the six month period in 2016 was primarily due to a recovery of a prior charge-off. The increase in the provision for commercial real estate loans for the three month period of 2016 was due to the downgrade of one commercial relationship. The changes in the provision for loan losses for the three and six month periods of 2015 related to commercial and commercial real estate loans were primarily due to the increase in loan balances in the first quarter of 2015 and the subsequent decrease in these loan balances in the second quarter of 2015. The increase in the provision related to consumer loans for the six months ended June 30, 2015 was due to charge-offs of loans in that category and increasing loan volumes. (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total Three months ended June 30, 2016 Beginning balance $ 2,053 $ 1,225 $ 1,084 $ 106 $ 94 $ 443 $ 5,005 Provision for possible loan losses 326 48 11 21 16 (257 ) 165 Charge-offs (6 ) (12 ) — — — (18 ) Recoveries 3 1 — — — 4 Net charge-offs (3 ) (11 ) — — — (14 ) Ending balance $ 2,376 $ 1,262 $ 1,095 $ 127 $ 110 $ 186 $ 5,156 Six months ended June 30, 2016 Beginning balance $ 1,664 $ 1,271 $ 1,086 $ 123 $ 86 $ 432 $ 4,662 Provision for possible loan losses 720 (180 ) 7 4 24 (246 ) 329 Charge-offs (15 ) (12 ) — — (1 ) (28 ) Recoveries 7 183 2 — 1 193 Net charge-offs (8 ) 171 2 — — 165 Ending balance $ 2,376 $ 1,262 $ 1,095 $ 127 $ 110 $ 186 $ 5,156 Three months ended June 30, 2015 Beginning balance $ 1,394 $ 1,574 $ 1,003 $ 133 $ 69 $ 321 $ 4,494 Provision for possible loan losses (43 ) (99 ) 8 (8 ) 8 329 195 Charge-offs (3 ) (16 ) (17 ) — (4 ) (40 ) Recoveries 6 — — — 1 7 Net charge-offs 3 (16 ) (17 ) — (3 ) (33 ) Ending balance $ 1,354 $ 1,459 $ 994 $ 125 $ 74 $ 650 $ 4,656 Six months ended June 30, 2015 Beginning balance $ 1,289 $ 1,524 $ 1,039 $ 142 $ 60 $ 327 $ 4,381 Provision for possible loan losses 58 (35 ) 16 (17 ) 44 323 389 Charge-offs (5 ) (40 ) (70 ) — (34 ) (149 ) Recoveries 12 10 9 — 4 35 Net charge-offs 7 (30 ) (61 ) — (30 ) (114 ) Ending balance $ 1,354 $ 1,459 $ 994 $ 125 $ 74 $ 650 $ 4,656 |
Allowances for Loan Losses and Ending Balances by Portfolio Class and Based on Impairment Method | The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio class and based on the impairment method as of June 30, 2016 and December 31, 2015: (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total June 30, 2016 Allowance for loan losses: Individually evaluated for impairment $ 709 $ — $ 27 $ — $ — $ — $ 736 Collectively evaluated for impairment 1,667 1,262 1,068 127 110 186 4,420 Total ending allowance balance $ 2,376 $ 1,262 $ 1,095 $ 127 $ 110 $ 186 $ 5,156 Loans: Loans individually evaluated for impairment $ 6,554 $ 664 $ 1,486 $ — $ — $ 8,704 Loans collectively evaluated for impairment 128,489 153,572 132,004 15,224 12,289 441,578 Total ending loans balance $ 135,043 $ 154,236 $ 133,490 $ 15,224 $ 12,289 $ 450,282 December 31, 2015 Allowance for loan losses: Individually evaluated for impairment $ 299 $ 64 $ 26 $ — $ — $ — $ 389 Collectively evaluated for impairment 1,365 1,207 1,060 123 86 432 4,273 Total ending allowance balance $ 1,664 $ 1,271 $ 1,086 $ 123 $ 86 $ 432 $ 4,662 Loans: Loans individually evaluated for impairment $ 6,127 $ 1,064 $ 1,533 $ — $ — $ 8,724 Loans collectively evaluated for impairment 117,016 147,711 124,242 15,452 9,268 413,689 Total ending loans balance $ 123,143 $ 148,775 $ 125,775 $ 15,452 $ 9,268 $ 422,413 |
Schedule of Impairment by Class of Loans | The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2016 and December 31, 2015: (Dollars in thousands) Unpaid Recorded Recorded Total Related June 30, 2016 Commercial $ 6,984 $ 5,376 $ 1,198 $ 6,574 $ 709 Commercial real estate 821 641 24 665 — Residential real estate 1,653 975 513 1,488 27 Total impaired loans $ 9,458 $ 6,992 $ 1,735 $ 8,727 $ 736 December 31, 2015 Commercial $ 6,541 $ 5,832 $ 301 $ 6,133 $ 299 Commercial real estate 1,265 670 393 1,063 64 Residential real estate 1,689 967 568 1,535 26 Total impaired loans $ 9,495 $ 7,469 $ 1,262 $ 8,731 $ 389 |
Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized | The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three months Six months ended June 30, (Dollars in thousands) 2016 2015 2016 2015 Average recorded investment: Commercial $ 6,579 $ 6,137 $ 6,360 $ 5,998 Commercial real estate 746 1,606 865 1,655 Residential real estate 1,497 1,729 1,518 1,674 Average recorded investment in impaired loans $ 8,822 $ 9,472 $ 8,743 $ 9,327 Interest income recognized: Commercial $ 56 $ 54 $ 122 $ 105 Commercial real estate 2 4 6 9 Residential real estate 14 19 29 35 Interest income recognized on a cash basis on impaired loans $ 72 $ 77 $ 157 $ 149 |
Schedule of Aging of Past Due and Nonaccrual Loans | The following table presents the aging of past due loans and nonaccrual loans as of June 30, 2016 and December 31, 2015 by class of loans: (Dollars in thousands) Current 30 - 59 60 - 89 90 Days + Non- Total Past Total Loans June 30, 2016 Commercial $ 133,401 $ 254 $ 23 $ — $ 1,365 $ 1,642 $ 135,043 Commercial real estate 153,474 60 — 122 580 762 154,236 Residential real estate 132,345 374 104 114 553 1,145 133,490 Construction & land development 15,224 — — — — — 15,224 Consumer 12,150 120 19 — — 139 12,289 Total Loans $ 446,594 $ 808 $ 146 $ 236 $ 2,498 $ 3,688 $ 450,282 |
Summary of Troubled Debt Restructurings | The following table presents loans restructured during the three and six month period ended June 30, 2015. (Dollars in thousands) Number of Pre- Post- For the three months ended June 30, 2016 Commercial 3 $ 327 $ 327 Total Restructured Loans 3 $ 327 $ 327 |
Summary of Loans by Credit Quality Indicator | homogeneous loans. Based on the most recent analysis performed, the risk category of loans by class is as follows as of June 30, 2016 and December 31, 2015: (Dollars in thousands) Pass Special Substandard Doubtful Not Rated Total June 30, 2016 Commercial $ 119,145 $ 2,523 $ 12,476 $ — $ 899 $ 135,043 Commercial real estate 144,549 2,811 5,969 — 907 154,236 Residential real estate 221 — 200 — 133,069 133,490 Construction & land development 11,766 829 374 — 2,255 15,224 Consumer — — — — 12,289 12,289 Total $ 275,681 $ 6,163 $ 19,019 $ — $ 149,419 $ 450,282 |
Schedule of Loans Not Rated by Class of Loans | The following table presents loans that are not rated by class of loans as of June 30, 2016 and December 31, 2015. Nonperforming loans include loans past due 90 days or more and loans on nonaccrual of interest status. (Dollars in thousands) Performing Non-Performing Total June 30, 2016 Commercial $ 899 $ — $ 899 Commercial real estate 824 83 907 Residential real estate 132,432 637 133,069 Construction & land development 2,255 — 2,255 Consumer 12,289 — 12,289 Total $ 148,699 $ 720 $ 149,419 |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Debt Disclosure [Abstract] | |
Summary of Repurchase Agreements Accounted for as Secured Borrowings | The following table provides additional detail regarding repurchase agreements accounted for as secured borrowings. Remaining Contractual (Dollars in thousands) June 30, December 31, Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value $ 54,251 $ 48,791 Repurchase agreements 54,113 48,598 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value of Assets Measured on Recurring Basis | The following table presents the assets reported on the Consolidated Balance Sheet at their fair value as of June 30, 2016 and December 31, 2015 by level within the fair value hierarchy. (Dollars in thousands) Level I Level II Level III Total June 30, 2016 Assets: Securities available-for-sale U.S. Treasury security $ 1,002 $ $ — $ 1,002 U.S. Government agencies — 9,011 — 9,011 Mortgage-backed securities of government agencies — 60,779 — 60,779 Other mortgage-backed securities — 81 — 81 Asset-backed securities of government agencies — 1,285 — 1,285 State and political subdivisions — 29,457 — 29,457 Corporate bonds — 17,670 — 17,670 Total debt securities 1,002 118,283 — 119,285 Equity securities 70 — — 70 Total available-for-sale securities $ 1,072 $ 118,283 $ — $ 119,355 December 31, 2015 Assets: Securities available-for-sale U.S. Treasury security $ 1,000 $ — $ — $ 1,000 U.S. Government agencies — 18,118 — 18,118 Mortgage-backed securities of government agencies — 63,179 — 63,179 Other mortgage-backed securities — 104 — 104 Asset-backed securities of government agencies — 1,392 — 1,392 State and political subdivisions — 25,301 — 25,301 Corporate bonds — 18,811 — 18,811 Total debt securities 1,000 126,905 — 127,905 Equity securities 64 — — 64 Total available-for-sale securities $ 1,064 $ 126,905 $ — $ 127,969 |
Schedule of Fair Value of Assets Measured on Nonrecurring Basis | The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of June 30, 2016 and December 31, 2015, by level within the fair value hierarchy. (Dollars in thousands) Level I Level II Level III Total June 30, 2016 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 7,968 $ 7,968 Other real estate owned 72 72 December 31, 2015 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 8,335 $ 8,335 |
Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis | The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value: Quantitative Information about Level III Fair Value Measurements Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) (Dollars in thousands) June 30, 2016 Impaired loans $ 6,776 Discounted cash flow Remaining term Discount rate 0.5 mo to 29 yrs (55.7 months) 3.1% to 9.8% (4.4%) 1,192 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 0% to -50% (-35%) -10% December 31, 2015 Impaired loans $ 7,256 Discounted cash flow Remaining term 2 mos to 29.5 yrs / (55 mos) 3.1% to 8.3% / (4.3%) 1,079 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 0% to -50% (-26%) -10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. |
Fair Values of Financial Inst21
Fair Values of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Investments, All Other Investments [Abstract] | |
Schedule of Estimated Fair Values of Recognized Financial Instruments | The estimated fair values of recognized financial instruments as of June 30, 2016 and December 31, 2015 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value June 30, 2016 Financial assets Cash and cash equivalents $ 28,127 $ 28,127 $ — $ — $ 28,127 Securities available-for-sale 119,355 1,072 118,283 — 119,355 Securities held-to-maturity 23,845 — 24,428 — 24,428 Restricted stock 4,614 4,614 — 4,614 Loans held for sale 350 350 — — 350 Net loans 445,633 — — 450,502 450,502 Bank-owned life insurance 10,222 10,222 — — 10,222 Accrued interest receivable 1,455 1,455 — — 1,455 Mortgage servicing rights 254 — — 254 254 Financial liabilities Deposits $ 516,497 $ 399,862 $ — $ 117,191 $ 517,053 Short-term borrowings 54,125 54,125 — 54,125 Other borrowings 12,574 — — 12,905 12,905 Accrued interest payable 73 73 — — 73 December 31, 2015 Financial assets Cash and cash equivalents $ 38,272 $ 38,272 $ — $ — $ 38,272 Securities available-for-sale 127,969 1,064 126,905 — 127,969 Securities held-to-maturity 33,819 — 34,011 — 34,011 Restricted stock 4,614 4,614 — — 4,614 Loans held for sale 47 47 — — 47 Net loans 418,209 — — 420,181 420,181 Bank-owned life insurance 10,085 10,085 — — 10,085 Accrued interest receivable 1,513 1,513 — — 1,513 Mortgage servicing rights 246 — — 246 246 Financial liabilities Deposits $ 525,042 $ 405,776 $ — $ 119,867 $ 525,643 Short-term borrowings 48,598 48,598 — — 48,598 Other borrowings 13,465 — — 13,667 13,667 Accrued interest payable 80 80 — — 80 |
Accumulated Other Comprehensi22
Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Equity [Abstract] | |
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component Net of Tax | The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three and six month periods ended June 30, 2016 and 2015: (Dollars in thousands) Pretax Tax Effect After-tax Affected Line Three months ended June 30, 2016 Balance as of March 31, 2016 $ 223 $ (76 ) $ 147 Unrealized holding gain on available-for-sale securities arising during the period 519 (176 ) 343 Amortization of held-to-maturity discount resulting from transfer 270 (92 ) 178 Total other comprehensive income 789 (268 ) 521 Balance as of June 30, 2016 $ 1,012 $ (344 ) $ 668 Six months ended June 30, 2016 Balance as of December 31, 2015 $ (631 ) $ 214 $ (417 ) Unrealized holding gain on available-for-sale securities arising during the period 1,327 (451 ) 876 Amortization of held-to-maturity discount resulting from transfer 317 (108 ) 209 Total other comprehensive income 1,644 (559 ) 1,085 Balance as of June 30, 2016 $ 1,013 $ (345 ) $ 668 Three months ended June 30, 2015 Balance as of March 31, 2015 $ 360 $ (122 ) $ 238 Unrealized holding loss on available-for-sale securities arising during the period (1,386 ) 471 (915 ) Reclassify gain included in income (21 ) 7 (14 ) (a, b) Amortization of held-to-maturity discount resulting from transfer 162 (55 ) 107 Total other comprehensive loss (1,245 ) 423 (822 ) Balance as of June 30, 2015 $ (885 ) $ 301 $ (584 ) Six months ended June 30, 2015 Balance as of December 31, 2014 $ (427 ) $ 145 $ (282 ) Unrealized holding loss on available-for-sale securities arising during the period (618 ) 210 (408 ) Reclassify gain included in income (56 ) 19 (37 ) (a, b) Amortization of held-to-maturity discount resulting from transfer 216 (73 ) 143 Total other comprehensive loss (458 ) 156 (302 ) Balance as of June 30, 2015 $ (885 ) $ 301 $ (584 ) (a) Securities gain (b) Federal Income Tax Provision. |
Securities - Summary of Securit
Securities - Summary of Securities Available-for-Sale and Restricted Stock (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | $ 117,686 | $ 127,628 |
Gross Unrealized Gains, Available-for-sale | 1,941 | 968 |
Gross Unrealized Losses, Available-for-sale | 272 | 627 |
Fair Value, Available-for-sale | 119,355 | 127,969 |
Amortized Cost, Held to maturity | 23,845 | 33,819 |
Gross Unrealized Gains, Held to maturity | 608 | 393 |
Gross Unrealized Losses, Held to maturity | 25 | 201 |
Fair Value, Held to maturity | 24,428 | 34,011 |
Amortized Cost | 146,145 | 166,061 |
Gross Unrealized Gains | 2,549 | 1,361 |
Gross Unrealized Losses | 297 | 828 |
Fair Value | 148,397 | 166,594 |
U.S. Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 9,010 | 18,239 |
Gross Unrealized Gains, Available-for-sale | 2 | 5 |
Gross Unrealized Losses, Available-for-sale | 1 | 126 |
Fair Value, Available-for-sale | 9,011 | 18,118 |
Amortized Cost, Held to maturity | 7,335 | 15,586 |
Gross Unrealized Gains, Held to maturity | 164 | 312 |
Gross Unrealized Losses, Held to maturity | 46 | |
Fair Value, Held to maturity | 7,499 | 15,852 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 59,805 | 62,930 |
Gross Unrealized Gains, Available-for-sale | 1,017 | 527 |
Gross Unrealized Losses, Available-for-sale | 43 | 278 |
Fair Value, Available-for-sale | 60,779 | 63,179 |
Amortized Cost, Held to maturity | 16,510 | 18,233 |
Gross Unrealized Gains, Held to maturity | 444 | 81 |
Gross Unrealized Losses, Held to maturity | 25 | 155 |
Fair Value, Held to maturity | 16,929 | 18,159 |
U.S. Treasury Security [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 1,001 | 1,002 |
Gross Unrealized Gains, Available-for-sale | 1 | |
Gross Unrealized Losses, Available-for-sale | 2 | |
Fair Value, Available-for-sale | 1,002 | 1,000 |
Other Mortgage-Backed Securities [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 81 | 104 |
Fair Value, Available-for-sale | 81 | 104 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 1,387 | 1,464 |
Gross Unrealized Losses, Available-for-sale | 102 | 72 |
Fair Value, Available-for-sale | 1,285 | 1,392 |
State and Political Subdivisions [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 28,650 | 24,924 |
Gross Unrealized Gains, Available-for-sale | 807 | 418 |
Gross Unrealized Losses, Available-for-sale | 41 | |
Fair Value, Available-for-sale | 29,457 | 25,301 |
Corporate Bonds [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 17,699 | 18,912 |
Gross Unrealized Gains, Available-for-sale | 97 | 7 |
Gross Unrealized Losses, Available-for-sale | 126 | 108 |
Fair Value, Available-for-sale | 17,670 | 18,811 |
Equity Securities [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 53 | 53 |
Gross Unrealized Gains, Available-for-sale | 17 | 11 |
Fair Value, Available-for-sale | 70 | 64 |
Restricted Stock [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost | 4,614 | 4,614 |
Fair Value | $ 4,614 | $ 4,614 |
Securities - Summary of Amortiz
Securities - Summary of Amortized Cost and Fair Value of Debt Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Available-for-sale | ||
Due in one year or less, Amortized Cost | $ 11,142 | |
Due after one through five years, Amortized Cost | 20,411 | |
Due after five through ten years, Amortized Cost | 20,697 | |
Due after ten years, Amortized Cost | 65,383 | |
Total debt securities available-for-sale, Amortized Cost | 117,633 | |
Due in one year or less, Fair Value | 11,156 | |
Due after one through five years, Fair Value | 20,716 | |
Due after five through ten years, Fair Value | 21,075 | |
Due after ten years, Fair Value | 66,338 | |
Total debt securities available-for-sale, Fair Value | 119,285 | |
Held-to-maturity | ||
Due in one year or less, Amortized Cost | 0 | |
Due after one through five years, Amortized Cost | 0 | |
Due after five through ten years, Amortized Cost | 2,383 | |
Due after ten years, Amortized cost | 21,462 | |
Amortized Cost, Held to maturity | 23,845 | $ 33,819 |
Due in one year or less, Fair Value | 0 | |
Due after one through five years, Fair Value | 0 | |
Due after five through ten years, Fair Value | 2,498 | |
Due after ten years, Fair Value | 21,930 | |
Total debt securities held-to-maturity, Fair Value | $ 24,428 | $ 34,011 |
Securities - Additional Informa
Securities - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |||||
Fair value of pledged securities | $ 94,500,000 | $ 94,500,000 | $ 94,300,000 | ||
Restricted stock investment in FHLB stock | 4,100,000 | 4,100,000 | 4,100,000 | ||
Federal Reserve Bank stock | 471,000 | 471,000 | $ 471,000 | ||
Income tax provision applicable to realized gains | 0 | $ 7,000 | 0 | $ 19,000 | |
Income tax benefit on realized losses | $ 0 | $ 0 |
Securities - Summary of Proceed
Securities - Summary of Proceeds and Gains and Losses from Sales of Available-for-Sale Securities (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | ||||
Proceeds | $ 1,488 | $ 1,576 | ||
Realized gains | 21 | 56 | ||
Realized losses | $ 0 | 0 | $ 0 | 0 |
Net securities gains | $ 21 | $ 56 |
Securities - Summary of Gross U
Securities - Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Total | $ 25 | $ 201 |
Gross Unrealized Losses, Less Than 12 Months | 236 | 761 |
Fair Value, Less Than 12 Months | 10,254 | 68,677 |
Gross Unrealized Losses, 12 Months Or More | 61 | 67 |
Fair Value, 12 Months Or More | 6,724 | 6,061 |
Gross Unrealized Losses, Total | 297 | 828 |
Fair Value, Total | 16,978 | 74,738 |
U.S. Treasury Security [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 2 | |
Fair Value, Less Than 12 Months | 1,000 | |
Gross Unrealized Losses, Total | 2 | |
Fair Value, Total | 1,000 | |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Less Than 12 Months | 46 | |
Held-to-maturity, Fair Value, Less Than 12 Months | 5,954 | |
Held-to-maturity, Gross Unrealized Losses, Total | 46 | |
Held-to-maturity, Fair Value, Total | 5,954 | |
Gross Unrealized Losses, Less Than 12 Months | 67 | |
Fair Value, Less Than 12 Months | 9,172 | |
Gross Unrealized Losses, 12 Months Or More | 1 | 59 |
Fair Value, 12 Months Or More | 1,999 | 4,941 |
Gross Unrealized Losses, Total | 1 | 126 |
Fair Value, Total | 1,999 | 14,113 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Less Than 12 Months | 155 | |
Held-to-maturity, Fair Value, Less Than 12 Months | 12,994 | |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | 25 | |
Held-to-maturity, Fair Value, 12 Months Or More | 4,260 | |
Held-to-maturity, Gross Unrealized Losses, Total | 25 | 155 |
Held-to-maturity, Fair Value, Total | 4,260 | 12,994 |
Gross Unrealized Losses, Less Than 12 Months | 43 | 278 |
Fair Value, Less Than 12 Months | 5,054 | 20,231 |
Gross Unrealized Losses, Total | 43 | 278 |
Fair Value, Total | 5,054 | 20,231 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 33 | |
Fair Value, Less Than 12 Months | 2,652 | |
Gross Unrealized Losses, 12 Months Or More | 8 | |
Fair Value, 12 Months Or More | 1,120 | |
Gross Unrealized Losses, Total | 41 | |
Fair Value, Total | 3,772 | |
Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 91 | 108 |
Fair Value, Less Than 12 Months | 3,915 | 15,282 |
Gross Unrealized Losses, 12 Months Or More | 35 | |
Fair Value, 12 Months Or More | 465 | |
Gross Unrealized Losses, Total | 126 | 108 |
Fair Value, Total | 4,380 | 15,282 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 102 | 72 |
Fair Value, Less Than 12 Months | 1,285 | 1,392 |
Gross Unrealized Losses, Total | 102 | 72 |
Fair Value, Total | $ 1,285 | $ 1,392 |
Loans - Summary of Loans (Detai
Loans - Summary of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | $ 450,282 | $ 422,413 |
Deferred loan costs | 507 | 458 |
Total Loans | 450,789 | 422,871 |
Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 135,043 | 123,143 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 154,236 | 148,775 |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 133,490 | 125,775 |
Construction & Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 15,224 | 15,452 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | $ 12,289 | $ 9,268 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Percentage of outstanding principal balances of commercial real estate loans secured by owner-occupied properties | 80.00% | 80.00% | 76.00% | ||
Loans serviced for others | $ 81,800,000 | $ 76,300,000 | |||
Concentrations of loans related to a single industry | $ 0 | 0 | 0 | ||
Loans classified as troubled debt restructurings | 7,500,000 | 7,500,000 | 7,600,000 | ||
Reserves allocated to customers whose loan terms are modified in troubled debt restructurings | 163,000 | 163,000 | 26,000 | ||
Loans payable in nonaccrual of interest status | 734,000 | 734,000 | |||
Foreclosed real estate | 72,000 | 72,000 | 0 | ||
Consumer mortgage loans in process of foreclosure amount | 325,000 | $ 89,000 | |||
Outstanding balance of commercial loans classified under credit risk, minimum amount | 300,000 | 300,000 | |||
Loans listed as not rated under risk category, maximum amount | 300,000 | 300,000 | |||
Residential Real Estate Loan Restructured In 2014 [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans restructured, subsequently defaulted | 0 | $ 0 | 0 | $ 0 | |
Residential Real Estate Loan Restructured In 2015 [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans restructured, subsequently defaulted | 0 | $ 0 | 0 | $ 0 | |
Performing [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans classified as troubled debt restructurings | $ 6,800,000 | $ 6,800,000 |
Loans - Schedule of Allowances
Loans - Schedule of Allowances for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | $ 5,005 | $ 4,494 | $ 4,662 | $ 4,381 |
Provision for possible loan losses | 165 | 195 | 329 | 389 |
Charge-offs | (18) | (40) | (28) | (149) |
Recoveries | 4 | 7 | 193 | 35 |
Net charge-offs | (14) | (33) | 165 | (114) |
Ending balance | 5,156 | 4,656 | 5,156 | 4,656 |
Commercial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 2,053 | 1,394 | 1,664 | 1,289 |
Provision for possible loan losses | 326 | (43) | 720 | 58 |
Charge-offs | (6) | (3) | (15) | (5) |
Recoveries | 3 | 6 | 7 | 12 |
Net charge-offs | (3) | 3 | (8) | 7 |
Ending balance | 2,376 | 1,354 | 2,376 | 1,354 |
Commercial Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 1,225 | 1,574 | 1,271 | 1,524 |
Provision for possible loan losses | 48 | (99) | (180) | (35) |
Charge-offs | (12) | (16) | (12) | (40) |
Recoveries | 1 | 183 | 10 | |
Net charge-offs | (11) | (16) | 171 | (30) |
Ending balance | 1,262 | 1,459 | 1,262 | 1,459 |
Residential Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 1,084 | 1,003 | 1,086 | 1,039 |
Provision for possible loan losses | 11 | 8 | 7 | 16 |
Charge-offs | (17) | (70) | ||
Recoveries | 2 | 9 | ||
Net charge-offs | (17) | 2 | (61) | |
Ending balance | 1,095 | 994 | 1,095 | 994 |
Construction & Land Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 106 | 133 | 123 | 142 |
Provision for possible loan losses | 21 | (8) | 4 | (17) |
Ending balance | 127 | 125 | 127 | 125 |
Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 94 | 69 | 86 | 60 |
Provision for possible loan losses | 16 | 8 | 24 | 44 |
Charge-offs | (4) | (1) | (34) | |
Recoveries | 1 | 1 | 4 | |
Net charge-offs | (3) | (30) | ||
Ending balance | 110 | 74 | 110 | 74 |
Unallocated [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 443 | 321 | 432 | 327 |
Provision for possible loan losses | (257) | 329 | (246) | 323 |
Ending balance | $ 186 | $ 650 | $ 186 | $ 650 |
Loans - Allowances for Loan Los
Loans - Allowances for Loan Losses and Ending Balances by Portfolio Class and Based on Impairment Method (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment | $ 736 | $ 389 | ||||
Collectively evaluated for impairment | 4,420 | 4,273 | ||||
Total ending allowance balance | 5,156 | $ 5,005 | 4,662 | $ 4,656 | $ 4,494 | $ 4,381 |
Loans: | ||||||
Loans individually evaluated for impairment | 8,704 | 8,724 | ||||
Loans collectively evaluated for impairment | 441,578 | 413,689 | ||||
Total ending loans balance | 450,282 | 422,413 | ||||
Commercial [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment | 709 | 299 | ||||
Collectively evaluated for impairment | 1,667 | 1,365 | ||||
Total ending allowance balance | 2,376 | 2,053 | 1,664 | 1,354 | 1,394 | 1,289 |
Loans: | ||||||
Loans individually evaluated for impairment | 6,554 | 6,127 | ||||
Loans collectively evaluated for impairment | 128,489 | 117,016 | ||||
Total ending loans balance | 135,043 | 123,143 | ||||
Commercial Real Estate [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment | 64 | |||||
Collectively evaluated for impairment | 1,262 | 1,207 | ||||
Total ending allowance balance | 1,262 | 1,225 | 1,271 | 1,459 | 1,574 | 1,524 |
Loans: | ||||||
Loans individually evaluated for impairment | 664 | 1,064 | ||||
Loans collectively evaluated for impairment | 153,572 | 147,711 | ||||
Total ending loans balance | 154,236 | 148,775 | ||||
Residential Real Estate [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment | 27 | 26 | ||||
Collectively evaluated for impairment | 1,068 | 1,060 | ||||
Total ending allowance balance | 1,095 | 1,084 | 1,086 | 994 | 1,003 | 1,039 |
Loans: | ||||||
Loans individually evaluated for impairment | 1,486 | 1,533 | ||||
Loans collectively evaluated for impairment | 132,004 | 124,242 | ||||
Total ending loans balance | 133,490 | 125,775 | ||||
Construction & Land Development [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Collectively evaluated for impairment | 127 | 123 | ||||
Total ending allowance balance | 127 | 106 | 123 | 125 | 133 | 142 |
Loans: | ||||||
Loans collectively evaluated for impairment | 15,224 | 15,452 | ||||
Total ending loans balance | 15,224 | 15,452 | ||||
Consumer [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Collectively evaluated for impairment | 110 | 86 | ||||
Total ending allowance balance | 110 | 94 | 86 | 74 | 69 | 60 |
Loans: | ||||||
Loans collectively evaluated for impairment | 12,289 | 9,268 | ||||
Total ending loans balance | 12,289 | 9,268 | ||||
Unallocated [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Collectively evaluated for impairment | 186 | 432 | ||||
Total ending allowance balance | $ 186 | $ 443 | $ 432 | $ 650 | $ 321 | $ 327 |
Loans - Schedule of Impairment
Loans - Schedule of Impairment by Class of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | $ 9,458 | $ 9,495 |
Recorded Investment with no Allowance | 6,992 | 7,469 |
Recorded Investment with Allowance | 1,735 | 1,262 |
Total Recorded Investment | 8,727 | 8,731 |
Related Allowance | 736 | 389 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 6,984 | 6,541 |
Recorded Investment with no Allowance | 5,376 | 5,832 |
Recorded Investment with Allowance | 1,198 | 301 |
Total Recorded Investment | 6,574 | 6,133 |
Related Allowance | 709 | 299 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 821 | 1,265 |
Recorded Investment with no Allowance | 641 | 670 |
Recorded Investment with Allowance | 24 | 393 |
Total Recorded Investment | 665 | 1,063 |
Related Allowance | 64 | |
Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 1,653 | 1,689 |
Recorded Investment with no Allowance | 975 | 967 |
Recorded Investment with Allowance | 513 | 568 |
Total Recorded Investment | 1,488 | 1,535 |
Related Allowance | $ 27 | $ 26 |
Loans - Schedule of Average Rec
Loans - Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Average recorded investment: | ||||
Average recorded investment in impaired loans | $ 8,822 | $ 9,472 | $ 8,743 | $ 9,327 |
Interest income recognized: | ||||
Interest income recognized on a cash basis on impaired loans | 72 | 77 | 157 | 149 |
Commercial [Member] | ||||
Average recorded investment: | ||||
Average recorded investment in impaired loans | 6,579 | 6,137 | 6,360 | 5,998 |
Interest income recognized: | ||||
Interest income recognized on a cash basis on impaired loans | 56 | 54 | 122 | 105 |
Commercial Real Estate [Member] | ||||
Average recorded investment: | ||||
Average recorded investment in impaired loans | 746 | 1,606 | 865 | 1,655 |
Interest income recognized: | ||||
Interest income recognized on a cash basis on impaired loans | 2 | 4 | 6 | 9 |
Residential Real Estate [Member] | ||||
Average recorded investment: | ||||
Average recorded investment in impaired loans | 1,497 | 1,729 | 1,518 | 1,674 |
Interest income recognized: | ||||
Interest income recognized on a cash basis on impaired loans | $ 14 | $ 19 | $ 29 | $ 35 |
Loans - Schedule of Aging of Pa
Loans - Schedule of Aging of Past Due and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | $ 446,594 | $ 419,645 |
Non-Accrual | 2,498 | 1,576 |
Total Past Due and Non-Accrual | 3,688 | 2,768 |
Total ending loans balance | 450,282 | 422,413 |
30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 808 | 683 |
60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 146 | 404 |
90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 236 | 105 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 133,401 | 122,760 |
Non-Accrual | 1,365 | 177 |
Total Past Due and Non-Accrual | 1,642 | 383 |
Total ending loans balance | 135,043 | 123,143 |
Commercial [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 254 | 34 |
Commercial [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 23 | 172 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 153,474 | 147,920 |
Non-Accrual | 580 | 796 |
Total Past Due and Non-Accrual | 762 | 855 |
Total ending loans balance | 154,236 | 148,775 |
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 60 | |
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 59 | |
Commercial Real Estate [Member] | 90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 122 | |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 132,345 | 124,408 |
Non-Accrual | 553 | 603 |
Total Past Due and Non-Accrual | 1,145 | 1,367 |
Total ending loans balance | 133,490 | 125,775 |
Residential Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 374 | 486 |
Residential Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 104 | 173 |
Residential Real Estate [Member] | 90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 114 | 105 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 15,224 | 15,452 |
Total ending loans balance | 15,224 | 15,452 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 12,150 | 9,105 |
Total Past Due and Non-Accrual | 139 | 163 |
Total ending loans balance | 12,289 | 9,268 |
Consumer [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 120 | $ 163 |
Consumer [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 19 |
Loans - Summary of Troubled Deb
Loans - Summary of Troubled Debt Restructurings (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016USD ($)Contract | Jun. 30, 2015USD ($)Contract | Jun. 30, 2016USD ($)Contract | Jun. 30, 2015USD ($)Contract | |
Financing Receivable, Modifications [Line Items] | ||||
Number of loans restructured | Contract | 3 | 3 | 3 | 4 |
Pre-Modification Recorded Investment | $ 327 | $ 266 | $ 327 | $ 295 |
Post-Modification Recorded Investment | $ 327 | $ 266 | $ 327 | $ 295 |
Commercial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans restructured | Contract | 3 | 3 | ||
Pre-Modification Recorded Investment | $ 327 | $ 327 | ||
Post-Modification Recorded Investment | $ 327 | $ 327 | ||
Residential Real Estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans restructured | Contract | 3 | 4 | ||
Pre-Modification Recorded Investment | $ 266 | $ 295 | ||
Post-Modification Recorded Investment | $ 266 | $ 295 |
Loans - Summary of Loans by Cre
Loans - Summary of Loans by Credit Quality Indicator (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 450,282 | $ 422,413 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 135,043 | 123,143 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 154,236 | 148,775 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 133,490 | 125,775 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 15,224 | 15,452 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 12,289 | 9,268 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 275,681 | 265,055 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 119,145 | 112,229 |
Pass [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 144,549 | 141,621 |
Pass [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 221 | 190 |
Pass [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 11,766 | 11,015 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 6,163 | 6,786 |
Special Mention [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 2,523 | 3,100 |
Special Mention [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 2,811 | 2,742 |
Special Mention [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 829 | 944 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 19,019 | 10,407 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 12,476 | 7,044 |
Substandard [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 5,969 | 3,150 |
Substandard [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 200 | 213 |
Substandard [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 374 | |
Not Rated [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 149,419 | 140,165 |
Not Rated [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 899 | 770 |
Not Rated [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 907 | 1,262 |
Not Rated [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 133,069 | 125,372 |
Not Rated [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 2,255 | 3,493 |
Not Rated [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 12,289 | $ 9,268 |
Loans - Schedule of Loans Not R
Loans - Schedule of Loans Not Rated by Class of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | $ 149,419 | $ 140,165 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 899 | 770 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 907 | 1,262 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 133,069 | 125,372 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 2,255 | 3,493 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 12,289 | 9,268 |
Performing [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 148,699 | 139,493 |
Performing [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 899 | 770 |
Performing [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 824 | 1,262 |
Performing [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 132,432 | 124,700 |
Performing [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 2,255 | 3,493 |
Performing [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 12,289 | 9,268 |
Nonperforming [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 720 | 672 |
Nonperforming [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 83 | |
Nonperforming [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | $ 637 | $ 672 |
Short-Term Borrowings- Summary
Short-Term Borrowings- Summary of Repurchase Agreements Accounted for as Secured Borrowings (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Short-term Debt [Abstract] | ||
Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value | $ 54,251 | $ 48,791 |
Repurchase agreements | $ 54,125 | $ 48,598 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
Fair Value Disclosures [Abstract] | ||
Liabilities carried at fair value | $ 0 | $ 0 |
Fair Value Measurements - Sched
Fair Value Measurements - Schedule of Fair Value of Assets Measured on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Total Securities Available-for-sale [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 119,355 | $ 127,969 |
U.S. Treasury Security [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,002 | 1,000 |
U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 9,011 | 18,118 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 60,779 | 63,179 |
Other Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 81 | 104 |
Asset-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,285 | 1,392 |
State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 29,457 | 25,301 |
Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 17,670 | 18,811 |
Total Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 119,285 | 127,905 |
Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 70 | 64 |
Level I [Member] | Total Securities Available-for-sale [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,072 | 1,064 |
Level I [Member] | U.S. Treasury Security [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,002 | 1,000 |
Level I [Member] | Total Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,002 | 1,000 |
Level I [Member] | Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 70 | 64 |
Level II [Member] | Total Securities Available-for-sale [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 118,283 | 126,905 |
Level II [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 9,011 | 18,118 |
Level II [Member] | Mortgage-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 60,779 | 63,179 |
Level II [Member] | Other Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 81 | 104 |
Level II [Member] | Asset-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,285 | 1,392 |
Level II [Member] | State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 29,457 | 25,301 |
Level II [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 17,670 | 18,811 |
Level II [Member] | Total Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 118,283 | $ 126,905 |
Fair Value Measurements - Sch41
Fair Value Measurements - Schedule of Fair Value of Assets Measured on Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 7,968 | $ 8,335 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 72 | |
Level III [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 7,968 | $ 8,335 |
Level III [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 72 |
Fair Value Measurements - Sch42
Fair Value Measurements - Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Impaired Loans [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Level III [Member] | Discounted Cash Flow [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Estimate | $ 6,776 | $ 7,256 |
Level III [Member] | Appraisal of Collateral [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Estimate | 1,192 | 1,079 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Estimate | 7,968 | 8,335 |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Estimate | $ 7,968 | $ 8,335 |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Remaining term | 15 days | 2 months |
Discount rate | 3.10% | 3.10% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Remaining term | 29 years | 29 years 6 months |
Discount rate | 9.80% | 8.30% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Discounted Cash Flow [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Remaining term | 55 months 21 days | 55 months |
Discount rate | 4.40% | 4.30% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Liquidation expense | (10.00%) | (10.00%) |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Appraisal adjustments | 0.00% | 0.00% |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Appraisal adjustments | (50.00%) | (50.00%) |
Fair Value, Measurements, Nonrecurring [Member] | Level III [Member] | Appraisal of Collateral [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Appraisal adjustments | (35.00%) | (26.00%) |
Fair Values of Financial Inst43
Fair Values of Financial Instruments - Schedule of Estimated Fair Values of Recognized Financial Instruments (Detail) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Financial assets | ||
Securities available-for-sale | $ 119,355 | $ 127,969 |
Securities held-to-maturity | 24,428 | 34,011 |
Bank-owned life insurance | 10,222 | 10,085 |
Carrying Value [Member] | ||
Financial assets | ||
Cash and cash equivalents | 28,127 | 38,272 |
Securities available-for-sale | 119,355 | 127,969 |
Securities held-to-maturity | 23,845 | 33,819 |
Restricted stock | 4,614 | 4,614 |
Loans held for sale | 350 | 47 |
Net loans | 445,633 | 418,209 |
Bank-owned life insurance | 10,222 | 10,085 |
Accrued interest receivable | 1,455 | 1,513 |
Financial liabilities | ||
Deposits | 516,497 | 525,042 |
Short-term borrowings | 54,125 | 48,598 |
Other borrowings | 12,574 | 13,465 |
Accrued interest payable | 73 | 80 |
Carrying Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 254 | 246 |
Fair Value [Member] | ||
Financial assets | ||
Cash and cash equivalents | 28,127 | 38,272 |
Securities available-for-sale | 119,355 | 127,969 |
Securities held-to-maturity | 24,428 | 34,011 |
Restricted stock | 4,614 | 4,614 |
Loans held for sale | 350 | 47 |
Net loans | 450,502 | 420,181 |
Bank-owned life insurance | 10,222 | 10,085 |
Accrued interest receivable | 1,455 | 1,513 |
Financial liabilities | ||
Deposits | 517,053 | 525,643 |
Short-term borrowings | 54,125 | 48,598 |
Other borrowings | 12,905 | 13,667 |
Accrued interest payable | 73 | 80 |
Fair Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 254 | 246 |
Fair Value [Member] | Level I [Member] | ||
Financial assets | ||
Cash and cash equivalents | 28,127 | 38,272 |
Securities available-for-sale | 1,072 | 1,064 |
Restricted stock | 4,614 | 4,614 |
Loans held for sale | 350 | 47 |
Bank-owned life insurance | 10,222 | 10,085 |
Accrued interest receivable | 1,455 | 1,513 |
Financial liabilities | ||
Deposits | 399,862 | 405,776 |
Short-term borrowings | 54,125 | 48,598 |
Accrued interest payable | 73 | 80 |
Fair Value [Member] | Level II [Member] | ||
Financial assets | ||
Securities available-for-sale | 118,283 | 126,905 |
Securities held-to-maturity | 24,428 | 34,011 |
Fair Value [Member] | Level III [Member] | ||
Financial assets | ||
Net loans | 450,502 | 420,181 |
Financial liabilities | ||
Deposits | 117,191 | 119,867 |
Other borrowings | 12,905 | 13,667 |
Fair Value [Member] | Level III [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | $ 254 | $ 246 |
Fair Values of Financial Inst44
Fair Values of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions | Jun. 30, 2016 | Dec. 31, 2015 |
Fair Value Disclosures [Abstract] | ||
Commitments to extend credit and letters of credit | $ 155 | $ 138 |
Accumulated Other Comprehensi45
Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component Net of Tax (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Pretax | $ 519 | $ (1,386) | $ 1,327 | $ (618) |
Reclassify gain included in income, Pretax | (21) | (56) | ||
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Tax Effect | 268 | (416) | 559 | (137) |
Reclassify gain included in income, Tax Effect | 7 | 19 | ||
Beginning balance, After-tax | (417) | |||
Other comprehensive income (loss) | 521 | (822) | 1,085 | (302) |
Ending Balance, After-tax | 668 | 668 | ||
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance, Pretax | 223 | 360 | (631) | (427) |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Pretax | 519 | (1,386) | 1,327 | (618) |
Reclassify gain included in income, Pretax | (21) | (56) | ||
Amortization of held-to-maturity discount resulting from transfer , Pretax | 270 | 162 | 317 | 216 |
Total other comprehensive income (loss), Pretax | 789 | (1,245) | 1,644 | (458) |
Ending balance, Pretax | 1,013 | (885) | 1,013 | (885) |
Beginning balance, Tax Effect | (76) | (122) | 214 | 145 |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Tax Effect | (176) | 471 | (451) | 210 |
Reclassify gain included in income, Tax Effect | 7 | 19 | ||
Amortization of held-to-maturity discount resulting from transfer, Tax Effect | (92) | (55) | (108) | (73) |
Total other comprehensive income (loss), Tax Effect | (268) | 423 | (559) | 156 |
Ending Balance, Tax Effect | (345) | 301 | (345) | 301 |
Beginning balance, After-tax | 147 | 238 | (417) | (282) |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, After-tax | 343 | (915) | 876 | (408) |
Reclassify gain included in income, After-tax | (14) | (37) | ||
Amortization of held-to-maturity discount resulting from transfer, After-tax | 178 | 107 | 209 | 143 |
Other comprehensive income (loss) | 521 | (822) | 1,085 | (302) |
Ending Balance, After-tax | $ 668 | $ (584) | $ 668 | $ (584) |