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, 2019 2018 Residential real estate $ 314,761 $ 304,079 Commercial real estate: Owner-occupied 58,062 61,694 Nonowner-occupied 128,698 117,188 Construction 36,307 37,478 Commercial and industrial 100,509 113,243 Consumer: Automobile 65,195 70,226 Home equity 23,658 22,512 Other 52,863 50,632 780,053 777,052 Less: Allowance for loan losses (6,153 ) (6,728 ) Loans, net $ 773,900 $ 770,324 The following table presents the activity in the allowance for loan losses by portfolio segment for the three September 30, 2019 2018: September 30, 2019 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Total Allowance for loan losses: Beginning balance $ 1,973 $ 2,222 $ 1,095 $ 2,111 $ 7,401 Provision for loan losses (165 ) (536 ) 1,193 (48 ) 444 Loans charged off (465 ) ---- (1,168 ) (419 ) (2,052 ) Recoveries 80 92 11 177 360 Total ending allowance balance $ 1,423 $ 1,778 $ 1,131 $ 1,821 $ 6,153 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 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine September 30, 2019 2018: September 30, 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 96 (403 ) 1,497 825 2,015 Loans charged off (872 ) (579 ) (1,512 ) (1,612 ) (4,575 ) Recoveries 616 574 83 712 1,985 Total ending allowance balance $ 1,423 $ 1,778 $ 1,131 $ 1,821 $ 6,153 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 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, 2019 December 31, 2018: September 30, 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 $ ---- $ ---- $ ---- $ ---- $ ---- Collectively evaluated for impairment 1,423 1,778 1,131 1,821 6,153 Total ending allowance balance $ 1,423 $ 1,778 $ 1,131 $ 1,821 $ 6,153 Loans: Loans individually evaluated for impairment $ 445 $ 11,342 $ 5,102 $ 356 $ 17,245 Loans collectively evaluated for impairment 314,316 211,725 95,407 141,360 762,808 Total ending loans balance $ 314,761 $ 223,067 $ 100,509 $ 141,716 $ 780,053 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 September 30, 2019 December 31, 2018: September 30, 2019 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With an allowance recorded $ ---- $ ---- $ ---- With no related allowance recorded: Residential real estate 445 445 ---- Commercial real estate: Owner-occupied 3,244 3,244 ---- Nonowner-occupied 9,421 8,098 ---- Construction 323 ---- ---- Commercial and industrial 6,277 5,102 ---- Consumer: Home equity 350 350 ---- Other 6 6 ---- Total $ 20,066 $ 17,245 $ ---- 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 nine September 30, 2019 2018: Three months ended September 30, 2019 Nine months ended September 30, 2019 Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded $ ---- $ ---- $ ---- $ ---- $ ---- $ ---- With no related allowance recorded: Residential real estate 446 4 4 469 20 20 Commercial real estate: Owner-occupied 3,349 53 53 3,144 167 167 Nonowner-occupied 7,949 142 142 6,243 370 370 Construction ---- 5 5 ---- 15 15 Commercial and industrial 6,089 110 110 6,110 352 352 Consumer: Home equity 175 15 15 87 15 15 Other 6 ---- ---- 5 ---- ---- Total $ 18,014 $ 329 $ 329 $ 16,058 $ 939 $ 939 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 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, 2019 December 31, 2018, $68 $1,561 $2,375 September 30, 2019 December 31, 2018, The following table presents the recorded investment of nonaccrual loans and loans past due 90 September 30, 2019 December 31, 2018: September 30, 2019 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 242 $ 6,090 Commercial real estate: Owner-occupied 151 139 Nonowner-occupied ---- 765 Construction ---- 187 Commercial and industrial 4 515 Consumer: Automobile 234 66 Home equity ---- 407 Other 305 83 Total $ 936 $ 8,252 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 September 30, 2019 December 31, 2018: September 30, 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 $ 3,437 $ 1,728 $ 1,496 $ 6,661 $ 308,100 $ 314,761 Commercial real estate: Owner-occupied 1,141 ---- 248 1,389 56,673 58,062 Nonowner-occupied 194 231 338 763 127,935 128,698 Construction 93 ---- ---- 93 36,214 36,307 Commercial and industrial 1,618 8 121 1,747 98,762 100,509 Consumer: Automobile 1,098 229 245 1,572 63,623 65,195 Home equity 137 24 372 533 23,125 23,658 Other 633 136 312 1,081 51,782 52,863 Total $ 8,351 $ 2,356 $ 3,132 $ 13,839 $ 766,214 $ 780,053 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 September 30, 2019 December 31, 2018: September 30, 2019 TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Total TDR’s Residential real estate: Interest only payments $ 211 $ ---- $ 211 Commercial real estate: Owner-occupied Interest only payments 905 ---- 905 Reduction of principal and interest payments 1,532 ---- 1,532 Maturity extension at lower stated rate than market rate 412 ---- 412 Credit extension at lower stated rate than market rate 395 ---- 395 Nonowner-occupied Rate reduction ---- 258 258 Credit extension at lower stated rate than market rate 556 ---- 556 Commercial and industrial: Interest only payments 4,196 133 4,329 Reduction of principal and interest payments 191 ---- 191 Total TDR’s $ 8,398 $ 391 $ 8,789 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 September 30, 2019, $155, 1.8%, 2018. no September 30, 2019, $98 December 31, 2018. September 30, 2019, $1,428 $758 December 31, 2018. There were no three September 30, 2019. no three nine September 30, 2018. nine September 30, 2019: TDR’s Performing to Modified Terms TDR’s Not Performing to Modified Terms Nine months ended September 30, 2019 Number of Loans Pre- Modification Recorded Investment Post- Modification Recorded Investment Pre- Modification Recorded Investment Post- Modification Recorded Investment Residential real estate: Interest only payments 1 $ 292 $ 292 $ ---- $ ---- Commercial and Industrial: Interest only payments 1 282 282 Total TDR’s 2 $ 574 $ 574 $ ---- $ ---- The TDR’s described above had no no nine September 30, 2019. During the third 2019, one $133 twelve first April 2019 August 2019. no three nine September 30, 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. $750. 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, 2019 December 31, 2018, September 30, 2019 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 50,136 $ 4,803 $ 3,123 $ 58,062 Nonowner-occupied 120,302 ---- 8,396 128,698 Construction 36,307 ---- ---- 36,307 Commercial and industrial 88,687 1,460 10,362 100,509 Total $ 295,432 $ 6,263 $ 21,881 $ 323,576 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 September 30, 2019 December 31, 2018: September 30, 2019 Consumer Automobile Home Equity Other Residential Real Estate Total Performing $ 64,895 $ 23,251 $ 52,475 $ 308,429 $ 449,050 Nonperforming 300 407 388 6,332 7,427 Total $ 65,195 $ 23,658 $ 52,863 $ 314,761 $ 456,477 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 4.80% September 30, 2019, 5.02% December 31, 2018. |