Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | Apr. 24, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | HMN FINANCIAL INC | |
Entity Central Index Key | 0000921183 | |
Trading Symbol | hmnf | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 4,843,822 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Assets | ||
Cash and cash equivalents | $ 15,121 | $ 20,709 |
Securities available for sale | 79,932 | 79,980 |
Loans held for sale | 3,292 | 3,444 |
Loans receivable, net | 599,462 | 586,688 |
Accrued interest receivable | 2,326 | 2,356 |
Real estate, net | 444 | 414 |
Federal Home Loan Bank stock, at cost | 853 | 867 |
Mortgage servicing rights, net | 1,831 | 1,855 |
Premises and equipment, net | 9,551 | 9,635 |
Goodwill | 802 | 802 |
Core deposit intangible | 231 | 255 |
Prepaid expenses and other assets | 6,446 | 2,668 |
Deferred tax asset, net | 2,454 | 2,642 |
Total assets | 722,745 | 712,315 |
Liabilities and Stockholders’ Equity | ||
Deposits | 626,592 | 623,352 |
Accrued interest payable | 332 | 346 |
Customer escrows | 2,637 | 1,448 |
Accrued expenses and other liabilities | 7,834 | 4,022 |
Total liabilities | 637,395 | 629,168 |
Commitments and contingencies | ||
Stockholders’ equity: | ||
Serial-preferred stock: ($.01 par value) authorized 500,000 shares; issued 0 | 0 | 0 |
Common stock ($.01 par value): authorized 16,000,000 shares; issued 9,128,662 | 91 | 91 |
Additional paid-in capital | 40,076 | 40,090 |
Retained earnings, subject to certain restrictions | 101,374 | 99,754 |
Accumulated other comprehensive loss | (612) | (1,096) |
Unearned employee stock ownership plan shares | (1,788) | (1,836) |
Treasury stock, at cost 4,286,516 and 4,292,838 shares | (53,791) | (53,856) |
Total stockholders’ equity | 85,350 | 83,147 |
Total liabilities and stockholders’ equity | 722,745 | 712,315 |
Collateralized Mortgage Backed Securities [Member] | ||
Assets | ||
Securities available for sale | 7,743 | 8,023 |
Other Debt Obligations [Member] | ||
Assets | ||
Securities available for sale | $ 72,189 | $ 71,957 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Securities available for sale, amortized cost | $ 80,783 | $ 81,502 |
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 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 16,000,000 | 16,000,000 |
Common stock, shares issued (in shares) | 9,128,662 | 9,128,662 |
Treasury stock, shares (in shares) | 4,286,516 | 4,292,838 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, amortized cost | $ 7,748 | $ 8,159 |
Other Debt Obligations [Member] | ||
Securities available for sale, amortized cost | $ 73,035 | $ 73,343 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Interest income: | ||
Loans receivable | $ 7,268 | $ 6,778 |
Securities available for sale: | ||
Mortgage-backed and related | 46 | 42 |
Other marketable | 292 | 272 |
Other | 126 | 66 |
Total interest income | 7,732 | 7,158 |
Interest expense: | ||
Deposits | 690 | 468 |
Advances and other borrowings | 0 | 2 |
Total interest expense | 690 | 470 |
Net interest income | 7,042 | 6,688 |
Provision for loan losses | 27 | (125) |
Net interest income after provision for loan losses | 7,015 | 6,813 |
Non-interest income: | ||
Gain on sales of loans | 379 | 444 |
Other | 297 | 265 |
Total non-interest income | 1,691 | 1,776 |
Non-interest expense: | ||
Compensation and benefits | 3,910 | 3,824 |
Occupancy and equipment | 1,060 | 1,097 |
Data processing | 301 | 295 |
Professional services | 272 | 249 |
Other | 903 | 1,089 |
Total non-interest expense | 6,446 | 6,554 |
Income before income tax expense | 2,260 | 2,035 |
Income tax expense | 640 | 590 |
Net income | 1,620 | 1,445 |
Other comprehensive income (loss), net of tax | 484 | (346) |
Comprehensive income available to common shareholders | $ 2,104 | $ 1,099 |
Basic earnings per share (in dollars per share) | $ 0.35 | $ 0.34 |
Diluted earnings per share (in dollars per share) | $ 0.35 | $ 0.29 |
Financial Service [Member] | ||
Non-interest income: | ||
Revenue from Contract with Customer | $ 700 | $ 766 |
Bank Servicing [Member] | ||
Non-interest income: | ||
Revenue from Contract with Customer | $ 315 | $ 301 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | 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, 2017 | $ 91 | $ 50,623 | $ 91,448 | $ (957) | $ (2,030) | $ (58,357) | $ 80,818 |
Net income | 1,445 | 1,445 | |||||
Other comprehensive income (loss) | (346) | (346) | |||||
Restricted stock awards | (174) | 174 | 0 | ||||
Amortization of restricted stock awards | 39 | 39 | |||||
Earned employee stock ownership plan shares | 48 | 48 | 96 | ||||
Amounts reclassified from accumulated other comprehensive loss | 71 | (71) | 0 | ||||
Stock compensation expense | 4 | 4 | |||||
Balance at Mar. 31, 2018 | 91 | 50,540 | 92,964 | (1,374) | (1,982) | (58,183) | 82,056 |
Balance at Dec. 31, 2018 | 91 | 40,090 | 99,754 | (1,096) | (1,836) | (53,856) | 83,147 |
Net income | 1,620 | 1,620 | |||||
Other comprehensive income (loss) | 484 | 484 | |||||
Restricted stock awards | (110) | 110 | 0 | ||||
Stock awards withheld for tax withholding | (45) | (45) | |||||
Amortization of restricted stock awards | 42 | 42 | |||||
Earned employee stock ownership plan shares | 54 | 48 | 102 | ||||
Balance at Mar. 31, 2019 | $ 91 | $ 40,076 | $ 101,374 | $ (612) | $ (1,788) | $ (53,791) | $ 85,350 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash flows from operating activities: | ||
Net income | $ 1,620,000 | $ 1,445,000 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Provision for loan losses | 27,000 | (125,000) |
Depreciation | 273,000 | 258,000 |
Amortization of (discounts) premiums, net | (4,000) | 28,000 |
Amortization of deferred loan fees | 13,000 | 19,000 |
Amortization of core deposit intangible | 164,000 | 151,000 |
Amortization of purchased loan fair value adjustments | (8,000) | (12,000) |
Amortization of mortgage servicing rights | 140,000 | 126,000 |
Capitalized mortgage servicing rights | (116,000) | (126,000) |
Securities gains | (24,000) | (18,000) |
Gain on sales of loans | (379,000) | (444,000) |
Proceeds from sale of loans held for sale | 13,599,000 | 17,291,000 |
Disbursements on loans held for sale | (12,370,000) | (13,558,000) |
Amortization of restricted stock awards | 42,000 | 39,000 |
Amortization of unearned employee stock ownership plan shares | 48,000 | 48,000 |
Earned employee stock ownership plan shares priced above original cost | 54,000 | 48,000 |
Stock option compensation expense | 0 | 4,000 |
Decrease in accrued interest receivable | 30,000 | 240,000 |
(Decrease) increase in accrued interest payable | (14,000) | 51,000 |
Decrease (increase) in other assets | 668,000 | (457,000) |
Decrease in other liabilities | (572,000) | (616,000) |
Other, net | 1,000 | (4,000) |
Net cash provided by operating activities | 3,052,000 | 4,262,000 |
Cash flows from investing activities: | ||
Principal collected on securities available for sale | 443,000 | 384,000 |
Proceeds collected on maturities of securities available for sale | 300,000 | 310,000 |
Purchases of securities available for sale | 0 | (4,888,000) |
Purchase of Federal Home Loan Bank stock | 0 | (322,000) |
Redemption of Federal Home Loan Bank stock | 14,000 | 272,000 |
Net increase in loans receivable | (13,592,000) | (9,580,000) |
Purchases of premises and equipment | (189,000) | (378,000) |
Net cash used by investing activities | (13,024,000) | (14,202,000) |
Cash flows from financing activities: | ||
Increase (decrease) in deposits | 3,240,000 | (1,796,000) |
Stock awards withheld for tax withholding | (45,000) | 0 |
Proceeds from borrowings | 0 | 6,800,000 |
Repayment of borrowings | 0 | (6,800,000) |
Increase in customer escrows | 1,189,000 | 748,000 |
Net cash provided (used) by financing activities | 4,384,000 | (1,048,000) |
Decrease in cash and cash equivalents | (5,588,000) | (10,988,000) |
Cash and cash equivalents, beginning of period | 20,709,000 | 37,564,000 |
Cash and cash equivalents, end of period | 15,121,000 | 26,576,000 |
Supplemental cash flow disclosures: | ||
Cash paid for interest | 704,000 | 420,000 |
Cash paid for income taxes | 0 | 427,000 |
Supplemental noncash flow disclosures: | ||
Loans transferred to loans held for sale | 759,000 | 3,719,000 |
Transfer of loans to real estate | 30,000 | 74,000 |
Right to use assets and lease obligations | 4,387,000 | 0 |
Core Deposits [Member] | ||
Adjustments to reconcile net income to cash provided by operating activities: | ||
Amortization of core deposit intangible | $ 24,000 | $ 25,000 |
Note 1 - HMN Financial, Inc.
Note 1 - HMN Financial, Inc. | 3 Months Ended |
Mar. 31, 2019 | |
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 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. |
Note 2 - Basis of Preparation
Note 2 - Basis of Preparation | 3 Months Ended |
Mar. 31, 2019 | |
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 not three March 31, 2019 not may |
Note 3 - New Accounting Standar
Note 3 - New Accounting Standards | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ( 3 New Accounting Standards In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 not December 15, 2019, may December 15, 2018, first 2020 In August 2018, 2018 13, Fair Value Measurement (Topic 820 Topic 820, 820. at a minimum an entity shall disclose at a minimum December 15, 2019. not first 2020 not |
Note 4 - Fair Value Measurement
Note 4 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | ( 4 ) Fair Value Measurements ASC 820, Fair Value Measurements , three Level 1 Level 2 not Level 3 not not The following table summarizes the assets of the Company for which fair values are determined on a recurring basis as of March 31, 2019 December 31, 2018. Carrying value at March 31, 2019 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 79,932 0 79,932 0 Mortgage loan commitments 99 0 99 0 Total $ 80,031 0 80,031 0 Carrying value at December 31, 2018 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 79,980 0 79,980 0 Mortgage loan commitments 40 0 40 0 Total $ 80,020 0 80,020 0 There were no 1, 2, 3 three March 31, 2019. The Company may March 31, 2019 December 31, 2018, March 31, 2019 December 31, 2018. Carrying value at March 31, 2019 (Dollars in thousands) Total Level 1 Level 2 Level 3 Three months ended March 31, 2019 Total losses Loans held for sale $ 3,292 0 3,292 0 (2 ) Mortgage servicing rights, net 1,831 0 1,831 0 0 Loans (1) 2,671 0 2,671 0 (87 ) Real estate, net (2) 444 0 444 0 0 Total $ 8,238 0 8,238 0 (89 ) Carrying value at December 31, 2018 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year ended December 31, 2018 Total gains (losses) Loans held for sale $ 3,444 0 3,444 0 45 Mortgage servicing rights, net 1,855 0 1,855 0 0 Loans (1) 2,902 0 2,902 0 (97 ) Real estate, net (2) 414 0 414 0 0 Total $ 8,615 0 8,615 0 (52 ) ( 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, 2019 | |
Notes to Financial Statements | |
Financial Instruments Disclosure [Text Block] | ( 5 ) Fair Value of Financial Instruments ASC 825, Disclosures about Fair Values of Financial Instruments March 31, 2019 December 31, 2018 no The estimated fair value of the Company’s financial instruments as of March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 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 $ 15,121 15,121 15,121 20,709 20,709 20,709 Securities available for sale 79,932 79,932 79,932 79,980 79,980 79,980 Loans held for sale 3,292 3,292 3,292 3,444 3,444 3,444 Loans receivable, net 599,462 593,230 593,230 586,688 578,978 578,978 Federal Home Loan Bank stock 853 853 853 867 867 867 Accrued interest receivable 2,326 2,326 2,326 2,356 2,356 2,356 Financial liabilities: Deposits 626,592 620,967 620,967 623,352 617,722 617,722 Accrued interest payable 332 332 332 346 346 346 Off-balance sheet financial instruments: Commitments to extend credit 99 99 157,000 40 40 146,978 Commitments to sell loans (54 ) (54 ) 9,757 (56 ) (56 ) 7,289 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 market. The fair value disclosures for both the fixed and adjustable rate portfolios were adjusted to reflect the exit price amount anticipated to be received from the sale of the portfolio in an open market transaction. 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 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 disclosures for all of the deposits were adjusted to reflect the exit price amount anticipated to be received from the sale of the deposits in an open market transaction. 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 (Loss) | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | ( 6 ) Other Comprehensive Income ( Loss ) Other comprehensive income (loss) 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 (loss), which for the Company is comprised of unrealized gains and losses on securities available for sale. The components of other comprehensive income (loss) and the related tax effects were as follows: For the period ended March 31, (Dollars in thousands) 2019 2018 Securities available for sale: Before tax Tax effect Net of tax Before tax Tax effect Net of tax Net unrealized gains (losses) arising during the period $ 671 187 484 (479 ) (133 ) (346 ) Other comprehensive income (loss) $ 671 187 484 (479 ) (133 ) (346 ) |
Note 7 - Securities Available f
Note 7 - Securities Available for Sale | 3 Months Ended |
Mar. 31, 2019 | |
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 values 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, 2019 December 31, 2018. 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, 2019 Mortgage backed securities: Federal National Mortgage Association (FNMA) 0 $ 0 0 2 $ 3,657 (37 ) $ 3,657 (37 ) Collateralized mortgage obligations: FNMA 0 0 0 1 191 (3 ) 191 (3 ) Other marketable securities: U.S. Government agency obligations 0 0 0 14 69,233 (740 ) 69,233 (740 ) Municipal obligations 0 0 0 6 1,240 (4 ) 1,240 (4 ) Corporate obligations 0 0 0 1 140 (1 ) 140 (1 ) Corporate preferred stock 0 0 0 1 595 (105 ) 595 (105 ) Total temporarily impaired securities 0 $ 0 0 25 $ 75,056 (890 ) $ 75,056 (890 ) 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, 2018 Mortgage backed securities: FNMA 0 $ 0 0 2 $ 3,769 (117 ) $ 3,769 (117 ) Federal Home Loan Mortgage Corporation (FHLMC) 1 4,060 (10 ) 0 0 0 4,060 (10 ) Collateralized mortgage obligations: FNMA 0 0 0 1 190 (9 ) 190 (9 ) Other marketable securities: U.S. Government agency obligations 0 0 0 14 68,735 (1,236 ) 68,735 (1,236 ) Municipal obligations 3 498 (2 ) 8 1,467 (8 ) 1,965 (10 ) Corporate obligations 0 0 0 1 172 (1 ) 172 (1 ) Corporate preferred stock 0 0 0 1 560 (140 ) 560 (140 ) Total temporarily impaired securities 4 $ 4,558 (12 ) 27 $ 74,893 (1,511 ) $ 79,451 (1,523 ) 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 March 31, 2019 March 31, 2019 not March 31, 2019 not may A summary of securities available for sale at March 31, 2019 December 31, 2018 (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value March 31, 2019 Mortgage-backed securities: FNMA $ 3,694 0 (37 ) 3,657 FHLMC 3,860 35 0 3,895 Collateralized mortgage obligations: FNMA 194 0 (3 ) 191 7,748 35 (40 ) 7,743 Other marketable securities: U.S. Government agency obligations 69,973 0 (740 ) 69,233 Municipal obligations 2,075 4 (4 ) 2,075 Corporate obligations 142 0 (1 ) 141 Corporate preferred stock 700 0 (105 ) 595 Corporate equity 145 0 0 145 73,035 4 (850 ) 72,189 $ 80,783 39 (890 ) 79,932 December 31, 2018 Mortgage-backed securities: FNMA $ 3,886 0 (117 ) 3,769 FHLMC 4,074 0 (10 ) 4,064 Collateralized mortgage obligations: FNMA 199 0 (9 ) 190 8,159 0 (136 ) 8,023 Other marketable securities: U.S. Government agency obligations 69,971 0 (1,236 ) 68,735 Municipal obligations 2,378 1 (10 ) 2,369 Corporate obligations 173 0 (1 ) 172 Corporate preferred stock 700 0 (140 ) 560 Corporate equity 121 0 0 121 73,343 1 (1,387 ) 71,957 $ 81,502 1 (1,523 ) 79,980 The following table indicates amortized cost and estimated fair value of securities available for sale at March 31, 2019 (Dollars in thousands) Amortized Cost Fair Value Due less than one year $ 7,356 7,303 Due after one year through five years 70,258 69,568 Due after five years through ten years 2,257 2,255 Due after ten years 767 661 No stated maturity 145 145 Total $ 80,783 79,932 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 call features is based on the anticipated cash flows to the expected call date if it is anticipated that the security will be called, or to the maturity date if it is not |
Note 8 - Loans Receivable, Net
Note 8 - Loans Receivable, Net | 3 Months Ended |
Mar. 31, 2019 | |
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, 2019 December 31, 2018 (Dollars in thousands) March 31, 2019 December 31, 2018 Single family $ 109,210 110,698 Commercial real estate: Real estate rental and leasing 198,379 195,564 Other 151,485 140,566 349,864 336,130 Consumer 73,085 72,532 Commercial business 75,485 75,496 Total loans 607,644 594,856 Less: Unamortized discounts 16 17 Net deferred loan costs (507 ) (535 ) Allowance for loan losses 8,673 8,686 Total loans receivable, net $ 599,462 586,688 |
Note 9 - Allowance for Loan Los
Note 9 - Allowance for Loan Losses and Credit Quality Information | 3 Months Ended |
Mar. 31, 2019 | |
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, 2018 $ 833 4,869 1,622 1,362 8,686 Provision for losses 100 13 3 (89 ) 27 Charge-offs 0 0 (39 ) (43 ) (82 ) Recoveries 0 10 2 30 42 Balance, March 31, 2019 $ 933 4,892 1,588 1,260 8,673 Balance, December 31, 2017 $ 900 5,073 1,630 1,708 9,311 Provision for losses (68 ) 118 (145 ) (30 ) (125 ) Charge-offs (23 ) 0 (69 ) 0 (92 ) Recoveries 0 7 7 21 35 Balance, March 31, 2018 $ 809 5,198 1,423 1,699 9,129 Allocated to: Specific reserves $ 98 451 172 73 794 General reserves 735 4,418 1,450 1,289 7,892 Balance, December 31, 2018 $ 833 4,869 1,622 1,362 8,686 Allocated to: Specific reserves $ 123 453 153 90 819 General reserves 810 4,439 1,435 1,170 7,854 Balance, March 31, 2019 $ 933 4,892 1,588 1,260 8,673 Loans receivable at December 31, 2018: Individually reviewed for impairment $ 1,226 1,311 856 303 3,696 Collectively reviewed for impairment 109,472 334,819 71,676 75,193 591,160 Ending balance $ 110,698 336,130 72,532 75,496 594,856 Loans receivable at March 31, 2019: Individually reviewed for impairment $ 1,247 1,276 620 347 3,490 Collectively reviewed for impairment 107,963 348,588 72,465 75,138 604,154 Ending balance $ 109,210 349,864 73,085 75,485 607,644 The following table summarizes the amount of classified and unclassified loans at March 31, 2019 December 31, 2018: March 31, 2019 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 571 1,152 95 0 1,818 107,392 109,210 Commercial real estate: Real estate rental and leasing 8,101 2,730 0 0 10,831 187,548 198,379 Other 5,201 5,039 0 0 10,240 141,245 151,485 Consumer 0 476 36 105 617 72,468 73,085 Commercial business 5,639 2,670 0 0 8,309 67,176 75,485 $ 19,512 12,067 131 105 31,815 575,829 607,644 December 31, 2018 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 150 1,771 40 0 1,961 108,737 110,698 Commercial real estate: Real estate rental and leasing 5,564 4,805 0 0 10,369 185,195 195,564 Other 4,879 5,118 0 0 9,997 130,569 140,566 Consumer 0 709 41 106 856 71,676 72,532 Commercial business 6,647 2,761 0 0 9,408 66,088 75,496 $ 17,240 15,164 81 106 32,591 562,265 594,856 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 not may not The aging of past due loans at March 31, 2019 December 31, 2018 (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 9 Single family $ 798 0 91 889 108,321 109,210 0 Commercial real estate: Real estate rental and leasing 198 0 0 198 198,181 198,379 0 Other 273 0 0 273 151,212 151,485 0 Consumer 301 180 78 559 72,526 73,085 0 Commercial business 55 0 80 135 75,350 75,485 0 $ 1,625 180 249 2,054 605,590 607,644 0 December 31, 201 8 Single family $ 680 325 77 1,082 109,616 110,698 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 195,564 195,564 0 Other 0 0 0 0 140,566 140,566 0 Consumer 391 100 279 770 71,762 72,532 0 Commercial business 21 0 0 21 75,475 75,496 0 $ 1,092 425 356 1,873 592,983 594,856 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, 2019 December 31, 2018: March 31, 2019 December 31, 2018 (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 $ 438 457 0 458 477 0 Commercial real estate: Other 25 1,681 0 25 1,682 0 Consumer 382 382 0 515 515 0 Loans with an allowance recorded: Single family 809 809 123 768 768 98 Commercial real estate: Real estate rental and leasing 199 199 21 201 201 21 Other 1,052 1,052 432 1,085 1,085 430 Consumer 238 238 153 341 341 172 Commercial business 347 899 90 303 854 73 Total: Single family 1,247 1,266 123 1,226 1,245 98 Commercial real estate: Real estate rental and leasing 199 199 21 201 201 21 Other 1,077 2,733 432 1,110 2,767 430 Consumer 620 620 153 856 856 172 Commercial business 347 899 90 303 854 73 $ 3,490 5,717 819 3,696 5,923 794 The following table summarizes the average recorded investment and interest income recognized on impaired loans during the three March 31, 2019 2018: March 31, 2019 March 31, 2018 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 448 4 424 6 Commercial real estate: Real estate rental and leasing 0 0 35 0 Other 25 30 95 24 Consumer 449 2 409 2 Loans with an allowance recorded: Single family 789 3 924 0 Commercial real estate: Real estate rental and leasing 200 0 0 0 Other 1,069 0 1,314 0 Consumer 290 3 461 3 Commercial business 325 1 494 2 Total: Single family 1,237 7 1,348 6 Commercial real estate: Real estate rental and leasing 200 0 35 0 Other 1,094 30 1,409 24 Consumer 739 5 870 5 Commercial business 325 1 494 2 $ 3,595 43 4,156 37 At March 31, 2019 December 31, 2018, $2.5 $2.7 $0.7 no $0.3 $0.4 March 31, 2019 December 31, 2018, The non-accrual loans at March 31, 2019 December 31, 2018 (Dollars in thousands) March 31, 2019 December 31, 2018 Single family $ 751 $ 730 Commercial real estate: Real estate rental and leasing 199 201 Other 1,077 1,110 Consumer 283 489 Commercial business 212 148 $ 2,522 $ 2,678 At March 31, 2019 December 31, 2018, $2.4 $2.5 first 2019 not first 2018, $0.1 $1.3 March 31, 2018. The following table summarizes TDRs at March 31, 2019 December 31, 2018: March 31, 2019 December, 31, 2018 (Dollars in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Single family $ 496 158 654 496 140 636 Commercial real estate 0 1,077 1,077 0 1,110 1,110 Consumer 337 171 508 367 155 522 Commercial business 135 49 184 155 53 208 $ 968 1,455 2,423 1,018 1,458 2,476 As of March 31, 2019, $0.8 75%. December 31, 2018, $0.9 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 twelve twelve When a loan is modified in a TDR, there may may three March 31, 2019 March 31, 2018. Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 (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 restructurings: Single family 1 $ 21 24 1 $ 55 58 Commercial real estate: Real estate rental and leasing 0 0 0 1 54 54 Other 0 0 0 1 1,274 1,274 Consumer 2 26 26 4 117 118 Commercial business 0 0 0 1 70 70 Total 3 $ 47 50 8 $ 1,570 1,574 There were no twelve March 31, 2019 March 31, 2018 three March 31, 2019 March 31, 2018. The Company considers a loan to have defaulted when it becomes 90 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 not may $0.6 7.0%, $8.7 March 31, 2019 $0.6 7.2%, $8.7 December 31, 2018. 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, 2018 $ 7,313 (182 ) 7,131 Change due to payments/refinances (203 ) 9 (194 ) Balance at March 31, 2019 $ 7,110 (173 ) 6,937 (Dollars in thousands) Contractual Principal Receivable Non-Accretable Difference Net Carrying Amount Purchased credit impaired loans: Balance at December 31, 2018 $ 188 (6 ) 182 Change due to payments/refinances (2 ) 1 (1 ) Balance at March 31, 2019 $ 186 (5 ) 181 The 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 March 31, 2019 $0.2 No March 31, 2019 no |
Note 10 - Intangible Assets
Note 10 - Intangible Assets | 3 Months Ended |
Mar. 31, 2019 | |
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, 2019 Twelve Months ended December 31, 2018 Three Months ended March 31, 2018 Balance, beginning of period $ 1,855 1,724 1,724 Originations 116 682 126 Amortization (140 ) (551 ) (126 ) Balance, end of period $ 1,831 1,855 1,724 Fair value of mortgage servicing rights $ 3,702 3,901 3,458 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, 2019. Weighted Weighted Loan Average Average Principal Interest Remaining Number (Dollars in thousands) Balance Rate Term (months) of Loans Original term 30 year fixed rate $ 304,600 4.19 % 306 2,333 Original term 15 year fixed rate 91,584 3.19 128 951 Adjustable rate 53 4.38 266 2 The gross carrying amount of intangible assets and the associated accumulated amortization at March 31, 2019 2018 $164,000 $151,000 three March 31, 2019 2018, March 31, 2019 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 4,565 (2,734 ) 1,831 Core deposit intangible 574 (343 ) 231 Goodwill 802 0 802 Total $ 5,941 (3,077 ) 2,864 March 31, 2018 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 4,282 (2,558 ) 1,724 Core deposit intangible 574 (244 ) 330 Goodwill 802 0 802 Total $ 5,658 (2,802 ) 2,856 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, 2019 $ 355 75 430 2020 402 99 501 2021 358 47 405 2022 299 10 309 2023 222 0 222 Thereafter 195 0 195 Total $ 1,831 231 2,062 Projections of amortization are based on existing asset balances and the existing interest rate environment as of March 31, 2019. may |
Note 11 - Leases
Note 11 - Leases | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | ( 11 Leases On January 1, 2019, ASU 2016 02, 842 $ 4.5 Operating lease right-of-use assets represent our right to use an underlying asset during the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. Right-of-use assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company’s incremental borrowing rate at the lease commencement date. Because the Company only has operating leases and the right-of-use asset is offset by a lease payment obligation liability, the lease payments are the only amount that is recorded in occupancy expense in the consolidated statements of comprehensive income. The Company’s leases relate to office space and bank branches with remaining lease terms between 1 6 3 10 not not March 31, 2019, $ 4.4 The table below summarizes our net lease cost: (Dollars in thousands) Three Months Ended Operating lease cost. $ 225 The table below summarizes other information related to our operating leases: (Dollars in thousands) Three Months Ended Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 225 Weighted-average remaining lease term – operating leases, in years 5.4 Weighted-average discount rate – operating leases 2.60 % The table below summarizes the maturity of remaining lease liabilities: (Dollars in thousands) March 31, 2019 2019 $ 662 2020 858 2021 853 2022 889 2023 764 2024 and thereafter 685 Total lease payments 4,711 Less: Interest (324 ) Present value of lease liabilities $ 4,387 |
Note 12 - Earnings Per Common S
Note 12 - Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 1 2 ) Earnings per Common Share The following table reconciles the weighted average shares outstanding and the earnings available to common shareholders used for basic and diluted earnings per common share: Three months ended (Dollars in thousands, except per share data) March 31, 2019 March 31, 2018 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,598,234 4,236,861 Net dilutive effect of: Restricted stock awards, options, and warrants 28,503 665,389 Weighted average number of shares outstanding adjusted for effect of dilutive securities 4,626,737 4,902,250 Income available to common shareholders $ 1,620 1,445 Basic earnings per common share $ 0.35 0.34 Diluted earnings per common share $ 0.35 0.29 |
Note 13 - Regulatory Capital an
Note 13 - Regulatory Capital and Oversight | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | ( 1 3 ) Regulatory Capital and Oversight The Company and the Bank are subject to the Basel III regulatory capital requirements. The Basel III requirements, among other things, (i) apply a 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. The Board of Governors of the Federal Reserve System (FRB) amended its Policy Statement, to exempt small bank holding companies with assets less than $3 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 The Bank’s average total assets for the first 2019 $723.0 $721.8 $622.7 March 31, 2019 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, 2019 Common equity Tier 1 capital $ 81,340 13.06 % $ 28,020 4.50 % $ 53,320 8.56 % $ 40,473 6.50 % Tier 1 leverage 81,340 11.27 28,871 4.00 52,469 7.27 36,089 5.00 Tier 1 risk-based capital 81,340 13.06 37,360 6.00 43,980 7.06 49,813 8.00 Total risk-based capital 89,134 14.31 49,813 8.00 39,321 6.31 62,267 10.00 ( 1 1 The Bank must maintain a capital conservation buffer composed of common equity Tier 1 January 1, 2019, 2.50% March 31, 2019, no |
Note 14 - Stockholders' Equity
Note 14 - Stockholders' Equity | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | ( 14 ) Stockholders’ Equity The Company may $6 not first 2019. |
Note 15 - Commitments
Note 15 - Commitments | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | ( 1 5 ) Commitments The Bank issues standby letters of credit which guarantee the performance of customers to third March 31, 2019 $3.2 42 may not |
Note 16 - Business Segments
Note 16 - Business Segments | 3 Months Ended |
Mar. 31, 2019 | |
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. not The Company evaluates performance and allocates resources based on the segment’s net income, return on average assets and return on average equity. Each corporation is managed separately with its own officers and board of directors. 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 9 : Interest income - external customers $ 7,732 0 0 7,732 Non-interest income - external customers 1,691 0 0 1,691 Intersegment non-interest income 59 1,762 (1,821 ) 0 Interest expense 690 0 0 690 Non-interest expense 6,332 173 (59 ) 6,446 Income tax expense (benefit) 671 (31 ) 0 640 Net income 1,762 1,620 (1,762 ) 1,620 Total assets 721,736 85,546 (84,537 ) 722,745 At or for the quarter ended March 31, 2018 : Interest income - external customers $ 7,158 0 0 7,158 Non-interest income - external customers 1,776 0 0 1,776 Intersegment non-interest income 53 1,594 (1,647 ) 0 Interest expense 470 0 0 470 Non-interest expense 6,425 182 (53 ) 6,554 Income tax expense (benefit) 623 (33 ) 0 590 Net income 1,594 1,445 (1,594 ) 1,445 Total assets 722,158 83,309 (83,128 ) 722,339 |
Note 4 - Fair Value Measureme_2
Note 4 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Carrying value at March 31, 2019 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 79,932 0 79,932 0 Mortgage loan commitments 99 0 99 0 Total $ 80,031 0 80,031 0 Carrying value at December 31, 2018 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 79,980 0 79,980 0 Mortgage loan commitments 40 0 40 0 Total $ 80,020 0 80,020 0 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Carrying value at March 31, 2019 (Dollars in thousands) Total Level 1 Level 2 Level 3 Three months ended March 31, 2019 Total losses Loans held for sale $ 3,292 0 3,292 0 (2 ) Mortgage servicing rights, net 1,831 0 1,831 0 0 Loans (1) 2,671 0 2,671 0 (87 ) Real estate, net (2) 444 0 444 0 0 Total $ 8,238 0 8,238 0 (89 ) Carrying value at December 31, 2018 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year ended December 31, 2018 Total gains (losses) Loans held for sale $ 3,444 0 3,444 0 45 Mortgage servicing rights, net 1,855 0 1,855 0 0 Loans (1) 2,902 0 2,902 0 (97 ) Real estate, net (2) 414 0 414 0 0 Total $ 8,615 0 8,615 0 (52 ) |
Note 5 - Fair Value of Financ_2
Note 5 - Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2019 December 31, 2018 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 $ 15,121 15,121 15,121 20,709 20,709 20,709 Securities available for sale 79,932 79,932 79,932 79,980 79,980 79,980 Loans held for sale 3,292 3,292 3,292 3,444 3,444 3,444 Loans receivable, net 599,462 593,230 593,230 586,688 578,978 578,978 Federal Home Loan Bank stock 853 853 853 867 867 867 Accrued interest receivable 2,326 2,326 2,326 2,356 2,356 2,356 Financial liabilities: Deposits 626,592 620,967 620,967 623,352 617,722 617,722 Accrued interest payable 332 332 332 346 346 346 Off-balance sheet financial instruments: Commitments to extend credit 99 99 157,000 40 40 146,978 Commitments to sell loans (54 ) (54 ) 9,757 (56 ) (56 ) 7,289 |
Note 6 - Other Comprehensive _2
Note 6 - Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Comprehensive Income (Loss) [Table Text Block] | For the period ended March 31, (Dollars in thousands) 2019 2018 Securities available for sale: Before tax Tax effect Net of tax Before tax Tax effect Net of tax Net unrealized gains (losses) arising during the period $ 671 187 484 (479 ) (133 ) (346 ) Other comprehensive income (loss) $ 671 187 484 (479 ) (133 ) (346 ) |
Note 7 - Securities Available_2
Note 7 - Securities Available for Sale (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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, 2019 Mortgage backed securities: Federal National Mortgage Association (FNMA) 0 $ 0 0 2 $ 3,657 (37 ) $ 3,657 (37 ) Collateralized mortgage obligations: FNMA 0 0 0 1 191 (3 ) 191 (3 ) Other marketable securities: U.S. Government agency obligations 0 0 0 14 69,233 (740 ) 69,233 (740 ) Municipal obligations 0 0 0 6 1,240 (4 ) 1,240 (4 ) Corporate obligations 0 0 0 1 140 (1 ) 140 (1 ) Corporate preferred stock 0 0 0 1 595 (105 ) 595 (105 ) Total temporarily impaired securities 0 $ 0 0 25 $ 75,056 (890 ) $ 75,056 (890 ) 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, 2018 Mortgage backed securities: FNMA 0 $ 0 0 2 $ 3,769 (117 ) $ 3,769 (117 ) Federal Home Loan Mortgage Corporation (FHLMC) 1 4,060 (10 ) 0 0 0 4,060 (10 ) Collateralized mortgage obligations: FNMA 0 0 0 1 190 (9 ) 190 (9 ) Other marketable securities: U.S. Government agency obligations 0 0 0 14 68,735 (1,236 ) 68,735 (1,236 ) Municipal obligations 3 498 (2 ) 8 1,467 (8 ) 1,965 (10 ) Corporate obligations 0 0 0 1 172 (1 ) 172 (1 ) Corporate preferred stock 0 0 0 1 560 (140 ) 560 (140 ) Total temporarily impaired securities 4 $ 4,558 (12 ) 27 $ 74,893 (1,511 ) $ 79,451 (1,523 ) |
Available-for-sale Securities [Table Text Block] | (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value March 31, 2019 Mortgage-backed securities: FNMA $ 3,694 0 (37 ) 3,657 FHLMC 3,860 35 0 3,895 Collateralized mortgage obligations: FNMA 194 0 (3 ) 191 7,748 35 (40 ) 7,743 Other marketable securities: U.S. Government agency obligations 69,973 0 (740 ) 69,233 Municipal obligations 2,075 4 (4 ) 2,075 Corporate obligations 142 0 (1 ) 141 Corporate preferred stock 700 0 (105 ) 595 Corporate equity 145 0 0 145 73,035 4 (850 ) 72,189 $ 80,783 39 (890 ) 79,932 December 31, 2018 Mortgage-backed securities: FNMA $ 3,886 0 (117 ) 3,769 FHLMC 4,074 0 (10 ) 4,064 Collateralized mortgage obligations: FNMA 199 0 (9 ) 190 8,159 0 (136 ) 8,023 Other marketable securities: U.S. Government agency obligations 69,971 0 (1,236 ) 68,735 Municipal obligations 2,378 1 (10 ) 2,369 Corporate obligations 173 0 (1 ) 172 Corporate preferred stock 700 0 (140 ) 560 Corporate equity 121 0 0 121 73,343 1 (1,387 ) 71,957 $ 81,502 1 (1,523 ) 79,980 |
Available-for-sale Securities [Member] | |
Notes Tables | |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | (Dollars in thousands) Amortized Cost Fair Value Due less than one year $ 7,356 7,303 Due after one year through five years 70,258 69,568 Due after five years through ten years 2,257 2,255 Due after ten years 767 661 No stated maturity 145 145 Total $ 80,783 79,932 |
Note 8 - Loans Receivable, Net
Note 8 - Loans Receivable, Net (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Summary of Loans Receivable [Table Text Block] | (Dollars in thousands) March 31, 2019 December 31, 2018 Single family $ 109,210 110,698 Commercial real estate: Real estate rental and leasing 198,379 195,564 Other 151,485 140,566 349,864 336,130 Consumer 73,085 72,532 Commercial business 75,485 75,496 Total loans 607,644 594,856 Less: Unamortized discounts 16 17 Net deferred loan costs (507 ) (535 ) Allowance for loan losses 8,673 8,686 Total loans receivable, net $ 599,462 586,688 |
Note 9 - Allowance for Loan L_2
Note 9 - Allowance for Loan Losses and Credit Quality Information (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total Balance, December 31, 2018 $ 833 4,869 1,622 1,362 8,686 Provision for losses 100 13 3 (89 ) 27 Charge-offs 0 0 (39 ) (43 ) (82 ) Recoveries 0 10 2 30 42 Balance, March 31, 2019 $ 933 4,892 1,588 1,260 8,673 Balance, December 31, 2017 $ 900 5,073 1,630 1,708 9,311 Provision for losses (68 ) 118 (145 ) (30 ) (125 ) Charge-offs (23 ) 0 (69 ) 0 (92 ) Recoveries 0 7 7 21 35 Balance, March 31, 2018 $ 809 5,198 1,423 1,699 9,129 Allocated to: Specific reserves $ 98 451 172 73 794 General reserves 735 4,418 1,450 1,289 7,892 Balance, December 31, 2018 $ 833 4,869 1,622 1,362 8,686 Allocated to: Specific reserves $ 123 453 153 90 819 General reserves 810 4,439 1,435 1,170 7,854 Balance, March 31, 2019 $ 933 4,892 1,588 1,260 8,673 Loans receivable at December 31, 2018: Individually reviewed for impairment $ 1,226 1,311 856 303 3,696 Collectively reviewed for impairment 109,472 334,819 71,676 75,193 591,160 Ending balance $ 110,698 336,130 72,532 75,496 594,856 Loans receivable at March 31, 2019: Individually reviewed for impairment $ 1,247 1,276 620 347 3,490 Collectively reviewed for impairment 107,963 348,588 72,465 75,138 604,154 Ending balance $ 109,210 349,864 73,085 75,485 607,644 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2019 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 571 1,152 95 0 1,818 107,392 109,210 Commercial real estate: Real estate rental and leasing 8,101 2,730 0 0 10,831 187,548 198,379 Other 5,201 5,039 0 0 10,240 141,245 151,485 Consumer 0 476 36 105 617 72,468 73,085 Commercial business 5,639 2,670 0 0 8,309 67,176 75,485 $ 19,512 12,067 131 105 31,815 575,829 607,644 December 31, 2018 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 150 1,771 40 0 1,961 108,737 110,698 Commercial real estate: Real estate rental and leasing 5,564 4,805 0 0 10,369 185,195 195,564 Other 4,879 5,118 0 0 9,997 130,569 140,566 Consumer 0 709 41 106 856 71,676 72,532 Commercial business 6,647 2,761 0 0 9,408 66,088 75,496 $ 17,240 15,164 81 106 32,591 562,265 594,856 |
Financing Receivable, Past Due [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 9 Single family $ 798 0 91 889 108,321 109,210 0 Commercial real estate: Real estate rental and leasing 198 0 0 198 198,181 198,379 0 Other 273 0 0 273 151,212 151,485 0 Consumer 301 180 78 559 72,526 73,085 0 Commercial business 55 0 80 135 75,350 75,485 0 $ 1,625 180 249 2,054 605,590 607,644 0 December 31, 201 8 Single family $ 680 325 77 1,082 109,616 110,698 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 195,564 195,564 0 Other 0 0 0 0 140,566 140,566 0 Consumer 391 100 279 770 71,762 72,532 0 Commercial business 21 0 0 21 75,475 75,496 0 $ 1,092 425 356 1,873 592,983 594,856 0 |
Impaired Financing Receivables [Table Text Block] | March 31, 2019 December 31, 2018 (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 $ 438 457 0 458 477 0 Commercial real estate: Other 25 1,681 0 25 1,682 0 Consumer 382 382 0 515 515 0 Loans with an allowance recorded: Single family 809 809 123 768 768 98 Commercial real estate: Real estate rental and leasing 199 199 21 201 201 21 Other 1,052 1,052 432 1,085 1,085 430 Consumer 238 238 153 341 341 172 Commercial business 347 899 90 303 854 73 Total: Single family 1,247 1,266 123 1,226 1,245 98 Commercial real estate: Real estate rental and leasing 199 199 21 201 201 21 Other 1,077 2,733 432 1,110 2,767 430 Consumer 620 620 153 856 856 172 Commercial business 347 899 90 303 854 73 $ 3,490 5,717 819 3,696 5,923 794 March 31, 2019 March 31, 2018 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 448 4 424 6 Commercial real estate: Real estate rental and leasing 0 0 35 0 Other 25 30 95 24 Consumer 449 2 409 2 Loans with an allowance recorded: Single family 789 3 924 0 Commercial real estate: Real estate rental and leasing 200 0 0 0 Other 1,069 0 1,314 0 Consumer 290 3 461 3 Commercial business 325 1 494 2 Total: Single family 1,237 7 1,348 6 Commercial real estate: Real estate rental and leasing 200 0 35 0 Other 1,094 30 1,409 24 Consumer 739 5 870 5 Commercial business 325 1 494 2 $ 3,595 43 4,156 37 |
Financing Receivable, Nonaccrual [Table Text Block] | (Dollars in thousands) March 31, 2019 December 31, 2018 Single family $ 751 $ 730 Commercial real estate: Real estate rental and leasing 199 201 Other 1,077 1,110 Consumer 283 489 Commercial business 212 148 $ 2,522 $ 2,678 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | March 31, 2019 December, 31, 2018 (Dollars in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Single family $ 496 158 654 496 140 636 Commercial real estate 0 1,077 1,077 0 1,110 1,110 Consumer 337 171 508 367 155 522 Commercial business 135 49 184 155 53 208 $ 968 1,455 2,423 1,018 1,458 2,476 |
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, 2019 Three Months Ended March 31, 2018 (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 restructurings: Single family 1 $ 21 24 1 $ 55 58 Commercial real estate: Real estate rental and leasing 0 0 0 1 54 54 Other 0 0 0 1 1,274 1,274 Consumer 2 26 26 4 117 118 Commercial business 0 0 0 1 70 70 Total 3 $ 47 50 8 $ 1,570 1,574 |
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, 2018 $ 7,313 (182 ) 7,131 Change due to payments/refinances (203 ) 9 (194 ) Balance at March 31, 2019 $ 7,110 (173 ) 6,937 (Dollars in thousands) Contractual Principal Receivable Non-Accretable Difference Net Carrying Amount Purchased credit impaired loans: Balance at December 31, 2018 $ 188 (6 ) 182 Change due to payments/refinances (2 ) 1 (1 ) Balance at March 31, 2019 $ 186 (5 ) 181 |
Note 10 - Intangible Assets (Ta
Note 10 - Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Servicing Liability at Amortized Cost [Table Text Block] | (Dollars in thousands) Three Months ended March 31, 2019 Twelve Months ended December 31, 2018 Three Months ended March 31, 2018 Balance, beginning of period $ 1,855 1,724 1,724 Originations 116 682 126 Amortization (140 ) (551 ) (126 ) Balance, end of period $ 1,831 1,855 1,724 Fair value of mortgage servicing rights $ 3,702 3,901 3,458 |
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 $ 304,600 4.19 % 306 2,333 Original term 15 year fixed rate 91,584 3.19 128 951 Adjustable rate 53 4.38 266 2 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | March 31, 2019 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 4,565 (2,734 ) 1,831 Core deposit intangible 574 (343 ) 231 Goodwill 802 0 802 Total $ 5,941 (3,077 ) 2,864 March 31, 2018 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 4,282 (2,558 ) 1,724 Core deposit intangible 574 (244 ) 330 Goodwill 802 0 802 Total $ 5,658 (2,802 ) 2,856 |
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, 2019 $ 355 75 430 2020 402 99 501 2021 358 47 405 2022 299 10 309 2023 222 0 222 Thereafter 195 0 195 Total $ 1,831 231 2,062 |
Note 11 - Leases (Tables)
Note 11 - Leases (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | (Dollars in thousands) Three Months Ended Operating lease cost. $ 225 |
Other Information Related to Operating Leases [Table Text Block] | (Dollars in thousands) Three Months Ended Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 225 Weighted-average remaining lease term – operating leases, in years 5.4 Weighted-average discount rate – operating leases 2.60 % |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | (Dollars in thousands) March 31, 2019 2019 $ 662 2020 858 2021 853 2022 889 2023 764 2024 and thereafter 685 Total lease payments 4,711 Less: Interest (324 ) Present value of lease liabilities $ 4,387 |
Note 12 - Earnings Per Common_2
Note 12 - Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months ended (Dollars in thousands, except per share data) March 31, 2019 March 31, 2018 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,598,234 4,236,861 Net dilutive effect of: Restricted stock awards, options, and warrants 28,503 665,389 Weighted average number of shares outstanding adjusted for effect of dilutive securities 4,626,737 4,902,250 Income available to common shareholders $ 1,620 1,445 Basic earnings per common share $ 0.35 0.34 Diluted earnings per common share $ 0.35 0.29 |
Note 13 - Regulatory Capital _2
Note 13 - Regulatory Capital and Oversight (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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, 2019 Common equity Tier 1 capital $ 81,340 13.06 % $ 28,020 4.50 % $ 53,320 8.56 % $ 40,473 6.50 % Tier 1 leverage 81,340 11.27 28,871 4.00 52,469 7.27 36,089 5.00 Tier 1 risk-based capital 81,340 13.06 37,360 6.00 43,980 7.06 49,813 8.00 Total risk-based capital 89,134 14.31 49,813 8.00 39,321 6.31 62,267 10.00 |
Note 16 - Business Segments (Ta
Note 16 - Business Segments (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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 9 : Interest income - external customers $ 7,732 0 0 7,732 Non-interest income - external customers 1,691 0 0 1,691 Intersegment non-interest income 59 1,762 (1,821 ) 0 Interest expense 690 0 0 690 Non-interest expense 6,332 173 (59 ) 6,446 Income tax expense (benefit) 671 (31 ) 0 640 Net income 1,762 1,620 (1,762 ) 1,620 Total assets 721,736 85,546 (84,537 ) 722,745 At or for the quarter ended March 31, 2018 : Interest income - external customers $ 7,158 0 0 7,158 Non-interest income - external customers 1,776 0 0 1,776 Intersegment non-interest income 53 1,594 (1,647 ) 0 Interest expense 470 0 0 470 Non-interest expense 6,425 182 (53 ) 6,554 Income tax expense (benefit) 623 (33 ) 0 590 Net income 1,594 1,445 (1,594 ) 1,445 Total assets 722,158 83,309 (83,128 ) 722,339 |
Note 1 - HMN Financial, Inc. (D
Note 1 - HMN Financial, Inc. (Details Textual) | 3 Months Ended |
Mar. 31, 2019 | |
Percentage Of Ownership In Subsidiaries | 100.00% |
Number of Wholly Owned Subsidiaries | 2 |
Note 4 - Fair Value Measureme_3
Note 4 - Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Securities available for sale | $ 79,932 | $ 79,980 |
Fair Value, Recurring [Member] | ||
Securities available for sale | 79,932 | 79,980 |
Mortgage loan commitments | 99 | 40 |
Total | 80,031 | 80,020 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Mortgage loan commitments | 0 | 0 |
Total | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 79,932 | 79,980 |
Mortgage loan commitments | 99 | 40 |
Total | 80,031 | 80,020 |
Fair Value, 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 Measureme_4
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, 2019 | Dec. 31, 2018 | ||
Loans held for sale, Total gains (losses) | $ (2) | $ 45 | |
Mortgage servicing rights, net, Total gains (losses) | 0 | 0 | |
Loans, Total gains (losses) | [1] | (87) | (97) |
Real estate, net, Total gains (losses) | [2] | 0 | 0 |
Total, Total gains (losses) | (89) | (52) | |
Fair Value, Nonrecurring [Member] | |||
Loans held for sale | 3,292 | 3,444 | |
Mortgage servicing rights, net | 1,831 | 1,855 | |
Loans | [1] | 2,671 | 2,902 |
Real estate, net | [2] | 444 | 414 |
Total | 8,238 | 8,615 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Loans held for sale | 0 | 0 | |
Mortgage servicing rights, net | 0 | 0 | |
Loans | [1] | 0 | 0 |
Real estate, net | [2] | 0 | 0 |
Total | 0 | 0 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Loans held for sale | 3,292 | 3,444 | |
Mortgage servicing rights, net | 1,831 | 1,855 | |
Loans | [1] | 2,671 | 2,902 |
Real estate, net | [2] | 444 | 414 |
Total | 8,238 | 8,615 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Loans held for sale | 0 | 0 | |
Mortgage servicing rights, net | 0 | 0 | |
Loans | [1] | 0 | 0 |
Real estate, net | [2] | 0 | 0 |
Total | $ 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 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 Financ_3
Note 5 - Fair Value of Financial Instruments - Estimated Fair Value of Company's Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financial assets: | ||
Securities available for sale | $ 79,932 | $ 79,980 |
Loans receivable, net | 599,462 | 586,688 |
Reported Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 15,121 | 20,709 |
Securities available for sale | 79,932 | 79,980 |
Loans held for sale | 3,292 | 3,444 |
Loans receivable, net | 599,462 | 578,978 |
Federal Home Loan Bank stock | 853 | 867 |
Accrued interest receivable | 2,326 | 2,356 |
Financial liabilities: | ||
Deposits | 626,592 | 617,722 |
Accrued interest payable | 332 | 346 |
Off-balance sheet financial instruments: | ||
Commitments to extend credit | 99 | 40 |
Commitments to sell loans | (54) | (56) |
Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 15,121 | 20,709 |
Securities available for sale | 79,932 | |
Loans held for sale | 3,292 | |
Loans receivable, net | 593,230 | |
Federal Home Loan Bank stock | 853 | |
Accrued interest receivable | 2,326 | |
Financial liabilities: | ||
Deposits | 620,967 | |
Accrued interest payable | 332 | |
Off-balance sheet financial instruments: | ||
Commitments to extend credit | 99 | |
Commitments to sell loans | (54) | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 15,121 | |
Securities available for sale | 79,980 | |
Loans held for sale | 3,444 | |
Loans receivable, net | 578,978 | |
Federal Home Loan Bank stock | 867 | |
Accrued interest receivable | 2,356 | |
Financial liabilities: | ||
Deposits | 617,722 | |
Accrued interest payable | 346 | |
Off-balance sheet financial instruments: | ||
Commitments to extend credit | ||
Commitments to sell loans | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | ||
Securities available for sale | 79,932 | |
Loans held for sale | 3,292 | |
Loans receivable, net | 593,230 | |
Federal Home Loan Bank stock | 853 | |
Accrued interest receivable | 2,326 | |
Financial liabilities: | ||
Deposits | 620,967 | |
Accrued interest payable | 332 | |
Off-balance sheet financial instruments: | ||
Commitments to extend credit | 146,978 | |
Commitments to sell loans | $ 7,289 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | ||
Securities available for sale | ||
Loans held for sale | ||
Loans receivable, net | ||
Federal Home Loan Bank stock | ||
Accrued interest receivable | ||
Financial liabilities: | ||
Deposits | ||
Accrued interest payable | ||
Off-balance sheet financial instruments: | ||
Commitments to extend credit | 157,000 | |
Commitments to sell loans | 9,757 | |
Portion at Other than Fair Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 20,709 | |
Securities available for sale | 79,980 | |
Loans held for sale | 3,444 | |
Loans receivable, net | 586,688 | |
Federal Home Loan Bank stock | 867 | |
Accrued interest receivable | 2,356 | |
Financial liabilities: | ||
Deposits | 623,352 | |
Accrued interest payable | 346 | |
Off-balance sheet financial instruments: | ||
Commitments to extend credit | 40 | |
Commitments to sell loans | $ (56) |
Note 6 - Other Comprehensive _3
Note 6 - Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) and Related Tax Effects (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net unrealized gains (losses) arising during the period, before tax | $ 671 | $ (479) |
Net unrealized gains (losses) arising during the period, tax effect | 187 | (133) |
Net unrealized gains (losses) arising during the period, net of tax | 484 | (346) |
Other comprehensive income (loss), before tax | 671 | (479) |
Other comprehensive income (loss), tax effect | 187 | (133) |
Other comprehensive income (loss), net of tax | $ 484 | $ (346) |
Note 7 - Securities Available_3
Note 7 - Securities Available for Sale - Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) |
Less Than Twelve Months # of Investments | 0 | 4 |
Less Than Twelve Months Fair Value | $ 0 | $ 4,558 |
Less Than Twelve Months Unrealized Losses | $ 0 | $ (12) |
Twelve Months or More # of Investments | 25 | 27 |
Twelve Months or More Fair Value | $ 75,056 | $ 74,893 |
Twelve Months or More Unrealized Losses | (890) | (1,511) |
Total Fair Value | 75,056 | 79,451 |
Total Unrealized Losses | $ (890) | $ (1,523) |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [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 | 2 | 2 |
Twelve Months or More Fair Value | $ 3,657 | $ 3,769 |
Twelve Months or More Unrealized Losses | (37) | (117) |
Total Fair Value | 3,657 | 3,769 |
Total Unrealized Losses | $ (37) | $ (117) |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Collateralized Mortgage Obligations [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 | $ 191 | $ 190 |
Twelve Months or More Unrealized Losses | (3) | (9) |
Total Fair Value | 191 | 190 |
Total Unrealized Losses | $ (3) | $ (9) |
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less Than Twelve Months # of Investments | 1 | |
Less Than Twelve Months Fair Value | $ 4,060 | |
Less Than Twelve Months Unrealized Losses | $ (10) | |
Twelve Months or More # of Investments | 0 | |
Twelve Months or More Fair Value | $ 0 | |
Twelve Months or More Unrealized Losses | 0 | |
Total Fair Value | 4,060 | |
Total Unrealized Losses | $ (10) | |
US Government Agencies Debt Securities [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 | 14 | 14 |
Twelve Months or More Fair Value | $ 69,233 | $ 68,735 |
Twelve Months or More Unrealized Losses | (740) | (1,236) |
Total Fair Value | 69,233 | 68,735 |
Total Unrealized Losses | $ (740) | $ (1,236) |
US States and Political Subdivisions Debt Securities [Member] | Other Marketable Securities [Member] | ||
Less Than Twelve Months # of Investments | 0 | 3 |
Less Than Twelve Months Fair Value | $ 0 | $ 498 |
Less Than Twelve Months Unrealized Losses | $ 0 | $ (2) |
Twelve Months or More # of Investments | 6 | 8 |
Twelve Months or More Fair Value | $ 1,240 | $ 1,467 |
Twelve Months or More Unrealized Losses | (4) | (8) |
Total Fair Value | 1,240 | 1,965 |
Total Unrealized Losses | $ (4) | $ (10) |
Corporate Debt Securities [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 | $ 140 | $ 172 |
Twelve Months or More Unrealized Losses | (1) | (1) |
Total Fair Value | 140 | 172 |
Total Unrealized Losses | $ (1) | $ (1) |
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 | $ 595 | $ 560 |
Twelve Months or More Unrealized Losses | (105) | (140) |
Total Fair Value | 595 | 560 |
Total Unrealized Losses | $ (105) | $ (140) |
Note 7 - Securities Available_4
Note 7 - Securities Available for Sale - Summary of Securities Available for Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Securities available for sale, amortized cost | $ 80,783 | $ 81,502 |
Investment securities available for sale, gross unrealized gains | 39 | 1 |
Investment securities available for sale, gross unrealized losses | (890) | (1,523) |
Securities available for sale | 79,932 | 79,980 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, amortized cost | 7,748 | 8,159 |
Investment securities available for sale, gross unrealized gains | 35 | 0 |
Investment securities available for sale, gross unrealized losses | (40) | (136) |
Securities available for sale | 7,743 | 8,023 |
Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 73,035 | 73,343 |
Investment securities available for sale, gross unrealized gains | 4 | 1 |
Investment securities available for sale, gross unrealized losses | (850) | (1,387) |
Securities available for sale | 72,189 | 71,957 |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale, amortized cost | 3,694 | 3,886 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (37) | (117) |
Securities available for sale | 3,657 | 3,769 |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Collateralized Mortgage Obligations [Member] | ||
Securities available for sale, amortized cost | 194 | 199 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (3) | (9) |
Securities available for sale | 191 | 190 |
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale, amortized cost | 3,860 | 4,074 |
Investment securities available for sale, gross unrealized gains | 35 | 0 |
Investment securities available for sale, gross unrealized losses | 0 | (10) |
Securities available for sale | 3,895 | 4,064 |
US Government Agencies Debt Securities [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 69,973 | 69,971 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (740) | (1,236) |
Securities available for sale | 69,233 | 68,735 |
US States and Political Subdivisions Debt Securities [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 2,075 | 2,378 |
Investment securities available for sale, gross unrealized gains | 4 | 1 |
Investment securities available for sale, gross unrealized losses | (4) | (10) |
Securities available for sale | 2,075 | 2,369 |
Corporate Debt Securities [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 142 | 173 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (1) | (1) |
Securities available for sale | 141 | 172 |
Preferred Stock [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 700 | 700 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (105) | (140) |
Securities available for sale | 595 | 560 |
Equity Securities [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 145 | 121 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | 0 | 0 |
Securities available for sale | $ 145 | $ 121 |
Note 7 - Securities Available_5
Note 7 - Securities Available for Sale - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Due less than one year, amortized cost | $ 7,356 | |
Due less than one year, fair value | 7,303 | |
Due after one year through five years, amortized cost | 70,258 | |
Due after one year through five years, fair value | 69,568 | |
Due after five years through ten years, amortized cost | 2,257 | |
Due after five years through ten years, fair value | 2,255 | |
Due after ten years, amortized cost | 767 | |
Due after ten years, fair value | 661 | |
No stated maturity, amortized cost | 145 | |
No stated maturity, fair value | 145 | |
Total, amortized cost | 80,783 | $ 81,502 |
Total, fair value | $ 79,932 | $ 79,980 |
Note 8 - Loans Receivable, Ne_2
Note 8 - Loans Receivable, Net - Loans Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Loans receivable | $ 607,644 | $ 594,856 | ||
Unamortized discounts | 16 | 17 | ||
Net deferred loan costs | (507) | (535) | ||
Allowance for loan losses | 8,673 | 8,686 | $ 9,129 | $ 9,311 |
Total loans receivable, net | 599,462 | 586,688 | ||
Residential Portfolio Segment [Member] | ||||
Loans receivable | 109,210 | 110,698 | ||
Allowance for loan losses | 933 | 833 | 809 | 900 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans receivable | 349,864 | 336,130 | ||
Allowance for loan losses | 4,892 | 4,869 | 5,198 | 5,073 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Loans receivable | 198,379 | 195,564 | ||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||
Loans receivable | 151,485 | 140,566 | ||
Consumer Portfolio Segment [Member] | ||||
Loans receivable | 73,085 | 72,532 | ||
Allowance for loan losses | 1,588 | 1,622 | 1,423 | 1,630 |
Commercial Portfolio Segment [Member] | ||||
Loans receivable | 75,485 | 75,496 | ||
Allowance for loan losses | $ 1,260 | $ 1,362 | $ 1,699 | $ 1,708 |
Note 9 - Allowance for Loan L_3
Note 9 - Allowance for Loan Losses and Credit Quality Information (Details Textual) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | $ 2,522 | $ 2,678 | ||
Impaired Financing Receivable, Related Allowance | 819 | 794 | ||
Financing Receivable, Troubled Debt Restructuring | 2,423 | 2,476 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 800 | 900 | ||
Loan to Value Ratio | 75.00% | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | ||
Loans and Leases Receivable, Allowance, Reserves for TDRs | $ 600 | $ 600 | ||
Percentage Reserves For Loan Losses On Troubled Debt Restructurings | 7.00% | 7.20% | ||
Loans and Leases Receivable, Allowance, Ending Balance | $ 8,673 | $ 9,129 | $ 8,686 | $ 9,311 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 200 | |||
Provision for Loan and Lease Losses, Total | 27 | (125) | ||
Impaired Loans with Sufficient Collateral to Repay Loan [Member] | ||||
Loan Receivable for Which Value of Collateral Sufficient to Repay | 300 | 400 | ||
Acquired Loans [Member] | ||||
Provision for Loan and Lease Losses, Total | 0 | |||
Nonperforming Financial Instruments [Member] | ||||
Impaired Financing Receivable, Related Allowance | 700 | 700 | ||
Financing Receivable, Troubled Debt Restructuring | 1,455 | 1,458 | ||
Nonperforming Financial Instruments [Member] | Classified [Member] | ||||
Financing Receivable, Troubled Debt Restructuring | 1,300 | |||
Performing Financial Instruments [Member] | ||||
Financing Receivable, Troubled Debt Restructuring | $ 968 | $ 1,018 | ||
Performing Financial Instruments [Member] | Classified [Member] | ||||
Financing Receivable, Troubled Debt Restructuring | $ 100 |
Note 9 - Allowance for Loan L_4
Note 9 - Allowance for Loan Losses and Credit Quality Information - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | |
Balance | $ 8,686 | $ 9,311 | ||
Provision for losses | 27 | (125) | ||
Charge-offs | (82) | (92) | ||
Recoveries | 42 | 35 | ||
Balance | 8,673 | 9,129 | ||
Specific reserves | $ 819 | $ 794 | ||
General reserves | 7,854 | 7,892 | ||
Balance | 8,673 | 9,311 | 8,673 | 8,686 |
Individually reviewed for impairment | 3,490 | 3,696 | ||
Collectively reviewed for impairment | 604,154 | 591,160 | ||
Ending balance | 607,644 | 594,856 | ||
Residential Portfolio Segment [Member] | ||||
Balance | 833 | 900 | ||
Provision for losses | 100 | (68) | ||
Charge-offs | 0 | (23) | ||
Recoveries | 0 | 0 | ||
Balance | 933 | 809 | ||
Specific reserves | 123 | 98 | ||
General reserves | 810 | 735 | ||
Balance | 833 | 900 | 933 | 833 |
Individually reviewed for impairment | 1,247 | 1,226 | ||
Collectively reviewed for impairment | 107,963 | 109,472 | ||
Ending balance | 109,210 | 110,698 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 4,869 | 5,073 | ||
Provision for losses | 13 | 118 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 10 | 7 | ||
Balance | 4,892 | 5,198 | ||
Specific reserves | 453 | 451 | ||
General reserves | 4,439 | 4,418 | ||
Balance | 4,869 | 5,073 | 4,892 | 4,869 |
Individually reviewed for impairment | 1,276 | 1,311 | ||
Collectively reviewed for impairment | 348,588 | 334,819 | ||
Ending balance | 349,864 | 336,130 | ||
Consumer Portfolio Segment [Member] | ||||
Balance | 1,622 | 1,630 | ||
Provision for losses | 3 | (145) | ||
Charge-offs | (39) | (69) | ||
Recoveries | 2 | 7 | ||
Balance | 1,588 | 1,423 | ||
Specific reserves | 153 | 172 | ||
General reserves | 1,435 | 1,450 | ||
Balance | 1,622 | 1,630 | 1,588 | 1,622 |
Individually reviewed for impairment | 620 | 856 | ||
Collectively reviewed for impairment | 72,465 | 71,676 | ||
Ending balance | 73,085 | 72,532 | ||
Commercial Portfolio Segment [Member] | ||||
Balance | 1,362 | 1,708 | ||
Provision for losses | (89) | (30) | ||
Charge-offs | (43) | 0 | ||
Recoveries | 30 | 21 | ||
Balance | 1,260 | 1,699 | ||
Specific reserves | 90 | 73 | ||
General reserves | 1,170 | 1,289 | ||
Balance | $ 1,362 | $ 1,708 | 1,260 | 1,362 |
Individually reviewed for impairment | 347 | 303 | ||
Collectively reviewed for impairment | 75,138 | 75,193 | ||
Ending balance | $ 75,485 | $ 75,496 |
Note 9 - Allowance for Loan L_5
Note 9 - Allowance for Loan Losses and Credit Quality Information - Classified and Unclassified Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Loans receivable | $ 607,644 | $ 594,856 |
Classified [Member] | ||
Loans receivable | 31,815 | 32,591 |
Classified [Member] | Special Mention [Member] | ||
Loans receivable | 19,512 | 17,240 |
Classified [Member] | Substandard [Member] | ||
Loans receivable | 12,067 | 15,164 |
Classified [Member] | Doubtful [Member] | ||
Loans receivable | 131 | 81 |
Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans receivable | 105 | 106 |
Unclassified [Member] | ||
Loans receivable | 575,829 | 562,265 |
Residential Portfolio Segment [Member] | ||
Loans receivable | 109,210 | 110,698 |
Residential Portfolio Segment [Member] | Classified [Member] | ||
Loans receivable | 1,818 | 1,961 |
Residential Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | ||
Loans receivable | 571 | 150 |
Residential Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | ||
Loans receivable | 1,152 | 1,771 |
Residential Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | ||
Loans receivable | 95 | 40 |
Residential Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans receivable | 0 | 0 |
Residential Portfolio Segment [Member] | Unclassified [Member] | ||
Loans receivable | 107,392 | 108,737 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 349,864 | 336,130 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 198,379 | 195,564 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 151,485 | 140,566 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Real Estate Loan [Member] | ||
Loans receivable | 10,831 | 10,369 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 10,240 | 9,997 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Real Estate Loan [Member] | ||
Loans receivable | 8,101 | 5,564 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 5,201 | 4,879 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Real Estate Loan [Member] | ||
Loans receivable | 2,730 | 4,805 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 5,039 | 5,118 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Real Estate Loan [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Real Estate Loan [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Real Estate Loan [Member] | ||
Loans receivable | 187,548 | 185,195 |
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 141,245 | 130,569 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 73,085 | 72,532 |
Consumer Portfolio Segment [Member] | Classified [Member] | ||
Loans receivable | 617 | 856 |
Consumer Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | ||
Loans receivable | 476 | 709 |
Consumer Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | ||
Loans receivable | 36 | 41 |
Consumer Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans receivable | 105 | 106 |
Consumer Portfolio Segment [Member] | Unclassified [Member] | ||
Loans receivable | 72,468 | 71,676 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 75,485 | 75,496 |
Commercial Portfolio Segment [Member] | Classified [Member] | ||
Loans receivable | 8,309 | 9,408 |
Commercial Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | ||
Loans receivable | 5,639 | 6,647 |
Commercial Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | ||
Loans receivable | 2,670 | 2,761 |
Commercial Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Unclassified [Member] | ||
Loans receivable | $ 67,176 | $ 66,088 |
Note 9 - Allowance for Loan L_6
Note 9 - Allowance for Loan Losses and Credit Quality Information - Aging of Past Due Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Loans past due | $ 2,054 | $ 1,873 |
Current loans | 605,590 | 592,983 |
Loans receivable | 607,644 | 594,856 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Loans past due | 889 | 1,082 |
Current loans | 108,321 | 109,616 |
Loans receivable | 109,210 | 110,698 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 349,864 | 336,130 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 198 | 0 |
Current loans | 198,181 | 195,564 |
Loans receivable | 198,379 | 195,564 |
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 | 273 | 0 |
Current loans | 151,212 | 140,566 |
Loans receivable | 151,485 | 140,566 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans past due | 559 | 770 |
Current loans | 72,526 | 71,762 |
Loans receivable | 73,085 | 72,532 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans past due | 135 | 21 |
Current loans | 75,350 | 75,475 |
Loans receivable | 75,485 | 75,496 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans past due | 1,625 | 1,092 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 798 | 680 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 198 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 273 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 301 | 391 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due | 55 | 21 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans past due | 180 | 425 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 0 | 325 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 180 | 100 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans past due | 249 | 356 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 91 | 77 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 78 | 279 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due | $ 80 | $ 0 |
Note 9 - Allowance for Loan L_7
Note 9 - Allowance for Loan Losses and Credit Quality Information - Impaired Loans and Related Allowances (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Related allowance | $ 819 | $ 794 | |
Recorded investment | 3,490 | 3,696 | |
Unpaid principal balance | 5,717 | 5,923 | |
Average recorded investment | 3,595 | $ 4,156 | |
Interest income recognized | 43 | 37 | |
Residential Portfolio Segment [Member] | |||
Recorded investment, with no related allowance | 438 | 458 | |
Unpaid principal balance, with no related allowance | 457 | 477 | |
Recorded investment, with related allowance | 809 | 768 | |
Unpaid principal balance, with related allowance | 809 | 768 | |
Related allowance | 123 | 98 | |
Recorded investment | 1,247 | 1,226 | |
Unpaid principal balance | 1,266 | 1,245 | |
Average recorded investment, with no related allowance | 448 | 424 | |
Interest income recognized, with no related allowance | 4 | 6 | |
Average recorded investment, with related allowance | 789 | 924 | |
Interest income recognized, with related allowance | 3 | 0 | |
Average recorded investment | 1,237 | 1,348 | |
Interest income recognized | 7 | 6 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Related allowance | 453 | 451 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | |||
Recorded investment, with no related allowance | 25 | 25 | |
Unpaid principal balance, with no related allowance | 1,681 | 1,682 | |
Recorded investment, with related allowance | 1,052 | 1,085 | |
Unpaid principal balance, with related allowance | 1,052 | 1,085 | |
Related allowance | 432 | 430 | |
Recorded investment | 1,077 | 1,110 | |
Unpaid principal balance | 2,733 | 2,767 | |
Average recorded investment, with no related allowance | 25 | 95 | |
Interest income recognized, with no related allowance | 30 | 24 | |
Average recorded investment, with related allowance | 1,069 | 1,314 | |
Interest income recognized, with related allowance | 0 | 0 | |
Average recorded investment | 1,094 | 1,409 | |
Interest income recognized | 30 | 24 | |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Recorded investment, with related allowance | 199 | 201 | |
Unpaid principal balance, with related allowance | 199 | 201 | |
Related allowance | 21 | 21 | |
Recorded investment | 199 | 201 | |
Unpaid principal balance | 199 | 201 | |
Average recorded investment, with no related allowance | 0 | 35 | |
Interest income recognized, with no related allowance | 0 | 0 | |
Average recorded investment, with related allowance | 200 | 0 | |
Interest income recognized, with related allowance | 0 | 0 | |
Average recorded investment | 200 | 35 | |
Interest income recognized | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Recorded investment, with no related allowance | 382 | 515 | |
Unpaid principal balance, with no related allowance | 382 | 515 | |
Recorded investment, with related allowance | 238 | 341 | |
Unpaid principal balance, with related allowance | 238 | 341 | |
Related allowance | 153 | 172 | |
Recorded investment | 620 | 856 | |
Unpaid principal balance | 620 | 856 | |
Average recorded investment, with no related allowance | 449 | 409 | |
Interest income recognized, with no related allowance | 2 | 2 | |
Average recorded investment, with related allowance | 290 | 461 | |
Interest income recognized, with related allowance | 3 | 3 | |
Average recorded investment | 739 | 870 | |
Interest income recognized | 5 | 5 | |
Commercial Portfolio Segment [Member] | |||
Recorded investment, with related allowance | 347 | 303 | |
Unpaid principal balance, with related allowance | 899 | 854 | |
Related allowance | 90 | 73 | |
Recorded investment | 347 | 303 | |
Unpaid principal balance | 899 | $ 854 | |
Average recorded investment, with related allowance | 325 | 494 | |
Interest income recognized, with related allowance | 1 | 2 | |
Average recorded investment | 325 | 494 | |
Interest income recognized | $ 1 | $ 2 |
Note 9 - Allowance for Loan L_8
Note 9 - Allowance for Loan Losses and Credit Quality Information - Non-accrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Non-accrual loans | $ 2,522 | $ 2,678 |
Residential Portfolio Segment [Member] | ||
Non-accrual loans | 751 | 730 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Non-accrual loans | 199 | 201 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Non-accrual loans | 1,077 | 1,110 |
Consumer Portfolio Segment [Member] | ||
Non-accrual loans | 283 | 489 |
Commercial Portfolio Segment [Member] | ||
Non-accrual loans | $ 212 | $ 148 |
Note 9 - Allowance for Loan L_9
Note 9 - Allowance for Loan Losses and Credit Quality Information - Troubled Debt Restructurings (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Troubled debt restructurings | $ 2,423 | $ 2,476 |
Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 968 | 1,018 |
Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 1,455 | 1,458 |
Residential Portfolio Segment [Member] | ||
Troubled debt restructurings | 654 | 636 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 496 | 496 |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 158 | 140 |
Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt restructurings | 1,077 | 1,110 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 1,077 | 1,110 |
Consumer Portfolio Segment [Member] | ||
Troubled debt restructurings | 508 | 522 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 337 | 367 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 171 | 155 |
Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings | 184 | 208 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 135 | 155 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | $ 49 | $ 53 |
Note 9 - Allowance for Loan _10
Note 9 - Allowance for Loan Losses and Credit Quality Information - Financial Effects of Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | |
Number of Contracts | 3 | 8 |
Pre- modification Outstanding Recorded Investment | $ 47 | $ 1,570 |
Post- modification Outstanding Recorded Investment | $ 50 | $ 1,574 |
Residential Portfolio Segment [Member] | ||
Number of Contracts | 1 | 1 |
Pre- modification Outstanding Recorded Investment | $ 21 | $ 55 |
Post- modification Outstanding Recorded Investment | $ 24 | $ 58 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Number of Contracts | 0 | 1 |
Pre- modification Outstanding Recorded Investment | $ 0 | $ 54 |
Post- modification Outstanding Recorded Investment | $ 0 | $ 54 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Number of Contracts | 0 | 1 |
Pre- modification Outstanding Recorded Investment | $ 0 | $ 1,274 |
Post- modification Outstanding Recorded Investment | $ 0 | $ 1,274 |
Consumer Portfolio Segment [Member] | ||
Number of Contracts | 2 | 4 |
Pre- modification Outstanding Recorded Investment | $ 26 | $ 117 |
Post- modification Outstanding Recorded Investment | $ 26 | $ 118 |
Commercial Portfolio Segment [Member] | ||
Number of Contracts | 0 | 1 |
Pre- modification Outstanding Recorded Investment | $ 0 | $ 70 |
Post- modification Outstanding Recorded Investment | $ 0 | $ 70 |
Note 9 - Allowance for Loan _11
Note 9 - Allowance for Loan Losses and Credit Quality Information - Purchased Loans Acquired Through Acquisition (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Purchased performing loans: | |
Carrying Amount | $ 200 |
Purchased Performing Loans [Member] | |
Purchased performing loans: | |
Contractual Principle Receivable | 7,313 |
Contractual Principle Receivable, change due to payments/refinances | (203) |
Contractual Principle Receivable, contractual Principle Receivable | 7,110 |
Accretable Difference | (182) |
Accretable Difference, change due to payments/refinances | 9 |
Accretable Difference | (173) |
Carrying Amount | 7,131 |
Carrying Amount, change due to payments/refinances | (194) |
Carrying Amount | 6,937 |
Purchased Credit Impaired Loans [Member] | |
Purchased performing loans: | |
Contractual Principle Receivable | 188 |
Contractual Principle Receivable, change due to payments/refinances | (2) |
Contractual Principle Receivable, contractual Principle Receivable | 186 |
Non-accretable difference | (6) |
Non-accretable difference, change due to payments/refinances | 1 |
Non-accretable difference | (5) |
Carrying Amount | 182 |
Carrying Amount, change due to payments/refinances | (1) |
Carrying Amount | $ 181 |
Note 10 - Intangible Assets (De
Note 10 - Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Amortization of Intangible Assets, Total | $ 164,000 | $ 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, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Balance, beginning of period | $ 1,855 | $ 1,724 | $ 1,724 |
Originations | 116 | 126 | 682 |
Amortization | (140) | (126) | (551) |
Balance, end of period | 1,831 | 1,724 | 1,855 |
Fair value of mortgage servicing rights | $ 3,702 | $ 3,458 | $ 3,901 |
Note 10 - Intangible Assets - R
Note 10 - Intangible Assets - Risk Characteristics of Loans Being Serviced (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Original Term Thirty Year Fixed Rate [Member] | |
Loan Principal Balance | $ 304,600 |
Weighted Average Interest Rate | 4.19% |
Weighted Average Remaining Term (Month) | 25 years 180 days |
Number of Loans | 2,333 |
Original Term Fifteen Year Fixed Rate [Member] | |
Loan Principal Balance | $ 91,584 |
Weighted Average Interest Rate | 3.19% |
Weighted Average Remaining Term (Month) | 10 years 240 days |
Number of Loans | 951 |
Adjustable Rate [Member] | |
Loan Principal Balance | $ 53 |
Weighted Average Interest Rate | 4.38% |
Weighted Average Remaining Term (Month) | 22 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, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Finite-lived intangible assets, accumulated amortization | $ (3,077) | $ (2,802) | |
Finite-lived intangible assets, unamortized intangible assets | 2,062 | ||
Goodwill, gross carrying amount | 802 | 802 | |
Goodwill, accumulated impairment | 0 | 0 | |
Goodwill | 802 | $ 802 | 802 |
Intangible assets (including goodwill), gross carrying amount | 5,941 | 5,658 | |
Intangible assets, unamortized intangible assets | 2,864 | 2,856 | |
Mortgage Servicing Rights [Member] | |||
Finite-lived intangible assets, gross carrying amount | 4,565 | 4,282 | |
Finite-lived intangible assets, accumulated amortization | (2,734) | (2,558) | |
Finite-lived intangible assets, unamortized intangible assets | 1,831 | 1,724 | |
Core Deposits [Member] | |||
Finite-lived intangible assets, gross carrying amount | 574 | 574 | |
Finite-lived intangible assets, accumulated amortization | (343) | (244) | |
Finite-lived intangible assets, unamortized intangible assets | $ 231 | $ 330 |
Note 10 - Intangible Assets - E
Note 10 - Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 |
2019 | $ 430 | |
2020 | 501 | |
2021 | 405 | |
2022 | 309 | |
2023 | 222 | |
Thereafter | 195 | |
Total | 2,062 | |
Mortgage Servicing Rights [Member] | ||
2019 | 355 | |
2020 | 402 | |
2021 | 358 | |
2022 | 299 | |
2023 | 222 | |
Thereafter | 195 | |
Total | 1,831 | $ 1,724 |
Core Deposits [Member] | ||
2019 | 75 | |
2020 | 99 | |
2021 | 47 | |
2022 | 10 | |
2023 | 0 | |
Thereafter | 0 | |
Total | $ 231 | $ 330 |
Note 11 - Leases (Details Textu
Note 11 - Leases (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Jan. 01, 2019 | |
Operating Lease, Right-of-Use Asset | $ 4,400 | |
Operating Lease, Liability, Total | $ 4,387 | |
Minimum [Member] | ||
Lessee, Operating Leases, Remaining Lease Term | 1 year | |
Lessee, Operating Lease, Renewal Term | 3 years | |
Maximum [Member] | ||
Lessee, Operating Leases, Remaining Lease Term | 6 years | |
Lessee, Operating Lease, Renewal Term | 10 years | |
Accounting Standards Update 2016-02 [Member] | Other Assets [Member] | ||
Operating Lease, Right-of-Use Asset | $ 4,500 | |
Accounting Standards Update 2016-02 [Member] | Other Liabilities [Member] | ||
Operating Lease, Liability, Total | $ 4,500 |
Note 11 - Leases - Summary of N
Note 11 - Leases - Summary of Net Lease Cost (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Operating lease cost. | $ 225 |
Note 11 - Leases - Summary of O
Note 11 - Leases - Summary of Other Information Related to Operating Leases (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Cash paid for amounts included in the measurement of lease liabilities | |
Operating cash flows from operating leases | $ 225 |
Weighted-average remaining lease term – operating leases (Year) | 5 years 146 days |
Weighted-average discount rate – operating leases | 2.60% |
Note 11 - Leases - Maturity of
Note 11 - Leases - Maturity of Remaining Lease Liabilities (Details) $ in Thousands | Mar. 31, 2019USD ($) |
2019 | $ 662 |
2020 | 858 |
2021 | 853 |
2022 | 889 |
2023 | 764 |
2024 and thereafter | 685 |
Total lease payments | 4,711 |
Less: Interest | (324) |
Operating Lease, Liability, Total | $ 4,387 |
Note 12 - Earnings Per Common_3
Note 12 - Earnings Per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Weighted average number of common shares outstanding used in basic earnings per common share calculation (in shares) | 4,598,234 | 4,236,861 |
Restricted stock awards, options, and warrants (in shares) | 28,503 | 665,389 |
Weighted average number of shares outstanding adjusted for effect of dilutive securities (in shares) | 4,626,737 | 4,902,250 |
Income available to common shareholders | $ 1,620 | $ 1,445 |
Basic earnings per share (in dollars per share) | $ 0.35 | $ 0.34 |
Diluted earnings per share (in dollars per share) | $ 0.35 | $ 0.29 |
Note 13 - Regulatory Capital _3
Note 13 - Regulatory Capital and Oversight (Details Textual) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Mar. 31, 2019 | |
Banks Tangible Assets | $ 723 | |
Adjusted Assets | 721.8 | |
Risk Weighted Assets | $ 622.7 | |
Forecast [Member] | ||
Capital Conservation Buffer | 2.50% |
Note 13 - Regulatory Capital _4
Note 13 - Regulatory Capital and Oversight - Capital Amounts and Ratios (Details) $ in Thousands | Mar. 31, 2019USD ($) | |
Common equity tier 1 capital, actual amount | $ 81,340 | |
Common equity tier 1 capital, actual percent of asset | 13.06% | [1] |
Common equity tier 1 capital, amount required to be adequately capitalized | $ 28,020 | |
Common equity tier 1 capital, percent of assets required to be adequately capitalized | 4.50% | [1] |
Common equity tier 1 capital, excess capital amount | $ 53,320 | |
Common equity tier 1 capital, excess capital percent of assets | 8.56% | [1] |
Common equity tier 1 capital, amount to be well capitalized under prompt corrective action provisions | $ 40,473 | |
Common equity tier 1 capital, percent of assets to be well capitalized under prompt corrective action provisions | 6.50% | [1] |
Tier 1 leverage, actual amount | $ 81,340 | |
Tier 1 leverage, actual percent of asset | 11.27% | [1] |
Tier 1 leverage, amount required to be adequately capitalized | $ 28,871 | |
Tier 1 leverage, percent of assets required to be adequately capitalized | 4.00% | [1] |
Tier 1 leverage, excess capital amount | $ 52,469 | |
Tier 1 leverage, excess capital percent of assets | 7.27% | [1] |
Tier 1 leverage, amount to be well capitalized under prompt corrective action provisions | $ 36,089 | |
Tier 1 leverage, percent of assets to be well capitalized under prompt corrective action provisions | 5.00% | [1] |
Tier 1 risk-based capital, actual amount | $ 81,340 | |
Tier 1 risk-based capital, actual percent of asset | 13.06% | [1] |
Tier 1 risk-based capital, amount required to be adequately capitalized | $ 37,360 | |
Tier 1 risk-based capital, percent of assets required to be adequately capitalized | 6.00% | [1] |
Tier 1 risk-based capital, excess capital amount | $ 43,980 | |
Tier 1 risk-based capital, excess capital percent of assets | 7.06% | [1] |
Tier 1 risk-based capital, amount to be well capitalized under prompt corrective action provisions | $ 49,813 | |
Tier 1 risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions | 8.00% | [1] |
Total risk-based capital, actual amount | $ 89,134 | |
Total risk-based capital, actual percent of asset | 14.31% | [1] |
Total risk-based capital, amount required to be adequately capitalized | $ 49,813 | |
Total risk-based capital, percent of assets required to be adequately capitalized | 8.00% | [1] |
Total risk-based capital, excess capital amount | $ 39,321 | |
Total risk-based capital, excess capital percent of assets | 6.31% | [1] |
Total risk-based capital, amount to be well capitalized under prompt corrective action provisions | $ 62,267 | |
Total risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions | 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 14 - Stockholders' Equity
Note 14 - Stockholders' Equity (Details Textual) shares in Thousands, $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($)shares | |
Payments of Dividends, Total | $ 0 |
New Share Repurchase Program [Member] | |
Stock Repurchase Program, Authorized Amount | $ 6,000 |
Stock Repurchased During Period, Shares | shares | 0 |
Note 15 - Commitments (Details
Note 15 - Commitments (Details Textual) $ in Millions | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Letters of Credit Issued and Available Amount | $ 3.2 |
Line of Credit Facility, Expiration Period | 3 years 180 days |
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, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Interest income - external customers | $ 7,732 | $ 7,158 | |
Total non-interest income | 1,691 | 1,776 | |
Intersegment non-interest income | 0 | 0 | |
Interest expense | 690 | 470 | |
Non-interest expense | 6,446 | 6,554 | |
Income tax expense | 640 | 590 | |
Net income | 1,620 | 1,445 | |
Total assets | 722,745 | 722,339 | $ 712,315 |
Intersegment non-interest income | 0 | 0 | |
Consolidation, Eliminations [Member] | |||
Interest income - external customers | 0 | 0 | |
Total non-interest income | 0 | 0 | |
Intersegment non-interest income | (1,821) | (1,647) | |
Interest expense | 0 | 0 | |
Non-interest expense | (59) | (53) | |
Income tax expense | 0 | 0 | |
Net income | (1,762) | (1,594) | |
Total assets | (84,537) | (83,128) | |
Intersegment non-interest income | (1,821) | (1,647) | |
Home Federal Savings Bank [Member] | Operating Segments [Member] | |||
Interest income - external customers | 7,732 | 7,158 | |
Total non-interest income | 1,691 | 1,776 | |
Intersegment non-interest income | 59 | 53 | |
Interest expense | 690 | 470 | |
Non-interest expense | 6,332 | 6,425 | |
Income tax expense | 671 | 623 | |
Net income | 1,762 | 1,594 | |
Total assets | 721,736 | 722,158 | |
Intersegment non-interest income | 59 | 53 | |
Other Segments [Member] | Operating Segments [Member] | |||
Interest income - external customers | 0 | 0 | |
Total non-interest income | 0 | 0 | |
Intersegment non-interest income | 1,762 | 1,594 | |
Interest expense | 0 | 0 | |
Non-interest expense | 173 | 182 | |
Income tax expense | (31) | (33) | |
Net income | 1,620 | 1,445 | |
Total assets | 85,546 | 83,309 | |
Intersegment non-interest income | $ 1,762 | $ 1,594 |