Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Nov. 06, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | UWHR | |
Entity Registrant Name | UWHARRIE CAPITAL CORP | |
Entity Central Index Key | 898,171 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 6,979,244 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 6,826 | $ 9,422 |
Interest-earning deposits with banks | 85,757 | 36,546 |
Securities available for sale, at fair value | 97,717 | 105,899 |
Securities held to maturity, at amortized cost (fair value $11,575 and $11,934, respectively) | 11,493 | 11,990 |
Loans held for sale | 2,725 | 5,823 |
Loans: | ||
Loans held for investment | 349,919 | 341,829 |
Less allowance for loan losses | (2,448) | (2,707) |
Net loans held for investment | 347,471 | 339,122 |
Premises and equipment, net | 14,302 | 14,173 |
Interest receivable | 1,516 | 1,629 |
Restricted stock | 1,068 | 1,052 |
Bank owned life insurance | 8,514 | 6,897 |
Other real estate owned | 2,681 | 4,176 |
Prepaid assets | 1,000 | 826 |
Other assets | 10,882 | 10,675 |
Total assets | 591,952 | 548,230 |
Deposits: | ||
Demand noninterest-bearing | 118,459 | 103,138 |
Interest checking and money market accounts | 295,330 | 272,968 |
Savings deposits | 45,075 | 42,452 |
Time deposits, $250,000 and over | 10,408 | 7,472 |
Other time deposits | 57,981 | 59,689 |
Total deposits | 527,253 | 485,719 |
Short-term borrowed funds | 1,788 | 2,674 |
Junior subordinated debt | 9,534 | 9,534 |
Interest payable | 151 | 151 |
Other liabilities | 8,066 | 6,627 |
Total liabilities | 546,792 | 504,705 |
Off balance sheet items, commitments and contingencies (Note 9) | ||
SHAREHOLDERS’ EQUITY | ||
Common stock, $1.25 par value: 20,000,000 shares authorized; shares issued and outstanding 6,978,263 and 7,050,315 | 8,723 | 8,813 |
Additional paid-in capital | 12,258 | 12,540 |
Undivided profits | 14,262 | 12,867 |
Accumulated other comprehensive loss | (726) | (1,318) |
Total Uwharrie Capital Corp shareholders’ equity | 34,517 | 32,902 |
Noncontrolling interest | 10,643 | 10,623 |
Total shareholders’ equity | 45,160 | 43,525 |
Total liabilities and shareholders’ equity | $ 591,952 | $ 548,230 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Statement Of Financial Position [Abstract] | ||
Securities held for sale, at amortized cost, fair value | $ 11,575 | $ 11,934 |
Common stock, par value | $ 1.25 | $ 1.25 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 6,978,263 | 7,050,315 |
Common stock, shares outstanding | 6,978,263 | 7,050,315 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Interest Income | ||||
Loans, including fees | $ 4,214 | $ 4,025 | $ 12,336 | $ 11,820 |
Investment securities | ||||
US Treasury | 5 | 11 | 28 | 34 |
US Government agencies and corporations | 369 | 313 | 1,122 | 939 |
State and political subdivisions | 121 | 125 | 361 | 375 |
Interest-earning deposits with banks and federal funds sold | 258 | 78 | 520 | 236 |
Total interest income | 4,967 | 4,552 | 14,367 | 13,404 |
Interest Expense | ||||
Interest checking and money market accounts | 113 | 82 | 295 | 229 |
Savings deposits | 12 | 12 | 37 | 35 |
Time deposits, $250,000 and over | 16 | 14 | 46 | 44 |
Other time deposits | 51 | 59 | 143 | 255 |
Short-term borrowed funds | 1 | 3 | 14 | 32 |
Long-term debt | 138 | 139 | 410 | 412 |
Total interest expense | 331 | 309 | 945 | 1,007 |
Net interest income | 4,636 | 4,243 | 13,422 | 12,397 |
Provision for (recovery of) loan losses | (136) | 240 | (309) | 70 |
Net interest income after provision for (recovery of) loan losses | 4,772 | 4,003 | 13,731 | 12,327 |
Noninterest Income | ||||
Service charges on deposit accounts | 299 | 309 | 874 | 904 |
Other service fees and commissions | 1,003 | 1,055 | 3,206 | 3,330 |
Gain (loss) on sale of securities (includes reclassification of ($14,000), $2,000, ($14,000) and $544,000 from accumulated other comprehensive income) | (12) | 2 | (12) | 544 |
Gain (loss) on fixed assets and other assets | 3 | (1) | 3 | (3) |
Income from mortgage loan sales | 790 | 1,111 | 2,539 | 2,769 |
Other income | 215 | 117 | 567 | 389 |
Total noninterest income | 2,298 | 2,593 | 7,177 | 7,933 |
Noninterest Expense | ||||
Salaries and employee benefits | 3,647 | 3,626 | 10,987 | 10,792 |
Net occupancy expense | 327 | 327 | 938 | 850 |
Equipment expense | 151 | 159 | 451 | 488 |
Data processing costs | 429 | 161 | 789 | 529 |
Office supplies and printing | 27 | 34 | 89 | 117 |
Foreclosed real estate expense | 48 | 29 | 312 | 204 |
Professional fees and services | 223 | 171 | 570 | 541 |
Marketing and donations | 251 | 224 | 737 | 651 |
Electronic banking expense | 317 | 303 | 921 | 884 |
Software amortization and maintenance | 198 | 174 | 569 | 508 |
FDIC insurance | 76 | 86 | 167 | 257 |
Other noninterest expense | 529 | 534 | 1,712 | 1,934 |
Total noninterest expense | 6,223 | 5,828 | 18,242 | 17,755 |
Income before income taxes | 847 | 768 | 2,666 | 2,505 |
Income taxes (includes reclassification of ($5,000), $1,000, ($5,000) and $210,000 from accumulated other comprehensive income) | 259 | 228 | 829 | 745 |
Net income | 588 | 540 | 1,837 | 1,760 |
Less: net income attributable to noncontrolling interest | (148) | (149) | (442) | (444) |
Net income attributable to Uwharrie Capital Corp | 440 | 391 | 1,395 | 1,316 |
Dividends – preferred stock | 0 | 0 | 0 | 0 |
Net income (loss) available to common shareholders | $ 440 | $ 391 | $ 1,395 | $ 1,316 |
Net income (loss) per common share | ||||
Basic | $ 0.06 | $ 0.06 | $ 0.20 | $ 0.19 |
Diluted | $ 0.06 | $ 0.06 | $ 0.20 | $ 0.19 |
Weighted average shares outstanding | ||||
Basic | 6,979,137 | 7,095,112 | 7,008,240 | 7,111,733 |
Diluted | 6,979,985 | 7,095,112 | 7,008,845 | 7,111,733 |
Consolidated Statements of Inc5
Consolidated Statements of Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Income Statement [Abstract] | ||||
Reclassification from accumulated other comprehensive income | $ (14) | $ 2 | $ (14) | $ 544 |
Tax effect on amount reclassified from accumulated other comprehensive income | $ (5) | $ 1 | $ (5) | $ 210 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net Income | $ 588 | $ 540 | $ 1,837 | $ 1,760 |
Unrealized gain on available for sale securities | 40 | (268) | 884 | 1,165 |
Related tax effect | (14) | 90 | (301) | (422) |
Reclassification of (gain) losses recognized in net income | 14 | (2) | 14 | (544) |
Related tax effect | (5) | 1 | (5) | 210 |
Total other comprehensive income | 35 | (179) | 592 | 409 |
Comprehensive income | 623 | 361 | 2,429 | 2,169 |
Less: Comprehensive income attributable to noncontrolling interest | (148) | (149) | (442) | (444) |
Comprehensive income attributable to Uwharrie Capital Corp | $ 475 | $ 212 | $ 1,987 | $ 1,725 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Number of Common Shares Issued [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Undivided Profits [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interest [Member] |
Net Income | $ 1,760 | ||||||
Other comprehensive income | 409 | ||||||
Net Income | 540 | ||||||
Other comprehensive income | (179) | ||||||
Beginning balance at Dec. 31, 2016 | 43,525 | $ 8,813 | $ 12,540 | $ 12,867 | $ (1,318) | $ 10,623 | |
Beginning balance, shares at Dec. 31, 2016 | 7,050,315 | ||||||
Net Income | 1,837 | 1,395 | 442 | ||||
Repurchase of common stock | (372) | (90) | (282) | ||||
Repurchase of common stock, shares | (72,052) | ||||||
Other comprehensive income | 592 | 592 | |||||
Record preferred stock dividend Series B (noncontrolling interest) | (311) | (311) | |||||
Record preferred stock dividend Series C (noncontrolling interest) | (111) | (111) | |||||
Ending balance at Sep. 30, 2017 | 45,160 | 8,723 | 12,258 | 14,262 | (726) | 10,643 | |
Ending balance, shares at Sep. 30, 2017 | 6,978,263 | ||||||
Net Income | 588 | ||||||
Other comprehensive income | 35 | ||||||
Ending balance at Sep. 30, 2017 | $ 45,160 | $ 8,723 | $ 12,258 | $ 14,262 | $ (726) | $ 10,643 | |
Ending balance, shares at Sep. 30, 2017 | 6,978,263 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash flows from operating activities | ||
Net Income | $ 1,837 | $ 1,760 |
Adjustments to reconcile net income to net cash Provided (used) by operating activities: | ||
Depreciation and amortization | 636 | 615 |
Provision/ (recovery) of loan losses | (309) | 70 |
(Gain) loss on sale of securities available for sale | 12 | (544) |
(Gain) loss on sale of OREO | 31 | (20) |
Net amortization of premium on investment securities AFS | 665 | 745 |
Net amortization of premium on investment securities HTM | 112 | 103 |
Net amortization of mortgage servicing rights | 557 | 756 |
OREO write downs | 92 | 15 |
Net change in: | ||
Originations and purchases of mortgage loans for sale | (70,968) | (82,825) |
Proceeds from sales of mortgage loans for sale | 73,509 | 85,453 |
Accrued interest receivable | 113 | 44 |
Prepaid assets | (174) | (490) |
Cash surrender value of life insurance | (92) | (98) |
Miscellaneous other assets | (493) | (231) |
Accrued interest payable | (18) | |
Miscellaneous other liabilities | 1,439 | 1,202 |
Net cash provided by operating activities | 6,967 | 6,537 |
Cash flows from investing activities | ||
Proceeds from sales of investment securities available for sale | 8,918 | 23,095 |
Proceeds from maturities, calls & paydowns of investment securities held to maturity | 385 | 143 |
Proceeds from maturities, calls & paydowns of investment securities available for sale | 5,823 | 5,668 |
Purchase of investment securities held to maturity | (1,027) | |
Purchase of investment securities available for sale | (6,338) | (39,597) |
Purchase of life insurance investment | (1,525) | |
Net change in restricted stock | (16) | (12) |
Net increase in loans | (8,401) | (24,515) |
Proceeds from sales of premises, equipment, and other assets | 150 | |
Purchase of premises and equipment | (765) | (324) |
Proceeds from sale of OREO | 1,733 | 880 |
Net cash used by investing activities | (186) | (35,539) |
Cash flows from financing activities | ||
Net increase in deposit accounts | 41,534 | 21,322 |
Net decrease in federal funds purchased and other short-term borrowings | (380) | (3,972) |
Repayment of other borrowings | (506) | (10) |
Common stock repurchases | (372) | (260) |
Dividends paid on preferred stock | (442) | (424) |
Net cash provided by financing activities | 39,834 | 16,656 |
Increase (decrease) in cash and cash equivalents | 46,615 | (12,346) |
Cash and cash equivalents, beginning of period | 45,968 | 68,933 |
Cash and cash equivalents, end of period | 92,583 | 56,587 |
Supplemental Disclosures of Cash Flow Information | ||
Interest paid | 946 | 1,025 |
Income taxes paid | 660 | 252 |
Supplemental Schedule of Non-Cash Activities | ||
Net change in fair value securities available for sale, net of tax | 592 | 410 |
Loans transferred to foreclosed real estate | 361 | 315 |
Mortgage servicing rights capitalized | $ 451 | $ 756 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2017 | |
Organization Consolidation And Presentation Of Financial Statements Abstract | |
Basis of Presentation | Note 1 – Basis of Presentation The financial statements and accompanying notes are presented on a consolidated basis including Uwharrie Capital Corp (the “Company”) and its subsidiaries, Uwharrie Bank (the “Bank”), Uwharrie Investment Advisors, Inc. (“UIA”), and Uwharrie Mortgage, Inc. The Bank consolidates its subsidiaries, the Strategic Alliance Corporation, BOS Agency, Inc. and Gateway Mortgage, Inc., each of which is wholly owned by the Bank. The information contained in the consolidated financial statements is unaudited. In the opinion of management, the consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and material adjustments necessary for a fair presentation of results of interim periods, all of which are of a normal recurring nature, have been made. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for an entire year. Management is not aware of economic events, outside influences or changes in concentrations of business that would require additional clarification or disclosure in the consolidated financial statements. The organization and business of the Company, accounting policies followed by the Company and other information are contained in the notes to consolidated financial statements filed as part of the Company’s 2016 Annual Report on Form 10-K. This Quarterly Report should be read in conjunction with such Annual Report. Use of Estimates The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses. |
Comprehensive Income
Comprehensive Income | 9 Months Ended |
Sep. 30, 2017 | |
Equity [Abstract] | |
Comprehensive Income | Note 2 – Comprehensive Income The Company reports as comprehensive income all changes in shareholders’ equity during the year from sources other than shareholders. Other comprehensive income refers to all components (revenues, expenses, gains, and losses) of comprehensive income that are excluded from net income. The Company’s only component of other comprehensive income is unrealized gains and losses, net of income tax, on investment securities available for sale. The following table presents the changes in accumulated other comprehensive income for the three and nine months ended September 30, 2017 and 2016: Unrealized holding gains on available-for-sale securities (net) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Beginning Balance $ (761 ) $ 376 $ (1,318 ) $ (212 ) Other Comprehensive income (loss) before reclassifications, net of ($14,000), $90,000, ($301,000) and ($422,000) tax effect, respectively 26 (178 ) 583 743 Amounts reclassified from accumulated other comprehensive income, net of ($5,000), $1,000, ($5,000) and $210,000 tax effect 9 (1 ) 9 (334 ) Net current-period other comprehensive income (loss) 35 (179 ) 592 409 Ending Balance $ (726 ) $ 197 $ (726 ) $ 197 |
Noncontrolling Interest
Noncontrolling Interest | 9 Months Ended |
Sep. 30, 2017 | |
Noncontrolling Interest [Abstract] | |
Noncontrolling Interest | Note 3 – Noncontrolling Interest In January 2013, the Company’s subsidiary banks issued a total of $7.9 million of Fixed Rate Noncumulative Perpetual Preferred Stock, Series B. The preferred stock qualified as Tier 1 capital at each bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. This capital is presented as a noncontrolling interest in the consolidated balance sheets. Dividends declared on this preferred stock are presented as earnings allocated to the noncontrolling interest in the consolidated statements of income. Effective September 1, 2013, the Fixed Rate Noncumulative Perpetual Preferred Stock, Series B was rolled into one issue under Uwharrie Bank in connection with the consolidation and name change of the Company’s subsidiary banks. During 2013, the Company’s subsidiary bank, Uwharrie Bank, raised $2.8 million of Fixed Rate Noncumulative Perpetual Preferred Stock, Series C. The preferred stock qualifies as Tier 1 capital at the bank and pays dividends at an annual rate of 5.30%. The preferred stock has no voting rights. |
Per Share Data
Per Share Data | 9 Months Ended |
Sep. 30, 2017 | |
Earnings Per Share [Abstract] | |
Per Share Data | Note 4 – Per Share Data Basic and diluted net income per common share is computed based on the weighted average number of shares outstanding during each period after retroactively adjusting for stock dividends. Diluted net income per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income of the Company. The Company had stock options outstanding covering 13,116 shares of common stock at both September 30, 2017 and December 31, 2016. All of these options were dilutive because the strike price was lower than the market price. Basic and diluted net income per common share have been computed based upon net income available to common shareholders as presented in the accompanying consolidated statements of income divided by the weighted average number of common shares outstanding or assumed to be outstanding. The computation of basic and diluted earnings per share is summarized below: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Weighted average number of common shares outstanding 6,979,137 7,095,112 7,008,240 7,111,733 Effect of dilutive stock options 848 — 605 — Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share 6,979,985 7,095,112 7,008,845 7,111,733 |
Investment Securities
Investment Securities | 9 Months Ended |
Sep. 30, 2017 | |
Investments Debt And Equity Securities [Abstract] | |
Investment Securities | Note 5 – Investment Securities Carrying amounts and fair values of securities available for sale and held to maturity are summarized below: September 30, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in thousands) Securities available for sale U.S. Treasury $ — $ — $ — $ — U.S. Government agencies 57,007 24 619 56,412 GSE - Mortgage-backed securities and CMO’s 22,352 36 271 22,117 State and political subdivisions 14,413 47 348 14,112 Corporate bonds 5,045 34 3 5,076 Total securities available for sale $ 98,817 $ 141 $ 1,241 $ 97,717 September 30, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in thousands) Securities held to maturity U.S. Government agencies $ 1,351 $ 9 $ — $ 1,360 State and political subdivisions 6,938 63 28 6,973 Corporate bonds 3,204 38 — 3,242 Total securities held to maturity $ 11,493 $ 110 $ 28 $ 11,575 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in thousands) Securities available for sale U.S. Treasury $ 4,017 $ — $ 3 $ 4,014 U.S. Government agencies 58,506 28 863 57,671 GSE - Mortgage-backed securities and CMO’s 26,195 39 586 25,648 State and political subdivisions 14,123 71 658 13,536 Corporate bonds 5,054 14 38 5,030 Total securities available for sale $ 107,895 $ 152 $ 2,148 $ 105,899 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in thousands) Securities held to maturity U.S. Government agencies $ 1,754 $ — $ 17 $ 1,737 State and political subdivisions 6,974 7 60 6,921 Corporate bonds 3,262 14 — 3,276 Total securities held to maturity $ 11,990 $ 21 $ 77 $ 11,934 At September 30, 2017 and December 31, 2016, the Company owned Federal Reserve Bank (FRB) stock reported at cost of $509,000 and $507,000, and Federal Home Loan Bank (FHLB) stock of $559,000 and $545,000, respectively. The investments in FRB stock and FHLB stock are required investments related to the Company’s membership in, and borrowings with, these banks and classified as restricted stock on the consolidated balance sheet. These investments are carried at cost since there is no ready market and redemption has historically been made at par value. The Company estimated the fair value approximated cost and that these investments were not impaired at September 30, 2017. Results from sales of securities available for sale for the three and nine-month periods ended September 30, 2017 and September 30, 2016 are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Gross proceeds from sales $ 8,918 $ — $ 8,918 $ 20,225 Realized gains from sales $ — $ 2 $ — $ 544 Realized losses from sales 12 — 12 — Net realized gains $ (12 ) $ 2 $ (12 ) $ 544 At September 30, 2017 and December 31, 2016, securities available for sale with a carrying amount of $80.7 million and $74.8 million, respectively, were pledged as collateral on public deposits and for other purposes as required or permitted by law. The following tables show the gross unrealized losses and fair value of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2017 and December 31, 2016. These unrealized losses on investment securities are a result of temporary fluctuations in market prices due to a rise in interest rates, which will adjust if rates decline, and in a volatile market and are in no way a reflection of the credit quality of the investments. Management does not believe these fluctuations are a reflection of the quality of the investments. At September 30, 2017, the unrealized losses on available for sale securities less than twelve months related to Less than 12 Months 12 Months or More Total September 30, 2017 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (dollars in thousands) Securities available for sale temporary impairment U.S. Gov’t agencies 29,110 235 21,377 384 50,487 619 GSE-Mortgage-backed securities and CMO’s 6,148 40 11,456 231 17,604 271 State and political 1,162 25 10,224 323 11,386 348 Corporate bonds — — 806 3 806 3 Total securities available for sale $ 36,420 $ 300 $ 43,863 $ 941 $ 80,283 $ 1,241 Less than 12 Months 12 Months or More Total September 30, 2017 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (dollars in thousands) Held to maturity temporary impairment State and political 2,033 28 — — 2,033 28 Total securities held to maturity $ 2,033 $ 28 $ — $ — $ 2,033 $ 28 Less than 12 Months 12 Months or More Total December 31, 2016 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (dollars in thousands) Securities available for sale temporary impairment U.S. Treasury $ 4,014 $ 3 $ — $ — $ 4,014 $ 3 U.S. Gov’t agencies 48,192 807 4,164 56 52,356 863 GSE-Mortgage-backed securities and CMO’s 16,250 395 5,251 191 21,501 586 State and political 9,994 658 — — 9,994 658 Corporate bonds 1,999 27 800 11 2,799 38 Total securities available for sale $ 80,449 $ 1,890 $ 10,215 $ 258 $ 90,664 $ 2,148 Less than 12 Months 12 Months or More Total December 31, 2016 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (dollars in thousands) Held to maturity temporary impairment U.S. Gov’t agencies $ 1,895 $ 17 $ — $ — $ 1,895 $ 17 State and political 6,056 60 — — 6,056 60 Total securities held to maturity $ 7,951 $ 77 $ — $ — $ 7,951 $ 77 Declines in the fair value of the investment portfolio are believed by management to be temporary in nature. When evaluating an investment for other-than-temporary impairment, management considers, among other things, the length of time and the extent to which the fair value has been in a loss position, the financial condition of the issuer and the intent and the ability of the Company to hold the investment until the loss position is recovered. Any unrealized losses were largely due to increases in market interest rates over the yields available at the time of purchase. The fair value is expected to recover as the bonds approach their maturity date or market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of quality but that the losses are temporary in nature. At September 30, 2017, the Company does not intend to sell and is not likely to be required to sell the available for sale securities that were in a loss position prior to full recovery. The aggregate amortized cost and fair value of the available for sale securities portfolio at September 30, 2017 by remaining contractual maturity are as follows: September 30, 2017 Amortized Cost Estimated Fair Value Book Yield (dollars in thousands) Securities available for sale U.S. Government agencies Due after one but within five years 36,569 36,238 1.40 % Due after five but within ten years 15,022 14,799 1.90 % Due after ten years 5,416 5,375 1.77 % 57,007 56,412 1.57 % Mortgage-backed securities Due after one but within five years 2,662 2,645 2.02 % Due after five but within ten years 5,875 5,866 2.15 % Due after ten years 13,815 13,606 1.93 % 22,352 22,117 2.00 % State and political subdivisions Due after one but within five years 1,955 2,000 4.90 % Due after five but within ten years 2,703 2,657 3.12 % Due after ten years 9,755 9,455 2.45 % 14,413 14,112 2.91 % Corporate Bonds Due after one but within five years 2,829 2,826 2.15 % Due after five but within ten years 2,216 2,250 1.50 % 5,045 5,076 1.86 % Total Securities available for sale Due after one but within five years 44,015 43,709 1.64 % Due after five but within ten years 25,816 25,572 2.05 % Due after ten years 28,986 28,436 2.07 % $ 98,817 $ 97,717 1.88 % September 30, 2017 Amortized Cost Estimated Fair Value Book Yield (dollars in thousands) Held to maturity U. S. Government agencies Due after five but within ten years $ 1,351 $ 1,360 2.49 % 1,351 1,360 2.49 % State and political subdivisions Due after one but within five years 3,700 3,710 2.28 % Due after five but within ten years 3,238 3,263 3.03 % 6,938 6,973 2.63 % Corporate Bonds Due after one but within five years 3,204 3,242 2.76 % 3,204 3,242 2.76 % Total Securities held for maturity Due after one but within five years 6,904 6,952 2.51 % Due after five but within ten years 4,589 4,623 2.87 % $ 11,493 $ 11,575 2.65 % |
Loans Held for Investment
Loans Held for Investment | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Loans Held for Investment | Note 6 – Loans Held for Investment The composition of net loans held for investment by class as of September 30, 2017 and December 31, 2016 are as follows: September 30, 2017 December 31, 2016 (dollars in thousands) Commercial Commercial $ 56,469 $ 55,752 Real estate - commercial 116,178 109,752 Other real estate construction loans 32,511 26,718 Noncommercial Real estate 1-4 family construction 4,360 5,625 Real estate - residential 77,447 81,700 Home equity 49,840 50,815 Consumer loans 10,431 9,711 Other loans 2,703 1,687 349,939 341,760 Less: Allowance for loan losses (2,448 ) (2,707 ) Deferred loan (fees) costs, net (20 ) 69 Loans held for investment, net $ 347,471 $ 339,122 |
Allowance for Loan Losses
Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Allowance for Loan Losses | Note 7 – Allowance for Loan Losses The following table shows the change in the allowance for loan losses by loan segment for the three and nine months ended September 30, 2017 and 2016, respectively: Commercial Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Balance, beginning of period $ 1,323 $ 1,346 $ 1,404 $ 1,310 Provision (recovery) charged to operations (34 ) 271 (169 ) 342 Charge-offs (6 ) (69 ) (22 ) (131 ) Recoveries 18 12 88 39 Net (charge-offs) / Recoveries 12 (57 ) 66 (92 ) Balance at end of period $ 1,301 $ 1,560 $ 1,301 $ 1,560 Non-Commercial Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Balance, beginning of period $ 1,228 $ 1,360 $ 1,303 $ 1,574 Provision (recovery) charged to operations (102 ) (31 ) (140 ) (272 ) Charge-offs (7 ) (118 ) (91 ) (198 ) Recoveries 28 78 75 185 Net (charge-offs) / Recoveries 21 (40 ) (16 ) (13 ) Balance at end of period $ 1,147 $ 1,289 $ 1,147 $ 1,289 Total Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Balance, beginning of period $ 2,551 $ 2,706 $ 2,707 $ 2,884 Provision (recovery) charged to operations (136 ) 240 (309 ) 70 Charge-offs (13 ) (187 ) (113 ) (329 ) Recoveries 46 90 163 224 Net (charge-offs) / Recoveries 33 (97 ) 50 (105 ) Balance at end of period $ 2,448 $ 2,849 $ 2,448 $ 2,849 The following table shows period-end loans and reserve balances by loan segment both individually and collectively evaluated for impairment at September 30, 2017 and December 31, 2016: September 30, 2017 Individually Evaluated Collectively Evaluated Total Reserve Loans Reserve Loans Reserve Loans (dollars in thousands) Commercial $ 13 $ 1,856 $ 1,288 $ 203,302 $ 1,301 $ 205,158 Non-Commercial 154 3,534 993 141,227 1,147 144,761 Total $ 167 $ 5,390 $ 2,281 $ 344,529 $ 2,448 $ 349,919 December 31, 2016 Individually Evaluated Collectively Evaluated Total Reserve Loans Reserve Loans Reserve Loans (dollars in thousands) Commercial $ 16 $ 1,993 $ 1,388 $ 190,229 $ 1,404 $ 192,222 Non-Commercial 123 4,096 1,180 145,511 1,303 149,607 Total $ 139 $ 6,089 $ 2,568 $ 335,740 $ 2,707 $ 341,829 Past due loan information is used by management when assessing the adequacy of the allowance for loan losses. The following table summarizes the past due information of the loan portfolio by class: September 30, 2017 Loans 30-89 Days Past Due Loans 90 Days or More Past due Total Past Due Loans Current Loans Total Loans Accruing Loans 90 or More Days Past Due (dollars in thousands) Commercial $ 34 $ — $ 34 $ 56,435 $ 56,469 $ — Real estate - commercial 114 457 571 116,064 116,178 — Other real estate construction — 53 53 32,511 32,511 — Real estate 1-4 family construction — — — 4,360 4,360 — Real estate - residential 1,356 190 1,546 76,071 77,427 — Home equity 171 58 229 49,669 49,840 — Consumer loans 12 2 14 10,417 10,431 2 Other loans — — — 2,703 2,703 — Total $ 1,687 $ 760 $ 2,447 $ 348,230 $ 349,919 $ 2 December 31, 2016 Loans 30-89 Days Past Due Loans 90 Days or More Past due and Non - Accrual Total Past Due Loans Current Loans Total Loans Accruing Loans 90 or More Days Past Due (dollars in thousands) Commercial $ — $ — $ — $ 55,752 $ 55,752 $ — Real estate - commercial — 392 392 109,360 109,752 — Other real estate construction 106 190 296 26,422 26,718 — Real estate construction — — — 5,625 5,625 — Real estate - residential 510 846 1,356 80,413 81,769 — Home equity 66 22 88 50,727 50,815 — Consumer loan 36 — 36 9,675 9,711 — Other loans — — — 1,687 1,687 — Total $ 718 $ 1,450 $ 2,168 $ 339,661 $ 341,829 $ — Once a loan becomes 90 days past due, the loan is automatically transferred to a nonaccrual status. The exception to this policy is credit card loans that remain in accruing status 90 days or more until they are paid current or charged off. Also, mortgage loans that were originated for sale but were not sold and are being held in the loan portfolio remain in an accruing status until they are foreclosed. The Company had $1.1 million in foreclosed residential real estate and no The composition of nonaccrual loans by class as of September 30, 2017 and December 31, 2016 is as follows: September 30, 2017 December 31, 2016 (dollars in thousands) Real estate - commercial 457 392 Other real estate construction 53 190 Real estate – residential 190 846 Home equity 58 22 Consumer loans 2 — $ 760 $ 1,450 Management uses a risk-grading program to facilitate the evaluation of probable inherent loan losses and to measure the adequacy of the allowance for loan losses. In this program, risk grades are initially assigned by the loan officers and reviewed and monitored by the lenders and credit administration. The program has eight risk grades summarized in five categories as follows: Pass : Loans that are pass grade credits include loans that are fundamentally sound with risk factors that are reasonable and acceptable. They generally conform to policy with only minor exceptions and any major exceptions are clearly mitigated by other economic factors. Watch : Loans that are watch credits include loans on management’s watch list where a risk concern may be anticipated in the near future. Substandard : Loans that are considered substandard are loans that are inadequately protected by current sound net worth, paying capacity of the obligor or the value of the collateral pledged. All nonaccrual loans are graded as substandard. Doubtful: Loans that are considered to be doubtful have all weaknesses inherent in loans classified substandard, plus the added characteristic that the weaknesses make the collection or liquidation in full on the basis of current existing facts, conditions and values highly questionable and improbable. Loss: Loans that are considered to be a loss are considered to be uncollectible and of such little value that their continuance as bankable assets is not warranted. The tables below summarize risk grades of the loan portfolio by class at September 30, 2017 and December 31, 2016: September 30, 2017 Pass Watch Sub- standard Doubtful Total (dollars in thousands) Commercial $ 55,202 $ 1,252 $ 15 $ — $ 56,469 Real estate - commercial 110,810 3,091 2,277 — 116,178 Other real estate construction 30,382 1,736 393 — 32,511 Real estate 1 - 4 family construction 4,360 — — — 4,360 Real estate - residential 69,364 6,839 1,224 — 77,427 Home equity 48,981 800 59 — 49,840 Consumer loans 10,361 69 1 — 10,431 Other loans 2,703 — — — 2,703 Total $ 332,163 $ 13,787 $ 3,969 $ — $ 349,919 December 31, 2016 Pass Watch Sub- standard Doubtful Total (dollars in thousands) Commercial $ 54,906 $ 827 $ 19 $ — $ 55,752 Real estate - commercial 105,366 1,937 2,449 — 109,752 Other real estate construction 24,312 1,876 530 — 26,718 Real estate 1 - 4 family construction 5,625 — — — 5,625 Real estate - residential 71,105 8,551 2,113 — 81,769 Home equity 49,818 973 24 — 50,815 Consumer loans 9,545 163 3 — 9,711 Other loans 1,687 — — — 1,687 Total $ 322,364 $ 14,327 $ 5,138 $ — $ 341,829 Loans that are in nonaccrual status or 90 days past due and still accruing are considered to be nonperforming. At September 30, 2017 there was one loan 90 days past due and still accruing and no loans at December 31, 2016. September 30, 2017 Performing Non- Performing Total (dollars in thousands) Commercial $ 56,469 $ — $ 56,469 Real estate - commercial 115,721 457 116,178 Other real estate construction 32,458 53 32,511 Real estate 1 – 4 family construction 4,360 — 4,360 Real estate – residential 77,238 190 77,427 Home equity 49,781 58 49,840 Consumer loans 10,429 2 10,431 Other loans 2,703 — 2,703 Total $ 349,159 $ 760 $ 349,919 December 31, 2016 Performing Non- Performing Total (dollars in thousands) Commercial $ 55,752 $ — $ 55,752 Real estate - commercial 109,360 392 109,752 Other real estate construction 26,528 190 26,718 Real estate 1 – 4 family construction 5,625 — 5,625 Real estate – residential 80,923 846 81,769 Home equity 50,793 22 50,815 Consumer loans 9,711 — 9,711 Other loans 1,687 — 1,687 Total $ 340,379 $ 1,450 $ 341,829 Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. If a loan is deemed impaired, a specific calculation is performed and a specific reserve is allocated, if necessary. The tables below summarize the loans deemed impaired and the amount of specific reserves allocated by class at September 30, 2017 and December 31, 2016. September 30, 2017 Unpaid Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Related Allowance (dollars in thousands) Commercial $ 11 $ 11 $ — $ — Real estate - commercial 1,692 1,412 280 9 Other real estate construction 691 53 100 4 Real estate 1 - 4 family construction 1 — 1 — Real estate - residential 3,413 1,417 1,996 122 Home equity 71 28 42 32 Consumer loans 49 50 — — Other loans — — — — Total $ 5,928 $ 2,971 $ 2,419 $ 167 December 31, 2016 Unpaid Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Related Allowance (dollars in thousands) Commercial $ 29 $ 13 $ 16 $ 2 Real estate - commercial 1,671 1,552 119 9 Other real estate construction 831 190 103 5 Real estate 1 - 4 family construction 6 — 6 — Real estate - residential 3,994 2,072 1,922 123 Home equity 35 35 — — Consumer loans 61 61 — — Other loans — — — — Total $ 6,627 $ 3,923 $ 2,166 $ 139 Three Months ended September 30, 2017 Three Months ended September 30, 2016 Average Recorded Investment Interest Income Average Recorded Investment Interest Income (dollars in thousands) Commercial $ 11 1 $ 31 — Real estate - commercial 1,661 17 620 9 Other real estate construction 154 1 297 1 Real estate 1- 4 family construction 2 — 9 1 Real estate - residential 3,560 39 4,542 65 Home equity 112 — 46 — Consumer loans 51 — 71 2 Other loans — — — — Total $ 5,551 $ 58 $ 5,616 $ 78 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Average Recorded Investment Interest Income Average Recorded Investment Interest Income (dollars in thousands) Commercial $ 20 $ 1 $ 48 $ 1 Real estate - commercial 1,664 46 624 28 Other real estate construction 223 4 299 4 Real estate 1- 4 family construction 4 — 11 1 Real estate - residential 3,777 124 4,522 176 Home equity 74 1 47 1 Consumer loans 55 3 74 5 Other loans — — — — Total $ 5,817 $ 179 $ 5,625 $ 216 |
Troubled Debt Restructures
Troubled Debt Restructures | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Troubled Debt Restructures | Note 8 – Troubled Debt Restructures A modification of a loan constitutes a troubled debt restructuring (“TDR”) when a borrower is experiencing financial difficulty and the modification involves providing a concession to the existing loan contract. The Company offers various types of concessions when modifying loans to troubled borrowers, however, forgiveness of principal is rarely granted. Concessions offered are term extensions, capitalizing accrued interest, reducing interest rates to below current market rates or a combination of any of these. Combinations from time to time may include allowing a customer to be placed on interest-only payments. The presentations below in the “other” category are TDRs with a combination of concessions. At the time of a TDR, additional collateral or a guarantor may be requested. Loans modified as TDRs are typically already on nonaccrual status and in some cases, partial charge-offs may have already been taken against the outstanding loan balance. The Company classifies TDR loans as impaired loans and evaluates the need for an allowance for loan loss on a loan-by-loan basis. An allowance is based on either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the estimated fair value of the underlying collateral less any selling costs, if the loan is deemed to be collateral dependent. At September 30, 2017, the Company had $4.7 million in TDRs outstanding, none of which were on a non-accruing basis. For the three and nine months ended September 30, 2017 and 2016, the following table presents a breakdown of the types of concessions made by loan class: For the Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (dollars in thousands) Other: Commercial — $ — $ — Real estate - commercial — — — Other real estate construction — — — Real estate 1 – 4 family construction — — — Real estate – residential 1 186 186 Home equity — — — Consumer loans 1 9 7 Other loans — — — Total 2 $ 195 $ 193 For the Three Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (dollars in thousands) Other: Commercial — $ — $ — Real estate - commercial — — — Other real estate construction — — — Real estate 1 – 4 family construction — — — Real estate – residential 2 226 214 Home equity — — — Consumer loans — — — Other loans — — — Total 2 $ 226 $ 214 For the Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (dollars in thousands) Other: Commercial 1 $ 12 $ 11 Real estate - commercial 1 166 163 Other real estate construction — — — Real estate 1 – 4 family construction — — — Real estate – residential 5 661 630 Home equity — — — Consumer loans 1 9 7 Other loans — — — Total 8 $ 848 $ 811 For the Nine Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (dollars in thousands) Other: Commercial — $ — $ — Real estate - commercial — — — Other real estate construction — — — Real estate 1 – 4 family construction — — — Real estate – residential 4 555 482 Home equity — — — Consumer loans — — — Other loans — — — Total 4 $ 555 $ 482 During the twelve months ended September 30, 2017 and September 30, 2016, there was one TDR for which there was a payment default. A default on a TDR is defined as being past due 90 days or being out of compliance with the modification agreement. As previously mentioned, the Company considers TDRs to be impaired loans and has $123,000 in the allowance for loan losses as of September 30, 2017, as a direct result of these TDRs. At September 30, 2016, there was $106,000 in the allowance for loan losses related to TDRs. The following table presents the successes and failures of the types of loan modifications within the previous twelve months as of September 30, 2017 and 2016: Paid In Full Paying as restructured Converted to nonaccrual Foreclosure/ Default Number of Loans Recorded Investments Number of Loans Recorded Investments Number of Loans Recorded Investments Number of Loans Recorded Investments (dollars in thousands) September 30, 2017 Below market Interest rate — $ — — $ — — $ — — $ — Extended payment Terms — — — — — — — — Forgiveness of Principal/Other 5 562 8 811 — — 1 15 Total 5 $ 562 8 $ 811 — $ — 1 $ 15 September 30, 2016 Below market Interest rate — $ — — $ — — $ — — $ — Extended payment Terms — — — — — — — — Forgiveness of Principal/Other 6 433 8 501 — — 4 59 Total 6 $ 433 8 $ 501 — $ — 4 $ 59 The Company has not committed to fund any additional disbursements for TDRs. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 9 – Commitments and Contingencies The Company’s subsidiary bank is 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, lines of credit and standby letters of credit. These instruments involve elements of credit risk in excess of amounts recognized in the accompanying financial statements. The Bank’s risk of loss with unfunded loans and lines of credit or standby letters of credit is represented by the contractual amount of these instruments. The Bank uses the same credit policies in making commitments under such instruments as it does for on-balance sheet instruments. The amount of collateral obtained, if any, is based on management’s credit evaluation of the borrower. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Credit card commitments are unsecured. At September 30, 2017, outstanding financial instruments whose contract amounts represented credit risk were approximately: (dollars in thousands) Commitments to extend credit $ 106,808 Credit card commitments 10,419 Standby letters of credit 1,349 Total commitments $ 118,576 In 2016, the Bank entered into a five-year operating lease for commercial property. The term expires on September 30, 2021. The annual cost of the lease is $151,875 with a 2.625% annual adjustor. During the second quarter of 2017, the Bank entered into a lease that following completion of construction will be ten years and three months. Construction is expected to be complete no later than first quarter of 2018. |
Fair Value Disclosures
Fair Value Disclosures | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures | Note 10 – Fair Value Disclosures Accounting Standards Codification (ASC) 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but clarifies and standardizes some divergent practices that have emerged since prior guidance was issued. ASC 820 creates a three-level hierarchy under which individual fair value estimates are to be ranked based on the relative ASC 820 defines fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which those assets or liabilities are sold and considers assumptions that market participants would use when pricing those assets or liabilities. Fair values determined using Level 1 inputs rely on active and observable markets to price identical assets or liabilities. In situations where identical assets and liabilities are not traded in active markets, fair values may be determined based on Level 2 inputs, which exist when observable data exists for similar assets and liabilities. Fair values for assets and liabilities for which identical or similar assets and liabilities are not actively traded in observable markets are based on Level 3 inputs, which are considered to be unobservable. Among the Company’s assets and liabilities, investment securities available for sale are reported at their fair values on a recurring basis. Certain other assets are adjusted to their fair value on a nonrecurring basis, including other real estate owned, impaired loans, loans held for sale, which are carried at the lower of cost or market; loan servicing rights, where fair value is determined using similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions; and goodwill, which is periodically tested for impairment. Deposits, short-term borrowings and long-term obligations are not reported at fair value. Prices for US Treasury securities are readily available in the active markets in which those securities are traded, and the resulting fair values are shown in the “Level 1 input” column. Prices for government agency securities, mortgage-backed securities and for state, county and municipal securities are obtained for similar securities, and the resulting fair values are shown in the “Level 2 input” column. Prices for all other non-marketable investments are determined based on various assumptions that are not observable. The fair values for these investment securities are shown in the “Level 3 input” column. Non-marketable investment securities, which are carried at their purchase price, include those that may only be redeemed by the issuer. The changes in securities between Level 1 and Level 2 were related to the purchase and sale of several securities and not the transfer of securities. The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment by using one of several methods including collateral value, fair value of similar debt or discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the present value of the expected repayments or fair value of collateral exceed the recorded investments in such loans. The Company typically bases the fair value of the collateral on appraised values which the Company considers Level 3 valuations. Foreclosed assets are adjusted to fair value upon transfer of the loans to other real estate owned. Real estate acquired in settlement of loans is recorded initially at the estimated fair value of the property less estimated selling costs at the date of foreclosure. The initial recorded value may be subsequently reduced by additional allowances, which are charged to earnings if the estimated fair value of the property less estimated selling costs declines below the initial recorded value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. The Company typically bases the fair value of the collateral on appraised values which the Company considers Level 3 valuations. Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate, based on secondary market prices. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. These loans are recorded in Level 2. The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016: September 30, 2017 (dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale: US Government Agencies 56,412 — 56,412 — GSE - Mortgage-backed securities and CMO’s 22,117 — 22,117 — State and political subdivisions 14,112 — 14,112 — Corporate bonds 5,076 — 5,076 — Total assets at fair value $ 97,717 $ — $ 97,717 $ — Total liabilities at fair value $ — $ — $ — $ — December 31, 2016 (dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale: US Treasury $ 4,014 $ 4,014 $ — $ — US Gov’t 57,671 — 57,671 — Mortgage-backed securities and CMO’s 25,648 — 25,648 — State and political subdivisions 13,536 — 13,536 — Corporate bonds 5,030 — 5,030 — Total assets at fair value $ 105,899 $ 4,014 $ 101,885 $ — Total liabilities at fair value $ — $ — $ — $ — The Company may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. GAAP. These include assets that are measured at the lower of cost or market that were recognized at fair value less cost to sell at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below as of September 30, 2017 and December 31, 2016: September 30, 2017 (dollars in thousands) Total Level 1 Level 2 Level 3 Impaired loans $ 2,304 $ — $ — $ 2,304 Other real estate owned 1,827 — — 1,827 Total assets at fair value $ 4,131 $ — $ — $ 4,131 Total liabilities at fair value $ — $ — $ — $ — December 31, 2016 (dollars in thousands) Total Level 1 Level 2 Level 3 Impaired loans $ 2,217 $ — $ — $ 2,217 Other real estate owned 3,130 — — 3,130 Total assets at fair value $ 5,347 $ — $ — $ 5,347 Total liabilities at fair value $ — $ — $ — $ — Quantitative Information about Level 3 Fair Value Measurements September 30, 2017 Valuation Technique Unobservable Input General Range Nonrecurring measurements: Impaired loans Discounted appraisals Collateral discounts and Estimated costs to sell 0 – 25% Discounted cash flows Discount Rate 4%-8.75% OREO Discounted appraisals Collateral discounts and Estimated costs to sell 0 – 10% December 31, 2016 Valuation Technique Unobservable Input General Range Nonrecurring measurements: Impaired loans Discounted appraisals Collateral discounts and Estimated costs to sell 0 – 25% Discounted cash flows Discount rates 4%-8.75% OREO Discounted appraisals Collateral discounts and Estimated costs to sell 0 – 10% At September 30, 2017, impaired loans were being evaluated with discounted expected cash flows and discounted appraisals were being used on collateral dependent loans. |
Fair Values of Financial Instru
Fair Values of Financial Instruments and Interest Rate Risk | 9 Months Ended |
Sep. 30, 2017 | |
Investments All Other Investments [Abstract] | |
Fair Values of Financial Instruments and Interest Rate Risk | Note 11 – ASC 825, “Disclosures about Fair Value of Financial Instruments,” requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring basis or non-recurring basis. The fair value estimates presented at September 30, 2017 and December 31, 2016 are based on relevant market information and information about the financial instruments. Fair value estimates are intended to represent the price an asset could be sold at or the price at which a liability could be settled. However, given there is no active market or observable market transactions for many of the Company’s financial instruments, the Company has made estimates of many of these fair values which are subjective in nature, involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimated values. The estimated fair values disclosed in the following table do not represent market values of all assets and liabilities of the Company and should not be interpreted to represent the underlying value of the Company. The following table reflects a comparison of carrying amounts and the estimated fair value of the financial instruments as of September 30, 2017 and December 31, 2016: September 30, 2017 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 (dollars in thousands) FINANCIAL ASSETS Cash and cash equivalents $ 92,583 92,583 $ 90,093 $ 2,490 $ — Securities available for sale 97,717 97,717 — 97,717 — Securities held to maturity 11,493 11,575 — 11,575 — Loans held for investment, net 349,919 354,125 — — 354,125 Loans held for sale 2,725 2,725 — 2,725 — Restricted stock 1,068 1,068 1,068 — — Accrued interest receivable 1,516 1,516 — — 1,516 FINANCIAL LIABILITIES Deposits $ 527,253 $ 500,388 $ — $ 500,388 $ — Short-term borrowings 1,788 1,788 — 1,788 — Junior subordinated debt 9,534 9,651 — — 9,651 Accrued interest payable 151 151 — — 151 December 31, 2016 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 (dollars in thousands) FINANCIAL ASSETS Cash and cash equivalents $ 45,968 $ 45,995 $ 43,478 $ 2,517 $ — Securities available for sale 105,899 105,899 4,014 101,885 — Securities held to maturity 11,990 11,934 — 11,934 — Loans held for investment, net 339,122 337,348 — — 337,348 Loans held for sale 5,823 5,685 — 5,685 — Restricted stock 1,052 1,052 1,052 — — Accrued interest receivable 1,629 1,629 — — 1,629 FINANCIAL LIABILITIES Deposits 485,719 447,784 — 447,784 — Short-term borrowings 2,674 2,674 — 2,674 — Junior subordinated debt 9,534 9,673 — — 9,673 Accrued interest payable 151 151 — — 151 The following methods and assumptions were used by the Company in estimating the fair value of financial instruments: • Cash and cash equivalents – The carrying amount of cash and cash equivalents approximate their fair values due to the short period of time until their expected realization and are recorded in Level 1 with the exception of time deposits due from banks that are in Level 2. • Securities available for sale – Securities available for sale are carried at fair value based on quoted and observable market prices and are recorded in Levels 1 and 2. Also see discussion in Note 5. • Securities held to maturity – Securities held to maturity are carried at amortized cost and are recorded in Level 2. • Loans – The fair value of loans is estimated based on discounted expected cash flows using the current interest rates at which similar loans would be made and carried in Level 3. Loans held for sale, which represent current mortgage production forward sales not yet delivered, are valued based on secondary market prices. The fair value of loans does not consider the lack of liquidity and uncertainty in the market that would affect the valuation. Loans held for sale are recorded in Level 2. • Restricted stock – It is not practicable to determine fair value of restricted stock which is comprised of Federal Home Loan Bank and Federal Reserve Bank stock due to restrictions placed on its transferability and it is presented at its carrying value and is recorded in Level 1 due to the redemption provisions of the Federal Home Loan Bank and the Federal Reserve Bank. • Accrued interest receivable and payable – Both accrued interest receivable and payable are recorded in Level 3, as there are not active markets for these. • Deposits – The fair value of deposits is estimated based on discounted cash flow analyses using offered market rates and is recorded in Level 2. The fair value of deposits does not consider any customer related intangibles. • Borrowings – The fair value disclosed for short-term borrowings, which are composed of overnight borrowings and debt due within one year approximate the carrying value for such debt and is recorded in Level 2. The estimated fair value for long-term borrowings are estimated based on discounted cash flow analyses using offered market rates. Total borrowings are carried in Level 2. Junior subordinated debt is fair valued based on discounted cash flow analyses and is recorded in Level 3. At September 30, 2017, the Company’s subsidiary bank had outstanding standby letters of credit and commitments to extend credit. These off-balance sheet financial instruments are generally exercisable at the market rate prevailing at the date the underlying transaction will be completed; therefore, the fair value is the fee the Bank is expected to receive. This amount is deemed immaterial by management. See Note 9. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2017 | |
Accounting Changes And Error Corrections [Abstract] | |
Recent Accounting Pronouncements | Note 12 – Recent Accounting Pronouncements In January 2016, the FASB issued ASU 2016-01, “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments in this ASU address certain aspects of recognition, measurement, presentation and disclosure. The amendments in this ASU (i) require equity investments to be measured at fair value with changes in fair value recognized in net income; (ii) simplify the impairment assessment of equity investments without readily determinable fair value; (iii) require public business entities to use exit prices, rather than entry prices, when measuring fair value of financial instruments for disclosure purposes; (iv) require separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements; (v) eliminate the requirement to disclose the method(s) and significant assumptions used to estimate the fair value of financial instruments measured at amortized cost on the balance sheet; (vi) require separate presentation in other comprehensive income of the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; and (vii) state that a valuation allowance on deferred tax assets related to available-for-sale securities should be evaluated in combination with other deferred tax assets. The amendments in this ASU are effective for public business entities for fiscal periods beginning after December 15, 2017, including interim periods within those fiscal years. The ASU only permits early adoption of the instrument-specific credit risk provision. The Company currently does not invest in equity securities, therefore the impact from the adoption of this standard is not expected to be material to the financial position or results of operations of the Company, but new disclosures on fair value will be implemented. In February 2016, the FASB issued ASU 2016-02, “Leases, Topic 842”. This ASU increases the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The key difference between existing standards and this ASU is the requirement for lessees to recognize on their balance sheet all lease contracts with lease terms greater than 12 months, including operating leases. Both a right-of-use asset, representing the right to use the leased asset, and a lease liability, representing the contractual obligation, are required to be recognized on the balance sheet of the lessee at lease commencement. Further, this ASU requires lessees to classify leases as either operating or finance leases, which are substantially similar to the current operating and capital leases classifications. The distinction between these two classifications under the new standard does not relate to balance sheet treatment, but relates to treatment in the statements of income and cash flows. Lessor guidance remains largely unchanged with the exception of how a lessor determines the appropriate lease classification for each lease to better align the lessor guidance with revised lessee classification guidance. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of the new standard, which we anticipate we will adopt during the first quarter of 2019. We currently have one property that we operate under a lease, which would affect both the Consolidated Statements of Income and the Consolidated Balance Sheets. In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 requires an entity to utilize a new impairment model known as the current expected credit loss (“CECL”) model to estimate its lifetime “expected credit loss” and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. The CECL model is expected to result in earlier recognition of credit losses. ASU 2016-13 also requires new disclosures for financial assets measured at amortized cost, loans and available-for-sale debt securities. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. Entities will apply the standard’s provisions as a cumulative effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. We are currently exploring vendor-based options for outsourcing our current model as well as extending our current model to comply with CECL. We continue to assess the potential financial impact to the Company’s financial position. From time to time, the FASB issues exposure drafts of proposed statements of financial accounting standards. Such exposure drafts are subject to comment from the public, to revisions by the FASB and to final issuance by the FASB as statements of financial accounting standards. Management considers the effect of the proposed statements on the consolidated financial statements of the Company and monitors the status of changes to and proposed effective dates of exposure drafts. Reclassification Certain amounts in the 2016 financial statements have been reclassified to conform to the 2017 presentation. These reclassifications do not have an impact on net income or shareholders’ equity. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Organization Consolidation And Presentation Of Financial Statements Abstract | |
Basis of Presentation | The financial statements and accompanying notes are presented on a consolidated basis including Uwharrie Capital Corp (the “Company”) and its subsidiaries, Uwharrie Bank (the “Bank”), Uwharrie Investment Advisors, Inc. (“UIA”), and Uwharrie Mortgage, Inc. The Bank consolidates its subsidiaries, the Strategic Alliance Corporation, BOS Agency, Inc. and Gateway Mortgage, Inc., each of which is wholly owned by the Bank. The information contained in the consolidated financial statements is unaudited. In the opinion of management, the consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and material adjustments necessary for a fair presentation of results of interim periods, all of which are of a normal recurring nature, have been made. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for an entire year. Management is not aware of economic events, outside influences or changes in concentrations of business that would require additional clarification or disclosure in the consolidated financial statements. The organization and business of the Company, accounting policies followed by the Company and other information are contained in the notes to consolidated financial statements filed as part of the Company’s 2016 Annual Report on Form 10-K. This Quarterly Report should be read in conjunction with such Annual Report. |
Use of Estimates | Use of Estimates The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses. |
Comprehensive Income (Tables)
Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Income | The following table presents the changes in accumulated other comprehensive income for the three and nine months ended September 30, 2017 and 2016: Unrealized holding gains on available-for-sale securities (net) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Beginning Balance $ (761 ) $ 376 $ (1,318 ) $ (212 ) Other Comprehensive income (loss) before reclassifications, net of ($14,000), $90,000, ($301,000) and ($422,000) tax effect, respectively 26 (178 ) 583 743 Amounts reclassified from accumulated other comprehensive income, net of ($5,000), $1,000, ($5,000) and $210,000 tax effect 9 (1 ) 9 (334 ) Net current-period other comprehensive income (loss) 35 (179 ) 592 409 Ending Balance $ (726 ) $ 197 $ (726 ) $ 197 |
Per Share Data (Tables)
Per Share Data (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Earnings Per Share | The computation of basic and diluted earnings per share is summarized below: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2017 2016 2017 2016 Weighted average number of common shares outstanding 6,979,137 7,095,112 7,008,240 7,111,733 Effect of dilutive stock options 848 — 605 — Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share 6,979,985 7,095,112 7,008,845 7,111,733 |
Investment Securities (Tables)
Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Investments Debt And Equity Securities [Abstract] | |
Carrying Amounts and Fair Values of Securities Available for Sale and Held to Maturity | Carrying amounts and fair values of securities available for sale and held to maturity are summarized below: September 30, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in thousands) Securities available for sale U.S. Treasury $ — $ — $ — $ — U.S. Government agencies 57,007 24 619 56,412 GSE - Mortgage-backed securities and CMO’s 22,352 36 271 22,117 State and political subdivisions 14,413 47 348 14,112 Corporate bonds 5,045 34 3 5,076 Total securities available for sale $ 98,817 $ 141 $ 1,241 $ 97,717 September 30, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in thousands) Securities held to maturity U.S. Government agencies $ 1,351 $ 9 $ — $ 1,360 State and political subdivisions 6,938 63 28 6,973 Corporate bonds 3,204 38 — 3,242 Total securities held to maturity $ 11,493 $ 110 $ 28 $ 11,575 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in thousands) Securities available for sale U.S. Treasury $ 4,017 $ — $ 3 $ 4,014 U.S. Government agencies 58,506 28 863 57,671 GSE - Mortgage-backed securities and CMO’s 26,195 39 586 25,648 State and political subdivisions 14,123 71 658 13,536 Corporate bonds 5,054 14 38 5,030 Total securities available for sale $ 107,895 $ 152 $ 2,148 $ 105,899 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (dollars in thousands) Securities held to maturity U.S. Government agencies $ 1,754 $ — $ 17 $ 1,737 State and political subdivisions 6,974 7 60 6,921 Corporate bonds 3,262 14 — 3,276 Total securities held to maturity $ 11,990 $ 21 $ 77 $ 11,934 |
Sales of Securities Available for Sale | Results from sales of securities available for sale for the three and nine-month periods ended September 30, 2017 and September 30, 2016 are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Gross proceeds from sales $ 8,918 $ — $ 8,918 $ 20,225 Realized gains from sales $ — $ 2 $ — $ 544 Realized losses from sales 12 — 12 — Net realized gains $ (12 ) $ 2 $ (12 ) $ 544 |
Gross Unrealized Losses and Fair Value of Investments | At December 31, 2016, the unrealized losses on held to maturity securities related to one government agency security Less than 12 Months 12 Months or More Total September 30, 2017 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (dollars in thousands) Securities available for sale temporary impairment U.S. Gov’t agencies 29,110 235 21,377 384 50,487 619 GSE-Mortgage-backed securities and CMO’s 6,148 40 11,456 231 17,604 271 State and political 1,162 25 10,224 323 11,386 348 Corporate bonds — — 806 3 806 3 Total securities available for sale $ 36,420 $ 300 $ 43,863 $ 941 $ 80,283 $ 1,241 Less than 12 Months 12 Months or More Total September 30, 2017 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (dollars in thousands) Held to maturity temporary impairment State and political 2,033 28 — — 2,033 28 Total securities held to maturity $ 2,033 $ 28 $ — $ — $ 2,033 $ 28 Less than 12 Months 12 Months or More Total December 31, 2016 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (dollars in thousands) Securities available for sale temporary impairment U.S. Treasury $ 4,014 $ 3 $ — $ — $ 4,014 $ 3 U.S. Gov’t agencies 48,192 807 4,164 56 52,356 863 GSE-Mortgage-backed securities and CMO’s 16,250 395 5,251 191 21,501 586 State and political 9,994 658 — — 9,994 658 Corporate bonds 1,999 27 800 11 2,799 38 Total securities available for sale $ 80,449 $ 1,890 $ 10,215 $ 258 $ 90,664 $ 2,148 Less than 12 Months 12 Months or More Total December 31, 2016 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (dollars in thousands) Held to maturity temporary impairment U.S. Gov’t agencies $ 1,895 $ 17 $ — $ — $ 1,895 $ 17 State and political 6,056 60 — — 6,056 60 Total securities held to maturity $ 7,951 $ 77 $ — $ — $ 7,951 $ 77 |
Amortized Cost and Fair Value of Available for Sale Securities Portfolio | The aggregate amortized cost and fair value of the available for sale securities portfolio at September 30, 2017 by remaining contractual maturity are as follows: September 30, 2017 Amortized Cost Estimated Fair Value Book Yield (dollars in thousands) Securities available for sale U.S. Government agencies Due after one but within five years 36,569 36,238 1.40 % Due after five but within ten years 15,022 14,799 1.90 % Due after ten years 5,416 5,375 1.77 % 57,007 56,412 1.57 % Mortgage-backed securities Due after one but within five years 2,662 2,645 2.02 % Due after five but within ten years 5,875 5,866 2.15 % Due after ten years 13,815 13,606 1.93 % 22,352 22,117 2.00 % State and political subdivisions Due after one but within five years 1,955 2,000 4.90 % Due after five but within ten years 2,703 2,657 3.12 % Due after ten years 9,755 9,455 2.45 % 14,413 14,112 2.91 % Corporate Bonds Due after one but within five years 2,829 2,826 2.15 % Due after five but within ten years 2,216 2,250 1.50 % 5,045 5,076 1.86 % Total Securities available for sale Due after one but within five years 44,015 43,709 1.64 % Due after five but within ten years 25,816 25,572 2.05 % Due after ten years 28,986 28,436 2.07 % $ 98,817 $ 97,717 1.88 % |
Amortized Cost and Fair Value of Held to Maturity Securities Portfolio | September 30, 2017 Amortized Cost Estimated Fair Value Book Yield (dollars in thousands) Held to maturity U. S. Government agencies Due after five but within ten years $ 1,351 $ 1,360 2.49 % 1,351 1,360 2.49 % State and political subdivisions Due after one but within five years 3,700 3,710 2.28 % Due after five but within ten years 3,238 3,263 3.03 % 6,938 6,973 2.63 % Corporate Bonds Due after one but within five years 3,204 3,242 2.76 % 3,204 3,242 2.76 % Total Securities held for maturity Due after one but within five years 6,904 6,952 2.51 % Due after five but within ten years 4,589 4,623 2.87 % $ 11,493 $ 11,575 2.65 % |
Loans Held for Investment (Tabl
Loans Held for Investment (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Composition of Net Loans Held for Investment by Class | The composition of net loans held for investment by class as of September 30, 2017 and December 31, 2016 are as follows: September 30, 2017 December 31, 2016 (dollars in thousands) Commercial Commercial $ 56,469 $ 55,752 Real estate - commercial 116,178 109,752 Other real estate construction loans 32,511 26,718 Noncommercial Real estate 1-4 family construction 4,360 5,625 Real estate - residential 77,447 81,700 Home equity 49,840 50,815 Consumer loans 10,431 9,711 Other loans 2,703 1,687 349,939 341,760 Less: Allowance for loan losses (2,448 ) (2,707 ) Deferred loan (fees) costs, net (20 ) 69 Loans held for investment, net $ 347,471 $ 339,122 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Changes in Allowance for Loan Losses | The following table shows the change in the allowance for loan losses by loan segment for the three and nine months ended September 30, 2017 and 2016, respectively: Commercial Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Balance, beginning of period $ 1,323 $ 1,346 $ 1,404 $ 1,310 Provision (recovery) charged to operations (34 ) 271 (169 ) 342 Charge-offs (6 ) (69 ) (22 ) (131 ) Recoveries 18 12 88 39 Net (charge-offs) / Recoveries 12 (57 ) 66 (92 ) Balance at end of period $ 1,301 $ 1,560 $ 1,301 $ 1,560 Non-Commercial Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Balance, beginning of period $ 1,228 $ 1,360 $ 1,303 $ 1,574 Provision (recovery) charged to operations (102 ) (31 ) (140 ) (272 ) Charge-offs (7 ) (118 ) (91 ) (198 ) Recoveries 28 78 75 185 Net (charge-offs) / Recoveries 21 (40 ) (16 ) (13 ) Balance at end of period $ 1,147 $ 1,289 $ 1,147 $ 1,289 Total Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (dollars in thousands) Balance, beginning of period $ 2,551 $ 2,706 $ 2,707 $ 2,884 Provision (recovery) charged to operations (136 ) 240 (309 ) 70 Charge-offs (13 ) (187 ) (113 ) (329 ) Recoveries 46 90 163 224 Net (charge-offs) / Recoveries 33 (97 ) 50 (105 ) Balance at end of period $ 2,448 $ 2,849 $ 2,448 $ 2,849 |
Schedule of Loans and Reserve Balances by Loan Segment Both Individually and Collectively Evaluated for Impairment | The following table shows period-end loans and reserve balances by loan segment both individually and collectively evaluated for impairment at September 30, 2017 and December 31, 2016: September 30, 2017 Individually Evaluated Collectively Evaluated Total Reserve Loans Reserve Loans Reserve Loans (dollars in thousands) Commercial $ 13 $ 1,856 $ 1,288 $ 203,302 $ 1,301 $ 205,158 Non-Commercial 154 3,534 993 141,227 1,147 144,761 Total $ 167 $ 5,390 $ 2,281 $ 344,529 $ 2,448 $ 349,919 December 31, 2016 Individually Evaluated Collectively Evaluated Total Reserve Loans Reserve Loans Reserve Loans (dollars in thousands) Commercial $ 16 $ 1,993 $ 1,388 $ 190,229 $ 1,404 $ 192,222 Non-Commercial 123 4,096 1,180 145,511 1,303 149,607 Total $ 139 $ 6,089 $ 2,568 $ 335,740 $ 2,707 $ 341,829 |
Past Due Information of Loan Portfolio by Class | Past due loan information is used by management when assessing the adequacy of the allowance for loan losses. The following table summarizes the past due information of the loan portfolio by class: September 30, 2017 Loans 30-89 Days Past Due Loans 90 Days or More Past due Total Past Due Loans Current Loans Total Loans Accruing Loans 90 or More Days Past Due (dollars in thousands) Commercial $ 34 $ — $ 34 $ 56,435 $ 56,469 $ — Real estate - commercial 114 457 571 116,064 116,178 — Other real estate construction — 53 53 32,511 32,511 — Real estate 1-4 family construction — — — 4,360 4,360 — Real estate - residential 1,356 190 1,546 76,071 77,427 — Home equity 171 58 229 49,669 49,840 — Consumer loans 12 2 14 10,417 10,431 2 Other loans — — — 2,703 2,703 — Total $ 1,687 $ 760 $ 2,447 $ 348,230 $ 349,919 $ 2 December 31, 2016 Loans 30-89 Days Past Due Loans 90 Days or More Past due and Non - Accrual Total Past Due Loans Current Loans Total Loans Accruing Loans 90 or More Days Past Due (dollars in thousands) Commercial $ — $ — $ — $ 55,752 $ 55,752 $ — Real estate - commercial — 392 392 109,360 109,752 — Other real estate construction 106 190 296 26,422 26,718 — Real estate construction — — — 5,625 5,625 — Real estate - residential 510 846 1,356 80,413 81,769 — Home equity 66 22 88 50,727 50,815 — Consumer loan 36 — 36 9,675 9,711 — Other loans — — — 1,687 1,687 — Total $ 718 $ 1,450 $ 2,168 $ 339,661 $ 341,829 $ — |
Composition of Nonaccrual Loans by Class | The composition of nonaccrual loans by class as of September 30, 2017 and December 31, 2016 is as follows: September 30, 2017 December 31, 2016 (dollars in thousands) Real estate - commercial 457 392 Other real estate construction 53 190 Real estate – residential 190 846 Home equity 58 22 Consumer loans 2 — $ 760 $ 1,450 |
Summary of Risk Grades of Portfolio by Class | The tables below summarize risk grades of the loan portfolio by class at September 30, 2017 and December 31, 2016: September 30, 2017 Pass Watch Sub- standard Doubtful Total (dollars in thousands) Commercial $ 55,202 $ 1,252 $ 15 $ — $ 56,469 Real estate - commercial 110,810 3,091 2,277 — 116,178 Other real estate construction 30,382 1,736 393 — 32,511 Real estate 1 - 4 family construction 4,360 — — — 4,360 Real estate - residential 69,364 6,839 1,224 — 77,427 Home equity 48,981 800 59 — 49,840 Consumer loans 10,361 69 1 — 10,431 Other loans 2,703 — — — 2,703 Total $ 332,163 $ 13,787 $ 3,969 $ — $ 349,919 December 31, 2016 Pass Watch Sub- standard Doubtful Total (dollars in thousands) Commercial $ 54,906 $ 827 $ 19 $ — $ 55,752 Real estate - commercial 105,366 1,937 2,449 — 109,752 Other real estate construction 24,312 1,876 530 — 26,718 Real estate 1 - 4 family construction 5,625 — — — 5,625 Real estate - residential 71,105 8,551 2,113 — 81,769 Home equity 49,818 973 24 — 50,815 Consumer loans 9,545 163 3 — 9,711 Other loans 1,687 — — — 1,687 Total $ 322,364 $ 14,327 $ 5,138 $ — $ 341,829 |
Summary of Performing and Nonperforming Loans by Class | The following tables show the breakdown between performing and nonperforming loans by class at September 30, 2017 and December 31, 2016: September 30, 2017 Performing Non- Performing Total (dollars in thousands) Commercial $ 56,469 $ — $ 56,469 Real estate - commercial 115,721 457 116,178 Other real estate construction 32,458 53 32,511 Real estate 1 – 4 family construction 4,360 — 4,360 Real estate – residential 77,238 190 77,427 Home equity 49,781 58 49,840 Consumer loans 10,429 2 10,431 Other loans 2,703 — 2,703 Total $ 349,159 $ 760 $ 349,919 December 31, 2016 Performing Non- Performing Total (dollars in thousands) Commercial $ 55,752 $ — $ 55,752 Real estate - commercial 109,360 392 109,752 Other real estate construction 26,528 190 26,718 Real estate 1 – 4 family construction 5,625 — 5,625 Real estate – residential 80,923 846 81,769 Home equity 50,793 22 50,815 Consumer loans 9,711 — 9,711 Other loans 1,687 — 1,687 Total $ 340,379 $ 1,450 $ 341,829 |
Summary of Loans Deemed Impaired and Specific Reserves Allocated by Class | The tables below summarize the loans deemed impaired and the amount of specific reserves allocated by class at September 30, 2017 and December 31, 2016. September 30, 2017 Unpaid Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Related Allowance (dollars in thousands) Commercial $ 11 $ 11 $ — $ — Real estate - commercial 1,692 1,412 280 9 Other real estate construction 691 53 100 4 Real estate 1 - 4 family construction 1 — 1 — Real estate - residential 3,413 1,417 1,996 122 Home equity 71 28 42 32 Consumer loans 49 50 — — Other loans — — — — Total $ 5,928 $ 2,971 $ 2,419 $ 167 December 31, 2016 Unpaid Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Related Allowance (dollars in thousands) Commercial $ 29 $ 13 $ 16 $ 2 Real estate - commercial 1,671 1,552 119 9 Other real estate construction 831 190 103 5 Real estate 1 - 4 family construction 6 — 6 — Real estate - residential 3,994 2,072 1,922 123 Home equity 35 35 — — Consumer loans 61 61 — — Other loans — — — — Total $ 6,627 $ 3,923 $ 2,166 $ 139 Three Months ended September 30, 2017 Three Months ended September 30, 2016 Average Recorded Investment Interest Income Average Recorded Investment Interest Income (dollars in thousands) Commercial $ 11 1 $ 31 — Real estate - commercial 1,661 17 620 9 Other real estate construction 154 1 297 1 Real estate 1- 4 family construction 2 — 9 1 Real estate - residential 3,560 39 4,542 65 Home equity 112 — 46 — Consumer loans 51 — 71 2 Other loans — — — — Total $ 5,551 $ 58 $ 5,616 $ 78 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Average Recorded Investment Interest Income Average Recorded Investment Interest Income (dollars in thousands) Commercial $ 20 $ 1 $ 48 $ 1 Real estate - commercial 1,664 46 624 28 Other real estate construction 223 4 299 4 Real estate 1- 4 family construction 4 — 11 1 Real estate - residential 3,777 124 4,522 176 Home equity 74 1 47 1 Consumer loans 55 3 74 5 Other loans — — — — Total $ 5,817 $ 179 $ 5,625 $ 216 |
Troubled Debt Restructures (Tab
Troubled Debt Restructures (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Breakdown of Types of Concessions Made by Loan Class | For the three and nine months ended September 30, 2017 and 2016, the following table presents a breakdown of the types of concessions made by loan class: For the Three Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (dollars in thousands) Other: Commercial — $ — $ — Real estate - commercial — — — Other real estate construction — — — Real estate 1 – 4 family construction — — — Real estate – residential 1 186 186 Home equity — — — Consumer loans 1 9 7 Other loans — — — Total 2 $ 195 $ 193 For the Three Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (dollars in thousands) Other: Commercial — $ — $ — Real estate - commercial — — — Other real estate construction — — — Real estate 1 – 4 family construction — — — Real estate – residential 2 226 214 Home equity — — — Consumer loans — — — Other loans — — — Total 2 $ 226 $ 214 For the Nine Months Ended September 30, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (dollars in thousands) Other: Commercial 1 $ 12 $ 11 Real estate - commercial 1 166 163 Other real estate construction — — — Real estate 1 – 4 family construction — — — Real estate – residential 5 661 630 Home equity — — — Consumer loans 1 9 7 Other loans — — — Total 8 $ 848 $ 811 For the Nine Months Ended September 30, 2016 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (dollars in thousands) Other: Commercial — $ — $ — Real estate - commercial — — — Other real estate construction — — — Real estate 1 – 4 family construction — — — Real estate – residential 4 555 482 Home equity — — — Consumer loans — — — Other loans — — — Total 4 $ 555 $ 482 |
Schedule of Successes and Failures of Types of Debt Restructuring | The following table presents the successes and failures of the types of loan modifications within the previous twelve months as of September 30, 2017 and 2016: Paid In Full Paying as restructured Converted to nonaccrual Foreclosure/ Default Number of Loans Recorded Investments Number of Loans Recorded Investments Number of Loans Recorded Investments Number of Loans Recorded Investments (dollars in thousands) September 30, 2017 Below market Interest rate — $ — — $ — — $ — — $ — Extended payment Terms — — — — — — — — Forgiveness of Principal/Other 5 562 8 811 — — 1 15 Total 5 $ 562 8 $ 811 — $ — 1 $ 15 September 30, 2016 Below market Interest rate — $ — — $ — — $ — — $ — Extended payment Terms — — — — — — — — Forgiveness of Principal/Other 6 433 8 501 — — 4 59 Total 6 $ 433 8 $ 501 — $ — 4 $ 59 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
Outstanding Financial Instruments Whose Contract Amounts Represented Credit Risk | At September 30, 2017, outstanding financial instruments whose contract amounts represented credit risk were approximately: (dollars in thousands) Commitments to extend credit $ 106,808 Credit card commitments 10,419 Standby letters of credit 1,349 Total commitments $ 118,576 |
Fair Value Disclosures (Tables)
Fair Value Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Information for Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016: September 30, 2017 (dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale: US Government Agencies 56,412 — 56,412 — GSE - Mortgage-backed securities and CMO’s 22,117 — 22,117 — State and political subdivisions 14,112 — 14,112 — Corporate bonds 5,076 — 5,076 — Total assets at fair value $ 97,717 $ — $ 97,717 $ — Total liabilities at fair value $ — $ — $ — $ — December 31, 2016 (dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale: US Treasury $ 4,014 $ 4,014 $ — $ — US Gov’t 57,671 — 57,671 — Mortgage-backed securities and CMO’s 25,648 — 25,648 — State and political subdivisions 13,536 — 13,536 — Corporate bonds 5,030 — 5,030 — Total assets at fair value $ 105,899 $ 4,014 $ 101,885 $ — Total liabilities at fair value $ — $ — $ — $ — |
Assets Measured at Fair Value on Nonrecurring Basis | Assets measured at fair value on a nonrecurring basis are included in the table below as of September 30, 2017 and December 31, 2016: September 30, 2017 (dollars in thousands) Total Level 1 Level 2 Level 3 Impaired loans $ 2,304 $ — $ — $ 2,304 Other real estate owned 1,827 — — 1,827 Total assets at fair value $ 4,131 $ — $ — $ 4,131 Total liabilities at fair value $ — $ — $ — $ — December 31, 2016 (dollars in thousands) Total Level 1 Level 2 Level 3 Impaired loans $ 2,217 $ — $ — $ 2,217 Other real estate owned 3,130 — — 3,130 Total assets at fair value $ 5,347 $ — $ — $ 5,347 Total liabilities at fair value $ — $ — $ — $ — |
Quantitative Information about Level 3 Fair Value Measurements | Quantitative Information about Level 3 Fair Value Measurements September 30, 2017 Valuation Technique Unobservable Input General Range Nonrecurring measurements: Impaired loans Discounted appraisals Collateral discounts and Estimated costs to sell 0 – 25% Discounted cash flows Discount Rate 4%-8.75% OREO Discounted appraisals Collateral discounts and Estimated costs to sell 0 – 10% December 31, 2016 Valuation Technique Unobservable Input General Range Nonrecurring measurements: Impaired loans Discounted appraisals Collateral discounts and Estimated costs to sell 0 – 25% Discounted cash flows Discount rates 4%-8.75% OREO Discounted appraisals Collateral discounts and Estimated costs to sell 0 – 10% |
Fair Values of Financial Inst30
Fair Values of Financial Instruments and Interest Rate Risk (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Investments All Other Investments [Abstract] | |
Comparison of Carrying Amounts and Estimated Fair Value of Financial Instruments | The following table reflects a comparison of carrying amounts and the estimated fair value of the financial instruments as of September 30, 2017 and December 31, 2016: September 30, 2017 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 (dollars in thousands) FINANCIAL ASSETS Cash and cash equivalents $ 92,583 92,583 $ 90,093 $ 2,490 $ — Securities available for sale 97,717 97,717 — 97,717 — Securities held to maturity 11,493 11,575 — 11,575 — Loans held for investment, net 349,919 354,125 — — 354,125 Loans held for sale 2,725 2,725 — 2,725 — Restricted stock 1,068 1,068 1,068 — — Accrued interest receivable 1,516 1,516 — — 1,516 FINANCIAL LIABILITIES Deposits $ 527,253 $ 500,388 $ — $ 500,388 $ — Short-term borrowings 1,788 1,788 — 1,788 — Junior subordinated debt 9,534 9,651 — — 9,651 Accrued interest payable 151 151 — — 151 December 31, 2016 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 (dollars in thousands) FINANCIAL ASSETS Cash and cash equivalents $ 45,968 $ 45,995 $ 43,478 $ 2,517 $ — Securities available for sale 105,899 105,899 4,014 101,885 — Securities held to maturity 11,990 11,934 — 11,934 — Loans held for investment, net 339,122 337,348 — — 337,348 Loans held for sale 5,823 5,685 — 5,685 — Restricted stock 1,052 1,052 1,052 — — Accrued interest receivable 1,629 1,629 — — 1,629 FINANCIAL LIABILITIES Deposits 485,719 447,784 — 447,784 — Short-term borrowings 2,674 2,674 — 2,674 — Junior subordinated debt 9,534 9,673 — — 9,673 Accrued interest payable 151 151 — — 151 |
Comprehensive Income - Accumula
Comprehensive Income - Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Beginning balance | $ 43,525 | |||
Total other comprehensive income | $ 35 | $ (179) | 592 | $ 409 |
Ending balance | 45,160 | 45,160 | ||
Unrealized Holding Gains on Available-for-Sale Securities (Net) [Member] | ||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Beginning balance | (761) | 376 | (1,318) | (212) |
Other Comprehensive income (loss) before reclassifications, net of ($14,000), $90,000, ($301,000) and ($422,000) tax effect, respectively | 26 | (178) | 583 | 743 |
Amounts reclassified from accumulated other comprehensive income, net of ($5,000), $1,000, ($5,000) and $210,000 tax effect | 9 | (1) | 9 | (334) |
Total other comprehensive income | 35 | (179) | 592 | 409 |
Ending balance | $ (726) | $ 197 | $ (726) | $ 197 |
Comprehensive Income - Accumu32
Comprehensive Income - Accumulated Other Comprehensive Income (Parenthetical) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Tax effect on amount reclassified from accumulated other comprehensive income | $ (5) | $ 1 | $ (5) | $ 210 |
Unrealized Holding Gains on Available-for-Sale Securities (Net) [Member] | ||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Tax effect on Other Comprehensive income (loss) before reclassifications | (14) | 90 | (301) | (422) |
Tax effect on amount reclassified from accumulated other comprehensive income | $ (5) | $ 1 | $ (5) | $ 210 |
Noncontrolling Interest - Addit
Noncontrolling Interest - Additional Information (Detail) - USD ($) $ in Millions | 1 Months Ended | 9 Months Ended | 12 Months Ended |
Jan. 31, 2013 | Sep. 30, 2017 | Dec. 31, 2013 | |
Preferred Stock Series B [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Preferred stock issued | $ 7.9 | ||
Dividends rate | 5.30% | ||
Voting rights | The preferred stock has no voting rights | ||
Preferred Stock Series C [Member] | |||
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | |||
Preferred stock issued | $ 2.8 | ||
Dividends rate | 5.30% | ||
Voting rights | The preferred stock has no voting rights |
Per Share Data - Additional Inf
Per Share Data - Additional Information (Detail) - shares | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Earnings Per Share [Abstract] | ||
Stock options outstanding | 13,116 | 13,116 |
Per Share Data - Computation of
Per Share Data - Computation of Basic and Diluted Earnings Per Share (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Earnings Per Share [Abstract] | ||||
Weighted average number of common shares outstanding | 6,979,137 | 7,095,112 | 7,008,240 | 7,111,733 |
Effect of dilutive stock options | 848 | 0 | 605 | 0 |
Weighted average number of common shares and dilutive potential common shares used in computing diluted net income per common share | 6,979,985 | 7,095,112 | 7,008,845 | 7,111,733 |
Investment Securities - Carryin
Investment Securities - Carrying Amounts and Fair Values of Securities Available for Sale and Held to Maturity (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Amortized Cost | $ 98,817 | $ 107,895 |
Available-for-sale Securities, Gross Unrealized Gains | 141 | 152 |
Available-for-sale Securities, Gross Unrealized Losses | 1,241 | 2,148 |
Available-for-sale Securities, Fair Value | 97,717 | 105,899 |
Held-to-maturity Securities, Amortized Cost | 11,493 | 11,990 |
Held-to-maturity Securities, Gross Unrealized Gains | 110 | 21 |
Held-to-maturity Securities, Gross Unrealized Losses | 28 | 77 |
Held-to-maturity Securities, Fair Value | 11,575 | 11,934 |
U.S. Treasury [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Amortized Cost | 4,017 | |
Available-for-sale Securities, Gross Unrealized Losses | 3 | |
Available-for-sale Securities, Fair Value | 4,014 | |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Amortized Cost | 57,007 | 58,506 |
Available-for-sale Securities, Gross Unrealized Gains | 24 | 28 |
Available-for-sale Securities, Gross Unrealized Losses | 619 | 863 |
Available-for-sale Securities, Fair Value | 56,412 | 57,671 |
Held-to-maturity Securities, Amortized Cost | 1,351 | 1,754 |
Held-to-maturity Securities, Gross Unrealized Gains | 9 | |
Held-to-maturity Securities, Gross Unrealized Losses | 17 | |
Held-to-maturity Securities, Fair Value | 1,360 | 1,737 |
GSE - Mortgage-backed Securities and CMO's [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Amortized Cost | 22,352 | 26,195 |
Available-for-sale Securities, Gross Unrealized Gains | 36 | 39 |
Available-for-sale Securities, Gross Unrealized Losses | 271 | 586 |
Available-for-sale Securities, Fair Value | 22,117 | 25,648 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Amortized Cost | 14,413 | 14,123 |
Available-for-sale Securities, Gross Unrealized Gains | 47 | 71 |
Available-for-sale Securities, Gross Unrealized Losses | 348 | 658 |
Available-for-sale Securities, Fair Value | 14,112 | 13,536 |
Held-to-maturity Securities, Amortized Cost | 6,938 | 6,974 |
Held-to-maturity Securities, Gross Unrealized Gains | 63 | 7 |
Held-to-maturity Securities, Gross Unrealized Losses | 28 | 60 |
Held-to-maturity Securities, Fair Value | 6,973 | 6,921 |
Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Amortized Cost | 5,045 | 5,054 |
Available-for-sale Securities, Gross Unrealized Gains | 34 | 14 |
Available-for-sale Securities, Gross Unrealized Losses | 3 | 38 |
Available-for-sale Securities, Fair Value | 5,076 | 5,030 |
Held-to-maturity Securities, Amortized Cost | 3,204 | 3,262 |
Held-to-maturity Securities, Gross Unrealized Gains | 38 | 14 |
Held-to-maturity Securities, Fair Value | $ 3,242 | $ 3,276 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) | 9 Months Ended | |
Sep. 30, 2017USD ($)Security | Dec. 31, 2016USD ($)Security | |
Schedule of Available-for-sale Securities [Line Items] | ||
Federal Reserve Bank (FRB) stock owned by Company | $ | $ 509,000 | $ 507,000 |
Federal Home Loan Bank (FHLB) stock | $ | 559,000 | 545,000 |
Securities available for sale pledged as collateral on public deposits | $ | $ 80,700,000 | $ 74,800,000 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Number of available for sale securities related to unrealized losses more than twelve months | 12 | 6 |
Number of available for sale securities related to unrealized losses less than twelve months | 8 | 17 |
Number of securities related to unrealized losses | 1 | |
GSE - Mortgage-backed Securities and CMO's [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Number of available for sale securities related to unrealized losses more than twelve months | 9 | 4 |
Number of available for sale securities related to unrealized losses less than twelve months | 4 | 10 |
Available for sale securities | $ | $ 0 | |
U.S. Treasury [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Number of available for sale securities related to unrealized losses less than twelve months | 1 | |
States And Political [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Number of available for sale securities related to unrealized losses less than twelve months | 1 | |
Number of securities related to unrealized losses | 2 | |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Number of available for sale securities related to unrealized losses less than twelve months | 7 | |
Number of securities related to unrealized losses | 8 | |
Corporate Bond [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Number of available for sale securities related to unrealized losses more than twelve months | 1 | 1 |
Number of available for sale securities related to unrealized losses less than twelve months | 1 |
Investment Securities - Sales o
Investment Securities - Sales of Securities Available for Sale (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Investments Debt And Equity Securities [Abstract] | ||||
Gross proceeds from sales | $ 8,918 | $ 8,918 | $ 20,225 | |
Realized gains from sales | $ 2 | 544 | ||
Realized losses from sales | 12 | 12 | ||
Net realized gains | $ (12) | $ 2 | $ (12) | $ 544 |
Investment Securities - Gross U
Investment Securities - Gross Unrealized Losses and Fair Value of Investments (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | $ 36,420 | $ 80,449 |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 300 | 1,890 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 43,863 | 10,215 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 941 | 258 |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 80,283 | 90,664 |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 1,241 | 2,148 |
Held-to-maturity Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 2,033 | 7,951 |
Held-to-maturity-Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 28 | 77 |
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 0 | 0 |
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 0 | 0 |
Held-to-maturity Securities, Gross unrealized losses, Fair Value | 2,033 | 7,951 |
Held-to-maturity Securities, Gross unrealized losses, Unrealized Losses | 28 | 77 |
Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 1,999 | |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 27 | |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 806 | 800 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 3 | 11 |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 806 | 2,799 |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 3 | 38 |
U.S. Treasury [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 4,014 | |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 3 | |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 4,014 | |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 3 | |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 29,110 | 48,192 |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 235 | 807 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 21,377 | 4,164 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 384 | 56 |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 50,487 | 52,356 |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 619 | 863 |
Held-to-maturity Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 1,895 | |
Held-to-maturity-Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 17 | |
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 0 | |
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 0 | |
Held-to-maturity Securities, Gross unrealized losses, Fair Value | 1,895 | |
Held-to-maturity Securities, Gross unrealized losses, Unrealized Losses | 17 | |
GSE - Mortgage-backed Securities and CMO's [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 6,148 | 16,250 |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 40 | 395 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 11,456 | 5,251 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 231 | 191 |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 17,604 | 21,501 |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 271 | 586 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 1,162 | 9,994 |
Available-for-sale Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 25 | 658 |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 10,224 | |
Available-for-sale Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 323 | |
Available-for-sale Securities, Gross unrealized losses, Fair Value | 11,386 | 9,994 |
Available-for-sale Securities, Gross unrealized losses, Unrealized Losses | 348 | 658 |
Held-to-maturity Securities, Gross unrealized losses, Less than Twelve Months, Fair Value | 2,033 | 6,056 |
Held-to-maturity-Securities, Gross unrealized losses, Less than Twelve Months, Unrealized Losses | 28 | 60 |
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Fair Value | 0 | 0 |
Held-to-maturity Securities, Gross unrealized losses, Twelve Months or More, Unrealized Losses | 0 | 0 |
Held-to-maturity Securities, Gross unrealized losses, Fair Value | 2,033 | 6,056 |
Held-to-maturity Securities, Gross unrealized losses, Unrealized Losses | $ 28 | $ 60 |
Investment Securities - Amortiz
Investment Securities - Amortized Cost and Fair Value of Available for Sale Securities Portfolio (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Due after one but within five years, Amortized Cost | $ 44,015 | |
Due after five but within ten years, Amortized Cost | 25,816 | |
Due after ten years, Amortized Cost | 28,986 | |
Available-for-sale Securities, Amortized Cost | 98,817 | $ 107,895 |
Due after one but within five years, Estimated Fair Value | 43,709 | |
Due after five but within ten years, Estimated Fair Value | 25,572 | |
Due after ten years, Estimated Fair Value | 28,436 | |
Fair Value | $ 97,717 | 105,899 |
Due after one but within five years, Book Yield | 1.64% | |
Due after five but within ten years, Book Yield | 2.05% | |
Due after ten years, Book Yield | 2.07% | |
Total securities available for sale, Book Yield | 1.88% | |
Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Due after one but within five years, Amortized Cost | $ 2,829 | |
Due after five but within ten years, Amortized Cost | 2,216 | |
Available-for-sale Securities, Amortized Cost | 5,045 | 5,054 |
Due after one but within five years, Estimated Fair Value | 2,826 | |
Due after five but within ten years, Estimated Fair Value | 2,250 | |
Fair Value | $ 5,076 | 5,030 |
Due after one but within five years, Book Yield | 2.15% | |
Due after five but within ten years, Book Yield | 1.50% | |
Total securities available for sale, Book Yield | 1.86% | |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Due after one but within five years, Amortized Cost | $ 36,569 | |
Due after five but within ten years, Amortized Cost | 15,022 | |
Due after ten years, Amortized Cost | 5,416 | |
Available-for-sale Securities, Amortized Cost | 57,007 | 58,506 |
Due after one but within five years, Estimated Fair Value | 36,238 | |
Due after five but within ten years, Estimated Fair Value | 14,799 | |
Due after ten years, Estimated Fair Value | 5,375 | |
Fair Value | $ 56,412 | 57,671 |
Due after one but within five years, Book Yield | 1.40% | |
Due after five but within ten years, Book Yield | 1.90% | |
Due after ten years, Book Yield | 1.77% | |
Total securities available for sale, Book Yield | 1.57% | |
Mortgage-backed Securities and CMO's [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Due after one but within five years, Amortized Cost | $ 2,662 | |
Due after five but within ten years, Amortized Cost | 5,875 | |
Due after ten years, Amortized Cost | 13,815 | |
Available-for-sale Securities, Amortized Cost | 22,352 | 26,195 |
Due after one but within five years, Estimated Fair Value | 2,645 | |
Due after five but within ten years, Estimated Fair Value | 5,866 | |
Due after ten years, Estimated Fair Value | 13,606 | |
Fair Value | $ 22,117 | 25,648 |
Due after one but within five years, Book Yield | 2.02% | |
Due after five but within ten years, Book Yield | 2.15% | |
Due after ten years, Book Yield | 1.93% | |
Total securities available for sale, Book Yield | 2.00% | |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Due after one but within five years, Amortized Cost | $ 1,955 | |
Due after five but within ten years, Amortized Cost | 2,703 | |
Due after ten years, Amortized Cost | 9,755 | |
Available-for-sale Securities, Amortized Cost | 14,413 | 14,123 |
Due after one but within five years, Estimated Fair Value | 2,000 | |
Due after five but within ten years, Estimated Fair Value | 2,657 | |
Due after ten years, Estimated Fair Value | 9,455 | |
Fair Value | $ 14,112 | $ 13,536 |
Due after one but within five years, Book Yield | 4.90% | |
Due after five but within ten years, Book Yield | 3.12% | |
Due after ten years, Book Yield | 2.45% | |
Total securities available for sale, Book Yield | 2.91% |
Investment Securities - Amort41
Investment Securities - Amortized Cost and Fair Value of Held to Maturity Securities Portfolio (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Due after one but within five years, Amortized Cost | $ 6,904 | |
Due after five but within ten years, Amortized Cost | 4,589 | |
Total Securities held for maturity, Amortized Cost | 11,493 | |
Due after one but within five years, Estimated Fair Value | 6,952 | |
Due after five but within ten years, Estimated Fair Value | 4,623 | |
Total Securities held for maturity, Estimated Fair Value | $ 11,575 | $ 11,934 |
Due after one but within five years | 2.51% | |
Due after five but within ten years | 2.87% | |
Total Securities held for maturity, Estimated Fair Value | 2.65% | |
U.S. Government Agencies [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Due after five but within ten years, Amortized Cost | $ 1,351 | |
Total Securities held for maturity, Amortized Cost | 1,351 | |
Due after five but within ten years, Estimated Fair Value | 1,360 | |
Total Securities held for maturity, Estimated Fair Value | $ 1,360 | 1,737 |
Due after five but within ten years | 2.49% | |
Total Securities held for maturity, Estimated Fair Value | 2.49% | |
State and Political Subdivisions [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Due after one but within five years, Amortized Cost | $ 3,700 | |
Due after five but within ten years, Amortized Cost | 3,238 | |
Total Securities held for maturity, Amortized Cost | 6,938 | |
Due after one but within five years, Estimated Fair Value | 3,710 | |
Due after five but within ten years, Estimated Fair Value | 3,263 | |
Total Securities held for maturity, Estimated Fair Value | $ 6,973 | 6,921 |
Due after five but within ten years | 2.28% | |
Due after ten years, Book Yield | 3.03% | |
Total Securities held for maturity, Estimated Fair Value | 2.63% | |
Corporate Bonds [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Due after one but within five years, Amortized Cost | $ 3,204 | |
Total Securities held for maturity, Amortized Cost | 3,204 | |
Due after one but within five years, Estimated Fair Value | 3,242 | |
Total Securities held for maturity, Estimated Fair Value | $ 3,242 | $ 3,276 |
Due after one but within five years | 2.76% | |
Total Securities held for maturity, Estimated Fair Value | 2.76% |
Loans Held for Investment - Com
Loans Held for Investment - Composition of Net Loans Held for Investment by Class (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | $ 349,939 | $ 341,760 | ||||
Less: | ||||||
Allowance for loan losses | (2,448) | $ (2,551) | (2,707) | $ (2,849) | $ (2,706) | $ (2,884) |
Deferred loan (fees) costs, net | (20) | 69 | ||||
Net loans held for investment | 347,471 | 339,122 | ||||
Commercial [Member] | ||||||
Less: | ||||||
Allowance for loan losses | (1,301) | (1,323) | (1,404) | (1,560) | (1,346) | (1,310) |
Commercial [Member] | Commercial Loan [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | 56,469 | 55,752 | ||||
Commercial [Member] | Real Estate - Commercial [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | 116,178 | 109,752 | ||||
Commercial [Member] | Other Real Estate Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | 32,511 | 26,718 | ||||
Non-Commercial [Member] | ||||||
Less: | ||||||
Allowance for loan losses | (1,147) | $ (1,228) | (1,303) | $ (1,289) | $ (1,360) | $ (1,574) |
Non-Commercial [Member] | Consumer Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | 10,431 | 9,711 | ||||
Non-Commercial [Member] | Real Estate 1 - 4 Family Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | 4,360 | 5,625 | ||||
Non-Commercial [Member] | Real Estate - Residential [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | 77,447 | 81,700 | ||||
Non-Commercial [Member] | Home Equity [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | 49,840 | 50,815 | ||||
Non-Commercial [Member] | Other Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans, Total | $ 2,703 | $ 1,687 |
Allowance for Loan Losses - Cha
Allowance for Loan Losses - Changes in Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Balance, beginning of period | $ 2,551 | $ 2,706 | $ 2,707 | $ 2,884 |
Provision (recovery) charged to operations | (136) | 240 | (309) | 70 |
Charge-offs | (13) | (187) | (113) | (329) |
Recoveries | 46 | 90 | 163 | 224 |
Net (charge-offs) / Recoveries | 33 | (97) | 50 | (105) |
Balance at end of period | 2,448 | 2,849 | 2,448 | 2,849 |
Commercial [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Balance, beginning of period | 1,323 | 1,346 | 1,404 | 1,310 |
Provision (recovery) charged to operations | (34) | 271 | (169) | 342 |
Charge-offs | (6) | (69) | (22) | (131) |
Recoveries | 18 | 12 | 88 | 39 |
Net (charge-offs) / Recoveries | 12 | (57) | 66 | (92) |
Balance at end of period | 1,301 | 1,560 | 1,301 | 1,560 |
Non-Commercial [Member] | ||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||
Balance, beginning of period | 1,228 | 1,360 | 1,303 | 1,574 |
Provision (recovery) charged to operations | (102) | (31) | (140) | (272) |
Charge-offs | (7) | (118) | (91) | (198) |
Recoveries | 28 | 78 | 75 | 185 |
Net (charge-offs) / Recoveries | 21 | (40) | (16) | (13) |
Balance at end of period | $ 1,147 | $ 1,289 | $ 1,147 | $ 1,289 |
Allowance for Loan Losses - Sch
Allowance for Loan Losses - Schedule of Loans and Reserve Balances by Loan Segment Both Individually and Collectively Evaluated for Impairment (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Individually Evaluated, Reserve | $ 167 | $ 139 | ||||
Individually Evaluated, Loans | 5,390 | 6,089 | ||||
Collectively Evaluated, Reserve | 2,281 | 2,568 | ||||
Collectively Evaluated, Loans | 344,529 | 335,740 | ||||
Total Reserve | 2,448 | $ 2,551 | 2,707 | $ 2,849 | $ 2,706 | $ 2,884 |
Total Loans | 349,919 | 341,829 | ||||
Commercial [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Individually Evaluated, Reserve | 13 | 16 | ||||
Individually Evaluated, Loans | 1,856 | 1,993 | ||||
Collectively Evaluated, Reserve | 1,288 | 1,388 | ||||
Collectively Evaluated, Loans | 203,302 | 190,229 | ||||
Total Reserve | 1,301 | 1,323 | 1,404 | 1,560 | 1,346 | 1,310 |
Total Loans | 205,158 | 192,222 | ||||
Non-Commercial [Member] | ||||||
Financing Receivable Allowance For Credit Losses [Line Items] | ||||||
Individually Evaluated, Reserve | 154 | 123 | ||||
Individually Evaluated, Loans | 3,534 | 4,096 | ||||
Collectively Evaluated, Reserve | 993 | 1,180 | ||||
Collectively Evaluated, Loans | 141,227 | 145,511 | ||||
Total Reserve | 1,147 | $ 1,228 | 1,303 | $ 1,289 | $ 1,360 | $ 1,574 |
Total Loans | $ 144,761 | $ 149,607 |
Allowance for Loan Losses - Pas
Allowance for Loan Losses - Past Due Information of Loan Portfolio by Class (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | $ 2,447 | $ 2,168 |
Current Loans | 348,230 | 339,661 |
Total Loans | 349,919 | 341,829 |
Accruing Loans 90 or More Days Past Due | 2 | 0 |
Loans 30-89 Days Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 1,687 | 718 |
Loans 90 Days or More Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 760 | 1,450 |
Real Estate - Commercial [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 571 | 392 |
Current Loans | 116,064 | 109,360 |
Total Loans | 116,178 | 109,752 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Real Estate - Commercial [Member] | Loans 30-89 Days Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 114 | |
Real Estate - Commercial [Member] | Loans 90 Days or More Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 457 | 392 |
Other Real Estate Construction [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 53 | 296 |
Current Loans | 32,511 | 26,422 |
Total Loans | 32,511 | 26,718 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Other Real Estate Construction [Member] | Loans 30-89 Days Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 106 | |
Other Real Estate Construction [Member] | Loans 90 Days or More Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 53 | 190 |
Real Estate 1 - 4 Family Construction [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Current Loans | 4,360 | |
Total Loans | 4,360 | 5,625 |
Accruing Loans 90 or More Days Past Due | 0 | |
Real Estate - Residential [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 1,546 | 1,356 |
Current Loans | 76,071 | 80,413 |
Total Loans | 77,427 | 81,769 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Real Estate - Residential [Member] | Loans 30-89 Days Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 1,356 | 510 |
Real Estate - Residential [Member] | Loans 90 Days or More Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 190 | 846 |
Home Equity [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 229 | 88 |
Current Loans | 49,669 | 50,727 |
Total Loans | 49,840 | 50,815 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Home Equity [Member] | Loans 30-89 Days Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 171 | 66 |
Home Equity [Member] | Loans 90 Days or More Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 58 | 22 |
Other Loans [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Current Loans | 2,703 | 1,687 |
Total Loans | 2,703 | 1,687 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Real Estate Construction [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Current Loans | 5,625 | |
Total Loans | 5,625 | |
Accruing Loans 90 or More Days Past Due | 0 | |
Commercial Loan [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 34 | |
Current Loans | 56,435 | 55,752 |
Total Loans | 56,469 | 55,752 |
Accruing Loans 90 or More Days Past Due | 0 | 0 |
Commercial Loan [Member] | Loans 30-89 Days Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 34 | |
Consumer Loans [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 14 | 36 |
Current Loans | 10,417 | 9,675 |
Total Loans | 10,431 | 9,711 |
Accruing Loans 90 or More Days Past Due | 2 | 0 |
Consumer Loans [Member] | Loans 30-89 Days Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | 12 | $ 36 |
Consumer Loans [Member] | Loans 90 Days or More Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Total Past Due Loans | $ 2 |
Allowance for Loan Losses - Add
Allowance for Loan Losses - Additional Information (Detail) | 9 Months Ended | |
Sep. 30, 2017USD ($)Loan | Dec. 31, 2016Loan | |
Allowance For Loan Losses [Line Items] | ||
Financing receivable recorded investment number of days past due | 90 days | |
Real Estate - Residential [Member] | ||
Allowance For Loan Losses [Line Items] | ||
Foreclosed residential real estate, loan amount | $ 1,100,000 | |
Residential real estate in process of foreclosure, loan amount | $ 0 | |
Number of nonperforming loans | Loan | 1 | 0 |
Allowance for Loan Losses - Com
Allowance for Loan Losses - Composition of Nonaccrual Loans by Class (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | $ 2,447 | $ 2,168 |
Real Estate - Commercial [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 571 | 392 |
Other Real Estate Construction [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 53 | 296 |
Real Estate - Residential [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 1,546 | 1,356 |
Home Equity [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 229 | 88 |
Consumer Loans [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 14 | 36 |
Loans 90 Days or More Past Due [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 760 | 1,450 |
Loans 90 Days or More Past Due [Member] | Real Estate - Commercial [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 457 | 392 |
Loans 90 Days or More Past Due [Member] | Other Real Estate Construction [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 53 | 190 |
Loans 90 Days or More Past Due [Member] | Real Estate - Residential [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 190 | 846 |
Loans 90 Days or More Past Due [Member] | Home Equity [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | 58 | $ 22 |
Loans 90 Days or More Past Due [Member] | Consumer Loans [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Increase in non-performing loans | $ 2 |
Allowance for Loan Losses - Sum
Allowance for Loan Losses - Summary of Risk Grades of Portfolio by Class (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable Recorded Investment [Line Items] | ||
Loans | $ 349,919 | $ 341,829 |
Real Estate - Commercial [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 116,178 | 109,752 |
Other Real Estate Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 32,511 | 26,718 |
Real Estate 1 - 4 Family Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 4,360 | 5,625 |
Real Estate - Residential [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 77,427 | 81,769 |
Home Equity [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 49,840 | 50,815 |
Other Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 2,703 | 1,687 |
Commercial Loan [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 56,469 | 55,752 |
Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 10,431 | 9,711 |
Pass [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 332,163 | 322,364 |
Pass [Member] | Real Estate - Commercial [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 110,810 | 105,366 |
Pass [Member] | Other Real Estate Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 30,382 | 24,312 |
Pass [Member] | Real Estate 1 - 4 Family Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 4,360 | 5,625 |
Pass [Member] | Real Estate - Residential [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 69,364 | 71,105 |
Pass [Member] | Home Equity [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 48,981 | 49,818 |
Pass [Member] | Other Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 2,703 | 1,687 |
Pass [Member] | Commercial Loan [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 55,202 | 54,906 |
Pass [Member] | Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 10,361 | 9,545 |
Watch [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 13,787 | 14,327 |
Watch [Member] | Real Estate - Commercial [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 3,091 | 1,937 |
Watch [Member] | Other Real Estate Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 1,736 | 1,876 |
Watch [Member] | Real Estate - Residential [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 6,839 | 8,551 |
Watch [Member] | Home Equity [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 800 | 973 |
Watch [Member] | Commercial Loan [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 1,252 | 827 |
Watch [Member] | Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 69 | 163 |
Sub-standard [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 3,969 | 5,138 |
Sub-standard [Member] | Real Estate - Commercial [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 2,277 | 2,449 |
Sub-standard [Member] | Other Real Estate Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 393 | 530 |
Sub-standard [Member] | Real Estate - Residential [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 1,224 | 2,113 |
Sub-standard [Member] | Home Equity [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 59 | 24 |
Sub-standard [Member] | Commercial Loan [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 15 | 19 |
Sub-standard [Member] | Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | $ 1 | $ 3 |
Allowance for Loan Losses - S49
Allowance for Loan Losses - Summary of Performing and Nonperforming Loans by Class (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable Recorded Investment [Line Items] | ||
Loans | $ 349,919 | $ 341,829 |
Real Estate - Commercial [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 116,178 | 109,752 |
Other Real Estate Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 32,511 | 26,718 |
Real Estate 1 - 4 Family Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 4,360 | 5,625 |
Real Estate - Residential [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 77,427 | 81,769 |
Home Equity [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 49,840 | 50,815 |
Other Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 2,703 | 1,687 |
Commercial Loan [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 56,469 | 55,752 |
Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 10,431 | 9,711 |
Performing [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 349,159 | 340,379 |
Performing [Member] | Real Estate - Commercial [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 115,721 | 109,360 |
Performing [Member] | Other Real Estate Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 32,458 | 26,528 |
Performing [Member] | Real Estate 1 - 4 Family Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 4,360 | 5,625 |
Performing [Member] | Real Estate - Residential [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 77,238 | 80,923 |
Performing [Member] | Home Equity [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 49,781 | 50,793 |
Performing [Member] | Other Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 2,703 | 1,687 |
Performing [Member] | Commercial Loan [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 56,469 | 55,752 |
Performing [Member] | Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 10,429 | 9,711 |
Non-Performing [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 760 | 1,450 |
Non-Performing [Member] | Real Estate - Commercial [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 457 | 392 |
Non-Performing [Member] | Other Real Estate Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 53 | 190 |
Non-Performing [Member] | Real Estate - Residential [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 190 | 846 |
Non-Performing [Member] | Home Equity [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | 58 | $ 22 |
Non-Performing [Member] | Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Loans | $ 2 |
Allowance for Loan Losses - S50
Allowance for Loan Losses - Summary of Loans Deemed Impaired and Specific Reserves Allocated by Class (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Financing Receivable Impaired [Line Items] | |||||
Unpaid Principal Balance | $ 5,928 | $ 5,928 | $ 6,627 | ||
Recorded Investment With No Allowance | 2,971 | 2,971 | 3,923 | ||
Recorded Investment With Allowance | 2,419 | 2,419 | 2,166 | ||
Related Allowance | 167 | 167 | 139 | ||
Average Recorded Investment | 5,551 | $ 5,616 | 5,817 | $ 5,625 | |
Interest Income | 58 | 78 | 179 | 216 | |
Real Estate - Commercial [Member] | |||||
Financing Receivable Impaired [Line Items] | |||||
Unpaid Principal Balance | 1,692 | 1,692 | 1,671 | ||
Recorded Investment With No Allowance | 1,412 | 1,412 | 1,552 | ||
Recorded Investment With Allowance | 280 | 280 | 119 | ||
Related Allowance | 9 | 9 | 9 | ||
Average Recorded Investment | 1,661 | 620 | 1,664 | 624 | |
Interest Income | 17 | 9 | 46 | 28 | |
Other Real Estate Construction [Member] | |||||
Financing Receivable Impaired [Line Items] | |||||
Unpaid Principal Balance | 691 | 691 | 831 | ||
Recorded Investment With No Allowance | 53 | 53 | 190 | ||
Recorded Investment With Allowance | 100 | 100 | 103 | ||
Related Allowance | 4 | 4 | 5 | ||
Average Recorded Investment | 154 | 297 | 223 | 299 | |
Interest Income | 1 | 1 | 4 | 4 | |
Real Estate 1 - 4 Family Construction [Member] | |||||
Financing Receivable Impaired [Line Items] | |||||
Unpaid Principal Balance | 1 | 1 | 6 | ||
Recorded Investment With Allowance | 1 | 1 | 6 | ||
Average Recorded Investment | 2 | 9 | 4 | 11 | |
Interest Income | 1 | 1 | |||
Real Estate - Residential [Member] | |||||
Financing Receivable Impaired [Line Items] | |||||
Unpaid Principal Balance | 3,413 | 3,413 | 3,994 | ||
Recorded Investment With No Allowance | 1,417 | 1,417 | 2,072 | ||
Recorded Investment With Allowance | 1,996 | 1,996 | 1,922 | ||
Related Allowance | 122 | 122 | 123 | ||
Average Recorded Investment | 3,560 | 4,542 | 3,777 | 4,522 | |
Interest Income | 39 | 65 | 124 | 176 | |
Home Equity [Member] | |||||
Financing Receivable Impaired [Line Items] | |||||
Unpaid Principal Balance | 71 | 71 | 35 | ||
Recorded Investment With No Allowance | 28 | 28 | 35 | ||
Recorded Investment With Allowance | 42 | 42 | |||
Related Allowance | 32 | 32 | |||
Average Recorded Investment | 112 | 46 | 74 | 47 | |
Interest Income | 1 | 1 | |||
Commercial Loan [Member] | |||||
Financing Receivable Impaired [Line Items] | |||||
Unpaid Principal Balance | 11 | 11 | 29 | ||
Recorded Investment With No Allowance | 11 | 11 | 13 | ||
Recorded Investment With Allowance | 16 | ||||
Related Allowance | 2 | ||||
Average Recorded Investment | 11 | 31 | 20 | 48 | |
Interest Income | 1 | 1 | 1 | ||
Consumer Loans [Member] | |||||
Financing Receivable Impaired [Line Items] | |||||
Unpaid Principal Balance | 49 | 49 | 61 | ||
Recorded Investment With No Allowance | 50 | 50 | $ 61 | ||
Average Recorded Investment | $ 51 | 71 | 55 | 74 | |
Interest Income | $ 2 | $ 3 | $ 5 |
Troubled Debt Restructures - Ad
Troubled Debt Restructures - Additional Information (Detail) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017USD ($)Contract | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($)Contract | Sep. 30, 2016Contract | |
Receivables [Abstract] | ||||
Troubled debt restructuring outstanding | $ | $ 4,700,000 | $ 4,700,000 | ||
Number of contracts on non-accruing basis | Contract | 0 | |||
Number of TDR's payment default | Contract | 1 | 1 | ||
TDR is defined as being past due | 90 days | |||
Allowance for loan loss on TDR | $ | $ 123,000 | $ 106,000 |
Troubled Debt Restructures - Br
Troubled Debt Restructures - Breakdown of Types of Concessions Made by Loan Class (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017USD ($)Contract | Sep. 30, 2016USD ($)Contract | Sep. 30, 2017USD ($)Contract | Sep. 30, 2016USD ($)Contract | |
Financing Receivable, Modifications [Line Items] | ||||
Number of Contracts | Contract | 2 | 2 | 8 | 4 |
Pre-Modification Outstanding Recorded Investment | $ 195 | $ 226 | $ 848 | $ 555 |
Post-Modification Outstanding Recorded Investment | $ 193 | $ 214 | $ 811 | $ 482 |
Other Payment Terms [Member] | Commercial Loan [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Contracts | Contract | 1 | |||
Pre-Modification Outstanding Recorded Investment | $ 12 | |||
Post-Modification Outstanding Recorded Investment | $ 11 | |||
Other Payment Terms [Member] | Consumer Loans [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Contracts | Contract | 1 | 1 | ||
Pre-Modification Outstanding Recorded Investment | $ 9 | $ 9 | ||
Post-Modification Outstanding Recorded Investment | $ 7 | $ 7 | ||
Other Payment Terms [Member] | Real Estate - Commercial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Contracts | Contract | 1 | |||
Pre-Modification Outstanding Recorded Investment | $ 166 | |||
Post-Modification Outstanding Recorded Investment | $ 163 | |||
Other Payment Terms [Member] | Real Estate - Residential [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Contracts | Contract | 1 | 2 | 5 | 4 |
Pre-Modification Outstanding Recorded Investment | $ 186 | $ 226 | $ 661 | $ 555 |
Post-Modification Outstanding Recorded Investment | $ 186 | $ 214 | $ 630 | $ 482 |
Troubled Debt Restructures - Sc
Troubled Debt Restructures - Schedule of Successes and Failures of Types of Loan Debt Restructuring (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017USD ($)Contract | Sep. 30, 2016USD ($)Contract | Sep. 30, 2017USD ($)LoanContract | Sep. 30, 2016USD ($)LoanContract | |
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | Contract | 2 | 2 | 8 | 4 |
Recorded Investments | $ 4,700 | $ 4,700 | ||
Paid In Full [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | Loan | 5 | 6 | ||
Recorded Investments | 562 | $ 433 | $ 562 | $ 433 |
Paying as Restructured [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | Loan | 8 | 8 | ||
Recorded Investments | 811 | 501 | $ 811 | $ 501 |
Foreclosure/ Default [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | Loan | 1 | 4 | ||
Recorded Investments | 15 | 59 | $ 15 | $ 59 |
Forgiveness of Principal Other [Member] | Paid In Full [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | Loan | 5 | 6 | ||
Recorded Investments | 562 | 433 | $ 562 | $ 433 |
Forgiveness of Principal Other [Member] | Paying as Restructured [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | Loan | 8 | 8 | ||
Recorded Investments | 811 | 501 | $ 811 | $ 501 |
Forgiveness of Principal Other [Member] | Foreclosure/ Default [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | Loan | 1 | 4 | ||
Recorded Investments | $ 15 | $ 59 | $ 15 | $ 59 |
Commitments and Contingencies -
Commitments and Contingencies - Outstanding Financial Instruments Whose Contract Amounts Represented Credit Risk (Detail) $ in Thousands | Sep. 30, 2017USD ($) |
Loss Contingencies [Line Items] | |
Total commitments | $ 118,576 |
Commitments to Extend Credit [Member] | |
Loss Contingencies [Line Items] | |
Total commitments | 106,808 |
Credit Card Commitments [Member] | |
Loss Contingencies [Line Items] | |
Total commitments | 10,419 |
Standby Letters of Credit [Member] | |
Loss Contingencies [Line Items] | |
Total commitments | $ 1,349 |
Commitments and Contingencies55
Commitments and Contingencies - Additional Information (Detail) - Uwharrie Bank [Member] - Commercial Property [Member] - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Sep. 30, 2017 | Dec. 31, 2016 | |
Loss Contingencies [Line Items] | |||
Operating lease, term of contract | 10 years 3 months | 5 years | |
Lease expiration date | Sep. 30, 2021 | ||
Annual cost of lease | $ 151,875 | ||
Lease annual adjustor percentage | 2.625% | ||
Estimated construction completion period, description | Construction is expected to be complete no later than first quarter of 2018. |
Fair Value Disclosures - Fair V
Fair Value Disclosures - Fair Value Information for Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | $ 97,717 | $ 105,899 |
Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 5,076 | 5,030 |
Fair Value on a Recurring Basis [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 97,717 | 105,899 |
Total liabilities at fair value | 0 | 0 |
Fair Value on a Recurring Basis [Member] | U.S. Treasury [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 4,014 | |
Fair Value on a Recurring Basis [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 56,412 | 57,671 |
Fair Value on a Recurring Basis [Member] | GSE - Mortgage-backed Securities and CMO's [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 22,117 | 25,648 |
Fair Value on a Recurring Basis [Member] | State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 14,112 | 13,536 |
Fair Value on a Recurring Basis [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 5,076 | 5,030 |
Fair Value on a Recurring Basis [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 4,014 | |
Total liabilities at fair value | 0 | 0 |
Fair Value on a Recurring Basis [Member] | Level 1 [Member] | U.S. Treasury [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 4,014 | |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 97,717 | 101,885 |
Total liabilities at fair value | 0 | 0 |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 56,412 | 57,671 |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | GSE - Mortgage-backed Securities and CMO's [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 22,117 | 25,648 |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 14,112 | 13,536 |
Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 5,076 | 5,030 |
Fair Value on a Recurring Basis [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities at fair value | $ 0 | $ 0 |
Fair Value Disclosures - Assets
Fair Value Disclosures - Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $ 97,717 | $ 105,899 |
Fair Value on a Nonrecurring Basis [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 2,304 | 2,217 |
Other real estate owned | 1,827 | 3,130 |
Fair Value | 4,131 | 5,347 |
Total liabilities at fair value | 0 | 0 |
Fair Value on a Nonrecurring Basis [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities at fair value | 0 | 0 |
Fair Value on a Nonrecurring Basis [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities at fair value | 0 | 0 |
Fair Value on a Nonrecurring Basis [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 2,304 | 2,217 |
Other real estate owned | 1,827 | 3,130 |
Fair Value | 4,131 | 5,347 |
Total liabilities at fair value | $ 0 | $ 0 |
Fair Value Disclosures - Quanti
Fair Value Disclosures - Quantitative Information about Level 3 Fair Value Measurements (Detail) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Discounted Cash Flows [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Valuation Technique | Discounted cash flows | |
Discounted Cash Flows [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value inputs discount rate and estimated costs to sell | 4.00% | 4.00% |
Discounted Cash Flows [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value inputs discount rate and estimated costs to sell | 8.75% | 8.75% |
Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Valuation Technique | Discounted appraisals | |
Impaired Loans [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value inputs discount rate and estimated costs to sell | 0.00% | 0.00% |
Impaired Loans [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value inputs discount rate and estimated costs to sell | 25.00% | 25.00% |
OREO [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Valuation Technique | Discounted appraisals | |
OREO [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value inputs discount rate and estimated costs to sell | 0.00% | 0.00% |
OREO [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair value inputs discount rate and estimated costs to sell | 10.00% | 10.00% |
Fair Values of Financial Inst59
Fair Values of Financial Instruments and Interest Rate Risk - Comparison of Carrying Amounts and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
FINANCIAL ASSETS | ||
Securities held to maturity | $ 11,575 | $ 11,934 |
Loans held for investment, net | 347,471 | 339,122 |
Accrued interest receivable | 1,516 | 1,629 |
FINANCIAL LIABILITIES | ||
Junior subordinated debt | 9,534 | 9,534 |
Accrued interest payable | 151 | 151 |
Carrying Value [Member] | ||
FINANCIAL ASSETS | ||
Cash and cash equivalents | 92,583 | 45,968 |
Securities available for sale | 97,717 | 105,899 |
Securities held to maturity | 11,493 | 11,990 |
Loans held for investment, net | 349,919 | 339,122 |
Loans held for sale | 2,725 | 5,823 |
Restricted stock | 1,068 | 1,052 |
Accrued interest receivable | 1,516 | 1,629 |
FINANCIAL LIABILITIES | ||
Deposits | 527,253 | 485,719 |
Short-term borrowings | 1,788 | 2,674 |
Junior subordinated debt | 9,534 | 9,534 |
Accrued interest payable | 151 | 151 |
Estimated Fair Value [Member] | ||
FINANCIAL ASSETS | ||
Cash and cash equivalents | 92,583 | 45,995 |
Securities available for sale | 97,717 | 105,899 |
Securities held to maturity | 11,575 | 11,934 |
Loans held for investment, net | 354,125 | 337,348 |
Loans held for sale | 2,725 | 5,685 |
Restricted stock | 1,068 | 1,052 |
Accrued interest receivable | 1,516 | 1,629 |
FINANCIAL LIABILITIES | ||
Deposits | 500,388 | 447,784 |
Short-term borrowings | 1,788 | 2,674 |
Junior subordinated debt | 9,651 | 9,673 |
Accrued interest payable | 151 | 151 |
Level 1 [Member] | ||
FINANCIAL ASSETS | ||
Cash and cash equivalents | 90,093 | 43,478 |
Securities available for sale | 4,014 | |
Restricted stock | 1,068 | 1,052 |
Level 2 [Member] | ||
FINANCIAL ASSETS | ||
Cash and cash equivalents | 2,490 | 2,517 |
Securities available for sale | 97,717 | 101,885 |
Securities held to maturity | 11,575 | 11,934 |
Loans held for sale | 2,725 | 5,685 |
FINANCIAL LIABILITIES | ||
Deposits | 500,388 | 447,784 |
Short-term borrowings | 1,788 | 2,674 |
Level 3 [Member] | ||
FINANCIAL ASSETS | ||
Loans held for investment, net | 354,125 | 337,348 |
Accrued interest receivable | 1,516 | 1,629 |
FINANCIAL LIABILITIES | ||
Junior subordinated debt | 9,651 | 9,673 |
Accrued interest payable | $ 151 | $ 151 |
Fair Values of Financial Inst60
Fair Values of Financial Instruments and Interest Rate Risk - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Assets And Liabilities Measured On Recurring Basis [Abstract] | |
Short term borrowings due period | 1 year |
Recent Accounting Pronounceme61
Recent Accounting Pronouncements - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2017Property | |
Accounting Changes And Error Corrections [Abstract] | |
Number of property | 1 |