Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 01, 2019 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | CSBB | |
Entity Registrant Name | CSB BANCORP INC /OH | |
Entity Central Index Key | 0000880417 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 2,742,350 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Cash and cash equivalents | ||
Cash and due from banks | $ 15,110 | $ 23,214 |
Interest-earning deposits in other banks | 29,133 | 22,350 |
Total cash and cash equivalents | 44,243 | 45,564 |
Securities | ||
Available-for-sale, at fair value | 86,378 | 85,528 |
Held-to-maturity (fair value 2019-$19,948; 2018-$20,118) | 20,218 | 20,688 |
Equity Securities | 89 | 83 |
Restricted stock, at cost | 4,614 | 4,614 |
Total securities | 111,299 | 110,913 |
Loans held for sale | 140 | 108 |
Loans | 548,220 | 548,974 |
Less allowance for loan losses | 6,287 | 5,907 |
Net loans | 541,933 | 543,067 |
Premises and equipment, net | 10,800 | 9,961 |
Core deposit intangible | 151 | 167 |
Goodwill | 4,728 | 4,728 |
Bank-owned life insurance | 16,638 | 13,554 |
Accrued interest receivable and other assets | 4,913 | 3,660 |
TOTAL ASSETS | 734,845 | 731,722 |
Deposits | ||
Noninterest-bearing | 177,404 | 185,871 |
Interest-bearing | 429,938 | 420,627 |
Total deposits | 607,342 | 606,498 |
Short-term borrowings | 36,324 | 37,415 |
Other borrowings | 8,373 | 8,525 |
Accrued interest payable and other liabilities | 3,839 | 2,748 |
Total liabilities | 655,878 | 655,186 |
SHAREHOLDERS' EQUITY | ||
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding shares (2019 and 2018 - 2,742,242) | 18,629 | 18,629 |
Additional paid-in capital | 9,815 | 9,815 |
Retained earnings | 56,115 | 54,288 |
Treasury stock at cost (shares 2019 and 2018 - 238,360) | (4,784) | (4,784) |
Accumulated other comprehensive loss | (808) | (1,412) |
Total shareholders' equity | 78,967 | 76,536 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 734,845 | $ 731,722 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Held-to-maturity, fair value | $ 19,948 | $ 20,118 |
Common stock, par value | $ 6.25 | $ 6.25 |
Common stock, authorized shares | 9,000,000 | 9,000,000 |
Common stock, shares issued | 2,980,602 | 2,980,602 |
Common stock, shares outstanding | 2,742,242 | 2,742,242 |
Treasury stock, at cost | 238,360 | 238,360 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
INTEREST AND DIVIDEND INCOME | ||
Loans, including fees | $ 7,072 | $ 6,140 |
Taxable securities | 587 | 603 |
Nontaxable securities | 134 | 161 |
Other | 175 | 45 |
Total interest and dividend income | 7,968 | 6,949 |
INTEREST EXPENSE | ||
Deposits | 825 | 455 |
Short-term borrowings | 93 | 53 |
Other borrowings | 39 | 52 |
Total interest expense | 957 | 560 |
NET INTEREST INCOME | 7,011 | 6,389 |
Provision for loan losses | 285 | 324 |
Net interest income, after provision for loan losses | 6,726 | 6,065 |
NONINTEREST INCOME | ||
Gain on sale of loans, net | 79 | 77 |
Earnings on bank owned life insurance | 83 | 81 |
Unrealized gain or loss on equity securities | 6 | 4 |
Other income | 193 | 167 |
Total noninterest income | 1,224 | 1,145 |
NONINTEREST EXPENSES | ||
Salaries and employee benefits | 2,842 | 2,637 |
Occupancy expense | 204 | 219 |
Equipment expense | 137 | 156 |
Professional and director fees | 339 | 311 |
Financial institutions and franchise tax expense | 153 | 142 |
Marketing and public relations | 117 | 120 |
Software expense | 218 | 213 |
Debit card expense | 127 | 116 |
Amortization of intangible assets | 16 | 25 |
FDIC insurance expense | 50 | 75 |
Other expenses | 588 | 523 |
Total noninterest expenses | 4,791 | 4,537 |
Income before income taxes | 3,159 | 2,673 |
FEDERAL INCOME TAX PROVISION | 619 | 509 |
NET INCOME | $ 2,540 | $ 2,164 |
Basic and diluted net earnings per share | $ 0.93 | $ 0.79 |
Deposit Account [Member] | ||
NONINTEREST INCOME | ||
Noninterest income | $ 292 | $ 284 |
Fiduciary and Trust [Member] | ||
NONINTEREST INCOME | ||
Noninterest income | 224 | 219 |
Debit Card [Member] | ||
NONINTEREST INCOME | ||
Noninterest income | $ 347 | $ 313 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 2,540 | $ 2,164 |
Other comprehensive income (loss) | ||
Unrealized gains (losses) arising during the period | 749 | (1,312) |
Amounts reclassified from accumulated other comprehensive income, held-to-maturity | 15 | 22 |
Income tax effect | (160) | 271 |
Other comprehensive income (loss) | 604 | (1,019) |
Total comprehensive income | $ 3,144 | $ 1,145 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-In Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Loss [Member] |
Balance at beginning of period at Dec. 31, 2017 | $ 70,532 | $ 18,629 | $ 9,815 | $ 47,535 | $ (4,784) | $ (663) |
Net income | 2,164 | 2,164 | ||||
Other comprehensive income (loss) | (1,019) | (1,019) | ||||
Cumulative effect adjustment equity securities, related to ASU 2016-01 | 29 | (29) | ||||
Cash dividends declared | (658) | (658) | ||||
Balance at end of period at Mar. 31, 2018 | 71,019 | 18,629 | 9,815 | 49,070 | (4,784) | (1,711) |
Balance at beginning of period at Dec. 31, 2018 | 76,536 | 18,629 | 9,815 | 54,288 | (4,784) | (1,412) |
Net income | 2,540 | 2,540 | ||||
Other comprehensive income (loss) | 604 | 604 | ||||
Cash dividends declared | (713) | (713) | ||||
Balance at end of period at Mar. 31, 2019 | $ 78,967 | $ 18,629 | $ 9,815 | $ 56,115 | $ (4,784) | $ (808) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Statement of Stockholders' Equity [Abstract] | ||
Cash dividends declared per share | $ 0.26 | $ 0.24 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Statement of Cash Flows [Abstract] | ||
NET CASH FROM OPERATING ACTIVITIES | $ 1,894 | $ 2,308 |
Securities: | ||
Proceeds from repayments, available-for-sale | 1,836 | 2,034 |
Proceeds from repayments, held-to-maturity | 477 | 5,312 |
Purchases, available-for-sale | (2,023) | |
Purchases, held-to-maturity | (2,029) | |
Loan originations, net of repayments | 870 | (14,155) |
Property, equipment, and software acquisitions | (976) | (143) |
Purchase of bank-owned life insurance | (3,000) | |
Net cash used in investing activities | (2,816) | (8,981) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net change in deposits | 844 | (6,841) |
Net change in short-term borrowings | (1,091) | (1,130) |
Repayment of other borrowings | (152) | (187) |
Net cash used in financing activities | (399) | (8,158) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (1,321) | (14,831) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 45,564 | 36,420 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 44,243 | 21,589 |
Cash paid during the year for: | ||
Interest | 921 | 572 |
Income taxes | 0 | 0 |
Noncash financing activities: | ||
Dividends declared | 713 | $ 658 |
Lease adoption: | ||
Right of Use Lease Asset | 464 | |
Lease Liability | $ 429 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying condensed consolidated financial statements include the accounts of CSB Bancorp, Inc. and its wholly-owned subsidiaries, The Commercial and Savings Bank (the “Bank”) and CSB Investment Services, LLC (together referred to as the “Company” or “CSB”). All significant intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements have been prepared without audit. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present fairly the Company’s financial position at March 31, 2019, 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, 2018, contains Consolidated Financial Statements and related footnote disclosures, which should be read in conjunction with the accompanying Consolidated Financial Statements. The results of operations for the period ended March 31, 2019 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 2016-02 right-of-use The Update and its related amendments were adopted as of January 1, 2019, which resulted in the recognition of operating right-of-use 2018-11 RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS ASU 2016-13 one-time one-time ASU 2017-04 ASU 2018-13 ASU 2018-15 Internal-Use internal-use internal-use internal-use ASU 2019-01 . 250-10-50-3 |
Securities
Securities | 3 Months Ended |
Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | NOTE 2 – SECURITIES Securities consist of the following at March 31, 2019 and December 31, 2018: (Dollars in thousands) Amortized Gross Gross Fair value March 31, 2019 Available-for-sale U.S. Treasury security $ 999 $ — $ 1 $ 998 U.S. Government agencies 7,350 — 102 7,248 Mortgage-backed securities of government agencies 45,997 59 532 45,524 Asset-backed securities of government agencies 1,012 — 16 996 State and political subdivisions 23,166 185 32 23,319 Corporate bonds 8,636 2 345 8,293 Total available-for-sale 87,160 246 1,028 86,378 Held-to-maturity U.S. Government agencies 9,483 11 206 9,288 Mortgage-backed securities of government agencies 10,735 71 146 10,660 Total held-to-maturity 20,218 82 352 19,948 Equity securities 53 36 — 89 Restricted stock 4,614 — — 4,614 Total securities $ 112,045 $ 364 $ 1,380 $ 111,029 December 31, 2018 Available-for-sale U.S. Treasury security $ 997 $ — $ 1 $ 996 U.S. Government agencies 7,350 — 180 7,170 Mortgage-backed securities of government agencies 45,744 41 884 44,901 Asset-backed securities of government agencies 1,040 — 16 1,024 State and political subdivisions 23,282 49 206 23,125 Corporate bonds 8,646 — 334 8,312 Total available-for-sale 87,059 90 1,621 85,528 Held-to-maturity U.S. Government agencies 9,482 6 390 9,098 Mortgage-backed securities of government agencies 11,206 28 214 11,020 Total held-to-maturity 20,688 34 604 20,118 Equity securities 53 30 — 83 Restricted stock 4,614 — — 4,614 Total securities $ 112,414 $ 154 $ 2,225 $ 110,343 The amortized cost and fair value of debt securities at March 31, 2019, 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 $ 3,477 $ 3,480 Due after one through five years 20,264 20,224 Due after five through ten years 22,565 22,374 Due after ten years 40,854 40,300 Total debt securities available-for-sale $ 87,160 $ 86,378 Held-to-maturity Due after one through five years $ 484 $ 495 Due after five through ten years 3,000 2,917 Due after ten years 16,734 16,536 Total debt securities held-to-maturity $ 20,218 $ 19,948 Securities with a fair value of approximately $82.4 million and $83.4 million were pledged at March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018. Federal Reserve Bank stock was $471 thousand at March 31, 2019 and December 31, 2018. There were no proceeds from sales of securities for the three month periods ending March 31, 2019 and 2018. The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2019 and December 31, 2018: 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 March 31, 2019 Available-for-sale U.S. Treasury security $ 1 $ 998 $ — $ — $ 1 $ 998 U.S. Government agencies — — 102 7,248 102 7,248 Mortgage-backed securities of government agencies 1 1,948 531 32,804 532 34,752 Asset-backed securities of government agencies — — 16 996 16 996 State and political subdivisions — — 32 3,302 32 3,302 Corporate bonds 1 574 344 6,717 345 7,291 Held-to-maturity U.S. Government agencies — — 206 8,793 206 8,793 Mortgage-backed securities of government agencies 32 473 114 4,094 146 4,567 Total temporarily impaired securities $ 35 $ 3,993 $ 1,345 $ 63,954 $ 1,380 $ 67,947 December 31, 2018 Available-for-sale U.S. Treasury security $ 1 $ 996 $ — $ — $ 1 $ 996 U.S. Government agencies — — 180 7,170 180 7,170 Mortgage-backed securities of government agencies 33 4,206 851 35,188 884 39,394 Asset-backed securities of government agencies 16 1,024 — — 16 1,024 State and political subdivisions 9 3,326 197 8,626 206 11,952 Corporate bonds 131 5,014 203 3,298 334 8,312 Held-to-maturity U.S. Government agencies — — 390 8,609 390 8,609 Mortgage-backed securities of government agencies 72 3,404 142 3,360 214 6,764 Total temporarily impaired securities $ 262 $ 17,970 $ 1,963 $ 66,251 $ 2,225 $ 84,221 There were 67 securities in an unrealized loss position at March 31, 2019, 62 of which were in a continuous loss position for twelve months or more. At least quarterly, the Company conducts a comprehensive security-level impairment assessment. The assessments are based on the nature of the securities, the extent and duration of the securities in an unrealized loss position, the extent and duration of the loss and management’s intent to sell or if it is more likely than not that management will be required to sell a security before recovery of its amortized cost basis, which may be maturity. Management believes the Company will fully recover the cost of these securities. It does not intend to sell these securities and likely will not be required to sell them before the anticipated recovery of the remaining amortized cost basis, which may be maturity. As a result, management concluded that these securities were not other-than-temporarily impaired at March 31, 2019. |
Loans
Loans | 3 Months Ended |
Mar. 31, 2019 | |
Receivables [Abstract] | |
Loans | NOTE 3 – LOANS Loans consist of the following: (Dollars in thousands) March 31, December 31, Commercial $ 144,793 $ 146,875 Commercial real estate 192,663 183,605 Residential real estate 170,303 167,296 Construction & land development 20,792 31,227 Consumer 19,083 19,402 Total loans before deferred costs 547,634 548,405 Deferred loan costs 586 569 Total Loans $ 548,220 $ 548,974 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, mitigates 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 $94.5 million and $92.3 million at March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018, 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 months ended March 31, 2019 and 2018. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. The decrease in the provision for loan losses for the three months ended March 31, 2019 related to commercial loans was primarily due to a recovery related to one loan relationship which contributed to declining historical losses of loans in this category. The decrease in the provision related to construction and land development loans was primarily due to the decrease in loan balances as construction projects were completed and transferred to permanent financing. The increase in the provision for consumer loans was related to increasing charge-offs as well as an increase in historical losses partially offset by lower delinquencies. The increase in the provision for loan losses for the three months ended March 31, 2018 related to commercial loans was primarily due to the increase in substandard loans and the increase in loan volume of loans in this category. The decrease in the provision related to residential real estate loans is due to the decrease of loan delinquencies in this category. Summary of Allowance for Loan Losses (Dollars in thousands) Commercial Commercial Residential Construction & Consumer Unallocated Total Three months ended March 31, 2019 Beginning balance $ 2,178 $ 1,791 $ 1,245 $ 258 $ 306 $ 129 $ 5,907 Provision for loan losses (339 ) 17 (24 ) (88 ) 83 636 285 Charge-offs (5 ) — — — (65 ) (70 ) Recoveries 163 — 1 — 1 165 Net charge-offs 158 — 1 — (64 ) 95 Ending balance $ 1,997 $ 1,808 $ 1,222 $ 170 $ 325 $ 765 $ 6,287 Three months ended March 31, 2018 Beginning balance $ 1,813 $ 1,735 $ 1,273 $ 237 $ 175 $ 371 $ 5,604 Provision for loan losses 257 26 (40 ) 7 23 51 324 Charge-offs (194 ) (62 ) (37 ) — (10 ) (303 ) Recoveries 8 — — — — 8 Net charge-offs (186 ) (62 ) (37 ) — (10 ) (295 ) Ending balance $ 1,884 $ 1,699 $ 1,196 $ 244 $ 188 $ 422 $ 5,633 The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio class, based on the impairment method as of March 31, 2019 and December 31, 2018: (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total March 31, 2019 Allowance for loan losses: Individually evaluated for impairment $ 35 $ 16 $ 1 $ — $ — $ — $ 52 Collectively evaluated for impairment 1,962 1,792 1,221 170 325 765 6,235 Total ending allowance balance $ 1,997 $ 1,808 $ 1,222 $ 170 $ 325 $ 765 $ 6,287 Loans: Loans individually evaluated for impairment $ 1,139 $ 2,186 $ 975 $ — $ 17 $ 4,317 Loans collectively evaluated for impairment 143,654 190,477 169,328 20,792 19,066 543,317 Total ending loans balance $ 144,793 $ 192,663 $ 170,303 $ 20,792 $ 19,083 $ 547,634 December 31, 2018 Allowance for loan losses: Individually evaluated for impairment $ 36 $ 64 $ 1 $ — $ — $ — $ 101 Collectively evaluated for impairment 2,142 1,727 1,244 258 306 129 5,806 Total ending allowance balance $ 2,178 $ 1,791 $ 1,245 $ 258 $ 306 $ 129 $ 5,907 Loans: Loans individually evaluated for impairment $ 419 $ 2,403 $ 1,030 $ — $ — $ 3,852 Loans collectively evaluated for impairment 146,456 181,202 166,266 31,227 19,402 544,553 Total ending loans balance $ 146,875 $ 183,605 $ 167,296 $ 31,227 $ 19,402 $ 548,405 The following table presents loans individually evaluated for impairment by class of loans as of March 31, 2019 and December 31, 2018: (Dollars in thousands) Unpaid Recorded Recorded Total Related March 31, 2019 Commercial $ 1,536 $ 1,107 $ 35 $ 1,142 $ 35 Commercial real estate 2,412 1,985 211 2,196 16 Residential real estate 1,136 710 266 976 1 Consumer 17 17 — 17 — Total impaired loans $ 5,101 $ 3,819 $ 512 $ 4,331 $ 52 December 31, 2018 Commercial $ 815 $ 383 $ 36 $ 419 $ 36 Commercial real estate 2,616 1,976 433 2,409 64 Residential real estate 1,190 763 269 1,032 1 Total impaired loans $ 4,621 $ 3,122 $ 738 $ 3,860 $ 101 The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three months ended March 31, (Dollars in thousands) 2019 2018 Average recorded investment: Commercial $ 861 $ 1,792 Commercial real estate 2,289 4,490 Residential real estate 1,018 1,443 Consumer 3 — Average recorded investment in impaired loans $ 4,171 $ 7,725 Interest income recognized: Commercial $ 13 $ 11 Commercial real estate 3 4 Residential real estate 12 14 Consumer — — Interest income recognized on a cash basis on impaired loans $ 28 $ 29 The following table presents the aging of past due loans and nonaccrual loans as of March 31, 2019 and December 31, 2018 by class of loans: (Dollars in thousands) Current 30 - 59 60 - 89 90 Days + Non-Accrual Total Past Due and Non-Accrual Total Loans March 31, 2019 Commercial $ 144,376 $ 80 $ 41 $ — $ 296 $ 417 $ 144,793 Commercial real estate 190,656 85 — — 1,922 2,007 192,663 Residential real estate 169,122 253 — 73 855 1,181 170,303 Construction & land development 20,792 — — — — — 20,792 Consumer 18,833 190 18 — 42 250 19,083 Total Loans $ 543,779 $ 608 $ 59 $ 73 $ 3,115 $ 3,855 $ 547,634 December 31, 2018 Commercial $ 146,431 $ 253 $ 34 $ — $ 157 $ 444 $ 146,875 Commercial real estate 181,388 86 — — 2,131 2,217 183,605 Residential real estate 165,837 265 213 174 807 1,459 167,296 Construction & land development 31,169 58 — — — 58 31,227 Consumer 18,965 291 86 — 60 437 19,402 Total Loans $ 543,790 $ 953 $ 333 $ 174 $ 3,155 $ 4,615 $ 548,405 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 $2.2 million as of March 31, 2019, and $1.5 million as of December 31, 2018, with $17 thousand of specific reserves allocated to those loans at March 31, 2019 and December 31, 2018, respectively. At March 31, 2019, $1.9 million of the loans classified as TDR’s were performing in accordance with their modified terms. Of the remaining $271 thousand, all were in nonaccrual of interest status. Other real estate owned amounted to one property at $99 thousand at March 31, 2019 and December 31, 2018, respectively. Consumer mortgage loans in the process of foreclosure were $56 thousand at March 31, 2019 and $57 thousand at December 31, 2018. Other repossessed assets were $15 thousand at March 31, 2019. There were no other repossessed assets at December 31, 2018. (Dollars in thousands) Number of Pre- Modification Post- For the three months ended March 31, 2019 Consumer 1 $ 17 $ 17 Total Restructured Loans 1 $ 17 $ 17 The loans restructured were modified by changing the monthly payment to interest only and extending the maturity dates. There were no new TDR’s for the three month period ended March 31, 2018. There was one loan in the amount of $200 thousand restructured in 2018 that has subsequently defaulted in the first quarter of 2019. None of the loans restructured in 2017 defaulted in 2018. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis includes commercial loans with an outstanding balance greater than $300 thousand. This analysis is performed on an annual basis. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $300 thousand or are included in groups of homogeneous loans. Based on the most recent analysis performed, the risk category of loans by class is as follows as of March 31, 2019 and December 31, 2018: (Dollars in thousands) Pass Special Substandard Doubtful Not Rated Total March 31, 2019 Commercial $ 121,489 $ 4,730 $ 17,617 $ — $ 957 $ 144,793 Commercial real estate 172,041 5,272 14,027 — 1,323 192,663 Residential real estate 191 — 401 — 169,711 170,303 Construction & land development 17,852 — 121 — 2,819 20,792 Consumer — — 42 — 19,041 19,083 Total $ 311,573 $ 10,002 $ 32,208 $ — $ 193,851 $ 547,634 December 31, 2018 Commercial $ 125,840 $ 5,383 $ 14,775 $ — $ 877 $ 146,875 Commercial real estate 163,261 5,582 13,578 — 1,184 183,605 Residential real estate 194 — 637 — 166,465 167,296 Construction & land development 27,540 — — — 3,687 31,227 Consumer — — 60 — 19,342 19,402 Total $ 316,835 $ 10,965 $ 29,050 $ — $ 191,555 $ 548,405 The following table presents loans that are not rated by class of loans as of March 31, 2019 and December 31, 2019. Nonperforming loans include loans past due 90 days or more and loans on nonaccrual of interest status. (Dollars in thousands) Performing Non-Performing Total March 31, 2019 Commercial $ 957 $ — $ 957 Commercial real estate 1,323 — 1,323 Residential real estate 169,185 526 169,711 Construction & land development 2,819 — 2,819 Consumer 19,041 — 19,041 Total $ 193,325 $ 526 $ 193,851 December 31, 2018 Commercial $ 877 $ — $ 877 Commercial real estate 1,184 — 1,184 Residential real estate 166,122 343 166,465 Construction & land development 3,687 — 3,687 Consumer 19,342 — 19,342 Total $ 191,212 $ 343 $ 191,555 |
Short-Term Borrowings
Short-Term Borrowings | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Short-Term Borrowings | NOTE 4 – SHORT-TERM BORROWINGS The following table provides additional detail regarding repurchase agreements accounted for as secured borrowings. Remaining Contractual Maturity Overnight and Continuous (Dollars in thousands) March 31, December 31, Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value $ 36,439 $ 37,574 Repurchase agreements 36,324 37,415 |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31, 2019 and December 31, 2018 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 March 31, 2019 Assets: Securities available-for-sale U.S. Treasury security $ 998 $ — $ — $ 998 U.S. Government agencies — 7,248 — 7,248 Mortgage-backed securities of government agencies — 45,524 — 45,524 Asset-backed securities of government agencies — 996 — 996 State and political subdivisions — 23,319 — 23,319 Corporate bonds — 8,293 — 8,293 Total available-for-sale $ 998 $ 85,380 $ — $ 86,378 Equity securities $ 43 $ — $ 46 $ 89 December 31, 2018 Assets: Securities available-for-sale U.S. Treasury security $ 996 $ — $ — $ 996 U.S. Government agencies — 7,170 — 7,170 Mortgage-backed securities of government agencies — 44,901 — 44,901 Asset-backed securities of government agencies — 1,024 — 1,024 State and political subdivisions — 23,125 — 23,125 Corporate bonds — 8,312 — 8,312 Total available-for-sale $ 996 $ 84,532 $ — $ 85,528 Equity securities $ 37 $ — $ 46 $ 83 The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of March 31, 2019 and December 31, 2018, by level within the fair value hierarchy. Impaired loans are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include: quoted market prices for identical assets classified as Level I inputs; and observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. (Dollars in thousands) Level I Level II Level III Total March 31, 2019 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 459 $ 459 Other real estate owned — — 99 99 December 31, 2018 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 636 $ 636 Other real estate owned — — 99 99 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 Unobservable Input Range (Weighted Average) March 31, 2019 Impaired loans $ 459 Discounted cash flow Remaining term Discount rate 11 mos to 26.3 yrs / (14.2 yrs) 5.1% to 7.5% / (5.7%) Other real estate owned 99 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) -33% -10% December 31, 2018 Impaired loans $ 636 Discounted cash flow Remaining term Discount rate 1.2 yrs to 26.5 yrs / (10.9 yrs) 5.1% to 7.5% / (5.88%) Other real estate owned 99 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) -33% -10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. |
Fair Values of Financial Instru
Fair Values of Financial Instruments | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31, 2019 and December 31, 2018 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value March 31, 2019 Financial assets Cash and cash equivalents $ 44,243 $ 44,243 $ — $ — $ 44,243 Securities available-for-sale 86,378 998 85,380 — 86,378 Securities held-to-maturity 20,218 — 19,948 — 19,948 Equity securities 89 43 — 46 89 Restricted stock 4,614 N/A N/A N/A N/A Loans held for sale 140 140 — — 140 Net loans 541,933 — — 545,737 545,737 Bank-owned life insurance 16,638 16,638 — — 16,638 Accrued interest receivable 1,915 1,915 — — 1,915 Mortgage servicing rights 290 — — 290 290 Financial liabilities Deposits $ 607,342 $ 486,114 $ — $ 120,051 $ 606,165 Short-term borrowings 36,324 36,324 — — 36,324 Other borrowings 8,373 — — 8,198 8,198 Accrued interest payable 125 125 — — 125 December 31, 2018 Financial assets Cash and cash equivalents $ 45,564 $ 45,564 $ — $ — $ 45,564 Securities available-for-sale 85,528 996 84,532 — 85,528 Securities held-to-maturity 20,688 — 20,118 — 20,118 Equity securities 83 37 — 46 83 Restricted stock 4,614 N/A N/A N/A N/A Loans held for sale 108 108 — — 108 Net loans 543,067 — — 543,076 543,076 Bank-owned life insurance 13,554 13,554 — — 13,554 Accrued interest receivable 1,581 1,581 — — 1,581 Mortgage servicing rights 281 — — 281 281 Financial liabilities Deposits $ 606,498 $ 490,007 $ — $ 114,434 $ 604,441 Short-term borrowings 37,415 37,415 — — 37,415 Other borrowings 8,525 — — 8,251 8,251 Accrued interest payable 88 88 — — 88 The Company also has unrecognized financial instruments at March 31, 2019 and December 31, 2018. These financial instruments relate to commitments to extend credit and letters of credit. The aggregated contract amount of such financial instruments was approximately $174.1 million at March 31, 2019 and $173.3 million at December 31, 2018. 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 determined with precision. Changes in assumptions could significantly affect these estimates. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 3 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Income (Loss) | NOTE 7 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in accumulated other comprehensive income (loss) by component net of tax for the three month period ended March 31, 2019 and 2018: (Dollars in thousands) Pretax Tax Effect After-tax Three months ended March 31, 2019 Balance as of December 31, 2018 $ (1,786 ) $ 374 $ (1,412 ) Unrealized holding gain (loss) on available-for-sale 749 (157 ) 592 Amortization of held-to-maturity 15 (3 ) 12 Total other comprehensive income (loss) 764 (160 ) 604 Balance as of March 31, 2019 $ (1,022 ) $ 214 $ (808 ) Three months ended March 31, 2018 Balance as of December 31, 2017 $ (839 ) $ 176 $ (663 ) Unrealized holding gain (loss) on available-for-sale (1,385 ) 291 (1,094 ) Amortization of held-to-maturity 22 (5 ) 17 Total other comprehensive income (loss) (1,363 ) 286 (1,077 ) Reclassify equity AOCI gain to retained earnings 37 (8 ) 29 Balance as of March 31, 2018 $ (2,165 ) $ 454 $ (1,711 ) |
Leases
Leases | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Leases | NOTE 8 – LEASES Operating leases in which the Company is the lessee are recorded as operating lease Right of Use (“ROU”) assets and operating lease liabilities, included in other assets and other liabilities, respectively, on the consolidated balance sheets. The Company does not currently have any finance leases. Operating lease ROU assets represent the right to use an underlying asset during the lease term and operating lease liabilities represent the obligation to make lease payments arising from the lease. The Company elected to adopt the transition method, which uses a modified retrospective transition approach. ROU assets and operating lease liabilities are recognized as of the date of adoption based on the present value of the remaining lease payments using a discount rate that represents the Company’s incremental borrowing rate at the date of initial application. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in occupancy and equipment expense in the consolidated statements of income and other comprehensive income. The leases relate to bank branches with remaining lease terms of generally 7 to 8 years. Certain lease arrangements contain extension options which are typically 5 years at the then fair market rental rates. As these extension options are generally considered reasonably certain of exercise, they are included in the lease term. As of March 31, 2019, operating lease ROU assets were $464 thousand and lease liabilities were $429 thousand. At March 31, 2019, CSB recognized $18 thousand in operating lease cost. The following table summarizes other information related to our operating leases: March 31, 2019 Weighted-average remaining lease term - operating leases in years 7.5 Weighted-average discount rate - operating leases 3.77 % The following table presents aggregate lease maturities and obligations as of March 31, 2019: (Dollars in thousands) March 31, 2019 2019 $ 27 2020 63 2021 71 2022 71 2023 71 2024 and thereafter 195 Total lease payments 498 Less: interest 69 Present value of lease liabilities $ 429 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Lease | ASU 2016-02 right-of-use The Update and its related amendments were adopted as of January 1, 2019, which resulted in the recognition of operating right-of-use 2018-11 |
Credit Losses | ASU 2016-13 one-time one-time |
Goodwill Impairment | ASU 2017-04 |
Fair Value Measurement | ASU 2018-13 |
Intangibles - Goodwill and Other | ASU 2018-15 Internal-Use internal-use internal-use internal-use |
Accounting Standards Update 2016-02 [Member] | |
Lease | ASU 2019-01 . 250-10-50-3 |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |
Summary of Securities Available-for-Sale and Restricted Stock | Securities consist of the following at March 31, 2019 and December 31, 2018: (Dollars in thousands) Amortized Gross Gross Fair value March 31, 2019 Available-for-sale U.S. Treasury security $ 999 $ — $ 1 $ 998 U.S. Government agencies 7,350 — 102 7,248 Mortgage-backed securities of government agencies 45,997 59 532 45,524 Asset-backed securities of government agencies 1,012 — 16 996 State and political subdivisions 23,166 185 32 23,319 Corporate bonds 8,636 2 345 8,293 Total available-for-sale 87,160 246 1,028 86,378 Held-to-maturity U.S. Government agencies 9,483 11 206 9,288 Mortgage-backed securities of government agencies 10,735 71 146 10,660 Total held-to-maturity 20,218 82 352 19,948 Equity securities 53 36 — 89 Restricted stock 4,614 — — 4,614 Total securities $ 112,045 $ 364 $ 1,380 $ 111,029 December 31, 2018 Available-for-sale U.S. Treasury security $ 997 $ — $ 1 $ 996 U.S. Government agencies 7,350 — 180 7,170 Mortgage-backed securities of government agencies 45,744 41 884 44,901 Asset-backed securities of government agencies 1,040 — 16 1,024 State and political subdivisions 23,282 49 206 23,125 Corporate bonds 8,646 — 334 8,312 Total available-for-sale 87,059 90 1,621 85,528 Held-to-maturity U.S. Government agencies 9,482 6 390 9,098 Mortgage-backed securities of government agencies 11,206 28 214 11,020 Total held-to-maturity 20,688 34 604 20,118 Equity securities 53 30 — 83 Restricted stock 4,614 — — 4,614 Total securities $ 112,414 $ 154 $ 2,225 $ 110,343 |
Summary of Amortized Cost and Fair Value of Debt Securities | The amortized cost and fair value of debt securities at March 31, 2019, 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 $ 3,477 $ 3,480 Due after one through five years 20,264 20,224 Due after five through ten years 22,565 22,374 Due after ten years 40,854 40,300 Total debt securities available-for-sale $ 87,160 $ 86,378 Held-to-maturity Due after one through five years $ 484 $ 495 Due after five through ten years 3,000 2,917 Due after ten years 16,734 16,536 Total debt securities held-to-maturity $ 20,218 $ 19,948 |
Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities | The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2019 and December 31, 2018: 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 March 31, 2019 Available-for-sale U.S. Treasury security $ 1 $ 998 $ — $ — $ 1 $ 998 U.S. Government agencies — — 102 7,248 102 7,248 Mortgage-backed securities of government agencies 1 1,948 531 32,804 532 34,752 Asset-backed securities of government agencies — — 16 996 16 996 State and political subdivisions — — 32 3,302 32 3,302 Corporate bonds 1 574 344 6,717 345 7,291 Held-to-maturity U.S. Government agencies — — 206 8,793 206 8,793 Mortgage-backed securities of government agencies 32 473 114 4,094 146 4,567 Total temporarily impaired securities $ 35 $ 3,993 $ 1,345 $ 63,954 $ 1,380 $ 67,947 December 31, 2018 Available-for-sale U.S. Treasury security $ 1 $ 996 $ — $ — $ 1 $ 996 U.S. Government agencies — — 180 7,170 180 7,170 Mortgage-backed securities of government agencies 33 4,206 851 35,188 884 39,394 Asset-backed securities of government agencies 16 1,024 — — 16 1,024 State and political subdivisions 9 3,326 197 8,626 206 11,952 Corporate bonds 131 5,014 203 3,298 334 8,312 Held-to-maturity U.S. Government agencies — — 390 8,609 390 8,609 Mortgage-backed securities of government agencies 72 3,404 142 3,360 214 6,764 Total temporarily impaired securities $ 262 $ 17,970 $ 1,963 $ 66,251 $ 2,225 $ 84,221 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Receivables [Abstract] | |
Summary of Loans | Loans consist of the following: (Dollars in thousands) March 31, December 31, Commercial $ 144,793 $ 146,875 Commercial real estate 192,663 183,605 Residential real estate 170,303 167,296 Construction & land development 20,792 31,227 Consumer 19,083 19,402 Total loans before deferred costs 547,634 548,405 Deferred loan costs 586 569 Total Loans $ 548,220 $ 548,974 |
Summary of Allowance for Loan Losses | Summary of Allowance for Loan Losses (Dollars in thousands) Commercial Commercial Residential Construction & Consumer Unallocated Total Three months ended March 31, 2019 Beginning balance $ 2,178 $ 1,791 $ 1,245 $ 258 $ 306 $ 129 $ 5,907 Provision for loan losses (339 ) 17 (24 ) (88 ) 83 636 285 Charge-offs (5 ) — — — (65 ) (70 ) Recoveries 163 — 1 — 1 165 Net charge-offs 158 — 1 — (64 ) 95 Ending balance $ 1,997 $ 1,808 $ 1,222 $ 170 $ 325 $ 765 $ 6,287 Three months ended March 31, 2018 Beginning balance $ 1,813 $ 1,735 $ 1,273 $ 237 $ 175 $ 371 $ 5,604 Provision for loan losses 257 26 (40 ) 7 23 51 324 Charge-offs (194 ) (62 ) (37 ) — (10 ) (303 ) Recoveries 8 — — — — 8 Net charge-offs (186 ) (62 ) (37 ) — (10 ) (295 ) Ending balance $ 1,884 $ 1,699 $ 1,196 $ 244 $ 188 $ 422 $ 5,633 |
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, based on the impairment method as of March 31, 2019 and December 31, 2018: (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total March 31, 2019 Allowance for loan losses: Individually evaluated for impairment $ 35 $ 16 $ 1 $ — $ — $ — $ 52 Collectively evaluated for impairment 1,962 1,792 1,221 170 325 765 6,235 Total ending allowance balance $ 1,997 $ 1,808 $ 1,222 $ 170 $ 325 $ 765 $ 6,287 Loans: Loans individually evaluated for impairment $ 1,139 $ 2,186 $ 975 $ — $ 17 $ 4,317 Loans collectively evaluated for impairment 143,654 190,477 169,328 20,792 19,066 543,317 Total ending loans balance $ 144,793 $ 192,663 $ 170,303 $ 20,792 $ 19,083 $ 547,634 December 31, 2018 Allowance for loan losses: Individually evaluated for impairment $ 36 $ 64 $ 1 $ — $ — $ — $ 101 Collectively evaluated for impairment 2,142 1,727 1,244 258 306 129 5,806 Total ending allowance balance $ 2,178 $ 1,791 $ 1,245 $ 258 $ 306 $ 129 $ 5,907 Loans: Loans individually evaluated for impairment $ 419 $ 2,403 $ 1,030 $ — $ — $ 3,852 Loans collectively evaluated for impairment 146,456 181,202 166,266 31,227 19,402 544,553 Total ending loans balance $ 146,875 $ 183,605 $ 167,296 $ 31,227 $ 19,402 $ 548,405 |
Schedule of Impairment by Class of Loans | The following table presents loans individually evaluated for impairment by class of loans as of March 31, 2019 and December 31, 2018: (Dollars in thousands) Unpaid Recorded Recorded Total Related March 31, 2019 Commercial $ 1,536 $ 1,107 $ 35 $ 1,142 $ 35 Commercial real estate 2,412 1,985 211 2,196 16 Residential real estate 1,136 710 266 976 1 Consumer 17 17 — 17 — Total impaired loans $ 5,101 $ 3,819 $ 512 $ 4,331 $ 52 December 31, 2018 Commercial $ 815 $ 383 $ 36 $ 419 $ 36 Commercial real estate 2,616 1,976 433 2,409 64 Residential real estate 1,190 763 269 1,032 1 Total impaired loans $ 4,621 $ 3,122 $ 738 $ 3,860 $ 101 |
Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized | The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three months ended March 31, (Dollars in thousands) 2019 2018 Average recorded investment: Commercial $ 861 $ 1,792 Commercial real estate 2,289 4,490 Residential real estate 1,018 1,443 Consumer 3 — Average recorded investment in impaired loans $ 4,171 $ 7,725 Interest income recognized: Commercial $ 13 $ 11 Commercial real estate 3 4 Residential real estate 12 14 Consumer — — Interest income recognized on a cash basis on impaired loans $ 28 $ 29 |
Schedule of Aging of Past Due and Nonaccrual Loans | The following table presents the aging of past due loans and nonaccrual loans as of March 31, 2019 and December 31, 2018 by class of loans: (Dollars in thousands) Current 30 - 59 60 - 89 90 Days + Non-Accrual Total Past Due and Non-Accrual Total Loans March 31, 2019 Commercial $ 144,376 $ 80 $ 41 $ — $ 296 $ 417 $ 144,793 Commercial real estate 190,656 85 — — 1,922 2,007 192,663 Residential real estate 169,122 253 — 73 855 1,181 170,303 Construction & land development 20,792 — — — — — 20,792 Consumer 18,833 190 18 — 42 250 19,083 Total Loans $ 543,779 $ 608 $ 59 $ 73 $ 3,115 $ 3,855 $ 547,634 December 31, 2018 Commercial $ 146,431 $ 253 $ 34 $ — $ 157 $ 444 $ 146,875 Commercial real estate 181,388 86 — — 2,131 2,217 183,605 Residential real estate 165,837 265 213 174 807 1,459 167,296 Construction & land development 31,169 58 — — — 58 31,227 Consumer 18,965 291 86 — 60 437 19,402 Total Loans $ 543,790 $ 953 $ 333 $ 174 $ 3,155 $ 4,615 $ 548,405 |
Summary of Troubled Debt Restructurings | Other real estate owned amounted to one property at $99 thousand at March 31, 2019 and December 31, 2018, respectively. Consumer mortgage loans in the process of foreclosure were $56 thousand at March 31, 2019 and $57 thousand at December 31, 2018. Other repossessed assets were $15 thousand at March 31, 2019. There were no other repossessed assets at December 31, 2018. (Dollars in thousands) Number of Pre- Modification Post- For the three months ended March 31, 2019 Consumer 1 $ 17 $ 17 Total Restructured Loans 1 $ 17 $ 17 |
Summary of Loans by Credit Quality Indicator | Based on the most recent analysis performed, the risk category of loans by class is as follows as of March 31, 2019 and December 31, 2018: (Dollars in thousands) Pass Special Substandard Doubtful Not Rated Total March 31, 2019 Commercial $ 121,489 $ 4,730 $ 17,617 $ — $ 957 $ 144,793 Commercial real estate 172,041 5,272 14,027 — 1,323 192,663 Residential real estate 191 — 401 — 169,711 170,303 Construction & land development 17,852 — 121 — 2,819 20,792 Consumer — — 42 — 19,041 19,083 Total $ 311,573 $ 10,002 $ 32,208 $ — $ 193,851 $ 547,634 December 31, 2018 Commercial $ 125,840 $ 5,383 $ 14,775 $ — $ 877 $ 146,875 Commercial real estate 163,261 5,582 13,578 — 1,184 183,605 Residential real estate 194 — 637 — 166,465 167,296 Construction & land development 27,540 — — — 3,687 31,227 Consumer — — 60 — 19,342 19,402 Total $ 316,835 $ 10,965 $ 29,050 $ — $ 191,555 $ 548,405 |
Schedule of Loans Not Rated by Class of Loans | The following table presents loans that are not rated by class of loans as of March 31, 2019 and December 31, 2019. Nonperforming loans include loans past due 90 days or more and loans on nonaccrual of interest status. (Dollars in thousands) Performing Non-Performing Total March 31, 2019 Commercial $ 957 $ — $ 957 Commercial real estate 1,323 — 1,323 Residential real estate 169,185 526 169,711 Construction & land development 2,819 — 2,819 Consumer 19,041 — 19,041 Total $ 193,325 $ 526 $ 193,851 December 31, 2018 Commercial $ 877 $ — $ 877 Commercial real estate 1,184 — 1,184 Residential real estate 166,122 343 166,465 Construction & land development 3,687 — 3,687 Consumer 19,342 — 19,342 Total $ 191,212 $ 343 $ 191,555 |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Summary of Repurchase Agreements Accounted for as Secured Borrowings | The following table provides additional detail regarding repurchase agreements accounted for as secured borrowings. Remaining Contractual Maturity Overnight and Continuous (Dollars in thousands) March 31, December 31, Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value $ 36,439 $ 37,574 Repurchase agreements 36,324 37,415 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31, 2019 and December 31, 2018 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 March 31, 2019 Assets: Securities available-for-sale U.S. Treasury security $ 998 $ — $ — $ 998 U.S. Government agencies — 7,248 — 7,248 Mortgage-backed securities of government agencies — 45,524 — 45,524 Asset-backed securities of government agencies — 996 — 996 State and political subdivisions — 23,319 — 23,319 Corporate bonds — 8,293 — 8,293 Total available-for-sale $ 998 $ 85,380 $ — $ 86,378 Equity securities $ 43 $ — $ 46 $ 89 December 31, 2018 Assets: Securities available-for-sale U.S. Treasury security $ 996 $ — $ — $ 996 U.S. Government agencies — 7,170 — 7,170 Mortgage-backed securities of government agencies — 44,901 — 44,901 Asset-backed securities of government agencies — 1,024 — 1,024 State and political subdivisions — 23,125 — 23,125 Corporate bonds — 8,312 — 8,312 Total available-for-sale $ 996 $ 84,532 $ — $ 85,528 Equity securities $ 37 $ — $ 46 $ 83 |
Schedule of Fair Value of Assets Measured on Nonrecurring Basis | The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of March 31, 2019 and December 31, 2018, by level within the fair value hierarchy. Impaired loans are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include: quoted market prices for identical assets classified as Level I inputs; and observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. (Dollars in thousands) Level I Level II Level III Total March 31, 2019 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 459 $ 459 Other real estate owned — — 99 99 December 31, 2018 Assets measured on a nonrecurring basis: Impaired loans $ — $ — $ 636 $ 636 Other real estate owned — — 99 99 |
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 Unobservable Input Range (Weighted Average) March 31, 2019 Impaired loans $ 459 Discounted cash flow Remaining term Discount rate 11 mos to 26.3 yrs / (14.2 yrs) 5.1% to 7.5% / (5.7%) Other real estate owned 99 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) -33% -10% December 31, 2018 Impaired loans $ 636 Discounted cash flow Remaining term Discount rate 1.2 yrs to 26.5 yrs / (10.9 yrs) 5.1% to 7.5% / (5.88%) Other real estate owned 99 Appraisal of collateral (1) Appraisal adjustments (2) Liquidation expense (2) -33% -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 Inst_2
Fair Values of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Investments, All Other Investments [Abstract] | |
Schedule of Estimated Fair Values of Recognized Financial Instruments | The fair values of recognized financial instruments as of March 31, 2019 and December 31, 2018 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value March 31, 2019 Financial assets Cash and cash equivalents $ 44,243 $ 44,243 $ — $ — $ 44,243 Securities available-for-sale 86,378 998 85,380 — 86,378 Securities held-to-maturity 20,218 — 19,948 — 19,948 Equity securities 89 43 — 46 89 Restricted stock 4,614 N/A N/A N/A N/A Loans held for sale 140 140 — — 140 Net loans 541,933 — — 545,737 545,737 Bank-owned life insurance 16,638 16,638 — — 16,638 Accrued interest receivable 1,915 1,915 — — 1,915 Mortgage servicing rights 290 — — 290 290 Financial liabilities Deposits $ 607,342 $ 486,114 $ — $ 120,051 $ 606,165 Short-term borrowings 36,324 36,324 — — 36,324 Other borrowings 8,373 — — 8,198 8,198 Accrued interest payable 125 125 — — 125 December 31, 2018 Financial assets Cash and cash equivalents $ 45,564 $ 45,564 $ — $ — $ 45,564 Securities available-for-sale 85,528 996 84,532 — 85,528 Securities held-to-maturity 20,688 — 20,118 — 20,118 Equity securities 83 37 — 46 83 Restricted stock 4,614 N/A N/A N/A N/A Loans held for sale 108 108 — — 108 Net loans 543,067 — — 543,076 543,076 Bank-owned life insurance 13,554 13,554 — — 13,554 Accrued interest receivable 1,581 1,581 — — 1,581 Mortgage servicing rights 281 — — 281 281 Financial liabilities Deposits $ 606,498 $ 490,007 $ — $ 114,434 $ 604,441 Short-term borrowings 37,415 37,415 — — 37,415 Other borrowings 8,525 — — 8,251 8,251 Accrued interest payable 88 88 — — 88 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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 month period ended March 31, 2019 and 2018: (Dollars in thousands) Pretax Tax Effect After-tax Three months ended March 31, 2019 Balance as of December 31, 2018 $ (1,786 ) $ 374 $ (1,412 ) Unrealized holding gain (loss) on available-for-sale 749 (157 ) 592 Amortization of held-to-maturity 15 (3 ) 12 Total other comprehensive income (loss) 764 (160 ) 604 Balance as of March 31, 2019 $ (1,022 ) $ 214 $ (808 ) Three months ended March 31, 2018 Balance as of December 31, 2017 $ (839 ) $ 176 $ (663 ) Unrealized holding gain (loss) on available-for-sale (1,385 ) 291 (1,094 ) Amortization of held-to-maturity 22 (5 ) 17 Total other comprehensive income (loss) (1,363 ) 286 (1,077 ) Reclassify equity AOCI gain to retained earnings 37 (8 ) 29 Balance as of March 31, 2018 $ (2,165 ) $ 454 $ (1,711 ) |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Summary of Other Information Related to Operating Leases | The following table summarizes other information related to our operating leases: March 31, 2019 Weighted-average remaining lease term - operating leases in years 7.5 Weighted-average discount rate - operating leases 3.77 % |
Schedule of Aggregate Lease Maturities and Obligations | The following table presents aggregate lease maturities and obligations as of March 31, 2019: (Dollars in thousands) March 31, 2019 2019 $ 27 2020 63 2021 71 2022 71 2023 71 2024 and thereafter 195 Total lease payments 498 Less: interest 69 Present value of lease liabilities $ 429 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Jan. 01, 2019 |
Operating right of use assets | $ 464 | |
Operating lease liabilities | $ 429 | |
Accounting Standards Update 2016-02 [Member] | ||
Operating right of use assets | $ 477 | |
Operating lease liabilities | $ 469 |
Securities - Summary of Securit
Securities - Summary of Securities Available-for-Sale and Restricted Stock (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Gross Unrealized Gains, Equity securities | $ 6 | $ 4 | |
Fair Value, Equity securities | 89 | $ 83 | |
Amortized Cost, Available-for-sale | 87,160 | 87,059 | |
Gross Unrealized Gains, Available-for-sale | 246 | 90 | |
Gross Unrealized Losses, Available-for-sale | 1,028 | 1,621 | |
Fair Value, Available-for-sale | 86,378 | 85,528 | |
Amortized Cost, Held to maturity | 20,218 | 20,688 | |
Gross Unrealized Gains, Held to maturity | 82 | 34 | |
Gross Unrealized Losses, Held to maturity | 352 | 604 | |
Fair Value, Held to maturity | 19,948 | 20,118 | |
Amortized Cost | 112,045 | 112,414 | |
Gross Unrealized Gains | 364 | 154 | |
Gross Unrealized Losses | 1,380 | 2,225 | |
Fair Value | 111,029 | 110,343 | |
Equity Securities [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Amortized Cost, Equity securities | 53 | 53 | |
Gross Unrealized Gains, Equity securities | 36 | 30 | |
Gross Unrealized Losses, Equity securities | 0 | 0 | |
Fair Value, Equity securities | 89 | 83 | |
U.S. Treasury Security [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Amortized Cost, Available-for-sale | 999 | 997 | |
Gross Unrealized Losses, Available-for-sale | 1 | 1 | |
Fair Value, Available-for-sale | 998 | 996 | |
U.S. Government Agencies [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Amortized Cost, Available-for-sale | 7,350 | 7,350 | |
Gross Unrealized Losses, Available-for-sale | 102 | 180 | |
Fair Value, Available-for-sale | 7,248 | 7,170 | |
Amortized Cost, Held to maturity | 9,483 | 9,482 | |
Gross Unrealized Gains, Held to maturity | 11 | 6 | |
Gross Unrealized Losses, Held to maturity | 206 | 390 | |
Fair Value, Held to maturity | 9,288 | 9,098 | |
Mortgage-Backed Securities of Government Agencies [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Amortized Cost, Available-for-sale | 45,997 | 45,744 | |
Gross Unrealized Gains, Available-for-sale | 59 | 41 | |
Gross Unrealized Losses, Available-for-sale | 532 | 884 | |
Fair Value, Available-for-sale | 45,524 | 44,901 | |
Amortized Cost, Held to maturity | 10,735 | 11,206 | |
Gross Unrealized Gains, Held to maturity | 71 | 28 | |
Gross Unrealized Losses, Held to maturity | 146 | 214 | |
Fair Value, Held to maturity | 10,660 | 11,020 | |
Asset-Backed Securities of Government Agencies [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Amortized Cost, Available-for-sale | 1,012 | 1,040 | |
Gross Unrealized Losses, Available-for-sale | 16 | 16 | |
Fair Value, Available-for-sale | 996 | 1,024 | |
State and Political Subdivisions [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Amortized Cost, Available-for-sale | 23,166 | 23,282 | |
Gross Unrealized Gains, Available-for-sale | 185 | 49 | |
Gross Unrealized Losses, Available-for-sale | 32 | 206 | |
Fair Value, Available-for-sale | 23,319 | 23,125 | |
Corporate Bonds [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Amortized Cost, Available-for-sale | 8,636 | 8,646 | |
Gross Unrealized Gains, Available-for-sale | 2 | ||
Gross Unrealized Losses, Available-for-sale | 345 | 334 | |
Fair Value, Available-for-sale | 8,293 | 8,312 | |
Restricted Stock [Member] | |||
Schedule of Trading Securities and Other Trading Assets [Line Items] | |||
Amortized Cost | 4,614 | 4,614 | |
Fair Value | $ 4,614 | $ 4,614 |
Securities - Summary of Amortiz
Securities - Summary of Amortized Cost and Fair Value of Debt Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Available-for-sale | ||
Due in one year or less, Amortized Cost | $ 3,477 | |
Due after one through five years, Amortized Cost | 20,264 | |
Due after five through ten years, Amortized Cost | 22,565 | |
Due after ten years, Amortized Cost | 40,854 | |
Total debt securities available-for-sale, Amortized Cost | 87,160 | |
Due in one year or less, Fair Value | 3,480 | |
Due after one through five years, Fair Value | 20,224 | |
Due after five through ten years, Fair Value | 22,374 | |
Due after ten years, Fair Value | 40,300 | |
Total debt securities available-for-sale, Fair Value | 86,378 | |
Held-to-maturity | ||
Due after one through five years, Amortized Cost | 484 | |
Due after five through ten years, Amortized Cost | 3,000 | |
Due after ten years, Amortized Cost | 16,734 | |
Amortized Cost, Held to maturity | 20,218 | $ 20,688 |
Due after one through five years, Fair Value | 495 | |
Due after five through ten years, Fair Value | 2,917 | |
Due after ten years, Fair Value | 16,536 | |
Total debt securities held-to-maturity, Fair Value | $ 19,948 | $ 20,118 |
Securities - Additional Informa
Securities - Additional Information (Detail) | 3 Months Ended | ||
Mar. 31, 2019USD ($)Securities | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | |
Investments, Debt and Equity Securities [Abstract] | |||
Fair value of pledged securities | $ 82,400,000 | $ 83,400,000 | |
Restricted stock investment in FHLB stock | 4,100,000 | 4,100,000 | |
Federal Reserve Bank stock | 471,000 | $ 471,000 | |
Proceeds from sale of available-for-sale securities | $ 0 | $ 0 | |
Number of securities in an unrealized loss position, Total | Securities | 67 | ||
Number of securities in continuous unrealized loss position, 12 months or more | Securities | 62 |
Securities - Summary of Gross U
Securities - Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Total | $ 352 | $ 604 |
Gross Unrealized Losses, Total | 1,028 | 1,621 |
Gross Unrealized Losses, Less Than 12 Months | 35 | 262 |
Fair Value, Less Than 12 Months | 3,993 | 17,970 |
Gross Unrealized Losses, 12 Months Or More | 1,345 | 1,963 |
Fair Value, 12 Months Or More | 63,954 | 66,251 |
Gross Unrealized Losses, Total | 1,380 | 2,225 |
Fair Value, Total | 67,947 | 84,221 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | 206 | 390 |
Held-to-maturity, Fair Value, 12 Months Or More | 8,793 | 8,609 |
Held-to-maturity, Gross Unrealized Losses, Total | 206 | 390 |
Held-to-maturity, Fair Value, Total | 8,793 | 8,609 |
Gross Unrealized Losses, 12 Months Or More | 102 | 180 |
Fair Value, 12 Months Or More | 7,248 | 7,170 |
Gross Unrealized Losses, Total | 102 | 180 |
Fair Value, Total | 7,248 | 7,170 |
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 | 32 | 72 |
Held-to-maturity, Fair Value, Less Than 12 Months | 473 | 3,404 |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | 114 | 142 |
Held-to-maturity, Fair Value, 12 Months Or More | 4,094 | 3,360 |
Held-to-maturity, Gross Unrealized Losses, Total | 146 | 214 |
Held-to-maturity, Fair Value, Total | 4,567 | 6,764 |
Gross Unrealized Losses, Less Than 12 Months | 1 | 33 |
Fair Value, Less Than 12 Months | 1,948 | 4,206 |
Gross Unrealized Losses, 12 Months Or More | 531 | 851 |
Fair Value, 12 Months Or More | 32,804 | 35,188 |
Gross Unrealized Losses, Total | 532 | 884 |
Fair Value, Total | 34,752 | 39,394 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 9 | |
Fair Value, Less Than 12 Months | 3,326 | |
Gross Unrealized Losses, 12 Months Or More | 32 | 197 |
Fair Value, 12 Months Or More | 3,302 | 8,626 |
Gross Unrealized Losses, Total | 32 | 206 |
Fair Value, Total | 3,302 | 11,952 |
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 | 998 | 996 |
Gross Unrealized Losses, Total | 1 | 1 |
Fair Value, Total | 998 | 996 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 16 | |
Fair Value, Less Than 12 Months | 1,024 | |
Gross Unrealized Losses, 12 Months Or More | 16 | |
Fair Value, 12 Months Or More | 996 | |
Gross Unrealized Losses, Total | 16 | 16 |
Fair Value, Total | 996 | 1,024 |
Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than 12 Months | 1 | 131 |
Fair Value, Less Than 12 Months | 574 | 5,014 |
Gross Unrealized Losses, 12 Months Or More | 344 | 203 |
Fair Value, 12 Months Or More | 6,717 | 3,298 |
Gross Unrealized Losses, Total | 345 | 334 |
Fair Value, Total | $ 7,291 | $ 8,312 |
Loans - Summary of Loans (Detai
Loans - Summary of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | $ 547,634 | $ 548,405 |
Deferred loan costs | 586 | 569 |
Total Loans | 548,220 | 548,974 |
Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 144,793 | 146,875 |
Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 192,663 | 183,605 |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 170,303 | 167,296 |
Construction & Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | 20,792 | 31,227 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans before deferred costs | $ 19,083 | $ 19,402 |
Loans - Additional Information
Loans - Additional Information (Detail) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019USD ($)PropertyContract | Mar. 31, 2018USD ($)Contract | Dec. 31, 2018USD ($)Contract | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans serviced for others | $ 94,500,000 | $ 92,300,000 | |
Concentrations of loans related to a single industry | 0 | $ 0 | |
Loans classified as troubled debt restructurings | 2,200,000 | 1,500,000 | |
Reserves allocated to customers whose loan terms are modified in troubled debt restructurings | 17,000 | 17,000 | |
Loans payable in nonaccrual of interest status | 271,000 | ||
Mortgage loans in process of foreclosure amount | 56,000 | 57,000 | |
Other real estate real estate acquired through foreclosure | 99,000 | 99,000 | |
Other repossessed assets | $ 15,000 | $ 0 | |
Number of properties acquired | Property | 1 | ||
Number of loans restructured | Contract | 1 | 0 | |
Loans restructured, subsequently defaulted | Contract | 1 | 0 | |
Loans restructured, subsequently defaulted | $ 200,000 | ||
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 | ||
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 | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | $ 5,907 | $ 5,604 |
Provision for loan losses | 285 | 324 |
Charge-offs | (70) | (303) |
Recoveries | 165 | 8 |
Net charge-offs | 95 | (295) |
Ending balance | 6,287 | 5,633 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 2,178 | 1,813 |
Provision for loan losses | (339) | 257 |
Charge-offs | (5) | (194) |
Recoveries | 163 | 8 |
Net charge-offs | 158 | (186) |
Ending balance | 1,997 | 1,884 |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 1,791 | 1,735 |
Provision for loan losses | 17 | 26 |
Charge-offs | (62) | |
Net charge-offs | (62) | |
Ending balance | 1,808 | 1,699 |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 1,245 | 1,273 |
Provision for loan losses | (24) | (40) |
Charge-offs | (37) | |
Recoveries | 1 | |
Net charge-offs | 1 | (37) |
Ending balance | 1,222 | 1,196 |
Construction & Land Development [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 258 | 237 |
Provision for loan losses | (88) | 7 |
Ending balance | 170 | 244 |
Consumer [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 306 | 175 |
Provision for loan losses | 83 | 23 |
Charge-offs | (65) | (10) |
Recoveries | 1 | |
Net charge-offs | (64) | (10) |
Ending balance | 325 | 188 |
Unallocated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 129 | 371 |
Provision for loan losses | 636 | 51 |
Ending balance | $ 765 | $ 422 |
Loans - Allowances for Loan Los
Loans - Allowances for Loan Losses and Ending Balances by Portfolio Class and Based on Impairment Method (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses individually evaluated for impairment | $ 52 | $ 101 | ||
Allowance for loan losses collectively evaluated for impairment | 6,235 | 5,806 | ||
Total ending allowance balance | 6,287 | 5,907 | $ 5,633 | $ 5,604 |
Loans individually evaluated for impairment | 4,317 | 3,852 | ||
Loans collectively evaluated for impairment | 543,317 | 544,553 | ||
Total ending loans balance | 547,634 | 548,405 | ||
Commercial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses individually evaluated for impairment | 35 | 36 | ||
Allowance for loan losses collectively evaluated for impairment | 1,962 | 2,142 | ||
Total ending allowance balance | 1,997 | 2,178 | 1,884 | 1,813 |
Loans individually evaluated for impairment | 1,139 | 419 | ||
Loans collectively evaluated for impairment | 143,654 | 146,456 | ||
Total ending loans balance | 144,793 | 146,875 | ||
Commercial Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses individually evaluated for impairment | 16 | 64 | ||
Allowance for loan losses collectively evaluated for impairment | 1,792 | 1,727 | ||
Total ending allowance balance | 1,808 | 1,791 | 1,699 | 1,735 |
Loans individually evaluated for impairment | 2,186 | 2,403 | ||
Loans collectively evaluated for impairment | 190,477 | 181,202 | ||
Total ending loans balance | 192,663 | 183,605 | ||
Residential Real Estate [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses individually evaluated for impairment | 1 | 1 | ||
Allowance for loan losses collectively evaluated for impairment | 1,221 | 1,244 | ||
Total ending allowance balance | 1,222 | 1,245 | 1,196 | 1,273 |
Loans individually evaluated for impairment | 975 | 1,030 | ||
Loans collectively evaluated for impairment | 169,328 | 166,266 | ||
Total ending loans balance | 170,303 | 167,296 | ||
Construction & Land Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses collectively evaluated for impairment | 170 | 258 | ||
Total ending allowance balance | 170 | 258 | 244 | 237 |
Loans collectively evaluated for impairment | 20,792 | 31,227 | ||
Total ending loans balance | 20,792 | 31,227 | ||
Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses collectively evaluated for impairment | 325 | 306 | ||
Total ending allowance balance | 325 | 306 | 188 | 175 |
Loans individually evaluated for impairment | 17 | |||
Loans collectively evaluated for impairment | 19,066 | 19,402 | ||
Total ending loans balance | 19,083 | 19,402 | ||
Unallocated [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Allowance for loan losses collectively evaluated for impairment | 765 | 129 | ||
Total ending allowance balance | $ 765 | $ 129 | $ 422 | $ 371 |
Loans - Schedule of Impairment
Loans - Schedule of Impairment by Class of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | $ 5,101 | $ 4,621 |
Recorded Investment with no Allowance | 3,819 | 3,122 |
Recorded Investment with Allowance | 512 | 738 |
Total Recorded Investment | 4,331 | 3,860 |
Related Allowance | 52 | 101 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 1,536 | 815 |
Recorded Investment with no Allowance | 1,107 | 383 |
Recorded Investment with Allowance | 35 | 36 |
Total Recorded Investment | 1,142 | 419 |
Related Allowance | 35 | 36 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 2,412 | 2,616 |
Recorded Investment with no Allowance | 1,985 | 1,976 |
Recorded Investment with Allowance | 211 | 433 |
Total Recorded Investment | 2,196 | 2,409 |
Related Allowance | 16 | 64 |
Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 1,136 | 1,190 |
Recorded Investment with no Allowance | 710 | 763 |
Recorded Investment with Allowance | 266 | 269 |
Total Recorded Investment | 976 | 1,032 |
Related Allowance | 1 | $ 1 |
Consumer [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 17 | |
Recorded Investment with no Allowance | 17 | |
Total Recorded Investment | $ 17 |
Loans - Schedule of Average Rec
Loans - Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Average recorded investment: | ||
Average recorded investment in impaired loans | $ 4,171 | $ 7,725 |
Interest income recognized: | ||
Interest income recognized on a cash basis on impaired loans | 28 | 29 |
Commercial [Member] | ||
Average recorded investment: | ||
Average recorded investment in impaired loans | 861 | 1,792 |
Interest income recognized: | ||
Interest income recognized on a cash basis on impaired loans | 13 | 11 |
Commercial Real Estate [Member] | ||
Average recorded investment: | ||
Average recorded investment in impaired loans | 2,289 | 4,490 |
Interest income recognized: | ||
Interest income recognized on a cash basis on impaired loans | 3 | 4 |
Residential Real Estate [Member] | ||
Average recorded investment: | ||
Average recorded investment in impaired loans | 1,018 | 1,443 |
Interest income recognized: | ||
Interest income recognized on a cash basis on impaired loans | 12 | $ 14 |
Consumer [Member] | ||
Average recorded investment: | ||
Average recorded investment in impaired loans | $ 3 |
Loans - Schedule of Aging of Pa
Loans - Schedule of Aging of Past Due and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | $ 543,779 | $ 543,790 |
Non-accrual | 3,115 | 3,155 |
Total past due and non-accrual | 3,855 | 4,615 |
Total ending loans balance | 547,634 | 548,405 |
30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 608 | 953 |
60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 59 | 333 |
90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 73 | 174 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 144,376 | 146,431 |
Non-accrual | 296 | 157 |
Total past due and non-accrual | 417 | 444 |
Total ending loans balance | 144,793 | 146,875 |
Commercial [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 80 | 253 |
Commercial [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 41 | 34 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 190,656 | 181,388 |
Non-accrual | 1,922 | 2,131 |
Total past due and non-accrual | 2,007 | 2,217 |
Total ending loans balance | 192,663 | 183,605 |
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 85 | 86 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 169,122 | 165,837 |
Non-accrual | 855 | 807 |
Total past due and non-accrual | 1,181 | 1,459 |
Total ending loans balance | 170,303 | 167,296 |
Residential Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 253 | 265 |
Residential Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 213 | |
Residential Real Estate [Member] | 90 Days Plus Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 73 | 174 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 20,792 | 31,169 |
Total past due and non-accrual | 58 | |
Total ending loans balance | 20,792 | 31,227 |
Construction & Land Development [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 58 | |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 18,833 | 18,965 |
Non-accrual | 42 | 60 |
Total past due and non-accrual | 250 | 437 |
Total ending loans balance | 19,083 | 19,402 |
Consumer [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 190 | 291 |
Consumer [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 18 | $ 86 |
Loans - Summary of Troubled Deb
Loans - Summary of Troubled Debt Restructurings (Detail) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019USD ($)Contract | Mar. 31, 2018Contract | |
Financing Receivable, Modifications [Line Items] | ||
Number of loans restructured | Contract | 1 | 0 |
Pre-Modification Recorded Investment | $ 17 | |
Post-Modification Recorded Investment | $ 17 | |
Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of loans restructured | Contract | 1 | |
Pre-Modification Recorded Investment | $ 17 | |
Post-Modification Recorded Investment | $ 17 |
Loans - Summary of Loans by Cre
Loans - Summary of Loans by Credit Quality Indicator (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 547,634 | $ 548,405 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 144,793 | 146,875 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 192,663 | 183,605 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 170,303 | 167,296 |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 20,792 | 31,227 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 19,083 | 19,402 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 311,573 | 316,835 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 121,489 | 125,840 |
Pass [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 172,041 | 163,261 |
Pass [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 191 | 194 |
Pass [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 17,852 | 27,540 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 10,002 | 10,965 |
Special Mention [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 4,730 | 5,383 |
Special Mention [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 5,272 | 5,582 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 32,208 | 29,050 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 17,617 | 14,775 |
Substandard [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 14,027 | 13,578 |
Substandard [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 401 | 637 |
Substandard [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 121 | |
Substandard [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 42 | 60 |
Not Rated [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 193,851 | 191,555 |
Not Rated [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 957 | 877 |
Not Rated [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 1,323 | 1,184 |
Not Rated [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 169,711 | 166,465 |
Not Rated [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 2,819 | 3,687 |
Not Rated [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 19,041 | $ 19,342 |
Loans - Schedule of Loans Not R
Loans - Schedule of Loans Not Rated by Class of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | $ 193,851 | $ 191,555 |
Commercial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 957 | 877 |
Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 1,323 | 1,184 |
Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 169,711 | 166,465 |
Construction & Land Development [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 2,819 | 3,687 |
Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 19,041 | 19,342 |
Performing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 193,325 | 191,212 |
Performing [Member] | Commercial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 957 | 877 |
Performing [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 1,323 | 1,184 |
Performing [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 169,185 | 166,122 |
Performing [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 2,819 | 3,687 |
Performing [Member] | Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 19,041 | 19,342 |
Nonperforming [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | 526 | 343 |
Nonperforming [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Loans not rated by class of loans | $ 526 | $ 343 |
Short-Term Borrowings - Summary
Short-Term Borrowings - Summary of Repurchase Agreements Accounted for as Secured Borrowings (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Short-term Debt [Abstract] | ||
Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value | $ 36,439 | $ 37,574 |
Repurchase agreements | $ 36,324 | $ 37,415 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
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 | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | $ 86,378 | |
Equity Securities | 89 | $ 83 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 86,378 | 85,528 |
Equity Securities | 89 | 83 |
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 | 998 | 996 |
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 | 7,248 | 7,170 |
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 | 45,524 | 44,901 |
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 | 996 | 1,024 |
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 | 23,319 | 23,125 |
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 | 8,293 | 8,312 |
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 | 998 | 996 |
Equity Securities | 43 | 37 |
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 | 998 | 996 |
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 | 85,380 | 84,532 |
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 | 7,248 | 7,170 |
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 | 45,524 | 44,901 |
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 | 996 | 1,024 |
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 | 23,319 | 23,125 |
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 | 8,293 | 8,312 |
Level III [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Equity Securities | $ 46 | $ 46 |
Fair Value Measurements - Sch_2
Fair Value Measurements - Schedule of Fair Value of Assets Measured on Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 459 | $ 636 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 99 | 99 |
Level III [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | 459 | 636 |
Level III [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total Assets | $ 99 | $ 99 |
Fair Value Measurements - Sch_3
Fair Value Measurements - Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Level III [Member] $ in Thousands | Mar. 31, 2019USD ($)yrmo | Dec. 31, 2018USD ($)yr |
Valuation Technique, Discounted Cash Flow [Member] | Impaired Loans [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ | $ 459 | $ 636 |
Valuation Technique, Discounted Cash Flow [Member] | Minimum [Member] | Impaired Loans [Member] | Measurement Input, Expected Term [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loan, measurement input | 11 | 1.2 |
Impaired loan, measurement input | 11 | 1.2 |
Valuation Technique, Discounted Cash Flow [Member] | Minimum [Member] | Impaired Loans [Member] | Measurement Input, Discount Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loan, measurement input | 0.051 | 0.0510 |
Impaired loan, measurement input | 0.051 | 0.0510 |
Valuation Technique, Discounted Cash Flow [Member] | Maximum [Member] | Impaired Loans [Member] | Measurement Input, Expected Term [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loan, measurement input | 26.3 | 26.5 |
Impaired loan, measurement input | 26.3 | 26.5 |
Valuation Technique, Discounted Cash Flow [Member] | Maximum [Member] | Impaired Loans [Member] | Measurement Input, Discount Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loan, measurement input | 0.075 | 0.0750 |
Impaired loan, measurement input | 0.075 | 0.0750 |
Valuation Technique, Discounted Cash Flow [Member] | Weighted Average [Member] | Impaired Loans [Member] | Measurement Input, Expected Term [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loan, measurement input | 14.2 | 10.9 |
Impaired loan, measurement input | 14.2 | 10.9 |
Valuation Technique, Discounted Cash Flow [Member] | Weighted Average [Member] | Impaired Loans [Member] | Measurement Input, Discount Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loan, measurement input | 0.057 | 0.0588 |
Impaired loan, measurement input | 0.057 | 0.0588 |
Appraisal of Collateral [Member] | Other Real Estate Owned [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ | $ 99 | $ 99 |
Impaired loan, measurement input | (0.10) | (0.10) |
Impaired loan, measurement input | (0.10) | (0.10) |
Appraisal of Collateral [Member] | Weighted Average [Member] | Other Real Estate Owned [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Impaired loan, measurement input | (0.33) | (0.33) |
Impaired loan, measurement input | (0.33) | (0.33) |
Fair Values of Financial Inst_3
Fair Values of Financial Instruments - Schedule of Estimated Fair Values of Recognized Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financial assets | ||
Securities available-for-sale | $ 86,378 | $ 85,528 |
Securities held-to-maturity | 19,948 | 20,118 |
Equity Securities | 89 | 83 |
Loans held for sale | 140 | 108 |
Bank-owned life insurance | 16,638 | 13,554 |
Carrying Value [Member] | ||
Financial assets | ||
Cash and cash equivalents | 44,243 | 45,564 |
Securities available-for-sale | 86,378 | 85,528 |
Securities held-to-maturity | 20,218 | 20,688 |
Equity Securities | 89 | 83 |
Restricted stock | 4,614 | 4,614 |
Loans held for sale | 140 | 108 |
Net loans | 541,933 | 543,067 |
Bank-owned life insurance | 16,638 | 13,554 |
Accrued interest receivable | 1,915 | 1,581 |
Financial liabilities | ||
Deposits | 607,342 | 606,498 |
Short-term borrowings | 36,324 | 37,415 |
Other borrowings | 8,373 | 8,525 |
Accrued interest payable | 125 | 88 |
Carrying Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 290 | 281 |
Fair Value [Member] | ||
Financial assets | ||
Cash and cash equivalents | 44,243 | 45,564 |
Securities available-for-sale | 86,378 | 85,528 |
Securities held-to-maturity | 19,948 | 20,118 |
Equity Securities | 89 | 83 |
Loans held for sale | 140 | 108 |
Net loans | 545,737 | 543,076 |
Bank-owned life insurance | 16,638 | 13,554 |
Accrued interest receivable | 1,915 | 1,581 |
Financial liabilities | ||
Deposits | 606,165 | 604,441 |
Short-term borrowings | 36,324 | 37,415 |
Other borrowings | 8,198 | 8,251 |
Accrued interest payable | 125 | 88 |
Fair Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 290 | 281 |
Fair Value [Member] | Level I [Member] | ||
Financial assets | ||
Cash and cash equivalents | 44,243 | 45,564 |
Securities available-for-sale | 998 | 996 |
Equity Securities | 43 | 37 |
Loans held for sale | 140 | 108 |
Bank-owned life insurance | 16,638 | 13,554 |
Accrued interest receivable | 1,915 | 1,581 |
Financial liabilities | ||
Deposits | 486,114 | 490,007 |
Short-term borrowings | 36,324 | 37,415 |
Accrued interest payable | 125 | 88 |
Fair Value [Member] | Level II [Member] | ||
Financial assets | ||
Securities available-for-sale | 85,380 | 84,532 |
Securities held-to-maturity | 19,948 | 20,118 |
Fair Value [Member] | Level III [Member] | ||
Financial assets | ||
Equity Securities | 46 | 46 |
Net loans | 545,737 | 543,076 |
Financial liabilities | ||
Deposits | 120,051 | 114,434 |
Other borrowings | 8,198 | 8,251 |
Fair Value [Member] | Level III [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | $ 290 | $ 281 |
Fair Values of Financial Inst_4
Fair Values of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value Disclosures [Abstract] | ||
Commitments to extend credit and letters of credit | $ 174.1 | $ 173.3 |
Accumulated Other Comprehensi_3
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 | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Pretax | $ 749 | $ (1,312) |
Beginning balance, After-tax | (1,412) | |
Other comprehensive income (loss) | 604 | (1,019) |
Ending Balance, After-tax | (808) | |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance, Pretax | (1,786) | (839) |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Pretax | 749 | (1,385) |
Amortization of held-to-maturity discount resulting from transfer, Pretax | 15 | 22 |
Total other comprehensive income (loss), Pretax | 764 | (1,363) |
Reclassify equity AOCI gain to retained earnings, Pretax | 37 | |
Ending balance, Pretax | (1,022) | (2,165) |
Beginning balance, Tax Effect | 374 | 176 |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Tax Effect | (157) | 291 |
Amortization of held-to-maturity discount resulting from transfer, Tax Effect | (3) | (5) |
Total other comprehensive income (loss), Tax Effect | (160) | 286 |
Reclassify equity AOCI gain to retained earnings, Tax Effect | (8) | |
Ending Balance, Tax Effect | 214 | 454 |
Beginning balance, After-tax | (1,412) | (663) |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, After-Tax | 592 | (1,094) |
Amortization of held-to-maturity discount resulting from transfer, After-tax | 12 | 17 |
Other comprehensive income (loss) | 604 | (1,077) |
Reclassify equity AOCI gain to retained earnings, After-tax | 29 | |
Ending Balance, After-tax | $ (808) | $ (1,711) |
Leases - Additional Information
Leases - Additional Information (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Schedule Of Operating Leases [Line Items] | |
Weighted-average remaining lease term - operating leases in years | 7 years 6 months |
Operating lease extension period | 5 years |
Operating lease right of use asset | $ 464 |
Operating lease liabilties | 429 |
Operating lease cost | $ 18 |
Minimum [Member] | |
Schedule Of Operating Leases [Line Items] | |
Weighted-average remaining lease term - operating leases in years | 7 years |
Maximum [Member] | |
Schedule Of Operating Leases [Line Items] | |
Weighted-average remaining lease term - operating leases in years | 8 years |
Leases - Summary of Other Infor
Leases - Summary of Other Information Related to Operating Leases (Detail) | Mar. 31, 2019 |
Leases [Abstract] | |
Weighted-average remaining lease term - operating leases in years | 7 years 6 months |
Weighted-average discount rate - operating leases | 3.77% |
Leases - Schedule of Aggregate
Leases - Schedule of Aggregate Lease Maturities and Obligations (Detail) $ in Thousands | Mar. 31, 2019USD ($) |
Leases [Abstract] | |
2019 | $ 27 |
2020 | 63 |
2021 | 71 |
2022 | 71 |
2023 | 71 |
2024 and thereafter | 195 |
Total lease payments | 498 |
Less: interest | 69 |
Present value of lease liabilities | $ 429 |