Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | N OTE 4 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans are comprised of the following: March 31, December 31, 2019 2018 Residential real estate $ 302,391 $ 304,079 Commercial real estate: Owner-occupied 64,553 61,694 Nonowner-occupied 127,105 117,188 Construction 31,848 37,478 Commercial and industrial 114,755 113,243 Consumer: Automobile 66,999 70,226 Home equity 23,215 22,512 Other 49,778 50,632 780,644 777,052 Less: Allowance for loan losses (8,013 ) (6,728 ) Loans, net $ 772,631 $ 770,324 The following table presents the activity in the allowance for loan losses by portfolio segment for the three March 31, 2019 2018: March 31, 2019 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,583 $ 2,186 $ 1,063 $ 1,896 $ 6,728 Provision for loan losses 813 393 473 699 2,378 Loans charged off (329 ) (141 ) (233 ) (658 ) (1,361 ) Recoveries 12 14 12 230 268 Total ending allowance balance $ 2,079 $ 2,452 $ 1,315 $ 2,167 $ 8,013 March 31, 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 594 (581 ) 316 427 756 Loans charged-off (60 ) (1 ) (4 ) (522 ) (587 ) Recoveries 55 27 37 209 328 Total ending allowance balance $ 2,059 $ 2,423 $ 1,373 $ 2,141 $ 7,996 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 March 31, 2019 December 31, 2018: March 31, 2019 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 $ 89 $ 95 $ 71 $ 6 $ 261 Collectively evaluated for impairment 1,990 2,357 1,244 2,161 7,752 Total ending allowance balance $ 2,079 $ 2,452 $ 1,315 $ 2,167 $ 8,013 Loans: Loans individually evaluated for impairment $ 1,745 $ 11,278 $ 7,443 $ 6 $ 20,472 Loans collectively evaluated for impairment 300,646 212,228 107,312 139,986 760,172 Total ending loans balance $ 302,391 $ 223,506 $ 114,755 $ 139,992 $ 780,644 December 31, 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 $ ---- $ 98 $ ---- $ ---- $ 98 Collectively evaluated for impairment 1,583 2,088 1,063 1,896 6,630 Total ending allowance balance $ 1,583 $ 2,186 $ 1,063 $ 1,896 $ 6,728 Loans: Loans individually evaluated for impairment $ 1,667 $ 3,835 $ 7,116 $ ---- $ 12,618 Loans collectively evaluated for impairment 302,412 212,525 106,127 143,370 764,434 Total ending loans balance $ 304,079 $ 216,360 $ 113,243 $ 143,370 $ 777,052 The following tables present information related to loans individually evaluated for impairment by class of loans as of March 31, 2019 December 31, 2018: March 31, 2019 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Residential real estate $ 1,295 $ 1,295 $ 89 Commercial real estate: Owner-occupied 156 156 ---- Nonowner-occupied 358 358 95 Commercial and industrial 1,968 1,968 71 Consumer: Home equity 6 6 6 With no related allowance recorded: Residential real estate 450 450 ---- Commercial real estate: Owner-occupied 3,356 3,356 ---- Nonowner-occupied 8,830 7,408 ---- Construction 332 ---- ---- Commercial and industrial 5,475 5,475 ---- Total $ 22,226 $ 20,472 $ 261 December 31, 2018 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded: Commercial real estate: Nonowner-occupied $ 362 $ 362 $ 98 With no related allowance recorded: Residential real estate 1,667 1,667 ---- Commercial real estate: Owner-occupied 2,527 2,527 ---- Nonowner-occupied 2,368 946 ---- Construction 336 ---- ---- Commercial and industrial 7,116 7,116 ---- Total $ 14,376 $ 12,618 $ 98 The following tables present information related to loans individually evaluated for impairment by class of loans for the three March 31, 2019 2018: Three months ended March 31, 2019 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Residential real estate $ 1,255 $ 7 $ 7 Commercial real estate: Owner-occupied 78 2 2 Nonowner-occupied 360 ---- ---- Commercial and industrial 984 36 36 Consumer: Home equity 3 ---- ---- With no related allowance recorded: Residential real estate 451 4 4 Commercial real estate: Owner-occupied 2,862 52 52 Nonowner-occupied 4,177 112 112 Construction ---- 5 5 Commercial and industrial 5,258 84 84 Total $ 15,428 $ 302 $ 302 Three months ended March 31, 2018 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: Commercial real estate: Nonowner-occupied $ 371 $ 1 $ 1 With no related allowance recorded: Residential real estate 1,550 20 20 Commercial real estate: Owner-occupied 2,491 34 34 Nonowner-occupied 3,521 20 20 Construction ---- 5 5 Commercial and industrial 8,673 124 124 Total $ 16,606 $ 204 $ 204 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 March 31, 2019 December 31, 2018, $134. $1,177 $2,375 March 31, 2019 December 31, 2018, The following table presents the recorded investment of nonaccrual loans and loans past due 90 March 31, 2019 December 31, 2018: March 31, 2019 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 235 $ 6,848 Commercial real estate: Owner-occupied ---- 425 Nonowner-occupied ---- 851 Construction ---- 332 Commercial and industrial ---- 140 Consumer: Automobile 143 127 Home equity ---- 268 Other 99 94 Total $ 477 $ 9,085 December 31, 2018 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 19 $ 6,661 Commercial real estate: Owner-occupied ---- 470 Nonowner-occupied 362 574 Construction 66 416 Commercial and industrial 31 228 Consumer: Automobile 270 59 Home equity 91 183 Other 228 86 Total $ 1,067 $ 8,677 The following table presents the aging of the recorded investment of past due loans by class of loans as of March 31, 2019 December 31, 2018: March 31, 2019 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 $ 3,516 $ 1,809 $ 1,489 $ 6,814 $ 295,577 $ 302,391 Commercial real estate: Owner-occupied 953 151 89 1,193 63,360 64,553 Nonowner-occupied 714 ---- 669 1,383 125,722 127,105 Construction ---- 61 121 182 31,666 31,848 Commercial and industrial 1,024 112 ---- 1,136 113,619 114,755 Consumer: Automobile 1,386 274 160 1,820 65,179 66,999 Home equity 162 ---- 162 324 22,891 23,215 Other 671 222 101 994 48,784 49,778 Total $ 8,426 $ 2,629 $ 2,791 $ 13,846 $ 766,798 $ 780,644 December 31, 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 $ 3,369 $ 1,183 $ 1,642 $ 6,194 $ 297,885 $ 304,079 Commercial real estate: Owner-occupied 298 ---- 129 427 61,267 61,694 Nonowner-occupied 299 ---- 747 1,046 116,142 117,188 Construction 31 ---- 265 296 37,182 37,478 Commercial and industrial 428 192 110 730 112,513 113,243 Consumer: Automobile 1,287 286 289 1,862 68,364 70,226 Home equity 171 92 260 523 21,989 22,512 Other 593 291 228 1,112 49,520 50,632 Total $ 6,476 $ 2,044 $ 3,670 $ 12,190 $ 764,862 $ 777,052 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 March 31, 2019 December 31, 2018: March 31, 2019 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s Residential real estate: Interest only payments $ 215 $ ---- $ 215 Commercial real estate: Owner-occupied Interest only payments 947 ---- 947 Reduction of principal and interest payments 1,559 ---- 1,559 Maturity extension at lower stated rate than market rate 450 ---- 450 Credit extension at lower stated rate than market rate 400 ---- 400 Nonowner-occupied Interest only payments ---- 10 10 Rate reduction ---- 358 358 Credit extension at lower stated rate than market rate 560 ---- 560 Commercial and industrial: Interest only payments 4,886 ---- 4,886 Reduction of principal and interest payments 199 ---- 199 Total TDR’s $ 9,216 $ 368 $ 9,584 December 31, 2018 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s Residential real estate: Interest only payments $ 216 $ ---- $ 216 Commercial real estate: Owner-occupied Interest only payments 968 ---- 968 Reduction of principal and interest payments 529 ---- 529 Maturity extension at lower stated rate than market rate 469 ---- 469 Credit extension at lower stated rate than market rate 402 ---- 402 Nonowner-occupied Interest only payments ---- 385 385 Rate reduction ---- 362 362 Credit extension at lower stated rate than market rate 561 ---- 561 Commercial and industrial: Interest only payments 4,742 ---- 4,742 Total TDR’s $ 7,887 $ 747 $ 8,634 At March 31, 2019, $950, 11.0%, 2018. $95 March 31, 2019, $98 December 31, 2018. March 31, 2019, $614 $758 December 31, 2018. There were no three March 31, 2018. three March 31, 2019: TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Three months ended March 31, 2019 Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Pre-Modification Recorded Investment Post-Modification Recorded Investment Commercial real estate: Owner-occupied Reduction of principal and interest payments 1 $ 1,036 $ 1,036 $ ---- $ ---- Commercial and Industrial: Reduction of principal and interest payments 1 199 199 Total TDR’s 2 $ 1,235 $ 1,235 $ ---- $ ---- The troubled debt restructurings described above had no no three March 31, 2019. The Company had no three March 31, 2019 2018, 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 11. 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 March 31, 2019 December 31, 2018, March 31, 2019 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 53,613 $ 7,653 $ 3,287 $ 64,553 Nonowner-occupied 119,130 ---- 7,975 127,105 Construction 31,848 ---- ---- 31,848 Commercial and industrial 99,986 989 13,780 114,755 Total $ 304,577 $ 8,642 $ 25,042 $ 338,261 December 31, 2018 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 50,474 $ 7,724 $ 3,496 $ 61,694 Nonowner-occupied 115,170 ---- 2,018 117,188 Construction 37,321 ---- 157 37,478 Commercial and industrial 92,417 6,536 14,290 113,243 Total $ 295,382 $ 14,260 $ 19,961 $ 329,603 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 March 31, 2019 December 31, 2018: March 31, 2019 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 66,729 $ 22,947 $ 49,585 $ 295,308 $ 434,569 Nonperforming 270 268 193 7,083 7,814 Total $ 66,999 $ 23,215 $ 49,778 $ 302,391 $ 442,383 December 31, 2018 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 69,897 $ 22,238 $ 50,318 $ 297,399 $ 439,852 Nonperforming 329 274 314 6,680 7,597 Total $ 70,226 $ 22,512 $ 50,632 $ 304,079 $ 447,449 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 4.44% March 31, 2019, 5.02% December 31, 2018. |