Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | Apr. 19, 2019 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | NORTHWEST INDIANA BANCORP | |
Entity Central Index Key | 0000919864 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Trading Symbol | NWIN | |
Entity Common Stock, Shares Outstanding | 3,452,199 | |
Entity Emerging Growth Company | false | |
Entity Small Business | true |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash and non-interest bearing deposits in other financial institutions | $ 29,991 | $ 13,260 |
Interest bearing deposits in other financial institutions | 15,255 | 3,116 |
Federal funds sold | 15,518 | 763 |
Total cash and cash equivalents | 60,764 | 17,139 |
Certificates of deposit in other financial institutions | 2,215 | 2,024 |
Securities available-for-sale | 251,331 | 241,768 |
Loans held-for-sale | 2,966 | 2,863 |
Loans receivable | 864,995 | 764,400 |
Less: allowance for loan losses | (8,236) | (7,962) |
Net loans receivable | 856,759 | 756,438 |
Federal Home Loan Bank stock | 3,971 | 3,460 |
Accrued interest receivable | 4,062 | 3,632 |
Premises and equipment | 27,933 | 24,824 |
Foreclosed real estate | 1,494 | 1,627 |
Cash value of bank owned life insurance | 29,740 | 23,142 |
Goodwill | 10,744 | 8,170 |
Other assets | 16,374 | 11,071 |
Total assets | 1,268,353 | 1,096,158 |
Deposits: | ||
Non-interest bearing | 177,317 | 127,277 |
Interest bearing | 924,336 | 802,509 |
Total | 1,101,653 | 929,786 |
Repurchase agreements | 12,691 | 11,628 |
Borrowed funds | 20,000 | 43,000 |
Accrued expenses and other liabilities | 10,762 | 10,280 |
Total liabilities | 1,145,106 | 994,694 |
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 and outstanding: March 31, 2019 - 3,452,199 December 31, 2018 - 3,029,157 | 0 | 0 |
Additional paid-in capital | 29,490 | 11,927 |
Accumulated other comprehensive income/(loss) | 237 | (2,796) |
Retained earnings | 93,520 | 92,333 |
Total stockholders' equity | 123,247 | 101,464 |
Total liabilities and stockholders' equity | $ 1,268,353 | $ 1,096,158 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - shares | Mar. 31, 2019 | Dec. 31, 2018 |
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 | 3,452,199 | 3,029,157 |
Common stock, shares outstanding | 3,452,199 | 3,029,157 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Loans receivable | ||
Real estate loans | $ 8,748 | $ 5,917 |
Commercial loans | 1,684 | 1,072 |
Consumer loans | 111 | 5 |
Total loan interest | 10,543 | 6,994 |
Securities | 1,801 | 1,722 |
Other interest earning assets | 143 | 17 |
Total interest income | 12,487 | 8,733 |
Interest expense: | ||
Deposits | 1,672 | 675 |
Repurchase agreements | 49 | 32 |
Borrowed funds | 166 | 191 |
Total interest expense | 1,887 | 898 |
Net interest income | 10,600 | 7,835 |
Provision for loan losses | 317 | 341 |
Net interest income after provision for loan losses | 10,283 | 7,494 |
Noninterest income: | ||
Fees and service charges | 1,162 | 892 |
Wealth management operations | 500 | 415 |
Gain on sale of securities, net | 352 | 758 |
Gain on sale of loans held-for-sale, net | 242 | 211 |
Increase in cash value of bank owned life insurance | 163 | 108 |
Gain on sale of foreclosed real estate, net | 27 | 32 |
Other | 124 | 33 |
Total noninterest income | 2,570 | 2,449 |
Noninterest expense: | ||
Compensation and benefits | 4,676 | 3,860 |
Occupancy and equipment | 1,123 | 853 |
Data processing | 703 | 361 |
Marketing | 263 | 134 |
Federal deposit insurance premiums | 91 | 84 |
Other | 3,435 | 1,675 |
Total noninterest expense | 10,291 | 6,967 |
Income before income tax expenses | 2,562 | 2,976 |
Income tax expenses | 340 | 415 |
Net income | $ 2,222 | $ 2,561 |
Earnings per common share: | ||
Basic | $ 0.66 | $ 0.89 |
Diluted | 0.66 | 0.89 |
Dividends declared per common share | $ 0.30 | $ 0.29 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net income | $ 2,222 | $ 2,561 |
Net change in net unrealized gains and losses on securities available-for-sale: | ||
Unrealized gains/(losses) arising during the period | 4,183 | (4,350) |
Less: reclassification adjustment for gains included in net income | (352) | (758) |
Net securities gain/(loss) during the period | 3,831 | (5,108) |
Tax effect | (798) | 1,076 |
Net of tax amount | 3,033 | (4,032) |
Other comprehensive income/(loss), net of tax | 3,033 | (4,032) |
Comprehensive income/(loss), net of tax | $ 5,255 | $ (1,471) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity $ in Thousands | USD ($) |
Balance at beginning of period at Dec. 31, 2017 | $ 92,060 |
Comprehensive income: | |
Net income | 2,561 |
Net unrealized gains/(losses) on securities available-for-sale, net of reclassifications and tax effects | (4,032) |
Comprehensive income/(loss), net of tax | (1,471) |
Stock based compensation expense | 52 |
Issuance of 416,478 shares at $42.00 per share, for acquisition of AJS Bancorp, Inc | 0 |
Cash dividends | (833) |
Balance at end of period at Mar. 31, 2018 | 89,808 |
Balance at beginning of period at Dec. 31, 2018 | 101,464 |
Comprehensive income: | |
Net income | 2,222 |
Net unrealized gains/(losses) on securities available-for-sale, net of reclassifications and tax effects | 3,033 |
Comprehensive income/(loss), net of tax | 5,255 |
Stock based compensation expense | 71 |
Issuance of 416,478 shares at $42.00 per share, for acquisition of AJS Bancorp, Inc | 17,492 |
Cash dividends | (1,035) |
Balance at end of period at Mar. 31, 2019 | $ 123,247 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) | 3 Months Ended |
Mar. 31, 2019$ / sharesshares | |
Stock Issued During Period, Shares, Acquisitions | shares | 416,478 |
Business Acquisition, Share Price | $ / shares | $ 42 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net income | $ 2,222 | $ 2,561 | |
Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||
Origination of loans for sale | (9,760) | (8,250) | |
Sale of loans originated for sale | 9,883 | 8,145 | |
Depreciation and amortization, net of accretion | 731 | 650 | |
Amortization of mortgage servicing rights | 17 | 16 | |
Stock based compensation expense | 71 | 52 | |
Gain on sale of securities, net | (352) | (758) | |
Gain on sale of loans held-for-sale, net | (242) | (211) | |
Gain on sale of foreclosed real estate, net | (27) | (32) | |
Provision for loan losses | 317 | 341 | |
Net change in: | |||
Interest receivable | (430) | 210 | |
Other assets | (50) | 690 | |
Accrued expenses and other liabilities | (964) | (443) | |
Total adjustments | (806) | 410 | |
Net cash - operating activities | 1,416 | 2,971 | |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||
Proceeds from maturities of certificates of deposits in other financial institutions | (191) | 150 | |
Proceeds from maturities and pay downs of securities available-for-sale | 5,704 | 5,313 | |
Proceeds from sales of securities available-for-sale | 13,518 | 14,668 | |
Purchase of securities available-for-sale | (21,424) | (21,604) | |
Net change in loans receivable | (12,985) | (5,430) | |
Purchase of premises and equipment, net | (44) | (235) | |
Proceeds from sale of foreclosed real estate, net | 439 | 552 | |
Cash and cash equivalents from acquisition activity, net | 52,560 | 0 | |
Change in cash value of bank owned life insurance | (163) | (108) | |
Net cash - investing activities | 37,414 | (6,694) | |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Net change in deposits | 27,641 | 2,369 | |
Proceeds from FHLB advances | 0 | 32,000 | |
Repayment of FHLB advances | (23,000) | (19,000) | |
Change in other borrowed funds | 1,063 | (1,425) | |
Dividends paid | (909) | (831) | |
Net cash - financing activities | 4,795 | 13,113 | |
Net change in cash and cash equivalents | 43,625 | 9,390 | |
Cash and cash equivalents at beginning of period | 17,139 | 11,025 | $ 11,025 |
Cash and cash equivalents at end of period | 60,764 | 20,415 | 17,139 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
Cash paid during the period for: Interest | 1,907 | 873 | |
Cash paid during the period for: Income taxes | 0 | 0 | |
Acquisition activity: | |||
Fair value of assets acquired, including cash and cash equivalents | 172,925 | 0 | |
Value of goodwill and other intangible assets | 5,491 | 0 | |
Fair value of liabilities assumed | 145,546 | 0 | |
Cash paid for acquisition | $ 15,378 | $ 0 | $ 8,689 |
Issuance of common stock for acquisition | 17,492 | 0 | |
Noncash activities: | |||
Transfers from loans to foreclosed real estate | $ 193 | $ 253 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2019 | |
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” or “NWIN”), its wholly-owned subsidiaries NWIN Risk Management, Inc. (a captive insurance subsidiary) and 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’s business activities include being a holding company for the Bank as well as a holding company for NWIN Risk Management, Inc. The Bancorp’s earnings are primarily 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 March 31, 2019 and December 31, 2018, and the consolidated statements of income, comprehensive income, and changes in stockholders’ equity for the three months ended March 31, 2019 and 2018 and consolidated statements of cash flows for the three months ended March 31, 2019 and 2018. The income reported for the three month period ended March 31, 2019 is not necessarily indicative of the results to be expected for the full year. |
Use of Estimates
Use of Estimates | 3 Months Ended |
Mar. 31, 2019 | |
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, and the status of contingencies are particularly susceptible to material change in the near term. |
Acquisition Activity
Acquisition Activity | 3 Months Ended |
Mar. 31, 2019 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | Note 3 - Acquisition Activity On July 26, 2018, the Bancorp completed its acquisition of First Personal Financial Corp., a Delaware corporation (“First Personal”), pursuant to an Agreement and Plan of Merger dated February 20, 2018 between the Bancorp and First Personal. Pursuant to the terms of the First Personal Merger Agreement, First Personal merged with and into the Bancorp, with the Bancorp as the surviving corporation. Simultaneous with the First Personal Merger, First Personal Bank, an Illinois state chartered commercial bank and wholly-owned subsidiary of First Personal, merged with and into the Bank, with the Bank as the surviving institution. In connection with the First Personal Merger, each First Personal stockholder holding 100 or more shares of First Personal common stock received fixed consideration of (i) 0.1246 shares of Bancorp common stock, and (ii) $6.67 per share in cash for each outstanding share of First Personal common stock. Stockholders holding less than 100 shares of First Personal common stock received $12.12 in cash and no stock consideration for each outstanding share of First Personal common stock. Any fractional shares of Bancorp common stock that a First Personal stockholder would have otherwise received in the First Personal Merger were cashed out in the amount of such fraction multiplied by $42.95. The Bancorp issued a total of approximately 161,875 shares of Bancorp common stock to the former First Personal stockholders, and paid cash consideration of approximately $8.7 million. Based upon the closing price of Bancorp’s common stock on July 25, 2018, the transaction had an implied valuation of approximately $15.6 million. As of March 31, 2019, acquisition costs related to the First Personal Merger equaled approximately $1.8 million. The acquisition represented the Bank’s first expansion into the South Suburban Chicagoland market, and expanded the Bank’s full-service retail banking network to 19 banking centers. Additionally, upon the closing of the merger the three former First Personal Bank branches in Cook County, Illinois became branches of Peoples Bank, thereby expanding the Peoples Bank branch network into Illinois. Under the acquisition method of accounting, the total purchase price is allocated to net tangible and intangible assets based on their current estimated fair values on the date of the acquisition. Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the final purchase price for the First Personal acquisition is allocated as follows: ASSETS LIABILITIES Cash and due from banks $ 30,178 Deposits Investment securities, available for sale 2 Non-interest bearing $ 14,517 NOW accounts 22,177 Commercial 53,026 Savings and money market 41,852 Residential mortgage 32,542 Certificates of deposits 46,355 Consumer 9,004 Total Deposits 124,901 Total Loans 94,572 Premises and equipment, net 5,799 Borrowings 4,124 FHLB stock 219 Interest payable 32 Goodwill 5,437 Other liabilities 1,256 Core deposit intangible 3,044 Interest receivable 274 Other assets 6,405 Total assets purchased $ 145,930 Common shares issued 6,928 Cash paid 8,689 Total purchase price $ 15,617 Total liabilities assumed $ 130,313 As part of the First Personal merger, the Bancorp acquired First Personal Statutory Trust I. NWIN guaranteed the payment of distributions on the trust preferred securities issued by First Personal Statutory Trust I. First Personal Statutory Trust I issued $4.124 million in trust preferred securities in May 2004. The trust preferred securities carried a variable rate of interest priced at the three-month LIBOR plus 275 basis points, payable quarterly and due to mature on June 17, 2034. Management of the Bancorp determined that the continued maintenance of the trust preferred securities issued by First Personal Statutory Trust I and the corresponding junior subordinated debentures was unnecessary to the Bancorp’s ongoing operations. As a result, the Bancorp’s board of directors approved the redemption of the junior subordinated debentures, which resulted in the trustee of the First Personal Statutory Trust I redeeming all $4.124 million of the trust preferred securities as of December 17, 2018. Final estimates of fair value on the date of acquisition have not been finalized yet. Prior to the end of the one year measurement period for finalizing the purchase price allocation, if information becomes available which would indicate adjustments are required to the purchase price allocation, such adjustments will be included in the purchase price allocation prospectively. If any adjustments are made to the preliminary assumptions (provisional amounts), disclosures will be made in the notes to the financial statements of the amounts recorded in the current period earnings by line item that have been recorded in previous reporting periods if the adjustments to the provisional amounts had been recognized as of the acquisition date. On January 24, 2019, the Bancorp completed its previously announced acquisition of AJS Bancorp, Inc., a Maryland corporation (“AJSB”), pursuant to an Agreement and Plan of Merger dated July 30, 2018 between the Bancorp and AJSB. Pursuant to the terms of the AJSB Merger Agreement, AJSB merged with and into NWIN, with NWIN as the surviving corporation. Simultaneously with the AJSB Merger, A.J. Smith Federal Savings Bank, a federally chartered savings bank and wholly-owned subsidiary of AJSB, merged with and into Peoples Bank SB, with Peoples Bank as the surviving bank. In connection with the AJSB Merger, each AJSB stockholder holding 100 or more shares of AJSB common stock received fixed consideration of (i) 0.2030 shares of NWIN common stock, and (ii) $7.20 per share in cash for each outstanding share of AJSB’s common stock. Stockholders holding less than 100 shares of AJSB common stock received $16.00 in cash and no stock consideration for each outstanding share of AJSB common stock. Any fractional shares of NWIN common stock that an AJSB stockholder would have otherwise received in the AJSB Merger were cashed out in the amount of such fraction multiplied by $43.01. The Bancorp issued 416,478 shares of Bancorp common stock to the former AJSB stockholders, and paid cash consideration of approximately $15.4 million. Based upon the closing price of NWIN’s common stock on January 23, 2019, the transaction had an implied valuation of approximately $32.9 million, which includes unallocated shares held by the AJSB Employee Stock Ownership Plan (“ESOP”), some of which were cancelled in connection with the closing to satisfy the ESOP’s outstanding loan balance. As of March 31, 2019, acquisition costs related to the AJSB Merger equaled approximately $2.1 million. The acquisition further expanded the Bank’s banking center network in Cook County, Illinois, expanding the Bank’s full-service retail banking network to 22 banking centers. Under the acquisition method of accounting, the total purchase price is allocated to net tangible and intangible assets based on their current estimated fair values on the date of the acquisition. Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the final purchase price for the AJSB acquisition is allocated as follows: ASSETS LIABILITIES Cash and due from banks $ 67,938 Deposits Investment securities, available for sale 3,432 Non-interest bearing $ 24,502 NOW accounts 10,712 Commercial 712 Savings and money market 68,875 Residential mortgage 85,635 Certificates of deposits 40,137 Multifamily 1,442 Total Deposits 144,226 Consumer 57 Total Loans 87,846 Interest payable 50 Premises and equipment, net 3,542 Other liabilities 1,270 FHLB stock 512 Goodwill 2,574 Core deposit intangible 2,917 Interest receivable 351 Other assets 9,304 Total assets purchased $ 178,416 Common shares issued 17,492 Cash paid 15,378 Total purchase price $ 32,870 Total liabilities assumed $ 145,546 Final estimates of fair value on the date of acquisition have not been finalized yet. Prior to the end of the one year measurement period for finalizing the purchase price allocation, if information becomes available which would indicate adjustments are required to the purchase price allocation, such adjustments will be included in the purchase price allocation prospectively. If any adjustments are made to the preliminary assumptions (provisional amounts), disclosures will be made in the notes to the financial statements of the amounts recorded in the current period earnings by line item that have been recorded in previous reporting periods if the adjustments to the provisional amounts had been recognized as of the acquisition date. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31, 2019 Basis Gains Losses Value Money market fund $ 4,254 $ - $ - $ 4,254 U.S. treasury securities 594 - - 594 U.S. government sponsored entities 14,989 40 (76 ) 14,953 Collateralized mortgage obligations and residential mortgage-backed securities 143,327 443 (1,164 ) 142,606 Municipal securities 84,407 2,478 (40 ) 86,845 Collateralized debt obligations 3,469 - (1,390 ) 2,079 Total securities available-for-sale $ 251,040 $ 2,961 $ (2,670 ) $ 251,331 (Dollars in thousands) Gross Gross Estimated Cost Unrealized Unrealized Fair December 31, 2018 Basis Gains Losses Value Money market fund $ 2,480 $ - $ - $ 2,480 U.S. treasury securities U.S. government sponsored entities 7,997 28 (131 ) 7,894 Collateralized mortgage obligations and residential mortgage-backed securities 137,834 135 (2,688 ) 135,281 Municipal securities 93,516 1,072 (524 ) 94,064 Collateralized debt obligations 3,481 - (1,432 ) 2,049 Total securities available-for-sale $ 245,308 $ 1,235 $ (4,775 ) $ 241,768 The estimated fair value of available-for-sale debt securities at March 31, 2019, 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 March 31, 2019 Value Yield (%) Due in one year or less $ 4,913 6.30 Due from one to five years 7,233 3.21 Due from five to ten years 16,593 3.86 Due over ten years 79,986 4.10 Collateralized mortgage obligations and residential mortgage-backed securities 142,606 2.80 Total $ 251,331 3.37 Sales of available-for-sale securities were as follows for the three months ended: (Dollars in thousands) March 31, March 31, 2019 2018 Proceeds $ 13,518 $ 14,668 Gross gains 356 758 Gross losses (4 ) - 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, 2018 $ (2,796 ) Current period change 3,033 Ending balance, March 31, 2019 $ 237 Securities with carrying values of approximately $83.3 million and $16.3 million were pledged as of March 31, 2019 and December 31, 2018, respectively, as collateral for repurchase agreements, public funds, and for other purposes as permitted or required by law. The increase in pledged securities for March 31, 2019, was the result of new pledging requirements for Indiana public funds deposits. Securities with gross unrealized losses at March 31, 2019 and December 31, 2018 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 March 31, 2019 Value Losses Value Losses Value Losses U.S. government sponsored entities $ - $ - $ 6,920 $ (76 ) $ 6,920 $ (76 ) Collateralized mortgage obligations and residential mortgage-backed securities - - 97,654 (1,164 ) 97,654 (1,164 ) Municipal securities - - 3,102 (40 ) 3,102 (40 ) Collateralized debt obligations - - 2,079 (1,390 ) 2,079 (1,390 ) Total temporarily impaired $ - $ - $ 109,755 $ (2,670 ) $ 109,755 $ (2,670 ) Number of securities 0 84 84 (Dollars in thousands) Less than 12 months 12 months or longer Total Estimated Estimated Estimated Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2018 Value Losses Value Losses Value Losses U.S. government sponsored entities $ - $ - $ 3,866 $ (131 ) $ 3,866 $ (131 ) Collateralized mortgage obligations and residential mortgage-backed securities 28,388 (304 ) 89,234 (2,384 ) 117,622 (2,688 ) Municipal securities 22,678 (367 ) 3,495 (157 ) 26,173 (524 ) Collateralized debt obligations - - 2,049 (1,432 ) 2,049 (1,432 ) Total temporarily impaired $ 51,066 $ (671 ) $ 98,644 $ (4,104 ) $ 149,710 $ (4,775 ) Number of securities 52 75 127 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 | 3 Months Ended |
Mar. 31, 2019 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5 - Loans Receivable Loans receivable are summarized below: (Dollars in thousands) March 31, 2019 December 31, 2018 Loans secured by real estate: Residential real estate $ 303,111 $ 224,082 Home equity 49,658 45,423 Commercial real estate 265,013 253,104 Construction and land development 66,920 64,433 Multifamily 49,316 47,234 Farmland 236 240 Total loans secured by real estate 734,254 634,516 Commercial business 103,734 103,628 Consumer 6,713 5,293 Government 19,591 21,101 Subtotal 864,292 764,538 Less: Net deferred loan origination fees 844 530 Undisbursed loan funds (141 ) (668 ) Loans receivable $ 864,995 $ 764,400 (Dollars in thousands) Beginning Balance Charge-offs Recoveries Provisions Ending Balance The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended March 31, 2019: Allowance for loan losses: Residential real estate $ 1,715 $ (48 ) $ 14 $ (1 ) $ 1,680 Home equity 202 - - (8 ) 194 Commercial real estate 3,335 - - 150 3,485 Construction and land development 756 - - 21 777 Multifamily 472 - - (38 ) 434 Farmland - - - - - Commercial business 1,362 - 6 23 1,391 Consumer 82 (18 ) 3 187 254 Government 38 - - (17 ) 21 Total $ 7,962 $ (66 ) $ 23 $ 317 $ 8,236 The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended March 31, 2018: Allowance for loan losses: Residential real estate $ 1,568 $ (68 ) $ - $ (7 ) $ 1,493 Home equity 166 (19 ) - 12 159 Commercial real estate 3,125 (119 ) - (10 ) 2,996 Construction and land development 618 - - 43 661 Multifamily 622 - - (7 ) 615 Farmland - - - 4 4 Commercial business 1,298 (526 ) 10 295 1,077 Consumer 31 (8 ) 4 8 35 Government 54 - - 3 57 Total $ 7,482 $ (740 ) $ 14 $ 341 $ 7,097 The Bancorp's impairment analysis is summarized below: Ending Balances (Dollars in thousands) ALLL Individually evaluated for impairment reserves ALLL Collectively evaluated for impairment reserves Total Loans receivable Loans receivable Individually evaluated for impairment Loans receivable Purchased credit impaired individually evaluated for impairment Loans receivable Collectively evaluated for impairment The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at March 31, 2019: Residential real estate $ 23 1,657 302,918 $ 559 $ 1,366 $ 300,993 Home equity 8 186 49,716 136 370 49,210 Commercial real estate 202 3,283 265,013 1,673 483 262,857 Construction and land development - 777 66,920 - - 66,920 Multifamily - 434 49,316 - 716 48,600 Farmland - - 236 - - 236 Commercial business 32 1,359 103,507 416 1,152 101,939 Consumer - 254 7,778 - - 7,778 Government - 21 19,591 - - 19,591 Total $ 265 $ 7,971 $ 864,995 $ 2,784 $ 4,087 $ 858,124 The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2018: Residential real estate $ 22 1,693 223,323 $ 570 $ 980 $ 221,773 Home equity 9 193 45,483 141 123 45,219 Commercial real estate 210 3,125 253,104 1,703 402 250,999 Construction and land development - 756 64,433 - - 64,433 Multifamily - 472 47,234 - - 47,234 Farmland - - 240 - - 240 Commercial business 5 1,357 103,439 423 1,440 101,576 Consumer - 82 6,043 - - 6,043 Government - 38 21,101 - - 21,101 Total $ 246 $ 7,716 $ 764,400 $ 2,837 $ 2,945 $ 758,618 The Bancorp's credit quality indicators are summarized below at March 31, 2019 and December 31, 2018: Credit Exposure - Credit Risk Portfolio By Creditworthiness Category March 31, 2019 (Dollars in thousands) 2 3 4 5 6 7 8 Loan Segment Moderate Above average acceptable Acceptable Marginally acceptable Pass/monitor Special mention Substandard Total Residential real estate $ 862 $ 116,851 $ 103,661 $ 13,038 $ 58,546 4,466 5,494 $ 302,918 Home equity 62 7,486 39,164 345 1,235 866 558 49,716 Commercial real estate - 5,186 75,157 123,162 55,123 4,556 1,829 265,013 Construction and land development - 316 22,989 32,640 10,975 - - 66,920 Multifamily - 948 19,537 25,117 2,853 178 683 49,316 Farmland - - - - 236 - - 236 Commercial business 9,617 18,669 20,326 34,730 16,896 2,839 430 103,507 Consumer 1,153 2,810 2,716 194 905 - - 7,778 Government - 2,001 13,680 3,910 - - - 19,591 Total $ 11,694 $ 154,267 $ 297,230 $ 233,136 $ 146,769 $ 12,905 $ 8,994 $ 864,995 December 31, 2018 (Dollars in thousands) 2 3 4 5 6 7 8 Loan Segment Moderate Above average acceptable Acceptable Marginally acceptable Pass/monitor Special mention Substandard Total Residential real estate $ 261 $ 58,276 $ 100,374 $ 10,404 $ 44,734 $ 3,908 $ 5,366 $ 223,323 Home equity 192 3,736 40,165 37 323 657 373 45,483 Commercial real estate - 5,042 78,611 110,984 51,982 4,715 1,770 253,104 Construction and land development... - 322 24,271 29,383 10,457 - - 64,433 Multifamily... - 569 19,255 23,417 3,844 149 - 47,234 Farmland. - - - - 240 - - 240 Commercial business... 10,655 19,127 20,941 34,996 14,034 2,958 728 103,439 Consumer 925 2,953 1,040 196 909 20 - 6,043 Government - 2,111 14,795 4,195 - - - 21,101 Total $ 12,033 $ 92,136 $ 299,452 $ 213,612 $ 126,523 $ 12,407 $ 8,237 $ 764,400 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: 1 – Minimal Risk Borrower demonstrates exceptional credit fundamentals, including stable and predictable profit margins, strong liquidity and a conservative balance sheet with superior asset quality. Excellent cash flow coverage of existing and projected debt service. Historic and projected performance indicates borrower is able to meet obligations under almost any economic circumstances. 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 – Above average acceptable risk Borrower generates sufficient cash flow to fund debt service and some working assets and/or capital expansion needs. Profitability and key balance sheet ratios are at or slightly above peers. Current trends are positive or stable. Earnings may be level or trending down slightly or be erratic; however, positive strengths are offsetting. Risk of default is reasonable but may warrant collateral protection. 4 – 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 peer. 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. 5 – Marginally acceptable risk Borrower may exhibit excessive growth, declining earnings, strained cash flow, increasing leverage and/or weakening market position that indicate above average risk. Limited additional debt capacity, modest coverage, and average or below average asset quality, margins and market share. Interim losses and/or adverse trends may occur, but not to the level that would affect the Bank’s position. The potential for default is higher than normal but considered marginally acceptable based on prospects for improving financial performance and the strength of the collateral. 6 – 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. 7 – 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. 8 – 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. Performing loans are loans that are paying as agreed and are approximately less than ninety days past due on payments of interest and principal. During the first three months of 2019, one commercial business loan totaling $ 47 The Bancorp's individually evaluated impaired loans are summarized below: For the three months ended As of March 31, 2019 March 31, 2019 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 1,766 $ 3,900 $ - $ 1,578 $ 14 Home equity 450 482 - 328 2 Commercial real estate 1,675 2,276 - 1,650 19 Construction and land development - - - - - Multifamily 716 798 - - - Farmland - - - - - Commercial business 1,536 1,685 - 1,668 21 Consumer - - - - - Government - - - - - With an allowance recorded: Residential real estate 159 159 23 160 2 Home equity 56 56 8 57 1 Commercial real estate 481 481 202 481 - Construction and land development - - - - - Multifamily - - - - - Farmland - - - - - Commercial business 32 32 32 48 - Consumer - - - - - Government - - - - - Total: Residential real estate $ 1,925 $ 4,059 $ 23 $ 1,738 $ 16 Home equity $ 506 $ 538 $ 8 $ 385 $ 3 Commercial real estate $ 2,156 $ 2,757 $ 202 $ 2,131 $ 19 Construction & land development $ - $ - $ - $ - $ - Multifamily $ 716 $ 798 $ - $ - $ - Farmland $ - $ - $ - $ - $ - Commercial business $ 1,568 $ 1,717 $ 32 $ 1,716 $ 21 Consumer $ - $ - $ - $ - $ - Government $ - $ - $ - $ - $ - For the three months ended As of December 31, 2018 March 31, 2018 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 1,389 $ 3,628 $ - $ 1,103 $ 6 Home equity 207 214 - 35 - Commercial real estate 1,624 2,222 - 252 - Construction & land development - - - 134 - Multifamily - - - - - Farmland - - - - - Commercial business 1,799 2,038 - 184 1 Consumer - - - - - Government - - - - - With an allowance recorded: Residential real estate 161 161 22 106 5 Home equity 57 57 9 - - Commercial real estate 481 481 210 186 4 Construction & land development - - - - - Multifamily - - - - - Farmland - - - - - Commercial business 64 64 5 275 - Consumer - - - - - Government - - - - - Total: Residential real estate $ 1,550 $ 3,789 $ 22 $ 1,209 $ 11 Home equity $ 264 $ 271 $ 9 $ 35 $ - Commercial real estate $ 2,105 $ 2,703 $ 210 $ 438 $ 4 Construction & land development $ - $ - $ - $ 134 $ - Multifamily $ - $ - $ - $ - $ - Farmland $ - $ - $ - $ - $ - Commercial business $ 1,863 $ 2,102 $ 5 $ 459 $ 1 Consumer $ - $ - $ - $ - $ - Government $ - $ - $ - $ - $ - As a result of acquisition activity, 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 March 31, 2019, total purchased credit impaired loans with unpaid principal balances totaled $7.1 million with a recorded investment of $4.1 million. At December 31, 2018, purchased credit impaired loans with unpaid principal balances totaled $6.0 million with a recorded investment of $2.9 million. The Bancorp's age analysis of past due loans is summarized below: (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Loans Recorded Investments Greater than 90 Days Past Due a nd Accruing March 31, 2019 Residential real estate $ 2,384 $ 1,490 $ 4,132 $ 8,006 $ 294,912 $ 302,918 $ 379 Home equity 141 98 427 666 49,050 49,716 - Commercial real estate 6,057 93 912 7,062 257,951 265,013 303 Construction and land development 125 - - 125 66,795 66,920 - Multifamily 33 270 145 448 48,868 49,316 145 Farmland - - - - 236 236 - Commercial business 956 538 353 1,847 101,660 103,507 322 Consumer 96 18 - 114 7,664 7,778 - Government - - - - 19,591 19,591 - Total $ 9,792 $ 2,507 $ 5,969 $ 18,268 $ 846,727 $ 864,995 $ 1,149 December 31, 2018 Residential real estate $ 3,659 $ 909 $ 4,362 $ 8,930 $ 214,393 $ 223,323 $ 122 Home equity 143 5 304 452 45,031 45,483 50 Commercial real estate 842 18 611 1,471 251,633 253,104 - Construction and land development 491 533 - 1,024 63,409 64,433 - Multifamily - 149 - 149 47,085 47,234 - Farmland - - - - 240 240 - Commercial business 733 260 436 1,429 102,010 103,439 149 Consumer 1 72 - 73 5,970 6,043 - Government - - - - 21,101 21,101 - Total $ 5,869 $ 1,946 $ 5,713 $ 13,528 $ 750,872 $ 764,400 $ 321 The Bancorp's loans on nonaccrual status are summarized below: (Dollars in thousands) March 31, 2019 December 31, 2018 Residential real estate $ 5,546 $ 5,135 Home equity 537 270 Commercial real estate 691 695 Construction and land development - - Multifamily 270 - Farmland - - Commercial business 168 495 Consumer - - Government - - Total $ 7,212 $ 6,595 For the acquisitions of First Federal Savings & Loan (“First Federal”), Liberty Savings Bank (“Liberty Savings”), First Personal Bank (“First Personal”), and A.J. Smith Federal Savings Bank (“AJ Smith”), as part of the fair value of loans receivable, a net fair value discount was established for loans as summarized below: (dollars in thousands) First Federal Liberty Savings First Personal AJ Smith Net fair value discount Accretable period in months Net fair value discount Accretable period in months Net fair value discount Accretable period in months Net fair value discount Accretable period in months Residential real estate $ 1,062 59 $ 1,203 44 $ 948 56 $ 3,734 52 Home equity 44 29 5 29 51 50 141 32 Commercial real estate - - - - 208 56 8 9 Construction and land development - - - - 1 30 - - Multifamily - - - - 11 48 2 48 Consumer - - - - 146 50 1 5 Commercial business - - - - 348 24 - - Purchased credit impaired loans - - - - 424 32 - - Total $ 1,106 $ 1,208 $ 2,137 $ 3,886 Accretable yield, or income recorded for the three months ended March 31, is as follows: (dollars in thousands) First Federal Liberty Savings First Personal AJ Smith Total 2018 $ 36 $ 68 $ - $ - $ 104 2019 22 42 203 155 $ 422 Total $ 58 $ 110 $ 203 $ 155 $ 526 Accretable yield, or income expected to be recorded in the future is as follows: (dollars in thousands) First Federal Liberty Savings First Personal AJ Smith Total 2019 $ - $ - $ 389 $ 695 $ 1,084 2020 - - 491 895 1,386 2021 - - 290 888 1,178 2022 - - 278 888 1,166 2023 - - 61 365 426 Total $ - $ - $ 1,509 $ 3,731 $ 5,240 |
Foreclosed Real Estate
Foreclosed Real Estate | 3 Months Ended |
Mar. 31, 2019 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | |
Real Estate Disclosure [Text Block] | Note 6 - Foreclosed Real Estate Foreclosed real estate at period-end is summarized below: ( Dollars in thousands ) March 31, 2019 December 31, 2018 Residential real estate $ 1,148 $ 1,132 Commercial real estate 126 126 Construction and land development - 149 Commercial business 220 220 Total $ 1,494 $ 1,627 |
Intangibles and Acquisition Rel
Intangibles and Acquisition Related Accounting | 3 Months Ended |
Mar. 31, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 7 – Intangibles and Acquisition Related Accounting The Bancorp established a goodwill balance totaling $10.7 million with the acquisitions of AJSB, First Personal, First Federal and Liberty Savings. Goodwill of $2.6 million, $5.4 million, $2.0 million, and $804 thousand were established with the acquisition of AJSB, First Personal, First Federal, and Liberty Savings, respectively. 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 identified or recorded. Goodwill totaled $10.7 million and $8.2 million as of March 31, 2019 and December 31, 2018, respectively. In addition to goodwill, a core deposit intangible of $93 thousand for the acquisition of First Federal was established and is being amortized over an initial period of 7.9 years on a straight line basis. A core deposit intangible of $471 thousand for the acquisition of Liberty Savings was established and is being amortized over an initial period of 8.2 years on a straight line basis. A core deposit intangible of $3.0 million for the acquisition of First Personal was established and is being amortized over an initial period of 6.4 years on a straight line basis. A core deposit intangible of $2.9 million for the acquisition of AJSB was established and is being amortized over an initial period of 6.5 years on a straight line basis. The table below summarizes the annual amortization: (dollars in thousands) First Federal Liberty Savings First Personal AJ Smith Total Current period $ 3 $ 14 $ 119 $ 75 $ 211 Remainder 2019 9 44 356 336 745 2020 12 58 475 449 994 2021 12 58 475 449 994 2022 1 58 475 449 983 2023 - 38 475 449 962 2024 - - 470 449 919 2025 - - - 261 261 Total $ 37 $ 270 $ 2,845 $ 2,917 $ 6,069 For the First Personal acquisition, as part of the fair value of certificates of deposit, a fair value premium was established of $133 thousand that is being amortized over 8 months on a straight line basis. Approximately $48 thousand of amortization was taken as income during the three months ended March 31, 2019. It is estimated that an additional $5 thousand of amortization will occur during 2019. For the AJSB acquisition, as part of the fair value of certificates of deposit, a fair value premium was established of $174 thousand that is being amortized over 14 months on a straight line basis. Approximately $25 thousand of amortization was taken as income during the three months ended March 31, 2019. It is estimated that an additional $114 thousand of amortization will occur during 2019 and an additional $34 thousand of amortization will occur during 2020. |
Concentrations of Credit Risk
Concentrations of Credit Risk | 3 Months Ended |
Mar. 31, 2019 | |
Risks and Uncertainties [Abstract] | |
Concentration Risk Disclosure [Text Block] | Note 8 - Concentrations of Credit Risk The primary lending area of the Bancorp encompasses Lake County in northwest Indiana and Cook County in northeast Illinois, where collectively 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 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 | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Earnings per Common 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. A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three months ended March 31, 2019 and 2018 are as follows: Three Months Ended March 31, (Dollars in thousands, except per share data) 2019 2018 Basic earnings per common share: Net income available to common stockholders $ 2,222 $ 2,561 Weighted average common shares outstanding 3,343,183 2,867,413 Basic earnings per common share $ 0.66 $ 0.89 Diluted earnings per common share: Net income available to common stockholders $ 2,222 $ 2,561 Weighted average common shares outstanding 3,343,183 2,867,413 Weighted average common and dilutive potential common shares outstanding 3,343,183 2,867,413 Diluted earnings per common share $ 0.66 $ 0.89 |
Stock Based Compensation
Stock Based Compensation | 3 Months Ended |
Mar. 31, 2019 | |
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 shares of common stock. Awards granted under the Plan may be in the form of incentive stock options, non-qualified stock options, restricted stock, unrestricted stock, performance shares, or performance units. 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 three months ended March 31, 2019, stock based compensation expense of $71 thousand was recorded, compared to $52 thousand for the three months ended March 31, 2018. It is anticipated that current outstanding unvested awards will result in additional compensation expense of approximately $639 thousand through 2022 with an additional $213 thousand in 2019, $251 thousand in 2020, $155 thousand in 2021, and $20 thousand in 2022. There were no incentive stock options granted during the first three months of 2019 or 2018. 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. At March 31, 2019, there were no outstanding incentive stock options. There were 7,407 shares of restricted stock granted during the first three months of 2019 compared to 4,433 shares granted during the first three months of 2018. Restricted stock awards are issued with an award price equal to the market price of the Bancorp’s common stock on the award date and vest between three and five years after the grant date. Forfeiture provisions exist for personnel that separate employment before the vesting period expires. A summary of restricted stock activity under the Bancorp’s Plan described above for the year ended December 31, 2018 and three months ended March 31, 2019 follows: Non-vested Shares Shares Weighted Average Grant Date Fair Value Non-vested at January 1, 2018 30,690 $ 28.51 Granted 4,433 43.50 Vested (7,700 ) 22.64 Forfeited - - Non-vested at December 31, 2018 27,423 $ 32.58 Non-vested at January 1, 2019 27,423 $ 32.58 Granted 7,407 43.00 Vested (3,302 ) 27.26 Forfeited - - Non-vested at March 31, 2019 31,528 $ 35.58 |
Change in Accounting Principles
Change in Accounting Principles | 3 Months Ended |
Mar. 31, 2019 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | Note 11 – Change in Accounting Principles In May 2014, Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09 and ASU 2015-14, Revenue from Contracts with Customers (Topic 606) , superseding the current revenue recognition requirements in Topic 605, Revenue Recognition. The ASU is based on the principle that revenue is recognized to depict the transfer of 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. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The new guidance was effective for the Bancorp's year ending December 31, 2018 and has been adopted as of January 1, 2018. The use of the modified retrospective approach has been used for implementing this standard. Interest income is outside of the scope of the new standard and was not impacted by the adoption of the standard. Management mapped noninterest income accounts to their associated income streams and applied the five step model to identify the contract, identify the performance obligations in the contract, determine the total transaction price, allocate the transaction price to each performance obligation, and ensure revenue is recognized when the performance obligation is satisfied. A review of the Bancorp’s noninterest income has not resulted in a change in revenue recognition since adoption. In January 2016, FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities . The ASU covers various changes to the accounting, measurement, and disclosures related to certain financial instruments, including requiring equity investments to be accounted for at fair value with changes recorded through earnings, the use of the exit price when measuring fair value, and disaggregation of financial assets and liabilities by category for disclosure purposes. The new guidance was effective for the Bancorp's year ending December 31, 2018 and was adopted on January 1, 2018. The adoption of this ASU has not had a material impact on the consolidated financial statements, as the Bancorp does not hold any equity securities with unrealized gains or losses. The new reporting requirements have been incorporated into the fair value of financial instruments table and disclosures. In February 2016, FASB issued ASU No. 2016-02, Lease s, which superseded the lease requirements in ASC 840. The ASU requires lessees to recognize a right-of-use asset and related lease liability for all leases, with a limited exception for short-term leases. Leases are classified as either finance or operating, with the classification affecting the pattern of expense recognition in the statement of operations. Prior to this ASU, leases were classified as either capital or operating, with only capital leases recognized on the balance sheet. The reporting of lease-related expenses in the statements of operations and cash flows under the new guidance is generally consistent with the prior guidance. The new guidance is effective for the Bancorp's year ending December 31, 2019 and was adopted on January 1, 2019. The adoption of this ASU has not had a material impact on the consolidated financial statements, as the Bancorp does not engage in the leasing of property or in leasing of any significant furniture, fixtures, equipment, or software. |
Upcoming Accounting Standards
Upcoming Accounting Standards | 3 Months Ended |
Mar. 31, 2019 | |
Upcoming Accounting Standards [Abstract] | |
Upcoming Accounting Standards [Text Block] | Note 12 - Upcoming Accounting Standards In June 2016, FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment In March 2017, the FASB issued ASU 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310 - 20) : Premium Amortization on Purchased Callable Debt Securities December 31, 2020 . Management will recognize amortization expense as dictated by the amount of premiums and the differences between maturity and call dates at the time of adoption. |
Fair Value
Fair Value | 3 Months Ended |
Mar. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Note 13 - 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 GAAP. 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 pooled trust preferred securities. The analysis is performed annually during December 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 GAAP. 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 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. Based on current market conditions and a review of the trustee reports, management performed an analysis of the pooled trust preferred securities and no additional impairment was taken at December 31, 2018. A specialist will be used to review all pooled trust preferred securities again at December 31, 2019. 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: Collateralized debt obligations (Dollars in thousands) other-than-temporary impairment Ending balance, December 31, 2018 $ 235 Additions not previously recognized - Ending balance, March 31, 2019 $ 235 At March 31, 2019, trust preferred securities with a cost basis of $3.5 million continue to be in “payment in kind” status. These trust preferred securities classified as “payment in kind” are a result of not receiving the scheduled quarterly interest payments. For these trust preferred 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 GAAP, 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 on a consistent basis. Assets and Liabilities Measured at Fair Value on a Recurring Basis There were no transfers to or from Levels 1 and 2 during the three months ended March 31, 2019. Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurements at March 31, 2019 Using (Dollars in thousands) Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available-for-sale debt securities: Money market fund $ 4,254 $ 4,254 $ - $ - U.S. treasury securities 594 - 594 - U.S. government sponsored entities 14,953 - 14,953 - Collateralized mortgage obligations and residential mortgage-backed securities 142,606 - 142,606 - Municipal securities 86,845 - 86,845 - Collateralized debt obligations 2,079 - - 2,079 Total securities available-for-sale $ 251,331 $ 4,254 $ 244,998 $ 2,079 Fair Value Measurements at December 31, 2018 Using (Dollars in thousands) Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available-for-sale debt securities: Money market fund $ 2,480 $ 2,480 $ - $ - U.S. treasury securities - - - - U.S. government sponsored entities 7,894 - 7,894 - Collateralized mortgage obligations and residential mortgage-backed securities 135,281 - 135,281 - Municipal securities 94,064 - 94,064 - Collateralized debt obligations 2,049 - - 2,049 Total securities available-for-sale $ 241,768 $ 2,480 $ 237,239 $ 2,049 A roll forward of available-for-sale securities, which require significant adjustment based on unobservable data, are presented in the following table: (Dollars in thousands) Estimated Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Available-for- sale securities Beginning balance, January 1, 2018 $ 3,439 Principal payments (51 ) Total unrealized gains, included in other comprehensive income (36 ) Transfers in and/or (out) of Level 3 (1,303 ) Ending balance, December 31, 2018 $ 2,049 Beginning balance, January 1, 2019 $ 2,049 Principal payments (12 ) Total unrealized gains, included in other comprehensive income 42 Sale out of Level 3 - Ending balance, March 31, 2019 $ 2,079 Assets measured at fair value on a non-recurring basis are summarized below: (Dollars in thousands) Fair Value Measurements at March 31, 2019 Using (Dollars in thousands) Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 6,606 $ - $ - $ 6,606 Foreclosed real estate 1,494 - - 1,494 (Dollars in thousands) Fair Value Measurements at December 31, 2018 Using (Dollars in thousands) Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 5,536 $ - $ - $ 5,536 Foreclosed real estate 1,627 - - 1,627 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 in impaired loans was approximately $6.9 million and the related specific reserves totaled approximately $265 thousand, resulting in a fair value of impaired loans totaling approximately $6.6 million, at March 31, 2019. The recorded investment of impaired loans was approximately $5.8 million and the related specific reserves totaled approximately $246 thousand, resulting in a fair value of impaired loans totaling approximately $5.5 million, at December 31, 2018. 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. March 31, 2019 Estimated Fair Value Measurements at March 31, 2019 Using (Dollars in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 60,764 $ 60,764 $ 60,764 $ - $ - Certificates of deposit in other financial institutions 2,215 2,181 - 2,181 - Securities available-for-sale 251,331 251,331 4,254 244,998 2,079 Loans held-for-sale 2,966 3,023 3,023 - - Loans receivable, net 856,759 853,675 - - 853,675 Federal Home Loan Bank stock 3,971 3,971 - 3,971 - Accrued interest receivable 4,062 4,062 - 4,062 - Financial liabilities: Non-interest bearing deposits 177,317 177,317 177,317 - - Interest bearing deposits 924,336 922,383 617,684 304,699 - Repurchase agreements 12,691 12,689 10,927 1,762 - Borrowed funds 20,000 19,989 - 19,989 - Accrued interest payable 166 166 - 166 - December 31, 2018 Estimated Fair Value Measurements at December 31, 2018 Using (Dollars in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 17,139 $ 17,139 $ 17,139 $ - $ - Certificates of deposit in other financial institutions 2,024 2,001 - 2,001 - Securities available-for-sale 241,768 241,768 2,480 237,239 2,049 Loans held-for-sale 2,863 2,910 2,910 - - Loans receivable, net 756,438 747,553 - - 747,553 Federal Home Loan Bank stock 3,460 3,460 - 3,460 - Accrued interest receivable 3,632 3,632 - 3,632 - Financial liabilities: Non-interest bearing deposits 127,277 127,277 127,277 - - Interest bearing deposits 802,509 800,349 543,617 256,732 - Repurchase agreements 11,628 11,626 9,867 1,759 - Borrowed funds 43,000 42,888 - 42,888 - Accrued interest payable 186 186 - 186 - The following methods were used to estimate the fair value of financial instruments presented in the preceding table for the periods ended March 31, 2019 and December 31, 2018: Cash and cash equivalent carrying amounts approximate fair value. Certificates of deposits in other financial institutions carrying amounts approximate fair value (Level 2). 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 the exit price notion which is the exchange price that would be received to transfer the loans at the most advantageous market price in an orderly transaction between market participants on the measurement date (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 values of accrued interest receivable and payable approximate 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 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. |
Acquisition Activity (Tables)
Acquisition Activity (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Business Combinations [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Based on preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions that are subject to change, the final purchase price for the First Personal acquisition is allocated as follows: ASSETS LIABILITIES Cash and due from banks $ 30,178 Deposits Investment securities, available for sale 2 Non-interest bearing $ 14,517 NOW accounts 22,177 Commercial 53,026 Savings and money market 41,852 Residential mortgage 32,542 Certificates of deposits 46,355 Consumer 9,004 Total Deposits 124,901 Total Loans 94,572 Premises and equipment, net 5,799 Borrowings 4,124 FHLB stock 219 Interest payable 32 Goodwill 5,437 Other liabilities 1,256 Core deposit intangible 3,044 Interest receivable 274 Other assets 6,405 Total assets purchased $ 145,930 Common shares issued 6,928 Cash paid 8,689 Total purchase price $ 15,617 Total liabilities assumed $ 130,313 ASSETS LIABILITIES Cash and due from banks $ 67,938 Deposits Investment securities, available for sale 3,432 Non-interest bearing $ 24,502 NOW accounts 10,712 Commercial 712 Savings and money market 68,875 Residential mortgage 85,635 Certificates of deposits 40,137 Multifamily 1,442 Total Deposits 144,226 Consumer 57 Total Loans 87,846 Interest payable 50 Premises and equipment, net 3,542 Other liabilities 1,270 FHLB stock 512 Goodwill 2,574 Core deposit intangible 2,917 Interest receivable 351 Other assets 9,304 Total assets purchased $ 178,416 Common shares issued 17,492 Cash paid 15,378 Total purchase price $ 32,870 Total liabilities assumed $ 145,546 |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31, 2019 Basis Gains Losses Value Money market fund $ 4,254 $ - $ - $ 4,254 U.S. treasury securities 594 - - 594 U.S. government sponsored entities 14,989 40 (76 ) 14,953 Collateralized mortgage obligations and residential mortgage-backed securities 143,327 443 (1,164 ) 142,606 Municipal securities 84,407 2,478 (40 ) 86,845 Collateralized debt obligations 3,469 - (1,390 ) 2,079 Total securities available-for-sale $ 251,040 $ 2,961 $ (2,670 ) $ 251,331 (Dollars in thousands) Gross Gross Estimated Cost Unrealized Unrealized Fair December 31, 2018 Basis Gains Losses Value Money market fund $ 2,480 $ - $ - $ 2,480 U.S. treasury securities U.S. government sponsored entities 7,997 28 (131 ) 7,894 Collateralized mortgage obligations and residential mortgage-backed securities 137,834 135 (2,688 ) 135,281 Municipal securities 93,516 1,072 (524 ) 94,064 Collateralized debt obligations 3,481 - (1,432 ) 2,049 Total securities available-for-sale $ 245,308 $ 1,235 $ (4,775 ) $ 241,768 |
Schedule of Contractual Maturities of Available-for-sale Debt Securities [Table Text Block] | The estimated fair value of available-for-sale debt securities at March 31, 2019, 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 March 31, 2019 Value Yield (%) Due in one year or less $ 4,913 6.30 Due from one to five years 7,233 3.21 Due from five to ten years 16,593 3.86 Due over ten years 79,986 4.10 Collateralized mortgage obligations and residential mortgage-backed securities 142,606 2.80 Total $ 251,331 3.37 |
Schedule of Realized Gain (Loss) [Table Text Block] | Sales of available-for-sale securities were as follows for the three months ended: (Dollars in thousands) March 31, March 31, 2019 2018 Proceeds $ 13,518 $ 14,668 Gross gains 356 758 Gross losses (4 ) - |
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, 2018 $ (2,796 ) Current period change 3,033 Ending balance, March 31, 2019 $ 237 |
Unrealized Gain (Loss) on Investments [Table Text Block] | Securities with gross unrealized losses at March 31, 2019 and December 31, 2018 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 March 31, 2019 Value Losses Value Losses Value Losses U.S. government sponsored entities $ - $ - $ 6,920 $ (76 ) $ 6,920 $ (76 ) Collateralized mortgage obligations and residential mortgage-backed securities - - 97,654 (1,164 ) 97,654 (1,164 ) Municipal securities - - 3,102 (40 ) 3,102 (40 ) Collateralized debt obligations - - 2,079 (1,390 ) 2,079 (1,390 ) Total temporarily impaired $ - $ - $ 109,755 $ (2,670 ) $ 109,755 $ (2,670 ) Number of securities 0 84 84 (Dollars in thousands) Less than 12 months 12 months or longer Total Estimated Estimated Estimated Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2018 Value Losses Value Losses Value Losses U.S. government sponsored entities $ - $ - $ 3,866 $ (131 ) $ 3,866 $ (131 ) Collateralized mortgage obligations and residential mortgage-backed securities 28,388 (304 ) 89,234 (2,384 ) 117,622 (2,688 ) Municipal securities 22,678 (367 ) 3,495 (157 ) 26,173 (524 ) Collateralized debt obligations - - 2,049 (1,432 ) 2,049 (1,432 ) Total temporarily impaired $ 51,066 $ (671 ) $ 98,644 $ (4,104 ) $ 149,710 $ (4,775 ) Number of securities 52 75 127 |
Loans Receivable (Tables)
Loans Receivable (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Loans receivable are summarized below: (Dollars in thousands) March 31, 2019 December 31, 2018 Loans secured by real estate: Residential real estate $ 303,111 $ 224,082 Home equity 49,658 45,423 Commercial real estate 265,013 253,104 Construction and land development 66,920 64,433 Multifamily 49,316 47,234 Farmland 236 240 Total loans secured by real estate 734,254 634,516 Commercial business 103,734 103,628 Consumer 6,713 5,293 Government 19,591 21,101 Subtotal 864,292 764,538 Less: Net deferred loan origination fees 844 530 Undisbursed loan funds (141 ) (668 ) Loans receivable $ 864,995 $ 764,400 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (Dollars in thousands) Beginning Balance Charge-offs Recoveries Provisions Ending Balance The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended March 31, 2019: Allowance for loan losses: Residential real estate $ 1,715 $ (48 ) $ 14 $ (1 ) $ 1,680 Home equity 202 - - (8 ) 194 Commercial real estate 3,335 - - 150 3,485 Construction and land development 756 - - 21 777 Multifamily 472 - - (38 ) 434 Farmland - - - - - Commercial business 1,362 - 6 23 1,391 Consumer 82 (18 ) 3 187 254 Government 38 - - (17 ) 21 Total $ 7,962 $ (66 ) $ 23 $ 317 $ 8,236 The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended March 31, 2018: Allowance for loan losses: Residential real estate $ 1,568 $ (68 ) $ - $ (7 ) $ 1,493 Home equity 166 (19 ) - 12 159 Commercial real estate 3,125 (119 ) - (10 ) 2,996 Construction and land development 618 - - 43 661 Multifamily 622 - - (7 ) 615 Farmland - - - 4 4 Commercial business 1,298 (526 ) 10 295 1,077 Consumer 31 (8 ) 4 8 35 Government 54 - - 3 57 Total $ 7,482 $ (740 ) $ 14 $ 341 $ 7,097 |
Individually Impaired Loans Receivables [Table Text Block] | The Bancorp's impairment analysis is summarized below: Ending Balances (Dollars in thousands) ALLL Individually evaluated for impairment reserves ALLL Collectively evaluated for impairment reserves Total Loans receivable Loans receivable Individually evaluated for impairment Loans receivable Purchased credit impaired individually evaluated for impairment Loans receivable Collectively evaluated for impairment The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at March 31, 2019: Residential real estate $ 23 1,657 302,918 $ 559 $ 1,366 $ 300,993 Home equity 8 186 49,716 136 370 49,210 Commercial real estate 202 3,283 265,013 1,673 483 262,857 Construction and land development - 777 66,920 - - 66,920 Multifamily - 434 49,316 - 716 48,600 Farmland - - 236 - - 236 Commercial business 32 1,359 103,507 416 1,152 101,939 Consumer - 254 7,778 - - 7,778 Government - 21 19,591 - - 19,591 Total $ 265 $ 7,971 $ 864,995 $ 2,784 $ 4,087 $ 858,124 The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2018: Residential real estate $ 22 1,693 223,323 $ 570 $ 980 $ 221,773 Home equity 9 193 45,483 141 123 45,219 Commercial real estate 210 3,125 253,104 1,703 402 250,999 Construction and land development - 756 64,433 - - 64,433 Multifamily - 472 47,234 - - 47,234 Farmland - - 240 - - 240 Commercial business 5 1,357 103,439 423 1,440 101,576 Consumer - 82 6,043 - - 6,043 Government - 38 21,101 - - 21,101 Total $ 246 $ 7,716 $ 764,400 $ 2,837 $ 2,945 $ 758,618 |
Financing Receivable Credit Quality Indicators [Table Text Block] | The Bancorp's credit quality indicators are summarized below at March 31, 2019 and December 31, 2018: Credit Exposure - Credit Risk Portfolio By Creditworthiness Category March 31, 2019 (Dollars in thousands) 2 3 4 5 6 7 8 Loan Segment Moderate Above average acceptable Acceptable Marginally acceptable Pass/monitor Special mention Substandard Total Residential real estate $ 862 $ 116,851 $ 103,661 $ 13,038 $ 58,546 4,466 5,494 $ 302,918 Home equity 62 7,486 39,164 345 1,235 866 558 49,716 Commercial real estate - 5,186 75,157 123,162 55,123 4,556 1,829 265,013 Construction and land development - 316 22,989 32,640 10,975 - - 66,920 Multifamily - 948 19,537 25,117 2,853 178 683 49,316 Farmland - - - - 236 - - 236 Commercial business 9,617 18,669 20,326 34,730 16,896 2,839 430 103,507 Consumer 1,153 2,810 2,716 194 905 - - 7,778 Government - 2,001 13,680 3,910 - - - 19,591 Total $ 11,694 $ 154,267 $ 297,230 $ 233,136 $ 146,769 $ 12,905 $ 8,994 $ 864,995 December 31, 2018 (Dollars in thousands) 2 3 4 5 6 7 8 Loan Segment Moderate Above average acceptable Acceptable Marginally acceptable Pass/monitor Special mention Substandard Total Residential real estate $ 261 $ 58,276 $ 100,374 $ 10,404 $ 44,734 $ 3,908 $ 5,366 $ 223,323 Home equity 192 3,736 40,165 37 323 657 373 45,483 Commercial real estate - 5,042 78,611 110,984 51,982 4,715 1,770 253,104 Construction and land development... - 322 24,271 29,383 10,457 - - 64,433 Multifamily... - 569 19,255 23,417 3,844 149 - 47,234 Farmland. - - - - 240 - - 240 Commercial business... 10,655 19,127 20,941 34,996 14,034 2,958 728 103,439 Consumer 925 2,953 1,040 196 909 20 - 6,043 Government - 2,111 14,795 4,195 - - - 21,101 Total $ 12,033 $ 92,136 $ 299,452 $ 213,612 $ 126,523 $ 12,407 $ 8,237 $ 764,400 |
Impaired Financing Receivables [Table Text Block] | The Bancorp's individually evaluated impaired loans are summarized below: For the three months ended As of March 31, 2019 March 31, 2019 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 1,766 $ 3,900 $ - $ 1,578 $ 14 Home equity 450 482 - 328 2 Commercial real estate 1,675 2,276 - 1,650 19 Construction and land development - - - - - Multifamily 716 798 - - - Farmland - - - - - Commercial business 1,536 1,685 - 1,668 21 Consumer - - - - - Government - - - - - With an allowance recorded: Residential real estate 159 159 23 160 2 Home equity 56 56 8 57 1 Commercial real estate 481 481 202 481 - Construction and land development - - - - - Multifamily - - - - - Farmland - - - - - Commercial business 32 32 32 48 - Consumer - - - - - Government - - - - - Total: Residential real estate $ 1,925 $ 4,059 $ 23 $ 1,738 $ 16 Home equity $ 506 $ 538 $ 8 $ 385 $ 3 Commercial real estate $ 2,156 $ 2,757 $ 202 $ 2,131 $ 19 Construction & land development $ - $ - $ - $ - $ - Multifamily $ 716 $ 798 $ - $ - $ - Farmland $ - $ - $ - $ - $ - Commercial business $ 1,568 $ 1,717 $ 32 $ 1,716 $ 21 Consumer $ - $ - $ - $ - $ - Government $ - $ - $ - $ - $ - For the three months ended As of December 31, 2018 March 31, 2018 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 1,389 $ 3,628 $ - $ 1,103 $ 6 Home equity 207 214 - 35 - Commercial real estate 1,624 2,222 - 252 - Construction & land development - - - 134 - Multifamily - - - - - Farmland - - - - - Commercial business 1,799 2,038 - 184 1 Consumer - - - - - Government - - - - - With an allowance recorded: Residential real estate 161 161 22 106 5 Home equity 57 57 9 - - Commercial real estate 481 481 210 186 4 Construction & land development - - - - - Multifamily - - - - - Farmland - - - - - Commercial business 64 64 5 275 - Consumer - - - - - Government - - - - - Total: Residential real estate $ 1,550 $ 3,789 $ 22 $ 1,209 $ 11 Home equity $ 264 $ 271 $ 9 $ 35 $ - Commercial real estate $ 2,105 $ 2,703 $ 210 $ 438 $ 4 Construction & land development $ - $ - $ - $ 134 $ - Multifamily $ - $ - $ - $ - $ - Farmland $ - $ - $ - $ - $ - Commercial business $ 1,863 $ 2,102 $ 5 $ 459 $ 1 Consumer $ - $ - $ - $ - $ - Government $ - $ - $ - $ - $ - |
Past Due Financing Receivables [Table Text Block] | The Bancorp's age analysis of past due loans is summarized below: (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Loans Recorded Investments Greater than 90 Days Past Due a nd Accruing March 31, 2019 Residential real estate $ 2,384 $ 1,490 $ 4,132 $ 8,006 $ 294,912 $ 302,918 $ 379 Home equity 141 98 427 666 49,050 49,716 - Commercial real estate 6,057 93 912 7,062 257,951 265,013 303 Construction and land development 125 - - 125 66,795 66,920 - Multifamily 33 270 145 448 48,868 49,316 145 Farmland - - - - 236 236 - Commercial business 956 538 353 1,847 101,660 103,507 322 Consumer 96 18 - 114 7,664 7,778 - Government - - - - 19,591 19,591 - Total $ 9,792 $ 2,507 $ 5,969 $ 18,268 $ 846,727 $ 864,995 $ 1,149 December 31, 2018 Residential real estate $ 3,659 $ 909 $ 4,362 $ 8,930 $ 214,393 $ 223,323 $ 122 Home equity 143 5 304 452 45,031 45,483 50 Commercial real estate 842 18 611 1,471 251,633 253,104 - Construction and land development 491 533 - 1,024 63,409 64,433 - Multifamily - 149 - 149 47,085 47,234 - Farmland - - - - 240 240 - Commercial business 733 260 436 1,429 102,010 103,439 149 Consumer 1 72 - 73 5,970 6,043 - Government - - - - 21,101 21,101 - Total $ 5,869 $ 1,946 $ 5,713 $ 13,528 $ 750,872 $ 764,400 $ 321 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | The Bancorp's loans on nonaccrual status are summarized below: (Dollars in thousands) March 31, 2019 December 31, 2018 Residential real estate $ 5,546 $ 5,135 Home equity 537 270 Commercial real estate 691 695 Construction and land development - - Multifamily 270 - Farmland - - Commercial business 168 495 Consumer - - Government - - Total $ 7,212 $ 6,595 |
Summary of Financing Receivables Acquired [Table Text Block] | For the acquisitions of First Federal Savings & Loan (“First Federal”), Liberty Savings Bank (“Liberty Savings”), First Personal Bank (“First Personal”), and A.J. Smith Federal Savings Bank (“AJ Smith”), as part of the fair value of loans receivable, a net fair value discount was established for loans as summarized below: (dollars in thousands) First Federal Liberty Savings First Personal AJ Smith Net fair value discount Accretable period in months Net fair value discount Accretable period in months Net fair value discount Accretable period in months Net fair value discount Accretable period in months Residential real estate $ 1,062 59 $ 1,203 44 $ 948 56 $ 3,734 52 Home equity 44 29 5 29 51 50 141 32 Commercial real estate - - - - 208 56 8 9 Construction and land development - - - - 1 30 - - Multifamily - - - - 11 48 2 48 Consumer - - - - 146 50 1 5 Commercial business - - - - 348 24 - - Purchased credit impaired loans - - - - 424 32 - - Total $ 1,106 $ 1,208 $ 2,137 $ 3,886 |
Summary of Accretable Yield from Acquired Financing Receivables [Table Text Block] | Accretable yield, or income recorded for the three months ended March 31, is as follows: (dollars in thousands) First Federal Liberty Savings First Personal AJ Smith Total 2018 $ 36 $ 68 $ - $ - $ 104 2019 22 42 203 155 $ 422 Total $ 58 $ 110 $ 203 $ 155 $ 526 |
Summary of Future Accretable Yield from Acquired Financing Receivables [Table Text Block] | Accretable yield, or income expected to be recorded in the future is as follows: (dollars in thousands) First Federal Liberty Savings First Personal AJ Smith Total 2019 $ - $ - $ 389 $ 695 $ 1,084 2020 - - 491 895 1,386 2021 - - 290 888 1,178 2022 - - 278 888 1,166 2023 - - 61 365 426 Total $ - $ - $ 1,509 $ 3,731 $ 5,240 |
Foreclosed Real Estate (Tables)
Foreclosed Real Estate (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | |
Schedule of Real Estate Properties [Table Text Block] | Foreclosed real estate at period-end is summarized below: ( Dollars in thousands ) March 31, 2019 December 31, 2018 Residential real estate $ 1,148 $ 1,132 Commercial real estate 126 126 Construction and land development - 149 Commercial business 220 220 Total $ 1,494 $ 1,627 |
Intangibles and Acquisition R_2
Intangibles and Acquisition Related Accounting (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | The table below summarizes the annual amortization: (dollars in thousands) First Federal Liberty Savings First Personal AJ Smith Total Current period $ 3 $ 14 $ 119 $ 75 $ 211 Remainder 2019 9 44 356 336 745 2020 12 58 475 449 994 2021 12 58 475 449 994 2022 1 58 475 449 983 2023 - 38 475 449 962 2024 - - 470 449 919 2025 - - - 261 261 Total $ 37 $ 270 $ 2,845 $ 2,917 $ 6,069 |
Earnings per Share (Tables)
Earnings per Share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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 months ended March 31, 2019 and 2018 are as follows: Three Months Ended March 31, (Dollars in thousands, except per share data) 2019 2018 Basic earnings per common share: Net income available to common stockholders $ 2,222 $ 2,561 Weighted average common shares outstanding 3,343,183 2,867,413 Basic earnings per common share $ 0.66 $ 0.89 Diluted earnings per common share: Net income available to common stockholders $ 2,222 $ 2,561 Weighted average common shares outstanding 3,343,183 2,867,413 Weighted average common and dilutive potential common shares outstanding 3,343,183 2,867,413 Diluted earnings per common share $ 0.66 $ 0.89 |
Stock Based Compensation (Table
Stock Based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Nonvested Restricted Stock Shares Activity [Table Text Block] | A summary of restricted stock activity under the Bancorp’s Plan described above for the year ended December 31, 2018 and three months ended March 31, 2019 follows: Non-vested Shares Shares Weighted Average Grant Date Fair Value Non-vested at January 1, 2018 30,690 $ 28.51 Granted 4,433 43.50 Vested (7,700 ) 22.64 Forfeited - - Non-vested at December 31, 2018 27,423 $ 32.58 Non-vested at January 1, 2019 27,423 $ 32.58 Granted 7,407 43.00 Vested (3,302 ) 27.26 Forfeited - - Non-vested at March 31, 2019 31,528 $ 35.58 |
Fair Value (Tables)
Fair Value (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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: Collateralized debt obligations (Dollars in thousands) other-than-temporary impairment Ending balance, December 31, 2018 $ 235 Additions not previously recognized - Ending balance, March 31, 2019 $ 235 |
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 three months ended March 31, 2019. Assets measured at fair value on a recurring basis are summarized below: Fair Value Measurements at March 31, 2019 Using (Dollars in thousands) Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available-for-sale debt securities: Money market fund $ 4,254 $ 4,254 $ - $ - U.S. treasury securities 594 - 594 - U.S. government sponsored entities 14,953 - 14,953 - Collateralized mortgage obligations and residential mortgage-backed securities 142,606 - 142,606 - Municipal securities 86,845 - 86,845 - Collateralized debt obligations 2,079 - - 2,079 Total securities available-for-sale $ 251,331 $ 4,254 $ 244,998 $ 2,079 Fair Value Measurements at December 31, 2018 Using (Dollars in thousands) Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available-for-sale debt securities: Money market fund $ 2,480 $ 2,480 $ - $ - U.S. treasury securities - - - - U.S. government sponsored entities 7,894 - 7,894 - Collateralized mortgage obligations and residential mortgage-backed securities 135,281 - 135,281 - Municipal securities 94,064 - 94,064 - Collateralized debt obligations 2,049 - - 2,049 Total securities available-for-sale $ 241,768 $ 2,480 $ 237,239 $ 2,049 |
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: (Dollars in thousands) Estimated Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Available-for- sale securities Beginning balance, January 1, 2018 $ 3,439 Principal payments (51 ) Total unrealized gains, included in other comprehensive income (36 ) Transfers in and/or (out) of Level 3 (1,303 ) Ending balance, December 31, 2018 $ 2,049 Beginning balance, January 1, 2019 $ 2,049 Principal payments (12 ) Total unrealized gains, included in other comprehensive income 42 Sale out of Level 3 - Ending balance, March 31, 2019 $ 2,079 |
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: (Dollars in thousands) Fair Value Measurements at March 31, 2019 Using (Dollars in thousands) Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 6,606 $ - $ - $ 6,606 Foreclosed real estate 1,494 - - 1,494 (Dollars in thousands) Fair Value Measurements at December 31, 2018 Using (Dollars in thousands) Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 5,536 $ - $ - $ 5,536 Foreclosed real estate 1,627 - - 1,627 |
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. March 31, 2019 Estimated Fair Value Measurements at March 31, 2019 Using (Dollars in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 60,764 $ 60,764 $ 60,764 $ - $ - Certificates of deposit in other financial institutions 2,215 2,181 - 2,181 - Securities available-for-sale 251,331 251,331 4,254 244,998 2,079 Loans held-for-sale 2,966 3,023 3,023 - - Loans receivable, net 856,759 853,675 - - 853,675 Federal Home Loan Bank stock 3,971 3,971 - 3,971 - Accrued interest receivable 4,062 4,062 - 4,062 - Financial liabilities: Non-interest bearing deposits 177,317 177,317 177,317 - - Interest bearing deposits 924,336 922,383 617,684 304,699 - Repurchase agreements 12,691 12,689 10,927 1,762 - Borrowed funds 20,000 19,989 - 19,989 - Accrued interest payable 166 166 - 166 - December 31, 2018 Estimated Fair Value Measurements at December 31, 2018 Using (Dollars in thousands) Carrying Value Estimated Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 17,139 $ 17,139 $ 17,139 $ - $ - Certificates of deposit in other financial institutions 2,024 2,001 - 2,001 - Securities available-for-sale 241,768 241,768 2,480 237,239 2,049 Loans held-for-sale 2,863 2,910 2,910 - - Loans receivable, net 756,438 747,553 - - 747,553 Federal Home Loan Bank stock 3,460 3,460 - 3,460 - Accrued interest receivable 3,632 3,632 - 3,632 - Financial liabilities: Non-interest bearing deposits 127,277 127,277 127,277 - - Interest bearing deposits 802,509 800,349 543,617 256,732 - Repurchase agreements 11,628 11,626 9,867 1,759 - Borrowed funds 43,000 42,888 - 42,888 - Accrued interest payable 186 186 - 186 - |
Acquisition Activity (Details)
Acquisition Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
ASSETS | |||
Cash and due from banks | $ 67,938 | $ 30,178 | |
Investment securities, available for sale | 3,432 | 2 | |
Commercial | 87,846 | 94,572 | |
Premises and equipment, net | 3,542 | 5,799 | |
FHLB stock | 512 | 219 | |
Goodwill | 2,574 | 5,437 | |
Core deposit intangible | 2,917 | 3,044 | |
Interest receivable | 351 | 274 | |
Other assets | 9,304 | 6,405 | |
Total assets purchased | 178,416 | 145,930 | |
Common shares issued | 17,492 | 6,928 | |
Cash paid | 15,378 | $ 0 | 8,689 |
Total purchase price | 32,870 | 15,617 | |
LIABILITIES | |||
Deposits | 144,226 | 124,901 | |
Borrowings | 4,124 | ||
Interest payable | 50 | 32 | |
Other liabilities | 1,270 | 1,256 | |
Total liabilities assumed | 145,546 | 130,313 | |
Multifamily [Member] | |||
ASSETS | |||
Commercial | 1,442 | ||
Commercial Loan [Member] | |||
ASSETS | |||
Commercial | 712 | 53,026 | |
Residential Mortgage [Member] | |||
ASSETS | |||
Commercial | 85,635 | 32,542 | |
Consumer Loan [Member] | |||
ASSETS | |||
Commercial | 57 | 9,004 | |
Noninterest bearing [Member] | |||
LIABILITIES | |||
Deposits | 24,502 | 14,517 | |
NOW Accounts [Member] | |||
LIABILITIES | |||
Deposits | 10,712 | 22,177 | |
Savings and money market [Member] | |||
LIABILITIES | |||
Deposits | 68,875 | 41,852 | |
Certificate of Deposit [Member] | |||
LIABILITIES | |||
Deposits | $ 40,137 | $ 46,355 |
Acquisition Activity (Details T
Acquisition Activity (Details Textual) $ in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
Jan. 23, 2019USD ($) | Jul. 25, 2018USD ($)shares | Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | Dec. 17, 2018USD ($) | May 31, 2004USD ($) | |
Business Acquisition [Line Items] | |||||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 15,378 | $ 0 | $ 8,689 | ||||
Number Of Banking Centers | 19 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt | $ 4,124 | ||||||
First Personal Bank [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Acquisition Description Of Consideration Paid | Merger, each First Personal stockholder holding 100 or more shares of First Personal common stock received fixed consideration of (i) 0.1246 shares of Bancorp common stock, and (ii) $6.67 per share in cash for each outstanding share of First Personal common stock. Stockholders holding less than 100 shares of First Personal common stock received $12.12 in cash and no stock consideration for each outstanding share of First Personal common stock. Any fractional shares of Bancorp common stock that a First Personal stockholder would have otherwise received in the First Personal Merger were cashed out in the amount of such fraction multiplied by $42.95. | ||||||
Business Combination, Consideration Transferred | $ 15,600 | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 161,875 | ||||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 8,700 | ||||||
Business Acquisition, Transaction Costs | $ 1,800 | ||||||
AJS Bancorp Inc [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Acquisition Description Of Consideration Paid | each AJSB stockholder holding 100 or more shares of AJSB common stock received fixed consideration of (i) 0.2030 shares of NWIN common stock, and (ii) $7.20 per share in cash for each outstanding share of AJSB’s common stock. Stockholders holding less than 100 shares of AJSB common stock received $16.00 in cash and no stock consideration for each outstanding share of AJSB common stock. Any fractional shares of NWIN common stock that an AJSB stockholder would have otherwise received in the AJSB Merger were cashed out in the amount of such fraction multiplied by $43.01. | ||||||
First Personal Statutory Trust I [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt | $ 4,124 | ||||||
Equity Securities Description of Variable Rate Basis | LIBOR plus 275 basis points | ||||||
Business Acquisition Date of Expiration Agreement | Jun. 17, 2034 | ||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Debt Redeemed | $ 4,124 | ||||||
AJSB [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Consideration Transferred | $ 32,900 | ||||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 15,400 | ||||||
Business Acquisition, Transaction Costs | $ 2,100 | ||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable Fair Value Method | 416,478 |
Securities (Details)
Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Schedule of Available-for-sale Securities [Line Items] | ||
Cost Basis | $ 251,040 | $ 245,308 |
Gross Unrealized Gains | 2,961 | 1,235 |
Gross Unrealized Losses | (2,670) | (4,775) |
Estimated Fair Value | 251,331 | 241,768 |
Municipal securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost Basis | 84,407 | 93,516 |
Gross Unrealized Gains | 2,478 | 1,072 |
Gross Unrealized Losses | (40) | (524) |
Estimated Fair Value | 86,845 | 94,064 |
U.S. government sponsored entities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost Basis | 14,989 | 7,997 |
Gross Unrealized Gains | 40 | 28 |
Gross Unrealized Losses | (76) | (131) |
Estimated Fair Value | 14,953 | 7,894 |
Collateralized mortgage obligations and residential mortgage-backed securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost Basis | 143,327 | 137,834 |
Gross Unrealized Gains | 443 | 135 |
Gross Unrealized Losses | (1,164) | (2,688) |
Estimated Fair Value | 142,606 | 135,281 |
Collateralized Debt Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost Basis | 3,469 | 3,481 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (1,390) | (1,432) |
Estimated Fair Value | 2,079 | 2,049 |
Money Market Funds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost Basis | 4,254 | 2,480 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Estimated Fair Value | 4,254 | $ 2,480 |
US Treasury Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Cost Basis | 594 | |
Gross Unrealized Gains | 0 | |
Gross Unrealized Losses | 0 | |
Estimated Fair Value | $ 594 |
Securities (Details 1)
Securities (Details 1) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Contractual Maturities Of Available For Sale Debt Securities [Line Items] | ||
Estimated Fair Value, Due in one year or less | $ 4,913 | |
Estimated Fair Value, Due from one to five years | 7,233 | |
Estimated Fair Value, Due from five to ten years | 16,593 | |
Estimated Fair Value, Due over ten years | 79,986 | |
Estimated Fair Value, Total | $ 251,331 | $ 241,768 |
Tax-Equivalent Yield, Due in one year or less | 6.30% | |
Tax-Equivalent Yield, Due from one to five years | 3.21% | |
Tax-Equivalent Yield, Due from five to ten years | 3.86% | |
Tax-Equivalent Yield, Due over ten years | 4.10% | |
Tax-Equivalent Yield, Total | 3.37% | |
Collateralized Mortgage Backed Securities [Member] | ||
Contractual Maturities Of Available For Sale Debt Securities [Line Items] | ||
Estimated Fair Value, Total | $ 142,606 | $ 135,281 |
Tax-Equivalent Yield, Total | 2.80% |
Securities (Details 2)
Securities (Details 2) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Realized Gain Loss [Line Items] | ||
Proceeds | $ 13,518 | $ 14,668 |
Gross gains | 356 | 758 |
Gross losses | $ (4) | $ 0 |
Securities (Details 3)
Securities (Details 3) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Ending balance, December 31, 2018 | $ (2,796) | |
Current period change | 3,033 | $ (4,032) |
Ending balance, March 31, 2019 | $ 237 |
Securities (Details 4)
Securities (Details 4) $ in Thousands | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) |
Schedule of Available-for-sale Securities [Line Items] | ||
Estimated Fair Value, Less than 12 months | $ 0 | $ 51,066 |
Unrealized Losses, Less than 12 months | 0 | (671) |
Estimated Fair Value, 12 months or longer | 109,755 | 98,644 |
Unrealized Losses, 12 months or longer | (2,670) | (4,104) |
Estimated Fair Value, Total | 109,755 | 149,710 |
Unrealized Losses, Total | $ (2,670) | $ (4,775) |
Number of securities, Unrealized Losses, Less than 12 months | 0 | 52 |
Number of securities, Unrealized Losses, 12 months or longer | 84 | 75 |
Number of securities, Unrealized Losses, Total | 84 | 127 |
US Government-sponsored Enterprises Debt Securities [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 | 6,920 | 3,866 |
Unrealized Losses, 12 months or longer | (76) | (131) |
Estimated Fair Value, Total | 6,920 | 3,866 |
Unrealized Losses, Total | (76) | (131) |
Collateralized Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Estimated Fair Value, Less than 12 months | 0 | 28,388 |
Unrealized Losses, Less than 12 months | 0 | (304) |
Estimated Fair Value, 12 months or longer | 97,654 | 89,234 |
Unrealized Losses, 12 months or longer | (1,164) | (2,384) |
Estimated Fair Value, Total | 97,654 | 117,622 |
Unrealized Losses, Total | (1,164) | (2,688) |
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 | 2,079 | 2,049 |
Unrealized Losses, 12 months or longer | (1,390) | (1,432) |
Estimated Fair Value, Total | 2,079 | 2,049 |
Unrealized Losses, Total | (1,390) | (1,432) |
Municipal securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Estimated Fair Value, Less than 12 months | 0 | 22,678 |
Unrealized Losses, Less than 12 months | 0 | (367) |
Estimated Fair Value, 12 months or longer | 3,102 | 3,495 |
Unrealized Losses, 12 months or longer | (40) | (157) |
Estimated Fair Value, Total | 3,102 | 26,173 |
Unrealized Losses, Total | $ (40) | $ (524) |
Securities (Details Textual)
Securities (Details Textual) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Schedule of Available-for-sale Securities [Line Items] | ||
Trading Securities Pledged as Collateral | $ 83.3 | $ 16.3 |
Loans Receivable (Details)
Loans Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Loans secured by real estate: | |||
Total loans secured by real estate | $ 734,254 | $ 634,516 | |
Subtotal | 864,292 | 764,538 | |
Adjustments: Less: Net deferred loan origination fees | 844 | 530 | |
Adjustments: Undisbursed loan funds | (141) | (668) | |
Loan receivables | 864,995 | 764,400 | $ 764,400 |
Commercial business [Member] | |||
Loans secured by real estate: | |||
Loans and Leases Receivable, before Fees, Gross | 103,734 | 103,628 | |
Consumer [Member] | |||
Loans secured by real estate: | |||
Loans and Leases Receivable, before Fees, Gross | 6,713 | 5,293 | |
Government [Member] | |||
Loans secured by real estate: | |||
Loans and Leases Receivable, before Fees, Gross | 19,591 | 21,101 | |
Loan receivables | 19,591 | 21,101 | 21,101 |
Residential real estate [Member] | |||
Loans secured by real estate: | |||
Total loans secured by real estate | 303,111 | 224,082 | |
Loan receivables | 302,918 | 223,323 | 223,323 |
Home equity [Member] | |||
Loans secured by real estate: | |||
Total loans secured by real estate | 49,658 | 45,423 | |
Loan receivables | 49,716 | 45,483 | 45,483 |
Commercial real estate [Member] | |||
Loans secured by real estate: | |||
Total loans secured by real estate | 265,013 | 253,104 | |
Loan receivables | 265,013 | 253,104 | 253,104 |
Construction and land development [Member] | |||
Loans secured by real estate: | |||
Total loans secured by real estate | 66,920 | 64,433 | |
Loan receivables | 66,920 | 64,433 | 64,433 |
Multifamily [Member] | |||
Loans secured by real estate: | |||
Total loans secured by real estate | 49,316 | 47,234 | |
Loan receivables | 49,316 | 47,234 | 47,234 |
Farmland [Member] | |||
Loans secured by real estate: | |||
Total loans secured by real estate | 236 | 240 | |
Loan receivables | $ 236 | $ 240 | $ 240 |
Loans Receivable (Details 1)
Loans Receivable (Details 1) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Allowance for loan losses: | |||
Beginning Balance | $ 7,962 | $ 7,482 | |
Charge-offs | (66) | (740) | |
Recoveries | 23 | 14 | |
Provisions | 317 | 341 | |
Ending Balance | 8,236 | 7,097 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 265 | 246 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 7,971 | 7,716 | |
LOAN RECEIVABLES | |||
Loan receivables | 864,995 | 764,400 | $ 764,400 |
Ending balance: Loans individually evaluated for impairment | 2,784 | 2,837 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 4,087 | 2,945 | |
Ending balance: Loans collectively evaluated for impairment | 858,124 | 758,618 | |
Residential real estate [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 1,715 | 1,568 | |
Charge-offs | (48) | (68) | |
Recoveries | 14 | 0 | |
Provisions | (1) | (7) | |
Ending Balance | 1,680 | 1,493 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 23 | 22 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 1,657 | 1,693 | |
LOAN RECEIVABLES | |||
Loan receivables | 302,918 | 223,323 | 223,323 |
Ending balance: Loans individually evaluated for impairment | 559 | 570 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 1,366 | 980 | |
Ending balance: Loans collectively evaluated for impairment | 300,993 | 221,773 | |
Home equity [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 202 | 166 | |
Charge-offs | 0 | (19) | |
Recoveries | 0 | 0 | |
Provisions | (8) | 12 | |
Ending Balance | 194 | 159 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 8 | 9 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 186 | 193 | |
LOAN RECEIVABLES | |||
Loan receivables | 49,716 | 45,483 | 45,483 |
Ending balance: Loans individually evaluated for impairment | 136 | 141 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 370 | 123 | |
Ending balance: Loans collectively evaluated for impairment | 49,210 | 45,219 | |
Commercial real estate [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 3,335 | 3,125 | |
Charge-offs | 0 | (119) | |
Recoveries | 0 | 0 | |
Provisions | 150 | (10) | |
Ending Balance | 3,485 | 2,996 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 202 | 210 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 3,283 | 3,125 | |
LOAN RECEIVABLES | |||
Loan receivables | 265,013 | 253,104 | 253,104 |
Ending balance: Loans individually evaluated for impairment | 1,673 | 1,703 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 483 | 402 | |
Ending balance: Loans collectively evaluated for impairment | 262,857 | 250,999 | |
Construction and land develolpment [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 756 | 618 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Provisions | 21 | 43 | |
Ending Balance | 777 | 661 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 0 | 0 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 777 | 756 | |
LOAN RECEIVABLES | |||
Loan receivables | 66,920 | 64,433 | 64,433 |
Ending balance: Loans individually evaluated for impairment | 0 | 0 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 0 | 0 | |
Ending balance: Loans collectively evaluated for impairment | 66,920 | 64,433 | |
Multifamily [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 472 | 622 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Provisions | (38) | (7) | |
Ending Balance | 434 | 615 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 0 | 0 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 434 | 472 | |
LOAN RECEIVABLES | |||
Loan receivables | 49,316 | 47,234 | 47,234 |
Ending balance: Loans individually evaluated for impairment | 0 | 0 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 716 | 0 | |
Ending balance: Loans collectively evaluated for impairment | 48,600 | 47,234 | |
Farmland [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 0 | 0 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Provisions | 0 | 4 | |
Ending Balance | 0 | 4 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 0 | 0 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 0 | 0 | |
LOAN RECEIVABLES | |||
Loan receivables | 236 | 240 | 240 |
Ending balance: Loans individually evaluated for impairment | 0 | 0 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 0 | 0 | |
Ending balance: Loans collectively evaluated for impairment | 236 | 240 | |
Consumer [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 82 | 31 | |
Charge-offs | (18) | (8) | |
Recoveries | 3 | 4 | |
Provisions | 187 | 8 | |
Ending Balance | 254 | 35 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 0 | 0 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 254 | 82 | |
LOAN RECEIVABLES | |||
Loan receivables | 7,778 | 6,043 | 6,043 |
Ending balance: Loans individually evaluated for impairment | 0 | 0 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 0 | 0 | |
Ending balance: Loans collectively evaluated for impairment | 7,778 | 6,043 | |
Commercial business [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 1,362 | 1,298 | |
Charge-offs | 0 | (526) | |
Recoveries | 6 | 10 | |
Provisions | 23 | 295 | |
Ending Balance | 1,391 | 1,077 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 32 | 5 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 1,359 | 1,357 | |
LOAN RECEIVABLES | |||
Loan receivables | 103,507 | 103,439 | 103,439 |
Ending balance: Loans individually evaluated for impairment | 416 | 423 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 1,152 | 1,440 | |
Ending balance: Loans collectively evaluated for impairment | 101,939 | 101,576 | |
Government [Member] | |||
Allowance for loan losses: | |||
Beginning Balance | 38 | 54 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Provisions | (17) | 3 | |
Ending Balance | 21 | 57 | |
Ending balance: Loans receivable individually evaluated impairment reserves | 0 | 0 | |
Ending balance: Loans receivable collectively evaluated impairment reserves | 21 | 38 | |
LOAN RECEIVABLES | |||
Loan receivables | 19,591 | 21,101 | $ 21,101 |
Ending balance: Loans individually evaluated for impairment | 0 | 0 | |
Ending balance: Purchased credit impaired individually evaluated for impairment | 0 | 0 | |
Ending balance: Loans collectively evaluated for impairment | $ 19,591 | $ 21,101 |
Loans Receivable (Details 2)
Loans Receivable (Details 2) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | $ 864,995 | $ 764,400 |
Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 302,918 | 223,323 |
Home equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 49,716 | 45,483 |
Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 265,013 | 253,104 |
Construction and land develolpment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 66,920 | 64,433 |
Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 49,316 | 47,234 |
Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 236 | 240 |
Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 103,507 | 103,439 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 7,778 | 6,043 |
Government [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 19,591 | 21,101 |
Moderate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 11,694 | 12,033 |
Moderate [Member] | Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 862 | 261 |
Moderate [Member] | Home equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 62 | 192 |
Moderate [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Moderate [Member] | Construction and land develolpment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Moderate [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Moderate [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Moderate [Member] | Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 9,617 | 10,655 |
Moderate [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 1,153 | 925 |
Moderate [Member] | Government [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Above average acceptable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 154,267 | 92,136 |
Above average acceptable [Member] | Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 116,851 | 58,276 |
Above average acceptable [Member] | Home equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 7,486 | 3,736 |
Above average acceptable [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 5,186 | 5,042 |
Above average acceptable [Member] | Construction and land develolpment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 316 | 322 |
Above average acceptable [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 948 | 569 |
Above average acceptable [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Above average acceptable [Member] | Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 18,669 | 19,127 |
Above average acceptable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 2,810 | 2,953 |
Above average acceptable [Member] | Government [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 2,001 | 2,111 |
Acceptable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 297,230 | 299,452 |
Acceptable [Member] | Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 103,661 | 100,374 |
Acceptable [Member] | Home equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 39,164 | 40,165 |
Acceptable [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 75,157 | 78,611 |
Acceptable [Member] | Construction and land develolpment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 22,989 | 24,271 |
Acceptable [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 19,537 | 19,255 |
Acceptable [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Acceptable [Member] | Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 20,326 | 20,941 |
Acceptable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 2,716 | 1,040 |
Acceptable [Member] | Government [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 13,680 | 14,795 |
Marginally acceptable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 233,136 | 213,612 |
Marginally acceptable [Member] | Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 13,038 | 10,404 |
Marginally acceptable [Member] | Home equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 345 | 37 |
Marginally acceptable [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 123,162 | 110,984 |
Marginally acceptable [Member] | Construction and land develolpment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 32,640 | 29,383 |
Marginally acceptable [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 25,117 | 23,417 |
Marginally acceptable [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Marginally acceptable [Member] | Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 34,730 | 34,996 |
Marginally acceptable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 194 | 196 |
Marginally acceptable [Member] | Government [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 3,910 | 4,195 |
Pass/monitor [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 146,769 | 126,523 |
Pass/monitor [Member] | Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 58,546 | 44,734 |
Pass/monitor [Member] | Home equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 1,235 | 323 |
Pass/monitor [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 55,123 | 51,982 |
Pass/monitor [Member] | Construction and land develolpment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 10,975 | 10,457 |
Pass/monitor [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 2,853 | 3,844 |
Pass/monitor [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 236 | 240 |
Pass/monitor [Member] | Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 16,896 | 14,034 |
Pass/monitor [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 905 | 909 |
Pass/monitor [Member] | Government [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Special mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 12,905 | 12,407 |
Special mention [Member] | Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 4,466 | 3,908 |
Special mention [Member] | Home equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 866 | 657 |
Special mention [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 4,556 | 4,715 |
Special mention [Member] | Construction and land develolpment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Special mention [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 178 | 149 |
Special mention [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Special mention [Member] | Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 2,839 | 2,958 |
Special mention [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 20 |
Special mention [Member] | Government [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 8,994 | 8,237 |
Substandard [Member] | Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 5,494 | 5,366 |
Substandard [Member] | Home equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 558 | 373 |
Substandard [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 1,829 | 1,770 |
Substandard [Member] | Construction and land develolpment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Substandard [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 683 | 0 |
Substandard [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Substandard [Member] | Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 430 | 728 |
Substandard [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | 0 | 0 |
Substandard [Member] | Government [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable | $ 0 | $ 0 |
Loans Receivable (Details 3)
Loans Receivable (Details 3) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | $ 4,100 | $ 2,900 | |
Unpaid Principal Balance | 7,100 | 6,000 | |
Residential real estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 1,925 | 1,550 | |
Unpaid Principal Balance | 4,059 | 3,789 | |
Related Allowance | 23 | 22 | |
Average Recorded Investment | 1,738 | $ 1,209 | |
Interest Income Recognized | 16 | 11 | |
Home equity [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 506 | 264 | |
Unpaid Principal Balance | 538 | 271 | |
Related Allowance | 8 | 9 | |
Average Recorded Investment | 385 | 35 | |
Interest Income Recognized | 3 | 0 | |
Commercial Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 2,156 | 2,105 | |
Unpaid Principal Balance | 2,757 | 2,703 | |
Related Allowance | 202 | 210 | |
Average Recorded Investment | 2,131 | 438 | |
Interest Income Recognized | 19 | 4 | |
Construction and land develolpment [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 134 | |
Interest Income Recognized | 0 | 0 | |
Multifamily [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 716 | 0 | |
Unpaid Principal Balance | 798 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | |
Interest Income Recognized | 0 | 0 | |
Farmland [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 | |
Commercial business [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 1,568 | 1,863 | |
Unpaid Principal Balance | 1,717 | 2,102 | |
Related Allowance | 32 | 5 | |
Average Recorded Investment | 1,716 | 459 | |
Interest Income Recognized | 21 | 1 | |
Consumer [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 | |
Government [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] | Residential real estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 1,766 | 1,389 | |
Unpaid Principal Balance | 3,900 | 3,628 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 1,578 | 1,103 | |
Interest Income Recognized | 14 | 6 | |
Impaired Loans With No Related Allowance [Member] | Home equity [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 450 | 207 | |
Unpaid Principal Balance | 482 | 214 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 328 | 35 | |
Interest Income Recognized | 2 | 0 | |
Impaired Loans With No Related Allowance [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 1,675 | 1,624 | |
Unpaid Principal Balance | 2,276 | 2,222 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 1,650 | 252 | |
Interest Income Recognized | 19 | 0 | |
Impaired Loans With No Related Allowance [Member] | Construction and land develolpment [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 134 | |
Interest Income Recognized | 0 | 0 | |
Impaired Loans With No Related Allowance [Member] | Multifamily [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 716 | 0 | |
Unpaid Principal Balance | 798 | 0 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 0 | 0 | |
Interest Income Recognized | 0 | 0 | |
Impaired Loans With No Related Allowance [Member] | Farmland [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 | 1,536 | 1,799 | |
Unpaid Principal Balance | 1,685 | 2,038 | |
Related Allowance | 0 | 0 | |
Average Recorded Investment | 1,668 | 184 | |
Interest Income Recognized | 21 | 1 | |
Impaired Loans With No Related Allowance [Member] | Consumer [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] | Government [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 Related Allowance [Member] | Residential real estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 159 | 161 | |
Unpaid Principal Balance | 159 | 161 | |
Related Allowance | 23 | 22 | |
Average Recorded Investment | 160 | 106 | |
Interest Income Recognized | 2 | 5 | |
Impaired Loans With Related Allowance [Member] | Home equity [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 56 | 57 | |
Unpaid Principal Balance | 56 | 57 | |
Related Allowance | 8 | 9 | |
Average Recorded Investment | 57 | 0 | |
Interest Income Recognized | 1 | 0 | |
Impaired Loans With Related Allowance [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 481 | 481 | |
Unpaid Principal Balance | 481 | 481 | |
Related Allowance | 202 | 210 | |
Average Recorded Investment | 481 | 186 | |
Interest Income Recognized | 0 | 4 | |
Impaired Loans With Related Allowance [Member] | Construction and land develolpment [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 Related Allowance [Member] | Multifamily [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 Related Allowance [Member] | Farmland [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 Related Allowance [Member] | Commercial business [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 32 | 64 | |
Unpaid Principal Balance | 32 | 64 | |
Related Allowance | 32 | 5 | |
Average Recorded Investment | 48 | 275 | |
Interest Income Recognized | 0 | 0 | |
Impaired Loans With Related Allowance [Member] | Consumer [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 Related Allowance [Member] | Government [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 |
Loans Receivable (Details 5)
Loans Receivable (Details 5) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | $ 18,268 | $ 13,528 | |
Current | 846,727 | 750,872 | |
Total Loans | 864,995 | 764,400 | $ 764,400 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 1,149 | 321 | |
Government [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Current | 19,591 | 21,101 | |
Total Loans | 19,591 | 21,101 | 21,101 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 0 | 0 | |
Residential real estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 8,006 | 8,930 | |
Current | 294,912 | 214,393 | |
Total Loans | 302,918 | 223,323 | 223,323 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 379 | 122 | |
Home equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 666 | 452 | |
Current | 49,050 | 45,031 | |
Total Loans | 49,716 | 45,483 | 45,483 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 0 | 50 | |
Commercial real estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 7,062 | 1,471 | |
Current | 257,951 | 251,633 | |
Total Loans | 265,013 | 253,104 | 253,104 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 303 | 0 | |
Construction and land develolpment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 125 | 1,024 | |
Current | 66,795 | 63,409 | |
Total Loans | 66,920 | 64,433 | 64,433 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 0 | 0 | |
Multifamily [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 448 | 149 | |
Current | 48,868 | 47,085 | |
Total Loans | 49,316 | 47,234 | 47,234 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 145 | 0 | |
Farmland [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Current | 236 | 240 | |
Total Loans | 236 | 240 | 240 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 0 | 0 | |
Commercial business [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,847 | 1,429 | |
Current | 101,660 | 102,010 | |
Total Loans | 103,507 | 103,439 | 103,439 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 322 | 149 | |
Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 114 | 73 | |
Current | 7,664 | 5,970 | |
Total Loans | 7,778 | 6,043 | $ 6,043 |
Recorded Investments Greater than 90 Days Past Due and Accruing | 0 | 0 | |
Financing Receivables, 30-59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 9,792 | 5,869 | |
Financing Receivables, 30-59 Days Past Due [Member] | Government [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, 30-59 Days Past Due [Member] | Residential real estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 2,384 | 3,659 | |
Financing Receivables, 30-59 Days Past Due [Member] | Home equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 141 | 143 | |
Financing Receivables, 30-59 Days Past Due [Member] | Commercial real estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 6,057 | 842 | |
Financing Receivables, 30-59 Days Past Due [Member] | Construction and land develolpment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 125 | 491 | |
Financing Receivables, 30-59 Days Past Due [Member] | Multifamily [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 33 | 0 | |
Financing Receivables, 30-59 Days Past Due [Member] | Farmland [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, 30-59 Days Past Due [Member] | Commercial business [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 956 | 733 | |
Financing Receivables, 30-59 Days Past Due [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 96 | 1 | |
Financing Receivables, 60-89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 2,507 | 1,946 | |
Financing Receivables, 60-89 Days Past Due [Member] | Government [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, 60-89 Days Past Due [Member] | Residential real estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 1,490 | 909 | |
Financing Receivables, 60-89 Days Past Due [Member] | Home equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 98 | 5 | |
Financing Receivables, 60-89 Days Past Due [Member] | Commercial real estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 93 | 18 | |
Financing Receivables, 60-89 Days Past Due [Member] | Construction and land develolpment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 533 | |
Financing Receivables, 60-89 Days Past Due [Member] | Multifamily [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 270 | 149 | |
Financing Receivables, 60-89 Days Past Due [Member] | Farmland [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, 60-89 Days Past Due [Member] | Commercial business [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 538 | 260 | |
Financing Receivables, 60-89 Days Past Due [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 18 | 72 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 5,969 | 5,713 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Government [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential real estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 4,132 | 4,362 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 427 | 304 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 912 | 611 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction and land develolpment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multifamily [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 145 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Farmland [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial business [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | 353 | 436 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total Past Due | $ 0 | $ 0 |
Loans Receivable (Details 6)
Loans Receivable (Details 6) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | $ 7,212 | $ 6,595 |
Government [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | 0 | 0 |
Residential real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | 5,546 | 5,135 |
Home equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | 537 | 270 |
Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | 691 | 695 |
Construction and land development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | 0 | 0 |
Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | 270 | 0 |
Farmland [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | 0 | 0 |
Commercial business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | 168 | 495 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing receivables on nonaccrual status | $ 0 | $ 0 |
Loans Receivable (Details 7)
Loans Receivable (Details 7) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 1,106 |
Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 1,208 |
First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 2,137 |
AJ Smith [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 3,886 |
Residential real estate [Member] | First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 1,062 |
Accretable period in months | 59 months |
Residential real estate [Member] | Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 1,203 |
Accretable period in months | 44 months |
Residential real estate [Member] | First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 948 |
Accretable period in months | 56 months |
Residential real estate [Member] | AJ Smith [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 3,734 |
Accretable period in months | 52 months |
Home equity [Member] | First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 44 |
Accretable period in months | 29 months |
Home equity [Member] | Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 5 |
Accretable period in months | 29 months |
Home equity [Member] | First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 51 |
Accretable period in months | 50 months |
Home equity [Member] | AJ Smith [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 141 |
Accretable period in months | 32 months |
Commercial Real Estate [Member] | First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 0 |
Commercial Real Estate [Member] | Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 0 |
Commercial Real Estate [Member] | First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 208 |
Accretable period in months | 56 months |
Commercial Real Estate [Member] | AJ Smith [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 8 |
Accretable period in months | 9 months |
Construction and land develolpment [Member] | First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 0 |
Construction and land develolpment [Member] | Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 0 |
Construction and land develolpment [Member] | First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 1 |
Accretable period in months | 30 months |
Multifamily [Member] | First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 0 |
Multifamily [Member] | Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 0 |
Multifamily [Member] | First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 11 |
Accretable period in months | 48 months |
Multifamily [Member] | AJ Smith [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 2 |
Accretable period in months | 48 months |
Consumer [Member] | First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 0 |
Consumer [Member] | Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 0 |
Consumer [Member] | First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 146 |
Accretable period in months | 50 months |
Consumer [Member] | AJ Smith [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 1 |
Accretable period in months | 5 months |
Commercial business [Member] | First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 0 |
Commercial business [Member] | Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 0 |
Commercial business [Member] | First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 348 |
Accretable period in months | 24 months |
Purchased credit impaired loans [Member] | First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 0 |
Purchased credit impaired loans [Member] | Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | 0 |
Purchased credit impaired loans [Member] | First Personal Bank [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
Net fair value discount | $ 424 |
Accretable period in months | 32 months |
Loans Receivable (Details 8)
Loans Receivable (Details 8) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2018 | $ 104 |
2019 | 422 |
Total | 526 |
First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2018 | 36 |
2019 | 22 |
Total | 58 |
Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2018 | 68 |
2019 | 42 |
Total | 110 |
First Personal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2018 | 0 |
2019 | 203 |
Total | 203 |
AJ Smith [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2018 | 0 |
2019 | 155 |
Total | $ 155 |
Loans Receivable (Details 9)
Loans Receivable (Details 9) $ in Thousands | Mar. 31, 2019USD ($) |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2019 | $ 1,084 |
2020 | 1,386 |
2021 | 1,178 |
2022 | 1,166 |
2023 | 426 |
Total | 5,240 |
First Federal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2019 | 0 |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
Total | 0 |
Liberty Savings [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2019 | 0 |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
Total | 0 |
First Personal [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2019 | 389 |
2020 | 491 |
2021 | 290 |
2022 | 278 |
2023 | 61 |
Total | 1,509 |
AJ Smith [Member] | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |
2019 | 695 |
2020 | 895 |
2021 | 888 |
2022 | 888 |
2023 | 365 |
Total | $ 3,731 |
Loans Receivable (Details Textu
Loans Receivable (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Modifications [Line Items] | ||
Impaired Financing Receivable, Unpaid Principal Balance, Total | $ 7,100 | $ 6,000 |
Impaired Financing Receivable, Recorded Investment, Total | 4,100 | $ 2,900 |
Commercial Business Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount | $ 47 |
Foreclosed Real Estate (Details
Foreclosed Real Estate (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Real Estate Properties [Line Items] | ||
Foreclosed real estate | $ 1,494 | $ 1,627 |
Residential real estate | ||
Real Estate Properties [Line Items] | ||
Foreclosed real estate | 1,148 | 1,132 |
Commercial real estate | ||
Real Estate Properties [Line Items] | ||
Foreclosed real estate | 126 | 126 |
Construction and land development | ||
Real Estate Properties [Line Items] | ||
Foreclosed real estate | 0 | 149 |
Commercial business | ||
Real Estate Properties [Line Items] | ||
Foreclosed real estate | $ 220 | $ 220 |
Intangibles and Acquisition R_3
Intangibles and Acquisition Related Accounting (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Current period | $ 25 |
Core Deposits [Member] | |
Current period | 211 |
Remainder 2019 | 745 |
2020 | 994 |
2021 | 994 |
2022 | 983 |
2023 | 962 |
2024 | 919 |
2025 | 261 |
Total | 6,069 |
First Federal | Core Deposits [Member] | |
Current period | 3 |
Remainder 2019 | 9 |
2020 | 12 |
2021 | 12 |
2022 | 1 |
2023 | 0 |
2024 | 0 |
2025 | 0 |
Total | 37 |
Liberty Savings | Core Deposits [Member] | |
Current period | 14 |
Remainder 2019 | 44 |
2020 | 58 |
2021 | 58 |
2022 | 58 |
2023 | 38 |
2024 | 0 |
2025 | 0 |
Total | 270 |
First Personal | Core Deposits [Member] | |
Current period | 119 |
Remainder 2019 | 356 |
2020 | 475 |
2021 | 475 |
2022 | 475 |
2023 | 475 |
2024 | 470 |
2025 | 0 |
Total | 2,845 |
AJ Smith [Member] | Core Deposits [Member] | |
Current period | 75 |
Remainder 2019 | 336 |
2020 | 449 |
2021 | 449 |
2022 | 449 |
2023 | 449 |
2024 | 449 |
2025 | 261 |
Total | $ 2,917 |
Intangibles and Acquisition R_4
Intangibles and Acquisition Related Accounting (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Indefinite-lived Intangible Assets [Line Items] | ||||
Goodwill | $ 10,744 | $ 8,170 | ||
Amortization of Intangible Assets | 25 | |||
Scenario, Forecast [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Finite-Lived Intangible Assets, Amortization Expense, Next Rolling Twelve Months | $ 114 | |||
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two | $ 34 | |||
First Federal Acquisition [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Goodwill | 2,600 | |||
First Federal Savings Loan [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Goodwill | 5,400 | |||
Liberty Savings Bank [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Goodwill | $ 2,000 | |||
First Personal Bank [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Finite-Lived Intangible Asset, Useful Life | 8 months | |||
First Personal Bank [Member] | Fair Value Premium [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Amortization of Intangible Assets | $ 133 | |||
First Personal Bank [Member] | Loans Receivable [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Amortization of Intangible Assets | 48 | |||
First Personal Bank [Member] | During 2019 [Member] | Loans Receivable [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Accretion (Amortization) of Discounts and Premiums, Investments | 5 | |||
AJSB [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Goodwill | 804 | |||
Finite-Lived Core Deposits, Gross | $ 2,900 | |||
Finite-Lived Intangible Asset, Useful Life | 14 months | |||
Amortization of Intangible Assets | $ 174 | |||
Core Deposits [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Amortization of Intangible Assets | 211 | |||
Core Deposits [Member] | First Federal Acquisition [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Finite-Lived Core Deposits, Gross | $ 93 | |||
Finite-Lived Intangible Asset, Useful Life | 7 years 10 months 24 days | |||
Core Deposits [Member] | First Federal Savings Loan [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Amortization of Intangible Assets | $ 3 | |||
Core Deposits [Member] | Liberty Savings Bank [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Amortization of Intangible Assets | 14 | |||
Core Deposits [Member] | First Personal Bank [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Finite-Lived Core Deposits, Gross | $ 3,000 | |||
Finite-Lived Intangible Asset, Useful Life | 6 years 4 months 24 days | |||
Amortization of Intangible Assets | $ 119 | |||
Core Deposits [Member] | AJSB [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Finite-Lived Intangible Asset, Useful Life | 6 years 6 months | |||
Liberty Savings [Member] | First Federal Acquisition [Member] | ||||
Indefinite-lived Intangible Assets [Line Items] | ||||
Goodwill | $ 10,700 | |||
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 |
Earnings per Share (Details)
Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Basic earnings per common share: | ||
Net income available to common stockholders | $ 2,222 | $ 2,561 |
Weighted average common shares outstanding | 3,343,183 | 2,867,413 |
Basic earnings per common share | $ 0.66 | $ 0.89 |
Diluted earnings per common share: | ||
Net income available to common stockholders | $ 2,222 | $ 2,561 |
Weighted average common shares outstanding | 3,343,183 | 2,867,413 |
Weighted average common and dilutive potential common shares outstanding | 3,343,183 | 2,867,413 |
Diluted earnings per common share | $ 0.66 | $ 0.89 |
Stock Based Compensation (Detai
Stock Based Compensation (Details) - Employee Stock Option [Member] - $ / shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares - Nonvested, Beginning Balance (in shares) | 27,423 | 30,690 |
Shares - Granted (in shares) | 7,407 | 4,433 |
Shares - Vested (in shares) | (3,302) | (7,700) |
Shares - Forfeited (in shares) | 0 | 0 |
Shares - Nonvested, Ending Balance (in shares) | 31,528 | 27,423 |
Weighted-Average Grant Date Fair Value - Nonvested, Beginning Balance (in dollars per share) | $ 32.58 | $ 28.51 |
Weighted-Average Grant Date Fair Value - Granted (in dollars per share) | 43 | 43.50 |
Weighted-Average Grant Date Fair Value - Vested (in dollars per share) | 27.26 | 22.64 |
Weighted-Average Grant Date Fair Value - Forfeited (in dollars per share) | 0 | 0 |
Weighted-Average Grant Date Fair Value - Nonvested, Ending Balance (in dollars per share) | $ 35.58 | $ 32.58 |
Stock Based Compensation (Det_2
Stock Based Compensation (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
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 | 7,407 | 4,433 |
Allocated Share-based Compensation Expense | $ 71,000 | $ 52,000 |
Share-based Compensation Expense, Estimated for Remainder of Fiscal Year | 0.3 | |
Share-based Compensation Expense, Estimated for Year Two | 213,000 | |
Share-based Compensation Expense Estimated For Year Three | 251,000 | |
Share-based Compensation Expense Estimated For Year Four | 155,000 | |
Share-based Compensation Expense Estimated For Year Five | 20,000 | |
Share based Compensation Expense Estimated future compensation total | $ 639,000 |
Fair Value (Details)
Fair Value (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | |
Ending balance, December 31, 2018 | $ 235 |
Additions not previously recognized | 0 |
Ending balance, March 31, 2019 | $ 235 |
Fair Value (Details 1)
Fair Value (Details 1) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | $ 251,331 | $ 241,768 | |
Fair Value, Inputs, Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 4,254 | 2,480 | |
Fair Value, Inputs, Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 244,998 | 237,239 | |
Fair Value, Inputs, Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 2,079 | 2,049 | |
Fair Value Measurements [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 241,768 | $ 251,331 | |
Fair Value Measurements [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 2,480 | 4,254 | |
Fair Value Measurements [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 237,239 | 244,998 | |
Fair Value Measurements [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 2,049 | $ 2,079 | |
Money Market Funds [Member] | Fair Value Measurements [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 4,254 | 2,480 | |
Money Market Funds [Member] | Fair Value Measurements [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 4,254 | 2,480 | |
Money Market Funds [Member] | Fair Value Measurements [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 [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 securities [Member] | Fair Value Measurements [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 86,845 | 94,064 | |
Municipal securities [Member] | Fair Value Measurements [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 securities [Member] | Fair Value Measurements [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 86,845 | 94,064 | |
Municipal securities [Member] | Fair Value Measurements [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 | |
U.S. government sponsored entities [Member] | Fair Value Measurements [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 14,953 | 7,894 | |
U.S. government sponsored entities [Member] | Fair Value Measurements [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 | |
U.S. government sponsored entities [Member] | Fair Value Measurements [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 14,953 | 7,894 | |
U.S. government sponsored entities [Member] | Fair Value Measurements [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 obligations and residential mortgage-backed securities [Member] | Fair Value Measurements [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 142,606 | 135,281 | |
Collateralized mortgage obligations and residential mortgage-backed securities [Member] | Fair Value Measurements [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 obligations and residential mortgage-backed securities [Member] | Fair Value Measurements [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 142,606 | 135,281 | |
Collateralized mortgage obligations and residential mortgage-backed securities [Member] | Fair Value Measurements [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 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 2,079 | 2,049 | |
Collateralized Debt Obligations [Member] | Fair Value Measurements [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 [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 [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 2,079 | 2,049 | |
US Treasury Securities [Member] | Fair Value Measurements [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 594 | 0 | |
US Treasury Securities [Member] | Fair Value Measurements [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 Treasury Securities [Member] | Fair Value Measurements [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Available-for-sale securities | 594 | 0 | |
US Treasury Securities [Member] | Fair Value Measurements [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 |
Fair Value (Details 2)
Fair Value (Details 2) - Collateralized Debt Obligations [Member] - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Beginning balance | $ 2,049 | $ 3,439 |
Principal payments | (12) | (51) |
Total unrealized gains, included in other comprehensive income | 42 | (36) |
Sale out of Level 3 | 0 | (1,303) |
Ending balance | $ 2,079 | $ 2,049 |
Fair Value (Details 3)
Fair Value (Details 3) - Fair Value Measurements [Member] - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Impaired loans [Member] | ||
Fair Value Asset Measured On Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | $ 6,606 | $ 5,536 |
Foreclosed real estate [Member] | ||
Fair Value Asset Measured On Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 1,494 | 1,627 |
Fair Value, Inputs, Level 1 [Member] | Impaired loans [Member] | ||
Fair Value Asset Measured On Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 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 | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Impaired loans [Member] | ||
Fair Value Asset Measured On Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 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 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Impaired loans [Member] | ||
Fair Value Asset Measured On Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 6,606 | 5,536 |
Fair Value, Inputs, Level 3 [Member] | Foreclosed real estate [Member] | ||
Fair Value Asset Measured On Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | $ 1,494 | $ 1,627 |
Fair Value (Details 4)
Fair Value (Details 4) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financial assets, Carrying value: | ||
Cash and cash equivalents - Carrying Value | $ 60,764 | $ 17,139 |
Certificates of deposit in other financial institutions -Carrying Value | 2,215 | 2,024 |
Securities available-for-sale - Carrying Value | 251,331 | 241,768 |
Loans held-for-sale - Carrying Value | 2,966 | 2,863 |
Loans receivable, net - Carrying Value | 856,759 | 756,438 |
Federal Home Loan Bank stock - Carrying Value | 3,971 | 3,460 |
Accrued interest receivable - Carrying Value | 4,062 | 3,632 |
Financial liabilities, Carrying value: | ||
Non-interest bearing deposits - Carrying Value | 177,317 | 127,277 |
Interest bearing deposits - Carrying Value | 924,336 | 802,509 |
Repurchase agreements - Carrying Value | 12,691 | 11,628 |
Borrowed funds - Carrying Value | 20,000 | 43,000 |
Accrued interest payable - Carrying Value | 166 | 186 |
Financial assets, Fair value: | ||
Cash and cash equivalents - Estimated Fair Value | 60,764 | 17,139 |
Certificates of deposit in other financial institutions - Estimated Fair Value | 2,181 | 2,001 |
Securities available-for-sale - Estimated Fair Value | 251,331 | 241,768 |
Loans held-for-sale - Estimated Fair Value | 3,023 | 2,910 |
Loans receivable, net - Estimated Fair Value | 853,675 | 747,553 |
Federal Home Loan Bank stock - Estimated Fair Value | 3,971 | 3,460 |
Accrued interest receivable - Estimated Fair Value | 4,062 | 3,632 |
Financial liabilities, Fair value: | ||
Non-interest bearing deposits - Estimated Fair Value | 177,317 | 127,277 |
Interest bearing deposits - Estimated Fair Value | 922,383 | 800,349 |
Repurchase agreements - Estimated Fair Value | 12,689 | 11,626 |
Borrowed funds - Estimated Fair Value | 19,989 | 42,888 |
Accrued interest payable - Estimated Fair Value | 166 | 186 |
Fair Value, Inputs, Level 1 [Member] | ||
Financial assets, Fair value: | ||
Cash and cash equivalents - Estimated Fair Value | 60,764 | 17,139 |
Certificates of deposit in other financial institutions - Estimated Fair Value | 0 | 0 |
Securities available-for-sale - Estimated Fair Value | 4,254 | 2,480 |
Loans held-for-sale - Estimated Fair Value | 3,023 | 2,910 |
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 | 177,317 | 127,277 |
Interest bearing deposits - Estimated Fair Value | 617,684 | 543,617 |
Repurchase agreements - Estimated Fair Value | 10,927 | 9,867 |
Borrowed funds - Estimated Fair Value | 0 | 0 |
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 |
Certificates of deposit in other financial institutions - Estimated Fair Value | 2,181 | 2,001 |
Securities available-for-sale - Estimated Fair Value | 244,998 | 237,239 |
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 | 3,971 | 3,460 |
Accrued interest receivable - Estimated Fair Value | 4,062 | 3,632 |
Financial liabilities, Fair value: | ||
Non-interest bearing deposits - Estimated Fair Value | 0 | 0 |
Interest bearing deposits - Estimated Fair Value | 304,699 | 256,732 |
Repurchase agreements - Estimated Fair Value | 1,762 | 1,759 |
Borrowed funds - Estimated Fair Value | 19,989 | 42,888 |
Accrued interest payable - Estimated Fair Value | 166 | 186 |
Fair Value, Inputs, Level 3 [Member] | ||
Financial assets, Fair value: | ||
Cash and cash equivalents - Estimated Fair Value | 0 | 0 |
Certificates of deposit in other financial institutions - Estimated Fair Value | 0 | 0 |
Securities available-for-sale - Estimated Fair Value | 2,079 | 2,049 |
Loans held-for-sale - Estimated Fair Value | 0 | 0 |
Loans receivable, net - Estimated Fair Value | 853,675 | 747,553 |
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 | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Values of Financial Instruments [Line Items] | ||
Available-for-sale Securities, Amortized Cost Basis | $ 3,500 | |
Unpaid Principal Balance | 6,900 | $ 5,800 |
Impaired Financing Receivable, Reserve | 265 | 246 |
Impaired Financing Receivable, Fair Value | $ 6,600 | $ 5,500 |