Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 01, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
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 | Mar. 31, 2017 | Dec. 31, 2016 |
Cash and cash equivalents | ||
Cash and due from banks | $ 13,911 | $ 13,590 |
Interest-earning deposits in other banks | 24,476 | 23,248 |
Total cash and cash equivalents | 38,387 | 36,838 |
Securities | ||
Available-for-sale, at fair value | 102,158 | 103,875 |
Held-to-maturity (fair value 2017-$27,675; 2016-$23,444) | 27,892 | 23,883 |
Restricted stock, at cost | 4,614 | 4,614 |
Total securities | 134,664 | 132,372 |
Loans held for sale | 264 | |
Loans | 480,709 | 475,449 |
Less allowance for loan losses | 5,454 | 5,291 |
Net loans | 475,255 | 470,158 |
Premises and equipment, net | 8,656 | 8,749 |
Core deposit intangible | 354 | 383 |
Goodwill | 4,728 | 4,728 |
Bank-owned life insurance | 12,959 | 10,361 |
Accrued interest receivable and other assets | 4,170 | 6,389 |
TOTAL ASSETS | 679,437 | 669,978 |
Deposits | ||
Noninterest-bearing | 171,235 | 167,824 |
Interest-bearing | 370,945 | 372,961 |
Total deposits | 542,180 | 540,785 |
Short-term borrowings | 54,022 | 48,742 |
Other borrowings | 12,304 | 12,385 |
Accrued interest payable and other liabilities | 4,004 | 2,651 |
Total liabilities | 612,510 | 604,563 |
SHAREHOLDERS' EQUITY | ||
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding (shares 2017 and 2016 - 2,742,242) | 18,629 | 18,629 |
Additional paid-in capital | 9,815 | 9,815 |
Retained earnings | 43,810 | 42,629 |
Treasury stock at cost (shares 2017 and 2016 - 238,360) | (4,784) | (4,784) |
Accumulated other comprehensive loss | (543) | (874) |
Total shareholders' equity | 66,927 | 65,415 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 679,437 | $ 669,978 |
Consolidated Balance Sheets (U3
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Held-to-maturity, fair value | $ 27,675 | $ 23,444 |
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 | 2,742,242 |
Treasury stock, at cost | 238,360 | 238,360 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
INTEREST AND DIVIDEND INCOME | ||
Loans, including fees | $ 5,449 | $ 4,742 |
Taxable securities | 598 | 737 |
Nontaxable securities | 165 | 154 |
Other | 34 | 28 |
Total interest and dividend income | 6,246 | 5,661 |
INTEREST EXPENSE | ||
Deposits | 267 | 259 |
Short-term borrowings | 22 | 17 |
Other borrowings | 95 | 100 |
Total interest expense | 384 | 376 |
NET INTEREST INCOME | 5,862 | 5,285 |
(Credit) provision for loan losses | (160) | 164 |
Net interest income, after (credit) provision for loan losses | 6,022 | 5,121 |
NONINTEREST INCOME | ||
Service charges on deposit accounts | 291 | 278 |
Trust services | 207 | 226 |
Debit card interchange fees | 288 | 262 |
Gain on sale of loans, net | 42 | 32 |
Other income | 278 | 194 |
Total noninterest income | 1,106 | 992 |
NONINTEREST EXPENSES | ||
Salaries and employee benefits | 2,459 | 2,327 |
Occupancy expense | 210 | 244 |
Equipment expense | 170 | 174 |
Professional and director fees | 169 | 174 |
Franchise tax expense | 131 | 107 |
Marketing and public relations | 78 | 85 |
Software expense | 210 | 187 |
Debit card expense | 130 | 104 |
Amortization of intangible assets | 29 | 30 |
FDIC insurance expense | 51 | 84 |
Provision for unfunded loan commitments | 540 | |
Other expenses | 469 | 473 |
Total noninterest expenses | 4,646 | 3,989 |
Income before income taxes | 2,482 | 2,124 |
FEDERAL INCOME TAX PROVISION | 752 | 644 |
NET INCOME | $ 1,730 | $ 1,480 |
Basic and diluted net earnings per share | $ 0.63 | $ 0.54 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 1,730 | $ 1,480 |
Other comprehensive income | ||
Unrealized gains arising during the period | 471 | 808 |
Amounts reclassified from accumulated other comprehensive income, held-to-maturity | 31 | 46 |
Income tax effect | (171) | (290) |
Other comprehensive income | 331 | 564 |
Total comprehensive income | $ 2,061 | $ 2,044 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) $ in Thousands | USD ($)$ / shares |
Balance at beginning of period at Dec. 31, 2015 | $ 61,266 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 1,480 |
Other comprehensive income (loss) | 564 |
Stock options exercised | 7 |
Cash dividends declared | (521) |
Balance at end of period at Mar. 31, 2016 | $ 62,796 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.19 |
Balance at beginning of period at Dec. 31, 2016 | $ 65,415 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 1,730 |
Other comprehensive income (loss) | 331 |
Cash dividends declared | (549) |
Balance at end of period at Mar. 31, 2017 | $ 66,927 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.20 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) | 3 Months Ended |
Mar. 31, 2016shares | |
Statement of Stockholders' Equity [Abstract] | |
Stock options exercised, shares | 1,246 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Statement of Cash Flows [Abstract] | ||
NET CASH FROM OPERATING ACTIVITIES | $ 4,407 | $ 1,382 |
Securities: | ||
Proceeds from repayments, available-for-sale | 4,430 | 11,625 |
Proceeds from repayments, held-to-maturity | 709 | 6,827 |
Purchases, available-for-sale | (2,379) | (5,281) |
Purchases, held-to-maturity | (4,700) | |
Loan originations, net of repayments | (4,899) | (10,398) |
Property, equipment and software acquisitions | (113) | (50) |
Purchase of bank-owned life insurance | (2,500) | |
Net cash (used in) provided by investing activities | (9,452) | 2,723 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net change in deposits | 1,395 | (15,062) |
Net change in short-term borrowings | 5,280 | 189 |
Repayment of other borrowings | (81) | (133) |
Net cash provided by (used in) financing activities | 6,594 | (15,006) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,549 | (10,901) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 36,838 | 38,272 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 38,387 | 27,371 |
Cash paid during the year for: | ||
Interest | 389 | 378 |
Income taxes | 400 | |
Noncash financing activities: | ||
Dividends declared | $ 549 | $ 521 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2017 | |
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 March 31, 2017, 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, 2016, 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 March 31, 2017 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 ASU 2014-09 2014-09 one-year year-end, ASU 2016-01 ASU 2016-02 right-of-use ASU 2016-13 ASU 2016-15 ASU 2017-04 ASU 2017-08 |
Securities
Securities | 3 Months Ended |
Mar. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | NOTE 2 – SECURITIES Securities consist of the following at March 31, 2017 and December 31, 2016: (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value March 31, 2017 Available-for-sale U.S. Treasury security $ 1,000 $ — $ — $ 1,000 U.S. Government agencies 8,500 — 79 8,421 Mortgage-backed securities of government agencies 53,306 296 438 53,164 Other mortgage-backed securities 55 — — 55 Asset-backed securities of government agencies 1,272 — 26 1,246 State and political subdivisions 28,768 195 276 28,687 Corporate bonds 9,615 45 156 9,504 Equity securities 53 28 — 81 Total available-for-sale 102,569 564 975 102,158 Held-to-maturity U.S. Government agencies 9,473 21 303 9,191 Mortgage-backed securities of government agencies 13,719 169 137 13,751 State and political subdivisions 4,700 33 — 4,733 Total held-to-maturity 27,892 223 440 27,675 Restricted stock 4,614 — — 4,614 Total securities $ 135,075 $ 787 $ 1,415 $ 134,447 December 31, 2016 Available-for-sale U.S. Treasury security $ 1,001 $ — $ — $ 1,001 U.S. Government agencies 6,500 — 98 6,402 Mortgage-backed securities of government agencies 56,187 239 589 55,837 Other mortgage-backed securities 65 — — 65 Asset-backed securities of government agencies 1,312 — 46 1,266 State and political subdivisions 30,007 140 439 29,708 Corporate bonds 9,632 28 144 9,516 Equity securities 53 27 — 80 Total available-for-sale 104,757 434 1,316 103,875 Held-to-maturity U.S. Government agencies 9,472 17 396 9,093 Mortgage-backed securities of government agencies 14,411 141 201 14,351 Total held-to-maturity 23,883 158 597 23,444 Restricted stock 4,614 — — 4,614 Total securities $ 133,254 $ 592 $ 1,913 $ 131,933 The amortized cost and fair value of debt securities at March 31, 2017, 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 cost Fair value Available-for-sale Due in one year or less $ 3,269 $ 3,272 Due after one through five years 24,328 24,391 Due after five through ten years 22,266 22,174 Due after ten years 52,653 52,240 Total debt securities available-for-sale $ 102,516 $ 102,077 Held-to-maturity Due in one year or less $ 4,700 $ 4,733 Due after one through five years — — Due after five through ten years 3,475 3,359 Due after ten years 19,717 19,583 Total debt securities held-to-maturity $ 27,892 $ 27,675 Securities with a carrying value of approximately $92.2 million and $94.8 million were pledged at March 31, 2017 and December 31, 2016 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 March 31, 2017 and December 31, 2016. Federal Reserve Bank stock was $471 thousand at March 31, 2017 and December 31, 2016. There were no proceeds from sales of available-for-sale 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 March 31, 2017 and December 31, 2016: Securities in a continuous unrealized loss position Less than 12 months 12 months or more Total (Dollars in thousands) Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value March 31, 2017 Available-for-sale U.S. Government agencies $ 79 $ 8,420 $ — $ — $ 79 $ 8,420 Mortgage-backed securities of government agencies 438 30,345 — — 438 30,345 Asset-backed securities of government agencies — 26 1,246 26 1,246 State and political subdivisions 276 10,713 — — 276 10,713 Corporate bonds 1 941 155 2,345 156 3,286 Held-to-maturity U.S. Government agencies 303 8,695 — — 303 8,695 Mortgage-backed securities of government agencies 12 1,938 125 3,517 137 5,455 Total temporarily impaired securities $ 1,109 $ 61,052 $ 306 $ 7,108 $ 1,415 $ 68,160 December 31, 2016 Available-for-sale U.S. Government agencies $ 98 $ 6,402 $ — $ — $ 98 $ 6,402 Mortgage-backed securities of government agencies 589 27,243 — — 589 27,243 Asset-backed securities of government agencies — — 46 1,266 46 1,266 State and political subdivisions 439 19,328 — — 439 19,328 Corporate bonds 33 3,593 111 1,889 144 5,482 Held-to-maturity U.S. Government agencies 396 8,602 — — 396 8,602 Mortgage-backed securities of government agencies 28 2,018 173 3,621 201 5,639 Total temporarily impaired securities $ 1,583 $ 67,186 $ 330 $ 6,776 $ 1,913 $ 73,962 There were seventy-one |
Loans
Loans | 3 Months Ended |
Mar. 31, 2017 | |
Receivables [Abstract] | |
Loans | NOTE 3 – LOANS Loans consist of the following: (Dollars in thousands) March 31, 2017 December 31, 2016 Commercial $ 132,455 $ 134,268 Commercial real estate 167,203 159,475 Residential real estate 149,007 144,489 Construction & land development 16,996 23,428 Consumer 14,528 13,308 Total loans before deferred costs 480,189 474,968 Deferred loan costs 520 481 Total Loans $ 480,709 $ 475,449 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 and the Board of Directors review and approve 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 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 past, 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, other business assets such as accounts receivable, or inventory and usually 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 are 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 With respect to loans to developers and builders that are secured by non-owner 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 on-site 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 a credit department that reviews and validates the credit risk program on a periodic basis. The Company engages an outside firm on an annual basis to provide a third party review of the commercial loan portfolio. Results of these reviews are presented to management. The loan review processes complement and reinforce the risk identification, assessment decisions made by lenders, and credit personnel, as well as the Company’s policies and procedures. Loans serviced for others approximated $86.0 million and $85.9 million at March 31, 2017 and December 31, 2016, 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, industrial, and commercial real estate loans. As of March 31, 2017, there were four business segment concentrations of credit. Loan balances as a percentage of capital included: $42 million, or 69%, to lessors of non-residential buildings, $25 million, or 41%, to logging and sawmill operations, $22 million, or 36%, to borrowers in the hotel, motel and lodging business, and $19 million, or 32%, to lessors of residential buildings at March 31, 2017. Allowance for Loan Losses The following tables detail activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2017 and 2016. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. The change in the provision for loan losses for the three months ended March 31, 2017 related to commercial loans was primarily due to the decrease in the specific allocation related to one commercial relationship, as well as the recovery of prior loan charge-offs. The increase in the provision for loan losses related to commercial real estate loans was due to the increase of nonaccrual loans in this category, as well as the increase in volume of loans. The changes in the provision for loan losses for the three months ended March 31, 2016 related to commercial and industrial loans were primarily due to the increase in a specific reserve amount for one commercial relationship as well as the increase in loan volume. The decrease in the provision related to commercial real estate loans was primarily due to a recovery of a prior charge-off (Dollars in thousands) Commercial Commercial Real Estate Residential Real Estate Construction & Land Development Consumer Unallocated Total Three months ended March 31, 2017 Beginning balance $ 2,207 $ 1,264 $ 1,189 $ 178 $ 141 $ 312 $ 5,291 (Credit) provision for loan losses (831 ) 274 114 6 29 248 (160 ) Charge-offs (8 ) — — — (5 ) (13 ) Recoveries 336 — — — — 336 Net recoveries (charge-offs) 328 — — — (5 ) 323 Ending balance $ 1,704 $ 1,538 $ 1,303 $ 184 $ 165 $ 560 $ 5,454 Three months ended March 31, 2016 Beginning balance $ 1,664 $ 1,271 $ 1,086 $ 123 $ 86 $ 432 $ 4,662 (Credit) provision for loan losses 394 (228 ) (4 ) (17 ) 8 11 164 Charge-offs (9 ) — — — (1 ) (10 ) Recoveries 4 182 2 — 1 189 Net recoveries (charge-offs) (5 ) 182 2 — — 179 Ending balance $ 2,053 $ 1,225 $ 1,084 $ 106 $ 94 $ 443 $ 5,005 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 March 31, 2017 and December 31, 2016: (Dollars in thousands) Commercial Commercial Real Estate Residential Real Estate Construction Consumer Unallocated Total March 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 51 $ — $ 25 $ — $ — $ — $ 76 Collectively evaluated for impairment 1,653 1,538 1,278 184 165 560 5,378 Total ending allowance balance $ 1,704 $ 1,538 $ 1,303 $ 184 $ 165 $ 560 $ 5,454 Loans: Loans individually evaluated for impairment $ 2,000 $ 3,543 $ 1,520 $ — $ — $ 7,063 Loans collectively evaluated for impairment 130,455 163,660 147,487 16,996 14,528 473,126 Total ending loans balance $ 132,455 $ 167,203 $ 149,007 $ 16,996 $ 14,528 $ 480,189 December 31, 2016 Allowance for loan losses: Individually evaluated for impairment $ 705 $ — $ 24 $ — $ — $ — $ 729 Collectively evaluated for impairment 1,502 1,264 1,165 178 141 312 4,562 Total ending allowance balance $ 2,207 $ 1,264 $ 1,189 $ 178 $ 141 $ 312 $ 5,291 Loans: Loans individually evaluated for impairment $ 5,028 $ 621 $ 1,507 $ — $ — $ 7,156 Loans collectively evaluated for impairment 129,240 158,854 142,982 23,428 13,308 467,812 Total ending loans balance $ 134,268 $ 159,475 $ 144,489 $ 23,428 $ 13,308 $ 474,968 The following table presents loans individually evaluated for impairment by class of loans as of March 31, 2017 and December 31, 2016: (Dollars in thousands) Unpaid Principal Balance Recorded Investment with no Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance March 31, 2017 Commercial $ 2,084 $ 1,882 $ 121 $ 2,003 $ 51 Commercial real estate 3,435 3,522 20 3,542 — Residential real estate 1,727 1,056 465 1,521 25 Total impaired loans $ 7,246 $ 6,460 $ 606 $ 7,066 $ 76 December 31, 2016 Commercial $ 5,476 $ 1,690 $ 3,354 $ 5,044 $ 705 Commercial real estate 796 600 21 621 — Residential real estate 1,681 1,036 472 1,508 24 Total impaired loans $ 7,953 $ 3,326 $ 3,847 $ 7,173 $ 729 The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three months ended March 31, (Dollars in thousands) 2017 2016 Average recorded investment: Commercial $ 4,216 $ 6,016 Commercial real estate 438 984 Residential real estate 1,488 1,530 Average recorded investment in impaired loans $ 6,142 $ 8,530 Interest income recognized: Commercial $ 14 $ 65 Commercial real estate — 4 Residential real estate 15 15 Interest income recognized on a cash basis on impaired loans $ 29 $ 84 The following table presents the aging of past due loans and nonaccrual loans as of March 31, 2017 and December 31, 2016 by class of loans: (Dollars in thousands) Current 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days + Past Due Non- Accrual Total Past Due and Non- Accrual Total Loans March 31, 2017 Commercial $ 131,447 $ 148 $ — $ — $ 860 $ 1,008 $ 132,455 Commercial real estate 163,273 272 95 40 3,523 3,930 167,203 Residential real estate 148,011 347 197 30 422 996 149,007 Construction & land development 16,996 — — — — — 16,996 Consumer 14,455 38 1 — 34 73 14,528 Total Loans $ 474,182 $ 805 $ 293 $ 70 $ 4,839 $ 6,007 $ 480,189 December 31, 2016 Commercial $ 133,630 $ 151 $ 62 $ — $ 425 $ 638 $ 134,268 Commercial real estate 158,504 435 — 39 497 971 159,475 Residential real estate 142,926 816 61 196 490 1,563 144,489 Construction & land development 23,428 — — — — — 23,428 Consumer 13,234 21 16 — 37 74 13,308 Total Loans $ 471,722 $ 1,423 $ 139 $ 235 $ 1,449 $ 3,246 $ 474,968 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 $2.8 million as of March 31, 2017, and $6.4 million as of December 31, 2016, with $25 thousand and $711 thousand of specific reserves allocated to those loans, respectively. At March 31, 2017, $2.5 million of the loans classified as TDR’s were performing in accordance with their modified terms. Of the remaining $348 thousand, all were in nonaccrual of interest status. There were no new TDR’s during the three month periods ended March 31, 2017 and 2016. None of the loans that were restructured in 2015 or 2016 have subsequently defaulted in the three month periods ended March 31, 2017 and 2016. The Company held no foreclosed real estate as of March 31, 2017 or December 31, 2016. Consumer mortgage loans in the process of foreclosure were $487 thousand at March 31, 2017 and $448 thousand at December 31, 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 March 31, 2017 and December 31, 2016: (Dollars in thousands) Pass Special Mention Substandard Doubtful Not Rated Total March 31, 2017 Commercial $ 115,363 $ 9,316 $ 6,767 $ — $ 1,009 $ 132,455 Commercial real estate 150,517 9,845 5,829 — 1,012 167,203 Residential real estate 213 — 55 — 148,739 149,007 Construction & land development 12,491 1,169 — — 3,336 16,996 Consumer — — — — 14,528 14,528 Total $ 278,584 $ 20,330 $ 12,651 $ — $ 168,624 $ 480,189 December 31, 2016 Commercial $ 116,739 $ 6,874 $ 9,704 $ — $ 951 $ 134,268 Commercial real estate 149,630 4,168 4,766 — 911 159,475 Residential real estate 216 — 175 — 144,098 144,489 Construction & land development 17,183 981 504 — 4,760 23,428 Consumer — — — — 13,308 13,308 Total $ 283,768 $ 12,023 $ 15,149 $ — $ 164,028 $ 474,968 The following table presents loans that are not rated by class of loans as of March 31, 2017 and December 31, 2016. Nonperforming loans include loans past due 90 days or more and loans on nonaccrual of interest status. (Dollars in thousands) Performing Non-Performing Total March 31, 2017 Commercial $ 857 $ 152 $ 1,009 Commercial real estate 1,012 — 1,012 Residential real estate 148,404 335 148,739 Construction & land development 3,336 — 3,336 Consumer 14,494 34 14,528 Total $ 168,103 $ 521 $ 168,624 December 31, 2016 Commercial $ 951 $ — $ 951 Commercial real estate 911 — 911 Residential real estate 143,440 658 144,098 Construction & land development 4,760 — 4,760 Consumer 13,271 37 13,308 Total $ 163,333 $ 695 $ 164,028 |
Short-Term Borrowings
Short-Term Borrowings | 3 Months Ended |
Mar. 31, 2017 | |
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 Maturity Overnight and Continuous (Dollars in thousands) March 31, 2017 December 31, 2016 Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value $ 54,226 $ 48,866 Repurchase agreements 54,022 48,742 |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2017 | |
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 March 31, 2017 and December 31, 2016 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 March 31, 2017 Assets: Securities available-for-sale U.S. Treasury security $ 1,000 $ — $ — $ 1,000 U.S. Government agencies — 8,421 — 8,421 Mortgage-backed securities of government agencies — 53,164 — 53,164 Other mortgage-backed securities — 55 — 55 Asset-backed securities of government agencies — 1,246 — 1,246 State and political subdivisions — 28,687 — 28,687 Corporate bonds — 9,504 — 9,504 Total debt securities 1,000 101,077 — 102,077 Equity securities 81 — — 81 Total available-for-sale $ 1,081 $ 101,077 $ — $ 102,158 December 31, 2016 Assets: Securities available-for-sale U.S. Treasury security $ 1,001 $ — $ — $ 1,001 U.S. Government agencies — 6,402 — 6,402 Mortgage-backed securities of government agencies — 55,837 — 55,837 Other mortgage-backed securities — 65 — 65 Asset-backed securities of government agencies — 1,266 — 1,266 State and political subdivisions — 29,708 — 29,708 Corporate bonds — 9,516 — 9,516 Total debt securities 1,001 102,794 — 103,795 Equity securities 80 — — 80 Total available-for-sale $ 1,081 $ 102,794 $ — $ 103,875 The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of March 31, 2017 and December 31, 2016, 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 March 31, 2017 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 6,987 $ 6,987 December 31, 2016 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 6,427 $ 6,427 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: (Dollars in thousands) March 31, 2017 Impaired loans $ 5,678 Discounted cash flow Remaining term Discount rate 2 mos to 30 yrs (154 months) 3.1% to 9.8% (4.7%) 1,309 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 0% to -50% (-23%) -10% December 31, 2016 Impaired loans $ 5,331 Discounted cash flow Remaining term Discount rate 6 mos to 29.9 yrs / (61.1 mos) 3.1% to 12.0% / (4.9%) 1,096 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 0% to -50% (-21.7%) -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 | 3 Months Ended |
Mar. 31, 2017 | |
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 March 31, 2017 and December 31, 2016 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value March 31, 2017 Financial assets Cash and cash equivalents $ 38,387 $ 38,387 $ — $ — $ 38,387 Securities available-for-sale 102,158 1,081 101,077 — 102,158 Securities held-to-maturity 27,892 — 27,675 — 27,675 Restricted stock 4,614 4,614 — 4,614 Loans held for sale 264 264 — — 264 Net loans 475,255 — — 478,673 478,673 Bank-owned life insurance 12,959 12,959 — — 12,959 Accrued interest receivable 1,604 1,604 — — 1,604 Mortgage servicing rights 260 — — 260 260 Financial liabilities Deposits $ 542,180 $ 430,366 $ — $ 112,062 $ 542,428 Short-term borrowings 54,022 54,022 — 54,022 Other borrowings 12,304 — — 12,434 12,434 Accrued interest payable 71 71 — — 71 December 31, 2016 Financial assets Cash and cash equivalents $ 36,838 $ 36,838 $ — $ — $ 36,838 Securities available-for-sale 103,875 1,081 102,794 — 103,875 Securities held-to-maturity 23,883 — 23,444 — 23,444 Restricted stock 4,614 4,614 — — 4,614 Loans held for sale — — — — — Net loans 470,158 — — 471,815 471,815 Bank-owned life insurance 10,361 10,361 — — 10,361 Accrued interest receivable 1,409 1,409 — — 1,409 Mortgage servicing rights 261 — — 261 261 Financial liabilities Deposits $ 540,785 $ 428,676 $ — $ 112,642 $ 541,318 Short-term borrowings 48,742 48,742 — — 48,742 Other borrowings 12,385 — — 12,511 12,511 Accrued interest payable 76 76 — — 76 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 held-to-maturity 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 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 March 31, 2017 and December 31, 2016. These financial instruments relate to commitments to extend credit and letters of credit. The aggregated contract amount of such financial instruments was approximately $164.4 million at March 31, 2017 and $163.7 million at December 31, 2016. 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) | 3 Months Ended |
Mar. 31, 2017 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Income (Loss) | NOTE 7- The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three month periods ended March 31, 2017 and 2016: (Dollars in thousands) Pretax Tax Effect After-tax Three months ended March 31, 2017 Balance as of December 31, 2016 $ (1,323 ) $ 449 $ (874 ) Unrealized holding gain on available-for-sale 471 (161 ) 310 Amortization of held-to-maturity 31 (10 ) 21 Total other comprehensive income 502 (171 ) 331 Balance as of March 31, 2017 $ (821 ) $ 278 $ (543 ) Three months ended March 31, 2016 Balance as of December 31, 2015 $ (631 ) $ 214 $ (417 ) Unrealized holding gain on available-for-sale 808 (275 ) 533 Amortization of held-to-maturity 46 (15 ) 31 Total other comprehensive income 854 (290 ) 564 Balance as of March 31, 2016 $ 223 $ (76 ) $ 147 |
Summary of Significant Accoun16
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Revenue Recognition | ASU 2014-09 2014-09 one-year year-end, |
Recognition and Measurement of Financial Assets and Financial Liabilities | ASU 2016-01 |
Lease | ASU 2016-02 right-of-use |
Credit Losses | ASU 2016-13 |
Classification of Certain Cash Receipts and Cash Payments | ASU 2016-15 |
Goodwill Impairment | ASU 2017-04 |
Premium Amortization on Purchased Callable Debt Securities | ASU 2017-08 |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Summary of Securities Available-for-Sale and Restricted Stock | Securities consist of the following at March 31, 2017 and December 31, 2016: (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value March 31, 2017 Available-for-sale U.S. Treasury security $ 1,000 $ — $ — $ 1,000 U.S. Government agencies 8,500 — 79 8,421 Mortgage-backed securities of government agencies 53,306 296 438 53,164 Other mortgage-backed securities 55 — — 55 Asset-backed securities of government agencies 1,272 — 26 1,246 State and political subdivisions 28,768 195 276 28,687 Corporate bonds 9,615 45 156 9,504 Equity securities 53 28 — 81 Total available-for-sale 102,569 564 975 102,158 Held-to-maturity U.S. Government agencies 9,473 21 303 9,191 Mortgage-backed securities of government agencies 13,719 169 137 13,751 State and political subdivisions 4,700 33 — 4,733 Total held-to-maturity 27,892 223 440 27,675 Restricted stock 4,614 — — 4,614 Total securities $ 135,075 $ 787 $ 1,415 $ 134,447 December 31, 2016 Available-for-sale U.S. Treasury security $ 1,001 $ — $ — $ 1,001 U.S. Government agencies 6,500 — 98 6,402 Mortgage-backed securities of government agencies 56,187 239 589 55,837 Other mortgage-backed securities 65 — — 65 Asset-backed securities of government agencies 1,312 — 46 1,266 State and political subdivisions 30,007 140 439 29,708 Corporate bonds 9,632 28 144 9,516 Equity securities 53 27 — 80 Total available-for-sale 104,757 434 1,316 103,875 Held-to-maturity U.S. Government agencies 9,472 17 396 9,093 Mortgage-backed securities of government agencies 14,411 141 201 14,351 Total held-to-maturity 23,883 158 597 23,444 Restricted stock 4,614 — — 4,614 Total securities $ 133,254 $ 592 $ 1,913 $ 131,933 |
Summary of Amortized Cost and Fair Value of Debt Securities | The amortized cost and fair value of debt securities at March 31, 2017, 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 cost Fair value Available-for-sale Due in one year or less $ 3,269 $ 3,272 Due after one through five years 24,328 24,391 Due after five through ten years 22,266 22,174 Due after ten years 52,653 52,240 Total debt securities available-for-sale $ 102,516 $ 102,077 Held-to-maturity Due in one year or less $ 4,700 $ 4,733 Due after one through five years — — Due after five through ten years 3,475 3,359 Due after ten years 19,717 19,583 Total debt securities held-to-maturity $ 27,892 $ 27,675 |
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 March 31, 2017 and December 31, 2016: Securities in a continuous unrealized loss position Less than 12 months 12 months or more Total (Dollars in thousands) Gross unrealized losses Fair value Gross unrealized losses Fair value Gross unrealized losses Fair value March 31, 2017 Available-for-sale U.S. Government agencies $ 79 $ 8,420 $ — $ — $ 79 $ 8,420 Mortgage-backed securities of government agencies 438 30,345 — — 438 30,345 Asset-backed securities of government agencies — 26 1,246 26 1,246 State and political subdivisions 276 10,713 — — 276 10,713 Corporate bonds 1 941 155 2,345 156 3,286 Held-to-maturity U.S. Government agencies 303 8,695 — — 303 8,695 Mortgage-backed securities of government agencies 12 1,938 125 3,517 137 5,455 Total temporarily impaired securities $ 1,109 $ 61,052 $ 306 $ 7,108 $ 1,415 $ 68,160 December 31, 2016 Available-for-sale U.S. Government agencies $ 98 $ 6,402 $ — $ — $ 98 $ 6,402 Mortgage-backed securities of government agencies 589 27,243 — — 589 27,243 Asset-backed securities of government agencies — — 46 1,266 46 1,266 State and political subdivisions 439 19,328 — — 439 19,328 Corporate bonds 33 3,593 111 1,889 144 5,482 Held-to-maturity U.S. Government agencies 396 8,602 — — 396 8,602 Mortgage-backed securities of government agencies 28 2,018 173 3,621 201 5,639 Total temporarily impaired securities $ 1,583 $ 67,186 $ 330 $ 6,776 $ 1,913 $ 73,962 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Receivables [Abstract] | |
Summary of Loans | Loans consist of the following: (Dollars in thousands) March 31, 2017 December 31, 2016 Commercial $ 132,455 $ 134,268 Commercial real estate 167,203 159,475 Residential real estate 149,007 144,489 Construction & land development 16,996 23,428 Consumer 14,528 13,308 Total loans before deferred costs 480,189 474,968 Deferred loan costs 520 481 Total Loans $ 480,709 $ 475,449 |
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 months ended March 31, 2017 and 2016. Dollars in thousands) Commercial Commercial Real Estate Residential Real Estate Construction & Land Development Consumer Unallocated Total Three months ended March 31, 2017 Beginning balance $ 2,207 $ 1,264 $ 1,189 $ 178 $ 141 $ 312 $ 5,291 (Credit) provision for loan losses (831 ) 274 114 6 29 248 (160 ) Charge-offs (8 ) — — — (5 ) (13 ) Recoveries 336 — — — — 336 Net recoveries (charge-offs) 328 — — — (5 ) 323 Ending balance $ 1,704 $ 1,538 $ 1,303 $ 184 $ 165 $ 560 $ 5,454 Three months ended March 31, 2016 Beginning balance $ 1,664 $ 1,271 $ 1,086 $ 123 $ 86 $ 432 $ 4,662 (Credit) provision for loan losses 394 (228 ) (4 ) (17 ) 8 11 164 Charge-offs (9 ) — — — (1 ) (10 ) Recoveries 4 182 2 — 1 189 Net recoveries (charge-offs) (5 ) 182 2 — — 179 Ending balance $ 2,053 $ 1,225 $ 1,084 $ 106 $ 94 $ 443 $ 5,005 |
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 March 31, 2017 and December 31, 2016: (Dollars in thousands) Commercial Commercial Real Estate Residential Real Estate Construction Consumer Unallocated Total March 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 51 $ — $ 25 $ — $ — $ — $ 76 Collectively evaluated for impairment 1,653 1,538 1,278 184 165 560 5,378 Total ending allowance balance $ 1,704 $ 1,538 $ 1,303 $ 184 $ 165 $ 560 $ 5,454 Loans: Loans individually evaluated for impairment $ 2,000 $ 3,543 $ 1,520 $ — $ — $ 7,063 Loans collectively evaluated for impairment 130,455 163,660 147,487 16,996 14,528 473,126 Total ending loans balance $ 132,455 $ 167,203 $ 149,007 $ 16,996 $ 14,528 $ 480,189 December 31, 2016 Allowance for loan losses: Individually evaluated for impairment $ 705 $ — $ 24 $ — $ — $ — $ 729 Collectively evaluated for impairment 1,502 1,264 1,165 178 141 312 4,562 Total ending allowance balance $ 2,207 $ 1,264 $ 1,189 $ 178 $ 141 $ 312 $ 5,291 Loans: Loans individually evaluated for impairment $ 5,028 $ 621 $ 1,507 $ — $ — $ 7,156 Loans collectively evaluated for impairment 129,240 158,854 142,982 23,428 13,308 467,812 Total ending loans balance $ 134,268 $ 159,475 $ 144,489 $ 23,428 $ 13,308 $ 474,968 |
Schedule of Impairment by Class of Loans | The following table presents loans individually evaluated for impairment by class of loans as of March 31, 2017 and December 31, 2016: (Dollars in thousands) Unpaid Principal Balance Recorded Investment with no Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance March 31, 2017 Commercial $ 2,084 $ 1,882 $ 121 $ 2,003 $ 51 Commercial real estate 3,435 3,522 20 3,542 — Residential real estate 1,727 1,056 465 1,521 25 Total impaired loans $ 7,246 $ 6,460 $ 606 $ 7,066 $ 76 December 31, 2016 Commercial $ 5,476 $ 1,690 $ 3,354 $ 5,044 $ 705 Commercial real estate 796 600 21 621 — Residential real estate 1,681 1,036 472 1,508 24 Total impaired loans $ 7,953 $ 3,326 $ 3,847 $ 7,173 $ 729 |
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 ended March 31, (Dollars in thousands) 2017 2016 Average recorded investment: Commercial $ 4,216 $ 6,016 Commercial real estate 438 984 Residential real estate 1,488 1,530 Average recorded investment in impaired loans $ 6,142 $ 8,530 Interest income recognized: Commercial $ 14 $ 65 Commercial real estate — 4 Residential real estate 15 15 Interest income recognized on a cash basis on impaired loans $ 29 $ 84 |
Schedule of Aging of Past Due and Nonaccrual Loans | The following table presents the aging of past due loans and nonaccrual loans as of March 31, 2017 and December 31, 2016 by class of loans: (Dollars in thousands) Current 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days + Past Due Non- Accrual Total Past Due and Non- Accrual Total Loans March 31, 2017 Commercial $ 131,447 $ 148 $ — $ — $ 860 $ 1,008 $ 132,455 Commercial real estate 163,273 272 95 40 3,523 3,930 167,203 Residential real estate 148,011 347 197 30 422 996 149,007 Construction & land development 16,996 — — — — — 16,996 Consumer 14,455 38 1 — 34 73 14,528 Total Loans $ 474,182 $ 805 $ 293 $ 70 $ 4,839 $ 6,007 $ 480,189 December 31, 2016 Commercial $ 133,630 $ 151 $ 62 $ — $ 425 $ 638 $ 134,268 Commercial real estate 158,504 435 — 39 497 971 159,475 Residential real estate 142,926 816 61 196 490 1,563 144,489 Construction & land development 23,428 — — — — — 23,428 Consumer 13,234 21 16 — 37 74 13,308 Total Loans $ 471,722 $ 1,423 $ 139 $ 235 $ 1,449 $ 3,246 $ 474,968 |
Summary of Loans by Credit Quality Indicator | Based on the most recent analysis performed, the risk category of loans by class is as follows as of March 31, 2017 and December 31, 2016: (Dollars in thousands) Pass Special Mention Substandard Doubtful Not Rated Total March 31, 2017 Commercial $ 115,363 $ 9,316 $ 6,767 $ — $ 1,009 $ 132,455 Commercial real estate 150,517 9,845 5,829 — 1,012 167,203 Residential real estate 213 — 55 — 148,739 149,007 Construction & land development 12,491 1,169 — — 3,336 16,996 Consumer — — — — 14,528 14,528 Total $ 278,584 $ 20,330 $ 12,651 $ — $ 168,624 $ 480,189 December 31, 2016 Commercial $ 116,739 $ 6,874 $ 9,704 $ — $ 951 $ 134,268 Commercial real estate 149,630 4,168 4,766 — 911 159,475 Residential real estate 216 — 175 — 144,098 144,489 Construction & land development 17,183 981 504 — 4,760 23,428 Consumer — — — — 13,308 13,308 Total $ 283,768 $ 12,023 $ 15,149 $ — $ 164,028 $ 474,968 |
Schedule of Loans Not Rated by Class of Loans | The following table presents loans that are not rated by class of loans as of March 31, 2017 and December 31, 2016. Nonperforming loans include loans past due 90 days or more and loans on nonaccrual of interest status. (Dollars in thousands) Performing Non-Performing Total March 31, 2017 Commercial $ 857 $ 152 $ 1,009 Commercial real estate 1,012 — 1,012 Residential real estate 148,404 335 148,739 Construction & land development 3,336 — 3,336 Consumer 14,494 34 14,528 Total $ 168,103 $ 521 $ 168,624 December 31, 2016 Commercial $ 951 $ — $ 951 Commercial real estate 911 — 911 Residential real estate 143,440 658 144,098 Construction & land development 4,760 — 4,760 Consumer 13,271 37 13,308 Total $ 163,333 $ 695 $ 164,028 |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
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 Maturity Overnight and Continuous (Dollars in thousands) March 31, 2017 December 31, 2016 Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value $ 54,226 $ 48,866 Repurchase agreements 54,022 48,742 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
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 March 31, 2017 and December 31, 2016 by level within the fair value hierarchy. (Dollars in thousands) Level I Level II Level III Total March 31, 2017 Assets: Securities available-for-sale U.S. Treasury security $ 1,000 $ — $ — $ 1,000 U.S. Government agencies — 8,421 — 8,421 Mortgage-backed securities of government agencies — 53,164 — 53,164 Other mortgage-backed securities — 55 — 55 Asset-backed securities of government agencies — 1,246 — 1,246 State and political subdivisions — 28,687 — 28,687 Corporate bonds — 9,504 — 9,504 Total debt securities 1,000 101,077 — 102,077 Equity securities 81 — — 81 Total available-for-sale $ 1,081 $ 101,077 $ — $ 102,158 December 31, 2016 Assets: Securities available-for-sale U.S. Treasury security $ 1,001 $ — $ — $ 1,001 U.S. Government agencies — 6,402 — 6,402 Mortgage-backed securities of government agencies — 55,837 — 55,837 Other mortgage-backed securities — 65 — 65 Asset-backed securities of government agencies — 1,266 — 1,266 State and political subdivisions — 29,708 — 29,708 Corporate bonds — 9,516 — 9,516 Total debt securities 1,001 102,794 — 103,795 Equity securities 80 — — 80 Total available-for-sale $ 1,081 $ 102,794 $ — $ 103,875 |
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 March 31, 2017 and December 31, 2016, by level within the fair value hierarchy. (Dollars in thousands) Level I Level II Level III Total March 31, 2017 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 6,987 $ 6,987 December 31, 2016 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 6,427 $ 6,427 |
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: (Dollars in thousands) March 31, 2017 Impaired loans $ 5,678 Discounted cash flow Remaining term Discount rate 2 mos to 30 yrs (154 months) 3.1% to 9.8% (4.7%) 1,309 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 0% to -50% (-23%) -10% December 31, 2016 Impaired loans $ 5,331 Discounted cash flow Remaining term Discount rate 6 mos to 29.9 yrs / (61.1 mos) 3.1% to 12.0% / (4.9%) 1,096 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 0% to -50% (-21.7%) -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) | 3 Months Ended |
Mar. 31, 2017 | |
Investments, All Other Investments [Abstract] | |
Schedule of Estimated Fair Values of Recognized Financial Instruments | The estimated fair values of recognized financial instruments as of March 31, 2017 and December 31, 2016 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value March 31, 2017 Financial assets Cash and cash equivalents $ 38,387 $ 38,387 $ — $ — $ 38,387 Securities available-for-sale 102,158 1,081 101,077 — 102,158 Securities held-to-maturity 27,892 — 27,675 — 27,675 Restricted stock 4,614 4,614 — 4,614 Loans held for sale 264 264 — — 264 Net loans 475,255 — — 478,673 478,673 Bank-owned life insurance 12,959 12,959 — — 12,959 Accrued interest receivable 1,604 1,604 — — 1,604 Mortgage servicing rights 260 — — 260 260 Financial liabilities Deposits $ 542,180 $ 430,366 $ — $ 112,062 $ 542,428 Short-term borrowings 54,022 54,022 — 54,022 Other borrowings 12,304 — — 12,434 12,434 Accrued interest payable 71 71 — — 71 December 31, 2016 Financial assets Cash and cash equivalents $ 36,838 $ 36,838 $ — $ — $ 36,838 Securities available-for-sale 103,875 1,081 102,794 — 103,875 Securities held-to-maturity 23,883 — 23,444 — 23,444 Restricted stock 4,614 4,614 — — 4,614 Loans held for sale — — — — — Net loans 470,158 — — 471,815 471,815 Bank-owned life insurance 10,361 10,361 — — 10,361 Accrued interest receivable 1,409 1,409 — — 1,409 Mortgage servicing rights 261 — — 261 261 Financial liabilities Deposits $ 540,785 $ 428,676 $ — $ 112,642 $ 541,318 Short-term borrowings 48,742 48,742 — — 48,742 Other borrowings 12,385 — — 12,511 12,511 Accrued interest payable 76 76 — — 76 |
Accumulated Other Comprehensi22
Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
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 month periods ended March 31, 2017 and 2016: (Dollars in thousands) Pretax Tax Effect After-tax Three months ended March 31, 2017 Balance as of December 31, 2016 $ (1,323 ) $ 449 $ (874 ) Unrealized holding gain on available-for-sale 471 (161 ) 310 Amortization of held-to-maturity 31 (10 ) 21 Total other comprehensive income 502 (171 ) 331 Balance as of March 31, 2017 $ (821 ) $ 278 $ (543 ) Three months ended March 31, 2016 Balance as of December 31, 2015 $ (631 ) $ 214 $ (417 ) Unrealized holding gain on available-for-sale 808 (275 ) 533 Amortization of held-to-maturity 46 (15 ) 31 Total other comprehensive income 854 (290 ) 564 Balance as of March 31, 2016 $ 223 $ (76 ) $ 147 |
Securities - Summary of Securit
Securities - Summary of Securities Available-for-Sale and Restricted Stock (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | $ 102,569 | $ 104,757 |
Gross Unrealized Gains, Available-for-sale | 564 | 434 |
Gross Unrealized Losses, Available-for-sale | 975 | 1,316 |
Fair Value, Available-for-sale | 102,158 | 103,875 |
Amortized Cost, Held to maturity | 27,892 | 23,883 |
Gross Unrealized Gains, Held to maturity | 223 | 158 |
Gross Unrealized Losses, Held to maturity | 440 | 597 |
Fair Value, Held to maturity | 27,675 | 23,444 |
Amortized Cost | 135,075 | 133,254 |
Gross Unrealized Gains | 787 | 592 |
Gross Unrealized Losses | 1,415 | 1,913 |
Fair Value | 134,447 | 131,933 |
U.S. Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 8,500 | 6,500 |
Gross Unrealized Losses, Available-for-sale | 79 | 98 |
Fair Value, Available-for-sale | 8,421 | 6,402 |
Amortized Cost, Held to maturity | 9,473 | 9,472 |
Gross Unrealized Gains, Held to maturity | 21 | 17 |
Gross Unrealized Losses, Held to maturity | 303 | 396 |
Fair Value, Held to maturity | 9,191 | 9,093 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 53,306 | 56,187 |
Gross Unrealized Gains, Available-for-sale | 296 | 239 |
Gross Unrealized Losses, Available-for-sale | 438 | 589 |
Fair Value, Available-for-sale | 53,164 | 55,837 |
Amortized Cost, Held to maturity | 13,719 | 14,411 |
Gross Unrealized Gains, Held to maturity | 169 | 141 |
Gross Unrealized Losses, Held to maturity | 137 | 201 |
Fair Value, Held to maturity | 13,751 | 14,351 |
State and Political Subdivisions [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 28,768 | 30,007 |
Gross Unrealized Gains, Available-for-sale | 195 | 140 |
Gross Unrealized Losses, Available-for-sale | 276 | 439 |
Fair Value, Available-for-sale | 28,687 | 29,708 |
Amortized Cost, Held to maturity | 4,700 | |
Gross Unrealized Gains, Held to maturity | 33 | |
Fair Value, Held to maturity | 4,733 | |
U.S. Treasury Security [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 1,000 | 1,001 |
Fair Value, Available-for-sale | 1,000 | 1,001 |
Other Mortgage-Backed Securities [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 55 | 65 |
Fair Value, Available-for-sale | 55 | 65 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 1,272 | 1,312 |
Gross Unrealized Losses, Available-for-sale | 26 | 46 |
Fair Value, Available-for-sale | 1,246 | 1,266 |
Corporate Bonds [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 9,615 | 9,632 |
Gross Unrealized Gains, Available-for-sale | 45 | 28 |
Gross Unrealized Losses, Available-for-sale | 156 | 144 |
Fair Value, Available-for-sale | 9,504 | 9,516 |
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 | 28 | 27 |
Fair Value, Available-for-sale | 81 | 80 |
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 | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-sale | ||
Due in one year or less, Amortized Cost | $ 3,269 | |
Due after one through five years, Amortized Cost | 24,328 | |
Due after five through ten years, Amortized Cost | 22,266 | |
Due after ten years, Amortized Cost | 52,653 | |
Total debt securities available-for-sale, Amortized Cost | 102,516 | |
Due in one year or less, Fair Value | 3,272 | |
Due after one through five years, Fair Value | 24,391 | |
Due after five through ten years, Fair Value | 22,174 | |
Due after ten years, Fair Value | 52,240 | |
Total debt securities available-for-sale, Fair Value | 102,077 | |
Held-to-maturity | ||
Due in one year or less, Amortized Cost | 4,700 | |
Due after one through five years, Amortized Cost | 0 | |
Due after five through ten years, Amortized Cost | 3,475 | |
Due after ten years, Amortized cost | 19,717 | |
Amortized Cost, Held to maturity | 27,892 | $ 23,883 |
Due in one year or less, Fair Value | 4,733 | |
Due after one through five years, Fair Value | 0 | |
Due after five through ten years, Fair Value | 3,359 | |
Due after ten years, Fair Value | 19,583 | |
Total debt securities held-to-maturity, Fair Value | $ 27,675 | $ 23,444 |
Securities - Additional Informa
Securities - Additional Information (Detail) | 3 Months Ended | ||
Mar. 31, 2017USD ($)Securities | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Investments, Debt and Equity Securities [Abstract] | |||
Carrying value of pledged securities | $ 92,200,000 | $ 94,800,000 | |
Restricted stock investment in FHLB stock | 4,100,000 | 4,100,000 | |
Federal Reserve Bank stock | 471,000 | $ 471,000 | |
Proceeds from sales of available-for-sale securities | $ 0 | $ 0 | |
Number of securities in an unrealized loss position, Total | Securities | 71 | ||
Number of securities in continuous unrealized loss position, 12 months or more | Securities | 6 |
Securities - Summary of Gross U
Securities - Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Total | $ 440 | $ 597 |
Gross Unrealized Losses, Total | 975 | 1,316 |
Gross Unrealized Losses, Less Than 12 Months | 1,109 | 1,583 |
Fair Value, Less Than 12 Months | 61,052 | 67,186 |
Gross Unrealized Losses, 12 Months Or More | 306 | 330 |
Fair Value, 12 Months Or More | 7,108 | 6,776 |
Gross Unrealized Losses, Total | 1,415 | 1,913 |
Fair Value, Total | 68,160 | 73,962 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Less Than 12 Months | 303 | 396 |
Held-to-maturity, Fair Value, Less Than 12 Months | 8,695 | 8,602 |
Held-to-maturity, Gross Unrealized Losses, Total | 303 | 396 |
Held-to-maturity, Fair Value, Total | 8,695 | 8,602 |
Gross Unrealized Losses, Less Than 12 Months | 79 | 98 |
Fair Value, Less Than 12 Months | 8,420 | 6,402 |
Gross Unrealized Losses, Total | 79 | 98 |
Fair Value, Total | 8,420 | 6,402 |
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 | 12 | 28 |
Held-to-maturity, Fair Value, Less Than 12 Months | 1,938 | 2,018 |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | 125 | 173 |
Held-to-maturity, Fair Value, 12 Months Or More | 3,517 | 3,621 |
Held-to-maturity, Gross Unrealized Losses, Total | 137 | 201 |
Held-to-maturity, Fair Value, Total | 5,455 | 5,639 |
Gross Unrealized Losses, Less Than 12 Months | 438 | 589 |
Fair Value, Less Than 12 Months | 30,345 | 27,243 |
Gross Unrealized Losses, Total | 438 | 589 |
Fair Value, Total | 30,345 | 27,243 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, 12 Months Or More | 26 | 46 |
Fair Value, 12 Months Or More | 1,246 | 1,266 |
Gross Unrealized Losses, Total | 26 | 46 |
Fair Value, Total | 1,246 | 1,266 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 276 | 439 |
Fair Value, Less Than 12 Months | 10,713 | 19,328 |
Gross Unrealized Losses, Total | 276 | 439 |
Fair Value, Total | 10,713 | 19,328 |
Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 1 | 33 |
Fair Value, Less Than 12 Months | 941 | 3,593 |
Gross Unrealized Losses, 12 Months Or More | 155 | 111 |
Fair Value, 12 Months Or More | 2,345 | 1,889 |
Gross Unrealized Losses, Total | 156 | 144 |
Fair Value, Total | $ 3,286 | $ 5,482 |
Loans - Summary of Loans (Detai
Loans - Summary of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | $ 480,189 | $ 474,968 |
Deferred loan costs | 520 | 481 |
Total Loans | 480,709 | 475,449 |
Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 132,455 | 134,268 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 167,203 | 159,475 |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 149,007 | 144,489 |
Construction & Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 16,996 | 23,428 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | $ 14,528 | $ 13,308 |
Loans - Additional Information
Loans - Additional Information (Detail) | Mar. 31, 2017USD ($)Segment | Mar. 31, 2017USD ($)SegmentContract | Mar. 31, 2016Contract | Dec. 31, 2016USD ($) |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Percentage of outstanding principal balance of commercial real estate loans secured by owner-occupied properties | 78.00% | 78.00% | 77.00% | |
Loans serviced for others | $ 86,000,000 | $ 85,900,000 | ||
Business segment concentrations of credit | Segment | 4 | 4 | ||
Loan balance | $ 480,189,000 | $ 480,189,000 | 474,968,000 | |
Loans classified as troubled debt restructurings | 2,800,000 | 2,800,000 | 6,400,000 | |
Reserves allocated to customers whose loan terms are modified in troubled debt restructurings | 25,000 | 25,000 | 711,000 | |
Loans payable in nonaccrual of interest status | 348,000 | $ 348,000 | ||
Number of new TDR's | Contract | 0 | 0 | ||
Loans restructured, subsequently defaulted | Contract | 0 | 0 | ||
Foreclosed real estate | 0 | $ 0 | 0 | |
Mortgage loans in process of foreclosure amount | 487,000 | 448,000 | ||
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 [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loan balance | 149,007,000 | 149,007,000 | $ 144,489,000 | |
Credit Concentration [Member] | Non Residential Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loan balance | 42,000,000 | 42,000,000 | ||
Credit Concentration [Member] | Logging and Sawmill Operations [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loan balance | 25,000,000 | 25,000,000 | ||
Credit Concentration [Member] | Hotel, Motel and Lodging Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loan balance | 22,000,000 | 22,000,000 | ||
Credit Concentration [Member] | Residential Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loan balance | $ 19,000,000 | 19,000,000 | ||
Credit Concentration [Member] | Capital [Member] | Non Residential Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Concentration percentage | 69.00% | |||
Credit Concentration [Member] | Capital [Member] | Logging and Sawmill Operations [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Concentration percentage | 41.00% | |||
Credit Concentration [Member] | Capital [Member] | Hotel, Motel and Lodging Business [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Concentration percentage | 36.00% | |||
Credit Concentration [Member] | Capital [Member] | Residential Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Concentration percentage | 32.00% | |||
Performing [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans classified as troubled debt restructurings | $ 2,500,000 | $ 2,500,000 |
Loans - Schedule of Allowances
Loans - Schedule of Allowances for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | $ 5,291 | $ 4,662 |
(Credit) provision for loan losses | (160) | 164 |
Charge-offs | (13) | (10) |
Recoveries | 336 | 189 |
Net recoveries (charge-offs) | 323 | 179 |
Ending balance | 5,454 | 5,005 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 2,207 | 1,664 |
(Credit) provision for loan losses | (831) | 394 |
Charge-offs | (8) | (9) |
Recoveries | 336 | 4 |
Net recoveries (charge-offs) | 328 | (5) |
Ending balance | 1,704 | 2,053 |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 1,264 | 1,271 |
(Credit) provision for loan losses | 274 | (228) |
Recoveries | 182 | |
Net recoveries (charge-offs) | 182 | |
Ending balance | 1,538 | 1,225 |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 1,189 | 1,086 |
(Credit) provision for loan losses | 114 | (4) |
Recoveries | 2 | |
Net recoveries (charge-offs) | 2 | |
Ending balance | 1,303 | 1,084 |
Construction & Land Development [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 178 | 123 |
(Credit) provision for loan losses | 6 | (17) |
Ending balance | 184 | 106 |
Consumer [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 141 | 86 |
(Credit) provision for loan losses | 29 | 8 |
Charge-offs | (5) | (1) |
Recoveries | 1 | |
Net recoveries (charge-offs) | (5) | |
Ending balance | 165 | 94 |
Unallocated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 312 | 432 |
(Credit) provision for loan losses | 248 | 11 |
Ending balance | $ 560 | $ 443 |
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 | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Individually evaluated for impairment | $ 76 | $ 729 | ||
Collectively evaluated for impairment | 5,378 | 4,562 | ||
Total ending allowance balance | 5,454 | 5,291 | $ 5,005 | $ 4,662 |
Loans: | ||||
Loans individually evaluated for impairment | 7,063 | 7,156 | ||
Loans collectively evaluated for impairment | 473,126 | 467,812 | ||
Total ending loans balance | 480,189 | 474,968 | ||
Commercial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Individually evaluated for impairment | 51 | 705 | ||
Collectively evaluated for impairment | 1,653 | 1,502 | ||
Total ending allowance balance | 1,704 | 2,207 | 2,053 | 1,664 |
Loans: | ||||
Loans individually evaluated for impairment | 2,000 | 5,028 | ||
Loans collectively evaluated for impairment | 130,455 | 129,240 | ||
Total ending loans balance | 132,455 | 134,268 | ||
Commercial Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Collectively evaluated for impairment | 1,538 | 1,264 | ||
Total ending allowance balance | 1,538 | 1,264 | 1,225 | 1,271 |
Loans: | ||||
Loans individually evaluated for impairment | 3,543 | 621 | ||
Loans collectively evaluated for impairment | 163,660 | 158,854 | ||
Total ending loans balance | 167,203 | 159,475 | ||
Residential Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Individually evaluated for impairment | 25 | 24 | ||
Collectively evaluated for impairment | 1,278 | 1,165 | ||
Total ending allowance balance | 1,303 | 1,189 | 1,084 | 1,086 |
Loans: | ||||
Loans individually evaluated for impairment | 1,520 | 1,507 | ||
Loans collectively evaluated for impairment | 147,487 | 142,982 | ||
Total ending loans balance | 149,007 | 144,489 | ||
Construction & Land Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Collectively evaluated for impairment | 184 | 178 | ||
Total ending allowance balance | 184 | 178 | 106 | 123 |
Loans: | ||||
Loans collectively evaluated for impairment | 16,996 | 23,428 | ||
Total ending loans balance | 16,996 | 23,428 | ||
Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Collectively evaluated for impairment | 165 | 141 | ||
Total ending allowance balance | 165 | 141 | 94 | 86 |
Loans: | ||||
Loans collectively evaluated for impairment | 14,528 | 13,308 | ||
Total ending loans balance | 14,528 | 13,308 | ||
Unallocated [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Collectively evaluated for impairment | 560 | 312 | ||
Total ending allowance balance | $ 560 | $ 312 | $ 443 | $ 432 |
Loans - Schedule of Impairment
Loans - Schedule of Impairment by Class of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | $ 7,246 | $ 7,953 |
Recorded Investment with no Allowance | 6,460 | 3,326 |
Recorded Investment with Allowance | 606 | 3,847 |
Total Recorded Investment | 7,066 | 7,173 |
Related Allowance | 76 | 729 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 2,084 | 5,476 |
Recorded Investment with no Allowance | 1,882 | 1,690 |
Recorded Investment with Allowance | 121 | 3,354 |
Total Recorded Investment | 2,003 | 5,044 |
Related Allowance | 51 | 705 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 3,435 | 796 |
Recorded Investment with no Allowance | 3,522 | 600 |
Recorded Investment with Allowance | 20 | 21 |
Total Recorded Investment | 3,542 | 621 |
Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 1,727 | 1,681 |
Recorded Investment with no Allowance | 1,056 | 1,036 |
Recorded Investment with Allowance | 465 | 472 |
Total Recorded Investment | 1,521 | 1,508 |
Related Allowance | $ 25 | $ 24 |
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 | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Average recorded investment: | ||
Average recorded investment in impaired loans | $ 6,142 | $ 8,530 |
Interest income recognized: | ||
Interest income recognized on a cash basis on impaired loans | 29 | 84 |
Commercial [Member] | ||
Average recorded investment: | ||
Average recorded investment in impaired loans | 4,216 | 6,016 |
Interest income recognized: | ||
Interest income recognized on a cash basis on impaired loans | 14 | 65 |
Commercial Real Estate [Member] | ||
Average recorded investment: | ||
Average recorded investment in impaired loans | 438 | 984 |
Interest income recognized: | ||
Interest income recognized on a cash basis on impaired loans | 4 | |
Residential Real Estate [Member] | ||
Average recorded investment: | ||
Average recorded investment in impaired loans | 1,488 | 1,530 |
Interest income recognized: | ||
Interest income recognized on a cash basis on impaired loans | $ 15 | $ 15 |
Loans - Schedule of Aging of Pa
Loans - Schedule of Aging of Past Due and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | $ 474,182 | $ 471,722 |
Nonaccrual | 4,839 | 1,449 |
Total Past Due and Nonaccrual | 6,007 | 3,246 |
Total ending loans balance | 480,189 | 474,968 |
30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 805 | 1,423 |
60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 293 | 139 |
90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 70 | 235 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 131,447 | 133,630 |
Nonaccrual | 860 | 425 |
Total Past Due and Nonaccrual | 1,008 | 638 |
Total ending loans balance | 132,455 | 134,268 |
Commercial [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 148 | 151 |
Commercial [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 62 | |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 163,273 | 158,504 |
Nonaccrual | 3,523 | 497 |
Total Past Due and Nonaccrual | 3,930 | 971 |
Total ending loans balance | 167,203 | 159,475 |
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 272 | 435 |
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 95 | |
Commercial Real Estate [Member] | 90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 40 | 39 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 148,011 | 142,926 |
Nonaccrual | 422 | 490 |
Total Past Due and Nonaccrual | 996 | 1,563 |
Total ending loans balance | 149,007 | 144,489 |
Residential Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 347 | 816 |
Residential Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 197 | 61 |
Residential Real Estate [Member] | 90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 30 | 196 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 16,996 | 23,428 |
Total ending loans balance | 16,996 | 23,428 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 14,455 | 13,234 |
Nonaccrual | 34 | 37 |
Total Past Due and Nonaccrual | 73 | 74 |
Total ending loans balance | 14,528 | 13,308 |
Consumer [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 38 | 21 |
Consumer [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 1 | $ 16 |
Loans - Summary of Loans by Cre
Loans - Summary of Loans by Credit Quality Indicator (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 480,189 | $ 474,968 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 132,455 | 134,268 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 167,203 | 159,475 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 149,007 | 144,489 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 16,996 | 23,428 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 14,528 | 13,308 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 278,584 | 283,768 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 115,363 | 116,739 |
Pass [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 150,517 | 149,630 |
Pass [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 213 | 216 |
Pass [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 12,491 | 17,183 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 20,330 | 12,023 |
Special Mention [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 9,316 | 6,874 |
Special Mention [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 9,845 | 4,168 |
Special Mention [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 1,169 | 981 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 12,651 | 15,149 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 6,767 | 9,704 |
Substandard [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 5,829 | 4,766 |
Substandard [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 55 | 175 |
Substandard [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 504 | |
Not Rated [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 168,624 | 164,028 |
Not Rated [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 1,009 | 951 |
Not Rated [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 1,012 | 911 |
Not Rated [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 148,739 | 144,098 |
Not Rated [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 3,336 | 4,760 |
Not Rated [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 14,528 | $ 13,308 |
Loans - Schedule of Loans Not R
Loans - Schedule of Loans Not Rated by Class of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | $ 168,624 | $ 164,028 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 1,009 | 951 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 1,012 | 911 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 148,739 | 144,098 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 3,336 | 4,760 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 14,528 | 13,308 |
Performing [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 168,103 | 163,333 |
Performing [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 857 | 951 |
Performing [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 1,012 | 911 |
Performing [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 148,404 | 143,440 |
Performing [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 3,336 | 4,760 |
Performing [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 14,494 | 13,271 |
Nonperforming [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 521 | 695 |
Nonperforming [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 152 | |
Nonperforming [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | 335 | 658 |
Nonperforming [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans not rated by class of loans | $ 34 | $ 37 |
Short-Term Borrowings - Summary
Short-Term Borrowings - Summary of Repurchase Agreements Accounted for as Secured Borrowings (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Short-term Debt [Abstract] | ||
Securities of U.S. Government agencies and mortgage-backed securities of government agencies pledged, fair value | $ 54,226 | $ 48,866 |
Repurchase agreements | $ 54,022 | $ 48,742 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
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 | Mar. 31, 2017 | Dec. 31, 2016 |
Total Securities Available-for-sale [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 102,158 | $ 103,875 |
U.S. Treasury Security [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,000 | 1,001 |
U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 8,421 | 6,402 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 53,164 | 55,837 |
Other Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 55 | 65 |
Asset-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,246 | 1,266 |
State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 28,687 | 29,708 |
Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 9,504 | 9,516 |
Total Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 102,077 | 103,795 |
Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 81 | 80 |
Level I [Member] | Total Securities Available-for-sale [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,081 | 1,081 |
Level I [Member] | U.S. Treasury Security [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,000 | 1,001 |
Level I [Member] | Total Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 1,000 | 1,001 |
Level I [Member] | Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 81 | 80 |
Level II [Member] | Total Securities Available-for-sale [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 101,077 | 102,794 |
Level II [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 8,421 | 6,402 |
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 | 53,164 | 55,837 |
Level II [Member] | Other Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 55 | 65 |
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 | 1,246 | 1,266 |
Level II [Member] | State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 28,687 | 29,708 |
Level II [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 9,504 | 9,516 |
Level II [Member] | Total Debt Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 101,077 | $ 102,794 |
Fair Value Measurements - Sch39
Fair Value Measurements - Schedule of Fair Value of Assets Measured on Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - Impaired Loans [Member] - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 6,987 | $ 6,427 |
Level III [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 6,987 | $ 6,427 |
Fair Value Measurements - Sch40
Fair Value Measurements - Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Level III [Member] - Impaired Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Discounted Cash Flow [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Estimate | $ 5,678 | $ 5,331 |
Discounted Cash Flow [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Remaining term | 2 months | 6 months |
Discount rate | 3.10% | 3.10% |
Discounted Cash Flow [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Remaining term | 30 years | 29 years 10 months 24 days |
Discount rate | 9.80% | 12.00% |
Discounted Cash Flow [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Remaining term | 154 months | 61 months 3 days |
Discount rate | 4.70% | 4.90% |
Appraisal of Collateral [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Estimate | $ 1,309 | $ 1,096 |
Liquidation expense | (10.00%) | (10.00%) |
Appraisal of Collateral [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Appraisal adjustments | 0.00% | 0.00% |
Appraisal of Collateral [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Appraisal adjustments | (50.00%) | (50.00%) |
Appraisal of Collateral [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Appraisal adjustments | (23.00%) | (21.70%) |
Fair Values of Financial Inst41
Fair Values of Financial Instruments - Schedule of Estimated Fair Values of Recognized Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financial assets | ||
Securities available-for-sale | $ 102,158 | $ 103,875 |
Securities held-to-maturity | 27,675 | 23,444 |
Loans held for sale | 264 | |
Bank-owned life insurance | 12,959 | 10,361 |
Carrying Value [Member] | ||
Financial assets | ||
Cash and cash equivalents | 38,387 | 36,838 |
Securities available-for-sale | 102,158 | 103,875 |
Securities held-to-maturity | 27,892 | 23,883 |
Restricted stock | 4,614 | 4,614 |
Loans held for sale | 264 | |
Net loans | 475,255 | 470,158 |
Bank-owned life insurance | 12,959 | 10,361 |
Accrued interest receivable | 1,604 | 1,409 |
Financial liabilities | ||
Deposits | 542,180 | 540,785 |
Short-term borrowings | 54,022 | 48,742 |
Other borrowings | 12,304 | 12,385 |
Accrued interest payable | 71 | 76 |
Carrying Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 260 | 261 |
Fair Value [Member] | ||
Financial assets | ||
Cash and cash equivalents | 38,387 | 36,838 |
Securities available-for-sale | 102,158 | 103,875 |
Securities held-to-maturity | 27,675 | 23,444 |
Restricted stock | 4,614 | 4,614 |
Loans held for sale | 264 | |
Net loans | 478,673 | 471,815 |
Bank-owned life insurance | 12,959 | 10,361 |
Accrued interest receivable | 1,604 | 1,409 |
Financial liabilities | ||
Deposits | 542,428 | 541,318 |
Short-term borrowings | 54,022 | 48,742 |
Other borrowings | 12,434 | 12,511 |
Accrued interest payable | 71 | 76 |
Fair Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 260 | 261 |
Fair Value [Member] | Level I [Member] | ||
Financial assets | ||
Cash and cash equivalents | 38,387 | 36,838 |
Securities available-for-sale | 1,081 | 1,081 |
Restricted stock | 4,614 | 4,614 |
Loans held for sale | 264 | |
Bank-owned life insurance | 12,959 | 10,361 |
Accrued interest receivable | 1,604 | 1,409 |
Financial liabilities | ||
Deposits | 430,366 | 428,676 |
Short-term borrowings | 54,022 | 48,742 |
Accrued interest payable | 71 | 76 |
Fair Value [Member] | Level II [Member] | ||
Financial assets | ||
Securities available-for-sale | 101,077 | 102,794 |
Securities held-to-maturity | 27,675 | 23,444 |
Fair Value [Member] | Level III [Member] | ||
Financial assets | ||
Net loans | 478,673 | 471,815 |
Financial liabilities | ||
Deposits | 112,062 | 112,642 |
Other borrowings | 12,434 | 12,511 |
Fair Value [Member] | Level III [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | $ 260 | $ 261 |
Fair Values of Financial Inst42
Fair Values of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value Disclosures [Abstract] | ||
Commitments to extend credit and letters of credit | $ 164.4 | $ 163.7 |
Accumulated Other Comprehensi43
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 | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Unrealized holding gain on available-for-sale securities arising during the period, Pretax | $ 471 | $ 808 |
Total other comprehensive income, Tax Effect | 171 | 290 |
Beginning balance, After-tax | (874) | |
Other comprehensive income | 331 | 564 |
Ending Balance, After-tax | (543) | |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance, Pretax | (1,323) | (631) |
Unrealized holding gain on available-for-sale securities arising during the period, Pretax | 471 | 808 |
Amortization of held-to-maturity discount resulting from transfer, Pretax | 31 | 46 |
Total other comprehensive income, Pretax | 502 | 854 |
Ending balance, Pretax | (821) | 223 |
Beginning balance, Tax Effect | 449 | 214 |
Unrealized holding gain on available-for-sale securities arising during the period, Tax Effect | (161) | (275) |
Amortization of held-to-maturity discount resulting from transfer, Tax Effect | (10) | (15) |
Total other comprehensive income, Tax Effect | (171) | (290) |
Ending Balance, Tax Effect | 278 | (76) |
Beginning balance, After-tax | (874) | (417) |
Unrealized holding gain on available-for-sale securities arising during the period, After-tax | 310 | 533 |
Amortization of held-to-maturity discount resulting from transfer, After-tax | 21 | 31 |
Other comprehensive income | 331 | 564 |
Ending Balance, After-tax | $ (543) | $ 147 |