Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | Apr. 25, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | HMN FINANCIAL INC | |
Entity Central Index Key | 921,183 | |
Trading Symbol | hmnf | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 4,495,258 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and cash equivalents | $ 12,489 | $ 27,561 |
Mortgage-backed and related securities (amortized cost $785 and $993) | 797 | 1,005 |
Other marketable securities (amortized cost $78,812 and $78,846) | 77,751 | 77,472 |
Total, fair value | 78,548 | 78,477 |
Loans held for sale | 2,430 | 2,009 |
Loans receivable, net | 565,040 | 551,171 |
Accrued interest receivable | 2,417 | 2,626 |
Real estate, net | 642 | 611 |
Federal Home Loan Bank stock, at cost | 817 | 770 |
Mortgage servicing rights, net | 1,624 | 1,604 |
Premises and equipment, net | 8,121 | 8,223 |
Goodwill | 802 | 802 |
Core deposit intangible | 429 | 454 |
Prepaid expenses and other assets | 1,800 | 1,768 |
Deferred tax asset, net | 5,822 | 5,947 |
Total assets | 680,981 | 682,023 |
Liabilities and Stockholders’ Equity | ||
Deposits | 591,376 | 592,811 |
Other Borrowings | 7,000 | 7,000 |
Accrued interest payable | 205 | 236 |
Customer escrows | 1,513 | 1,011 |
Accrued expenses and other liabilities | 3,487 | 5,046 |
Total liabilities | 603,581 | 606,104 |
Commitments and contingencies | ||
Stockholders’ equity: | ||
Serial preferred stock ($.01 par value): authorized 500,000 shares; none issued or outstanding | 0 | 0 |
Common stock ($.01 par value): authorized 16,000,000; issued shares 9,128,662 | 91 | 91 |
Additional paid-in capital | 50,430 | 50,566 |
Retained earnings, subject to certain restrictions | 88,102 | 86,886 |
Accumulated other comprehensive loss | (632) | (820) |
Unearned employee stock ownership plan shares | (2,175) | (2,223) |
Treasury stock, at cost 4,633,404 and 4,639,739 shares | (58,416) | (58,581) |
Total stockholders’ equity | 77,400 | 75,919 |
Total liabilities and stockholders’ equity | $ 680,981 | $ 682,023 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Mortgage-backed and related securities amortized cost | $ 785 | $ 993 |
Other marketable securities, amortized cost | $ 78,812 | $ 78,846 |
Serial preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Serial preferred stock, authorized (in shares) | 500,000 | 500,000 |
Serial preferred stock, issued (in shares) | 0 | 0 |
Serial preferred stock, outstanding (in shares) | 0 | 0 |
Common stock, authorized (in shares) | 16,000,000 | 16,000,000 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, issued shares (in shares) | 9,128,662 | 9,128,662 |
Treasury stock, shares (in shares) | 4,633,404 | 4,639,739 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Interest income: | ||
Loans receivable | $ 6,360 | $ 6,094 |
Securities available for sale: | ||
Mortgage-backed and related | 7 | 20 |
Other marketable | 268 | 372 |
Cash equivalents | 23 | 38 |
Other | 2 | 1 |
Total interest income | 6,660 | 6,525 |
Interest expense: | ||
Deposits | 292 | 226 |
Federal Home Loan Bank advances and other borrowings | 115 | 148 |
Total interest expense | 407 | 374 |
Net interest income | 6,253 | 6,151 |
Provision for losses | (270) | (732) |
Net interest income after provision for loan losses | 6,523 | 6,883 |
Non-interest income: | ||
Fees and service charges | 825 | 779 |
Loan servicing fees | 301 | 261 |
Gain on sales of loans | 519 | 487 |
Other | 236 | 228 |
Total non-interest income | 1,881 | 1,755 |
Compensation and benefits | 3,944 | 3,695 |
Gains on real estate owned | (6) | (349) |
Occupancy and equipment | 1,040 | 990 |
Data processing | 291 | 273 |
Professional services | 259 | 251 |
Other | 819 | 831 |
Total non-interest expense | 6,347 | 5,691 |
Income before income tax expense | 2,057 | 2,947 |
Income tax expense | 841 | 1,173 |
Net income | 1,216 | 1,774 |
Other comprehensive income, net of tax | 188 | 138 |
Comprehensive income available to common shareholders | $ 1,404 | $ 1,912 |
Basic earnings per share (in dollars per share) | $ 0.29 | $ 0.43 |
Diluted earnings per share (in dollars per share) | $ 0.25 | $ 0.38 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Equity (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($) $ in Thousands | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Unearned Employee Stock Ownership Plan Shares [Member] | Treasury Stock [Member] | Total |
Balance at Dec. 31, 2016 | $ 91 | $ 50,566 | $ 86,886 | $ (820) | $ (2,223) | $ (58,581) | $ 75,919 | $ 75,919 |
Net income | 1,216 | 1,216 | 1,216 | |||||
Other comprehensive income, net of tax | 188 | 188 | 188 | |||||
Stock compensation expense | 10 | 10 | ||||||
Restricted stock awards | (219) | 219 | 0 | |||||
Stock awards withheld for tax withholding | (54) | (54) | ||||||
Amortization of restricted stock awards | 36 | 36 | ||||||
Earned employee stock ownership plan shares | 37 | 48 | 85 | |||||
Balance at Mar. 31, 2017 | $ 91 | $ 50,430 | $ 88,102 | $ (632) | $ (2,175) | $ (58,416) | $ 77,400 | $ 77,400 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash flows from operating activities: | ||
Net income | $ 1,216,000 | $ 1,774,000 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Provision for loan losses | (270,000) | (732,000) |
Depreciation | 233,000 | 195,000 |
Amortization of discounts, net | 0 | (8,000) |
Amortization of deferred loan fees | (40,000) | (383,000) |
Amortization of core deposit intangible | 149,000 | 151,000 |
Amortization of fair value adjustments on purchased assets and liabilities | (24,000) | (171,000) |
Amortization of mortgage servicing rights | 124,000 | 132,000 |
Capitalized mortgage servicing rights | (144,000) | (89,000) |
Gain on sales of real estate owned | (6,000) | (349,000) |
Gain on sales of loans | (519,000) | (487,000) |
Proceeds from sale of loans held for sale | 20,958,000 | 16,494,000 |
Disbursements on loans held for sale | (15,856,000) | (12,303,000) |
Amortization of restricted stock awards | 36,000 | 49,000 |
Amortization of unearned employee stock ownership plan shares | 48,000 | 49,000 |
Earned employee stock ownership plan shares priced above original cost | 37,000 | 12,000 |
Stock option compensation expense | 10,000 | 20,000 |
Decrease in accrued interest receivable | 209,000 | 120,000 |
Decrease in accrued interest payable | (31,000) | (12,000) |
Decrease in other assets | 26,000 | 205,000 |
(Decrease) increase in other liabilities | (1,569,000) | 77,000 |
Other, net | 10,000 | 16,000 |
Net cash provided by operating activities | 4,473,000 | 4,628,000 |
Cash flows from investing activities: | ||
Principal collected on securities available for sale | 234,000 | 307,000 |
Proceeds collected on maturities of securities available for sale | 5,000,000 | 56,020,000 |
Purchases of securities available for sale | (4,999,000) | (49,968,000) |
Purchase of Federal Home Loan Bank stock | (667,000) | (79,000) |
Redemption of Federal Home Loan Bank stock | 620,000 | 0 |
Proceeds from sales of real estate | 15,000 | 1,305,000 |
Net increase in loans receivable | (18,626,000) | (30,779,000) |
Purchases of premises and equipment | (138,000) | (309,000) |
Net cash used by investing activities | (18,561,000) | (23,503,000) |
Cash flows from financing activities: | ||
Decrease in deposits | (1,432,000) | (7,869,000) |
Stock awards repurchased for tax withholding | (54,000) | 0 |
Proceeds from borrowings | 15,500,000 | 0 |
Repayment of borrowings | (15,500,000) | 0 |
Increase in customer escrows | 502,000 | 728,000 |
Net cash used by financing activities | (984,000) | (7,141,000) |
Decrease in cash and cash equivalents | (15,072,000) | (26,016,000) |
Cash and cash equivalents, beginning of period | 27,561,000 | 39,782,000 |
Cash and cash equivalents, end of period | 12,489,000 | 13,766,000 |
Supplemental cash flow disclosures: | ||
Cash paid for interest | 438,000 | 387,000 |
Cash paid for income taxes | 1,765,000 | 156,000 |
Supplemental noncash flow disclosures: | ||
Loans transferred to loans held for sale | 5,054,000 | 4,408,000 |
Transfer of loans to real estate | 40,000 | 591,000 |
Core Deposits [Member] | ||
Adjustments to reconcile net income to cash provided by operating activities: | ||
Amortization of core deposit intangible | $ 25,000 | $ 19,000 |
Note 1 - HMN Financial, Inc.
Note 1 - HMN Financial, Inc. | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | (1) HMN Financial, Inc. HMN Financial, Inc. (HMN or the Company) is a stock savings bank holding company that owns 100 two does business as Home Federal Investment Services and offers financial planning products and services, and HFSB Property Holdings, LLC (HPH), which is currently inactive, but has acted as an intermediary for the Bank in holding and operating certain foreclosed properties. The consolidated financial statements included herein are for HMN, the Bank , OIA and HPH. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain amounts in the consolidated financial statements for the prior year have been reclassified to conform to the current year presentation. |
Note 2 - Basis of Preparation
Note 2 - Basis of Preparation | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | (2) Basis of Preparation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10 , therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of comprehensive income, consolidated statement of stockholders' equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles (GAAP). However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the three March 31, 2017 may |
Note 3 - New Accounting Standar
Note 3 - New Accounting Standards | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | (3) New Accounting Standards In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10) December 15, 2017, first 2018 In February 2016, 2016 02, Leases (Topic 842) . Topic 842 , Leases Topic 840, may December 15, 2018, first 2019 In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326): December 15, 2019, may December 15, 2018, first 2020 In August 2016, 2016 15, Statement of Cash Flows (Topic 230): 230 eight zero December 15, 2017, first 2018 In January 2017, 2017 03, Accounting Changes and Error Corrections (Topic 250) – Equity Method and Joint Ventures (Topic 323). September 22, 2016 November 17, 2016 September 2014 09, Revenue from Contracts with Customers (Topic 606) 2016 02, Leases (Topic 842) 2016 13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments November 2014 01, Investments-Equity Method and Joint Ventures (Topic 323); A ccounting for Investments in Qualified Affordable Housing Projects. In January 2017, 2017 04, Intangibles-Goodwill and Other (Topic 350): two second one two December 15, 2019, January 1, 2017. fourth 2020 In March 2017, 2017 0 8, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20): on Purchased Callable Debt Securities . December 15, 2018 first 2019 |
Note 4 - Fair Value Measurement
Note 4 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | ( 4 ) Fair Value Measurements ASC 820, Fair Value Measurements , three Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets that the Company has the ability to access. Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which significant assumptions are observable in the market. Level 3 – Valuation is generated from model-based techniques that use significant assumptions not observable in the market and are used only to the extent that observable inputs are not available. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. The following table summarizes the assets of the Company for which fair values are determined on a recurring basis as of March 31, 2017 December 31, 2016. Carrying value at March 31, 201 7 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 78,548 0 78,548 0 Mortgage loan commitments 124 0 124 0 Total $ 78,672 0 78,672 0 Carrying value at December 31, 201 6 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 78,477 0 78,477 0 Mortgage loan commitments 66 0 66 0 Total $ 78,543 0 78,543 0 There were no transfers between Levels 1, 2, 3 three March 31, 201 7. The Company may be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of the lower-of-cost-or-market accounting or write-downs of individual assets. For assets measured at fair value on a nonrecurring basis that were still held at March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016. Carrying value at March 31, 20 17 (Dollars in thousands) Total Level 1 Level 2 Level 3 Three months ended March 31, 201 7 t otal gains (losses) Loans held for sale $ 2,430 0 2,430 0 18 Mortgage servicing rights , net 1,624 0 1,624 0 0 Loans (1) 4,028 0 4,028 0 9 Real estate, net (2) 642 0 642 0 0 Total $ 8,724 0 8,724 0 27 Carrying value at December 31, 2016 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year ended December 31, 2016 total gains (losses) Loans held for sale $ 2,009 0 2,009 0 14 Mortgage servicing rights , net 1,604 0 1,604 0 0 Loans (1) 3,582 0 3,582 0 (380 ) Real estate, net (2) 611 0 611 0 (197 ) Total $ 7,806 0 7,806 0 (563 ) (1) Represents carrying value and related write-downs of loans for which adjustments are based on the appraised value of the collateral. The carrying value of loans fully charged-off is zero (2) Represents the fair value and related losses of foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets. |
Note 5 - Fair Value of Financia
Note 5 - Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Financial Instruments Disclosure [Text Block] | ( 5 ) Fair Value of Financial Instruments Generally accepted accounting principles require interim reporting period disclosure about the fair value of financial instruments, including assets, liabilities and off-balance sheet items for which it is practicable to estimate fair value. The fair value hierarchy level for each asset and liability, as defined in Note 4, March 31, 2017 December 31, 2016. March 31, 2017 December 31, 2016 March 31, 201 7 December 31, 201 6 Fair value hierarchy Fair value hierarchy (Dollars in thousands) Carrying amount Estimated fair value Level 1 Level 2 Level 3 Contract amount Carrying amount Estimated fair value Level 1 Level 2 Level 3 Contract amount Financial assets: Cash and cash equivalents $ 12,489 12,489 12,489 27,561 27,561 27,561 Securities available for sale 78,548 78,548 78,548 78,477 78,477 78,477 Loans held for sale 2,430 2,430 2,430 2,009 2,009 2,009 Loans receivable, net 565,040 566,244 566,244 551,171 552,395 552,395 Federal Home Loan Bank stock 817 817 817 770 770 770 Accrued interest receivable 2,417 2,417 2,417 2,626 2,626 2,626 Financial liabilities: Deposits 591,376 591,859 591,859 592,811 593,297 593,297 Other borrowings 7,000 7,018 7,018 7,000 7,018 7,018 Accrued interest payable 205 205 205 236 236 236 Off-balance sheet financial instruments: Commitments to extend credit 124 124 205,170 66 66 184,596 Commitments to sell loans (32 ) (32 ) 11,934 (22 ) (22 ) 9,595 Cash and Cash Equivalents The carrying amount of cash and cash equivalents approximates their fair value. Securities Available for Sale The fair values of securities were based upon quoted market prices for identical or similar instruments in active markets. Loans Held for Sale The fair values of loans held for sale were based upon quoted market prices for loans with similar interest rates and terms to maturity. Loans Receivable , net The fair value of the loan portfolio, with the exception of the adjustable rate portfolio, was calculated by discounting the scheduled cash flows through the estimated maturity using anticipated prepayment speeds and using discount rates that reflect the credit and interest rate risk inherent in each loan portfolio. The fair value of the adjustable loan portfolio was estimated by grouping the loans with similar characteristics and comparing the characteristics of each group to the prices quoted for similar types of loans in the secondary Federal Home Loan Bank Stock The carrying amount of Federal Home Loan Bank (FHLB) stock approximates its fair value. Accrued Interest Receivable The carrying amount of accrued interest receivable approximates its fair value since it is short-term in nature and does not present unanticipated credit concerns. Deposits The fair value of demand deposits, savings accounts and certain money market account deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value estimate for deposits does not include the benefit that results from the low cost funding provided by the Company's existing deposits and long-term customer relationships compared to the cost of obtaining different sources of funding. This benefit is commonly referred to as the core deposit intangible. Other Borrow ings The fair values of other borrowings with fixed maturities are estimated based on discounted cash flow analysis using as discount rates the interest rates charged by the FHLB for borrowings of similar remaining maturities. Accrued Interest Payable The carrying amount of accrued interest payable approximates its fair value since it is short-term in nature. Commitments to Extend Credit The fair values of commitments to extend credit are estimated using the fees normally charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counter parties. Commitments to Sell Loans The fair values of commitments to sell loans are estimated using the quoted market prices for loans with similar interest rates and terms to maturity. |
Note 6 - Other Comprehensive In
Note 6 - Other Comprehensive Income | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | ( 6 ) Other Comprehensive Income Other comprehensive income is defined as the change in equity during a period from transactions and other events from nonowner sources. Comprehensive income is the total of net income and other comprehensive income, which for the Company is comprised of unrealized gains and losses on securities available for sale. The components of other comprehensive income and the related tax effects were as follows: For the period ended March 31, (Dollars in thousands) 20 17 20 16 Securities available for sale: Before tax Tax effect Net of tax Before tax Tax effect Net of tax Net unrealized gains arising during the period $ 313 125 188 229 91 138 Other comprehensive income $ 313 125 188 229 91 138 |
Note 7 - Securities Available f
Note 7 - Securities Available for Sale | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ( 7 ) Securities Available For Sale The following table shows the gross unrealized losses and fair value s for the securities available for sale portfolio, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2017 December 31, 2016. Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 201 7 Collateralized mortgage obligations: F ederal National Mortgage Association (FNMA) 1 $ 254 (1 ) 1 $ 63 (1 ) $ 317 (2 ) Other marketable securities: U.S. Government agency obligations 14 69,020 (958 ) 0 0 0 69,020 (958 ) Municipal obligations 8 1,128 (3 ) 0 0 0 1,128 (3 ) Corporate preferred stock 0 0 0 1 525 (175 ) 525 (175 ) Total temporarily impaired securities 23 $ 70,402 (962 ) 2 $ 588 (176 ) $ 70,990 (1,138 ) Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 201 6 Collateralized mortgage obligations: FNMA 1 $ 262 (3 ) 1 $ 104 (2 ) $ 366 (5 ) Other marketable securities: U.S. Government agency obligations 13 63,896 (1,079 ) 0 0 0 63,896 (1,079 ) Municipal obligations 14 2,327 (19 ) 2 214 (1 ) 2,541 (20 ) Corporate preferred stock 0 0 0 1 350 (350 ) 350 (350 ) Total temporarily impaired securities 28 $ 66,485 (1,101 ) 4 $ 668 (353 ) $ 67,153 (1,454 ) We review our investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the market liquidity for the investment, the financial condition and near-term prospects of the issuer, including any specific events which may The unrealized losses reported for corporate preferred stock over twelve March 31, 2017 five January 2015, April 2017, April 15, 2017. March 31, 2017. may A summary of securities available for sale at March 31, 201 7 December 31, 2016 (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value March 31, 201 7 Mortgage-backed securities: Federal Home Loan Mortgage Corporation (FHLMC) $ 251 9 0 260 FNMA 215 5 0 220 Collateralized mortgage obligations: FNMA 319 0 (2 ) 317 785 14 (2 ) 797 Other marketable securities: U.S. Government agency obligations 74,978 11 (958 ) 74,031 Municipal obligations 2,814 5 (3 ) 2,816 Corporate obligations 262 2 0 264 Corporate preferred stock 700 0 (175 ) 525 Corporate equity 58 57 0 115 78,812 75 (1,136 ) 77,751 $ 79,597 89 (1,138 ) 78,548 (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value December 31, 201 6 Mortgage-backed securities: FHLMC $ 327 10 0 337 FNMA 295 7 0 302 Collateralized mortgage obligations: FNMA 371 0 (5 ) 366 993 17 (5 ) 1,005 Other marketable securities: U.S. Government agency obligations 74,979 16 (1,079 ) 73,916 Municipal obligations 2,819 0 (20 ) 2,799 Corporate obligations 290 2 0 292 Corporate preferred stock 700 0 (350 ) 350 Corporate equity 58 57 0 115 78,846 75 (1,449 ) 77,472 $ 79,839 92 (1,454 ) 78,477 The following table indicates amortized cost and estimated fair value of securities available for sale at March 31, 2017 (Dollars in thousands) Amortized C ost Fair V alue Due less than one year $ 15,801 15,621 Due after one year through five years 62,688 61,937 Due after five years through ten years 249 249 Due after ten years 801 626 No stated maturity 58 115 Total $ 79,597 78,548 The allocation of mortgage-backed securities in the table above is based upon the anticipated future cash flow of the securities using estimated mortgage prepayment speeds . The allocation of other marketable securities that have to the expected call date if it is anticipated that the security will be called, or to the maturity date if it is not anticipated to be called. |
Note 8 - Loans Receivable, Net
Note 8 - Loans Receivable, Net | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ( 8 ) Loans Receivable, Net A summary of loans receivable at March 31, 201 7 December 31, 2016 (Dollars in thousands) March 31, 2017 December 31, 2016 Single family $ 106,204 103,255 Commercial real estate: Real estate rental and leasing 164,646 153,343 Other 148,878 145,737 313,524 299,080 Consumer 72,282 73,283 Commercial business: Transportation industry 10,345 10,509 Other 71,954 74,667 82,299 85,176 Total loans 574,309 560,794 Less: Unamortized discounts 20 20 Net deferred loan costs (341 ) (300 ) Allowance for loan losses 9,590 9,903 Total loans receivable, net $ 565,040 551,171 |
Note 9 - Allowance for Loan Los
Note 9 - Allowance for Loan Losses and Credit Quality Information | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Allowance For Loan Losses And Credit Quality Information [Text Block] | ( 9 ) Allowance for Loan Losses and Credit Quality Information The allowance for loan losses is summarized as follows: (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total Balance, December 31, 201 6 $ 1,186 4,953 1,613 2,151 9,903 Provision for losses (76 ) (90 ) (108 ) 4 (270 ) Charge-offs 0 0 (201 ) 0 (201 ) Recoveries 0 95 28 35 158 Balance, March 31, 201 7 $ 1,110 4,958 1,332 2,190 9,590 Balance, December 31, 2015 $ 990 6,078 1,200 1,441 9,709 Provision for losses 60 (823 ) 184 (153 ) (732 ) Charge-offs 0 0 (7 ) 0 (7 ) Recoveries 0 182 18 193 393 Balance, March 31, 2016 $ 1,050 5,437 1,395 1,481 9,363 Allocated to: Specific reserves $ 235 248 434 71 988 General reserves 951 4,705 1,179 2,080 8,915 Balance, December 31, 201 6 $ 1,186 4,953 1,613 2,151 9,903 Allocated to: Specific reserves $ 197 270 264 67 798 General reserves 913 4,688 1,068 2,123 8,792 Balance, March 31, 2017 $ 1,110 4,958 1,332 2,190 9,590 Loans receivable at December 31, 201 6: Individually reviewed for impairment $ 1,107 1,880 940 643 4,570 Collectively reviewed for impairment 102,148 297,200 72,343 84,533 556,224 Ending balance $ 103,255 299,080 73,283 85,176 560,794 Lo ans receivable at March 31, 2017: Individually reviewed for impairment $ 1,397 2,106 747 576 4,826 Collectively reviewed for impairment 104,807 311,418 71,535 81,723 569,483 Ending balance $ 106,204 313,524 72,282 82,299 574,309 The following table summarizes the amount of classified and unclassified loans at March 31, 201 7 December 31, 2016: March 31, 201 7 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 532 1,980 46 0 2,558 103,646 106,204 Commercial real estate: Real estate rental and leasing 9,444 3,372 0 0 12,816 151,830 164,646 Other 3,692 6,860 0 0 10,552 138,326 148,878 Consumer 0 486 107 154 747 71,535 72,282 Commercial business: Transportation industry 7 3,927 0 0 3,934 6,411 10,345 Other 8,127 3,154 0 0 11,281 60,673 71,954 $ 21,802 19,779 153 154 41,888 532,421 574,309 December 31, 201 6 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 457 2,130 74 0 2,661 100,594 103,255 Commercial real estate: Real estate rental and leasing 1,577 3,156 0 0 4,733 148,610 153,343 Other 1,702 7,187 0 0 8,889 136,848 145,737 Consumer 0 531 110 299 940 72,343 73,283 Commercial business: Transportation industry 0 4,065 0 0 4,065 6,444 10,509 Other 3,973 2,916 0 0 6,889 67,778 74,667 $ 7,709 19,985 184 299 28,177 532,617 560,794 Classified loans represent special mention, substandard (performing and non-performing), and non-performing loans categorized as doubtful and loss. Loans classified as special mention are loans that have potential weaknesses that, if left uncorrected, may may The aging of past due loans at March 31, 2017 December 31, 2016 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Loans Total Loans Loans 90 Days or More Past Due and Still Accruing March 31, 201 7 Single family $ 457 0 126 583 105,621 106,204 0 Commercial real estate: Real estate rental and leasing 259 0 0 259 164,387 164,646 0 Other 0 0 0 0 148,878 148,878 0 Consumer 262 57 300 619 71,663 72,282 0 Commercial business: Transportation industry 0 0 0 0 10,345 10,345 0 Other 14 0 226 240 71,714 71,954 0 $ 992 57 652 1,701 572,608 574,309 0 December 31, 2016 Single family $ 342 158 179 679 102,576 103,255 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 153,343 153,343 0 Other 0 0 0 0 145,737 145,737 0 Consumer 412 117 140 669 72,614 73,283 0 Commercial business: Transportation industry 0 0 0 0 10,509 10,509 0 Other 85 0 274 359 74,308 74,667 0 $ 839 275 593 1,707 559,087 560,794 0 Impaired loans include loans that are non-performing (non-accruing) and loans that have been modified in a troubled debt restructuring (TDR). The following table summarizes impaired loans and related allowances as of March 31, 2017 December 31, 2016: March 31, 2017 December 31, 201 6 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Loans with no related allowance recorded: Single family $ 533 533 0 217 217 0 Commercial real estate: Real estate rental and leasing 39 110 0 40 122 0 Other 26 1,682 0 26 1,771 0 Consumer 304 305 0 312 312 0 Commercial business: Other 226 301 0 274 356 0 Loans with an allowance recorded: Single family 864 864 197 890 890 235 Commercial real estate: Real estate rental and leasing 259 259 27 Other 1,782 1,782 243 1,814 1,814 248 Consumer 443 460 264 628 644 434 Commercial business: Other 350 902 67 369 921 71 Total: Single family 1,397 1,397 197 1,107 1,107 235 Commercial real estate: Real estate rental and leasing 298 369 27 40 122 0 Other 1,808 3,464 243 1,840 3,585 248 Consumer 747 765 264 940 956 434 Commercial business: Other 576 1,203 67 643 1,277 71 $ 4,826 7,198 798 4,570 7,047 988 The following table summarizes the average recorded investment and interest income recognized on impaired loans during the three March 31, 201 7 2016: March 31, 201 7 March 31, 201 6 Dollars in thousands) AveragRecorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 375 3 973 6 Commercial real estate: Real estate rental and leasing 40 0 44 1 Other 26 24 26 161 Consumer 308 3 489 1 Commercial business: Other 250 0 0 0 Loans with an allowance recorded: Single family 877 3 1,016 3 Commercial real estate: Real estate rental and leasing 130 0 0 0 Other 1,798 8 2,196 7 Consumer 536 1 521 3 Commercial business: Other 360 3 406 4 Total: Single family 1,252 6 1,989 9 Commercial real estate: Real estate rental and leasing 170 0 44 1 Other 1,824 32 2,222 168 Consumer 844 4 1,010 4 Commercial business: Other 610 3 406 4 $ 4,700 45 5,671 186 At March 31, 201 7 December 31, 2016, $3.4 $3.3 $0.6 $0.8 no $0.8 $0.7 March 31, 2017 December 31, 2016, T he non-accrual loans at March 31, 2017 December 31, 2016 (Dollars in thousands) March 31, 2017 December 31, 2016 Single family $ 1,073 $ 916 Commercial real estate: Real estate rental and leasing 298 41 Other 1,317 1,343 Consumer 453 630 Commercial business: Other 293 343 $ 3,434 $ 3,273 A t March 31, 2017 December 31, 2016, $3.6 $3.3 first 2017, $45,000 $0.5 March 31, 2017. first 2016, $31,000 $75,000 March 31, 2016. The following table summarizes troubled debt restructurings at March 31, 2017 December 31, 2016: March 31, 201 7 December, 31, 201 6 (Dollars in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Single f amily $ 325 587 912 191 257 448 Commercial real estate 491 1,260 1,751 497 1,277 1,774 Consumer 294 304 598 309 400 709 Commercial business 283 67 350 300 69 369 $ 1,393 2,218 3,611 1,297 2,003 3,300 As of March 31, 201 7, $0.7 75%. December 31, 2016, $0.4 TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal and/or interest due, or acceptance of real estate or other assets in full or partial satisfaction of the debt. Loan modifications are not reported as TDRs after twelve twelve When a loan is modified in a TDR, there may may three March 31, 2017 March 31, 2016. Three Months Ended March 31, 201 7 Three Months Ended March 31, 201 6 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt r estructurings: Single family 3 $ 282 514 0 $ 0 0 Consumer 2 45 45 6 106 107 Total 5 $ 327 559 6 $ 106 107 There were no oans that were restructured within the twelve March 31, 2017 March 31, 2016 three March 31, 2017 March 31, 2016. The Company considers a loan to have defaulted when it becomes 90 Loans that were non-accrual prior to modification remain on non-accrual status for at least six six may TDRs are reviewed for impairment following the same methodology as other impaired loans. For loans that are collateral -dependent, the value of the collateral is reviewed and additional reserves may may $0.6 6.1%, $9.6 March 31, 2017 $0.6 6.2%, $9.9 December 31, 2016. The following is additional information with respect to loans acquired through acquisitions: (Dollars in thousands) Contractual Principal Receivable Accretable Difference Net Carrying Amount Purchased performing loans: Balance at December 31, 2016 $ 16,742 (332 ) 16,410 Change due to payments/refinances (1,379 ) 25 (1,354 ) Balance at March 31, 2017 $ 15,363 (307 ) 15,056 (Dollars in thousands) Contractual Principal Receivable Non- Accretable Difference Net Carrying Amount Purchased credit impaired loans: Balance at December 31 , 2016 $ 435 (52 ) 383 Change due to payments/refinances (43 ) 4 (39 ) Balance at March 31, 201 7 $ 392 (48 ) 344 T he Company has loans for which there was at acquisition evidence of deterioration of credit quality since origination and for which it was probable at acquisition that all contractually required payments would not be collected. The carrying amount of those loans as of March 31, 2017 $0.3 No provision for loan losses was recognized during the period ended March 31, 201 7 |
Note 10 - Intangible Assets
Note 10 - Intangible Assets | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | ( 1 0 ) Intangible Assets The Company ’s intangible assets consist of core deposit intangibles, goodwill, and mortgage servicing rights. A summary of mortgage servicing activity is as follows: (Dollars in thousands) Three Months ended March 31, 201 7 Twelve Months ended December 31, 201 6 Three Months ended March 31, 201 6 Balance, beginning of period $ 1,604 1,499 1,499 Originations 144 706 89 Amortization (124 ) (601 ) (132 ) Balance, end of period $ 1,624 1,604 1,456 Fair value of mortgage servicing rights $ 3,043 2,952 2,427 All of the loans sold where the Company continues to service the loans are serviced for FNMA under the individual loan sale program. The following is a summary of the risk characteristics of the loans being serviced for FNMA at March 31, 2017. Weighted Weighted Loan Average Average Principal Interest Remaining Number (Dollars in thousands) Balance Rate Term (months) of Loans Original term 30 year fixed rate $ 244,936 4.07 % 304 2,002 Original term 15 year fixed rate 107,766 3.11 138 1,143 Adjustable rate 57 2.75 290 2 The gross carrying amount of intangible assets and the associated accumulated amortization at March 31, 2017 2016 $149,000 $151,000 three March 31, 2017 2016, March 31, 2017 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 4,046 (2,422 ) 1,624 Core deposit intangible 574 (145 ) 429 Goodwill 802 0 802 Total $ 5,422 (2,567 ) 2,855 March 31, 201 6 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 3,749 (2,293 ) 1,456 Core deposit intangible 420 (46 ) 374 Total $ 4,169 (2,339 ) 1,830 The following table indicates the estimated future amortization expense for intangible assets: (Dollars in thousands) Mortgage Servicing Rights Core Deposit Intangible Total Intangible Assets Year ending December 31, 201 7 $ 341 74 415 201 8 369 99 468 2019 317 99 416 2020 235 99 334 2021 184 47 231 Thereafter 178 11 189 Total $ 1,624 429 2,053 Projections of amortization are based on existing asset balances and the existing interest rate environment as of March 31, 20 17. may |
Note 11 - Earnings Per Common S
Note 11 - Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 1 1 ) Earnings per Common Share The following table reconciles the weighted average s hares outstanding and the earnings available to common shareholders used for basic and diluted earnings per common share: Three months ended March 31, (Dollars in thousands, except per share data) 201 7 201 6 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,203,587 4,166,003 Net dilutive effect of: Restricted stock awards , options and warrants 653,929 514,245 Weighted average number of shares outstanding adjusted for effect of dilutive securities 4,857,516 4,680,248 Income available to common shareholders $ 1,216 1,774 Basic earnings per common share $ 0.29 0.43 Diluted earnings per common share $ 0.25 0.38 |
Note 12 - Regulatory Capital an
Note 12 - Regulatory Capital and Oversight | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | (1 2 ) Regulatory Capital and Oversight Effective January 1, 2015 he capital requirements of the Bank were changed to implement the regulatory requirements of the Basel III capital reforms. The Basel III requirements, among other things, (i) apply a strengthened set of capital requirements to the Bank (the Company is exempt, pursuant to the Small Bank Holding Company Policy Statement (Policy Statement) described below), including requirements relating to common equity as a component of core capital, (ii) implement a “capital conservation buffer” against risk and a higher minimum tier 1 January 1, 2019. T he Federal Reserve Bank amended its Policy Statement, to exempt small bank holding companies from the above capital requirements, by raising the asset size threshold for determining applicability from $500 $1 Quantitative measures established by regulations to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table and defined in the regulation) of Common Equity Tier 1 1 1 T he Bank’s average total assets for the first 2017 $674.9 $673.7 $588.0 March 31, 2017 Actual Required to be Adequately Capitalized Excess Capital To Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Percent of Assets (1) Amount Percent of Assets (1) Amount Percent of Assets (1) Amount Percent of Assets (1) March 31, 2017 Common equity tier 1 capital $ 79,078 13.45 % $ 26,459 4.50 % $ 52,619 8.95 % $ 38,219 6.50 % Tier 1 leverage 79,078 11.74 26,946 4.00 52,132 7.74 33,683 5.00 Tier 1 risk-based capital 79,078 13.45 35,279 6.00 43,799 7.45 47,038 8.00 Total risk-based capital 86,457 14.70 47,038 8.00 39,419 6.70 58,798 10.00 Beginning in 2016, the Bank must maintain a capital conservation buffer composed of common equity tier 1 2017, 1.25%. 2019 2.50% Management believes that, as of March 31, 2017, . The Office of the Comptroller of the Currency has extensive discretion in its supervisory and enforcement activities, and can adjust the requirement to be “well-capitalized” in the future. |
Note 13 - Stockholders' Equity
Note 13 - Stockholders' Equity | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | (1 3 ) Stockholders’ Equity The Company's certificate of incorporation authorizes the issuance of up to 500,000 December 23, 2008, 26,000 Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the Preferred Stock) to the U.S. Department of the Treasury (Treasury). The Preferred Stock had a liquidation value of $1,000 warrant was also issued to purchase 833,333 $4.68 2008. On February 17, 2015, 10,000 May 21, 2015, $4.68 per share to three third $5.7 277,777.67 one 277,777.66 March 31, 2017 may December 23, 2018. |
Note 14 - Other Borrowings
Note 14 - Other Borrowings | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | (1 4 ) Other Borrowings On December 15, 2014, third $10.0 6.5 0% $1.0 December 15, 2015, December 15, 2021. may, one may $1.0 December 15, 2015 $2 December 15, 2016. $7.0 March 31, 2017 December 31, 2016. |
Note 15 - Commitments and Conti
Note 15 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | (1 5 ) Commitments and Contingencies The Bank issue s standby letters of credit which guarantee the performance of customers to third March 31, 2017 $1.9 36 may . |
Note 16 - Business Segments
Note 16 - Business Segments | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | (1 6 ) Business Segments The Bank has been identified as a reportable operating segment in accordance with the provisions of ASC 280. The Company evaluates performance and allocates resources based on the segment ’s net income, return on average assets and equity. Each corporation is managed separately with its own officers and board of directors, some of whom may The following table sets forth certain information about the reconciliations of reported profit and assets for each of the Company’s reportable segments. (Dollars in thousands) Home Federal Savings Bank Other Eliminations Consolidated Total At or for the quarter ended March 31, 201 7 : Interest income - external customers $ 6,660 0 0 6,660 Non-interest income - external customers 1,881 0 0 1,881 Intersegment non-interest income 53 1,418 (1,471 ) 0 Interest expense 294 113 0 407 Non-interest expense 6,213 187 (53 ) 6,347 Income tax expense (benefit) 939 (98 ) 0 841 Net income 1,418 1,216 (1,418 ) 1,216 Total assets 680,190 83,580 (82,789 ) 680,981 At or for the quarter ended March 31, 2016: Interest income - external customers $ 6,525 0 0 6,525 Non-interest income - external customers 1,755 0 0 1,755 Intersegment non-interest income 53 1,969 (2,022 ) 0 Interest expense 226 148 0 374 Non-interest expense 5,561 183 (53 ) 5,691 Income tax expense (benefit) 1,309 (136 ) 0 1,173 Net income 1,969 1,774 (1,969 ) 1,774 Total assets 637,104 80,868 (79,816 ) 638,156 |
Note 4 - Fair Value Measureme23
Note 4 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Carrying value at March 31, 201 7 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 78,548 0 78,548 0 Mortgage loan commitments 124 0 124 0 Total $ 78,672 0 78,672 0 Carrying value at December 31, 201 6 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 78,477 0 78,477 0 Mortgage loan commitments 66 0 66 0 Total $ 78,543 0 78,543 0 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Carrying value at March 31, 20 17 (Dollars in thousands) Total Level 1 Level 2 Level 3 Three months ended March 31, 201 7 t otal gains (losses) Loans held for sale $ 2,430 0 2,430 0 18 Mortgage servicing rights , net 1,624 0 1,624 0 0 Loans (1) 4,028 0 4,028 0 9 Real estate, net (2) 642 0 642 0 0 Total $ 8,724 0 8,724 0 27 Carrying value at December 31, 2016 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year ended December 31, 2016 total gains (losses) Loans held for sale $ 2,009 0 2,009 0 14 Mortgage servicing rights , net 1,604 0 1,604 0 0 Loans (1) 3,582 0 3,582 0 (380 ) Real estate, net (2) 611 0 611 0 (197 ) Total $ 7,806 0 7,806 0 (563 ) |
Note 5 - Fair Value of Financ24
Note 5 - Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 201 7 December 31, 201 6 Fair value hierarchy Fair value hierarchy (Dollars in thousands) Carrying amount Estimated fair value Level 1 Level 2 Level 3 Contract amount Carrying amount Estimated fair value Level 1 Level 2 Level 3 Contract amount Financial assets: Cash and cash equivalents $ 12,489 12,489 12,489 27,561 27,561 27,561 Securities available for sale 78,548 78,548 78,548 78,477 78,477 78,477 Loans held for sale 2,430 2,430 2,430 2,009 2,009 2,009 Loans receivable, net 565,040 566,244 566,244 551,171 552,395 552,395 Federal Home Loan Bank stock 817 817 817 770 770 770 Accrued interest receivable 2,417 2,417 2,417 2,626 2,626 2,626 Financial liabilities: Deposits 591,376 591,859 591,859 592,811 593,297 593,297 Other borrowings 7,000 7,018 7,018 7,000 7,018 7,018 Accrued interest payable 205 205 205 236 236 236 Off-balance sheet financial instruments: Commitments to extend credit 124 124 205,170 66 66 184,596 Commitments to sell loans (32 ) (32 ) 11,934 (22 ) (22 ) 9,595 |
Note 6 - Other Comprehensive 25
Note 6 - Other Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Comprehensive Income (Loss) [Table Text Block] | For the period ended March 31, (Dollars in thousands) 20 17 20 16 Securities available for sale: Before tax Tax effect Net of tax Before tax Tax effect Net of tax Net unrealized gains arising during the period $ 313 125 188 229 91 138 Other comprehensive income $ 313 125 188 229 91 138 |
Note 7 - Securities Available26
Note 7 - Securities Available for Sale (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 201 7 Collateralized mortgage obligations: F ederal National Mortgage Association (FNMA) 1 $ 254 (1 ) 1 $ 63 (1 ) $ 317 (2 ) Other marketable securities: U.S. Government agency obligations 14 69,020 (958 ) 0 0 0 69,020 (958 ) Municipal obligations 8 1,128 (3 ) 0 0 0 1,128 (3 ) Corporate preferred stock 0 0 0 1 525 (175 ) 525 (175 ) Total temporarily impaired securities 23 $ 70,402 (962 ) 2 $ 588 (176 ) $ 70,990 (1,138 ) Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 201 6 Collateralized mortgage obligations: FNMA 1 $ 262 (3 ) 1 $ 104 (2 ) $ 366 (5 ) Other marketable securities: U.S. Government agency obligations 13 63,896 (1,079 ) 0 0 0 63,896 (1,079 ) Municipal obligations 14 2,327 (19 ) 2 214 (1 ) 2,541 (20 ) Corporate preferred stock 0 0 0 1 350 (350 ) 350 (350 ) Total temporarily impaired securities 28 $ 66,485 (1,101 ) 4 $ 668 (353 ) $ 67,153 (1,454 ) |
Available-for-sale Securities [Table Text Block] | (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value March 31, 201 7 Mortgage-backed securities: Federal Home Loan Mortgage Corporation (FHLMC) $ 251 9 0 260 FNMA 215 5 0 220 Collateralized mortgage obligations: FNMA 319 0 (2 ) 317 785 14 (2 ) 797 Other marketable securities: U.S. Government agency obligations 74,978 11 (958 ) 74,031 Municipal obligations 2,814 5 (3 ) 2,816 Corporate obligations 262 2 0 264 Corporate preferred stock 700 0 (175 ) 525 Corporate equity 58 57 0 115 78,812 75 (1,136 ) 77,751 $ 79,597 89 (1,138 ) 78,548 (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value December 31, 201 6 Mortgage-backed securities: FHLMC $ 327 10 0 337 FNMA 295 7 0 302 Collateralized mortgage obligations: FNMA 371 0 (5 ) 366 993 17 (5 ) 1,005 Other marketable securities: U.S. Government agency obligations 74,979 16 (1,079 ) 73,916 Municipal obligations 2,819 0 (20 ) 2,799 Corporate obligations 290 2 0 292 Corporate preferred stock 700 0 (350 ) 350 Corporate equity 58 57 0 115 78,846 75 (1,449 ) 77,472 $ 79,839 92 (1,454 ) 78,477 |
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | (Dollars in thousands) Amortized C ost Fair V alue Due less than one year $ 15,801 15,621 Due after one year through five years 62,688 61,937 Due after five years through ten years 249 249 Due after ten years 801 626 No stated maturity 58 115 Total $ 79,597 78,548 |
Note 8 - Loans Receivable, Net
Note 8 - Loans Receivable, Net (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Summary of Loans Receivable [Table Text Block] | (Dollars in thousands) March 31, 2017 December 31, 2016 Single family $ 106,204 103,255 Commercial real estate: Real estate rental and leasing 164,646 153,343 Other 148,878 145,737 313,524 299,080 Consumer 72,282 73,283 Commercial business: Transportation industry 10,345 10,509 Other 71,954 74,667 82,299 85,176 Total loans 574,309 560,794 Less: Unamortized discounts 20 20 Net deferred loan costs (341 ) (300 ) Allowance for loan losses 9,590 9,903 Total loans receivable, net $ 565,040 551,171 |
Note 9 - Allowance for Loan L28
Note 9 - Allowance for Loan Losses and Credit Quality Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total Balance, December 31, 201 6 $ 1,186 4,953 1,613 2,151 9,903 Provision for losses (76 ) (90 ) (108 ) 4 (270 ) Charge-offs 0 0 (201 ) 0 (201 ) Recoveries 0 95 28 35 158 Balance, March 31, 201 7 $ 1,110 4,958 1,332 2,190 9,590 Balance, December 31, 2015 $ 990 6,078 1,200 1,441 9,709 Provision for losses 60 (823 ) 184 (153 ) (732 ) Charge-offs 0 0 (7 ) 0 (7 ) Recoveries 0 182 18 193 393 Balance, March 31, 2016 $ 1,050 5,437 1,395 1,481 9,363 Allocated to: Specific reserves $ 235 248 434 71 988 General reserves 951 4,705 1,179 2,080 8,915 Balance, December 31, 201 6 $ 1,186 4,953 1,613 2,151 9,903 Allocated to: Specific reserves $ 197 270 264 67 798 General reserves 913 4,688 1,068 2,123 8,792 Balance, March 31, 2017 $ 1,110 4,958 1,332 2,190 9,590 Loans receivable at December 31, 201 6: Individually reviewed for impairment $ 1,107 1,880 940 643 4,570 Collectively reviewed for impairment 102,148 297,200 72,343 84,533 556,224 Ending balance $ 103,255 299,080 73,283 85,176 560,794 Lo ans receivable at March 31, 2017: Individually reviewed for impairment $ 1,397 2,106 747 576 4,826 Collectively reviewed for impairment 104,807 311,418 71,535 81,723 569,483 Ending balance $ 106,204 313,524 72,282 82,299 574,309 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 201 7 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 532 1,980 46 0 2,558 103,646 106,204 Commercial real estate: Real estate rental and leasing 9,444 3,372 0 0 12,816 151,830 164,646 Other 3,692 6,860 0 0 10,552 138,326 148,878 Consumer 0 486 107 154 747 71,535 72,282 Commercial business: Transportation industry 7 3,927 0 0 3,934 6,411 10,345 Other 8,127 3,154 0 0 11,281 60,673 71,954 $ 21,802 19,779 153 154 41,888 532,421 574,309 December 31, 201 6 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 457 2,130 74 0 2,661 100,594 103,255 Commercial real estate: Real estate rental and leasing 1,577 3,156 0 0 4,733 148,610 153,343 Other 1,702 7,187 0 0 8,889 136,848 145,737 Consumer 0 531 110 299 940 72,343 73,283 Commercial business: Transportation industry 0 4,065 0 0 4,065 6,444 10,509 Other 3,973 2,916 0 0 6,889 67,778 74,667 $ 7,709 19,985 184 299 28,177 532,617 560,794 |
Past Due Financing Receivables [Table Text Block] | (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Loans Total Loans Loans 90 Days or More Past Due and Still Accruing March 31, 201 7 Single family $ 457 0 126 583 105,621 106,204 0 Commercial real estate: Real estate rental and leasing 259 0 0 259 164,387 164,646 0 Other 0 0 0 0 148,878 148,878 0 Consumer 262 57 300 619 71,663 72,282 0 Commercial business: Transportation industry 0 0 0 0 10,345 10,345 0 Other 14 0 226 240 71,714 71,954 0 $ 992 57 652 1,701 572,608 574,309 0 December 31, 2016 Single family $ 342 158 179 679 102,576 103,255 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 153,343 153,343 0 Other 0 0 0 0 145,737 145,737 0 Consumer 412 117 140 669 72,614 73,283 0 Commercial business: Transportation industry 0 0 0 0 10,509 10,509 0 Other 85 0 274 359 74,308 74,667 0 $ 839 275 593 1,707 559,087 560,794 0 |
Impaired Financing Receivables [Table Text Block] | March 31, 2017 December 31, 201 6 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Loans with no related allowance recorded: Single family $ 533 533 0 217 217 0 Commercial real estate: Real estate rental and leasing 39 110 0 40 122 0 Other 26 1,682 0 26 1,771 0 Consumer 304 305 0 312 312 0 Commercial business: Other 226 301 0 274 356 0 Loans with an allowance recorded: Single family 864 864 197 890 890 235 Commercial real estate: Real estate rental and leasing 259 259 27 Other 1,782 1,782 243 1,814 1,814 248 Consumer 443 460 264 628 644 434 Commercial business: Other 350 902 67 369 921 71 Total: Single family 1,397 1,397 197 1,107 1,107 235 Commercial real estate: Real estate rental and leasing 298 369 27 40 122 0 Other 1,808 3,464 243 1,840 3,585 248 Consumer 747 765 264 940 956 434 Commercial business: Other 576 1,203 67 643 1,277 71 $ 4,826 7,198 798 4,570 7,047 988 March 31, 201 7 March 31, 201 6 Dollars in thousands) AveragRecorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 375 3 973 6 Commercial real estate: Real estate rental and leasing 40 0 44 1 Other 26 24 26 161 Consumer 308 3 489 1 Commercial business: Other 250 0 0 0 Loans with an allowance recorded: Single family 877 3 1,016 3 Commercial real estate: Real estate rental and leasing 130 0 0 0 Other 1,798 8 2,196 7 Consumer 536 1 521 3 Commercial business: Other 360 3 406 4 Total: Single family 1,252 6 1,989 9 Commercial real estate: Real estate rental and leasing 170 0 44 1 Other 1,824 32 2,222 168 Consumer 844 4 1,010 4 Commercial business: Other 610 3 406 4 $ 4,700 45 5,671 186 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (Dollars in thousands) March 31, 2017 December 31, 2016 Single family $ 1,073 $ 916 Commercial real estate: Real estate rental and leasing 298 41 Other 1,317 1,343 Consumer 453 630 Commercial business: Other 293 343 $ 3,434 $ 3,273 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | March 31, 201 7 December, 31, 201 6 (Dollars in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Single f amily $ 325 587 912 191 257 448 Commercial real estate 491 1,260 1,751 497 1,277 1,774 Consumer 294 304 598 309 400 709 Commercial business 283 67 350 300 69 369 $ 1,393 2,218 3,611 1,297 2,003 3,300 |
Financial Effects of Troubled Debt Restructurings and Difference Between Outstanding Recorded Balance Pre Modification and Post Modification [Table Text Block] | Three Months Ended March 31, 201 7 Three Months Ended March 31, 201 6 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt r estructurings: Single family 3 $ 282 514 0 $ 0 0 Consumer 2 45 45 6 106 107 Total 5 $ 327 559 6 $ 106 107 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | (Dollars in thousands) Contractual Principal Receivable Accretable Difference Net Carrying Amount Purchased performing loans: Balance at December 31, 2016 $ 16,742 (332 ) 16,410 Change due to payments/refinances (1,379 ) 25 (1,354 ) Balance at March 31, 2017 $ 15,363 (307 ) 15,056 (Dollars in thousands) Contractual Principal Receivable Non- Accretable Difference Net Carrying Amount Purchased credit impaired loans: Balance at December 31 , 2016 $ 435 (52 ) 383 Change due to payments/refinances (43 ) 4 (39 ) Balance at March 31, 201 7 $ 392 (48 ) 344 |
Note 10 - Intangible Assets (Ta
Note 10 - Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Servicing Liability at Amortized Cost [Table Text Block] | (Dollars in thousands) Three Months ended March 31, 201 7 Twelve Months ended December 31, 201 6 Three Months ended March 31, 201 6 Balance, beginning of period $ 1,604 1,499 1,499 Originations 144 706 89 Amortization (124 ) (601 ) (132 ) Balance, end of period $ 1,624 1,604 1,456 Fair value of mortgage servicing rights $ 3,043 2,952 2,427 |
Summary of Risk Characteristics of Loans Being Serviced [Table Text Block] | Weighted Weighted Loan Average Average Principal Interest Remaining Number (Dollars in thousands) Balance Rate Term (months) of Loans Original term 30 year fixed rate $ 244,936 4.07 % 304 2,002 Original term 15 year fixed rate 107,766 3.11 138 1,143 Adjustable rate 57 2.75 290 2 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | March 31, 2017 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 4,046 (2,422 ) 1,624 Core deposit intangible 574 (145 ) 429 Goodwill 802 0 802 Total $ 5,422 (2,567 ) 2,855 March 31, 201 6 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 3,749 (2,293 ) 1,456 Core deposit intangible 420 (46 ) 374 Total $ 4,169 (2,339 ) 1,830 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (Dollars in thousands) Mortgage Servicing Rights Core Deposit Intangible Total Intangible Assets Year ending December 31, 201 7 $ 341 74 415 201 8 369 99 468 2019 317 99 416 2020 235 99 334 2021 184 47 231 Thereafter 178 11 189 Total $ 1,624 429 2,053 |
Note 11 - Earnings Per Common30
Note 11 - Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months ended March 31, (Dollars in thousands, except per share data) 201 7 201 6 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,203,587 4,166,003 Net dilutive effect of: Restricted stock awards , options and warrants 653,929 514,245 Weighted average number of shares outstanding adjusted for effect of dilutive securities 4,857,516 4,680,248 Income available to common shareholders $ 1,216 1,774 Basic earnings per common share $ 0.29 0.43 Diluted earnings per common share $ 0.25 0.38 |
Note 12 - Regulatory Capital 31
Note 12 - Regulatory Capital and Oversight (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Required to be Adequately Capitalized Excess Capital To Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Percent of Assets (1) Amount Percent of Assets (1) Amount Percent of Assets (1) Amount Percent of Assets (1) March 31, 2017 Common equity tier 1 capital $ 79,078 13.45 % $ 26,459 4.50 % $ 52,619 8.95 % $ 38,219 6.50 % Tier 1 leverage 79,078 11.74 26,946 4.00 52,132 7.74 33,683 5.00 Tier 1 risk-based capital 79,078 13.45 35,279 6.00 43,799 7.45 47,038 8.00 Total risk-based capital 86,457 14.70 47,038 8.00 39,419 6.70 58,798 10.00 |
Note 16 - Business Segments (Ta
Note 16 - Business Segments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | (Dollars in thousands) Home Federal Savings Bank Other Eliminations Consolidated Total At or for the quarter ended March 31, 201 7 : Interest income - external customers $ 6,660 0 0 6,660 Non-interest income - external customers 1,881 0 0 1,881 Intersegment non-interest income 53 1,418 (1,471 ) 0 Interest expense 294 113 0 407 Non-interest expense 6,213 187 (53 ) 6,347 Income tax expense (benefit) 939 (98 ) 0 841 Net income 1,418 1,216 (1,418 ) 1,216 Total assets 680,190 83,580 (82,789 ) 680,981 At or for the quarter ended March 31, 2016: Interest income - external customers $ 6,525 0 0 6,525 Non-interest income - external customers 1,755 0 0 1,755 Intersegment non-interest income 53 1,969 (2,022 ) 0 Interest expense 226 148 0 374 Non-interest expense 5,561 183 (53 ) 5,691 Income tax expense (benefit) 1,309 (136 ) 0 1,173 Net income 1,969 1,774 (1,969 ) 1,774 Total assets 637,104 80,868 (79,816 ) 638,156 |
Note 1 - HMN Financial, Inc. (D
Note 1 - HMN Financial, Inc. (Details Textual) | 3 Months Ended |
Mar. 31, 2017 | |
Percentage Of Ownership In Subsidiaries | 100.00% |
Number Of Wholly Owned Subsidiaries | 2 |
Note 4 - Fair Value Measureme34
Note 4 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable, Net Amount | $ 565,040 | $ 551,171 |
Fully Charged Off [Member] | ||
Loans and Leases Receivable, Net Amount | $ 0 | $ 0 |
Note 4 - Fair Value Measureme35
Note 4 - Fair Value Measurements - Fair Value, Assets and Liabilities Measured on Recurring basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities available for sale | $ 78,548 | $ 78,477 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 78,548 | 78,477 |
Mortgage loan commitments | 124 | 66 |
Total | 78,672 | 78,543 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Mortgage loan commitments | 0 | 0 |
Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 78,548 | 78,477 |
Mortgage loan commitments | 124 | 66 |
Total | 78,672 | 78,543 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
Mortgage loan commitments | 0 | 0 |
Total | $ 0 | $ 0 |
Note 4 - Fair Value Measureme36
Note 4 - Fair Value Measurements - Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | ||
Asset fair value | $ 8,724 | $ 7,806 | |
Fair value gain (loss) | 27 | (563) | |
Fair Value, Inputs, Level 1 [Member] | |||
Asset fair value | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | |||
Asset fair value | 8,724 | 7,806 | |
Fair Value, Inputs, Level 3 [Member] | |||
Asset fair value | 0 | 0 | |
Loans Held for Sale [Member] | |||
Asset fair value | 2,430 | 2,009 | |
Fair value gain (loss) | 18 | 14 | |
Loans Held for Sale [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Asset fair value | 0 | 0 | |
Loans Held for Sale [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Asset fair value | 2,430 | 2,009 | |
Loans Held for Sale [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Asset fair value | 0 | 0 | |
Mortgage Servicing Rights [Member] | |||
Asset fair value | 1,624 | 1,604 | |
Fair value gain (loss) | 0 | 0 | |
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Asset fair value | 0 | 0 | |
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Asset fair value | 1,624 | 1,604 | |
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Asset fair value | 0 | 0 | |
Loans Receivable [Member] | |||
Asset fair value | [1] | 4,028 | 3,582 |
Fair value gain (loss) | [1] | 9 | (380) |
Loans Receivable [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Asset fair value | [1] | 0 | 0 |
Loans Receivable [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Asset fair value | [1] | 4,028 | 3,582 |
Loans Receivable [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Asset fair value | [1] | 0 | 0 |
Real Estate Net [Member] | |||
Asset fair value | [2] | 642 | 611 |
Fair value gain (loss) | [2] | 0 | (197) |
Real Estate Net [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Asset fair value | [2] | 0 | 0 |
Real Estate Net [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Asset fair value | [2] | 642 | 611 |
Real Estate Net [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Asset fair value | [2] | $ 0 | $ 0 |
[1] | Represents carrying value and related write-downs of loans for which adjustments are based on the appraised value of the collateral. The carrying value of loans fully charged-off is zero. | ||
[2] | Represents the fair value and related losses on foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets. |
Note 5 - Fair Value of Financ37
Note 5 - Fair Value of Financial Instruments - Estimated Fair Value of Company's Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Dec. 15, 2014 |
Cash and cash equivalents | $ 12,489 | $ 27,561 | $ 13,766 | $ 39,782 | |
Securities available for sale | 78,548 | 78,477 | |||
Loans and Leases Receivable, Net Amount | 565,040 | 551,171 | |||
Federal Home Loan Bank stock | 817 | 770 | |||
Deposits | 591,376 | 592,811 | |||
Other Borrowings | 7,000 | 7,000 | $ 10,000 | ||
Reported Value Measurement [Member] | |||||
Cash and cash equivalents | 12,489 | 27,561 | |||
Securities available for sale | 78,548 | 78,477 | |||
Loans held for sale | 2,430 | 2,009 | |||
Loans and Leases Receivable, Net Amount | 565,040 | 551,171 | |||
Federal Home Loan Bank stock | 817 | 770 | |||
Accrued interest receivable | 2,417 | 2,626 | |||
Deposits | 591,376 | 592,811 | |||
Other Borrowings | 7,000 | 7,000 | |||
Accrued interest payable | 205 | 236 | |||
Commitments to extend credit | 124 | 66 | |||
Commitments to sell loans | (32) | (22) | |||
Estimate of Fair Value Measurement [Member] | |||||
Cash and cash equivalents | 12,489 | 27,561 | |||
Securities available for sale | 78,548 | 78,477 | |||
Loans held for sale | 2,430 | 2,009 | |||
Loans and Leases Receivable, Net Amount | 566,244 | 552,395 | |||
Federal Home Loan Bank stock | 817 | 770 | |||
Accrued interest receivable | 2,417 | 2,626 | |||
Deposits | 591,859 | 593,297 | |||
Other Borrowings | 7,018 | 7,018 | |||
Accrued interest payable | 205 | 236 | |||
Commitments to extend credit | 124 | 66 | |||
Commitments to sell loans | (32) | (22) | |||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Cash and cash equivalents | 12,489 | 27,561 | |||
Securities available for sale | |||||
Loans held for sale | |||||
Loans and Leases Receivable, Net Amount | |||||
Federal Home Loan Bank stock | |||||
Accrued interest receivable | |||||
Deposits | |||||
Other Borrowings | |||||
Accrued interest payable | |||||
Commitments to extend credit | |||||
Commitments to sell loans | |||||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Cash and cash equivalents | |||||
Securities available for sale | 78,548 | 78,477 | |||
Loans held for sale | 2,430 | 2,009 | |||
Loans and Leases Receivable, Net Amount | 566,244 | 552,395 | |||
Federal Home Loan Bank stock | 817 | 770 | |||
Accrued interest receivable | 2,417 | 2,626 | |||
Deposits | 591,859 | 593,297 | |||
Other Borrowings | 7,018 | 7,018 | |||
Accrued interest payable | 205 | 236 | |||
Commitments to extend credit | |||||
Commitments to sell loans | |||||
Portion at Other than Fair Value Measurement [Member] | |||||
Cash and cash equivalents | |||||
Securities available for sale | |||||
Loans held for sale | |||||
Loans and Leases Receivable, Net Amount | |||||
Federal Home Loan Bank stock | |||||
Accrued interest receivable | |||||
Deposits | |||||
Other Borrowings | |||||
Accrued interest payable | |||||
Commitments to extend credit | 205,170 | 184,596 | |||
Commitments to sell loans | $ 11,934 | $ 9,595 |
Note 6 - Other Comprehensive 38
Note 6 - Other Comprehensive Income - Components of Other Comprehensive (Loss) Income and Related Tax Effects (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net unrealized gains (losses) arising during the period, before tax | $ 313 | $ 229 |
Net unrealized gains (losses) arising during the period, tax effect | 125 | 91 |
Net unrealized gains (losses) arising during the period, net of tax | 188 | 138 |
Other comprehensive income (loss), before tax | 313 | 229 |
Other comprehensive income (loss), tax effect | 125 | 91 |
Other comprehensive income (loss), net of tax | $ 188 | $ 138 |
Note 7 - Securities Available39
Note 7 - Securities Available for Sale (Details Textual) | 3 Months Ended |
Mar. 31, 2017 | |
Defer Interest Payments Number Of Period | 5 years |
Note 7 - Securities Available40
Note 7 - Securities Available for Sale - Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands | Mar. 31, 2017USD ($) | Dec. 31, 2016USD ($) |
Less Than Twelve Months # of Investments | 23 | 28 |
Less Than Twelve Months Fair Value | $ 70,402 | $ 66,485 |
Less Than Twelve Months Unrealized Losses | $ (962) | $ (1,101) |
Twelve Months or More # of Investments | 2 | 4 |
Twelve Months or More Fair Value | $ 588 | $ 668 |
Twelve Months or More Unrealized Losses | (176) | (353) |
Total Fair Value | 70,990 | 67,153 |
Total Unrealized Losses | $ (1,138) | $ (1,454) |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Collateralized Debt Obligations [Member] | ||
Less Than Twelve Months # of Investments | 1 | 1 |
Less Than Twelve Months Fair Value | $ 254 | $ 262 |
Less Than Twelve Months Unrealized Losses | $ (1) | $ (3) |
Twelve Months or More # of Investments | 1 | 1 |
Twelve Months or More Fair Value | $ 63 | $ 104 |
Twelve Months or More Unrealized Losses | (1) | (2) |
Total Fair Value | 317 | 366 |
Total Unrealized Losses | $ (2) | $ (5) |
US Government Agencies Debt Securities [Member] | Other Marketable Securities [Member] | ||
Less Than Twelve Months # of Investments | 14 | 13 |
Less Than Twelve Months Fair Value | $ 69,020 | $ 63,896 |
Less Than Twelve Months Unrealized Losses | $ (958) | $ (1,079) |
Twelve Months or More # of Investments | 0 | 0 |
Twelve Months or More Fair Value | $ 0 | $ 0 |
Twelve Months or More Unrealized Losses | 0 | 0 |
Total Fair Value | 69,020 | 63,896 |
Total Unrealized Losses | $ (958) | $ (1,079) |
US States and Political Subdivisions Debt Securities [Member] | Other Marketable Securities [Member] | ||
Less Than Twelve Months # of Investments | 8 | 14 |
Less Than Twelve Months Fair Value | $ 1,128 | $ 2,327 |
Less Than Twelve Months Unrealized Losses | $ (3) | $ (19) |
Twelve Months or More # of Investments | 0 | 2 |
Twelve Months or More Fair Value | $ 0 | $ 214 |
Twelve Months or More Unrealized Losses | 0 | (1) |
Total Fair Value | 1,128 | 2,541 |
Total Unrealized Losses | $ (3) | $ (20) |
Preferred Stock [Member] | Other Marketable Securities [Member] | ||
Less Than Twelve Months # of Investments | 0 | 0 |
Less Than Twelve Months Fair Value | $ 0 | $ 0 |
Less Than Twelve Months Unrealized Losses | $ 0 | $ 0 |
Twelve Months or More # of Investments | 1 | 1 |
Twelve Months or More Fair Value | $ 525 | $ 350 |
Twelve Months or More Unrealized Losses | (175) | (350) |
Total Fair Value | 525 | 350 |
Total Unrealized Losses | $ (175) | $ (350) |
Note 7 - Securities Available41
Note 7 - Securities Available for Sale - Summary of Securities Available for Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Amortized cost | $ 79,597 | $ 79,839 |
Gross unrealized gains | 89 | 92 |
Gross unrealized losses | (1,138) | (1,454) |
Fair value | 78,548 | 78,477 |
Securities available for sale | 78,548 | 78,477 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Amortized cost | 251 | 327 |
Gross unrealized gains | 9 | 10 |
Gross unrealized losses | 0 | 0 |
Fair value | 260 | 337 |
Securities available for sale | 260 | 337 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Amortized cost | 215 | 295 |
Gross unrealized gains | 5 | 7 |
Gross unrealized losses | 0 | 0 |
Fair value | 220 | 302 |
Securities available for sale | 220 | 302 |
Collateralized Mortgage Obligations [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Amortized cost | 319 | 371 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | (2) | (5) |
Fair value | 317 | 366 |
Securities available for sale | 317 | 366 |
Collateralized Mortgage Backed Securities [Member] | ||
Amortized cost | 785 | 993 |
Gross unrealized gains | 14 | 17 |
Gross unrealized losses | (2) | (5) |
Fair value | 797 | 1,005 |
Securities available for sale | 797 | 1,005 |
Other Marketable Securities [Member] | ||
Amortized cost | 78,812 | 78,846 |
Gross unrealized gains | 75 | 75 |
Gross unrealized losses | (1,136) | (1,449) |
Fair value | 77,751 | 77,472 |
Securities available for sale | 77,751 | 77,472 |
Other Marketable Securities [Member] | US Government Agencies Debt Securities [Member] | ||
Amortized cost | 74,978 | 74,979 |
Gross unrealized gains | 11 | 16 |
Gross unrealized losses | (958) | (1,079) |
Fair value | 74,031 | 73,916 |
Securities available for sale | 74,031 | 73,916 |
Other Marketable Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 2,814 | 2,819 |
Gross unrealized gains | 5 | 0 |
Gross unrealized losses | (3) | (20) |
Fair value | 2,816 | 2,799 |
Securities available for sale | 2,816 | 2,799 |
Other Marketable Securities [Member] | Corporate Debt Securities [Member] | ||
Amortized cost | 262 | 290 |
Gross unrealized gains | 2 | 2 |
Gross unrealized losses | 0 | 0 |
Fair value | 264 | 292 |
Securities available for sale | 264 | 292 |
Other Marketable Securities [Member] | Preferred Stock [Member] | ||
Amortized cost | 700 | 700 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | (175) | (350) |
Fair value | 525 | 350 |
Securities available for sale | 525 | 350 |
Other Marketable Securities [Member] | Equity Securities [Member] | ||
Amortized cost | 58 | 58 |
Gross unrealized gains | 57 | 57 |
Gross unrealized losses | 0 | 0 |
Fair value | 115 | 115 |
Securities available for sale | $ 115 | $ 115 |
Note 7 - Securities Available42
Note 7 - Securities Available for Sale - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Due less than one year, amortized cost | $ 15,801 | |
Due less than one year, fair value | 15,621 | |
Due after one year through five years, amortized cost | 62,688 | |
Due after one year through five years, fair value | 61,937 | |
Due after five years through ten years, amortized cost | 249 | |
Due after five years through ten years, fair value | 249 | |
Due after ten years, amortized cost | 801 | |
Due after ten years, fair value | 626 | |
No stated maturity, amortized cost | 58 | |
No stated maturity, fair value | 115 | |
Total, amortized cost | 79,597 | $ 79,839 |
Total, fair value | $ 78,548 | $ 78,477 |
Note 8 - Loans Receivable, Ne43
Note 8 - Loans Receivable, Net - Loans Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Loans and leases receivable, gross carrying amount | $ 574,309 | $ 560,794 | ||
Unamortized discounts | 20 | 20 | ||
Net deferred loan costs | (341) | (300) | ||
Allowance for loan losses | 9,590 | 9,903 | $ 9,363 | $ 9,709 |
Total loans receivable, net | 565,040 | 551,171 | ||
Residential Portfolio Segment [Member] | ||||
Loans and leases receivable, gross carrying amount | 106,204 | 103,255 | ||
Allowance for loan losses | 1,110 | 1,186 | 1,050 | 990 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans and leases receivable, gross carrying amount | 313,524 | 299,080 | ||
Allowance for loan losses | 4,958 | 4,953 | 5,437 | 6,078 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Loans and leases receivable, gross carrying amount | 164,646 | 153,343 | ||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||
Loans and leases receivable, gross carrying amount | 148,878 | 145,737 | ||
Consumer Portfolio Segment [Member] | ||||
Loans and leases receivable, gross carrying amount | 72,282 | 73,283 | ||
Allowance for loan losses | 1,332 | 1,613 | 1,395 | 1,200 |
Commercial Portfolio Segment [Member] | ||||
Loans and leases receivable, gross carrying amount | 82,299 | 85,176 | ||
Allowance for loan losses | 2,190 | 2,151 | $ 1,481 | $ 1,441 |
Commercial Portfolio Segment [Member] | Transportation Industry Loans [Member] | ||||
Loans and leases receivable, gross carrying amount | 10,345 | 10,509 | ||
Commercial Portfolio Segment [Member] | Commercial Business Other [Member] | ||||
Loans and leases receivable, gross carrying amount | $ 71,954 | $ 74,667 |
Note 9 - Allowance for Loan L44
Note 9 - Allowance for Loan Losses and Credit Quality Information (Details Textual) | 3 Months Ended | |||
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | $ 3,434,000 | $ 3,273,000 | ||
Impaired Financing Receivable, Related Allowance | 798,000 | 988,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Provision for Loan Losses | 0 | |||
Loan Receivable For Which Value Of Collateral Sufficient To Repay | 800,000 | 700,000 | ||
Financing Receivable, Modifications, Recorded Investment | 3,611,000 | 3,300,000 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 700,000 | 400,000 | ||
Loan to Value Ration | 75.00% | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | ||
Allowance for Credit Losses, Change in Method of Calculating Impairment | $ 600,000 | $ 600,000 | ||
Percentage Reserves For Loan Losses On Troubled Debt Restructurings | 6.10% | 6.20% | ||
Loans and Leases Receivable, Allowance | $ 9,590,000 | $ 9,363,000 | $ 9,903,000 | $ 9,709,000 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 300,000 | |||
Nonperforming Financial Instruments [Member] | ||||
Impaired Financing Receivable, Related Allowance | 600,000 | 800,000 | ||
Financing Receivable, Modifications, Recorded Investment | 2,218,000 | 2,003,000 | ||
Nonperforming Financial Instruments [Member] | Classified [Member] | ||||
Financing Receivable, Modifications, Recorded Investment | 500,000 | 75,000 | ||
Performing Financial Instruments [Member] | ||||
Financing Receivable, Modifications, Recorded Investment | 1,393,000 | $ 1,297,000 | ||
Performing Financial Instruments [Member] | Classified [Member] | ||||
Financing Receivable, Modifications, Recorded Investment | $ 45,000 | $ 31,000 |
Note 9 - Allowance for Loan L45
Note 9 - Allowance for Loan Losses and Credit Quality Information - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Dec. 31, 2016 | |
Balance | $ 9,903 | $ 9,709 | ||
Provision for losses | (270) | (732) | ||
Charge-offs | (201) | (7) | ||
Recoveries | 158 | 393 | ||
Balance | 9,590 | 9,363 | ||
Specific reserves | $ 798 | $ 988 | ||
General reserves | 8,792 | 8,915 | ||
Allowance for loan losses | 9,590 | 9,709 | 9,590 | 9,903 |
Individually reviewed for impairment | 4,826 | 4,570 | ||
Collectively reviewed for impairment | 569,483 | 556,224 | ||
Ending balance | 574,309 | 560,794 | ||
Residential Portfolio Segment [Member] | ||||
Balance | 1,186 | 990 | ||
Provision for losses | (76) | 60 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Balance | 1,110 | 1,050 | ||
Specific reserves | 197 | 235 | ||
General reserves | 913 | 951 | ||
Allowance for loan losses | 1,186 | 990 | 1,110 | 1,186 |
Individually reviewed for impairment | 1,397 | 1,107 | ||
Collectively reviewed for impairment | 104,807 | 102,148 | ||
Ending balance | 106,204 | 103,255 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 4,953 | 6,078 | ||
Provision for losses | (90) | (823) | ||
Charge-offs | 0 | 0 | ||
Recoveries | 95 | 182 | ||
Balance | 4,958 | 5,437 | ||
Specific reserves | 270 | 248 | ||
General reserves | 4,688 | 4,705 | ||
Allowance for loan losses | 4,953 | 6,078 | 4,958 | 4,953 |
Individually reviewed for impairment | 2,106 | 1,880 | ||
Collectively reviewed for impairment | 311,418 | 297,200 | ||
Ending balance | 313,524 | 299,080 | ||
Consumer Portfolio Segment [Member] | ||||
Balance | 1,613 | 1,200 | ||
Provision for losses | (108) | 184 | ||
Charge-offs | (201) | (7) | ||
Recoveries | 28 | 18 | ||
Balance | 1,332 | 1,395 | ||
Specific reserves | 264 | 434 | ||
General reserves | 1,068 | 1,179 | ||
Allowance for loan losses | 1,613 | 1,200 | 1,332 | 1,613 |
Individually reviewed for impairment | 747 | 940 | ||
Collectively reviewed for impairment | 71,535 | 72,343 | ||
Ending balance | 72,282 | 73,283 | ||
Commercial Portfolio Segment [Member] | ||||
Balance | 2,151 | 1,441 | ||
Provision for losses | 4 | (153) | ||
Charge-offs | 0 | 0 | ||
Recoveries | 35 | 193 | ||
Balance | 2,190 | 1,481 | ||
Specific reserves | 67 | 71 | ||
General reserves | 2,123 | 2,080 | ||
Allowance for loan losses | $ 2,151 | $ 1,441 | 2,190 | 2,151 |
Individually reviewed for impairment | 576 | 643 | ||
Collectively reviewed for impairment | 81,723 | 84,533 | ||
Ending balance | $ 82,299 | $ 85,176 |
Note 9 - Allowance for Loan L46
Note 9 - Allowance for Loan Losses and Credit Quality Information - Classified and Unclassified Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans and leases receivable, gross carrying amount | $ 574,309 | $ 560,794 |
Classified [Member] | ||
Loans and leases receivable, gross carrying amount | 41,888 | 28,177 |
Classified [Member] | Special Mention [Member] | ||
Loans and leases receivable, gross carrying amount | 21,802 | 7,709 |
Classified [Member] | Substandard [Member] | ||
Loans and leases receivable, gross carrying amount | 19,779 | 19,985 |
Classified [Member] | Doubtful [Member] | ||
Loans and leases receivable, gross carrying amount | 153 | 184 |
Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans and leases receivable, gross carrying amount | 154 | 299 |
Unclassified [Member] | ||
Loans and leases receivable, gross carrying amount | 532,421 | 532,617 |
Residential Portfolio Segment [Member] | ||
Loans and leases receivable, gross carrying amount | 106,204 | 103,255 |
Residential Portfolio Segment [Member] | Classified [Member] | ||
Loans and leases receivable, gross carrying amount | 2,558 | 2,661 |
Residential Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | ||
Loans and leases receivable, gross carrying amount | 532 | 457 |
Residential Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | ||
Loans and leases receivable, gross carrying amount | 1,980 | 2,130 |
Residential Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | ||
Loans and leases receivable, gross carrying amount | 46 | 74 |
Residential Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Residential Portfolio Segment [Member] | Unclassified [Member] | ||
Loans and leases receivable, gross carrying amount | 103,646 | 100,594 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans and leases receivable, gross carrying amount | 313,524 | 299,080 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans and leases receivable, gross carrying amount | 164,646 | 153,343 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans and leases receivable, gross carrying amount | 148,878 | 145,737 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Real Estate Loan [Member] | ||
Loans and leases receivable, gross carrying amount | 12,816 | 4,733 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Commercial Real Estate Other [Member] | ||
Loans and leases receivable, gross carrying amount | 10,552 | 8,889 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Real Estate Loan [Member] | ||
Loans and leases receivable, gross carrying amount | 9,444 | 1,577 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Commercial Real Estate Other [Member] | ||
Loans and leases receivable, gross carrying amount | 3,692 | 1,702 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Real Estate Loan [Member] | ||
Loans and leases receivable, gross carrying amount | 3,372 | 3,156 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Commercial Real Estate Other [Member] | ||
Loans and leases receivable, gross carrying amount | 6,860 | 7,187 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Real Estate Loan [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Commercial Real Estate Other [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Real Estate Loan [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Real Estate Other [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Real Estate Loan [Member] | ||
Loans and leases receivable, gross carrying amount | 151,830 | 148,610 |
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Commercial Real Estate Other [Member] | ||
Loans and leases receivable, gross carrying amount | 138,326 | 136,848 |
Consumer Portfolio Segment [Member] | ||
Loans and leases receivable, gross carrying amount | 72,282 | 73,283 |
Consumer Portfolio Segment [Member] | Classified [Member] | ||
Loans and leases receivable, gross carrying amount | 747 | 940 |
Consumer Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Consumer Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | ||
Loans and leases receivable, gross carrying amount | 486 | 531 |
Consumer Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | ||
Loans and leases receivable, gross carrying amount | 107 | 110 |
Consumer Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans and leases receivable, gross carrying amount | 154 | 299 |
Consumer Portfolio Segment [Member] | Unclassified [Member] | ||
Loans and leases receivable, gross carrying amount | 71,535 | 72,343 |
Commercial Portfolio Segment [Member] | ||
Loans and leases receivable, gross carrying amount | 82,299 | 85,176 |
Commercial Portfolio Segment [Member] | Transportation Industry Loans [Member] | ||
Loans and leases receivable, gross carrying amount | 10,345 | 10,509 |
Commercial Portfolio Segment [Member] | Commercial Business Other [Member] | ||
Loans and leases receivable, gross carrying amount | 71,954 | 74,667 |
Commercial Portfolio Segment [Member] | Classified [Member] | Transportation Industry Loans [Member] | ||
Loans and leases receivable, gross carrying amount | 3,934 | 4,065 |
Commercial Portfolio Segment [Member] | Classified [Member] | Commercial Business Other [Member] | ||
Loans and leases receivable, gross carrying amount | 11,281 | 6,889 |
Commercial Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Transportation Industry Loans [Member] | ||
Loans and leases receivable, gross carrying amount | 7 | 0 |
Commercial Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Commercial Business Other [Member] | ||
Loans and leases receivable, gross carrying amount | 8,127 | 3,973 |
Commercial Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Transportation Industry Loans [Member] | ||
Loans and leases receivable, gross carrying amount | 3,927 | 4,065 |
Commercial Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Commercial Business Other [Member] | ||
Loans and leases receivable, gross carrying amount | 3,154 | 2,916 |
Commercial Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Transportation Industry Loans [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Commercial Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Commercial Business Other [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Commercial Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Transportation Industry Loans [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Commercial Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Business Other [Member] | ||
Loans and leases receivable, gross carrying amount | 0 | 0 |
Commercial Portfolio Segment [Member] | Unclassified [Member] | Transportation Industry Loans [Member] | ||
Loans and leases receivable, gross carrying amount | 6,411 | 6,444 |
Commercial Portfolio Segment [Member] | Unclassified [Member] | Commercial Business Other [Member] | ||
Loans and leases receivable, gross carrying amount | $ 60,673 | $ 67,778 |
Note 9 - Allowance for Loan L47
Note 9 - Allowance for Loan Losses and Credit Quality Information - Aging of Past Due Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans past due | $ 1,701 | $ 1,707 |
Current Loans | 572,608 | 559,087 |
Loans and leases receivable, gross carrying amount | 574,309 | 560,794 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Loans past due | 583 | 679 |
Current Loans | 105,621 | 102,576 |
Loans and leases receivable, gross carrying amount | 106,204 | 103,255 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans and leases receivable, gross carrying amount | 313,524 | 299,080 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 259 | 0 |
Current Loans | 164,387 | 153,343 |
Loans and leases receivable, gross carrying amount | 164,646 | 153,343 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 0 | 0 |
Current Loans | 148,878 | 145,737 |
Loans and leases receivable, gross carrying amount | 148,878 | 145,737 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans past due | 619 | 669 |
Current Loans | 71,663 | 72,614 |
Loans and leases receivable, gross carrying amount | 72,282 | 73,283 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans and leases receivable, gross carrying amount | 82,299 | 85,176 |
Commercial Portfolio Segment [Member] | Transportation Industry Loans [Member] | ||
Loans past due | 0 | 0 |
Current Loans | 10,345 | 10,509 |
Loans and leases receivable, gross carrying amount | 10,345 | 10,509 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Business Other [Member] | ||
Loans past due | 240 | 359 |
Current Loans | 71,714 | 74,308 |
Loans and leases receivable, gross carrying amount | 71,954 | 74,667 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 992 | 839 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 457 | 342 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 259 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 262 | 412 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Transportation Industry Loans [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Business Other [Member] | ||
Loans past due | 14 | 85 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 57 | 275 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 0 | 158 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 57 | 117 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Transportation Industry Loans [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Business Other [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | 652 | 593 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 126 | 179 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 300 | 140 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Transportation Industry Loans [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Commercial Business Other [Member] | ||
Loans past due | $ 226 | $ 274 |
Note 9 - Allowance for Loan L48
Note 9 - Allowance for Loan Losses and Credit Quality Information - Impaired Loans and Related Allowances (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Recorded investment | $ 4,826 | $ 4,570 | |
Unpaid principal balance | 7,198 | 7,047 | |
Specific reserves | 798 | 988 | |
Average recorded investment | 4,700 | $ 5,671 | |
Interest income recognized | 45 | 186 | |
Residential Portfolio Segment [Member] | |||
Recorded investment, with no related allowance | 533 | 217 | |
Unpaid principal balance, with no related allowance | 533 | 217 | |
Recorded investment, with related allowance | 864 | 890 | |
Unpaid principal balance, with related allowance | 864 | 890 | |
Recorded investment | 1,397 | 1,107 | |
Unpaid principal balance | 1,397 | 1,107 | |
Specific reserves | 197 | 235 | |
Average recorded investment, with no related allowance | 375 | 973 | |
Interest income recognized, with no related allowance | 3 | 6 | |
Average recorded investment, with related allowance | 877 | 1,016 | |
Interest income recognized, with related allowance | 3 | 3 | |
Average recorded investment | 1,252 | 1,989 | |
Interest income recognized | 6 | 9 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Specific reserves | 270 | 248 | |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Recorded investment, with no related allowance | 39 | 40 | |
Unpaid principal balance, with no related allowance | 110 | 122 | |
Recorded investment, with related allowance | 259 | ||
Unpaid principal balance, with related allowance | 259 | ||
Recorded investment | 298 | 40 | |
Unpaid principal balance | 369 | 122 | |
Specific reserves | 27 | 0 | |
Average recorded investment, with no related allowance | 40 | 44 | |
Interest income recognized, with no related allowance | 0 | 1 | |
Average recorded investment, with related allowance | 130 | 0 | |
Interest income recognized, with related allowance | 0 | 0 | |
Average recorded investment | 170 | 44 | |
Interest income recognized | 0 | 1 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | |||
Recorded investment, with no related allowance | 26 | 26 | |
Unpaid principal balance, with no related allowance | 1,682 | 1,771 | |
Recorded investment, with related allowance | 1,782 | 1,814 | |
Unpaid principal balance, with related allowance | 1,782 | 1,814 | |
Recorded investment | 1,808 | 1,840 | |
Unpaid principal balance | 3,464 | 3,585 | |
Specific reserves | 243 | 248 | |
Average recorded investment, with no related allowance | 26 | 26 | |
Interest income recognized, with no related allowance | 24 | 161 | |
Average recorded investment, with related allowance | 1,798 | 2,196 | |
Interest income recognized, with related allowance | 8 | 7 | |
Average recorded investment | 1,824 | 2,222 | |
Interest income recognized | 32 | 168 | |
Consumer Portfolio Segment [Member] | |||
Recorded investment, with no related allowance | 304 | 312 | |
Unpaid principal balance, with no related allowance | 305 | 312 | |
Recorded investment, with related allowance | 443 | 628 | |
Unpaid principal balance, with related allowance | 460 | 644 | |
Recorded investment | 747 | 940 | |
Unpaid principal balance | 765 | 956 | |
Specific reserves | 264 | 434 | |
Average recorded investment, with no related allowance | 308 | 489 | |
Interest income recognized, with no related allowance | 3 | 1 | |
Average recorded investment, with related allowance | 536 | 521 | |
Interest income recognized, with related allowance | 1 | 3 | |
Average recorded investment | 844 | 1,010 | |
Interest income recognized | 4 | 4 | |
Commercial Portfolio Segment [Member] | |||
Specific reserves | 67 | 71 | |
Commercial Portfolio Segment [Member] | Commercial Business Other [Member] | |||
Recorded investment, with no related allowance | 226 | 274 | |
Unpaid principal balance, with no related allowance | 301 | 356 | |
Recorded investment, with related allowance | 350 | 369 | |
Unpaid principal balance, with related allowance | 902 | 921 | |
Recorded investment | 576 | 643 | |
Unpaid principal balance | 1,203 | 1,277 | |
Specific reserves | 67 | $ 71 | |
Average recorded investment, with no related allowance | 250 | 0 | |
Interest income recognized, with no related allowance | 0 | 0 | |
Average recorded investment, with related allowance | 360 | 406 | |
Interest income recognized, with related allowance | 3 | 4 | |
Average recorded investment | 610 | 406 | |
Interest income recognized | $ 3 | $ 4 |
Note 9 - Allowance for Loan L49
Note 9 - Allowance for Loan Losses and Credit Quality Information - Non-accrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Non-accrual loans | $ 3,434 | $ 3,273 |
Residential Portfolio Segment [Member] | ||
Non-accrual loans | 1,073 | 916 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Non-accrual loans | 298 | 41 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Non-accrual loans | 1,317 | 1,343 |
Consumer Portfolio Segment [Member] | ||
Non-accrual loans | 453 | 630 |
Commercial Portfolio Segment [Member] | Commercial Business Other [Member] | ||
Non-accrual loans | $ 293 | $ 343 |
Note 9 - Allowance for Loan L50
Note 9 - Allowance for Loan Losses and Credit Quality Information - Trouble Debt Restructuring (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Troubled debt restructurings | $ 3,611,000 | $ 3,300,000 |
Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 1,393,000 | 1,297,000 |
Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 2,218,000 | 2,003,000 |
Residential Portfolio Segment [Member] | ||
Troubled debt restructurings | 912,000 | 448,000 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 325,000 | 191,000 |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 587,000 | 257,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt restructurings | 1,751,000 | 1,774,000 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 491,000 | 497,000 |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 1,260,000 | 1,277,000 |
Consumer Portfolio Segment [Member] | ||
Troubled debt restructurings | 598,000 | 709,000 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 294,000 | 309,000 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 304,000 | 400,000 |
Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings | 350,000 | 369,000 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 283,000 | 300,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | $ 67,000 | $ 69,000 |
Note 9 - Allowance for Loan L51
Note 9 - Allowance for Loan Losses and Credit Quality Information - Financial Effects of Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | |
Number of Contracts | 5 | 6 |
Pre- modification Outstanding Recorded Investment | $ 327 | $ 106 |
Post- modification Outstanding Recorded Investment | $ 559 | $ 107 |
Residential Portfolio Segment [Member] | ||
Number of Contracts | 3 | 0 |
Pre- modification Outstanding Recorded Investment | $ 282 | $ 0 |
Post- modification Outstanding Recorded Investment | $ 514 | $ 0 |
Consumer Portfolio Segment [Member] | ||
Number of Contracts | 2 | 6 |
Pre- modification Outstanding Recorded Investment | $ 45 | $ 106 |
Post- modification Outstanding Recorded Investment | $ 45 | $ 107 |
Note 9 - Allowance for Loan L52
Note 9 - Allowance for Loan Losses and Credit Quality Information - Purchased Loans Acquired Through Acquisition (Details) | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Carrying Amount | $ 300,000 |
Purchased Performing Loans [Member] | |
Contractual Principle Receivable | 16,742,000 |
Accretable Difference | (332,000) |
Carrying Amount | 16,410,000 |
Contractual Principle Receivable, change due to payments/refinances | (1,379,000) |
Accretable Difference, change due to payments/refinances | 25,000 |
Carrying Amount, change due to payments/refinances | (1,354,000) |
Contractual Principle Receivable | 15,363,000 |
Accretable Difference | (307,000) |
Carrying Amount | 15,056,000 |
Purchased Credit Impaired Loans [Member] | |
Contractual Principle Receivable | 435,000 |
Carrying Amount | 383,000 |
Contractual Principle Receivable, change due to payments/refinances | (43,000) |
Carrying Amount, change due to payments/refinances | (39,000) |
Contractual Principle Receivable | 392,000 |
Carrying Amount | 344,000 |
Non-accretable Difference | (52,000) |
Non-accretable Difference, change due to payments/refinances | 4,000 |
Non-accretable Difference | $ (48,000) |
Note 10 - Intangible Assets (De
Note 10 - Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Amortization of Intangible Assets | $ 149,000 | $ 151,000 |
Note 10 - Intangible Assets - M
Note 10 - Intangible Assets - Mortgage Servicing Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Balance, beginning of period | $ 1,604 | $ 1,499 | $ 1,499 |
Originations | 144 | 89 | 706 |
Amortization | (124) | (132) | (601) |
Balance, end of period | 1,624 | 1,456 | 1,604 |
Fair value of mortgage servicing rights | $ 3,043 | $ 2,427 | $ 2,952 |
Note 10 - Intangible Assets - R
Note 10 - Intangible Assets - Risk Characteristics of Loans Being Serviced (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Original Term Thirty Year Fixed Rate [Member] | |
Loan Principal Balance | $ 244,936 |
Weighted Average Interest Rate | 4.07% |
Weighted Average Remaining Term (Month) | 25 years 120 days |
Number of Loans | 2,002 |
Original Term Fifteen Year Fixed Rate [Member] | |
Loan Principal Balance | $ 107,766 |
Weighted Average Interest Rate | 3.11% |
Weighted Average Remaining Term (Month) | 11 years 180 days |
Number of Loans | 1,143 |
Adjustable Rate [Member] | |
Loan Principal Balance | $ 57 |
Weighted Average Interest Rate | 2.75% |
Weighted Average Remaining Term (Month) | 24 years 60 days |
Number of Loans | 2 |
Note 10 - Intangible Assets - G
Note 10 - Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Finite-lived intangible assets, gross carrying amount | $ 4,169 | ||
Finite-lived intangible assets, accumulated amortization | $ (2,567) | (2,339) | |
Finite-lived intangible assets, unamortized intangible assets | 2,053 | 1,830 | |
Goodwill | 802 | ||
Goodwill | 802 | $ 802 | |
Intangible assets (including goodwill), gross carrying amount | 5,422 | ||
Intangible assets, unamortized intangible assets | 2,855 | ||
Mortgage Servicing Rights [Member] | |||
Finite-lived intangible assets, gross carrying amount | 4,046 | 3,749 | |
Finite-lived intangible assets, accumulated amortization | (2,422) | (2,293) | |
Finite-lived intangible assets, unamortized intangible assets | 1,624 | 1,456 | |
Core Deposits [Member] | |||
Finite-lived intangible assets, gross carrying amount | 574 | 420 | |
Finite-lived intangible assets, accumulated amortization | (145) | (46) | |
Finite-lived intangible assets, unamortized intangible assets | $ 429 | $ 374 |
Note 10 - Intangible Assets - E
Note 10 - Intangible Assets - Estimated Future Amortization Expense for Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Mar. 31, 2016 |
2,017 | $ 415 | |
2,018 | 468 | |
2,019 | 416 | |
2,020 | 334 | |
2,021 | 231 | |
Thereafter | 189 | |
Total | 2,053 | $ 1,830 |
Mortgage Servicing Rights [Member] | ||
2,017 | 341 | |
2,018 | 369 | |
2,019 | 317 | |
2,020 | 235 | |
2,021 | 184 | |
Thereafter | 178 | |
Total | 1,624 | 1,456 |
Core Deposits [Member] | ||
2,017 | 74 | |
2,018 | 99 | |
2,019 | 99 | |
2,020 | 99 | |
2,021 | 47 | |
Thereafter | 11 | |
Total | $ 429 | $ 374 |
Note 11 - Earnings Per Common58
Note 11 - Earnings Per Common Share - Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Weighted average number of common shares outstanding used in basic earnings per common share calculation (in shares) | 4,203,587 | 4,166,003 |
Restricted stock awards, options and warrants (in shares) | 653,929 | 514,245 |
Weighted average number of shares outstanding adjusted for effect of dilutive securities (in shares) | 4,857,516 | 4,680,248 |
Income available to common shareholders | $ 1,216 | $ 1,774 |
Basic earnings per share (in dollars per share) | $ 0.29 | $ 0.43 |
Diluted earnings per share (in dollars per share) | $ 0.25 | $ 0.38 |
Note 12 - Regulatory Capital 59
Note 12 - Regulatory Capital and Oversight (Details Textual) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2019 | |
Banks Tangible Assets | $ 674.9 | |
Adjusted Assets | 673.7 | |
Risk Weighted Assets | $ 588 | |
Capital Conservation Buffer | 1.25% | |
Scenario, Forecast [Member] | ||
Capital Conservation Buffer | 2.50% |
Note 12 - Regulatory Capital 60
Note 12 - Regulatory Capital and Oversight - Capital Requirements under Banking Regulations (Details) $ in Thousands | Mar. 31, 2017USD ($) | |
Common equity tier 1 capital | $ 79,078 | |
Common equity tier 1 capital | 13.45% | [1] |
Common equity tier 1 capital | $ 26,459 | |
Common equity tier 1 capital | 4.50% | [1] |
Common equity tier 1 capital | $ 52,619 | |
Common equity tier 1 capital | 8.95% | [1] |
Common equity tier 1 capital | $ 38,219 | |
Common equity tier 1 capital | 6.50% | [1] |
Tier 1 leverage | $ 79,078 | |
Tier 1 leverage | 11.74% | [1] |
Tier 1 leverage | $ 26,946 | |
Tier 1 leverage | 4.00% | [1] |
Tier 1 leverage | $ 52,132 | |
Tier 1 leverage | 7.74% | [1] |
Tier 1 leverage | $ 33,683 | |
Tier 1 leverage | 5.00% | [1] |
Tier 1 risk-based capital | $ 79,078 | |
Tier 1 risk-based capital | 13.45% | [1] |
Tier 1 risk-based capital | $ 35,279 | |
Tier 1 risk-based capital | 6.00% | [1] |
Tier 1 risk-based capital | $ 43,799 | |
Tier 1 risk-based capital | 7.45% | [1] |
Tier 1 risk-based capital | $ 47,038 | |
Tier 1 risk-based capital | 8.00% | [1] |
Total risk-based capital | $ 86,457 | |
Total risk-based capital | 14.70% | [1] |
Total risk-based capital | $ 47,038 | |
Total risk-based capital | 8.00% | [1] |
Total risk-based capital | $ 39,419 | |
Total risk-based capital | 6.70% | [1] |
Total risk-based capital | $ 58,798 | |
Total risk-based capital | 10.00% | [1] |
[1] | Based upon the Bank's adjusted total assets for the purpose of the Tier 1 leverage capital ratio and risk-weighted assets for the purpose of the risk-based capital ratios. |
Note 13 - Stockholders' Equity
Note 13 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions | May 21, 2015 | Feb. 17, 2015 | Dec. 23, 2008 | Mar. 31, 2017 | Dec. 31, 2016 |
Preferred Stock, Shares Authorized | 500,000 | 500,000 | |||
Preferred Stock, Shares Issued | 26,000 | 0 | 0 | ||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ 1,000 | ||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 833,333 | ||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 4.68 | $ 4.68 | |||
Proceeds from Issuance of Warrants | $ 5.7 | ||||
Two Investors [Member] | |||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 277,777.67 | ||||
One Investor [Member] | |||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 277,777.66 | ||||
Preferred Stock [Member] | |||||
Stock Redeemed or Called During Period, Shares | 10,000 |
Note 14 - Other Borrowings (Det
Note 14 - Other Borrowings (Details Textual) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 15, 2016 | Dec. 15, 2015 | Dec. 15, 2014 |
Other Borrowings | $ 7 | $ 7 | $ 10 | ||
Other Borrowings [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 6.50% | ||||
Debt Instrument, Annual Principal Payment | $ 2 | $ 1 | $ 1 |
Note 15 - Commitments and Con63
Note 15 - Commitments and Contingencies (Details Textual) $ in Millions | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Letters of Credit Issued and Available Amount | $ 1.9 |
Standby Letters of Credit [Member] | |
Line of Credit Facility, Expiration Period | 3 years |
Note 16 - Business Segments - P
Note 16 - Business Segments - Profit and Assets for the Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Interest income - external customers | $ 6,660 | $ 6,525 | |
Non-interest income - external customers | 1,881 | 1,755 | |
Intersegment non-interest income | 0 | 0 | |
Interest expense | 407 | 374 | |
Non-interest expense | 6,347 | 5,691 | |
Income tax expense | 841 | 1,173 | |
Net income | 1,216 | 1,774 | |
Total assets | 680,981 | 638,156 | $ 682,023 |
Consolidation, Eliminations [Member] | |||
Interest income - external customers | 0 | 0 | |
Non-interest income - external customers | 0 | 0 | |
Intersegment non-interest income | (1,471) | (2,022) | |
Interest expense | 0 | 0 | |
Non-interest expense | (53) | (53) | |
Income tax expense | 0 | 0 | |
Net income | (1,418) | (1,969) | |
Total assets | (82,789) | (79,816) | |
Home Federal Savings Bank [Member] | Operating Segments [Member] | |||
Interest income - external customers | 6,660 | 6,525 | |
Non-interest income - external customers | 1,881 | 1,755 | |
Intersegment non-interest income | 53 | 53 | |
Interest expense | 294 | 226 | |
Non-interest expense | 6,213 | 5,561 | |
Income tax expense | 939 | 1,309 | |
Net income | 1,418 | 1,969 | |
Total assets | 680,190 | 637,104 | |
Other Segments [Member] | Operating Segments [Member] | |||
Interest income - external customers | 0 | 0 | |
Non-interest income - external customers | 0 | 0 | |
Intersegment non-interest income | 1,418 | 1,969 | |
Interest expense | 113 | 148 | |
Non-interest expense | 187 | 183 | |
Income tax expense | (98) | (136) | |
Net income | 1,216 | 1,774 | |
Total assets | $ 83,580 | $ 80,868 |