Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Nov. 01, 2019 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2019 | |
Entity Registrant Name | EAGLE FINANCIAL SERVICES INC | |
Entity Central Index Key | 0000880641 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 3,432,912 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Assets [Abstract] | ||
Cash and due from banks | $ 10,559 | $ 12,358 |
Interest-bearing deposits with other institutions | 28,357 | 5,995 |
Federal Funds Sold | 240 | 0 |
Total cash and cash equivalents | 39,156 | 18,353 |
Securities available for sale, at fair value | 137,729 | 144,298 |
Restricted investments | 1,622 | 1,170 |
Loans | 638,280 | 606,827 |
Allowance for loan losses | (4,891) | (5,456) |
Net Loans | 633,389 | 601,371 |
Bank premises and equipment, net | 19,363 | 19,083 |
Other real estate owned, net of allowance | 442 | 106 |
Other assets | 19,718 | 15,236 |
Total assets | 851,419 | 799,617 |
Liabilities and Equity [Abstract] | ||
Noninterest bearing demand deposits | 265,483 | 251,184 |
Savings and interest bearing demand deposits | 348,435 | 336,778 |
Time deposits | 121,481 | 115,142 |
Total deposits | 735,399 | 703,104 |
Federal funds purchased | 0 | 1,871 |
Federal Home Loan Bank advances | 10,000 | 0 |
Other liabilities | 11,390 | 7,043 |
Total liabilities | 756,789 | 712,018 |
Shareholders' Equity | ||
Preferred stock, $10 par value; 500,000 shares authorized and unissued | 0 | 0 |
Common stock, $2.50 par value; authorized 10,000,000 shares; issued and outstanding 2019, 3,439,612 including 26,789 shares of unvested restricted stock; issued and outstanding 2018, 3,445,914 including 16,701 shares of unvested restricted stock | 8,532 | 8,573 |
Surplus | 11,472 | 11,992 |
Retained earnings | 72,971 | 68,587 |
Accumulated other comprehensive income (loss) | 1,655 | (1,553) |
Total shareholders' equity | 94,630 | 87,599 |
Total liabilities and shareholders' equity | $ 851,419 | $ 799,617 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 10 | $ 10 |
Preferred stock, shares authorized | 500,000 | 500,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value | $ 2.50 | $ 2.50 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 3,439,612 | 3,445,914 |
Common stock, unvested restricted shares | 26,789 | 16,701 |
Consolidated Statements Of Inco
Consolidated Statements Of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Interest and Dividend Income | ||||
Interest and fees on loans | $ 8,022 | $ 7,092 | $ 23,230 | $ 20,633 |
Interest and dividends on securities available for sale: | ||||
Taxable interest income | 750 | 702 | 2,295 | 1,976 |
Interest income exempt from federal income taxes | 204 | 263 | 673 | 793 |
Dividends | 16 | 16 | 49 | 43 |
Interest on deposits with other institutions | 91 | 58 | 177 | 153 |
Interest on federal funds sold | 1 | 0 | 3 | 2 |
Total interest and dividend income | 9,084 | 8,131 | 26,427 | 23,600 |
Interest Expense | ||||
Interest on deposits | 1,123 | 704 | 3,122 | 1,693 |
Interest on federal funds purchased | 0 | 1 | 31 | 11 |
Interest on Federal Home Loan Bank advances | 9 | 0 | 9 | 0 |
Total interest expense | 1,132 | 705 | 3,162 | 1,704 |
Net interest income | 7,952 | 7,426 | 23,265 | 21,896 |
Provision for Loan Losses | 117 | 140 | 567 | 248 |
Net interest income after provision for loan losses | 7,835 | 7,286 | 22,698 | 21,648 |
Noninterest Income | ||||
Income from fiduciary activities | 369 | 316 | 1,026 | 1,059 |
Service charges on deposit accounts | 307 | 302 | 874 | 912 |
Other service charges and fees | 1,465 | 1,172 | 3,728 | 3,181 |
(Loss) gain on sale of securities | (4) | 6 | (7) | 17 |
Gain (loss) on disposal of bank premises and equipment | 17 | 0 | 137 | (3) |
Other operating income | 65 | 8 | 183 | 104 |
Total noninterest income | 2,219 | 1,804 | 5,941 | 5,270 |
Noninterest Expenses | ||||
Salaries and employee benefits | 4,120 | 3,666 | 11,536 | 10,598 |
Occupancy expenses | 386 | 374 | 1,215 | 1,108 |
Equipment expenses | 206 | 233 | 625 | 686 |
Advertising and marketing expenses | 190 | 209 | 657 | 595 |
Stationery and supplies | 49 | 42 | 115 | 145 |
ATM network fees | 265 | 192 | 826 | 644 |
Other real estate owned expense | 51 | 24 | 52 | 161 |
Loss on other real estate owned | 377 | 987 | 447 | 872 |
FDIC assessment | 36 | 56 | 141 | 169 |
Computer software expense | 114 | 114 | 334 | 365 |
Bank franchise tax | 173 | 152 | 483 | 431 |
Professional fees | 205 | 260 | 827 | 818 |
Data processing fees | 363 | 270 | 906 | 513 |
Other operating expenses | 876 | 731 | 2,302 | 2,001 |
Total noninterest expenses | 7,411 | 7,310 | 20,466 | 19,106 |
Income before income taxes | 2,643 | 1,780 | 8,173 | 7,812 |
Income Tax Expense (Benefit) | 412 | (80) | 1,245 | 892 |
Net income | $ 2,231 | $ 1,860 | $ 6,928 | $ 6,920 |
Earnings Per Share | ||||
Net income per common share, basic | $ 0.65 | $ 0.54 | $ 2.01 | $ 2 |
Net income per common share, diluted | $ 0.65 | $ 0.54 | $ 2.01 | $ 2 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 2,231 | $ 1,860 | $ 6,928 | $ 6,920 |
Other comprehensive income: | ||||
Unrealized gain (loss) on available for sale securities net of reclassification adjustments, net of deferred income tax | 214 | (1,186) | 3,208 | (4,129) |
Total other comprehensive income (loss) | 214 | (1,186) | 3,208 | (4,129) |
Total comprehensive income | $ 2,445 | $ 674 | $ 10,136 | $ 2,791 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Statement of Comprehensive Income [Abstract] | ||||
Unrealized gain (loss) on available for sale securities, deferred income tax | $ 57 | $ (315) | $ 853 | $ (1,097) |
Consolidated Statements Of Chan
Consolidated Statements Of Changes In Shareholders' Equity - USD ($) $ in Thousands | Total | Common Stock [Member] | Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Balance at Dec. 31, 2017 | $ 83,817 | $ 8,587 | $ 12,075 | $ 62,845 | $ 310 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 2,539 | 2,539 | |||
Other comprehensive income (loss) | (2,593) | ||||
Vesting of restricted stock awards, stock incentive plan | 23 | (23) | |||
Stock-based compensation expense | 81 | 81 | |||
Issuance of common stock, dividend investment plan | 180 | 14 | 166 | ||
Repurchase and retirement of common stock | (157) | (13) | (144) | ||
Dividends declared | (796) | (796) | |||
Balance at Mar. 31, 2018 | 83,071 | 8,611 | 12,155 | 64,588 | (2,283) |
Balance at Dec. 31, 2017 | 83,817 | 8,587 | 12,075 | 62,845 | 310 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 6,920 | ||||
Other comprehensive income (loss) | (4,129) | ||||
Balance at Sep. 30, 2018 | 84,830 | 8,629 | 12,680 | 67,340 | (3,819) |
Balance at Mar. 31, 2018 | 83,071 | 8,611 | 12,155 | 64,588 | (2,283) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 2,521 | 2,521 | |||
Other comprehensive income (loss) | (350) | ||||
Stock-based compensation expense | 114 | 114 | |||
Issuance of common stock, dividend investment plan | 104 | 8 | 96 | ||
Issuance of common stock, employee benefit plan | 135 | 9 | 126 | ||
Dividends declared | (796) | (796) | |||
Balance at Jun. 30, 2018 | 84,799 | 8,628 | 12,491 | 66,313 | (2,633) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,860 | 1,860 | |||
Other comprehensive income (loss) | (1,186) | (1,186) | |||
Stock-based compensation expense | 177 | 177 | |||
Issuance of common stock, dividend investment plan | 47 | 3 | 44 | ||
Issuance of common stock, employee benefit plan | 23 | 2 | 21 | ||
Repurchase and retirement of common stock | (57) | (4) | (53) | ||
Dividends declared | (833) | (833) | |||
Balance at Sep. 30, 2018 | 84,830 | 8,629 | 12,680 | 67,340 | (3,819) |
Balance at Dec. 31, 2018 | 87,599 | 8,573 | 11,992 | 68,587 | (1,553) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 2,571 | 2,571 | |||
Other comprehensive income (loss) | 1,690 | ||||
Vesting of restricted stock awards, stock incentive plan | 25 | (25) | |||
Stock-based compensation expense | 86 | 86 | |||
Issuance of common stock, dividend investment plan | 116 | 9 | 107 | ||
Repurchase and retirement of common stock | (47) | (3) | (44) | ||
Dividends declared | (830) | (830) | |||
Balance at Mar. 31, 2019 | 91,185 | 8,604 | 12,116 | 70,328 | 137 |
Balance at Dec. 31, 2018 | 87,599 | 8,573 | 11,992 | 68,587 | (1,553) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 6,928 | ||||
Other comprehensive income (loss) | 3,208 | ||||
Balance at Sep. 30, 2019 | 94,630 | 8,532 | 11,472 | 72,971 | 1,655 |
Balance at Mar. 31, 2019 | 91,185 | 8,604 | 12,116 | 70,328 | 137 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 2,126 | 2,126 | |||
Other comprehensive income (loss) | 1,304 | ||||
Stock-based compensation expense | 116 | 116 | |||
Issuance of common stock, dividend investment plan | 179 | 15 | 164 | ||
Issuance of common stock, employee benefit plan | 138 | 10 | 128 | ||
Repurchase and retirement of common stock | (1,451) | (110) | (1,341) | ||
Dividends declared | (855) | (855) | |||
Balance at Jun. 30, 2019 | 92,742 | 8,519 | 11,183 | 71,599 | 1,441 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 2,231 | 2,231 | |||
Other comprehensive income (loss) | 214 | 214 | |||
Vesting of restricted stock awards, stock incentive plan | 6 | (6) | |||
Stock-based compensation expense | 217 | 217 | |||
Issuance of common stock, dividend investment plan | 85 | 7 | 78 | ||
Dividends declared | (859) | (859) | |||
Balance at Sep. 30, 2019 | $ 94,630 | $ 8,532 | $ 11,472 | $ 72,971 | $ 1,655 |
Consolidated Statements Of Ch_2
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | |||||
Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | |
Statement of Stockholders' Equity [Abstract] | ||||||
Issuance of restricted stock, stock incentive plan, shares | 2,400 | 0 | 10,000 | 0 | 0 | 9,109 |
Issuance of common stock, dividend investment plan, shares | 2,808 | 5,708 | 3,685 | 1,285 | 3,171 | 5,681 |
Stock Issued During Period, Shares, Employee Benefit Plan | 0 | 4,064 | 0 | 646 | 3,767 | 0 |
Repurchase and retirement of common stock, shares | 0 | 43,555 | 1,500 | 1,653 | 0 | 5,000 |
Dividends declared, per share | $ 0.25 | $ 0.25 | $ 0.24 | $ 0.24 | $ 0.23 | $ 0.23 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Cash Flows from Operating Activities | ||
Net income | $ 6,928 | $ 6,920 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | ||
Depreciation | 701 | 698 |
Amortization of other assets | 268 | 143 |
Provision for Loan Losses | 567 | 248 |
Loss on other real estate owned | 447 | 872 |
(Gain) loss on the sale and disposal of premises and equipment | (137) | 3 |
Loss (gain) on the sale of securities | 7 | (17) |
Stock-based compensation expense | 419 | 372 |
Premium amortization on securities, net | 344 | 400 |
Changes in assets and liabilities: | ||
(Increase) in other assets | (1,858) | (2,944) |
Increase (decrease) in other liabilities | 601 | (11,770) |
Net cash provided by (used in) operating activities | 8,287 | (5,075) |
Cash Flows from Investing Activities | ||
Proceeds from maturities calls and principal payments of securities available for sale | 16,864 | 12,901 |
Proceeds from the sale of securities available for sale | 12,349 | 5,374 |
Purchases of securities available for sale | (18,934) | (31,718) |
Purchases of restricted investments | (452) | (59) |
Purchases of bank premises and equipment | (1,124) | (626) |
Proceeds from the sale of other real estate owned | 36 | 0 |
Proceeds from the sale of bank premises and equipment | 279 | 0 |
Proceeds from the sale of other real estate owned | 16 | 0 |
Net (increase) in loans | (33,419) | (32,399) |
Net cash (used in) investing activities | (24,385) | (46,527) |
Cash Flows from Financing Activities | ||
Net increase in noninterest bearing demand deposits, savings, and interest bearing demand deposits | 25,956 | 26,412 |
Net increase in time deposits | 6,339 | 3,511 |
Net (decrease) increase in federal funds purchased | (1,871) | 1,158 |
Net increase In Federal Home Loan Bank advances | 10,000 | 0 |
Issuance of common stock, employee benefit plan | 138 | 158 |
Repurchase and retirement of common stock | (1,498) | (214) |
Cash dividends paid | (2,163) | (2,094) |
Net cash provided by financing activities | 36,901 | 28,931 |
Increase (decrease) in cash and cash equivalents | 20,803 | (22,671) |
Cash and Cash Equivalents | ||
Beginning | 18,353 | 35,848 |
Ending | 39,156 | 13,177 |
Supplemental Disclosures of Cash Flow Information | ||
Interest | 3,132 | 1,649 |
Income taxes | 0 | 1,791 |
Supplemental Schedule of Noncash Investing and Financing Activities: | ||
Unrealized gain (loss) on securities available for sale | 4,061 | (5,226) |
Other real estate and repossessed assets acquired in settlement of loans | 834 | 2,803 |
Issuance of common stock, dividend investment plan | 380 | 331 |
Lease liabilities arising from right-of-use assets | $ 3,745 | $ 0 |
General
General | 9 Months Ended |
Sep. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
General | NOTE 1. General The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the accompanying financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position at September 30, 2019 and December 31, 2018 , the results of operations and the changes in stockholders' equity for the three and nine months ended September 30, 2019 and 2018 , and cash flows for the nine months ended September 30, 2019 and 2018 . The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the Consolidated Financial Statements and related Notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (the “ 2018 Form 10-K”). Eagle Financial Services, Inc. (the "Company") owns 100% of Bank of Clarke County (the “Bank”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany accounts and transactions between the Company and the Bank have been eliminated. Certain amounts in the consolidated financial statements have been reclassified to conform to current year presentations. None of the reclassifications were of a material nature and they had no effect on prior year net income or shareholders' equity. |
Stock-Based Compensation Plan
Stock-Based Compensation Plan | 9 Months Ended |
Sep. 30, 2019 | |
Share-based Payment Arrangement, Noncash Expense [Abstract] | |
Stock-Based Compensation Plan | NOTE 2. Stock-Based Compensation Plan During 2014, the Company’s shareholders approved a stock incentive plan which allows key employees and directors to increase their personal financial interest in the Company. This plan permits the issuance of incentive stock options and non-qualified stock options and the award of stock appreciation rights, common stock, restricted stock, and phantom stock. The plan authorizes the issuance of up to 500,000 shares of common stock. The Company periodically grants restricted stock to its directors, executive officers and certain non-executive officers. Restricted stock provides grantees with rights to shares of common stock upon completion of a service period or achievement of Company performance measures. During the restriction period, all shares are considered outstanding and dividends are paid to the grantee. In general, outside directors are periodically granted restricted shares which vest over a period of less than 9 months . Beginning during 2006, executive officers were granted restricted shares which vest over a 3 year service period and restricted shares which vest based on meeting annual performance measures over a 1 year period. Beginning in 2018, certain non-executive officers also were granted restricted shares which vest over a 3 year service period. The Company recognizes compensation expense over the restricted period based on the fair value of the Company's stock on the grant date. The Company's policy is to recognize forfeitures as they occur. As of September 30, 2019 , there was $227 thousand of unrecognized compensation cost related to nonvested restricted stock. The following table presents restricted stock activity for the nine months ended September 30, 2019 and 2018 : Nine Months Ended September 30, 2019 2018 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Nonvested, beginning of period 16,701 $ 29.72 14,401 $ 24.68 Granted 22,488 30.69 16,950 32.84 Vested (12,400 ) 29.54 (9,109 ) 24.63 Forfeited — — (41 ) 25.50 Nonvested, end of period 26,789 30.62 22,201 30.93 |
Earnings Per Common Share
Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2019 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share | NOTE 3. Earnings Per Common Share Basic earnings per share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Nonvested restricted shares are included in the weighted average number of common shares used to compute basic earnings per share because of dividend participation and voting rights. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. The number of potential common shares is determined using the treasury method. The following table shows the weighted average number of shares used in computing earnings per share for the three and nine months ended September 30, 2019 and 2018 . During 2019 and 2018 , there were no potentially dilutive securities outstanding. Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Weighted average number of common shares outstanding used to calculate basic and diluted earnings per share 3,436,660 3,474,246 3,439,980 3,467,201 |
Securities
Securities | 9 Months Ended |
Sep. 30, 2019 | |
Debt Securities, Available-for-sale [Abstract] | |
Securities | NOTE 4. Securities Amortized costs and fair values of securities available for sale at September 30, 2019 and December 31, 2018 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value September 30, 2019 (in thousands) Obligations of U.S. government corporations and agencies $ 22,921 $ 493 $ (43 ) $ 23,371 Mortgage-backed securities 76,886 808 (160 ) 77,534 Obligations of states and political subdivisions 35,881 966 (23 ) 36,824 $ 135,688 $ 2,267 $ (226 ) $ 137,729 December 31, 2018 (in thousands) Obligations of U.S. government corporations and agencies $ 22,183 $ 29 $ (481 ) $ 21,731 Mortgage-backed securities 77,976 145 (1,638 ) 76,483 Obligations of states and political subdivisions 46,159 394 (469 ) 46,084 $ 146,318 $ 568 $ (2,588 ) $ 144,298 During the nine months ended September 30, 2019 , the Company received proceeds of $12.3 million on sales of available for sale securities for gross gains of $37 thousand and gross losses of $44 thousand . During the nine months ended September 30, 2018 , the Company sold $5.4 million of available for sale securities for gross gains of $62 thousand and $45 thousand in gross losses. The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2019 and December 31, 2018 were as follows: Less than 12 months 12 months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses September 30, 2019 (in thousands) Obligations of U.S. government corporations and agencies $ 1,657 $ 26 $ 3,981 $ 17 $ 5,638 $ 43 Mortgage-backed securities 7,988 38 15,023 122 23,011 160 Obligations of states and political subdivisions 1,701 15 926 8 2,627 23 $ 11,346 $ 79 $ 19,930 $ 147 $ 31,276 $ 226 December 31, 2018 (in thousands) Obligations of U.S. government corporations and agencies $ 1,973 $ 6 $ 13,710 $ 475 $ 15,683 $ 481 Mortgage-backed securities 16,659 332 42,966 1,306 59,625 1,638 Obligations of states and political subdivisions 3,594 52 12,864 417 16,458 469 $ 22,226 $ 390 $ 69,540 $ 2,198 $ 91,766 $ 2,588 Gross unrealized losses on available for sale securities included thirty ( 30 ) and ninety-five ( 95 ) debt securities at September 30, 2019 and December 31, 2018 , respectively. The Company evaluates securities for other-than-temporary impairment on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the length of time and the amount of an unrealized loss, the financial condition of the issuer, and the intent and ability of the Company to retain its investment in the issuer long enough to allow for an anticipated recovery in fair value. The fair value of a security reflects its liquidity as compared to similar instruments, current market rates on similar instruments, and the creditworthiness of the issuer. Absent any change in the liquidity of a security or the creditworthiness of the issuer, prices will decline as market rates rise and vice-versa. The primary cause of the unrealized losses at September 30, 2019 and December 31, 2018 was changes in market interest rates and not credit concerns of the issuers. Since the losses can be primarily attributed to changes in market interest rates and not expected cash flows or an issuer’s financial condition and management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery, the unrealized losses were deemed to be temporary. The Company’s mortgage-backed securities are issued by U.S. government agencies, which guarantee payments to investors regardless of the status of the underlying mortgages. The Company monitors the financial condition of these issuers continuously and will record other-than-temporary impairment if the recovery of value is unlikely. The Company’s securities are exposed to various risks, such as interest rate, market, currency and credit risks. Due to the level of risk associated with certain securities and the level of uncertainty related to changes in the value of securities, it is at least reasonably possible that changes in risks in the near term would materially affect securities reported in the financial statements. Securities having a carrying value of $1.9 million at September 30, 2019 were pledged for various purposes required by law. The composition of restricted investments at September 30, 2019 and December 31, 2018 was as follows: September 30, 2019 December 31, 2018 (in thousands) Federal Reserve Bank Stock $ 344 $ 344 Federal Home Loan Bank Stock 1,138 686 Community Bankers’ Bank Stock 140 140 $ 1,622 $ 1,170 |
Loans and Allowance for Loan Lo
Loans and Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2019 | |
Receivables [Abstract] | |
Loans and Allowance for Loan Losses | NOTE 5. Loans and Allowance for Loan Losses The composition of loans at September 30, 2019 and December 31, 2018 was as follows: September 30, December 31, 2019 2018 (in thousands) Mortgage loans on real estate: Construction and land development $ 48,809 $ 54,675 Secured by farmland 13,266 7,251 Secured by 1-4 family residential properties 223,831 221,861 Multifamily 11,851 7,923 Commercial 275,708 265,595 Commercial and industrial loans 44,907 33,086 Consumer installment loans 8,168 8,470 All other loans 12,250 8,454 Total loans $ 638,790 $ 607,315 Net deferred loan fees (510 ) (488 ) Allowance for loan losses (4,891 ) (5,456 ) Net Loans $ 633,389 $ 601,371 Changes in the allowance for loan losses for the nine months ended September 30, 2019 and 2018 and the year ended December 31, 2018 were as follows: Nine Months Ended Year Ended Nine Months Ended September 30, December 31, September 30, 2019 2018 2018 (in thousands) Balance, beginning $ 5,456 $ 4,411 $ 4,411 Provision for loan losses 567 777 248 Recoveries added to the allowance 150 504 240 Loan losses charged to the allowance (1,282 ) (236 ) (186 ) Balance, ending $ 4,891 $ 5,456 $ 4,713 Nonaccrual and past due loans by class at September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 (in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due Total Past Due Current Total Loans 90 or More Days Past Due Still Accruing Nonaccrual Loans Commercial - Non Real Estate: Commercial & Industrial $ 68 $ — $ — $ 68 $ 44,839 $ 44,907 $ — $ 32 Commercial Real Estate: Owner Occupied — — — — 149,233 149,233 — 324 Non-owner occupied — — — — 126,475 126,475 — 339 Construction and Farmland: Residential — 149 — 149 8,145 8,294 — — Commercial 465 — — 465 53,316 53,781 — — Consumer: Installment — 1 — 1 8,167 8,168 — 9 Residential: Equity Lines 46 — 60 106 33,912 34,018 60 71 Single family 716 66 640 1,422 188,391 189,813 — 1,284 Multifamily — — — — 11,851 11,851 — — All Other Loans — — — — 12,250 12,250 — — Total $ 1,295 $ 216 $ 700 $ 2,211 $ 636,579 $ 638,790 $ 60 $ 2,059 December 31, 2018 (in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due Total Past Due Current Total Loans 90 or More Past Due Still Accruing Nonaccrual Loans Commercial - Non Real Estate: Commercial & Industrial $ 127 $ — $ — $ 127 $ 32,959 $ 33,086 $ — $ 1,081 Commercial Real Estate: Owner Occupied — — — — 136,309 136,309 — — Non-owner occupied — — — — 129,286 129,286 — 364 Construction and Farmland: Residential — — — — 6,706 6,706 — — Commercial — — — — 55,220 55,220 — — Consumer: Installment 4 — — 4 8,466 8,470 — — Residential: Equity Lines — — — — 32,815 32,815 — 92 Single family 960 196 900 2,056 186,990 189,046 695 581 Multifamily — — — — 7,923 7,923 — — All Other Loans — — — — 8,454 8,454 — — Total $ 1,091 $ 196 $ 900 $ 2,187 $ 605,128 $ 607,315 $ 695 $ 2,118 Allowance for loan losses by segment at September 30, 2019 and December 31, 2018 were as follows: As of and for the Nine Months Ended September 30, 2019 (in thousands) Construction and Farmland Residential Commercial Real Estate Commercial - Non Real Estate Consumer All Other Loans Unallocated Total Allowance for credit losses: Beginning Balance $ 583 $ 1,788 $ 1,988 $ 919 $ 53 $ 97 $ 28 $ 5,456 Charge-Offs — (383 ) — (850 ) (5 ) (44 ) — (1,282 ) Recoveries 6 55 14 39 21 15 — 150 Provision for (recovery of) loan losses (202 ) 403 (68 ) 426 (23 ) 59 (28 ) 567 Ending balance $ 387 $ 1,863 $ 1,934 $ 534 $ 46 $ 127 $ — $ 4,891 Ending balance: Individually evaluated for impairment $ — $ 88 $ 161 $ — $ — $ — $ — $ 249 Ending balance: collectively evaluated for impairment $ 387 $ 1,775 $ 1,773 $ 534 $ 46 $ 127 $ — $ 4,642 Loans: Ending balance $ 62,075 $ 235,682 $ 275,708 $ 44,907 $ 8,168 $ 12,250 $ — $ 638,790 Ending balance individually evaluated for impairment $ 255 $ 3,754 $ 3,086 $ 237 $ 9 $ — $ — $ 7,341 Ending balance collectively evaluated for impairment $ 61,820 $ 231,928 $ 272,622 $ 44,670 $ 8,159 $ 12,250 $ — $ 631,449 As of and for the Twelve Months Ended December 31, 2018 (in thousands) Construction and Farmland Residential Commercial Real Estate Commercial - Non Real Estate Consumer All Other Loans Unallocated Total Allowance for credit losses: Beginning Balance $ 332 $ 1,754 $ 1,627 $ 570 $ 69 $ 29 $ 30 $ 4,411 Charge-Offs — (24 ) — (139 ) (33 ) (40 ) — (236 ) Recoveries 266 28 78 100 19 13 — 504 Provision for (recovery of) loan losses (15 ) 30 283 388 (2 ) 95 (2 ) 777 Ending balance $ 583 $ 1,788 $ 1,988 $ 919 $ 53 $ 97 $ 28 $ 5,456 Ending balance: Individually evaluated for impairment $ — $ 119 $ 193 $ 650 $ — $ — $ — $ 962 Ending balance: collectively evaluated for impairment $ 583 $ 1,669 $ 1,795 $ 269 $ 53 $ 97 $ 28 $ 4,494 Loans: Ending balance $ 61,926 $ 229,784 $ 265,595 $ 33,086 $ 8,470 $ 8,454 $ — $ 607,315 Ending balance individually evaluated for impairment $ 280 $ 4,044 $ 2,919 $ 1,316 $ — $ — $ — $ 8,559 Ending balance collectively evaluated for impairment $ 61,646 $ 225,740 $ 262,676 $ 31,770 $ 8,470 $ 8,454 $ — $ 598,756 Impaired loans by class as of and for the periods ended September 30, 2019 and December 31, 2018 were as follows: As of and for the Nine Months Ended September 30, 2019 (in thousands) Unpaid Principal Balance Recorded Investment (1) Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial - Non Real Estate: Commercial & Industrial $ 383 $ 238 $ — $ 270 $ 17 Commercial Real Estate: Owner Occupied 370 361 — 362 4 Non-owner occupied 411 339 — 342 — Construction and Farmland: Residential — — — — — Commercial 309 256 — 268 19 Consumer: Installment 9 9 — 10 — Residential: Equity lines 278 71 — 73 1 Single family 2,772 2,300 — 2,553 56 Multifamily 368 368 — 376 17 Other Loans — — — — — $ 4,900 $ 3,942 $ — $ 4,254 $ 114 With an allowance recorded: Commercial - Non Real Estate: Commercial & Industrial $ — $ — $ — $ — $ — Commercial Real Estate: Owner Occupied — — — — — Non-owner occupied 2,386 2,393 161 2,411 78 Construction and Farmland: Residential — — — — — Commercial — — — — — Consumer: Installment — — — — — Residential: Equity lines — — — — — Single family 1,081 1,021 88 1,031 33 Multifamily — — — — — Other Loans — — — — — $ 3,467 $ 3,414 $ 249 $ 3,442 $ 111 Total: Commercial $ 383 $ 238 $ — $ 270 $ 17 Commercial Real Estate 3,167 3,093 161 3,115 82 Construction and Farmland 309 256 — 268 19 Consumer 9 9 — 10 — Residential 4,499 3,760 88 4,033 107 Other — — — — — Total $ 8,367 $ 7,356 $ 249 $ 7,696 $ 225 (1) Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. Accrued interest and net deferred loan fees or costs totaled $15 thousand at September 30, 2019 . As of and for the Twelve Months End December 31, 2018 (in thousands) Unpaid Principal Balance Recorded Investment (1) Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial - Non Real Estate: Commercial & Industrial $ 564 $ 356 $ — $ 422 $ 25 Commercial Real Estate: Owner Occupied — — — — — Non-owner occupied 558 501 — 511 4 Construction and Farmland: Residential — — — — — Commercial 332 281 — 297 27 Consumer: Installment — — — — — Residential: Equity lines 468 92 — 93 — Single family 2,616 2,499 — 2,565 101 Multifamily 284 286 — 289 14 Other Loans — — — — — $ 4,822 $ 4,015 $ — $ 4,177 $ 171 With an allowance recorded: Commercial - Non Real Estate: Commercial & Industrial $ 971 $ 960 $ 650 $ 1,063 $ 60 Commercial Real Estate: Owner Occupied — — — — — Non-owner occupied 2,418 2,425 193 2,454 101 Construction and Farmland: Residential — — — — — Commercial — — — — — Consumer: Installment — — — — — Residential: Equity lines — — — — — Single family 1,242 1,190 119 1,204 51 Multifamily — — — — — Other Loans — — — — — $ 4,631 $ 4,575 $ 962 $ 4,721 $ 212 Total: Commercial $ 1,535 $ 1,316 $ 650 $ 1,485 $ 85 Commercial Real Estate 2,976 2,926 193 2,965 105 Construction and Farmland 332 281 — 297 27 Consumer — — — — — Residential 4,610 4,067 119 4,151 166 Other — — — — — Total $ 9,453 $ 8,590 $ 962 $ 8,898 $ 383 (1) Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. Accrued interest and net deferred loan fees or costs totaled $31 thousand at December 31, 2018 . The average recorded investment for impaired loans for the three months ended September 30, 2019 was $7.6 million . The interest income recognized on impaired loans for the three months ended September 30, 2019 was $73 thousand . When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is in nonaccrual status, all payments are applied to principal under the cost-recovery method. For financial statement purposes, the recorded investment in nonaccrual loans is the actual principal balance reduced by payments that would otherwise have been applied to interest. When reporting information on these loans to the applicable customers, the unpaid principal balance is reported as if payments were applied to principal and interest under the original terms of the loan agreements. Therefore, the unpaid principal balance reported to the customer would be higher than the recorded investment in the loan for financial statement purposes. When the ultimate collectability of the total principal of the impaired loan is not in doubt and the loan is in nonaccrual status, contractual interest is credited to interest income when received under the cash-basis method. The Company uses a rating system for evaluating the risks associated with non-consumer loans. Consumer loans are not evaluated for risk unless the characteristics of the loan fall within classified categories. Consumer loans are evaluated for collection based on payment performance. Descriptions of these ratings are as follows: Pass Pass loans exhibit acceptable history of profits, cash flow ability and liquidity. Sufficient cash flow exists to service the loan. All obligations have been paid by the borrower in an as agreed manner. Pass Monitored Pass monitored loans may be experiencing income and cash volatility, inconsistent operating trends, nominal liquidity and/or a leveraged balance sheet. A higher level of supervision is required for these loans as the potential for a negative event could impact the borrower’s ability to repay the loan. Special Mention Special mention loans exhibit negative trends and potential weakness that, if left uncorrected, may negatively affect the borrower’s ability to repay its obligations. The risk of default is not imminent and the borrower still demonstrates sufficient financial strength to service debt. Substandard Substandard loans exhibit well defined weaknesses resulting in a higher probability of default. The borrowers exhibit adverse financial trends and a diminishing ability or willingness to service debt. Doubtful Doubtful loans exhibit all of the characteristics inherent in substandard loans; however given the severity of weaknesses, the collection of 100% of the principal is unlikely under current conditions. Loss Loss loans are considered uncollectible over a reasonable period of time and of such little value that its continuance as a bankable asset is not warranted. Credit quality information by class at September 30, 2019 and December 31, 2018 was as follows: As of September 30, 2019 (in thousands) INTERNAL RISK RATING GRADES Pass Pass Monitored Special Mention Substandard Doubtful Loss Total Commercial - Non Real Estate: Commercial & Industrial $ 37,045 $ 7,742 $ 73 $ 47 $ — $ — $ 44,907 Commercial Real Estate: Owner Occupied 102,875 29,675 16,322 361 — — 149,233 Non-owner occupied 110,525 13,691 307 1,952 — — 126,475 Construction and Farmland: Residential 5,820 2,474 — — — — 8,294 Commercial 19,208 33,978 277 318 — — 53,781 Residential: Equity Lines 32,390 1,558 — 44 26 — 34,018 Single family 169,644 17,161 587 2,283 138 — 189,813 Multifamily 10,888 595 — 368 — — 11,851 All other loans 12,162 40 48 — — — 12,250 Total $ 500,557 $ 106,914 $ 17,614 $ 5,373 $ 164 $ — $ 630,622 Performing Nonperforming Consumer Credit Exposure by Payment Activity $ 8,167 $ 1 As of December 31, 2018 (in thousands) INTERNAL RISK RATING GRADES Pass Pass Monitored Special Mention Substandard Doubtful Loss Total Commercial - Non Real Estate: Commercial & Industrial $ 28,699 $ 2,292 $ 995 $ 1,100 $ — $ — $ 33,086 Commercial Real Estate: Owner Occupied 110,418 16,665 9,187 39 — — 136,309 Non-owner occupied 106,658 17,139 3,397 2,092 — — 129,286 Construction and Farm land: Residential 2,295 1,120 3,291 — — — 6,706 Commercial 16,682 22,533 15,658 347 — — 55,220 Residential: Equity Lines 31,813 910 — 16 76 — 32,815 Single family 172,360 11,567 2,704 2,270 145 — 189,046 Multifamily 7,160 479 — 284 — — 7,923 All other loans 8,435 19 — — — — 8,454 Total $ 484,520 $ 72,724 $ 35,232 $ 6,148 $ 221 $ — $ 598,845 Performing Nonperforming Consumer Credit Exposure by Payment Activity $ 8,466 $ 4 |
Troubled Debt Restructurings
Troubled Debt Restructurings | 9 Months Ended |
Sep. 30, 2019 | |
Receivables [Abstract] | |
Troubled Debt Restructurings | Troubled Debt Restructurings All loans deemed a troubled debt restructuring (“TDR"), are considered impaired, and are evaluated for collateral and cash-flow sufficiency. A loan is considered a TDR when the Company, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that the Company would not otherwise consider. All of the following factors are indicators that the Company has granted a concession (one or multiple items may be present): • The borrower receives a reduction of the stated interest rate to a rate less than the institution is willing to accept at the time of the restructure for a new loan with comparable risk. • The borrower receives an extension of the maturity date or dates at a stated interest rate lower than the current market interest rate for new debt with similar risk characteristics. • The borrower receives a reduction of the face amount or maturity amount of the debt as stated in the instrument or other agreement. • The borrower receives a deferral of required payments (principal and/or interest) which causes more than an insignificant change in cash flow. • The borrower receives a reduction of the accrued interest. There were nineteen ( 19 ) TDR loans totaling $3.2 million at September 30, 2019 . At December 31, 2018 , there were nineteen ( 19 ) TDR loans totaling $3.8 million . Five loans, totaling $549 thousand , were in nonaccrual status at September 30, 2019 . Two loans, totaling $118 thousand , were in nonaccrual status at December 31, 2018 . There were no outstanding commitments to lend additional amounts to troubled debt restructured borrowers at September 30, 2019 or December 31, 2018 . During the three months ended September 30, 2018 and the three and nine months ended September 30, 2019 , the Company restructured no loans by granting concessions to borrowers experiencing financial difficulties. The following table and narrative set forth information on the Company’s TDRs by class of financing receivable occurring during the nine months ended September 30, 2018 : Nine Months Ended September 30, 2018 (in thousands) Number of Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential: Single family 1 $ 86 $ 86 Total 1 $ 86 $ 86 During the nine months ended September 30, 2018 , the Company restructured one loan by granting a concession to the borrower experiencing financial difficulty by extending the maturity date. Payment defaults during the nine months ended September 30, 2019 for TDRs that were restructured within the preceding twelve month period are detailed in the table below. There were no payment defaults during the three months ended September 30, 2019 or the three and nine months ended September 30, 2018 . Nine Months Ended September 30, 2019 (dollars in thousands) Number of Contracts Recorded Investment Residential: Single family 1 $ 74 Total 1 $ 74 Management defines default as over 30 days contractually past due under the modified terms, the foreclosure and/or repossession of the collateral, or the charge-off of the loan during the twelve month period subsequent to the modification. |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2019 | |
Deposits [Abstract] | |
Deposits | NOTE 7. Deposits The composition of deposits at September 30, 2019 and December 31, 2018 was as follows: September 30, 2019 December 31, 2018 (in thousands) Noninterest bearing demand deposits $ 265,483 $ 251,184 Savings and interest bearing demand deposits: NOW accounts $ 87,176 $ 91,549 Money market accounts 155,559 140,581 Regular savings accounts 105,700 104,648 $ 348,435 $ 336,778 Time deposits: Balances of less than $250,000 $ 61,747 $ 62,063 Balances of $250,000 and more 59,734 53,079 $ 121,481 $ 115,142 $ 735,399 $ 703,104 |
Lease (Notes)
Lease (Notes) | 9 Months Ended |
Sep. 30, 2019 | |
Leases [Abstract] | |
Leases | Leases On January 1, 2019, the Company adopted ASU No. 2016-02 “Leases (Topic 842)” and all subsequent ASUs that modified Topic 842. The Company elected the prospective application approach provided by ASU 2018-11 and did not adjust prior periods for ASC 842. The Company also elected certain practical expedients within the standard and consistent with such elections did not reassess whether any expired or existing contracts are or contain leases, did not reassess the lease classification for any expired or existing leases, and did not reassess any initial direct costs for existing leases. As stated in the Company’s 2018 Form 10-K, the implementation of the new standard resulted in recognition of a right-of-use asset and lease liability of $3.8 million at the date of adoption, which is related to the Company’s lease of premises used in operations. The right-of-use asset and lease liability are included in other assets and other liabilities, respectively, in the Consolidated Balance Sheets. Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. The Company’s only long-term lease agreement is classified as an operating lease. This lease offers the option to extend the lease term and the Company has included such extensions in its calculation of the lease liability to the extent the options are reasonably certain of being exercised. The lease agreement does not provide for a residual value guarantee and has no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases: (dollars in thousands) As of September 30, 2019 Lease liability $ 3,696 Right-of-use asset $ 3,650 Weighted average remaining lease term 21 years Weighted average discount rate 3.62 % Nine Months Ended Lease Cost September 30, 2019 Operating lease cost $ 196 Short-term lease cost 12 Total lease cost $ 208 Cash paid for amounts included in the measurement of lease liabilities $ 150 A maturity analysis of operating lease liability and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: As of Lease payments due September 30, 2019 Three months ending December 31, 2019 $ 50 Twelve months ending December 31, 2020 215 Twelve months ending December 31, 2021 220 Twelve months ending December 31, 2022 220 Twelve months ending December 31, 2023 220 Twelve months ending December 31, 2024 220 Thereafter 4,257 Total undiscounted cash flows $ 5,402 Discount (1,706 ) Lease liability $ 3,696 |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Sep. 30, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | NOTE 9. Fair Value Measurements GAAP requires the Company to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of certain assets and liabilities is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurement and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: • Level 1 Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2 Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The following section provides a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy: Securities Available for Sale: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities would include U.S. agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset backed and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. The following table presents balances of financial assets and liabilities measured at fair value on a recurring basis at September 30, 2019 and December 31, 2018 : Fair Value Measurements at September 30, 2019 Using Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2019 (Level 1) (Level 2) (Level 3) (in thousands) Assets: Securities available for sale Obligations of U.S. government corporations and agencies $ 23,371 $ — $ 23,371 $ — Mortgage-backed securities 77,534 — 77,534 — Obligations of states and political subdivisions 36,824 — 36,824 — Total assets at fair value $ 137,729 $ — $ 137,729 $ — Fair Value Measurements at December 31, 2018 Using Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) (in thousands) Assets: Securities available for sale Obligations of U.S. government corporations and agencies $ 21,731 $ — $ 21,731 $ — Mortgage-backed securities 76,483 — 76,483 — Obligations of states and political subdivisions 46,084 — 46,084 — Total assets at fair value $ 144,298 $ — $ 144,298 $ — The table below presents a reconciliation for all assets measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2019 and 2018 . Level 3 Recurring Fair Value Measurements As of and For the Three Months Ended As of and for the Nine Months Ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 (in thousands) (in thousands) Beginning balance $ — $ — $ — $ 543 Purchases — — — — Sales — — — — Issuances — — — — Settlements — — — (543 ) Total assets at fair value $ — $ — $ — $ — Certain financial assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower of cost or market accounting or write downs of individual assets. The following describes the valuation techniques used by the Company to measure certain financial and nonfinancial assets recorded at fair value on a nonrecurring basis in the financial statements: Impaired Loans: Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected when due. The measurement of loss associated with impaired loans can be based on the present value of its expected future cash flows discounted at the loan's coupon rate, or at the loans' observable market price or the fair value of the collateral securing the loans, if they are collateral dependent. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable. The vast majority of the collateral is real estate. The value of real estate collateral is determined utilizing a market valuation approach based on an appraisal conducted by an independent, licensed appraiser using observable market data within the last twelve months (Level 2). However, if the collateral is a house or building in the process of construction or if an appraisal of the property is more than one year old and not solely based on observable market comparables or management determines the fair value of the collateral is further impaired below the appraised value, then a Level 3 valuation is considered to measure the fair value. The value of business equipment is based upon an outside appraisal, of one year or less, if deemed significant, or the net book value on the applicable business’s financial statements if not considered significant using observable market data. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (Level 3). Impaired loans allocated to the allowance for loan losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as provision for loan losses on the Consolidated Statements of Income. Other Real Estate Owned: Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at the fair value of the property, less estimated selling costs, establishing a new costs basis. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the allowance for loan losses. Costs of significant property improvements are capitalized, whereas costs relating to holding property are expensed. The portion of interest costs relating to development of real estate is capitalized. Valuations are periodically obtained by management, and any subsequent write-downs are recorded as a charge to operations, if necessary, to reduce the carrying value of a property to fair value less cost to sell. The fair value measurement of real estate held in other real estate owned is assessed in the same manner as impaired loans described above. We believe that the fair value follows the provisions of GAAP. The following table displays quantitative information about Level 3 Fair Value Measurements for certain financial assets measured at fair value on a nonrecurring basis at September 30, 2019 and December 31, 2018 : Quantitative information about Level 3 Fair Value Measurements for September 30, 2019 Valuation Technique(s) Unobservable Input Range Weighted Average Assets: Impaired loans Discounted appraised value Selling cost 12% 12% Impaired loans Present value of cash flows Discount rate 4% - 6% 5% Other real estate owned Discounted appraised value Discount for current market conditions and selling costs 6% 6% December 31, 2018 Valuation Technique(s) Unobservable Input Range Weighted Average Impaired loans Discounted appraised value Selling cost 0% - 12% 8% Impaired loans Present value of cash flows Discount rate 4% - 6% 5% Other real estate owned Discounted appraised value Discount for current market conditions and selling costs 6% 6% The following table summarizes the Company’s financial and nonfinancial assets that were measured at fair value on a nonrecurring basis at September 30, 2019 and December 31, 2018 : Fair Value at September 30, 2019 Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2019 (Level 1) (Level 2) (Level 3) (in thousands) Financial Assets: Impaired loans $ 3,155 $ — $ — $ 3,155 Nonfinancial Assets: Other real estate owned 442 — — 442 Fair Value at December 31, 2018 Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) (in thousands) Financial Assets: Impaired loans $ 3,598 $ — $ — $ 3,598 Nonfinancial Assets: Other real estate owned 106 — — 106 The carrying value and fair value of the Company’s financial instruments at September 30, 2019 and December 31, 2018 were as follows: Fair Value Measurements at September 30, 2019 Using Carrying Value as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value as of September 30, 2019 (Level 1) (Level 2) (Level 3) September 30, 2019 (in thousands) Financial Assets: Cash and short-term investments $ 39,156 $ 39,156 $ — $ — $ 39,156 Securities 137,729 — 137,729 — 137,729 Restricted Investments 1,622 — 1,622 — 1,622 Loans, net 633,389 — — 623,281 623,281 Bank owned life insurance 424 — 424 — 424 Accrued interest receivable 2,101 — 2,101 — 2,101 Financial Liabilities: Deposits $ 735,399 $ — $ 735,424 $ — $ 735,424 Federal Home Loan Bank advances 10,000 — 9,998 — 9,998 Accrued interest payable 131 — 131 — 131 Fair Value Measurements at December 31, 2018 Using Carrying Value Quoted Prices Significant Significant Fair Value as of December 31, 2018 (Level 1) (Level 2) (Level 3) December 31, 2018 (in thousands) Financial assets: Cash and short-term investments $ 18,353 $ 18,353 $ — $ — $ 18,353 Securities 144,298 — 144,298 — 144,298 Restricted Investments 1,170 — 1,170 — 1,170 Loans, net 601,371 — — 592,566 592,566 Bank owned life insurance 447 — 447 — 447 Accrued interest receivable 2,222 — 2,222 — 2,222 Financial liabilities: Deposits $ 703,104 $ — $ 703,323 $ — $ 703,323 Federal funds purchased 1,871 — 1,871 — 1,871 Accrued interest payable 101 — 101 — 101 |
Change in Accumulated Other Com
Change in Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2019 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Change in Accumulated Other Comprehensive Income | NOTE 10. Change in Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) includes unrealized gains and losses on available for sale securities and changes in benefit obligations and plan assets for the post retirement benefit plan. Changes to accumulated other comprehensive income (loss) are presented net of their tax effect as a component of equity. Reclassifications out of accumulated other comprehensive income (loss) are recorded in the Consolidated Statements of Income either as a gain or loss. Changes to accumulated other comprehensive income (loss) by component are shown in the following tables for the periods indicated: Three Months Ended September 30, 2019 2018 Unrealized Gains and (Losses) on Available for Sale Securities Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan Total Unrealized Gains and (Losses) on Available for Sale Securities Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan Total (dollars in thousands) July 1 $ 1,397 $ 44 $ 1,441 $ (2,677 ) $ 44 $ (2,633 ) Other comprehensive income (loss) before reclassifications 267 — 267 (1,495 ) — (1,495 ) Reclassifications 4 — 4 (6 ) — (6 ) Tax effect of current period changes (57 ) — (57 ) 315 — 315 Current period changes net of taxes 214 — 214 (1,186 ) — (1,186 ) September 30 $ 1,611 $ 44 $ 1,655 $ (3,863 ) $ 44 $ (3,819 ) Nine Months Ended September 30, 2019 2018 Unrealized Gains and (Losses) on Available for Sale Securities Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan Total Unrealized Gains and (Losses) on Available for Sale Securities Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan Total (dollars in thousands) January 1 $ (1,597 ) $ 44 $ (1,553 ) $ 266 $ 44 $ 310 Other comprehensive income (loss) before reclassifications 4,054 — 4,054 (5,209 ) — (5,209 ) Reclassifications 7 — 7 (17 ) — (17 ) Tax effect of current period changes (853 ) — (853 ) 1,097 — 1,097 Current period changes net of taxes 3,208 — 3,208 (4,129 ) — (4,129 ) September 30 $ 1,611 $ 44 $ 1,655 $ (3,863 ) $ 44 $ (3,819 ) For the three months ended September 30, 2019 and 2018 , $(4) thousand and $6 thousand , respectively, was reclassified out of accumulated other comprehensive income (loss) and appeared as (loss) gain on sale of securities in the Consolidated Statements of Income. For the nine months ended September 30, 2019 and 2018 , $(7) thousand and $17 thousand , respectively, was reclassified out of accumulated other comprehensive income (loss) and appeared as (loss) gain on sale of securities in the Consolidated Statements of Income. The tax related to these reclassifications was $1 thousand and $1 thousand for the three months ended September 30, 2019 and 2018 , respectively. The tax related to these reclassifications was $2 thousand and $4 thousand for the nine months ended September 30, 2019 and 2018 , respectively. The tax related to reclassifications in both periods is included in Income Tax Expense in the Consolidated Statements of Income. |
Other Real Estate Owned (Notes)
Other Real Estate Owned (Notes) | 9 Months Ended |
Sep. 30, 2019 | |
Banking and Thrift [Abstract] | |
Real Estate Owned | NOTE 11. Other Real Estate Owned The following table is a summary of other real estate owned ("OREO") activity for the nine months ended September 30, 2019 and 2018 and the year ended December 31, 2018 : Nine Months Ended Year Ended Nine Months Ended September 30, December 31, September 30, 2019 2018 2018 (in thousands) Balance, beginning $ 106 $ 106 $ 106 Transfers from loans 819 2,799 2,799 Gain on foreclosure 192 397 397 Sales (106 ) (1,927 ) — Valuation adjustments (569 ) (1,269 ) (1,269 ) Balance, ending $ 442 $ 106 $ 2,033 The major classifications of other real estate owned in the consolidated balance sheets at September 30, 2019 and December 31, 2018 were as follows: As of September 30, 2019 December 31, 2018 (in thousands) Construction and Farmland $ — $ 106 Residential Real Estate 183 — Commercial Real Estate 828 — Subtotal $ 1,011 $ 106 Less valuation allowance 569 — Total $ 442 $ 106 There were five consumer mortgage loans totaling $507 thousand collateralized by residential real estate in the process of foreclosure at September 30, 2019 . There was one consumer mortgage loan totaling $71 thousand collateralized by residential real estate in the process of foreclosure at December 31, 2018 . |
Qualified Affordable Housing Pr
Qualified Affordable Housing Project Investments (Notes) | 9 Months Ended |
Sep. 30, 2019 | |
Federal Home Loan Banks [Abstract] | |
Qualified Affordable Housing Project Investments | NOTE 12. Qualified Affordable Housing Project Investments The Company invests in qualified affordable housing projects. The general purpose of these investments is to encourage and assist participants in investing in low-income residential rental properties located in the Commonwealth of Virginia, develop and implement strategies to maintain projects as low-income housing, provide tax credits and other tax benefits to investors, and to preserve and protect project assets. At September 30, 2019 and December 31, 2018 , the balance of the investment for qualified affordable housing projects was $3.1 million and $3.3 million , respectively. These balances are reflected in Other assets on the Consolidated Balance Sheets. Total unfunded commitments related to the investments in qualified affordable housing projects totaled $923 thousand and $1.9 million at September 30, 2019 and December 31, 2018 , respectively. These balances are reflected in Other liabilities on the Consolidated Balance Sheets. The Company expects to fulfill these commitments by December 31, 2023, in accordance with the terms of the individual agreements. During the three months ended September 30, 2019 and 2018 , the Company recognized amortization expense of $57 thousand and $52 thousand , respectively. During the nine months ended September 30, 2019 and 2018 , the Company recognized amortization expense of $172 thousand and $138 thousand , respectively. The amortization expense was included in Other operating expenses on the Consolidated Statements of Income. Total estimated credits to be received during 2019 are $379 thousand based on the most recent quarterly estimates received from the funds. Total tax credits and other tax benefits recognized during the three months ended September 30, 2019 and 2018 , were $94 thousand and $70 thousand , respectively. Total tax credits and other tax benefits recognized during the nine months ended September 30, 2019 and 2018 , were $285 thousand and $220 thousand , respectively. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2019 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Pronouncements | NOTE 13. Recent Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. At the FASB’s October 16, 2019 meeting, the Board affirmed its decision to amend the effective date of this ASU for many companies. Public business entities that are SEC filers, excluding those meeting the smaller reporting company definition, will retain the initial required implementation date of fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. All other entities will be required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements. The Company formed a CECL committee during 2016 which continues to meet weekly to address the compliance requirements. Historic loan data has been gathered and reviewed for completeness and accuracy. In addition, the committee has selected a third-party that is assisting in calculating the financial impact of ASU 2016-13 and anticipates running parallel allowance models under the current and new standard in advance of the required implementation date. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-14, “Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans.” These amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. Certain disclosure requirements have been deleted while the following disclosure requirements have been added: the weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates and an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The amendments also clarify the disclosure requirements in paragraph 715-20-50-3, which state that the following information for defined benefit pension plans should be disclosed: The projected benefit obligation (PBO) and fair value of plan assets for plans with PBOs in excess of plan assets and the accumulated benefit obligation (ABO) and fair value of plan assets for plans with ABOs in excess of plan assets. The amendments are effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The Company does not expect the adoption of ASU 2018-14 to have a material impact on its consolidated financial statements. In April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” This ASU clarifies and improves areas of guidance related to the recently issued standards on credit losses, hedging, and recognition and measurement including improvements resulting from various TRG Meetings. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-04 will have on its consolidated financial statements. In May 2019, the FASB issued ASU 2019-05, “Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief.” The amendments in this ASU provide entities that have certain instruments within the scope of Subtopic 326-20 with an option to irrevocably elect the fair value option in Subtopic 825-10, applied on an instrument-by-instrument basis for eligible instruments, upon the adoption of Topic 326. The fair value option election does not apply to held-to-maturity debt securities. An entity that elects the fair value option should subsequently measure those instruments at fair value with changes in fair value flowing through earnings. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments should be applied on a modified-retrospective basis by means of a cumulative-effect adjustment to the opening balance of retained earnings balance in the balance sheet. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-05 will have on its consolidated financial statements. |
Stock-Based Compensation Plan (
Stock-Based Compensation Plan (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Share-based Payment Arrangement, Noncash Expense [Abstract] | |
Restricted Stock Activity | Nine Months Ended September 30, 2019 2018 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Nonvested, beginning of period 16,701 $ 29.72 14,401 $ 24.68 Granted 22,488 30.69 16,950 32.84 Vested (12,400 ) 29.54 (9,109 ) 24.63 Forfeited — — (41 ) 25.50 Nonvested, end of period 26,789 30.62 22,201 30.93 |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Earnings Per Share [Abstract] | |
Weighted Average Number Of Shares Used In Computing Earnings Per Share | The following table shows the weighted average number of shares used in computing earnings per share for the three and nine months ended September 30, 2019 and 2018 . During 2019 and 2018 , there were no potentially dilutive securities outstanding. Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Weighted average number of common shares outstanding used to calculate basic and diluted earnings per share 3,436,660 3,474,246 3,439,980 3,467,201 |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Debt Securities, Available-for-sale [Abstract] | |
Amortized Costs And Fair Values Of Securities Available For Sale | Amortized costs and fair values of securities available for sale at September 30, 2019 and December 31, 2018 were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value September 30, 2019 (in thousands) Obligations of U.S. government corporations and agencies $ 22,921 $ 493 $ (43 ) $ 23,371 Mortgage-backed securities 76,886 808 (160 ) 77,534 Obligations of states and political subdivisions 35,881 966 (23 ) 36,824 $ 135,688 $ 2,267 $ (226 ) $ 137,729 December 31, 2018 (in thousands) Obligations of U.S. government corporations and agencies $ 22,183 $ 29 $ (481 ) $ 21,731 Mortgage-backed securities 77,976 145 (1,638 ) 76,483 Obligations of states and political subdivisions 46,159 394 (469 ) 46,084 $ 146,318 $ 568 $ (2,588 ) $ 144,298 |
Fair Value And Gross Unrealized Losses For Securities Available For Sale | The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous gross unrealized loss position, at September 30, 2019 and December 31, 2018 were as follows: Less than 12 months 12 months or more Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses September 30, 2019 (in thousands) Obligations of U.S. government corporations and agencies $ 1,657 $ 26 $ 3,981 $ 17 $ 5,638 $ 43 Mortgage-backed securities 7,988 38 15,023 122 23,011 160 Obligations of states and political subdivisions 1,701 15 926 8 2,627 23 $ 11,346 $ 79 $ 19,930 $ 147 $ 31,276 $ 226 December 31, 2018 (in thousands) Obligations of U.S. government corporations and agencies $ 1,973 $ 6 $ 13,710 $ 475 $ 15,683 $ 481 Mortgage-backed securities 16,659 332 42,966 1,306 59,625 1,638 Obligations of states and political subdivisions 3,594 52 12,864 417 16,458 469 $ 22,226 $ 390 $ 69,540 $ 2,198 $ 91,766 $ 2,588 |
Restricted Investments | The composition of restricted investments at September 30, 2019 and December 31, 2018 was as follows: September 30, 2019 December 31, 2018 (in thousands) Federal Reserve Bank Stock $ 344 $ 344 Federal Home Loan Bank Stock 1,138 686 Community Bankers’ Bank Stock 140 140 $ 1,622 $ 1,170 |
Loans and Allowance for Loan _2
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Receivables [Abstract] | |
Schedule Of Composition Of Loans | The composition of loans at September 30, 2019 and December 31, 2018 was as follows: September 30, December 31, 2019 2018 (in thousands) Mortgage loans on real estate: Construction and land development $ 48,809 $ 54,675 Secured by farmland 13,266 7,251 Secured by 1-4 family residential properties 223,831 221,861 Multifamily 11,851 7,923 Commercial 275,708 265,595 Commercial and industrial loans 44,907 33,086 Consumer installment loans 8,168 8,470 All other loans 12,250 8,454 Total loans $ 638,790 $ 607,315 Net deferred loan fees (510 ) (488 ) Allowance for loan losses (4,891 ) (5,456 ) Net Loans $ 633,389 $ 601,371 |
Changes In Allowance For Loan Losses | Changes in the allowance for loan losses for the nine months ended September 30, 2019 and 2018 and the year ended December 31, 2018 were as follows: Nine Months Ended Year Ended Nine Months Ended September 30, December 31, September 30, 2019 2018 2018 (in thousands) Balance, beginning $ 5,456 $ 4,411 $ 4,411 Provision for loan losses 567 777 248 Recoveries added to the allowance 150 504 240 Loan losses charged to the allowance (1,282 ) (236 ) (186 ) Balance, ending $ 4,891 $ 5,456 $ 4,713 |
Nonaccrual And Past Due Loans By Class | Nonaccrual and past due loans by class at September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 (in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due Total Past Due Current Total Loans 90 or More Days Past Due Still Accruing Nonaccrual Loans Commercial - Non Real Estate: Commercial & Industrial $ 68 $ — $ — $ 68 $ 44,839 $ 44,907 $ — $ 32 Commercial Real Estate: Owner Occupied — — — — 149,233 149,233 — 324 Non-owner occupied — — — — 126,475 126,475 — 339 Construction and Farmland: Residential — 149 — 149 8,145 8,294 — — Commercial 465 — — 465 53,316 53,781 — — Consumer: Installment — 1 — 1 8,167 8,168 — 9 Residential: Equity Lines 46 — 60 106 33,912 34,018 60 71 Single family 716 66 640 1,422 188,391 189,813 — 1,284 Multifamily — — — — 11,851 11,851 — — All Other Loans — — — — 12,250 12,250 — — Total $ 1,295 $ 216 $ 700 $ 2,211 $ 636,579 $ 638,790 $ 60 $ 2,059 December 31, 2018 (in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due Total Past Due Current Total Loans 90 or More Past Due Still Accruing Nonaccrual Loans Commercial - Non Real Estate: Commercial & Industrial $ 127 $ — $ — $ 127 $ 32,959 $ 33,086 $ — $ 1,081 Commercial Real Estate: Owner Occupied — — — — 136,309 136,309 — — Non-owner occupied — — — — 129,286 129,286 — 364 Construction and Farmland: Residential — — — — 6,706 6,706 — — Commercial — — — — 55,220 55,220 — — Consumer: Installment 4 — — 4 8,466 8,470 — — Residential: Equity Lines — — — — 32,815 32,815 — 92 Single family 960 196 900 2,056 186,990 189,046 695 581 Multifamily — — — — 7,923 7,923 — — All Other Loans — — — — 8,454 8,454 — — Total $ 1,091 $ 196 $ 900 $ 2,187 $ 605,128 $ 607,315 $ 695 $ 2,118 |
Allowance For Loan Losses By Segment | Allowance for loan losses by segment at September 30, 2019 and December 31, 2018 were as follows: As of and for the Nine Months Ended September 30, 2019 (in thousands) Construction and Farmland Residential Commercial Real Estate Commercial - Non Real Estate Consumer All Other Loans Unallocated Total Allowance for credit losses: Beginning Balance $ 583 $ 1,788 $ 1,988 $ 919 $ 53 $ 97 $ 28 $ 5,456 Charge-Offs — (383 ) — (850 ) (5 ) (44 ) — (1,282 ) Recoveries 6 55 14 39 21 15 — 150 Provision for (recovery of) loan losses (202 ) 403 (68 ) 426 (23 ) 59 (28 ) 567 Ending balance $ 387 $ 1,863 $ 1,934 $ 534 $ 46 $ 127 $ — $ 4,891 Ending balance: Individually evaluated for impairment $ — $ 88 $ 161 $ — $ — $ — $ — $ 249 Ending balance: collectively evaluated for impairment $ 387 $ 1,775 $ 1,773 $ 534 $ 46 $ 127 $ — $ 4,642 Loans: Ending balance $ 62,075 $ 235,682 $ 275,708 $ 44,907 $ 8,168 $ 12,250 $ — $ 638,790 Ending balance individually evaluated for impairment $ 255 $ 3,754 $ 3,086 $ 237 $ 9 $ — $ — $ 7,341 Ending balance collectively evaluated for impairment $ 61,820 $ 231,928 $ 272,622 $ 44,670 $ 8,159 $ 12,250 $ — $ 631,449 As of and for the Twelve Months Ended December 31, 2018 (in thousands) Construction and Farmland Residential Commercial Real Estate Commercial - Non Real Estate Consumer All Other Loans Unallocated Total Allowance for credit losses: Beginning Balance $ 332 $ 1,754 $ 1,627 $ 570 $ 69 $ 29 $ 30 $ 4,411 Charge-Offs — (24 ) — (139 ) (33 ) (40 ) — (236 ) Recoveries 266 28 78 100 19 13 — 504 Provision for (recovery of) loan losses (15 ) 30 283 388 (2 ) 95 (2 ) 777 Ending balance $ 583 $ 1,788 $ 1,988 $ 919 $ 53 $ 97 $ 28 $ 5,456 Ending balance: Individually evaluated for impairment $ — $ 119 $ 193 $ 650 $ — $ — $ — $ 962 Ending balance: collectively evaluated for impairment $ 583 $ 1,669 $ 1,795 $ 269 $ 53 $ 97 $ 28 $ 4,494 Loans: Ending balance $ 61,926 $ 229,784 $ 265,595 $ 33,086 $ 8,470 $ 8,454 $ — $ 607,315 Ending balance individually evaluated for impairment $ 280 $ 4,044 $ 2,919 $ 1,316 $ — $ — $ — $ 8,559 Ending balance collectively evaluated for impairment $ 61,646 $ 225,740 $ 262,676 $ 31,770 $ 8,470 $ 8,454 $ — $ 598,756 |
Impaired Loans By Class | Impaired loans by class as of and for the periods ended September 30, 2019 and December 31, 2018 were as follows: As of and for the Nine Months Ended September 30, 2019 (in thousands) Unpaid Principal Balance Recorded Investment (1) Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial - Non Real Estate: Commercial & Industrial $ 383 $ 238 $ — $ 270 $ 17 Commercial Real Estate: Owner Occupied 370 361 — 362 4 Non-owner occupied 411 339 — 342 — Construction and Farmland: Residential — — — — — Commercial 309 256 — 268 19 Consumer: Installment 9 9 — 10 — Residential: Equity lines 278 71 — 73 1 Single family 2,772 2,300 — 2,553 56 Multifamily 368 368 — 376 17 Other Loans — — — — — $ 4,900 $ 3,942 $ — $ 4,254 $ 114 With an allowance recorded: Commercial - Non Real Estate: Commercial & Industrial $ — $ — $ — $ — $ — Commercial Real Estate: Owner Occupied — — — — — Non-owner occupied 2,386 2,393 161 2,411 78 Construction and Farmland: Residential — — — — — Commercial — — — — — Consumer: Installment — — — — — Residential: Equity lines — — — — — Single family 1,081 1,021 88 1,031 33 Multifamily — — — — — Other Loans — — — — — $ 3,467 $ 3,414 $ 249 $ 3,442 $ 111 Total: Commercial $ 383 $ 238 $ — $ 270 $ 17 Commercial Real Estate 3,167 3,093 161 3,115 82 Construction and Farmland 309 256 — 268 19 Consumer 9 9 — 10 — Residential 4,499 3,760 88 4,033 107 Other — — — — — Total $ 8,367 $ 7,356 $ 249 $ 7,696 $ 225 (1) Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. Accrued interest and net deferred loan fees or costs totaled $15 thousand at September 30, 2019 . As of and for the Twelve Months End December 31, 2018 (in thousands) Unpaid Principal Balance Recorded Investment (1) Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial - Non Real Estate: Commercial & Industrial $ 564 $ 356 $ — $ 422 $ 25 Commercial Real Estate: Owner Occupied — — — — — Non-owner occupied 558 501 — 511 4 Construction and Farmland: Residential — — — — — Commercial 332 281 — 297 27 Consumer: Installment — — — — — Residential: Equity lines 468 92 — 93 — Single family 2,616 2,499 — 2,565 101 Multifamily 284 286 — 289 14 Other Loans — — — — — $ 4,822 $ 4,015 $ — $ 4,177 $ 171 With an allowance recorded: Commercial - Non Real Estate: Commercial & Industrial $ 971 $ 960 $ 650 $ 1,063 $ 60 Commercial Real Estate: Owner Occupied — — — — — Non-owner occupied 2,418 2,425 193 2,454 101 Construction and Farmland: Residential — — — — — Commercial — — — — — Consumer: Installment — — — — — Residential: Equity lines — — — — — Single family 1,242 1,190 119 1,204 51 Multifamily — — — — — Other Loans — — — — — $ 4,631 $ 4,575 $ 962 $ 4,721 $ 212 Total: Commercial $ 1,535 $ 1,316 $ 650 $ 1,485 $ 85 Commercial Real Estate 2,976 2,926 193 2,965 105 Construction and Farmland 332 281 — 297 27 Consumer — — — — — Residential 4,610 4,067 119 4,151 166 Other — — — — — Total $ 9,453 $ 8,590 $ 962 $ 8,898 $ 383 |
Credit Quality Information By Class | Credit quality information by class at September 30, 2019 and December 31, 2018 was as follows: As of September 30, 2019 (in thousands) INTERNAL RISK RATING GRADES Pass Pass Monitored Special Mention Substandard Doubtful Loss Total Commercial - Non Real Estate: Commercial & Industrial $ 37,045 $ 7,742 $ 73 $ 47 $ — $ — $ 44,907 Commercial Real Estate: Owner Occupied 102,875 29,675 16,322 361 — — 149,233 Non-owner occupied 110,525 13,691 307 1,952 — — 126,475 Construction and Farmland: Residential 5,820 2,474 — — — — 8,294 Commercial 19,208 33,978 277 318 — — 53,781 Residential: Equity Lines 32,390 1,558 — 44 26 — 34,018 Single family 169,644 17,161 587 2,283 138 — 189,813 Multifamily 10,888 595 — 368 — — 11,851 All other loans 12,162 40 48 — — — 12,250 Total $ 500,557 $ 106,914 $ 17,614 $ 5,373 $ 164 $ — $ 630,622 Performing Nonperforming Consumer Credit Exposure by Payment Activity $ 8,167 $ 1 As of December 31, 2018 (in thousands) INTERNAL RISK RATING GRADES Pass Pass Monitored Special Mention Substandard Doubtful Loss Total Commercial - Non Real Estate: Commercial & Industrial $ 28,699 $ 2,292 $ 995 $ 1,100 $ — $ — $ 33,086 Commercial Real Estate: Owner Occupied 110,418 16,665 9,187 39 — — 136,309 Non-owner occupied 106,658 17,139 3,397 2,092 — — 129,286 Construction and Farm land: Residential 2,295 1,120 3,291 — — — 6,706 Commercial 16,682 22,533 15,658 347 — — 55,220 Residential: Equity Lines 31,813 910 — 16 76 — 32,815 Single family 172,360 11,567 2,704 2,270 145 — 189,046 Multifamily 7,160 479 — 284 — — 7,923 All other loans 8,435 19 — — — — 8,454 Total $ 484,520 $ 72,724 $ 35,232 $ 6,148 $ 221 $ — $ 598,845 Performing Nonperforming Consumer Credit Exposure by Payment Activity $ 8,466 $ 4 |
Troubled Debt Restructurings Tr
Troubled Debt Restructurings Troubled Debt Restructurings (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Receivables [Abstract] | |
Troubled Debt Restructurings on Financing Receivables | There were nineteen ( 19 ) TDR loans totaling $3.2 million at September 30, 2019 . At December 31, 2018 , there were nineteen ( 19 ) TDR loans totaling $3.8 million . Five loans, totaling $549 thousand , were in nonaccrual status at September 30, 2019 . Two loans, totaling $118 thousand , were in nonaccrual status at December 31, 2018 . There were no outstanding commitments to lend additional amounts to troubled debt restructured borrowers at September 30, 2019 or December 31, 2018 . During the three months ended September 30, 2018 and the three and nine months ended September 30, 2019 , the Company restructured no loans by granting concessions to borrowers experiencing financial difficulties. The following table and narrative set forth information on the Company’s TDRs by class of financing receivable occurring during the nine months ended September 30, 2018 : Nine Months Ended September 30, 2018 (in thousands) Number of Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential: Single family 1 $ 86 $ 86 Total 1 $ 86 $ 86 |
Loans By Class Of Financing Receivable Modified As TDRs | Nine Months Ended September 30, 2019 (dollars in thousands) Number of Contracts Recorded Investment Residential: Single family 1 $ 74 Total 1 $ 74 |
Deposits (Tables)
Deposits (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Deposits [Abstract] | |
Composition Of Deposits | The composition of deposits at September 30, 2019 and December 31, 2018 was as follows: September 30, 2019 December 31, 2018 (in thousands) Noninterest bearing demand deposits $ 265,483 $ 251,184 Savings and interest bearing demand deposits: NOW accounts $ 87,176 $ 91,549 Money market accounts 155,559 140,581 Regular savings accounts 105,700 104,648 $ 348,435 $ 336,778 Time deposits: Balances of less than $250,000 $ 61,747 $ 62,063 Balances of $250,000 and more 59,734 53,079 $ 121,481 $ 115,142 $ 735,399 $ 703,104 |
Lease (Tables)
Lease (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Leases [Abstract] | |
Assets And Liabilities, Lessee | The following tables present information about the Company’s leases: (dollars in thousands) As of September 30, 2019 Lease liability $ 3,696 Right-of-use asset $ 3,650 Weighted average remaining lease term 21 years Weighted average discount rate 3.62 % Nine Months Ended Lease Cost September 30, 2019 Operating lease cost $ 196 Short-term lease cost 12 Total lease cost $ 208 Cash paid for amounts included in the measurement of lease liabilities $ 150 |
Lessee, Operating Lease, Liability, Maturity | A maturity analysis of operating lease liability and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: As of Lease payments due September 30, 2019 Three months ending December 31, 2019 $ 50 Twelve months ending December 31, 2020 215 Twelve months ending December 31, 2021 220 Twelve months ending December 31, 2022 220 Twelve months ending December 31, 2023 220 Twelve months ending December 31, 2024 220 Thereafter 4,257 Total undiscounted cash flows $ 5,402 Discount (1,706 ) Lease liability $ 3,696 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Fair Value Disclosures [Abstract] | |
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis | The following table presents balances of financial assets and liabilities measured at fair value on a recurring basis at September 30, 2019 and December 31, 2018 : Fair Value Measurements at September 30, 2019 Using Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2019 (Level 1) (Level 2) (Level 3) (in thousands) Assets: Securities available for sale Obligations of U.S. government corporations and agencies $ 23,371 $ — $ 23,371 $ — Mortgage-backed securities 77,534 — 77,534 — Obligations of states and political subdivisions 36,824 — 36,824 — Total assets at fair value $ 137,729 $ — $ 137,729 $ — Fair Value Measurements at December 31, 2018 Using Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) (in thousands) Assets: Securities available for sale Obligations of U.S. government corporations and agencies $ 21,731 $ — $ 21,731 $ — Mortgage-backed securities 76,483 — 76,483 — Obligations of states and political subdivisions 46,084 — 46,084 — Total assets at fair value $ 144,298 $ — $ 144,298 $ — |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The table below presents a reconciliation for all assets measured and recognized at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2019 and 2018 . Level 3 Recurring Fair Value Measurements As of and For the Three Months Ended As of and for the Nine Months Ended September 30, 2019 September 30, 2018 September 30, 2019 September 30, 2018 (in thousands) (in thousands) Beginning balance $ — $ — $ — $ 543 Purchases — — — — Sales — — — — Issuances — — — — Settlements — — — (543 ) Total assets at fair value $ — $ — $ — $ — |
Quantitative Information About Level 3 Fair Value Measurements For Certain Financial Assets | The following table displays quantitative information about Level 3 Fair Value Measurements for certain financial assets measured at fair value on a nonrecurring basis at September 30, 2019 and December 31, 2018 : Quantitative information about Level 3 Fair Value Measurements for September 30, 2019 Valuation Technique(s) Unobservable Input Range Weighted Average Assets: Impaired loans Discounted appraised value Selling cost 12% 12% Impaired loans Present value of cash flows Discount rate 4% - 6% 5% Other real estate owned Discounted appraised value Discount for current market conditions and selling costs 6% 6% December 31, 2018 Valuation Technique(s) Unobservable Input Range Weighted Average Impaired loans Discounted appraised value Selling cost 0% - 12% 8% Impaired loans Present value of cash flows Discount rate 4% - 6% 5% Other real estate owned Discounted appraised value Discount for current market conditions and selling costs 6% 6% |
Financial And Nonfinancial Assets Measured At Fair Value On A Nonrecurring Basis | The following table summarizes the Company’s financial and nonfinancial assets that were measured at fair value on a nonrecurring basis at September 30, 2019 and December 31, 2018 : Fair Value at September 30, 2019 Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2019 (Level 1) (Level 2) (Level 3) (in thousands) Financial Assets: Impaired loans $ 3,155 $ — $ — $ 3,155 Nonfinancial Assets: Other real estate owned 442 — — 442 Fair Value at December 31, 2018 Balance as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) (in thousands) Financial Assets: Impaired loans $ 3,598 $ — $ — $ 3,598 Nonfinancial Assets: Other real estate owned 106 — — 106 |
Company's Financial Instruments | The carrying value and fair value of the Company’s financial instruments at September 30, 2019 and December 31, 2018 were as follows: Fair Value Measurements at September 30, 2019 Using Carrying Value as of Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Fair Value as of September 30, 2019 (Level 1) (Level 2) (Level 3) September 30, 2019 (in thousands) Financial Assets: Cash and short-term investments $ 39,156 $ 39,156 $ — $ — $ 39,156 Securities 137,729 — 137,729 — 137,729 Restricted Investments 1,622 — 1,622 — 1,622 Loans, net 633,389 — — 623,281 623,281 Bank owned life insurance 424 — 424 — 424 Accrued interest receivable 2,101 — 2,101 — 2,101 Financial Liabilities: Deposits $ 735,399 $ — $ 735,424 $ — $ 735,424 Federal Home Loan Bank advances 10,000 — 9,998 — 9,998 Accrued interest payable 131 — 131 — 131 Fair Value Measurements at December 31, 2018 Using Carrying Value Quoted Prices Significant Significant Fair Value as of December 31, 2018 (Level 1) (Level 2) (Level 3) December 31, 2018 (in thousands) Financial assets: Cash and short-term investments $ 18,353 $ 18,353 $ — $ — $ 18,353 Securities 144,298 — 144,298 — 144,298 Restricted Investments 1,170 — 1,170 — 1,170 Loans, net 601,371 — — 592,566 592,566 Bank owned life insurance 447 — 447 — 447 Accrued interest receivable 2,222 — 2,222 — 2,222 Financial liabilities: Deposits $ 703,104 $ — $ 703,323 $ — $ 703,323 Federal funds purchased 1,871 — 1,871 — 1,871 Accrued interest payable 101 — 101 — 101 |
Change in Accumulated Other C_2
Change in Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Changes To Accumulated Other Comprehensive Income By Components | Changes to accumulated other comprehensive income (loss) by component are shown in the following tables for the periods indicated: Three Months Ended September 30, 2019 2018 Unrealized Gains and (Losses) on Available for Sale Securities Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan Total Unrealized Gains and (Losses) on Available for Sale Securities Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan Total (dollars in thousands) July 1 $ 1,397 $ 44 $ 1,441 $ (2,677 ) $ 44 $ (2,633 ) Other comprehensive income (loss) before reclassifications 267 — 267 (1,495 ) — (1,495 ) Reclassifications 4 — 4 (6 ) — (6 ) Tax effect of current period changes (57 ) — (57 ) 315 — 315 Current period changes net of taxes 214 — 214 (1,186 ) — (1,186 ) September 30 $ 1,611 $ 44 $ 1,655 $ (3,863 ) $ 44 $ (3,819 ) Nine Months Ended September 30, 2019 2018 Unrealized Gains and (Losses) on Available for Sale Securities Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan Total Unrealized Gains and (Losses) on Available for Sale Securities Change in Benefit Obligations and Plan Assets for the Post Retirement Benefit Plan Total (dollars in thousands) January 1 $ (1,597 ) $ 44 $ (1,553 ) $ 266 $ 44 $ 310 Other comprehensive income (loss) before reclassifications 4,054 — 4,054 (5,209 ) — (5,209 ) Reclassifications 7 — 7 (17 ) — (17 ) Tax effect of current period changes (853 ) — (853 ) 1,097 — 1,097 Current period changes net of taxes 3,208 — 3,208 (4,129 ) — (4,129 ) September 30 $ 1,611 $ 44 $ 1,655 $ (3,863 ) $ 44 $ (3,819 ) |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Banking and Thrift [Abstract] | |
Other Real Estate, Roll Forward | Nine Months Ended Year Ended Nine Months Ended September 30, December 31, September 30, 2019 2018 2018 (in thousands) Balance, beginning $ 106 $ 106 $ 106 Transfers from loans 819 2,799 2,799 Gain on foreclosure 192 397 397 Sales (106 ) (1,927 ) — Valuation adjustments (569 ) (1,269 ) (1,269 ) Balance, ending $ 442 $ 106 $ 2,033 |
Schedule of Real Estate Properties | As of September 30, 2019 December 31, 2018 (in thousands) Construction and Farmland $ — $ 106 Residential Real Estate 183 — Commercial Real Estate 828 — Subtotal $ 1,011 $ 106 Less valuation allowance 569 — Total $ 442 $ 106 |
General (Details)
General (Details) | Sep. 30, 2019 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Ownership percentage in subsidiaries | 100.00% |
Stock-Based Compensation Plan_2
Stock-Based Compensation Plan (Restricted Stock Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock incentive plan, authorized common stock | 500,000 | |
Shares, Nonvested, beginning of period | 16,701 | 14,401 |
Shares, Granted | 22,488 | 16,950 |
Shares, Vested | (12,400) | (9,109) |
Shares, Forfeited | 0 | (41) |
Shares, Nonvested, end of period | 26,789 | 22,201 |
Weighted Average Grant Date Fair Value, Nonvested, beginning of period | $ 29.72 | $ 24.68 |
Weighted Average Grant Date Fair Value, Granted | 30.69 | 32.84 |
Weighted Average Grant Date Fair Value, Vested | 29.54 | 24.63 |
Weighted average Grant Date Fair Value, Forfeited | 0 | 25.50 |
Weighted Average Grant Date Fair Value, Nonvested, end of period | $ 30.62 | $ 30.93 |
Deferred Compensation Arrangements Unrecognized Compensation Cost Related To Unvested Restricted Stock | $ 227 | |
Outside Directors [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Vesting service period of grants to executive officers | 9 months | |
Service Period [Member] | Officer [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Vesting service period of grants to executive officers | 3 years | |
Performance Measure [Member] | Executive Officers [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Vesting service period of grants to executive officers | 1 year |
Earnings Per Common Share (Weig
Earnings Per Common Share (Weighted Average Number Of Shares Used In Computing Earnings Per Share) (Details) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | ||
Average number of common shares outstanding | 3,436,660 | 3,474,246 | 3,439,980 | 3,467,201 |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019USD ($)security | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($)security | Sep. 30, 2018USD ($) | Dec. 31, 2018security | |
Debt Securities, Available-for-sale [Line Items] | |||||
Sales of securities available for sale | $ 12,349 | $ 5,374 | |||
Available-for-sale Securities, Gross Realized Gains | 37 | 62 | |||
Available-for-sale Securities, Gross Realized Losses | $ 44 | 45 | |||
Debt securities included in gross unrealized losses on available for sale securities | security | 30 | 30 | 95 | ||
Carrying value of securities pledged as collateral | $ 1,900 | $ 1,900 | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax | $ (4) | $ 6 | $ (7) | $ 17 |
Securities (Amortized Costs And
Securities (Amortized Costs And Fair Values Of Securities Available For Sale) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | $ 135,688 | $ 146,318 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 2,267 | 568 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (226) | (2,588) |
Securities available for sale, at fair value | 137,729 | 144,298 |
Obligations Of U.S. Government Corporations And Agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 22,921 | 22,183 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 493 | 29 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (43) | (481) |
Securities available for sale, at fair value | 23,371 | 21,731 |
Mortgage-Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 76,886 | 77,976 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 808 | 145 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (160) | (1,638) |
Securities available for sale, at fair value | 77,534 | 76,483 |
Obligations Of States And Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 35,881 | 46,159 |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax | 966 | 394 |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | (23) | (469) |
Securities available for sale, at fair value | $ 36,824 | $ 46,084 |
Securities (Fair Value And Gros
Securities (Fair Value And Gross Unrealized Losses For Securities Available For Sale) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value, Less than 12 months | $ 11,346 | $ 22,226 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 79 | 390 |
Fair Value, 12 months or more | 19,930 | 69,540 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 147 | 2,198 |
Fair Value, Total | 31,276 | 91,766 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 226 | 2,588 |
Obligations Of U.S. Government Corporations And Agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value, Less than 12 months | 1,657 | 1,973 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 26 | 6 |
Fair Value, 12 months or more | 3,981 | 13,710 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 17 | 475 |
Fair Value, Total | 5,638 | 15,683 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 43 | 481 |
Mortgage-Backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value, Less than 12 months | 7,988 | 16,659 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 38 | 332 |
Fair Value, 12 months or more | 15,023 | 42,966 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 122 | 1,306 |
Fair Value, Total | 23,011 | 59,625 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 160 | 1,638 |
Obligations Of States And Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Fair Value, Less than 12 months | 1,701 | 3,594 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 15 | 52 |
Fair Value, 12 months or more | 926 | 12,864 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 8 | 417 |
Fair Value, Total | 2,627 | 16,458 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 23 | $ 469 |
Securities (Restricted Investme
Securities (Restricted Investments) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ||
Restricted Investments | $ 1,622 | $ 1,170 |
Federal Reserve Bank Stock [Member] | ||
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ||
Restricted Investments | 344 | 344 |
Federal Home Loan Bank Stock [Member] | ||
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ||
Restricted Investments | 1,138 | 686 |
Community Bankers' Bank Stock [Member] | ||
Carrying Value Qualitative Disclosures Related To Election [Line Items] | ||
Restricted Investments | $ 140 | $ 140 |
Loans and Allowance for Loan _3
Loans and Allowance for Loan Losses (Schedule of Composition of Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | $ 638,790 | $ 607,315 |
Net deferred loan fees | (510) | (488) |
Allowance for loan losses | (4,891) | (5,456) |
Net Loans | 633,389 | 601,371 |
Construction and land development | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | 48,809 | 54,675 |
Secured by farmland | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | 13,266 | 7,251 |
Secured by 1-4 family residential properties | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | 223,831 | 221,861 |
Multifamily | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | 11,851 | 7,923 |
Commercial Real Estate | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | 275,708 | 265,595 |
Commercial and industrial loans | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | 44,907 | 33,086 |
Consumer installment loans | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | 8,168 | 8,470 |
All other loans | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Loans | $ 12,250 | $ 8,454 |
Loans and Allowance for Loan _4
Loans and Allowance for Loan Losses (Changes In Allowance For Loan Losses) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | $ 5,456 | $ 4,411 | $ 4,411 |
Provision for loan losses | 567 | 248 | 777 |
Recoveries added to the allowance | 150 | 240 | 504 |
Loan losses charged to the allowance | (1,282) | (186) | (236) |
Ending Balance | $ 4,891 | $ 4,713 | $ 5,456 |
Loans and Allowance for Loan _5
Loans and Allowance for Loan Losses (Nonaccrual And Past Due Loans By Class) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Past Due [Line Items] | ||
Past Due | $ 2,211 | $ 2,187 |
Current | 636,579 | 605,128 |
Total Loans | 638,790 | 607,315 |
90 or More Days Past Due Still Accruing | 60 | 695 |
Nonaccrual Loans | 2,059 | 2,118 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 1,295 | 1,091 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 216 | 196 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 700 | 900 |
Commercial - Non Real Estate Commercial And Industrial | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 68 | 127 |
Current | 44,839 | 32,959 |
Total Loans | 44,907 | 33,086 |
90 or More Days Past Due Still Accruing | 0 | |
Nonaccrual Loans | 32 | 1,081 |
Commercial - Non Real Estate Commercial And Industrial | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 68 | 127 |
Commercial - Non Real Estate Commercial And Industrial | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial - Non Real Estate Commercial And Industrial | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 149,233 | 136,309 |
Total Loans | 149,233 | 136,309 |
Nonaccrual Loans | 324 | 0 |
Commercial Real Estate Owner Occupied | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Owner Occupied | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Owner Occupied | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Non-Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 126,475 | 129,286 |
Total Loans | 126,475 | 129,286 |
Nonaccrual Loans | 339 | 364 |
Commercial Real Estate Non-Owner Occupied | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Non-Owner Occupied | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Commercial Real Estate Non-Owner Occupied | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Construction And Farmland Residential | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 149 | 0 |
Current | 8,145 | 6,706 |
Total Loans | 8,294 | 6,706 |
Nonaccrual Loans | 0 | 0 |
Construction And Farmland Residential | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Construction And Farmland Residential | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 149 | 0 |
Construction And Farmland Residential | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Construction And Farmland Commercial | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 465 | 0 |
Current | 53,316 | 55,220 |
Total Loans | 53,781 | 55,220 |
Nonaccrual Loans | 0 | 0 |
Construction And Farmland Commercial | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 465 | 0 |
Construction And Farmland Commercial | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Construction And Farmland Commercial | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Consumer Installment | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 1 | 4 |
Current | 8,167 | 8,466 |
Total Loans | 8,168 | 8,470 |
90 or More Days Past Due Still Accruing | 0 | 0 |
Nonaccrual Loans | 9 | 0 |
Consumer Installment | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 4 |
Consumer Installment | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 1 | 0 |
Consumer Installment | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Residential Equity Lines | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 106 | 0 |
Current | 33,912 | 32,815 |
Total Loans | 34,018 | 32,815 |
90 or More Days Past Due Still Accruing | 60 | |
Nonaccrual Loans | 71 | 92 |
Residential Equity Lines | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 46 | 0 |
Residential Equity Lines | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Residential Equity Lines | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 60 | 0 |
Residential Single Family | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 1,422 | 2,056 |
Current | 188,391 | 186,990 |
Total Loans | 189,813 | 189,046 |
90 or More Days Past Due Still Accruing | 0 | 695 |
Nonaccrual Loans | 1,284 | 581 |
Residential Single Family | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 716 | 960 |
Residential Single Family | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 66 | 196 |
Residential Single Family | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 640 | 900 |
Residential Multifamily | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 11,851 | 7,923 |
Total Loans | 11,851 | 7,923 |
Nonaccrual Loans | 0 | 0 |
Residential Multifamily | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Residential Multifamily | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Residential Multifamily | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
All Other Loans | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 12,250 | 8,454 |
Total Loans | 12,250 | 8,454 |
Nonaccrual Loans | 0 | 0 |
All Other Loans | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
All Other Loans | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | 0 | 0 |
All Other Loans | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Past Due [Line Items] | ||
Past Due | $ 0 | $ 0 |
Loans and Allowance for Loan _6
Loans and Allowance for Loan Losses (Allowance For Loan Losses By Segment) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | $ 5,456 | $ 4,411 | $ 4,411 |
Charge-Offs | (1,282) | (186) | (236) |
Recoveries | 150 | 240 | 504 |
Provision for (recovery of) loan losses | 567 | 248 | 777 |
Ending Balance | 4,891 | 4,713 | 5,456 |
Ending balance: Individually evaluated for impairment | 249 | 962 | |
Ending balance: collectively evaluated for impairment | 4,642 | 4,494 | |
Loans Ending Balance | 638,790 | 607,315 | |
Ending balance individually evaluated for impairment | 7,341 | 8,559 | |
Ending balance collectively evaluated for impairment | 631,449 | 598,756 | |
Construction and Farmland | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 583 | 332 | 332 |
Charge-Offs | 0 | 0 | |
Recoveries | 6 | 266 | |
Provision for (recovery of) loan losses | (202) | (15) | |
Ending Balance | 387 | 583 | |
Ending balance: Individually evaluated for impairment | 0 | 0 | |
Ending balance: collectively evaluated for impairment | 387 | 583 | |
Loans Ending Balance | 62,075 | 61,926 | |
Ending balance individually evaluated for impairment | 255 | 280 | |
Ending balance collectively evaluated for impairment | 61,820 | 61,646 | |
Residential | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 1,788 | 1,754 | 1,754 |
Charge-Offs | (383) | (24) | |
Recoveries | 55 | 28 | |
Provision for (recovery of) loan losses | 403 | 30 | |
Ending Balance | 1,863 | 1,788 | |
Ending balance: Individually evaluated for impairment | 88 | 119 | |
Ending balance: collectively evaluated for impairment | 1,775 | 1,669 | |
Loans Ending Balance | 235,682 | 229,784 | |
Ending balance individually evaluated for impairment | 3,754 | 4,044 | |
Ending balance collectively evaluated for impairment | 231,928 | 225,740 | |
Commercial Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 1,988 | 1,627 | 1,627 |
Charge-Offs | 0 | 0 | |
Recoveries | 14 | 78 | |
Provision for (recovery of) loan losses | (68) | 283 | |
Ending Balance | 1,934 | 1,988 | |
Ending balance: Individually evaluated for impairment | 161 | 193 | |
Ending balance: collectively evaluated for impairment | 1,773 | 1,795 | |
Loans Ending Balance | 275,708 | 265,595 | |
Ending balance individually evaluated for impairment | 3,086 | 2,919 | |
Ending balance collectively evaluated for impairment | 272,622 | 262,676 | |
Commercial - Non Real Estate | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 919 | 570 | 570 |
Charge-Offs | (850) | (139) | |
Recoveries | 39 | 100 | |
Provision for (recovery of) loan losses | 426 | 388 | |
Ending Balance | 534 | 919 | |
Ending balance: Individually evaluated for impairment | 0 | 650 | |
Ending balance: collectively evaluated for impairment | 534 | 269 | |
Loans Ending Balance | 44,907 | 33,086 | |
Ending balance individually evaluated for impairment | 237 | 1,316 | |
Ending balance collectively evaluated for impairment | 44,670 | 31,770 | |
Consumer | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 53 | 69 | 69 |
Charge-Offs | (5) | (33) | |
Recoveries | 21 | 19 | |
Provision for (recovery of) loan losses | (23) | (2) | |
Ending Balance | 46 | 53 | |
Ending balance: Individually evaluated for impairment | 0 | 0 | |
Ending balance: collectively evaluated for impairment | 46 | 53 | |
Loans Ending Balance | 8,168 | 8,470 | |
Ending balance individually evaluated for impairment | 9 | 0 | |
Ending balance collectively evaluated for impairment | 8,159 | 8,470 | |
All Other Loans | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 97 | 29 | 29 |
Charge-Offs | (44) | (40) | |
Recoveries | 15 | 13 | |
Provision for (recovery of) loan losses | 59 | 95 | |
Ending Balance | 127 | 97 | |
Ending balance: Individually evaluated for impairment | 0 | 0 | |
Ending balance: collectively evaluated for impairment | 127 | 97 | |
Loans Ending Balance | 12,250 | 8,454 | |
Ending balance individually evaluated for impairment | 0 | 0 | |
Ending balance collectively evaluated for impairment | 12,250 | 8,454 | |
Unallocated | |||
Financing Receivable, Allowance for Credit Loss [Roll Forward] | |||
Beginning Balance | 28 | $ 30 | 30 |
Provision for (recovery of) loan losses | (28) | (2) | |
Ending Balance | 0 | 28 | |
Ending balance: collectively evaluated for impairment | $ 0 | $ 28 |
Loans and Allowance for Loan _7
Loans and Allowance for Loan Losses (Impaired Loans By Class) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Sep. 30, 2019 | Dec. 31, 2018 | |
Unpaid Principal Balance [Abstract] | |||
Total: | $ 8,367 | $ 8,367 | $ 9,453 |
Recorded Investment [Abstract] | |||
Total: | 7,356 | 7,356 | 8,590 |
Related Allowance | 249 | 249 | 962 |
Average Recorded Investment [Abstract] | |||
Total: | 7,600 | 7,696 | 8,898 |
Interest Income Recognized [Abstract] | |||
Total: | 73 | 225 | 383 |
Consumer Installment | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 9 | 9 | 0 |
Recorded Investment [Abstract] | |||
Total: | 9 | 9 | 0 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
Total: | 10 | 0 | |
Interest Income Recognized [Abstract] | |||
Total: | 0 | 0 | |
Commercial | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 383 | 383 | 1,535 |
Recorded Investment [Abstract] | |||
Total: | 238 | 238 | 1,316 |
Related Allowance | 0 | 0 | 650 |
Average Recorded Investment [Abstract] | |||
Total: | 270 | 1,485 | |
Interest Income Recognized [Abstract] | |||
Total: | 17 | 85 | |
Commercial Real Estate | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 3,167 | 3,167 | 2,976 |
Recorded Investment [Abstract] | |||
Total: | 3,093 | 3,093 | 2,926 |
Related Allowance | 161 | 161 | 193 |
Average Recorded Investment [Abstract] | |||
Total: | 3,115 | 2,965 | |
Interest Income Recognized [Abstract] | |||
Total: | 82 | 105 | |
Construction and Farmland | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 309 | 309 | 332 |
Recorded Investment [Abstract] | |||
Total: | 256 | 256 | 281 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
Total: | 268 | 297 | |
Interest Income Recognized [Abstract] | |||
Total: | 19 | 27 | |
Residential Real Estate | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 4,499 | 4,499 | 4,610 |
Recorded Investment [Abstract] | |||
Total: | 3,760 | 3,760 | 4,067 |
Related Allowance | 88 | 88 | 119 |
Average Recorded Investment [Abstract] | |||
Total: | 4,033 | 4,151 | |
Interest Income Recognized [Abstract] | |||
Total: | 107 | 166 | |
All Other Loans | |||
Unpaid Principal Balance [Abstract] | |||
Total: | 0 | 0 | 0 |
Recorded Investment [Abstract] | |||
Total: | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
Total: | 0 | 0 | |
Interest Income Recognized [Abstract] | |||
Total: | 0 | 0 | |
With No Related Allowance [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 4,900 | 4,900 | 4,822 |
Recorded Investment [Abstract] | |||
With no related allowance: | 3,942 | 3,942 | 4,015 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 4,254 | 4,177 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 114 | 171 | |
With No Related Allowance [Member] | Commercial - Non Real Estate Commercial And Industrial | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 383 | 383 | 564 |
Recorded Investment [Abstract] | |||
With no related allowance: | 238 | 238 | 356 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 270 | 422 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 17 | 25 | |
With No Related Allowance [Member] | Commercial Real Estate Owner Occupied | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 370 | 370 | 0 |
Recorded Investment [Abstract] | |||
With no related allowance: | 361 | 361 | 0 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 362 | 0 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 4 | 0 | |
With No Related Allowance [Member] | Commercial Real Estate Non-Owner Occupied | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 411 | 411 | 558 |
Recorded Investment [Abstract] | |||
With no related allowance: | 339 | 339 | 501 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 342 | 511 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 0 | 4 | |
With No Related Allowance [Member] | Construction And Farmland Commercial | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 309 | 309 | 332 |
Recorded Investment [Abstract] | |||
With no related allowance: | 256 | 256 | 281 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 268 | 297 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 19 | 27 | |
With No Related Allowance [Member] | Consumer Installment | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 9 | 9 | 0 |
Recorded Investment [Abstract] | |||
With no related allowance: | 9 | 9 | 0 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 10 | 0 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 0 | 0 | |
With No Related Allowance [Member] | Residential Equity Lines | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 278 | 278 | 468 |
Recorded Investment [Abstract] | |||
With no related allowance: | 71 | 71 | 92 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 73 | 93 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 1 | 0 | |
With No Related Allowance [Member] | Residential Single Family | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 2,772 | 2,772 | 2,616 |
Recorded Investment [Abstract] | |||
With no related allowance: | 2,300 | 2,300 | 2,499 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 2,553 | 2,565 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 56 | 101 | |
With No Related Allowance [Member] | Residential Multifamily | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 368 | 368 | 284 |
Recorded Investment [Abstract] | |||
With no related allowance: | 368 | 368 | 286 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 376 | 289 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 17 | 14 | |
With No Related Allowance [Member] | All Other Loans | |||
Unpaid Principal Balance [Abstract] | |||
With no related allowance: | 0 | 0 | 0 |
Recorded Investment [Abstract] | |||
With no related allowance: | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
With no related allowance: | 0 | 0 | |
Interest Income Recognized [Abstract] | |||
With no related allowance: | 0 | 0 | |
With An Allowance Recorded [Member] | |||
Unpaid Principal Balance [Abstract] | |||
With an allowance recorded: | 3,467 | 3,467 | 4,631 |
Recorded Investment [Abstract] | |||
With an allowance recorded: | 3,414 | 3,414 | 4,575 |
Related Allowance | 249 | 249 | 962 |
Average Recorded Investment [Abstract] | |||
With an allowance recorded: | 3,442 | 4,721 | |
Interest Income Recognized [Abstract] | |||
With an allowance recorded: | 111 | 212 | |
With An Allowance Recorded [Member] | Commercial - Non Real Estate Commercial And Industrial | |||
Unpaid Principal Balance [Abstract] | |||
With an allowance recorded: | 0 | 0 | 971 |
Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | 960 |
Related Allowance | 0 | 0 | 650 |
Average Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 1,063 | |
Interest Income Recognized [Abstract] | |||
With an allowance recorded: | 0 | 60 | |
With An Allowance Recorded [Member] | Commercial Real Estate Non-Owner Occupied | |||
Unpaid Principal Balance [Abstract] | |||
With an allowance recorded: | 2,386 | 2,386 | 2,418 |
Recorded Investment [Abstract] | |||
With an allowance recorded: | 2,393 | 2,393 | 2,425 |
Related Allowance | 161 | 161 | 193 |
Average Recorded Investment [Abstract] | |||
With an allowance recorded: | 2,411 | 2,454 | |
Interest Income Recognized [Abstract] | |||
With an allowance recorded: | 78 | 101 | |
With An Allowance Recorded [Member] | Construction And Farmland Commercial | |||
Unpaid Principal Balance [Abstract] | |||
With an allowance recorded: | 0 | 0 | 0 |
Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | |
Interest Income Recognized [Abstract] | |||
With an allowance recorded: | 0 | 0 | |
With An Allowance Recorded [Member] | Consumer Installment | |||
Unpaid Principal Balance [Abstract] | |||
With an allowance recorded: | 0 | 0 | 0 |
Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | |
Interest Income Recognized [Abstract] | |||
With an allowance recorded: | 0 | 0 | |
With An Allowance Recorded [Member] | Residential Equity Lines | |||
Unpaid Principal Balance [Abstract] | |||
With an allowance recorded: | 0 | 0 | 0 |
Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | 0 |
Related Allowance | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | |
Interest Income Recognized [Abstract] | |||
With an allowance recorded: | 0 | 0 | |
With An Allowance Recorded [Member] | Residential Single Family | |||
Unpaid Principal Balance [Abstract] | |||
With an allowance recorded: | 1,081 | 1,081 | 1,242 |
Recorded Investment [Abstract] | |||
With an allowance recorded: | 1,021 | 1,021 | 1,190 |
Related Allowance | 88 | 88 | 119 |
Average Recorded Investment [Abstract] | |||
With an allowance recorded: | 1,031 | 1,204 | |
Interest Income Recognized [Abstract] | |||
With an allowance recorded: | 33 | 51 | |
With An Allowance Recorded [Member] | All Other Loans | |||
Unpaid Principal Balance [Abstract] | |||
With an allowance recorded: | 0 | 0 | 0 |
Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | 0 |
Related Allowance | $ 0 | 0 | 0 |
Average Recorded Investment [Abstract] | |||
With an allowance recorded: | 0 | 0 | |
Interest Income Recognized [Abstract] | |||
With an allowance recorded: | $ 0 | $ 0 |
Loans and Allowance for Loan _8
Loans and Allowance for Loan Losses (Credit Quality Information By Class) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | $ 630,622 | $ 598,845 |
Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 500,557 | 484,520 |
Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 106,914 | 72,724 |
Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 17,614 | 35,232 |
Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 5,373 | 6,148 |
Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 164 | 221 |
Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Performing | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 8,167 | 8,466 |
Nonperforming | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 1 | 4 |
Commercial - Non Real Estate Commercial And Industrial | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 44,907 | 33,086 |
Commercial - Non Real Estate Commercial And Industrial | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 37,045 | 28,699 |
Commercial - Non Real Estate Commercial And Industrial | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 7,742 | 2,292 |
Commercial - Non Real Estate Commercial And Industrial | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 73 | 995 |
Commercial - Non Real Estate Commercial And Industrial | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 47 | 1,100 |
Commercial - Non Real Estate Commercial And Industrial | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Commercial - Non Real Estate Commercial And Industrial | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | |
Commercial Real Estate Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 149,233 | 136,309 |
Commercial Real Estate Owner Occupied | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 102,875 | 110,418 |
Commercial Real Estate Owner Occupied | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 29,675 | 16,665 |
Commercial Real Estate Owner Occupied | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 16,322 | 9,187 |
Commercial Real Estate Owner Occupied | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 361 | 39 |
Commercial Real Estate Owner Occupied | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Commercial Real Estate Owner Occupied | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Commercial Real Estate Non-Owner Occupied | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 126,475 | 129,286 |
Commercial Real Estate Non-Owner Occupied | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 110,525 | 106,658 |
Commercial Real Estate Non-Owner Occupied | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 13,691 | 17,139 |
Commercial Real Estate Non-Owner Occupied | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 307 | 3,397 |
Commercial Real Estate Non-Owner Occupied | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 1,952 | 2,092 |
Commercial Real Estate Non-Owner Occupied | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Commercial Real Estate Non-Owner Occupied | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Residential | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 8,294 | 6,706 |
Construction And Farmland Residential | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 5,820 | 2,295 |
Construction And Farmland Residential | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 2,474 | 1,120 |
Construction And Farmland Residential | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 3,291 |
Construction And Farmland Residential | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Residential | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Residential | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Commercial | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 53,781 | 55,220 |
Construction And Farmland Commercial | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 19,208 | 16,682 |
Construction And Farmland Commercial | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 33,978 | 22,533 |
Construction And Farmland Commercial | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 277 | 15,658 |
Construction And Farmland Commercial | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 318 | 347 |
Construction And Farmland Commercial | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Construction And Farmland Commercial | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Equity Lines | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 34,018 | 32,815 |
Residential Equity Lines | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 32,390 | 31,813 |
Residential Equity Lines | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 1,558 | 910 |
Residential Equity Lines | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Equity Lines | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 44 | 16 |
Residential Equity Lines | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 26 | 76 |
Residential Equity Lines | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Single Family | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 189,813 | 189,046 |
Residential Single Family | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 169,644 | 172,360 |
Residential Single Family | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 17,161 | 11,567 |
Residential Single Family | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 587 | 2,704 |
Residential Single Family | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 2,283 | 2,270 |
Residential Single Family | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 138 | 145 |
Residential Single Family | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Multifamily | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 11,851 | 7,923 |
Residential Multifamily | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 10,888 | 7,160 |
Residential Multifamily | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 595 | 479 |
Residential Multifamily | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Multifamily | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 368 | 284 |
Residential Multifamily | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
Residential Multifamily | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
All Other Loans | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 12,250 | 8,454 |
All Other Loans | Pass | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 12,162 | 8,435 |
All Other Loans | Pass Monitored | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 40 | 19 |
All Other Loans | Special Mention | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 48 | 0 |
All Other Loans | Substandard | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
All Other Loans | Doubtful | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | 0 | 0 |
All Other Loans | Loss | ||
Financing Receivable, Credit Quality Indicator [Line Items] | ||
Financing Receivables | $ 0 | $ 0 |
Troubled Debt Restructurings (N
Troubled Debt Restructurings (Narrative) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2019USD ($)contract | Sep. 30, 2019USD ($)contract | Sep. 30, 2018contract | Dec. 31, 2018USD ($)contract | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number of troubled debt restructured loans | 19 | 19 | ||
Loan is considered payment default | 30 days | |||
Financing Receivable, Modifications, Nonaccrual, Number of Contracts | 5 | 5 | 2 | |
Financing Receivable, Modifications, Nonaccrual, Recorded Investment | $ | $ 549 | $ 549 | $ 118 | |
Troubled Debt Restructuring Modifications Number Of Contracts | 1 | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 1 | ||
Total troubled debt restructured loans | $ | $ 3,200 | $ 3,200 | $ 3,800 |
Troubled Debt Restructurings Sc
Troubled Debt Restructurings Schedule Of Troubled Debt Restructurings On Financing Receivables (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2019contract | Sep. 30, 2019USD ($)contract | Sep. 30, 2018USD ($)contract | Dec. 31, 2018contract | |
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ||||
Troubled Debt Restructuring Modifications Number Of Contracts | contract | 1 | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 86 | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 86 | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract | 0 | 1 | ||
Financing Receivable, Modifications, Number of Contracts | contract | 19 | 19 | ||
Residential Single Family | ||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ||||
Troubled Debt Restructuring Modifications Number Of Contracts | contract | 1 | |||
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 86 | |||
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 86 | |||
Troubled Debt Restructurings Within Previous Twelve Months [Member] | ||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ||||
Troubled Debt Restructuring Modifications Recorded Investment | $ 74 | |||
Troubled Debt Restructurings Within Previous Twelve Months [Member] | Residential Single Family | ||||
Troubled Debt Restructuring, Subsequent Periods [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 1 | |||
Troubled Debt Restructuring Modifications Recorded Investment | $ 74 |
Deposits (Composition Of Deposi
Deposits (Composition Of Deposits) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Deposits [Abstract] | ||
Noninterest bearing demand deposits | $ 265,483 | $ 251,184 |
NOW accounts | 87,176 | 91,549 |
Money market accounts | 155,559 | 140,581 |
Regular savings accounts | 105,700 | 104,648 |
Savings and interest bearing demand deposits | 348,435 | 336,778 |
Time Deposits, Less than $250,000 | 61,747 | 62,063 |
Time Deposits, $250,000 or More | 59,734 | 53,079 |
Time deposits | 121,481 | 115,142 |
Total deposits | $ 735,399 | $ 703,104 |
Lease (Details)
Lease (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Jan. 01, 2019 |
Lessee, Lease, Description [Line Items] | ||
Operating lease asset | $ 3,650 | |
Operating lease, liability | $ 3,696 | |
ASU 2016-02 | ||
Lessee, Lease, Description [Line Items] | ||
Operating lease asset | $ 3,800 | |
Operating lease, liability | $ 3,800 |
Lease - Schedule of Lease Infor
Lease - Schedule of Lease Information (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2019USD ($) | |
Leases [Abstract] | |
Lease liability | $ 3,696 |
Right-of-use asset | $ 3,650 |
Weighted average remaining lease term | 21 years |
Weighted average discount rate | 3.62% |
Lease Cost | |
Operating lease cost | $ 196 |
Short-term lease cost | 12 |
Total lease cost | 208 |
Cash paid for amounts included in the measurement of lease liabilities | $ 150 |
Lease - Schedule of Maturity of
Lease - Schedule of Maturity of Lease Liability (Details) $ in Thousands | Sep. 30, 2019USD ($) |
Leases [Abstract] | |
Three months ending December 31, 2019 | $ 50 |
Twelve months ending December 31, 2020 | 215 |
Twelve months ending December 31, 2021 | 220 |
Twelve months ending December 31, 2022 | 220 |
Twelve months ending December 31, 2023 | 220 |
Twelve months ending December 31, 2024 | 220 |
Thereafter | 4,257 |
Total undiscounted cash flows | 5,402 |
Discount | (1,706) |
Lease liability | $ 3,696 |
Fair Value Measurements (Financ
Fair Value Measurements (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | $ 137,729 | $ 144,298 |
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 137,729 | 144,298 |
Obligations Of U.S. Government Corporations And Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 23,371 | 21,731 |
Obligations Of U.S. Government Corporations And Agencies [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 23,371 | 21,731 |
Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 77,534 | 76,483 |
Mortgage-Backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 77,534 | 76,483 |
Obligations Of States And Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 36,824 | 46,084 |
Obligations Of States And Political Subdivisions [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | $ 36,824 | $ 46,084 |
Fair Value Measurements (Assets
Fair Value Measurements (Assets Measured on Recurring Basis, Unobservable Input Reconciliation) (Details) - Significant Unobservable Inputs (Level 3) [Member] - Obligations Of States And Political Subdivisions [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ 0 | $ 0 | $ 0 | $ 543 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases | 0 | 0 | 0 | 0 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales | 0 | 0 | 0 | 0 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances | 0 | 0 | 0 | 0 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements | 0 | 0 | 0 | (543) |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ 0 | $ 0 | $ 0 | $ 0 |
Fair Value Measurements (Quanti
Fair Value Measurements (Quantitative Information About Level 3 Fair Value Measurements For Certain Financial Assets) (Details) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Dec. 31, 2018 | |
Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 6.00% | 6.00% |
Nonrecurring [Member] | Maximum [Member] | Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 6.00% | 6.00% |
Nonrecurring [Member] | Minimum [Member] | Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 6.00% | 6.00% |
Measurement Input, Cost to Sell [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 12.00% | 8.00% |
Measurement Input, Cost to Sell [Member] | Nonrecurring [Member] | Maximum [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 12.00% | 12.00% |
Measurement Input, Cost to Sell [Member] | Nonrecurring [Member] | Minimum [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 12.00% | 0.00% |
Measurement Input, Discount Rate [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 5.00% | 5.00% |
Measurement Input, Discount Rate [Member] | Nonrecurring [Member] | Maximum [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 6.00% | 6.00% |
Measurement Input, Discount Rate [Member] | Nonrecurring [Member] | Minimum [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Quantitative information about level 3 nonrecurring basis | 4.00% | 4.00% |
Fair Value Measurements (Fina_2
Fair Value Measurements (Financial And Nonfinancial Assets Measured At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 442 | $ 106 |
Nonrecurring [Member] | Financial Assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 3,155 | 3,598 |
Nonrecurring [Member] | Financial Assets [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Nonrecurring [Member] | Financial Assets [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 3,155 | 3,598 |
Nonrecurring [Member] | Nonfinancial Assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 442 | 106 |
Nonrecurring [Member] | Nonfinancial Assets [Member] | Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 0 | |
Nonrecurring [Member] | Nonfinancial Assets [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 0 | 0 |
Nonrecurring [Member] | Nonfinancial Assets [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 442 | $ 106 |
Fair Value Measurements (Compan
Fair Value Measurements (Company's Financial Instruments) (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Securities | $ 137,729 | $ 144,298 |
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and short-term investments | 39,156 | 18,353 |
Securities | 0 | 0 |
Bank owned life insurance | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and short-term investments | 0 | 0 |
Securities | 137,729 | 144,298 |
Restricted Investments | 1,622 | 1,170 |
Loans, net | 0 | 0 |
Bank owned life insurance | 424 | 447 |
Accrued interest receivable | 2,101 | 2,222 |
Deposits | 735,424 | 703,323 |
Federal funds purchased | 1,871 | |
Federal Home Loan Bank advances | 9,998 | |
Accrued interest payable | 131 | 101 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Loans, net | 623,281 | 592,566 |
Bank owned life insurance | 0 | 0 |
Carrying Amount [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and short-term investments | 39,156 | 18,353 |
Securities | 137,729 | 144,298 |
Restricted Investments | 1,622 | 1,170 |
Loans, net | 633,389 | 601,371 |
Bank owned life insurance | 424 | 447 |
Accrued interest receivable | 2,101 | 2,222 |
Deposits | 735,399 | 703,104 |
Federal funds purchased | 1,871 | |
Federal Home Loan Bank advances | 10,000 | |
Accrued interest payable | 131 | 101 |
Fair Value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and short-term investments | 39,156 | 18,353 |
Securities | 137,729 | 144,298 |
Restricted Investments | 1,622 | 1,170 |
Loans, net | 623,281 | 592,566 |
Bank owned life insurance | 424 | 447 |
Accrued interest receivable | 2,101 | 2,222 |
Deposits | 735,424 | 703,323 |
Federal funds purchased | 1,871 | |
Federal Home Loan Bank advances | 9,998 | |
Accrued interest payable | $ 131 | $ 101 |
Change in Accumulated Other C_3
Change in Accumulated Other Comprehensive Income (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Debt and Equity Securities, Gain (Loss) | $ (4) | $ 6 | $ (7) | $ 17 |
Reclassification adjustments | 4 | (6) | 7 | (17) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 1 | 1 | 2 | 4 |
Unrealized Gains And Losses On Available For Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Debt and Equity Securities, Gain (Loss) | (7) | 17 | ||
Reclassification adjustments | $ 4 | $ (6) | $ 7 | $ (17) |
Change in Accumulated Other C_4
Change in Accumulated Other Comprehensive Income (Changes To Accumulated Other Comprehensive Income By Components) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ 1,441 | $ (2,633) | $ (1,553) | $ 310 |
Other comprehensive income (loss) before reclassifications | 267 | (1,495) | 4,054 | (5,209) |
Reclassification adjustments | 4 | (6) | 7 | (17) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 1 | 1 | 2 | 4 |
Tax effect of current period changes | (57) | 315 | (853) | 1,097 |
Total other comprehensive income (loss) | 214 | (1,186) | 3,208 | (4,129) |
Ending balance | 1,655 | (3,819) | 1,655 | (3,819) |
Unrealized Gains And Losses On Available For Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 1,397 | (2,677) | (1,597) | 266 |
Other comprehensive income (loss) before reclassifications | 267 | (1,495) | 4,054 | (5,209) |
Reclassification adjustments | 4 | (6) | 7 | (17) |
Tax effect of current period changes | (57) | 315 | (853) | 1,097 |
Total other comprehensive income (loss) | 214 | (1,186) | 3,208 | (4,129) |
Ending balance | 1,611 | (3,863) | 1,611 | (3,863) |
Change In Benefit Obligations And Plan Assets For The Post Retirement Benefit Plan [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 44 | 44 | 44 | 44 |
Ending balance | $ 44 | $ 44 | $ 44 | $ 44 |
Other Real Estate Owned - Other
Other Real Estate Owned - Other Real Estate Owned Rollforward (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Other Real Estate [Roll Forward] | |||
Balance, beginning | $ 106 | $ 106 | $ 106 |
Transfers from loans | 819 | 2,799 | 2,799 |
Gain on foreclosure | 192 | 397 | 397 |
Sales | (106) | 0 | (1,927) |
Valuation adjustments | (569) | (1,269) | (1,269) |
Balance, ending | $ 442 | $ 2,033 | $ 106 |
Other Real Estate Owned - Major
Other Real Estate Owned - Major Classifications of Other Real Estate Owned (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 |
Real Estate Properties [Line Items] | ||||
Other real estate, gross | $ 1,011 | $ 106 | ||
Less valuation allowance | 569 | 0 | ||
Total | 442 | 106 | $ 2,033 | $ 106 |
Construction and Farmland | ||||
Real Estate Properties [Line Items] | ||||
Other real estate, gross | 0 | 106 | ||
Residential Real Estate | ||||
Real Estate Properties [Line Items] | ||||
Other real estate, gross | 183 | 0 | ||
Commercial Real Estate | ||||
Real Estate Properties [Line Items] | ||||
Other real estate, gross | $ 828 | $ 0 |
Other Real Estate Owned Narrati
Other Real Estate Owned Narrative (Details) $ in Thousands | Sep. 30, 2019USD ($)contract | Dec. 31, 2018USD ($)contract |
Receivables [Abstract] | ||
Mortgage Loans In Process Of Foreclosure Number | contract | 5 | 1 |
Mortgage Loans in Process of Foreclosure, Amount | $ | $ 507 | $ 71 |
Qualified Affordable Housing _2
Qualified Affordable Housing Project Investments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Federal Home Loan Banks [Abstract] | |||||
Amortization Method Qualified Affordable Housing Project Investments | $ 3,100 | $ 3,100 | $ 3,300 | ||
Qualified Affordable Housing Project Investments, Commitment | 923 | 923 | $ 1,900 | ||
Amortization Method Qualified Affordable Housing Project Investments, Amortization | 57 | $ 52 | 172 | $ 138 | |
Affordable Housing Tax Credits and Other Tax Benefits Expected to Be Received | 379 | ||||
Affordable Housing Tax Credits and Other Tax Benefits, Amount | $ 94 | $ 70 | $ 285 | $ 220 |