Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | N OTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans are comprised of the following: September 30, December 31, 2018 2017 Residential real estate $ 305,314 $ 309,163 Commercial real estate: Owner-occupied 64,236 73,573 Nonowner-occupied 115,107 101,571 Construction 39,202 38,302 Commercial and industrial 116,489 107,089 Consumer: Automobile 70,137 68,626 Home equity 22,419 21,431 Other 49,473 49,564 782,377 769,319 Less: Allowance for loan losses (8,315 ) (7,499 ) Loans, net $ 774,062 $ 761,820 The following table presents the activity in the allowance for loan losses by portfolio segment for the three September 30, 2018 2017: September 30, 2018 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,886 $ 2,392 $ 1,242 $ 2,119 $ 7,639 Provision for loan losses 681 (378 ) 197 462 962 Loans charged off (184 ) ---- (136 ) (722 ) (1,042 ) Recoveries 49 431 80 196 756 Total ending allowance balance $ 2,432 $ 2,445 $ 1,383 $ 2,055 $ 8,315 September 30, 2017 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,300 $ 2,813 $ 932 $ 1,907 $ 6,952 Provision for loan losses 493 540 238 330 1,601 Loans charged-off (445 ) (434 ) (202 ) (420 ) (1,501 ) Recoveries 83 41 4 133 261 Total ending allowance balance $ 1,431 $ 2,960 $ 972 $ 1,950 $ 7,313 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine September 30, 2018 2017: September 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 1,261 (1,041 ) 196 1,279 1,695 Loans charged off (421 ) (1 ) (140 ) (1,818 ) (2,380 ) Recoveries 122 509 303 567 1,501 Total ending allowance balance $ 2,432 $ 2,445 $ 1,383 $ 2,055 $ 8,315 September 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 870 (636 ) 588 1,099 1,921 Loans charged-off (591 ) (1,046 ) (605 ) (1,125 ) (3,367 ) Recoveries 213 327 82 438 1,060 Total ending allowance balance $ 1,431 $ 2,960 $ 972 $ 1,950 $ 7,313 The following table presents the balance in the allowance for loan losses and the recorded investment of loans by portfolio segment and based on impairment method as of September 30, 2018 December 31, 2017: September 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 $ 409 $ 90 $ ---- $ ---- $ 499 Collectively evaluated for impairment 2,023 2,355 1,383 2,055 7,816 Total ending allowance balance $ 2,432 $ 2,445 $ 1,383 $ 2,055 $ 8,315 Loans: Loans individually evaluated for impairment $ 926 $ 4,289 $ 5,727 $ ---- $ 10,942 Loans collectively evaluated for impairment 304,388 214,256 110,762 142,029 771,435 Total ending loans balance $ 305,314 $ 218,545 $ 116,489 $ 142,029 $ 782,377 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 September 30, 2018 December 31, 2017: September 30, 2018 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Residential real estate $ 715 $ 707 $ 409 Commercial real estate: Nonowner-occupied 363 363 90 With no related allowance recorded: Residential real estate 219 219 ---- Commercial real estate: Owner-occupied 2,416 2,416 ---- Nonowner-occupied 2,932 1,510 ---- Construction 340 ---- ---- Commercial and industrial 5,727 5,727 ---- Total $ 12,712 $ 10,942 $ 499 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 nine September 30, 2018 2017: Three months ended September 30, 2018 Nine months ended September 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: Residential real estate $ 707 $ ---- $ ---- $ 711 $ ---- $ ---- Commercial real estate: Nonowner-occupied 365 3 3 368 12 12 With no related allowance recorded: Residential real estate 219 4 4 222 34 34 Commercial real estate: Owner-occupied 2,434 36 36 2,462 105 105 Nonowner-occupied 1,786 11 11 2,154 47 47 Construction ---- 5 5 ---- 15 15 Commercial and industrial 5,753 89 89 5,474 321 321 Total $ 11,264 $ 148 $ 148 $ 11,391 $ 534 $ 534 Three months ended September 30, 2017 Nine months ended September 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: Residential real estate $ 221 $ 7 $ 7 $ 55 $ 7 $ 7 Commercial real estate: Nonowner-occupied 563 3 3 584 12 12 Consumer: Home equity 208 1 1 210 5 5 With no related allowance recorded: Residential real estate 935 10 10 824 37 37 Commercial real estate: Owner-occupied 2,409 37 37 2,407 112 112 Nonowner-occupied 3,552 19 19 3,518 57 57 Construction 157 5 5 170 14 14 Commercial and industrial 9,260 135 135 8,776 358 358 Total $ 17,305 $ 217 $ 217 $ 16,544 $ 602 $ 602 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 September 30, 2018 December 31, 2017, $379 $262, $2,399 $2,410 September 30, 2018 December 31, 2017, The following table presents the recorded investment of nonaccrual loans and loans past due 90 September 30, 2018 December 31, 2017: September 30, 2018 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 167 $ 6,929 Commercial real estate: Owner-occupied ---- 494 Nonowner-occupied ---- 1,142 Construction ---- 389 Commercial and industrial 147 284 Consumer: Automobile 247 45 Home equity 122 227 Other 373 67 Total $ 1,056 $ 9,577 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 September 30, 2018 December 31, 2017: September 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 $ 3,924 $ 910 $ 1,848 $ 6,682 $ 298,632 $ 305,314 Commercial real estate: Owner-occupied 113 191 129 433 63,803 64,236 Nonowner-occupied 263 363 948 1,574 113,533 115,107 Construction 167 ---- 157 324 38,878 39,202 Commercial and industrial 2,737 105 276 3,118 113,371 116,489 Consumer: Automobile 1,145 266 247 1,658 68,479 70,137 Home equity 251 200 334 785 21,634 22,419 Other 631 112 378 1,121 48,352 49,473 Total $ 9,231 $ 2,147 $ 4,317 $ 15,695 $ 766,682 $ 782,377 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 September 30, 2018 December 31, 2017: September 30, 2018 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s Residential real estate: Interest only payments $ 218 $ ---- $ 218 Commercial real estate: Owner-occupied Interest only payments 989 ---- 989 Reduction of principal and interest payments 535 ---- 535 Maturity extension at lower stated rate than market rate 488 ---- 488 Credit extension at lower stated rate than market rate 404 ---- 404 Nonowner-occupied Interest only payments ---- 948 948 Rate reduction 363 ---- 363 Credit extension at lower stated rate than market rate 563 ---- 563 Commercial and industrial: Interest only payments 5,427 ---- 5,427 Total TDR’s $ 8,987 $ 948 $ 9,935 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 September 30, 2018, $7,007, 41.4%, 2017. $90 September 30, 2018, $94 December 31, 2017. September 30, 2018, $73 $846 December 31, 2017. There were no three nine September 30, 2018. three nine September 30, 2017: TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Three months ended September 30, 2017 Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Commercial real estate: Owner-occupied Credit extension at lower stated rate than market rate 1 $ 412 $ 412 $ ---- $ ---- Total TDR’s 1 $ 412 $ 412 $ ---- $ ---- TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Nine months ended September 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 real estate: Owner-occupied Credit extension at lower stated rate than market rate 1 412 412 ---- ---- Commercial and industrial Maturity extension at lower stated rate than market rate 2 770 770 ---- ---- Total TDR’s 4 $ 1,413 $ 1,413 $ ---- $ ---- The troubled debt restructurings described above had no no three nine September 30, 2017. The Company had no three nine September 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 September 30, 2018 December 31, 2017, September 30, 2018 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 54,380 $ 2,476 $ 7,380 $ 64,236 Nonowner-occupied 111,921 847 2,339 115,107 Construction 38,898 133 171 39,202 Commercial and industrial 97,204 9,494 9,791 116,489 Total $ 302,403 $ 12,950 $ 19,681 $ 335,034 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 September 30, 2018 December 31, 2017: September 30, 2018 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 69,845 $ 22,070 $ 49,033 $ 298,218 $ 439,166 Nonperforming 292 349 440 7,096 8,177 Total $ 70,137 $ 22,419 $ 49,473 $ 305,314 $ 447,343 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 4.84% September 30, 2018, 4.86% December 31, 2017. |