Finward Bancorp (FNWD) 10-Q 2 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Registrant Name	NORTHWEST INDIANA BANCORP
Entity Central Index Key	919,864
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	NWIN
Entity Common Stock, Shares Outstanding		2,851,417

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and non-interest bearing deposits in other financial institutions	$ 10,482	$ 8,057
Interest bearing deposits in other financial institutions	628	5,866
Federal funds sold	86	8,040
Total cash and cash equivalents	11,196	21,963
Securities available-for-sale	232,872	220,053
Loans held-for-sale	223	2,913
Loans receivable	552,920	488,153
Less: allowance for loan losses	(6,725)	(6,361)
Net loans receivable	546,195	481,792
Federal Home Loan Bank stock	3,000	3,681
Accrued interest receivable	2,842	2,727
Premises and equipment	18,628	17,724
Foreclosed real estate	1,411	1,745
Cash value of bank owned life insurance	18,308	16,814
Goodwill	2,561	1,611
Other assets	4,954	4,021
Total assets	842,190	775,044
Deposits:
Non-interest bearing	99,487	80,352
Interest bearing	598,969	553,594
Total	698,456	633,946
Repurchase agreements	21,447	17,525
Borrowed funds	32,195	36,381
Accrued expenses and other liabilities	10,014	11,027
Total liabilities	762,112	698,879
Stockholders' Equity:
Preferred stock, no par or stated value; 10,000,000 shares authorized, none outstanding	0	0
Common stock, no par or stated value; 10,000,000 shares authorized; shares issued: September 30, 2015 - 2,907,455 December 31, 2014 - 2,900,205 shares outstanding: September 30, 2015 - 2,851,417 December 31, 2014 - 2,844,167	361	361
Additional paid-in capital	4,134	4,062
Accumulated other comprehensive income	1,859	1,588
Retained earnings	73,724	70,154
Total stockholders' equity	80,078	76,165
Total liabilities and stockholders' equity	$ 842,190	$ 775,044

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Sep. 30, 2015	Dec. 31, 2014
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,907,455	2,900,205
Common stock, shares outstanding	2,851,417	2,844,167

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Loans receivable
Real estate loans	$ 5,229	$ 4,686	$ 14,459	$ 13,330
Commercial loans	851	828	2,520	2,482
Consumer loans	4	6	13	15
Total loan interest	6,084	5,520	16,992	15,827
Securities	1,535	1,509	4,554	4,399
Other interest earning assets	6	13	26	20
Total interest income	7,625	7,042	21,572	20,246
Interest expense:
Deposits	408	332	1,087	914
Repurchase agreements	16	17	49	49
Borrowed funds	101	122	329	378
Total interest expense	525	471	1,465	1,341
Net interest income	7,100	6,571	20,107	18,905
Provision for loan losses	100	165	585	575
Net interest income after provision for loan losses	7,000	6,406	19,522	18,330
Noninterest income:
Fees and service charges	729	734	2,072	2,031
Wealth management operations	449	375	1,265	1,194
Gain on sale of loans held-for-sale, net	276	178	1,010	383
Gain on sale of securities, net	32	63	562	520
Increase in cash value of bank owned life insurance	117	94	327	310
Gain on sale of foreclosed real estate, net	0	16	24	21
Other	12	11	37	99
Total noninterest income	1,615	1,471	5,297	4,558
Noninterest expense:
Compensation and benefits	3,372	2,980	9,743	8,419
Occupancy and equipment	938	865	2,724	2,476
Data processing	322	291	950	851
Marketing	132	108	390	368
Federal deposit insurance premiums	124	128	367	346
Other	1,337	1,000	3,354	3,046
Total noninterest expense	6,225	5,372	17,528	15,506
Income before income tax expenses	2,390	2,505	7,291	7,382
Income tax expenses	469	592	1,468	1,716
Net income	$ 1,921	$ 1,913	$ 5,823	$ 5,666
Earnings per common share:
Basic (in dollars per share)	$ 0.67	$ 0.67	$ 2.04	$ 1.99
Diluted (in dollars per share)	0.67	0.67	2.04	1.99
Dividends declared per common share (in dollars per share)	$ 0.27	$ 0.25	$ 0.79	$ 0.72

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income	$ 1,921	$ 1,913	$ 5,823	$ 5,666
Net change in net unrealized gains and losses on securities available-for-sale:
Unrealized gains arising during the period	2,840	321	966	6,136
Less: reclassification adjustment for gains included in net income	(32)	(63)	(562)	(520)
Net securities gain during the period	2,808	258	404	5,616
Tax effect	(953)	(85)	(131)	(1,906)
Net of tax amount	1,855	173	273	3,710
Net change in unrealized gain on postretirement benefit:
Amortization of net actuarial gain	(1)	(1)	(2)	(4)
Net (loss) during the period	(1)	(1)	(2)	(4)
Tax effect	0	0	0	0
Net of tax amount	(1)	(1)	(2)	(4)
Other comprehensive income, net of tax	1,854	172	271	3,706
Comprehensive income, net of tax	$ 3,775	$ 2,085	$ 6,094	$ 9,372

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity $ in Thousands	USD ($)
Balance at beginning of period at Dec. 31, 2013	$ 66,761
Comprehensive income:
Net income	5,666
Net unrealized change on securities available-for-sale, net of reclassifications and tax effects	3,710
Amortization of unrecognized gain on postretirement benefit	(4)
Comprehensive income, net of tax	9,372
Stock based compensation expense	46
Stock repurchase	(31)
Cash dividends	(2,048)
Balance at end of period at Sep. 30, 2014	74,100
Balance at beginning of period at Jun. 30, 2014	72,710
Comprehensive income:
Net income	1,913
Net unrealized change on securities available-for-sale, net of reclassifications and tax effects	173
Amortization of unrecognized gain on postretirement benefit	(1)
Comprehensive income, net of tax	2,085
Stock based compensation expense	16
Stock repurchase	0
Cash dividends	(711)
Balance at end of period at Sep. 30, 2014	74,100
Balance at beginning of period at Dec. 31, 2014	76,165
Comprehensive income:
Net income	5,823
Net unrealized change on securities available-for-sale, net of reclassifications and tax effects	273
Amortization of unrecognized gain on postretirement benefit	(2)
Comprehensive income, net of tax	6,094
Stock based compensation expense	71
Stock repurchase	0
Cash dividends	(2,252)
Balance at end of period at Sep. 30, 2015	80,078
Balance at beginning of period at Jun. 30, 2015	77,049
Comprehensive income:
Net income	1,921
Net unrealized change on securities available-for-sale, net of reclassifications and tax effects	1,855
Amortization of unrecognized gain on postretirement benefit	(1)
Comprehensive income, net of tax	3,775
Stock based compensation expense	24
Stock repurchase	0
Cash dividends	(770)
Balance at end of period at Sep. 30, 2015	$ 80,078

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,823	$ 5,666
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Origination of loans for sale	(36,811)	(18,865)
Sale of loans originated for sale	40,501	17,294
Depreciation and amortization, net of accretion	1,765	1,513
Amortization of mortgage servicing rights	54	59
Stock based compensation expense	71	46
Gain on sale of securities, net	(562)	(520)
Gain on sale of loans held-for-sale, net	(1,010)	(383)
Gain on sale of foreclosed real estate, net	(24)	(21)
Provision for loan losses	585	575
Net change in:
Interest receivable	(116)	(183)
Other assets	(784)	444
Accrued expenses and other liabilities	(2,736)	2,633
Total adjustments	933	2,592
Net cash - operating activities	6,756	8,258
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and pay downs of securities available-for-sale	30,919	14,437
Proceeds from sales of securities available-for-sale	29,241	29,451
Purchase of securities available-for-sale	(63,983)	(56,500)
Loan participations purchased	0	(427)
Net change in loans receivable	(37,175)	(26,627)
Purchase of Federal Home Loan Bank Stock	0	(881)
Proceeds from sale of Federal Home Loan Bank stock	1,055	0
Purchase of premises and equipment, net	(743)	(661)
Proceeds from sale of foreclosed real estate, net	598	819
Cash and cash equivalents from acquisition activity	16,996	2,630
Change in cash value of bank owned life insurance	(327)	(310)
Net cash - investing activities	(23,419)	(38,069)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in deposits	8,352	21,377
Proceeds from FHLB advances	0	47,000
Repayment of FHLB advances	(8,000)	(39,000)
Change in other borrowed funds	7,736	9,294
Common stock purchased	0	(31)
Dividends paid	(2,192)	(1,962)
Net cash - financing activities	5,896	36,678
Net change in cash and cash equivalents	(10,767)	6,867
Cash and cash equivalents at beginning of period	21,963	21,124
Cash and cash equivalents at end of period	11,196	27,991
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest	1,479	1,345
Income taxes	1,570	810
Acquisition activity:
Fair value of assets acquired, including cash and cash equivalents	56,837	37,906
Value of goodwill and other intangible assets	1,044	1,704
Fair value of liabilities assumed	57,881	39,610
Noncash activities:
Transfers from loans to foreclosed real estate	$ 271	$ 1,528

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	Note 1 - Basis of Presentation The consolidated financial statements include the accounts of NorthWest Indiana Bancorp (the “Bancorp”), its wholly-owned subsidiary, Peoples Bank SB (the “Bank”), and the Bank’s wholly-owned subsidiaries, Peoples Service Corporation, NWIN, LLC, NWIN Funding, Incorporated, and Columbia Development Company, LLC. The Bancorp has no other business activity other than being a holding company for the Bank. The Bancorp’s earnings are dependent upon the earnings of the Bank. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures required by U.S. generally accepted accounting principles for complete presentation of consolidated financial statements. In the opinion of management, the consolidated financial statements contain all adjustments necessary to present fairly the consolidated balance sheets of the Bancorp as of September 30, 2015 and December 31, 2014, and the consolidated statements of income, comprehensive income, and changes in stockholders’ equity for the three and nine months ended September 30, 2015 and 2014 and consolidated statements of cash flows for the nine months ended September 30, 2015 and 2014. The income reported for the nine month period ended September 30, 2015 is not necessarily indicative of the results to be expected for the full year.

Use of Estimates

Use of Estimates	9 Months Ended
	Sep. 30, 2015
Use of Estimates [Abstract]
Use of Estimates [Text Block]	Note 2 - Use of Estimates Preparing financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period, as well as the disclosures provided. Actual results could differ from those estimates. Estimates associated with the allowance for loan losses, fair values of foreclosed real estate, loan servicing rights, investment securities, deferred tax assets, goodwill, accrued withdrawal liability for the defined benefit plan, and the status of contingencies are particularly susceptible to material change in the near term.

Acquisition Activity

Acquisition Activity	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note 3 – Acquisition Activity On March 20, 2015, the Bancorp announced that the Bank signed a definitive agreement to acquire Liberty Savings Bank, FSB (“Liberty”), a federally chartered mutual savings association based in Whiting, Indiana, with three branch offices in Lake County Indiana. On July 1, 2015, the Bank successfully completed the acquisition of Liberty by merging Liberty with and into the Bank immediately following Liberty’s voluntary supervisory conversion to stock form. The Bank did not issue or pay any shares, cash, or other consideration in the merger. The Liberty acquisition added assets with fair values of $57.3 million, including securities with a fair market value of $8.1 million, loans receivable with a fair market value of $28.0 million, and premises and equipment with a fair value of $1.3 million. The Liberty acquisition also added liabilities with a fair market value of $57.9 million, including deposits with a fair market value of $56.2 million and an accrued withdrawal liability for the defined benefit plan with a fair market value of $1.5 million. As a result of the differences in the fair value of assets and liabilities, goodwill of $573 thousand and intangible assets of $471 thousand were also added. The acquisition further expand the Bank’s retail banking network in Lake and Porter Counties in Northwest Indiana. The Bank will consolidate the Schererville offices of Liberty and Peoples Bank due to their proximity, resulting in a total of 16 Banking Centers for the Bank. The integration of Liberty into the Peoples Bank brand was completed during the third quarter ended September 30, 2015.

Securities

Securities	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 4 - Securities The estimated fair value of available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows: (Dollars in thousands) Gross Gross Estimated Cost Unrealized Unrealized Fair Basis Gains Losses Value September 30, 2015 Money market fund $ 1,222 $ - $ - $ 1,222 U.S. government sponsored entities 16,249 18 (7 ) 16,260 Collateralized mortgage obligations and residential mortgage-backed securities 117,341 2,092 (170 ) 119,263 Municipal securities 90,178 3,257 (106 ) 93,329 Collateralized debt obligations 5,096 - (2,298 ) 2,798 Total securities available-for-sale $ 230,086 $ 5,367 $ (2,581 ) $ 232,872 (Dollars in thousands) Gross Gross Estimated Cost Unrealized Unrealized Fair Basis Gains Losses Value December 31, 2014 Money market fund $ 6,453 $ - $ - $ 6,453 U.S. government sponsored entities 13,000 2 (133 ) 12,869 Collateralized mortgage obligations and residential mortgage-backed securities 116,088 1,870 (384 ) 117,574 Municipal securities 76,989 3,749 (13 ) 80,725 Collateralized debt obligations 5,141 - (2,709 ) 2,432 Total securities available-for-sale $ 217,671 $ 5,621 $ (3,239 ) $ 220,053 The estimated fair value of available-for-sale debt securities at September 30, 2015, by contractual maturity, were as follows. Securities not due at a single maturity date, primarily collateralized mortgage obligations and residential mortgage-backed securities, are shown separately. (Dollars in thousands) Available-for-sale Estimated Fair Tax-Equivalent September 30, 2015 Value Yield (%) Due in one year or less $ 1,530 6.87 Due from one to five years 20,548 2.52 Due from five to ten years 21,909 5.86 Due over ten years 69,622 4.55 Collateralized mortgage obligations and residential mortgage-backed securities 119,263 2.55 Total $ 232,872 3.49 Sales of available-for-sale securities were as follows for the nine months ended: (Dollars in thousands) September 30, September 30, 2015 2014 Proceeds $ 29,241 $ 29,451 Gross gains 564 791 Gross losses (2 ) (271 ) Accumulated other comprehensive income/(loss) balances, net of tax, related to available-for-sale securities, were as follows: (Dollars in thousands) Unrealized gain/(loss) Ending balance, December 31, 2014 $ 1,556 Current period change 273 Ending balance, September 30, 2015 $ 1,829 Securities with carrying values of approximately $30.5 million and $34.2 million were pledged as of September 30, 2015 and December 31, 2014, respectively, as collateral for repurchase agreements, public funds, and for other purposes as permitted or required by law. Securities with gross unrealized losses at September 30, 2015 and December 31, 2014 not recognized in income are as follows: (Dollars in thousands) Less than 12 months 12 months or longer Total Estimated Estimated Estimated Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses September 30, 2015 U.S. government sponsored entities $ 2,497 $ (3 ) $ 1,996 $ (4 ) $ 4,493 $ (7 ) Collateralized mortgage obligations and residential mortgage-backed securities 5,302 (9 ) 8,500 (161 ) 13,802 (170 ) Municipal securities 9,889 (106 ) - - 9,889 (106 ) Collateralized debt obligations - - 2,798 (2,298 ) 2,798 (2,298 ) Total temporarily impaired $ 17,688 $ (118 ) $ 13,294 $ (2,463 ) $ 30,982 $ (2,581 ) Number of securities 27 13 40 (Dollars in thousands) Less than 12 months 12 months or longer Total Estimated Estimated Estimated Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses December 31, 2014 U.S. government sponsored entities $ 1,496 $ (4 ) $ 10,371 $ (129 ) $ 11,867 $ (133 ) Collateralized mortgage obligations and residential mortgage-backed securities 8,169 (40 ) 14,486 (344 ) 22,655 (384 ) Municipal securities 687 (3 ) 1,459 (10 ) 2,146 (13 ) Collateralized debt obligations - - 2,432 (2,709 ) 2,432 (2,709 ) Total temporarily impaired $ 10,352 $ (47 ) $ 28,748 $ (3,192 ) $ 39,100 $ (3,239 ) Number of securities 9 29 38 Unrealized losses on securities have not been recognized into income because the securities are of high credit quality or have undisrupted cash flows. Management has the intent and ability to hold those securities for the foreseeable future, and the decline in fair value is largely due to changes in interest rates and volatility in securities markets. The fair values are expected to recover as the securities approach maturity.

Loans Receivable

Loans Receivable	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 5 - Loans Receivable Loans receivable are summarized below: (Dollars in thousands) September 30, 2015 December 31, 2014 Loans secured by real estate: Residential, including home equity $ 213,985 $ 189,743 Commercial real estate, construction & land development, and other dwellings 238,723 211,162 Commercial participations purchased 312 2,289 Total loans secured by real estate 453,020 403,194 Consumer loans 591 358 Commercial business 69,684 58,790 Government loans 29,882 26,134 Subtotal 553,177 488,476 Less: Net deferred loan origination fees (171 ) (197 ) Undisbursed loan funds (86 ) (126 ) Loan receivables $ 552,920 $ 488,153 Residential Real Estate, Including Home Equity Consumer Loans Commercial Real Estate, Construction & Land Development, and Other Dwellings Commercial Participations Purchased Commercial Business Loans Government Loans Total The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2015: Allowance for loan losses: Beginning Balance $ 1,528 $ 31 $ 4,216 $ 19 $ 830 $ 75 $ 6,699 Charge-offs - (8 ) - - (77 ) - (85 ) Recoveries 7 2 - - 2 - 11 Provisions (68 ) 14 91 (3 ) 57 9 100 Ending Balance $ 1,467 $ 39 $ 4,307 $ 16 $ 812 $ 84 $ 6,725 The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2014: Allowance for loan losses: Beginning Balance $ 1,448 $ 29 $ 3,725 $ 25 $ 869 $ 80 $ 6,176 Charge-offs (110 ) (14 ) (3 ) - - - (127 ) Recoveries - - 4 - 13 - 17 Provisions 261 14 (67 ) 9 (51 ) (1 ) 165 Ending Balance $ 1,599 $ 29 $ 3,659 $ 34 $ 831 $ 79 $ 6,231 The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2015: Allowance for loan losses: Beginning Balance $ 1,878 $ 17 $ 3,645 $ 13 $ 733 $ 75 $ 6,361 Charge-offs (101 ) (22 ) (59 ) - (77 ) - (259 ) Recoveries 7 3 22 - 6 - 38 Provisions (317 ) 41 699 3 150 9 585 Ending Balance $ 1,467 $ 39 $ 4,307 $ 16 $ 812 $ 84 $ 6,725 The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2014: Allowance for loan losses: Beginning Balance $ 1,444 $ 12 $ 4,789 $ 31 $ 859 $ 54 $ 7,189 Charge-offs (123 ) (26 ) (1,421 ) - - - (1,570 ) Recoveries 2 - 17 2 16 - 37 Provisions 276 43 274 1 (44 ) 25 575 Ending Balance $ 1,599 $ 29 $ 3,659 $ 34 $ 831 $ 79 $ 6,231 (Dollars in thousands) Residential Real Estate, Including Home Equity Consumer Loans Commercial Real Estate, Construction & Land Development, and Other Dwellings Commercial Participations Purchased Commercial Business Loans Government Loans Total The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at September 30, 2015: Ending balance: individually evaluated for impairment $ - $ - $ 328 $ 16 $ 23 $ - $ 367 Ending balance: collectively evaluated for impairment $ 1,467 $ 39 $ 3,979 $ - $ 789 $ 84 $ 6,358 LOAN RECEIVABLES Ending balance $ 213,786 $ 591 $ 238,723 $ 312 $ 69,626 $ 29,882 $ 552,920 Ending balance: individually evaluated for impairment $ 333 $ - $ 5,001 $ 94 $ 102 $ - $ 5,530 Ending balance: purchased credit impaired individually evaluated for impairment $ 1,762 $ - $ - $ - $ - $ - $ 1,762 Ending balance: collectively evaluated for impairment $ 211,691 $ 591 $ 233,722 $ 218 $ 69,524 $ 29,882 $ 545,628 The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2014: Ending balance: individually evaluated for impairment $ 15 $ - $ 366 $ 11 $ 34 $ - $ 426 Ending balance: collectively evaluated for impairment $ 1,863 $ 17 $ 3,279 $ 2 $ 699 $ 75 $ 5,935 LOAN RECEIVABLES Ending balance $ 189,529 $ 357 $ 211,162 $ 2,289 $ 58,682 $ 26,134 $ 488,153 Ending balance: individually evaluated for impairment $ 97 $ - $ 6,240 $ 103 $ 328 $ - $ 6,768 Ending balance: purchased credit impaired individually evaluated for impairment $ 588 $ - $ - $ - $ - $ - $ 588 Ending balance: collectively evaluated for impairment $ 188,844 $ 357 $ 204,922 $ 2,186 $ 58,354 $ 26,134 $ 480,797 (Dollars in thousands) Corporate Credit Exposure - Credit Risk Portfolio By Creditworthiness Category Commercial Real Estate, Construction Commercial Participations Purchased Commercial Business Loans Government Loan Grades 2015 2014 2015 2014 2015 2014 2015 2014 2 Moderate risk $ 133 $ - $ - $ - $ 6,662 $ 4,920 $ - $ - 3 Acceptable risk 191,677 170,423 199 2,071 48,854 41,197 29,882 26,134 4 Pass/monitor 37,475 29,678 19 115 11,632 10,893 - - 5 Special mention (watch) 4,397 4,649 - - 415 1,343 - - 6 Substandard 5,041 6,412 94 103 2,063 329 - - 7 Doubtful - - - - - - - - Total $ 238,723 $ 211,162 $ 312 $ 2,289 $ 69,626 $ 58,682 $ 29,882 $ 26,134 (Dollars in thousands) Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity Residential Real Estate, Consumer Loans 2015 2014 2015 2014 Performing $ 209,826 $ 185,996 $ 591 $ 357 Non-performing 3,960 3,533 - - Total $ 213,786 $ 189,529 $ 591 $ 357 The Bancorp has established a standard loan grading system to assist management, lenders and review personnel in their analysis and supervision of the loan portfolio. The use and application of these grades by the Bancorp is uniform and conforms to regulatory definitions. The loan grading system is as follows: 2 – Moderate risk Borrower consistently internally generates sufficient cash flow to fund debt service, working assets, and some capital expenditures. Risk of default considered low. 3 – Acceptable risk Borrower generates sufficient cash flow to fund debt service, but most working asset and all capital expansion needs are provided from external sources. Profitability ratios and key balance sheet ratios are usually close to peers but one or more ratios (e.g. leverage) may be higher than peers. Earnings may be trending down over the last three years. Borrower may be able to obtain similar financing from other banks with comparable or less favorable terms. Risk of default is acceptable but requires collateral protection. 4 – Pass/monitor The borrower has significant weaknesses resulting from performance trends or management concerns. The financial condition of the company has taken a negative turn and may be temporarily strained. Cash flow may be weak but cash reserves remain adequate to meet debt service. Management weaknesses are evident. Borrowers in this category will warrant more than the normal level of supervision and more frequent reporting. 5 – Special mention (watch) Special mention credits are considered bankable assets with no apparent loss of principal or interest envisioned but requiring a high level of management attention. Assets in this category are currently protected but are potentially weak. These borrowers are subject to economic, industry, or management factors having an adverse impact upon their prospects for orderly service of debt. The perceived risk in continued lending is considered to have increased beyond the level where such loans would normally be granted. These assets constitute an undue and unwarranted credit risk, but not to the point of justifying a classification of Substandard. 6 – Substandard This classification consists of loans which are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. Financial statements normally reveal some or all of the following: poor trends, lack of earnings and cash flow, excessive debt, lack of liquidity, and the absence of creditor protection. Loans are still considered collectible, but due to increased risks and defined weaknesses of the credit, some loss could be incurred in collection if the deficiencies are not corrected. 7 – Doubtful This classification consists of loans where the possibility of loss is high after collateral liquidation based upon existing facts, market conditions, and value. Loss is deferred until certain important and reasonably specific pending factors which may strengthen the credit can be exactly determined. These factors may include proposed acquisitions, liquidation procedures, capital injection and receipt of additional collateral, mergers or refinancing plans. Performing loans are loans that are paying as agreed and are approximately less than ninety days past due on payments of interest and principal. No loans were modified in a troubled debt restructuring, nor have any previous troubled debt restructurings subsequently defaulted, during the nine months ended September 30, 2015 or 2014. The Bancorp's individually evaluated impaired loans are summarized below: As of September 30,2015 For the nine months ended (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate, including home equity $ 2,095 $ 4,468 $ - $ 2,104 $ 17 Commercial real estate, construction & land development, and other dwellings - - - - - Commercial participations purchased - - - - - Commercial business loans 79 79 - 81 1 With an allowance recorded: Residential real estate, including home equity - - - - - Commercial real estate, construction & land development, and other dwellings 5,001 5,001 328 5,024 43 Commercial participations purchased 94 94 16 95 3 Commercial business loans 23 23 23 23 - Total: Residential real estate, including home equity $ 2,095 $ 4,468 $ - $ 2,104 $ 17 Commercial real estate, construction & land development, and other dwellings $ 5,001 $ 5,001 $ 328 $ 5,024 $ 43 Commercial participations purchased $ 94 $ 94 $ 16 $ 95 $ 3 Commercial business loans $ 102 $ 102 $ 23 $ 104 $ 1 As of December 31, 2014 For the nine months ended (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate, including home equity $ - $ - $ - $ 200 $ - Commercial real estate, construction & land development, and other dwellings 524 524 - 848 19 Commercial participations purchased - - - - - Commercial business loans 25 25 - 198 - With an allowance recorded: Residential real estate, including home equity 685 1,258 15 560 17 Commercial real estate, construction & land development, and other dwellings 5,716 6,952 366 6,536 149 Commercial participations purchased 103 103 11 26 2 Commercial business loans 303 571 34 285 5 Total: Residential real estate, including home equity $ 685 $ 1,258 $ 15 $ 760 $ 17 Commercial real estate, construction & land development, and other dwellings $ 6,240 $ 7,476 $ 366 $ 7,384 $ 168 Commercial participations purchased $ 103 $ 103 $ 11 $ 26 $ 2 Commercial business loans $ 328 $ 596 $ 34 $ 483 $ 5 As part of the previously disclosed acquisitions of First Federal Savings and Loan Association of Hammond (“First Federal”), which closed during the second quarter of 2014, and Liberty, which closed during the third quarter of 2015, the Bancorp acquired loans for which there was evidence of credit quality deterioration since origination and it was determined that it was probable that the Bancorp would be unable to collect all contractually required principal and interest payments. At September 30, 2015, total purchased credit impaired loans with unpaid principal balances totaled $4.1 million with a recorded investment of $1.8 million. First Federal purchased credit impaired loans with unpaid principal balances totaled $1.8 million with a recorded investment of $868 thousand. Liberty purchased credit impaired loans with unpaid principal balances totaled $2.3 million with a recorded investment of $894 thousand. The Bancorp’s age analysis of past due loans is summarized below: (Dollars in thousands) 30-59 Days Past 60-89 Days Past Greater Than 90 Total Past Due Current Total Loans Recorded September 30, 2015 Residential real estate, including home equity $ 4,965 $ 2,371 $ 2,512 $ 9,848 $ 203,938 $ 213,786 $ 276 Consumer loans - 1 - 1 590 591 - Commercial real estate, construction & land development, and other dwellings 2,124 243 576 2,943 235,780 238,723 - Commercial participations purchased - - 94 94 218 312 - Commercial business loans 397 253 22 672 68,954 69,626 - Government loans - - - - 29,882 29,882 - Total $ 7,486 $ 2,868 $ 3,204 $ 13,558 $ 539,362 $ 552,920 $ 276 December 31, 2014 Residential real estate, including home equity $ 4,405 $ 2,693 $ 2,579 $ 9,677 $ 179,852 $ 189,529 $ 941 Consumer loans - - - - 357 357 - Commercial real estate, construction & land development, and other dwellings 855 190 1,783 2,828 208,334 211,162 - Commercial participations purchased - - 103 103 2,186 2,289 - Commercial business loans 339 76 238 653 58,029 58,682 - Government loans - - - - 26,134 26,134 - Total $ 5,599 $ 2,959 $ 4,703 $ 13,261 $ 474,892 $ 488,153 $ 941 The Bancorp's loans on nonaccrual status are summarized below: (Dollars in thousands) September 30, December 31, Residential real estate, including home equity $ 3,960 $ 2,443 Consumer loans - - Commercial real estate, construction & land development, and other dwellings 576 1,815 Commercial participations purchased 94 103 Commercial business loans 22 238 Government loans - - Total $ 4,652 $ 4,599

Foreclosed Real Estate

Foreclosed Real Estate	9 Months Ended
	Sep. 30, 2015
Other Real Estate and Foreclosed Assets [Abstract]
Real Estate Disclosure [Text Block]	Note 6 - Foreclosed Real Estate (Dollars in thousands) September 30, December 31, 2015 2014 Residential real estate, including home equity $ 113 $ 324 Commercial real estate, construction & land development and other dwellings 1,218 1,218 Commercial business 80 203 Total $ 1,411 $ 1,745

Goodwill, Other Intangible Asse

Goodwill, Other Intangible Assets, and Acquisition Related Accounting	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Note 7 – Goodwill, Other Intangible Assets, and Acquisition Related Accounting The Bancorp established an aggregate goodwill balance of $2.6 million with the acquisitions of First Federal and Liberty. Goodwill of $2.0 million was established with the acquisition of First Federal and goodwill of $573 thousand was established with the acquisition of Liberty. Goodwill is tested annually for impairment. Goodwill arising from business combinations represents the value attributable to unidentifiable intangible assets in the business acquired. The Bancorp’s goodwill relates to the value inherent in the banking industry and that value is dependent upon the ability of the Bancorp to provide quality, cost effective banking services in a competitive marketplace. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated and goodwill is written down to its implied fair value. There has not been any impairment of goodwill. During the first quarter of 2015, initial estimates of fair values related to a pool of loans with a single borrower were determined to be lower than originally estimated. This change, net of related estimated adjustments, led to the addition of $377 thousand to goodwill and $423 thousand to purchased credit impaired loan balances during the period ended March 31, 2015. Goodwill totaled $2.6 million at September 30, 2015 and $1.6 million at September 30, 2014. In addition to goodwill, a core deposit intangible of $93 thousand for the acquisition of First Federal was established and is being amortized over 7.9 years on a straight line basis. Approximately $9 thousand of amortization was taken during the nine months ended September 30, 2015. It is estimated that $3 thousand of additional amortization will occur during 2015 and the remaining amount will be equally amortized through the first quarter of 2022. A core deposit intangible of $471 thousand for the acquisition of Liberty was established and is being amortized over 8.2 years on a straight line basis. Approximately $14 thousand of amortization was taken during the nine months ended September 30, 2015. It is estimated that $14 thousand of additional amortization will occur during 2015 and the remaining amount will be equally amortized through the third quarter of 2023. For the First Federal acquisition, as part of the fair value of loans receivable, a net fair value discount was established for residential real estate loans, including home equity lines of credit, of $1.1 million that is being accreted over 55 months on a straight line basis. Approximately $168 thousand of accretion was taken into income for the nine months ended September 30, 2015, and it is estimated that $49 thousand of accrection will occur during the remainder of 2015. It is estimated that $197 thousand of accretion will occur annually through 2017, and accretion of $164 thousand will occur during 2018. Similarly, for the Liberty acquisition, as part of the fair value of loans receivable, a net fair value discount was established for residential real estate loans, including home equity lines of credit, of $1.2 million that is being accreted over 44 months on a straight line basis. Approximately $79 thousand of accretion was taken into income for the nine months ended September 30, 2015, and it is estimated that $79 thousand of accrection will occur during the remainder of 2015. It is estimated that $317 thousand of accretion will occur annually through 2018, and accretion of $53 thousand will occur during 2019. For the First Federal acquisition, as part of the fair value of certificates of deposit, a fair value premium was established of $276 thousand that is being amortized over 17 months on a straight line basis. Approximately $127 thousand of amortization was taken as expense during the nine months ended September 30, 2015. No additional amortization will occur during 2015. For the Liberty acquisition, as part of the fair value of certificates of deposit, a fair value premium was established of $124 thousand that is being amortized over 17 months on a straight line basis. Approximately $22 thousand of amortization was taken as expense during the nine months ended September 30, 2015. It is estimated that an additional $22 thousand of amortization will occur during 2015. It is estimated that an additional $80 thousand of amortization will occur during 2016.

Concentrations of Credit Risk

Concentrations of Credit Risk	9 Months Ended
	Sep. 30, 2015
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	Note 8 - Concentrations of Credit Risk The primary lending area of the Bancorp encompasses all of Lake County in northwest Indiana, where a majority of loan activity is concentrated. The Bancorp is also an active lender in Porter County, and to a lesser extent, LaPorte, Newton and Jasper counties in Indiana, and Lake, Cook and Will counties in Illinois. Substantially all loans are secured by specific items of collateral including residences, commercial real estate, land development, business assets and consumer assets.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 9 - Earnings per Share Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. Three Months Ended Nine Months Ended (Dollars in thousands, except per share data) September 30, September 30, 2015 2014 2015 2014 Basic earnings per common share: Net income as reported $ 1,921 $ 1,913 $ 5,823 $ 5,666 Weighted average common shares outstanding 2,851,417 2,844,167 2,850,594 2,843,988 Basic earnings per common share $ 0.67 $ 0.67 $ 2.04 $ 1.99 Diluted earnings per common share: Net income as reported $ 1,921 $ 1,913 $ 5,823 $ 5,666 Weighted average common shares outstanding 2,851,417 2,844,167 2,850,594 2,843,988 Add: Dilutive effect of assumed stock option exercises - - - - Weighted average common and dilutive potential common shares outstanding 2,851,417 2,844,167 2,850,594 2,843,988 Diluted earnings per common share $ 0.67 $ 0.67 $ 2.04 $ 1.99

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 10 - Stock Based Compensation The Bancorp’s 2015 Stock Option and Incentive Plan (the Plan), which was adopted by the Bancorp’s Board of Directors on February 27, 2015 and approved by the Bancorp’s shareholders on April 24, 2015, permits the grant of equity awards for up to 250,000 As required by the Stock Compensation Topic, companies are required to record compensation cost for stock options and awards provided to employees in return for employment service. For the nine months ended September 30, 2015, stock based compensation expense of $ 71 46 25 99 There were no incentive stock options granted during the first nine months of 2015 or 2014. When options are granted, the cost is measured at the fair value of the options when granted, and this cost is expensed over the employment service period, which is normally the vesting period of the options or awards. Weighted- Weighted- Average Average Remaining Aggregate Exercise Contractual Intrinsic Incentive options Shares Price Term Value Outstanding at January 1, 2015 750 $ 28.50 Granted - - Exercised - - Forfeited - - Expired - - Outstanding at September 30, 2015 750 $ 28.50 2.4 - Exercisable at September 30, 2015 750 $ 28.50 2.4 - There were 7,250 4,175 Weighted- Average Grant Date Restricted stock Shares Fair Value Nonvested at January 1, 2015 12,775 $ 23.63 Granted 7,250 27.50 Vested (300) 16.75 Forfeited - - Nonvested at September 30, 2015 19,725 $ 25.15

Adoption of New Accounting Stan

Adoption of New Accounting Standards	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Note 11 - Adoption of New Accounting Standards Update Number 2014-04 – Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. This amendment is intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. These amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (a) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure; or (b) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments are effective for the Bancorp for annual periods and interim periods within those annual periods beginning after December 15, 2014. Management has updated policies for this new accounting pronouncement. This pronouncement has not had a material impact on the Bancorp’s consolidated financial statements. Update Number 2014-09 – Revenue from Contracts with Customers (Topic 606). This accounting standard update adopts a standardized approach for revenue recognition and was a joint effort with the International Accounting Standards Board (IASB). The new revenue recognition standard is based on a core principle of recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update does not apply to financial instruments. The update is effective for public entities for reporting periods beginning after December 15, 2017. Early implementation is not allowed for public companies. Management does not believe the adoption of this update will have a material effect on the Bancorp’s consolidated financial statements.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 12 - Fair Value The Fair Value Measurements Topic establishes a hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Topic describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The fair values of securities available-for-sale are determined on a recurring basis by obtaining quoted prices on nationally recognized securities exchanges or pricing models utilizing significant observable inputs such as matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities. Different judgments and assumptions used in pricing could result in different estimates of value. In certain cases where market data is not readily available because of a lack of market activity or little public disclosure, values may be based on unobservable inputs and classified in Level 3 of the fair value hierarchy. At the end of each reporting period, securities held in the investment portfolio are evaluated on an individual security level for other-than-temporary impairment in accordance with the Investments – Debt and Equity Securities Topic. Impairment is other-than-temporary if the decline in the fair value is below its amortized cost and it is probable that all amounts due according to the contractual terms of a debt security will not be received. Significant judgments are required in determining impairment, which include making assumptions regarding the estimated prepayments, loss assumptions and the change in interest rates. The Bancorp considers the following factors when determining an other-than-temporary impairment for a security: the length of time and the extent to which the market value has been less than amortized cost; the financial condition and near-term prospects of the issuer; the underlying fundamentals of the relevant market and the outlook for such market for the near future; an assessment of whether the Bancorp (1) has the intent to sell the debt securities or (2) more likely than not will be required to sell the debt securities before their anticipated market recovery. If either of these conditions is met, management will recognize other-than-temporary impairment. If, in management’s judgment, an other-than-temporary impairment exists, the cost basis of the security will be written down for the credit loss, and the unrealized loss will be transferred from accumulated other comprehensive loss as an immediate reduction of current earnings. The Bancorp’s management utilizes a specialist to perform an other-than-temporary impairment analysis for each of its four pooled trust preferred securities. The analysis is performed semiannually on June 30 and December 31 and utilizes analytical models used to project future cash flows for the pooled trust preferred securities based on current assumptions for prepayments, default and deferral rates, and recoveries. The projected cash flows are then tested for impairment consistent with the Investments – Other Topic and the Investments – Debt and Equity Securities Topic. The other-than-temporary impairment testing compares the present value of the cash flows from quarter to quarter to determine if there is a “favorable” or “adverse” change. Other-than-temporary impairment is recorded if the projected present value of cash flows is lower than the book value of the security. To perform the semi-annual other-than-temporary impairment analysis, management utilizes current reports issued by the trustee, which contain principal and interest tests, waterfall distributions, note valuations, collection detail and credit ratings for each pooled trust preferred security. In addition, a detailed review of the performing collateral was performed. The review of the collateral began with a review of financial information provided by SNL Financial, a comprehensive database, widely used in the industry, which gathers financial data on banks and thrifts from U.S. GAAP financial statements for public companies (annual and quarterly reports on Forms 10-K and 10-Q, respectively), as well as regulatory reports for private companies, including consolidated financial statements for bank holding companies (FR Y-9C reports) and parent company-only financial statements for bank holding companies (FR Y-9LP reports) filed with the Federal Reserve, and bank call reports filed with the FDIC and the Office of the Comptroller of Currency. Using the information sources described above, for each bank and thrift examined the following items were examined: nature of the issuer’s business, years of operating history, corporate structure, loan composition and loan concentrations, deposit mix, asset growth rates, geographic footprint and local economic environment. The issuers’ historical financial performance was reviewed and their financial ratios were compared to appropriate peer groups of regional banks or thrifts with similar asset sizes. The analysis focused on six broad categories: profitability (revenue streams and earnings quality, return on assets and shareholder’s equity, net interest margin and interest rate sensitivity), credit quality (charge-offs and recoveries, non-current loans and total non-performing assets as a percentage of total loans, loan loss reserve coverage and the adequacy of the loan loss provision), operating efficiency (non-interest expense compared to total revenue), capital adequacy (Tier-1, total capital and leverage ratios and equity capital growth), leverage (tangible equity as a percentage of tangible assets, short-term and long-term borrowings and double leverage at the holding company) and liquidity (the nature and availability of funding sources, net non-core funding dependence and quality of deposits). In addition, for publicly traded companies’ stock price movements were reviewed and the market price of publicly traded debt instruments was examined. The other-than-temporary impairment analysis indicated that the Bancorp’s four pooled trust preferred securities had no additional other-than-temporary impairment during the period ended June 30, 2015. Based on current market conditions and a review of the trustee reports, management performed an analysis of the four pooled trust preferred securities and no additional impairment was taken at September 30, 2015. A specialist will be used to review all four pooled trust preferred securities again at December 31, 2015. The table below shows the credit loss roll forward on a year-to-date basis for the Bancorp’s pooled trust preferred securities that have been classified with other-than-temporary impairment: (Dollars in thousands) Collateralized debt obligations other-than-temporary impairment Ending balance, December 31, 2014 $ 271 Additions not previously recognized - Ending balance, September 30, 2015 $ 271 The following table contains information regarding the Bancorp’s pooled trust preferred securities impairment evaluation as of June 30, 2015: Cusip 74043CAC1 74042TAJ0 01449TAB9 01450NAC6 Deal name PreTSL XXIV PreTSL XXVII Alesco IX Alesco XVII Class B-1 C-1 A-2A B Lowest credit rating assigned CC C BB CCC Number of performing banks 55 30 58 48 Number of performing insurance companies 13 7 10 n/a Number of issuers in default 19 8 1 4 Number of issuers in deferral 6 4 7 4 Defaults & deferrals as a % of performing collateral 39.90 % 29.34 % 8.28 % 16.96 % Subordination: As a % of performing collateral 7.23 % -5.34 % 45.64 % 25.85 % As a % of performing collateral - adjusted for projected future defaults 2.25 % -13.14 % 42.53 % 21.62 % Other-than-temporary impairment model assumptions: Defaults: Year 1 - issuer average 1.70 % 2.30 % 1.80 % 1.80 % Year 2 - issuer average 1.70 % 2.30 % 1.80 % 1.80 % Year 3 - issuer average 1.70 % 2.30 % 1.80 % 1.80 % > 3 Years - issuer average (1 ) (1 ) (1 ) (1 ) Discount rate - 3 month Libor, plus implicit yield spread at purchase 1.48 % 1.23 % 1.27 % 1.44 % Recovery assumptions (2 ) (2 ) (2 ) (2 ) Prepayments 0.00 % 0.00 % 0.00 % 0.00 % Other-than-temporary impairment $ 41 $ 132 $ 36 $ 62 (1) - Default rates > 3 years are evaluated on a issuer by issuer basis and range from 0.25% to 5.00%. (2) - Recovery assumptions are evaluated on a issuer by issuer basis and range from 0% to 15% with a five year lag. In the preceding table, the Bancorp’s subordination for each trust preferred security is calculated by taking the total performing collateral and subtracting the sum of the total collateral within the Bancorp’s class and the total collateral within all senior classes, and then stating this result as a percentage of the total performing collateral. This measure is an indicator of the level of collateral that can default before potential cash flow disruptions may occur. In addition, management calculates subordination assuming future collateral defaults by utilizing the default/deferral assumptions in the Bancorp’s other-than-temporary-impairment analysis. Subordination assuming future default/deferral assumptions is calculated by deducting future defaults from the current performing collateral. At June 30, 2015, management reviewed the subordination levels for each security in context of the level of current collateral defaults and deferrals within each security; the potential for additional defaults and deferrals within each security; the length of time that the security has been in “payment in kind” status; and the Bancorp’s class position within each security. Management calculated the other-than-temporary impairment model assumptions based on the specific collateral underlying each individual security. The following assumption methodology was applied consistently to each of the four pooled trust preferred securities: For collateral that has already defaulted, no recovery was assumed; no cash flows were assumed from collateral currently in deferral, with the exception of the recovery assumptions. The default and recovery assumptions were calculated based on a detailed collateral review. The discount rate assumption used in the calculation of the present value of cash flows is based on the discount margin (i.e., credit spread) at the time each security was purchased using the original purchase price. The discount margin is then added to the appropriate 3-month LIBOR forward rate obtained from the forward LIBOR curve. At September 30, 2015, three of the trust preferred securities with a cost basis of $3.8 million continue to be in “payment in kind” status. The Bancorp’s securities that are classified as “payment in kind” are a result of not receiving the scheduled quarterly interest payments. For the securities in “payment in kind” status, management anticipates to receive the unpaid contractual interest payments from the issuer, because of the self-correcting cash flow waterfall provisions within the structure of the securities. When a tranche senior to the Bancorp’s position fails the coverage test, the Bancorp’s interest cash flows are paid to the senior tranche and recorded as a reduction of principal. The coverage test represents an over collateralization target by stating the balance of the performing collateral as a percentage of the balance of the Bancorp’s tranche, plus the balance of all senior tranches. The principal reduction in the senior tranche continues until the appropriate coverage test is passed. As a result of the principal reduction in the senior tranche, more cash is available for future payments to the Bancorp’s tranche. Consistent with the Investments – Debt and Equity Securities Topic, management considered the failure of the issuer of the security to make scheduled interest payments in determining whether a credit loss existed. Management will not capitalize the “payment in kind” interest payments to the book value of the securities and will keep these securities in non-accrual status until the quarterly interest payments resume. Assets and Liabilities Measured on a Recurring Basis There were no transfers to or from Levels 1 and 2 during the nine months ended September 30, 2015. Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurements at September 30, 2015 Using Quoted Prices in Active Markets Significant Other Significant Estimated for Identical Observable Unobservable Fair Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Money market fund $ 1,222 $ 1,222 $ - $ - U.S. government sponsored entities 16,260 - 16,260 - Collateralized mortgage obligations and residential mortgage-backed securities 119,263 - 119,263 - Municipal securities 93,329 - 93,329 - Collateralized debt obligations 2,798 - - 2,798 Total securities available-for-sale $ 232,872 $ 1,222 $ 228,852 $ 2,798 Fair Value Measurements at December 31, 2014 Using Quoted Prices in Active Markets Significant Other Significant Estimated for Identical Observable Unobservable Fair Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Money market fund $ 6,453 $ 6,453 $ - $ - U.S. government sponsored entities 12,869 - 12,869 - Collateralized mortgage obligations and residential mortgage-backed securities 117,574 - 117,574 - Municipal securities 80,725 - 80,725 - Collateralized debt obligations 2,432 - - 2,432 Total securities available-for-sale $ 220,053 $ 6,453 $ 211,168 $ 2,432 A roll forward of available-for-sale securities, which require significant adjustment based on unobservable data, are presented in the following table: Fair Value Measurements Using Significant Unobservable Inputs (Dollars in thousands) (Level 3) Available-for- sale securities Beginning balance, January 1, 2014 $ 1,968 Included in earnings - Total unrealized gains included in other comprehensive income 464 Transfers in and/or (out) of Level 3 - Ending balance, December 31, 2014 $ 2,432 Beginning balance, January 1, 2015 $ 2,432 Included in earnings - Total unrealized gains included in other comprehensive income 366 Transfers in and/or (out) of Level 3 - Ending balance, September 30, 2015 $ 2,798 Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at September 30, 2015 Using Quoted Prices in Active Markets Significant Other Significant Estimated for Identical Observable Unobservable Fair Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Impaired loans $ 6,925 $ - $ - $ 6,925 Foreclosed real estate 1,411 - - 1,411 Fair Value Measurements at December 31, 2014 Using Quoted Prices in Active Markets Significant Other Significant Estimated for Identical Observable Unobservable Fair Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Impaired loans $ 6,930 $ - $ - $ 6,930 Foreclosed real estate 1,745 - - 1,745 The fair value of impaired loans with specific allocations of the allowance for loan losses or loans for which charge-offs have been taken is generally based on a present value of cash flows or, for collateral dependent loans, based on recent real estate appraisals. Appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. The recorded investment of impaired loans was approximately $7.3 million and the related specific reserves totaled approximately $367 thousand, resulting in a fair value of impaired loans totaling approximately $6.9 million, at September 30, 2015. The recorded investment of impaired loans was approximately $7.3 million and the related specific reserves totaled approximately $426 thousand, resulting in a fair value of impaired loans totaling approximately $6.9 million, at December 31, 2014. Fair value is determined, where possible, using market prices derived from an appraisal or evaluation, which are considered to be Level 2 inputs. However, certain assumptions and unobservable inputs are often used by the appraiser, therefore, qualifying the assets as Level 3 in the fair value hierarchy. The fair value of foreclosed real estate is similarly determined by using the results of recent real estate appraisals. The numerical range of unobservable inputs for these valuation assumptions is not meaningful to this presentation. The following table shows carrying values and related estimated fair values of financial instruments as of the dates indicated. Estimated fair values are further categorized by the inputs used to measure fair value. Items that are not financial instruments are not included. September 30, 2015 Estimated Fair Value Measurements at September 30, 2015 Using Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Carrying Estimated Identical Assets Inputs Inputs (Dollars in thousands) Value Fair Value (Level 1) (Level 2) (Level 3) Financial assets: Cash and cash equivalents $ 11,196 $ 11,196 $ 11,196 $ - $ - Securities available-for-sale 232,872 232,872 1,222 228,852 2,798 Loans held-for-sale 223 228 228 - - Loans receivable, net 546,195 540,459 - - 540,459 Federal Home Loan Bank stock 3,000 3,000 - 3,000 - Accrued interest receivable 2,842 2,842 - 2,842 - Financial liabilities: Non-interest bearing deposits 99,487 99,487 99,487 - - Interest bearing deposits 598,969 598,927 401,077 197,850 - Repurchase agreements 21,447 21,455 15,470 5,985 - Borrowed funds 32,195 28,778 490 28,288 - Accrued interest payable 35 35 - 35 - December 31, 2014 Estimated Fair Value Measurements at December 31, 2014 Using Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Carrying Estimated Identical Assets Inputs Inputs (Dollars in thousands) Value Fair Value (Level 1) (Level 2) (Level 3) Financial assets: Cash and cash equivalents $ 21,963 $ 21,963 $ 21,963 $ - $ - Securities available-for-sale 220,053 220,053 6,453 211,168 2,432 Loans held-for-sale 2,913 2,983 2,983 - - Loans receivable, net 481,792 480,736 - - 480,736 Federal Home Loan Bank stock 3,681 3,681 - 3,681 - Accrued interest receivable 2,727 2,727 - 2,727 - Financial liabilities: Non-interest bearing deposits 80,352 80,352 80,352 - - Interest bearing deposits 553,594 552,872 368,501 184,371 - Repurchase agreements 17,525 17,528 12,010 5,518 - Borrowed funds 36,381 36,424 281 36,143 - Accrued interest payable 49 49 - 49 - The following methods were used to estimate the fair value of financial instruments presented in the preceding table for the periods ended September 30, 2015 and December 31, 2014: Cash and cash equivalents carrying amounts approximate fair value. The fair values of securities available-for-sale are obtained from broker pricing (Level 2), with the exception of collateralized debt obligations, which are valued by a third-party specialist (Level 3). Loans held-for-sale comprise residential mortgages and are priced based on values established by the secondary mortgage markets (Level 1). The estimated fair value for net loans receivable is based on estimates of the rate the Bancorp would charge for similar such loans, applied for the time period until estimated repayment, in addition to appraisals which may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach (Level 3). Federal Home Loan Bank stock is estimated at book value due to restrictions that limit the sale or transfer of the security. Fair value of accrued interest receivable and payable approximates book value, as the carrying values are determined using the observable interest rate, balance, and last payment date. Non-interest and interest bearing deposits, which include checking, savings, and money market deposits, are estimated to have fair values based on the amount payable as of the reporting date (Level 1). The fair value of fixed-maturity certificates of deposit (included in interest bearing deposits) are based on estimates of the rate the Bancorp would pay on similar deposits, applied for the time period until maturity (Level 2). Estimated fair values for short-term repurchase agreements, which represent sweeps from demand deposits to accounts secured by pledged securities, are estimated based on the amount payable as of the reporting date (Level 1). Longer-term repurchase agreements, with contractual maturity dates of three months or more, are based on estimates of the rate the Bancorp would pay on similar deposits, applied for the time period until maturity (Level 2). Short-term borrowings are generally only held overnight, therefore, their carrying amount is a reasonable estimate of fair value (Level 1). The fair value of FHLB Advances (included in borrowed funds) are estimated by discounting the future cash flows using quoted rates from the FHLB for similar advances with similar maturities (Level 2). The estimated fair value of other financial instruments, and off-balance sheet loan commitments, approximate cost and are not considered significant to this presentation.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities [Table Text Block]	The estimated fair value of available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows: (Dollars in thousands) Gross Gross Estimated Cost Unrealized Unrealized Fair Basis Gains Losses Value September 30, 2015 Money market fund $ 1,222 $ - $ - $ 1,222 U.S. government sponsored entities 16,249 18 (7) 16,260 Collateralized mortgage obligations and residential mortgage-backed securities 117,341 2,092 (170) 119,263 Municipal securities 90,178 3,257 (106) 93,329 Collateralized debt obligations 5,096 - (2,298) 2,798 Total securities available-for-sale $ 230,086 $ 5,367 $ (2,581) $ 232,872 (Dollars in thousands) Gross Gross Estimated Cost Unrealized Unrealized Fair Basis Gains Losses Value December 31, 2014 Money market fund $ 6,453 $ - $ - $ 6,453 U.S. government sponsored entities 13,000 2 (133) 12,869 Collateralized mortgage obligations and residential mortgage-backed securities 116,088 1,870 (384) 117,574 Municipal securities 76,989 3,749 (13) 80,725 Collateralized debt obligations 5,141 - (2,709) 2,432 Total securities available-for-sale $ 217,671 $ 5,621 $ (3,239) $ 220,053
Schedule of Contractual Maturities of Available-for-sale Debt Securities [Table Text Block]	The estimated fair value of available-for-sale debt securities at September 30, 2015, by contractual maturity, were as follows. Securities not due at a single maturity date, primarily collateralized mortgage obligations and residential mortgage-backed securities, are shown separately. (Dollars in thousands) Available-for-sale Estimated Fair Tax-Equivalent September 30, 2015 Value Yield (%) Due in one year or less $ 1,530 6.87 Due from one to five years 20,548 2.52 Due from five to ten years 21,909 5.86 Due over ten years 69,622 4.55 Collateralized mortgage obligations and residential mortgage-backed securities 119,263 2.55 Total $ 232,872 3.49
Schedule of Realized Gain (Loss) [Table Text Block]	Sales of available-for-sale securities were as follows for the nine months ended: (Dollars in thousands) September 30, September 30, 2015 2014 Proceeds $ 29,241 $ 29,451 Gross gains 564 791 Gross losses (2) (271)
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated other comprehensive income/(loss) balances, net of tax, related to available-for-sale securities, were as follows: (Dollars in thousands) Unrealized gain/(loss) Ending balance, December 31, 2014 $ 1,556 Current period change 273 Ending balance, September 30, 2015 $ 1,829
Unrealized Gain (Loss) on Investments [Table Text Block]	Securities with gross unrealized losses at September 30, 2015 and December 31, 2014 not recognized in income are as follows: (Dollars in thousands) Less than 12 months 12 months or longer Total Estimated Estimated Estimated Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses September 30, 2015 U.S. government sponsored entities $ 2,497 $ (3) $ 1,996 $ (4) $ 4,493 $ (7) Collateralized mortgage obligations and residential mortgage-backed securities 5,302 (9) 8,500 (161) 13,802 (170) Municipal securities 9,889 (106) - - 9,889 (106) Collateralized debt obligations - - 2,798 (2,298) 2,798 (2,298) Total temporarily impaired $ 17,688 $ (118) $ 13,294 $ (2,463) $ 30,982 $ (2,581) Number of securities 27 13 40 (Dollars in thousands) Less than 12 months 12 months or longer Total Estimated Estimated Estimated Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses December 31, 2014 U.S. government sponsored entities $ 1,496 $ (4) $ 10,371 $ (129) $ 11,867 $ (133) Collateralized mortgage obligations and residential mortgage-backed securities 8,169 (40) 14,486 (344) 22,655 (384) Municipal securities 687 (3) 1,459 (10) 2,146 (13) Collateralized debt obligations - - 2,432 (2,709) 2,432 (2,709) Total temporarily impaired $ 10,352 $ (47) $ 28,748 $ (3,192) $ 39,100 $ (3,239) Number of securities 9 29 38

Loans Receivable (Tables)

Loans Receivable (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Loans receivable are summarized below: (Dollars in thousands) September 30, 2015 December 31, 2014 Loans secured by real estate: Residential, including home equity $ 213,985 $ 189,743 Commercial real estate, construction & land development, and other dwellings 238,723 211,162 Commercial participations purchased 312 2,289 Total loans secured by real estate 453,020 403,194 Consumer loans 591 358 Commercial business 69,684 58,790 Government loans 29,882 26,134 Subtotal 553,177 488,476 Less: Net deferred loan origination fees (171) (197) Undisbursed loan funds (86) (126) Loan receivables $ 552,920 $ 488,153
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Residential Real Estate, Including Home Equity Consumer Loans Commercial Real Estate, Construction & Land Development, and Other Dwellings Commercial Participations Purchased Commercial Business Loans Government Loans Total The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2015: Allowance for loan losses: Beginning Balance $ 1,528 $ 31 $ 4,216 $ 19 $ 830 $ 75 $ 6,699 Charge-offs - (8 ) - - (77 ) - (85 ) Recoveries 7 2 - - 2 - 11 Provisions (68 ) 14 91 (3 ) 57 9 100 Ending Balance $ 1,467 $ 39 $ 4,307 $ 16 $ 812 $ 84 $ 6,725 The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2014: Allowance for loan losses: Beginning Balance $ 1,448 $ 29 $ 3,725 $ 25 $ 869 $ 80 $ 6,176 Charge-offs (110 ) (14 ) (3 ) - - - (127 ) Recoveries - - 4 - 13 - 17 Provisions 261 14 (67 ) 9 (51 ) (1 ) 165 Ending Balance $ 1,599 $ 29 $ 3,659 $ 34 $ 831 $ 79 $ 6,231 The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2015: Allowance for loan losses: Beginning Balance $ 1,878 $ 17 $ 3,645 $ 13 $ 733 $ 75 $ 6,361 Charge-offs (101 ) (22 ) (59 ) - (77 ) - (259 ) Recoveries 7 3 22 - 6 - 38 Provisions (317 ) 41 699 3 150 9 585 Ending Balance $ 1,467 $ 39 $ 4,307 $ 16 $ 812 $ 84 $ 6,725 The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2014: Allowance for loan losses: Beginning Balance $ 1,444 $ 12 $ 4,789 $ 31 $ 859 $ 54 $ 7,189 Charge-offs (123 ) (26 ) (1,421 ) - - - (1,570 ) Recoveries 2 - 17 2 16 - 37 Provisions 276 43 274 1 (44 ) 25 575 Ending Balance $ 1,599 $ 29 $ 3,659 $ 34 $ 831 $ 79 $ 6,231 (Dollars in thousands) Residential Real Estate, Including Home Equity Consumer Loans Commercial Real Estate, Construction & Land Development, and Other Dwellings Commercial Participations Purchased Commercial Business Loans Government Loans Total The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at September 30, 2015: Ending balance: individually evaluated for impairment $ - $ - $ 328 $ 16 $ 23 $ - $ 367 Ending balance: collectively evaluated for impairment $ 1,467 $ 39 $ 3,979 $ - $ 789 $ 84 $ 6,358 LOAN RECEIVABLES Ending balance $ 213,786 $ 591 $ 238,723 $ 312 $ 69,626 $ 29,882 $ 552,920 Ending balance: individually evaluated for impairment $ 333 $ - $ 5,001 $ 94 $ 102 $ - $ 5,530 Ending balance: purchased credit impaired individually evaluated for impairment $ 1,762 $ - $ - $ - $ - $ - $ 1,762 Ending balance: collectively evaluated for impairment $ 211,691 $ 591 $ 233,722 $ 218 $ 69,524 $ 29,882 $ 545,628 The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2014: Ending balance: individually evaluated for impairment $ 15 $ - $ 366 $ 11 $ 34 $ - $ 426 Ending balance: collectively evaluated for impairment $ 1,863 $ 17 $ 3,279 $ 2 $ 699 $ 75 $ 5,935 LOAN RECEIVABLES Ending balance $ 189,529 $ 357 $ 211,162 $ 2,289 $ 58,682 $ 26,134 $ 488,153 Ending balance: individually evaluated for impairment $ 97 $ - $ 6,240 $ 103 $ 328 $ - $ 6,768 Ending balance: purchased credit impaired individually evaluated for impairment $ 588 $ - $ - $ - $ - $ - $ 588 Ending balance: collectively evaluated for impairment $ 188,844 $ 357 $ 204,922 $ 2,186 $ 58,354 $ 26,134 $ 480,797
Financing Receivable Credit Quality Indicators [Table Text Block]	(Dollars in thousands) Corporate Credit Exposure - Credit Risk Portfolio By Creditworthiness Category Commercial Real Estate, Construction Commercial Participations Purchased Commercial Business Loans Government Loan Grades 2015 2014 2015 2014 2015 2014 2015 2014 2 Moderate risk $ 133 $ - $ - $ - $ 6,662 $ 4,920 $ - $ - 3 Acceptable risk 191,677 170,423 199 2,071 48,854 41,197 29,882 26,134 4 Pass/monitor 37,475 29,678 19 115 11,632 10,893 - - 5 Special mention (watch) 4,397 4,649 - - 415 1,343 - - 6 Substandard 5,041 6,412 94 103 2,063 329 - - 7 Doubtful - - - - - - - - Total $ 238,723 $ 211,162 $ 312 $ 2,289 $ 69,626 $ 58,682 $ 29,882 $ 26,134 (Dollars in thousands) Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity Residential Real Estate, Consumer Loans 2015 2014 2015 2014 Performing $ 209,826 $ 185,996 $ 591 $ 357 Non-performing 3,960 3,533 - - Total $ 213,786 $ 189,529 $ 591 $ 357
Impaired Financing Receivables [Table Text Block]	The Bancorp's individually evaluated impaired loans are summarized below: For the nine months ended As of September 30,2015 September 30, 2015 Average Interest Recorded Unpaid Principal Related Recorded Income (Dollars in thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Residential real estate, including home equity $ 2,095 $ 4,468 $ - $ 2,104 $ 17 Commercial real estate, construction & land development, and other dwellings - - - - - Commercial participations purchased - - - - - Commercial business loans 79 79 - 81 1 With an allowance recorded: Residential real estate, including home equity - - - - - Commercial real estate, construction & land development, and other dwellings 5,001 5,001 328 5,024 43 Commercial participations purchased 94 94 16 95 3 Commercial business loans 23 23 23 23 - Total: Residential real estate, including home equity $ 2,095 $ 4,468 $ - $ 2,104 $ 17 Commercial real estate, construction & land development, and other dwellings $ 5,001 $ 5,001 $ 328 $ 5,024 $ 43 Commercial participations purchased $ 94 $ 94 $ 16 $ 95 $ 3 Commercial business loans $ 102 $ 102 $ 23 $ 104 $ 1 For the nine months ended As of December 31, 2014 September 30, 2014 Average Interest Recorded Unpaid Principal Related Recorded Income (Dollars in thousands) Investment Balance Allowance Investment Recognized With no related allowance recorded: Residential real estate, including home equity $ - $ - $ - $ 200 $ - Commercial real estate, construction & land development, and other dwellings 524 524 - 848 19 Commercial participations purchased - - - - - Commercial business loans 25 25 - 198 - With an allowance recorded: Residential real estate, including home equity 685 1,258 15 560 17 Commercial real estate, construction & land development, and other dwellings 5,716 6,952 366 6,536 149 Commercial participations purchased 103 103 11 26 2 Commercial business loans 303 571 34 285 5 Total: Residential real estate, including home equity $ 685 $ 1,258 $ 15 $ 760 $ 17 Commercial real estate, construction & land development, and other dwellings $ 6,240 $ 7,476 $ 366 $ 7,384 $ 168 Commercial participations purchased $ 103 $ 103 $ 11 $ 26 $ 2 Commercial business loans $ 328 $ 596 $ 34 $ 483 $ 5
Past Due Financing Receivables [Table Text Block]	The Bancorp’s age analysis of past due loans is summarized below: (Dollars in thousands) Recorded Investments Greater than 30-59 Days Past 60-89 Days Past Greater Than 90 90 Days and Due Due Days Past Due Total Past Due Current Total Loans Accruing September 30, 2015 Residential real estate, including home equity $ 4,965 $ 2,371 $ 2,512 $ 9,848 $ 203,938 $ 213,786 $ 276 Consumer loans - 1 - 1 590 591 - Commercial real estate, construction & land development, and other dwellings 2,124 243 576 2,943 235,780 238,723 - Commercial participations purchased - - 94 94 218 312 - Commercial business loans 397 253 22 672 68,954 69,626 - Government loans - - - - 29,882 29,882 - Total $ 7,486 $ 2,868 $ 3,204 $ 13,558 $ 539,362 $ 552,920 $ 276 December 31, 2014 Residential real estate, including home equity $ 4,405 $ 2,693 $ 2,579 $ 9,677 $ 179,852 $ 189,529 $ 941 Consumer loans - - - - 357 357 - Commercial real estate, construction & land development, and other dwellings 855 190 1,783 2,828 208,334 211,162 - Commercial participations purchased - - 103 103 2,186 2,289 - Commercial business loans 339 76 238 653 58,029 58,682 - Government loans - - - - 26,134 26,134 - Total $ 5,599 $ 2,959 $ 4,703 $ 13,261 $ 474,892 $ 488,153 $ 941
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	The Bancorp's loans on nonaccrual status are summarized below: (Dollars in thousands) September 30, December 31, 2015 2014 Residential real estate, including home equity $ 3,960 $ 2,443 Consumer loans - - Commercial real estate, construction & land development, and other dwellings 576 1,815 Commercial participations purchased 94 103 Commercial business loans 22 238 Government loans - - Total $ 4,652 $ 4,599

Foreclosed Real Estate (Tables)

Foreclosed Real Estate (Tables)	9 Months Ended
	Sep. 30, 2015
Other Real Estate and Foreclosed Assets [Abstract]
Schedule of Real Estate Properties [Table Text Block]	Foreclosed real estate at period-end is summarized below: (Dollars in thousands) September 30, December 31, 2015 2014 Residential real estate, including home equity $ 113 $ 324 Commercial real estate, construction & land development and other dwellings 1,218 1,218 Commercial business 80 203 Total $ 1,411 $ 1,745

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three and nine months ended September 30, 2015 and 2014 are as follows: Three Months Ended Nine Months Ended (Dollars in thousands, except per share data) September 30, September 30, 2015 2014 2015 2014 Basic earnings per common share: Net income as reported $ 1,921 $ 1,913 $ 5,823 $ 5,666 Weighted average common shares outstanding 2,851,417 2,844,167 2,850,594 2,843,988 Basic earnings per common share $ 0.67 $ 0.67 $ 2.04 $ 1.99 Diluted earnings per common share: Net income as reported $ 1,921 $ 1,913 $ 5,823 $ 5,666 Weighted average common shares outstanding 2,851,417 2,844,167 2,850,594 2,843,988 Add: Dilutive effect of assumed stock option exercises - - - - Weighted average common and dilutive potential common shares outstanding 2,851,417 2,844,167 2,850,594 2,843,988 Diluted earnings per common share $ 0.67 $ 0.67 $ 2.04 $ 1.99

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	A summary of incentive option activity under the Bancorp’s stock option and incentive plans described above for the nine months ended September 30, 2015 follows: Weighted- Weighted- Average Average Remaining Aggregate Exercise Contractual Intrinsic Incentive options Shares Price Term Value Outstanding at January 1, 2015 750 $ 28.50 Granted - - Exercised - - Forfeited - - Expired - - Outstanding at September 30, 2015 750 $ 28.50 2.4 - Exercisable at September 30, 2015 750 $ 28.50 2.4 -
Nonvested Restricted Stock Shares Activity [Table Text Block]	A summary of restricted stock activity under the Bancorp’s incentive stock option and incentive plans described above for the nine months ended September 30, 2015 follows: Weighted- Average Grant Date Restricted stock Shares Fair Value Nonvested at January 1, 2015 12,775 $ 23.63 Granted 7,250 27.50 Vested (300) 16.75 Forfeited - - Nonvested at September 30, 2015 19,725 $ 25.15

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]	The table below shows the credit loss roll forward on a year-to-date basis for the Bancorp’s pooled trust preferred securities that have been classified with other-than-temporary impairment: (Dollars in thousands) Collateralized debt obligations other-than-temporary impairment Ending balance, December 31, 2014 $ 271 Additions not previously recognized - Ending balance, September 30, 2015 $ 271
Schedule of Fair Value, Pooled Trust Preferred Securities [Table Text Block]	The following table contains information regarding the Bancorp’s pooled trust preferred securities impairment evaluation as of June 30, 2015: Cusip 74043CAC1 74042TAJ0 01449TAB9 01450NAC6 Deal name PreTSL XXIV PreTSL XXVII Alesco IX Alesco XVII Class B-1 C-1 A-2A B Lowest credit rating assigned CC C BB CCC Number of performing banks 55 30 58 48 Number of performing insurance companies 13 7 10 n/a Number of issuers in default 19 8 1 4 Number of issuers in deferral 6 4 7 4 Defaults & deferrals as a % of performing collateral 39.90 % 29.34 % 8.28 % 16.96 % Subordination: As a % of performing collateral 7.23 % -5.34 % 45.64 % 25.85 % As a % of performing collateral - adjusted for projected future defaults 2.25 % -13.14 % 42.53 % 21.62 % Other-than-temporary impairment model assumptions: Defaults: Year 1 - issuer average 1.70 % 2.30 % 1.80 % 1.80 % Year 2 - issuer average 1.70 % 2.30 % 1.80 % 1.80 % Year 3 - issuer average 1.70 % 2.30 % 1.80 % 1.80 % > 3 Years - issuer average (1 ) (1 ) (1 ) (1 ) Discount rate - 3 month Libor, plus implicit yield spread at purchase 1.48 % 1.23 % 1.27 % 1.44 % Recovery assumptions (2 ) (2 ) (2 ) (2 ) Prepayments 0.00 % 0.00 % 0.00 % 0.00 % Other-than-temporary impairment $ 41 $ 132 $ 36 $ 62 (1) - Default rates > 3 years are evaluated on a issuer by issuer basis and range from 0.25% to 5.00%. (2) - Recovery assumptions are evaluated on a issuer by issuer basis and range from 0% to 15% with a five year lag.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	There were no transfers to or from Levels 1 and 2 during the nine months ended September 30, 2015. Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurements at September 30, 2015 Using Quoted Prices in Active Markets Significant Other Significant Estimated for Identical Observable Unobservable Fair Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Money market fund $ 1,222 $ 1,222 $ - $ - U.S. government sponsored entities 16,260 - 16,260 - Collateralized mortgage obligations and residential mortgage-backed securities 119,263 - 119,263 - Municipal securities 93,329 - 93,329 - Collateralized debt obligations 2,798 - - 2,798 Total securities available-for-sale $ 232,872 $ 1,222 $ 228,852 $ 2,798 Fair Value Measurements at December 31, 2014 Using Quoted Prices in Active Markets Significant Other Significant Estimated for Identical Observable Unobservable Fair Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Money market fund $ 6,453 $ 6,453 $ - $ - U.S. government sponsored entities 12,869 - 12,869 - Collateralized mortgage obligations and residential mortgage-backed securities 117,574 - 117,574 - Municipal securities 80,725 - 80,725 - Collateralized debt obligations 2,432 - - 2,432 Total securities available-for-sale $ 220,053 $ 6,453 $ 211,168 $ 2,432
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	A roll forward of available-for-sale securities, which require significant adjustment based on unobservable data, are presented in the following table: Fair Value Measurements Using Significant Unobservable Inputs (Dollars in thousands) (Level 3) Available-for- sale securities Beginning balance, January 1, 2014 $ 1,968 Included in earnings - Total unrealized gains included in other comprehensive income 464 Transfers in and/or (out) of Level 3 - Ending balance, December 31, 2014 $ 2,432 Beginning balance, January 1, 2015 $ 2,432 Included in earnings - Total unrealized gains included in other comprehensive income 366 Transfers in and/or (out) of Level 3 - Ending balance, September 30, 2015 $ 2,798
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]	Assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at September 30, 2015 Using Quoted Prices in Active Markets Significant Other Significant Estimated for Identical Observable Unobservable Fair Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Impaired loans $ 6,925 $ - $ - $ 6,925 Foreclosed real estate 1,411 - - 1,411 Fair Value Measurements at December 31, 2014 Using Quoted Prices in Active Markets Significant Other Significant Estimated for Identical Observable Unobservable Fair Assets Inputs Inputs (Dollars in thousands) Value (Level 1) (Level 2) (Level 3) Impaired loans $ 6,930 $ - $ - $ 6,930 Foreclosed real estate 1,745 - - 1,745
Fair Value, by Balance Sheet Grouping [Table Text Block]	The following table shows carrying values and related estimated fair values of financial instruments as of the dates indicated. Estimated fair values are further categorized by the inputs used to measure fair value. Items that are not financial instruments are not included. September 30, 2015 Estimated Fair Value Measurements at September 30, 2015 Using Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Carrying Estimated Identical Assets Inputs Inputs (Dollars in thousands) Value Fair Value (Level 1) (Level 2) (Level 3) Financial assets: Cash and cash equivalents $ 11,196 $ 11,196 $ 11,196 $ - $ - Securities available-for-sale 232,872 232,872 1,222 228,852 2,798 Loans held-for-sale 223 228 228 - - Loans receivable, net 546,195 540,459 - - 540,459 Federal Home Loan Bank stock 3,000 3,000 - 3,000 - Accrued interest receivable 2,842 2,842 - 2,842 - Financial liabilities: Non-interest bearing deposits 99,487 99,487 99,487 - - Interest bearing deposits 598,969 598,927 401,077 197,850 - Repurchase agreements 21,447 21,455 15,470 5,985 - Borrowed funds 32,195 28,778 490 28,288 - Accrued interest payable 35 35 - 35 - December 31, 2014 Estimated Fair Value Measurements at December 31, 2014 Using Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Carrying Estimated Identical Assets Inputs Inputs (Dollars in thousands) Value Fair Value (Level 1) (Level 2) (Level 3) Financial assets: Cash and cash equivalents $ 21,963 $ 21,963 $ 21,963 $ - $ - Securities available-for-sale 220,053 220,053 6,453 211,168 2,432 Loans held-for-sale 2,913 2,983 2,983 - - Loans receivable, net 481,792 480,736 - - 480,736 Federal Home Loan Bank stock 3,681 3,681 - 3,681 - Accrued interest receivable 2,727 2,727 - 2,727 - Financial liabilities: Non-interest bearing deposits 80,352 80,352 80,352 - - Interest bearing deposits 553,594 552,872 368,501 184,371 - Repurchase agreements 17,525 17,528 12,010 5,518 - Borrowed funds 36,381 36,424 281 36,143 - Accrued interest payable 49 49 - 49 -

Acquisition Activity (Details T

Acquisition Activity (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Business Acquisition [Line Items]
Goodwill	$ 2,561	$ 1,611	$ 1,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	57,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities	8,100
Business Combination, Acquired Receivables, Fair Value	28,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	1,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	57,900
Finite-lived Intangible Assets Acquired	471
Other Accrued Liabilities	1,500
First Federal Acquisition [Member]
Business Acquisition [Line Items]
Goodwill	2,000
Core Deposits [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	56,200
Core Deposits [Member] | First Federal Acquisition [Member]
Business Acquisition [Line Items]
Goodwill	$ 573

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Cost Basis	$ 230,086	$ 217,671
Gross Unrealized Gains	5,367	5,621
Gross Unrealized Losses	(2,581)	(3,239)
Estimated Fair Value	232,872	220,053
U.S. government sponsored entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost Basis	16,249	13,000
Gross Unrealized Gains	18	2
Gross Unrealized Losses	(7)	(133)
Estimated Fair Value	16,260	12,869
Collateralized mortgage obligations and residential mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost Basis	117,341	116,088
Gross Unrealized Gains	2,092	1,870
Gross Unrealized Losses	(170)	(384)
Estimated Fair Value	119,263	117,574
Collateralized Debt Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost Basis	5,096	5,141
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2,298)	(2,709)
Estimated Fair Value	2,798	2,432
Money market fund [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost Basis	1,222	6,453
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	1,222	6,453
Municipal securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost Basis	90,178	76,989
Gross Unrealized Gains	3,257	3,749
Gross Unrealized Losses	(106)	(13)
Estimated Fair Value	$ 93,329	$ 80,725

Securities (Details 1)

Securities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Contractual Maturities Of Available For Sale Debt Securities [Line Items]
Estimated Fair Value, Due in one year or less	$ 1,530
Estimated Fair Value, Due from one to five years	20,548
Estimated Fair Value, Due from five to ten years	21,909
Estimated Fair Value, Due over ten years	69,622
Estimated Fair Value, Total	$ 232,872	$ 220,053
Tax-Equivalent Yield, Due in one year or less	6.87%
Tax-Equivalent Yield, Due from one to five years	2.52%
Tax-Equivalent Yield, Due from five to ten years	5.86%
Tax-Equivalent Yield, Due over ten years	4.55%
Tax-Equivalent Yield, Total	3.49%
Collateralized mortgage obligations and residential mortgage-backed securities [Member]
Contractual Maturities Of Available For Sale Debt Securities [Line Items]
Estimated Fair Value, Total	$ 119,263	$ 117,574
Tax-Equivalent Yield, Total	2.55%

Securities (Details 2)

Securities (Details 2) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Realized Gain Loss [Line Items]
Proceeds	$ 29,241	$ 29,451
Gross gains	564	791
Gross losses	$ (2)	$ (271)

Securities (Details 3)

Securities (Details 3) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance, December 31, 2014	$ 1,556
Current period change	273
Ending balance, September 30, 2015	$ 1,829

Securities (Details 4)

Securities (Details 4) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)Securities	Dec. 31, 2014USD ($)Securities
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months	$ 17,688	$ 10,352
Unrealized Losses, Less than 12 months	(118)	(47)
Estimated Fair Value, 12 months or longer	13,294	28,748
Unrealized Losses, 12 months or longer	(2,463)	(3,192)
Estimated Fair Value, Total	30,982	39,100
Unrealized Losses, Total	$ (2,581)	$ (3,239)
Number of securities, Unrealized Losses, Less than 12 months | Securities	27	9
Number of securities, Unrealized Losses, 12 months or longer | Securities	13	29
Number of securities, Unrealized Losses, Total | Securities	40	38
U.S. government sponsored entities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months	$ 2,497	$ 1,496
Unrealized Losses, Less than 12 months	(3)	(4)
Estimated Fair Value, 12 months or longer	1,996	10,371
Unrealized Losses, 12 months or longer	(4)	(129)
Estimated Fair Value, Total	4,493	11,867
Unrealized Losses, Total	(7)	(133)
Collateralized mortgage obligations and residential mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months	5,302	8,169
Unrealized Losses, Less than 12 months	(9)	(40)
Estimated Fair Value, 12 months or longer	8,500	14,486
Unrealized Losses, 12 months or longer	(161)	(344)
Estimated Fair Value, Total	13,802	22,655
Unrealized Losses, Total	(170)	(384)
Collateralized Debt Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months	0	0
Unrealized Losses, Less than 12 months	0	0
Estimated Fair Value, 12 months or longer	2,798	2,432
Unrealized Losses, 12 months or longer	(2,298)	(2,709)
Estimated Fair Value, Total	2,798	2,432
Unrealized Losses, Total	(2,298)	(2,709)
Municipal securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months	9,889	687
Unrealized Losses, Less than 12 months	(106)	(3)
Estimated Fair Value, 12 months or longer	0	1,459
Unrealized Losses, 12 months or longer	0	(10)
Estimated Fair Value, Total	9,889	2,146
Unrealized Losses, Total	$ (106)	$ (13)

Securities (Details Textual)

Securities (Details Textual) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Trading Securities Pledged as Collateral	$ 30.5	$ 34.2

Loans Receivable (Details)

Loans Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Loans secured by real estate:
Total loans secured by real estate	$ 453,020	$ 403,194
Consumer loans	591	358
Commercial business	69,684	58,790
Government loans	29,882	26,134
Subtotal	553,177	488,476
Less: Net deferred loan origination fees	(171)	(197)
Less: Undisbursed loan funds	(86)	(126)
Loan receivables	552,920	488,153
Residential Including Home Equity [Member]
Loans secured by real estate:
Total loans secured by real estate	213,985	189,743
Loan receivables	213,786	189,529
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member]
Loans secured by real estate:
Total loans secured by real estate	238,723	211,162
Loan receivables	238,723	211,162
Commercial Participations Purchased [Member]
Loans secured by real estate:
Total loans secured by real estate	312	2,289
Loan receivables	$ 312	$ 2,289

Loans Receivable (Details 1)

Loans Receivable (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Allowance for loan losses:
Beginning Balance	$ 6,699	$ 6,176	$ 6,361	$ 7,189
Charge-offs	(85)	(127)	(259)	(1,570)
Recoveries	11	17	38	37
Provisions	100	165	585	575
Ending Balance	6,725	6,231	6,725	6,231
Ending balance: individually evaluated for impairment	367		367		$ 426
Ending balance: collectively evaluated for impairment	6,358		6,358		5,935
LOAN RECEIVABLES
Ending balance	552,920		552,920		488,153
Ending balance: individually evaluated for impairment	5,530		5,530		6,768
Ending balance: purchased credit impaired individually evaluated for impairment	1,762		1,762		588
Ending balance: collectively evaluated for impairment	545,628		545,628		480,797
Residential Real Estate Including Home Equity [Member]
Allowance for loan losses:
Beginning Balance	1,528	1,448	1,878	1,444
Charge-offs	0	(110)	(101)	(123)
Recoveries	7	0	7	2
Provisions	(68)	261	(317)	276
Ending Balance	1,467	1,599	1,467	1,599
Ending balance: individually evaluated for impairment	0		0		15
Ending balance: collectively evaluated for impairment	1,467		1,467		1,863
LOAN RECEIVABLES
Ending balance	213,786		213,786		189,529
Ending balance: individually evaluated for impairment	333		333		97
Ending balance: purchased credit impaired individually evaluated for impairment	1,762		1,762		588
Ending balance: collectively evaluated for impairment	211,691		211,691		188,844
Consumer Loan [Member]
Allowance for loan losses:
Beginning Balance	31	29	17	12
Charge-offs	(8)	(14)	(22)	(26)
Recoveries	2	0	3	0
Provisions	14	14	41	43
Ending Balance	39	29	39	29
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	39		39		17
LOAN RECEIVABLES
Ending balance	591		591		357
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: purchased credit impaired individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	591		591		357
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member]
Allowance for loan losses:
Beginning Balance	4,216	3,725	3,645	4,789
Charge-offs	0	(3)	(59)	(1,421)
Recoveries	0	4	22	17
Provisions	91	(67)	699	274
Ending Balance	4,307	3,659	4,307	3,659
Ending balance: individually evaluated for impairment	328		328		366
Ending balance: collectively evaluated for impairment	3,979		3,979		3,279
LOAN RECEIVABLES
Ending balance	238,723		238,723		211,162
Ending balance: individually evaluated for impairment	5,001		5,001		6,240
Ending balance: purchased credit impaired individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	233,722		233,722		204,922
Commercial Participations Purchased [Member]
Allowance for loan losses:
Beginning Balance	19	25	13	31
Charge-offs	0	0	0	0
Recoveries	0	0	0	2
Provisions	(3)	9	3	1
Ending Balance	16	34	16	34
Ending balance: individually evaluated for impairment	16		16		11
Ending balance: collectively evaluated for impairment	0		0		2
LOAN RECEIVABLES
Ending balance	312		312		2,289
Ending balance: individually evaluated for impairment	94		94		103
Ending balance: purchased credit impaired individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	218		218		2,186
Commercial business [Member]
Allowance for loan losses:
Beginning Balance	830	869	733	859
Charge-offs	(77)	0	(77)	0
Recoveries	2	13	6	16
Provisions	57	(51)	150	(44)
Ending Balance	812	831	812	831
Ending balance: individually evaluated for impairment	23		23		34
Ending balance: collectively evaluated for impairment	789		789		699
LOAN RECEIVABLES
Ending balance	69,626		69,626		58,682
Ending balance: individually evaluated for impairment	102		102		328
Ending balance: purchased credit impaired individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	69,524		69,524		58,354
Government loans [Member]
Allowance for loan losses:
Beginning Balance	75	80	75	54
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	9	(1)	9	25
Ending Balance	84	$ 79	84	$ 79
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	84		84		75
LOAN RECEIVABLES
Ending balance	29,882		29,882		26,134
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: purchased credit impaired individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	$ 29,882		$ 29,882		$ 26,134

Loans Receivable (Details 2)

Loans Receivable (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	$ 238,723	$ 211,162
Commercial Participations Purchased [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	312	2,289
Commercial business [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	69,626	58,682
Residential Real Estate [Member] | Consumer Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	213,786	189,529
Consumer Loan [Member] | Consumer Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	591	357
Government loans [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	29,882	26,134
Moderate risk [Member] | Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	133	0
Moderate risk [Member] | Commercial Participations Purchased [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Moderate risk [Member] | Commercial business [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	6,662	4,920
Moderate risk [Member] | Government loans [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Acceptable Risk [Member] | Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	191,677	170,423
Acceptable Risk [Member] | Commercial Participations Purchased [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	199	2,071
Acceptable Risk [Member] | Commercial business [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	48,854	41,197
Acceptable Risk [Member] | Government loans [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	29,882	26,134
Pass/monitor [Member] | Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	37,475	29,678
Pass/monitor [Member] | Commercial Participations Purchased [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	19	115
Pass/monitor [Member] | Commercial business [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	11,632	10,893
Pass/monitor [Member] | Government loans [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Special mention (watch) [Member] | Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	4,397	4,649
Special mention (watch) [Member] | Commercial Participations Purchased [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Special mention (watch) [Member] | Commercial business [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	415	1,343
Special mention (watch) [Member] | Government loans [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Substandard [Member] | Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	5,041	6,412
Substandard [Member] | Commercial Participations Purchased [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	94	103
Substandard [Member] | Commercial business [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	2,063	329
Substandard [Member] | Government loans [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Doubtful [Member] | Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Doubtful [Member] | Commercial Participations Purchased [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Doubtful [Member] | Commercial business [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Doubtful [Member] | Government loans [Member] | Corporate Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	0	0
Performing Financing Receivable [Member] | Residential Real Estate [Member] | Consumer Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	209,826	185,996
Performing Financing Receivable [Member] | Consumer Loan [Member] | Consumer Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	591	357
Non-performing Financing Receivable [Member] | Residential Real Estate [Member] | Consumer Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	3,960	3,533
Non-performing Financing Receivable [Member] | Consumer Loan [Member] | Consumer Credit Exposure [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable	$ 0	$ 0

Loans Receivable (Details 3)

Loans Receivable (Details 3) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 1,800
Unpaid Principal Balance	4,100
Residential Real Estate Including Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,095		$ 685
Unpaid Principal Balance	4,468		1,258
Related Allowance	0		15
Average Recorded Investment	2,104	$ 760
Interest Income Recognized	17	17
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	5,001		6,240
Unpaid Principal Balance	5,001		7,476
Related Allowance	328		366
Average Recorded Investment	5,024	7,384
Interest Income Recognized	43	168
Commercial Participations Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	94		103
Unpaid Principal Balance	94		103
Related Allowance	16		11
Average Recorded Investment	95	26
Interest Income Recognized	3	2
Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	102		328
Unpaid Principal Balance	102		596
Related Allowance	23		34
Average Recorded Investment	104	483
Interest Income Recognized	1	5
Impaired Loans With No Related Allowance [Member] | Residential Real Estate Including Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,095		0
Unpaid Principal Balance	4,468		0
Related Allowance	0		0
Average Recorded Investment	2,104	200
Interest Income Recognized	17	0
Impaired Loans With No Related Allowance [Member] | Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		524
Unpaid Principal Balance	0		524
Related Allowance	0		0
Average Recorded Investment	0	848
Interest Income Recognized	0	19
Impaired Loans With No Related Allowance [Member] | Commercial Participations Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0
Unpaid Principal Balance	0		0
Related Allowance	0		0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Impaired Loans With No Related Allowance [Member] | Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	79		25
Unpaid Principal Balance	79		25
Related Allowance	0		0
Average Recorded Investment	81	198
Interest Income Recognized	1	0
Impaired Loans With Related Allowance [Member] | Residential Real Estate Including Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		685
Unpaid Principal Balance	0		1,258
Related Allowance	0		15
Average Recorded Investment	0	560
Interest Income Recognized	0	17
Impaired Loans With Related Allowance [Member] | Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	5,001		5,716
Unpaid Principal Balance	5,001		6,952
Related Allowance	328		366
Average Recorded Investment	5,024	6,536
Interest Income Recognized	43	149
Impaired Loans With Related Allowance [Member] | Commercial Participations Purchased [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	94		103
Unpaid Principal Balance	94		103
Related Allowance	16		11
Average Recorded Investment	95	26
Interest Income Recognized	3	2
Impaired Loans With Related Allowance [Member] | Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	23		303
Unpaid Principal Balance	23		571
Related Allowance	23		$ 34
Average Recorded Investment	23	285
Interest Income Recognized	$ 0	$ 5

Loans Receivable (Details 4)

Loans Receivable (Details 4) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 13,558	$ 13,261
Current	539,362	474,892
Total Loans	552,920	488,153
Recorded Investments Greater than 90 Days and Accruing	276	941
Financing Receivables, 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,486	5,599
Financing Receivables, 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,868	2,959
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,204	4,703
Residential Real Estate Including Home Equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,848	9,677
Current	203,938	179,852
Total Loans	213,786	189,529
Recorded Investments Greater than 90 Days and Accruing	276	941
Residential Real Estate Including Home Equity [Member] | Financing Receivables, 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,965	4,405
Residential Real Estate Including Home Equity [Member] | Financing Receivables, 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,371	2,693
Residential Real Estate Including Home Equity [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,512	2,579
Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1	0
Current	590	357
Total Loans	591	357
Recorded Investments Greater than 90 Days and Accruing	0	0
Consumer Loan [Member] | Financing Receivables, 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer Loan [Member] | Financing Receivables, 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1	0
Consumer Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,943	2,828
Current	235,780	208,334
Total Loans	238,723	211,162
Recorded Investments Greater than 90 Days and Accruing	0	0
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Financing Receivables, 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,124	855
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Financing Receivables, 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	243	190
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	576	1,783
Commercial Participations Purchased [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	94	103
Current	218	2,186
Total Loans	312	2,289
Recorded Investments Greater than 90 Days and Accruing	0	0
Commercial Participations Purchased [Member] | Financing Receivables, 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial Participations Purchased [Member] | Financing Receivables, 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial Participations Purchased [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	94	103
Commercial business [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	672	653
Current	68,954	58,029
Total Loans	69,626	58,682
Recorded Investments Greater than 90 Days and Accruing	0	0
Commercial business [Member] | Financing Receivables, 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	397	339
Commercial business [Member] | Financing Receivables, 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	253	76
Commercial business [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	22	238
Government loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	29,882	26,134
Total Loans	29,882	26,134
Recorded Investments Greater than 90 Days and Accruing	0	0
Government loans [Member] | Financing Receivables, 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Government loans [Member] | Financing Receivables, 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Government loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 0

Loans Receivable (Details 5)

Loans Receivable (Details 5) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables on nonaccrual status	$ 4,652	$ 4,599
Residential Real Estate Including Home Equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables on nonaccrual status	3,960	2,443
Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables on nonaccrual status	0	0
Commercial Real Estate, Construction & Land Development, and Other Dwellings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables on nonaccrual status	576	1,815
Commercial Participations Purchased [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables on nonaccrual status	94	103
Commercial business [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables on nonaccrual status	22	238
Government loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables on nonaccrual status	$ 0	$ 0

Loans Receivable (Details Textu

Loans Receivable (Details Textual) $ in Thousands	Sep. 30, 2015USD ($)
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance, Total	$ 4,100
Impaired Financing Receivable, Recorded Investment, Total	1,800
First Federal Acquisition [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance, Total	1,800
Impaired Financing Receivable, Recorded Investment, Total	868
Liberty Savings [Member]
Financing Receivable, Modifications [Line Items]
Impaired Financing Receivable, Unpaid Principal Balance, Total	2,300
Impaired Financing Receivable, Recorded Investment, Total	$ 894

Foreclosed Real Estate (Details

Foreclosed Real Estate (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real Estate Properties [Line Items]
Foreclosed real estate	$ 1,411	$ 1,745
Residential Real Estate Including Home Equity [Member]
Real Estate Properties [Line Items]
Foreclosed real estate	113	324
Commercial Real Estate Construction And Land Development And Other Dwellings [Member]
Real Estate Properties [Line Items]
Foreclosed real estate	1,218	1,218
Commercial Business [Member]
Real Estate Properties [Line Items]
Foreclosed real estate	$ 80	$ 203

Goodwill, Other Intangible As41

Goodwill, Other Intangible Assets, and Acquisition Related Accounting (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Indefinite-lived Intangible Assets [Line Items]
Goodwill		$ 2,561	$ 1,611	$ 1,600
First Federal Acquisition [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill		2,000
Amortization of Intangible Assets		9
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year		3
Goodwill, Acquired During Period	$ 377
Impaired Loan, Additions	$ 423
First Federal Acquisition [Member] | Certificates of Deposit [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion (Amortization) of Discounts and Premiums, Investments		$ 276
Accretion Amortization Of Discounts And Premiums Term		17 months
Accretion Expense		$ 127
First Federal Acquisition [Member] | Loans Receivable [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion (Amortization) of Discounts and Premiums, Investments		$ 1,100
Accretion Amortization Of Discounts And Premiums Term		55 months
Accretion Expense		$ 168
First Federal Acquisition [Member] | During 2018 [Member] | Loans Receivable [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion Expense		164
First Federal Acquisition [Member] | Remainder of 2015 [Member] | Loans Receivable [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion Expense		49
First Federal Acquisition [Member] | Through to 2017 [Member] | Loans Receivable [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion Expense		197
Core Deposits [Member] | First Federal Acquisition [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill		573
Finite-Lived Core Deposits, Gross		$ 93
Finite-Lived Intangible Asset, Useful Life		7 years 10 months 24 days
Liberty Savings [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill		$ 573
Liberty Savings [Member] | Certificates of Deposit [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion (Amortization) of Discounts and Premiums, Investments		$ 124
Accretion Amortization Of Discounts And Premiums Term		17 months
Accretion Expense		$ 22
Liberty Savings [Member] | Loans Receivable [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion (Amortization) of Discounts and Premiums, Investments		$ 1,200
Accretion Amortization Of Discounts And Premiums Term		44 months
Accretion Expense		$ 79
Liberty Savings [Member] | Remainder of 2015 [Member] | Loans Receivable [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion Expense		79
Liberty Savings [Member] | During 2015 [Member] | Certificates of Deposit [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion Expense		22
Liberty Savings [Member] | Through 2018 [Member] | Loans Receivable [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion Expense		317
Liberty Savings [Member] | During 2016 [Member] | Certificates of Deposit [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion Expense		80
Liberty Savings [Member] | During 2019 [Member] | Loans Receivable [Member]
Indefinite-lived Intangible Assets [Line Items]
Accretion Expense		53
Liberty Savings [Member] | First Federal Acquisition [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill		2,600
Liberty Savings [Member] | Core Deposits [Member]
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Core Deposits, Gross		$ 471
Finite-Lived Intangible Asset, Useful Life		8 years 2 months 12 days
Amortization of Intangible Assets		$ 14
Liberty Savings [Member] | Core Deposits [Member] | During 2015 [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortization of Intangible Assets		$ 14

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic earnings per common share:
Net income as reported	$ 1,921	$ 1,913	$ 5,823	$ 5,666
Weighted average common shares outstanding	2,851,417	2,844,167	2,850,594	2,843,988
Basic earnings per common share	$ 0.67	$ 0.67	$ 2.04	$ 1.99
Diluted earnings per common share:
Net income as reported	$ 1,921	$ 1,913	$ 5,823	$ 5,666
Weighted average common shares outstanding	2,851,417	2,844,167	2,850,594	2,843,988
Add: Dilutive effect of assumed stock option exercises	0	0	0	0
Weighted average common and dilutive potential common shares outstanding	2,851,417	2,844,167	2,850,594	2,843,988
Diluted earnings per common share	$ 0.67	$ 0.67	$ 2.04	$ 1.99

Stock Based Compensation (Detai

Stock Based Compensation (Details) - Employee Stock Option [Member]	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares - Outstanding Begining Balance (in shares) | shares	750
Shares - Granted (in shares) | shares	0
Shares - Exercised (in shares) | shares	0
Shares - Forfeited (in shares) | shares	0
Shares - Expired (in shares) | shares	0
Shares - Outstanding Ending Balance (in shares) | shares	750
Shares - Exercisable (in shares) | shares	750
Weighted-Average Exercise Price - Outstanding at Begining of period (in dollars per share)	$ 28.5
Weighted-Average Exercise Price - Granted (in dollars per shares)	0
Weighted-Average Exercise Price - Exercised (in dollars per share)	0
Weighted-Average Exercise Price - Forfeited (in dollars per share)	0
Weighted-Average Exercise Price - Expired (in dollars per share)	0
Weighted-Average Exercise Price - Outstanding at end of period (in dollars per share)	28.5
Weighted-Average Exercise Price - Exercisable at September (in dollars per share)	$ 28.50
Weighted-Average Remaining Contractual Term - Outstanding at end of period (in years)	2 years 4 months 24 days
Weighted-Average Remaining Contractual Term - Exercisable at September (in years)	2 years 4 months 24 days
Aggregate Intrinsic Value - Outstanding at end of period (in dollars) | $	$ 0
Aggregate Intrinsic Value - Exercisable at September (in dollars) | $	$ 0

Stock Based Compensation (Det44

Stock Based Compensation (Details 1) - Employee Stock Option [Member]	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares - Nonvested at January 1, 2015 (in shares) | shares	12,775
Shares - Granted (in shares) | shares	7,250
Shares - Vested (in shares) | shares	(300)
Shares - Forfeited (in shares) | shares	0
Shares - Nonvested at September 30, 2015 (in shares) | shares	19,725
Weighted-Average Grant Date Fair Value - Nonvested at January 1, 2015 (in dollars per share)	$ 23.63
Weighted-Average Grant Date Fair Value - Granted (in dollars per share)	27.5
Weighted-Average Grant Date Fair Value - Vested (in dollars per share)	16.75
Weighted-Average Grant Date Fair Value - Forfeited (in dollars per share)	0
Weighted-Average Grant Date Fair Value - Nonvested at September 30, 2015 (in dollars per share)	$ 25.15

Stock Based Compensation (Det45

Stock Based Compensation (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	250,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross	7,250	4,175
Allocated Share-based Compensation Expense	$ 71	$ 46
Share-based Compensation Expense, Estimated for Remainder of Fiscal Year	25
Share-based Compensation Expense, Estimated for Year Two	$ 99

Fair Value (Details)

Fair Value (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Ending balance, December 31, 2014	$ 271
Additions not previously recognized	0
Ending balance, September 30, 2015	$ 271

Fair Value (Details 1)

Fair Value (Details 1) $ in Thousands		6 Months Ended
		Jun. 30, 2015USD ($)Number	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Other-than-temporary impairment model assumptions:
Other-than-temporary impairment | $			$ 271	$ 271
Cusip One [Member]
Fair Value Pooled Trust Preferred Securities [Line Items]
Class		B1
Lowest credit rating assigned		CC
Number of performing banks		55
Number of performing insurance companies		13
Number of issuers in default		19
Number of issuers in deferral		6
Defaults & deferrals as a % of performing collateral		39.90%
Subordination:
As a % of performing collateral		7.23%
As a % of performing collateral - adjusted for projected future defaults		2.25%
Other-than-temporary impairment model assumptions:
Year 1 - issuer average		1.70%
Year 2 - issuer average		1.70%
Year 3 - issuer average		1.70%
> 3 Years - issuer average	[1]
Discount rate - 3 month Libor, plus implicit yield spread at purchase		1.48%
Recovery assumptions	[2]
Prepayments		0.00%
Other-than-temporary impairment | $		$ 41
Cusip Two [Member]
Fair Value Pooled Trust Preferred Securities [Line Items]
Class		C1
Lowest credit rating assigned		C
Number of performing banks		30
Number of performing insurance companies		7
Number of issuers in default		8
Number of issuers in deferral		4
Defaults & deferrals as a % of performing collateral		29.34%
Subordination:
As a % of performing collateral		(5.34%)
As a % of performing collateral - adjusted for projected future defaults		(13.14%)
Other-than-temporary impairment model assumptions:
Year 1 - issuer average		2.30%
Year 2 - issuer average		2.30%
Year 3 - issuer average		2.30%
> 3 Years - issuer average	[1]
Discount rate - 3 month Libor, plus implicit yield spread at purchase		1.23%
Recovery assumptions	[2]
Prepayments		0.00%
Other-than-temporary impairment | $		$ 132
Cusip Three [Member]
Fair Value Pooled Trust Preferred Securities [Line Items]
Class		A-2A
Lowest credit rating assigned		BB
Number of performing banks		58
Number of performing insurance companies		10
Number of issuers in default		1
Number of issuers in deferral		7
Defaults & deferrals as a % of performing collateral		8.28%
Subordination:
As a % of performing collateral		45.64%
As a % of performing collateral - adjusted for projected future defaults		42.53%
Other-than-temporary impairment model assumptions:
Year 1 - issuer average		1.80%
Year 2 - issuer average		1.80%
Year 3 - issuer average		1.80%
> 3 Years - issuer average	[1]
Discount rate - 3 month Libor, plus implicit yield spread at purchase		1.27%
Recovery assumptions	[2]
Prepayments		0.00%
Other-than-temporary impairment | $		$ 36
Cusip Four [Member]
Fair Value Pooled Trust Preferred Securities [Line Items]
Class		B
Lowest credit rating assigned		CCC
Number of performing banks		48
Number of performing insurance companies		0
Number of issuers in default		4
Number of issuers in deferral		4
Defaults & deferrals as a % of performing collateral		16.96%
Subordination:
As a % of performing collateral		25.85%
As a % of performing collateral - adjusted for projected future defaults		21.62%
Other-than-temporary impairment model assumptions:
Year 1 - issuer average		1.80%
Year 2 - issuer average		1.80%
Year 3 - issuer average		1.80%
> 3 Years - issuer average	[1]
Discount rate - 3 month Libor, plus implicit yield spread at purchase		1.44%
Recovery assumptions	[2]
Prepayments		0.00%
Other-than-temporary impairment | $		$ 62
[1]	Default rates > 3 years are evaluated on a issuer by issuer basis and range from 0.25% to 5.00%.
[2]	Recovery assumptions are evaluated on a issuer by issuer basis and range from 0% to 15% with a five year lag.

Fair Value (Details 2)

Fair Value (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 232,872	$ 220,053
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,222	6,453
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	228,852	211,168
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,798	2,432
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	232,872	220,053
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,222	6,453
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	228,852	211,168
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,798	2,432
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,222	6,453
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	1,222	6,453
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Municipal Bonds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	93,329	80,725
Municipal Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Municipal Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	93,329	80,725
Municipal Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	16,260	12,869
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	16,260	12,869
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	119,263	117,574
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	119,263	117,574
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	2,798	2,432
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	0	0
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities	$ 2,798	$ 2,432

Fair Value (Details 3)

Fair Value (Details 3) - Collateralized Debt Obligations [Member] - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 2,432	$ 1,968
Included in earnings	0	0
Total unrealized gains included in other comprehensive income	366	464
Transfers in and/or (out) of Level 3	0	0
Ending balance	$ 2,798	$ 2,432

Fair Value (Details 4)

Fair Value (Details 4) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Impaired Loans [Member]
Fair Value Asset Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	$ 6,925	$ 6,930
Foreclosed Real Estate [Member]
Fair Value Asset Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	1,411	1,745
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Fair Value Asset Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Foreclosed Real Estate [Member]
Fair Value Asset Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Fair Value Asset Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Foreclosed Real Estate [Member]
Fair Value Asset Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Fair Value Asset Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	6,925	6,930
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member]
Fair Value Asset Measured On Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure, Nonrecurring	$ 1,411	$ 1,745

Fair Value (Details 5)

Fair Value (Details 5) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial assets, Carrying value:
Cash and cash equivalents - Carrying Value	$ 11,196	$ 21,963
Securities available-for-sale - Carrying Value	232,872	220,053
Loans held-for-sale - Carrying Value	223	2,913
Loans receivable, net - Carrying Value	546,195	481,792
Federal Home Loan Bank stock - Carrying Value	3,000	3,681
Accrued interest receivable - Carrying Value	2,842	2,727
Financial liabilities, Carrying value:
Non-interest bearing deposits - Carrying Value	99,487	80,352
Interest bearing deposits - Carrying Value	598,969	553,594
Repurchase agreements - Carrying Value	21,447	17,525
Borrowed funds - Carrying Value	32,195	36,381
Accrued interest payable - Carrying Value	35	49
Financial assets, Fair value:
Cash and cash equivalents - Estimated Fair Value	11,196	21,963
Securities available-for-sale - Estimated Fair Value	232,872	220,053
Loans held-for-sale - Estimated Fair Value	228	2,983
Loans receivable, net - Estimated Fair Value	540,459	480,736
Federal Home Loan Bank stock - Estimated Fair Value	3,000	3,681
Accrued interest receivable - Estimated Fair Value	2,842	2,727
Financial liabilities, Fair value:
Non-interest bearing deposits - Estimated Fair Value	99,487	80,352
Interest bearing deposits - Estimated Fair Value	598,927	552,872
Repurchase agreements - Estimated Fair Value	21,455	17,528
Borrowed funds - Estimated Fair Value	28,778	36,424
Accrued interest payable - Estimated Fair Value	35	49
Fair Value, Inputs, Level 1 [Member]
Financial assets, Fair value:
Cash and cash equivalents - Estimated Fair Value	11,196	21,963
Securities available-for-sale - Estimated Fair Value	1,222	6,453
Loans held-for-sale - Estimated Fair Value	228	2,983
Loans receivable, net - Estimated Fair Value	0	0
Federal Home Loan Bank stock - Estimated Fair Value	0	0
Accrued interest receivable - Estimated Fair Value	0	0
Financial liabilities, Fair value:
Non-interest bearing deposits - Estimated Fair Value	99,487	80,352
Interest bearing deposits - Estimated Fair Value	401,077	368,501
Repurchase agreements - Estimated Fair Value	15,470	12,010
Borrowed funds - Estimated Fair Value	490	281
Accrued interest payable - Estimated Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets, Fair value:
Cash and cash equivalents - Estimated Fair Value	0	0
Securities available-for-sale - Estimated Fair Value	228,852	211,168
Loans held-for-sale - Estimated Fair Value	0	0
Loans receivable, net - Estimated Fair Value	0	0
Federal Home Loan Bank stock - Estimated Fair Value	3,000	3,681
Accrued interest receivable - Estimated Fair Value	2,842	2,727
Financial liabilities, Fair value:
Non-interest bearing deposits - Estimated Fair Value	0	0
Interest bearing deposits - Estimated Fair Value	197,850	184,371
Repurchase agreements - Estimated Fair Value	5,985	5,518
Borrowed funds - Estimated Fair Value	28,288	36,143
Accrued interest payable - Estimated Fair Value	35	49
Fair Value, Inputs, Level 3 [Member]
Financial assets, Fair value:
Cash and cash equivalents - Estimated Fair Value	0	0
Securities available-for-sale - Estimated Fair Value	2,798	2,432
Loans held-for-sale - Estimated Fair Value	0	0
Loans receivable, net - Estimated Fair Value	540,459	480,736
Federal Home Loan Bank stock - Estimated Fair Value	0	0
Accrued interest receivable - Estimated Fair Value	0	0
Financial liabilities, Fair value:
Non-interest bearing deposits - Estimated Fair Value	0	0
Interest bearing deposits - Estimated Fair Value	0	0
Repurchase agreements - Estimated Fair Value	0	0
Borrowed funds - Estimated Fair Value	0	0
Accrued interest payable - Estimated Fair Value	$ 0	$ 0

Fair Value (Details Textual)

Fair Value (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value [Line Items]
Minimum Percentage of Defaults Rates on Above 3 Years Issuer Average in Other than Temporary Impairment Model Assumptions	0.25%
Maximum Percentage of Defaults Rates on Above 3 Years Issuer Average in Other than Temporary Impairment Model Assumptions	5.00%
Minimum Percentage of Recovery Assumptions on Other than Temporary Impairment Model Assumptions	0.00%
Maximum Percentage of Recovery Assumptions on Other than Temporary Impairment Model Assumptions	15.00%
Available-for-sale Securities, Amortized Cost Basis	$ 3,800
Unpaid Principal Balance	7,300	$ 7,300
Impaired Financing Receivable, Reserve	367	426
Impaired Financing Receivable, Fair Value	$ 6,900	$ 6,900