Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Nov. 01, 2017 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | PREMIER FINANCIAL BANCORP INC | |
Entity Central Index Key | 887,919 | |
Current Fiscal Year End Date | --12-31 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 10,668,589 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2017 |
CONSOLIDATED BALANCE SHEETS (UN
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 41,831 | $ 41,443 |
Interest bearing bank balances | 21,681 | 55,720 |
Federal funds sold | 11,632 | 7,555 |
Cash and cash equivalents | 75,144 | 104,718 |
Time deposits with other banks | 2,582 | 2,332 |
Securities available for sale | 289,203 | 288,607 |
Loans | 1,055,324 | 1,024,823 |
Allowance for loan losses | (12,359) | (10,836) |
Net loans | 1,042,965 | 1,013,987 |
Federal Home Loan Bank stock, at cost | 3,185 | 3,200 |
Premises and equipment, net | 23,504 | 24,224 |
Real estate and other property acquired through foreclosure | 11,458 | 12,665 |
Interest receivable | 4,060 | 3,862 |
Goodwill | 35,371 | 35,371 |
Other intangible assets | 3,581 | 4,349 |
Other assets | 1,622 | 2,878 |
Total assets | 1,492,675 | 1,496,193 |
Deposits | ||
Non-interest bearing | 327,965 | 319,618 |
Time deposits, $250,000 and over | 64,919 | 66,378 |
Other interest bearing | 876,500 | 893,390 |
Total deposits | 1,269,384 | 1,279,386 |
Securities sold under agreements to repurchase | 25,116 | 23,820 |
Other borrowed funds | 6,000 | 8,859 |
Subordinated debt | 5,368 | 5,343 |
Interest payable | 358 | 364 |
Other liabilities | 3,192 | 4,237 |
Total liabilities | 1,309,418 | 1,322,009 |
Stockholders' equity | ||
Common stock, no par value; 20,000,000 shares authorized; 10,668,589 shares issued and outstanding at September 30, 2017, and 10,640,735 shares issued and outstanding at December 31, 2016 | 110,353 | 109,911 |
Retained earnings | 72,449 | 66,195 |
Accumulated other comprehensive income (loss) | 455 | (1,922) |
Total stockholders' equity | 183,257 | 174,184 |
Total liabilities and stockholders' equity | $ 1,492,675 | $ 1,496,193 |
CONSOLIDATED BALANCE SHEETS (U3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 |
Stockholders' equity | ||
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock, shares issued (in shares) | 10,668,589 | 10,640,735 |
Common stock, shares outstanding (in shares) | 10,668,589 | 10,640,735 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Interest income | ||||
Loans, including fees | $ 13,469 | $ 13,375 | $ 41,667 | $ 39,084 |
Securities available for sale | ||||
Taxable | 1,427 | 1,285 | 4,236 | 4,075 |
Tax-exempt | 62 | 82 | 198 | 254 |
Federal funds sold and other | 176 | 123 | 515 | 328 |
Total interest income | 15,134 | 14,865 | 46,616 | 43,741 |
Interest expense | ||||
Deposits | 954 | 965 | 2,854 | 2,917 |
Repurchase agreements and other | 7 | 10 | 21 | 28 |
FHLB advances | 0 | 10 | 0 | 32 |
Other borrowings | 68 | 101 | 234 | 321 |
Subordinated debt | 74 | 63 | 218 | 181 |
Total interest expense | 1,103 | 1,149 | 3,327 | 3,479 |
Net interest income | 14,031 | 13,716 | 43,289 | 40,262 |
Provision for loan losses | 891 | 312 | 2,033 | 1,436 |
Net interest income after provision for loan losses | 13,140 | 13,404 | 41,256 | 38,826 |
Non-interest income | ||||
Service charges on deposit accounts | 1,136 | 1,031 | 3,201 | 2,975 |
Electronic banking income | 811 | 791 | 2,424 | 2,355 |
Secondary market mortgage income | 67 | 64 | 173 | 163 |
Other | 163 | 176 | 530 | 571 |
Total non-interest income | 2,177 | 2,062 | 6,328 | 6,064 |
Non-interest expenses | ||||
Salaries and employee benefits | 4,760 | 4,817 | 14,703 | 15,025 |
Occupancy and equipment expenses | 1,511 | 1,635 | 4,481 | 4,697 |
Outside data processing | 1,344 | 1,300 | 4,019 | 3,935 |
Professional fees | 196 | 167 | 721 | 500 |
Taxes, other than payroll, property and income | 189 | 156 | 589 | 473 |
Write-downs, expenses, sales of other real estate owned, net | 346 | 765 | 1,139 | 1,402 |
Amortization of intangibles | 252 | 278 | 768 | 862 |
FDIC insurance | 159 | 278 | 506 | 752 |
Other expenses | 1,168 | 1,212 | 3,401 | 3,674 |
Total non-interest expenses | 9,925 | 10,608 | 30,327 | 31,320 |
Income before income taxes | 5,392 | 4,858 | 17,257 | 13,570 |
Provision for income taxes | 1,925 | 1,694 | 6,207 | 4,803 |
Net income | $ 3,467 | $ 3,164 | $ 11,050 | $ 8,767 |
Net income per share: | ||||
Basic (in dollars per share) | $ 0.33 | $ 0.30 | $ 1.04 | $ 0.83 |
Diluted (in dollars per share) | $ 0.32 | $ 0.30 | $ 1.03 | $ 0.83 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) | ||||
Net income | $ 3,467 | $ 3,164 | $ 11,050 | $ 8,767 |
Other comprehensive income (loss): | ||||
Unrealized gains (losses) arising during the period | (68) | 15 | 3,658 | 4,504 |
Reclassification of realized amount | 0 | 0 | 0 | (4) |
Net change in unrealized gain on securities | (68) | 15 | 3,658 | 4,500 |
Less tax impact | 24 | (5) | (1,281) | (1,576) |
Other comprehensive income (loss) | (44) | 10 | 2,377 | 2,924 |
Comprehensive income | $ 3,423 | $ 3,174 | $ 13,427 | $ 11,691 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] | Total |
Balances at Dec. 31, 2016 | $ 109,911 | $ 66,195 | $ (1,922) | $ 174,184 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net income | 0 | 11,050 | 0 | 11,050 |
Other comprehensive income | 0 | 0 | 2,377 | 2,377 |
Cash dividends paid ($0.45 per share) | 0 | (4,796) | 0 | (4,796) |
Stock based compensation expense | 194 | 0 | 0 | 194 |
Stock options exercised | 248 | 0 | 0 | 248 |
Balances at Sep. 30, 2017 | $ 110,353 | $ 72,449 | $ 455 | $ 183,257 |
CONSOLIDATED STATEMENT OF CHAN7
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) | 9 Months Ended |
Sep. 30, 2017$ / shares | |
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) [Abstract] | |
Cash dividends paid (in dollars per share) | $ 0.45 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash flows from operating activities | ||
Net income | $ 11,050 | $ 8,767 |
Adjustments to reconcile net income to net cash from operating activities | ||
Depreciation | 1,303 | 1,461 |
Provision for loan losses | 2,033 | 1,436 |
Amortization (accretion), net | 1,166 | 2,010 |
OREO writedowns, net | 434 | 508 |
Stock compensation expense | 194 | 160 |
Changes in: | ||
Interest receivable | (198) | (259) |
Other assets | (24) | (140) |
Interest payable | (6) | (76) |
Other liabilities | (1,045) | (2,071) |
Net cash from operating activities | 14,907 | 11,796 |
Cash flows from investing activities | ||
Net change in time deposits with other banks | (250) | 0 |
Purchases of securities available for sale | (49,210) | (22,512) |
Proceeds from maturities and calls of securities available for sale | 50,787 | 62,011 |
Redemption of FRB and FHLB stock | 15 | 190 |
Net change in loans | (30,865) | (51,417) |
Acquisition of subsidiary, net of cash received | 0 | 16,385 |
Purchases of premises and equipment, net | (654) | (413) |
Proceeds from sales of other real estate acquired through foreclosure | 1,827 | 870 |
Net cash from (used in) investing activities | (28,350) | 5,114 |
Cash flows from financing activities | ||
Net change in deposits | (10,020) | 8,246 |
Net change in agreements to repurchase securities | 1,296 | 3,282 |
Repayment of other borrowed funds | (2,859) | (1,824) |
Proceeds from stock option exercises | 248 | 645 |
Repayment of FHLB advances, net | 0 | (772) |
Common stock dividends paid | (4,796) | (4,338) |
Net cash from (used in) financing activities | (16,131) | 5,239 |
Net change in cash and cash equivalents | (29,574) | 22,149 |
Cash and cash equivalents at beginning of period | 104,718 | 72,539 |
Cash and cash equivalents at end of period | 75,144 | 94,688 |
Supplemental disclosures of cash flow information: | ||
Cash paid during period for interest | 3,333 | 3,555 |
Cash paid during period for income taxes | 6,395 | 5,122 |
Loans transferred to real estate acquired through foreclosure | 983 | 631 |
Stock issued to acquire subsidiary | 0 | 22,041 |
Premises transferred to other real estate owned | $ 71 | $ 0 |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended |
Sep. 30, 2017 | |
BASIS OF PRESENTATION [Abstract] | |
BASIS OF PRESENTATION | NOTE 1 - BASIS OF PRESENTATION The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the Company) and its wholly owned subsidiaries (the "Banks"): September 30, 2017 Year Total Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 425,115 $ 1,209 $ 3,509 Premier Bank, Inc. Huntington, West Virginia 1998 1,060,991 2,734 9,007 Parent and Intercompany Eliminations 6,569 (476 ) (1,466 ) Consolidated Total $ 1,492,675 $ 3,467 $ 11,050 All significant intercompany transactions and balances have been eliminated. Recently Issued Accounting Pronouncements In May 2014, FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). In March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation: Improvements to Employee Share-Based Payment Accounting In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments |
SECURITIES
SECURITIES | 9 Months Ended |
Sep. 30, 2017 | |
SECURITIES [Abstract] | |
SECURITIES | NOTE 2 –SECURITIES Amortized cost and fair value of investment securities, by category, at September 30, 2017 are summarized as follows: 2017 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 199,483 $ 1,028 $ (578 ) $ 199,933 U. S. sponsored agency CMO's - residential 56,330 553 (369 ) 56,514 Total mortgage-backed securities of government sponsored agencies 255,813 1,581 (947 ) 256,447 U. S. government sponsored agency securities 19,344 5 (74 ) 19,275 Obligations of states and political subdivisions 13,346 140 (5 ) 13,481 Total available for sale $ 288,503 $ 1,726 $ (1,026 ) $ 289,203 Amortized cost and fair value of investment securities, by category, at December 31, 2016 are summarized as follows: 2016 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 177,105 $ 245 $ (3,173 ) $ 174,177 U. S. sponsored agency CMO's - residential 73,163 761 (657 ) 73,267 Total mortgage-backed securities of government sponsored agencies 250,268 1,006 (3,830 ) 247,444 U. S. government sponsored agency securities 24,652 23 (174 ) 24,501 Obligations of states and political subdivisions 16,645 111 (94 ) 16,662 Total available for sale $ 291,565 $ 1,140 $ (4,098 ) $ 288,607 The amortized cost and fair value of securities at September 30, 2017 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value Available for sale Due in one year or less $ 9,687 $ 9,701 Due after one year through five years 17,073 17,070 Due after five years through ten years 5,375 5,430 Due after ten years 555 555 Mortgage-backed securities of government sponsored agencies 255,813 256,447 Total available for sale $ 288,503 $ 289,203 Securities with unrealized losses at September 30, 2017 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency securities $ 17,242 $ (74 ) $ - $ - $ 17,242 $ (74 ) U.S government sponsored agency MBS – residential 56,820 (429 ) 5,234 (149 ) 62,054 (578 ) U.S government sponsored agency CMO's – residential 11,256 (129 ) 11,184 (240 ) 22,440 (369 ) Obligations of states and political subdivisions 619 (4 ) 775 (1 ) 1,394 (5 ) Total temporarily impaired $ 85,937 $ (636 ) $ 17,193 $ (390 ) $ 103,130 $ (1,026 ) Securities with unrealized losses at December 31, 2016 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency securities $ 17,207 $ (174 ) $ - $ - $ 17,207 $ (174 ) U.S government sponsored agency MBS – residential 157,022 (3,173 ) - - 157,022 (3,173 ) U.S government sponsored agency CMO's – residential 18,374 (373 ) 8,750 (284 ) 27,124 (657 ) Obligations of states and political subdivisions 7,961 (94 ) - - 7,961 (94 ) Total temporarily impaired $ 200,564 $ (3,814 ) $ 8,750 $ (284 ) $ 209,314 $ (4,098 ) The investment portfolio is predominately high credit quality interest-bearing bonds with defined maturity dates backed by the U.S. Government or Government sponsored entities. The unrealized losses at September 30, 2017 and December 31, 2016 are price changes resulting from changes in the interest rate environment and are considered to be temporary declines in the value of the securities. 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. Their fair value is expected to recover as the bonds approach their maturity date and/or market conditions improve. |
LOANS
LOANS | 9 Months Ended |
Sep. 30, 2017 | |
LOANS [Abstract] | |
LOANS | NOTE 3 - LOANS Major classifications of loans at September 30, 2017 and December 31, 2016 are summarized as follows: 2017 2016 Residential real estate $ 337,502 $ 342,294 Multifamily real estate 70,698 74,165 Commercial real estate: Owner occupied 134,773 129,370 Non owner occupied 237,655 220,836 Commercial and industrial 82,332 76,736 Consumer 29,675 30,916 All other 162,689 150,506 $ 1,055,324 $ 1,024,823 Activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2017 was as follows: Loan Class Balance Dec 31, 2016 Provision (credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2017 Residential real estate $ 2,948 $ 363 $ (362 ) $ 52 $ 3,001 Multifamily real estate 785 475 - - 1,260 Commercial real estate: Owner occupied 1,543 (161 ) (7 ) 242 1,617 Non owner occupied 2,350 265 (8 ) - 2,607 Commercial and industrial 1,140 3 (138 ) 95 1,100 Consumer 347 148 (214 ) 86 367 All other 1,723 940 (373 ) 117 2,407 Total $ 10,836 $ 2,033 $ (1,102 ) $ 592 $ 12,359 Activity in the allowance for loan losses by portfolio segment for the nine months ending September 30, 2016 was as follows: Loan Class Balance Dec 31, 2015 Provision (credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2016 Residential real estate $ 2,501 $ 377 $ (107 ) $ 19 $ 2,790 Multifamily real estate 821 92 - - 913 Commercial real estate: Owner occupied 1,509 (140 ) - 2 1,371 Non owner occupied 2,070 645 - - 2,715 Commercial and industrial 1,033 83 (29 ) 42 1,129 Consumer 307 172 (232 ) 71 318 All other 1,406 207 (207 ) 221 1,627 Total $ 9,647 $ 1,436 $ (575 ) $ 355 $ 10,863 Activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2017 was as follows: Loan Class Balance June 30, 2017 Provision (credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2017 Residential real estate $ 2,973 $ 170 $ (163 ) $ 21 $ 3,001 Multifamily real estate 1,337 (77 ) - - 1,260 Commercial real estate: Owner occupied 1,618 5 (7 ) 1 1,617 Non owner occupied 2,334 276 (3 ) - 2,607 Commercial and industrial 1,093 (6 ) (4 ) 17 1,100 Consumer 373 10 (49 ) 33 367 All other 1,967 513 (110 ) 37 2,407 Total $ 11,695 $ 891 $ (336 ) $ 109 $ 12,359 Activity in the allowance for loan losses by portfolio segment for the three months ending September 30, 2016 was as follows: Loan Class Balance June 30, 2016 Provision (credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2016 Residential real estate $ 2,747 $ 91 $ (51 ) $ 3 $ 2,790 Multifamily real estate 822 91 - - 913 Commercial real estate: Owner occupied 1,442 (72 ) - 1 1,371 Non owner occupied 2,708 7 - - 2,715 Commercial and industrial 1,111 43 (29 ) 4 1,129 Consumer 306 139 (142 ) 15 318 All other 1,668 13 (81 ) 27 1,627 Total $ 10,804 $ 312 $ (303 ) $ 50 $ 10,863 Purchased Impaired Loans The Company holds purchased loans for which there was, at their acquisition date, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans is as follows at September 30, 2017 and December 31, 2016. 2017 2016 Residential real estate $ 1,515 $ 1,619 Commercial real estate Owner occupied 1,564 2,013 Non owner occupied - 5,396 Commercial and industrial 214 232 All other 1,828 2,061 Total carrying amount $ 5,121 $ 11,321 Contractual principal balance $ 7,116 $ 14,784 Carrying amount, net of allowance $ 5,071 $ 11,311 For those purchased loans disclosed above, the Company increased the allowance for loan losses by $50,000 for the nine-months ended September 30, 2017, but did not increase the allowance for loan losses for purchased impaired loans during the nine-months ended September 30, 2016. For those purchased loans disclosed above, where the Company can reasonably estimate the cash flows expected to be collected on the loans, a portion of the purchase discount is allocated to an accretable yield adjustment based upon the present value of the future estimated cash flows versus the current carrying value of the loan and the accretable yield portion is being recognized as interest income over the remaining life of the loan. Where the Company cannot reasonably estimate the cash flows expected to be collected on the loans, it has continued to account for those loans using the cost recovery method of income recognition. As such, no portion of a purchase discount adjustment has been determined to meet the definition of an accretable yield adjustment on those loans accounted for using the cost recovery method. If, in the future, cash flows from the borrower(s) can be reasonably estimated, a portion of the purchase discount would be allocated to an accretable yield adjustment based upon the present value of the future estimated cash flows versus the current carrying value of the loan and the accretable yield portion would be recognized as interest income over the remaining life of the loan. Until such accretable yield can be calculated, under the cost recovery method of income recognition, all payments will be used to reduce the carrying value of the loan and no income will be recognized on the loan until the carrying value is reduced to zero. Any loan accounted for under the cost recovery method is also still included as a non-accrual loan in the amounts presented in the tables below. The accretable yield, or income expected to be collected, on the purchased loans above is as follows at September 30, 2017 and September 30, 2016. 2017 2016 Balance at January 1 $ 1,208 $ 185 New loans purchased - 1,151 Accretion of income (398 ) (64 ) Reclassification to non-accretable - - Disposals - - Balance at September 30 $ 810 $ 1,272 Past Due and Non-performing Loans The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of September 30, 2017 and December 31, 2016. The recorded investment in non-accrual loans is less than the principal owed on non-accrual loans due to discounts applied to the carrying value of the loan at time of their acquisition and interest payments made by the borrower which have been used to reduce the recorded investment in the loan rather than recognized as interest income. September 30, 2017 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 3,248 $ 2,846 $ 585 Multifamily real estate 11,101 11,095 334 Commercial real estate Owner occupied 2,052 1,974 63 Non owner occupied 310 209 86 Commercial and industrial 2,062 1,054 648 Consumer 331 304 - All other 6,984 6,863 - Total $ 26,088 $ 24,345 $ 1,716 December 31, 2016 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 3,467 $ 2,794 $ 606 Multifamily real estate 11,157 11,106 334 Commercial real estate Owner occupied 1,769 1,704 15 Non owner occupied 294 196 36 Commercial and industrial 2,537 1,209 1,008 Consumer 366 347 - All other 8,408 8,391 - Total $ 27,998 $ 25,747 $ 1,999 Nonaccrual loans and impaired loans are defined differently. Some loans may be included in both categories, and some may only be included in one category. Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following table presents the aging of the recorded investment in past due loans as of September 30, 2017 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 days past due Total Past Due Loans Not Past Due Residential real estate $ 337,502 $ 6,460 $ 1,717 $ 8,177 $ 329,325 Multifamily real estate 70,698 - 11,429 11,429 59,269 Commercial real estate: Owner occupied 134,773 172 1,979 2,151 132,622 Non owner occupied 237,655 374 227 601 237,054 Commercial and industrial 82,332 179 1,628 1,807 80,525 Consumer 29,675 365 121 486 29,189 All other 162,689 1,370 6,861 8,231 154,458 Total $ 1,055,324 $ 8,920 $ 23,962 $ 32,882 $ 1,022,442 The following table presents the aging of the recorded investment in past due loans as of December 31, 2016 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 days past due Total Past Due Loans Not Past Due Residential real estate $ 342,294 $ 6,113 $ 1,596 $ 7,709 $ 334,585 Multifamily real estate 74,165 - 11,440 11,440 62,725 Commercial real estate: Owner occupied 129,370 1,746 1,474 3,220 126,150 Non owner occupied 220,836 1,803 159 1,962 218,874 Commercial and industrial 76,736 330 2,120 2,450 74,286 Consumer 30,916 403 223 626 30,290 All other 150,506 577 8,187 8,764 141,742 Total $ 1,024,823 $ 10,972 $ 25,199 $ 36,171 $ 988,652 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2017: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ - $ 3,001 $ - $ 3,001 $ 320 $ 335,667 $ 1,515 $ 337,502 Multifamily real estate 517 743 - 1,260 13,588 57,110 - 70,698 Commercial real estate: Owner occupied 301 1,316 - 1,617 3,725 129,484 1,564 134,773 Non-owner occupied 88 2,519 - 2,607 5,583 232,072 - 237,655 Commercial and industrial 105 945 50 1,100 1,129 80,989 214 82,332 Consumer 19 348 - 367 19 29,656 - 29,675 All other 518 1,889 - 2,407 7,177 153,684 1,828 162,689 Total $ 1,548 $ 10,761 $ 50 $ 12,359 $ 31,541 $ 1,018,662 $ 5,121 $ 1,055,324 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2016: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ - $ 2,948 $ - $ 2,948 $ 379 $ 340,296 $ 1,619 $ 342,294 Multifamily real estate - 785 - 785 13,641 60,524 - 74,165 Commercial real estate: Owner occupied 244 1,299 - 1,543 2,801 124,556 2,013 129,370 Non-owner occupied - 2,350 - 2,350 2,373 213,067 5,396 220,836 Commercial and industrial 266 864 10 1,140 1,418 75,086 232 76,736 Consumer - 347 - 347 - 30,916 - 30,916 All other 86 1,637 - 1,723 12,976 135,469 2,061 150,506 Total $ 596 $ 10,230 $ 10 $ 10,836 $ 33,588 $ 979,914 $ 11,321 $ 1,024,823 In the tables below, total individually evaluated impaired loans include certain purchased loans that were acquired with deteriorated credit quality that are still individually evaluated for impairment. The following table presents loans individually evaluated for impairment by class of loans as of September 30, 2017. The table includes $199,000 of loans acquired with deteriorated credit quality that the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 360 $ 320 $ - Multifamily real estate 2,492 2,492 - Commercial real estate Owner occupied 2,916 2,855 - Non owner occupied 3,604 3,512 - Commercial and industrial 1,767 1,012 - All other 3,186 3,066 - 14,325 13,257 - With an allowance recorded: Multifamily real estate $ 11,102 $ 11,095 $ 517 Commercial real estate Owner occupied 888 870 301 Non owner occupied 2,072 2,072 88 Commercial and industrial 468 316 155 Consumer 19 19 19 All other 4,116 4,111 518 18,665 18,483 1,598 Total $ 32,990 $ 31,740 $ 1,598 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2016. The table includes $208,000 of loans acquired with deteriorated credit quality that the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 743 $ 379 $ - Multifamily real estate 13,692 13,641 - Commercial real estate Owner occupied 1,803 1,766 - Non owner occupied 2,465 2,373 - Commercial and industrial 2,429 1,338 - All other 9,868 9,853 - 31,000 29,350 - With an allowance recorded: Commercial real estate Owner occupied $ 1,055 $ 1,035 $ 244 Commercial and industrial 431 288 276 All other 3,124 3,123 86 4,610 4,446 606 Total $ 35,610 $ 33,796 $ 606 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the nine months ended September 30, 2017 and September 30, 2016. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Nine months ended Sept 30, 2017 Nine months ended Sept 30, 2016 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 339 $ 1 $ 1 $ 612 $ 16 $ 14 Multifamily real estate 13,605 196 181 1,580 121 121 Commercial real estate: Owner occupied 3,340 49 49 1,144 3 3 Non-owner occupied 2,955 124 124 5,066 275 273 Commercial and industrial 1,474 114 114 1,155 26 26 Consumer 5 - - - - - All other 8,641 342 341 3,011 40 6 Total $ 30,359 $ 826 $ 810 $ 12,568 $ 481 $ 443 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the three months ended September 30, 2017 and September 30, 2016 The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Three months ended Sept 30, 2017 Three months ended Sept 30, 2016 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 323 $ - $ - $ 667 $ 5 $ 5 Multifamily real estate 13,590 66 60 2,594 63 63 Commercial real estate: Owner occupied 3,910 27 27 1,847 3 3 Non-owner occupied 3,749 63 63 4,240 175 175 Commercial and industrial 1,390 13 13 1,809 10 10 Consumer 9 - - - - - All other 7,183 53 53 5,243 33 - Total $ 30,154 $ 222 $ 216 $ 16,400 $ 289 $ 256 Troubled Debt Restructurings A loan is classified as a troubled debt restructuring ("TDR") when loan terms are modified due to a borrower's financial difficulties and a concession is granted to a borrower that would not have otherwise been considered. Most of the Company's loan modifications involve a restructuring of loan terms prior to maturity to temporarily reduce the payment amount and/or to require only interest for a temporary period, usually up to six months. These modifications generally do not meet the definition of a TDR because the modifications are considered to be an insignificant delay in payment. The determination of an insignificant delay in payment is evaluated based on the facts and circumstances of the individual borrower(s). The following table presents TDR's as of September 30, 2017 and December 31, 2016: September 30, 2017 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 317 $ 110 $ 427 Multifamily real estate - 2,159 2,159 Commercial real estate Owner occupied 602 1,766 2,368 Non owner occupied - 3,875 3,875 Commercial and industrial 57 508 565 Consumer - - - All other 4,783 297 5,080 Total $ 5,759 $ 8,715 $ 14,474 December 31, 2016 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 129 $ 464 $ 593 Multifamily real estate - 2,201 2,201 Commercial real estate Owner occupied - 856 856 Commercial and industrial 62 352 414 All other 751 4,395 5,146 Total $ 942 $ 8,268 $ 9,210 At September 30, 2017 $640,000 in specific reserves were allocated to loans that had restructured terms. At December 31, 2016 $43,000 in specific reserves were allocated to loans that had restructured terms. As of September 30, 2017 and December 31, 2016, there were no commitments to lend additional amounts to these borrowers. The following tables present TDR's that occurred during the nine months ended September 30, 2017 and September 30, 2016, and three months ended September 30, 2017 and September 30, 2016. Nine months ended Sept 30, 2017 Nine months ended Sept 30, 2016 Loan Class Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential real estate - $ - $ - 8 $ 483 $ 483 Commercial real estate Owner occupied 2 1,525 1,525 3 865 865 Non owner occupied 2 3,875 3,875 1 100 100 Commercial and industrial 1 191 191 1 20 20 All other - - - 1 4,106 4,106 Total 5 $ 5,591 $ 5,591 14 $ 5,574 $ 5,574 Three months ended Sept 30, 2017 Three months ended Sept 30, 2016 Loan Class Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential real estate - $ - $ - 6 $ 184 $ 184 Commercial real estate Owner occupied - - - 1 255 255 Non owner occupied 2 3,875 3,875 - - - All other - - - 1 4,106 4,106 Total 2 $ 3,875 $ 3,875 8 $ 4,545 $ 4,545 The modifications reported above for the three and nine months ended September 30, 2017 involve reducing the borrowers' required monthly payment by offering extended interest only periods that exceed the timeframes customarily offered by the Company and/or lengthening the amortization period for loan repayment, each in an effort to help the borrowers keep their loan current. The modifications did not include a permanent reduction of the recorded investment in the loans and did not decrease the stated interest rate on loans. The Company increased the allowance for loan losses related to these loans by $88,000 during the three and nine months ended September 30, 2017. The modifications reported above for the three and nine months ended September 30, 2016 involve reducing the borrowers' required monthly payment by offering extended interest only periods that exceed the timeframes customarily offered by the Company and/or lengthening the amortization period for loan repayment, each in an effort to help the borrowers keep their loan current. The modifications did not include a permanent reduction of the recorded investment in the loans and did not decrease the stated interest rate on loans. The Company increased the allowance for loan losses related to these loans by $35,000 during the three months ended September 30, 2016, and by $181,000 during the nine months ended September 30, 2016. During the three and nine months ended September 30, 2017 and the three and nine months ended September 30, 2016, there were no TDR's for which there was a payment default within twelve months following the modification. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes non-homogeneous loans, such as commercial, commercial real estate, multifamily residential and commercial purpose loans secured by residential real estate, on a monthly basis. For consumer loans, including consumer loans secured by residential real estate, the analysis involves monitoring the performing status of the loan. At the time such loans become past due by 30 days or more, the Company evaluates the loan to determine if a change in risk category is warranted. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of September 30, 2017 and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 324,121 $ 3,502 $ 9,878 $ 1 $ 337,502 Multifamily real estate 52,472 3,590 12,024 2,612 70,698 Commercial real estate: Owner occupied 122,983 4,305 7,485 - 134,773 Non-owner occupied 220,173 11,243 6,239 - 237,655 Commercial and industrial 71,850 7,400 3,082 - 82,332 Consumer 29,145 136 375 19 29,675 All other 148,216 5,479 8,994 - 162,689 Total $ 968,960 $ 35,655 $ 48,077 $ 2,632 $ 1,055,324 As of December 31, 2016, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 328,905 $ 4,880 $ 8,507 $ 2 $ 342,294 Multifamily real estate 59,375 78 14,712 - 74,165 Commercial real estate: Owner occupied 118,134 6,720 4,516 - 129,370 Non-owner occupied 213,641 4,391 2,804 - 220,836 Commercial and industrial 72,094 2,337 2,275 30 76,736 Consumer 30,369 242 305 - 30,916 All other 134,945 1,958 13,603 - 150,506 Total $ 957,463 $ 20,606 $ 46,722 $ 32 $ 1,024,823 |
STOCKHOLDERS' EQUITY AND REGULA
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS | 9 Months Ended |
Sep. 30, 2017 | |
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS [Abstract] | |
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS | NOTE 4- STOCKHOLDERS' EQUITY AND REGULATORY MATTERS The Company's principal source of funds for dividend payments to shareholders is dividends received from the subsidiary Banks. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the amount of dividends that may be paid in any calendar year is limited to the current year's net profits, as defined, combined with the retained net profits of the preceding two years, subject to the capital requirements and additional restrictions as discussed below. During 2017 the Banks could, without prior approval, declare dividends to the Company of approximately $4.1 million plus any 2017 net profits retained to the date of the dividend declaration. The Company and the subsidiary Banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Banks must meet specific guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. These quantitative measures established by regulation to ensure capital adequacy require the Company and Banks to maintain minimum amounts and ratios (set forth in the following table). The final rules implementing the Basel Committee on Banking Supervision's capital guidelines for U.S. Banks (Basel III rules) became effective for the Company and Banks on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule by January 1, 2019. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes, as of September 30, 2017, that the Company and the Banks meet all quantitative capital adequacy requirements to which they are subject. Shown below is a summary of regulatory capital ratios for the Company: September 30, 2017 December 31, 2016 Regulatory Minimum Requirements To Be Considered Well Capitalized Common Equity Tier 1 Capital (to Risk-Weighted Assets) 13.8 % 13.4 % 4.5 % 6.5 % Tier 1 Capital (to Risk-Weighted Assets) 14.4 % 13.9 % 6.0 % 8.0 % Total Capital (to Risk-Weighted Assets) 15.5 % 15.0 % 8.0 % 10.0 % Tier 1 Capital (to Average Assets) 10.7 % 10.1 % 4.0 % 5.0 % Beginning on January 1, 2016 an additional capital conservation buffer has been added to the minimum regulatory capital ratios under the regulatory framework for prompt corrective action. The capital conservation buffer will be measured as a percentage of risk weighted assets and will be phased-in over a four year period from 2016 thru 2019, resulting in a required capital conservation buffer of 0.625% in 2016 and 1.25% in 2017. When fully implemented, the capital conservation buffer will be 2.50% of risk weighted assets over and above the regulatory minimum capital ratios for Common Equity Tier 1 Capital (CET1) to risk-weighted assets, Tier 1 Capital to risk-weighted assets, and Total Capital to risk-weighted assets. The consequences of not meeting the capital conservation buffer thresholds include restrictions on the payment of dividends, restrictions on the payment of discretionary bonuses, and restrictions on the repurchasing of common shares by the Company. The capital ratios of the Affiliate Banks and the Company already exceed the new minimum capital ratios plus the fully phased-in 2.50% capital buffer requiring a CET1 Capital to risk-weighted assets ratio of at least 7.00%, a Tier 1 Capital to risk-weighted assets ratio of at least 8.50% and a Total Capital to risk-weighted assets ratio of at least 10.50%. The Company's capital conservation buffer was 7.50% at September 30, 2017 and 6.95% at December 31, 2016, well in excess of the fully phased-in 2.50% required by December 31, 2019. |
STOCK COMPENSATION EXPENSE
STOCK COMPENSATION EXPENSE | 9 Months Ended |
Sep. 30, 2017 | |
STOCK COMPENSATION EXPENSE [Abstract] | |
STOCK COMPENSATION EXPENSE | NOTE 5 – STOCK COMPENSATION EXPENSE From time to time the Company grants stock options to its employees. The Company estimates the fair value of the options at the time they are granted to employees and expenses that fair value over the vesting period of the option grant. From time to time the Company also grants shares of stock to its employees. The Company uses the closing price of the stock on the date of grant to determine the amount of compensation expense to record as a result of the stock grant. On March 15, 2017, 55,500 incentive stock options were granted under the 2012 Long Term Incentive Plan at an exercise price of $19.01, the closing market price of Premier's common stock on the grant date. These options vest in three equal annual installments ending on March 15, 2020. On March 16, 2016, 55,990 incentive stock options were granted under the 2012 Long Term Incentive Plan at an exercise price of $13.55, the closing market price of Premier's common stock on the grant date. These options vest in three equal annual installments ending on March 16, 2019. On April 19, 2017, 6,000 shares of Premier's common stock were granted to President and CEO, Robert W. Walker as stock-based bonus compensation under the 2012 Long-term Incentive Plan. The fair value of the stock at the time of the grant was $20.70 per share based upon the closing price of Premier's stock on the date of grant and $124,000 of stock-based compensation was recorded as a result. On March 16, 2016, 7,700 shares of Premier's common stock were granted to President and CEO, Robert W. Walker as stock-based bonus compensation under the 2012 Long-term Incentive Plan. The fair value of the stock at the time of the grant was $13.55 per share based upon the closing price of Premier's stock on the date of grant and $104,000 of stock-based compensation was recorded as a result. Compensation expense of $194,000 was recorded for the first nine months of 2017 while $160,000 was recorded for the first nine months of 2016, including the compensation expense related to the stock grants to Mr. Walker. Stock-based compensation expense related to incentive stock option grants is recognized ratably over the requisite vesting period for all awards. Unrecognized stock-based compensation expense related to stock options totaled $92,000 at September 30, 2017. This unrecognized expense is expected to be recognized over the next 29 months based on the vesting periods of the options. |
EARNINGS PER SHARE
EARNINGS PER SHARE | 9 Months Ended |
Sep. 30, 2017 | |
EARNINGS PER SHARE [Abstract] | |
EARNINGS PER SHARE | NOTE 6 – EARNINGS PER SHARE A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and nine months ended September 30, 2017 and 2016 is presented below: Three Months Ended Sept 30, Nine Months Ended Sept 30, 2017 2016 2017 2016 Basic earnings per share Income available to common stockholders $ 3,467 $ 3,164 $ 11,050 $ 8,767 Weighted average common shares outstanding 10,661,157 10,626,185 10,653,594 10,508,809 Earnings per share $ 0.33 $ 0.30 $ 1.04 $ 0.83 Diluted earnings per share Income available to common stockholders $ 3,467 $ 3,164 $ 11,050 $ 8,767 Weighted average common shares outstanding 10,661,157 10,626,185 10,653,594 10,508,809 Add dilutive effects of potential additional common stock 77,794 60,742 80,418 60,372 Weighted average common and dilutive potential common shares outstanding 10,738,951 10,686,927 10,734,012 10,569,181 Earnings per share assuming dilution $ 0.32 $ 0.30 $ 1.03 $ 0.83 There were no stock options considered antidilutive for the three or nine months ended September 30, 2017 and 2016. On December 9, 2016, Premier paid a 10% stock dividend (1 share for every 10 shares owned on record date) to shareholders of record on December 2, 2016. Outstanding shares and per share amounts prior to the payment date have been restated to reflect the additional shares issued as a result of the stock dividend to aid in the comparison to current period results. |
FAIR VALUE
FAIR VALUE | 9 Months Ended |
Sep. 30, 2017 | |
FAIR VALUE [Abstract] | |
FAIR VALUE | NOTE 7 – FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and the Company must use other valuation methods to develop a fair value. Carrying amount is the estimated fair value for cash and due from banks, Federal funds sold, accrued interest receivable and payable, demand deposits, short-term debt, and variable rate loans or deposits that reprice frequently and fully. Fair values of time deposits with other banks are based on current rates for similar time deposits using the remaining time to maturity. It is not practicable to determine the fair value of Federal Home Loan Bank stock due to the restrictions placed on its transferability. For fixed rate loans or deposits and for variable rate loans or deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. Fair values for impaired loans are estimated using discounted cash flow analysis or underlying collateral values. Fair value of debt is based on current rates for similar financing. The fair value of commitments to extend credit and standby letters of credit is not material. The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument measured on a recurring basis: Investment Securities: The fair values for investment securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). The carrying amounts and estimated fair values of financial instruments at September 30, 2017 were as follows: Fair Value Measurements at September 30, 2017 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 63,512 $ 63,512 $ - $ - $ 63,512 Time deposits with other banks 2,582 - 2,589 - 2,589 Federal funds sold 11,632 11,632 - - 11,632 Securities available for sale 289,203 - 289,203 - 289,203 Loans, net 1,042,965 - - 1,029,145 1,029,145 Federal Home Loan Bank stock 3,185 n/a n/a n/a n/a Interest receivable 4,060 - 829 3,231 4,060 Financial liabilities Deposits $ (1,269,384 ) $ (925,328 ) $ (340,134 ) $ - $ (1,265,462 ) Securities sold under agreements to repurchase (25,116 ) - (25,116 ) - (25,116 ) Other borrowed funds (6,000 ) - (5,966 ) - (5,966 ) Subordinated Debt (5,368 ) - (5,381 ) - (5,381 ) Interest payable (358 ) (7 ) (351 ) - (358 ) The carrying amounts and estimated fair values of financial instruments at December 31, 2016 were as follows: Fair Value Measurements at December 31, 2016 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 97,163 $ 97,163 $ - $ - $ 97,163 Time deposits with other banks 2,332 - 2,352 - 2,352 Federal funds sold 7,555 7,555 - - 7,555 Securities available for sale 288,607 - 288,607 - 288,607 Loans, net 1,013,987 - - 1,004,388 1,004,388 Federal Home Loan Bank stock 3,200 n/a n/a n/a n/a Interest receivable 3,862 - 771 3,091 3,862 Financial liabilities Deposits $ (1,279,386 ) $ (920,745 ) $ (354,885 ) $ - $ (1,275,630 ) Securities sold under agreements to repurchase (23,820 ) - (23,820 ) - (23,820 ) Other borrowed funds (8,859 ) - (8,906 ) - (8,906 ) Subordinated debt (5,343 ) - (5,341 ) - (5,341 ) Interest payable (364 ) (7 ) (357 ) - (364 ) Assets and Liabilities Measured on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements at September 30, 2017 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 199,933 $ - $ 199,933 $ - U. S. agency CMO's - residential 56,514 - 56,514 - Total mortgage-backed securities of government sponsored agencies 256,447 - 256,447 - U. S. government sponsored agency securities 19,275 - 19,275 - Obligations of states and political subdivisions 13,481 - 13,481 - Total available for sale $ 289,203 $ - $ 289,203 $ - Fair Value Measurements at December 31, 2016 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 174,177 $ - $ 174,177 $ - U. S. agency CMO's - residential 73,267 - 73,267 - Total mortgage-backed securities of government sponsored agencies 247,444 - 247,444 - U. S. government sponsored agency securities 24,501 - 24,501 - Obligations of states and political subdivisions 16,662 - 16,662 - Total securities available for sale $ 288,607 $ - $ 288,607 $ - There were no transfers between Level 1 and Level 2 during 2017 or 2016. Assets and Liabilities Measured on a Non-Recurring Basis The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument measured on a non-recurring basis: Impaired Loans: The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent collateral appraisals. Real estate appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and unique to each property and result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower's financial statements, or aging reports. Management periodically evaluates the appraised collateral values and will discount the collateral's appraised value to account for a number of factors including but not limited to the cost of liquidating the collateral, the age of the appraisal, observable deterioration since the appraisal, management's expertise and knowledge of the client and client's business, or other factors unique to the collateral. To the extent an adjusted collateral value is lower than the carrying value of an impaired loan, a specific allocation of the allowance for loan losses is assigned to the loan. Other real estate owned (OREO): The fair value of OREO is based on appraisals less cost to sell at the date of foreclosure. Management may obtain additional updated appraisals depending on the length of time since foreclosure. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. Management periodically evaluates the appraised values and will discount a property's appraised value to account for a number of factors including but not limited to the cost of liquidating the collateral, the age of the appraisal, observable deterioration since the appraisal, or other factors unique to the property. To the extent an adjusted appraised value is lower than the carrying value of an OREO property, a direct charge to earnings is recorded as an OREO write-down. Assets and liabilities measured at fair value on a non-recurring basis at September 30, 2017 are summarized below: Fair Value Measurements at September 30, 2017 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Multifamily real estate $ 10,578 $ - $ - $ 10,578 Commercial real estate: Owner occupied 569 - - 569 Non-owner occupied 1,984 - - 1,984 Commercial and industrial 161 - - 161 All other 3,593 - - 3,593 Total impaired loans $ 16,885 $ - $ - $ 16,885 Other real estate owned: Residential real estate $ 370 $ - $ - $ 370 Commercial real estate: Owner occupied 175 - - 175 Non-owner occupied 1,853 - - 1,853 All other 2,855 - - 2,855 Total OREO $ 5,253 $ - $ - $ 5,253 Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a carrying amount of $18,483,000 at September 30, 2017 with a valuation allowance of $1,598,000 and a carrying amount of $4,446,000 at December 31, 2016 with a valuation allowance of $606,000. The change resulted in a provision for loan losses of $1,165,000 for the nine months ended September 30, 2017, compared to an $215,000 provision for loan losses for the nine months ended September 30, 2016 and a $423,000 provision for loan losses for the three months ended September 30, 2017, compared to a $24,000 provision for loan losses for the three months ended September 30, 2016. The detail of impaired loans by loan class is contained in Note 3 above. Other real estate owned measured at fair value less costs to sell, had a net carrying amount of $5,253,000 which is made up of the outstanding balance of $8,642,000 net of a valuation allowance of $3,389,000 at September 30, 2017. There were $474,000 of additional write downs during the nine months ended September 30, 2017, compared to $478,000 of additional write downs during the nine months ended September 30, 2016. For the three months ended September 30, 2017 there were $111,000 of additional write downs compared to $478,000 of additional write downs during the three months ended September 30, 2016. At December 31, 2016, other real estate owned had a net carrying amount of $6,624,000, made up of the outstanding balance of $9,900,000, net of a valuation allowance of $3,276,000. The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at September 30, 2017 are summarized below: September 30, 2017 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Multifamily real estate: $ 10,578 sales comparison adjustment for differences between the comparable sales 4.0%-4.0% (4.0%) Commercial real estate: Owner occupied 569 sales comparison adjustment for estimated realizable value 23.1%-23.1% (23.1%) Non-owner occupied 1,984 income approach adjustment for differences in net operating income expectations 67.4%-67.4% (67.4%) Commercial and industrial 161 sales comparison adjustment for estimated realizable value 8.0%-56.5% (52.8%) All other 3,593 sales comparison adjustment for percentage of completion of construction 8.0%-23.0% (22.7%) Total impaired loans $ 16,885 Other real estate owned: Residential real estate $ 370 sales comparison adjustment for differences between the comparable sales 0.0%-50.2% (16.4%) Commercial real estate: Owner occupied 175 sales comparison adjustment for estimated realizable value 21.8%-21.8% (21.8%) Non-owner occupied 1,853 sales comparison adjustment for estimated realizable value 31.8%-58.9% (34.7%) All other 2,855 sales comparison adjustment for estimated realizable value 15.1%-69.0% (18.8%) Total OREO $ 5,253 Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2016 are summarized below: Fair Value Measurements at December 31, 2016 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Commercial real estate: Owner occupied $ 793 $ - $ - $ 793 Commercial and Industrial 12 - - 12 All Other 3,036 - - 3,036 Total impaired loans $ 3,841 $ - $ - $ 3,841 Other real estate owned: Residential real estate: $ 613 $ - $ - $ 613 Commercial real estate: Owner occupied 175 - - 175 Non-owner occupied 2,153 - - 2,153 All other 3,683 - - 3,683 Total OREO $ 6,624 $ - $ - $ 6,624 The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at December 31, 2016 are summarized below: December 31, 2016 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Commercial Real Estate Owner Occupied $ 793 sales comparison adjustment for limited salability of specialized property 9.3%-76.4% (19.3%) Commercial and Industrial 12 sales comparison adjustment for differences between the comparable sales 8.0%-8.0% (8.0%) All Other 3,036 sales comparison adjustment for differences between the comparable sales 5.7%-9.0% (8.0%) Total impaired loans $ 3,841 Other real estate owned: Residential Real Estate $ 613 sales comparison adjustment for differences between the comparable sales 0.7%-86.8% (25.2%) Commercial Real Estate Owner Occupied 175 sales comparison adjustment for differences between the comparable sales 21.8%-21.8% (21.8%) Non-owner Occupied 2,153 sales comparison adjustment for differences between the comparable sales 17.2%-27.6% (25.7%) All Other 3,683 sales comparison adjustment for estimated realizable value 15.1%-45.4% (21.8%) Total OREO $ 6,624 |
BASIS OF PRESENTATION (Policies
BASIS OF PRESENTATION (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
BASIS OF PRESENTATION [Abstract] | |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements In May 2014, FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606) In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). In March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation: Improvements to Employee Share-Based Payment Accounting In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments |
BASIS OF PRESENTATION (Tables)
BASIS OF PRESENTATION (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
BASIS OF PRESENTATION [Abstract] | |
Accounts of the Company and its Wholly Owned Subsidiaries | The consolidated financial statements include the accounts of Premier Financial Bancorp, Inc. (the Company) and its wholly owned subsidiaries (the "Banks"): September 30, 2017 Year Total Net Income Subsidiary Location Acquired Assets Qtr YTD Citizens Deposit Bank & Trust Vanceburg, Kentucky 1991 $ 425,115 $ 1,209 $ 3,509 Premier Bank, Inc. Huntington, West Virginia 1998 1,060,991 2,734 9,007 Parent and Intercompany Eliminations 6,569 (476 ) (1,466 ) Consolidated Total $ 1,492,675 $ 3,467 $ 11,050 |
SECURITIES (Tables)
SECURITIES (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
SECURITIES [Abstract] | |
Amortized Cost and Fair Value of Investment Securities, by Category | Amortized cost and fair value of investment securities, by category, at September 30, 2017 are summarized as follows: 2017 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 199,483 $ 1,028 $ (578 ) $ 199,933 U. S. sponsored agency CMO's - residential 56,330 553 (369 ) 56,514 Total mortgage-backed securities of government sponsored agencies 255,813 1,581 (947 ) 256,447 U. S. government sponsored agency securities 19,344 5 (74 ) 19,275 Obligations of states and political subdivisions 13,346 140 (5 ) 13,481 Total available for sale $ 288,503 $ 1,726 $ (1,026 ) $ 289,203 Amortized cost and fair value of investment securities, by category, at December 31, 2016 are summarized as follows: 2016 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Available for sale Mortgage-backed securities U. S. sponsored agency MBS - residential $ 177,105 $ 245 $ (3,173 ) $ 174,177 U. S. sponsored agency CMO's - residential 73,163 761 (657 ) 73,267 Total mortgage-backed securities of government sponsored agencies 250,268 1,006 (3,830 ) 247,444 U. S. government sponsored agency securities 24,652 23 (174 ) 24,501 Obligations of states and political subdivisions 16,645 111 (94 ) 16,662 Total available for sale $ 291,565 $ 1,140 $ (4,098 ) $ 288,607 |
Amortized Cost and Fair Value of Securities by Contractual Maturity | The amortized cost and fair value of securities at September 30, 2017 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value Available for sale Due in one year or less $ 9,687 $ 9,701 Due after one year through five years 17,073 17,070 Due after five years through ten years 5,375 5,430 Due after ten years 555 555 Mortgage-backed securities of government sponsored agencies 255,813 256,447 Total available for sale $ 288,503 $ 289,203 |
Securities with Unrealized Losses in Continuous Unrealized Loss Position | Securities with unrealized losses at September 30, 2017 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency securities $ 17,242 $ (74 ) $ - $ - $ 17,242 $ (74 ) U.S government sponsored agency MBS – residential 56,820 (429 ) 5,234 (149 ) 62,054 (578 ) U.S government sponsored agency CMO's – residential 11,256 (129 ) 11,184 (240 ) 22,440 (369 ) Obligations of states and political subdivisions 619 (4 ) 775 (1 ) 1,394 (5 ) Total temporarily impaired $ 85,937 $ (636 ) $ 17,193 $ (390 ) $ 103,130 $ (1,026 ) Securities with unrealized losses at December 31, 2016 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows: Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S government sponsored agency securities $ 17,207 $ (174 ) $ - $ - $ 17,207 $ (174 ) U.S government sponsored agency MBS – residential 157,022 (3,173 ) - - 157,022 (3,173 ) U.S government sponsored agency CMO's – residential 18,374 (373 ) 8,750 (284 ) 27,124 (657 ) Obligations of states and political subdivisions 7,961 (94 ) - - 7,961 (94 ) Total temporarily impaired $ 200,564 $ (3,814 ) $ 8,750 $ (284 ) $ 209,314 $ (4,098 ) |
LOANS (Tables)
LOANS (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
LOANS [Abstract] | |
Major Classifications of Loans | Major classifications of loans at September 30, 2017 and December 31, 2016 are summarized as follows: 2017 2016 Residential real estate $ 337,502 $ 342,294 Multifamily real estate 70,698 74,165 Commercial real estate: Owner occupied 134,773 129,370 Non owner occupied 237,655 220,836 Commercial and industrial 82,332 76,736 Consumer 29,675 30,916 All other 162,689 150,506 $ 1,055,324 $ 1,024,823 |
Activity in the Allowance for Loan Losses by Portfolio Segment | Activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2017 was as follows: Loan Class Balance Dec 31, 2016 Provision (credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2017 Residential real estate $ 2,948 $ 363 $ (362 ) $ 52 $ 3,001 Multifamily real estate 785 475 - - 1,260 Commercial real estate: Owner occupied 1,543 (161 ) (7 ) 242 1,617 Non owner occupied 2,350 265 (8 ) - 2,607 Commercial and industrial 1,140 3 (138 ) 95 1,100 Consumer 347 148 (214 ) 86 367 All other 1,723 940 (373 ) 117 2,407 Total $ 10,836 $ 2,033 $ (1,102 ) $ 592 $ 12,359 Activity in the allowance for loan losses by portfolio segment for the nine months ending September 30, 2016 was as follows: Loan Class Balance Dec 31, 2015 Provision (credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2016 Residential real estate $ 2,501 $ 377 $ (107 ) $ 19 $ 2,790 Multifamily real estate 821 92 - - 913 Commercial real estate: Owner occupied 1,509 (140 ) - 2 1,371 Non owner occupied 2,070 645 - - 2,715 Commercial and industrial 1,033 83 (29 ) 42 1,129 Consumer 307 172 (232 ) 71 318 All other 1,406 207 (207 ) 221 1,627 Total $ 9,647 $ 1,436 $ (575 ) $ 355 $ 10,863 Activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2017 was as follows: Loan Class Balance June 30, 2017 Provision (credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2017 Residential real estate $ 2,973 $ 170 $ (163 ) $ 21 $ 3,001 Multifamily real estate 1,337 (77 ) - - 1,260 Commercial real estate: Owner occupied 1,618 5 (7 ) 1 1,617 Non owner occupied 2,334 276 (3 ) - 2,607 Commercial and industrial 1,093 (6 ) (4 ) 17 1,100 Consumer 373 10 (49 ) 33 367 All other 1,967 513 (110 ) 37 2,407 Total $ 11,695 $ 891 $ (336 ) $ 109 $ 12,359 Activity in the allowance for loan losses by portfolio segment for the three months ending September 30, 2016 was as follows: Loan Class Balance June 30, 2016 Provision (credit) for loan losses Loans charged-off Recoveries Balance Sept 30, 2016 Residential real estate $ 2,747 $ 91 $ (51 ) $ 3 $ 2,790 Multifamily real estate 822 91 - - 913 Commercial real estate: Owner occupied 1,442 (72 ) - 1 1,371 Non owner occupied 2,708 7 - - 2,715 Commercial and industrial 1,111 43 (29 ) 4 1,129 Consumer 306 139 (142 ) 15 318 All other 1,668 13 (81 ) 27 1,627 Total $ 10,804 $ 312 $ (303 ) $ 50 $ 10,863 |
Purchased Loans | The carrying amount of those loans is as follows at September 30, 2017 and December 31, 2016. 2017 2016 Residential real estate $ 1,515 $ 1,619 Commercial real estate Owner occupied 1,564 2,013 Non owner occupied - 5,396 Commercial and industrial 214 232 All other 1,828 2,061 Total carrying amount $ 5,121 $ 11,321 Contractual principal balance $ 7,116 $ 14,784 Carrying amount, net of allowance $ 5,071 $ 11,311 |
Purchase Loans Accretable Yield, or Income Expected to be Collected | The accretable yield, or income expected to be collected, on the purchased loans above is as follows at September 30, 2017 and September 30, 2016. 2017 2016 Balance at January 1 $ 1,208 $ 185 New loans purchased - 1,151 Accretion of income (398 ) (64 ) Reclassification to non-accretable - - Disposals - - Balance at September 30 $ 810 $ 1,272 |
Past Due and Non-performing Loans | The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of September 30, 2017 and December 31, 2016. The recorded investment in non-accrual loans is less than the principal owed on non-accrual loans due to discounts applied to the carrying value of the loan at time of their acquisition and interest payments made by the borrower which have been used to reduce the recorded investment in the loan rather than recognized as interest income. September 30, 2017 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 3,248 $ 2,846 $ 585 Multifamily real estate 11,101 11,095 334 Commercial real estate Owner occupied 2,052 1,974 63 Non owner occupied 310 209 86 Commercial and industrial 2,062 1,054 648 Consumer 331 304 - All other 6,984 6,863 - Total $ 26,088 $ 24,345 $ 1,716 December 31, 2016 Principal Owed on Non-accrual Loans Recorded Investment in Non-accrual Loans Loans Past Due Over 90 Days, still accruing Residential real estate $ 3,467 $ 2,794 $ 606 Multifamily real estate 11,157 11,106 334 Commercial real estate Owner occupied 1,769 1,704 15 Non owner occupied 294 196 36 Commercial and industrial 2,537 1,209 1,008 Consumer 366 347 - All other 8,408 8,391 - Total $ 27,998 $ 25,747 $ 1,999 |
Aging of Recorded Investment in Past Due Loans by Loan Class | The following table presents the aging of the recorded investment in past due loans as of September 30, 2017 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 days past due Total Past Due Loans Not Past Due Residential real estate $ 337,502 $ 6,460 $ 1,717 $ 8,177 $ 329,325 Multifamily real estate 70,698 - 11,429 11,429 59,269 Commercial real estate: Owner occupied 134,773 172 1,979 2,151 132,622 Non owner occupied 237,655 374 227 601 237,054 Commercial and industrial 82,332 179 1,628 1,807 80,525 Consumer 29,675 365 121 486 29,189 All other 162,689 1,370 6,861 8,231 154,458 Total $ 1,055,324 $ 8,920 $ 23,962 $ 32,882 $ 1,022,442 The following table presents the aging of the recorded investment in past due loans as of December 31, 2016 by class of loans: Loan Class Total Loans 30-89 Days Past Due Greater than 90 days past due Total Past Due Loans Not Past Due Residential real estate $ 342,294 $ 6,113 $ 1,596 $ 7,709 $ 334,585 Multifamily real estate 74,165 - 11,440 11,440 62,725 Commercial real estate: Owner occupied 129,370 1,746 1,474 3,220 126,150 Non owner occupied 220,836 1,803 159 1,962 218,874 Commercial and industrial 76,736 330 2,120 2,450 74,286 Consumer 30,916 403 223 626 30,290 All other 150,506 577 8,187 8,764 141,742 Total $ 1,024,823 $ 10,972 $ 25,199 $ 36,171 $ 988,652 |
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method | The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2017: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ - $ 3,001 $ - $ 3,001 $ 320 $ 335,667 $ 1,515 $ 337,502 Multifamily real estate 517 743 - 1,260 13,588 57,110 - 70,698 Commercial real estate: Owner occupied 301 1,316 - 1,617 3,725 129,484 1,564 134,773 Non-owner occupied 88 2,519 - 2,607 5,583 232,072 - 237,655 Commercial and industrial 105 945 50 1,100 1,129 80,989 214 82,332 Consumer 19 348 - 367 19 29,656 - 29,675 All other 518 1,889 - 2,407 7,177 153,684 1,828 162,689 Total $ 1,548 $ 10,761 $ 50 $ 12,359 $ 31,541 $ 1,018,662 $ 5,121 $ 1,055,324 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2016: Allowance for Loan Losses Loan Balances Loan Class Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Acquired with Deteriorated Credit Quality Total Residential real estate $ - $ 2,948 $ - $ 2,948 $ 379 $ 340,296 $ 1,619 $ 342,294 Multifamily real estate - 785 - 785 13,641 60,524 - 74,165 Commercial real estate: Owner occupied 244 1,299 - 1,543 2,801 124,556 2,013 129,370 Non-owner occupied - 2,350 - 2,350 2,373 213,067 5,396 220,836 Commercial and industrial 266 864 10 1,140 1,418 75,086 232 76,736 Consumer - 347 - 347 - 30,916 - 30,916 All other 86 1,637 - 1,723 12,976 135,469 2,061 150,506 Total $ 596 $ 10,230 $ 10 $ 10,836 $ 33,588 $ 979,914 $ 11,321 $ 1,024,823 |
Loans Individually Evaluated for Impairment by Class of Loans | The following table presents loans individually evaluated for impairment by class of loans as of September 30, 2017. The table includes $199,000 of loans acquired with deteriorated credit quality that the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 360 $ 320 $ - Multifamily real estate 2,492 2,492 - Commercial real estate Owner occupied 2,916 2,855 - Non owner occupied 3,604 3,512 - Commercial and industrial 1,767 1,012 - All other 3,186 3,066 - 14,325 13,257 - With an allowance recorded: Multifamily real estate $ 11,102 $ 11,095 $ 517 Commercial real estate Owner occupied 888 870 301 Non owner occupied 2,072 2,072 88 Commercial and industrial 468 316 155 Consumer 19 19 19 All other 4,116 4,111 518 18,665 18,483 1,598 Total $ 32,990 $ 31,740 $ 1,598 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2016. The table includes $208,000 of loans acquired with deteriorated credit quality that the Company cannot reasonably estimate cash flows such that they are accounted for on the cost recovery method and are still individually evaluated for impairment. Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Residential real estate $ 743 $ 379 $ - Multifamily real estate 13,692 13,641 - Commercial real estate Owner occupied 1,803 1,766 - Non owner occupied 2,465 2,373 - Commercial and industrial 2,429 1,338 - All other 9,868 9,853 - 31,000 29,350 - With an allowance recorded: Commercial real estate Owner occupied $ 1,055 $ 1,035 $ 244 Commercial and industrial 431 288 276 All other 3,124 3,123 86 4,610 4,446 606 Total $ 35,610 $ 33,796 $ 606 |
Average Balance of Loans Individually Evaluated for Impairment and Interest Income Recognized | The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the nine months ended September 30, 2017 and September 30, 2016. The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Nine months ended Sept 30, 2017 Nine months ended Sept 30, 2016 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 339 $ 1 $ 1 $ 612 $ 16 $ 14 Multifamily real estate 13,605 196 181 1,580 121 121 Commercial real estate: Owner occupied 3,340 49 49 1,144 3 3 Non-owner occupied 2,955 124 124 5,066 275 273 Commercial and industrial 1,474 114 114 1,155 26 26 Consumer 5 - - - - - All other 8,641 342 341 3,011 40 6 Total $ 30,359 $ 826 $ 810 $ 12,568 $ 481 $ 443 The following table presents the average balance of loans individually evaluated for impairment and interest income recognized on these loans for the three months ended September 30, 2017 and September 30, 2016 The table includes loans acquired with deteriorated credit quality that are still individually evaluated for impairment. Three months ended Sept 30, 2017 Three months ended Sept 30, 2016 Loan Class Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Residential real estate $ 323 $ - $ - $ 667 $ 5 $ 5 Multifamily real estate 13,590 66 60 2,594 63 63 Commercial real estate: Owner occupied 3,910 27 27 1,847 3 3 Non-owner occupied 3,749 63 63 4,240 175 175 Commercial and industrial 1,390 13 13 1,809 10 10 Consumer 9 - - - - - All other 7,183 53 53 5,243 33 - Total $ 30,154 $ 222 $ 216 $ 16,400 $ 289 $ 256 |
Troubled Debt Restructurings | The following table presents TDR's as of September 30, 2017 and December 31, 2016: September 30, 2017 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 317 $ 110 $ 427 Multifamily real estate - 2,159 2,159 Commercial real estate Owner occupied 602 1,766 2,368 Non owner occupied - 3,875 3,875 Commercial and industrial 57 508 565 Consumer - - - All other 4,783 297 5,080 Total $ 5,759 $ 8,715 $ 14,474 December 31, 2016 TDR's on Non-accrual Other TDR's Total TDR's Residential real estate $ 129 $ 464 $ 593 Multifamily real estate - 2,201 2,201 Commercial real estate Owner occupied - 856 856 Commercial and industrial 62 352 414 All other 751 4,395 5,146 Total $ 942 $ 8,268 $ 9,210 |
Troubled Debt Restructuring During the Period | The following tables present TDR's that occurred during the nine months ended September 30, 2017 and September 30, 2016, and three months ended September 30, 2017 and September 30, 2016. Nine months ended Sept 30, 2017 Nine months ended Sept 30, 2016 Loan Class Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential real estate - $ - $ - 8 $ 483 $ 483 Commercial real estate Owner occupied 2 1,525 1,525 3 865 865 Non owner occupied 2 3,875 3,875 1 100 100 Commercial and industrial 1 191 191 1 20 20 All other - - - 1 4,106 4,106 Total 5 $ 5,591 $ 5,591 14 $ 5,574 $ 5,574 Three months ended Sept 30, 2017 Three months ended Sept 30, 2016 Loan Class Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Residential real estate - $ - $ - 6 $ 184 $ 184 Commercial real estate Owner occupied - - - 1 255 255 Non owner occupied 2 3,875 3,875 - - - All other - - - 1 4,106 4,106 Total 2 $ 3,875 $ 3,875 8 $ 4,545 $ 4,545 |
Risk Category of Loans by Class of Loans | As of September 30, 2017 and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 324,121 $ 3,502 $ 9,878 $ 1 $ 337,502 Multifamily real estate 52,472 3,590 12,024 2,612 70,698 Commercial real estate: Owner occupied 122,983 4,305 7,485 - 134,773 Non-owner occupied 220,173 11,243 6,239 - 237,655 Commercial and industrial 71,850 7,400 3,082 - 82,332 Consumer 29,145 136 375 19 29,675 All other 148,216 5,479 8,994 - 162,689 Total $ 968,960 $ 35,655 $ 48,077 $ 2,632 $ 1,055,324 As of December 31, 2016, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Loan Class Pass Special Mention Substandard Doubtful Total Loans Residential real estate $ 328,905 $ 4,880 $ 8,507 $ 2 $ 342,294 Multifamily real estate 59,375 78 14,712 - 74,165 Commercial real estate: Owner occupied 118,134 6,720 4,516 - 129,370 Non-owner occupied 213,641 4,391 2,804 - 220,836 Commercial and industrial 72,094 2,337 2,275 30 76,736 Consumer 30,369 242 305 - 30,916 All other 134,945 1,958 13,603 - 150,506 Total $ 957,463 $ 20,606 $ 46,722 $ 32 $ 1,024,823 |
STOCKHOLDERS' EQUITY AND REGU20
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS [Abstract] | |
Summary of Regulatory Capital Ratios | Shown below is a summary of regulatory capital ratios for the Company: September 30, 2017 December 31, 2016 Regulatory Minimum Requirements To Be Considered Well Capitalized Common Equity Tier 1 Capital (to Risk-Weighted Assets) 13.8 % 13.4 % 4.5 % 6.5 % Tier 1 Capital (to Risk-Weighted Assets) 14.4 % 13.9 % 6.0 % 8.0 % Total Capital (to Risk-Weighted Assets) 15.5 % 15.0 % 8.0 % 10.0 % Tier 1 Capital (to Average Assets) 10.7 % 10.1 % 4.0 % 5.0 % |
EARNINGS PER SHARE (Tables)
EARNINGS PER SHARE (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
EARNINGS PER SHARE [Abstract] | |
Reconciliation of Numerators and Denominators of the Earnings Per Share | A reconciliation of the numerators and denominators of the earnings per common share and earnings per common share assuming dilution computations for the three and nine months ended September 30, 2017 and 2016 is presented below: Three Months Ended Sept 30, Nine Months Ended Sept 30, 2017 2016 2017 2016 Basic earnings per share Income available to common stockholders $ 3,467 $ 3,164 $ 11,050 $ 8,767 Weighted average common shares outstanding 10,661,157 10,626,185 10,653,594 10,508,809 Earnings per share $ 0.33 $ 0.30 $ 1.04 $ 0.83 Diluted earnings per share Income available to common stockholders $ 3,467 $ 3,164 $ 11,050 $ 8,767 Weighted average common shares outstanding 10,661,157 10,626,185 10,653,594 10,508,809 Add dilutive effects of potential additional common stock 77,794 60,742 80,418 60,372 Weighted average common and dilutive potential common shares outstanding 10,738,951 10,686,927 10,734,012 10,569,181 Earnings per share assuming dilution $ 0.32 $ 0.30 $ 1.03 $ 0.83 |
FAIR VALUE (Tables)
FAIR VALUE (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
FAIR VALUE [Abstract] | |
Carrying Amounts and Estimated Fair Values of Financial Instruments | The carrying amounts and estimated fair values of financial instruments at September 30, 2017 were as follows: Fair Value Measurements at September 30, 2017 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 63,512 $ 63,512 $ - $ - $ 63,512 Time deposits with other banks 2,582 - 2,589 - 2,589 Federal funds sold 11,632 11,632 - - 11,632 Securities available for sale 289,203 - 289,203 - 289,203 Loans, net 1,042,965 - - 1,029,145 1,029,145 Federal Home Loan Bank stock 3,185 n/a n/a n/a n/a Interest receivable 4,060 - 829 3,231 4,060 Financial liabilities Deposits $ (1,269,384 ) $ (925,328 ) $ (340,134 ) $ - $ (1,265,462 ) Securities sold under agreements to repurchase (25,116 ) - (25,116 ) - (25,116 ) Other borrowed funds (6,000 ) - (5,966 ) - (5,966 ) Subordinated Debt (5,368 ) - (5,381 ) - (5,381 ) Interest payable (358 ) (7 ) (351 ) - (358 ) The carrying amounts and estimated fair values of financial instruments at December 31, 2016 were as follows: Fair Value Measurements at December 31, 2016 Using Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and due from banks $ 97,163 $ 97,163 $ - $ - $ 97,163 Time deposits with other banks 2,332 - 2,352 - 2,352 Federal funds sold 7,555 7,555 - - 7,555 Securities available for sale 288,607 - 288,607 - 288,607 Loans, net 1,013,987 - - 1,004,388 1,004,388 Federal Home Loan Bank stock 3,200 n/a n/a n/a n/a Interest receivable 3,862 - 771 3,091 3,862 Financial liabilities Deposits $ (1,279,386 ) $ (920,745 ) $ (354,885 ) $ - $ (1,275,630 ) Securities sold under agreements to repurchase (23,820 ) - (23,820 ) - (23,820 ) Other borrowed funds (8,859 ) - (8,906 ) - (8,906 ) Subordinated debt (5,343 ) - (5,341 ) - (5,341 ) Interest payable (364 ) (7 ) (357 ) - (364 ) |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements at September 30, 2017 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 199,933 $ - $ 199,933 $ - U. S. agency CMO's - residential 56,514 - 56,514 - Total mortgage-backed securities of government sponsored agencies 256,447 - 256,447 - U. S. government sponsored agency securities 19,275 - 19,275 - Obligations of states and political subdivisions 13,481 - 13,481 - Total available for sale $ 289,203 $ - $ 289,203 $ - Fair Value Measurements at December 31, 2016 Using: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale Mortgage-backed securities U. S. agency MBS - residential $ 174,177 $ - $ 174,177 $ - U. S. agency CMO's - residential 73,267 - 73,267 - Total mortgage-backed securities of government sponsored agencies 247,444 - 247,444 - U. S. government sponsored agency securities 24,501 - 24,501 - Obligations of states and political subdivisions 16,662 - 16,662 - Total securities available for sale $ 288,607 $ - $ 288,607 $ - |
Assets and Liabilities Measured at Fair Value on a Non-recurring Basis | Assets and liabilities measured at fair value on a non-recurring basis at September 30, 2017 are summarized below: Fair Value Measurements at September 30, 2017 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Multifamily real estate $ 10,578 $ - $ - $ 10,578 Commercial real estate: Owner occupied 569 - - 569 Non-owner occupied 1,984 - - 1,984 Commercial and industrial 161 - - 161 All other 3,593 - - 3,593 Total impaired loans $ 16,885 $ - $ - $ 16,885 Other real estate owned: Residential real estate $ 370 $ - $ - $ 370 Commercial real estate: Owner occupied 175 - - 175 Non-owner occupied 1,853 - - 1,853 All other 2,855 - - 2,855 Total OREO $ 5,253 $ - $ - $ 5,253 Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2016 are summarized below: Fair Value Measurements at December 31, 2016 Using Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Commercial real estate: Owner occupied $ 793 $ - $ - $ 793 Commercial and Industrial 12 - - 12 All Other 3,036 - - 3,036 Total impaired loans $ 3,841 $ - $ - $ 3,841 Other real estate owned: Residential real estate: $ 613 $ - $ - $ 613 Commercial real estate: Owner occupied 175 - - 175 Non-owner occupied 2,153 - - 2,153 All other 3,683 - - 3,683 Total OREO $ 6,624 $ - $ - $ 6,624 |
Fair Value Inputs, Assets, Quantitative Information | The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at September 30, 2017 are summarized below: September 30, 2017 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Multifamily real estate: $ 10,578 sales comparison adjustment for differences between the comparable sales 4.0%-4.0% (4.0%) Commercial real estate: Owner occupied 569 sales comparison adjustment for estimated realizable value 23.1%-23.1% (23.1%) Non-owner occupied 1,984 income approach adjustment for differences in net operating income expectations 67.4%-67.4% (67.4%) Commercial and industrial 161 sales comparison adjustment for estimated realizable value 8.0%-56.5% (52.8%) All other 3,593 sales comparison adjustment for percentage of completion of construction 8.0%-23.0% (22.7%) Total impaired loans $ 16,885 Other real estate owned: Residential real estate $ 370 sales comparison adjustment for differences between the comparable sales 0.0%-50.2% (16.4%) Commercial real estate: Owner occupied 175 sales comparison adjustment for estimated realizable value 21.8%-21.8% (21.8%) Non-owner occupied 1,853 sales comparison adjustment for estimated realizable value 31.8%-58.9% (34.7%) All other 2,855 sales comparison adjustment for estimated realizable value 15.1%-69.0% (18.8%) Total OREO $ 5,253 The significant unobservable inputs related to assets and liabilities measured at fair value on a non-recurring basis at December 31, 2016 are summarized below: December 31, 2016 Valuation Techniques Unobservable Inputs Range (Weighted Avg) Impaired loans: Commercial Real Estate Owner Occupied $ 793 sales comparison adjustment for limited salability of specialized property 9.3%-76.4% (19.3%) Commercial and Industrial 12 sales comparison adjustment for differences between the comparable sales 8.0%-8.0% (8.0%) All Other 3,036 sales comparison adjustment for differences between the comparable sales 5.7%-9.0% (8.0%) Total impaired loans $ 3,841 Other real estate owned: Residential Real Estate $ 613 sales comparison adjustment for differences between the comparable sales 0.7%-86.8% (25.2%) Commercial Real Estate Owner Occupied 175 sales comparison adjustment for differences between the comparable sales 21.8%-21.8% (21.8%) Non-owner Occupied 2,153 sales comparison adjustment for differences between the comparable sales 17.2%-27.6% (25.7%) All Other 3,683 sales comparison adjustment for estimated realizable value 15.1%-45.4% (21.8%) Total OREO $ 6,624 |
BASIS OF PRESENTATION (Details)
BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||
Total Assets | $ 1,492,675 | $ 1,492,675 | $ 1,496,193 | ||
Net Income | 3,467 | $ 3,164 | $ 11,050 | $ 8,767 | |
Citizens Deposit Bank & Trust [Member] | Vanceburg, Kentucky [Member] | |||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||
Year Acquired | 1,991 | ||||
Total Assets | 425,115 | $ 425,115 | |||
Net Income | 1,209 | $ 3,509 | |||
Premier Bank, Inc. [Member] | Huntington, West Virginia [Member] | |||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||
Year Acquired | 1,998 | ||||
Total Assets | 1,060,991 | $ 1,060,991 | |||
Net Income | 2,734 | 9,007 | |||
Parent and Intercompany Eliminations [Member] | |||||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||||
Total Assets | 6,569 | 6,569 | |||
Net Income | (476) | (1,466) | |||
Accounting Standards Update 2016-02 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Future lease obligations excluding optional renewal periods | $ 5,045 | $ 5,045 |
SECURITIES (Details)
SECURITIES (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Available-for-sale Investment securities [Abstract] | ||
Amortized Cost | $ 288,503 | $ 291,565 |
Unrealized Gains | 1,726 | 1,140 |
Unrealized Losses | (1,026) | (4,098) |
Available for sale, Fair Value | 289,203 | 288,607 |
U.S. Government Sponsored Agency MBS - Residential [Member] | ||
Available-for-sale Investment securities [Abstract] | ||
Amortized Cost | 199,483 | 177,105 |
Unrealized Gains | 1,028 | 245 |
Unrealized Losses | (578) | (3,173) |
Available for sale, Fair Value | 199,933 | 174,177 |
U.S. Government Sponsored Agency CMO's - Residential [Member] | ||
Available-for-sale Investment securities [Abstract] | ||
Amortized Cost | 56,330 | 73,163 |
Unrealized Gains | 553 | 761 |
Unrealized Losses | (369) | (657) |
Available for sale, Fair Value | 56,514 | 73,267 |
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | ||
Available-for-sale Investment securities [Abstract] | ||
Amortized Cost | 255,813 | 250,268 |
Unrealized Gains | 1,581 | 1,006 |
Unrealized Losses | (947) | (3,830) |
Available for sale, Fair Value | 256,447 | 247,444 |
U.S. Government Sponsored Agency Securities [Member] | ||
Available-for-sale Investment securities [Abstract] | ||
Amortized Cost | 19,344 | 24,652 |
Unrealized Gains | 5 | 23 |
Unrealized Losses | (74) | (174) |
Available for sale, Fair Value | 19,275 | 24,501 |
Obligations of States and Political Subdivisions [Member] | ||
Available-for-sale Investment securities [Abstract] | ||
Amortized Cost | 13,346 | 16,645 |
Unrealized Gains | 140 | 111 |
Unrealized Losses | (5) | (94) |
Available for sale, Fair Value | $ 13,481 | $ 16,662 |
SECURITIES, By Contractual Matu
SECURITIES, By Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Amortized cost of available-for-sale securities by contractual maturity [Abstract] | ||
Due in one year or less | $ 9,687 | |
Due after one year through five years | 17,073 | |
Due after five years through ten years | 5,375 | |
Due after ten years | 555 | |
Mortgage-backed securities of government sponsored agencies | 255,813 | |
Available for sale, Amortized Cost | 288,503 | |
Fair value of available-for-sale securities by contractual maturity [Abstract] | ||
Due in one year or less | 9,701 | |
Due after one year through five years | 17,070 | |
Due after five years through ten years | 5,430 | |
Due after ten years | 555 | |
Mortgage backed securities of government sponsored agencies | 256,447 | |
Available for sale, Fair Value | $ 289,203 | $ 288,607 |
SECURITIES, Securities with Unr
SECURITIES, Securities with Unrealized Losses in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Continuous unrealized loss position, fair value [Abstract] | ||
Less than 12 months | $ 85,937 | $ 200,564 |
12 months or more | 17,193 | 8,750 |
Total | 103,130 | 209,314 |
Continuous unrealized loss position, unrealized loss [Abstract] | ||
Less than 12 months | (636) | (3,814) |
12 months or more | (390) | (284) |
Total | (1,026) | (4,098) |
U.S. Government Sponsored Agency Securities [Member] | ||
Continuous unrealized loss position, fair value [Abstract] | ||
Less than 12 months | 17,242 | 17,207 |
12 months or more | 0 | 0 |
Total | 17,242 | 17,207 |
Continuous unrealized loss position, unrealized loss [Abstract] | ||
Less than 12 months | (74) | (174) |
12 months or more | 0 | 0 |
Total | (74) | (174) |
U.S. Government Sponsored Agency MBS - Residential [Member] | ||
Continuous unrealized loss position, fair value [Abstract] | ||
Less than 12 months | 56,820 | 157,022 |
12 months or more | 5,234 | 0 |
Total | 62,054 | 157,022 |
Continuous unrealized loss position, unrealized loss [Abstract] | ||
Less than 12 months | (429) | (3,173) |
12 months or more | (149) | 0 |
Total | (578) | (3,173) |
U.S. Government Sponsored Agency CMO's - Residential [Member] | ||
Continuous unrealized loss position, fair value [Abstract] | ||
Less than 12 months | 11,256 | 18,374 |
12 months or more | 11,184 | 8,750 |
Total | 22,440 | 27,124 |
Continuous unrealized loss position, unrealized loss [Abstract] | ||
Less than 12 months | (129) | (373) |
12 months or more | (240) | (284) |
Total | (369) | (657) |
Obligations of States and Political Subdivisions [Member] | ||
Continuous unrealized loss position, fair value [Abstract] | ||
Less than 12 months | 619 | 7,961 |
12 months or more | 775 | 0 |
Total | 1,394 | 7,961 |
Continuous unrealized loss position, unrealized loss [Abstract] | ||
Less than 12 months | (4) | (94) |
12 months or more | (1) | 0 |
Total | $ (5) | $ (94) |
LOANS, Major Classifications of
LOANS, Major Classifications of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans | $ 1,055,324 | $ 1,024,823 |
Residential Real Estate [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans | 337,502 | 342,294 |
Multifamily Real Estate [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans | 70,698 | 74,165 |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans | 134,773 | 129,370 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans | 237,655 | 220,836 |
Commercial and Industrial [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans | 82,332 | 76,736 |
Consumer [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans | 29,675 | 30,916 |
All Other [Member] | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Loans | $ 162,689 | $ 150,506 |
LOANS, Activity in Allowance Fo
LOANS, Activity in Allowance For Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Activity in the allowance for loan losses by portfolio segment [Roll Forward] | ||||
Balance, beginning of period | $ 11,695 | $ 10,804 | $ 10,836 | $ 9,647 |
Provision (credit) for loan losses | 891 | 312 | 2,033 | 1,436 |
Loans charged-off | (336) | (303) | (1,102) | (575) |
Recoveries | 109 | 50 | 592 | 355 |
Balance, end of period | 12,359 | 10,863 | 12,359 | 10,863 |
Residential Real Estate [Member] | ||||
Activity in the allowance for loan losses by portfolio segment [Roll Forward] | ||||
Balance, beginning of period | 2,973 | 2,747 | 2,948 | 2,501 |
Provision (credit) for loan losses | 170 | 91 | 363 | 377 |
Loans charged-off | (163) | (51) | (362) | (107) |
Recoveries | 21 | 3 | 52 | 19 |
Balance, end of period | 3,001 | 2,790 | 3,001 | 2,790 |
Multifamily Real Estate [Member] | ||||
Activity in the allowance for loan losses by portfolio segment [Roll Forward] | ||||
Balance, beginning of period | 1,337 | 822 | 785 | 821 |
Provision (credit) for loan losses | (77) | 91 | 475 | 92 |
Loans charged-off | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Balance, end of period | 1,260 | 913 | 1,260 | 913 |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||||
Activity in the allowance for loan losses by portfolio segment [Roll Forward] | ||||
Balance, beginning of period | 1,618 | 1,442 | 1,543 | 1,509 |
Provision (credit) for loan losses | 5 | (72) | (161) | (140) |
Loans charged-off | (7) | 0 | (7) | 0 |
Recoveries | 1 | 1 | 242 | 2 |
Balance, end of period | 1,617 | 1,371 | 1,617 | 1,371 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||||
Activity in the allowance for loan losses by portfolio segment [Roll Forward] | ||||
Balance, beginning of period | 2,334 | 2,708 | 2,350 | 2,070 |
Provision (credit) for loan losses | 276 | 7 | 265 | 645 |
Loans charged-off | (3) | 0 | (8) | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Balance, end of period | 2,607 | 2,715 | 2,607 | 2,715 |
Commercial and Industrial [Member] | ||||
Activity in the allowance for loan losses by portfolio segment [Roll Forward] | ||||
Balance, beginning of period | 1,093 | 1,111 | 1,140 | 1,033 |
Provision (credit) for loan losses | (6) | 43 | 3 | 83 |
Loans charged-off | (4) | (29) | (138) | (29) |
Recoveries | 17 | 4 | 95 | 42 |
Balance, end of period | 1,100 | 1,129 | 1,100 | 1,129 |
Consumer [Member] | ||||
Activity in the allowance for loan losses by portfolio segment [Roll Forward] | ||||
Balance, beginning of period | 373 | 306 | 347 | 307 |
Provision (credit) for loan losses | 10 | 139 | 148 | 172 |
Loans charged-off | (49) | (142) | (214) | (232) |
Recoveries | 33 | 15 | 86 | 71 |
Balance, end of period | 367 | 318 | 367 | 318 |
All Other [Member] | ||||
Activity in the allowance for loan losses by portfolio segment [Roll Forward] | ||||
Balance, beginning of period | 1,967 | 1,668 | 1,723 | 1,406 |
Provision (credit) for loan losses | 513 | 13 | 940 | 207 |
Loans charged-off | (110) | (81) | (373) | (207) |
Recoveries | 37 | 27 | 117 | 221 |
Balance, end of period | $ 2,407 | $ 1,627 | $ 2,407 | $ 1,627 |
LOANS, Purchased Impaired Loans
LOANS, Purchased Impaired Loans (Details) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Purchased loans [Abstract] | |||
Total carrying amount | $ 5,121 | $ 11,321 | |
Contractual principal balance | 7,116 | 14,784 | |
Carrying amount, net of allowance | 5,071 | 11,311 | |
Increase in loan allowance related to acquisitions | 50 | $ 0 | |
Accretable Yield [Roll Forward] | |||
Beginning Balance | 1,208 | 185 | |
New loans purchased | 0 | 1,151 | |
Accretion of income | (398) | (64) | |
Reclassification to non-accretable | 0 | 0 | |
Disposals | 0 | 0 | |
Ending Balance | 810 | $ 1,272 | |
Residential Real Estate [Member] | |||
Purchased loans [Abstract] | |||
Total carrying amount | 1,515 | 1,619 | |
Commercial Real Estate [Member] | Owner Occupied [Member] | |||
Purchased loans [Abstract] | |||
Total carrying amount | 1,564 | 2,013 | |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | |||
Purchased loans [Abstract] | |||
Total carrying amount | 0 | 5,396 | |
Commercial and Industrial [Member] | |||
Purchased loans [Abstract] | |||
Total carrying amount | 214 | 232 | |
All Other [Member] | |||
Purchased loans [Abstract] | |||
Total carrying amount | $ 1,828 | $ 2,061 |
LOANS, Past Due and Non-perform
LOANS, Past Due and Non-performing Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Past due and non-performing loans [Abstract] | ||
Principal owed on non-accrual loans | $ 26,088 | $ 27,998 |
Recorded investment in non-accrual loans | 24,345 | 25,747 |
Loans past due over 90 days, still accruing | 1,716 | 1,999 |
Residential Real Estate [Member] | ||
Past due and non-performing loans [Abstract] | ||
Principal owed on non-accrual loans | 3,248 | 3,467 |
Recorded investment in non-accrual loans | 2,846 | 2,794 |
Loans past due over 90 days, still accruing | 585 | 606 |
Multifamily Real Estate [Member] | ||
Past due and non-performing loans [Abstract] | ||
Principal owed on non-accrual loans | 11,101 | 11,157 |
Recorded investment in non-accrual loans | 11,095 | 11,106 |
Loans past due over 90 days, still accruing | 334 | 334 |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Past due and non-performing loans [Abstract] | ||
Principal owed on non-accrual loans | 2,052 | 1,769 |
Recorded investment in non-accrual loans | 1,974 | 1,704 |
Loans past due over 90 days, still accruing | 63 | 15 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Past due and non-performing loans [Abstract] | ||
Principal owed on non-accrual loans | 310 | 294 |
Recorded investment in non-accrual loans | 209 | 196 |
Loans past due over 90 days, still accruing | 86 | 36 |
Commercial and Industrial [Member] | ||
Past due and non-performing loans [Abstract] | ||
Principal owed on non-accrual loans | 2,062 | 2,537 |
Recorded investment in non-accrual loans | 1,054 | 1,209 |
Loans past due over 90 days, still accruing | 648 | 1,008 |
Consumer [Member] | ||
Past due and non-performing loans [Abstract] | ||
Principal owed on non-accrual loans | 331 | 366 |
Recorded investment in non-accrual loans | 304 | 347 |
Loans past due over 90 days, still accruing | 0 | 0 |
All Other [Member] | ||
Past due and non-performing loans [Abstract] | ||
Principal owed on non-accrual loans | 6,984 | 8,408 |
Recorded investment in non-accrual loans | 6,863 | 8,391 |
Loans past due over 90 days, still accruing | $ 0 | $ 0 |
LOANS, Past Due Aging Analysis
LOANS, Past Due Aging Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Aging of recorded investment in past due loans [Abstract] | ||
Total loans | $ 1,055,324 | $ 1,024,823 |
Total past due | 32,882 | 36,171 |
Loans not past due | 1,022,442 | 988,652 |
30-89 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 8,920 | 10,972 |
Greater Than 90 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 23,962 | 25,199 |
Residential Real Estate [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total loans | 337,502 | 342,294 |
Total past due | 8,177 | 7,709 |
Loans not past due | 329,325 | 334,585 |
Residential Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 6,460 | 6,113 |
Residential Real Estate [Member] | Greater Than 90 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 1,717 | 1,596 |
Multifamily Real Estate [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total loans | 70,698 | 74,165 |
Total past due | 11,429 | 11,440 |
Loans not past due | 59,269 | 62,725 |
Multifamily Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 0 | 0 |
Multifamily Real Estate [Member] | Greater Than 90 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 11,429 | 11,440 |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total loans | 134,773 | 129,370 |
Total past due | 2,151 | 3,220 |
Loans not past due | 132,622 | 126,150 |
Commercial Real Estate [Member] | Owner Occupied [Member] | 30-89 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 172 | 1,746 |
Commercial Real Estate [Member] | Owner Occupied [Member] | Greater Than 90 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 1,979 | 1,474 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total loans | 237,655 | 220,836 |
Total past due | 601 | 1,962 |
Loans not past due | 237,054 | 218,874 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | 30-89 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 374 | 1,803 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Greater Than 90 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 227 | 159 |
Commercial and Industrial [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total loans | 82,332 | 76,736 |
Total past due | 1,807 | 2,450 |
Loans not past due | 80,525 | 74,286 |
Commercial and Industrial [Member] | 30-89 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 179 | 330 |
Commercial and Industrial [Member] | Greater Than 90 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 1,628 | 2,120 |
Consumer [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total loans | 29,675 | 30,916 |
Total past due | 486 | 626 |
Loans not past due | 29,189 | 30,290 |
Consumer [Member] | 30-89 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 365 | 403 |
Consumer [Member] | Greater Than 90 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 121 | 223 |
All Other [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total loans | 162,689 | 150,506 |
Total past due | 8,231 | 8,764 |
Loans not past due | 154,458 | 141,742 |
All Other [Member] | 30-89 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | 1,370 | 577 |
All Other [Member] | Greater Than 90 Days Past Due [Member] | ||
Aging of recorded investment in past due loans [Abstract] | ||
Total past due | $ 6,861 | $ 8,187 |
LOANS, Allowance for Loan Losse
LOANS, Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Allowance for Loan Losses [Abstract] | ||||||
Individually evaluated for impairment, allowance for loan losses | $ 1,548 | $ 596 | ||||
Collectively evaluated for impairment, allowance for loan losses | 10,761 | 10,230 | ||||
Total allowance for loan losses | 12,359 | $ 11,695 | 10,836 | $ 10,863 | $ 10,804 | $ 9,647 |
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 31,541 | 33,588 | ||||
Collectively evaluated for impairment, loan balances | 1,018,662 | 979,914 | ||||
Total loans | 1,055,324 | 1,024,823 | ||||
Acquired with Deteriorated Credit Quality [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Total allowance for loan losses | 50 | 10 | ||||
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 199 | 208 | ||||
Total loans | 5,121 | 11,321 | ||||
Residential Real Estate [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Individually evaluated for impairment, allowance for loan losses | 0 | 0 | ||||
Collectively evaluated for impairment, allowance for loan losses | 3,001 | 2,948 | ||||
Total allowance for loan losses | 3,001 | 2,973 | 2,948 | 2,790 | 2,747 | 2,501 |
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 320 | 379 | ||||
Collectively evaluated for impairment, loan balances | 335,667 | 340,296 | ||||
Total loans | 337,502 | 342,294 | ||||
Residential Real Estate [Member] | Acquired with Deteriorated Credit Quality [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Loans Balances [Abstract] | ||||||
Total loans | 1,515 | 1,619 | ||||
Multifamily Real Estate [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Individually evaluated for impairment, allowance for loan losses | 517 | 0 | ||||
Collectively evaluated for impairment, allowance for loan losses | 743 | 785 | ||||
Total allowance for loan losses | 1,260 | 1,337 | 785 | 913 | 822 | 821 |
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 13,588 | 13,641 | ||||
Collectively evaluated for impairment, loan balances | 57,110 | 60,524 | ||||
Total loans | 70,698 | 74,165 | ||||
Multifamily Real Estate [Member] | Acquired with Deteriorated Credit Quality [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Loans Balances [Abstract] | ||||||
Total loans | 0 | 0 | ||||
Commercial Real Estate [Member] | Owner Occupied [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Individually evaluated for impairment, allowance for loan losses | 301 | 244 | ||||
Collectively evaluated for impairment, allowance for loan losses | 1,316 | 1,299 | ||||
Total allowance for loan losses | 1,617 | 1,618 | 1,543 | 1,371 | 1,442 | 1,509 |
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 3,725 | 2,801 | ||||
Collectively evaluated for impairment, loan balances | 129,484 | 124,556 | ||||
Total loans | 134,773 | 129,370 | ||||
Commercial Real Estate [Member] | Owner Occupied [Member] | Acquired with Deteriorated Credit Quality [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Loans Balances [Abstract] | ||||||
Total loans | 1,564 | 2,013 | ||||
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Individually evaluated for impairment, allowance for loan losses | 88 | 0 | ||||
Collectively evaluated for impairment, allowance for loan losses | 2,519 | 2,350 | ||||
Total allowance for loan losses | 2,607 | 2,334 | 2,350 | 2,715 | 2,708 | 2,070 |
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 5,583 | 2,373 | ||||
Collectively evaluated for impairment, loan balances | 232,072 | 213,067 | ||||
Total loans | 237,655 | 220,836 | ||||
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Acquired with Deteriorated Credit Quality [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Loans Balances [Abstract] | ||||||
Total loans | 0 | 5,396 | ||||
Commercial and Industrial [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Individually evaluated for impairment, allowance for loan losses | 105 | 266 | ||||
Collectively evaluated for impairment, allowance for loan losses | 945 | 864 | ||||
Total allowance for loan losses | 1,100 | 1,093 | 1,140 | 1,129 | 1,111 | 1,033 |
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 1,129 | 1,418 | ||||
Collectively evaluated for impairment, loan balances | 80,989 | 75,086 | ||||
Total loans | 82,332 | 76,736 | ||||
Commercial and Industrial [Member] | Acquired with Deteriorated Credit Quality [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Total allowance for loan losses | 50 | 10 | ||||
Loans Balances [Abstract] | ||||||
Total loans | 214 | 232 | ||||
Consumer [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Individually evaluated for impairment, allowance for loan losses | 19 | 0 | ||||
Collectively evaluated for impairment, allowance for loan losses | 348 | 347 | ||||
Total allowance for loan losses | 367 | 373 | 347 | 318 | 306 | 307 |
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 19 | 0 | ||||
Collectively evaluated for impairment, loan balances | 29,656 | 30,916 | ||||
Total loans | 29,675 | 30,916 | ||||
Consumer [Member] | Acquired with Deteriorated Credit Quality [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Loans Balances [Abstract] | ||||||
Total loans | 0 | 0 | ||||
All Other [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Individually evaluated for impairment, allowance for loan losses | 518 | 86 | ||||
Collectively evaluated for impairment, allowance for loan losses | 1,889 | 1,637 | ||||
Total allowance for loan losses | 2,407 | $ 1,967 | 1,723 | $ 1,627 | $ 1,668 | $ 1,406 |
Loans Balances [Abstract] | ||||||
Individually evaluated for impairment, loan balances | 7,177 | 12,976 | ||||
Collectively evaluated for impairment, loan balances | 153,684 | 135,469 | ||||
Total loans | 162,689 | 150,506 | ||||
All Other [Member] | Acquired with Deteriorated Credit Quality [Member] | ||||||
Allowance for Loan Losses [Abstract] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Loans Balances [Abstract] | ||||||
Total loans | $ 1,828 | $ 2,061 |
LOANS, Individually Evaluated F
LOANS, Individually Evaluated For Impairment (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | $ 31,541 | $ 33,588 |
Loans individually evaluated for impairment [Abstract] | ||
Unpaid principal balance with no related allowance recorded | 14,325 | 31,000 |
Unpaid principal balance with an allowance recorded | 18,665 | 4,610 |
Unpaid principal balance, total | 32,990 | 35,610 |
Recorded investment with no related allowance recorded | 13,257 | 29,350 |
Recorded investment with an allowance recorded | 18,483 | 4,446 |
Recorded investment, total | 31,740 | 33,796 |
Allowance for loan losses allocated | 1,598 | 606 |
Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | 199 | 208 |
Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | 320 | 379 |
Loans individually evaluated for impairment [Abstract] | ||
Unpaid principal balance with no related allowance recorded | 360 | 743 |
Recorded investment with no related allowance recorded | 320 | 379 |
Multifamily Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | 13,588 | 13,641 |
Loans individually evaluated for impairment [Abstract] | ||
Unpaid principal balance with no related allowance recorded | 2,492 | 13,692 |
Unpaid principal balance with an allowance recorded | 11,102 | |
Recorded investment with no related allowance recorded | 2,492 | 13,641 |
Recorded investment with an allowance recorded | 11,095 | |
Allowance for loan losses allocated | 517 | |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | 3,725 | 2,801 |
Loans individually evaluated for impairment [Abstract] | ||
Unpaid principal balance with no related allowance recorded | 2,916 | 1,803 |
Unpaid principal balance with an allowance recorded | 888 | 1,055 |
Recorded investment with no related allowance recorded | 2,855 | 1,766 |
Recorded investment with an allowance recorded | 870 | 1,035 |
Allowance for loan losses allocated | 301 | 244 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | 5,583 | 2,373 |
Loans individually evaluated for impairment [Abstract] | ||
Unpaid principal balance with no related allowance recorded | 3,604 | 2,465 |
Unpaid principal balance with an allowance recorded | 2,072 | |
Recorded investment with no related allowance recorded | 3,512 | 2,373 |
Recorded investment with an allowance recorded | 2,072 | |
Allowance for loan losses allocated | 88 | |
Commercial and Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | 1,129 | 1,418 |
Loans individually evaluated for impairment [Abstract] | ||
Unpaid principal balance with no related allowance recorded | 1,767 | 2,429 |
Unpaid principal balance with an allowance recorded | 468 | 431 |
Recorded investment with no related allowance recorded | 1,012 | 1,338 |
Recorded investment with an allowance recorded | 316 | 288 |
Allowance for loan losses allocated | 155 | 276 |
Consumer [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | 19 | 0 |
Loans individually evaluated for impairment [Abstract] | ||
Unpaid principal balance with an allowance recorded | 19 | |
Recorded investment with an allowance recorded | 19 | |
Allowance for loan losses allocated | 19 | |
All Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Purchased financing receivable individually evaluated for impairment | 7,177 | 12,976 |
Loans individually evaluated for impairment [Abstract] | ||
Unpaid principal balance with no related allowance recorded | 3,186 | 9,868 |
Unpaid principal balance with an allowance recorded | 4,116 | 3,124 |
Recorded investment with no related allowance recorded | 3,066 | 9,853 |
Recorded investment with an allowance recorded | 4,111 | 3,123 |
Allowance for loan losses allocated | $ 518 | $ 86 |
LOANS, Average Balance of Loans
LOANS, Average Balance of Loans Individually Evaluated For Impairment (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Financing Receivable, Impaired [Line Items] | ||||
Average recorded investment | $ 30,154 | $ 16,400 | $ 30,359 | $ 12,568 |
Interest income recognized | 222 | 289 | 826 | 481 |
Cash basis interest recognized | 216 | 256 | 810 | 443 |
Residential Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average recorded investment | 323 | 667 | 339 | 612 |
Interest income recognized | 0 | 5 | 1 | 16 |
Cash basis interest recognized | 0 | 5 | 1 | 14 |
Multifamily Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average recorded investment | 13,590 | 2,594 | 13,605 | 1,580 |
Interest income recognized | 66 | 63 | 196 | 121 |
Cash basis interest recognized | 60 | 63 | 181 | 121 |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average recorded investment | 3,910 | 1,847 | 3,340 | 1,144 |
Interest income recognized | 27 | 3 | 49 | 3 |
Cash basis interest recognized | 27 | 3 | 49 | 3 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average recorded investment | 3,749 | 4,240 | 2,955 | 5,066 |
Interest income recognized | 63 | 175 | 124 | 275 |
Cash basis interest recognized | 63 | 175 | 124 | 273 |
Commercial and Industrial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average recorded investment | 1,390 | 1,809 | 1,474 | 1,155 |
Interest income recognized | 13 | 10 | 114 | 26 |
Cash basis interest recognized | 13 | 10 | 114 | 26 |
Consumer [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average recorded investment | 9 | 0 | 5 | 0 |
Interest income recognized | 0 | 0 | 0 | 0 |
Cash basis interest recognized | 0 | 0 | 0 | 0 |
All Other [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average recorded investment | 7,183 | 5,243 | 8,641 | 3,011 |
Interest income recognized | 53 | 33 | 342 | 40 |
Cash basis interest recognized | $ 53 | $ 0 | $ 341 | $ 6 |
LOANS, Troubled Debt Restructur
LOANS, Troubled Debt Restructurings (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Modifications [Line Items] | ||
TDR's on Non-accrual | $ 5,759 | $ 942 |
Other TDR's | 8,715 | 8,268 |
Total TDR's | 14,474 | 9,210 |
Specific reserves allocated to loans that have restructured terms | 640 | 43 |
Commitments to lend additional amounts to borrowers | 0 | 0 |
Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
TDR's on Non-accrual | 317 | 129 |
Other TDR's | 110 | 464 |
Total TDR's | 427 | 593 |
Multifamily Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
TDR's on Non-accrual | 0 | 0 |
Other TDR's | 2,159 | 2,201 |
Total TDR's | 2,159 | 2,201 |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
TDR's on Non-accrual | 602 | 0 |
Other TDR's | 1,766 | 856 |
Total TDR's | 2,368 | 856 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
TDR's on Non-accrual | 0 | |
Other TDR's | 3,875 | |
Total TDR's | 3,875 | |
Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
TDR's on Non-accrual | 57 | 62 |
Other TDR's | 508 | 352 |
Total TDR's | 565 | 414 |
Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
TDR's on Non-accrual | 0 | |
Other TDR's | 0 | |
Total TDR's | 0 | |
All Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
TDR's on Non-accrual | 4,783 | 751 |
Other TDR's | 297 | 4,395 |
Total TDR's | $ 5,080 | $ 5,146 |
LOANS, TDR Modified During Peri
LOANS, TDR Modified During Period (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017USD ($)Loan | Sep. 30, 2016USD ($)Loan | Sep. 30, 2017USD ($)Loan | Sep. 30, 2016USD ($)Loan | |
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 2 | 8 | 5 | 14 |
Pre-modification outstanding recorded investment | $ 3,875 | $ 4,545 | $ 5,591 | $ 5,574 |
Post-modification outstanding recorded investment | 3,875 | 4,545 | 5,591 | 5,574 |
Increase in allowance for loan losses | 88 | 35 | 88 | 181 |
TDR's with payment defaults within 12 months after modification | $ 0 | $ 0 | $ 0 | $ 0 |
Residential Real Estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 0 | 6 | 0 | 8 |
Pre-modification outstanding recorded investment | $ 0 | $ 184 | $ 0 | $ 483 |
Post-modification outstanding recorded investment | $ 0 | $ 184 | $ 0 | $ 483 |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 0 | 1 | 2 | 3 |
Pre-modification outstanding recorded investment | $ 0 | $ 255 | $ 1,525 | $ 865 |
Post-modification outstanding recorded investment | $ 0 | $ 255 | $ 1,525 | $ 865 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 2 | 0 | 2 | 1 |
Pre-modification outstanding recorded investment | $ 3,875 | $ 0 | $ 3,875 | $ 100 |
Post-modification outstanding recorded investment | $ 3,875 | $ 0 | $ 3,875 | $ 100 |
Commercial and Industrial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 1 | 1 | ||
Pre-modification outstanding recorded investment | $ 191 | $ 20 | ||
Post-modification outstanding recorded investment | $ 191 | $ 20 | ||
All Other [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 0 | 1 | 0 | 1 |
Pre-modification outstanding recorded investment | $ 0 | $ 4,106 | $ 0 | $ 4,106 |
Post-modification outstanding recorded investment | $ 0 | $ 4,106 | $ 0 | $ 4,106 |
LOANS, Risk Category of Loans b
LOANS, Risk Category of Loans by Class of Loans, Credit Quality Indicators (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | $ 1,055,324 | $ 1,024,823 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 337,502 | 342,294 |
Multifamily Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 70,698 | 74,165 |
Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 134,773 | 129,370 |
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 237,655 | 220,836 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 82,332 | 76,736 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 29,675 | 30,916 |
All Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 162,689 | 150,506 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 968,960 | 957,463 |
Pass [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 324,121 | 328,905 |
Pass [Member] | Multifamily Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 52,472 | 59,375 |
Pass [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 122,983 | 118,134 |
Pass [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 220,173 | 213,641 |
Pass [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 71,850 | 72,094 |
Pass [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 29,145 | 30,369 |
Pass [Member] | All Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 148,216 | 134,945 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 35,655 | 20,606 |
Special Mention [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 3,502 | 4,880 |
Special Mention [Member] | Multifamily Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 3,590 | 78 |
Special Mention [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 4,305 | 6,720 |
Special Mention [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 11,243 | 4,391 |
Special Mention [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 7,400 | 2,337 |
Special Mention [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 136 | 242 |
Special Mention [Member] | All Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 5,479 | 1,958 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 48,077 | 46,722 |
Substandard [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 9,878 | 8,507 |
Substandard [Member] | Multifamily Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 12,024 | 14,712 |
Substandard [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 7,485 | 4,516 |
Substandard [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 6,239 | 2,804 |
Substandard [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 3,082 | 2,275 |
Substandard [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 375 | 305 |
Substandard [Member] | All Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 8,994 | 13,603 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 2,632 | 32 |
Doubtful [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 1 | 2 |
Doubtful [Member] | Multifamily Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 2,612 | 0 |
Doubtful [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
Doubtful [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
Doubtful [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 0 | 30 |
Doubtful [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | 19 | 0 |
Doubtful [Member] | All Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans | $ 0 | $ 0 |
STOCKHOLDERS' EQUITY AND REGU38
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS (Details) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2017 | Dec. 31, 2016 | |
STOCKHOLDERS' EQUITY AND REGULATORY MATTERS [Abstract] | ||
Number of previous years retained profit taken for dividend calculation | 2 years | |
Funds available for dividends without prior approval | $ 4.1 | |
Common Equity Tier 1 Capital (to Risk-Weighted Assets) | 13.80% | 13.40% |
Common Equity Tier 1 Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements | 4.50% | |
Common Equity Tier 1 Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized | 6.50% | |
Tier I Capital (to Risk-Weighted Assets) | 14.40% | 13.90% |
Tier I Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements | 6.00% | |
Tier I Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized | 8.00% | |
Total Capital (to Risk-Weighted Assets) | 15.50% | 15.00% |
Total Capital (to Risk-Weighted Assets), Regulatory Minimum Requirements | 8.00% | |
Total Capital (to Risk-Weighted Assets), To Be Considered Well Capitalized | 10.00% | |
Tier I Capital (to Average Assets) | 10.70% | 10.10% |
Tier I Capital (to Average Assets), Regulatory Minimum Requirements | 4.00% | |
Tier I Capital (to Average Assets), To Be Considered Well Capitalized | 5.00% | |
Capital conservation buffer | 7.50% | 6.95% |
STOCK COMPENSATION EXPENSE (Det
STOCK COMPENSATION EXPENSE (Details) - USD ($) $ / shares in Units, $ in Thousands | Apr. 19, 2017 | Mar. 15, 2017 | Mar. 16, 2016 | Sep. 30, 2017 | Sep. 30, 2016 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Compensation expense | $ 194 | $ 160 | |||
2012 Long Term Incentive Plan [Member] | Stock Options [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Grants (in shares) | 55,500 | 55,990 | |||
Grants (in dollar per share) | $ 19.01 | $ 13.55 | |||
Unrecognized stock-based compensation expense | $ 92 | ||||
Unrecognized stock-based compensation, period of recognition | 29 months | ||||
2012 Long Term Incentive Plan [Member] | Stock Options [Member] | Robert W. Walker [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Grants (in shares) | 6,000 | 7,700 | |||
Fair value of stock options granted (in dollars per share) | $ 20.70 | $ 13.55 | |||
Compensation expense | $ 124 | $ 104 | |||
2012 Long Term Incentive Plan [Member] | Granted on March 15, 2017 [Member] | Stock Options [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Stock option vesting periods | 3 years | ||||
2012 Long Term Incentive Plan [Member] | Granted on March 16, 2016 [Member] | Stock Options [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Stock option vesting periods | 3 years |
EARNINGS PER SHARE (Details)
EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 09, 2016 | |
Basic earnings per share [Abstract] | |||||
Income available to common stockholders | $ 3,467 | $ 3,164 | $ 11,050 | $ 8,767 | |
Weighted average common shares outstanding (in shares) | 10,661,157 | 10,626,185 | 10,653,594 | 10,508,809 | |
Earnings per share (in dollars per share) | $ 0.33 | $ 0.30 | $ 1.04 | $ 0.83 | |
Diluted earnings per share [Abstract] | |||||
Income available to common stockholders | $ 3,467 | $ 3,164 | $ 11,050 | $ 8,767 | |
Weighted average common shares outstanding (in shares) | 10,661,157 | 10,626,185 | 10,653,594 | 10,508,809 | |
Add dilutive effects of potential additional common stock (in shares) | 77,794 | 60,742 | 80,418 | 60,372 | |
Weighted average common and dilutive potential common shares outstanding (in shares) | 10,738,951 | 10,686,927 | 10,734,012 | 10,569,181 | |
Earnings per share assuming dilution (in dollars per share) | $ 0.32 | $ 0.30 | $ 1.03 | $ 0.83 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||
Percentage of stock dividend | 10.00% | ||||
Stock Options [Member] | |||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||
Securities not considered in computing diluted earnings per share (in shares) | 0 | 0 | 0 | 0 |
FAIR VALUE, Carrying Amount and
FAIR VALUE, Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financial assets [Abstract] | ||
Securities available for sale | $ 289,203 | $ 288,607 |
Carrying Amount [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 63,512 | 97,163 |
Time deposits with other banks | 2,582 | 2,332 |
Federal funds sold | 11,632 | 7,555 |
Securities available for sale | 289,203 | 288,607 |
Loans, net | 1,042,965 | 1,013,987 |
Federal Home Loan Bank stock | 3,185 | 3,200 |
Interest receivable | 4,060 | 3,862 |
Financial liabilities [Abstract] | ||
Deposits | (1,269,384) | (1,279,386) |
Securities sold under agreements to repurchase | (25,116) | (23,820) |
Other borrowed funds | (6,000) | (8,859) |
Subordinated Debt | (5,368) | (5,343) |
Interest payable | (358) | (364) |
Fair Value [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 63,512 | 97,163 |
Time deposits with other banks | 2,589 | 2,352 |
Federal funds sold | 11,632 | 7,555 |
Securities available for sale | 289,203 | 288,607 |
Loans, net | 1,029,145 | 1,004,388 |
Interest receivable | 4,060 | 3,862 |
Financial liabilities [Abstract] | ||
Deposits | (1,265,462) | (1,275,630) |
Securities sold under agreements to repurchase | (25,116) | (23,820) |
Other borrowed funds | (5,966) | (8,906) |
Subordinated Debt | (5,381) | (5,341) |
Interest payable | (358) | (364) |
Fair Value [Member] | Level 1 [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 63,512 | 97,163 |
Time deposits with other banks | 0 | 0 |
Federal funds sold | 11,632 | 7,555 |
Securities available for sale | 0 | 0 |
Loans, net | 0 | 0 |
Interest receivable | 0 | 0 |
Financial liabilities [Abstract] | ||
Deposits | (925,328) | (920,745) |
Securities sold under agreements to repurchase | 0 | 0 |
Other borrowed funds | 0 | 0 |
Subordinated Debt | 0 | 0 |
Interest payable | (7) | (7) |
Fair Value [Member] | Level 2 [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 0 | 0 |
Time deposits with other banks | 2,589 | 2,352 |
Federal funds sold | 0 | 0 |
Securities available for sale | 289,203 | 288,607 |
Loans, net | 0 | 0 |
Interest receivable | 829 | 771 |
Financial liabilities [Abstract] | ||
Deposits | (340,134) | (354,885) |
Securities sold under agreements to repurchase | (25,116) | (23,820) |
Other borrowed funds | (5,966) | (8,906) |
Subordinated Debt | (5,381) | (5,341) |
Interest payable | (351) | (357) |
Fair Value [Member] | Level 3 [Member] | ||
Financial assets [Abstract] | ||
Cash and due from banks | 0 | 0 |
Time deposits with other banks | 0 | 0 |
Federal funds sold | 0 | 0 |
Securities available for sale | 0 | 0 |
Loans, net | 1,029,145 | 1,004,388 |
Interest receivable | 3,231 | 3,091 |
Financial liabilities [Abstract] | ||
Deposits | 0 | 0 |
Securities sold under agreements to repurchase | 0 | 0 |
Other borrowed funds | 0 | 0 |
Subordinated Debt | 0 | 0 |
Interest payable | $ 0 | $ 0 |
FAIR VALUE, Assets and Liabilit
FAIR VALUE, Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Available for sale [Abstract] | ||
Securities available for sale | $ 289,203 | $ 288,607 |
Carrying Value [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 289,203 | 288,607 |
Fair Value [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 289,203 | 288,607 |
Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 289,203 | 288,607 |
Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
U.S. Agency MBS - Residential [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 199,933 | 174,177 |
U.S. Agency CMO's - Residential [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 56,514 | 73,267 |
Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 256,447 | 247,444 |
U.S. Government Sponsored Agency Securities [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 19,275 | 24,501 |
Obligations of States and Political Subdivisions [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 13,481 | 16,662 |
Recurring [Member] | Carrying Value [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 289,203 | 288,607 |
Recurring [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 289,203 | 288,607 |
Recurring [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | U.S. Agency MBS - Residential [Member] | Carrying Value [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 199,933 | 174,177 |
Recurring [Member] | U.S. Agency MBS - Residential [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | U.S. Agency MBS - Residential [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 199,933 | 174,177 |
Recurring [Member] | U.S. Agency MBS - Residential [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | U.S. Agency CMO's - Residential [Member] | Carrying Value [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 56,514 | 73,267 |
Recurring [Member] | U.S. Agency CMO's - Residential [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | U.S. Agency CMO's - Residential [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 56,514 | 73,267 |
Recurring [Member] | U.S. Agency CMO's - Residential [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | Carrying Value [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 256,447 | 247,444 |
Recurring [Member] | Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 256,447 | 247,444 |
Recurring [Member] | Total Mortgage-Backed Securities of Government Sponsored Agencies [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | U.S. Government Sponsored Agency Securities [Member] | Carrying Value [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 19,275 | 24,501 |
Recurring [Member] | U.S. Government Sponsored Agency Securities [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | U.S. Government Sponsored Agency Securities [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 19,275 | 24,501 |
Recurring [Member] | U.S. Government Sponsored Agency Securities [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | Obligations of States and Political Subdivisions [Member] | Carrying Value [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 13,481 | 16,662 |
Recurring [Member] | Obligations of States and Political Subdivisions [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 0 | 0 |
Recurring [Member] | Obligations of States and Political Subdivisions [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | 13,481 | 16,662 |
Recurring [Member] | Obligations of States and Political Subdivisions [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Available for sale [Abstract] | ||
Securities available for sale | $ 0 | $ 0 |
FAIR VALUE, Assets and Liabil43
FAIR VALUE, Assets and Liabilities Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Impaired Loans Additional Disclosure [Abstract] | |||||
Recorded investment in impaired loans carried at fair value | $ 18,483 | $ 18,483 | $ 4,446 | ||
Valuation allowance for impaired loans | 1,598 | 1,598 | 606 | ||
Impaired collateral dependent loans, provision for loan losses | 423 | $ 24 | 1,165 | $ 215 | |
Other Real Estate Owned Additional Disclosure [Abstract] | |||||
Recorded investment in other real estate owned carried at fair value - gross | 8,642 | 8,642 | 9,900 | ||
Valuation allowance for other real estate owned | 3,389 | 3,389 | 3,276 | ||
Write downs | 111 | $ 478 | 474 | $ 478 | |
Multifamily Real Estate [Member] | |||||
Impaired Loans Additional Disclosure [Abstract] | |||||
Valuation allowance for impaired loans | 517 | 517 | |||
Commercial Real Estate [Member] | Owner Occupied [Member] | |||||
Impaired Loans Additional Disclosure [Abstract] | |||||
Valuation allowance for impaired loans | 301 | 301 | 244 | ||
Commercial Real Estate [Member] | Non-Owner Occupied [Member] | |||||
Impaired Loans Additional Disclosure [Abstract] | |||||
Valuation allowance for impaired loans | 88 | 88 | |||
Commercial and Industrial [Member] | |||||
Impaired Loans Additional Disclosure [Abstract] | |||||
Valuation allowance for impaired loans | 155 | 155 | 276 | ||
All Other [Member] | |||||
Impaired Loans Additional Disclosure [Abstract] | |||||
Valuation allowance for impaired loans | 518 | 518 | 86 | ||
Nonrecurring [Member] | Carrying Amount [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 16,885 | 16,885 | 3,841 | ||
Total OREO | 5,253 | 5,253 | 6,624 | ||
Nonrecurring [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | 0 | ||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | 0 | ||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 16,885 | 16,885 | 3,841 | ||
Total OREO | 5,253 | 5,253 | 6,624 | ||
Nonrecurring [Member] | Residential Real Estate [Member] | Carrying Amount [Member] | |||||
Assets [Abstract] | |||||
Total OREO | 370 | 370 | 613 | ||
Nonrecurring [Member] | Residential Real Estate [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Assets [Abstract] | |||||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | Residential Real Estate [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||
Assets [Abstract] | |||||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | Residential Real Estate [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Assets [Abstract] | |||||
Total OREO | 370 | 370 | 613 | ||
Nonrecurring [Member] | Multifamily Real Estate [Member] | Carrying Amount [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 10,578 | 10,578 | |||
Nonrecurring [Member] | Multifamily Real Estate [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | |||
Nonrecurring [Member] | Multifamily Real Estate [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | |||
Nonrecurring [Member] | Multifamily Real Estate [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 10,578 | 10,578 | |||
Nonrecurring [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Carrying Amount [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 569 | 569 | 793 | ||
Total OREO | 175 | 175 | 175 | ||
Nonrecurring [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | 0 | ||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | 0 | ||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 569 | 569 | 793 | ||
Total OREO | 175 | 175 | 175 | ||
Nonrecurring [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Carrying Amount [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 1,984 | 1,984 | |||
Total OREO | 1,853 | 1,853 | 2,153 | ||
Nonrecurring [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | |||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | |||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 1,984 | 1,984 | |||
Total OREO | 1,853 | 1,853 | 2,153 | ||
Nonrecurring [Member] | Commercial and Industrial [Member] | Carrying Amount [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 161 | 161 | 12 | ||
Nonrecurring [Member] | Commercial and Industrial [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | 0 | ||
Nonrecurring [Member] | Commercial and Industrial [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | 0 | ||
Nonrecurring [Member] | Commercial and Industrial [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 161 | 161 | 12 | ||
Nonrecurring [Member] | All Other [Member] | Carrying Amount [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 3,593 | 3,593 | 3,036 | ||
Total OREO | 2,855 | 2,855 | 3,683 | ||
Nonrecurring [Member] | All Other [Member] | Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | 0 | ||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | All Other [Member] | Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 0 | 0 | 0 | ||
Total OREO | 0 | 0 | 0 | ||
Nonrecurring [Member] | All Other [Member] | Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Assets [Abstract] | |||||
Total impaired loans | 3,593 | 3,593 | 3,036 | ||
Total OREO | $ 2,855 | $ 2,855 | $ 3,683 |
FAIR VALUE, Asset Quantitative
FAIR VALUE, Asset Quantitative Information (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 16,885 | $ 3,841 |
Impaired Loans [Member] | Multifamily Real Estate [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 10,578 | |
Impaired Loans [Member] | Multifamily Real Estate [Member] | Sales Comparison [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 4.00% | |
Impaired Loans [Member] | Multifamily Real Estate [Member] | Sales Comparison [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 4.00% | |
Impaired Loans [Member] | Multifamily Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 4.00% | |
Impaired Loans [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 569 | $ 793 |
Impaired Loans [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Sales Comparison [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for limited salability of specialized property | 9.30% | |
Adjustment for estimated realizable value | 23.10% | |
Impaired Loans [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Sales Comparison [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for limited salability of specialized property | 76.40% | |
Adjustment for estimated realizable value | 23.10% | |
Impaired Loans [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Sales Comparison [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for limited salability of specialized property | 19.30% | |
Adjustment for estimated realizable value | 23.10% | |
Impaired Loans [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 1,984 | |
Impaired Loans [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Income Approach [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences in net operating income expectations | 67.40% | |
Impaired Loans [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Income Approach [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences in net operating income expectations | 67.40% | |
Impaired Loans [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Income Approach [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences in net operating income expectations | 67.40% | |
Impaired Loans [Member] | Commercial and Industrial [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 161 | $ 12 |
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 8.00% | |
Adjustment for estimated realizable value | 8.00% | |
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 8.00% | |
Adjustment for estimated realizable value | 56.50% | |
Impaired Loans [Member] | Commercial and Industrial [Member] | Sales Comparison [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 8.00% | |
Adjustment for estimated realizable value | 52.80% | |
Impaired Loans [Member] | All Other [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 3,593 | $ 3,036 |
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 5.70% | |
Adjustment for percentage of completion of construction | 8.00% | |
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 9.00% | |
Adjustment for percentage of completion of construction | 23.00% | |
Impaired Loans [Member] | All Other [Member] | Sales Comparison [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 8.00% | |
Adjustment for percentage of completion of construction | 22.70% | |
Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 5,253 | $ 6,624 |
Other Real Estate Owned [Member] | Residential Real Estate [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 370 | $ 613 |
Other Real Estate Owned [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 0.00% | 0.70% |
Other Real Estate Owned [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 50.20% | 86.80% |
Other Real Estate Owned [Member] | Residential Real Estate [Member] | Sales Comparison [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 16.40% | 25.20% |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 175 | $ 175 |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Sales Comparison [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 21.80% | |
Adjustment for estimated realizable value | 21.80% | |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Sales Comparison [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 21.80% | |
Adjustment for estimated realizable value | 21.80% | |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | Owner Occupied [Member] | Sales Comparison [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 21.80% | |
Adjustment for estimated realizable value | 21.80% | |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 1,853 | $ 2,153 |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Sales Comparison [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 17.20% | |
Adjustment for estimated realizable value | 31.80% | |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Sales Comparison [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 27.60% | |
Adjustment for estimated realizable value | 58.90% | |
Other Real Estate Owned [Member] | Commercial Real Estate [Member] | Non-Owner Occupied [Member] | Sales Comparison [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for differences between the comparable sales | 25.70% | |
Adjustment for estimated realizable value | 34.70% | |
Other Real Estate Owned [Member] | All Other [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value | $ 2,855 | $ 3,683 |
Other Real Estate Owned [Member] | All Other [Member] | Sales Comparison [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for estimated realizable value | 15.10% | 15.10% |
Other Real Estate Owned [Member] | All Other [Member] | Sales Comparison [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for estimated realizable value | 69.00% | 45.40% |
Other Real Estate Owned [Member] | All Other [Member] | Sales Comparison [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment for estimated realizable value | 18.80% | 21.80% |