Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Oct. 31, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | PEOPLES FINANCIAL CORP /MS/ | |
Entity Central Index Key | 0000770460 | |
Trading Symbol | pfbx | |
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) | 4,943,186 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Title of 12(g) Security | Common, $1.00 Par Value |
Consolidated Statements of Cond
Consolidated Statements of Condition (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Assets | ||
Cash and due from banks | $ 28,479 | $ 17,191 |
Available for sale securities | 219,930 | 222,110 |
Held to maturity securities, fair value of $56,416 at September 30, 2019; $53,459 at December 31, 2018 | 55,262 | 54,598 |
Other investments | 2,693 | 2,811 |
Federal Home Loan Bank Stock, at cost | 2,103 | 2,069 |
Loans | 264,815 | 273,346 |
Less: Allowance for loan losses | 4,383 | 5,340 |
Loans, net | 260,432 | 268,006 |
Bank premises and equipment, net of accumulated depreciation | 17,820 | 18,879 |
Other real estate | 7,606 | 8,943 |
Accrued interest receivable | 2,227 | 1,956 |
Cash surrender value of life insurance | 19,248 | 18,841 |
Other assets | 1,689 | 1,382 |
Total assets | 617,489 | 616,786 |
Deposits: | ||
Demand, non-interest bearing | 134,401 | 114,512 |
Savings and demand, interest bearing | 283,170 | 278,772 |
Time, $100,000 or more | 57,818 | 52,787 |
Other time deposits | 26,057 | 27,435 |
Total deposits | 501,446 | 473,506 |
Borrowings from Federal Home Loan Bank | 1,041 | 36,142 |
Employee and director benefit plans liabilities | 18,782 | 18,415 |
Other liabilities | 1,893 | 1,789 |
Total liabilities | 523,162 | 529,852 |
Shareholders' Equity: | ||
Common stock, $1 par value, 15,000,000 shares authorized, 4,943,186 shares issued and outstanding at September 30, 2019 and December 31, 2018 | 4,943 | 4,943 |
Surplus | 65,780 | 65,780 |
Undivided profits | 20,827 | 20,324 |
Accumulated other comprehensive income (loss), net of tax | 2,777 | (4,113) |
Total shareholders' equity | 94,327 | 86,934 |
Total liabilities and shareholders' equity | $ 617,489 | $ 616,786 |
Consolidated Statements of Co_2
Consolidated Statements of Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Held to maturity securities, fair value | $ 56,416 | $ 53,459 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 15,000,000 | 15,000,000 |
Common stock, shares issued (in shares) | 4,943,186 | 4,943,186 |
Common stock, shares outstanding (in shares) | 4,943,186 | 4,943,186 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Interest income: | ||||
Interest and fees on loans | $ 3,362 | $ 3,335 | $ 10,466 | $ 9,798 |
Interest and dividends on securities: | ||||
U.S. Treasuries | 283 | 343 | 872 | 1,090 |
U.S. Government agencies | 118 | 114 | 360 | 350 |
Mortgage-backed securities | 801 | 662 | 2,419 | 1,835 |
States and political subdivisions | 425 | 438 | 1,321 | 1,317 |
Collateralized mortgage obligations | 50 | 100 | ||
Other investments | 4 | 10 | 44 | 20 |
Interest on balances due from depository institutions | 98 | 80 | 289 | 179 |
Total interest income | 5,141 | 4,982 | 15,871 | 14,589 |
Interest expense: | ||||
Deposits | 770 | 682 | 2,382 | 1,689 |
Federal funds purchased | 1 | 8 | ||
Borrowings from Federal Home Loan Bank | 42 | 26 | 200 | 131 |
Total interest expense | 812 | 709 | 2,582 | 1,828 |
Net interest income | 4,329 | 4,273 | 13,289 | 12,761 |
Provision for allowance for loan losses | 59 | 28 | 169 | 91 |
Net interest income after provision for allowance for loan losses | 4,270 | 4,245 | 13,120 | 12,670 |
Non-interest income: | ||||
Gain on liquidation, sales and calls of securities | 61 | 61 | ||
Increase in cash surrender value of life insurance | 110 | 109 | 326 | 349 |
Other income | 142 | 123 | 405 | 364 |
Total non-interest income | 1,723 | 1,648 | 4,788 | 4,844 |
Non-interest expense: | ||||
Salaries and employee benefits | 2,758 | 2,706 | 8,269 | 8,260 |
Net occupancy | 530 | 559 | 1,546 | 1,449 |
Equipment rentals, depreciation and maintenance | 790 | 753 | 2,462 | 2,352 |
FDIC and state banking assessments | 104 | 111 | 294 | 322 |
Data processing | 343 | 359 | 1,000 | 1,016 |
ATM expense | 181 | 167 | 511 | 439 |
Other real estate expense | 148 | 174 | 638 | 658 |
Loss from other investments | 6 | 115 | 118 | 214 |
Other expense | 657 | 777 | 2,517 | 2,277 |
Total non-interest expense | 5,517 | 5,721 | 17,355 | 16,987 |
Income before income taxes | 476 | 172 | 553 | 527 |
Income tax | ||||
Net income | $ 476 | $ 172 | $ 553 | $ 527 |
Basic and diluted earnings per share (in dollars per share) | $ 0.09 | $ 0.03 | $ 0.11 | $ 0.10 |
Dividends per share (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.02 | |
Trust Department Income and Fees [Member] | ||||
Non-interest income: | ||||
Revenue from contract with customer | $ 439 | $ 475 | $ 1,225 | $ 1,360 |
Service Charges on Deposit Accounts [Member] | ||||
Non-interest income: | ||||
Revenue from contract with customer | $ 971 | $ 941 | $ 2,771 | $ 2,771 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net income | $ 476 | $ 172 | $ 553 | $ 527 |
Other comprehensive income (loss): | ||||
Net unrealized gain (loss) on available for sale securities | 1,043 | (898) | 6,951 | (3,983) |
Reclassification adjustment for realized gain on available for sale securities called or sold | (61) | (61) | ||
Total other comprehensive income (loss) | 982 | (898) | 6,890 | (3,983) |
Total comprehensive income (loss) | $ 1,458 | $ (726) | $ 7,443 | $ (3,456) |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity (Unaudited Except For Year-Beginning Amounts) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2017 | 5,083,186 | ||||
Balance at Dec. 31, 2017 | $ 5,083 | $ 65,780 | $ 21,563 | $ (2,927) | $ 89,499 |
Net income | 292 | 292 | |||
Other comprehensive income (loss) | (2,594) | (2,594) | |||
Retirement of stock (in shares) | (10,392) | ||||
Retirement of stock | $ (10) | (135) | (145) | ||
Balance (in shares) at Mar. 31, 2018 | 5,072,794 | ||||
Balance at Mar. 31, 2018 | $ 5,073 | 65,780 | 21,720 | (5,521) | 87,052 |
Balance (in shares) at Dec. 31, 2017 | 5,083,186 | ||||
Balance at Dec. 31, 2017 | $ 5,083 | 65,780 | 21,563 | (2,927) | 89,499 |
Net income | 527 | ||||
Other comprehensive income (loss) | (3,983) | ||||
Balance (in shares) at Sep. 30, 2018 | 5,013,186 | ||||
Balance at Sep. 30, 2018 | $ 5,013 | 65,780 | 21,085 | (6,910) | 84,968 |
Balance (in shares) at Mar. 31, 2018 | 5,072,794 | ||||
Balance at Mar. 31, 2018 | $ 5,073 | 65,780 | 21,720 | (5,521) | 87,052 |
Net income | 63 | 63 | |||
Other comprehensive income (loss) | (491) | (491) | |||
Retirement of stock (in shares) | (35,075) | ||||
Retirement of stock | $ (35) | (452) | (487) | ||
Dividends ($ .01 per share) | (51) | (51) | |||
Balance (in shares) at Jun. 30, 2018 | 5,037,719 | ||||
Balance at Jun. 30, 2018 | $ 5,038 | 65,780 | 21,280 | (6,012) | 86,086 |
Net income | 172 | 172 | |||
Other comprehensive income (loss) | (898) | (898) | |||
Retirement of stock (in shares) | (24,533) | ||||
Retirement of stock | $ (25) | (317) | (342) | ||
Dividends ($ .01 per share) | (50) | (50) | |||
Balance (in shares) at Sep. 30, 2018 | 5,013,186 | ||||
Balance at Sep. 30, 2018 | $ 5,013 | 65,780 | 21,085 | (6,910) | 84,968 |
Balance (in shares) at Dec. 31, 2018 | 4,943,186 | ||||
Balance at Dec. 31, 2018 | $ 4,943 | 65,780 | 20,324 | (4,113) | 86,934 |
Net income | 405 | 405 | |||
Other comprehensive income (loss) | 3,346 | 3,346 | |||
Balance (in shares) at Mar. 31, 2019 | 4,943,186 | ||||
Balance at Mar. 31, 2019 | $ 4,943 | 65,780 | 20,729 | (767) | 90,685 |
Balance (in shares) at Dec. 31, 2018 | 4,943,186 | ||||
Balance at Dec. 31, 2018 | $ 4,943 | 65,780 | 20,324 | (4,113) | 86,934 |
Net income | 553 | ||||
Other comprehensive income (loss) | 6,890 | ||||
Balance (in shares) at Sep. 30, 2019 | 4,943,186 | ||||
Balance at Sep. 30, 2019 | $ 4,943 | 65,780 | 20,827 | 2,777 | 94,327 |
Balance (in shares) at Mar. 31, 2019 | 4,943,186 | ||||
Balance at Mar. 31, 2019 | $ 4,943 | 65,780 | 20,729 | (767) | 90,685 |
Net income | (328) | (328) | |||
Other comprehensive income (loss) | 2,562 | 2,562 | |||
Dividends ($ .01 per share) | (50) | (50) | |||
Balance (in shares) at Jun. 30, 2019 | 4,943,186 | ||||
Balance at Jun. 30, 2019 | $ 4,943 | 65,780 | 20,351 | 1,795 | 92,869 |
Net income | 476 | 476 | |||
Other comprehensive income (loss) | 982 | 982 | |||
Balance (in shares) at Sep. 30, 2019 | 4,943,186 | ||||
Balance at Sep. 30, 2019 | $ 4,943 | $ 65,780 | $ 20,827 | $ 2,777 | $ 94,327 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Shareholders' Equity (Unaudited Except For Year-Beginning Amounts) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2019 | Jun. 30, 2019 | Sep. 30, 2018 | Jun. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Dividends per share (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.02 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Cash flows from operating activities: | ||
Net income | $ 553 | $ 527 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 1,426 | 1,462 |
Provision for allowance for loan losses | 169 | 91 |
Writedown of other real estate | 442 | 320 |
Gain on sales of other real estate | (387) | |
Loss from other investments | 118 | 214 |
Amortization of held to maturity securities | 200 | 192 |
Amortization of available for sale securities | 136 | 249 |
Gain on sales and calls of securities | (61) | |
Change in accrued interest receivable | (271) | (348) |
Increase in cash surrender value of life insurance | (326) | (349) |
Change in other assets | (307) | (126) |
Change in employee and director benefit plan liabilities and other liabilities | 471 | 271 |
Net cash provided by operating activities | 2,163 | 2,503 |
Cash flows from investing activities: | ||
Proceeds from maturities, sales and calls of available for sale securities | 42,626 | 46,506 |
Proceeds from maturities of held to maturity securities | 1,740 | 760 |
Purchases of available for sale securities | (33,631) | (26,486) |
Purchases of held to maturity securities | (2,604) | (2,155) |
Purchases of Federal Home Loan Bank stock | (34) | (76) |
Proceeds from sales of other real estate | 2,940 | 1,972 |
Loans, net change | 5,747 | 1,697 |
Acquisition of bank premises and equipment | (367) | (640) |
Investment in cash surrender value of life insurance | (81) | (65) |
Net cash provided by investing activities | 16,336 | 21,513 |
Cash flows from financing activities: | ||
Demand and savings deposits, net change | 24,287 | (22,435) |
Time deposits, net change | 3,653 | (2,342) |
Borrowings from Federal Home Loan Bank | 739,157 | 851,800 |
Repayments to Federal Home Loan Bank | (774,258) | (853,842) |
Cash dividends paid | (50) | (51) |
Stock repurchase | (974) | |
Net cash used in financing activities | (7,211) | (27,844) |
Net increase (decrease) in cash and cash equivalents | 11,288 | (3,828) |
Cash and cash equivalents, beginning of period | 17,191 | 25,281 |
Cash and cash equivalents, end of period | $ 28,479 | $ 21,453 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | 1. Peoples Financial Corporation (the “Company”) is a one two fifty three The accompanying unaudited consolidated financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the financial position of the Company and its subsidiaries as of September 30, 2019 2018 10 The results of operations for the quarter or nine September 30, 2019, not Use of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not Summary of Significant Accounting Policies - The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no 10 December 31, 2018. In April 2019, 2019 04 2019 04” Codification Improvements to Topic 326, 815, Deriv atives and Hedging, and Topic 825, 2019 04 December 31, 2019, not ASU 2016 13, Financial Instruments-Credit Losses (Topic 326 on Financial Instruments 2016 13 December 15, 2019 2016 13 first 2020. October, 2016 13 January 1, 2023, November |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 2. Per share data is based on the weighted average shares of common stock outstanding of 4,943,186 5,051,306 nine September 30, 2019 2018, 4,943,186 5,020,021 September 30, 2019 2018, |
Note 3 - Statements of Cash Flo
Note 3 - Statements of Cash Flows | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 3. The Company has defined cash and cash equivalents as cash and due from banks. The Company paid $2,565,020 $1,816,998 nine September 30, 2019 2018, No nine September 30, 2019 2018. $1,658,274 $3,952,191 nine September 30, 2019 2018, |
Note 4 - Investments
Note 4 - Investments | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 4. The amortized cost and fair value of securities at September 30, 2019 December 31, 2018, Gross Gross Unrealized Unrealized September 30, 2019 Amortized Cost Gains Losses Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 70,898 $ 59 $ (312 ) $ 70,645 U.S. Government agencies 12,493 126 12,619 Mortgage-backed securities 111,121 2,144 (19 ) 113,246 Collateralized mortgage obligations 15,452 309 (100 ) 15,661 States and political subdivisions 7,711 48 7,759 Total available for sale securities $ 217,675 $ 2,686 $ (431 ) $ 219,930 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (32 ) $ 8,153 States and political subdivisions 47,077 1,212 (26 ) 48,263 Total held to maturity securities $ 55,262 $ 1,212 $ (58 ) $ 56,416 Gross Gross Unrealized Unrealized December 31, 2018 Amortized Cost Gains Losses Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 85,866 $ $ (2,443 ) $ 83,423 U.S. Government agencies 17,492 14 (259 ) 17,247 Mortgage-backed securities 112,391 231 (2,278 ) 110,344 States and political subdivisions 10,994 102 11,096 Total available for sale securities $ 226,743 $ 347 $ (4,980 ) $ 222,110 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (371 ) $ 7,814 States and political subdivisions 46,413 89 (857 ) 45,645 Total held to maturity securities $ 54,598 $ 89 $ (1,228 ) $ 53,459 The amortized cost and fair value of debt securities at September 30, 2019 ( may Amortized Cost Fair Value Available for sale securities: Due in one year or less $ 32,815 $ 32,769 Due after one year through five years 50,377 50,207 Due after five years through ten years 20,528 20,751 Due after ten years 2,834 2,957 Mortgage-backed securities 111,121 113,246 Totals $ 217,675 $ 219,930 Held to maturity securities: Due in one year or less $ 2,714 $ 2,721 Due after one year through five years 18,451 18,633 Due after five years through ten years 20,479 20,819 Due after ten years 13,618 14,243 Totals $ 55,262 $ 56,416 Available for sale and held to maturity securities with gross unrealized losses at September 30, 2019 December 31, 2018, Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Unrealized Unrealized September 30, 2019: Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasuries $ $ $ 54,668 $ 312 $ 54,668 $ 312 U.S. Government agencies 3,171 14 4,982 18 8,153 32 Mortgage-backed securities 3,031 15 2,653 4 5,684 19 Collaterized mortgage obligations 10,519 100 10,519 100 States and political subdivisions 1,776 22 610 4 2,386 26 TOTAL $ 18,497 $ 151 $ 62,913 $ 338 $ 81,410 $ 489 December 31, 2018: U.S. Treasuries $ 999 $ 1 $ 82,424 $ 2,442 $ 83,423 $ 2,443 U.S. Government agencies 4,939 61 17,608 569 22,547 630 Mortgage-backed securities 24,834 293 55,649 1,985 80,483 2,278 States and political subdivisions 8,470 122 19,678 735 28,148 857 TOTAL $ 39,242 $ 477 $ 175,359 $ 5,731 $ 214,601 $ 6,208 At September 30, 2019, 11 15 2 5 3 47 2 3 16 136 Management evaluates securities for other-than-temporary impairment on a monthly basis. In performing this evaluation, the length of time and the extent to which the fair value has been less than cost, the fact that the Company’s securities are primarily issued by U.S. Treasury and U.S. Government Agencies and the cause of the decline in value are considered. In addition, the Company does not not not not Proceeds from sales and calls of available for sale securities were $5,051,884 nine September 30, 2019. $61,103 nine September 30, 2019. no 2018. Securities with a fair value of $254,617,712 $206,017,056 September 30, 2019 December 31, 2018, |
Note 5 - Loans
Note 5 - Loans | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5. The composition of the loan portfolio at September 30, 2019 December 31, 2018, September 30, 2019 December 31, 2018 Gaming $ 18,262 $ 25,767 Hotel/motel 47,587 44,112 Real estate, construction 24,033 31,597 Real estate, mortgage 142,820 137,437 Commercial and industrial 25,684 27,505 Other 6,429 6,928 Total $ 264,815 $ 273,346 The age analysis of the loan portfolio, segregated by class of loans, as of September 30, 2019 December 31, 2018, Loans Past Due Greater Number of Days Past Due Than 90 Greater Total Total Days & 30 - 59 60 - 89 Than 90 Past Due Current Loans Still Accruing September 30, 2019: Gaming $ $ $ $ $ 18,262 $ 18,262 $ Hotel/motel 47,587 47,587 Real estate, construction 458 15 35 508 23,525 24,033 Real estate, mortgage 2,503 215 5,704 8,422 134,398 142,820 Commercial and industrial 93 200 189 482 25,202 25,684 Other 75 4 79 6,350 6,429 Total $ 3,129 $ 430 $ 5,932 $ 9,491 $ 255,324 $ 264,815 $ December 31, 2018: Gaming $ $ $ $ $ 25,767 $ 25,767 $ Hotel/motel 44,112 44,112 Real estate, construction 1,987 340 860 3,187 28,410 31,597 Real estate, mortgage 2,866 7,129 1,730 11,725 125,712 137,437 Commercial and industrial 9 110 1,661 1,780 25,725 27,505 Other 107 3 110 6,818 6,928 Total $ 4,969 $ 7,582 $ 4,251 $ 16,802 $ 256,544 $ 273,346 $ The Company monitors the credit quality of its loan portfolio through the use of a loan grading system. A score of 1 5 no 60 89 90 not may An analysis of the loan portfolio by loan grade, segregated by class of loans, as of September 30, 2019 December 31, 2018, Loans With A Grade Of: A, B or C S D E F Total September 30, 2019: Gaming $ 18,262 $ $ $ $ $ 18,262 Hotel/motel 47,587 47,587 Real estate, construction 23,270 196 567 24,033 Real estate, mortgage 114,193 14,625 5,207 8,795 142,820 Commercial and industrial 16,599 8,627 147 311 25,684 Other 6,411 11 7 6,429 Total $ 226,322 $ 23,252 $ 5,561 $ 9,680 $ $ 264,815 December 31, 2018: Gaming $ 21,080 $ $ 4,687 $ $ $ 25,767 Hotel/motel 44,112 44,112 Real estate, construction 29,930 217 1,450 31,597 Real estate, mortgage 108,885 10,430 12,992 5,130 137,437 Commercial and industrial 25,335 218 1,952 27,505 Other 6,904 20 4 6,928 Total $ 236,246 $ 10,430 $ 18,134 $ 8,536 $ $ 273,346 A loan may not September 30, 2019 December 31, 2018, September 30, 2019 December 31, 2018 Real estate, construction $ 567 $ 1,439 Real estate, mortgage 8,670 4,954 Commercial and industrial 231 1,855 Other 5 2 Total $ 9,473 $ 8,250 Prior to 2018, 2018 2019, not $63,000 $69,000 September 30, 2019 December 31, 2018, no September 30, 2019 December 31, 2018. Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of September 30, 2019 December 31, 2018, Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized September 30, 2019: With no related allowance recorded: Real estate, construction $ 336 $ 336 $ $ 355 $ Real estate, mortgage 9,024 9,024 9,149 23 Commercial and industrial 227 189 193 Other 1 1 1 Total 9,588 9,550 9,698 23 With a related allowance recorded: Real estate, construction 231 231 20 231 Real estate, mortgage 699 699 115 673 21 Commercial and industrial 42 42 4 42 Other 4 4 3 1 Total 976 976 142 947 21 Total by class of loans: Real estate, construction 567 567 20 586 Real estate, mortgage 9,723 9,723 115 9,822 44 Commercial and industrial 269 231 4 235 Other 5 5 3 2 Total $ 10,564 $ 10,526 $ 142 $ 10,645 $ 44 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2018: With no related allowance recorded: Real estate, construction $ 1,171 $ 784 $ $ 785 $ Real estate, mortgage 5,508 5,474 5,826 29 Commercial and industrial 2,083 1,855 2,204 Other 2 2 3 Total 8,764 8,115 8,818 29 With a related allowance recorded: Real estate, construction 742 655 283 633 Real estate, mortgage 574 574 101 589 25 Total 1,316 1,229 384 1,222 25 Total by class of loans: Real estate, construction 1,913 1,439 283 1,418 Real estate, mortgage 6,082 6,048 101 6,415 54 Commercial and industrial 2,083 1,855 2,204 Other 2 2 3 Total $ 10,080 $ 9,344 $ 384 $ 10,040 $ 54 |
Note 6 - Allowance for Loan Los
Note 6 - Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | 6. Transactions in the allowance for loan losses for the quarters and nine September 30, 2019 2018, September 30, 2019 2018, Gaming Hotel/Motel Real Estate, Construction Real Estate, Mortgage Commercial and Industrial Other Total For the Nine Months Ended September 30, 2019: Allowance for Loan Losses: Beginning balance $ 416 $ 1,443 $ 429 $ 2,443 $ 476 $ 133 $ 5,340 Charge-offs (403 ) (46 ) (591 ) (208 ) (1,248 ) Recoveries 6 2 24 90 122 Provision (200 ) 127 33 (392 ) 524 77 169 Ending Balance $ 216 $ 1,570 $ 65 $ 2,007 $ 433 $ 92 $ 4,383 For the Quarter Ended September 30, 2019: Allowance for Loan Losses: Beginning Balance $ 289 $ 1,666 $ 221 $ 2,224 $ 440 $ 106 $ 4,946 Charge-offs (591 ) (69 ) (660 ) Recoveries 4 3 31 38 Provision (73 ) (96 ) (160 ) (217 ) 581 24 59 Ending Balance $ 216 $ 1,570 $ 65 $ 2,007 $ 433 $ 92 $ 4,383 Allowance for Loan Losses, September 30, 2019: Ending balance: individually evaluated for impairment $ $ $ 20 $ 187 $ 67 $ 7 $ 281 Ending balance: collectively evaluated for impairment $ 216 $ 1,570 $ 45 $ 1,820 $ 366 $ 85 $ 4,102 Total Loans, September 30, 2019: Ending balance: individually evaluated for impairment $ $ $ 763 $ 14,002 $ 458 $ 18 $ 15,241 Ending balance: collectively evaluated for impairment $ 18,262 $ 47,587 $ 23,270 $ 128,818 $ 25,226 $ 6,411 $ 249,574 Gaming Hotel/Motel Real Estate, Construction Real Estate, Mortgage Commercial and Industrial Other Total For the Nine Months Ended September 30, 2018: Allowance for Loan Losses: Beginning balance $ 536 $ 936 $ 242 $ 3,369 $ 892 $ 178 $ 6,153 Charge-offs (681 ) (372 ) (251 ) (1,304 ) Recoveries 16 188 112 135 451 Provision (129 ) 518 (14 ) (158 ) (218 ) 92 91 Ending Balance $ 407 $ 1,454 $ 244 $ 2,718 $ 414 $ 154 $ 5,391 For the Quarter Ended September 30, 2018: Allowance for Loan Losses: Beginning Balance $ 453 $ 1,355 $ 199 $ 2,840 $ 503 $ 158 $ 5,508 Charge-offs (252 ) (3 ) (95 ) (350 ) Recoveries 15 70 67 53 205 Provision (46 ) 99 30 60 (153 ) 38 28 Ending Balance $ 407 $ 1,454 $ 244 $ 2,718 $ 414 $ 154 $ 5,391 Allowance for Loan Losses, September 30, 2018: Ending balance: individually evaluated for impairment $ $ $ 118 $ 426 $ 124 $ 1 $ 669 Ending balance: collectively evaluated for impairment $ 407 $ 1,454 $ 126 $ 2,292 $ 290 $ 153 $ 4,722 Total Loans, September 30, 2018: Ending balance: individually evaluated for impairment $ 4,889 $ $ 1,681 $ 19,504 $ 2,282 $ 10 $ 28,366 Ending balance: collectively evaluated for impairment $ 20,271 $ 43,505 $ 30,655 $ 122,897 $ 20,657 $ 7,596 $ 245,581 |
Note 7 - Deposits
Note 7 - Deposits | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | 7. Time deposits of $250,000 $39,805,000 $32,137,000 September 30, 2019 December 31, 2018, |
Note 8 - Shareholders' Equity
Note 8 - Shareholders' Equity | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 8. On April 24, 2019, .01 May 10, 2019, May 6, 2019. On November 8, 2019 .02 November 25, 2019 November 20, 2019 On November 8, 2019, 65,000 |
Note 9 - Fair Value Measurement
Note 9 - Fair Value Measurements and Disclosures | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9. The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Available for sale securities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may not Fair Value Hierarchy The Company groups assets and liabilities at fair value in three Level 1 Level 2 not Level 3 one not Following is a description of valuation methodologies used to determine the fair value of financial assets and liabilities. Cash and Due from Banks The carrying amount shown as cash and due from banks approximates fair value. Available for Sale Securities The fair value of available for sale securities is based on quoted market prices. The Company’s available for sale securities are reported at their estimated fair value, which is determined utilizing several sources. The primary source is Interactive Data Corporation, which utilizes pricing models that vary based on asset class and include available trade, bid and other market information and whose methodology includes broker quotes, proprietary models and vast descriptive databases. Another source for determining fair value is matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark securities. The Company’s available for sale securities for which fair value is determined through the use of such pricing models and matrix pricing are classified as Level 2 3 Held to Maturity Securities The fair value of held to maturity securities is based on quoted market prices. Other Investments The carrying amount shown as other investments approximates fair value. Federal Home Loan Bank Stock The carrying amount shown as Federal Home Loan Bank Stock approximates fair value. Loans The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings for the remaining maturities. The cash flows considered in computing the fair value of such loans are segmented into categories relating to the nature of the contract and collateral based on contractual principal maturities. Appropriate adjustments are made to reflect probable credit losses. Cash flows have not third 3 Other R eal E state In the course of lending operations, Management may third one $200,000, 3 Cash Surrender Value of Life Insurance The carrying amount of cash surrender value of bank-owned life insurance approximates fair value. Deposits The fair value of non-interest bearing demand and interest bearing savings and demand deposits is the amount reported in the financial statements. The fair value of time deposits is estimated by discounting the cash flows using current rates of time deposits with similar remaining maturities. The cash flows considered in computing the fair value of such deposits are based on contractual maturities, since approximately 98% Borrowings from Federal Home Loan Bank The fair value of Federal Home Loan Bank (“FHLB”) fixed rate borrowings is estimated using discounted cash flows based on current incremental borrowing rates for similar types of borrowing arrangements. The fair value of FHLB variable rate borrowings is estimated to be its carrying value. The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of September 30, 2019 December 31, 2018 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2019: U.S. Treasuries $ 70,645 $ $ 70,645 $ U.S. Government agencies 12,619 12,619 Mortgage-backed securities 113,246 113,246 Collateralized mortgage obligations 15,661 15,661 States and political subdivisions 7,759 7,759 Total $ 219,930 $ $ 219,930 $ December 31, 2018: U.S. Treasuries $ 83,423 $ $ 83,423 $ U.S. Government agencies 17,247 17,247 Mortgage-backed securities 110,344 110,344 States and political subdivisions 11,096 11,096 Total $ 222,110 $ $ 222,110 $ Impaired loans, which are measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2019 December 31, 2018 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2019 $ 1,147 $ $ $ 1,147 December 31, 2018 3,311 3,311 Other real estate, which is measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2019 December 31, 2018 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2019 $ 7,606 $ $ $ 7,606 December 31, 2018 8,943 8,943 The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 For the Nine For the Year Months Ended Ended September 30, 2019 December 31, 2018 Balance, beginning of period $ 8,943 $ 8,232 Loans transferred to ORE 1,658 4,707 Sales (2,553 ) (3,232 ) Writedowns (442 ) (764 ) Balance, end of period $ 7,606 $ 8,943 The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at September 30, 2019 December 31, 2018, Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total September 30, 2019: Financial Assets: Cash and due from banks $ 28,479 $ 28,479 $ $ $ 28,479 Available for sale securities 219,930 219,930 219,930 Held to maturity securities 55,262 56,416 56,416 Other investments 2,693 2,693 2,693 Federal Home Loan Bank stock 2,103 2,103 2,103 Loans, net 260,432 256,154 256,154 Other real estate 7,606 7,606 7,606 Cash surrender value of life insurance 19,248 19,248 19,248 Financial Liabilities: Deposits: Non-interest bearing 134,401 134,401 134,401 Interest bearing 367,045 367,600 367,600 Borrowings from Federal Home Loan Bank 1,041 1,329 1,329 Carrying Fair value Measuremeents Using Amount Level 1 Level 2 Level 3 Total December 31, 2018: Financial Assets: Cash and due from banks $ 17,191 $ 17,191 $ $ $ 17,191 Available for sale securities 222,110 222,110 222,110 Held to maturity securities 54,598 53,459 53,459 Other investments 2,811 2,811 2,811 Federal Home Loan Bank stock 2,069 2,069 2,069 Loans, net 268,006 260,560 260,560 Other real estate 8,943 8,943 8,943 Cash surrender value of life insurance 18,841 18,841 18,841 Financial Liabilities: Deposits: Non-interest bearing 114,512 114,512 114,512 Interest bearing 358,994 359,386 359,386 Borrowings from Federal Home Loan Bank 36,142 36,211 36,211 |
Note 10 - Reclassifications
Note 10 - Reclassifications | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Reclassifications [Text Block] | 10. Certain reclassifications have been made to prior year statements to conform to current year presentations. The reclassifications had no |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not |
New Accounting Pronouncements, Policy [Policy Text Block] | Summary of Significant Accounting Policies - The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no 10 December 31, 2018. In April 2019, 2019 04 2019 04” Codification Improvements to Topic 326, 815, Deriv atives and Hedging, and Topic 825, 2019 04 December 31, 2019, not ASU 2016 13, Financial Instruments-Credit Losses (Topic 326 on Financial Instruments 2016 13 December 15, 2019 2016 13 first 2020. October, 2016 13 January 1, 2023, November |
Note 4 - Investments (Tables)
Note 4 - Investments (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | Gross Gross Unrealized Unrealized September 30, 2019 Amortized Cost Gains Losses Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 70,898 $ 59 $ (312 ) $ 70,645 U.S. Government agencies 12,493 126 12,619 Mortgage-backed securities 111,121 2,144 (19 ) 113,246 Collateralized mortgage obligations 15,452 309 (100 ) 15,661 States and political subdivisions 7,711 48 7,759 Total available for sale securities $ 217,675 $ 2,686 $ (431 ) $ 219,930 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (32 ) $ 8,153 States and political subdivisions 47,077 1,212 (26 ) 48,263 Total held to maturity securities $ 55,262 $ 1,212 $ (58 ) $ 56,416 Gross Gross Unrealized Unrealized December 31, 2018 Amortized Cost Gains Losses Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 85,866 $ $ (2,443 ) $ 83,423 U.S. Government agencies 17,492 14 (259 ) 17,247 Mortgage-backed securities 112,391 231 (2,278 ) 110,344 States and political subdivisions 10,994 102 11,096 Total available for sale securities $ 226,743 $ 347 $ (4,980 ) $ 222,110 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (371 ) $ 7,814 States and political subdivisions 46,413 89 (857 ) 45,645 Total held to maturity securities $ 54,598 $ 89 $ (1,228 ) $ 53,459 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | Amortized Cost Fair Value Available for sale securities: Due in one year or less $ 32,815 $ 32,769 Due after one year through five years 50,377 50,207 Due after five years through ten years 20,528 20,751 Due after ten years 2,834 2,957 Mortgage-backed securities 111,121 113,246 Totals $ 217,675 $ 219,930 Held to maturity securities: Due in one year or less $ 2,714 $ 2,721 Due after one year through five years 18,451 18,633 Due after five years through ten years 20,479 20,819 Due after ten years 13,618 14,243 Totals $ 55,262 $ 56,416 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Unrealized Unrealized September 30, 2019: Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasuries $ $ $ 54,668 $ 312 $ 54,668 $ 312 U.S. Government agencies 3,171 14 4,982 18 8,153 32 Mortgage-backed securities 3,031 15 2,653 4 5,684 19 Collaterized mortgage obligations 10,519 100 10,519 100 States and political subdivisions 1,776 22 610 4 2,386 26 TOTAL $ 18,497 $ 151 $ 62,913 $ 338 $ 81,410 $ 489 December 31, 2018: U.S. Treasuries $ 999 $ 1 $ 82,424 $ 2,442 $ 83,423 $ 2,443 U.S. Government agencies 4,939 61 17,608 569 22,547 630 Mortgage-backed securities 24,834 293 55,649 1,985 80,483 2,278 States and political subdivisions 8,470 122 19,678 735 28,148 857 TOTAL $ 39,242 $ 477 $ 175,359 $ 5,731 $ 214,601 $ 6,208 |
Note 5 - Loans (Tables)
Note 5 - Loans (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2019 December 31, 2018 Gaming $ 18,262 $ 25,767 Hotel/motel 47,587 44,112 Real estate, construction 24,033 31,597 Real estate, mortgage 142,820 137,437 Commercial and industrial 25,684 27,505 Other 6,429 6,928 Total $ 264,815 $ 273,346 |
Financing Receivable, Past Due [Table Text Block] | Loans Past Due Greater Number of Days Past Due Than 90 Greater Total Total Days & 30 - 59 60 - 89 Than 90 Past Due Current Loans Still Accruing September 30, 2019: Gaming $ $ $ $ $ 18,262 $ 18,262 $ Hotel/motel 47,587 47,587 Real estate, construction 458 15 35 508 23,525 24,033 Real estate, mortgage 2,503 215 5,704 8,422 134,398 142,820 Commercial and industrial 93 200 189 482 25,202 25,684 Other 75 4 79 6,350 6,429 Total $ 3,129 $ 430 $ 5,932 $ 9,491 $ 255,324 $ 264,815 $ December 31, 2018: Gaming $ $ $ $ $ 25,767 $ 25,767 $ Hotel/motel 44,112 44,112 Real estate, construction 1,987 340 860 3,187 28,410 31,597 Real estate, mortgage 2,866 7,129 1,730 11,725 125,712 137,437 Commercial and industrial 9 110 1,661 1,780 25,725 27,505 Other 107 3 110 6,818 6,928 Total $ 4,969 $ 7,582 $ 4,251 $ 16,802 $ 256,544 $ 273,346 $ |
Financing Receivable Credit Quality Indicators [Table Text Block] | Loans With A Grade Of: A, B or C S D E F Total September 30, 2019: Gaming $ 18,262 $ $ $ $ $ 18,262 Hotel/motel 47,587 47,587 Real estate, construction 23,270 196 567 24,033 Real estate, mortgage 114,193 14,625 5,207 8,795 142,820 Commercial and industrial 16,599 8,627 147 311 25,684 Other 6,411 11 7 6,429 Total $ 226,322 $ 23,252 $ 5,561 $ 9,680 $ $ 264,815 December 31, 2018: Gaming $ 21,080 $ $ 4,687 $ $ $ 25,767 Hotel/motel 44,112 44,112 Real estate, construction 29,930 217 1,450 31,597 Real estate, mortgage 108,885 10,430 12,992 5,130 137,437 Commercial and industrial 25,335 218 1,952 27,505 Other 6,904 20 4 6,928 Total $ 236,246 $ 10,430 $ 18,134 $ 8,536 $ $ 273,346 |
Financing Receivable, Nonaccrual [Table Text Block] | September 30, 2019 December 31, 2018 Real estate, construction $ 567 $ 1,439 Real estate, mortgage 8,670 4,954 Commercial and industrial 231 1,855 Other 5 2 Total $ 9,473 $ 8,250 |
Impaired Financing Receivables [Table Text Block] | Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized September 30, 2019: With no related allowance recorded: Real estate, construction $ 336 $ 336 $ $ 355 $ Real estate, mortgage 9,024 9,024 9,149 23 Commercial and industrial 227 189 193 Other 1 1 1 Total 9,588 9,550 9,698 23 With a related allowance recorded: Real estate, construction 231 231 20 231 Real estate, mortgage 699 699 115 673 21 Commercial and industrial 42 42 4 42 Other 4 4 3 1 Total 976 976 142 947 21 Total by class of loans: Real estate, construction 567 567 20 586 Real estate, mortgage 9,723 9,723 115 9,822 44 Commercial and industrial 269 231 4 235 Other 5 5 3 2 Total $ 10,564 $ 10,526 $ 142 $ 10,645 $ 44 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2018: With no related allowance recorded: Real estate, construction $ 1,171 $ 784 $ $ 785 $ Real estate, mortgage 5,508 5,474 5,826 29 Commercial and industrial 2,083 1,855 2,204 Other 2 2 3 Total 8,764 8,115 8,818 29 With a related allowance recorded: Real estate, construction 742 655 283 633 Real estate, mortgage 574 574 101 589 25 Total 1,316 1,229 384 1,222 25 Total by class of loans: Real estate, construction 1,913 1,439 283 1,418 Real estate, mortgage 6,082 6,048 101 6,415 54 Commercial and industrial 2,083 1,855 2,204 Other 2 2 3 Total $ 10,080 $ 9,344 $ 384 $ 10,040 $ 54 |
Note 6 - Allowance for Loan L_2
Note 6 - Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Gaming Hotel/Motel Real Estate, Construction Real Estate, Mortgage Commercial and Industrial Other Total For the Nine Months Ended September 30, 2019: Allowance for Loan Losses: Beginning balance $ 416 $ 1,443 $ 429 $ 2,443 $ 476 $ 133 $ 5,340 Charge-offs (403 ) (46 ) (591 ) (208 ) (1,248 ) Recoveries 6 2 24 90 122 Provision (200 ) 127 33 (392 ) 524 77 169 Ending Balance $ 216 $ 1,570 $ 65 $ 2,007 $ 433 $ 92 $ 4,383 For the Quarter Ended September 30, 2019: Allowance for Loan Losses: Beginning Balance $ 289 $ 1,666 $ 221 $ 2,224 $ 440 $ 106 $ 4,946 Charge-offs (591 ) (69 ) (660 ) Recoveries 4 3 31 38 Provision (73 ) (96 ) (160 ) (217 ) 581 24 59 Ending Balance $ 216 $ 1,570 $ 65 $ 2,007 $ 433 $ 92 $ 4,383 Allowance for Loan Losses, September 30, 2019: Ending balance: individually evaluated for impairment $ $ $ 20 $ 187 $ 67 $ 7 $ 281 Ending balance: collectively evaluated for impairment $ 216 $ 1,570 $ 45 $ 1,820 $ 366 $ 85 $ 4,102 Total Loans, September 30, 2019: Ending balance: individually evaluated for impairment $ $ $ 763 $ 14,002 $ 458 $ 18 $ 15,241 Ending balance: collectively evaluated for impairment $ 18,262 $ 47,587 $ 23,270 $ 128,818 $ 25,226 $ 6,411 $ 249,574 Gaming Hotel/Motel Real Estate, Construction Real Estate, Mortgage Commercial and Industrial Other Total For the Nine Months Ended September 30, 2018: Allowance for Loan Losses: Beginning balance $ 536 $ 936 $ 242 $ 3,369 $ 892 $ 178 $ 6,153 Charge-offs (681 ) (372 ) (251 ) (1,304 ) Recoveries 16 188 112 135 451 Provision (129 ) 518 (14 ) (158 ) (218 ) 92 91 Ending Balance $ 407 $ 1,454 $ 244 $ 2,718 $ 414 $ 154 $ 5,391 For the Quarter Ended September 30, 2018: Allowance for Loan Losses: Beginning Balance $ 453 $ 1,355 $ 199 $ 2,840 $ 503 $ 158 $ 5,508 Charge-offs (252 ) (3 ) (95 ) (350 ) Recoveries 15 70 67 53 205 Provision (46 ) 99 30 60 (153 ) 38 28 Ending Balance $ 407 $ 1,454 $ 244 $ 2,718 $ 414 $ 154 $ 5,391 Allowance for Loan Losses, September 30, 2018: Ending balance: individually evaluated for impairment $ $ $ 118 $ 426 $ 124 $ 1 $ 669 Ending balance: collectively evaluated for impairment $ 407 $ 1,454 $ 126 $ 2,292 $ 290 $ 153 $ 4,722 Total Loans, September 30, 2018: Ending balance: individually evaluated for impairment $ 4,889 $ $ 1,681 $ 19,504 $ 2,282 $ 10 $ 28,366 Ending balance: collectively evaluated for impairment $ 20,271 $ 43,505 $ 30,655 $ 122,897 $ 20,657 $ 7,596 $ 245,581 |
Note 9 - Fair Value Measureme_2
Note 9 - Fair Value Measurements and Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2019: U.S. Treasuries $ 70,645 $ $ 70,645 $ U.S. Government agencies 12,619 12,619 Mortgage-backed securities 113,246 113,246 Collateralized mortgage obligations 15,661 15,661 States and political subdivisions 7,759 7,759 Total $ 219,930 $ $ 219,930 $ December 31, 2018: U.S. Treasuries $ 83,423 $ $ 83,423 $ U.S. Government agencies 17,247 17,247 Mortgage-backed securities 110,344 110,344 States and political subdivisions 11,096 11,096 Total $ 222,110 $ $ 222,110 $ |
Schedule of Change in Other Real Estate [Table Text Block] | For the Nine For the Year Months Ended Ended September 30, 2019 December 31, 2018 Balance, beginning of period $ 8,943 $ 8,232 Loans transferred to ORE 1,658 4,707 Sales (2,553 ) (3,232 ) Writedowns (442 ) (764 ) Balance, end of period $ 7,606 $ 8,943 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total September 30, 2019: Financial Assets: Cash and due from banks $ 28,479 $ 28,479 $ $ $ 28,479 Available for sale securities 219,930 219,930 219,930 Held to maturity securities 55,262 56,416 56,416 Other investments 2,693 2,693 2,693 Federal Home Loan Bank stock 2,103 2,103 2,103 Loans, net 260,432 256,154 256,154 Other real estate 7,606 7,606 7,606 Cash surrender value of life insurance 19,248 19,248 19,248 Financial Liabilities: Deposits: Non-interest bearing 134,401 134,401 134,401 Interest bearing 367,045 367,600 367,600 Borrowings from Federal Home Loan Bank 1,041 1,329 1,329 Carrying Fair value Measuremeents Using Amount Level 1 Level 2 Level 3 Total December 31, 2018: Financial Assets: Cash and due from banks $ 17,191 $ 17,191 $ $ $ 17,191 Available for sale securities 222,110 222,110 222,110 Held to maturity securities 54,598 53,459 53,459 Other investments 2,811 2,811 2,811 Federal Home Loan Bank stock 2,069 2,069 2,069 Loans, net 268,006 260,560 260,560 Other real estate 8,943 8,943 8,943 Cash surrender value of life insurance 18,841 18,841 18,841 Financial Liabilities: Deposits: Non-interest bearing 114,512 114,512 114,512 Interest bearing 358,994 359,386 359,386 Borrowings from Federal Home Loan Bank 36,142 36,211 36,211 |
Other Real Estate [Member] | |
Notes Tables | |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2019 $ 7,606 $ $ $ 7,606 December 31, 2018 8,943 8,943 |
Impaired Loans Receivable [Member] | |
Notes Tables | |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2019 $ 1,147 $ $ $ 1,147 December 31, 2018 3,311 3,311 |
Note 2 - Earnings Per Share (De
Note 2 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Common Stock, Shares, Outstanding, Ending Balance | 4,943,186 | 5,051,306 | 4,943,186 |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 4,943,186 | 5,020,021 |
Note 3 - Statements of Cash F_2
Note 3 - Statements of Cash Flows (Details Textual) - USD ($) | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Interest Paid, Excluding Capitalized Interest, Operating Activities | $ 2,565,020 | $ 1,816,998 |
Income Taxes Paid, Net, Total | 0 | 0 |
Real Estate Owned, Transfer to Real Estate Owned | $ 1,658,274 | $ 3,952,191 |
Note 4 - Investments (Details T
Note 4 - Investments (Details Textual) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019USD ($) | Dec. 31, 2018USD ($) | |
Proceeds from Sale of Debt Securities, Available-for-sale | $ 5,051,884 | $ 0 |
Available-for-sale Securities, Gross Realized Gain (Loss), Total | 61,103 | |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 254,617,712 | $ 206,017,056 |
US Treasury Securities [Member] | ||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 11 | |
Securities, Qualitative Disclosure, Number of Positions | 15 | |
US Government Agencies Debt Securities [Member] | ||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 2 | |
Securities, Qualitative Disclosure, Number of Positions | 5 | |
Collateralized Mortgage Backed Securities [Member] | ||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 3 | |
Securities, Qualitative Disclosure, Number of Positions | 47 | |
Collateralized Mortgage Obligations [Member] | ||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 2 | |
Securities, Qualitative Disclosure, Number of Positions | 3 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 16 | |
Securities, Qualitative Disclosure, Number of Positions | 136 |
Note 4 - Investments - Amortize
Note 4 - Investments - Amortized Cost And Fair Value Of Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Available for sale securities, amortized cost | $ 217,675 | $ 226,743 |
Available for sale securities, gross unrealized gains | 2,686 | 347 |
Available for sale securities, gross unrealized losses | (431) | (4,980) |
Available for sale securities | 219,930 | 222,110 |
Held to maturity securities | 55,262 | 54,598 |
Held to maturity securities, gross unrealized gains | 1,212 | 89 |
Held to maturity securities, gross unrealized losses | (58) | (1,228) |
Held to maturity securities | 56,416 | 53,459 |
US Treasury Securities [Member] | ||
Available for sale securities, amortized cost | 70,898 | 85,866 |
Available for sale securities, gross unrealized gains | 59 | |
Available for sale securities, gross unrealized losses | (312) | (2,443) |
Available for sale securities | 70,645 | 83,423 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities, amortized cost | 12,493 | 17,492 |
Available for sale securities, gross unrealized gains | 126 | 14 |
Available for sale securities, gross unrealized losses | (259) | |
Available for sale securities | 12,619 | 17,247 |
Held to maturity securities | 8,185 | 8,185 |
Held to maturity securities, gross unrealized gains | ||
Held to maturity securities, gross unrealized losses | (32) | (371) |
Held to maturity securities | 8,153 | 7,814 |
Collateralized Mortgage Backed Securities [Member] | ||
Available for sale securities, amortized cost | 111,121 | 112,391 |
Available for sale securities, gross unrealized gains | 2,144 | 231 |
Available for sale securities, gross unrealized losses | (19) | (2,278) |
Available for sale securities | 113,246 | 110,344 |
Collateralized Mortgage Obligations [Member] | ||
Available for sale securities, amortized cost | 15,452 | |
Available for sale securities, gross unrealized gains | 309 | |
Available for sale securities, gross unrealized losses | (100) | |
Available for sale securities | 15,661 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 7,711 | 10,994 |
Available for sale securities, gross unrealized gains | 48 | 102 |
Available for sale securities, gross unrealized losses | ||
Available for sale securities | 7,759 | 11,096 |
Held to maturity securities | 47,077 | 46,413 |
Held to maturity securities, gross unrealized gains | 1,212 | 89 |
Held to maturity securities, gross unrealized losses | (26) | (857) |
Held to maturity securities | $ 48,263 | $ 45,645 |
Note 4 - Investments - Amorti_2
Note 4 - Investments - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Available for sale securities, due in one year or less, amortized cost | $ 32,815 | |
Available for sale securities, due in one year or less, fair value | 32,769 | |
Available for sale securities, due after one year through five years, amortized cost | 50,377 | |
Available for sale securities, due after one year through five years, fair value | 50,207 | |
Available for sale securities, due after five years through ten years, amortized cost | 20,528 | |
Available for sale securities, due after five years through ten years, fair value | 20,751 | |
Available for sale securities, due after ten years, amortized cost | 2,834 | |
Available for sale securities, due after ten years, fair value | 2,957 | |
Available for sale securities, mortgage backed securities, amortized cost | 111,121 | |
Available for sale securities, mortgage backed securities, fair value | 113,246 | |
Available for sale securities, amortized cost | 217,675 | $ 226,743 |
Available for sale securities, fair value | 219,930 | 222,110 |
Held to maturity securities, due in one year or less, amortized cost | 2,714 | |
Held to maturity securities, due in one year or less, fair value | 2,721 | |
Held to maturity securities, due after one years through five years, amortized cost | 18,451 | |
Held to maturity securities, due after one year through five years, fair value | 18,633 | |
Held to maturity securities, due after five years through ten years, amortized cost | 20,479 | |
Held to maturity securities, due after five years through ten years, fair value | 20,819 | |
Held to maturity securities, due after ten years, amortized cost | 13,618 | |
Held to maturity securities, due after ten years, fair value | 14,243 | |
Held to maturity securities, amortized cost | 55,262 | 54,598 |
Held to maturity securities, fair value | $ 56,416 | $ 53,459 |
Note 4 - Investments - Availabl
Note 4 - Investments - Available for Sale and Held to Maturity Securities with Gross Unrealized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Less Than Twelve Months, Fair Value | $ 18,497 | $ 39,242 |
Less Than Twelve Months, Gross Unrealized Losses | 151 | 477 |
Over Twelve Months, Fair Value | 62,913 | 175,359 |
Over Twelve Months, Gross Unrealized Losses | 338 | 5,731 |
Total, Fair Value | 81,410 | 214,601 |
Total, Gross Unrealized Losses | 489 | 6,208 |
US Treasury Securities [Member] | ||
Less Than Twelve Months, Fair Value | 999 | |
Less Than Twelve Months, Gross Unrealized Losses | 1 | |
Over Twelve Months, Fair Value | 54,668 | 82,424 |
Over Twelve Months, Gross Unrealized Losses | 312 | 2,442 |
Total, Fair Value | 54,668 | 83,423 |
Total, Gross Unrealized Losses | 312 | 2,443 |
US Government Agencies Debt Securities [Member] | ||
Less Than Twelve Months, Fair Value | 3,171 | 4,939 |
Less Than Twelve Months, Gross Unrealized Losses | 14 | 61 |
Over Twelve Months, Fair Value | 4,982 | 17,608 |
Over Twelve Months, Gross Unrealized Losses | 18 | 569 |
Total, Fair Value | 8,153 | 22,547 |
Total, Gross Unrealized Losses | 32 | 630 |
Collateralized Mortgage Backed Securities [Member] | ||
Less Than Twelve Months, Fair Value | 3,031 | 24,834 |
Less Than Twelve Months, Gross Unrealized Losses | 15 | 293 |
Over Twelve Months, Fair Value | 2,653 | 55,649 |
Over Twelve Months, Gross Unrealized Losses | 4 | 1,985 |
Total, Fair Value | 5,684 | 80,483 |
Total, Gross Unrealized Losses | 19 | 2,278 |
Collateralized Mortgage Obligations [Member] | ||
Less Than Twelve Months, Fair Value | 10,519 | |
Less Than Twelve Months, Gross Unrealized Losses | 100 | |
Over Twelve Months, Fair Value | ||
Over Twelve Months, Gross Unrealized Losses | ||
Total, Fair Value | 10,519 | |
Total, Gross Unrealized Losses | 100 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Less Than Twelve Months, Fair Value | 1,776 | 8,470 |
Less Than Twelve Months, Gross Unrealized Losses | 22 | 122 |
Over Twelve Months, Fair Value | 610 | 19,678 |
Over Twelve Months, Gross Unrealized Losses | 4 | 735 |
Total, Fair Value | 2,386 | 28,148 |
Total, Gross Unrealized Losses | $ 26 | $ 857 |
Note 5 - Loans (Details Textual
Note 5 - Loans (Details Textual) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Allocated Specific Reserves To Modified TDRs | $ 63,000 | $ 69,000 |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 |
Note 5 - Loans - Composition of
Note 5 - Loans - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Loans and leases receivable | $ 264,815 | $ 273,346 |
Gaming [Member] | ||
Loans and leases receivable | 18,262 | 25,767 |
Hotel/Motel [Member] | ||
Loans and leases receivable | 47,587 | 44,112 |
Real Estate, Construction [Member] | ||
Loans and leases receivable | 24,033 | 31,597 |
Real Estate, Mortgage [Member] | ||
Loans and leases receivable | 142,820 | 137,437 |
Commercial And Industrial Loan [Member] | ||
Loans and leases receivable | 25,684 | 27,505 |
Other Loan [Member] | ||
Loans and leases receivable | $ 6,429 | $ 6,928 |
Note 5 - Loans - Age Analysis o
Note 5 - Loans - Age Analysis of the Loan Portfolio, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Past Due | $ 9,491 | $ 16,802 |
Current | 255,324 | 256,544 |
Loans | 264,815 | 273,346 |
Past Due Great Than 90 Days and Still Accruing | ||
Gaming [Member] | ||
Past Due | ||
Current | 18,262 | 25,767 |
Loans | 18,262 | 25,767 |
Past Due Great Than 90 Days and Still Accruing | ||
Hotel/Motel [Member] | ||
Past Due | ||
Current | 47,587 | 44,112 |
Loans | 47,587 | 44,112 |
Past Due Great Than 90 Days and Still Accruing | ||
Real Estate, Construction [Member] | ||
Past Due | 508 | 3,187 |
Current | 23,525 | 28,410 |
Loans | 24,033 | 31,597 |
Past Due Great Than 90 Days and Still Accruing | ||
Real Estate, Mortgage [Member] | ||
Past Due | 8,422 | 11,725 |
Current | 134,398 | 125,712 |
Loans | 142,820 | 137,437 |
Past Due Great Than 90 Days and Still Accruing | ||
Commercial And Industrial Loan [Member] | ||
Past Due | 482 | 1,780 |
Current | 25,202 | 25,725 |
Loans | 25,684 | 27,505 |
Past Due Great Than 90 Days and Still Accruing | ||
Other Loan [Member] | ||
Past Due | 79 | 110 |
Current | 6,350 | 6,818 |
Loans | 6,429 | 6,928 |
Past Due Great Than 90 Days and Still Accruing | ||
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past Due | 3,129 | 4,969 |
Financial Asset, 30 to 59 Days Past Due [Member] | Gaming [Member] | ||
Past Due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Hotel/Motel [Member] | ||
Past Due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Past Due | 458 | 1,987 |
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate, Mortgage [Member] | ||
Past Due | 2,503 | 2,866 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial And Industrial Loan [Member] | ||
Past Due | 93 | 9 |
Financial Asset, 30 to 59 Days Past Due [Member] | Other Loan [Member] | ||
Past Due | 75 | 107 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past Due | 430 | 7,582 |
Financial Asset, 60 to 89 Days Past Due [Member] | Gaming [Member] | ||
Past Due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Hotel/Motel [Member] | ||
Past Due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Past Due | 15 | 340 |
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate, Mortgage [Member] | ||
Past Due | 215 | 7,129 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial And Industrial Loan [Member] | ||
Past Due | 200 | 110 |
Financial Asset, 60 to 89 Days Past Due [Member] | Other Loan [Member] | ||
Past Due | 3 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past Due | 5,932 | 4,251 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Gaming [Member] | ||
Past Due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Hotel/Motel [Member] | ||
Past Due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Past Due | 35 | 860 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate, Mortgage [Member] | ||
Past Due | 5,704 | 1,730 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial And Industrial Loan [Member] | ||
Past Due | 189 | 1,661 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other Loan [Member] | ||
Past Due | $ 4 |
Note 5 - Loans - Analysis of Lo
Note 5 - Loans - Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Loans and leases receivable | $ 264,815 | $ 273,346 |
A, B, or C [Member] | ||
Loans and leases receivable | 226,322 | 236,246 |
S [Member] | ||
Loans and leases receivable | 23,252 | 10,430 |
D [Member] | ||
Loans and leases receivable | 5,561 | 18,134 |
E [Member] | ||
Loans and leases receivable | 9,680 | 8,536 |
Gaming [Member] | ||
Loans and leases receivable | 18,262 | 25,767 |
Gaming [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 18,262 | 21,080 |
Gaming [Member] | S [Member] | ||
Loans and leases receivable | ||
Gaming [Member] | D [Member] | ||
Loans and leases receivable | 4,687 | |
Gaming [Member] | E [Member] | ||
Loans and leases receivable | ||
Hotel/Motel [Member] | ||
Loans and leases receivable | 47,587 | 44,112 |
Hotel/Motel [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 47,587 | 44,112 |
Hotel/Motel [Member] | S [Member] | ||
Loans and leases receivable | ||
Hotel/Motel [Member] | D [Member] | ||
Loans and leases receivable | ||
Hotel/Motel [Member] | E [Member] | ||
Loans and leases receivable | ||
Real Estate, Construction [Member] | ||
Loans and leases receivable | 24,033 | 31,597 |
Real Estate, Construction [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 23,270 | 29,930 |
Real Estate, Construction [Member] | S [Member] | ||
Loans and leases receivable | ||
Real Estate, Construction [Member] | D [Member] | ||
Loans and leases receivable | 196 | 217 |
Real Estate, Construction [Member] | E [Member] | ||
Loans and leases receivable | 567 | 1,450 |
Real Estate, Mortgage [Member] | ||
Loans and leases receivable | 142,820 | 137,437 |
Real Estate, Mortgage [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 114,193 | 108,885 |
Real Estate, Mortgage [Member] | S [Member] | ||
Loans and leases receivable | 14,625 | 10,430 |
Real Estate, Mortgage [Member] | D [Member] | ||
Loans and leases receivable | 5,207 | 12,992 |
Real Estate, Mortgage [Member] | E [Member] | ||
Loans and leases receivable | 8,795 | 5,130 |
Commercial And Industrial Loan [Member] | ||
Loans and leases receivable | 25,684 | 27,505 |
Commercial And Industrial Loan [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 16,599 | 25,335 |
Commercial And Industrial Loan [Member] | S [Member] | ||
Loans and leases receivable | 8,627 | |
Commercial And Industrial Loan [Member] | D [Member] | ||
Loans and leases receivable | 147 | 218 |
Commercial And Industrial Loan [Member] | E [Member] | ||
Loans and leases receivable | 311 | 1,952 |
Other Loan [Member] | ||
Loans and leases receivable | 6,429 | 6,928 |
Other Loan [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 6,411 | 6,904 |
Other Loan [Member] | S [Member] | ||
Loans and leases receivable | ||
Other Loan [Member] | D [Member] | ||
Loans and leases receivable | 11 | 20 |
Other Loan [Member] | E [Member] | ||
Loans and leases receivable | $ 7 | $ 4 |
Note 5 - Loans - Total Loans on
Note 5 - Loans - Total Loans on Nonaccrual (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Total loans on nonaccrual | $ 9,473 | $ 8,250 |
Real Estate, Construction [Member] | ||
Total loans on nonaccrual | 567 | 1,439 |
Real Estate, Mortgage [Member] | ||
Total loans on nonaccrual | 8,670 | 4,954 |
Commercial And Industrial Loan [Member] | ||
Total loans on nonaccrual | 231 | 1,855 |
Other Loan [Member] | ||
Total loans on nonaccrual | $ 5 | $ 2 |
Note 5 - Loans - Impaired Loans
Note 5 - Loans - Impaired Loans, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Dec. 31, 2018 | |
With no related allowance recorded, Unpaid Principal Balance | $ 9,588 | $ 8,764 |
With no related allowance recorded, Recorded Investment | 9,550 | 8,115 |
With no related allowance recorded, Average Recorded Investment | 9,698 | 8,818 |
With no related allowance recorded, Interest Income Recognized | 23 | 29 |
With a related allowance recorded, Unpaid Principal Balance | 976 | 1,316 |
With a related allowance recorded, Recorded Investment | 976 | 1,229 |
With a related allowance recorded, Related Allowance | 142 | 384 |
With a related allowance recorded, Average Recorded Investment | 947 | 1,222 |
With a related allowance recorded, Interest Income Recognized | 21 | 25 |
Total by class of loans, Unpaid Principal Balance | 10,564 | 10,080 |
Total by class of loans, Recorded Investment | 10,526 | 9,344 |
Total by class of loans, Average Recorded Investment | 10,645 | 10,040 |
Total by class of loans, Interest Income Recognized | 44 | 54 |
Total by class of loans, Related Allowance | 142 | 384 |
Real Estate, Construction [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 336 | 1,171 |
With no related allowance recorded, Recorded Investment | 336 | 784 |
With no related allowance recorded, Average Recorded Investment | 355 | 785 |
With no related allowance recorded, Interest Income Recognized | ||
With a related allowance recorded, Unpaid Principal Balance | 231 | 742 |
With a related allowance recorded, Recorded Investment | 231 | 655 |
With a related allowance recorded, Related Allowance | 20 | 283 |
With a related allowance recorded, Average Recorded Investment | 231 | 633 |
With a related allowance recorded, Interest Income Recognized | ||
Total by class of loans, Unpaid Principal Balance | 567 | 1,913 |
Total by class of loans, Recorded Investment | 567 | 1,439 |
Total by class of loans, Average Recorded Investment | 586 | 1,418 |
Total by class of loans, Interest Income Recognized | ||
Total by class of loans, Related Allowance | 20 | 283 |
Real Estate, Mortgage [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 9,024 | 5,508 |
With no related allowance recorded, Recorded Investment | 9,024 | 5,474 |
With no related allowance recorded, Average Recorded Investment | 9,149 | 5,826 |
With no related allowance recorded, Interest Income Recognized | 23 | 29 |
With a related allowance recorded, Unpaid Principal Balance | 699 | 574 |
With a related allowance recorded, Recorded Investment | 699 | 574 |
With a related allowance recorded, Related Allowance | 115 | 101 |
With a related allowance recorded, Average Recorded Investment | 673 | 589 |
With a related allowance recorded, Interest Income Recognized | 21 | 25 |
Total by class of loans, Unpaid Principal Balance | 9,723 | 6,082 |
Total by class of loans, Recorded Investment | 9,723 | 6,048 |
Total by class of loans, Average Recorded Investment | 9,822 | 6,415 |
Total by class of loans, Interest Income Recognized | 44 | 54 |
Total by class of loans, Related Allowance | 115 | 101 |
Commercial And Industrial Loan [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 227 | 2,083 |
With no related allowance recorded, Recorded Investment | 189 | 1,855 |
With no related allowance recorded, Average Recorded Investment | 193 | 2,204 |
With no related allowance recorded, Interest Income Recognized | ||
With a related allowance recorded, Unpaid Principal Balance | 42 | |
With a related allowance recorded, Recorded Investment | 42 | |
With a related allowance recorded, Related Allowance | 4 | |
With a related allowance recorded, Average Recorded Investment | 42 | |
With a related allowance recorded, Interest Income Recognized | ||
Total by class of loans, Unpaid Principal Balance | 269 | 2,083 |
Total by class of loans, Recorded Investment | 231 | 1,855 |
Total by class of loans, Average Recorded Investment | 235 | 2,204 |
Total by class of loans, Interest Income Recognized | ||
Total by class of loans, Related Allowance | 4 | |
Other Loan [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 1 | 2 |
With no related allowance recorded, Recorded Investment | 1 | 2 |
With no related allowance recorded, Average Recorded Investment | 1 | 3 |
With no related allowance recorded, Interest Income Recognized | ||
With a related allowance recorded, Unpaid Principal Balance | 4 | |
With a related allowance recorded, Recorded Investment | 4 | |
With a related allowance recorded, Related Allowance | 3 | |
With a related allowance recorded, Average Recorded Investment | 1 | |
With a related allowance recorded, Interest Income Recognized | ||
Total by class of loans, Unpaid Principal Balance | 5 | 2 |
Total by class of loans, Recorded Investment | 5 | 2 |
Total by class of loans, Average Recorded Investment | 2 | 3 |
Total by class of loans, Interest Income Recognized | ||
Total by class of loans, Related Allowance | $ 3 |
Note 6 - Allowance for Loan L_3
Note 6 - Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Beginning balance | $ 4,946 | $ 5,508 | $ 5,340 | $ 6,153 |
Charge-offs | (660) | (350) | (1,248) | (1,304) |
Recoveries | 38 | 205 | 122 | 451 |
Provision for allowance for loan losses | 59 | 28 | 169 | 91 |
Ending Balance | 4,383 | 5,391 | 4,383 | 5,391 |
Ending balance: individually evaluated for impairment | 281 | 669 | 281 | 669 |
Ending balance: collectively evaluated for impairment | 4,102 | 4,722 | 4,102 | 4,722 |
Ending balance: individually evaluated for impairment | 15,241 | 28,366 | 15,241 | 28,366 |
Ending balance: collectively evaluated for impairment | 249,574 | 245,581 | 249,574 | 245,581 |
Gaming [Member] | ||||
Beginning balance | 289 | 453 | 416 | 536 |
Charge-offs | ||||
Recoveries | ||||
Provision for allowance for loan losses | (73) | (46) | (200) | (129) |
Ending Balance | 216 | 407 | 216 | 407 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 216 | 407 | 216 | 407 |
Ending balance: individually evaluated for impairment | 4,889 | 4,889 | ||
Ending balance: collectively evaluated for impairment | 18,262 | 20,271 | 18,262 | 20,271 |
Hotel/Motel [Member] | ||||
Beginning balance | 1,666 | 1,355 | 1,443 | 936 |
Charge-offs | ||||
Recoveries | ||||
Provision for allowance for loan losses | (96) | 99 | 127 | 518 |
Ending Balance | 1,570 | 1,454 | 1,570 | 1,454 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 1,570 | 1,454 | 1,570 | 1,454 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 47,587 | 43,505 | 47,587 | 43,505 |
Real Estate, Construction [Member] | ||||
Beginning balance | 221 | 199 | 429 | 242 |
Charge-offs | (403) | |||
Recoveries | 4 | 15 | 6 | 16 |
Provision for allowance for loan losses | (160) | 30 | 33 | (14) |
Ending Balance | 65 | 244 | 65 | 244 |
Ending balance: individually evaluated for impairment | 20 | 118 | 20 | 118 |
Ending balance: collectively evaluated for impairment | 45 | 126 | 45 | 126 |
Ending balance: individually evaluated for impairment | 763 | 1,681 | 763 | 1,681 |
Ending balance: collectively evaluated for impairment | 23,270 | 30,655 | 23,270 | 30,655 |
Real Estate, Mortgage [Member] | ||||
Beginning balance | 2,224 | 2,840 | 2,443 | 3,369 |
Charge-offs | (252) | (46) | (681) | |
Recoveries | 70 | 2 | 188 | |
Provision for allowance for loan losses | (217) | 60 | (392) | (158) |
Ending Balance | 2,007 | 2,718 | 2,007 | 2,718 |
Ending balance: individually evaluated for impairment | 187 | 426 | 187 | 426 |
Ending balance: collectively evaluated for impairment | 1,820 | 2,292 | 1,820 | 2,292 |
Ending balance: individually evaluated for impairment | 14,002 | 19,504 | 14,002 | 19,504 |
Ending balance: collectively evaluated for impairment | 128,818 | 122,897 | 128,818 | 122,897 |
Commercial And Industrial Loan [Member] | ||||
Beginning balance | 440 | 503 | 476 | 892 |
Charge-offs | (591) | (3) | (591) | (372) |
Recoveries | 3 | 67 | 24 | 112 |
Provision for allowance for loan losses | 581 | (153) | 524 | (218) |
Ending Balance | 433 | 414 | 433 | 414 |
Ending balance: individually evaluated for impairment | 67 | 124 | 67 | 124 |
Ending balance: collectively evaluated for impairment | 366 | 290 | 366 | 290 |
Ending balance: individually evaluated for impairment | 458 | 2,282 | 458 | 2,282 |
Ending balance: collectively evaluated for impairment | 25,226 | 20,657 | 25,226 | 20,657 |
Other Loan [Member] | ||||
Beginning balance | 106 | 158 | 133 | 178 |
Charge-offs | (69) | (95) | (208) | (251) |
Recoveries | 31 | 53 | 90 | 135 |
Provision for allowance for loan losses | 24 | 38 | 77 | 92 |
Ending Balance | 92 | 154 | 92 | 154 |
Ending balance: individually evaluated for impairment | 7 | 1 | 7 | 1 |
Ending balance: collectively evaluated for impairment | 85 | 153 | 85 | 153 |
Ending balance: individually evaluated for impairment | 18 | 10 | 18 | 10 |
Ending balance: collectively evaluated for impairment | $ 6,411 | $ 7,596 | $ 6,411 | $ 7,596 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Time Deposits, at or Above FDIC Insurance Limit | $ 39,805,000 | $ 32,137,000 |
Note 8 - Shareholders' Equity (
Note 8 - Shareholders' Equity (Details Textual) - $ / shares | Nov. 08, 2019 | Apr. 24, 2019 |
Dividends Payable, Amount Per Share | $ 0.01 | |
Dividends Payable, Date Declared | Apr. 24, 2019 | |
Dividends Payable, Date to be Paid | May 10, 2019 | |
Dividends Payable, Date of Record | May 6, 2019 | |
Subsequent Event [Member] | ||
Dividends Payable, Amount Per Share | $ 0.02 | |
Dividends Payable, Date Declared | Nov. 8, 2019 | |
Dividends Payable, Date to be Paid | Nov. 25, 2019 | |
Dividends Payable, Date of Record | Nov. 20, 2019 | |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 65,000 |
Note 9 - Fair Value Measureme_3
Note 9 - Fair Value Measurements and Disclosures (Details Textual) | Sep. 30, 2019USD ($) |
Minimum Current Appraisals More Than One Year Old And/ Or Loan Balance | $ 200,000 |
Percentage Of Time Deposits Provide For Automatic Renewal At Current Interest Rates | 98.00% |
Note 9 - Fair Value Measureme_4
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Available for sale securities | $ 219,930 | $ 222,110 |
Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 219,930 | 222,110 |
Fair Value, Recurring [Member] | ||
Available for sale securities | 219,930 | 222,110 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 219,930 | 222,110 |
US Treasury Securities [Member] | ||
Available for sale securities | 70,645 | 83,423 |
US Treasury Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 70,645 | 83,423 |
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 70,645 | 83,423 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 12,619 | 17,247 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 12,619 | 17,247 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 12,619 | 17,247 |
Collateralized Mortgage Backed Securities [Member] | ||
Available for sale securities | 113,246 | 110,344 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 113,246 | 110,344 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 113,246 | 110,344 |
Collateralized Mortgage Obligations [Member] | ||
Available for sale securities | 15,661 | |
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 15,661 | |
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 15,661 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 7,759 | 11,096 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 7,759 | 11,096 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | $ 7,759 | $ 11,096 |
Note 9 - Fair Value Measureme_5
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Impairment Loans (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Impaired Loans | $ 1,147 | $ 3,311 |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired Loans | $ 1,147 | $ 3,311 |
Note 9 - Fair Value Measureme_6
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Other Real Estate (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Other real estate | $ 7,606 | $ 8,943 |
Fair Value, Inputs, Level 3 [Member] | ||
Other real estate | 7,606 | 8,943 |
Fair Value, Nonrecurring [Member] | ||
Other real estate | 7,606 | 8,943 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Other real estate | $ 7,606 | $ 8,943 |
Note 9 - Fair Value Measureme_7
Note 9 - Fair Value Measurements and Disclosures - Change in Fair Value of Other Real Estate (Details) - Real Estate Acquired in Satisfaction of Debt [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Dec. 31, 2018 | |
Balance, beginning of period | $ 8,943 | $ 8,232 |
Loans transferred to ORE | 1,658 | 4,707 |
Sales | (2,553) | (3,232) |
Writedowns | (442) | (764) |
Balance, end of period | $ 7,606 | $ 8,943 |
Note 9 - Fair Value Measureme_8
Note 9 - Fair Value Measurements and Disclosures - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Cash and due from banks | $ 28,479 | $ 17,191 |
Available for sale securities | 219,930 | 222,110 |
Held to maturity securities | 55,262 | 54,598 |
Held to maturity securities | 56,416 | 53,459 |
Other investments | 2,693 | 2,811 |
Federal Home Loan Bank stock | 2,103 | 2,069 |
Loans, net | 256,154 | 260,560 |
Other real estate | 7,606 | 8,943 |
Cash surrender value of life insurance | 19,248 | 18,841 |
Non-interest bearing | 134,401 | 114,512 |
Interest bearing | 367,600 | 359,386 |
Bank | 1,329 | 36,211 |
Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 28,479 | 17,191 |
Available for sale securities | ||
Held to maturity securities | ||
Other investments | 2,693 | 2,811 |
Federal Home Loan Bank stock | ||
Loans, net | ||
Other real estate | ||
Cash surrender value of life insurance | ||
Non-interest bearing | 134,401 | 114,512 |
Interest bearing | ||
Bank | ||
Fair Value, Inputs, Level 2 [Member] | ||
Cash and due from banks | ||
Available for sale securities | 219,930 | 222,110 |
Held to maturity securities | 56,416 | 53,459 |
Other investments | ||
Federal Home Loan Bank stock | 2,103 | 2,069 |
Loans, net | ||
Other real estate | ||
Cash surrender value of life insurance | 19,248 | 18,841 |
Non-interest bearing | ||
Interest bearing | ||
Bank | 1,329 | 36,211 |
Fair Value, Inputs, Level 3 [Member] | ||
Cash and due from banks | ||
Available for sale securities | ||
Held to maturity securities | ||
Other investments | ||
Federal Home Loan Bank stock | ||
Loans, net | 256,154 | 260,560 |
Other real estate | 7,606 | 8,943 |
Cash surrender value of life insurance | ||
Non-interest bearing | ||
Interest bearing | 367,600 | 359,386 |
Bank | ||
Reported Value Measurement [Member] | ||
Cash and due from banks | 28,479 | 17,191 |
Available for sale securities | 219,930 | 222,110 |
Held to maturity securities | 55,262 | 54,598 |
Other investments | 2,693 | 2,811 |
Federal Home Loan Bank stock | 2,103 | 2,069 |
Loans, net | 260,432 | 268,006 |
Other real estate | 7,606 | 8,943 |
Cash surrender value of life insurance | 19,248 | 18,841 |
Non-interest bearing | 134,401 | 114,512 |
Interest bearing | 367,045 | 358,994 |
Bank | $ 1,041 | $ 36,142 |