Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2015 | Nov. 09, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | OHIO VALLEY BANC CORP | |
Trading Symbol | ovbc | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 4,117,675 | |
Amendment Flag | false | |
Entity Central Index Key | 894,671 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q3 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
ASSETS | ||
Cash and noninterest-bearing deposits with banks | $ 11,177 | $ 9,315 |
Interest-bearing deposits with banks | 52,983 | 21,662 |
Total cash and cash equivalents | 64,160 | 30,977 |
Certificates of deposit in financial institutions | 1,715 | 980 |
Securities available for sale | 87,891 | 85,236 |
Securities held to maturity (estimated fair value: 2015 - $22,110; 2014 - $23,570) | 21,433 | 22,820 |
Federal Home Loan Bank and Federal Reserve Bank stock | 6,576 | 6,576 |
Total loans | 585,168 | 594,768 |
Less: Allowance for loan losses | (6,902) | (8,334) |
Net loans | 578,266 | 586,434 |
Premises and equipment, net | 10,112 | 9,195 |
Other real estate owned | 1,624 | 1,525 |
Accrued interest receivable | 1,896 | 1,806 |
Goodwill | 1,267 | 1,267 |
Bank owned life insurance and annuity assets | 26,097 | 25,612 |
Other assets | 7,429 | 6,240 |
Total assets | 808,466 | 778,668 |
LIABILITIES | ||
Noninterest-bearing deposits | 166,133 | 161,794 |
Interest-bearing deposits | 505,331 | 485,036 |
Total deposits | 671,464 | 646,830 |
Other borrowed funds | 24,257 | 24,972 |
Subordinated debentures | 8,500 | 8,500 |
Accrued liabilities | 14,290 | 12,150 |
Total liabilities | $ 718,511 | $ 692,452 |
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5) | ||
SHAREHOLDERS’ EQUITY | ||
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 4,777,414 shares issued) | $ 4,777 | $ 4,777 |
Additional paid-in capital | 35,318 | 35,318 |
Retained earnings | 64,748 | 60,873 |
Accumulated other comprehensive income | 824 | 960 |
Treasury stock, at cost (659,739 shares) | (15,712) | (15,712) |
Total shareholders’ equity | 89,955 | 86,216 |
Total liabilities and shareholders’ equity | $ 808,466 | $ 778,668 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Securities held to maturity, fair value (in Dollars) | $ 22,110 | $ 23,570 |
Common stock, stated value (in Dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 4,777,414 | 4,777,414 |
Treasury stock, shares | 659,739 | 659,739 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Interest and dividend income: | ||||
Loans, including fees | $ 8,323 | $ 8,252 | $ 25,372 | $ 25,289 |
Securities | ||||
Taxable | 463 | 429 | 1,365 | 1,280 |
Tax exempt | 130 | 140 | 403 | 415 |
Dividends | 73 | 73 | 219 | 239 |
Other Interest | 27 | 10 | 150 | 114 |
9,016 | 8,904 | 27,509 | 27,337 | |
Interest expense: | ||||
Deposits | 569 | 535 | 1,659 | 1,686 |
Other borrowed funds | 119 | 120 | 360 | 351 |
Subordinated debentures | 43 | 41 | 126 | 123 |
731 | 696 | 2,145 | 2,160 | |
Net interest income | 8,285 | 8,208 | 25,364 | 25,177 |
Provision for loan losses | (11) | (682) | 710 | 1,198 |
Net interest income after provision for loan losses | 8,296 | 8,890 | 24,654 | 23,979 |
Noninterest income: | ||||
Service charges on deposit accounts | 415 | 436 | 1,161 | 1,222 |
Trust fees | 52 | 55 | 167 | 169 |
Income from bank owned life insurance and annuity assets | 172 | 164 | 486 | 494 |
Mortgage banking income | 77 | 66 | 191 | 181 |
Electronic refund check / deposit fees | 12 | 11 | 2,362 | 3,073 |
Debit / credit card interchange income | 604 | 555 | 1,769 | 1,607 |
Gain on other real estate owned | 10 | 60 | 2 | |
Gain on sale of securities | 28 | 163 | ||
Gain on sale of ProAlliance Corporation | 675 | 810 | ||
Other | 224 | 134 | 631 | 578 |
1,584 | 2,106 | 6,990 | 8,136 | |
Noninterest expense: | ||||
Salaries and employee benefits | 4,556 | 4,213 | 13,382 | 12,825 |
Occupancy | 404 | 390 | 1,194 | 1,179 |
Furniture and equipment | 192 | 227 | 564 | 559 |
FDIC insurance | 144 | 121 | 442 | 361 |
Data processing | 323 | 310 | 1,053 | 924 |
Foreclosed assets | 74 | 28 | 171 | 130 |
Other | 2,034 | 1,955 | 5,902 | 5,558 |
7,727 | 7,244 | 22,708 | 21,536 | |
Income before income taxes | 2,153 | 3,752 | 8,936 | 10,579 |
Provision for income taxes | 511 | 1,010 | 2,260 | 2,929 |
NET INCOME | $ 1,642 | $ 2,742 | $ 6,676 | $ 7,650 |
Earnings per share (in Dollars per share) | $ 0.40 | $ 0.67 | $ 1.62 | $ 1.87 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Net Income | $ 1,642 | $ 2,742 | $ 6,676 | $ 7,650 |
Other comprehensive income (loss): | ||||
Change in unrealized gain on available for sale securities | 472 | (440) | (44) | 722 |
Reclassification adjustment for realized (gains) | (28) | (163) | ||
444 | (440) | (207) | 722 | |
Related tax (expense) benefit | (151) | 149 | 71 | (245) |
Total other comprehensive income (loss), net of tax | 293 | (291) | (136) | 477 |
Total comprehensive income | $ 1,935 | $ 2,451 | $ 6,540 | $ 8,127 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) $ in Thousands | USD ($)$ / shares |
Balance at beginning of period at Dec. 31, 2013 | $ 80,419 |
Net income | 7,650 |
Other comprehensive income (loss), net of tax | 477 |
Cash dividends | (2,583) |
Balance at end of period at Sep. 30, 2014 | $ 85,963 |
Cash dividends per share (in Dollars per share) | $ / shares | $ 0.63 |
Balance at beginning of period at Jun. 30, 2014 | $ 84,373 |
Net income | 2,742 |
Other comprehensive income (loss), net of tax | (291) |
Cash dividends | (861) |
Balance at end of period at Sep. 30, 2014 | $ 85,963 |
Cash dividends per share (in Dollars per share) | $ / shares | $ 0.21 |
Balance at beginning of period at Dec. 31, 2014 | $ 86,216 |
Net income | 6,676 |
Other comprehensive income (loss), net of tax | (136) |
Cash dividends | (2,801) |
Balance at end of period at Sep. 30, 2015 | $ 89,955 |
Cash dividends per share (in Dollars per share) | $ / shares | $ 0.68 |
Balance at beginning of period at Jun. 30, 2015 | $ 88,885 |
Net income | 1,642 |
Other comprehensive income (loss), net of tax | 293 |
Cash dividends | (865) |
Balance at end of period at Sep. 30, 2015 | $ 89,955 |
Cash dividends per share (in Dollars per share) | $ / shares | $ 0.21 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Net cash provided by operating activities: | $ 8,585 | $ 10,419 |
Investing activities: | ||
Proceeds from maturities of securities available for sale | 11,604 | 11,549 |
Purchases of securities available for sale | (25,150) | (8,041) |
Proceeds from maturities of securities held to maturity | 1,967 | 694 |
Purchases of securities held to maturity | (626) | (885) |
Proceeds from sale of available for sale securities | 10,550 | 0 |
Purchases of certificates of deposit in financial institutions | (735) | (980) |
Redemptions of Federal Home Loan Bank stock | 1,200 | |
Net change in loans | 6,933 | (21,682) |
Proceeds from sale of other real estate owned | 487 | 348 |
Purchases of premises and equipment | (1,418) | (790) |
Net cash provided by (used in) investing activities | 3,612 | (18,587) |
Financing activities: | ||
Change in deposits | 24,634 | 16,694 |
Cash dividends | (2,801) | (2,583) |
Proceeds from Federal Home Loan Bank borrowings | 400 | 6,633 |
Repayment of Federal Home Loan Bank borrowings | (1,343) | (1,294) |
Change in other short-term borrowings | 96 | 50 |
Net cash provided by financing activities | 20,986 | 19,500 |
Change in cash and cash equivalents | 33,183 | 11,332 |
Cash and cash equivalents at beginning of period | 30,977 | 28,344 |
Cash and cash equivalents at end of period | 64,160 | 39,676 |
Supplemental disclosure: | ||
Cash paid for interest | 2,047 | 2,238 |
Cash paid for income taxes | 2,450 | 3,192 |
Transfers from loans to other real estate owned | $ 525 | 740 |
Other real estate owned sales financed by the Bank | $ 140 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION : These interim financial statements are prepared by the Company without audit and reflect all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly the consolidated financial position of the Company at September 30, 2015, and its results of operations and cash flows for the periods presented. The results of operations for the nine months ended September 30, 2015 are not necessarily indicative of the operating results to be anticipated for the full fiscal year ending December 31, 2015. The accompanying consolidated financial statements do not purport to contain all the necessary financial disclosures required by accounting principles generally accepted in the United States of America that might otherwise be necessary in the circumstances. The Annual Report of the Company for the year ended December 31, 2014 contains consolidated financial statements and related notes which should be read in conjunction with the accompanying consolidated financial statements. As previously reported, the Internal Revenue Service proposed that Loan Central, as a tax return preparer, be assessed a penalty for allegedly negotiating or endorsing checks issued by the U.S. Treasury to taxpayers. The penalty would amount to approximately $1.2 million. Loan Central appealed this matter within the Internal Revenue Service. Loan Central was notified that the Appeals Office would not concede the penalty, and the penalty has been assessed. The Company will have to resolve the matter through the judicial system. Based on consultation with legal counsel, management remains confident that it is highly unlikely that the penalty recommendation will be sustained. Therefore, the Company did not recognize any interest and/or penalties related to this matter for the periods presented. The consolidated financial statements for 2014 have been reclassified to conform to the presentation for 2015. These reclassifications had no effect on the net results of operations or shareholders’ equity. USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS: INDUSTRY SEGMENT INFORMATION: EARNINGS PER SHARE : NEW ACCOUNTING PRONOUNCEMENTS: In June 2014, the FASB issued ASU 2014-11 “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures”. The amendments in ASU 2014-11 change the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The amendments also require two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. 2014-11 is effective for reporting periods beginning after December 15, 2014. The effect of adopting ASU 2014-11 did not have a material effect on the Company’s financial statements. In June 2014, the FASB issued ASU 2014-12 “Compensation – Stock Compensation (Topic 718)”. ASU 2014-12 clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. Therefore, an entity would not record compensation expense (measured as of the grant date without taking into account the effect of the performance target) related to an award for which transfer to the employee is contingent on the entity’s satisfaction of a performance target until it becomes probable that the performance target will be met. No new disclosures are required under ASU 2014-12. The guidance is effective for reporting periods beginning after December 15, 2015. The effect of adopting ASU 2014-12 is not expected to have a material effect on the Company’s financial statements. |
Note 2 - Fair Value of Financia
Note 2 - Fair Value of Financial Instruments | 9 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | NOTE 2 – FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (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 values: Level 1: Level 2: Level 3: The following is a description of the Company’s valuation methodologies used to measure and disclose the fair values of its financial assets and liabilities on a recurring or nonrecurring basis: Securities: Impaired Loans: Other Real Estate Owned: Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of management reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with management’s own assumptions of fair value based on factors that include recent market data or industry-wide statistics. On an as-needed basis, the Company reviews the fair value of collateral, taking into consideration current market data, as well as all selling costs that typically approximate 10%. 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, 2015 Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government sponsored entity securities ---- $ 8,998 ---- Agency mortgage-backed securities, residential ---- 78,893 ---- Fair Value Measurements at December 31, 2014, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government sponsored entity securities ---- $ 8,917 ---- Agency mortgage-backed securities, residential ---- 76,319 ---- There were no transfers between Level 1 and Level 2 during 2015 or 2014. Assets and Liabilities Measured on a Nonrecurring Basis Assets and liabilities measured at fair value on a nonrecurring basis are summarized below: Fair Value Measurements at September 30, 2015, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Residential real estate ---- ---- $ 829 Commercial real estate: Nonowner-occupied ---- ---- 2,548 Other real estate owned: Commercial real estate: Construction ---- ---- 1,147 Fair Value Measurements at December 31, 2014, Using 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 ---- ---- $ 1,679 Nonowner-occupied ---- ---- 5,270 Commercial and industrial ---- ---- 2,532 Other real estate owned: Commercial real estate: Construction ---- ---- 1,147 At September 30, 2015, the recorded investment of impaired loans measured for impairment using the fair value of collateral for collateral-dependent loans totaled $3,443, with a corresponding valuation allowance of $66. This resulted in an increase of $107 in provision expense during the three months ended September 30, 2015, and an increase of $94 in provision expense during the nine months ended September 30, 2015, with $1,782 in additional charge-offs recognized. The increase in the provision is compared to a decrease of $533 in provision expense during the three months ended September 30, 2014, and a decrease of $680 in provision expense during the nine months ended September 30, 2014, with $157 in additional charge-offs recognized. At December 31, 2014, the recorded investment of impaired loans measured for impairment using the fair value of collateral for collateral-dependent loans totaled $12,773, with a corresponding valuation allowance of $3,292. Other real estate owned that was measured at fair value less costs to sell at September 30, 2015 and December 31, 2014 had a net carrying amount of $1,147, which is made up of the outstanding balance of $2,217, net of a valuation allowance of $1,070 at December 31, 2014. There were no corresponding write- downs during the three and nine months ended September 30, 2015 and 2014. The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2015 and December 31, 2014: September 30, 2015 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Impaired loans: Residential real estate $ 829 Sales approach Adjustment to comparables 7% to 40% 16% Commercial real estate: Nonowner-occupied 2,548 Sales approach Adjustment to comparables 0% to 12.5% 5.7% Other real estate owned: Commercial real estate: Construction 1,147 Sales approach Adjustment to comparables 5% to 35% 18% December 31, 2014 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Impaired loans: Commercial real estate: Owner-occupied $ 1,679 Sales approach Adjustment to comparables 0.3% to 62% 18% Income approach Capitalization Rate 10% 10% Nonowner-occupied 2,597 Income approach Capitalization Rate 6.5% 6.5% Nonowner-occupied 2,673 Sales approach Adjustment to comparables 0% to 12.5% 5.7% Commercial and industrial 2,532 Sales approach Adjustment to comparables 10% to 30% 21.42% Other real estate owned: Commercial real estate: Construction 1,147 Sales approach Adjustment to comparables 5% to 35% 18% The carrying amounts and estimated fair values of financial instruments at September 30, 2015 and December 31, 2014 are as follows: Fair Value Measurements at September 30, 2015 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 64,160 $ 64,160 $ ---- $ ---- $ 64,160 Certificates of deposit in financial institutions 1,715 ---- 1,715 ---- 1,715 Securities available for sale 87,891 ---- 87,891 ---- 87,891 Securities held to maturity 21,433 ---- 11,172 10,938 22,110 Federal Home Loan Bank and Federal Reserve Bank stock 6,576 N/A N/A N/A N/A Loans, net 578,266 ---- ---- 589,434 589,434 Accrued interest receivable 1,896 ---- 351 1,545 1,896 Financial liabilities: Deposits 671,464 165,689 505,754 ---- 671,443 Other borrowed funds 24,257 ---- 23,751 ---- 23,751 Subordinated debentures 8,500 ---- 5,157 ---- 5,157 Accrued interest payable 491 3 488 ---- 491 Fair Value Measurements at December 31, 2014 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 30,977 $ 30,977 $ ---- $ ---- $ 30,977 Certificates of deposit in financial institutions 980 ---- 980 ---- 980 Securities available for sale 85,236 ---- 85,236 ---- 85,236 Securities held to maturity 22,820 ---- 12,144 11,426 23,570 Federal Home Loan Bank and Federal Reserve Bank stock 6,576 N/A N/A N/A N/A Loans, net 586,434 ---- ---- 591,594 591,594 Accrued interest receivable 1,806 ---- 230 1,576 1,806 Financial liabilities: Deposits 646,830 161,784 485,503 ---- 647,287 Other borrowed funds 24,972 ---- 24,555 ---- 24,555 Subordinated debentures 8,500 ---- 4,979 ---- 4,979 Accrued interest payable 394 4 390 ---- 394 The methods and assumptions, not previously presented, used to estimate fair values are described as follows: Cash and Cash Equivalents Certificates of Deposit in Financial Institutions Securities Held to Maturity: Federal Home Loan Bank and Federal Reserve Bank stock Loans Deposit Liabilities Other Borrowed Funds Subordinated Debentures Accrued Interest Receivable and Payable , resulting in a classification that is consistent with the earning assets and interest-bearing liabilities with which it is associated. Off-balance Sheet Instruments Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. |
Note 3 - Securities
Note 3 - Securities | 9 Months Ended |
Sep. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | N OTE 3 – SECURITIES The following table summarizes the amortized cost and estimated fair value of the available for sale and held to maturity securities portfolios at September 30, 2015 and December 31, 2014 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income for available for sale securities and gross unrecognized gains and losses for held to maturity securities: Securities Available for Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2015 U.S. Government sponsored entity securities $ 9,013 $ 2 $ (17 ) $ 8,998 Agency mortgage-backed securities, residential 77,629 1,463 (199 ) 78,893 Total securities $ 86,642 $ 1,465 $ (216 ) $ 87,891 December 31, 2014 U.S. Government sponsored entity securities $ 9,019 $ 2 $ (104 ) $ 8,917 Agency mortgage-backed securities, residential 74,762 1,693 (136 ) 76,319 Total securities $ 83,781 $ 1,695 $ (240 ) $ 85,236 Securities Held to Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Estimated Fair Value September 30, 2015 Obligations of states and political subdivisions $ 21,426 $ 909 $ (232 ) $ 22,103 Agency mortgage-backed securities, residential 7 ---- ---- 7 Total securities $ 21,433 $ 909 $ (232 ) $ 22,110 December 31, 2014 Obligations of states and political subdivisions $ 22,811 $ 939 $ (189 ) $ 23,561 Agency mortgage-backed securities, residential 9 ---- ---- 9 Total securities $ 22,820 $ 939 $ (189 ) $ 23,570 The amortized cost and estimated fair value of the securities portfolio at September 30, 2015, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities. Securities not due at a single maturity are shown separately. Available for Sale Held to Maturity Debt Securities: Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due in one year or less $ 1,001 $ 1,003 $ 620 $ 631 Due in over one to five years 8,012 7,995 6,214 6,563 Due in over five to ten years ---- ---- 11,239 11,654 Due after ten years ---- ---- 3,353 3,255 Agency mortgage-backed securities, residential 77,629 78,893 7 7 Total debt securities $ 86,642 $ 87,891 $ 21,433 $ 22,110 The following table summarizes the investment securities with unrealized losses at September 30, 2015 and December 31, 2014 by aggregated major security type and length of time in a continuous unrealized loss position: Less Than 12 Months 12 Months or More Total September 30 , 201 5 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Government sponsored entity securities $ 3,996 $ (9 ) $ 3,999 $ (8 ) $ 7,995 $ (17 ) Agency mortgage-backed securities, residential 16,252 (158 ) 3,786 (41 ) 20,038 (199 ) Total available for sale $ 20,248 $ (167 ) $ 7,785 $ (49 ) $ 28,033 $ (216 ) Less Than 12 Months 12 Months or More Total Fair Value Unrecognized Loss Fair Value Unrecognized Loss Fair Value Unrecognized Loss Securities Held to Maturity Obligations of states and political subdivisions $ 1,011 $ (87 ) $ 1,511 $ (145 ) $ 2,522 $ (232 ) Total held to maturity $ 1,011 $ (87 ) $ 1,511 $ (145 ) $ 2,522 $ (232 ) Less Than 12 Months 12 Months or More Total December 31 , 201 4 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Government sponsored entity securities $ ---- $ ---- $ 7,911 $ (104 ) $ 7,911 $ (104 ) Agency mortgage-backed securities, residential 11,232 (20 ) 8,397 (116 ) 19,629 (136 ) Total available for sale $ 11,232 $ (20 ) $ 16,308 $ (220 ) $ 27,540 $ (240 ) Less Than 12 Months 12 Months or More Total Fair Value Unrecognized Loss Fair Value Unrecognized Loss Fair Value Unrecognized Loss Securities Held to Maturity Obligations of states and political subdivisions $ 1,171 $ (9 ) $ 2,916 $ (180 ) $ 4,087 $ (189 ) Total held to maturity $ 1,171 $ (9 ) $ 2,919 $ (180 ) $ 4,087 $ (189 ) During the nine months ended September 30, 2015, the Company had proceeds of $10,550 pertaining to securities sales on available for sale securities with gross gains recognized of $28 and $163 during the three and nine months ended September 30, 2015, respectively. There were no sales during the three and nine months ended September 30, 2014. Unrealized losses on the Company's debt securities have not been recognized into income because the issuers' securities are of high credit quality at September 30, 2015, and management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. Management does not believe any individual unrealized loss at September 30, 2015 and December 31, 2014 represents an other-than-temporary impairment. |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2015 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | N OTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans are comprised of the following: September 30, December 31, 2015 2014 Residential real estate $ 224,492 $ 223,628 Commercial real estate: Owner-occupied 73,961 78,848 Nonowner-occupied 67,909 71,229 Construction 24,670 27,535 Commercial and industrial 84,402 83,998 Consumer: Automobile 44,473 42,849 Home equity 20,501 18,291 Other 44,760 48,390 585,168 594,768 Less: Allowance for loan losses 6,902 8,334 Loans, net $ 578,266 $ 586,434 The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2015 and 2014: September 30, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,230 $ 2,795 $ 2,287 $ 1,132 $ 7,444 Provision for loan losses (166 ) (214 ) 205 164 (11 ) Loans charged off (40 ) (596 ) ---- (309 ) (945 ) Recoveries 219 15 11 169 414 Total ending allowance balance $ 1,243 $ 2,000 $ 2,503 $ 1,156 $ 6,902 September 30, 2014 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,878 $ 3,276 $ 1,625 $ 1,149 $ 7,928 Provision for loan losses (240 ) (551 ) (90 ) 199 (682 ) Loans charged off (157 ) (78 ) (37 ) (363 ) (635 ) Recoveries 99 3 114 137 353 Total ending allowance balance $ 1,580 $ 2,650 $ 1,612 $ 1,122 $ 6,964 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 and 2014: September 30, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,426 $ 4,195 $ 1,602 $ 1,111 $ 8,334 Provision for loan losses (256 ) (272 ) 697 541 710 Loans charged off (263 ) (1,970 ) (24 ) (1,016 ) (3,273 ) Recoveries 336 47 228 520 1,131 Total ending allowance balance $ 1,243 $ 2,000 $ 2,503 $ 1,156 $ 6,902 September 30, 2014 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,169 $ 2,914 $ 1,279 $ 793 $ 6,155 Provision for loan losses 513 (111 ) 92 704 1,198 Loans charged off (350 ) (235 ) (41 ) (815 ) (1,441 ) Recoveries 248 82 282 440 1,052 Total ending allowance balance $ 1,580 $ 2,650 $ 1,612 $ 1,122 $ 6,964 The following table presents the balance in the allowance for loan losses and the recorded investment of loans by portfolio segment and based on impairment method as of September 30, 2015 and December 31, 2014: September 30, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 66 $ 313 $ 1,711 $ 3 $ 2,093 Collectively evaluated for impairment 1,177 1,687 792 1,153 4,809 Total ending allowance balance $ 1,243 $ 2,000 $ 2,503 $ 1,156 $ 6,902 Loans: Loans individually evaluated for impairment $ 1,898 $ 7,496 $ 7,267 $ 218 $ 16,879 Loans collectively evaluated for impairment 222,594 159,044 77,135 109,516 568,289 Total ending loans balance $ 224,492 $ 166,540 $ 84,402 $ 109,734 $ 585,168 December 31, 2014 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ ---- $ 2,506 $ 900 $ 6 $ 3,412 Collectively evaluated for impairment 1,426 1,689 702 1,105 4,922 Total ending allowance balance $ 1,426 $ 4,195 $ 1,602 $ 1,111 $ 8,334 Loans: Loans individually evaluated for impairment $ 1,415 $ 11,711 $ 6,824 $ 219 $ 20,169 Loans collectively evaluated for impairment 222,213 165,901 77,174 109,311 574,599 Total ending loans balance $ 223,628 $ 177,612 $ 83,998 $ 109,530 $ 594,768 The following tables present information related to loans individually evaluated for impairment by class of loans as of September 30, 2015 and December 31, 2014: September 30, 2015 Unpaid Recorded Investment Allowance for With an allowance recorded: Residential real estate $ 895 $ 895 $ 66 Commercial real estate: Owner-occupied 204 204 204 Nonowner-occupied 399 399 109 Commercial and industrial 3,460 3,460 1,711 Consumer: Home equity 218 218 3 With no related allowance recorded: Residential real estate 1,003 1,003 ---- Commercial real estate: Owner-occupied 3,911 3,364 ---- Nonowner-occupied 5,258 2,849 ---- Construction 680 680 ---- Commercial and industrial 3,807 3,807 ---- Total $ 19,835 $ 16,879 $ 2,093 December 31, 2014 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Commercial real estate: Owner-occupied $ 1,177 $ 1,177 $ 414 Nonowner-occupied 7,656 7,656 2,092 Commercial and industrial 2,356 2,356 900 Consumer: Home equity 219 219 6 With no related allowance recorded: Residential real estate 1,415 1,415 ---- Commercial real estate: Owner-occupied 3,125 2,578 ---- Nonowner-occupied 1,298 300 ---- Commercial and industrial 4,703 4,468 ---- Total $ 21,949 $ 20,169 $ 3,412 The following tables present information related to loans individually evaluated for impairment by class of loans for the three and nine months ended September 30, 2015 and 2014: Three months ended September 30, 2015 Nine months ended September 30, 2015 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Residential real estate $ 895 $ ---- $ ---- $ 895 $ ---- $ ---- Commercial real estate: Owner-occupied 204 11 11 204 11 11 Nonowner-occupied 401 5 5 404 70 70 Commercial and industrial 3,589 52 52 3,343 117 117 Consumer: Home equity 218 2 2 219 6 6 With no related allowance recorded: Residential real estate 1,005 11 11 761 36 36 Commercial real estate: Owner-occupied 2,873 74 74 2,617 135 135 Nonowner-occupied 2,910 12 12 3,605 37 37 Construction 680 ---- ---- 510 ---- ---- Commercial and industrial 3,800 26 26 3,897 133 133 Total $ 16,575 $ 193 $ 193 $ 16,455 $ 545 $ 545 Three months ended September 30, 2014 Nine months ended September 30, 2014 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Residential real estate $ 552 $ 17 $ 17 $ 487 $ 25 $ 25 Commercial real estate: Owner-occupied 145 ---- ---- 73 ---- ---- Nonowner-occupied 3,422 41 41 3,439 94 94 Commercial and industrial 3,259 39 39 1,629 107 107 Consumer: Home equity 109 8 8 54 8 8 With no related allowance recorded: Residential real estate 611 12 12 544 25 25 Commercial real estate: Owner-occupied 1,479 9 9 6,513 31 31 Nonowner-occupied 5,974 81 81 6,513 267 267 Consumer: Home equity ---- ---- ---- ---- 3 3 Total $ 15,551 $ 207 $ 207 $ 14,130 $ 560 $ 560 The recorded investment of a loan is its carrying value excluding accrued interest and deferred loan fees. Nonaccrual loans and loans past due 90 days or more and still accruing include both smaller balance homogenous loans that are collectively evaluated for impairment and individually classified as impaired loans. The following table presents the recorded investment of nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of September 30, 2015 and December 31, 2014: September 30, 2015 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 169 $ 3,298 Commercial real estate: Owner-occupied ---- 233 Nonowner-occupied ---- 2,549 Construction ---- 769 Commercial and industrial ---- 1,050 Consumer: Automobile 117 7 Home equity ---- 111 Other 34 2 Total $ 320 $ 8,019 December 31, 2014 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ ---- $ 3,768 Commercial real estate: Owner-occupied ---- 1,484 Nonowner-occupied ---- 4,013 Commercial and industrial ---- 95 Consumer: Automobile 15 18 Home equity ---- 103 Other 58 68 Total $ 73 $ 9,549 The Company transfers loans to other real estate owned, at fair value less cost to sell, in the period the Company obtains physical possession of the property (through legal title or through a deed in lieu). As of September 30, 2015 and December 31, 2014, other real estate owned secured by residential real estate totaled $383 and $368, respectively. In addition, nonaccrual residential mortgage loans that are in the process of foreclosure had a recorded investment of $1,920 and $1,692 as of September 30, 2015 and December 31, 2014, respectively. The following table presents the aging of the recorded investment of past due loans by class of loans as of September 30, 2015 and December 31, 2014: September 30, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Loans Not Past Due Total Residential real estate $ 2,648 $ 483 $ 3,184 $ 6,315 $ 218,177 $ 224,492 Commercial real estate: Owner-occupied 283 145 233 661 73,300 73,961 Nonowner-occupied 378 232 2,549 3,159 64,750 67,909 Construction 58 ---- 769 827 23,843 24,670 Commercial and industrial 289 89 980 1,358 83,044 84,402 Consumer: Automobile 613 100 117 830 43,643 44,473 Home equity ---- ---- 90 90 20,411 20,501 Other 400 98 34 532 44,228 44,760 Total $ 4,669 $ 1,147 $ 7,956 $ 13,772 $ 571,396 $ 585,168 December 31, 2014 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Loans Not Past Due Total Residential real estate $ 3,337 $ 612 $ 3,489 $ 7,438 $ 216,190 $ 223,628 Commercial real estate: Owner-occupied 74 62 1,422 1,558 77,290 78,848 Nonowner-occupied ---- ---- ---- ---- 71,229 71,229 Construction 932 ---- ---- 932 26,603 27,535 Commercial and industrial ---- 10 24 34 83,964 83,998 Consumer: Automobile 616 149 33 798 42,051 42,849 Home equity ---- ---- 103 103 18,188 18,291 Other 655 20 126 801 47,589 48,390 Total $ 5,614 $ 853 $ 5,197 $ 11,664 $ 583,104 $ 594,768 Troubled Debt Restructurings: A troubled debt restructuring (“TDR”) occurs when the Company has agreed to a loan modification in the form of a concession for a borrower who is experiencing financial difficulty. All TDR's are considered to be impaired. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; a reduction in the contractual principal and interest payments of the loan; or short-term interest-only payment terms. The Company has allocated reserves for a portion of its TDR's to reflect the fair values of the underlying collateral or the present value of the concessionary terms granted to the customer. The following table presents the types of TDR loan modifications by class of loans as of September 30, 2015 and December 31, 2014: TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s September 30, 2015 Residential real estate Interest only payments $ 1,003 $ ---- $ 1,003 Commercial real estate: Owner-occupied Interest only payments 498 ---- 498 Rate reduction ---- 233 233 Reduction of principal and interest payments 610 ---- 610 Maturity extension at lower stated rate than market rate 2,023 ---- 2,023 Credit extension at lower stated rate than market rate 204 ---- 204 Nonowner-occupied Interest only payments 300 2,549 2,849 Rate reduction 399 ---- 399 Commercial and industrial Interest only payments 6,381 ---- 6,381 Credit extension at lower stated rate than market rate ---- 392 392 Consumer: Home equity Maturity extension at lower stated rate than market rate 218 ---- 218 Total TDR’s $ 11,636 $ 3,174 $ 14,810 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s December 31, 2014 Residential real estate Interest only payments $ 520 $ ---- $ 520 Commercial real estate: Owner-occupied Interest only payments 457 ---- 457 Rate reduction ---- 244 244 Reduction of principal and interest payments 627 ---- 627 Maturity extension at lower stated rate than market rate 1,046 ---- 1,046 Credit extension at lower stated rate than market rate 204 ---- 204 Nonowner-occupied Interest only payments 3,535 4,013 7,548 Rate reduction 408 ---- 408 Commercial and industrial Interest only payments 6,429 ---- 6,429 Credit extension at lower stated rate than market rate 395 ---- 395 Consumer: Home equity Maturity extension at lower stated rate than market rate 219 ---- 219 Total TDR’s $ 13,840 $ 4,257 $ 18,097 During the nine months ended September 30, 2015, the TDR's described above decreased the allowance for loan losses and provision expense by $44 with corresponding charge-offs of $1,422. This is compared to a $687 decrease in the provision expense and the allowance for loan losses during the nine months ended September 30, 2014 with no corresponding charge-offs. The charge-offs of $1,422 during 2015 included $1,304 that were related to specific reserves that had already been provided for during 2014, and, as a result, did not impact provision expense during 2015. During the year ended December 31, 2014, the TDR's described above increased the allowance for loan losses and provision expense by $623 with no corresponding charge-offs. At September 30, 2015, the balance in TDR loans decreased $3,287, or 18.2%, from year-end 2014. The decrease was largely due to a $1,304 charge-off of an existing specific allocation on a collateral-dependent commercial real estate loan. Further decreasing TDR loans was a $3,156 payoff of a commercial real estate loan during the third quarter of 2015. The effects from this specific allocation charge-off and large loan payoff were partially offset by a $1,025 commercial real estate loan classified as a TDR during the third quarter of 2015. The Company had 79% of its TDR's performing according to their modified terms at September 30, 2015, as compared to 77% at December 31, 2014. TDR loans not performing to modified terms were largely impacted by one commercial real estate loan totaling $4,013 that was converted to nonaccrual status during the fourth quarter of 2014 after it was determined that full loan repayment was in significant doubt. A further review of the collateral values of this commercial real estate loan during the fourth quarter of 2014 identified additional impairment, resulting in a specific allocation of $1,340 at December 31, 2014. During the second quarter of 2015, the specific allocation related to this impaired loan was charged off, as previously mentioned. As a result, the Company's specific allocations in reserves to customers whose loan terms have been modified in TDR’s totaled $1,532 at September 30, 2015, as compared to $2,998 in reserves at December 31, 2014. At September 30, 2015, the Company had $1,919 in commitments to lend additional amounts to customers with outstanding loans that are classified as TDR’s, as compared to $1,871 at December 31, 2014. The following table presents the pre- and post-modification balances of TDR loan modifications by class of loans that occurred during the nine months ended September 30, 2015 and 2014: TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Nine months ended September 30, 2015 Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Residential real estate: Interest only payments $ 495 $ 495 $ ---- $ ---- Commercial real estate: Owner-occupied Maturity extension at lower stated rate than market rate 1,025 1,025 ---- ---- Total TDR’s $ 1,520 $ 1,520 $ ---- $ ---- TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Nine months ended September 30, 2014 Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Commercial real estate: Owner-occupied Maturity extension at lower stated rate than market rate $ 762 $ 762 $ ---- $ ---- Commercial and industrial Interest only payments 2,908 2,908 ---- ---- Credit extension at lower stated rate than market rate 395 395 ---- ---- Total TDR’s $ 4,065 $ 4,065 $ ---- $ ---- All of the Company’s loans that were restructured during the nine months ended September 30, 2015 and 2014 were performing in accordance with their modified terms. Furthermore, there were no TDR’s described above at September 30, 2015 and 2014 that experienced any payment defaults within twelve months following their loan modification. A default is considered to have occurred once the TDR is past due 90 days or more or it has been placed on nonaccrual. TDR loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The loans modified during the nine months ended September 30, 2015 and 2014 had no impact on the provision expense or the allowance for loan losses. As of September 30, 2015 and 2014, the Company had no allocation of reserves to customers whose loan terms were modified during the first nine months of 2015 and 2014. 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. These risk categories are represented by a loan grading scale from 1 through 10. The Company analyzes loans individually with a higher credit risk rating and groups these loans into categories called “criticized” and “classified" assets. The Company considers its criticized assets to be loans that are graded 8 and its classified assets to be loans that are graded 9 or 10. The Company's risk categories are reviewed at least annually on loans that have aggregate borrowing amounts that meet or exceed $500. The Company uses the following definitions for its criticized loan risk ratings: Special Mention (Loan Grade 8). The Company uses the following definitions for its classified loan risk ratings: Substandard (Loan Grade 9). Doubtful (Loan Grade 10). Criticized and classified loans will mostly consist of commercial and industrial and commercial real estate loans. The Company considers its loans that do not meet the criteria for a criticized and classified asset rating as pass rated loans, which will include loans graded from 1 (Prime) to 7 (Watch). All commercial loans are categorized into a risk category either at the time of origination or reevaluation date. As of September 30, 2015 and December 31, 2014, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows: September 30, 2015 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 62,542 $ 7,580 $ 3,839 $ 73,961 Nonowner-occupied 57,196 6,498 4,215 67,909 Construction 23,742 ---- 928 24,670 Commercial and industrial 72,878 6,209 5,315 84,402 Total $ 216,358 $ 20,287 $ 14,297 $ 250,942 December 31, 2014 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 72,232 $ 2,102 $ 4,514 $ 78,848 Nonowner-occupied 60,491 2,127 8,611 71,229 Construction 27,364 ---- 171 27,535 Commercial and industrial 76,395 495 7,108 83,998 Total $ 236,482 $ 4,724 $ 20,404 $ 261,610 The Company also obtains the credit scores of its borrowers upon origination (if available by the credit bureau), but the scores are not updated. The Company focuses mostly on the performance and repayment ability of the borrower as an indicator of credit risk and does not consider a borrower's credit score to be a significant influence in the determination of a loan's credit risk grading. For residential and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment of residential and consumer loans by class of loans based on repayment activity as of September 30, 2015 and December 31, 2014: September 30, 2015 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 44,349 $ 20,390 $ 44,724 $ 221,025 $ 330,488 Nonperforming 124 111 36 3,467 3,738 Total $ 44,473 $ 20,501 $ 44,760 $ 224,492 $ 334,226 December 31, 2014 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 42,816 $ 18,188 $ 48,264 $ 219,860 $ 329,128 Nonperforming 33 103 126 3,768 4,030 Total $ 42,849 $ 18,291 $ 48,390 $ 223,628 $ 333,158 The Company, through its subsidiaries, originates residential, consumer, and commercial loans to customers located primarily in the southeastern areas of Ohio as well as the western counties of West Virginia. Approximately 6.04% of total loans were unsecured at September 30, 2015, up from 5.66% at December 31, 2014. |
Note 5 - Financial Instruments
Note 5 - Financial Instruments With Off-balance Sheet Risk | 9 Months Ended |
Sep. 30, 2015 | |
Risks and Uncertainties [Abstract] | |
Concentration Risk Disclosure [Text Block] | NOTE 5 - FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and financial guarantees. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit, and financial guarantees written, is represented by the contractual amount of those instruments. The contract amounts of these instruments are not included in the consolidated financial statements. At September 30, 2015, the contract amounts of these instruments totaled approximately $56,947, compared to $55,344 at December 31, 2014. The Bank uses the same credit policies in making commitments and conditional obligations as it does for instruments recorded on the balance sheet. Since many of these instruments are expected to expire without being drawn upon, the total contract amounts do not necessarily represent future cash requirements. |
Note 6 - Other Borrowed Funds
Note 6 - Other Borrowed Funds | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | NOTE 6 - OTHER BORROWED FUNDS Other borrowed funds at September 30, 2015 and December 31, 2014 were comprised of advances from the Federal Home Loan Bank (“FHLB”) of Cincinnati and promissory notes. At September 30, 2015, FHLB Borrowings included $128 in capitalized lease obligations. FHLB Borrowings Promissory Notes Totals September 30, 2015 $ 20,366 $ 3,891 $ 24,257 December 31, 2014 $ 21,181 $ 3,791 $ 24,972 Pursuant to collateral agreements with the FHLB, advances were secured by $214,870 in qualifying mortgage loans, $77,317 in commercial loans and $5,081 in FHLB stock at September 30, 2015. Fixed-rate FHLB advances of $20,238 mature through 2042 and have interest rates ranging from 1.34% to 3.31% and a year-to-date weighted average cost of 2.08%. There were no variable-rate FHLB borrowings at September 30, 2015. At September 30, 2015, the Company had a cash management line of credit enabling it to borrow up to $75,000 from the FHLB. All cash management advances have an original maturity of 90 days. The line of credit must be renewed on an annual basis. There was $75,000 available on this line of credit at September 30, 2015. Based on the Company's current FHLB stock ownership, total assets and pledgeable loans, the Company had the ability to obtain borrowings from the FHLB up to a maximum of $180,708 at September 30, 2015. Of this maximum borrowing capacity, the Company had $118,670 available to use as additional borrowings, of which $75,000 could be used for short-term, cash management advances, as mentioned above. Promissory notes, issued primarily by Ohio Valley, have fixed rates of 1.15% to 1.50% and are due at various dates through a final maturity date of December 8, 2016. At September 30, 2015, there were no promissory notes payable by Ohio Valley to related parties. Letters of credit issued on the Bank's behalf by the FHLB to collateralize certain public unit deposits as required by law totaled $41,800 at September 30, 2015 and $29,500 at December 31, 2014. Scheduled principal payments as of September 30, 2015: FHLB Borrowings Promissory Notes Totals 2015 $ 448 $ 1,353 $ 1,801 2016 1,661 2,538 4,199 2017 4,601 ---- 4,601 2018 1,537 ---- 1,537 2019 1,467 ---- 1,467 Thereafter 10,652 ---- 10,652 $ 20,366 $ 3,891 $ 24,257 |
Note 7 - Segment Information
Note 7 - Segment Information | 9 Months Ended |
Sep. 30, 2015 | |
Segment Reporting [Abstract] | |
Segment Reporting Disclosure [Text Block] | NOTE 7 – SEGMENT INFORMATION The reportable segments are determined by the products and services offered, primarily distinguished between banking and consumer finance. They are also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products/services, and customers are similar. Loans, investments, and deposits provide the majority of the net revenues from the banking operation, while loans provide the majority of the net revenues for the consumer finance segment. All Company segments are domestic. Total revenues from the banking segment, which accounted for the majority of the Company's total revenues, totaled 90.2% and 90.2% of total consolidated revenues for the quarters ended September 30, 2015 and 2014, respectively. The accounting policies used for the Company's reportable segments are the same as those described in Note 1 - Summary of Significant Accounting Policies. Income taxes are allocated based on income before tax expense. Information for the Company’s reportable segments is as follows: Three Months Ended September 30, 2015 Banking Consumer Finance Total Company Net interest income $ 7,627 $ 658 $ 8,285 Provision expense 10 (21 ) (11 ) Noninterest income 1,522 62 1,584 Noninterest expense 7,106 621 7,727 Tax expense 471 40 511 Net income 1,562 80 1,642 Assets 795,458 13,008 808,466 Three Months Ended September 30, 2014 Banking Consumer Finance Total Company Net interest income $ 7,612 $ 596 $ 8,208 Provision expense (715 ) 33 (682 ) Noninterest income 2,044 62 2,106 Noninterest expense 6,684 560 7,244 Tax expense 989 21 1,010 Net income 2,698 44 2,742 Assets 764,171 13,006 777,177 Nine Months Ended September 30, 2015 Banking Consumer Finance Total Company Net interest income $ 22,690 $ 2,674 $ 25,364 Provision expense 685 25 710 Noninterest income 6,351 639 6,990 Noninterest expense 20,679 2,029 22,708 Tax expense 1,834 426 2,260 Net income 5,843 833 6,676 Assets 795,458 13,008 808,466 Nine Months Ended September 30, 2014 Banking Consumer Finance Total Company Net interest income $ 22,593 $ 2,584 $ 25,177 Provision expense 1,085 113 1,198 Noninterest income 7,332 804 8,136 Noninterest expense 19,657 1,879 21,536 Tax expense 2,457 472 2,929 Net income 6,726 924 7,650 Assets 764,171 13,006 777,177 |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | BASIS OF PRESENTATION : These interim financial statements are prepared by the Company without audit and reflect all adjustments of a normal recurring nature which, in the opinion of management, are necessary to present fairly the consolidated financial position of the Company at September 30, 2015, and its results of operations and cash flows for the periods presented. The results of operations for the nine months ended September 30, 2015 are not necessarily indicative of the operating results to be anticipated for the full fiscal year ending December 31, 2015. The accompanying consolidated financial statements do not purport to contain all the necessary financial disclosures required by accounting principles generally accepted in the United States of America that might otherwise be necessary in the circumstances. The Annual Report of the Company for the year ended December 31, 2014 contains consolidated financial statements and related notes which should be read in conjunction with the accompanying consolidated financial statements. As previously reported, the Internal Revenue Service proposed that Loan Central, as a tax return preparer, be assessed a penalty for allegedly negotiating or endorsing checks issued by the U.S. Treasury to taxpayers. The penalty would amount to approximately $1.2 million. Loan Central appealed this matter within the Internal Revenue Service. Loan Central was notified that the Appeals Office would not concede the penalty, and the penalty has been assessed. The Company will have to resolve the matter through the judicial system. Based on consultation with legal counsel, management remains confident that it is highly unlikely that the penalty recommendation will be sustained. Therefore, the Company did not recognize any interest and/or penalties related to this matter for the periods presented. The consolidated financial statements for 2014 have been reclassified to conform to the presentation for 2015. These reclassifications had no effect on the net results of operations or shareholders’ equity. |
Use of Estimates, Policy [Policy Text Block] | USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS: |
Segment Reporting, Policy [Policy Text Block] | INDUSTRY SEGMENT INFORMATION: |
Earnings Per Share, Policy [Policy Text Block] | EARNINGS PER SHARE : |
New Accounting Pronouncements, Policy [Policy Text Block] | NEW ACCOUNTING PRONOUNCEMENTS: In June 2014, the FASB issued ASU 2014-11 “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures”. The amendments in ASU 2014-11 change the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The amendments also require two new disclosures. The first disclosure requires an entity to disclose information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements. The second disclosure provides increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. 2014-11 is effective for reporting periods beginning after December 15, 2014. The effect of adopting ASU 2014-11 did not have a material effect on the Company’s financial statements. In June 2014, the FASB issued ASU 2014-12 “Compensation – Stock Compensation (Topic 718)”. ASU 2014-12 clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. Therefore, an entity would not record compensation expense (measured as of the grant date without taking into account the effect of the performance target) related to an award for which transfer to the employee is contingent on the entity’s satisfaction of a performance target until it becomes probable that the performance target will be met. No new disclosures are required under ASU 2014-12. The guidance is effective for reporting periods beginning after December 15, 2015. The effect of adopting ASU 2014-12 is not expected to have a material effect on the Company’s financial statements. |
Note 2 - Fair Value of Financ16
Note 2 - Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Fair Value Measurements at September 30, 2015 Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government sponsored entity securities ---- $ 8,998 ---- Agency mortgage-backed securities, residential ---- 78,893 ---- Fair Value Measurements at December 31, 2014, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government sponsored entity securities ---- $ 8,917 ---- Agency mortgage-backed securities, residential ---- 76,319 ---- Fair Value Measurements at September 30, 2015, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans: Residential real estate ---- ---- $ 829 Commercial real estate: Nonowner-occupied ---- ---- 2,548 Other real estate owned: Commercial real estate: Construction ---- ---- 1,147 Fair Value Measurements at December 31, 2014, Using 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 ---- ---- $ 1,679 Nonowner-occupied ---- ---- 5,270 Commercial and industrial ---- ---- 2,532 Other real estate owned: Commercial real estate: Construction ---- ---- 1,147 |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | September 30, 2015 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Impaired loans: Residential real estate $ 829 Sales approach Adjustment to comparables 7% to 40% 16% Commercial real estate: Nonowner-occupied 2,548 Sales approach Adjustment to comparables 0% to 12.5% 5.7% Other real estate owned: Commercial real estate: Construction 1,147 Sales approach Adjustment to comparables 5% to 35% 18% December 31, 2014 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Impaired loans: Commercial real estate: Owner-occupied $ 1,679 Sales approach Adjustment to comparables 0.3% to 62% 18% Income approach Capitalization Rate 10% 10% Nonowner-occupied 2,597 Income approach Capitalization Rate 6.5% 6.5% Nonowner-occupied 2,673 Sales approach Adjustment to comparables 0% to 12.5% 5.7% Commercial and industrial 2,532 Sales approach Adjustment to comparables 10% to 30% 21.42% Other real estate owned: Commercial real estate: Construction 1,147 Sales approach Adjustment to comparables 5% to 35% 18% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at September 30, 2015 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 64,160 $ 64,160 $ ---- $ ---- $ 64,160 Certificates of deposit in financial institutions 1,715 ---- 1,715 ---- 1,715 Securities available for sale 87,891 ---- 87,891 ---- 87,891 Securities held to maturity 21,433 ---- 11,172 10,938 22,110 Federal Home Loan Bank and Federal Reserve Bank stock 6,576 N/A N/A N/A N/A Loans, net 578,266 ---- ---- 589,434 589,434 Accrued interest receivable 1,896 ---- 351 1,545 1,896 Financial liabilities: Deposits 671,464 165,689 505,754 ---- 671,443 Other borrowed funds 24,257 ---- 23,751 ---- 23,751 Subordinated debentures 8,500 ---- 5,157 ---- 5,157 Accrued interest payable 491 3 488 ---- 491 Fair Value Measurements at December 31, 2014 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 30,977 $ 30,977 $ ---- $ ---- $ 30,977 Certificates of deposit in financial institutions 980 ---- 980 ---- 980 Securities available for sale 85,236 ---- 85,236 ---- 85,236 Securities held to maturity 22,820 ---- 12,144 11,426 23,570 Federal Home Loan Bank and Federal Reserve Bank stock 6,576 N/A N/A N/A N/A Loans, net 586,434 ---- ---- 591,594 591,594 Accrued interest receivable 1,806 ---- 230 1,576 1,806 Financial liabilities: Deposits 646,830 161,784 485,503 ---- 647,287 Other borrowed funds 24,972 ---- 24,555 ---- 24,555 Subordinated debentures 8,500 ---- 4,979 ---- 4,979 Accrued interest payable 394 4 390 ---- 394 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Note 3 - Securities (Tables) [Line Items] | |
Available-for-sale Securities [Table Text Block] | Securities Available for Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value September 30, 2015 U.S. Government sponsored entity securities $ 9,013 $ 2 $ (17 ) $ 8,998 Agency mortgage-backed securities, residential 77,629 1,463 (199 ) 78,893 Total securities $ 86,642 $ 1,465 $ (216 ) $ 87,891 December 31, 2014 U.S. Government sponsored entity securities $ 9,019 $ 2 $ (104 ) $ 8,917 Agency mortgage-backed securities, residential 74,762 1,693 (136 ) 76,319 Total securities $ 83,781 $ 1,695 $ (240 ) $ 85,236 |
Held-to-maturity Securities [Table Text Block] | Securities Held to Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Estimated Fair Value September 30, 2015 Obligations of states and political subdivisions $ 21,426 $ 909 $ (232 ) $ 22,103 Agency mortgage-backed securities, residential 7 ---- ---- 7 Total securities $ 21,433 $ 909 $ (232 ) $ 22,110 December 31, 2014 Obligations of states and political subdivisions $ 22,811 $ 939 $ (189 ) $ 23,561 Agency mortgage-backed securities, residential 9 ---- ---- 9 Total securities $ 22,820 $ 939 $ (189 ) $ 23,570 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available for Sale Held to Maturity Debt Securities: Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due in one year or less $ 1,001 $ 1,003 $ 620 $ 631 Due in over one to five years 8,012 7,995 6,214 6,563 Due in over five to ten years ---- ---- 11,239 11,654 Due after ten years ---- ---- 3,353 3,255 Agency mortgage-backed securities, residential 77,629 78,893 7 7 Total debt securities $ 86,642 $ 87,891 $ 21,433 $ 22,110 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less Than 12 Months 12 Months or More Total September 30 , 201 5 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Government sponsored entity securities $ 3,996 $ (9 ) $ 3,999 $ (8 ) $ 7,995 $ (17 ) Agency mortgage-backed securities, residential 16,252 (158 ) 3,786 (41 ) 20,038 (199 ) Total available for sale $ 20,248 $ (167 ) $ 7,785 $ (49 ) $ 28,033 $ (216 ) Less Than 12 Months 12 Months or More Total December 31 , 201 4 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Government sponsored entity securities $ ---- $ ---- $ 7,911 $ (104 ) $ 7,911 $ (104 ) Agency mortgage-backed securities, residential 11,232 (20 ) 8,397 (116 ) 19,629 (136 ) Total available for sale $ 11,232 $ (20 ) $ 16,308 $ (220 ) $ 27,540 $ (240 ) |
Held-to-maturity Securities [Member] | |
Note 3 - Securities (Tables) [Line Items] | |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less Than 12 Months 12 Months or More Total Fair Value Unrecognized Loss Fair Value Unrecognized Loss Fair Value Unrecognized Loss Securities Held to Maturity Obligations of states and political subdivisions $ 1,011 $ (87 ) $ 1,511 $ (145 ) $ 2,522 $ (232 ) Total held to maturity $ 1,011 $ (87 ) $ 1,511 $ (145 ) $ 2,522 $ (232 ) Less Than 12 Months 12 Months or More Total Fair Value Unrecognized Loss Fair Value Unrecognized Loss Fair Value Unrecognized Loss Securities Held to Maturity Obligations of states and political subdivisions $ 1,171 $ (9 ) $ 2,916 $ (180 ) $ 4,087 $ (189 ) Total held to maturity $ 1,171 $ (9 ) $ 2,919 $ (180 ) $ 4,087 $ (189 ) |
Note 4 - Loans and Allowance 18
Note 4 - Loans and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Loans are comprised of the following: September 30, December 31, 2015 2014 Residential real estate $ 224,492 $ 223,628 Commercial real estate: Owner-occupied 73,961 78,848 Nonowner-occupied 67,909 71,229 Construction 24,670 27,535 Commercial and industrial 84,402 83,998 Consumer: Automobile 44,473 42,849 Home equity 20,501 18,291 Other 44,760 48,390 585,168 594,768 Less: Allowance for loan losses 6,902 8,334 Loans, net $ 578,266 $ 586,434 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | September 30, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,230 $ 2,795 $ 2,287 $ 1,132 $ 7,444 Provision for loan losses (166 ) (214 ) 205 164 (11 ) Loans charged off (40 ) (596 ) ---- (309 ) (945 ) Recoveries 219 15 11 169 414 Total ending allowance balance $ 1,243 $ 2,000 $ 2,503 $ 1,156 $ 6,902 September 30, 2014 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,878 $ 3,276 $ 1,625 $ 1,149 $ 7,928 Provision for loan losses (240 ) (551 ) (90 ) 199 (682 ) Loans charged off (157 ) (78 ) (37 ) (363 ) (635 ) Recoveries 99 3 114 137 353 Total ending allowance balance $ 1,580 $ 2,650 $ 1,612 $ 1,122 $ 6,964 September 30, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,426 $ 4,195 $ 1,602 $ 1,111 $ 8,334 Provision for loan losses (256 ) (272 ) 697 541 710 Loans charged off (263 ) (1,970 ) (24 ) (1,016 ) (3,273 ) Recoveries 336 47 228 520 1,131 Total ending allowance balance $ 1,243 $ 2,000 $ 2,503 $ 1,156 $ 6,902 September 30, 2014 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,169 $ 2,914 $ 1,279 $ 793 $ 6,155 Provision for loan losses 513 (111 ) 92 704 1,198 Loans charged off (350 ) (235 ) (41 ) (815 ) (1,441 ) Recoveries 248 82 282 440 1,052 Total ending allowance balance $ 1,580 $ 2,650 $ 1,612 $ 1,122 $ 6,964 |
Allowance for Loan Losses and the Recorded Investment of Loans [Table Text Block] | September 30, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 66 $ 313 $ 1,711 $ 3 $ 2,093 Collectively evaluated for impairment 1,177 1,687 792 1,153 4,809 Total ending allowance balance $ 1,243 $ 2,000 $ 2,503 $ 1,156 $ 6,902 Loans: Loans individually evaluated for impairment $ 1,898 $ 7,496 $ 7,267 $ 218 $ 16,879 Loans collectively evaluated for impairment 222,594 159,044 77,135 109,516 568,289 Total ending loans balance $ 224,492 $ 166,540 $ 84,402 $ 109,734 $ 585,168 December 31, 2014 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ ---- $ 2,506 $ 900 $ 6 $ 3,412 Collectively evaluated for impairment 1,426 1,689 702 1,105 4,922 Total ending allowance balance $ 1,426 $ 4,195 $ 1,602 $ 1,111 $ 8,334 Loans: Loans individually evaluated for impairment $ 1,415 $ 11,711 $ 6,824 $ 219 $ 20,169 Loans collectively evaluated for impairment 222,213 165,901 77,174 109,311 574,599 Total ending loans balance $ 223,628 $ 177,612 $ 83,998 $ 109,530 $ 594,768 |
Schedule of Loans Individually Evaluated for Impairment [Table Text Block] | September 30, 2015 Unpaid Recorded Investment Allowance for With an allowance recorded: Residential real estate $ 895 $ 895 $ 66 Commercial real estate: Owner-occupied 204 204 204 Nonowner-occupied 399 399 109 Commercial and industrial 3,460 3,460 1,711 Consumer: Home equity 218 218 3 With no related allowance recorded: Residential real estate 1,003 1,003 ---- Commercial real estate: Owner-occupied 3,911 3,364 ---- Nonowner-occupied 5,258 2,849 ---- Construction 680 680 ---- Commercial and industrial 3,807 3,807 ---- Total $ 19,835 $ 16,879 $ 2,093 December 31, 2014 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Commercial real estate: Owner-occupied $ 1,177 $ 1,177 $ 414 Nonowner-occupied 7,656 7,656 2,092 Commercial and industrial 2,356 2,356 900 Consumer: Home equity 219 219 6 With no related allowance recorded: Residential real estate 1,415 1,415 ---- Commercial real estate: Owner-occupied 3,125 2,578 ---- Nonowner-occupied 1,298 300 ---- Commercial and industrial 4,703 4,468 ---- Total $ 21,949 $ 20,169 $ 3,412 Three months ended September 30, 2015 Nine months ended September 30, 2015 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Residential real estate $ 895 $ ---- $ ---- $ 895 $ ---- $ ---- Commercial real estate: Owner-occupied 204 11 11 204 11 11 Nonowner-occupied 401 5 5 404 70 70 Commercial and industrial 3,589 52 52 3,343 117 117 Consumer: Home equity 218 2 2 219 6 6 With no related allowance recorded: Residential real estate 1,005 11 11 761 36 36 Commercial real estate: Owner-occupied 2,873 74 74 2,617 135 135 Nonowner-occupied 2,910 12 12 3,605 37 37 Construction 680 ---- ---- 510 ---- ---- Commercial and industrial 3,800 26 26 3,897 133 133 Total $ 16,575 $ 193 $ 193 $ 16,455 $ 545 $ 545 Three months ended September 30, 2014 Nine months ended September 30, 2014 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Residential real estate $ 552 $ 17 $ 17 $ 487 $ 25 $ 25 Commercial real estate: Owner-occupied 145 ---- ---- 73 ---- ---- Nonowner-occupied 3,422 41 41 3,439 94 94 Commercial and industrial 3,259 39 39 1,629 107 107 Consumer: Home equity 109 8 8 54 8 8 With no related allowance recorded: Residential real estate 611 12 12 544 25 25 Commercial real estate: Owner-occupied 1,479 9 9 6,513 31 31 Nonowner-occupied 5,974 81 81 6,513 267 267 Consumer: Home equity ---- ---- ---- ---- 3 3 Total $ 15,551 $ 207 $ 207 $ 14,130 $ 560 $ 560 |
Schedule of Recorded Investment in Nonaccrual Loans [Table Text Block] | September 30, 2015 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 169 $ 3,298 Commercial real estate: Owner-occupied ---- 233 Nonowner-occupied ---- 2,549 Construction ---- 769 Commercial and industrial ---- 1,050 Consumer: Automobile 117 7 Home equity ---- 111 Other 34 2 Total $ 320 $ 8,019 December 31, 2014 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ ---- $ 3,768 Commercial real estate: Owner-occupied ---- 1,484 Nonowner-occupied ---- 4,013 Commercial and industrial ---- 95 Consumer: Automobile 15 18 Home equity ---- 103 Other 58 68 Total $ 73 $ 9,549 |
Past Due Financing Receivables [Table Text Block] | September 30, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Loans Not Past Due Total Residential real estate $ 2,648 $ 483 $ 3,184 $ 6,315 $ 218,177 $ 224,492 Commercial real estate: Owner-occupied 283 145 233 661 73,300 73,961 Nonowner-occupied 378 232 2,549 3,159 64,750 67,909 Construction 58 ---- 769 827 23,843 24,670 Commercial and industrial 289 89 980 1,358 83,044 84,402 Consumer: Automobile 613 100 117 830 43,643 44,473 Home equity ---- ---- 90 90 20,411 20,501 Other 400 98 34 532 44,228 44,760 Total $ 4,669 $ 1,147 $ 7,956 $ 13,772 $ 571,396 $ 585,168 December 31, 2014 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Loans Not Past Due Total Residential real estate $ 3,337 $ 612 $ 3,489 $ 7,438 $ 216,190 $ 223,628 Commercial real estate: Owner-occupied 74 62 1,422 1,558 77,290 78,848 Nonowner-occupied ---- ---- ---- ---- 71,229 71,229 Construction 932 ---- ---- 932 26,603 27,535 Commercial and industrial ---- 10 24 34 83,964 83,998 Consumer: Automobile 616 149 33 798 42,051 42,849 Home equity ---- ---- 103 103 18,188 18,291 Other 655 20 126 801 47,589 48,390 Total $ 5,614 $ 853 $ 5,197 $ 11,664 $ 583,104 $ 594,768 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s September 30, 2015 Residential real estate Interest only payments $ 1,003 $ ---- $ 1,003 Commercial real estate: Owner-occupied Interest only payments 498 ---- 498 Rate reduction ---- 233 233 Reduction of principal and interest payments 610 ---- 610 Maturity extension at lower stated rate than market rate 2,023 ---- 2,023 Credit extension at lower stated rate than market rate 204 ---- 204 Nonowner-occupied Interest only payments 300 2,549 2,849 Rate reduction 399 ---- 399 Commercial and industrial Interest only payments 6,381 ---- 6,381 Credit extension at lower stated rate than market rate ---- 392 392 Consumer: Home equity Maturity extension at lower stated rate than market rate 218 ---- 218 Total TDR’s $ 11,636 $ 3,174 $ 14,810 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s December 31, 2014 Residential real estate Interest only payments $ 520 $ ---- $ 520 Commercial real estate: Owner-occupied Interest only payments 457 ---- 457 Rate reduction ---- 244 244 Reduction of principal and interest payments 627 ---- 627 Maturity extension at lower stated rate than market rate 1,046 ---- 1,046 Credit extension at lower stated rate than market rate 204 ---- 204 Nonowner-occupied Interest only payments 3,535 4,013 7,548 Rate reduction 408 ---- 408 Commercial and industrial Interest only payments 6,429 ---- 6,429 Credit extension at lower stated rate than market rate 395 ---- 395 Consumer: Home equity Maturity extension at lower stated rate than market rate 219 ---- 219 Total TDR’s $ 13,840 $ 4,257 $ 18,097 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Nine months ended September 30, 2015 Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Residential real estate: Interest only payments $ 495 $ 495 $ ---- $ ---- Commercial real estate: Owner-occupied Maturity extension at lower stated rate than market rate 1,025 1,025 ---- ---- Total TDR’s $ 1,520 $ 1,520 $ ---- $ ---- TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Nine months ended September 30, 2014 Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Commercial real estate: Owner-occupied Maturity extension at lower stated rate than market rate $ 762 $ 762 $ ---- $ ---- Commercial and industrial Interest only payments 2,908 2,908 ---- ---- Credit extension at lower stated rate than market rate 395 395 ---- ---- Total TDR’s $ 4,065 $ 4,065 $ ---- $ ---- |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30, 2015 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 62,542 $ 7,580 $ 3,839 $ 73,961 Nonowner-occupied 57,196 6,498 4,215 67,909 Construction 23,742 ---- 928 24,670 Commercial and industrial 72,878 6,209 5,315 84,402 Total $ 216,358 $ 20,287 $ 14,297 $ 250,942 December 31, 2014 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 72,232 $ 2,102 $ 4,514 $ 78,848 Nonowner-occupied 60,491 2,127 8,611 71,229 Construction 27,364 ---- 171 27,535 Commercial and industrial 76,395 495 7,108 83,998 Total $ 236,482 $ 4,724 $ 20,404 $ 261,610 |
Performing and Nonperforming Loans [Table Text Block] | September 30, 2015 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 44,349 $ 20,390 $ 44,724 $ 221,025 $ 330,488 Nonperforming 124 111 36 3,467 3,738 Total $ 44,473 $ 20,501 $ 44,760 $ 224,492 $ 334,226 December 31, 2014 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 42,816 $ 18,188 $ 48,264 $ 219,860 $ 329,128 Nonperforming 33 103 126 3,768 4,030 Total $ 42,849 $ 18,291 $ 48,390 $ 223,628 $ 333,158 |
Note 6 - Other Borrowed Funds (
Note 6 - Other Borrowed Funds (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | FHLB Borrowings Promissory Notes Totals September 30, 2015 $ 20,366 $ 3,891 $ 24,257 December 31, 2014 $ 21,181 $ 3,791 $ 24,972 |
Schedule of Maturities of Long-term Debt [Table Text Block] | FHLB Borrowings Promissory Notes Totals 2015 $ 448 $ 1,353 $ 1,801 2016 1,661 2,538 4,199 2017 4,601 ---- 4,601 2018 1,537 ---- 1,537 2019 1,467 ---- 1,467 Thereafter 10,652 ---- 10,652 $ 20,366 $ 3,891 $ 24,257 |
Note 7 - Segment Information (T
Note 7 - Segment Information (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended September 30, 2015 Banking Consumer Finance Total Company Net interest income $ 7,627 $ 658 $ 8,285 Provision expense 10 (21 ) (11 ) Noninterest income 1,522 62 1,584 Noninterest expense 7,106 621 7,727 Tax expense 471 40 511 Net income 1,562 80 1,642 Assets 795,458 13,008 808,466 Three Months Ended September 30, 2014 Banking Consumer Finance Total Company Net interest income $ 7,612 $ 596 $ 8,208 Provision expense (715 ) 33 (682 ) Noninterest income 2,044 62 2,106 Noninterest expense 6,684 560 7,244 Tax expense 989 21 1,010 Net income 2,698 44 2,742 Assets 764,171 13,006 777,177 Nine Months Ended September 30, 2015 Banking Consumer Finance Total Company Net interest income $ 22,690 $ 2,674 $ 25,364 Provision expense 685 25 710 Noninterest income 6,351 639 6,990 Noninterest expense 20,679 2,029 22,708 Tax expense 1,834 426 2,260 Net income 5,843 833 6,676 Assets 795,458 13,008 808,466 Nine Months Ended September 30, 2014 Banking Consumer Finance Total Company Net interest income $ 22,593 $ 2,584 $ 25,177 Provision expense 1,085 113 1,198 Noninterest income 7,332 804 8,136 Noninterest expense 19,657 1,879 21,536 Tax expense 2,457 472 2,929 Net income 6,726 924 7,650 Assets 764,171 13,006 777,177 |
Note 1 - Summary of Significa21
Note 1 - Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Accounting Policies [Abstract] | ||||
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit (in Dollars) | $ 1.2 | $ 1.2 | ||
Weighted Average Number of Shares Outstanding, Basic | 4,117,675 | 4,098,753 | 4,117,675 | 4,098,753 |
Note 2 - Fair Value of Financ22
Note 2 - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Note 2 - Fair Value of Financial Instruments (Details) [Line Items] | |||||
Selling Costs, Percentage | 10.00% | ||||
Impaired Financing Receivable, Related Allowance | $ 2,093 | $ 2,093 | $ 3,412 | ||
Other Real Estate | 1,147 | 1,147 | 1,147 | ||
Other Real Estate, Gross | 2,217 | ||||
Real Estate Owned, Valuation Allowance | 1,070 | ||||
SEC Schedule III, Real Estate, Write-down or Reserve, Amount | 0 | $ 0 | 0 | $ 0 | |
Collateral Dependent Loans [Member] | |||||
Note 2 - Fair Value of Financial Instruments (Details) [Line Items] | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 3,443 | 3,443 | 12,773 | ||
Impaired Financing Receivable, Related Allowance | 66 | 66 | $ 3,292 | ||
Provision Reversal For Loan Losses | $ 107 | $ 533 | 94 | 680 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 1,782 | $ 157 |
Note 2 - Fair Value of Financ23
Note 2 - Fair Value of Financial Instruments (Details) - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | ||
Assets: | ||
Assets measured on a nonrecurring basis | $ 829 | |
Fair Value, Inputs, Level 2 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Assets: | ||
Assets measured on a recurring basis | 8,998 | $ 8,917 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Assets: | ||
Assets measured on a recurring basis | 78,893 | 76,319 |
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | ||
Assets: | ||
Assets measured on a nonrecurring basis | 829 | |
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Assets: | ||
Assets measured on a nonrecurring basis | 2,548 | 5,270 |
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Other Real Estate Owned [Member] | ||
Assets: | ||
Assets measured on a nonrecurring basis | $ 1,147 | 1,147 |
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Impaired Loans [Member] | ||
Assets: | ||
Assets measured on a nonrecurring basis | 1,679 | |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Impaired Loans [Member] | ||
Assets: | ||
Assets measured on a nonrecurring basis | $ 2,532 |
Note 2 - Fair Value of Financ24
Note 2 - Fair Value of Financial Instruments (Details) - Level 3 Fair Value Measurements - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Dec. 31, 2014 | |
Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value (in Dollars) | $ 829 | |
Valuation technique | Sales approach | |
Fair value (in Dollars) | $ 829 | |
Valuation technique | Sales approach | |
Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value (in Dollars) | $ 2,548 | $ 2,597 |
Valuation technique | Sales approach | Income approach |
Fair value (in Dollars) | $ 2,548 | $ 2,597 |
Valuation technique | Sales approach | Income approach |
Capitalization rate | 6.50% | |
Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Commercial Real Estate Owner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Valuation technique | Income approach | |
Valuation technique | Income approach | |
Capitalization rate | 10.00% | |
Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value (in Dollars) | $ 2,673 | |
Valuation technique | Sales approach | |
Fair value (in Dollars) | $ 2,673 | |
Valuation technique | Sales approach | |
Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Construction Loans [Member] | Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value (in Dollars) | $ 1,147 | $ 1,147 |
Valuation technique | Sales approach | Sales approach |
Fair value (in Dollars) | $ 1,147 | $ 1,147 |
Valuation technique | Sales approach | Sales approach |
Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Real Estate Owner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value (in Dollars) | $ 1,679 | |
Valuation technique | Sales approach | |
Fair value (in Dollars) | $ 1,679 | |
Valuation technique | Sales approach | |
Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value (in Dollars) | $ 2,532 | |
Valuation technique | Sales approach | |
Fair value (in Dollars) | $ 2,532 | |
Valuation technique | Sales approach | |
Minimum [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 7.00% | |
Minimum [Member] | Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Capitalization rate | 0.00% | |
Minimum [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 0.00% | |
Minimum [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Construction Loans [Member] | Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 5.00% | 5.00% |
Minimum [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Real Estate Owner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 0.30% | |
Minimum [Member] | Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 10.00% | |
Maximum [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 40.00% | |
Maximum [Member] | Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Capitalization rate | 12.50% | |
Maximum [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 12.50% | |
Maximum [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Construction Loans [Member] | Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 35.00% | 35.00% |
Maximum [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Real Estate Owner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 62.00% | |
Maximum [Member] | Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 30.00% | |
Weighted Average [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 16.00% | |
Weighted Average [Member] | Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Capitalization rate | 5.70% | 6.50% |
Weighted Average [Member] | Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Commercial Real Estate Owner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Capitalization rate | 10.00% | |
Weighted Average [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Real Estate Nonowner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 5.70% | |
Weighted Average [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Construction Loans [Member] | Other Real Estate Owned [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 18.00% | 18.00% |
Weighted Average [Member] | Commercial Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Real Estate Owner Occupied [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 18.00% | |
Weighted Average [Member] | Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Adjustment to comparables | 21.42% |
Note 2 - Fair Value of Financ25
Note 2 - Fair Value of Financial Instruments (Details) - Fair Value Measurements - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
Financial Assets: | ||||
Cash and cash equivalents, carrying value | $ 64,160 | $ 30,977 | $ 39,676 | $ 28,344 |
Certificates of deposits in financial institutions, carrying value | 1,715 | 980 | ||
Certificates of deposits in financial institutions, fair value | 1,715 | 980 | ||
Securities available for sale, carrying value | 87,891 | 85,236 | ||
Securities available for sale, fair value | 87,891 | 85,236 | ||
Securities held to maturity, carrying value | 21,433 | 22,820 | ||
Securities held to maturity, fair value | 22,110 | 23,570 | ||
Federal Home Loan Bank and Federal Reserve Bank stock, carrying value | 6,576 | 6,576 | ||
Loans, net, carrying value | 578,266 | 586,434 | ||
Accrued interest receivable, carrying value | 1,896 | 1,806 | ||
Financial liabilities: | ||||
Deposits, carrying value | 671,464 | 646,830 | ||
Other borrowed funds, carrying value | 24,257 | 24,972 | ||
Subordinated debentures, carrying value | 8,500 | 8,500 | ||
Accrued interest payable, carrying value | 491 | 394 | ||
Estimate of Fair Value Measurement [Member] | ||||
Financial Assets: | ||||
Cash and cash equivalents, fair value | 64,160 | 30,977 | ||
Certificates of deposits in financial institutions, carrying value | 1,715 | 980 | ||
Certificates of deposits in financial institutions, fair value | 1,715 | 980 | ||
Securities available for sale, carrying value | 87,891 | 85,236 | ||
Securities available for sale, fair value | 87,891 | 85,236 | ||
Securities held to maturity, fair value | $ 22,110 | $ 23,570 | ||
Federal Home Loan Bank and Federal Reserve Bank stock, fair value | ||||
Loans, net, fair value | $ 589,434 | $ 591,594 | ||
Accrued interest receivable, fair value | 1,896 | 1,806 | ||
Financial liabilities: | ||||
Deposits, fair value | 671,443 | 647,287 | ||
Other borrowed funds, fair value | 23,751 | 24,555 | ||
Subordinated debentures, fair value | 5,157 | 4,979 | ||
Accrued interest payable, fair value | 491 | 394 | ||
Fair Value, Inputs, Level 1 [Member] | ||||
Financial Assets: | ||||
Cash and cash equivalents, fair value | $ 64,160 | $ 30,977 | ||
Federal Home Loan Bank and Federal Reserve Bank stock, fair value | ||||
Financial liabilities: | ||||
Deposits, fair value | $ 165,689 | $ 161,784 | ||
Accrued interest payable, fair value | 3 | 4 | ||
Fair Value, Inputs, Level 2 [Member] | ||||
Financial Assets: | ||||
Certificates of deposits in financial institutions, carrying value | 1,715 | 980 | ||
Certificates of deposits in financial institutions, fair value | 1,715 | 980 | ||
Securities available for sale, carrying value | 87,891 | 85,236 | ||
Securities available for sale, fair value | 87,891 | 85,236 | ||
Securities held to maturity, fair value | $ 11,172 | $ 12,144 | ||
Federal Home Loan Bank and Federal Reserve Bank stock, fair value | ||||
Accrued interest receivable, fair value | $ 351 | $ 230 | ||
Financial liabilities: | ||||
Deposits, fair value | 505,754 | 485,503 | ||
Other borrowed funds, fair value | 23,751 | 24,555 | ||
Subordinated debentures, fair value | 5,157 | 4,979 | ||
Accrued interest payable, fair value | 488 | 390 | ||
Fair Value, Inputs, Level 3 [Member] | ||||
Financial Assets: | ||||
Securities held to maturity, fair value | $ 10,938 | $ 11,426 | ||
Federal Home Loan Bank and Federal Reserve Bank stock, fair value | ||||
Loans, net, fair value | $ 589,434 | $ 591,594 | ||
Accrued interest receivable, fair value | $ 1,545 | $ 1,576 |
Note 3 - Securities (Details)
Note 3 - Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Investments, Debt and Equity Securities [Abstract] | |||||
Proceeds from Sale of Available-for-sale Securities | $ 0 | $ 10,550 | $ 0 | ||
Available-for-sale Securities, Gross Realized Gains | $ 28 | 163 | |||
Other than Temporary Impairment Losses, Investments | $ 0 | $ 0 |
Note 3 - Securities (Details) -
Note 3 - Securities (Details) - Securities Available-for-Sale - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 86,642 | $ 83,781 |
Gross Unrealized Gains | 1,465 | 1,695 |
Gross Unrealized Losses | (216) | (240) |
Estimated Fair Value | 87,891 | 85,236 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 9,013 | 9,019 |
Gross Unrealized Gains | 2 | 2 |
Gross Unrealized Losses | (17) | (104) |
Estimated Fair Value | 8,998 | 8,917 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 77,629 | 74,762 |
Gross Unrealized Gains | 1,463 | 1,693 |
Gross Unrealized Losses | (199) | (136) |
Estimated Fair Value | $ 78,893 | $ 76,319 |
Note 3 - Securities (Details)28
Note 3 - Securities (Details) - Securities Held-to-Maturity - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | $ 21,433 | $ 22,820 |
Gross Unrecognized Gains | 909 | 939 |
Gross Unrecognized Losses | (232) | (189) |
Estimated Fair Value | 22,110 | 23,570 |
US States and Political Subdivisions Debt Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 21,426 | 22,811 |
Gross Unrecognized Gains | 909 | 939 |
Gross Unrecognized Losses | (232) | (189) |
Estimated Fair Value | 22,103 | 23,561 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 7 | 9 |
Estimated Fair Value | $ 7 | $ 9 |
Note 3 - Securities (Details)29
Note 3 - Securities (Details) - Securities by Contractual Maturity - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Securities by Contractual Maturity [Abstract] | ||
Due in one year or less | $ 1,001 | |
Due in one year or less | 1,003 | |
Due in one year or less | 620 | |
Due in one year or less | 631 | |
Due in over one to five years | 6,214 | |
Due in over one to five years | 6,563 | |
Due in over one to five years | 8,012 | |
Due in over one to five years | 7,995 | |
Due in over five to ten years | 11,239 | |
Due in over five to ten years | 11,654 | |
Due after ten years | 3,353 | |
Due after ten years | 3,255 | |
Agency mortgage-backed securities, residential | 77,629 | |
Agency mortgage-backed securities, residential | 78,893 | |
Agency mortgage-backed securities, residential | 7 | |
Agency mortgage-backed securities, residential | 7 | |
Total debt securities | 86,642 | |
Total debt securities | 87,891 | |
Total debt securities | 21,433 | $ 22,820 |
Total debt securities | $ 22,110 | $ 23,570 |
Note 3 - Securities (Details)30
Note 3 - Securities (Details) - Securities Available-for-Sale with Unrealized Losses - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Securities Available for Sale | ||
Less than 12 Months - Fair Value | $ 20,248 | $ 11,232 |
Less than 12 Months - Unrealized Loss | (167) | (20) |
Fair Value | 28,033 | 27,540 |
Unrealized Loss | (216) | (240) |
12 Months or More - Fair Value | 7,785 | 16,308 |
12 Months or More - Unrealized Loss | (49) | (220) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities Available for Sale | ||
Less than 12 Months - Fair Value | 3,996 | |
Less than 12 Months - Unrealized Loss | (9) | |
Fair Value | 7,995 | 7,911 |
Unrealized Loss | (17) | (104) |
12 Months or More - Fair Value | 3,999 | 7,911 |
12 Months or More - Unrealized Loss | (8) | (104) |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Securities Available for Sale | ||
Less than 12 Months - Fair Value | 16,252 | 11,232 |
Less than 12 Months - Unrealized Loss | (158) | (20) |
Fair Value | 20,038 | 19,629 |
Unrealized Loss | (199) | (136) |
12 Months or More - Fair Value | 3,786 | 8,397 |
12 Months or More - Unrealized Loss | $ (41) | $ (116) |
Note 3 - Securities (Details)31
Note 3 - Securities (Details) - Securities Held to Maturity with Unrealized Losses - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Securities Held to Maturity | ||
Less Than 12 Months - Fair Value | $ 1,011 | $ 1,171 |
Less Than 12 Months - Unrecognized Loss | (87) | (9) |
12 Months or More - Fair Value | 1,511 | 2,919 |
12 Months or More - Unrecognized Loss | (145) | (180) |
Fair Value | 2,522 | 4,087 |
Unrecognized Loss | (232) | (189) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities Held to Maturity | ||
Less Than 12 Months - Fair Value | 1,011 | 1,171 |
Less Than 12 Months - Unrecognized Loss | (87) | (9) |
12 Months or More - Fair Value | 1,511 | 2,916 |
12 Months or More - Unrecognized Loss | (145) | (180) |
Fair Value | 2,522 | 4,087 |
Unrecognized Loss | $ (232) | $ (189) |
Note 4 - Loans and Allowance 32
Note 4 - Loans and Allowance for Loan Losses (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2015USD ($) | Dec. 31, 2014USD ($) | Sep. 30, 2015USD ($) | Sep. 30, 2014USD ($) | Dec. 31, 2014USD ($) | |
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | $ 44,000 | $ (687,000) | |||
Allowance for Loan and Lease Losses, Write-offs | 1,422 | $ 0 | |||
Financing Receivable, Modifications, Recorded Investment | $ 14,810,000 | $ 18,097,000 | 14,810,000 | $ 18,097,000 | |
Impaired Financing Receivable, Related Allowance | 2,093,000 | 3,412,000 | 2,093,000 | 3,412,000 | |
Loans and Leases Receivable, Impaired, Commitment to Lend | 1,919,000 | 1,871,000 | $ 1,919,000 | 1,871,000 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |||
Minimum Loan Balance for Loans Evaluated by Risk Categories | 500,000 | $ 500,000 | |||
Nonperforming Financial Instruments [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Financing Receivable, Modifications, Recorded Investment | $ 3,174,000 | $ 4,257,000 | 3,174,000 | 4,257,000 | |
Specific Reserves [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Allowance for Loan and Lease Losses, Write-offs | 1,304,000 | ||||
Troubled Debt Restructurings [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | 623,000 | ||||
Allowance for Loan and Lease Losses, Write-offs | $ 0 | ||||
Increase (Decrease) in Other Loans | $ (3,287,000) | ||||
Change in Troubled Debt Restructurings | 18.20% | ||||
Percentage of Loan Portfolio | 79.00% | 77.00% | 79.00% | 77.00% | |
Impaired Financing Receivable, Related Allowance | $ 1,532,000 | $ 2,998,000 | $ 1,532,000 | $ 2,998,000 | |
Unsecured [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Percentage of Loan Portfolio | 6.04% | 5.66% | 6.04% | 5.66% | |
Residential Portfolio Segment [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Real Estate Acquired Through Foreclosure | $ 383,000 | $ 368,000 | $ 383,000 | $ 368,000 | |
Mortgage Loans in Process of Foreclosure, Amount | 1,920,000 | $ 1,692,000 | 1,920,000 | 1,692,000 | |
Impaired Financing Receivable, Related Allowance | 66,000 | $ 66,000 | |||
Commercial Real Estate Portfolio Segment [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Proceeds from Loans | 3,156,000 | ||||
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 1,025,000 | ||||
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Financing Receivable, Modifications, Number of Contracts | 1 | ||||
Financing Receivable, Modifications, Recorded Investment | $ 4,013,000 | 4,013,000 | |||
Commercial Real Estate Portfolio Segment [Member] | Additional Impairment [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Impaired Financing Receivable, Related Allowance | $ 1,340,000 | $ 1,340,000 |
Note 4 - Loans and Allowance 33
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | $ 585,168 | $ 594,768 |
Less: Allowance for loan losses | 6,902 | 8,334 |
Loans, net | 578,266 | 586,434 |
Residential Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 224,492 | 223,628 |
Commercial Real Estate Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 166,540 | 177,612 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 73,961 | 78,848 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 67,909 | 71,229 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 24,670 | 27,535 |
Commercial Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 84,402 | 83,998 |
Consumer Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 109,734 | 109,530 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 44,473 | 42,849 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 20,501 | 18,291 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | $ 44,760 | $ 48,390 |
Note 4 - Loans and Allowance 34
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses Activity by Portfolio Segment - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Allowance for loan losses: | ||||
Beginning balance | $ 7,444 | $ 7,928 | $ 8,334 | $ 6,155 |
Provision for loan losses | (11) | (682) | 710 | 1,198 |
Loans charged off | (945) | (635) | (3,273) | (1,441) |
Recoveries | 414 | 353 | 1,131 | 1,052 |
Total ending allowance balance | 6,902 | 6,964 | 6,902 | 6,964 |
Residential Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 1,230 | 1,878 | 1,426 | 1,169 |
Provision for loan losses | (166) | (240) | (256) | 513 |
Loans charged off | (40) | (157) | (263) | (350) |
Recoveries | 219 | 99 | 336 | 248 |
Total ending allowance balance | 1,243 | 1,580 | 1,243 | 1,580 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 2,795 | 3,276 | 4,195 | 2,914 |
Provision for loan losses | (214) | (551) | (272) | (111) |
Loans charged off | (596) | (78) | (1,970) | (235) |
Recoveries | 15 | 3 | 47 | 82 |
Total ending allowance balance | 2,000 | 2,650 | 2,000 | 2,650 |
Commercial Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 2,287 | 1,625 | 1,602 | 1,279 |
Provision for loan losses | 205 | (90) | 697 | 92 |
Loans charged off | (37) | (24) | (41) | |
Recoveries | 11 | 114 | 228 | 282 |
Total ending allowance balance | 2,503 | 1,612 | 2,503 | 1,612 |
Consumer Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 1,132 | 1,149 | 1,111 | 793 |
Provision for loan losses | 164 | 199 | 541 | 704 |
Loans charged off | (309) | (363) | (1,016) | (815) |
Recoveries | 169 | 137 | 520 | 440 |
Total ending allowance balance | $ 1,156 | $ 1,122 | $ 1,156 | $ 1,122 |
Note 4 - Loans and Allowance 35
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses and the Recorded Investment of Loans Based On Impairment Method - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | $ 2,093 | $ 3,412 | ||||
Collectively evaluated for impairment | 4,809 | 4,922 | ||||
Total ending allowance balance | 6,902 | $ 7,444 | 8,334 | $ 6,964 | $ 7,928 | $ 6,155 |
Loans: | ||||||
Loans individually evaluated for impairment | 16,879 | 20,169 | ||||
Loans collectively evaluated for impairment | 568,289 | 574,599 | ||||
Total ending loans balance | 585,168 | 594,768 | ||||
Residential Portfolio Segment [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 66 | |||||
Collectively evaluated for impairment | 1,177 | 1,426 | ||||
Total ending allowance balance | 1,243 | 1,230 | 1,426 | 1,580 | 1,878 | 1,169 |
Loans: | ||||||
Loans individually evaluated for impairment | 1,898 | 1,415 | ||||
Loans collectively evaluated for impairment | 222,594 | 222,213 | ||||
Total ending loans balance | 224,492 | 223,628 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 313 | 2,506 | ||||
Collectively evaluated for impairment | 1,687 | 1,689 | ||||
Total ending allowance balance | 2,000 | 2,795 | 4,195 | 2,650 | 3,276 | 2,914 |
Loans: | ||||||
Loans individually evaluated for impairment | 7,496 | 11,711 | ||||
Loans collectively evaluated for impairment | 159,044 | 165,901 | ||||
Total ending loans balance | 166,540 | 177,612 | ||||
Commercial Portfolio Segment [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 1,711 | 900 | ||||
Collectively evaluated for impairment | 792 | 702 | ||||
Total ending allowance balance | 2,503 | 2,287 | 1,602 | 1,612 | 1,625 | 1,279 |
Loans: | ||||||
Loans individually evaluated for impairment | 7,267 | 6,824 | ||||
Loans collectively evaluated for impairment | 77,135 | 77,174 | ||||
Total ending loans balance | 84,402 | 83,998 | ||||
Consumer Portfolio Segment [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 3 | 6 | ||||
Collectively evaluated for impairment | 1,153 | 1,105 | ||||
Total ending allowance balance | 1,156 | $ 1,132 | 1,111 | $ 1,122 | $ 1,149 | $ 793 |
Loans: | ||||||
Loans individually evaluated for impairment | 218 | 219 | ||||
Loans collectively evaluated for impairment | 109,516 | 109,311 | ||||
Total ending loans balance | $ 109,734 | $ 109,530 |
Note 4 - Loans and Allowance 36
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Individually Evaluated for Impairment - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
With an allowance recorded: | |||||
Allowance for loan losses allocated - with allowance recorded | $ 2,093 | $ 2,093 | $ 3,412 | ||
Commercial real estate: | |||||
Unpaid principal balance | 19,835 | 19,835 | 21,949 | ||
Recorded investment | 16,879 | 16,879 | 20,169 | ||
Allowance for loan losses allocated | 2,093 | 2,093 | 3,412 | ||
Average impaired loans | 16,575 | $ 15,551 | 16,455 | $ 14,130 | |
Interest income recognized | 193 | 207 | 545 | 560 | |
Cash basis interest recognized | 193 | 207 | 545 | 560 | |
Residential Portfolio Segment [Member] | |||||
With an allowance recorded: | |||||
Unpaid Principal balance | 895 | 895 | |||
Recorded investment - with allowance recorded | 895 | 895 | |||
Allowance for loan losses allocated - with allowance recorded | 66 | 66 | |||
Average impaired loans - with allowance recorded | 895 | 552 | 895 | 487 | |
Interest income recognized - with allowance recorded | 17 | 25 | |||
Cash basis interest recognized - - with allowance recorded | 17 | 25 | |||
With no related allowance recorded: | |||||
Unpaid principal balance with no related allowance recorded | 1,003 | 1,003 | 1,415 | ||
Recorded investment with no related allowance recorded | 1,003 | 1,003 | 1,415 | ||
Average impaired loans with no related allowance recorded | 1,005 | 611 | 761 | 544 | |
Interest income recognized with no related allowance recorded | 11 | 12 | 36 | 25 | |
Cash basis interest recognized with no related allowance recorded | 11 | 12 | 36 | 25 | |
Commercial real estate: | |||||
Allowance for loan losses allocated | 66 | 66 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | |||||
With an allowance recorded: | |||||
Unpaid Principal balance | 204 | 204 | 1,177 | ||
Recorded investment - with allowance recorded | 204 | 204 | 1,177 | ||
Allowance for loan losses allocated - with allowance recorded | 204 | 204 | 414 | ||
Average impaired loans - with allowance recorded | 204 | 145 | 204 | 73 | |
Interest income recognized - with allowance recorded | 11 | 11 | |||
Cash basis interest recognized - - with allowance recorded | 11 | 11 | |||
With no related allowance recorded: | |||||
Unpaid principal balance with no related allowance recorded | 3,911 | 3,911 | 3,125 | ||
Recorded investment with no related allowance recorded | 3,364 | 3,364 | 2,578 | ||
Average impaired loans with no related allowance recorded | 2,873 | 1,479 | 2,617 | 6,513 | |
Interest income recognized with no related allowance recorded | 74 | 9 | 135 | 31 | |
Cash basis interest recognized with no related allowance recorded | 74 | 9 | 135 | 31 | |
Commercial real estate: | |||||
Allowance for loan losses allocated | 204 | 204 | 414 | ||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | |||||
With an allowance recorded: | |||||
Unpaid Principal balance | 399 | 399 | 7,656 | ||
Recorded investment - with allowance recorded | 399 | 399 | 7,656 | ||
Allowance for loan losses allocated - with allowance recorded | 109 | 109 | 2,092 | ||
Average impaired loans - with allowance recorded | 401 | 3,422 | 404 | 3,439 | |
Interest income recognized - with allowance recorded | 5 | 41 | 70 | 94 | |
Cash basis interest recognized - - with allowance recorded | 5 | 41 | 70 | 94 | |
With no related allowance recorded: | |||||
Unpaid principal balance with no related allowance recorded | 5,258 | 5,258 | 1,298 | ||
Recorded investment with no related allowance recorded | 2,849 | 2,849 | 300 | ||
Average impaired loans with no related allowance recorded | 2,910 | 5,974 | 3,605 | 6,513 | |
Interest income recognized with no related allowance recorded | 12 | 81 | 37 | 267 | |
Cash basis interest recognized with no related allowance recorded | 12 | 81 | 37 | 267 | |
Commercial real estate: | |||||
Allowance for loan losses allocated | 109 | 109 | 2,092 | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||
With no related allowance recorded: | |||||
Unpaid principal balance with no related allowance recorded | 680 | 680 | |||
Recorded investment with no related allowance recorded | 680 | 680 | |||
Average impaired loans with no related allowance recorded | 680 | 510 | |||
Commercial Portfolio Segment [Member] | |||||
With an allowance recorded: | |||||
Unpaid Principal balance | 3,460 | 3,460 | 2,356 | ||
Recorded investment - with allowance recorded | 3,460 | 3,460 | 2,356 | ||
Allowance for loan losses allocated - with allowance recorded | 1,711 | 1,711 | 900 | ||
Average impaired loans - with allowance recorded | 3,589 | 3,259 | 3,343 | 1,629 | |
Interest income recognized - with allowance recorded | 52 | 39 | 117 | 107 | |
Cash basis interest recognized - - with allowance recorded | 52 | 39 | 117 | 107 | |
With no related allowance recorded: | |||||
Unpaid principal balance with no related allowance recorded | 3,807 | 3,807 | 4,703 | ||
Recorded investment with no related allowance recorded | 3,807 | 3,807 | 4,468 | ||
Average impaired loans with no related allowance recorded | 3,800 | 3,897 | |||
Interest income recognized with no related allowance recorded | 26 | 133 | |||
Cash basis interest recognized with no related allowance recorded | 26 | 133 | |||
Commercial real estate: | |||||
Allowance for loan losses allocated | 1,711 | 1,711 | 900 | ||
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | |||||
With an allowance recorded: | |||||
Unpaid Principal balance | 218 | 218 | 219 | ||
Recorded investment - with allowance recorded | 218 | 218 | 219 | ||
Allowance for loan losses allocated - with allowance recorded | 3 | 3 | 6 | ||
Average impaired loans - with allowance recorded | 218 | 109 | 219 | 54 | |
Interest income recognized - with allowance recorded | 2 | 8 | 6 | 8 | |
Cash basis interest recognized - - with allowance recorded | 2 | $ 8 | 6 | 8 | |
With no related allowance recorded: | |||||
Interest income recognized with no related allowance recorded | 3 | ||||
Cash basis interest recognized with no related allowance recorded | $ 3 | ||||
Commercial real estate: | |||||
Allowance for loan losses allocated | $ 3 | $ 3 | $ 6 |
Note 4 - Loans and Allowance 37
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Residential Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Loans past due 90 days and still accruing | $ 169 | |
Nonaccrual | 3,298 | $ 3,768 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Nonaccrual | 233 | 1,484 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Nonaccrual | 2,549 | 4,013 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Nonaccrual | 769 | |
Commercial Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Nonaccrual | 1,050 | 95 |
Consumer Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Loans past due 90 days and still accruing | 320 | 73 |
Nonaccrual | 8,019 | 9,549 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Loans past due 90 days and still accruing | 117 | 15 |
Nonaccrual | 7 | 18 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Nonaccrual | 111 | 103 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonaccrual Loans and Loans Past Due 90 Days Or More and Still Accruing [Line Items] | ||
Loans past due 90 days and still accruing | 34 | 58 |
Nonaccrual | $ 2 | $ 68 |
Note 4 - Loans and Allowance 38
Note 4 - Loans and Allowance for Loan Losses (Details) - Past Due Loans - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | $ 13,772 | $ 11,664 |
Loans, current | 571,396 | 583,104 |
Loans, total | 585,168 | 594,768 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 4,669 | 5,614 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 1,147 | 853 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 7,956 | 5,197 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 6,315 | 7,438 |
Loans, current | 218,177 | 216,190 |
Loans, total | 224,492 | 223,628 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 2,648 | 3,337 |
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 483 | 612 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 3,184 | 3,489 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, total | 166,540 | 177,612 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 661 | 1,558 |
Loans, current | 73,300 | 77,290 |
Loans, total | 73,961 | 78,848 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 283 | 74 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 145 | 62 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 233 | 1,422 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 3,159 | |
Loans, current | 64,750 | 71,229 |
Loans, total | 67,909 | 71,229 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 378 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 232 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 2,549 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 827 | 932 |
Loans, current | 23,843 | 26,603 |
Loans, total | 24,670 | 27,535 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 58 | 932 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 769 | |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 1,358 | 34 |
Loans, current | 83,044 | 83,964 |
Loans, total | 84,402 | 83,998 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 289 | |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 89 | 10 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 980 | 24 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans, total | 109,734 | 109,530 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 830 | 798 |
Loans, current | 43,643 | 42,051 |
Loans, total | 44,473 | 42,849 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 613 | 616 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 100 | 149 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 117 | 33 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 90 | 103 |
Loans, current | 20,411 | 18,188 |
Loans, total | 20,501 | 18,291 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 90 | 103 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 532 | 801 |
Loans, current | 44,228 | 47,589 |
Loans, total | 44,760 | 48,390 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 400 | 655 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 98 | 20 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | $ 34 | $ 126 |
Note 4 - Loans and Allowance 39
Note 4 - Loans and Allowance for Loan Losses (Details) - TDR Loan Modifications - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | $ 14,810 | $ 14,810 | $ 18,097 | |
Performing Financial Instruments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 11,636 | 11,636 | 13,840 | |
Pre-Modification Recorded Investment | 1,520 | $ 4,065 | ||
Post-Modification Recorded Investment | 1,520 | 4,065 | ||
Nonperforming Financial Instruments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 3,174 | 3,174 | 4,257 | |
Residential Portfolio Segment [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 1,003 | 1,003 | 520 | |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 1,003 | 1,003 | 520 | |
Pre-Modification Recorded Investment | 495 | |||
Post-Modification Recorded Investment | 495 | |||
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Post-Modification Recorded Investment | 1,025 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 498 | 498 | 457 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Contractual Interest Rate Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 233 | 233 | 244 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Reduction of Principal and Interest Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 610 | 610 | 627 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Extended Maturity [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 2,023 | 2,023 | 1,046 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 204 | 204 | 204 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 2,849 | 2,849 | 7,548 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Contractual Interest Rate Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 399 | 399 | 408 | |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Owner Occupied [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 498 | 498 | 457 | |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Owner Occupied [Member] | Reduction of Principal and Interest Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 610 | 610 | 627 | |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Owner Occupied [Member] | Extended Maturity [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 2,023 | 2,023 | 1,046 | |
Pre-Modification Recorded Investment | 1,025 | 762 | ||
Post-Modification Recorded Investment | 1,025 | 762 | ||
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Owner Occupied [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 204 | 204 | 204 | |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Nonowner Occupied [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 300 | 300 | 3,535 | |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Nonowner Occupied [Member] | Contractual Interest Rate Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 399 | 399 | 408 | |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 4,013 | |||
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Owner Occupied [Member] | Contractual Interest Rate Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 233 | 233 | 244 | |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Nonowner Occupied [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 2,549 | 2,549 | 4,013 | |
Commercial Portfolio Segment [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 6,381 | 6,381 | 6,429 | |
Commercial Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 392 | 392 | 395 | |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Interest Only Payments [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 6,381 | 6,381 | 6,429 | |
Pre-Modification Recorded Investment | 2,908 | |||
Post-Modification Recorded Investment | 2,908 | |||
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 395 | |||
Pre-Modification Recorded Investment | 395 | |||
Post-Modification Recorded Investment | $ 395 | |||
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 392 | 392 | ||
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | Extended Maturity [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | 218 | 218 | 219 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Home Equity Loan [Member] | Extended Maturity [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Trouble Debt Restructurings | $ 218 | $ 218 | $ 219 |
Note 4 - Loans and Allowance 40
Note 4 - Loans and Allowance for Loan Losses (Details) - Risk Category of Commercial Loans by Class of Loans - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | $ 250,942 | $ 261,610 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 216,358 | 236,482 |
Criticized [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 20,287 | 4,724 |
Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 14,297 | 20,404 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 73,961 | 78,848 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 62,542 | 72,232 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Criticized [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 7,580 | 2,102 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 3,839 | 4,514 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 67,909 | 71,229 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 57,196 | 60,491 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Criticized [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 6,498 | 2,127 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 4,215 | 8,611 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 24,670 | 27,535 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 23,742 | 27,364 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 928 | 171 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 84,402 | 83,998 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 72,878 | 76,395 |
Commercial Portfolio Segment [Member] | Criticized [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 6,209 | 495 |
Commercial Portfolio Segment [Member] | Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | $ 5,315 | $ 7,108 |
Note 4 - Loans and Allowance 41
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | $ 334,226 | $ 333,158 |
Performing Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 330,488 | 329,128 |
Nonperforming Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 3,738 | 4,030 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 44,473 | 42,849 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 20,501 | 18,291 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 44,760 | 48,390 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Automobile Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 44,349 | 42,816 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Home Equity Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 20,390 | 18,188 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Other Consumer Loans [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 44,724 | 48,264 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Automobile Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 124 | 33 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 111 | 103 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Other Consumer Loans [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 36 | 126 |
Residential Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 224,492 | 223,628 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | 221,025 | 219,860 |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment of Residential and Consumer Loans [Line Items] | ||
Loans receivable | $ 3,467 | $ 3,768 |
Note 5 - Financial Instrument42
Note 5 - Financial Instruments With Off-balance Sheet Risk (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Dec. 31, 2014 | |
Risks and Uncertainties [Abstract] | ||
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure | $ 56,947 | $ 55,344 |
Note 6 - Other Borrowed Funds43
Note 6 - Other Borrowed Funds (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2015 | Dec. 31, 2014 | |
Note 6 - Other Borrowed Funds (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, Maturities Summary, Fixed Rate | $ 20,238,000 | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate, Range from | 1.34% | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate, Range to | 3.31% | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Weighted Average Interest Rate | 2.08% | |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | $ 180,708,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 118,670,000 | |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Twelve Months | $ 75,000,000 | |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | 1.15% | |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | 1.50% | |
Notes Payable, Related Parties | $ 0 | |
Residential Mortgage [Member] | ||
Note 6 - Other Borrowed Funds (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 214,870,000 | |
Commercial Loan [Member] | ||
Note 6 - Other Borrowed Funds (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 77,317,000 | |
FHLB Stock [Member] | ||
Note 6 - Other Borrowed Funds (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 5,081,000 | |
Federal Home Loan Bank Advances [Member] | ||
Note 6 - Other Borrowed Funds (Details) [Line Items] | ||
Capital Lease Obligations | 128,000 | |
FHLB Line of Credit [Member] | ||
Note 6 - Other Borrowed Funds (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 75,000,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 75,000,000 | |
Letters of Credit Outstanding, Amount | $ 41,800,000 | $ 29,500,000 |
Note 6 - Other Borrowed Funds44
Note 6 - Other Borrowed Funds (Details) - Other Borrowed Funds - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ||
Other borrowed funds | $ 24,257 | $ 24,972 |
Federal Home Loan Bank Advances [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ||
Other borrowed funds | 20,366 | 21,181 |
Promissory Notes [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ||
Other borrowed funds | $ 3,891 | $ 3,791 |
Note 6 - Other Borrowed Funds45
Note 6 - Other Borrowed Funds (Details) - Scheduled Principal Payments - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Note 6 - Other Borrowed Funds (Details) - Scheduled Principal Payments [Line Items] | ||
2,015 | $ 1,801 | |
2,016 | 4,199 | |
2,017 | 4,601 | |
2,018 | 1,537 | |
2,019 | 1,467 | |
Thereafter | 10,652 | |
24,257 | $ 24,972 | |
Federal Home Loan Bank Advances [Member] | ||
Note 6 - Other Borrowed Funds (Details) - Scheduled Principal Payments [Line Items] | ||
2,015 | 448 | |
2,016 | 1,661 | |
2,017 | 4,601 | |
2,018 | 1,537 | |
2,019 | 1,467 | |
Thereafter | 10,652 | |
20,366 | 21,181 | |
Promissory Notes [Member] | ||
Note 6 - Other Borrowed Funds (Details) - Scheduled Principal Payments [Line Items] | ||
2,015 | 1,353 | |
2,016 | 2,538 | |
$ 3,891 | $ 3,791 |
Note 7 - Segment Information (D
Note 7 - Segment Information (Details) | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Banking [Member] | ||
Note 7 - Segment Information (Details) [Line Items] | ||
Concentration Risk, Percentage | 90.20% | 90.20% |
Note 7 - Segment Information 47
Note 7 - Segment Information (Details) - Segment Reporting - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Segment Reporting Information [Line Items] | |||||
Net interest income | $ 8,285 | $ 8,208 | $ 25,364 | $ 25,177 | |
Provision expense | (11) | (682) | 710 | 1,198 | |
Noninterest income | 1,584 | 2,106 | 6,990 | 8,136 | |
Noninterest expense | 7,727 | 7,244 | 22,708 | 21,536 | |
Tax expense | 511 | 1,010 | 2,260 | 2,929 | |
Net income | 1,642 | 2,742 | 6,676 | 7,650 | |
Assets | 808,466 | 777,177 | 808,466 | 777,177 | $ 778,668 |
Banking [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest income | 7,627 | 7,612 | 22,690 | 22,593 | |
Provision expense | 10 | (715) | 685 | 1,085 | |
Noninterest income | 1,522 | 2,044 | 6,351 | 7,332 | |
Noninterest expense | 7,106 | 6,684 | 20,679 | 19,657 | |
Tax expense | 471 | 989 | 1,834 | 2,457 | |
Net income | 1,562 | 2,698 | 5,843 | 6,726 | |
Assets | 795,458 | 764,171 | 795,458 | 764,171 | |
Consumer Finance [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest income | 658 | 596 | 2,674 | 2,584 | |
Provision expense | (21) | 33 | 25 | 113 | |
Noninterest income | 62 | 62 | 639 | 804 | |
Noninterest expense | 621 | 560 | 2,029 | 1,879 | |
Tax expense | 40 | 21 | 426 | 472 | |
Net income | 80 | 44 | 833 | 924 | |
Assets | $ 13,008 | $ 13,006 | $ 13,008 | $ 13,006 |