Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Aug. 01, 2018 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | CSBB | |
Entity Registrant Name | CSB BANCORP INC /OH | |
Entity Central Index Key | 880,417 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 2,742,242 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Cash and cash equivalents | ||
Cash and due from banks | $ 14,956 | $ 17,255 |
Interest-earning deposits in other banks | 28,275 | 19,165 |
Total cash and cash equivalents | 43,231 | 36,420 |
Securities | ||
Available-for-sale, at fair value | 90,808 | 97,663 |
Held-to-maturity (fair value 2018-$21,173; 2017-$25,491) | 21,882 | 25,758 |
Equity Securities | 94 | 89 |
Restricted stock, at cost | 4,614 | 4,614 |
Total securities | 117,398 | 128,124 |
Loans held for sale | 100 | 246 |
Loans | 535,427 | 516,830 |
Less allowance for loan losses | 5,918 | 5,604 |
Net loans | 529,509 | 511,226 |
Premises and equipment, net | 9,563 | 9,244 |
Core deposit intangible | 217 | 268 |
Goodwill | 4,728 | 4,728 |
Bank-owned life insurance | 13,384 | 13,218 |
Accrued interest receivable and other assets | 5,169 | 3,589 |
TOTAL ASSETS | 723,299 | 707,063 |
Deposits | ||
Noninterest-bearing | 178,343 | 173,671 |
Interest-bearing | 416,730 | 409,588 |
Total deposits | 595,073 | 583,259 |
Short-term borrowings | 44,155 | 39,480 |
Other borrowings | 8,827 | 11,409 |
Accrued interest payable and other liabilities | 2,666 | 2,383 |
Total liabilities | 650,721 | 636,531 |
SHAREHOLDERS' EQUITY | ||
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding (shares 2018 and 2017-2,742,242) | 18,629 | 18,629 |
Additional paid-in capital | 9,815 | 9,815 |
Retained earnings | 50,736 | 47,535 |
Treasury stock at cost (shares 2018 and 2017-238,360) | (4,784) | (4,784) |
Accumulated other comprehensive loss | (1,818) | (663) |
Total shareholders' equity | 72,578 | 70,532 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 723,299 | $ 707,063 |
Consolidated Balance Sheets (U3
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Held-to-maturity, fair value | $ 21,173 | $ 25,491 |
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 | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
INTEREST AND DIVIDEND INCOME | ||||
Loans, including fees | $ 6,515 | $ 5,584 | $ 12,654 | $ 11,033 |
Taxable securities | 594 | 598 | 1,197 | 1,196 |
Nontaxable securities | 152 | 174 | 313 | 339 |
Other | 83 | 57 | 129 | 91 |
Total interest and dividend income | 7,344 | 6,413 | 14,293 | 12,659 |
INTEREST EXPENSE | ||||
Deposits | 560 | 307 | 1,014 | 574 |
Short-term borrowings | 84 | 35 | 138 | 57 |
Other borrowings | 48 | 121 | 100 | 216 |
Total interest expense | 692 | 463 | 1,252 | 847 |
NET INTEREST INCOME | 6,652 | 5,950 | 13,041 | 11,812 |
Provision for loan losses | 324 | 845 | 648 | 685 |
Net interest income, after provision for loan losses | 6,328 | 5,105 | 12,393 | 11,127 |
NONINTEREST INCOME | ||||
Gain on sale of loans, net | 60 | 61 | 137 | 103 |
Earnings on bank owned life insurance | 85 | 86 | 166 | 184 |
Unrealized gain or loss on equity securities | 4 | |||
Other income | 183 | 197 | 350 | 377 |
Total noninterest income | 1,168 | 1,060 | 2,313 | 2,166 |
NONINTEREST EXPENSES | ||||
Salaries and employee benefits | 2,718 | 2,472 | 5,355 | 4,931 |
Occupancy expense | 214 | 214 | 434 | 424 |
Equipment expense | 160 | 171 | 316 | 341 |
Professional and director fees | 239 | 234 | 551 | 403 |
Financial institutions and franchise tax expense | 142 | 127 | 284 | 258 |
Marketing and public relations | 119 | 89 | 239 | 167 |
Software expense | 221 | 203 | 434 | 413 |
Debit card expense | 126 | 141 | 242 | 271 |
Amortization of intangible assets | 25 | 29 | 50 | 58 |
FDIC insurance expense | 72 | 52 | 147 | 103 |
Provision (reversal) for unfunded loan commitments | (540) | |||
Other expenses | 583 | 496 | 1,104 | 965 |
Total noninterest expenses | 4,619 | 3,688 | 9,156 | 8,334 |
Income before income taxes | 2,877 | 2,477 | 5,550 | 4,959 |
FEDERAL INCOME TAX PROVISION | 553 | 751 | 1,062 | 1,503 |
NET INCOME | $ 2,324 | $ 1,726 | $ 4,488 | $ 3,456 |
Basic and diluted net earnings per share | $ 0.85 | $ 0.63 | $ 1.64 | $ 1.26 |
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 300 | $ 268 | $ 584 | $ 559 |
Fiduciary and Trust [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 217 | 152 | 436 | 359 |
Debit Card [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 323 | $ 296 | $ 636 | $ 584 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 2,324 | $ 1,726 | $ 4,488 | $ 3,456 |
Other comprehensive (loss) income | ||||
Unrealized (losses) gains arising during the period | (156) | 916 | (1,467) | 1,386 |
Amounts reclassified from accumulated other comprehensive loss, held-to-maturity | 20 | 26 | 41 | 58 |
Income tax effect | 29 | (321) | 300 | (492) |
Other comprehensive (loss) income | (107) | 621 | (1,126) | 952 |
Total comprehensive income | $ 2,217 | $ 2,347 | $ 3,362 | $ 4,408 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) $ in Thousands | USD ($)$ / shares |
Balance at beginning of period at Dec. 31, 2016 | $ 65,415 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 3,456 |
Other comprehensive (loss) income | 952 |
Cash dividends declared | (1,097) |
Balance at end of period at Jun. 30, 2017 | $ 68,726 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.40 |
Balance at beginning of period at Mar. 31, 2017 | $ 66,927 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 1,726 |
Other comprehensive (loss) income | 621 |
Cash dividends declared | (548) |
Balance at end of period at Jun. 30, 2017 | $ 68,726 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.20 |
Balance at beginning of period at Dec. 31, 2017 | $ 70,532 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 4,488 |
Other comprehensive (loss) income | (1,126) |
Cash dividends declared | (1,316) |
Balance at end of period at Jun. 30, 2018 | $ 72,578 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.48 |
Balance at beginning of period at Mar. 31, 2018 | $ 71,019 |
Statement of Stockholders' Equity [Abstract] | |
Net income | 2,324 |
Other comprehensive (loss) income | (107) |
Cash dividends declared | (658) |
Balance at end of period at Jun. 30, 2018 | $ 72,578 |
Statement of Stockholders' Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.24 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Statement of Cash Flows [Abstract] | ||
NET CASH FROM OPERATING ACTIVITIES | $ 4,023 | $ 3,024 |
Securities: | ||
Proceeds from repayments, available-for-sale | 6,151 | 11,187 |
Proceeds from repayments, held-to-maturity | 5,956 | 1,447 |
Purchases, available-for-sale | (992) | (9,243) |
Purchases, held-to-maturity | (2,029) | (4,700) |
Loan originations, net of repayments | (18,938) | (22,820) |
Property, equipment, and software acquisitions | (639) | (293) |
Proceeds from sale of other real estate | 30 | |
Net cash used in investing activities | (10,461) | (24,422) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net change in deposits | 11,814 | 6,319 |
Net change in short-term borrowings | 4,675 | 8,190 |
Proceeds from other borrowings | 10,000 | |
Repayment of other borrowings | (2,582) | (604) |
Cash dividends paid | (658) | (549) |
Net cash provided by financing activities | 13,249 | 23,356 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | 6,811 | 1,958 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 36,420 | 36,838 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 43,231 | 38,796 |
Cash paid during the year for: | ||
Interest | 1,276 | 836 |
Income taxes | 1,110 | 2,160 |
Noncash financing activities: | ||
Dividends declared | $ 658 | $ 548 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying condensed consolidated financial statements include the accounts of CSB Bancorp, Inc. and its wholly-owned subsidiaries, The Commercial and Savings Bank (the “Bank”) and CSB Investment Services, LLC (together referred to as the “Company” or “CSB”). All significant intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements have been prepared without audit. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present fairly the Company’s financial position at June 30, 2018, 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, 2017, 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 periods ended June 30, 2018 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. ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS ASU 2014-09 2014-09 Revenue from Contracts with Customers – Topic 606 in-scope Management determined that the primary sources of revenue emanating from interest and dividend income on loans and securities along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans, commitment fees, fees from financial guarantees, certain credit cards fees, and income on bank-owned life insurance are not within the scope of ASC 606. As a result, no changes were made during the period related to these sources of revenue, which cumulatively comprise 88 percent of the total revenue of the Company. Services within the scope of ASC 606 include income from fiduciary activities, service charges on deposit accounts, other service income, ATM fees, interchange fees, and gain on sale of OREO, net. Service charges on deposit accounts – the Bank has contracts with its deposit customers where fees are charged if the account balance falls below predetermined levels defined as compensating balances. These agreements can be cancelled at any time by either the Bank or the deposit customer. Revenue from these transactions is recognized on a monthly basis as the Bank has an unconditional right to the fee consideration. The Bank also has transaction fees related to specific transactions or activities resulting from a customer request or activity that include overdraft fees, online banking fees, and other transaction fees. All of these fees are attributable to specific performance obligations of the Bank where the revenue is recognized at a defined point in time, completion of the requested service/transaction. Fiduciary/trust fees – Typical contracts for trust services are based on a fixed percentage of the assets earned ratably over a defined period and billed on a monthly or quarterly basis. Fees charged to customers’ accounts are recognized as revenue over the period during which the Bank fulfills its performance obligation under the contract (i.e., holding client asset in a managed fiduciary trust account). For these accounts, the performance obligation of the Bank is typically satisfied by holding and managing the customer’s assets over time. Other fees related to specific customer requests are attributable to specific performance obligations of the Bank where the revenue is recognized at a defined point in time, completion of the requested service/transaction. Interchange fees – The Bank is a member of Visa U.S.A. Inc. and receives interchange fees as a result of customer usage of Bank issued debit cards. The bank’s performance obligation is to provide debit cards for customers to use as a method of payment. Fees received are allocated by Visa and are a percentage of the transaction amount and also vary by the merchant where the card was used. Fees are recognized daily the day after the transaction is processed. Brokerage commissions – Brokerage commissions are based on a percentage of the initial investment. Commissions on transactions are recognized monthly on a trade-date basis as the performance obligation is satisfied at the point in time in which the trade is processed. ASU 2016-01 one-time ASU 2016-02 right-of-use RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS ASU 2016-13 one-time one-time ASU 2017-04 ASU 2018-02 |
Securities
Securities | 6 Months Ended |
Jun. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | NOTE 2 – SECURITIES Securities consist of the following at June 30, 2018 and December 31, 2017: (Dollars in thousands) Amortized Gross Gross Fair value June 30, 2018 Available-for-sale U.S. Treasury security $ 993 $ — $ 1 $ 992 U.S. Government agencies 8,350 — 259 8,091 Mortgage-backed securities of government agencies 45,948 24 1,233 44,739 Asset-backed securities of government agencies 1,104 — 3 1,101 State and political subdivisions 26,419 47 349 26,117 Corporate bonds 10,003 3 238 9,768 Total available-for-sale 92,817 74 2,083 90,808 Held-to-maturity U.S. Government agencies 9,479 4 452 9,031 Mortgage-backed securities of government agencies 12,403 14 275 12,142 Total held-to-maturity 21,882 18 727 21,173 Equity securities 53 41 — 94 Restricted stock 4,614 — — 4,614 Total securities $ 119,366 $ 133 $ 2,810 $ 116,689 December 31, 2017 Available-for-sale U.S. Treasury security $ 999 $ — $ 1 $ 998 U.S. Government agencies 8,350 — 121 8,229 Mortgage-backed securities of government agencies 50,136 146 581 49,701 Asset-backed securities of government agencies 1,168 1 — 1,169 State and political subdivisions 27,020 224 103 27,141 Corporate bonds 10,532 35 142 10,425 Total available-for-sale 98,205 406 948 97,663 Held-to-maturity U.S. Government agencies 9,477 16 228 9,265 Mortgage-backed securities of government agencies 11,581 95 145 11,531 State and political subdivisions 4,700 — 5 4,695 Total held-to-maturity 25,758 111 378 25,491 Equity securities 53 36 — 89 Restricted stock 4,614 — — 4,614 Total securities $ 128,630 $ 553 $ 1,326 $ 127,857 The amortized cost and fair value of debt securities at June 30, 2018, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in thousands) Amortized Fair Available-for-sale Due in one year or less $ 5,068 $ 5,060 Due after one through five years 16,684 16,467 Due after five through ten years 28,245 27,683 Due after ten years 42,820 41,598 Total debt securities available-for-sale $ 92,817 $ 90,808 Held-to-maturity Due in one year or less $ — $ — Due after one through five years 481 485 Due after five through ten years 3,000 2,811 Due after ten years 18,401 17,877 Total debt securities held-to-maturity $ 21,882 $ 21,173 Securities with a fair value of approximately $96 million and $94 million were pledged at June 30, 2018 and December 31, 2017, respectively, to secure public deposits, as well as other deposits and borrowings as required or permitted by law. Restricted stock primarily consists of investments in Federal Home Loan Bank of Cincinnati (FHLB) and Federal Reserve Bank stock. The Bank’s investment in FHLB stock amounted to approximately $4.1 million at June 30, 2018 and December 31, 2017. Federal Reserve Bank stock was $471 thousand at June 30, 2018 and December 31, 2017. There were no proceeds from sales of securities for the three or six month periods ending June 30, 2018 and 2017. The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2018 and December 31, 2017: Securities in a continuous unrealized loss position Less than 12 months 12 months or more Total (Dollars in thousands) Gross Fair Gross Fair Gross Fair June 30, 2018 Available-for-sale U.S. Treasury security $ 1 $ 992 $ — $ — $ 1 $ 992 U.S. Government agencies 56 1,944 203 6,147 259 8,091 Mortgage-backed securities of government agencies 460 25,360 773 17,787 1,233 43,147 Asset-backed securities of government agencies 3 1,101 — — 3 1,101 State and political subdivisions 177 12,944 172 3,643 349 16,587 Corporate bonds 64 6,464 174 2,326 238 8,790 Held-to-maturity U.S. Government agencies 44 1,956 408 6,591 452 8,547 Mortgage-backed securities of government agencies 142 7,325 133 2,846 275 10,171 Total temporarily impaired securities $ 947 $ 58,086 $ 1,863 $ 39,340 $ 2,810 $ 97,426 December 31, 2017 Available-for-sale U.S. Treasury security $ 1 $ 998 $ — $ — $ 1 $ 998 U.S. Government agencies 46 3,804 75 4,425 121 8,229 Mortgage-backed securities of government agencies 145 16,872 436 17,259 581 34,131 State and political subdivisions 26 4,400 77 3,752 103 8,152 Corporate bonds 2 2,912 140 2,360 142 5,272 Held-to-maturity U.S. Government agencies 15 1,985 213 6,785 228 8,770 Mortgage-backed securities of government agencies 18 1,818 127 3,116 145 4,934 State and political subdivisions 5 4,695 — — 5 4,695 Total temporarily impaired securities $ 258 $ 37,484 $ 1,068 $ 37,697 $ 1,326 $ 75,181 There were 119 securities in an unrealized loss position at June 30, 2018, thirty-six |
Loans
Loans | 6 Months Ended |
Jun. 30, 2018 | |
Receivables [Abstract] | |
Loans | NOTE 3 – LOANS Loans consist of the following: (Dollars in thousands) June 30, 2018 December 31, 2017 Commercial $ 142,019 $ 140,273 Commercial real estate 182,034 179,663 Residential real estate 162,184 157,172 Construction & land development 30,706 22,886 Consumer 17,918 16,306 Total loans before deferred costs 534,861 516,300 Deferred loan costs 566 530 Total Loans $ 535,427 $ 516,830 Loan Origination/Risk Management The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. The Company’s management examines current and occasionally projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers; however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type. This diversity helps reduce the Company’s exposure to adverse economic events that affect any single industry. Management monitors and evaluates commercial real estate loans based on collateral, geography, and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner 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 an independent loan review department that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures. Loans serviced for others approximated $85.4 million and $82.7 million at June 30, 2018 and December 31, 2017, respectively. Concentrations of Credit Nearly all of the Company’s lending activity occurs within the state of Ohio, including the four counties of Holmes, Stark, Tuscarawas and Wayne, as well as other markets. The majority of the Company’s loan portfolio consists of commercial and commercial real estate loans. As of June 30, 2018 and December 31, 2017, there were no concentrations of loans related to any single industry. Allowance for Loan Losses The following tables detail activity in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2018 and 2017. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. The increase in the provision for loan losses for the six months ended June 30, 2018 related to commercial loans was primarily due to the increase in substandard loans in this category. The decrease in the provision related to commercial real estate loans is due to the decrease of loan delinquencies in this category. The increase in the provision related to consumer loans is primarily due to the increase loan volume and charge-offs of loans in this category. The increase in the provision for loan losses for the three months ended June 30, 2017 related to commercial loans was primarily due to the increase in the specific allocation related to two commercial relationships. The decrease in the provision related to residential real estate is due to the improvement in the historical losses of loans in this category. The increase in the provision for loan losses related to commercial real estate was due to the increase in the specific allocation for one relationship, the increase in nonaccrual loans in this category and the increase of special mention loan balances. The decrease in the provision for loan losses for the six months ended June 30, 2017 related to commercial loans was primarily due to the recovery of prior loan charge-offs from one relationship. Summary of Allowance for Loan Losses (Dollars in thousands) Commercial Commercial Residential Real Estate Construction & Land Consumer Unallocated Total Three months ended June 30, 2018 Beginning balance $ 1,884 $ 1,699 $ 1,196 $ 244 $ 188 $ 422 $ 5,633 Provision for loan losses (31 ) (87 ) 39 35 107 261 324 Charge-offs (9 ) 0 0 0 (36 ) (45 ) Recoveries 5 0 1 0 0 6 Net charge-offs (4 ) 0 1 0 (36 ) (39 ) Ending balance $ 1,849 $ 1,612 $ 1,236 $ 279 $ 259 $ 683 $ 5,918 Six months ended June 30, 2018 Beginning balance $ 1,813 $ 1,735 $ 1,273 $ 237 $ 175 $ 371 $ 5,604 Provision for loan losses 226 (61 ) (1 ) 42 130 312 648 Charge-offs (203 ) (62 ) (37 ) 0 (46 ) (348 ) Recoveries 13 0 1 0 0 14 Net charge-offs (190 ) (62 ) (36 ) 0 (46 ) (334 ) Ending balance $ 1,849 $ 1,612 $ 1,236 $ 279 $ 259 $ 683 $ 5,918 Three months ended June 30, 2017 Beginning balance $ 1,704 $ 1,538 $ 1,303 $ 184 $ 165 $ 560 $ 5,454 Provision for loan losses 675 180 (47 ) 38 18 (19 ) 845 Charge-offs (32 ) — — — (2 ) (34 ) Recoveries 15 — 8 — 1 24 Net charge-offs (17 ) — 8 — (1 ) (10 ) Ending balance $ 2,362 $ 1,718 $ 1,264 $ 222 $ 182 $ 541 $ 6,289 Six months ended June 30, 2017 Beginning balance $ 2,207 $ 1,264 $ 1,189 $ 178 $ 141 $ 312 $ 5,291 Provision for loan losses (156 ) 454 67 44 47 229 685 Charge-offs (40 ) — — — (7 ) — (47 ) Recoveries 351 — 8 — 1 — 360 Net charge-offs 311 — 8 — (6 ) — 313 Ending balance $ 2,362 $ 1,718 $ 1,264 $ 222 $ 182 $ 541 $ 6,289 The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio class and based on the impairment method as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total June 30, 2018 Allowance for loan losses: Individually evaluated for impairment $ 4 $ 46 $ 16 $ — $ — $ — $ 66 Collectively evaluated for impairment 1,845 1,566 1,220 279 259 683 5,852 Total ending allowance balance $ 1,849 $ 1,612 $ 1,236 $ 279 $ 259 $ 683 $ 5,918 Loans: Loans individually evaluated for impairment $ 1,096 $ 3,458 $ 1,374 $ — $ — $ 5,928 Loans collectively evaluated for impairment 140,923 178,576 160,810 30,706 17,918 528,933 Total ending loans balance $ 142,019 $ 182,034 $ 162,184 $ 30,706 $ 17,918 $ 534,861 December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 74 $ 151 $ 19 $ — $ — $ — $ 244 Collectively evaluated for impairment 1,739 1,584 1,254 237 175 371 5,360 Total ending allowance balance $ 1,813 $ 1,735 $ 1,273 $ 237 $ 175 $ 371 $ 5,604 Loans: Loans individually evaluated for impairment $ 1,726 $ 4,686 $ 1,470 $ — $ — $ 7,882 Loans collectively evaluated for impairment 138,547 174,977 155,702 22,886 16,306 508,418 Total ending loans balance $ 140,273 $ 179,663 $ 157,172 $ 22,886 $ 16,306 $ 516,300 The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Unpaid Recorded Recorded Total Related June 30, 2018 Commercial $ 2,722 $ 1,093 $ 4 $ 1,097 $ 4 Commercial real estate 3,656 3,145 319 3,464 46 Residential real estate 1,525 1,019 359 1,378 16 Total impaired loans $ 7,903 $ 5,257 $ 682 $ 5,939 $ 66 December 31, 2017 Commercial $ 3,352 $ 1,329 $ 399 $ 1,728 $ 74 Commercial real estate 4,826 3,117 1,566 4,683 151 Residential real estate 1,654 1,119 352 1,471 19 Total impaired loans $ 9,832 $ 5,565 $ 2,317 $ 7,882 $ 244 The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three months Six months ended June 30, ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Average recorded investment: Commercial $ 1,190 $ 2,794 $ 1,491 $ 3,505 Commercial real estate 2,700 3,600 3,595 2,019 Residential real estate 1,131 1,540 1,287 1,514 Average recorded investment in impaired loans $ 5,021 $ 7,934 $ 6,373 $ 7,038 Interest income recognized: Commercial $ 10 $ 17 $ 21 $ 31 Commercial real estate 4 2 8 2 Residential real estate 12 15 26 30 Interest income recognized on a cash basis on impaired loans $ 26 $ 34 $ 55 $ 63 The following table presents the aging of past due loans and nonaccrual loans as of June 30, 2018 and December 31, 2017 by class of loans: (Dollars in thousands) Current 30 - 59 60 - 89 90 Days + Non-Accrual Total Past Non-Accrual Total June 30, 2018 Commercial $ 141,180 $ 43 $ 75 $ — $ 721 $ 839 $ 142,019 Commercial real estate 178,927 55 — — 3,052 3,107 182,034 Residential real estate 160,667 585 326 82 524 1,517 162,184 Construction & land development 30,706 — — — — — 30,706 Consumer 17,706 111 81 — 20 212 17,918 Total Loans $ 529,186 $ 794 $ 482 $ 82 $ 4,317 $ 5,675 $ 534,861 December 31, 2017 Commercial $ 138,908 $ 148 $ 65 $ — $ 1,152 $ 1,365 $ 140,273 Commercial real estate 175,062 177 — 40 4,384 4,601 179,663 Residential real estate 155,488 757 38 401 488 1,684 157,172 Construction & land development 22,886 — — — — — 22,886 Consumer 16,048 193 8 — 57 258 16,306 Total Loans $ 508,392 $ 1,275 $ 111 $ 441 $ 6,081 $ 7,908 $ 516,300 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 June 30, 2018, and $2.9 million as of December 31, 2017, with $38 thousand of specific reserves allocated to those loans for both periods. At June 30, 2018, $1.9 million of the loans classified as TDR’s were performing in accordance with their modified terms. Of the remaining $833 thousand, all were in nonaccrual of interest status. The Company held no other real estate at June 30, 2018 or December 31, 2017. Consumer mortgage loans in the process of foreclosure were $35 thousand at June 30, 2018 and $114 thousand at December 31, 2017. (Dollars in thousands) Number of Pre-Modification Post-Modification For the three months ended June 30, 2018 Commercial 1 $ 200 $ 200 Total Restructured Loans 1 $ 200 $ 200 For the six months ended June 30, 2018 Commercial 1 $ 200 $ 200 Total Restructured Loans 1 $ 200 $ 200 For the three months ended June 30, 2017 Commercial Real Estate 4 $ 288 $ 288 Residential Real Estate 1 14 14 Total Restructured Loans 5 $ 302 $ 302 For the six months ended June 30, 2017 Commercial Real Estate 4 $ 288 $ 288 Residential Real Estate 1 14 14 Total Restructured Loans 5 $ 302 $ 302 The loans restructured were modified by changing the monthly payment to interest only and extending the maturity dates. No principal reductions were made. There was one commercial loan in the amount of $3.3 million that was restructured in the fourth quarter of 2016 that defaulted in the second quarter of 2017. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis includes commercial loans with an outstanding balance greater than $300 thousand. This analysis is performed on an annual basis. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $300 thousand or are included in groups of homogeneous loans. Based on the most recent analysis performed, the risk category of loans by class is as follows as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Pass Special Substandard Doubtful Not Rated Total June 30, 2018 Commercial $ 119,590 $ 4,850 $ 16,564 $ — $ 1,015 $ 142,019 Commercial real estate 164,149 8,834 7,858 — 1,193 182,034 Residential real estate 200 — 266 — 161,718 162,184 Construction & land development 26,614 — — — 4,092 30,706 Consumer — — 21 — 17,897 17,918 Total $ 310,553 $ 13,684 $ 24,709 $ — $ 185,915 $ 534,861 December 31, 2017 Commercial $ 116,833 $ 13,685 $ 8,841 $ — $ 914 $ 140,273 Commercial real estate 162,012 8,220 8,620 — 811 179,663 Residential real estate 205 — 470 — 156,497 157,172 Construction & land development 18,493 880 — — 3,513 22,886 Consumer — — 57 — 16,249 16,306 Total $ 297,543 $ 22,785 $ 17,988 $ — $ 177,984 $ 516,300 The following table presents loans that are not rated by class of loans as of June 30, 2018 and December 31, 2017. Nonperforming loans include loans past due 90 days or more and loans on nonaccrual of interest status. (Dollars in thousands) Performing Non-Performing Total June 30, 2018 Commercial $ 1,015 $ — $ 1,015 Commercial real estate 1,193 — 1,193 Residential real estate 161,112 606 161,718 Construction & land development 4,092 — 4,092 Consumer 17,877 20 17,897 Total $ 185,289 $ 626 $ 185,915 December 31, 2017 Commercial $ 914 $ — $ 914 Commercial real estate 811 — 811 Residential real estate 155,608 889 156,497 Construction & land development 3,513 — 3,513 Consumer 16,249 57 16,306 Total $ 177,095 $ 946 $ 178,041 |
Short-Term Borrowings
Short-Term Borrowings | 6 Months Ended |
Jun. 30, 2018 | |
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 June 30, December 31, (Dollars in thousands) 2018 2017 Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value $ 44,343 $ 39,637 Repurchase agreements 44,155 39,480 |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2018 | |
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 Sheets at their fair value on a recurring basis as of June 30, 2018 and December 31, 2017 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 with readily determinable values 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. Equity securities without readily determinable values are carried at amortized cost adjusted for impairment and observable price changes. (Dollars in thousands) Level I Level II Level III Total June 30, 2018 Assets: Securities available-for-sale U.S. Treasury security $ 992 $ — $ — $ 992 U.S. Government agencies — 8,091 — 8,091 Mortgage-backed securities of government agencies — 44,739 — 44,739 Asset-backed securities of government agencies — 1,101 — 1,101 State and political subdivisions — 26,117 — 26,117 Corporate bonds — 9,768 — 9,768 Total available-for-sale $ 992 $ 89,816 $ — $ 90,808 Equity securities $ 48 $ — $ 46 $ 94 December 31, 2017 Assets: Securities available-for-sale U.S. Treasury security $ 998 $ — $ — $ 998 U.S. Government agencies — 8,229 — 8,229 Mortgage-backed securities of government agencies — 49,701 — 49,701 Asset-backed securities of government agencies — 1,169 — 1,169 State and political subdivisions — 27,141 — 27,141 Corporate bonds — 10,425 — 10,425 Total available-for-sale $ 998 $ 96,665 $ — $ 97,663 Equity securities $ 89 $ — $ — $ 89 The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of June 30, 2018 and December 31, 2017, by level within the fair value hierarchy. Impaired loans are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include: quoted market prices for identical assets classified as Level I inputs; and observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. (Dollars in thousands) Level I Level II Level III Total June 30, 2018 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 616 $ 616 December 31, 2017 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 2,073 $ 2,073 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value: Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) June 30, 2018 Impaired loans $ 583 Discounted cash flow Remaining term Discount rate 1.7 yrs to 27 yrs / (14.4 yrs) 33 Appraisal of collateral (1) Appraisal adjustments (2) (2) 25% to 100% (85%) 10% December 31, 2017 Impaired loans $ 551 Discounted cash flow Remaining term Discount rate 4 mos to 24.5 yrs / (12.7 yrs) 1,522 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 6% to 100% (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 | 6 Months Ended |
Jun. 30, 2018 | |
Investments, All Other Investments [Abstract] | |
Fair Values of Financial Instruments | NOTE 6 – FAIR VALUES OF FINANCIAL INSTRUMENTS The fair values of recognized financial instruments as of June 30, 2018 and December 31, 2017 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value June 30, 2018 Financial assets Cash and cash equivalents $ 43,231 $ 43,231 $ — $ — $ 43,231 Securities available-for-sale 90,808 992 89,816 — 90,808 Securities held-to-maturity 21,882 — 21,173 — 21,173 Equity securities 94 48 — 46 94 Restricted stock 4,614 N/A N/A N/A N/A Loans held for sale 100 100 — — 100 Net loans 529,509 — — 524,812 524,812 Bank-owned life insurance 13,384 13,384 — — 13,384 Accrued interest receivable 1,555 1,555 — — 1,555 Mortgage servicing rights 270 — — 270 270 Financial liabilities Deposits $ 595,073 $ 478,654 $ — $ 114,027 $ 592,681 Short-term borrowings 44,155 44,155 — — 44,155 Other borrowings 8,827 — — 8,136 8,136 Accrued interest payable 66 66 — — 66 December 31, 2017 Financial assets Cash and cash equivalents $ 36,420 $ 36,420 $ — $ — $ 36,420 Securities available-for-sale 97,663 998 96,665 — 97,663 Securities held-to-maturity 25,758 — 25,491 — 25,491 Equity securities 89 89 — — 89 Restricted stock 4,614 N/A N/A N/A N/A Loans held for sale 246 246 — — 246 Net loans 511,226 — — 513,106 513,106 Bank-owned life insurance 13,218 13,218 — — 13,218 Accrued interest receivable 1,545 1,545 — — 1,545 Mortgage servicing rights 270 — — 270 270 Financial liabilities Deposits $ 583,259 $ 473,467 $ — $ 110,224 $ 583,691 Short-term borrowings 39,480 39,480 — — 39,480 Other borrowings 11,409 — — 10,365 10,365 For purposes of the above disclosures of 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 Equity investments with a readily determinable value are classified as Level I and equity investments without a readily determinable value are classified as Level III. The following table presents the carrying amount of equity investments without readily determinable fair values, the annual and cumulative amount of impairment, and the annual and cumulative amount of observable price changes for orderly transactions for the identical or a similar investment of the same issuer: June 30, 2018 (Dollars in thousands) Year-to-Date Life-to-Date Amortized cost $ 44 $ 44 Impairment — — Observable price changes 2 2 Carrying value $ 46 $ 46 Net loans Effective first quarter 2018 the fair value of loans were determined using an exit price methodology as prescribed by ASU 2016-01.The 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. 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, classified as Level III. Deposits The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rates are estimated using market rates currently offered for similar instruments with similar remaining maturities, resulting in a Level III classification. Demand, savings, and money market deposit accounts are valued at the amount payable on demand as of quarter end, resulting in a Level I classification. Other borrowings The fair value of Federal Home Loan Bank advances are estimated using a discounted cash flow analysis based on the current borrowing rates for similar types of borrowings, resulting in a Level III classification. The Company also has unrecognized financial instruments at June 30, 2018 and December 31, 2017. These financial instruments relate to commitments to extend credit and letters of credit. The aggregated contract amount of such financial instruments was approximately $174.7 million at June 30, 2018 and $178.2 million at December 31, 2017. Such amounts are also considered to be the fair values. The fair value estimates of financial instruments are made at a specific point in time based on relevant market information. 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 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2018 | |
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 and six month periods ended June 30, 2018 and 2017: (Dollars in thousands) Pretax Tax Effect After-tax Three months ended June 30, 2018 Balance as of March 31, 2018 $ (2,165 ) $ 454 $ (1,711 ) Unrealized holding loss on available-for-sale (156 ) 33 (123 ) Amortization of held-to-maturity 20 (4 ) 16 Total other comprehensive income (136 ) 29 (107 ) Balance as of June 30, 2018 $ (2,301 ) $ 483 $ (1,818 ) Six months ended June 30, 2018 Balance as of December 31, 2017 $ (839 ) $ 176 $ (663 ) Unrealized holding loss on available-for-sale (1,539 ) 323 (1,216 ) Reclassify equity AOCI gain to retained earnings 36 (7 ) 29 Amortization of held-to-maturity 41 (9 ) 32 Total other comprehensive income (1,462 ) 307 (1,155 ) Balance as of June 30, 2018 $ (2,301 ) $ 483 $ (1,818 ) Three months ended June 30, 2017 Balance as of March 31, 2017 $ (821 ) $ 278 $ (543 ) Unrealized holding gain on available-for-sale 916 (312 ) 604 Amortization of held-to-maturity 26 (9 ) 17 Total other comprehensive income 942 (321 ) 621 Balance as of June 30, 2017 $ 121 $ (43 ) $ 78 Six months ended June 30, 2017 Balance as of December 31, 2016 $ (1,323 ) $ 449 $ (874 ) Unrealized holding gain on available-for-sale 1,386 (471 ) 915 Amortization of held-to-maturity 58 (21 ) 37 Total other comprehensive income 1,444 (492 ) 952 Balance as of June 30, 2017 $ 121 $ (43 ) $ 78 |
Summary of Significant Accoun15
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Revenue Recognition | ASU 2014-09 2014-09 Revenue from Contracts with Customers – Topic 606 in-scope Management determined that the primary sources of revenue emanating from interest and dividend income on loans and securities along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans, commitment fees, fees from financial guarantees, certain credit cards fees, and income on bank-owned life insurance are not within the scope of ASC 606. As a result, no changes were made during the period related to these sources of revenue, which cumulatively comprise 88 percent of the total revenue of the Company. Services within the scope of ASC 606 include income from fiduciary activities, service charges on deposit accounts, other service income, ATM fees, interchange fees, and gain on sale of OREO, net. Service charges on deposit accounts – the Bank has contracts with its deposit customers where fees are charged if the account balance falls below predetermined levels defined as compensating balances. These agreements can be cancelled at any time by either the Bank or the deposit customer. Revenue from these transactions is recognized on a monthly basis as the Bank has an unconditional right to the fee consideration. The Bank also has transaction fees related to specific transactions or activities resulting from a customer request or activity that include overdraft fees, online banking fees, and other transaction fees. All of these fees are attributable to specific performance obligations of the Bank where the revenue is recognized at a defined point in time, completion of the requested service/transaction. Fiduciary/trust fees – Typical contracts for trust services are based on a fixed percentage of the assets earned ratably over a defined period and billed on a monthly or quarterly basis. Fees charged to customers’ accounts are recognized as revenue over the period during which the Bank fulfills its performance obligation under the contract (i.e., holding client asset in a managed fiduciary trust account). For these accounts, the performance obligation of the Bank is typically satisfied by holding and managing the customer’s assets over time. Other fees related to specific customer requests are attributable to specific performance obligations of the Bank where the revenue is recognized at a defined point in time, completion of the requested service/transaction. Interchange fees – The Bank is a member of Visa U.S.A. Inc. and receives interchange fees as a result of customer usage of Bank issued debit cards. The bank’s performance obligation is to provide debit cards for customers to use as a method of payment. Fees received are allocated by Visa and are a percentage of the transaction amount and also vary by the merchant where the card was used. Fees are recognized daily the day after the transaction is processed. Brokerage commissions – Brokerage commissions are based on a percentage of the initial investment. Commissions on transactions are recognized monthly on a trade-date basis as the performance obligation is satisfied at the point in time in which the trade is processed. |
Financial Instruments | ASU 2016-01 - Recognition and Measurement of Financial Assets and Financial Liabilities. one-time |
Lease | ASU 2016-02 – Leases. right-of-use |
Credit Losses | ASU 2016-13 - Financial Instruments - Credit Losses. one-time one-time |
Goodwill Impairment | ASU 2017-04 - Simplifying the Test for Goodwill Impairment. |
Comprehensive Income | ASU 2018-02 - Income Statement – Reporting Comprehensive Income. |
Securities (Tables)
Securities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Summary of Securities Available-for-Sale and Restricted Stock | Securities consist of the following at June 30, 2018 and December 31, 2017: (Dollars in thousands) Amortized Gross Gross Fair value June 30, 2018 Available-for-sale U.S. Treasury security $ 993 $ — $ 1 $ 992 U.S. Government agencies 8,350 — 259 8,091 Mortgage-backed securities of government agencies 45,948 24 1,233 44,739 Asset-backed securities of government agencies 1,104 — 3 1,101 State and political subdivisions 26,419 47 349 26,117 Corporate bonds 10,003 3 238 9,768 Total available-for-sale 92,817 74 2,083 90,808 Held-to-maturity U.S. Government agencies 9,479 4 452 9,031 Mortgage-backed securities of government agencies 12,403 14 275 12,142 Total held-to-maturity 21,882 18 727 21,173 Equity securities 53 41 — 94 Restricted stock 4,614 — — 4,614 Total securities $ 119,366 $ 133 $ 2,810 $ 116,689 December 31, 2017 Available-for-sale U.S. Treasury security $ 999 $ — $ 1 $ 998 U.S. Government agencies 8,350 — 121 8,229 Mortgage-backed securities of government agencies 50,136 146 581 49,701 Asset-backed securities of government agencies 1,168 1 — 1,169 State and political subdivisions 27,020 224 103 27,141 Corporate bonds 10,532 35 142 10,425 Total available-for-sale 98,205 406 948 97,663 Held-to-maturity U.S. Government agencies 9,477 16 228 9,265 Mortgage-backed securities of government agencies 11,581 95 145 11,531 State and political subdivisions 4,700 — 5 4,695 Total held-to-maturity 25,758 111 378 25,491 Equity securities 53 36 — 89 Restricted stock 4,614 — — 4,614 Total securities $ 128,630 $ 553 $ 1,326 $ 127,857 |
Summary of Amortized Cost and Fair Value of Debt Securities | The amortized cost and fair value of debt securities at June 30, 2018, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in thousands) Amortized Fair Available-for-sale Due in one year or less $ 5,068 $ 5,060 Due after one through five years 16,684 16,467 Due after five through ten years 28,245 27,683 Due after ten years 42,820 41,598 Total debt securities available-for-sale $ 92,817 $ 90,808 Held-to-maturity Due in one year or less $ — $ — Due after one through five years 481 485 Due after five through ten years 3,000 2,811 Due after ten years 18,401 17,877 Total debt securities held-to-maturity $ 21,882 $ 21,173 |
Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities | The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2018 and December 31, 2017: Securities in a continuous unrealized loss position Less than 12 months 12 months or more Total (Dollars in thousands) Gross Fair Gross Fair Gross Fair June 30, 2018 Available-for-sale U.S. Treasury security $ 1 $ 992 $ — $ — $ 1 $ 992 U.S. Government agencies 56 1,944 203 6,147 259 8,091 Mortgage-backed securities of government agencies 460 25,360 773 17,787 1,233 43,147 Asset-backed securities of government agencies 3 1,101 — — 3 1,101 State and political subdivisions 177 12,944 172 3,643 349 16,587 Corporate bonds 64 6,464 174 2,326 238 8,790 Held-to-maturity U.S. Government agencies 44 1,956 408 6,591 452 8,547 Mortgage-backed securities of government agencies 142 7,325 133 2,846 275 10,171 Total temporarily impaired securities $ 947 $ 58,086 $ 1,863 $ 39,340 $ 2,810 $ 97,426 December 31, 2017 Available-for-sale U.S. Treasury security $ 1 $ 998 $ — $ — $ 1 $ 998 U.S. Government agencies 46 3,804 75 4,425 121 8,229 Mortgage-backed securities of government agencies 145 16,872 436 17,259 581 34,131 State and political subdivisions 26 4,400 77 3,752 103 8,152 Corporate bonds 2 2,912 140 2,360 142 5,272 Held-to-maturity U.S. Government agencies 15 1,985 213 6,785 228 8,770 Mortgage-backed securities of government agencies 18 1,818 127 3,116 145 4,934 State and political subdivisions 5 4,695 — — 5 4,695 Total temporarily impaired securities $ 258 $ 37,484 $ 1,068 $ 37,697 $ 1,326 $ 75,181 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Receivables [Abstract] | |
Summary of Loans | Loans consist of the following: (Dollars in thousands) June 30, 2018 December 31, 2017 Commercial $ 142,019 $ 140,273 Commercial real estate 182,034 179,663 Residential real estate 162,184 157,172 Construction & land development 30,706 22,886 Consumer 17,918 16,306 Total loans before deferred costs 534,861 516,300 Deferred loan costs 566 530 Total Loans $ 535,427 $ 516,830 |
Summary of Allowance for Loan Losses | Summary of Allowance for Loan Losses (Dollars in thousands) Commercial Commercial Residential Real Estate Construction & Land Consumer Unallocated Total Three months ended June 30, 2018 Beginning balance $ 1,884 $ 1,699 $ 1,196 $ 244 $ 188 $ 422 $ 5,633 Provision for loan losses (31 ) (87 ) 39 35 107 261 324 Charge-offs (9 ) 0 0 0 (36 ) (45 ) Recoveries 5 0 1 0 0 6 Net charge-offs (4 ) 0 1 0 (36 ) (39 ) Ending balance $ 1,849 $ 1,612 $ 1,236 $ 279 $ 259 $ 683 $ 5,918 Six months ended June 30, 2018 Beginning balance $ 1,813 $ 1,735 $ 1,273 $ 237 $ 175 $ 371 $ 5,604 Provision for loan losses 226 (61 ) (1 ) 42 130 312 648 Charge-offs (203 ) (62 ) (37 ) 0 (46 ) (348 ) Recoveries 13 0 1 0 0 14 Net charge-offs (190 ) (62 ) (36 ) 0 (46 ) (334 ) Ending balance $ 1,849 $ 1,612 $ 1,236 $ 279 $ 259 $ 683 $ 5,918 Three months ended June 30, 2017 Beginning balance $ 1,704 $ 1,538 $ 1,303 $ 184 $ 165 $ 560 $ 5,454 Provision for loan losses 675 180 (47 ) 38 18 (19 ) 845 Charge-offs (32 ) — — — (2 ) (34 ) Recoveries 15 — 8 — 1 24 Net charge-offs (17 ) — 8 — (1 ) (10 ) Ending balance $ 2,362 $ 1,718 $ 1,264 $ 222 $ 182 $ 541 $ 6,289 Six months ended June 30, 2017 Beginning balance $ 2,207 $ 1,264 $ 1,189 $ 178 $ 141 $ 312 $ 5,291 Provision for loan losses (156 ) 454 67 44 47 229 685 Charge-offs (40 ) — — — (7 ) — (47 ) Recoveries 351 — 8 — 1 — 360 Net charge-offs 311 — 8 — (6 ) — 313 Ending balance $ 2,362 $ 1,718 $ 1,264 $ 222 $ 182 $ 541 $ 6,289 |
Allowances for Loan Losses and Ending Balances by Portfolio Class and Based on Impairment Method | The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio class and based on the impairment method as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total June 30, 2018 Allowance for loan losses: Individually evaluated for impairment $ 4 $ 46 $ 16 $ — $ — $ — $ 66 Collectively evaluated for impairment 1,845 1,566 1,220 279 259 683 5,852 Total ending allowance balance $ 1,849 $ 1,612 $ 1,236 $ 279 $ 259 $ 683 $ 5,918 Loans: Loans individually evaluated for impairment $ 1,096 $ 3,458 $ 1,374 $ — $ — $ 5,928 Loans collectively evaluated for impairment 140,923 178,576 160,810 30,706 17,918 528,933 Total ending loans balance $ 142,019 $ 182,034 $ 162,184 $ 30,706 $ 17,918 $ 534,861 December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 74 $ 151 $ 19 $ — $ — $ — $ 244 Collectively evaluated for impairment 1,739 1,584 1,254 237 175 371 5,360 Total ending allowance balance $ 1,813 $ 1,735 $ 1,273 $ 237 $ 175 $ 371 $ 5,604 Loans: Loans individually evaluated for impairment $ 1,726 $ 4,686 $ 1,470 $ — $ — $ 7,882 Loans collectively evaluated for impairment 138,547 174,977 155,702 22,886 16,306 508,418 Total ending loans balance $ 140,273 $ 179,663 $ 157,172 $ 22,886 $ 16,306 $ 516,300 |
Schedule of Impairment by Class of Loans | The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Unpaid Recorded Recorded Total Related June 30, 2018 Commercial $ 2,722 $ 1,093 $ 4 $ 1,097 $ 4 Commercial real estate 3,656 3,145 319 3,464 46 Residential real estate 1,525 1,019 359 1,378 16 Total impaired loans $ 7,903 $ 5,257 $ 682 $ 5,939 $ 66 December 31, 2017 Commercial $ 3,352 $ 1,329 $ 399 $ 1,728 $ 74 Commercial real estate 4,826 3,117 1,566 4,683 151 Residential real estate 1,654 1,119 352 1,471 19 Total impaired loans $ 9,832 $ 5,565 $ 2,317 $ 7,882 $ 244 |
Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized | The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three months Six months ended June 30, ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Average recorded investment: Commercial $ 1,190 $ 2,794 $ 1,491 $ 3,505 Commercial real estate 2,700 3,600 3,595 2,019 Residential real estate 1,131 1,540 1,287 1,514 Average recorded investment in impaired loans $ 5,021 $ 7,934 $ 6,373 $ 7,038 Interest income recognized: Commercial $ 10 $ 17 $ 21 $ 31 Commercial real estate 4 2 8 2 Residential real estate 12 15 26 30 Interest income recognized on a cash basis on impaired loans $ 26 $ 34 $ 55 $ 63 |
Schedule of Aging of Past Due and Nonaccrual Loans | The following table presents the aging of past due loans and nonaccrual loans as of June 30, 2018 and December 31, 2017 by class of loans: (Dollars in thousands) Current 30 - 59 60 - 89 90 Days + Non-Accrual Total Past Non-Accrual Total June 30, 2018 Commercial $ 141,180 $ 43 $ 75 $ — $ 721 $ 839 $ 142,019 Commercial real estate 178,927 55 — — 3,052 3,107 182,034 Residential real estate 160,667 585 326 82 524 1,517 162,184 Construction & land development 30,706 — — — — — 30,706 Consumer 17,706 111 81 — 20 212 17,918 Total Loans $ 529,186 $ 794 $ 482 $ 82 $ 4,317 $ 5,675 $ 534,861 December 31, 2017 Commercial $ 138,908 $ 148 $ 65 $ — $ 1,152 $ 1,365 $ 140,273 Commercial real estate 175,062 177 — 40 4,384 4,601 179,663 Residential real estate 155,488 757 38 401 488 1,684 157,172 Construction & land development 22,886 — — — — — 22,886 Consumer 16,048 193 8 — 57 258 16,306 Total Loans $ 508,392 $ 1,275 $ 111 $ 441 $ 6,081 $ 7,908 $ 516,300 |
Summary of Troubled Debt Restructurings | The Company held no other real estate at June 30, 2018 or December 31, 2017. Consumer mortgage loans in the process of foreclosure were $35 thousand at June 30, 2018 and $114 thousand at December 31, 2017. (Dollars in thousands) Number of Pre-Modification Post-Modification For the three months ended June 30, 2018 Commercial 1 $ 200 $ 200 Total Restructured Loans 1 $ 200 $ 200 For the six months ended June 30, 2018 Commercial 1 $ 200 $ 200 Total Restructured Loans 1 $ 200 $ 200 For the three months ended June 30, 2017 Commercial Real Estate 4 $ 288 $ 288 Residential Real Estate 1 14 14 Total Restructured Loans 5 $ 302 $ 302 For the six months ended June 30, 2017 Commercial Real Estate 4 $ 288 $ 288 Residential Real Estate 1 14 14 Total Restructured Loans 5 $ 302 $ 302 |
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 June 30, 2018 and December 31, 2017: (Dollars in thousands) Pass Special Substandard Doubtful Not Rated Total June 30, 2018 Commercial $ 119,590 $ 4,850 $ 16,564 $ — $ 1,015 $ 142,019 Commercial real estate 164,149 8,834 7,858 — 1,193 182,034 Residential real estate 200 — 266 — 161,718 162,184 Construction & land development 26,614 — — — 4,092 30,706 Consumer — — 21 — 17,897 17,918 Total $ 310,553 $ 13,684 $ 24,709 $ — $ 185,915 $ 534,861 December 31, 2017 Commercial $ 116,833 $ 13,685 $ 8,841 $ — $ 914 $ 140,273 Commercial real estate 162,012 8,220 8,620 — 811 179,663 Residential real estate 205 — 470 — 156,497 157,172 Construction & land development 18,493 880 — — 3,513 22,886 Consumer — — 57 — 16,249 16,306 Total $ 297,543 $ 22,785 $ 17,988 $ — $ 177,984 $ 516,300 |
Schedule of Loans Not Rated by Class of Loans | The following table presents loans that are not rated by class of loans as of June 30, 2018 and December 31, 2017. Nonperforming loans include loans past due 90 days or more and loans on nonaccrual of interest status. (Dollars in thousands) Performing Non-Performing Total June 30, 2018 Commercial $ 1,015 $ — $ 1,015 Commercial real estate 1,193 — 1,193 Residential real estate 161,112 606 161,718 Construction & land development 4,092 — 4,092 Consumer 17,877 20 17,897 Total $ 185,289 $ 626 $ 185,915 December 31, 2017 Commercial $ 914 $ — $ 914 Commercial real estate 811 — 811 Residential real estate 155,608 889 156,497 Construction & land development 3,513 — 3,513 Consumer 16,249 57 16,306 Total $ 177,095 $ 946 $ 178,041 |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
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 June 30, December 31, (Dollars in thousands) 2018 2017 Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value $ 44,343 $ 39,637 Repurchase agreements 44,155 39,480 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
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 Sheets at their fair value on a recurring basis as of June 30, 2018 and December 31, 2017 by level within the fair value hierarchy. (Dollars in thousands) Level I Level II Level III Total June 30, 2018 Assets: Securities available-for-sale U.S. Treasury security $ 992 $ — $ — $ 992 U.S. Government agencies — 8,091 — 8,091 Mortgage-backed securities of government agencies — 44,739 — 44,739 Asset-backed securities of government agencies — 1,101 — 1,101 State and political subdivisions — 26,117 — 26,117 Corporate bonds — 9,768 — 9,768 Total available-for-sale $ 992 $ 89,816 $ — $ 90,808 Equity securities $ 48 $ — $ 46 $ 94 December 31, 2017 Assets: Securities available-for-sale U.S. Treasury security $ 998 $ — $ — $ 998 U.S. Government agencies — 8,229 — 8,229 Mortgage-backed securities of government agencies — 49,701 — 49,701 Asset-backed securities of government agencies — 1,169 — 1,169 State and political subdivisions — 27,141 — 27,141 Corporate bonds — 10,425 — 10,425 Total available-for-sale $ 998 $ 96,665 $ — $ 97,663 Equity securities $ 89 $ — $ — $ 89 |
Schedule of Fair Value of Assets Measured on Nonrecurring Basis | The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of June 30, 2018 and December 31, 2017, by level within the fair value hierarchy. (Dollars in thousands) Level I Level II Level III Total June 30, 2018 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 616 $ 616 December 31, 2017 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 2,073 $ 2,073 |
Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis | The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value: Quantitative Information about Level III Fair Value Measurements (Dollars in thousands) Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) June 30, 2018 Impaired loans $ 583 Discounted cash flow Remaining term Discount rate 1.7 yrs to 27 yrs / (14.4 yrs) 33 Appraisal of collateral (1) Appraisal adjustments (2) (2) 25% to 100% (85%) 10% December 31, 2017 Impaired loans $ 551 Discounted cash flow Remaining term Discount rate 4 mos to 24.5 yrs / (12.7 yrs) 1,522 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) 6% to 100% (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 Inst20
Fair Values of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Investments, All Other Investments [Abstract] | |
Schedule of Fair Values of Recognized Financial Instruments | The fair values of recognized financial instruments as of June 30, 2018 and December 31, 2017 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value June 30, 2018 Financial assets Cash and cash equivalents $ 43,231 $ 43,231 $ — $ — $ 43,231 Securities available-for-sale 90,808 992 89,816 — 90,808 Securities held-to-maturity 21,882 — 21,173 — 21,173 Equity securities 94 48 — 46 94 Restricted stock 4,614 N/A N/A N/A N/A Loans held for sale 100 100 — — 100 Net loans 529,509 — — 524,812 524,812 Bank-owned life insurance 13,384 13,384 — — 13,384 Accrued interest receivable 1,555 1,555 — — 1,555 Mortgage servicing rights 270 — — 270 270 Financial liabilities Deposits $ 595,073 $ 478,654 $ — $ 114,027 $ 592,681 Short-term borrowings 44,155 44,155 — — 44,155 Other borrowings 8,827 — — 8,136 8,136 Accrued interest payable 66 66 — — 66 December 31, 2017 Financial assets Cash and cash equivalents $ 36,420 $ 36,420 $ — $ — $ 36,420 Securities available-for-sale 97,663 998 96,665 — 97,663 Securities held-to-maturity 25,758 — 25,491 — 25,491 Equity securities 89 89 — — 89 Restricted stock 4,614 N/A N/A N/A N/A Loans held for sale 246 246 — — 246 Net loans 511,226 — — 513,106 513,106 Bank-owned life insurance 13,218 13,218 — — 13,218 Accrued interest receivable 1,545 1,545 — — 1,545 Mortgage servicing rights 270 — — 270 270 Financial liabilities Deposits $ 583,259 $ 473,467 $ — $ 110,224 $ 583,691 Short-term borrowings 39,480 39,480 — — 39,480 Other borrowings 11,409 — — 10,365 10,365 |
Summary of Equity Investments | The following table presents the carrying amount of equity investments without readily determinable fair values, the annual and cumulative amount of impairment, and the annual and cumulative amount of observable price changes for orderly transactions for the identical or a similar investment of the same issuer: June 30, 2018 (Dollars in thousands) Year-to-Date Life-to-Date Amortized cost $ 44 $ 44 Impairment — — Observable price changes 2 2 Carrying value $ 46 $ 46 |
Accumulated Other Comprehensi21
Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Equity [Abstract] | |
Schedule of Changes in Accumulated Other Comprehensive (Loss) Income by Component Net of Tax | The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three and six month periods ended June 30, 2018 and 2017: (Dollars in thousands) Pretax Tax Effect After-tax Three months ended June 30, 2018 Balance as of March 31, 2018 $ (2,165 ) $ 454 $ (1,711 ) Unrealized holding loss on available-for-sale (156 ) 33 (123 ) Amortization of held-to-maturity 20 (4 ) 16 Total other comprehensive income (136 ) 29 (107 ) Balance as of June 30, 2018 $ (2,301 ) $ 483 $ (1,818 ) Six months ended June 30, 2018 Balance as of December 31, 2017 $ (839 ) $ 176 $ (663 ) Unrealized holding loss on available-for-sale (1,539 ) 323 (1,216 ) Reclassify equity AOCI gain to retained earnings 36 (7 ) 29 Amortization of held-to-maturity 41 (9 ) 32 Total other comprehensive income (1,462 ) 307 (1,155 ) Balance as of June 30, 2018 $ (2,301 ) $ 483 $ (1,818 ) Three months ended June 30, 2017 Balance as of March 31, 2017 $ (821 ) $ 278 $ (543 ) Unrealized holding gain on available-for-sale 916 (312 ) 604 Amortization of held-to-maturity 26 (9 ) 17 Total other comprehensive income 942 (321 ) 621 Balance as of June 30, 2017 $ 121 $ (43 ) $ 78 Six months ended June 30, 2017 Balance as of December 31, 2016 $ (1,323 ) $ 449 $ (874 ) Unrealized holding gain on available-for-sale 1,386 (471 ) 915 Amortization of held-to-maturity 58 (21 ) 37 Total other comprehensive income 1,444 (492 ) 952 Balance as of June 30, 2017 $ 121 $ (43 ) $ 78 |
Summary of Significant Accoun22
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Jun. 30, 2018 | Jan. 01, 2018 |
Summary Of Significant Accounting Policies [Line Items] | |||
Percentage allocation on source of revenue | 88.00% | ||
Reclassification from accumulated other comprehensive income to retained earnings | $ 109 | ||
Accounting Standards Update 2016-01 [Member] | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Additional income recorded from changes in accounting for equity investments | $ 4 | ||
Accounting Standards Update 2016-01 [Member] | Retained Earnings [Member] | |||
Summary Of Significant Accounting Policies [Line Items] | |||
Cumulative effect adjustment from accumulated other comprehensive income to retained earnings | $ 29 |
Securities - Summary of Securit
Securities - Summary of Securities Available-for-Sale and Restricted Stock (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2018 | Dec. 31, 2017 | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Gross Unrealized Gains, Equity securities | $ 4 | |
Fair Value, Equity securities | 94 | $ 89 |
Amortized Cost, Available-for-sale | 92,817 | 98,205 |
Gross Unrealized Gains, Available-for-sale | 74 | 406 |
Gross Unrealized Losses, Available-for-sale | 2,083 | 948 |
Fair Value, Available-for-sale | 90,808 | 97,663 |
Amortized Cost, Held to maturity | 21,882 | 25,758 |
Gross Unrealized Gains, Held to maturity | 18 | 111 |
Gross Unrealized Losses, Held to maturity | 727 | 378 |
Fair Value, Held to maturity | 21,173 | 25,491 |
Amortized Cost | 119,366 | 128,630 |
Gross Unrealized Gains | 133 | 553 |
Gross Unrealized Losses | 2,810 | 1,326 |
Fair Value | 116,689 | 127,857 |
Equity Securities [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Equity securities | 53 | 53 |
Gross Unrealized Gains, Equity securities | 41 | 36 |
Gross Unrealized Losses, Equity securities | 0 | 0 |
Fair Value, Equity securities | 94 | 89 |
U.S. Treasury Security [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 993 | 999 |
Gross Unrealized Losses, Available-for-sale | 1 | 1 |
Fair Value, Available-for-sale | 992 | 998 |
U.S. Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 8,350 | 8,350 |
Gross Unrealized Losses, Available-for-sale | 259 | 121 |
Fair Value, Available-for-sale | 8,091 | 8,229 |
Amortized Cost, Held to maturity | 9,479 | 9,477 |
Gross Unrealized Gains, Held to maturity | 4 | 16 |
Gross Unrealized Losses, Held to maturity | 452 | 228 |
Fair Value, Held to maturity | 9,031 | 9,265 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 45,948 | 50,136 |
Gross Unrealized Gains, Available-for-sale | 24 | 146 |
Gross Unrealized Losses, Available-for-sale | 1,233 | 581 |
Fair Value, Available-for-sale | 44,739 | 49,701 |
Amortized Cost, Held to maturity | 12,403 | 11,581 |
Gross Unrealized Gains, Held to maturity | 14 | 95 |
Gross Unrealized Losses, Held to maturity | 275 | 145 |
Fair Value, Held to maturity | 12,142 | 11,531 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 1,104 | 1,168 |
Gross Unrealized Gains, Available-for-sale | 1 | |
Gross Unrealized Losses, Available-for-sale | 3 | |
Fair Value, Available-for-sale | 1,101 | 1,169 |
State and Political Subdivisions [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 26,419 | 27,020 |
Gross Unrealized Gains, Available-for-sale | 47 | 224 |
Gross Unrealized Losses, Available-for-sale | 349 | 103 |
Fair Value, Available-for-sale | 26,117 | 27,141 |
Amortized Cost, Held to maturity | 4,700 | |
Gross Unrealized Losses, Held to maturity | 5 | |
Fair Value, Held to maturity | 4,695 | |
Corporate Bonds [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 10,003 | 10,532 |
Gross Unrealized Gains, Available-for-sale | 3 | 35 |
Gross Unrealized Losses, Available-for-sale | 238 | 142 |
Fair Value, Available-for-sale | 9,768 | 10,425 |
Restricted Stock [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost | 4,614 | 4,614 |
Fair Value | $ 4,614 | $ 4,614 |
Securities - Summary of Amortiz
Securities - Summary of Amortized Cost and Fair Value of Debt Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Available-for-sale | ||
Due in one year or less, Amortized Cost | $ 5,068 | |
Due after one through five years, Amortized Cost | 16,684 | |
Due after five through ten years, Amortized Cost | 28,245 | |
Due after ten years, Amortized Cost | 42,820 | |
Total debt securities available-for-sale, Amortized Cost | 92,817 | |
Due in one year or less, Fair Value | 5,060 | |
Due after one through five years, Fair Value | 16,467 | |
Due after five through ten years, Fair Value | 27,683 | |
Due after ten years, Fair Value | 41,598 | |
Total debt securities available-for-sale, Fair Value | 90,808 | |
Held-to-maturity | ||
Due in one year or less, Amortized Cost | 0 | |
Due after one through five years, Amortized Cost | 481 | |
Due after five through ten years, Amortized Cost | 3,000 | |
Due after ten years, Amortized Cost | 18,401 | |
Amortized Cost, Held to maturity | 21,882 | $ 25,758 |
Due in one year or less, Fair Value | 0 | |
Due after one through five years, Fair Value | 485 | |
Due after five through ten years, Fair Value | 2,811 | |
Due after ten years, Fair Value | 17,877 | |
Total debt securities held-to-maturity, Fair Value | $ 21,173 | $ 25,491 |
Securities - Additional Informa
Securities - Additional Information (Detail) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018USD ($)Securities | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($)Securities | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Investments, Debt and Equity Securities [Abstract] | |||||
Fair value of pledged securities | $ 96,000,000 | $ 96,000,000 | $ 94,000,000 | ||
Restricted stock investment in FHLB stock | 4,100,000 | 4,100,000 | 4,100,000 | ||
Federal Reserve Bank stock | 471,000 | 471,000 | $ 471,000 | ||
Proceeds from sale of available-for-sale securities | $ 0 | $ 0 | $ 0 | $ 0 | |
Number of securities in an unrealized loss position, Total | Securities | 119 | 119 | |||
Number of securities in continuous unrealized loss position, 12 months or more | Securities | 36 |
Securities - Summary of Gross U
Securities - Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Total | $ 727 | $ 378 |
Gross Unrealized Losses, Total | 2,083 | 948 |
Gross Unrealized Losses, Less Than 12 Months | 947 | 258 |
Fair Value, Less Than 12 Months | 58,086 | 37,484 |
Gross Unrealized Losses, 12 Months Or More | 1,863 | 1,068 |
Fair Value, 12 Months Or More | 39,340 | 37,697 |
Gross Unrealized Losses, Total | 2,810 | 1,326 |
Fair Value, Total | 97,426 | 75,181 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Less Than 12 Months | 44 | 15 |
Held-to-maturity, Fair Value, Less Than 12 Months | 1,956 | 1,985 |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | 408 | 213 |
Held-to-maturity, Fair Value, 12 Months Or More | 6,591 | 6,785 |
Held-to-maturity, Gross Unrealized Losses, Total | 452 | 228 |
Held-to-maturity, Fair Value, Total | 8,547 | 8,770 |
Gross Unrealized Losses, Less Than 12 Months | 56 | 46 |
Fair Value, Less Than 12 Months | 1,944 | 3,804 |
Gross Unrealized Losses, 12 Months Or More | 203 | 75 |
Fair Value, 12 Months Or More | 6,147 | 4,425 |
Gross Unrealized Losses, Total | 259 | 121 |
Fair Value, Total | 8,091 | 8,229 |
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 | 142 | 18 |
Held-to-maturity, Fair Value, Less Than 12 Months | 7,325 | 1,818 |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | 133 | 127 |
Held-to-maturity, Fair Value, 12 Months Or More | 2,846 | 3,116 |
Held-to-maturity, Gross Unrealized Losses, Total | 275 | 145 |
Held-to-maturity, Fair Value, Total | 10,171 | 4,934 |
Gross Unrealized Losses, Less Than 12 Months | 460 | 145 |
Fair Value, Less Than 12 Months | 25,360 | 16,872 |
Gross Unrealized Losses, 12 Months Or More | 773 | 436 |
Fair Value, 12 Months Or More | 17,787 | 17,259 |
Gross Unrealized Losses, Total | 1,233 | 581 |
Fair Value, Total | 43,147 | 34,131 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Less Than 12 Months | 5 | |
Held-to-maturity, Fair Value, Less Than 12 Months | 4,695 | |
Held-to-maturity, Gross Unrealized Losses, Total | 5 | |
Held-to-maturity, Fair Value, Total | 4,695 | |
Gross Unrealized Losses, Less Than 12 Months | 177 | 26 |
Fair Value, Less Than 12 Months | 12,944 | 4,400 |
Gross Unrealized Losses, 12 Months Or More | 172 | 77 |
Fair Value, 12 Months Or More | 3,643 | 3,752 |
Gross Unrealized Losses, Total | 349 | 103 |
Fair Value, Total | 16,587 | 8,152 |
U.S. Treasury Security [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 1 | 1 |
Fair Value, Less Than 12 Months | 992 | 998 |
Gross Unrealized Losses, Total | 1 | 1 |
Fair Value, Total | 992 | 998 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 3 | |
Fair Value, Less Than 12 Months | 1,101 | |
Gross Unrealized Losses, Total | 3 | |
Fair Value, Total | 1,101 | |
Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 64 | 2 |
Fair Value, Less Than 12 Months | 6,464 | 2,912 |
Gross Unrealized Losses, 12 Months Or More | 174 | 140 |
Fair Value, 12 Months Or More | 2,326 | 2,360 |
Gross Unrealized Losses, Total | 238 | 142 |
Fair Value, Total | $ 8,790 | $ 5,272 |
Loans - Summary of Loans (Detai
Loans - Summary of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | $ 534,861 | $ 516,300 |
Deferred loan costs | 566 | 530 |
Total loans | 535,427 | 516,830 |
Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 142,019 | 140,273 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 182,034 | 179,663 |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 162,184 | 157,172 |
Construction & Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 30,706 | 22,886 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | $ 17,918 | $ 16,306 |
Loans - Additional Information
Loans - Additional Information (Detail) | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Dec. 31, 2016USD ($)Contract | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans serviced for others | $ 85,400,000 | $ 82,700,000 | |
Concentrations of loans related to a single industry | 0 | 0 | |
Loans classified as troubled debt restructurings | 2,800,000 | 2,900,000 | |
Reserves allocated to customers whose loan terms are modified in troubled debt restructurings | 38,000 | 38,000 | |
Loans payable in nonaccrual of interest status | 833,000 | ||
Mortgage loans in process of foreclosure amount | 35,000 | 114,000 | |
Other real estate real estate acquired through foreclosure | 0 | $ 0 | |
Outstanding balance of commercial loans classified under credit risk, minimum amount | 300,000 | ||
Loans listed as not rated under risk category, maximum amount | 300,000 | ||
Commercial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans restructured, subsequently defaulted | $ 3,300,000 | ||
Loans restructured, subsequently defaulted | Contract | 1 | ||
Performing [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans classified as troubled debt restructurings | $ 1,900,000 |
Loans - Schedule of Allowances
Loans - Schedule of Allowances for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | $ 5,633 | $ 5,454 | $ 5,604 | $ 5,291 |
Provision for loan losses | 324 | 845 | 648 | 685 |
Charge-offs | (45) | (34) | (348) | (47) |
Recoveries | 6 | 24 | 14 | 360 |
Net charge-offs | (39) | (10) | (334) | 313 |
Ending balance | 5,918 | 6,289 | 5,918 | 6,289 |
Commercial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 1,884 | 1,704 | 1,813 | 2,207 |
Provision for loan losses | (31) | 675 | 226 | (156) |
Charge-offs | (9) | (32) | (203) | (40) |
Recoveries | 5 | 15 | 13 | 351 |
Net charge-offs | (4) | (17) | (190) | 311 |
Ending balance | 1,849 | 2,362 | 1,849 | 2,362 |
Commercial Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 1,699 | 1,538 | 1,735 | 1,264 |
Provision for loan losses | (87) | 180 | (61) | 454 |
Charge-offs | 0 | (62) | ||
Recoveries | 0 | 0 | ||
Net charge-offs | 0 | (62) | ||
Ending balance | 1,612 | 1,718 | 1,612 | 1,718 |
Residential Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 1,196 | 1,303 | 1,273 | 1,189 |
Provision for loan losses | 39 | (47) | (1) | 67 |
Charge-offs | 0 | (37) | ||
Recoveries | 1 | 8 | 1 | 8 |
Net charge-offs | 1 | 8 | (36) | 8 |
Ending balance | 1,236 | 1,264 | 1,236 | 1,264 |
Construction & Land Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 244 | 184 | 237 | 178 |
Provision for loan losses | 35 | 38 | 42 | 44 |
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Net charge-offs | 0 | 0 | ||
Ending balance | 279 | 222 | 279 | 222 |
Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 188 | 165 | 175 | 141 |
Provision for loan losses | 107 | 18 | 130 | 47 |
Charge-offs | (36) | (2) | (46) | (7) |
Recoveries | 0 | 1 | 0 | 1 |
Net charge-offs | (36) | (1) | (46) | (6) |
Ending balance | 259 | 182 | 259 | 182 |
Unallocated [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 422 | 560 | 371 | 312 |
Provision for loan losses | 261 | (19) | 312 | 229 |
Ending balance | $ 683 | $ 541 | $ 683 | $ 541 |
Loans - Allowances for Loan Los
Loans - Allowances for Loan Losses and Ending Balances by Portfolio Class and Based on Impairment Method (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment | $ 66 | $ 244 | ||||
Collectively evaluated for impairment | 5,852 | 5,360 | ||||
Total ending allowance balance | 5,918 | $ 5,633 | 5,604 | $ 6,289 | $ 5,454 | $ 5,291 |
Loans: | ||||||
Loans individually evaluated for impairment | 5,928 | 7,882 | ||||
Loans collectively evaluated for impairment | 528,933 | 508,418 | ||||
Total ending loans balance | 534,861 | 516,300 | ||||
Commercial [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment | 4 | 74 | ||||
Collectively evaluated for impairment | 1,845 | 1,739 | ||||
Total ending allowance balance | 1,849 | 1,884 | 1,813 | 2,362 | 1,704 | 2,207 |
Loans: | ||||||
Loans individually evaluated for impairment | 1,096 | 1,726 | ||||
Loans collectively evaluated for impairment | 140,923 | 138,547 | ||||
Total ending loans balance | 142,019 | 140,273 | ||||
Commercial Real Estate [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment | 46 | 151 | ||||
Collectively evaluated for impairment | 1,566 | 1,584 | ||||
Total ending allowance balance | 1,612 | 1,699 | 1,735 | 1,718 | 1,538 | 1,264 |
Loans: | ||||||
Loans individually evaluated for impairment | 3,458 | 4,686 | ||||
Loans collectively evaluated for impairment | 178,576 | 174,977 | ||||
Total ending loans balance | 182,034 | 179,663 | ||||
Residential Real Estate [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment | 16 | 19 | ||||
Collectively evaluated for impairment | 1,220 | 1,254 | ||||
Total ending allowance balance | 1,236 | 1,196 | 1,273 | 1,264 | 1,303 | 1,189 |
Loans: | ||||||
Loans individually evaluated for impairment | 1,374 | 1,470 | ||||
Loans collectively evaluated for impairment | 160,810 | 155,702 | ||||
Total ending loans balance | 162,184 | 157,172 | ||||
Construction & Land Development [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Collectively evaluated for impairment | 279 | 237 | ||||
Total ending allowance balance | 279 | 244 | 237 | 222 | 184 | 178 |
Loans: | ||||||
Loans collectively evaluated for impairment | 30,706 | 22,886 | ||||
Total ending loans balance | 30,706 | 22,886 | ||||
Consumer [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Collectively evaluated for impairment | 259 | 175 | ||||
Total ending allowance balance | 259 | 188 | 175 | 182 | 165 | 141 |
Loans: | ||||||
Loans collectively evaluated for impairment | 17,918 | 16,306 | ||||
Total ending loans balance | 17,918 | 16,306 | ||||
Unallocated [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Collectively evaluated for impairment | 683 | 371 | ||||
Total ending allowance balance | $ 683 | $ 422 | $ 371 | $ 541 | $ 560 | $ 312 |
Loans - Schedule of Impairment
Loans - Schedule of Impairment by Class of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | $ 7,903 | $ 9,832 |
Recorded Investment with no Allowance | 5,257 | 5,565 |
Recorded Investment with Allowance | 682 | 2,317 |
Total Recorded Investment | 5,939 | 7,882 |
Related Allowance | 66 | 244 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 2,722 | 3,352 |
Recorded Investment with no Allowance | 1,093 | 1,329 |
Recorded Investment with Allowance | 4 | 399 |
Total Recorded Investment | 1,097 | 1,728 |
Related Allowance | 4 | 74 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 3,656 | 4,826 |
Recorded Investment with no Allowance | 3,145 | 3,117 |
Recorded Investment with Allowance | 319 | 1,566 |
Total Recorded Investment | 3,464 | 4,683 |
Related Allowance | 46 | 151 |
Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 1,525 | 1,654 |
Recorded Investment with no Allowance | 1,019 | 1,119 |
Recorded Investment with Allowance | 359 | 352 |
Total Recorded Investment | 1,378 | 1,471 |
Related Allowance | $ 16 | $ 19 |
Loans - Schedule of Average Rec
Loans - Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Average recorded investment: | ||||
Average recorded investment in impaired loans | $ 5,021 | $ 7,934 | $ 6,373 | $ 7,038 |
Interest income recognized: | ||||
Interest income recognized on a cash basis on impaired loans | 26 | 34 | 55 | 63 |
Commercial [Member] | ||||
Average recorded investment: | ||||
Average recorded investment in impaired loans | 1,190 | 2,794 | 1,491 | 3,505 |
Interest income recognized: | ||||
Interest income recognized on a cash basis on impaired loans | 10 | 17 | 21 | 31 |
Commercial Real Estate [Member] | ||||
Average recorded investment: | ||||
Average recorded investment in impaired loans | 2,700 | 3,600 | 3,595 | 2,019 |
Interest income recognized: | ||||
Interest income recognized on a cash basis on impaired loans | 4 | 2 | 8 | 2 |
Residential Real Estate [Member] | ||||
Average recorded investment: | ||||
Average recorded investment in impaired loans | 1,131 | 1,540 | 1,287 | 1,514 |
Interest income recognized: | ||||
Interest income recognized on a cash basis on impaired loans | $ 12 | $ 15 | $ 26 | $ 30 |
Loans - Schedule of Aging of Pa
Loans - Schedule of Aging of Past Due and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | $ 529,186 | $ 508,392 |
Non-accrual | 4,317 | 6,081 |
Total past due and non-accrual | 5,675 | 7,908 |
Total ending loans balance | 534,861 | 516,300 |
30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 794 | 1,275 |
60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 482 | 111 |
90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 82 | 441 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 141,180 | 138,908 |
Non-accrual | 721 | 1,152 |
Total past due and non-accrual | 839 | 1,365 |
Total ending loans balance | 142,019 | 140,273 |
Commercial [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 43 | 148 |
Commercial [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 75 | 65 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 178,927 | 175,062 |
Non-accrual | 3,052 | 4,384 |
Total past due and non-accrual | 3,107 | 4,601 |
Total ending loans balance | 182,034 | 179,663 |
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 55 | 177 |
Commercial Real Estate [Member] | 90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 40 | |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 160,667 | 155,488 |
Non-accrual | 524 | 488 |
Total past due and non-accrual | 1,517 | 1,684 |
Total ending loans balance | 162,184 | 157,172 |
Residential Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 585 | 757 |
Residential Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 326 | 38 |
Residential Real Estate [Member] | 90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 82 | 401 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 30,706 | 22,886 |
Total ending loans balance | 30,706 | 22,886 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 17,706 | 16,048 |
Non-accrual | 20 | 57 |
Total past due and non-accrual | 212 | 258 |
Total ending loans balance | 17,918 | 16,306 |
Consumer [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 111 | 193 |
Consumer [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 81 | $ 8 |
Loans - Summary of Troubled Deb
Loans - Summary of Troubled Debt Restructurings (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jul. 07, 2018USD ($)Contract | Jun. 30, 2017USD ($)Contract | Jun. 30, 2018USD ($)Contract | Jun. 30, 2017USD ($)Contract | |
Financing Receivable, Modifications [Line Items] | ||||
Number of loans restructured | Contract | 1 | 5 | 1 | 5 |
Pre-Modification Recorded Investment | $ 200 | $ 302 | $ 200 | $ 302 |
Post-Modification Recorded Investment | $ 200 | $ 302 | $ 200 | $ 302 |
Commercial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans restructured | Contract | 1 | 1 | ||
Pre-Modification Recorded Investment | $ 200 | $ 200 | ||
Post-Modification Recorded Investment | $ 200 | $ 200 | ||
Commercial Real Estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans restructured | Contract | 4 | 4 | ||
Pre-Modification Recorded Investment | $ 288 | $ 288 | ||
Post-Modification Recorded Investment | $ 288 | $ 288 | ||
Residential Real Estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans restructured | Contract | 1 | 1 | ||
Pre-Modification Recorded Investment | $ 14 | $ 14 | ||
Post-Modification Recorded Investment | $ 14 | $ 14 |
Loans - Summary of Loans by Cre
Loans - Summary of Loans by Credit Quality Indicator (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 534,861 | $ 516,300 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 142,019 | 140,273 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 182,034 | 179,663 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 162,184 | 157,172 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 30,706 | 22,886 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 17,918 | 16,306 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 310,553 | 297,543 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 119,590 | 116,833 |
Pass [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 164,149 | 162,012 |
Pass [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 200 | 205 |
Pass [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 26,614 | 18,493 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 13,684 | 22,785 |
Special Mention [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 4,850 | 13,685 |
Special Mention [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 8,834 | 8,220 |
Special Mention [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 880 | |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 24,709 | 17,988 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 16,564 | 8,841 |
Substandard [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 7,858 | 8,620 |
Substandard [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 266 | 470 |
Substandard [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 21 | 57 |
Not Rated [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 185,915 | 177,984 |
Not Rated [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 1,015 | 914 |
Not Rated [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 1,193 | 811 |
Not Rated [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 161,718 | 156,497 |
Not Rated [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 4,092 | 3,513 |
Not Rated [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 17,897 | $ 16,249 |
Loans - Schedule of Loans Not R
Loans - Schedule of Loans Not Rated by Class of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | $ 185,915 | $ 178,041 |
Commercial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 1,015 | 914 |
Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 1,193 | 811 |
Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 161,718 | 156,497 |
Construction & Land Development [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 4,092 | 3,513 |
Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 17,897 | 16,306 |
Performing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 185,289 | 177,095 |
Performing [Member] | Commercial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 1,015 | 914 |
Performing [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 1,193 | 811 |
Performing [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 161,112 | 155,608 |
Performing [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 4,092 | 3,513 |
Performing [Member] | Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 17,877 | 16,249 |
Nonperforming [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 626 | 946 |
Nonperforming [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 606 | 889 |
Nonperforming [Member] | Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | $ 20 | $ 57 |
Short-Term Borrowings - Summary
Short-Term Borrowings - Summary of Repurchase Agreements Accounted for as Secured Borrowings (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Short-term Debt [Abstract] | ||
Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value | $ 44,343 | $ 39,637 |
Repurchase agreements | $ 44,155 | $ 39,480 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
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) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | $ 90,808 | |
Equity Securities | 94 | $ 89 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 90,808 | 97,663 |
Equity Securities | 94 | 89 |
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Security [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 992 | 998 |
Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 8,091 | 8,229 |
Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 44,739 | 49,701 |
Fair Value, Measurements, Recurring [Member] | Asset-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 1,101 | 1,169 |
Fair Value, Measurements, Recurring [Member] | State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 26,117 | 27,141 |
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 9,768 | 10,425 |
Level I [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 992 | 998 |
Equity Securities | 48 | 89 |
Level I [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Treasury Security [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 992 | 998 |
Level II [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 89,816 | 96,665 |
Level II [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 8,091 | 8,229 |
Level II [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 44,739 | 49,701 |
Level II [Member] | Fair Value, Measurements, Recurring [Member] | Asset-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 1,101 | 1,169 |
Level II [Member] | Fair Value, Measurements, Recurring [Member] | State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 26,117 | 27,141 |
Level II [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 9,768 | $ 10,425 |
Level III [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | $ 46 |
Fair Value Measurements - Sch40
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 | Jun. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 616 | $ 2,073 |
Level III [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 616 | $ 2,073 |
Fair Value Measurements - Sch41
Fair Value Measurements - Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Level III [Member] - Impaired Loans [Member] $ in Thousands | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Valuation Technique, Discounted Cash Flow [Member] | ||
Marketable Securities [Line Items] | ||
Fair Value Estimate | $ 583 | $ 551 |
Valuation Technique, Discounted Cash Flow [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member] | ||
Marketable Securities [Line Items] | ||
Alternative investment, measurement input | 3.5 | 4.4 |
Valuation Technique, Discounted Cash Flow [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member] | ||
Marketable Securities [Line Items] | ||
Alternative investment, measurement input | 7.5 | 7.5 |
Valuation Technique, Discounted Cash Flow [Member] | Weighted Average [Member] | Measurement Input, Discount Rate [Member] | ||
Marketable Securities [Line Items] | ||
Alternative investment, measurement input | 5.1 | 5.3 |
Appraisal of Collateral [Member] | ||
Marketable Securities [Line Items] | ||
Fair Value Estimate | $ 33 | $ 1,522 |
Alternative investment, measurement input | 10 | 10 |
Appraisal of Collateral [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Marketable Securities [Line Items] | ||
Alternative investment, measurement input | 25 | 6 |
Appraisal of Collateral [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Marketable Securities [Line Items] | ||
Alternative investment, measurement input | 100 | 100 |
Appraisal of Collateral [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Marketable Securities [Line Items] | ||
Alternative investment, measurement input | 85 | 7 |
Fair Values of Financial Inst42
Fair Values of Financial Instruments - Schedule of Fair Values of Recognized Financial Instruments (Detail) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financial assets | ||
Securities available-for-sale | $ 90,808 | $ 97,663 |
Securities held-to-maturity | 21,173 | 25,491 |
Equity Securities | 94 | 89 |
Loans held for sale | 100 | 246 |
Bank-owned life insurance | 13,384 | 13,218 |
Carrying Value [Member] | ||
Financial assets | ||
Cash and cash equivalents | 43,231 | 36,420 |
Securities available-for-sale | 90,808 | 97,663 |
Securities held-to-maturity | 21,882 | 25,758 |
Equity Securities | 94 | 89 |
Restricted stock | 4,614 | 4,614 |
Loans held for sale | 100 | 246 |
Net loans | 529,509 | 511,226 |
Bank-owned life insurance | 13,384 | 13,218 |
Accrued interest receivable | 1,555 | 1,545 |
Financial liabilities | ||
Deposits | 595,073 | 583,259 |
Short-term borrowings | 44,155 | 39,480 |
Other borrowings | 8,827 | 11,409 |
Accrued interest payable | 66 | |
Carrying Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 270 | 270 |
Fair Value [Member] | ||
Financial assets | ||
Cash and cash equivalents | 43,231 | 36,420 |
Securities available-for-sale | 90,808 | 97,663 |
Securities held-to-maturity | 21,173 | 25,491 |
Equity Securities | 94 | 89 |
Loans held for sale | 100 | 246 |
Net loans | 524,812 | 513,106 |
Bank-owned life insurance | 13,384 | 13,218 |
Accrued interest receivable | 1,555 | 1,545 |
Financial liabilities | ||
Deposits | 592,681 | 583,691 |
Short-term borrowings | 44,155 | 39,480 |
Other borrowings | 8,136 | 10,365 |
Accrued interest payable | 66 | |
Fair Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 270 | 270 |
Fair Value [Member] | Level I [Member] | ||
Financial assets | ||
Cash and cash equivalents | 43,231 | 36,420 |
Securities available-for-sale | 992 | 998 |
Equity Securities | 48 | 89 |
Loans held for sale | 100 | 246 |
Bank-owned life insurance | 13,384 | 13,218 |
Accrued interest receivable | 1,555 | 1,545 |
Financial liabilities | ||
Deposits | 478,654 | 473,467 |
Short-term borrowings | 44,155 | 39,480 |
Accrued interest payable | 66 | |
Fair Value [Member] | Level II [Member] | ||
Financial assets | ||
Securities available-for-sale | 89,816 | 96,665 |
Securities held-to-maturity | 21,173 | 25,491 |
Fair Value [Member] | Level III [Member] | ||
Financial assets | ||
Equity Securities | 46 | |
Net loans | 524,812 | 513,106 |
Financial liabilities | ||
Deposits | 114,027 | 110,224 |
Other borrowings | 8,136 | 10,365 |
Fair Value [Member] | Level III [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | $ 270 | $ 270 |
Fair Values of Financial Inst43
Fair Values of Financial Instruments - Summary of Equity Investments (Detail) $ in Thousands | Jun. 30, 2018USD ($) |
Year To Date [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Amortized cost | $ 44 |
Impairment | 0 |
Observable price changes | 2 |
Carrying value | 46 |
Life To Date [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Amortized cost | 44 |
Impairment | 0 |
Observable price changes | 2 |
Carrying value | $ 46 |
Fair Values of Financial Inst44
Fair Values of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions | Jun. 30, 2018 | Dec. 31, 2017 |
Fair Value Disclosures [Abstract] | ||
Commitments to extend credit and letters of credit | $ 174.7 | $ 178.2 |
Accumulated Other Comprehensi45
Accumulated Other Comprehensive Income (loss) - Schedule of Changes in Accumulated Other Comprehensive (Loss) Income by Component Net of Tax (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Pretax | $ (156) | $ 916 | $ (1,467) | $ 1,386 |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Tax Effect | (29) | 321 | (300) | 492 |
Beginning balance, After-tax | (663) | |||
Other comprehensive (loss) income | (107) | 621 | (1,126) | 952 |
Ending Balance, After-tax | (1,818) | (1,818) | ||
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance, Pretax | (2,165) | (821) | (839) | (1,323) |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Pretax | (156) | 916 | (1,539) | 1,386 |
Reclassify equity AOCI gain to retained earnings, Pretax | 36 | |||
Amortization of held-to-maturity discount resulting from transfer, Pretax | 20 | 26 | 41 | 58 |
Total other comprehensive income, Pretax | (136) | 942 | (1,462) | 1,444 |
Ending balance, Pretax | (2,301) | 121 | (2,301) | 121 |
Beginning balance, Tax Effect | 454 | 278 | 176 | 449 |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Tax Effect | 33 | (312) | 323 | (471) |
Reclassify equity AOCI gain to retained earnings, Tax Effect | (7) | |||
Amortization of held-to-maturity discount resulting from transfer, Tax Effect | (4) | (9) | (9) | (21) |
Total other comprehensive income, Tax Effect | 29 | (321) | 307 | (492) |
Ending Balance, Tax Effect | 483 | (43) | 483 | (43) |
Beginning balance, After-tax | (1,711) | (543) | (663) | (874) |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, After-tax | (123) | 604 | (1,216) | 915 |
Reclassify equity AOCI gain to retained earnings, After-tax | 29 | |||
Amortization of held-to-maturity discount resulting from transfer, After-tax | 16 | 17 | 32 | 37 |
Other comprehensive (loss) income | (107) | 621 | (1,155) | 952 |
Ending Balance, After-tax | $ (1,818) | $ 78 | $ (1,818) | $ 78 |