Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Aug. 09, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | OHIO VALLEY BANC CORP | |
Entity Central Index Key | 894,671 | |
Trading Symbol | ovbc | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 4,727,380 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and noninterest-bearing deposits with banks | $ 11,652 | $ 12,664 |
Interest-bearing deposits with banks | 51,539 | 61,909 |
Total cash and cash equivalents | 63,191 | 74,573 |
Certificates of deposit in financial institutions | 1,820 | 1,820 |
Securities available for sale | 100,165 | 101,125 |
Securities held to maturity (estimated fair value: 2018 - $17,752; 2017 - $18,079) | 17,313 | 17,581 |
Restricted investments in bank stocks | 7,506 | 7,506 |
Total loans | 781,980 | 769,319 |
Less: Allowance for loan losses | (7,639) | (7,499) |
Net loans | 774,341 | 761,820 |
Premises and equipment, net | 13,694 | 13,281 |
Other real estate owned, net | 1,328 | 1,574 |
Accrued interest receivable | 2,548 | 2,503 |
Goodwill | 7,371 | 7,371 |
Other intangible assets, net | 442 | 514 |
Bank owned life insurance and annuity assets | 29,024 | 28,675 |
Other assets | 6,621 | 7,947 |
Total assets | 1,025,364 | 1,026,290 |
LIABILITIES | ||
Noninterest-bearing deposits | 243,090 | 253,655 |
Interest-bearing deposits | 603,245 | 603,069 |
Total deposits | 846,335 | 856,724 |
Other borrowed funds | 41,443 | 35,949 |
Subordinated debentures | 8,500 | 8,500 |
Accrued liabilities | 15,858 | 15,756 |
Total liabilities | 912,136 | 916,929 |
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 5) | ||
SHAREHOLDERS’ EQUITY | ||
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2018 - 5,387,119 shares issued; 2017 - 5,362,005 shares issued) | 5,387 | 5,362 |
Additional paid-in capital | 48,933 | 47,895 |
Retained earnings | 77,230 | 72,694 |
Accumulated other comprehensive loss | (2,610) | (878) |
Treasury stock, at cost (659,739 shares) | (15,712) | (15,712) |
Total shareholders’ equity | 113,228 | 109,361 |
Total liabilities and shareholders’ equity | $ 1,025,364 | $ 1,026,290 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities held to maturity, fair value | $ 17,752 | $ 18,079 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in shares) | 5,387,119 | 5,362,005 |
Treasury stock, shares (in shares) | 659,739 | 659,739 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Interest and dividend income: | ||||
Loans, including fees | $ 10,767 | $ 10,131 | $ 22,016 | $ 20,921 |
Securities | ||||
Taxable | 590 | 536 | 1,156 | 1,024 |
Tax exempt | 94 | 105 | 187 | 208 |
Dividends | 107 | 94 | 216 | 186 |
Interest-bearing deposits with banks | 371 | 117 | 1,056 | 377 |
Other Interest | 9 | 6 | 16 | 11 |
11,938 | 10,989 | 24,647 | 22,727 | |
Interest expense: | ||||
Deposits | 961 | 628 | 1,853 | 1,228 |
Other borrowed funds | 255 | 229 | 490 | 445 |
Subordinated debentures | 82 | 61 | 154 | 118 |
1,298 | 918 | 2,497 | 1,791 | |
Net interest income | 10,640 | 10,071 | 22,150 | 20,936 |
Provision for loan losses | (23) | 175 | 733 | 320 |
Net interest income after provision for loan losses | 10,663 | 9,896 | 21,417 | 20,616 |
Noninterest income: | ||||
Income from bank owned life insurance and annuity assets | 173 | 182 | 349 | 404 |
Electronic refund check / deposit fees | 305 | 291 | 1,533 | 1,667 |
Debit / credit card interchange income | 932 | 863 | 1,793 | 1,643 |
Gain (loss) on other real estate owned | 170 | (21) | 157 | (71) |
Other | 307 | 162 | 505 | 330 |
2,538 | 2,112 | 5,614 | 5,225 | |
Noninterest expense: | ||||
Salaries and employee benefits | 5,541 | 5,145 | 11,243 | 10,509 |
Occupancy | 426 | 448 | 867 | 882 |
Furniture and equipment | 258 | 258 | 512 | 518 |
Professional fees | 515 | 451 | 1,023 | 904 |
Marketing expense | 262 | 257 | 524 | 512 |
FDIC insurance | 115 | 109 | 258 | 267 |
Data processing | 707 | 553 | 1,421 | 1,088 |
Software | 366 | 378 | 762 | 737 |
Foreclosed assets | 55 | 75 | 110 | 267 |
Amortization of intangibles | 36 | 41 | 72 | 82 |
Other | 1,393 | 2,161 | 2,690 | 3,485 |
9,674 | 9,876 | 19,482 | 19,251 | |
Income before income taxes | 3,527 | 2,132 | 7,549 | 6,590 |
Provision for income taxes | 551 | 391 | 1,207 | 1,632 |
NET INCOME | $ 2,976 | $ 1,741 | $ 6,342 | $ 4,958 |
Earnings per share (in dollars per share) | $ 0.63 | $ 0.37 | $ 1.34 | $ 1.06 |
Deposit Account [Member] | ||||
Noninterest income: | ||||
Revenue from Contract with Customer | $ 515 | $ 530 | $ 1,017 | $ 1,034 |
Fiduciary and Trust [Member] | ||||
Noninterest income: | ||||
Revenue from Contract with Customer | 68 | 55 | 128 | 113 |
Mortgage Banking [Member] | ||||
Noninterest income: | ||||
Revenue from Contract with Customer | $ 68 | $ 50 | $ 132 | $ 105 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net Income | $ 2,976 | $ 1,741 | $ 6,342 | $ 4,958 |
Other comprehensive income: | ||||
Change in unrealized loss on available for sale securities | (408) | 771 | (1,974) | 1,465 |
Related tax expense | 86 | (262) | 415 | (498) |
Total other comprehensive income, net of tax | (322) | 509 | (1,559) | 967 |
Total comprehensive income | $ 2,654 | $ 2,250 | $ 4,783 | $ 5,925 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) $ in Thousands | USD ($)$ / shares |
Balance at beginning of period at Dec. 31, 2016 | $ 104,528 |
Net Income | 4,958 |
Other comprehensive income, net of tax | 967 |
Common stock issued through DRIP (2018 – 17,820 shares issued; 2017 – 2,224 shares issued) | 69 |
Common stock issued to ESOP (2018 – 7,294 shares issued; 2017 – 15,118 shares issued) | 428 |
Cash dividends | (1,963) |
Balance at end of period at Jun. 30, 2017 | $ 108,987 |
Cash dividends (in dollars per share) | $ / shares | $ 0.42 |
Balance at beginning of period at Mar. 31, 2017 | $ 107,651 |
Net Income | 1,741 |
Other comprehensive income, net of tax | 509 |
Common stock issued through DRIP (2018 – 17,820 shares issued; 2017 – 2,224 shares issued) | 69 |
Common stock issued to ESOP (2018 – 7,294 shares issued; 2017 – 15,118 shares issued) | |
Cash dividends | (983) |
Balance at end of period at Jun. 30, 2017 | $ 108,987 |
Cash dividends (in dollars per share) | $ / shares | $ 0.21 |
Balance at beginning of period at Dec. 31, 2017 | $ 109,361 |
Net Income | 6,342 |
Other comprehensive income, net of tax | (1,559) |
Common stock issued through DRIP (2018 – 17,820 shares issued; 2017 – 2,224 shares issued) | 768 |
Common stock issued to ESOP (2018 – 7,294 shares issued; 2017 – 15,118 shares issued) | 295 |
Cash dividends | (1,979) |
Balance at end of period at Jun. 30, 2018 | $ 113,228 |
Cash dividends (in dollars per share) | $ / shares | $ 0.42 |
Balance at beginning of period at Mar. 31, 2018 | $ 111,211 |
Net Income | 2,976 |
Other comprehensive income, net of tax | (322) |
Common stock issued through DRIP (2018 – 17,820 shares issued; 2017 – 2,224 shares issued) | 355 |
Common stock issued to ESOP (2018 – 7,294 shares issued; 2017 – 15,118 shares issued) | |
Cash dividends | (992) |
Balance at end of period at Jun. 30, 2018 | $ 113,228 |
Cash dividends (in dollars per share) | $ / shares | $ 0.21 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Common stock issued through DRIP (in shares) | 17,820 | 2,224 | 17,820 | 2,224 |
Common stock issued to ESOP (in shares) | 7,294 | 15,118 | 7,294 | 15,118 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Net cash provided by operating activities: | $ 9,333 | $ 4,978 |
Investing activities: | ||
Proceeds from maturities of securities available for sale | 12,744 | 12,170 |
Purchases of securities available for sale | (13,879) | (17,082) |
Proceeds from maturities of securities held to maturity | 241 | 422 |
Purchases of securities held to maturity | (389) | |
Proceeds from maturities of certificates of deposit in financial institutions | 245 | |
Purchases of certificates of deposit in financial institutions | (395) | |
Net change in loans | (13,412) | (24,076) |
Proceeds from sale of other real estate owned | 620 | 773 |
Purchases of premises and equipment | (975) | (997) |
Proceeds from bank owned life insurance | 224 | |
Net cash used in investing activities | (14,661) | (29,105) |
Financing activities: | ||
Change in deposits | (10,337) | 17,840 |
Proceeds from common stock through dividend reinvestment | 768 | |
Cash dividends | (1,979) | (1,963) |
Proceeds from Federal Home Loan Bank borrowings | 8,000 | 4,785 |
Repayment of Federal Home Loan Bank borrowings | (1,691) | (962) |
Change in other long-term borrowings | (737) | (228) |
Change in other short-term borrowings | (78) | (25) |
Net cash provided by financing activities | (6,054) | 19,447 |
Change in cash and cash equivalents | (11,382) | (4,680) |
Cash and cash equivalents at beginning of period | 74,573 | 40,166 |
Cash and cash equivalents at end of period | 63,191 | 35,486 |
Supplemental disclosure: | ||
Cash paid for interest | 2,272 | 1,698 |
Cash paid for income taxes | 1,550 | 2,236 |
Transfers from loans to other real estate owned | 218 | 1,236 |
Other real estate owned sales financed by The Ohio Valley Bank Company | $ 85 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1 BASIS OF PRESENTATION : one 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 June 30, 2018, three six June 30, 2018 not December 31, 2018. not December 31, 2017 The consolidated financial statements for 2017 2018. no USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS: INDUSTRY SEGMENT INFORMATION: two EARNINGS PER SHARE : 4,724,124 4,681,763 three June 30, 2018 2017, 4,717,901 4,677,066 six June 30, 2018 2017, no no ADOPTION OF NEW ACCOUNTING STANDARD UPDATES (“ASU”) : May 2014, No. 2014 09, January 1, 2018 606” 606 five not 606 December 31, 2017, no no 2018. In January 2016, No. 2016 01, December 15, 2017, 1 2 3 4 No. 2016 01 January 1, 2018 not 2. In August 2016, 2016 15, 230 eight not December 15, 2017, 2016 15 January 1, 2018, no In February 2018, 2018 02, December, 22, 2017. December 15, 2018, April 1, 2018. $173 June 30, 2018 10 Revenue Recognition ASU No. 2014 09, 606 five not 606. 606 not 606 606 606, ● Service charges on deposit accounts ● Trust fees ● Electronic refund check/deposit fees third ● Debit/credit card interchange income ● Gain (loss) on other real estate owned All of the Company’s revenue from contracts with customers within the scope of ASC 606 no ACCOUNTING GUIDANCE TO BE ADOPTED IN FUTURE PERIODS: June 2016, No. 2016 13, 2016 13 December 15, 2019. December 15, 2018. |
Note 2 - Fair Value of Financia
Note 2 - Fair Value of Financial Instruments | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
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 may Level 1: Level 2: 1 not 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: 1 not 2 not 3 Impaired Loans: may 3 may 3 Other Real Estate Owned: may 3 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%. Interest Rate Swap Agreements: 2 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 June 30, 2018 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 ---- $ 14,588 ---- Agency mortgage-backed securities, residential ---- 85,577 ---- Interest rate swap derivatives ---- 74 ---- Interest rate swap derivatives ---- (74 ) ---- Fair Value Measurements at December 31, 2017 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 ---- $ 13,473 ---- Agency mortgage-backed securities, residential ---- 87,652 ---- Interest rate swap derivatives ---- 59 ---- Interest rate swap derivatives ---- (59 ) ---- There were no 1 2 2018 2017. 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 June 30, 2018, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Other real estate owned: Commercial real estate: Construction ---- ---- $ 822 Fair Value Measurements at December 31, 2017, 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: Nonowner-occupied ---- ---- $ 216 Construction ---- ---- 756 Other real estate owned: Commercial real estate: Construction ---- ---- 822 At June 30, 2018, no no three six June 30, 2018, no no three June 30, 2017, $221 six June 30, 2017, $1,011 December 31, 2017, $972, no no no December 31, 2017. Other real estate owned that was measured at fair value less costs to sell at June 30, 2018 December 31, 2017 $822 $2,217 $1,395 no three six June 30, 2018 2017. The following table presents quantitative information about Level 3 June 30, 2018 December 31, 2017: June 30, 2018 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Other real estate owned: Commercial real estate: Construction $ 822 Sales approach Adjustment to comparables 5% to 40% 18.1% December 31, 2017 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Impaired loans: Commercial real estate: Nonowner-occupied $ 216 Sales approach Adjustment to comparables 1.6% to 50% 26.7% Construction 756 Sales approach Adjustment to comparables 1.3% to 56% 32.9% Other real estate owned: Commercial real estate: Construction 822 Sales approach Adjustment to comparables 5% to 40% 18.1% The carrying amounts and estimated fair values of financial instruments at June 30, 2018 December 31, 2017 Fair Value Measurements at June 30, 2018 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 63,191 $ 63,191 $ ---- $ ---- $ 63,191 Certificates of deposit in financial institutions 1,820 ---- 1,820 ---- 1,820 Securities available for sale 100,165 ---- 100,165 ---- 100,165 Securities held to maturity 17,313 ---- 8,848 8,904 17,752 Restricted investments in bank stocks 7,506 N/A N/A N/A N/A Loans, net 774,341 ---- ---- 771,669 771,669 Accrued interest receivable 2,548 ---- 313 2,235 2,548 Financial liabilities: Deposits 846,335 243,090 601,855 ---- 844,945 Other borrowed funds 41,443 ---- 39,264 ---- 39,264 Subordinated debentures 8,500 ---- 6,602 ---- 6,602 Accrued interest payable 1,017 3 1,014 ---- 1,017 Fair Value Measurements at December 31, 2017 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 74,573 $ 74,573 $ ---- $ ---- $ 74,573 Certificates of deposit in financial institutions 1,820 ---- 1,820 ---- 1,820 Securities available for sale 101,125 ---- 101,125 ---- 101,125 Securities held to maturity 17,581 ---- 9,020 9,059 18,079 Restricted investments in bank stocks 7,506 N/A N/A N/A N/A Loans, net 761,820 ---- ---- 760,746 760,746 Accrued interest receivable 2,503 ---- 268 2,235 2,503 Financial liabilities: Deposits 856,724 253,655 602,268 ---- 855,923 Other borrowed funds 35,949 ---- 34,810 ---- 34,810 Subordinated debentures 8,500 ---- 6,678 ---- 6,678 Accrued interest payable 792 4 788 ---- 792 The methods and assumptions, not Cash and Cash Equivalents 1. Certificates of Deposit in Financial Institutions 2. Securities Held to Maturity: 3 Restricted Investments in Bank Stocks not Loans June 30, 2018 2016 01, December 31, 2017 June 30, 2018 December 31, 2017 not Deposit s 1 2 2 Other Borrowed Funds ninety 2 2 Subordinated Debentures 2 Accrued Interest Receivable and Payable Off-balance Sheet Instruments not 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 one no |
Note 3 - Securities
Note 3 - Securities | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 3 – SECURITIES The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at June 30, 2018 December 31, 2017 Securities Available for Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value June 30, 2018 U.S. Government sponsored entity securities $ 14,888 $ 6 $ (306 ) $ 14,588 Agency mortgage-backed securities, residential 88,581 100 (3,104 ) 85,577 Total securities $ 103,469 $ 106 $ (3,410 ) $ 100,165 December 31, 201 7 U.S. Government sponsored entity securities $ 13,622 $ ---- $ (149 ) $ 13,473 Agency mortgage-backed securities, residential 88,833 300 (1,481 ) 87,652 Total securities $ 102,455 $ 300 $ (1,630 ) $ 101,125 Securities Held to Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Estimated Fair Value June 30, 2018 Obligations of states and political subdivisions $ 17,310 $ 534 $ (95 ) $ 17,749 Agency mortgage-backed securities, residential 3 ---- ---- 3 Total securities $ 17,313 $ 534 $ (95 ) $ 17,752 December 31, 201 7 Obligations of states and political subdivisions $ 17,577 $ 533 $ (35 ) $ 18,075 Agency mortgage-backed securities, residential 4 ---- ---- 4 Total securities $ 17,581 $ 533 $ (35 ) $ 18,079 The amortized cost and estimated fair value of debt securities at June 30, 2018, may may not Available for Sale Held to Maturity Debt Securities: Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due in one year or less $ ---- $ ---- $ 2,128 $ 2,148 Due in over one to five years 14,888 14,588 5,814 5,994 Due in over five to ten years ---- ---- 7,109 7,419 Due after ten years ---- ---- 2,259 2,188 Agency mortgage-backed securities, residential 88,581 85,577 3 3 Total debt securities $ 103,469 $ 100,165 $ 17,313 $ 17,752 The following table summarizes securities with unrealized losses at June 30, 2018 December 31, 2017, June 30 , 2018 Less Than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Government sponsored entity securities $ 5,843 $ (145 ) $ 4,779 $ (161 ) $ 10,622 $ (306 ) Agency mortgage-backed securities, residential 48,776 (1,399 ) 28,876 (1,705 ) 77,652 (3,104 ) Total available for sale $ 54,619 $ (1,544 ) $ 33,655 $ (1,866 ) $ 88,274 $ (3,410 ) 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 $ 1,457 $ (4 ) $ 1,440 $ (91 ) $ 2,897 $ (95 ) Total held to maturity $ 1,457 $ (4 ) $ 1,440 $ (91 ) $ 2,897 $ (95 ) December 31, 201 7 Less Than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Government sponsored entity securities $ 6,910 $ (97 ) $ 6,563 $ (52 ) $ 13,473 $ (149 ) Agency mortgage-backed securities, residential 37,421 (434 ) 31,763 (1,047 ) 69,184 (1,481 ) Total available for sale $ 44,331 $ (531 ) $ 38,326 $ (1,099 ) $ 82,657 $ (1,630 ) 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 $ 362 $ (2 ) $ 1,502 $ (33 ) $ 1,864 $ (35 ) Total held to maturity $ 362 $ (2 ) $ 1,502 $ (33 ) $ 1,864 $ (35 ) There were no three six June 30, 2018 2017. not June 30, 2018, not not not June 30, 2018 December 31, 2017 |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | N OTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans are comprised of the following: June 30, December 31, 2018 2017 Residential real estate $ 305,318 $ 309,163 Commercial real estate: Owner-occupied 66,171 73,573 Nonowner-occupied 116,476 101,571 Construction 39,888 38,302 Commercial and industrial 114,838 107,089 Consumer: Automobile 68,446 68,626 Home equity 22,240 21,431 Other 48,603 49,564 781,980 769,319 Less: Allowance for loan losses (7,639 ) (7,499 ) Loans, net $ 774,341 $ 761,820 The following table presents the activity in the allowance for loan losses by portfolio segment for the three June 30, 2018 2017: June 30, 2018 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 2,059 $ 2,423 $ 1,373 $ 2,141 $ 7,996 Provision for loan losses (14 ) (82 ) (317 ) 390 (23 ) Loans charged off (177 ) ---- ---- (574 ) (751 ) Recoveries 18 51 186 162 417 Total ending allowance balance $ 1,886 $ 2,392 $ 1,242 $ 2,119 $ 7,639 June 30, 2017 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,392 $ 2,729 $ 1,360 $ 1,834 $ 7,315 Provision for loan losses (68 ) (89 ) (35 ) 367 175 Loans charged-off (73 ) (53 ) (399 ) (384 ) (909 ) Recoveries 49 226 6 90 371 Total ending allowance balance $ 1,300 $ 2,813 $ 932 $ 1,907 $ 6,952 The following table presents the activity in the allowance for loan losses by portfolio segment for the six June 30, 2018 2017: June 30, 2018 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,470 $ 2,978 $ 1,024 $ 2,027 $ 7,499 Provision for loan losses 580 (663 ) (1 ) 817 733 Loans charged off (237 ) (1 ) (4 ) (1,096 ) (1,338 ) Recoveries 73 78 223 371 745 Total ending allowance balance $ 1,886 $ 2,392 $ 1,242 $ 2,119 $ 7,639 June 30, 2017 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 939 $ 4,315 $ 907 $ 1,538 $ 7,699 Provision for loan losses 377 (1,176 ) 350 769 320 Loans charged-off (146 ) (612 ) (403 ) (705 ) (1,866 ) Recoveries 130 286 78 305 799 Total ending allowance balance $ 1,300 $ 2,813 $ 932 $ 1,907 $ 6,952 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 June 30, 2018 December 31, 2017: June 30, 2018 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 $ ---- $ 90 $ ---- $ ---- $ 90 Collectively evaluated for impairment 1,886 2,302 1,242 2,119 7,549 Total ending allowance balance $ 1,886 $ 2,392 $ 1,242 $ 2,119 $ 7,639 Loans: Loans individually evaluated for impairment $ 1,627 $ 5,593 $ 9,037 $ ---- $ 16,257 Loans collectively evaluated for impairment 303,691 216,942 105,801 139,289 765,723 Total ending loans balance $ 305,318 $ 222,535 $ 114,838 $ 139,289 $ 781,980 December 31, 2017 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 $ ---- $ 94 $ ---- $ ---- $ 94 Collectively evaluated for impairment 1,470 2,884 1,024 2,027 7,405 Total ending allowance balance $ 1,470 $ 2,978 $ 1,024 $ 2,027 $ 7,499 Loans: Loans individually evaluated for impairment $ 1,420 $ 7,333 $ 9,154 $ 201 $ 18,108 Loans collectively evaluated for impairment 307,743 206,113 97,935 139,420 751,211 Total ending loans balance $ 309,163 $ 213,446 $ 107,089 $ 139,621 $ 769,319 The following tables present information related to loans individually evaluated for impairment by class of loans as of June 30, 2018 December 31, 2017: June 30, 2018 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Commercial real estate: Nonowner-occupied $ 366 $ 366 $ 90 With no related allowance recorded: Residential real estate 1,688 1,627 ---- Commercial real estate: Owner-occupied 2,451 2,451 ---- Nonowner-occupied 4,198 2,776 ---- Construction 344 ---- ---- Commercial and industrial 9,037 9,037 ---- Total $ 18,084 $ 16,257 $ 90 December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Commercial real estate: Nonowner-occupied $ 372 $ 372 $ 94 With no related allowance recorded: Residential real estate 1,420 1,420 ---- Commercial real estate: Owner-occupied 3,427 3,427 ---- Nonowner-occupied 4,989 3,534 ---- Construction 352 ---- ---- Commercial and industrial 9,154 9,154 ---- Consumer: ---- Home equity 203 201 ---- Total $ 19,917 $ 18,108 $ 94 The following tables present information related to loans individually evaluated for impairment by class of loans for the three six June 30, 2018 2017: Three months ended June 30, 2018 Six months ended June 30, 2018 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Commercial real estate: Nonowner-occupied $ 368 $ 7 $ 7 $ 370 $ 8 $ 8 With no related allowance recorded: Residential real estate 1,653 11 11 1,575 30 30 Commercial real estate: Owner-occupied 2,465 36 36 2,478 69 69 Nonowner-occupied 3,037 16 16 3,131 37 37 Construction ---- 5 5 ---- 10 10 Commercial and industrial 8,615 107 107 8,794 232 232 Total $ 16,138 $ 182 $ 182 $ 16,348 $ 386 $ 386 Three months ended June 30, 2017 Six months ended June 30, 2017 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Commercial real estate: Nonowner-occupied $ 379 $ 5 $ 5 $ 380 $ 14 $ 14 Consumer: Home equity 209 2 2 210 5 5 With no related allowance recorded: Residential real estate 1,028 12 12 992 20 20 Commercial real estate: Owner-occupied 2,836 36 36 2,921 120 120 Nonowner-occupied 3,779 21 21 3,730 74 74 Construction 487 5 5 501 108 108 Commercial and industrial 8,990 100 100 8,815 290 290 Total $ 17,708 $ 181 $ 181 $ 17,549 $ 631 $ 631 The recorded investment of a loan is its carrying value excluding accrued interest and deferred loan fees. Nonaccrual loans and loans past due 90 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 June 30, 2018 December 31, 2017, $436 $262, $1,969 $2,410 June 30, 2018 December 31, 2017, The following table presents the recorded investment of nonaccrual loans and loans past due 90 June 30, 2018 December 31, 2017: June 30, 2018 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 188 $ 6,983 Commercial real estate: Owner-occupied ---- 641 Nonowner-occupied ---- 1,977 Construction ---- 397 Commercial and industrial 21 386 Consumer: Automobile 135 67 Home equity ---- 295 Other 127 98 Total $ 471 $ 10,844 December 31, 2017 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 131 $ 5,906 Commercial real estate: Owner-occupied ---- 476 Nonowner-occupied ---- 2,454 Construction ---- 444 Commercial and industrial ---- 337 Consumer: Automobile 127 86 Home equity ---- 283 Other 76 126 Total $ 334 $ 10,112 The following table presents the aging of the recorded investment of past due loans by class of loans as of June 30, 2018 December 31, 2017: June 30, 2018 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 $ 2,599 $ 742 $ 1,950 $ 5,291 $ 300,027 $ 305,318 Commercial real estate: Owner-occupied 274 23 290 587 65,584 66,171 Nonowner-occupied 617 ---- 1,775 2,392 114,084 116,476 Construction 174 ---- 157 331 39,557 39,888 Commercial and industrial 404 71 194 669 114,169 114,838 Consumer: Automobile 1,004 224 158 1,386 67,060 68,446 Home equity 289 34 92 415 21,825 22,240 Other 555 217 147 919 47,684 48,603 Total $ 5,916 $ 1,311 $ 4,763 $ 11,990 $ 769,990 $ 781,980 December 31, 2017 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 $ 5,383 $ 671 $ 1,673 $ 7,727 $ 301,436 $ 309,163 Commercial real estate: Owner-occupied 194 161 160 515 73,058 73,573 Nonowner-occupied 140 ---- 2,238 2,378 99,193 101,571 Construction ---- ---- 169 169 38,133 38,302 Commercial and industrial 303 243 191 737 106,352 107,089 Consumer: Automobile 1,257 346 151 1,754 66,872 68,626 Home equity 90 272 27 389 21,042 21,431 Other 865 218 76 1,159 48,405 49,564 Total $ 8,232 $ 1,911 $ 4,685 $ 14,828 $ 754,491 $ 769,319 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 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 June 30, 2018 December 31, 2017: June 30, 2018 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s Residential real estate: Interest only payments $ 685 $ ---- $ 685 Commercial real estate: Owner-occupied Interest only payments 997 ---- 997 Reduction of principal and interest payments 541 ---- 541 Maturity extension at lower stated rate than market rate 507 ---- 507 Credit extension at lower stated rate than market rate 406 ---- 406 Nonowner-occupied Interest only payments 487 1,498 1,985 Rate reduction 366 ---- 366 Credit extension at lower stated rate than market rate 564 ---- 564 Commercial and industrial: Interest only payments 8,737 ---- 8,737 Total TDR’s $ 13,290 $ 1,498 $ 14,788 December 31, 2017 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s Residential real estate: Interest only payments $ 697 $ ---- $ 697 Commercial real estate: Owner-occupied Interest only payments 997 ---- 997 Reduction of principal and interest payments 554 ---- 554 Maturity extension at lower stated rate than market rate 1,466 ---- 1,466 Credit extension at lower stated rate than market rate 410 ---- 410 Nonowner-occupied Interest only payments 560 1,961 2,521 Rate reduction 372 ---- 372 Credit extension at lower stated rate than market rate 570 ---- 570 Commercial and industrial: Interest only payments 9,154 ---- 9,154 Consumer: Home equity Maturity extension at lower stated rate than market rate ---- 201 201 Total TDR’s $ 14,780 $ 2,162 $ 16,942 At June 30, 2018, $2,154, 12.7%, 2017. $90 June 30, 2018, $94 December 31, 2017. June 30, 2018, $1,263 $846 December 31, 2017. There were no three six June 30, 2018. three six June 30, 2017: TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Three months ended June 30, 2017 Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Residential real estate Maturity extension at lower stated rate than market rate 1 $ 231 $ 231 $ ---- $ ---- Commercial and industrial Maturity extension at lower stated rate than market rate 2 770 770 ---- ---- Total TDR’s 3 $ 1,001 $ 1,001 $ ---- $ ---- TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Six months ended June 30, 2017 Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Residential real estate Maturity extension at lower stated rate than market rate 1 $ 231 $ 231 $ ---- $ ---- Commercial and industrial Maturity extension at lower stated rate than market rate 2 770 770 ---- ---- Total TDR’s 3 $ 1,001 $ 1,001 $ ---- $ ---- The troubled debt restructurings described above had no no three six June 30, 2017. The Company had no three six June 30, 2018 2017, twelve 90 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 10. 8 9 11. $500. The Company uses the following definitions for its criticized loan risk ratings: Special Mention. not not may no no one The Company uses the following definitions for its classified loan risk ratings: Substandard. one may not 8 Doubtful. may may Loss . not not no not may Criticized and classified loans will mostly consist of commercial and industrial and commercial real estate loans. The Company considers its loans that do not 1 7 June 30, 2018 December 31, 2017, June 30, 2018 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 56,810 $ 1,057 $ 8,304 $ 66,171 Nonowner-occupied 112,057 855 3,564 116,476 Construction 39,583 134 171 39,888 Commercial and industrial 96,185 8,508 10,145 114,838 Total $ 304,635 $ 10,554 $ 22,184 $ 337,373 December 31, 2017 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 64,993 $ 934 $ 7,646 $ 73,573 Nonowner-occupied 93,197 3,776 4,598 101,571 Construction 37,735 156 411 38,302 Commercial and industrial 91,097 6,058 9,934 107,089 Total $ 287,022 $ 10,924 $ 22,589 $ 320,535 The Company also obtains the credit scores of its borrowers upon origination (if available by the credit bureau), but the scores are not not 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 June 30, 2018 December 31, 2017: June 30, 2018 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 68,244 $ 21,945 $ 48,378 $ 298,147 $ 436,714 Nonperforming 202 295 225 7,171 7,893 Total $ 68,446 $ 22,240 $ 48,603 $ 305,318 $ 444,607 December 31, 2017 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 68,413 $ 21,148 $ 49,362 $ 303,126 $ 442,049 Nonperforming 213 283 202 6,037 6,735 Total $ 68,626 $ 21,431 $ 49,564 $ 309,163 $ 448,784 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 4.78% June 30, 2018, 4.86% December 31, 2017. |
Note 5 - Financial Instruments
Note 5 - Financial Instruments With Off-balance Sheet Risk | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
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 June 30, 2018, $75,203, $68,859 December 31, 2017. not |
Note 6 - Other Borrowed Funds
Note 6 - Other Borrowed Funds | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | NOTE 6 - OTHER BORROWED FUNDS Other borrowed funds at June 30, 2018 December 31, 2017 June 30, 2018, December 31, 2017, $17 $29 FHLB Borrowings Promissory Notes Totals June 30, 2018 $ 34,913 $ 6,530 $ 41,443 December 31, 2017 $ 28,625 $ 7,324 $ 35,949 Pursuant to collateral agreements with the FHLB, advances were secured by $296,055 $74,273 $5,365 June 30, 2018. $34,905 2042 1.53% 3.31% 2.37%. no June 30, 2018. At June 30, 2018, $80,000 90 $80,000 June 30, 2018. 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 $233,427 June 30, 2018. $149,521 $80,000 Promissory notes, issued primarily by Ohio Valley, are due at various dates through a final maturity date of August 1, 2026, 1.50% 4.09% August 1, 2021 2.85% June 30, 2018, 2.77% December 31, 2017. $360 June 30, 2018, December 31, 2017. $2,703 June 30, 2018, $3,440 December 31, 2017. Letters of credit issued on the Bank's behalf by the FHLB to collateralize certain public unit deposits as required by law totaled $49,000 June 30, 2018 $60,000 December 31, 2017. Scheduled principal payments as of June 30, 2018: FHLB Borrowings Promissory Notes Totals 2018 $ 1,846 $ 782 $ 2,628 2019 3,651 3,290 6,941 2020 3,380 1,068 4,448 2021 3,000 565 3,565 2022 2,841 588 3,429 Thereafter 20,195 237 20,432 $ 34,913 $ 6,530 $ 41,443 |
Note 7 - Segment Information
Note 7 - Segment Information | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
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 91.3% 90.8% June 30, 2018 2017, The accounting policies used for the Company's reportable segments are the same as those described in Note 1 Information for the Company’s reportable segments is as follows: Three Months Ended June 30, 2018 Banking Consumer Finance Total Company Net interest income $ 10,032 $ 608 $ 10,640 Provision expense ---- (23 ) (23 ) Noninterest income 2,369 169 2,538 Noninterest expense 9,061 613 9,674 Tax expense 512 39 551 Net income 2,828 148 2,976 Assets 1,014,033 11,331 1,025,364 Three Months Ended June 30, 2017 Banking Consumer Finance Total Company Net interest income $ 9,487 $ 584 $ 10,071 Provision expense 175 ---- 175 Noninterest income 1,962 150 2,112 Noninterest expense 9,316 560 9,876 Tax expense 332 59 391 Net income 1,626 115 1,741 Assets 968,864 11,292 980,156 Six Months Ended June 30, 2018 Banking Consumer Finance Total Company Net interest income $ 20,121 $ 2,029 $ 22,150 Provision expense 600 133 733 Noninterest income 5,041 573 5,614 Noninterest expense 18,129 1,353 19,482 Tax expense 973 234 1,207 Net income 5,460 882 6,342 Assets 1,014,033 11,331 1,025,364 Six Months Ended June 30, 2017 Banking Consumer Finance Total Company Net interest income $ 18,877 $ 2,059 $ 20,936 Provision expense 200 120 320 Noninterest income 4,741 484 5,225 Noninterest expense 17,898 1,353 19,251 Tax expense 1,269 363 1,632 Net income 4,251 707 4,958 Assets 968,864 11,292 980,156 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | BASIS OF PRESENTATION : one 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 June 30, 2018, three six June 30, 2018 not December 31, 2018. not December 31, 2017 The consolidated financial statements for 2017 2018. no |
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: two |
Earnings Per Share, Policy [Policy Text Block] | EARNINGS PER SHARE : 4,724,124 4,681,763 three June 30, 2018 2017, 4,717,901 4,677,066 six June 30, 2018 2017, no no |
New Accounting Pronouncements, Policy [Policy Text Block] | ADOPTION OF NEW ACCOUNTING STANDARD UPDATES (“ASU”) : May 2014, No. 2014 09, January 1, 2018 606” 606 five not 606 December 31, 2017, no no 2018. In January 2016, No. 2016 01, December 15, 2017, 1 2 3 4 No. 2016 01 January 1, 2018 not 2. In August 2016, 2016 15, 230 eight not December 15, 2017, 2016 15 January 1, 2018, no In February 2018, 2018 02, December, 22, 2017. December 15, 2018, April 1, 2018. $173 June 30, 2018 10 Revenue Recognition ASU No. 2014 09, 606 five not 606. 606 not 606 606 606, ● Service charges on deposit accounts ● Trust fees ● Electronic refund check/deposit fees third ● Debit/credit card interchange income ● Gain (loss) on other real estate owned All of the Company’s revenue from contracts with customers within the scope of ASC 606 no ACCOUNTING GUIDANCE TO BE ADOPTED IN FUTURE PERIODS: June 2016, No. 2016 13, 2016 13 December 15, 2019. December 15, 2018. |
Note 2 - Fair Value of Financ17
Note 2 - Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Fair Value Measurements at June 30, 2018 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 ---- $ 14,588 ---- Agency mortgage-backed securities, residential ---- 85,577 ---- Interest rate swap derivatives ---- 74 ---- Interest rate swap derivatives ---- (74 ) ---- Fair Value Measurements at December 31, 2017 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 ---- $ 13,473 ---- Agency mortgage-backed securities, residential ---- 87,652 ---- Interest rate swap derivatives ---- 59 ---- Interest rate swap derivatives ---- (59 ) ---- Fair Value Measurements at June 30, 2018, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Other real estate owned: Commercial real estate: Construction ---- ---- $ 822 Fair Value Measurements at December 31, 2017, 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: Nonowner-occupied ---- ---- $ 216 Construction ---- ---- 756 Other real estate owned: Commercial real estate: Construction ---- ---- 822 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | June 30, 2018 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Other real estate owned: Commercial real estate: Construction $ 822 Sales approach Adjustment to comparables 5% to 40% 18.1% December 31, 2017 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Impaired loans: Commercial real estate: Nonowner-occupied $ 216 Sales approach Adjustment to comparables 1.6% to 50% 26.7% Construction 756 Sales approach Adjustment to comparables 1.3% to 56% 32.9% Other real estate owned: Commercial real estate: Construction 822 Sales approach Adjustment to comparables 5% to 40% 18.1% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at June 30, 2018 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 63,191 $ 63,191 $ ---- $ ---- $ 63,191 Certificates of deposit in financial institutions 1,820 ---- 1,820 ---- 1,820 Securities available for sale 100,165 ---- 100,165 ---- 100,165 Securities held to maturity 17,313 ---- 8,848 8,904 17,752 Restricted investments in bank stocks 7,506 N/A N/A N/A N/A Loans, net 774,341 ---- ---- 771,669 771,669 Accrued interest receivable 2,548 ---- 313 2,235 2,548 Financial liabilities: Deposits 846,335 243,090 601,855 ---- 844,945 Other borrowed funds 41,443 ---- 39,264 ---- 39,264 Subordinated debentures 8,500 ---- 6,602 ---- 6,602 Accrued interest payable 1,017 3 1,014 ---- 1,017 Fair Value Measurements at December 31, 2017 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 74,573 $ 74,573 $ ---- $ ---- $ 74,573 Certificates of deposit in financial institutions 1,820 ---- 1,820 ---- 1,820 Securities available for sale 101,125 ---- 101,125 ---- 101,125 Securities held to maturity 17,581 ---- 9,020 9,059 18,079 Restricted investments in bank stocks 7,506 N/A N/A N/A N/A Loans, net 761,820 ---- ---- 760,746 760,746 Accrued interest receivable 2,503 ---- 268 2,235 2,503 Financial liabilities: Deposits 856,724 253,655 602,268 ---- 855,923 Other borrowed funds 35,949 ---- 34,810 ---- 34,810 Subordinated debentures 8,500 ---- 6,678 ---- 6,678 Accrued interest payable 792 4 788 ---- 792 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | Securities Available for Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value June 30, 2018 U.S. Government sponsored entity securities $ 14,888 $ 6 $ (306 ) $ 14,588 Agency mortgage-backed securities, residential 88,581 100 (3,104 ) 85,577 Total securities $ 103,469 $ 106 $ (3,410 ) $ 100,165 December 31, 201 7 U.S. Government sponsored entity securities $ 13,622 $ ---- $ (149 ) $ 13,473 Agency mortgage-backed securities, residential 88,833 300 (1,481 ) 87,652 Total securities $ 102,455 $ 300 $ (1,630 ) $ 101,125 |
Debt Securities, Held-to-maturity [Table Text Block] | Securities Held to Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Estimated Fair Value June 30, 2018 Obligations of states and political subdivisions $ 17,310 $ 534 $ (95 ) $ 17,749 Agency mortgage-backed securities, residential 3 ---- ---- 3 Total securities $ 17,313 $ 534 $ (95 ) $ 17,752 December 31, 201 7 Obligations of states and political subdivisions $ 17,577 $ 533 $ (35 ) $ 18,075 Agency mortgage-backed securities, residential 4 ---- ---- 4 Total securities $ 17,581 $ 533 $ (35 ) $ 18,079 |
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 $ ---- $ ---- $ 2,128 $ 2,148 Due in over one to five years 14,888 14,588 5,814 5,994 Due in over five to ten years ---- ---- 7,109 7,419 Due after ten years ---- ---- 2,259 2,188 Agency mortgage-backed securities, residential 88,581 85,577 3 3 Total debt securities $ 103,469 $ 100,165 $ 17,313 $ 17,752 |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30 , 2018 Less Than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Government sponsored entity securities $ 5,843 $ (145 ) $ 4,779 $ (161 ) $ 10,622 $ (306 ) Agency mortgage-backed securities, residential 48,776 (1,399 ) 28,876 (1,705 ) 77,652 (3,104 ) Total available for sale $ 54,619 $ (1,544 ) $ 33,655 $ (1,866 ) $ 88,274 $ (3,410 ) December 31, 201 7 Less Than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Government sponsored entity securities $ 6,910 $ (97 ) $ 6,563 $ (52 ) $ 13,473 $ (149 ) Agency mortgage-backed securities, residential 37,421 (434 ) 31,763 (1,047 ) 69,184 (1,481 ) Total available for sale $ 44,331 $ (531 ) $ 38,326 $ (1,099 ) $ 82,657 $ (1,630 ) |
Held-to-maturity Securities [Member] | |
Notes Tables | |
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 $ 1,457 $ (4 ) $ 1,440 $ (91 ) $ 2,897 $ (95 ) Total held to maturity $ 1,457 $ (4 ) $ 1,440 $ (91 ) $ 2,897 $ (95 ) 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 $ 362 $ (2 ) $ 1,502 $ (33 ) $ 1,864 $ (35 ) Total held to maturity $ 362 $ (2 ) $ 1,502 $ (33 ) $ 1,864 $ (35 ) |
Note 4 - Loans and Allowance 19
Note 4 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Loans are comprised of the following: June 30, December 31, 2018 2017 Residential real estate $ 305,318 $ 309,163 Commercial real estate: Owner-occupied 66,171 73,573 Nonowner-occupied 116,476 101,571 Construction 39,888 38,302 Commercial and industrial 114,838 107,089 Consumer: Automobile 68,446 68,626 Home equity 22,240 21,431 Other 48,603 49,564 781,980 769,319 Less: Allowance for loan losses (7,639 ) (7,499 ) Loans, net $ 774,341 $ 761,820 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | June 30, 2018 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 2,059 $ 2,423 $ 1,373 $ 2,141 $ 7,996 Provision for loan losses (14 ) (82 ) (317 ) 390 (23 ) Loans charged off (177 ) ---- ---- (574 ) (751 ) Recoveries 18 51 186 162 417 Total ending allowance balance $ 1,886 $ 2,392 $ 1,242 $ 2,119 $ 7,639 June 30, 2017 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,392 $ 2,729 $ 1,360 $ 1,834 $ 7,315 Provision for loan losses (68 ) (89 ) (35 ) 367 175 Loans charged-off (73 ) (53 ) (399 ) (384 ) (909 ) Recoveries 49 226 6 90 371 Total ending allowance balance $ 1,300 $ 2,813 $ 932 $ 1,907 $ 6,952 June 30, 2018 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,470 $ 2,978 $ 1,024 $ 2,027 $ 7,499 Provision for loan losses 580 (663 ) (1 ) 817 733 Loans charged off (237 ) (1 ) (4 ) (1,096 ) (1,338 ) Recoveries 73 78 223 371 745 Total ending allowance balance $ 1,886 $ 2,392 $ 1,242 $ 2,119 $ 7,639 June 30, 2017 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 939 $ 4,315 $ 907 $ 1,538 $ 7,699 Provision for loan losses 377 (1,176 ) 350 769 320 Loans charged-off (146 ) (612 ) (403 ) (705 ) (1,866 ) Recoveries 130 286 78 305 799 Total ending allowance balance $ 1,300 $ 2,813 $ 932 $ 1,907 $ 6,952 |
Allowance For Loan Losses And The Recorded Investment Of Loans [Table Text Block] | June 30, 2018 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 $ ---- $ 90 $ ---- $ ---- $ 90 Collectively evaluated for impairment 1,886 2,302 1,242 2,119 7,549 Total ending allowance balance $ 1,886 $ 2,392 $ 1,242 $ 2,119 $ 7,639 Loans: Loans individually evaluated for impairment $ 1,627 $ 5,593 $ 9,037 $ ---- $ 16,257 Loans collectively evaluated for impairment 303,691 216,942 105,801 139,289 765,723 Total ending loans balance $ 305,318 $ 222,535 $ 114,838 $ 139,289 $ 781,980 December 31, 2017 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 $ ---- $ 94 $ ---- $ ---- $ 94 Collectively evaluated for impairment 1,470 2,884 1,024 2,027 7,405 Total ending allowance balance $ 1,470 $ 2,978 $ 1,024 $ 2,027 $ 7,499 Loans: Loans individually evaluated for impairment $ 1,420 $ 7,333 $ 9,154 $ 201 $ 18,108 Loans collectively evaluated for impairment 307,743 206,113 97,935 139,420 751,211 Total ending loans balance $ 309,163 $ 213,446 $ 107,089 $ 139,621 $ 769,319 |
Schedule of Loans Individually Evaluated for Impairment [Table Text Block] | June 30, 2018 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Commercial real estate: Nonowner-occupied $ 366 $ 366 $ 90 With no related allowance recorded: Residential real estate 1,688 1,627 ---- Commercial real estate: Owner-occupied 2,451 2,451 ---- Nonowner-occupied 4,198 2,776 ---- Construction 344 ---- ---- Commercial and industrial 9,037 9,037 ---- Total $ 18,084 $ 16,257 $ 90 December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Commercial real estate: Nonowner-occupied $ 372 $ 372 $ 94 With no related allowance recorded: Residential real estate 1,420 1,420 ---- Commercial real estate: Owner-occupied 3,427 3,427 ---- Nonowner-occupied 4,989 3,534 ---- Construction 352 ---- ---- Commercial and industrial 9,154 9,154 ---- Consumer: ---- Home equity 203 201 ---- Total $ 19,917 $ 18,108 $ 94 Three months ended June 30, 2018 Six months ended June 30, 2018 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Commercial real estate: Nonowner-occupied $ 368 $ 7 $ 7 $ 370 $ 8 $ 8 With no related allowance recorded: Residential real estate 1,653 11 11 1,575 30 30 Commercial real estate: Owner-occupied 2,465 36 36 2,478 69 69 Nonowner-occupied 3,037 16 16 3,131 37 37 Construction ---- 5 5 ---- 10 10 Commercial and industrial 8,615 107 107 8,794 232 232 Total $ 16,138 $ 182 $ 182 $ 16,348 $ 386 $ 386 Three months ended June 30, 2017 Six months ended June 30, 2017 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Commercial real estate: Nonowner-occupied $ 379 $ 5 $ 5 $ 380 $ 14 $ 14 Consumer: Home equity 209 2 2 210 5 5 With no related allowance recorded: Residential real estate 1,028 12 12 992 20 20 Commercial real estate: Owner-occupied 2,836 36 36 2,921 120 120 Nonowner-occupied 3,779 21 21 3,730 74 74 Construction 487 5 5 501 108 108 Commercial and industrial 8,990 100 100 8,815 290 290 Total $ 17,708 $ 181 $ 181 $ 17,549 $ 631 $ 631 |
Schedule of Recorded Investment In Nonaccrual Loans [Table Text Block] | June 30, 2018 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 188 $ 6,983 Commercial real estate: Owner-occupied ---- 641 Nonowner-occupied ---- 1,977 Construction ---- 397 Commercial and industrial 21 386 Consumer: Automobile 135 67 Home equity ---- 295 Other 127 98 Total $ 471 $ 10,844 December 31, 2017 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 131 $ 5,906 Commercial real estate: Owner-occupied ---- 476 Nonowner-occupied ---- 2,454 Construction ---- 444 Commercial and industrial ---- 337 Consumer: Automobile 127 86 Home equity ---- 283 Other 76 126 Total $ 334 $ 10,112 |
Past Due Financing Receivables [Table Text Block] | June 30, 2018 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 $ 2,599 $ 742 $ 1,950 $ 5,291 $ 300,027 $ 305,318 Commercial real estate: Owner-occupied 274 23 290 587 65,584 66,171 Nonowner-occupied 617 ---- 1,775 2,392 114,084 116,476 Construction 174 ---- 157 331 39,557 39,888 Commercial and industrial 404 71 194 669 114,169 114,838 Consumer: Automobile 1,004 224 158 1,386 67,060 68,446 Home equity 289 34 92 415 21,825 22,240 Other 555 217 147 919 47,684 48,603 Total $ 5,916 $ 1,311 $ 4,763 $ 11,990 $ 769,990 $ 781,980 December 31, 2017 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 $ 5,383 $ 671 $ 1,673 $ 7,727 $ 301,436 $ 309,163 Commercial real estate: Owner-occupied 194 161 160 515 73,058 73,573 Nonowner-occupied 140 ---- 2,238 2,378 99,193 101,571 Construction ---- ---- 169 169 38,133 38,302 Commercial and industrial 303 243 191 737 106,352 107,089 Consumer: Automobile 1,257 346 151 1,754 66,872 68,626 Home equity 90 272 27 389 21,042 21,431 Other 865 218 76 1,159 48,405 49,564 Total $ 8,232 $ 1,911 $ 4,685 $ 14,828 $ 754,491 $ 769,319 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | June 30, 2018 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s Residential real estate: Interest only payments $ 685 $ ---- $ 685 Commercial real estate: Owner-occupied Interest only payments 997 ---- 997 Reduction of principal and interest payments 541 ---- 541 Maturity extension at lower stated rate than market rate 507 ---- 507 Credit extension at lower stated rate than market rate 406 ---- 406 Nonowner-occupied Interest only payments 487 1,498 1,985 Rate reduction 366 ---- 366 Credit extension at lower stated rate than market rate 564 ---- 564 Commercial and industrial: Interest only payments 8,737 ---- 8,737 Total TDR’s $ 13,290 $ 1,498 $ 14,788 December 31, 2017 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s Residential real estate: Interest only payments $ 697 $ ---- $ 697 Commercial real estate: Owner-occupied Interest only payments 997 ---- 997 Reduction of principal and interest payments 554 ---- 554 Maturity extension at lower stated rate than market rate 1,466 ---- 1,466 Credit extension at lower stated rate than market rate 410 ---- 410 Nonowner-occupied Interest only payments 560 1,961 2,521 Rate reduction 372 ---- 372 Credit extension at lower stated rate than market rate 570 ---- 570 Commercial and industrial: Interest only payments 9,154 ---- 9,154 Consumer: Home equity Maturity extension at lower stated rate than market rate ---- 201 201 Total TDR’s $ 14,780 $ 2,162 $ 16,942 |
Troubled Debt Restructurings on Financing Receivables Pre And Post Modification [Table Text Block] | TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Three months ended June 30, 2017 Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Residential real estate Maturity extension at lower stated rate than market rate 1 $ 231 $ 231 $ ---- $ ---- Commercial and industrial Maturity extension at lower stated rate than market rate 2 770 770 ---- ---- Total TDR’s 3 $ 1,001 $ 1,001 $ ---- $ ---- TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Six months ended June 30, 2017 Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Residential real estate Maturity extension at lower stated rate than market rate 1 $ 231 $ 231 $ ---- $ ---- Commercial and industrial Maturity extension at lower stated rate than market rate 2 770 770 ---- ---- Total TDR’s 3 $ 1,001 $ 1,001 $ ---- $ ---- |
Financing Receivable Credit Quality Indicators [Table Text Block] | June 30, 2018 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 56,810 $ 1,057 $ 8,304 $ 66,171 Nonowner-occupied 112,057 855 3,564 116,476 Construction 39,583 134 171 39,888 Commercial and industrial 96,185 8,508 10,145 114,838 Total $ 304,635 $ 10,554 $ 22,184 $ 337,373 December 31, 2017 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 64,993 $ 934 $ 7,646 $ 73,573 Nonowner-occupied 93,197 3,776 4,598 101,571 Construction 37,735 156 411 38,302 Commercial and industrial 91,097 6,058 9,934 107,089 Total $ 287,022 $ 10,924 $ 22,589 $ 320,535 |
Performing and Nonperforming Loans [Table Text Block] | June 30, 2018 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 68,244 $ 21,945 $ 48,378 $ 298,147 $ 436,714 Nonperforming 202 295 225 7,171 7,893 Total $ 68,446 $ 22,240 $ 48,603 $ 305,318 $ 444,607 December 31, 2017 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 68,413 $ 21,148 $ 49,362 $ 303,126 $ 442,049 Nonperforming 213 283 202 6,037 6,735 Total $ 68,626 $ 21,431 $ 49,564 $ 309,163 $ 448,784 |
Note 6 - Other Borrowed Funds (
Note 6 - Other Borrowed Funds (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | FHLB Borrowings Promissory Notes Totals June 30, 2018 $ 34,913 $ 6,530 $ 41,443 December 31, 2017 $ 28,625 $ 7,324 $ 35,949 |
Schedule of Maturities of Long-term Debt [Table Text Block] | FHLB Borrowings Promissory Notes Totals 2018 $ 1,846 $ 782 $ 2,628 2019 3,651 3,290 6,941 2020 3,380 1,068 4,448 2021 3,000 565 3,565 2022 2,841 588 3,429 Thereafter 20,195 237 20,432 $ 34,913 $ 6,530 $ 41,443 |
Note 7 - Segment Information (T
Note 7 - Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended June 30, 2018 Banking Consumer Finance Total Company Net interest income $ 10,032 $ 608 $ 10,640 Provision expense ---- (23 ) (23 ) Noninterest income 2,369 169 2,538 Noninterest expense 9,061 613 9,674 Tax expense 512 39 551 Net income 2,828 148 2,976 Assets 1,014,033 11,331 1,025,364 Three Months Ended June 30, 2017 Banking Consumer Finance Total Company Net interest income $ 9,487 $ 584 $ 10,071 Provision expense 175 ---- 175 Noninterest income 1,962 150 2,112 Noninterest expense 9,316 560 9,876 Tax expense 332 59 391 Net income 1,626 115 1,741 Assets 968,864 11,292 980,156 Six Months Ended June 30, 2018 Banking Consumer Finance Total Company Net interest income $ 20,121 $ 2,029 $ 22,150 Provision expense 600 133 733 Noninterest income 5,041 573 5,614 Noninterest expense 18,129 1,353 19,482 Tax expense 973 234 1,207 Net income 5,460 882 6,342 Assets 1,014,033 11,331 1,025,364 Six Months Ended June 30, 2017 Banking Consumer Finance Total Company Net interest income $ 18,877 $ 2,059 $ 20,936 Provision expense 200 120 320 Noninterest income 4,741 484 5,225 Noninterest expense 17,898 1,353 19,251 Tax expense 1,269 363 1,632 Net income 4,251 707 4,958 Assets 968,864 11,292 980,156 |
Note 1 - Summary of Significa22
Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018USD ($)shares | Jun. 30, 2017shares | Jun. 30, 2018shares | Jun. 30, 2017shares | |
Number of Reportable Segments | 2 | |||
Weighted Average Number of Shares Outstanding, Basic, Total | 4,724,124 | 4,681,763 | 4,717,901 | 4,677,066 |
Weighted Average Number Diluted Shares Outstanding Adjustment, Total | 0 | 0 | ||
Accounting Standards Update 2018-02 [Member] | ||||
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect | $ | $ 173 |
Note 2 - Fair Value of Financ23
Note 2 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Selling Costs, Percentage | 10.00% | ||||
Impaired Financing Receivable, Related Allowance | $ 90 | $ 90 | $ 94 | ||
Other Real Estate, Ending Balance | 822 | 822 | 822 | ||
Other Real Estate, Gross | 2,217 | 2,217 | 2,217 | ||
Real Estate Owned, Valuation Allowance, Ending Balance | 1,395 | 1,395 | 1,395 | ||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Write-down or Reserve, Amount | 0 | $ 0 | 0 | $ 0 | |
Collateral Dependent Loans [Member] | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 972 | ||
Provision for Loan Losses Expensed | $ 0 | 0 | 221 | 0 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | $ 1,011 | 0 | |
Impaired Financing Receivable, Related Allowance | $ 0 |
Note 2 - Fair Value of Financ24
Note 2 - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Derivative Financial Instruments, Liabilities [Member] | ||
Liabilities, fair value | ||
Fair Value, Inputs, Level 1 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 1 [Member] | Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 1 [Member] | Derivative Financial Instruments, Assets [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Derivative Financial Instruments, Liabilities [Member] | ||
Liabilities, fair value | (74) | (59) |
Fair Value, Inputs, Level 2 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets, fair value | 14,588,000 | 13,473,000 |
Fair Value, Inputs, Level 2 [Member] | Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets, fair value | 85,577,000 | 87,652,000 |
Fair Value, Inputs, Level 2 [Member] | Derivative Financial Instruments, Assets [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ||
Assets, fair value | 74 | 59 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Derivative Financial Instruments, Liabilities [Member] | ||
Liabilities, fair value | ||
Fair Value, Inputs, Level 3 [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Assets, fair value | 822,000 | 822,000 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Assets, fair value | 756,000 | |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Assets, fair value | 216,000 | |
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets, fair value | ||
Fair Value, Inputs, Level 3 [Member] | Derivative Financial Instruments, Assets [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ||
Assets, fair value |
Note 2 - Fair Value of Financ25
Note 2 - Fair Value of Financial Instruments - Level 3 Fair Value Measurements (Details) $ in Thousands | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Other Real Estate Owned, Fair Value | $ 822 | $ 822 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Valuation, Market Approach [Member] | Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Other Real Estate Owned, Fair Value | $ 822 | 822 |
Impaired Loans, Fair Value | $ 756 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Valuation, Market Approach [Member] | Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Comparability Adjustment [Member] | Minimum [Member] | ||
Other Real Estate Owned, Measurement Input | 0.05 | 0.05 |
Impaired Loans, Measurement Input | 0.013 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Valuation, Market Approach [Member] | Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Comparability Adjustment [Member] | Maximum [Member] | ||
Other Real Estate Owned, Measurement Input | 0.4 | 0.4 |
Impaired Loans, Measurement Input | 0.56 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Valuation, Market Approach [Member] | Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Comparability Adjustment [Member] | Weighted Average [Member] | ||
Other Real Estate Owned, Measurement Input | 0.181 | 0.181 |
Impaired Loans, Measurement Input | 0.329 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Valuation, Market Approach [Member] | Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Impaired Loans, Fair Value | $ 216 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Valuation, Market Approach [Member] | Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Comparability Adjustment [Member] | Minimum [Member] | ||
Impaired Loans, Measurement Input | 0.016 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Valuation, Market Approach [Member] | Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Comparability Adjustment [Member] | Maximum [Member] | ||
Impaired Loans, Measurement Input | 0.5 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | Valuation, Market Approach [Member] | Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Comparability Adjustment [Member] | Weighted Average [Member] | ||
Impaired Loans, Measurement Input | 0.267 |
Note 2 - Fair Value of Financ26
Note 2 - Fair Value of Financial Instruments - Fair Value Measurements (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities held to maturity | $ 17,752 | $ 18,079 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 63,191 | 74,573 |
Certificates of deposit in financial institutions | 1,820 | 1,820 |
Securities available for sale | 100,165 | 101,125 |
Securities held to maturity | 17,313 | 17,581 |
Restricted investments in bank stocks | 7,506 | 7,506 |
Loans, net | 774,341 | 761,820 |
Accrued interest receivable | 2,548 | 2,503 |
Deposits | 846,335 | 856,724 |
Other borrowed funds | 41,443 | 35,949 |
Subordinated debentures | 8,500 | 8,500 |
Accrued interest payable | 1,017 | 792 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 63,191 | 74,573 |
Certificates of deposit in financial institutions | 1,820 | 1,820 |
Securities available for sale | 100,165 | 101,125 |
Securities held to maturity | 17,752 | 18,079 |
Restricted investments in bank stocks | ||
Loans, net | 771,669 | 760,746 |
Accrued interest receivable | 2,548 | 2,503 |
Deposits | 844,945 | 855,923 |
Other borrowed funds | 39,264 | 34,810 |
Subordinated debentures | 6,602 | 6,678 |
Accrued interest payable | 1,017 | 792 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 63,191 | 74,573 |
Certificates of deposit in financial institutions | ||
Securities available for sale | ||
Securities held to maturity | ||
Restricted investments in bank stocks | ||
Loans, net | ||
Accrued interest receivable | ||
Deposits | 243,090 | 253,655 |
Other borrowed funds | ||
Subordinated debentures | ||
Accrued interest payable | 3 | 4 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Certificates of deposit in financial institutions | 1,820 | 1,820 |
Securities available for sale | 100,165 | 101,125 |
Securities held to maturity | 8,848 | 9,020 |
Restricted investments in bank stocks | ||
Loans, net | ||
Accrued interest receivable | 313 | 268 |
Deposits | 601,855 | 602,268 |
Other borrowed funds | 39,264 | 34,810 |
Subordinated debentures | 6,602 | 6,678 |
Accrued interest payable | 1,014 | 788 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Certificates of deposit in financial institutions | ||
Securities available for sale | ||
Securities held to maturity | 8,904 | 9,059 |
Restricted investments in bank stocks | ||
Loans, net | 771,669 | 760,746 |
Accrued interest receivable | 2,235 | 2,235 |
Deposits | ||
Other borrowed funds | ||
Subordinated debentures | ||
Accrued interest payable |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Proceeds from Sale of Debt Securities, Available-for-sale | $ 0 | $ 0 | $ 0 | $ 0 | |
Other than Temporary Impairment Losses, Investments, Total | $ 0 | $ 0 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities available for sale, amortized cost | $ 103,469 | $ 102,455 |
Securities available for sale, gross unrealized gains | 106 | 300 |
Securities available for sale, gross unrealized losses | (3,410) | (1,630) |
Securities available for sale | 100,165 | 101,125 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities available for sale, amortized cost | 14,888 | 13,622 |
Securities available for sale, gross unrealized gains | 6 | |
Securities available for sale, gross unrealized losses | (306) | (149) |
Securities available for sale | 14,588 | 13,473 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale, amortized cost | 88,581 | 88,833 |
Securities available for sale, gross unrealized gains | 100 | 300 |
Securities available for sale, gross unrealized losses | (3,104) | (1,481) |
Securities available for sale | $ 85,577 | $ 87,652 |
Note 3 - Securities - Securit29
Note 3 - Securities - Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities held to maturity, amortized cost | $ 17,313 | $ 17,581 |
Securities held to maturity, gross unrecognized gains | 534 | 533 |
Securities held to maturity, gross unrecognized losses | (95) | (35) |
Securities held to maturity | 17,752 | 18,079 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities held to maturity, amortized cost | 17,310 | 17,577 |
Securities held to maturity, gross unrecognized gains | 534 | 533 |
Securities held to maturity, gross unrecognized losses | (95) | (35) |
Securities held to maturity | 17,749 | 18,075 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities held to maturity, amortized cost | 3 | 4 |
Securities held to maturity, gross unrecognized gains | ||
Securities held to maturity, gross unrecognized losses | ||
Securities held to maturity | $ 3 | $ 4 |
Note 3 - Securities - Securit30
Note 3 - Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Due in one year or less, available for sale, amortized cost | ||
Due in one year or less, available for sale, fair value | ||
Due in one year or less, held to maturity, amortized cost | 2,128 | |
Due in one year or less, held to maturity, fair value | 2,148 | |
Due in over one to five years, available for sale, amortized cost | 14,888 | |
Due in over one to five years, available for sale, fair value | 14,588 | |
Due in over one to five years, held to maturity, amortized cost | 5,814 | |
Due in over one to five years, held to maturity, fair value | 5,994 | |
Due in over five to ten years, available for sale, amortized cost | ||
Due in over five to ten years, available for sale, fair value | ||
Due in over five to ten years, held to maturity, amortized cost | 7,109 | |
Due in over five to ten years, held to maturity, fair value | 7,419 | |
Due after ten years, available for sale, amortized cost | ||
Due after ten years, available for sale, fair value | ||
Due after ten years, held to maturity, amortized cost | 2,259 | |
Due after ten years, held to maturity, fair value | 2,188 | |
Agency mortgage-backed securities, residential, available for sale, amortized cost | 88,581 | |
Agency mortgage-backed securities, residential, available for sale, fair value | 85,577 | |
Agency mortgage-backed securities, residential, held to maturity, amortized cost | 3 | |
Agency mortgage-backed securities, residential, held to maturity, fair value | 3 | |
Total debt securities, available for sale, amortized cost | 103,469 | $ 102,455 |
Total debt securities, available for sale, fair value | 100,165 | 101,125 |
Total debt securities, held to maturity, amortized cost | 17,313 | 17,581 |
Total debt securities, held to maturity, fair value | $ 17,752 | $ 18,079 |
Note 3 - Securities - Securit31
Note 3 - Securities - Securities Available-for-sale With Unrealized Losses (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Less than 12 Months - Fair Value | $ 54,619 | $ 44,331 |
Less than 12 Months - Unrealized Loss | (1,544) | (531) |
12 Months or More - Fair Value | 33,655 | 38,326 |
12 Months or More - Unrealized Loss | (1,866) | (1,099) |
Fair Value | 88,274 | 82,657 |
Unrealized Loss | (3,410) | (1,630) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Less than 12 Months - Fair Value | 5,843 | 6,910 |
Less than 12 Months - Unrealized Loss | (145) | (97) |
12 Months or More - Fair Value | 4,779 | 6,563 |
12 Months or More - Unrealized Loss | (161) | (52) |
Fair Value | 10,622 | 13,473 |
Unrealized Loss | (306) | (149) |
Mortgage-backed Securities, Issued by Private Enterprises [Member] | ||
Less than 12 Months - Fair Value | 48,776 | 37,421 |
Less than 12 Months - Unrealized Loss | (1,399) | (434) |
12 Months or More - Fair Value | 28,876 | 31,763 |
12 Months or More - Unrealized Loss | (1,705) | (1,047) |
Fair Value | 77,652 | 69,184 |
Unrealized Loss | $ (3,104) | $ (1,481) |
Note 3 - Securities - Securit32
Note 3 - Securities - Securities Held to Maturity With Unrealized Losses (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Less Than 12 Months - Fair Value | $ 1,457 | $ 362 |
Less Than 12 Months - Unrecognized Loss | (4) | (2) |
12 Months or More - Fair Value | 1,440 | 1,502 |
12 Months or More - Unrecognized Loss | (91) | (33) |
Fair Value | 2,897 | 1,864 |
Unrecognized Loss | (95) | (35) |
US States and Political Subdivisions Debt Securities [Member] | ||
Less Than 12 Months - Fair Value | 1,457 | 362 |
Less Than 12 Months - Unrecognized Loss | (4) | (2) |
12 Months or More - Fair Value | 1,440 | 1,502 |
12 Months or More - Unrecognized Loss | (91) | (33) |
Fair Value | 2,897 | 1,864 |
Unrecognized Loss | $ (95) | $ (35) |
Note 4 - Loans and Allowance 33
Note 4 - Loans and Allowance for Loan Losses (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018USD ($) | Jun. 30, 2017 | Jun. 30, 2018USD ($) | Jun. 30, 2017 | Dec. 31, 2017USD ($) | |
Increase (Decrease) in Other Loans | $ (2,154) | ||||
Change In Troubled Debt Restructurings | 12.70% | ||||
Impaired Financing Receivable, Related Allowance | $ 90 | $ 90 | $ 94 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 1,263 | $ 1,263 | 846 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 3 | 0 | 3 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Minimum Loan Balance For Loans Evaluated by Risk Categories | $ 500 | $ 500 | |||
Troubled Debt Restructurings [Member] | |||||
Impaired Financing Receivable, Related Allowance | $ 90 | $ 90 | $ 94 | ||
Unsecured [Member] | |||||
Percentage of Loan Portfolio | 4.78% | 4.78% | 4.86% | ||
Residential Portfolio Segment [Member] | |||||
Real Estate Acquired Through Foreclosure | $ 436 | $ 436 | $ 262 | ||
Mortgage Loans in Process of Foreclosure, Amount | $ 1,969 | $ 1,969 | $ 2,410 |
Note 4 - Loans and Allowance 34
Note 4 - Loans and Allowance for Loan Losses - Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans | $ 781,980 | $ 769,319 |
Less: Allowance for loan losses | (7,639) | (7,499) |
Loans, net | 774,341 | 761,820 |
Residential Portfolio Segment [Member] | ||
Loans | 305,318 | 309,163 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 222,535 | 213,446 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans | 66,171 | 73,573 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans | 116,476 | 101,571 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 39,888 | 38,302 |
Commercial and Industrial Portfolio Segment [Member] | ||
Loans | 114,838 | 107,089 |
Consumer Portfolio Segment [Member] | ||
Loans | 139,289 | 139,621 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans | 68,446 | 68,626 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans | 22,240 | 21,431 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans | $ 48,603 | $ 49,564 |
Note 4 - Loans and Allowance 35
Note 4 - Loans and Allowance for Loan Losses - Allowance for Loan Losses Activity by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Balance | $ 7,996 | $ 7,315 | $ 7,499 | $ 7,699 |
Provision for loan losses | (23) | 175 | 733 | 320 |
Loans charged off | (751) | (909) | (1,338) | (1,866) |
Recoveries | 417 | 371 | 745 | 799 |
Balance | 7,639 | 6,952 | 7,639 | 6,952 |
Residential Portfolio Segment [Member] | ||||
Balance | 2,059 | 1,392 | 1,470 | 939 |
Provision for loan losses | (14) | (68) | 580 | 377 |
Loans charged off | (177) | (73) | (237) | (146) |
Recoveries | 18 | 49 | 73 | 130 |
Balance | 1,886 | 1,300 | 1,886 | 1,300 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 2,423 | 2,729 | 2,978 | 4,315 |
Provision for loan losses | (82) | (89) | (663) | (1,176) |
Loans charged off | (53) | (1) | (612) | |
Recoveries | 51 | 226 | 78 | 286 |
Balance | 2,392 | 2,813 | 2,392 | 2,813 |
Commercial and Industrial Portfolio Segment [Member] | ||||
Balance | 1,373 | 1,360 | 1,024 | 907 |
Provision for loan losses | (317) | (35) | (1) | 350 |
Loans charged off | (399) | (4) | (403) | |
Recoveries | 186 | 6 | 223 | 78 |
Balance | 1,242 | 932 | 1,242 | 932 |
Consumer Portfolio Segment [Member] | ||||
Balance | 2,141 | 1,834 | 2,027 | 1,538 |
Provision for loan losses | 390 | 367 | 817 | 769 |
Loans charged off | (574) | (384) | (1,096) | (705) |
Recoveries | 162 | 90 | 371 | 305 |
Balance | $ 2,119 | $ 1,907 | $ 2,119 | $ 1,907 |
Note 4 - Loans and Allowance 36
Note 4 - Loans and Allowance for Loan Losses - Allowance for Loan Losses and the Recorded Investment of Loans Based on Impairment Method (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Individually evaluated for impairment | $ 90 | $ 94 | ||||
Collectively evaluated for impairment | 7,549 | 7,405 | ||||
Total ending allowance balance | 7,639 | $ 7,996 | 7,499 | $ 6,952 | $ 7,315 | $ 7,699 |
Loans individually evaluated for impairment | 16,257 | 18,108 | ||||
Loans collectively evaluated for impairment | 765,723 | 751,211 | ||||
Total ending loans balance | 781,980 | 769,319 | ||||
Residential Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 1,886 | 1,470 | ||||
Total ending allowance balance | 1,886 | 2,059 | 1,470 | 1,300 | 1,392 | 939 |
Loans individually evaluated for impairment | 1,627 | 1,420 | ||||
Loans collectively evaluated for impairment | 303,691 | 307,743 | ||||
Total ending loans balance | 305,318 | 309,163 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 90 | 94 | ||||
Collectively evaluated for impairment | 2,302 | 2,884 | ||||
Total ending allowance balance | 2,392 | 2,423 | 2,978 | 2,813 | 2,729 | 4,315 |
Loans individually evaluated for impairment | 5,593 | 7,333 | ||||
Loans collectively evaluated for impairment | 216,942 | 206,113 | ||||
Total ending loans balance | 222,535 | 213,446 | ||||
Commercial and Industrial Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 1,242 | 1,024 | ||||
Total ending allowance balance | 1,242 | 1,373 | 1,024 | 932 | 1,360 | 907 |
Loans individually evaluated for impairment | 9,037 | 9,154 | ||||
Loans collectively evaluated for impairment | 105,801 | 97,935 | ||||
Total ending loans balance | 114,838 | 107,089 | ||||
Consumer Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 2,119 | 2,027 | ||||
Total ending allowance balance | 2,119 | $ 2,141 | 2,027 | $ 1,907 | $ 1,834 | $ 1,538 |
Loans individually evaluated for impairment | 201 | |||||
Loans collectively evaluated for impairment | 139,289 | 139,420 | ||||
Total ending loans balance | $ 139,289 | $ 139,621 |
Note 4 - Loans and Allowance 37
Note 4 - Loans and Allowance for Loan Losses - Loans Individually Evaluated for Impairment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Allowance for Loan Losses Allocated | $ 90 | $ 90 | $ 94 | ||
Unpaid principal balance | 18,084 | 18,084 | 19,917 | ||
Recorded investment | 16,257 | 16,257 | 18,108 | ||
Average impaired loans | 16,138 | $ 17,708 | 16,348 | $ 17,549 | |
Interest income recognized | 182 | 181 | 386 | 631 | |
Cash basis interest recognized | 182 | 181 | 386 | 631 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | |||||
Unpaid principal balance - with allowance recorded | 366 | 366 | 372 | ||
Recorded investment - with allowance recorded | 366 | 366 | 372 | ||
Allowance for Loan Losses Allocated | 90 | 90 | 94 | ||
Unpaid principal balance - with no allowance recorded | 4,198 | 4,198 | 4,989 | ||
Recorded investment - with no allowance recorded | 2,776 | 2,776 | 3,534 | ||
Average impaired loans - with allowance recorded | 368 | 379 | 370 | 380 | |
Interest income recognized - with allowance recorded | 7 | 5 | 8 | 14 | |
Cash basis interest recognized - with allowance recorded | 7 | 5 | 8 | 14 | |
Average impaired loans - with no allowance recorded | 3,037 | 3,779 | 3,131 | 3,730 | |
Interest income recognized - with no allowance recorded | 16 | 21 | 37 | 74 | |
Cash basis interest recognized - with no allowance recorded | 16 | 21 | 37 | 74 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | |||||
Unpaid principal balance - with no allowance recorded | 2,451 | 2,451 | 3,427 | ||
Recorded investment - with no allowance recorded | 2,451 | 2,451 | 3,427 | ||
Average impaired loans - with no allowance recorded | 2,465 | 2,836 | 2,478 | 2,921 | |
Interest income recognized - with no allowance recorded | 36 | 36 | 69 | 120 | |
Cash basis interest recognized - with no allowance recorded | 36 | 36 | 69 | 120 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||
Unpaid principal balance - with no allowance recorded | 344 | 344 | 352 | ||
Recorded investment - with no allowance recorded | |||||
Average impaired loans - with no allowance recorded | 487 | 501 | |||
Interest income recognized - with no allowance recorded | 5 | 5 | 10 | 108 | |
Cash basis interest recognized - with no allowance recorded | 5 | 5 | 10 | 108 | |
Residential Portfolio Segment [Member] | |||||
Unpaid principal balance - with no allowance recorded | 1,688 | 1,688 | 1,420 | ||
Recorded investment - with no allowance recorded | 1,627 | 1,627 | 1,420 | ||
Average impaired loans - with no allowance recorded | 1,653 | 1,028 | 1,575 | 992 | |
Interest income recognized - with no allowance recorded | 11 | 12 | 30 | 20 | |
Cash basis interest recognized - with no allowance recorded | 11 | 12 | 30 | 20 | |
Commercial and Industrial Portfolio Segment [Member] | |||||
Unpaid principal balance - with no allowance recorded | 9,037 | 9,037 | 9,154 | ||
Recorded investment - with no allowance recorded | 9,037 | 9,037 | 9,154 | ||
Average impaired loans - with no allowance recorded | 8,615 | 8,990 | 8,794 | 8,815 | |
Interest income recognized - with no allowance recorded | 107 | 100 | 232 | 290 | |
Cash basis interest recognized - with no allowance recorded | $ 107 | 100 | $ 232 | 290 | |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | |||||
Unpaid principal balance - with allowance recorded | 203 | ||||
Recorded investment - with allowance recorded | $ 201 | ||||
Average impaired loans - with allowance recorded | 209 | 210 | |||
Interest income recognized - with allowance recorded | 2 | 5 | |||
Cash basis interest recognized - with allowance recorded | $ 2 | $ 5 |
Note 4 - Loans and Allowance 38
Note 4 - Loans and Allowance for Loan Losses - Nonaccrual Loans and Loans Past Due 90 Days or More and Still Accruing (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans past due 90 days and still accruing | $ 471 | $ 334 |
Nonaccrual | 10,844 | 10,112 |
Residential Portfolio Segment [Member] | ||
Loans past due 90 days and still accruing | 188 | 131 |
Nonaccrual | 6,983 | 5,906 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans past due 90 days and still accruing | ||
Nonaccrual | 641 | 476 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans past due 90 days and still accruing | ||
Nonaccrual | 1,977 | 2,454 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans past due 90 days and still accruing | ||
Nonaccrual | 397 | 444 |
Commercial and Industrial Portfolio Segment [Member] | ||
Loans past due 90 days and still accruing | 21 | |
Nonaccrual | 386 | 337 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans past due 90 days and still accruing | 135 | 127 |
Nonaccrual | 67 | 86 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans past due 90 days and still accruing | ||
Nonaccrual | 295 | 283 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans past due 90 days and still accruing | 127 | 76 |
Nonaccrual | $ 98 | $ 126 |
Note 4 - Loans and Allowance 39
Note 4 - Loans and Allowance for Loan Losses - Past Due Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans past due | $ 11,990 | $ 14,828 |
Loans, current | 769,990 | 754,491 |
Loans | 781,980 | 769,319 |
Residential Portfolio Segment [Member] | ||
Loans past due | 5,291 | 7,727 |
Loans, current | 300,027 | 301,436 |
Loans | 305,318 | 309,163 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 222,535 | 213,446 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans past due | 587 | 515 |
Loans, current | 65,584 | 73,058 |
Loans | 66,171 | 73,573 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans past due | 2,392 | 2,378 |
Loans, current | 114,084 | 99,193 |
Loans | 116,476 | 101,571 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans past due | 331 | 169 |
Loans, current | 39,557 | 38,133 |
Loans | 39,888 | 38,302 |
Commercial and Industrial Portfolio Segment [Member] | ||
Loans past due | 669 | 737 |
Loans, current | 114,169 | 106,352 |
Loans | 114,838 | 107,089 |
Consumer Portfolio Segment [Member] | ||
Loans | 139,289 | 139,621 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans past due | 1,386 | 1,754 |
Loans, current | 67,060 | 66,872 |
Loans | 68,446 | 68,626 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans past due | 415 | 389 |
Loans, current | 21,825 | 21,042 |
Loans | 22,240 | 21,431 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans past due | 919 | 1,159 |
Loans, current | 47,684 | 48,405 |
Loans | 48,603 | 49,564 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 5,916 | 8,232 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 2,599 | 5,383 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans past due | 274 | 194 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans past due | 617 | 140 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans past due | 174 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Loans past due | 404 | 303 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans past due | 1,004 | 1,257 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans past due | 289 | 90 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans past due | 555 | 865 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 1,311 | 1,911 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 742 | 671 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans past due | 23 | 161 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Loans past due | 71 | 243 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans past due | 224 | 346 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans past due | 34 | 272 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans past due | 217 | 218 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | 4,763 | 4,685 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 1,950 | 1,673 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans past due | 290 | 160 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans past due | 1,775 | 2,238 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans past due | 157 | 169 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Loans past due | 194 | 191 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans past due | 158 | 151 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans past due | 92 | 27 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans past due | $ 147 | $ 76 |
Note 4 - Loans and Allowance 40
Note 4 - Loans and Allowance for Loan Losses - TDR Loan Modifications (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Troubled Debt Restructuring | $ 14,788 | $ 16,942 |
Residential Portfolio Segment [Member] | Interest Only Payments [Member] | ||
Troubled Debt Restructuring | 685 | 697 |
Residential Portfolio Segment [Member] | Extended Maturity [Member] | ||
Troubled Debt Restructuring | 507 | |
Residential Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | ||
Troubled Debt Restructuring | 406 | |
Commercial Real Estate Portfolio Segment [Member] | Interest Only Payments [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 997 | 997 |
Commercial Real Estate Portfolio Segment [Member] | Interest Only Payments [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Troubled Debt Restructuring | 1,985 | 2,521 |
Commercial Real Estate Portfolio Segment [Member] | Reduction of Principal and Interest Payments [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 541 | 554 |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 1,466 | |
Commercial Real Estate Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 410 | |
Commercial Real Estate Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Troubled Debt Restructuring | 564 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 372 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Troubled Debt Restructuring | 366 | |
Commercial and Industrial Portfolio Segment [Member] | Interest Only Payments [Member] | ||
Troubled Debt Restructuring | 8,737 | 9,154 |
Commercial and Industrial Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | ||
Troubled Debt Restructuring | 570 | |
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | Home Equity Loan [Member] | ||
Troubled Debt Restructuring | 201 | |
Performing Financial Instruments [Member] | ||
Troubled Debt Restructuring | 13,290 | 14,780 |
Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Interest Only Payments [Member] | ||
Troubled Debt Restructuring | 685 | 697 |
Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Extended Maturity [Member] | ||
Troubled Debt Restructuring | 507 | |
Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | ||
Troubled Debt Restructuring | 406 | |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Interest Only Payments [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 997 | 997 |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Interest Only Payments [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Troubled Debt Restructuring | 487 | 560 |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Reduction of Principal and Interest Payments [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 541 | 554 |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 1,466 | |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 410 | |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Troubled Debt Restructuring | 564 | |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Troubled Debt Restructuring | 372 | |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Troubled Debt Restructuring | 366 | |
Performing Financial Instruments [Member] | Commercial and Industrial Portfolio Segment [Member] | Interest Only Payments [Member] | ||
Troubled Debt Restructuring | 8,737 | 9,154 |
Performing Financial Instruments [Member] | Commercial and Industrial Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member] | ||
Troubled Debt Restructuring | 570 | |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Extended Maturity [Member] | Home Equity Loan [Member] | ||
Troubled Debt Restructuring | ||
Nonperforming Financial Instruments [Member] | ||
Troubled Debt Restructuring | 1,498 | 2,162 |
Nonperforming Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Interest Only Payments [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Troubled Debt Restructuring | $ 1,498 | 1,961 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Extended Maturity [Member] | Home Equity Loan [Member] | ||
Troubled Debt Restructuring | $ 201 |
Note 4 - Loans and Allowance 41
Note 4 - Loans and Allowance for Loan Losses - TDRs Pre-modification and Post-modification (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017USD ($) | Jun. 30, 2018 | Jun. 30, 2017USD ($) | |
Number of Loans | 0 | 3 | 0 | 3 |
Performing Financial Instruments [Member] | ||||
Pre-modification recorded investment | $ 1,001 | $ 1,001 | ||
Post-modification recorded investment | 1,001 | 1,001 | ||
Nonperforming Financial Instruments [Member] | ||||
Pre-modification recorded investment | ||||
Post-modification recorded investment | ||||
Residential Portfolio Segment [Member] | Maturity Extension at Lower Stated Rate Than Market Rate [Member] | ||||
Number of Loans | 1 | 1 | ||
Residential Portfolio Segment [Member] | Maturity Extension at Lower Stated Rate Than Market Rate [Member] | Performing Financial Instruments [Member] | ||||
Pre-modification recorded investment | $ 231 | $ 231 | ||
Post-modification recorded investment | 231 | 231 | ||
Residential Portfolio Segment [Member] | Maturity Extension at Lower Stated Rate Than Market Rate [Member] | Nonperforming Financial Instruments [Member] | ||||
Pre-modification recorded investment | ||||
Post-modification recorded investment | ||||
Commercial and Industrial Portfolio Segment [Member] | Maturity Extension at Lower Stated Rate Than Market Rate [Member] | ||||
Number of Loans | 2 | 2 | ||
Commercial and Industrial Portfolio Segment [Member] | Maturity Extension at Lower Stated Rate Than Market Rate [Member] | Performing Financial Instruments [Member] | ||||
Pre-modification recorded investment | $ 770 | $ 770 | ||
Post-modification recorded investment | 770 | 770 | ||
Commercial and Industrial Portfolio Segment [Member] | Maturity Extension at Lower Stated Rate Than Market Rate [Member] | Nonperforming Financial Instruments [Member] | ||||
Pre-modification recorded investment | ||||
Post-modification recorded investment |
Note 4 - Loans and Allowance 42
Note 4 - Loans and Allowance for Loan Losses - Risk Category of Commercial Loans by Class of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans receivable | $ 781,980 | $ 769,319 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 222,535 | 213,446 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans receivable | 66,171 | 73,573 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans receivable | 116,476 | 101,571 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 39,888 | 38,302 |
Commercial and Industrial Portfolio Segment [Member] | ||
Loans receivable | 114,838 | 107,089 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 337,373 | 320,535 |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans receivable | 56,810 | 64,993 |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans receivable | 112,057 | 93,197 |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 39,583 | 37,735 |
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Loans receivable | 96,185 | 91,097 |
Pass [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 304,635 | 287,022 |
Criticized [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans receivable | 1,057 | 934 |
Criticized [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans receivable | 855 | 3,776 |
Criticized [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 134 | 156 |
Criticized [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Loans receivable | 8,508 | 6,058 |
Criticized [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 10,554 | 10,924 |
Classified [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans receivable | 8,304 | 7,646 |
Classified [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Nonowner Occupied [Member] | ||
Loans receivable | 3,564 | 4,598 |
Classified [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 171 | 411 |
Classified [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Loans receivable | 10,145 | 9,934 |
Classified [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | $ 22,184 | $ 22,589 |
Note 4 - Loans and Allowance 43
Note 4 - Loans and Allowance for Loan Losses - Recorded Investment of Residential and Consumer Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans receivable | $ 781,980 | $ 769,319 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 139,289 | 139,621 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans receivable | 68,446 | 68,626 |
Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans receivable | 22,240 | 21,431 |
Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans receivable | 48,603 | 49,564 |
Residential Portfolio Segment [Member] | ||
Loans receivable | 305,318 | 309,163 |
Consumer and Residential Portfolio Segment [Member] | ||
Loans receivable | 444,607 | 448,784 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans receivable | 68,244 | 68,413 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans receivable | 21,945 | 21,148 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans receivable | 48,378 | 49,362 |
Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 298,147 | 303,126 |
Performing Financial Instruments [Member] | Consumer and Residential Portfolio Segment [Member] | ||
Loans receivable | 436,714 | 442,049 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans receivable | 202 | 213 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans receivable | 295 | 283 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loans [Member] | ||
Loans receivable | 225 | 202 |
Nonperforming Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable | 7,171 | 6,037 |
Nonperforming Financial Instruments [Member] | Consumer and Residential Portfolio Segment [Member] | ||
Loans receivable | $ 7,893 | $ 6,735 |
Note 5 - Financial Instrument44
Note 5 - Financial Instruments With Off-balance Sheet Risk (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2018 | Dec. 31, 2017 | |
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure | $ 75,203 | $ 68,859 |
Note 6 - Other Borrowed Funds45
Note 6 - Other Borrowed Funds (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Federal Home Loan Bank, Advances, Maturities Summary, Fixed Rate, Total | $ 34,905 | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.37% | |
Federal Home Loan Bank, Advances, Maturities Summary, Floating Rate, Total | $ 0 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 233,427 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 149,521 | |
Debt, Weighted Average Interest Rate | 2.85% | 2.77% |
Notes Payable to Bank, Total | $ 2,703 | $ 3,440 |
Director [Member] | ||
Notes Payable, Related Parties | 360 | 360 |
FHLB Line of Credit [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 80,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 80,000 | |
Letters of Credit Outstanding, Amount | $ 49,000 | 60,000 |
Minimum [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.53% | |
Debt Instrument, Interest Rate, Stated Percentage | 1.50% | |
Maximum [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 3.31% | |
Debt Instrument, Interest Rate, Stated Percentage | 4.09% | |
Residential Real Estate [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 296,055 | |
Commercial Loans [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 74,273 | |
FHLB Stock [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 5,365 | |
Federal Home Loan Bank Advances [Member] | ||
Capital Lease Obligations, Total | $ 17 | $ 29 |
Note 6 - Other Borrowed Funds -
Note 6 - Other Borrowed Funds - Other Borrowed Funds (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Other borrowed funds | $ 41,443 | $ 35,949 |
Federal Home Loan Bank Advances [Member] | ||
Other borrowed funds | 34,913 | 28,625 |
Promissory Notes [Member] | ||
Other borrowed funds | $ 6,530 | $ 7,324 |
Note 6 - Other Borrowed Funds47
Note 6 - Other Borrowed Funds - Scheduled Principal Payments (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
2,018 | $ 2,628 | |
2,019 | 6,941 | |
2,020 | 4,448 | |
2,021 | 3,565 | |
2,022 | 3,429 | |
Thereafter | 20,432 | |
41,443 | $ 35,949 | |
Federal Home Loan Bank Advances [Member] | ||
2,018 | 1,846 | |
2,019 | 3,651 | |
2,020 | 3,380 | |
2,021 | 3,000 | |
2,022 | 2,841 | |
Thereafter | 20,195 | |
34,913 | 28,625 | |
Promissory Notes [Member] | ||
2,018 | 782 | |
2,019 | 3,290 | |
2,020 | 1,068 | |
2,021 | 565 | |
2,022 | 588 | |
Thereafter | 237 | |
$ 6,530 | $ 7,324 |
Note 7 - Segment Information (D
Note 7 - Segment Information (Details Textual) | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Banking Segment, Percentage of Total Revenues | 91.30% | 90.80% |
Note 7 - Segment Information -
Note 7 - Segment Information - Segment Reporting (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Net interest income | $ 10,640 | $ 10,071 | $ 22,150 | $ 20,936 | |
Provision expense | (23) | 175 | 733 | 320 | |
Noninterest income | 2,538 | 2,112 | 5,614 | 5,225 | |
Noninterest expense | 9,674 | 9,876 | 19,482 | 19,251 | |
Tax expense | 551 | 391 | 1,207 | 1,632 | |
Net income | 2,976 | 1,741 | 6,342 | 4,958 | |
Assets | 1,025,364 | 980,156 | 1,025,364 | 980,156 | $ 1,026,290 |
Banking [Member] | |||||
Net interest income | 10,032 | 9,487 | 20,121 | 18,877 | |
Provision expense | 175 | 600 | 200 | ||
Noninterest income | 2,369 | 1,962 | 5,041 | 4,741 | |
Noninterest expense | 9,061 | 9,316 | 18,129 | 17,898 | |
Tax expense | 512 | 332 | 973 | 1,269 | |
Net income | 2,828 | 1,626 | 5,460 | 4,251 | |
Assets | 1,014,033 | 968,864 | 1,014,033 | 968,864 | |
Consumer Finance [Member] | |||||
Net interest income | 608 | 584 | 2,029 | 2,059 | |
Provision expense | (23) | 133 | 120 | ||
Noninterest income | 169 | 150 | 573 | 484 | |
Noninterest expense | 613 | 560 | 1,353 | 1,353 | |
Tax expense | 39 | 59 | 234 | 363 | |
Net income | 148 | 115 | 882 | 707 | |
Assets | $ 11,331 | $ 11,292 | $ 11,331 | $ 11,292 |