Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Nov. 08, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | EMCLAIRE FINANCIAL CORP | |
Entity Central Index Key | 0000858800 | |
Trading Symbol | emcf | |
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) | 2,698,712 | |
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(b) Security | Common Stock, par value $1.25 per share |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Assets | ||
Cash and due from banks | $ 3,742,000 | $ 3,623,000 |
Interest earning deposits with banks | 45,560,000 | 7,332,000 |
Cash and cash equivalents | 49,302,000 | 10,955,000 |
Interest earning time deposits | 10,198,000 | 6,738,000 |
Securities - available-for-sale | 117,899,000 | 97,718,000 |
Securities - equity investments | 23,000 | 7,000 |
Loans held for sale | 154,000 | |
Loans receivable, net of allowance for loan losses of $6,509 and $6,508 | 688,357,000 | 708,664,000 |
Federal bank stocks, at cost | 5,856,000 | 6,351,000 |
Bank-owned life insurance | 15,194,000 | 14,881,000 |
Accrued interest receivable | 2,754,000 | 2,570,000 |
Premises and equipment, net | 20,685,000 | 18,911,000 |
Goodwill | 19,460,000 | 19,448,000 |
Core deposit intangible, net | 1,289,000 | 1,423,000 |
Prepaid expenses and other assets | 10,259,000 | 11,209,000 |
Total Assets | 941,430,000 | 898,875,000 |
Liabilities and Stockholders' Equity | ||
Non-interest bearing | 155,923,000 | 148,893,000 |
Interest bearing | 652,102,000 | 612,653,000 |
Total deposits | 808,025,000 | 761,546,000 |
Short-term borrowed funds | 2,050,000 | 12,850,000 |
Long-term borrowed funds | 31,750,000 | 32,500,000 |
Accrued interest payable | 652,000 | 495,000 |
Accrued expenses and other liabilities | 13,022,000 | 11,476,000 |
Total Liabilities | 855,499,000 | 818,867,000 |
Commitments and Contingent Liabilities | ||
Stockholders' Equity: | ||
Preferred stock, $1.00 par value, 3,000,000 shares authorized; Series C, non-cumulative preferred stock, $2.9 million liquidation value, 286,888 shares issued and outstanding; Series D, non-cumulative preferred stock, $1.3 million liquidation value, 133,705 shares issued and outstanding | 4,206,000 | 4,206,000 |
Common stock, $1.25 par value, 12,000,000 shares authorized; 2,800,729 shares issued; 2,698,712 shares outstanding | 3,501,000 | 3,501,000 |
Additional paid-in capital | 46,672,000 | 46,401,000 |
Treasury stock, at cost; 102,017 shares | (2,114,000) | (2,114,000) |
Retained earnings | 38,142,000 | 34,371,000 |
Accumulated other comprehensive loss | (4,476,000) | (6,357,000) |
Total Stockholders' Equity | 85,931,000 | 80,008,000 |
Total Liabilities and Stockholders' Equity | $ 941,430,000 | $ 898,875,000 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Allowance for loan losses | $ 6,509 | $ 6,508 |
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 |
Preferred stock, authorized (in shares) | 3,000,000 | 3,000,000 |
Common stock, par value (in dollars per share) | $ 1.25 | $ 1.25 |
Common stock, authorized (in shares) | 12,000,000 | 12,000,000 |
Common stock, issued (in shares) | 2,800,729 | 2,800,729 |
Common stock, outstanding (in shares) | 2,698,712 | 2,698,712 |
Treasury stock (in shares) | 102,017 | 102,017 |
Series C Preferred Stock [Member] | ||
Preferred stock, issued (in shares) | 268,888 | 268,888 |
Preferred stock, outstanding (in shares) | 268,888 | 268,888 |
Preferred stock, liquidation value | $ 2,900 | $ 2,900 |
Series D Preferred Stock [Member] | ||
Preferred stock, issued (in shares) | 133,705 | 133,705 |
Preferred stock, outstanding (in shares) | 133,705 | 133,705 |
Preferred stock, liquidation value | $ 1,300 | $ 1,300 |
Consolidated Statements of Net
Consolidated Statements of Net Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Interest and dividend income: | ||||
Loans receivable, including fees | $ 8,170,000 | $ 6,688,000 | $ 24,514,000 | $ 19,703,000 |
Securities: | ||||
Taxable | 583,000 | 464,000 | 1,606,000 | 1,312,000 |
Exempt from federal income tax | 79,000 | 137,000 | 301,000 | 430,000 |
Federal bank stocks | 104,000 | 65,000 | 316,000 | 221,000 |
Interest earning deposits with banks | 251,000 | 112,000 | 397,000 | 228,000 |
Total interest and dividend income | 9,187,000 | 7,466,000 | 27,134,000 | 21,894,000 |
Interest expense: | ||||
Deposits | 1,938,000 | 1,183,000 | 5,045,000 | 3,277,000 |
Borrowed funds | 233,000 | 142,000 | 769,000 | 440,000 |
Total interest expense | 2,171,000 | 1,325,000 | 5,814,000 | 3,717,000 |
Net interest income | 7,016,000 | 6,141,000 | 21,320,000 | 18,177,000 |
Provision for (recovery of) loan losses | (145,000) | 300,000 | 305,000 | 980,000 |
Net interest income after provision for loan losses | 7,161,000 | 5,841,000 | 21,015,000 | 17,197,000 |
Noninterest income: | ||||
Fees and service charges | 531,000 | 528,000 | 1,622,000 | 1,428,000 |
Net realized gain (loss) on sales of securities | 42,000 | (2,000) | 43,000 | (9,000) |
Net gain on sales of loans | 77,000 | 35,000 | 129,000 | 60,000 |
Earnings on bank-owned life insurance | 96,000 | 105,000 | 313,000 | 311,000 |
Other | 463,000 | 396,000 | 1,289,000 | 1,219,000 |
Total noninterest income | 1,209,000 | 1,062,000 | 3,396,000 | 3,009,000 |
Noninterest expense: | ||||
Compensation and employee benefits | 3,187,000 | 2,519,000 | 8,892,000 | 7,493,000 |
Premises and equipment | 810,000 | 736,000 | 2,536,000 | 2,264,000 |
Intangible asset amortization | 44,000 | 67,000 | 134,000 | 203,000 |
Professional fees | 278,000 | 243,000 | 664,000 | 712,000 |
Federal deposit insurance | 103,000 | 267,000 | 391,000 | |
Acquisition costs | 677,000 | 1,036,000 | ||
Other | 1,439,000 | 1,210,000 | 4,155,000 | 3,437,000 |
Total noninterest expense | 5,758,000 | 5,555,000 | 16,648,000 | 15,536,000 |
Income before provision for income taxes | 2,612,000 | 1,348,000 | 7,763,000 | 4,670,000 |
Provision for income taxes | 444,000 | 187,000 | 1,372,000 | 735,000 |
Net income | 2,168,000 | 1,161,000 | 6,391,000 | 3,935,000 |
Preferred stock dividends | 91,000 | |||
Net income available to common stockholders | $ 2,168,000 | $ 1,161,000 | $ 6,300,000 | $ 3,935,000 |
Basic earnings per common share (in dollars per share) | $ 0.80 | $ 0.51 | $ 2.33 | $ 1.73 |
Diluted earnings per common share (in dollars per share) | $ 0.80 | $ 0.51 | $ 2.32 | $ 1.72 |
Average common shares outstanding - basic (in shares) | 2,698,712 | 2,271,139 | 2,698,712 | 2,271,139 |
Average common shares outstanding - diluted (in shares) | 2,719,528 | 2,291,286 | 2,715,957 | 2,288,723 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net income | $ 2,168 | $ 1,161 | $ 6,391 | $ 3,935 |
Unrealized gains/(losses) on securities available-for-sale: | ||||
Unrealized holding gain (loss) arising during the period | 165 | (564) | 2,424 | (2,155) |
Reclassification adjustment for (gains) losses included in net income | (42) | 2 | (43) | 9 |
Net period change | 123 | (562) | 2,381 | (2,146) |
Tax effect | (26) | 118 | (500) | 451 |
Net of tax | 97 | (444) | 1,881 | (1,695) |
Comprehensive income | $ 2,265 | $ 717 | $ 8,272 | $ 2,240 |
Condensed Consolidated Statemen
Condensed 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 | $ 6,391 | $ 3,935 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization of premises and equipment | 1,022 | 862 |
Provision for loan losses | 305 | 980 |
Amortization/accretion of premiums, discounts and deferred costs and fees, net | 235 | 309 |
Amortization of operating lease right-of-use assets | 98 | |
Amortization of intangible assets and mortgage servicing rights | 182 | 244 |
Realized (gains) losses on sales of debt securities, net | (43) | 9 |
Change in fair value of equity securities, including realized gains | (16) | (36) |
Net gains on sales of loans | (129) | (60) |
Net loss on foreclosed real estate | 32 | 40 |
Net gain on sale of premises and equipment | (11) | (25) |
Loans originated for sale | (5,173) | (4,241) |
Proceeds from the sale of loans originated for sale | 5,148 | 4,685 |
Write-down of foreclosed real estate | 35 | 11 |
Stock compensation expense | 271 | 187 |
Increase in bank-owned life insurance, net | (313) | (250) |
Increase in accrued interest receivable | (184) | (85) |
(Increase) decrease in prepaid expenses and other assets | 154 | (2,898) |
Increase in accrued interest payable | 157 | 47 |
Increase (decrease) in accrued expenses and other liabilities | (277) | 636 |
Net cash provided by operating activities | 7,884 | 4,350 |
Cash flows from investing activities | ||
Loan originations and principal collections, net | 19,327 | (16,679) |
Available-for-sale securities: | ||
Sales | 21,035 | 12,683 |
Maturities, repayments and calls | 12,946 | 6,822 |
Purchases | (51,871) | (18,645) |
Net change in federal bank stocks | 495 | 196 |
Net increase in interest earning time deposits | (3,460) | (2,540) |
Proceeds from the sale of bank premises and equipment | 251 | 155 |
Purchases of premises and equipment | (1,492) | (574) |
Proceeds from the sale of foreclosed real estate | 742 | 388 |
Net cash used in investing activities | (2,027) | (18,194) |
Cash flows from financing activities | ||
Net increase in deposits | 46,479 | 27,718 |
Repayments on long-term debt | (750) | (5,750) |
Net change in short-term borrowings | (10,800) | (450) |
Dividends paid | (2,439) | (1,908) |
Net cash provided by financing activities | 32,490 | 19,610 |
Net increase in cash and cash equivalents | 38,347 | 5,766 |
Cash and cash equivalents at beginning of period | 10,955 | 10,176 |
Cash and cash equivalents at end of period | 49,302 | 15,942 |
Supplemental information: | ||
Interest paid | 5,657 | 3,670 |
Income taxes paid | 910 | 560 |
Supplemental noncash disclosure: | ||
Transfers from loans to foreclosed real estate | 324 | 526 |
Initial recognition of operating lease right-of-use assets | 1,642 | |
Initial recognition of operating lease liabilities | $ 1,858 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Preferred Stock [Member] | Additional Paid-in Capital, Preferred [Member] | Common Stock [Member] | Additional Paid-in Capital, Common [Member] | Treasury Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Dec. 31, 2017 | $ 2,966 | $ 31,031 | $ (2,114) | $ 32,726 | $ (5,518) | $ 59,091 | ||
Cumulative effect of change in accounting principle, net of tax at Dec. 31, 2017 | 187 | (187) | ||||||
Balance, as adjusted at Dec. 31, 2017 | 2,966 | 31,031 | (2,114) | 32,913 | (5,705) | 59,091 | ||
Net income | 1,362 | 1,362 | ||||||
Other comprehensive income (loss) | (1,015) | (1,015) | ||||||
Stock compensation expense | 75 | 75 | ||||||
Cash dividends declared on common stock | (636) | (636) | ||||||
Balance at Mar. 31, 2018 | 2,966 | 31,106 | (2,114) | 33,639 | (6,720) | 58,877 | ||
Balance at Dec. 31, 2017 | 2,966 | 31,031 | (2,114) | 32,726 | (5,518) | 59,091 | ||
Cumulative effect of change in accounting principle, net of tax at Dec. 31, 2017 | 187 | (187) | ||||||
Balance, as adjusted at Dec. 31, 2017 | 2,966 | 31,031 | (2,114) | 32,913 | (5,705) | 59,091 | ||
Net income | 3,935 | |||||||
Other comprehensive income (loss) | (1,695) | |||||||
Balance at Sep. 30, 2018 | 2,966 | 31,218 | (2,114) | 34,940 | (7,400) | 59,610 | ||
Balance at Mar. 31, 2018 | 2,966 | 31,106 | (2,114) | 33,639 | (6,720) | 58,877 | ||
Net income | 1,413 | 1,413 | ||||||
Other comprehensive income (loss) | (236) | (236) | ||||||
Stock compensation expense | 75 | 75 | ||||||
Cash dividends declared on common stock | (636) | (636) | ||||||
Balance at Jun. 30, 2018 | 2,966 | 31,181 | (2,114) | 34,416 | (6,956) | 59,493 | ||
Net income | 1,161 | 1,161 | ||||||
Other comprehensive income (loss) | (444) | (444) | ||||||
Stock compensation expense | 37 | 37 | ||||||
Cash dividends declared on common stock | (637) | (637) | ||||||
Balance at Sep. 30, 2018 | 2,966 | 31,218 | (2,114) | 34,940 | (7,400) | 59,610 | ||
Balance at Dec. 31, 2018 | 421 | 3,785 | 3,501 | 46,401 | (2,114) | 34,371 | (6,357) | 80,008 |
Cumulative effect of change in accounting principle, net of tax at Dec. 31, 2018 | (181) | (181) | ||||||
Balance, as adjusted at Dec. 31, 2018 | 421 | 3,785 | 3,501 | 46,401 | (2,114) | 34,190 | (6,357) | 79,827 |
Net income | 2,082 | 2,082 | ||||||
Other comprehensive income (loss) | 873 | 873 | ||||||
Stock compensation expense | 90 | 90 | ||||||
Cash dividends declared on common stock | (783) | (783) | ||||||
Balance at Mar. 31, 2019 | 421 | 3,785 | 3,501 | 46,491 | (2,114) | 35,489 | (5,484) | 82,089 |
Balance at Dec. 31, 2018 | 421 | 3,785 | 3,501 | 46,401 | (2,114) | 34,371 | (6,357) | 80,008 |
Cumulative effect of change in accounting principle, net of tax at Dec. 31, 2018 | (181) | (181) | ||||||
Balance, as adjusted at Dec. 31, 2018 | 421 | 3,785 | 3,501 | 46,401 | (2,114) | 34,190 | (6,357) | 79,827 |
Net income | 6,391 | |||||||
Other comprehensive income (loss) | 1,881 | |||||||
Balance at Sep. 30, 2019 | 421 | 3,785 | 3,501 | 46,672 | (2,114) | 38,142 | (4,476) | 85,931 |
Balance at Mar. 31, 2019 | 421 | 3,785 | 3,501 | 46,491 | (2,114) | 35,489 | (5,484) | 82,089 |
Net income | 2,140 | 2,140 | ||||||
Other comprehensive income (loss) | 911 | 911 | ||||||
Stock compensation expense | 90 | 90 | ||||||
Cash dividends declared on common stock | (782) | (782) | ||||||
Cash dividends declared on preferred stock | (91) | (91) | ||||||
Balance at Jun. 30, 2019 | 421 | 3,785 | 3,501 | 46,581 | (2,114) | 36,756 | (4,573) | 84,357 |
Net income | 2,168 | 2,168 | ||||||
Other comprehensive income (loss) | 97 | 97 | ||||||
Stock compensation expense | 91 | 91 | ||||||
Cash dividends declared on common stock | (782) | (782) | ||||||
Balance at Sep. 30, 2019 | $ 421 | $ 3,785 | $ 3,501 | $ 46,672 | $ (2,114) | $ 38,142 | $ (4,476) | $ 85,931 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |||||
Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | |
Cash dividends declared on common stock (in dollars per share) | $ 0.29 | $ 0.29 | $ 0.29 | $ 0.28 | $ 0.28 | $ 0.28 |
Note 1 - Nature of Operations a
Note 1 - Nature of Operations and Basis of Presentation | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Nature of Operations and Basis of Presentation Emclaire Financial Corp (the Corporation) is a Pennsylvania corporation and the holding company of The Farmers National Bank of Emlenton (the Bank) and Emclaire Settlement Services, LLC (the Title Company). The Corporation provides a variety of financial services to individuals and businesses through its offices in western Pennsylvania and northern West Virginia. Its primary deposit products are checking, savings and term certificate accounts and its primary lending products are residential and commercial mortgages, commercial business loans and consumer loans. The consolidated financial statements include the accounts of the Corporation and its wholly owned subsidiaries, the Bank and the Title Company. All significant intercompany transactions and balances have been eliminated in preparing the consolidated financial statements. The accompanying unaudited consolidated financial statements for the interim periods include all adjustments, consisting of normal recurring accruals, which are necessary, in the opinion of management, to fairly reflect the Corporation’s consolidated financial position and results of operations. Additionally, these consolidated financial statements for the interim periods have been prepared in accordance with instructions for the Securities and Exchange Commission’s (SEC’s) Form 10 10 X not December 31, 2018 10 December 31, 2018 The balance sheet at December 31, 2018 not The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The results of operations for interim quarterly or year-to-date periods are not may may |
Note 2 - Earnings Per Common Sh
Note 2 - Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 2. Earnings per Common Share Basic earnings per common share (EPS) excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS includes the dilutive effect of additional potential common shares for assumed issuance of restricted stock. The factors used in the Corporation’s earnings per common share computation follow: (Dollar amounts in thousands, except for per share amounts) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Earnings per common share Net income $ 2,168 $ 1,161 $ 6,391 $ 3,935 Less: Preferred stock dividends — — 91 — Net income available to common stockholders $ 2,168 $ 1,161 $ 6,300 $ 3,935 Average common shares outstanding 2,698,712 2,271,139 2,698,712 2,271,139 Add: Dilutive effects of restricted stock awards 20,816 20,147 17,245 17,584 Average shares and dilutive potential common shares 2,719,528 2,291,286 2,715,957 2,288,723 Basic earnings per common share $ 0.80 $ 0.51 $ 2.33 $ 1.73 Diluted earnings per common share $ 0.80 $ 0.51 $ 2.32 $ 1.72 Restricted stock awards not considered in computing earnings per share because they were antidulitive — — — — |
Note 3 - Securities
Note 3 - Securities | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 3. Securities Equity Securities The Corporation held equity securities with fair values of $23,000 $7,000 September 30, 2019 December 31, 2018 January 1, 2018, 2016 01, three nine September 30, 2019 of $6,000 $16,000, September 30, 2019, a net loss of $1,000 $7,000, 2018 three nine September 30, 2019 not nine September 30, 2018 $1.2 net gain of $43,000. Debt Securities - Available-for-Sale The following table summarizes the Corporation’s debt securities as of September 30, 2019 December 31, 2018 (Dollar amounts in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2019: U.S. Treasury $ 4,024 $ 7 $ (5 ) $ 4,026 U.S. government sponsored entities and agencies 8,085 18 (23 ) 8,080 U.S. agency mortgage-backed securities: residential 44,200 378 (40 ) 44,538 U.S. agency collateralized mortgage obligations: residential 30,714 105 (262 ) 30,557 State and political subdivisions 20,703 241 (34 ) 20,910 Corporate debt securities 9,713 97 (22 ) 9,788 Total securities available-for-sale $ 117,439 $ 846 $ (386 ) $ 117,899 December 31, 2018: U.S. Treasury $ 4,532 $ — $ (87 ) $ 4,445 U.S. government sponsored entities and agencies 17,052 30 (299 ) 16,783 U.S. agency mortgage-backed securities: residential 27,666 — (490 ) 27,176 U.S. agency collateralized mortgage obligations: residential 19,440 34 (810 ) 18,664 State and political subdivisions 22,943 13 (224 ) 22,732 Corporate debt securities 8,006 9 (97 ) 7,918 Total securities available-for-sale $ 99,639 $ 86 $ (2,007 ) $ 97,718 The following table summarizes scheduled maturities of the Corporation’s debt securities as of September 30, 2019 may may not (Dollar amounts in thousands) Available-for-sale Amortized Cost Fair Value Due in one year or less $ 1,264 $ 1,261 Due after one year through five years 14,452 14,489 Due after five through ten years 12,109 12,283 Due after ten years 14,700 14,771 Mortgage-backed securities: residential 44,200 44,538 Collateralized mortgage obligations: residential 30,714 30,557 Total securities available-for-sale $ 117,439 $ 117,899 Information pertaining to debt securities with gross unrealized losses at September 30, 2019 December 31, 2018 (Dollar amounts in thousands) Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss September 30, 2019: U.S. Treasury $ — $ — $ 2,001 $ (5 ) $ 2,001 $ (5 ) U.S. government sponsored entities and agencies — — 6,062 (23 ) 6,062 (23 ) U.S. agency mortgage-backed securities: residential 10,940 (34 ) 3,557 (6 ) 14,497 (40 ) U.S. agency collateralized mortgage obligations: residential 6,773 (58 ) 12,485 (204 ) 19,258 (262 ) State and political subdivisions 4,642 (34 ) — — 4,642 (34 ) Corporate debt securities 2,702 (11 ) 488 (11 ) 3,190 (22 ) Total $ 25,057 $ (137 ) $ 24,593 $ (249 ) $ 49,650 $ (386 ) December 31, 2018: U.S. Treasury $ — $ — $ 4,445 $ (87 ) $ 4,445 $ (87 ) U.S. government sponsored entities and agencies 2,472 (30 ) 10,337 (269 ) 12,809 (299 ) U.S. agency mortgage-backed securities: residential 19,483 (297 ) 7,693 (193 ) 27,176 (490 ) U.S. agency collateralized mortgage obligations: residential 1,443 (5 ) 15,388 (805 ) 16,831 (810 ) State and political subdivisions 7,061 (67 ) 10,083 (157 ) 17,144 (224 ) Corporate debt securities 962 (38 ) 2,448 (59 ) 3,410 (97 ) Total $ 31,421 $ (437 ) $ 50,394 $ (1,570 ) $ 81,815 $ (2,007 ) Gains and losses on sales of securities for the three nine September 30, (Dollar amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Proceeds $ 8,153 $ 5,888 $ 21,035 $ 12,683 Gains 45 3 80 17 Losses (3 ) (5 ) (37 ) (26 ) Tax provision related to gains (losses) 9 (1 ) 9 (2 ) Management evaluates debt securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic, market or other conditions warrant such evaluation. Consideration is given to: ( 1 2 3 4 not not There were 52 September 30, 2019 35 12 35 23 five four two one not not not not not September 30, 2019 |
Note 4 - Loans Receivable and R
Note 4 - Loans Receivable and Related Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Loans Receivable and Related Allowance for Loan Losses The Corporation’s loans receivable as of the respective dates are summarized as follows: (Dollar amounts in thousands) September 30, 2019 December 31, 2018 Mortgage loans on real estate: Residential first mortgages $ 287,437 $ 295,405 Home equity loans and lines of credit 98,628 103,752 Commercial real estate 227,569 238,734 Total real estate loans 613,634 637,891 Other loans: Commercial business 69,834 66,009 Consumer 11,398 11,272 Total other loans 81,232 77,281 Total loans, gross 694,866 715,172 Less allowance for loan losses 6,509 6,508 Total loans, net $ 688,357 $ 708,664 Included in total loans above are net deferred costs of $2.3 $2.2 September 30, 2019 December 31, 2018 An allowance for loan losses (ALL) is maintained to absorb probable incurred losses from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience and the amount of nonperforming loans. Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. The allowance for loan losses is based on estimates and actual losses may At September 30, 2019 no 2016 2017 2018 The following table details activity in the ALL and the recorded investment by portfolio segment based on impairment method: (Dollar amounts in thousands) Residential Mortgages Home Equity & Lines of Credit Commercial Real Estate Commercial Business Consumer Total Three months ended September 30, 2019: Allowance for loan losses: Beginning Balance $ 2,225 $ 642 $ 3,043 $ 615 $ 55 $ 6,580 Charge-offs — (22 ) (8 ) — (39 ) (69 ) Recoveries — 4 104 — 35 143 Provision 16 11 (185 ) 5 8 (145 ) Ending Balance $ 2,241 $ 635 $ 2,954 $ 620 $ 59 $ 6,509 Nine months ended September 30, 2019: Allowance for loan losses: Beginning Balance $ 2,198 $ 648 $ 3,106 $ 500 $ 56 $ 6,508 Charge-offs (204 ) (56 ) (36 ) (134 ) (114 ) (544 ) Recoveries 40 5 132 — 63 240 Provision 207 38 (248 ) 254 54 305 Ending Balance $ 2,241 $ 635 $ 2,954 $ 620 $ 59 $ 6,509 At September 30, 2019: Ending ALL balance attributable to loans: Individually evaluated for impairment $ 4 $ — $ — $ — $ — $ 4 Acquired loans collectively evaluated for impairment — — — — — — Originated loans collectively evaluated for impairment 2,237 635 2,954 620 59 6,505 Total $ 2,241 $ 635 $ 2,954 $ 620 $ 59 $ 6,509 Total loans: Individually evaluated for impairment $ 366 $ 4 $ 2,471 $ 40 $ — $ 2,881 Acquired loans collectively evaluated for impairment 64,037 11,432 45,619 9,425 2,227 132,740 Originated loans collectively evaluated for impairment 223,034 87,192 179,479 60,369 9,171 559,245 Total $ 287,437 $ 98,628 $ 227,569 $ 69,834 $ 11,398 $ 694,866 At December 31, 2018: Ending ALL balance attributable to loans: Individually evaluated for impairment $ 12 $ — $ — $ — $ — $ 12 Acquired loans collectively evaluated for impairment — — — — — — Originated loans collectively evaluated for impairment 2,186 648 3,106 500 56 6,496 Total $ 2,198 $ 648 $ 3,106 $ 500 $ 56 $ 6,508 Total loans: Individually evaluated for impairment $ 389 $ 6 $ 34 $ 39 $ — $ 468 Acquired loans collectively evaluated for impairment 72,654 13,750 56,690 12,974 3,306 159,374 Originated loans collectively evaluated for impairment 222,362 89,996 182,010 52,996 7,966 555,330 Total $ 295,405 $ 103,752 $ 238,734 $ 66,009 $ 11,272 $ 715,172 Three months ended September 30, 2018: Allowance for loan losses: Beginning Balance $ 2,033 $ 650 $ 2,882 $ 499 $ 54 $ 6,118 Charge-offs — (26 ) (6 ) — (44 ) (76 ) Recoveries — 1 13 — 4 18 Provision 128 34 81 11 46 300 Ending Balance $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 Nine months ended September 30, 2018: Allowance for loan losses: Beginning Balance $ 2,090 $ 646 $ 2,753 $ 585 $ 53 $ 6,127 Charge-offs (61 ) (109 ) (424 ) — (213 ) (807 ) Recoveries 3 12 32 1 12 60 Provision 129 110 609 (76 ) 208 980 Ending Balance $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not September 30, 2019 (Dollar amounts in thousands) Impaired Loans with Specific Allowance As of September 30, 2019 For three months ended September 30, 2019 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 72 $ 72 $ 4 $ 72 $ 1 $ 1 Home equity and lines of credit 4 4 — 5 — — Commercial real estate — — — — — — Commercial business — — — — — — Consumer — — — — — — Total $ 76 $ 76 $ 4 $ 77 $ 1 $ 1 For the nine months ended September 30, 2019 Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 73 $ 3 $ 3 Home equity and lines of credit 5 — — Commercial real estate — — — Commercial business 16 — — Consumer — — — Total $ 94 $ 3 $ 3 Impaired Loans with No Specific Allowance As of September 30, 2019 For three months ended September 30, 2019 Unpaid Principal Balance Recorded Investment Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 369 $ 294 $ 298 $ 2 $ 2 Home equity and lines of credit — — — — — Commercial real estate 2,471 2,471 2,475 34 33 Commercial business 40 40 139 — — Consumer — — — — — Total $ 2,880 $ 2,805 $ 2,912 $ 36 $ 35 For the nine months ended September 30, 2019 Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 305 $ 3 $ 3 Home equity and lines of credit — — — Commercial real estate 1,254 87 34 Commercial business 89 7 2 Consumer — — — Total $ 1,648 $ 97 $ 39 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not December 31, 2018 (Dollar amounts in thousands) Impaired Loans with Specific Allowance As of December 31, 2018 For the year ended December 31, 2018 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 74 $ 74 $ 12 $ 74 $ 2 $ 2 Home equity and lines of credit 6 6 — 7 — — Commercial real estate — — — — — — Commercial business — — — — — — Consumer — — — — — — Total $ 80 $ 80 $ 12 $ 81 $ 2 $ 2 Impaired Loans with No Specific Allowance As of December 31, 2018 For the year ended December 31, 2018 Unpaid Principal Balance Recorded Investment Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 427 $ 315 $ 334 $ 5 $ 5 Home equity and lines of credit — — — — — Commercial real estate 34 34 768 156 73 Commercial business 39 39 248 74 74 Consumer — — — — — Total $ 500 $ 388 $ 1,350 $ 235 $ 152 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not September 30, 2018 (Dollar amounts in thousands) Impaired Loans with Specific Allowance As of September 30, 2018 For the three months ended September 30, 2018 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 74 $ 74 $ 7 $ 74 $ 1 $ 1 Home equity and lines of credit 6 6 — 7 — — Commercial real estate — — — — — — Commercial business — — — — — — Consumer — — — — — — Total $ 80 $ 80 $ 7 $ 81 $ 1 $ 1 For the nine months ended September 30, 2018 Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 75 $ 2 $ 2 Home equity and lines of credit 7 — — Commercial real estate — — — Commercial business — — — Consumer — — — Total $ 82 $ 2 $ 2 Impaired Loans with No Specific Allowance As of September 30, 2018 For the three months ended September 30, 2018 Unpaid Principal Balance Recorded Investment Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 438 $ 327 $ 330 $ 2 $ 2 Home equity and lines of credit — — — — — Commercial real estate 2,512 2,512 1,278 83 2 Commercial business 39 39 39 1 1 Consumer — — — — — Total $ 2,989 $ 2,878 $ 1,647 $ 86 $ 5 For the nine months ended September 30, 2018 Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 338 $ 3 $ 3 Home equity and lines of credit — — — Commercial real estate 952 125 42 Commercial business 300 74 74 Consumer — — — Total $ 1,590 $ 202 $ 119 Unpaid principal balance includes any loans that have been partially charged off but not not not Troubled debt restructurings (TDR). not not not At September 30, 2019 December 31, 2018 , the Corporation had $433,000 $394,000, $4,000 $12,000 September 30, 2019 December 31, 2018 , respectively. During the three September 30, 2019 not nine September 30, 2019 one $72,000. September 30, 2019 , the Corporation did not three nine September 30, 2018 not A loan is considered to be in payment default once it is 30 three nine September 30, 2019 and 2018 not twelve Credit Quality Indicators. Commercial real estate and commercial business loans not Management has determined certain portions of the loan portfolio to be homogeneous in nature and assigns like reserve factors for the following loan pool types: residential real estate, home equity loans and lines of credit, and consumer installment and personal lines of credit. The reserve allocation for risk rated loan pools is developed by applying the following factors: Historic twelve Qualitative Management uses the following definitions for risk ratings: Pass Special Mention may Substandard no Doubtful The following table presents the classes of the loan portfolio summarized by the aggregate pass and the criticized categories of special mention, substandard and doubtful within the Corporation’s internal risk rating system as of September 30, 2019 December 31, 2018 (Dollar amounts in thousands) Not Rated Pass Special Mention Substandard Doubtful Total September 30, 2019: Residential first mortgages $ 286,353 $ — $ — $ 1,084 $ — $ 287,437 Home equity and lines of credit 97,956 — — 672 — 98,628 Commercial real estate — 211,535 3,381 12,653 — 227,569 Commercial business — 66,935 204 2,695 — 69,834 Consumer 11,317 — — 81 — 11,398 Total loans $ 395,626 $ 278,470 $ 3,585 $ 17,185 $ — $ 694,866 December 31, 2018: Residential first mortgages $ 293,919 $ — $ — $ 1,486 $ — $ 295,405 Home equity and lines of credit 102,869 — — 883 — 103,752 Commercial real estate — 222,335 5,942 10,457 — 238,734 Commercial business — 62,022 542 3,445 — 66,009 Consumer 11,157 — — 115 — 11,272 Total loans $ 407,945 $ 284,357 $ 6,484 $ 16,386 $ — $ 715,172 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonperforming loans as of September 30, 2019 December 31, 2018 (Dollar amounts in thousands) Performing Nonperforming Accruing Loans Not Past Due Accruing 30-59 Days Past Due Accruing 60-89 Days Past Due Accruing 90+ Days Past Due Nonaccrual Total September 30, 2019: Residential first mortgages $ 282,766 $ 2,626 $ 1,024 $ 197 $ 824 $ 287,437 Home equity and lines of credit 97,361 438 187 110 532 98,628 Commercial real estate 222,078 2,172 126 — 3,193 227,569 Commercial business 69,653 76 65 — 40 69,834 Consumer 11,240 75 2 — 81 11,398 Total loans $ 683,098 $ 5,387 $ 1,404 $ 307 $ 4,670 $ 694,866 December 31, 2018: Residential first mortgages $ 289,732 $ 3,586 $ 747 $ 485 $ 855 $ 295,405 Home equity and lines of credit 101,920 707 351 287 487 103,752 Commercial real estate 232,865 5,013 231 19 606 238,734 Commercial business 65,538 50 247 — 174 66,009 Consumer 10,961 160 36 — 115 11,272 Total loans $ 701,016 $ 9,516 $ 1,612 $ 791 $ 2,237 $ 715,172 The following table presents the Corporation’s nonaccrual loans by aging category as of September 30, 2019 December 31, 2018 (Dollar amounts in thousands) Not Past Due 30-59 Days Past Due 60-89 Days Past Due 90 Days + Past Due Total September 30, 2019: Residential first mortgages $ 315 $ 72 $ — $ 437 $ 824 Home equity and lines of credit 4 — — 528 532 Commercial real estate 135 454 45 2,559 3,193 Commercial business 40 — — — 40 Consumer — — — 81 81 Total loans $ 494 $ 526 $ 45 $ 3,605 $ 4,670 December 31, 2018: Residential first mortgages $ 335 $ — $ 74 $ 446 $ 855 Home equity and lines of credit 6 — — 481 487 Commercial real estate 111 265 — 230 606 Commercial business — — 39 135 174 Consumer — — — 115 115 Total loans $ 452 $ 265 $ 113 $ 1,407 $ 2,237 |
Note 5 - Goodwill and Intangibl
Note 5 - Goodwill and Intangible Assets | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | 5. Goodwill and Intangible Assets The following table summarizes the Corporation’s acquired goodwill and intangible assets as of September 30, 2019 December 31, 2018 (Dollar amounts in thousands) September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Goodwill $ 19,460 $ — $ 19,448 $ — Core deposit intangibles 5,634 4,345 5,634 4,211 Total $ 25,094 $ 4,345 $ 25,082 $ 4,211 Goodwill resulted from five not may not November 30 No 2018 first nine 2019 The core deposit intangible asset, resulting from three not three nine September 30, 2019 $44,000 $134,000, $67,000 $203,000, 2018 |
Note 6 - Stock Compensation Pla
Note 6 - Stock Compensation Plan | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 6. Stock Compensation Plan In April 2014, 2014 176,866 September 30, 2019 37,783 88,433 Incentive stock options, non-incentive or compensatory stock options and share awards may ten may At September 30, 2019 no A summary of the status of the Corporation’s nonvested restricted stock awards as of September 30, 2019 Shares Weighted-Average Grant-date Fair Value Nonvested at January 1, 2019 37,250 $ 29.94 Granted — — Vested — — Forfeited — — Nonvested as of September 30, 2019 37,250 $ 29.94 For the three nine September 30, 2019 $90,000 $271,000, $37,000 $187,000, 2018 September 30, 2019 $513,000 three not |
Note 7 - Fair Value
Note 7 - Fair Value | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 7. Fair Value Management uses its best judgment in estimating the fair value of the Corporation’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not not may Assets measured at fair value on a recurring basis. The Corporation used the following methods and significant assumptions to estimate the fair value of the following assets: Debt securities available-for-sale, equity securities – The fair value of all investment securities are based upon the assumptions market participants would use in pricing the security. If available, investment securities are determined by quoted market prices (Level 1 1 not 2 2 not 3 may For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy are as follows: (Dollar amounts in thousands) (Level 1) (Level 2) (Level 3) Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2019: Securities available-for-sale U.S. Treasury $ 4,026 $ 4,026 $ — $ — U.S. government sponsored entities and agencies 8,080 — 8,080 — U.S. agency mortgage-backed securities: residential 44,538 — 44,538 — U.S. agency collateralized mortgage obligations: residential 30,557 — 30,557 — State and political subdivision 20,910 — 20,910 — Corporate debt securities 9,788 — 6,288 3,500 Total available-for-sale securities $ 117,899 $ 4,026 $ 110,373 $ 3,500 Equity securities $ 23 $ 23 $ — $ — December 31, 2018: Securities available-for-sale U.S. Treasury $ 4,445 $ 4,445 $ — $ — U.S. government sponsored entities and agencies 16,783 — 16,783 — U.S. agency mortgage-backed securities: residential 27,176 — 27,176 — U.S. agency collateralized mortgage obligations: residential 18,664 — 18,664 — State and political subdivisions 22,732 — 22,732 — Corporate debt securities 7,918 — 4,418 3,500 Total available-for-sale securities $ 97,718 $ 4,445 $ 89,773 $ 3,500 Equity securities $ 7 $ 7 $ — $ — The Corporation’s policy is to transfer assets or liabilities from one nine September 30, 2019 , the Corporation reclassified one 3 2. 2018 , the Corporation reclassified a restricted bank stock from the equity security portfolio to other assets and certain corporate securities from Level 3 2. 2018, $25,000 3. The following table presents changes in Level 3 three nine September 30, 2019 2018 : (Dollar amounts in thousands) Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Balance at the beginning of the period $ 3,000 $ 3,500 $ 3,500 $ 8,132 Total gains or losses (realized/unrealized): Included in earnings — — — 1 Included in other comprehensive income — — — — Purchased into Level 3 500 — 500 — Sold out of Level 3 — — — (25 ) Transfers in and/or out of Level 3 — — (500 ) (4,608 ) Balance at the end of the period $ 3,500 $ 3,500 $ 3,500 $ 3,500 Assets measured at fair value on a non-recurring basis. The Corporation used the following methods and significant assumptions to estimate the fair value of the following assets: Impaired loans – At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value generally receive a specific allowance for loan losses. For collateral dependent loans, fair value is commonly based on real estate appraisals. These appraisals may 3 may 3 September 30, 2019 and December 31, 2018 , the Corporation did not three September 30, 2019 there was no $63,000 nine month period ended September 30, 2019 , however, the loan was charged-off prior to the end of the second no 2018 . Other real estate owned (OREO) – Assets acquired through or instead of foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals. Management’s ongoing review of appraisal information may 3 September 30, 2019 and 2018 , respectively, the Corporation had no three September 30, 2019 and 2018 , there was no nine month periods ended September 30, 2019 and 2018 , there was expense recorded of $35,000 $11,000, December 31, 2018 , OREO measured at fair value less costs to sell had a net carrying amount of $160,000, $415,000 $255,000 Appraisals for both collateral-dependent impaired loans and OREO are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed by the Corporation. Once received, management reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. On an annual basis, the Corporation compares the actual selling price of OREO that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value. The most recent analysis performed indicated that a discount of 10% For assets measured at fair value on a non-recurring basis, the fair value measurements by level within the fair value hierarchy are as follows: (Dollar amounts in thousands) (Level 1) (Level 2) (Level 3) Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018: Other real estate owned $ 160 $ — $ — $ 160 Total $ 160 $ — $ — $ 160 The following table presents quantitative information about Level 3 (Dollar amounts in thousands) Valuation Unobservable Weighted Techniques(s) Input (s) Average December 31, 2018: Other real estate owned $ 160 Sales comparison approach Adjustment for differences between comparable sales 10 % At September 30, 2019 December 31, 2018 $68,000 $61,000, $4,000 $6,000, The following table sets forth the carrying amount and fair value of the Corporation’s financial instruments included in the consolidated balance sheet: (Dollar amounts in thousands) Carrying Fair Value Measurements using: Description Amount Total Level 1 Level 2 Level 3 September 30, 2019: Financial Assets: Cash and cash equivalents $ 49,302 $ 49,302 $ 49,302 $ — $ — Interest earning time deposits 10,198 10,198 — 10,198 — Securities - available-for-sale 117,899 117,899 4,026 110,373 3,500 Securities - equities 23 23 23 — — Loans held for sale 154 154 — 154 — Loans, net 688,357 682,392 — — 682,392 Federal bank stock 5,856 N/A N/A N/A N/A Accrued interest receivable 2,754 2,754 122 442 2,190 Total $ 874,542 $ 862,722 $ 53,473 $ 121,167 $ 688,082 Financial Liabilities: Deposits 808,025 814,778 580,820 233,958 — Borrowed funds 33,800 34,417 — 34,417 — Accrued interest payable 652 652 50 602 — Total $ 842,477 $ 849,847 $ 580,870 $ 268,977 $ — Carrying Fair Value Measurements using: Amount Total Level 1 Level 2 Level 3 December 31, 2018: Financial Assets: Cash and cash equivalents $ 10,955 $ 10,955 $ 10,955 $ — $ — Interest earning time deposits 6,738 6,738 — 6,738 — Securities - available-for-sale 97,718 97,718 4,445 89,773 3,500 Securities - equities 7 7 7 — — Loans held for sale — — — — — Loans, net 708,664 702,747 — — 702,747 Federal bank stock 6,351 N/A N/A N/A N/A Accrued interest receivable 2,570 2,570 63 351 2,156 Total $ 833,003 $ 820,735 $ 15,470 $ 96,862 $ 708,403 Financial Liabilities: Deposits 761,546 767,009 539,946 227,063 — Borrowed funds 45,350 44,869 — 44,869 — Accrued interest payable 495 495 30 465 — Total $ 807,391 $ 812,373 $ 539,976 $ 272,397 $ — This information should not may not |
Note 8 - Regulatory Matters
Note 8 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 8. Regulatory Matters Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. In 2018 $1 $3 The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (BASEL III rules) became effective for the Bank on January 1, 2015 January 1, 2019. 0.0% 2015 2.50% 2019. 2019 2.50% 2018 1.875%. not September 30, 2019 Prompt corrective action regulations provide five not September 30, 2019 no The following table sets forth certain information concerning the Bank’s regulatory capital as of the dates presented. The capital adequacy ratios disclosed below are exclusive of the capital conservation buffer. (Dollar amounts in thousands) September 30, 2019 December 31, 2018 Amount Ratio Amount Ratio Total capital to risk-weighted assets: Actual $ 79,681 13.78 % $ 76,344 12.93 % For capital adequacy purposes 46,243 8.00 % 47,252 8.00 % To be well capitalized 57,804 10.00 % 59,065 10.00 % Tier 1 capital to risk-weighted assets: Actual $ 73,172 12.66 % $ 69,836 11.82 % For capital adequacy purposes 34,682 6.00 % 35,439 6.00 % To be well capitalized 46,243 8.00 % 47,252 8.00 % Common Equity Tier 1 capital to risk-weighted assets: Actual $ 73,172 12.66 % $ 69,836 11.82 % For capital adequacy purposes 26,012 4.50 % 26,579 4.50 % To be well capitalized 37,573 6.50 % 38,393 6.50 % Tier 1 capital to average assets: Actual $ 73,172 8.13 % $ 69,836 7.95 % For capital adequacy purposes 35,990 4.00 % 35,126 4.00 % To be well capitalized 44,987 5.00 % 43,908 5.00 % |
Note 9 - Accumulated Other Comp
Note 9 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 9. Accumulated Other Comprehensive Income (Loss) The following tables summarize the changes within each classification of accumulated other comprehensive income (loss), net of tax, for the three September 30, 2019 2018 (Dollar amounts in thousands) Unrealized Gains and Losses on Available-for-Sale Securities Defined Benefit Pension Items Totals Accumulated Other Comprehensive Income (Loss) at July 1, 2019 $ 267 $ (4,840 ) $ (4,573 ) Other comprehensive income before reclassification 130 — 130 Amounts reclassified from accumulated other comprehensive income (loss) (33 ) — (33 ) Net current period other comprehensive income (loss) 97 — 97 Accumulated Other Comprehensive Income (Loss) at September 30, 2019 $ 364 $ (4,840 ) $ (4,476 ) (Dollar amounts in thousands) Amount Reclassified Details about Accumulated Other Comprehensive Loss Components from Accumulated Other Comprehensive Income For the three months ended September 30, 2019 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains and losses on available-for-sale securities $ (42 ) Net gain on sale of available-for-sale securities Tax effect 9 Provision for income taxes Total reclassifications for the period $ (33 ) Net of tax (Dollar amounts in thousands) Unrealized Gains and Losses on Available-for-Sale Securities Defined Benefit Pension Items Totals Accumulated Other Comprehensive Income (Loss) at July 1, 2018 $ (2,117 ) $ (4,839 ) $ (6,956 ) Other comprehensive income before reclassification (446 ) — (446 ) Amounts reclassified from accumulated other comprehensive income (loss) 2 — 2 Net current period other comprehensive income (loss) (444 ) — (444 ) Accumulated Other Comprehensive Income (Loss) at September 30, 2018 $ (2,561 ) $ (4,839 ) $ (7,400 ) (Dollar amounts in thousands) Amount Reclassified Details about Accumulated Other Comprehensive Loss Components from Accumulated Other Comprehensive Income For the three months ended September 30, 2018 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains and losses on available-for-sale securities $ 2 Net loss on sale of available-for-sale securities Tax effect — Provision for income taxes Total reclassifications for the period $ 2 Net of tax The following tables summarize the changes within each classification of accumulated other comprehensive income (loss), net of tax, for the nine September 30, 2019 2018 (Dollar amounts in thousands) Unrealized Gains and Losses on Available-for-Sale Securities Defined Benefit Pension Items Totals Accumulated Other Comprehensive Income (Loss) at January 1, 2019 $ (1,517 ) $ (4,840 ) $ (6,357 ) Other comprehensive income before reclassification 1,915 — 1,915 Amounts reclassified from accumulated other comprehensive income (loss) (34 ) — (34 ) Net current period other comprehensive income 1,881 — 1,881 Accumulated Other Comprehensive Income (Loss) at September 30, 2019 $ 364 $ (4,840 ) $ (4,476 ) (Dollar amount in thousands) Amount Reclassified Details about Accumulated Other Comprehensive Income Components from Accumulated Other Comprehensive Income For the Nine Months Ended September 30, 2019 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains and losses on available-for-sale securities $ (43 ) Net gain on sale of available-for-sale securities Tax effect 9 Provision for income taxes Total reclassifications for the period $ (34 ) Net of tax (Dollar amounts in thousands) Unrealized Gains and Losses on Available-for-Sale Securities Defined Benefit Pension Items Totals Accumulated Other Comprehensive Income (Loss) at January 1, 2018 $ (679 ) $ (4,839 ) $ (5,518 ) Cumulative effect of change in accounting principle for marketable equity securities, net of tax (187 ) — (187 ) Accumulated Other Comprehensive Income (Loss) at January 1, 2018, as adjusted $ (866 ) $ (4,839 ) $ (5,705 ) Other comprehensive income before reclassification (1,702 ) — (1,702 ) Amounts reclassified from accumulated other comprehensive income (loss) 7 — 7 Net current period other comprehensive income (1,695 ) — (1,695 ) Accumulated Other Comprehensive Income (Loss) at September 30, 2018 $ (2,561 ) $ (4,839 ) $ (7,400 ) (Dollar amount in thousands) Amount Reclassified Details about Accumulated Other Comprehensive Income Components from Accumulated Other Comprehensive Income For the Nine Months Ended September 30, 2018 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains and losses on available-for-sale securities $ 9 Net loss on sale of available-for-sale securities Tax effect (2 ) Provision for income taxes Total reclassifications for the period $ 7 Net of tax |
Note 10 - Revenue Recognition
Note 10 - Revenue Recognition | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 10. Revenue Recognition On January 1, 2018, 2014 09 606 606. not 606. 606, no Service charges on deposits: Electronic banking fees: The following table presents the Corporation's sources of noninterest income for the three nine September 30, 2019 and 2018 (Dollar amounts in thousands) For the three months ended September 30, For the nine months ended September 30, 2019 2018 2019 2018 Noninterest income In-scope of Topic 606: Service charges on deposits Maintenance fees $ 51 $ 38 $ 134 $ 114 Overdraft fees 403 417 1,253 1,100 Other fees 76 73 235 214 Electronic banking fees 384 327 1,079 971 Noninterest income (in-scope of Topic 606) 914 855 2,701 2,399 Noninterest income (out-of-scope of Topic 606)(1) 295 207 695 610 Total noninterest income $ 1,209 $ 1,062 $ 3,396 $ 3,009 ( 1 Noninterest income items that are out-of-scope include net realized gains (losses) on sales of securities, net gains (losses) on sales of loans, earnings on bank-owned life insurance and certain other noninterest income items. |
Note 11 - Leases
Note 11 - Leases | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 11. Leases Effective January 1, 2019, 2016 02, 842 September 30, 2019 five August 2025 December 2056, no 13.14 September 30, 2019 The discount rate used in determining the lease liability for each individual lease was the FHLB fixed advance rate which corresponded with the remaining lease term as of January 1, 2019 3.48% September 30, 2019 The total operating lease costs were $48,000 $145,000, three nine September 30, 2019 $1.5 $1.7 September 30, 2019 840 three nine September 30, 2018 $50,000 $150,000, Total estimated rental commitments for the operating leases were as follows as of September 30, 2019 (Dollar amounts in thousands) Year ending December 31: 2019 (excluding nine months) $ 53 2020 212 2021 217 2022 222 2023 222 Thereafter 1,289 Total minimum lease payments 2,215 Discount effect of cash flows (470 ) Present value of lease liabilities $ 1,745 |
Note 12 - Recent Accounting Pro
Note 12 - Recent Accounting Pronouncements (Continued) | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 12. Recent Accounting Pronouncements (continued) Newly Issued Not In June 2016, 2016 13, 326 2016 13 1 2 3 December 15, 2019, 2016 13 October 16, 2019, December 15, 2022. In January 2017, 2017 04, 2 not first December 15, 2019. January 1, 2017. not not not not 2 Adoption of New Accounting Policies In February 2016, 2016 02 2016 02 December 15, 2018, January 2018, 2018 01, January 1, 2019 $1.6 $1.8 $170,000, $45,000. 11 In March 2017, 2017 08, 310 20 2017 08 December 15, 2018, January 1, 2019 $10,000, $3,000, one In August 2017, 2017 12, 815 not not December 15, 2018, not no |
Note 2 - Earnings Per Common _2
Note 2 - Earnings Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (Dollar amounts in thousands, except for per share amounts) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Earnings per common share Net income $ 2,168 $ 1,161 $ 6,391 $ 3,935 Less: Preferred stock dividends — — 91 — Net income available to common stockholders $ 2,168 $ 1,161 $ 6,300 $ 3,935 Average common shares outstanding 2,698,712 2,271,139 2,698,712 2,271,139 Add: Dilutive effects of restricted stock awards 20,816 20,147 17,245 17,584 Average shares and dilutive potential common shares 2,719,528 2,291,286 2,715,957 2,288,723 Basic earnings per common share $ 0.80 $ 0.51 $ 2.33 $ 1.73 Diluted earnings per common share $ 0.80 $ 0.51 $ 2.32 $ 1.72 Restricted stock awards not considered in computing earnings per share because they were antidulitive — — — — |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | (Dollar amounts in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2019: U.S. Treasury $ 4,024 $ 7 $ (5 ) $ 4,026 U.S. government sponsored entities and agencies 8,085 18 (23 ) 8,080 U.S. agency mortgage-backed securities: residential 44,200 378 (40 ) 44,538 U.S. agency collateralized mortgage obligations: residential 30,714 105 (262 ) 30,557 State and political subdivisions 20,703 241 (34 ) 20,910 Corporate debt securities 9,713 97 (22 ) 9,788 Total securities available-for-sale $ 117,439 $ 846 $ (386 ) $ 117,899 December 31, 2018: U.S. Treasury $ 4,532 $ — $ (87 ) $ 4,445 U.S. government sponsored entities and agencies 17,052 30 (299 ) 16,783 U.S. agency mortgage-backed securities: residential 27,666 — (490 ) 27,176 U.S. agency collateralized mortgage obligations: residential 19,440 34 (810 ) 18,664 State and political subdivisions 22,943 13 (224 ) 22,732 Corporate debt securities 8,006 9 (97 ) 7,918 Total securities available-for-sale $ 99,639 $ 86 $ (2,007 ) $ 97,718 |
Investments Classified by Contractual Maturity Date [Table Text Block] | (Dollar amounts in thousands) Available-for-sale Amortized Cost Fair Value Due in one year or less $ 1,264 $ 1,261 Due after one year through five years 14,452 14,489 Due after five through ten years 12,109 12,283 Due after ten years 14,700 14,771 Mortgage-backed securities: residential 44,200 44,538 Collateralized mortgage obligations: residential 30,714 30,557 Total securities available-for-sale $ 117,439 $ 117,899 |
Schedule of Unrealized Loss on Investments [Table Text Block] | (Dollar amounts in thousands) Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss September 30, 2019: U.S. Treasury $ — $ — $ 2,001 $ (5 ) $ 2,001 $ (5 ) U.S. government sponsored entities and agencies — — 6,062 (23 ) 6,062 (23 ) U.S. agency mortgage-backed securities: residential 10,940 (34 ) 3,557 (6 ) 14,497 (40 ) U.S. agency collateralized mortgage obligations: residential 6,773 (58 ) 12,485 (204 ) 19,258 (262 ) State and political subdivisions 4,642 (34 ) — — 4,642 (34 ) Corporate debt securities 2,702 (11 ) 488 (11 ) 3,190 (22 ) Total $ 25,057 $ (137 ) $ 24,593 $ (249 ) $ 49,650 $ (386 ) December 31, 2018: U.S. Treasury $ — $ — $ 4,445 $ (87 ) $ 4,445 $ (87 ) U.S. government sponsored entities and agencies 2,472 (30 ) 10,337 (269 ) 12,809 (299 ) U.S. agency mortgage-backed securities: residential 19,483 (297 ) 7,693 (193 ) 27,176 (490 ) U.S. agency collateralized mortgage obligations: residential 1,443 (5 ) 15,388 (805 ) 16,831 (810 ) State and political subdivisions 7,061 (67 ) 10,083 (157 ) 17,144 (224 ) Corporate debt securities 962 (38 ) 2,448 (59 ) 3,410 (97 ) Total $ 31,421 $ (437 ) $ 50,394 $ (1,570 ) $ 81,815 $ (2,007 ) |
Schedule of Realized Gain (Loss) [Table Text Block] | (Dollar amounts in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2018 2019 2018 Proceeds $ 8,153 $ 5,888 $ 21,035 $ 12,683 Gains 45 3 80 17 Losses (3 ) (5 ) (37 ) (26 ) Tax provision related to gains (losses) 9 (1 ) 9 (2 ) |
Note 4 - Loans Receivable and_2
Note 4 - Loans Receivable and Related Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (Dollar amounts in thousands) September 30, 2019 December 31, 2018 Mortgage loans on real estate: Residential first mortgages $ 287,437 $ 295,405 Home equity loans and lines of credit 98,628 103,752 Commercial real estate 227,569 238,734 Total real estate loans 613,634 637,891 Other loans: Commercial business 69,834 66,009 Consumer 11,398 11,272 Total other loans 81,232 77,281 Total loans, gross 694,866 715,172 Less allowance for loan losses 6,509 6,508 Total loans, net $ 688,357 $ 708,664 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | (Dollar amounts in thousands) Residential Mortgages Home Equity & Lines of Credit Commercial Real Estate Commercial Business Consumer Total Three months ended September 30, 2019: Allowance for loan losses: Beginning Balance $ 2,225 $ 642 $ 3,043 $ 615 $ 55 $ 6,580 Charge-offs — (22 ) (8 ) — (39 ) (69 ) Recoveries — 4 104 — 35 143 Provision 16 11 (185 ) 5 8 (145 ) Ending Balance $ 2,241 $ 635 $ 2,954 $ 620 $ 59 $ 6,509 Nine months ended September 30, 2019: Allowance for loan losses: Beginning Balance $ 2,198 $ 648 $ 3,106 $ 500 $ 56 $ 6,508 Charge-offs (204 ) (56 ) (36 ) (134 ) (114 ) (544 ) Recoveries 40 5 132 — 63 240 Provision 207 38 (248 ) 254 54 305 Ending Balance $ 2,241 $ 635 $ 2,954 $ 620 $ 59 $ 6,509 At September 30, 2019: Ending ALL balance attributable to loans: Individually evaluated for impairment $ 4 $ — $ — $ — $ — $ 4 Acquired loans collectively evaluated for impairment — — — — — — Originated loans collectively evaluated for impairment 2,237 635 2,954 620 59 6,505 Total $ 2,241 $ 635 $ 2,954 $ 620 $ 59 $ 6,509 Total loans: Individually evaluated for impairment $ 366 $ 4 $ 2,471 $ 40 $ — $ 2,881 Acquired loans collectively evaluated for impairment 64,037 11,432 45,619 9,425 2,227 132,740 Originated loans collectively evaluated for impairment 223,034 87,192 179,479 60,369 9,171 559,245 Total $ 287,437 $ 98,628 $ 227,569 $ 69,834 $ 11,398 $ 694,866 At December 31, 2018: Ending ALL balance attributable to loans: Individually evaluated for impairment $ 12 $ — $ — $ — $ — $ 12 Acquired loans collectively evaluated for impairment — — — — — — Originated loans collectively evaluated for impairment 2,186 648 3,106 500 56 6,496 Total $ 2,198 $ 648 $ 3,106 $ 500 $ 56 $ 6,508 Total loans: Individually evaluated for impairment $ 389 $ 6 $ 34 $ 39 $ — $ 468 Acquired loans collectively evaluated for impairment 72,654 13,750 56,690 12,974 3,306 159,374 Originated loans collectively evaluated for impairment 222,362 89,996 182,010 52,996 7,966 555,330 Total $ 295,405 $ 103,752 $ 238,734 $ 66,009 $ 11,272 $ 715,172 Three months ended September 30, 2018: Allowance for loan losses: Beginning Balance $ 2,033 $ 650 $ 2,882 $ 499 $ 54 $ 6,118 Charge-offs — (26 ) (6 ) — (44 ) (76 ) Recoveries — 1 13 — 4 18 Provision 128 34 81 11 46 300 Ending Balance $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 Nine months ended September 30, 2018: Allowance for loan losses: Beginning Balance $ 2,090 $ 646 $ 2,753 $ 585 $ 53 $ 6,127 Charge-offs (61 ) (109 ) (424 ) — (213 ) (807 ) Recoveries 3 12 32 1 12 60 Provision 129 110 609 (76 ) 208 980 Ending Balance $ 2,161 $ 659 $ 2,970 $ 510 $ 60 $ 6,360 |
Impaired Financing Receivables [Table Text Block] | (Dollar amounts in thousands) Impaired Loans with Specific Allowance As of September 30, 2019 For three months ended September 30, 2019 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 72 $ 72 $ 4 $ 72 $ 1 $ 1 Home equity and lines of credit 4 4 — 5 — — Commercial real estate — — — — — — Commercial business — — — — — — Consumer — — — — — — Total $ 76 $ 76 $ 4 $ 77 $ 1 $ 1 For the nine months ended September 30, 2019 Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 73 $ 3 $ 3 Home equity and lines of credit 5 — — Commercial real estate — — — Commercial business 16 — — Consumer — — — Total $ 94 $ 3 $ 3 Impaired Loans with No Specific Allowance As of September 30, 2019 For three months ended September 30, 2019 Unpaid Principal Balance Recorded Investment Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 369 $ 294 $ 298 $ 2 $ 2 Home equity and lines of credit — — — — — Commercial real estate 2,471 2,471 2,475 34 33 Commercial business 40 40 139 — — Consumer — — — — — Total $ 2,880 $ 2,805 $ 2,912 $ 36 $ 35 For the nine months ended September 30, 2019 Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 305 $ 3 $ 3 Home equity and lines of credit — — — Commercial real estate 1,254 87 34 Commercial business 89 7 2 Consumer — — — Total $ 1,648 $ 97 $ 39 (Dollar amounts in thousands) Impaired Loans with Specific Allowance As of December 31, 2018 For the year ended December 31, 2018 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 74 $ 74 $ 12 $ 74 $ 2 $ 2 Home equity and lines of credit 6 6 — 7 — — Commercial real estate — — — — — — Commercial business — — — — — — Consumer — — — — — — Total $ 80 $ 80 $ 12 $ 81 $ 2 $ 2 Impaired Loans with No Specific Allowance As of December 31, 2018 For the year ended December 31, 2018 Unpaid Principal Balance Recorded Investment Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 427 $ 315 $ 334 $ 5 $ 5 Home equity and lines of credit — — — — — Commercial real estate 34 34 768 156 73 Commercial business 39 39 248 74 74 Consumer — — — — — Total $ 500 $ 388 $ 1,350 $ 235 $ 152 (Dollar amounts in thousands) Impaired Loans with Specific Allowance As of September 30, 2018 For the three months ended September 30, 2018 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 74 $ 74 $ 7 $ 74 $ 1 $ 1 Home equity and lines of credit 6 6 — 7 — — Commercial real estate — — — — — — Commercial business — — — — — — Consumer — — — — — — Total $ 80 $ 80 $ 7 $ 81 $ 1 $ 1 For the nine months ended September 30, 2018 Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 75 $ 2 $ 2 Home equity and lines of credit 7 — — Commercial real estate — — — Commercial business — — — Consumer — — — Total $ 82 $ 2 $ 2 Impaired Loans with No Specific Allowance As of September 30, 2018 For the three months ended September 30, 2018 Unpaid Principal Balance Recorded Investment Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 438 $ 327 $ 330 $ 2 $ 2 Home equity and lines of credit — — — — — Commercial real estate 2,512 2,512 1,278 83 2 Commercial business 39 39 39 1 1 Consumer — — — — — Total $ 2,989 $ 2,878 $ 1,647 $ 86 $ 5 For the nine months ended September 30, 2018 Average Recorded Investment Interest Income Recognized in Period Cash Basis Interest Recognized in Period Residential first mortgages $ 338 $ 3 $ 3 Home equity and lines of credit — — — Commercial real estate 952 125 42 Commercial business 300 74 74 Consumer — — — Total $ 1,590 $ 202 $ 119 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (Dollar amounts in thousands) Not Rated Pass Special Mention Substandard Doubtful Total September 30, 2019: Residential first mortgages $ 286,353 $ — $ — $ 1,084 $ — $ 287,437 Home equity and lines of credit 97,956 — — 672 — 98,628 Commercial real estate — 211,535 3,381 12,653 — 227,569 Commercial business — 66,935 204 2,695 — 69,834 Consumer 11,317 — — 81 — 11,398 Total loans $ 395,626 $ 278,470 $ 3,585 $ 17,185 $ — $ 694,866 December 31, 2018: Residential first mortgages $ 293,919 $ — $ — $ 1,486 $ — $ 295,405 Home equity and lines of credit 102,869 — — 883 — 103,752 Commercial real estate — 222,335 5,942 10,457 — 238,734 Commercial business — 62,022 542 3,445 — 66,009 Consumer 11,157 — — 115 — 11,272 Total loans $ 407,945 $ 284,357 $ 6,484 $ 16,386 $ — $ 715,172 |
Financing Receivable, Past Due [Table Text Block] | (Dollar amounts in thousands) Performing Nonperforming Accruing Loans Not Past Due Accruing 30-59 Days Past Due Accruing 60-89 Days Past Due Accruing 90+ Days Past Due Nonaccrual Total September 30, 2019: Residential first mortgages $ 282,766 $ 2,626 $ 1,024 $ 197 $ 824 $ 287,437 Home equity and lines of credit 97,361 438 187 110 532 98,628 Commercial real estate 222,078 2,172 126 — 3,193 227,569 Commercial business 69,653 76 65 — 40 69,834 Consumer 11,240 75 2 — 81 11,398 Total loans $ 683,098 $ 5,387 $ 1,404 $ 307 $ 4,670 $ 694,866 December 31, 2018: Residential first mortgages $ 289,732 $ 3,586 $ 747 $ 485 $ 855 $ 295,405 Home equity and lines of credit 101,920 707 351 287 487 103,752 Commercial real estate 232,865 5,013 231 19 606 238,734 Commercial business 65,538 50 247 — 174 66,009 Consumer 10,961 160 36 — 115 11,272 Total loans $ 701,016 $ 9,516 $ 1,612 $ 791 $ 2,237 $ 715,172 |
Financing Receivable, Nonaccrual [Table Text Block] | (Dollar amounts in thousands) Not Past Due 30-59 Days Past Due 60-89 Days Past Due 90 Days + Past Due Total September 30, 2019: Residential first mortgages $ 315 $ 72 $ — $ 437 $ 824 Home equity and lines of credit 4 — — 528 532 Commercial real estate 135 454 45 2,559 3,193 Commercial business 40 — — — 40 Consumer — — — 81 81 Total loans $ 494 $ 526 $ 45 $ 3,605 $ 4,670 December 31, 2018: Residential first mortgages $ 335 $ — $ 74 $ 446 $ 855 Home equity and lines of credit 6 — — 481 487 Commercial real estate 111 265 — 230 606 Commercial business — — 39 135 174 Consumer — — — 115 115 Total loans $ 452 $ 265 $ 113 $ 1,407 $ 2,237 |
Note 5 - Goodwill and Intangi_2
Note 5 - Goodwill and Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | (Dollar amounts in thousands) September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Goodwill $ 19,460 $ — $ 19,448 $ — Core deposit intangibles 5,634 4,345 5,634 4,211 Total $ 25,094 $ 4,345 $ 25,082 $ 4,211 |
Note 6 - Stock Compensation P_2
Note 6 - Stock Compensation Plan (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Shares Weighted-Average Grant-date Fair Value Nonvested at January 1, 2019 37,250 $ 29.94 Granted — — Vested — — Forfeited — — Nonvested as of September 30, 2019 37,250 $ 29.94 |
Note 7 - Fair Value (Tables)
Note 7 - Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | (Dollar amounts in thousands) (Level 1) (Level 2) (Level 3) Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs September 30, 2019: Securities available-for-sale U.S. Treasury $ 4,026 $ 4,026 $ — $ — U.S. government sponsored entities and agencies 8,080 — 8,080 — U.S. agency mortgage-backed securities: residential 44,538 — 44,538 — U.S. agency collateralized mortgage obligations: residential 30,557 — 30,557 — State and political subdivision 20,910 — 20,910 — Corporate debt securities 9,788 — 6,288 3,500 Total available-for-sale securities $ 117,899 $ 4,026 $ 110,373 $ 3,500 Equity securities $ 23 $ 23 $ — $ — December 31, 2018: Securities available-for-sale U.S. Treasury $ 4,445 $ 4,445 $ — $ — U.S. government sponsored entities and agencies 16,783 — 16,783 — U.S. agency mortgage-backed securities: residential 27,176 — 27,176 — U.S. agency collateralized mortgage obligations: residential 18,664 — 18,664 — State and political subdivisions 22,732 — 22,732 — Corporate debt securities 7,918 — 4,418 3,500 Total available-for-sale securities $ 97,718 $ 4,445 $ 89,773 $ 3,500 Equity securities $ 7 $ 7 $ — $ — |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | (Dollar amounts in thousands) Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Balance at the beginning of the period $ 3,000 $ 3,500 $ 3,500 $ 8,132 Total gains or losses (realized/unrealized): Included in earnings — — — 1 Included in other comprehensive income — — — — Purchased into Level 3 500 — 500 — Sold out of Level 3 — — — (25 ) Transfers in and/or out of Level 3 — — (500 ) (4,608 ) Balance at the end of the period $ 3,500 $ 3,500 $ 3,500 $ 3,500 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | (Dollar amounts in thousands) (Level 1) (Level 2) (Level 3) Description Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2018: Other real estate owned $ 160 $ — $ — $ 160 Total $ 160 $ — $ — $ 160 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (Dollar amounts in thousands) Valuation Unobservable Weighted Techniques(s) Input (s) Average December 31, 2018: Other real estate owned $ 160 Sales comparison approach Adjustment for differences between comparable sales 10 % |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (Dollar amounts in thousands) Carrying Fair Value Measurements using: Description Amount Total Level 1 Level 2 Level 3 September 30, 2019: Financial Assets: Cash and cash equivalents $ 49,302 $ 49,302 $ 49,302 $ — $ — Interest earning time deposits 10,198 10,198 — 10,198 — Securities - available-for-sale 117,899 117,899 4,026 110,373 3,500 Securities - equities 23 23 23 — — Loans held for sale 154 154 — 154 — Loans, net 688,357 682,392 — — 682,392 Federal bank stock 5,856 N/A N/A N/A N/A Accrued interest receivable 2,754 2,754 122 442 2,190 Total $ 874,542 $ 862,722 $ 53,473 $ 121,167 $ 688,082 Financial Liabilities: Deposits 808,025 814,778 580,820 233,958 — Borrowed funds 33,800 34,417 — 34,417 — Accrued interest payable 652 652 50 602 — Total $ 842,477 $ 849,847 $ 580,870 $ 268,977 $ — Carrying Fair Value Measurements using: Amount Total Level 1 Level 2 Level 3 December 31, 2018: Financial Assets: Cash and cash equivalents $ 10,955 $ 10,955 $ 10,955 $ — $ — Interest earning time deposits 6,738 6,738 — 6,738 — Securities - available-for-sale 97,718 97,718 4,445 89,773 3,500 Securities - equities 7 7 7 — — Loans held for sale — — — — — Loans, net 708,664 702,747 — — 702,747 Federal bank stock 6,351 N/A N/A N/A N/A Accrued interest receivable 2,570 2,570 63 351 2,156 Total $ 833,003 $ 820,735 $ 15,470 $ 96,862 $ 708,403 Financial Liabilities: Deposits 761,546 767,009 539,946 227,063 — Borrowed funds 45,350 44,869 — 44,869 — Accrued interest payable 495 495 30 465 — Total $ 807,391 $ 812,373 $ 539,976 $ 272,397 $ — |
Note 8 - Regulatory Matters (Ta
Note 8 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | (Dollar amounts in thousands) September 30, 2019 December 31, 2018 Amount Ratio Amount Ratio Total capital to risk-weighted assets: Actual $ 79,681 13.78 % $ 76,344 12.93 % For capital adequacy purposes 46,243 8.00 % 47,252 8.00 % To be well capitalized 57,804 10.00 % 59,065 10.00 % Tier 1 capital to risk-weighted assets: Actual $ 73,172 12.66 % $ 69,836 11.82 % For capital adequacy purposes 34,682 6.00 % 35,439 6.00 % To be well capitalized 46,243 8.00 % 47,252 8.00 % Common Equity Tier 1 capital to risk-weighted assets: Actual $ 73,172 12.66 % $ 69,836 11.82 % For capital adequacy purposes 26,012 4.50 % 26,579 4.50 % To be well capitalized 37,573 6.50 % 38,393 6.50 % Tier 1 capital to average assets: Actual $ 73,172 8.13 % $ 69,836 7.95 % For capital adequacy purposes 35,990 4.00 % 35,126 4.00 % To be well capitalized 44,987 5.00 % 43,908 5.00 % |
Note 9 - Accumulated Other Co_2
Note 9 - Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | (Dollar amounts in thousands) Unrealized Gains and Losses on Available-for-Sale Securities Defined Benefit Pension Items Totals Accumulated Other Comprehensive Income (Loss) at July 1, 2019 $ 267 $ (4,840 ) $ (4,573 ) Other comprehensive income before reclassification 130 — 130 Amounts reclassified from accumulated other comprehensive income (loss) (33 ) — (33 ) Net current period other comprehensive income (loss) 97 — 97 Accumulated Other Comprehensive Income (Loss) at September 30, 2019 $ 364 $ (4,840 ) $ (4,476 ) (Dollar amounts in thousands) Unrealized Gains and Losses on Available-for-Sale Securities Defined Benefit Pension Items Totals Accumulated Other Comprehensive Income (Loss) at July 1, 2018 $ (2,117 ) $ (4,839 ) $ (6,956 ) Other comprehensive income before reclassification (446 ) — (446 ) Amounts reclassified from accumulated other comprehensive income (loss) 2 — 2 Net current period other comprehensive income (loss) (444 ) — (444 ) Accumulated Other Comprehensive Income (Loss) at September 30, 2018 $ (2,561 ) $ (4,839 ) $ (7,400 ) (Dollar amounts in thousands) Unrealized Gains and Losses on Available-for-Sale Securities Defined Benefit Pension Items Totals Accumulated Other Comprehensive Income (Loss) at January 1, 2019 $ (1,517 ) $ (4,840 ) $ (6,357 ) Other comprehensive income before reclassification 1,915 — 1,915 Amounts reclassified from accumulated other comprehensive income (loss) (34 ) — (34 ) Net current period other comprehensive income 1,881 — 1,881 Accumulated Other Comprehensive Income (Loss) at September 30, 2019 $ 364 $ (4,840 ) $ (4,476 ) (Dollar amounts in thousands) Unrealized Gains and Losses on Available-for-Sale Securities Defined Benefit Pension Items Totals Accumulated Other Comprehensive Income (Loss) at January 1, 2018 $ (679 ) $ (4,839 ) $ (5,518 ) Cumulative effect of change in accounting principle for marketable equity securities, net of tax (187 ) — (187 ) Accumulated Other Comprehensive Income (Loss) at January 1, 2018, as adjusted $ (866 ) $ (4,839 ) $ (5,705 ) Other comprehensive income before reclassification (1,702 ) — (1,702 ) Amounts reclassified from accumulated other comprehensive income (loss) 7 — 7 Net current period other comprehensive income (1,695 ) — (1,695 ) Accumulated Other Comprehensive Income (Loss) at September 30, 2018 $ (2,561 ) $ (4,839 ) $ (7,400 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | (Dollar amounts in thousands) Amount Reclassified Details about Accumulated Other Comprehensive Loss Components from Accumulated Other Comprehensive Income For the three months ended September 30, 2019 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains and losses on available-for-sale securities $ (42 ) Net gain on sale of available-for-sale securities Tax effect 9 Provision for income taxes Total reclassifications for the period $ (33 ) Net of tax (Dollar amounts in thousands) Amount Reclassified Details about Accumulated Other Comprehensive Loss Components from Accumulated Other Comprehensive Income For the three months ended September 30, 2018 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains and losses on available-for-sale securities $ 2 Net loss on sale of available-for-sale securities Tax effect — Provision for income taxes Total reclassifications for the period $ 2 Net of tax (Dollar amount in thousands) Amount Reclassified Details about Accumulated Other Comprehensive Income Components from Accumulated Other Comprehensive Income For the Nine Months Ended September 30, 2019 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains and losses on available-for-sale securities $ (43 ) Net gain on sale of available-for-sale securities Tax effect 9 Provision for income taxes Total reclassifications for the period $ (34 ) Net of tax (Dollar amount in thousands) Amount Reclassified Details about Accumulated Other Comprehensive Income Components from Accumulated Other Comprehensive Income For the Nine Months Ended September 30, 2018 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains and losses on available-for-sale securities $ 9 Net loss on sale of available-for-sale securities Tax effect (2 ) Provision for income taxes Total reclassifications for the period $ 7 Net of tax |
Note 10 - Revenue Recognition (
Note 10 - Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | (Dollar amounts in thousands) For the three months ended September 30, For the nine months ended September 30, 2019 2018 2019 2018 Noninterest income In-scope of Topic 606: Service charges on deposits Maintenance fees $ 51 $ 38 $ 134 $ 114 Overdraft fees 403 417 1,253 1,100 Other fees 76 73 235 214 Electronic banking fees 384 327 1,079 971 Noninterest income (in-scope of Topic 606) 914 855 2,701 2,399 Noninterest income (out-of-scope of Topic 606)(1) 295 207 695 610 Total noninterest income $ 1,209 $ 1,062 $ 3,396 $ 3,009 |
Note 11 - Leases (Tables)
Note 11 - Leases (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | (Dollar amounts in thousands) Year ending December 31: 2019 (excluding nine months) $ 53 2020 212 2021 217 2022 222 2023 222 Thereafter 1,289 Total minimum lease payments 2,215 Discount effect of cash flows (470 ) Present value of lease liabilities $ 1,745 |
Note 2 - Earnings Per Share - E
Note 2 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net income | $ 2,168 | $ 2,140 | $ 2,082 | $ 1,161 | $ 1,413 | $ 1,362 | $ 6,391 | $ 3,935 |
Preferred stock dividends | 91 | |||||||
Net income available to common stockholders | $ 2,168 | $ 1,161 | $ 6,300 | $ 3,935 | ||||
Average common shares outstanding - basic (in shares) | 2,698,712 | 2,271,139 | 2,698,712 | 2,271,139 | ||||
Add: Dilutive effects of restricted stock awards (in shares) | 20,816 | 20,147 | 17,245 | 17,584 | ||||
Average shares and dilutive potential common shares (in shares) | 2,719,528 | 2,291,286 | 2,715,957 | 2,288,723 | ||||
Basic earnings per common share (in dollars per share) | $ 0.80 | $ 0.51 | $ 2.33 | $ 1.73 | ||||
Diluted earnings per common share (in dollars per share) | $ 0.80 | $ 0.51 | $ 2.32 | $ 1.72 | ||||
Restricted stock awards not considered in computing earnings per share because they were antidulitive (in shares) |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2018USD ($) | |
Equity Securities, FV-NI | $ 23,000 | $ 23,000 | $ 7,000 | ||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | 6,000 | $ (1,000) | 16,000 | $ (7,000) | |
Equity Securities Sold, Amount | $ 0 | $ 0 | 1,200,000 | ||
Equity Securities, FV-NI, Realized Gain (Loss), Total | $ 43,000 | ||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 52 | 52 | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 35 | 35 | |||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 23 | 23 | |||
US Government-sponsored Enterprises Debt Securities [Member] | |||||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 5 | 5 | |||
Collateralized Mortgage Backed Securities [Member] | |||||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 4 | 4 | |||
US Treasury and Government [Member] | |||||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 2 | 2 | |||
US States and Political Subdivisions Debt Securities [Member] | |||||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 1 | 1 |
Note 3 - Securities - Summary o
Note 3 - Securities - Summary of Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
U.S. Debt securities, fair value | $ 117,439 | $ 99,639 |
Debt securities, fair value | 846 | 86 |
U.S. Treasury | (386) | (2,007) |
Debt securities, fair value | 117,899 | 97,718 |
US Treasury and Government [Member] | ||
U.S. Debt securities, fair value | 4,024 | 4,532 |
Debt securities, fair value | 7 | |
U.S. Treasury | (5) | (87) |
Debt securities, fair value | 4,026 | 4,445 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
U.S. Debt securities, fair value | 8,085 | 17,052 |
Debt securities, fair value | 18 | 30 |
U.S. Treasury | (23) | (299) |
Debt securities, fair value | 8,080 | 16,783 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
U.S. Debt securities, fair value | 44,200 | 27,666 |
Debt securities, fair value | 378 | |
U.S. Treasury | (40) | (490) |
Debt securities, fair value | 44,538 | 27,176 |
Collateralized Mortgage Obligations [Member] | ||
U.S. Debt securities, fair value | 30,714 | 19,440 |
Debt securities, fair value | 105 | 34 |
U.S. Treasury | (262) | (810) |
Debt securities, fair value | 30,557 | 18,664 |
US States and Political Subdivisions Debt Securities [Member] | ||
U.S. Debt securities, fair value | 20,703 | 22,943 |
Debt securities, fair value | 241 | 13 |
U.S. Treasury | (34) | (224) |
Debt securities, fair value | 20,910 | 22,732 |
Corporate Debt Securities [Member] | ||
U.S. Debt securities, fair value | 9,713 | 8,006 |
Debt securities, fair value | 97 | 9 |
U.S. Treasury | (22) | (97) |
Debt securities, fair value | $ 9,788 | $ 7,918 |
Note 3 - Securities - Maturity
Note 3 - Securities - Maturity of Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Due in one year or less, amortized cost | $ 1,264 | |
Due after one year through five years, amortized cost | 14,452 | |
Due after five through ten years, amortized cost | 12,109 | |
Due after ten years, amortized cost | 14,700 | |
U.S. Debt securities, fair value | 117,439 | $ 99,639 |
Due in one year or less, fair value | 1,261 | |
Due after one year through five years, fair value | 14,489 | |
Due after five through ten years, fair value | 12,283 | |
Due after ten years, fair value | 14,771 | |
Securities available-for-sale, fair value | 117,899 | 97,718 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities without maturity date, amortized cost | 44,200 | |
U.S. Debt securities, fair value | 44,200 | 27,666 |
Securities without maturity date, fair value | 44,538 | |
Securities available-for-sale, fair value | 44,538 | 27,176 |
Collateralized Mortgage Obligations [Member] | ||
Securities without maturity date, amortized cost | 30,714 | |
U.S. Debt securities, fair value | 30,714 | 19,440 |
Securities without maturity date, fair value | 30,557 | |
Securities available-for-sale, fair value | $ 30,557 | $ 18,664 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Less than 12 months, fair value | $ 25,057 | $ 31,421 |
Less than 12 months, unrealized loss | (137) | (437) |
12 months or more, fair value | 24,593 | 50,394 |
12 months or more, unrealized loss | (249) | (1,570) |
Total, fair value | 49,650 | 81,815 |
Total, unrealized loss | (386) | (2,007) |
US Treasury and Government [Member] | ||
Less than 12 months, fair value | ||
Less than 12 months, unrealized loss | ||
12 months or more, fair value | 2,001 | 4,445 |
12 months or more, unrealized loss | (5) | (87) |
Total, fair value | 2,001 | 4,445 |
Total, unrealized loss | (5) | (87) |
US Government Agencies Debt Securities [Member] | ||
Less than 12 months, fair value | 2,472 | |
Less than 12 months, unrealized loss | (30) | |
12 months or more, fair value | 6,062 | 10,337 |
12 months or more, unrealized loss | (23) | (269) |
Total, fair value | 6,062 | 12,809 |
Total, unrealized loss | (23) | (299) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, fair value | 10,940 | 19,483 |
Less than 12 months, unrealized loss | (34) | (297) |
12 months or more, fair value | 3,557 | 7,693 |
12 months or more, unrealized loss | (6) | (193) |
Total, fair value | 14,497 | 27,176 |
Total, unrealized loss | (40) | (490) |
Collateralized Mortgage Obligations [Member] | ||
Less than 12 months, fair value | 6,773 | 1,443 |
Less than 12 months, unrealized loss | (58) | (5) |
12 months or more, fair value | 12,485 | 15,388 |
12 months or more, unrealized loss | (204) | (805) |
Total, fair value | 19,258 | 16,831 |
Total, unrealized loss | (262) | (810) |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, fair value | 4,642 | 7,061 |
Less than 12 months, unrealized loss | (34) | (67) |
12 months or more, fair value | 10,083 | |
12 months or more, unrealized loss | (157) | |
Total, fair value | 4,642 | 17,144 |
Total, unrealized loss | (34) | (224) |
Corporate Debt Securities [Member] | ||
Less than 12 months, fair value | 2,702 | 962 |
Less than 12 months, unrealized loss | (11) | (38) |
12 months or more, fair value | 488 | 2,448 |
12 months or more, unrealized loss | (11) | (59) |
Total, fair value | 3,190 | 3,410 |
Total, unrealized loss | $ (22) | $ (97) |
Note 3 - Securities - Gains on
Note 3 - Securities - Gains on Sales of Available for Sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Proceeds | $ 8,153 | $ 5,888 | $ 21,035 | $ 12,683 |
Gains | 45 | 3 | 80 | 17 |
Losses | (3) | (5) | (37) | (26) |
Tax provision related to gains (losses) | $ 9 | $ (1) | $ 9 | $ (2) |
Note 4 - Loans Receivable and_3
Note 4 - Loans Receivable and Related Allowance for Loan Losses (Details Textual) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Loans and Leases Receivable, Deferred Income, Total | $ 2,300,000 | $ 2,300,000 | $ 2,200,000 | |||||
Loans and Leases Receivable, Allowance, Ending Balance | 6,509,000 | $ 6,360,000 | 6,509,000 | $ 6,360,000 | $ 6,580,000 | 6,508,000 | $ 6,118,000 | $ 6,127,000 |
Financing Receivable, Troubled Debt Restructuring | 433,000 | 433,000 | 394,000 | |||||
Allowance for Losses Allocated to Loans Classified as TDRS | $ 4,000 | $ 4,000 | 12,000 | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | |||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | ||||
Residential Portfolio Segment [Member] | ||||||||
Loans and Leases Receivable, Allowance, Ending Balance | $ 2,241,000 | $ 2,161,000 | $ 2,241,000 | $ 2,161,000 | $ 2,225,000 | $ 2,198,000 | $ 2,033,000 | $ 2,090,000 |
Financing Receivable, Troubled Debt Restructuring | 72,000 | 72,000 | ||||||
Allowance for Losses Allocated to Loans Classified as TDRS | 0 | $ 0 | ||||||
Financing Receivable, Modifications, Number of Contracts | 1 | |||||||
United American Savings Bank [Member] | ||||||||
Loans and Leases Receivable, Allowance, Ending Balance | 0 | $ 0 | ||||||
Community First [Member] | ||||||||
Loans and Leases Receivable, Allowance, Ending Balance | 0 | 0 | ||||||
Northern Hancock Bank & Trust Co. [Member] | ||||||||
Loans and Leases Receivable, Allowance, Ending Balance | $ 0 | $ 0 |
Note 4 - Loans Receivable and_4
Note 4 - Loans Receivable and Related Allowance for Loan Losses - Summary of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Loans, gross | $ 694,866 | $ 715,172 | ||||
Loans and Leases Receivable, Allowance, Ending Balance | 6,509 | $ 6,580 | 6,508 | $ 6,360 | $ 6,118 | $ 6,127 |
Total loans, net | 688,357 | 708,664 | ||||
Mortgage Receivable [Member] | ||||||
Loans, gross | 613,634 | 637,891 | ||||
Other Loans [Member] | ||||||
Loans, gross | 81,232 | 77,281 | ||||
Residential Portfolio Segment [Member] | ||||||
Loans, gross | 287,437 | 295,405 | ||||
Loans and Leases Receivable, Allowance, Ending Balance | 2,241 | 2,225 | 2,198 | 2,161 | 2,033 | 2,090 |
Residential Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Loans, gross | 287,437 | 295,405 | ||||
Home Equity Loans and Lines of Credit [Member] | ||||||
Loans, gross | 98,628 | 103,752 | ||||
Loans and Leases Receivable, Allowance, Ending Balance | 635 | 642 | 648 | 659 | 650 | 646 |
Home Equity Loans and Lines of Credit [Member] | Mortgage Receivable [Member] | ||||||
Loans, gross | 98,628 | 103,752 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Loans, gross | 227,569 | 238,734 | ||||
Loans and Leases Receivable, Allowance, Ending Balance | 2,954 | 3,043 | 3,106 | 2,970 | 2,882 | 2,753 |
Commercial Real Estate Portfolio Segment [Member] | Mortgage Receivable [Member] | ||||||
Loans, gross | 227,569 | 238,734 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans, gross | 69,834 | 66,009 | ||||
Loans and Leases Receivable, Allowance, Ending Balance | 620 | 615 | 500 | 510 | 499 | 585 |
Commercial Portfolio Segment [Member] | Other Loans [Member] | ||||||
Loans, gross | 69,834 | 66,009 | ||||
Consumer Portfolio Segment [Member] | ||||||
Loans, gross | 11,398 | 11,272 | ||||
Loans and Leases Receivable, Allowance, Ending Balance | 59 | $ 55 | 56 | $ 60 | $ 54 | $ 53 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Loans, gross | $ 11,398 | $ 11,272 |
Note 4 - Loans Receivable and_5
Note 4 - Loans Receivable and Related Allowance for Loan Losses - Activity in Allowance for Loan Losses by Portfolio (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Dec. 31, 2018 | |
Beginning Balance | $ 6,580 | $ 6,118 | $ 6,508 | $ 6,127 | ||
Charge-offs | (69) | (76) | (544) | (807) | ||
Recoveries | 143 | 18 | 240 | 60 | ||
Provision | (145) | 300 | 305 | 980 | ||
Ending Balance | 6,509 | 6,360 | 6,509 | 6,360 | ||
Individually evaluated for impairment | $ 4 | $ 12 | ||||
Total | 6,509 | 6,118 | 6,509 | 6,360 | 6,509 | 6,508 |
Individually evaluated for impairment | 2,881 | 468 | ||||
Loans, gross | 694,866 | 715,172 | ||||
Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans collectively evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 132,740 | 159,374 | ||||
Financial Asset Originated [Member] | ||||||
Loans collectively evaluated for impairment | 6,505 | 6,496 | ||||
Loans collectively evaluated for impairment | 559,245 | 555,330 | ||||
Residential Portfolio Segment [Member] | ||||||
Beginning Balance | 2,225 | 2,033 | 2,198 | 2,090 | ||
Charge-offs | (204) | (61) | ||||
Recoveries | 40 | 3 | ||||
Provision | 16 | 128 | 207 | 129 | ||
Ending Balance | 2,241 | 2,161 | 2,241 | 2,161 | ||
Individually evaluated for impairment | 4 | 12 | ||||
Total | 2,225 | 2,033 | 2,241 | 2,161 | 2,241 | 2,198 |
Individually evaluated for impairment | 366 | 389 | ||||
Loans, gross | 287,437 | 295,405 | ||||
Residential Portfolio Segment [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans collectively evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 64,037 | 72,654 | ||||
Residential Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Loans collectively evaluated for impairment | 2,237 | 2,186 | ||||
Loans collectively evaluated for impairment | 223,034 | 222,362 | ||||
Home Equity Loans and Lines of Credit [Member] | ||||||
Beginning Balance | 642 | 650 | 648 | 646 | ||
Charge-offs | (22) | (26) | (56) | (109) | ||
Recoveries | 4 | 1 | 5 | 12 | ||
Provision | 11 | 34 | 38 | 110 | ||
Ending Balance | 635 | 659 | 635 | 659 | ||
Individually evaluated for impairment | ||||||
Total | 642 | 650 | 635 | 659 | 635 | 648 |
Individually evaluated for impairment | 4 | 6 | ||||
Loans, gross | 98,628 | 103,752 | ||||
Home Equity Loans and Lines of Credit [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans collectively evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 11,432 | 13,750 | ||||
Home Equity Loans and Lines of Credit [Member] | Financial Asset Originated [Member] | ||||||
Loans collectively evaluated for impairment | 635 | 648 | ||||
Loans collectively evaluated for impairment | 87,192 | 89,996 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Beginning Balance | 3,043 | 2,882 | 3,106 | 2,753 | ||
Charge-offs | (8) | (6) | (36) | (424) | ||
Recoveries | 104 | 13 | 132 | 32 | ||
Provision | (185) | 81 | (248) | 609 | ||
Ending Balance | 2,954 | 2,970 | 2,954 | 2,970 | ||
Individually evaluated for impairment | ||||||
Total | 3,043 | 2,882 | 2,954 | 2,970 | 2,954 | 3,106 |
Individually evaluated for impairment | 2,471 | 34 | ||||
Loans, gross | 227,569 | 238,734 | ||||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans collectively evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 45,619 | 56,690 | ||||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Loans collectively evaluated for impairment | 2,954 | 3,106 | ||||
Loans collectively evaluated for impairment | 179,479 | 182,010 | ||||
Commercial Portfolio Segment [Member] | ||||||
Beginning Balance | 615 | 499 | 500 | 585 | ||
Charge-offs | (134) | |||||
Recoveries | 1 | |||||
Provision | 5 | 11 | 254 | (76) | ||
Ending Balance | 620 | 510 | 620 | 510 | ||
Individually evaluated for impairment | ||||||
Total | 615 | 499 | 620 | 510 | 620 | 500 |
Individually evaluated for impairment | 40 | 39 | ||||
Loans, gross | 69,834 | 66,009 | ||||
Commercial Portfolio Segment [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans collectively evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 9,425 | 12,974 | ||||
Commercial Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Loans collectively evaluated for impairment | 620 | 500 | ||||
Loans collectively evaluated for impairment | 60,369 | 52,996 | ||||
Consumer Portfolio Segment [Member] | ||||||
Beginning Balance | 55 | 54 | 56 | 53 | ||
Charge-offs | (39) | (44) | (114) | (213) | ||
Recoveries | 35 | 4 | 63 | 12 | ||
Provision | 8 | 46 | 54 | 208 | ||
Ending Balance | 59 | 60 | 59 | 60 | ||
Individually evaluated for impairment | ||||||
Total | $ 55 | $ 54 | $ 59 | $ 60 | 59 | 56 |
Individually evaluated for impairment | ||||||
Loans, gross | 11,398 | 11,272 | ||||
Consumer Portfolio Segment [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | ||||||
Loans collectively evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 2,227 | 3,306 | ||||
Consumer Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Loans collectively evaluated for impairment | 59 | 56 | ||||
Loans collectively evaluated for impairment | $ 9,171 | $ 7,966 |
Note 4 - Loans Receivable and_6
Note 4 - Loans Receivable and Related Allowance for Loan Losses - Impaired Loans by Class (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Impaired loans with specific allowance, unpaid principal balance | $ 76 | $ 80 | $ 76 | $ 80 | $ 80 |
Impaired loans with specific allowance, recorded investment | 76 | 80 | 76 | 80 | 80 |
Related allowance | 4 | 7 | 4 | 7 | 12 |
Impaired loans with specific allowance, average recorded investment | 77 | 81 | 94 | 82 | 81 |
Impaired loans with specific allowance, interest income recognized in period | 1 | 1 | 3 | 2 | 2 |
Impaired loans with specific allowance, cash basis interest recognized in period | 1 | 1 | 3 | 2 | 2 |
Impaired loans with no specific allowance, unpaid principal balance | 2,880 | 2,989 | 2,880 | 2,989 | 500 |
Impaired loans with no specific allowance, recorded investment | 2,805 | 2,878 | 2,805 | 2,878 | 388 |
Impaired loans with no specific allowance, average recorded investment | 2,912 | 1,647 | 1,648 | 1,590 | 1,350 |
Impaired loans with no specific allowance, interest income recognized in period | 36 | 86 | 97 | 202 | 235 |
Impaired loans with no specific allowance, cash basis interest recognized in period | 35 | 5 | 39 | 119 | 152 |
Residential Portfolio Segment [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | 72 | 74 | 72 | 74 | 74 |
Impaired loans with specific allowance, recorded investment | 72 | 74 | 72 | 74 | 74 |
Related allowance | 4 | 7 | 4 | 7 | 12 |
Impaired loans with specific allowance, average recorded investment | 72 | 74 | 73 | 75 | 74 |
Impaired loans with specific allowance, interest income recognized in period | 1 | 1 | 3 | 2 | 2 |
Impaired loans with specific allowance, cash basis interest recognized in period | 1 | 1 | 3 | 2 | 2 |
Impaired loans with no specific allowance, unpaid principal balance | 369 | 438 | 369 | 438 | 427 |
Impaired loans with no specific allowance, recorded investment | 294 | 327 | 294 | 327 | 315 |
Impaired loans with no specific allowance, average recorded investment | 298 | 330 | 305 | 338 | 334 |
Impaired loans with no specific allowance, interest income recognized in period | 2 | 2 | 3 | 3 | 5 |
Impaired loans with no specific allowance, cash basis interest recognized in period | 2 | 2 | 3 | 3 | 5 |
Home Equity Loans and Lines of Credit [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | 4 | 6 | 4 | 6 | 6 |
Impaired loans with specific allowance, recorded investment | 4 | 6 | 4 | 6 | 6 |
Related allowance | |||||
Impaired loans with specific allowance, average recorded investment | 5 | 7 | 5 | 7 | 7 |
Impaired loans with specific allowance, interest income recognized in period | |||||
Impaired loans with specific allowance, cash basis interest recognized in period | |||||
Impaired loans with no specific allowance, unpaid principal balance | |||||
Impaired loans with no specific allowance, recorded investment | |||||
Impaired loans with no specific allowance, average recorded investment | |||||
Impaired loans with no specific allowance, interest income recognized in period | |||||
Impaired loans with no specific allowance, cash basis interest recognized in period | |||||
Commercial Real Estate Portfolio Segment [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | |||||
Impaired loans with specific allowance, recorded investment | |||||
Related allowance | |||||
Impaired loans with specific allowance, average recorded investment | |||||
Impaired loans with specific allowance, interest income recognized in period | |||||
Impaired loans with specific allowance, cash basis interest recognized in period | |||||
Impaired loans with no specific allowance, unpaid principal balance | 2,471 | 2,512 | 2,471 | 2,512 | 34 |
Impaired loans with no specific allowance, recorded investment | 2,471 | 2,512 | 2,471 | 2,512 | 34 |
Impaired loans with no specific allowance, average recorded investment | 2,475 | 1,278 | 1,254 | 952 | 768 |
Impaired loans with no specific allowance, interest income recognized in period | 34 | 83 | 87 | 125 | 156 |
Impaired loans with no specific allowance, cash basis interest recognized in period | 33 | 2 | 34 | 42 | 73 |
Commercial Portfolio Segment [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | |||||
Impaired loans with specific allowance, recorded investment | |||||
Related allowance | |||||
Impaired loans with specific allowance, average recorded investment | 16 | ||||
Impaired loans with specific allowance, interest income recognized in period | |||||
Impaired loans with specific allowance, cash basis interest recognized in period | |||||
Impaired loans with no specific allowance, unpaid principal balance | 40 | 39 | 40 | 39 | 39 |
Impaired loans with no specific allowance, recorded investment | 40 | 39 | 40 | 39 | 39 |
Impaired loans with no specific allowance, average recorded investment | 139 | 39 | 89 | 300 | 248 |
Impaired loans with no specific allowance, interest income recognized in period | 1 | 7 | 74 | 74 | |
Impaired loans with no specific allowance, cash basis interest recognized in period | 1 | 2 | 74 | 74 | |
Consumer Portfolio Segment [Member] | |||||
Impaired loans with specific allowance, unpaid principal balance | |||||
Impaired loans with specific allowance, recorded investment | |||||
Related allowance | |||||
Impaired loans with specific allowance, average recorded investment | |||||
Impaired loans with specific allowance, interest income recognized in period | |||||
Impaired loans with specific allowance, cash basis interest recognized in period | |||||
Impaired loans with no specific allowance, unpaid principal balance | |||||
Impaired loans with no specific allowance, recorded investment | |||||
Impaired loans with no specific allowance, average recorded investment | |||||
Impaired loans with no specific allowance, interest income recognized in period | |||||
Impaired loans with no specific allowance, cash basis interest recognized in period |
Note 4 - Loans Receivable and_7
Note 4 - Loans Receivable and Related Allowance for Loan Losses - Loan Portfolio by Internal Risk Rating (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Loans | $ 694,866 | $ 715,172 |
Residential Portfolio Segment [Member] | ||
Loans | 287,437 | 295,405 |
Home Equity Loans and Lines of Credit [Member] | ||
Loans | 98,628 | 103,752 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 227,569 | 238,734 |
Commercial Portfolio Segment [Member] | ||
Loans | 69,834 | 66,009 |
Consumer Portfolio Segment [Member] | ||
Loans | 11,398 | 11,272 |
Not Rated [Member] | ||
Loans | 395,626 | 407,945 |
Not Rated [Member] | Residential Portfolio Segment [Member] | ||
Loans | 286,353 | 293,919 |
Not Rated [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | 97,956 | 102,869 |
Not Rated [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | ||
Not Rated [Member] | Commercial Portfolio Segment [Member] | ||
Loans | ||
Not Rated [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 11,317 | 11,157 |
Pass [Member] | ||
Loans | 278,470 | 284,357 |
Pass [Member] | Residential Portfolio Segment [Member] | ||
Loans | ||
Pass [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | ||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 211,535 | 222,335 |
Pass [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 66,935 | 62,022 |
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans | ||
Special Mention [Member] | ||
Loans | 3,585 | 6,484 |
Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Loans | ||
Special Mention [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | ||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 3,381 | 5,942 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 204 | 542 |
Special Mention [Member] | Consumer Portfolio Segment [Member] | ||
Loans | ||
Substandard [Member] | ||
Loans | 17,185 | 16,386 |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Loans | 1,084 | 1,486 |
Substandard [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | 672 | 883 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 12,653 | 10,457 |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 2,695 | 3,445 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 81 | 115 |
Doubtful [Member] | ||
Loans | ||
Doubtful [Member] | Residential Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Home Equity Loans and Lines of Credit [Member] | ||
Loans | ||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Commercial Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Consumer Portfolio Segment [Member] | ||
Loans |
Note 4 - Loans Receivable and_8
Note 4 - Loans Receivable and Related Allowance for Loan Losses - Classes of Loan Portfolio by Aging Categories (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 |
Accruing loans not past due | $ 683,098 | $ 701,016 | |
Nonaccrual | 4,670 | $ 4,670 | 2,237 |
Loans | 694,866 | 715,172 | |
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Accruing loans past due | 5,387 | 9,516 | |
Nonaccrual | 526 | 265 | |
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Accruing loans past due | 1,404 | 1,612 | |
Nonaccrual | 45 | 113 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | 307 | 791 | |
Nonaccrual | 3,605 | 1,407 | |
Residential Portfolio Segment [Member] | |||
Accruing loans not past due | 282,766 | 289,732 | |
Nonaccrual | 824 | 824 | 855 |
Loans | 287,437 | 295,405 | |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Accruing loans past due | 2,626 | 3,586 | |
Nonaccrual | 72 | ||
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Accruing loans past due | 1,024 | 747 | |
Nonaccrual | 74 | ||
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | 197 | 485 | |
Nonaccrual | 437 | 446 | |
Home Equity Loans and Lines of Credit [Member] | |||
Accruing loans not past due | 97,361 | 101,920 | |
Nonaccrual | 532 | 532 | 487 |
Loans | 98,628 | 103,752 | |
Home Equity Loans and Lines of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Accruing loans past due | 438 | 707 | |
Nonaccrual | |||
Home Equity Loans and Lines of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Accruing loans past due | 187 | 351 | |
Nonaccrual | |||
Home Equity Loans and Lines of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | 110 | 287 | |
Nonaccrual | 528 | 481 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Accruing loans not past due | 222,078 | 232,865 | |
Nonaccrual | 3,193 | 3,193 | 606 |
Loans | 227,569 | 238,734 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Accruing loans past due | 2,172 | 5,013 | |
Nonaccrual | 454 | 265 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Accruing loans past due | 126 | 231 | |
Nonaccrual | 45 | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | 19 | ||
Nonaccrual | 2,559 | 230 | |
Commercial Portfolio Segment [Member] | |||
Accruing loans not past due | 69,653 | 65,538 | |
Nonaccrual | 40 | 40 | 174 |
Loans | 69,834 | 66,009 | |
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Accruing loans past due | 76 | 50 | |
Nonaccrual | |||
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Accruing loans past due | 65 | 247 | |
Nonaccrual | 39 | ||
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Nonaccrual | 135 | ||
Consumer Portfolio Segment [Member] | |||
Accruing loans not past due | 11,240 | 10,961 | |
Nonaccrual | 81 | 81 | 115 |
Loans | 11,398 | 11,272 | |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |||
Accruing loans past due | 75 | 160 | |
Nonaccrual | |||
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |||
Accruing loans past due | 2 | 36 | |
Nonaccrual | |||
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Nonaccrual | $ 81 | $ 115 |
Note 4 - Loans Receivable and_9
Note 4 - Loans Receivable and Related Allowance for Loan Losses - Nonaccrual Loans by Aging Category (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 |
Nonaccrual | $ 4,670 | $ 4,670 | $ 2,237 |
Residential Portfolio Segment [Member] | |||
Nonaccrual | 824 | 824 | 855 |
Home Equity Loans and Lines of Credit [Member] | |||
Nonaccrual | 532 | 532 | 487 |
Commercial Real Estate Portfolio Segment [Member] | |||
Nonaccrual | 3,193 | 3,193 | 606 |
Commercial Portfolio Segment [Member] | |||
Nonaccrual | 40 | 40 | 174 |
Consumer Portfolio Segment [Member] | |||
Nonaccrual | $ 81 | 81 | 115 |
Not Past Due [Member] | |||
Nonaccrual | 494 | 452 | |
Not Past Due [Member] | Residential Portfolio Segment [Member] | |||
Nonaccrual | 315 | 335 | |
Not Past Due [Member] | Home Equity Loans and Lines of Credit [Member] | |||
Nonaccrual | 4 | 6 | |
Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Nonaccrual | 135 | 111 | |
Not Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Nonaccrual | 40 | ||
Not Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Nonaccrual | |||
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Nonaccrual | 526 | 265 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Nonaccrual | 72 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Home Equity Loans and Lines of Credit [Member] | |||
Nonaccrual | |||
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Nonaccrual | 454 | 265 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Nonaccrual | |||
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Nonaccrual | |||
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Nonaccrual | 45 | 113 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Nonaccrual | 74 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Home Equity Loans and Lines of Credit [Member] | |||
Nonaccrual | |||
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Nonaccrual | 45 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Nonaccrual | 39 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Nonaccrual | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Nonaccrual | 3,605 | 1,407 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Nonaccrual | 437 | 446 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Home Equity Loans and Lines of Credit [Member] | |||
Nonaccrual | 528 | 481 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Nonaccrual | 2,559 | 230 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Nonaccrual | 135 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Nonaccrual | $ 81 | $ 115 |
Note 5 - Goodwill and Intangi_3
Note 5 - Goodwill and Intangible Assets (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2018USD ($) | |
Business Acquisition Number of Acquisitions Resulting in Goodwill | 5 | 5 | |||
Goodwill, Impairment Loss | $ 0 | $ 0 | |||
Business Acquisition, Number of Acquisitions Resulting in Intangible Assets | 3 | 3 | |||
Amortization of Intangible Assets, Total | $ 44,000 | $ 67,000 | $ 134,000 | $ 203,000 |
Note 5 - Goodwill and Intangi_4
Note 5 - Goodwill and Intangible Assets - Acquired Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Goodwill | $ 19,460 | $ 19,448 |
Core deposit intangibles, gross carring amount | 5,634 | 5,634 |
Core deposit intangibles, accumulated amortization | 4,345 | 4,211 |
Total, gross carring amount | $ 25,094 | $ 25,082 |
Note 6 - Stock Compensation P_3
Note 6 - Stock Compensation Plan (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Apr. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 176,866 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 0 | 0 | |||
Share-based Payment Arrangement, Expense | $ 90,000 | $ 37,000 | $ 271,000 | $ 187,000 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 513,000 | $ 513,000 | |||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 3 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | ||||
Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 37,783 | 37,783 | |||
Share-based Payment Arrangement, Option [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 88,433 | 88,433 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 10 years |
Note 6 - Stock Compensation P_4
Note 6 - Stock Compensation Plan - Summary of Nonvested Restricted Stock Awards (Details) - Restricted Stock [Member] | 9 Months Ended |
Sep. 30, 2019$ / sharesshares | |
Nonvested (in shares) | shares | 37,250 |
Granted (in shares) | shares | |
Vested (in shares) | shares | |
Forfeited (in shares) | shares | |
Nonvested (in shares) | shares | 37,250 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 29.94 |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | |
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares | |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 29.94 |
Note 7 - Fair Value (Details Te
Note 7 - Fair Value (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2018USD ($) | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales | $ 25,000 | ||||
Provision for Loan and Lease Losses, Total | $ (145,000) | 300,000 | $ 305,000 | 980,000 | |
Measurement Input, Discount Rate [Member] | |||||
Other Real Estate Owned, Measurement Input | 0.1 | 0.1 | |||
Fair Value, Nonrecurring [Member] | |||||
Other Real Estate, Ending Balance | $ 0 | 0 | $ 0 | 0 | $ 160,000 |
Other Real Estate, Disposals | 255,000 | $ 0 | 35,000 | 11,000 | 255,000 |
Other Real Estate, Gross Amount | 415,000 | ||||
Impaired Loans [Member] | |||||
Provision for Loan and Lease Losses, Total | 63,000 | $ 0 | |||
Real Estate Loan [Member] | |||||
Impaired Financing Receivable, Unpaid Principal Balance, Total | 68,000 | 68,000 | 61,000 | ||
Home Equity Loan [Member] | |||||
Impaired Financing Receivable, Unpaid Principal Balance, Total | 4,000 | 4,000 | 6,000 | ||
Market and Income Approach Valuation Technique [Member] | |||||
Impaired Financing Receivable, Recorded Investment, Total | $ 0 | $ 0 | $ 0 |
Note 7 - Fair Value - Assets Me
Note 7 - Fair Value - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Securities - available-for-sale | $ 117,899,000 | $ 97,718,000 |
Securities - equity investments | 23,000 | 7,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities - available-for-sale | 4,026,000 | 4,445,000 |
Securities - equity investments | 23,000 | 7,000 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities - available-for-sale | 110,373,000 | 89,773,000 |
Securities - equity investments | ||
Fair Value, Inputs, Level 3 [Member] | ||
Securities - available-for-sale | 3,500,000 | 3,500,000 |
Securities - equity investments | ||
US Treasury and Government [Member] | ||
Securities - available-for-sale | 4,026,000 | 4,445,000 |
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities - available-for-sale | 4,026,000 | 4,445,000 |
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities - available-for-sale | ||
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities - available-for-sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities - available-for-sale | 8,080,000 | 16,783,000 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities - available-for-sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities - available-for-sale | 8,080,000 | 16,783,000 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities - available-for-sale | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities - available-for-sale | 44,538,000 | 27,176,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities - available-for-sale | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities - available-for-sale | 44,538,000 | 27,176,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities - available-for-sale | ||
Collateralized Mortgage Obligations [Member] | ||
Securities - available-for-sale | 30,557,000 | 18,664,000 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities - available-for-sale | ||
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities - available-for-sale | 30,557,000 | 18,664,000 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities - available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Securities - available-for-sale | 20,910,000 | 22,732,000 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities - available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities - available-for-sale | 20,910,000 | 22,732,000 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities - available-for-sale | ||
Corporate Debt Securities [Member] | ||
Securities - available-for-sale | 9,788,000 | 7,918,000 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities - available-for-sale | ||
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities - available-for-sale | 6,288,000 | 4,418,000 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities - available-for-sale | $ 3,500,000 | $ 3,500,000 |
Note 7 - Fair Value - Changes i
Note 7 - Fair Value - Changes in Level 3 Assets Measured on a Recurring Basis (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Balance at the beginning of the period | $ 3,000,000 | $ 3,500,000 | $ 3,500,000 | $ 8,132,000 |
Included in earnings | 1,000 | |||
Included in other comprehensive income | ||||
Purchased into Level 3 | 500,000 | 500,000 | ||
Sold out of Level 3 | (25,000) | |||
Transfers in and/or out of Level 3 | (500,000) | (4,608,000) | ||
Balance at the end of the period | $ 3,500,000 | $ 3,500,000 | $ 3,500,000 | $ 3,500,000 |
Note 7 - Fair Value - Assets _2
Note 7 - Fair Value - Assets Measured at Fair Value on a Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 |
Other real estate owned | $ 0 | $ 160,000 | $ 0 |
Total | 160,000 | ||
Fair Value, Inputs, Level 1 [Member] | |||
Other real estate owned | |||
Total | |||
Fair Value, Inputs, Level 2 [Member] | |||
Other real estate owned | |||
Total | |||
Fair Value, Inputs, Level 3 [Member] | |||
Other real estate owned | 160,000 | ||
Total | $ 160,000 |
Note 7 - Fair Value - Schedule
Note 7 - Fair Value - Schedule of Quantitative Information About Level 3 Fair Value Measurements (Details) - Fair Value, Nonrecurring [Member] | Sep. 30, 2019USD ($) | Dec. 31, 2018USD ($) | Sep. 30, 2018USD ($) |
Other real estate owned | $ 0 | $ 160,000 | $ 0 |
Fair Value, Inputs, Level 3 [Member] | |||
Other real estate owned | $ 160,000 | ||
Fair Value, Inputs, Level 3 [Member] | Measurement Input, Comparability Adjustment [Member] | Weighted Average [Member] | |||
Other real estate owned, measurement input | 0.1 |
Note 7 - Fair Value - Carrying
Note 7 - Fair Value - Carrying Amount and Fair Value of Financial Instruments Included in the Consolidated Balance Sheet (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Securities available-for-sale, fair value | $ 117,899,000 | $ 97,718,000 |
Securities - equities | 23,000 | 7,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale, fair value | 4,026,000 | 4,445,000 |
Securities - equities | 23,000 | 7,000 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale, fair value | 110,373,000 | 89,773,000 |
Securities - equities | ||
Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale, fair value | 3,500,000 | 3,500,000 |
Securities - equities | ||
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 49,302,000 | 10,955,000 |
Interest earning time deposits | 10,198,000 | 6,738,000 |
Securities available-for-sale, fair value | 117,899,000 | 97,718,000 |
Securities - equities | 23,000 | 7,000 |
Loans held for sale | 154,000 | |
Loans, net | 688,357,000 | 708,664,000 |
Federal bank stock | 5,856,000 | 6,351,000 |
Accrued interest receivable | 2,754,000 | 2,570,000 |
Total | 874,542,000 | 833,003,000 |
Deposits | 808,025,000 | 761,546,000 |
Borrowed funds | 33,800,000 | 45,350,000 |
Accrued interest payable | 652,000 | 495,000 |
Total | 842,477,000 | 807,391,000 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 49,302,000 | 10,955,000 |
Interest earning time deposits | 10,198,000 | 6,738,000 |
Securities available-for-sale, fair value | 117,899,000 | 97,718,000 |
Securities - equities | 23,000 | 7,000 |
Loans held for sale | 154,000 | |
Loans, net | 682,392,000 | 702,747,000 |
Federal bank stock | ||
Accrued interest receivable | 2,754,000 | 2,570,000 |
Total | 862,722,000 | 820,735,000 |
Deposits | 814,778,000 | 767,009,000 |
Borrowed funds | 34,417,000 | 44,869,000 |
Accrued interest payable | 652,000 | 495,000 |
Total | 849,847,000 | 812,373,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 49,302,000 | 10,955,000 |
Interest earning time deposits | ||
Securities available-for-sale, fair value | 4,026,000 | 4,445,000 |
Securities - equities | 23,000 | 7,000 |
Loans held for sale | ||
Loans, net | ||
Federal bank stock | ||
Accrued interest receivable | 122,000 | 63,000 |
Total | 53,473,000 | 15,470,000 |
Deposits | 580,820,000 | 539,946,000 |
Borrowed funds | ||
Accrued interest payable | 50,000 | 30,000 |
Total | 580,870,000 | 539,976,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Interest earning time deposits | 10,198,000 | 6,738,000 |
Securities available-for-sale, fair value | 110,373,000 | 89,773,000 |
Securities - equities | ||
Loans held for sale | 154,000 | |
Loans, net | ||
Federal bank stock | ||
Accrued interest receivable | 442,000 | 351,000 |
Total | 121,167,000 | 96,862,000 |
Deposits | 233,958,000 | 227,063,000 |
Borrowed funds | 34,417,000 | 44,869,000 |
Accrued interest payable | 602,000 | 465,000 |
Total | 268,977,000 | 272,397,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Interest earning time deposits | ||
Securities available-for-sale, fair value | 3,500,000 | 3,500,000 |
Securities - equities | ||
Loans held for sale | ||
Loans, net | 682,392,000 | 702,747,000 |
Federal bank stock | ||
Accrued interest receivable | 2,190,000 | 2,156,000 |
Total | 688,082,000 | 708,403,000 |
Deposits | ||
Borrowed funds | ||
Accrued interest payable | ||
Total |
Note 8 - Regulatory Matters (De
Note 8 - Regulatory Matters (Details Textual) | Dec. 31, 2019 | Sep. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2015 |
Capital Conservation Buffer | 2.50% | 1.875% | 0.00% | |
Forecast [Member] | ||||
Capital Conservation Buffer | 2.50% |
Note 8 - Regulatory Matters - S
Note 8 - Regulatory Matters - Schedule of Regulatory Capital (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Total capital to risk-weighted assets, actual, amount | $ 79,681 | $ 76,344 |
Total capital to risk-weighted assets, actual, ratio | 13.78% | 12.93% |
Total capital to risk-weighted assets, for capital adequacy purposes, amount | $ 46,243 | $ 47,252 |
Total capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 8.00% |
Total capital to risk-weighted assets, to be well capitalized, amount | $ 57,804 | $ 59,065 |
Total capital to risk-weighted assets, to be well capitalized, ratio | 10.00% | 10.00% |
Tier 1 capital to risk-weighted assets, actual, amount | $ 73,172 | $ 69,836 |
Tier 1 capital to risk-weighted assets, actual, ratio | 12.66% | 11.82% |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes, amount | $ 34,682 | $ 35,439 |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes, ratio | 6.00% | 6.00% |
Tier 1 capital to risk-weighted assets, to be well capitalized, amount | $ 46,243 | $ 47,252 |
Tier 1 capital to risk-weighted assets, to be well capitalized, ratio | 8.00% | 8.00% |
Common equity tier 1 capital to risk-weighted assets, actual, amount | $ 73,172 | $ 69,836 |
Common equity tier 1 capital to risk weighted assets, actual, ratio | 12.66% | 11.82% |
Common equity tier 1 capital to risk-weighted assets, for capital adequacy purposes, amount | $ 26,012 | $ 26,579 |
Common equity tier 1 capital to risk weighted assets, for capital adequacy purposes, ratio | 4.50% | 4.50% |
Common equity tier 1 capital to risk-weighted assets, to. be well capitalized, amount | $ 37,573 | $ 38,393 |
Common equity tier 1 capital to risk weighted assets, to be well capitalized, ratio | 6.50% | 6.50% |
Tier 1 capital to average assets, actual, amount | $ 73,172 | $ 69,836 |
Tier 1 capital to average asset, actual, ratio | 8.13% | 7.95% |
Tier 1 capital to average assets, for capital adequacy purposes, amount | $ 35,990 | $ 35,126 |
Tier 1 capital to average asset, for capital adequacy purposes, ratio | 4.00% | 4.00% |
Tier 1 capital to average assets, to be well capitalized, amount | $ 44,987 | $ 43,908 |
Tier 1 capital to average asset, to be well capitalized, ratio | 5.00% | 5.00% |
Note 9 - Accumulated Other Co_3
Note 9 - Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Balance | $ 84,357 | $ 82,089 | $ 80,008 | $ 59,493 | $ 58,877 | $ 59,091 | $ 80,008 | $ 59,091 |
Net current period other comprehensive income (loss) | 97 | 911 | 873 | (444) | (236) | (1,015) | ||
Cumulative effect of change in accounting principle, net of tax | (181) | (181) | ||||||
Balance, as adjusted | 79,827 | 59,091 | 79,827 | 59,091 | ||||
Balance | 85,931 | 84,357 | 82,089 | 59,610 | 59,493 | 58,877 | 85,931 | 59,610 |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||||||||
Balance | 267 | (1,517) | (2,117) | (679) | (1,517) | (679) | ||
Other comprehensive income before reclassification | 130 | (446) | 1,915 | (1,702) | ||||
Amounts reclassified from accumulated other comprehensive income (loss) | (33) | 2 | (34) | 7 | ||||
Net current period other comprehensive income (loss) | 97 | (444) | 1,881 | (1,695) | ||||
Cumulative effect of change in accounting principle, net of tax | (187) | (187) | ||||||
Balance, as adjusted | (866) | (866) | ||||||
Balance | 364 | 267 | (2,561) | (2,117) | 364 | (2,561) | ||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||||||
Balance | (4,840) | (4,840) | (4,839) | (4,839) | (4,840) | (4,839) | ||
Other comprehensive income before reclassification | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | ||||||||
Net current period other comprehensive income (loss) | ||||||||
Cumulative effect of change in accounting principle, net of tax | ||||||||
Balance, as adjusted | (4,839) | (4,839) | ||||||
Balance | (4,840) | (4,840) | (4,839) | (4,839) | (4,840) | (4,839) | ||
AOCI Attributable to Parent [Member] | ||||||||
Balance | (4,573) | (5,484) | (6,357) | (6,956) | (6,720) | (5,518) | (6,357) | (5,518) |
Other comprehensive income before reclassification | 130 | (446) | 1,915 | (1,702) | ||||
Amounts reclassified from accumulated other comprehensive income (loss) | (33) | 2 | (34) | 7 | ||||
Net current period other comprehensive income (loss) | 97 | 911 | 873 | (444) | (236) | (1,015) | 1,881 | (1,695) |
Cumulative effect of change in accounting principle, net of tax | (187) | (187) | ||||||
Balance, as adjusted | (6,357) | (5,705) | (6,357) | (5,705) | ||||
Balance | $ (4,476) | $ (4,573) | $ (5,484) | $ (7,400) | $ (6,956) | $ (6,720) | $ (4,476) | $ (7,400) |
Note 9 - Accumulated Other Co_4
Note 9 - Accumulated Other Comprehensive Income (Loss) - Significant Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Provision for income taxes | $ 444 | $ 187 | $ 1,372 | $ 735 | ||||
Total reclassifications for the period | 2,168 | $ 2,140 | $ 2,082 | 1,161 | $ 1,413 | $ 1,362 | 6,391 | 3,935 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||||||
Provision for income taxes | 9 | 9 | (2) | |||||
Total reclassifications for the period | (33) | 2 | (34) | 7 | ||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||||||||
Unrealized gains and losses on available-for-sale securities | $ (42) | $ 2 | $ (43) | $ 9 |
Note 10 - Revenue Recognition -
Note 10 - Revenue Recognition - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | ||
Noninterest income (in-scope of Topic 606) | $ 914 | $ 855 | $ 2,701 | $ 2,399 | |
Noninterest income (out-of-scope of Topic 606)(1) | [1] | 295 | 207 | 695 | 610 |
Total noninterest income | 1,209 | 1,062 | 3,396 | 3,009 | |
Maintenance Fees [Member] | |||||
Noninterest income (in-scope of Topic 606) | 51 | 38 | 134 | 114 | |
Overdraft Fees [Member] | |||||
Noninterest income (in-scope of Topic 606) | 403 | 417 | 1,253 | 1,100 | |
Other Fees [Member] | |||||
Noninterest income (in-scope of Topic 606) | 76 | 73 | 235 | 214 | |
Electronic Banking Fees [Member] | |||||
Noninterest income (in-scope of Topic 606) | $ 384 | $ 327 | $ 1,079 | $ 971 | |
[1] | Noninterest income items that are out-of-scope include net realized gains (losses) on sales of securities, net gains (losses) on sales of loans, earnings on bank-owned life insurance and certain other noninterest income items. |
Note 11 - Leases (Details Textu
Note 11 - Leases (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Operating Lease, Weighted Average Remaining Lease Term | 13 years 51 days | 13 years 51 days | ||
Operating Lease, Weighted Average Discount Rate, Percent | 3.48% | 3.48% | ||
Operating Lease, Cost | $ 48,000 | $ 145,000 | ||
Operating Lease, Liability, Total | 1,745,000 | 1,745,000 | ||
Operating Leases, Rent Expense, Total | $ 50,000 | $ 150,000 | ||
Premises and Equipment [Member] | ||||
Operating Lease, Right-of-Use Asset | 1,500,000 | 1,500,000 | ||
Other Liabilities [Member] | ||||
Operating Lease, Liability, Total | $ 1,700,000 | $ 1,700,000 |
Note 11 - Leases - Estimated Re
Note 11 - Leases - Estimated Rental Commitments for Operating Leases (Details) $ in Thousands | Sep. 30, 2019USD ($) |
2019 (excluding nine months) | $ 53 |
2020 | 212 |
2021 | 217 |
2022 | 222 |
2023 | 222 |
Thereafter | 1,289 |
Total minimum lease payments | 2,215 |
Discount effect of cash flows | (470) |
Present value of lease liabilities | $ 1,745 |
Note 12 - Recent Accounting P_2
Note 12 - Recent Accounting Pronouncements (Continued) (Details Textual) - USD ($) | Jan. 01, 2019 | Sep. 30, 2019 |
Operating Lease, Liability, Total | $ 1,745,000 | |
Accounting Standards Update 2016-02 [Member] | ||
Operating Lease, Right-of-Use Asset | $ 1,600,000 | |
Operating Lease, Liability, Total | 1,800,000 | |
Cumulative Effect on Retained Earnings, Net of Tax, Total | 170,000 | |
Cumulative Effect on Retained Earnings, Tax | 45,000 | |
Accounting Standards Update 2017-08 [Member] | ||
Cumulative Effect on Retained Earnings, Net of Tax, Total | 10,000 | |
Cumulative Effect on Retained Earnings, Tax | $ 3,000 |