Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 26, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | HMN FINANCIAL INC | |
Entity Central Index Key | 921,183 | |
Trading Symbol | hmnf | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 4,824,413 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and cash equivalents | $ 48,076 | $ 37,564 |
Securities available for sale | 79,604 | 77,472 |
Loans held for sale | 2,109 | 1,837 |
Loans receivable, net | 586,092 | 585,931 |
Accrued interest receivable | 2,225 | 2,344 |
Real estate, net | 414 | 627 |
Federal Home Loan Bank stock, at cost | 867 | 817 |
Mortgage servicing rights, net | 1,845 | 1,724 |
Premises and equipment, net | 9,754 | 8,226 |
Goodwill | 802 | 802 |
Core deposit intangible | 280 | 355 |
Prepaid expenses and other assets | 1,418 | 1,314 |
Deferred tax asset, net | 3,959 | 3,672 |
Total assets | 737,445 | 722,685 |
Liabilities and Stockholders’ Equity | ||
Deposits | 651,429 | 635,601 |
Accrued interest payable | 279 | 146 |
Customer escrows | 2,187 | 1,147 |
Accrued expenses and other liabilities | 3,556 | 4,973 |
Total liabilities | 657,451 | 641,867 |
Commitments and contingencies | ||
Stockholders’ equity: | ||
Serial preferred stock ($.01 par value): authorized 500,000 shares; issued and outstanding shares 0 | 0 | 0 |
Common stock ($.01 par value): authorized 16,000,000; issued shares 9,128,662 | 91 | 91 |
Additional paid-in capital | 42,578 | 50,623 |
Retained earnings, subject to certain restrictions | 97,402 | 91,448 |
Accumulated other comprehensive loss | (1,697) | (957) |
Unearned employee stock ownership plan shares | (1,885) | (2,030) |
Treasury stock, at cost 4,519,222 and 4,631,124 shares | (56,495) | (58,357) |
Total stockholders’ equity | 79,994 | 80,818 |
Total liabilities and stockholders’ equity | 737,445 | 722,685 |
Collateralized Mortgage Backed Securities [Member] | ||
Assets | ||
Securities available for sale | 8,207 | 5,068 |
Other Debt Obligations [Member] | ||
Assets | ||
Securities available for sale | $ 71,397 | $ 72,404 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Securities available for sale, amortized cost | $ 81,960 | $ 78,801 |
Serial preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Serial preferred stock, authorized (in shares) | 500,000 | 500,000 |
Serial preferred stock, issued (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 16,000,000 | 16,000,000 |
Common stock, shares issued (in shares) | 9,128,662 | 9,128,662 |
Treasury stock, shares (in shares) | 4,519,222 | 4,631,124 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, amortized cost | $ 8,593 | $ 5,148 |
Other Debt Obligations [Member] | ||
Securities available for sale, amortized cost | $ 73,367 | $ 73,653 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest income: | ||||
Loans receivable | $ 7,441 | $ 6,930 | $ 21,225 | $ 19,991 |
Securities available for sale: | ||||
Mortgage-backed and related | 52 | 16 | 148 | 29 |
Other marketable | 285 | 270 | 842 | 821 |
Other | 192 | 39 | 369 | 72 |
Total interest income | 7,970 | 7,255 | 22,584 | 20,913 |
Interest expense: | ||||
Deposits | 587 | 413 | 1,581 | 1,035 |
Advances and other borrowings | 0 | 80 | 2 | 327 |
Total interest expense | 587 | 493 | 1,583 | 1,362 |
Net interest income | 7,383 | 6,762 | 21,001 | 19,551 |
Provision for loan losses | (652) | (581) | (482) | (582) |
Net interest income after provision for loan losses | 8,035 | 7,343 | 21,483 | 20,133 |
Non-interest income: | ||||
Gain on sales of loans | 489 | 521 | 1,612 | 1,528 |
Other | 234 | 241 | 792 | 744 |
Total non-interest income | 1,936 | 1,909 | 5,766 | 5,695 |
Non-interest expense: | ||||
Compensation and benefits | 3,574 | 3,642 | 11,076 | 11,366 |
Occupancy and equipment | 1,073 | 1,050 | 3,242 | 3,115 |
Data processing | 310 | 243 | 939 | 795 |
Professional services | 326 | 307 | 873 | 983 |
Other | 931 | 1,017 | 2,951 | 2,786 |
Total non-interest expense | 6,214 | 6,259 | 19,081 | 19,045 |
Income before income tax expense | 3,757 | 2,993 | 8,168 | 6,783 |
Income tax expense | 1,045 | 1,213 | 2,284 | 2,766 |
Net income | 2,712 | 1,780 | 5,884 | 4,017 |
Other comprehensive (loss) income, net of tax | (218) | (4) | (670) | 357 |
Comprehensive income available to common shareholders | $ 2,494 | $ 1,776 | $ 5,214 | $ 4,374 |
Basic earnings per share (in dollars per share) | $ 0.62 | $ 0.42 | $ 1.37 | $ 0.95 |
Diluted earnings per share (in dollars per share) | $ 0.59 | $ 0.37 | $ 1.24 | $ 0.83 |
Financial Service [Member] | ||||
Non-interest income: | ||||
Revenue from Contract with Customer | $ 870 | $ 848 | $ 2,421 | $ 2,517 |
Bank Servicing [Member] | ||||
Non-interest income: | ||||
Revenue from Contract with Customer | $ 343 | $ 299 | $ 941 | $ 906 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Equity (Unaudited) - 9 months ended Sep. 30, 2018 - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Unearned Employee Stock Ownership Plan Shares [Member] | Treasury Stock [Member] | Total |
Balance at Dec. 31, 2017 | $ 91 | $ 50,623 | $ 91,448 | $ (957) | $ (2,030) | $ (58,357) | $ 80,818 |
Net income | 5,884 | 5,884 | |||||
Amounts reclassified from accumulated other comprehensive loss | 70 | (70) | 0 | ||||
Other comprehensive loss | (670) | (670) | |||||
Stock warrants purchased | (6,453) | (6,453) | |||||
Exercise of stock warrants | (1,674) | 1,674 | 0 | ||||
Stock compensation expense | 13 | 13 | |||||
Restricted stock awards | (188) | 188 | 0 | ||||
Amortization of restricted stock awards | 104 | 104 | |||||
Earned employee stock ownership plan shares | 153 | 145 | 298 | ||||
Balance at Sep. 30, 2018 | $ 91 | $ 42,578 | $ 97,402 | $ (1,697) | $ (1,885) | $ (56,495) | $ 79,994 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities: | ||
Net income | $ 5,884 | $ 4,017 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Provision for loan losses | (482) | (582) |
Depreciation | 806 | 704 |
Amortization of (discounts) premiums, net | 20 | (1) |
Amortization of deferred loan fees | (254) | (192) |
Amortization of core deposit intangible | 500 | 500 |
Amortization of other purchased fair value adjustments | (63) | (74) |
Amortization of mortgage servicing rights | 412 | 411 |
Capitalized mortgage servicing rights | (533) | (461) |
Securities losses, net | 12 | 0 |
Gain on sale of premises and equipment | 0 | (8) |
Gain on sales of real estate | (80) | (72) |
Gain on sales of loans | (1,612) | (1,528) |
Proceeds from sales of loans held for sale | 68,590 | 63,449 |
Disbursements on loans held for sale | (59,079) | (54,551) |
Amortization of restricted stock awards | 104 | 109 |
Amortization of unearned Employee Stock Ownership Plan shares | 145 | 145 |
Earned Employee Stock Ownership Plan shares priced above original cost | 153 | 108 |
Stock option compensation expense | 13 | 31 |
Decrease in accrued interest receivable | 119 | 46 |
Increase (decrease) in accrued interest payable | 133 | (124) |
(Increase) decrease in other assets | (101) | 376 |
Increase (decrease) in other liabilities | (1,434) | 57 |
Other, net | (2) | 51 |
Net cash provided by operating activities | 12,826 | 11,986 |
Cash flows from investing activities: | ||
Principal collected on securities available for sale | 1,478 | 636 |
Proceeds collected on maturities of securities available for sale | 310 | 20,100 |
Purchases of securities available for sale | (4,888) | (20,035) |
Purchase of Federal Home Loan Bank stock | (322) | (3,999) |
Redemption of Federal Home Loan Bank stock | 272 | 3,952 |
Proceeds from sales of real estate | 367 | 309 |
Net increase in loans receivable | (7,614) | (39,044) |
Proceeds from sale of premises and equipment | 0 | 8 |
Purchases of premises and equipment | (2,333) | (772) |
Net cash used by investing activities | (12,730) | (38,845) |
Cash flows from financing activities: | ||
Increase in deposits | 15,829 | 36,165 |
Warrants purchased | (6,453) | 0 |
Stock awards withheld for tax withholding | 0 | (54) |
Proceeds from borrowings | 6,800 | 99,200 |
Repayment of borrowings | (6,800) | (106,200) |
Increase in customer escrows | 1,040 | 787 |
Net cash provided by financing activities | 10,416 | 29,898 |
Increase in cash and cash equivalents | 10,512 | 3,039 |
Cash and cash equivalents, beginning of period | 37,564 | 27,561 |
Cash and cash equivalents, end of period | 48,076 | 30,600 |
Supplemental cash flow disclosures: | ||
Cash paid for interest | 1,448 | 1,485 |
Cash paid for income taxes | 3,395 | 1,817 |
Supplemental noncash flow disclosures: | ||
Loans transferred to loans held for sale | 8,187 | 8,144 |
Loans held for sale transferred to loans | 0 | 164 |
Transfer of loans to real estate | 74 | 40 |
Core Deposits [Member] | ||
Adjustments to reconcile net income to cash provided by operating activities: | ||
Amortization of core deposit intangible | $ 75 | $ 75 |
Note 1 - HMN Financial, Inc.
Note 1 - HMN Financial, Inc. | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ( 1 HMN Financial, Inc. HMN Financial, Inc. (HMN or the Company) is a stock savings bank holding company that owns 100 two The consolidated financial statements included herein are for HMN, the Bank, OIA and HPH. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain amounts in the consolidated financial statements for the prior year have been reclassified to conform to the current year presentation. |
Note 2 - Basis of Preparation
Note 2 - Basis of Preparation | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | ( 2 Basis of Preparation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10 not nine September 30, 2018 not may |
Note 3 - New Accounting Standar
Note 3 - New Accounting Standards | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ( 3 New Accounting Standards In February 2016, 2016 02, Leases (Topic 842 Topic 842, Topic 840, may July 2018 2018 11. December 15, 2018, first 2019 not In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 not December 15, 2019, may December 15, 2018, first 2020 In March 2017, 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 not December 15, 2018 first 2019 not In August 2018, 2018 13, Fair Value Measurement (Topic 820 s ure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. Topic 820, 820. at a minimum an entity shall disclose at a minimum December 15, 2019. not first 2020 not |
Note 4 - Fair Value Measurement
Note 4 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | ( 4 ) Fair Value Measurements ASC 820, Fair Value Measurements, three Level 1 Level 2 not Level 3 not not The following table summarizes the assets and liabilities of the Company for which fair values are determined on a recurring basis as of September 30, 2018 December 31, 2017. Carrying value at September 30, 2018 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 79,604 0 79,604 0 Mortgage loan commitments 13 0 13 0 Total $ 79,617 0 79,617 0 Carrying value at December 31, 2017 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 77,472 0 77,472 0 Mortgage loan commitments 28 0 28 0 Total $ 77,500 0 77,500 0 There were no 1, 2, 3 three nine September 30, 2018. The Company may December 31, 2017 September 30, 2018, September 30, 2018 December 31, 2017. Carrying value at September 30, 2018 (Dollars in thousands) Total Level 1 Level 2 Level 3 Three months ended September 30, 2018 total losses Nine months ended September 30, 2018 total losses Loans held for sale $ 2,109 0 2,109 0 (46 ) (30 ) Mortgage servicing rights 1,845 0 1,845 0 0 0 Loans (1) 5,352 0 5,352 0 (252 ) (332 ) Real estate, net (2) 414 0 414 0 0 0 Total $ 9,720 0 9,720 0 (298 ) (362 ) Carrying value at December 31, 2017 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year ended December 31, 2017 total gains (losses) Loans held for sale $ 1,837 0 1,837 0 1 Mortgage servicing rights 1,724 0 1,724 0 0 Loans (1) 3,201 0 3,201 0 (413 ) Real estate, net (2) 627 0 627 0 0 Total $ 7,389 0 7,389 0 (412 ) ( 1 Represents the carrying value and related specific reserves on loans for which adjustments are based on the appraised value of the collateral. The carrying value of loans fully charged-off is zero ( 2 Represents the fair value and related losses of foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets. |
Note 5 - Fair Value of Financia
Note 5 - Fair Value of Financial Instruments | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Financial Instruments Disclosure [Text Block] | ( 5 ) Fair Value of Financial Instruments Generally accepted accounting principles require interim reporting period disclosure about the fair value of financial instruments, including assets, liabilities and off-balance sheet items for which it is practicable to estimate fair value. The fair value hierarchy level for each asset and liability, as defined in Note 4, September 30, 2018 December 31, 2017. no September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Fair value hierarchy Fair value hierarchy (Dollars in thousands) Carrying amount Estimated fair value Level 1 Level 2 Level 3 Contract amount Carrying amount Estimated fair value Level 1 Level 2 Level 3 Contract amount Financial assets: Cash and cash equivalents $ 48,076 48,076 48,076 37,564 37,564 37,564 Securities available for sale 79,604 79,604 79,604 77,472 77,472 77,472 Loans held for sale 2,109 2,109 2,109 1,837 1,837 1,837 Loans receivable, net 586,092 578,676 578,676 585,931 585,494 585,494 Federal Home Loan Bank stock 867 867 867 817 817 817 Accrued interest receivable 2,225 2,225 2,225 2,344 2,344 2,344 Financial liabilities: Deposits 651,429 645,417 645,417 635,601 635,905 635,905 Accrued interest payable 279 279 279 146 146 146 Off-balance sheet financial instruments: Commitments to extend credit 13 13 225,242 28 28 173,645 Commitments to sell loans 18 18 8,334 (11 ) (11 ) 5,629 Cash and Cash Equivalents The carrying amount of cash and cash equivalents approximates their fair value. Securities Available for Sale The fair values of securities were based upon quoted market prices for identical or similar instruments in active markets. Loans Held for Sale The fair values of loans held for sale were based upon quoted market prices for loans with similar interest rates and terms to maturity. Loans Receivable, net The fair value of the loan portfolio, with the exception of the adjustable rate portfolio, was calculated by discounting the scheduled cash flows through the estimated maturity using anticipated prepayment speeds and using discount rates that reflect the credit and interest rate risk inherent in each loan portfolio. The fair value of the adjustable loan portfolio was estimated by grouping the loans with similar characteristics and comparing the characteristics of each group to the prices quoted for similar types of loans in the secondary market. The fair value disclosures for both the fixed and adjustable rate portfolios were adjusted to reflect the exit price amount anticipated to be received from the sale of the portfolio in an open market transaction as required upon adoption of ASU 2016 01, Financial Instruments – Overall (Subtopic 825 10 first 2018. Federal Home Loan Bank Stock The carrying amount of Federal Home Loan Bank (FHLB) stock approximates its fair value. Accrued Interest Receivable The carrying amount of accrued interest receivable approximates its fair value since it is short-term in nature and does not Deposits The fair value of demand deposits, savings accounts and certain money market account deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value disclosures for all of the deposits were adjusted to reflect the exit price amount anticipated to be received from the sale of the deposits in an open market transaction as required upon adoption of ASU 2016 01, Financial Instruments – Overall (Subtopic 825 10 first 2018. Accrued Interest Payable The carrying amount of accrued interest payable approximates its fair value since it is short-term in nature. Commitments to Extend Credit The fair values of commitments to extend credit are estimated using the fees normally charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counter parties. Commitments to Sell Loans The fair values of commitments to sell loans are estimated using the quoted market prices for loans with similar interest rates and terms to maturity. |
Note 6 - Other Comprehensive In
Note 6 - Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | ( 6 ) Other Comprehensive Income (Loss) Other comprehensive income (loss) is defined as the change in equity during a period from transactions and other events from nonowner sources. Comprehensive income is the total of net income and other comprehensive income (loss), which for the Company is comprised of unrealized gains and losses on securities available for sale. The components of other comprehensive income (loss) and the related tax effects were as follows: For the three months ended September 30, (Dollars in thousands) 2018 2017 Securities available for sale: Before tax Tax effect Net of tax Before tax Tax effect Net of tax Net unrealized losses arising during the period $ (303 ) (85 ) (218 ) (7 ) (3 ) (4 ) Other comprehensive loss $ (303 ) (85 ) (218 ) (7 ) (3 ) (4 ) For the nine months ended September 30, (Dollars in thousands) 2018 2017 Securities available for sale: Before tax Tax effect Net of tax Before tax Tax effect Net of tax Net unrealized (losses) gains arising during the period $ (928 ) (258 ) (670 ) 593 236 357 Other comprehensive (loss) income $ (928 ) (258 ) (670 ) 593 236 357 |
Note 7 - Securities Available f
Note 7 - Securities Available for Sale | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ( 7 ) Securities Available For Sale The following table shows the gross unrealized losses and fair value for the securities available for sale portfolio, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2018 December 31, 2017. Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2018 Mortgage-backed securities: Federal National Mortgage Association (FNMA) 0 $ 0 0 2 $ 3,846 (250 ) $ 3,846 (250 ) Federal Home Loan Mortgage Corporation (FHLMC) 2 4,171 (123 ) 0 0 0 4,171 (123 ) Collateralized mortgage obligations: FNMA 0 0 0 1 190 (13 ) 190 (13 ) Other marketable securities: U.S. Government agency obligations 0 0 0 14 68,125 (1,844 ) 68,125 (1,844 ) Municipal obligations 12 2,058 (21 ) 0 0 0 2,058 (21 ) Corporate obligations 1 172 (1 ) 0 0 0 172 (1 ) Corporate preferred stock 0 0 0 1 595 (105 ) 595 (105 ) Total temporarily impaired securities 15 $ 6,401 (145 ) 18 $ 72,756 (2,212 ) $ 79,157 (2,357 ) Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2017 Mortgage-backed securities: FNMA 2 $ 4,703 (78 ) 0 $ 0 0 $ 4,703 (78 ) Collateralized mortgage obligations: FNMA 1 218 (5 ) 0 0 0 218 (5 ) Other marketable securities: U.S. Government agency obligations 2 9,819 (163 ) 12 58,942 (1,038 ) 68,761 (1,201 ) Municipal obligations 14 2,268 (8 ) 0 0 0 2,268 (8 ) Corporate obligations 1 233 (1 ) 0 0 0 233 (1 ) Corporate preferred stock 0 0 0 1 560 (140 ) 560 (140 ) Total temporarily impaired securities 20 $ 17,241 (255 ) 13 $ 59,502 (1,178 ) $ 76,743 (1,433 ) We review our investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the market liquidity for the investment, the financial condition and near-term prospects of the issuer, including any specific events which may The unrealized losses on impaired securities other than the corporate preferred stock are the result of changes in interest rates. The unrealized losses reported for the corporate preferred stock at September 30, 2018 September 30, 2018 not September 30, 2018. not may A summary of securities available for sale at September 30, 2018 December 31, 2017 (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value September 30, 2018: Mortgage-backed securities: FNMA $ 4,096 0 (250 ) 3,846 FHLMC 4,294 0 (123 ) 4,171 Collateralized mortgage obligations: FNMA 203 0 (13 ) 190 8,593 0 (386 ) 8,207 Other marketable securities: U.S. Government agency obligations 69,969 0 (1,844 ) 68,125 Municipal obligations 2,381 1 (21 ) 2,361 Corporate debt 173 0 (1 ) 172 Corporate preferred stock 700 0 (105 ) 595 Corporate equity 144 0 0 144 73,367 1 (1,971 ) 71,397 $ 81,960 1 (2,357 ) 79,604 (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value December 31, 2017 Mortgage-backed securities: FNMA $ 4,834 1 (78 ) 4,757 FHLMC 91 2 0 93 Collateralized mortgage obligations: FNMA 223 0 (5 ) 218 5,148 3 (83 ) 5,068 Other marketable securities: U.S. Government agency obligations 69,962 0 (1,201 ) 68,761 Municipal obligations 2,699 2 (8 ) 2,693 Corporate obligations 234 0 (1 ) 233 Corporate preferred stock 700 0 (140 ) 560 Corporate equity 58 99 0 157 73,653 101 (1,350 ) 72,404 $ 78,801 104 (1,433 ) 77,472 The following table indicates amortized cost and estimated fair value of securities available for sale at September 30, 2018 (Dollars in thousands) Amortized Cost Fair Value Due less than one year $ 1,844 1,777 Due after one year through five years 76,425 74,370 Due after five years through ten years 2,767 2,643 Due after ten years 780 670 No stated maturity 144 144 Total $ 81,960 79,604 The allocation of mortgage-backed securities in the table above is based upon the anticipated future cash flow of the securities using estimated mortgage prepayment speeds. The allocation of other marketable securities that have call features is based on the anticipated cash flows to the call date if it is anticipated that the security will be called, or to the maturity date if it is not |
Note 8 - Loans Receivable, Net
Note 8 - Loans Receivable, Net | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ( 8 ) Loans Receivable, Net A summary of loans receivable at September 30, 2018 December 31, 2017 (Dollars in thousands) September 30, 2018 December 31, 2017 Single family $ 108,493 107,005 Commercial real estate: Real estate rental and leasing 187,373 175,177 Other 145,130 158,940 332,503 334,117 Consumer 74,521 73,767 Commercial business 78,882 79,909 Total loans 594,399 594,798 Less: Unamortized discounts 18 19 Net deferred loan costs (543 ) (463 ) Allowance for loan losses 8,832 9,311 Total loans receivable, net $ 586,092 585,931 |
Note 9 - Allowance for Loan Los
Note 9 - Allowance for Loan Losses and Credit Quality Information | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Allowance For Loan Losses And Credit Quality Information [Text Block] | ( 9 ) Allowance for Loan Losses and Credit Quality Information The allowance for loan losses is summarized as follows: (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total For the three months ended September 30, 2018: Balance, June 30, 2018 $ 881 5,242 1,623 1,582 9,328 Provision for losses (10 ) (287 ) 61 (416 ) (652 ) Charge-offs 0 0 (16 ) (15 ) (31 ) Recoveries 0 0 5 182 187 Balance, September 30, 2018 $ 871 4,955 1,673 1,333 8,832 For the nine months ended September 30, 201 8 : Balance, December 31, 2017 $ 900 5,073 1,630 1,708 9,311 Provision for losses (6 ) (316 ) 169 (329 ) (482 ) Charge-offs (24 ) 0 (141 ) (270 ) (435 ) Recoveries 1 198 15 224 438 Balance, September 30, 2018 $ 871 4,955 1,673 1,333 8,832 Allocated to: Specific reserves $ 192 441 263 177 1,073 General reserves 708 4,632 1,367 1,531 8,238 Balance, December 31, 2017 $ 900 5,073 1,630 1,708 9,311 Allocated to: Specific reserves $ 104 688 187 82 1,061 General reserves 767 4,267 1,486 1,251 7,771 Balance, September 30, 2018 $ 871 4,955 1,673 1,333 8,832 Loans receivable at December 31, 201 7 : Individually reviewed for impairment $ 1,523 1,364 880 507 4,274 Collectively reviewed for impairment 105,482 332,753 72,887 79,402 590,524 Ending balance $ 107,005 334,117 73,767 79,909 594,798 Loans receivable at September 30, 201 8 : Individually reviewed for impairment $ 1,407 3,689 946 371 6,413 Collectively reviewed for impairment 107,086 328,814 73,575 78,511 587,986 Ending balance $ 108,493 332,503 74,521 78,882 594,399 (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total For the three months ended September 30, 2017: Balance, June 30, 2017 $ 1,004 5,490 1,544 2,007 10,045 Provision for losses (63 ) (509 ) 141 (150 ) (581 ) Charge-offs (6 ) 0 (45 ) (300 ) (351 ) Recoveries 0 32 6 126 164 Balance, September 30, 2017 $ 935 5,013 1,646 1,683 9,277 For the nine months ended September 30, 2017: Balance, December 31, 2016 $ 1,186 4,953 1,613 2,151 9,903 Provision for losses (245 ) (147 ) 257 (447 ) (582 ) Charge-offs (6 ) 0 (263 ) (300 ) (569 ) Recoveries 0 207 39 279 525 Balance, September 30, 2017 $ 935 5,013 1,646 1,683 9,277 The following table summarizes the amount of classified and unclassified loans at September 30, 2018 December 31, 2017: September 30, 2018 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 257 2,119 42 0 2,418 106,075 108,493 Commercial real estate: Real estate rental and leasing 5,312 4,881 0 0 10,193 177,180 187,373 Other 2,896 7,535 0 0 10,431 134,699 145,130 Consumer 0 765 42 128 935 73,586 74,521 Commercial business 5,744 2,834 0 0 8,578 70,304 78,882 $ 14,209 18,134 84 128 32,555 561,844 594,399 December 31, 2017 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 77 2,154 44 0 2,275 104,730 107,005 Commercial real estate: Real estate rental and leasing 5,022 3,813 0 0 8,835 166,342 175,177 Other 9,135 4,257 0 0 13,392 145,548 158,940 Consumer 0 631 119 130 880 72,887 73,767 Commercial business 5,781 5,506 0 0 11,287 68,622 79,909 $ 20,015 16,361 163 130 36,669 558,129 594,798 Classified loans represent special mention, substandard (performing and non-performing), and non-performing loans categorized as doubtful and loss. Loans classified as special mention are loans that have potential weaknesses that, if left uncorrected, may not may not The aging of past due loans at September 30, 2018 December 31, 2017 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Loans Total Loans Loans 90 Days or More Past Due and Still Accruing September 30, 2018 Single family $ 897 0 222 1,119 107,374 108,493 0 Commercial real estate: Real estate rental and leasing 0 0 210 210 187,163 187,373 0 Other 0 2,227 0 2,227 142,903 145,130 0 Consumer 324 115 335 774 73,747 74,521 0 Commercial business 30 24 33 87 78,795 78,882 $ 1,251 2,366 800 4,417 589,982 594,399 0 December 31, 201 7 Single family $ 727 294 669 1,690 105,315 107,005 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 175,177 175,177 0 Other 0 0 0 0 158,940 158,940 0 Consumer 734 117 235 1,086 72,681 73,767 0 Commercial business 34 0 180 214 79,695 79,909 0 $ 1,495 411 1,084 2,990 591,808 594,798 0 Impaired loans include loans that are non-performing (non-accruing) and loans that have been modified in a troubled debt restructuring (TDR). The following table summarizes impaired loans and related allowances as of September 30, 2018 December 31, 2017: September 30, 2018 December 31, 2017 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Loans with no related allowance recorded: Single family $ 605 605 0 415 415 0 Commercial real estate: Real estate rental and leasing 33 33 0 35 51 0 Other 25 1,681 0 25 1,682 0 Consumer 608 608 0 414 414 0 Loans with an allowance recorded: Single family 802 802 104 1,108 1,108 192 Commercial real estate: Real estate rental and leasing 210 210 22 0 0 0 Other 3,421 3,421 666 1,304 1,304 441 Consumer 338 355 187 466 483 263 Commercial business 371 922 82 507 1,358 177 Total: Single family 1,407 1,407 104 1,523 1,523 192 Commercial real estate: Real estate rental and leasing 243 243 22 35 51 0 Other 3,446 5,102 666 1,329 2,986 441 Consumer 946 963 187 880 897 263 Commercial business 371 922 82 507 1,358 177 $ 6,413 8,637 1,061 4,274 6,815 1,073 The following tables summarize average recorded investment and interest income recognized on impaired loans during the three nine September 30, 2018 2017. For the three months ended September 30, 2018 For the nine months ended September 30, 2018 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 511 6 467 18 Commercial real estate: Real estate rental and leasing 34 15 34 30 Other 95 29 95 77 Consumer 608 4 508 14 Loans with an allowance recorded: Single family 840 0 882 0 Commercial real estate: Real estate rental and leasing 105 1 53 7 Other 2,327 0 1,821 57 Consumer 358 4 409 9 Commercial business 318 3 406 12 Total: Single family 1,351 6 1,349 18 Commercial real estate: Real estate rental and leasing 139 16 87 37 Other 2,422 29 1,916 134 Consumer 966 8 917 23 Commercial business 318 3 406 12 $ 5,196 62 4,675 224 For the three months ended September 30, 2017 For the nine months ended September 30, 2017 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 453 1 414 3 Commercial real estate: Real estate rental and leasing 38 0 39 0 Other 26 24 26 72 Consumer 500 5 404 9 Commercial business 0 0 125 0 Loans with an allowance recorded: Single family 765 8 821 11 Commercial real estate: Real estate rental and leasing 258 0 194 0 Other 1,838 16 1,818 23 Consumer 375 4 455 8 Commercial business 496 6 428 19 Total: Single family 1,218 9 1,235 14 Commercial real estate: Real estate rental and leasing 296 0 233 0 Other 1,864 40 1,844 95 Consumer 875 9 859 17 Commercial business 496 6 553 19 $ 4,749 64 4,724 145 At September 30, 2018 December 31, 2017, $5.5 $3.1 $0.9 $0.9 no $0.7 $0.4 September 30, 2018 December 31, 2017, The non-accrual loans at September 30, 2018 December 31, 2017 (Dollars in thousands) September 30, 2018 December 31, 2017 Single family $ 1,073 949 Commercial real estate: 243 35 Real estate rental and leasing Other 3,446 1,329 Consumer 526 553 Commercial business 197 278 $ 5,485 3,144 At September 30, 2018 December 31, 2017 $2.4 $3.0 third 2018 not third 2017, $34,000 $0.2 September 30, 2017. The following table summarizes TDRs at September 30, 2018 December 31, 2017: September 30, 2018 December 31, 2017 (Dollars in thousands) Accrual Non-Accrual Total Accrual Non-Accrual Total Single family $ 334 144 478 574 111 685 Commercial real estate 0 1,146 1,146 0 1,210 1,210 Consumer 420 173 593 327 431 758 Commercial business 174 58 232 229 162 391 $ 928 1,521 2,449 1,130 1,914 3,044 As of September 30, 2018, $1.0 75%. December 31, 2017, $0.8 TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal and/or interest due, or acceptance of real estate or other assets in full or partial satisfaction of the debt. Loan modifications are not 12 12 When a loan is modified as a TDR, there may may three nine September 30, 2018 2017. Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 (Dollars in thousands) Number of Contracts Pre-modification Outstanding Recorded Investment Post-modification Outstanding Recorded Investment Number of Contracts Pre-modification Outstanding Recorded Investment Post-modification Outstanding Recorded Investment Troubled debt restructurings: Single family 0 $ 0 0 1 $ 55 58 Commercial real estate: Real estate rental and leasing 0 0 0 1 54 54 Other 0 0 0 2 1,518 1,518 Consumer 2 2 2 10 335 336 Commercial business 0 0 0 1 70 70 Total 2 $ 2 2 15 $ 2,032 2,036 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 (Dollars in thousands) Number of Contracts Pre-modification Outstanding Recorded Investment Post-modification Outstanding Recorded Investment Number of Contracts Pre-modification Outstanding Recorded Investment Post-modification Outstanding Recorded Investment Troubled debt restructurings: Single family 0 $ 0 0 3 $ 282 514 Consumer 6 104 105 13 462 465 Commercial business 1 416 116 1 416 116 Total 7 $ 520 221 17 $ 1,160 1,095 There were no 12 September 30, 2018 three nine September 30, 2018. 12 September 30, 2017 nine September 30, 2017. no three September 30, 2017. Nine Months Ended September 30, 2017 (Dollars in thousands) Number of Contracts Outstanding Recorded Investment Troubled debt restructurings that subsequently defaulted: Single Family 2 $ 60 Total 2 $ 60 The Company considers a loan to have defaulted when it becomes 90 six six may TDRs are reviewed for impairment following the same methodology as other impaired loans. For loans that are collateral-dependent, the value of the collateral is reviewed and additional reserves may not may $0.6 7.2%, $8.8 September 30, 2018 $0.9 9.8%, $9.3 December 31, 2017. The following is additional information with respect to loans acquired through acquisitions: (Dollars in thousands) Contractual Principal Receivable Accretable Difference Carrying Amount Purchased performing loans: Balance at June 30, 2018 $ 8,556 (206 ) 8,350 Change due to payments/refinances (538 ) 15 (523 ) Balance at September 30, 2018 $ 8,018 (191 ) 7,827 (Dollars in thousands) Contractual Principal Receivable Non-Accretable Difference Carrying Amount Purchased credit impaired loans: Balance at June 30, 2018 $ 396 (36 ) 360 Change due to payments/refinances (210 ) 29 (181 ) Balance at September 30, 2018 $ 186 (7 ) 179 As a result of acquisitions, the Company has loans for which there was, at acquisition, evidence of deterioration of credit quality since origination and for which it was probable at acquisition that all contractually required payments would not September 30, 2018 $0.2 No September 30, 2018 no |
Note 10 - Intangible Assets
Note 10 - Intangible Assets | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | ( 1 0 ) Intangible Assets The Company’s intangible assets consist of mortgage servicing rights, core deposit intangibles, and goodwill. A summary of mortgage servicing activity is as follows: (Dollars in thousands) Nine Months ended September 30, 2018 Twelve Months ended December 31, 2017 Nine Months ended September 30, 2017 Balance, beginning of period $ 1,724 1,604 1,604 Originations 533 675 461 Amortization (412 ) (555 ) (411 ) Balance, end of period $ 1,845 1,724 1,654 Fair value of mortgage servicing rights $ 3,641 3,196 3,003 All of the loans being serviced were single family loans serviced for FNMA under the individual loan sale program. The following is a summary of the risk characteristics of the loans being serviced for FNMA at September 30, 2018. Weighted Weighted Loan Average Average Principal Interest Remaining Number (Dollars in thousands) Balance Rate Term (months) of Loans Original term 30 year fixed rate $ 292,980 4.13 % 307 2,252 Original term 15 year fixed rate 98,179 3.16 132 991 Adjustable rate 54 4.38 272 2 The gross carrying amount of intangible assets and the associated accumulated amortization at September 30, 2018 2017 No not may $0.5 nine September 30, 2018 2017. September 30, 2018 Gross (Dollars in thousands) Carrying Amount Accumulated Amortization Unamortized Amount Mortgage servicing rights $ 4,457 (2,612 ) 1,845 Core deposit intangible 574 (294 ) 280 Goodwill 802 0 802 Total $ 5,833 (2,906 ) 2,927 September 30, 2017 Gross (Dollars in thousands) Carrying Amount Accumulated Amortization Unamortized Amount Mortgage servicing rights $ 4,141 (2,487 ) 1,654 Core deposit intangible 574 (195 ) 379 Goodwill 802 0 802 Total $ 5,517 (2,682 ) 2,835 The following table indicates the estimated future amortization expense for amortizing intangible assets: (Dollars in thousands) Mortgage Core Deposit Total Amortizing Intangible Assets Year ended December 31, 2018 $ 122 25 147 2019 445 99 544 2020 371 99 470 2021 326 47 373 2022 265 10 275 Thereafter 316 0 316 Total $ 1,845 280 2,125 Projections of amortization are based on existing asset balances and the existing interest rate environment as of September 30, 2018. may |
Note 11 - Earnings Per Common S
Note 11 - Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 1 1 ) Earnings per Common S hare The following table reconciles the weighted average shares outstanding and the earnings available to common shareholders used for basic and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2018 2017 2018 2017 Weighted average number of common shares outstanding used in basic earnings per share calculation 4,358 4,220 4,296 4,212 Net dilutive effect of: Restricted stock awards, options, and warrants 252 650 458 651 Weighted average number of shares outstanding adjusted for effect of dilutive securities 4,610 4,870 4,754 4,863 Income available to common shareholders $ 2,712 1,780 5,884 4,017 Basic earnings per common share $ 0.62 0.42 1.37 0.95 Diluted earnings per common share $ 0.59 0.37 1.24 0.83 |
Note 12 - Regulatory Capital an
Note 12 - Regulatory Capital and Oversight | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | ( 1 2 ) Regulatory Capital and Oversight The Company and the Bank are subject to the regulatory requirements of the Basel III capital reforms. The Basel III requirements, among other things, (i) apply a strengthened set of capital requirements to the Bank (the Company is exempt, pursuant to the Small Bank Holding Company Policy Statement (Policy Statement) described below), including requirements relating to common equity as a component of core capital, (ii) implement a “capital conservation buffer” against risk and a higher minimum Tier 1 January 1, 2019. The Board of Governors of the Federal Reserve System (FRB) amended its Policy Statement, to exempt small bank holding companies with assets less than $3 Quantitative measures established by regulations to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table and defined in the regulation) of common equity Tier 1 1 1 The Bank’s average total assets for the quarter ended September 30, 2018 $733.0 $731.3 $606.0 September 30, 2018 Actual Required to be Adequately Capitalized Excess Capital To Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Percent of Assets Amount Percent of Assets Amount Percent of Assets Amount Percent of Assets September 30, 2018 Common equity tier 1 capital $ 76,689 12.65 % $ 27,272 4.50 % $ 49,417 8.15 % $ 39,393 6.50 % Tier 1 capital leverage 76,689 10.49 29,252 4.00 47,437 6.49 36,564 5.00 Tier 1 risk-based capital 76,689 12.65 36,362 6.00 40,327 6.65 48,483 8.00 Total risk-based capital 84,280 13.91 48,483 8.00 35,797 5.91 60,604 10.00 The Bank must maintain a capital conservation buffer composed of common equity Tier 1 2018, 1.875% 2019 2.50% September 30, 2018, no |
Note 13 - Stockholders' Equity
Note 13 - Stockholders' Equity | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | ( 1 3 ) Stockholders’ Equity The Company's certificate of incorporation authorizes the issuance of up to 500,000 December 23, 2008, 26,000 $1,000 833,333 $4.68 2008. On February 17, 2015, 10,000 May 21, 2015, $4.68 three third $5.7 On May 21, 2018, one $14.32 138,888.66 $2.0 104,678 On August 29, 2018, second $16.07 277,777.67 $4.5 On October 2, 2018, 214,973 As a result of the above transactions, the Company no |
Note 14 - Other Borrowings
Note 14 - Other Borrowings | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | ( 14 ) Other Borrowings On December 15, 2014, third $10.0 6.50% $1.0 December 15, 2015, December 15, 2021. $1.0 December 15, 2015, $2.0 December 15, 2016, August 31, 2017 $7.0 no September 30, 2018 September 30, 2017. |
Note 15 - Commitments and Conti
Note 15 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | ( 1 5 ) Commitments and Contingencies The Bank issues standby letters of credit which guarantee the performance of customers to third September 30, 2018 $2.7 46 may not |
Note 16 - Business Segments
Note 16 - Business Segments | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | ( 16 Business Segments The Bank has been identified as a reportable operating segment in accordance with the provisions of ASC 280. not The Company evaluates performance and allocates resources based on the segment’s net income, return on average assets and equity. Each corporation is managed separately with its own officers and board of directors, some of whom may The following table sets forth certain information about the reconciliation of reported profit and assets for each of the Company’s reportable segments. (Dollars in thousands) Home Federal Savings Bank Other Eliminations Consolidated At or for the nine months ended September 30, 2018: Interest income - external customers $ 22,584 0 0 22,584 Non-interest income - external customers 5,766 0 0 5,766 Intersegment non-interest income 164 6,328 (6,492 ) 0 Interest expense 1,583 0 0 1,583 Non-interest expense 18,703 542 (164 ) 19,081 Income tax expense 2,382 (98 ) 0 2,284 Net income 6,328 5,884 (6,328 ) 5,884 Total assets 737,289 79,228 (79,072 ) 737,445 At or for the nine months ended September 30, 2017: Interest income - external customers $ 20,913 0 0 20,913 Non-interest income - external customers 5,695 0 0 5,695 Intersegment non-interest income 158 4,596 (4,754 ) 0 Interest expense 1,056 306 0 1,362 Non-interest expense 18,653 550 (158 ) 19,045 Income tax expense 3,043 (277 ) 0 2,766 Net income 4,596 4,017 (4,596 ) 4,017 Total assets 715,827 79,516 (78,733 ) 716,610 At or for the quarter ended September 30, 2018: Interest income - external customers $ 7,970 0 0 7,970 Non-interest income - external customers 1,936 0 0 1,936 Intersegment non-interest income 59 2,864 (2,923 ) 0 Interest expense 587 0 0 587 Non-interest expense 6,087 186 (59 ) 6,214 Income tax expense 1,079 (34 ) 0 1,045 Net income 2,864 2,712 (2,864 ) 2,712 Total assets 737,289 79,228 (79,072 ) 737,445 At or for the quarter ended September 30, 2017: Interest income - external customers $ 7,255 0 0 7,255 Non-interest income - external customers 1,909 0 0 1,909 Intersegment non-interest income 53 1,960 (2,013 ) 0 Interest expense 416 77 0 493 Non-interest expense 6,124 188 (53 ) 6,259 Income tax expense 1,298 (85 ) 0 1,213 Net income 1,960 1,780 (1,960 ) 1,780 Total assets 715,827 79,516 (78,733 ) 716,610 |
Note 4 - Fair Value Measureme_2
Note 4 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Carrying value at September 30, 2018 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 79,604 0 79,604 0 Mortgage loan commitments 13 0 13 0 Total $ 79,617 0 79,617 0 Carrying value at December 31, 2017 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 77,472 0 77,472 0 Mortgage loan commitments 28 0 28 0 Total $ 77,500 0 77,500 0 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Carrying value at September 30, 2018 (Dollars in thousands) Total Level 1 Level 2 Level 3 Three months ended September 30, 2018 total losses Nine months ended September 30, 2018 total losses Loans held for sale $ 2,109 0 2,109 0 (46 ) (30 ) Mortgage servicing rights 1,845 0 1,845 0 0 0 Loans (1) 5,352 0 5,352 0 (252 ) (332 ) Real estate, net (2) 414 0 414 0 0 0 Total $ 9,720 0 9,720 0 (298 ) (362 ) Carrying value at December 31, 2017 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year ended December 31, 2017 total gains (losses) Loans held for sale $ 1,837 0 1,837 0 1 Mortgage servicing rights 1,724 0 1,724 0 0 Loans (1) 3,201 0 3,201 0 (413 ) Real estate, net (2) 627 0 627 0 0 Total $ 7,389 0 7,389 0 (412 ) |
Note 5 - Fair Value of Financ_2
Note 5 - Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2018 December 31, 2017 Fair value hierarchy Fair value hierarchy (Dollars in thousands) Carrying amount Estimated fair value Level 1 Level 2 Level 3 Contract amount Carrying amount Estimated fair value Level 1 Level 2 Level 3 Contract amount Financial assets: Cash and cash equivalents $ 48,076 48,076 48,076 37,564 37,564 37,564 Securities available for sale 79,604 79,604 79,604 77,472 77,472 77,472 Loans held for sale 2,109 2,109 2,109 1,837 1,837 1,837 Loans receivable, net 586,092 578,676 578,676 585,931 585,494 585,494 Federal Home Loan Bank stock 867 867 867 817 817 817 Accrued interest receivable 2,225 2,225 2,225 2,344 2,344 2,344 Financial liabilities: Deposits 651,429 645,417 645,417 635,601 635,905 635,905 Accrued interest payable 279 279 279 146 146 146 Off-balance sheet financial instruments: Commitments to extend credit 13 13 225,242 28 28 173,645 Commitments to sell loans 18 18 8,334 (11 ) (11 ) 5,629 |
Note 6 - Other Comprehensive _2
Note 6 - Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Comprehensive Income (Loss) [Table Text Block] | For the three months ended September 30, (Dollars in thousands) 2018 2017 Securities available for sale: Before tax Tax effect Net of tax Before tax Tax effect Net of tax Net unrealized losses arising during the period $ (303 ) (85 ) (218 ) (7 ) (3 ) (4 ) Other comprehensive loss $ (303 ) (85 ) (218 ) (7 ) (3 ) (4 ) For the nine months ended September 30, (Dollars in thousands) 2018 2017 Securities available for sale: Before tax Tax effect Net of tax Before tax Tax effect Net of tax Net unrealized (losses) gains arising during the period $ (928 ) (258 ) (670 ) 593 236 357 Other comprehensive (loss) income $ (928 ) (258 ) (670 ) 593 236 357 |
Note 7 - Securities Available_2
Note 7 - Securities Available for Sale (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2018 Mortgage-backed securities: Federal National Mortgage Association (FNMA) 0 $ 0 0 2 $ 3,846 (250 ) $ 3,846 (250 ) Federal Home Loan Mortgage Corporation (FHLMC) 2 4,171 (123 ) 0 0 0 4,171 (123 ) Collateralized mortgage obligations: FNMA 0 0 0 1 190 (13 ) 190 (13 ) Other marketable securities: U.S. Government agency obligations 0 0 0 14 68,125 (1,844 ) 68,125 (1,844 ) Municipal obligations 12 2,058 (21 ) 0 0 0 2,058 (21 ) Corporate obligations 1 172 (1 ) 0 0 0 172 (1 ) Corporate preferred stock 0 0 0 1 595 (105 ) 595 (105 ) Total temporarily impaired securities 15 $ 6,401 (145 ) 18 $ 72,756 (2,212 ) $ 79,157 (2,357 ) Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2017 Mortgage-backed securities: FNMA 2 $ 4,703 (78 ) 0 $ 0 0 $ 4,703 (78 ) Collateralized mortgage obligations: FNMA 1 218 (5 ) 0 0 0 218 (5 ) Other marketable securities: U.S. Government agency obligations 2 9,819 (163 ) 12 58,942 (1,038 ) 68,761 (1,201 ) Municipal obligations 14 2,268 (8 ) 0 0 0 2,268 (8 ) Corporate obligations 1 233 (1 ) 0 0 0 233 (1 ) Corporate preferred stock 0 0 0 1 560 (140 ) 560 (140 ) Total temporarily impaired securities 20 $ 17,241 (255 ) 13 $ 59,502 (1,178 ) $ 76,743 (1,433 ) |
Available-for-sale Securities [Table Text Block] | (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value September 30, 2018: Mortgage-backed securities: FNMA $ 4,096 0 (250 ) 3,846 FHLMC 4,294 0 (123 ) 4,171 Collateralized mortgage obligations: FNMA 203 0 (13 ) 190 8,593 0 (386 ) 8,207 Other marketable securities: U.S. Government agency obligations 69,969 0 (1,844 ) 68,125 Municipal obligations 2,381 1 (21 ) 2,361 Corporate debt 173 0 (1 ) 172 Corporate preferred stock 700 0 (105 ) 595 Corporate equity 144 0 0 144 73,367 1 (1,971 ) 71,397 $ 81,960 1 (2,357 ) 79,604 (Dollars in thousands) Amortized cost Gross unrealized gains Gross unrealized losses Fair value December 31, 2017 Mortgage-backed securities: FNMA $ 4,834 1 (78 ) 4,757 FHLMC 91 2 0 93 Collateralized mortgage obligations: FNMA 223 0 (5 ) 218 5,148 3 (83 ) 5,068 Other marketable securities: U.S. Government agency obligations 69,962 0 (1,201 ) 68,761 Municipal obligations 2,699 2 (8 ) 2,693 Corporate obligations 234 0 (1 ) 233 Corporate preferred stock 700 0 (140 ) 560 Corporate equity 58 99 0 157 73,653 101 (1,350 ) 72,404 $ 78,801 104 (1,433 ) 77,472 |
Available-for-sale Securities [Member] | |
Notes Tables | |
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | (Dollars in thousands) Amortized Cost Fair Value Due less than one year $ 1,844 1,777 Due after one year through five years 76,425 74,370 Due after five years through ten years 2,767 2,643 Due after ten years 780 670 No stated maturity 144 144 Total $ 81,960 79,604 |
Note 8 - Loans Receivable, Net
Note 8 - Loans Receivable, Net (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Summary of Loans Receivable [Table Text Block] | (Dollars in thousands) September 30, 2018 December 31, 2017 Single family $ 108,493 107,005 Commercial real estate: Real estate rental and leasing 187,373 175,177 Other 145,130 158,940 332,503 334,117 Consumer 74,521 73,767 Commercial business 78,882 79,909 Total loans 594,399 594,798 Less: Unamortized discounts 18 19 Net deferred loan costs (543 ) (463 ) Allowance for loan losses 8,832 9,311 Total loans receivable, net $ 586,092 585,931 |
Note 9 - Allowance for Loan L_2
Note 9 - Allowance for Loan Losses and Credit Quality Information (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total For the three months ended September 30, 2018: Balance, June 30, 2018 $ 881 5,242 1,623 1,582 9,328 Provision for losses (10 ) (287 ) 61 (416 ) (652 ) Charge-offs 0 0 (16 ) (15 ) (31 ) Recoveries 0 0 5 182 187 Balance, September 30, 2018 $ 871 4,955 1,673 1,333 8,832 For the nine months ended September 30, 201 8 : Balance, December 31, 2017 $ 900 5,073 1,630 1,708 9,311 Provision for losses (6 ) (316 ) 169 (329 ) (482 ) Charge-offs (24 ) 0 (141 ) (270 ) (435 ) Recoveries 1 198 15 224 438 Balance, September 30, 2018 $ 871 4,955 1,673 1,333 8,832 Allocated to: Specific reserves $ 192 441 263 177 1,073 General reserves 708 4,632 1,367 1,531 8,238 Balance, December 31, 2017 $ 900 5,073 1,630 1,708 9,311 Allocated to: Specific reserves $ 104 688 187 82 1,061 General reserves 767 4,267 1,486 1,251 7,771 Balance, September 30, 2018 $ 871 4,955 1,673 1,333 8,832 Loans receivable at December 31, 201 7 : Individually reviewed for impairment $ 1,523 1,364 880 507 4,274 Collectively reviewed for impairment 105,482 332,753 72,887 79,402 590,524 Ending balance $ 107,005 334,117 73,767 79,909 594,798 Loans receivable at September 30, 201 8 : Individually reviewed for impairment $ 1,407 3,689 946 371 6,413 Collectively reviewed for impairment 107,086 328,814 73,575 78,511 587,986 Ending balance $ 108,493 332,503 74,521 78,882 594,399 (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total For the three months ended September 30, 2017: Balance, June 30, 2017 $ 1,004 5,490 1,544 2,007 10,045 Provision for losses (63 ) (509 ) 141 (150 ) (581 ) Charge-offs (6 ) 0 (45 ) (300 ) (351 ) Recoveries 0 32 6 126 164 Balance, September 30, 2017 $ 935 5,013 1,646 1,683 9,277 For the nine months ended September 30, 2017: Balance, December 31, 2016 $ 1,186 4,953 1,613 2,151 9,903 Provision for losses (245 ) (147 ) 257 (447 ) (582 ) Charge-offs (6 ) 0 (263 ) (300 ) (569 ) Recoveries 0 207 39 279 525 Balance, September 30, 2017 $ 935 5,013 1,646 1,683 9,277 |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30, 2018 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 257 2,119 42 0 2,418 106,075 108,493 Commercial real estate: Real estate rental and leasing 5,312 4,881 0 0 10,193 177,180 187,373 Other 2,896 7,535 0 0 10,431 134,699 145,130 Consumer 0 765 42 128 935 73,586 74,521 Commercial business 5,744 2,834 0 0 8,578 70,304 78,882 $ 14,209 18,134 84 128 32,555 561,844 594,399 December 31, 2017 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 77 2,154 44 0 2,275 104,730 107,005 Commercial real estate: Real estate rental and leasing 5,022 3,813 0 0 8,835 166,342 175,177 Other 9,135 4,257 0 0 13,392 145,548 158,940 Consumer 0 631 119 130 880 72,887 73,767 Commercial business 5,781 5,506 0 0 11,287 68,622 79,909 $ 20,015 16,361 163 130 36,669 558,129 594,798 |
Past Due Financing Receivables [Table Text Block] | (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Loans Total Loans Loans 90 Days or More Past Due and Still Accruing September 30, 2018 Single family $ 897 0 222 1,119 107,374 108,493 0 Commercial real estate: Real estate rental and leasing 0 0 210 210 187,163 187,373 0 Other 0 2,227 0 2,227 142,903 145,130 0 Consumer 324 115 335 774 73,747 74,521 0 Commercial business 30 24 33 87 78,795 78,882 $ 1,251 2,366 800 4,417 589,982 594,399 0 December 31, 201 7 Single family $ 727 294 669 1,690 105,315 107,005 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 175,177 175,177 0 Other 0 0 0 0 158,940 158,940 0 Consumer 734 117 235 1,086 72,681 73,767 0 Commercial business 34 0 180 214 79,695 79,909 0 $ 1,495 411 1,084 2,990 591,808 594,798 0 |
Impaired Financing Receivables [Table Text Block] | September 30, 2018 December 31, 2017 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Loans with no related allowance recorded: Single family $ 605 605 0 415 415 0 Commercial real estate: Real estate rental and leasing 33 33 0 35 51 0 Other 25 1,681 0 25 1,682 0 Consumer 608 608 0 414 414 0 Loans with an allowance recorded: Single family 802 802 104 1,108 1,108 192 Commercial real estate: Real estate rental and leasing 210 210 22 0 0 0 Other 3,421 3,421 666 1,304 1,304 441 Consumer 338 355 187 466 483 263 Commercial business 371 922 82 507 1,358 177 Total: Single family 1,407 1,407 104 1,523 1,523 192 Commercial real estate: Real estate rental and leasing 243 243 22 35 51 0 Other 3,446 5,102 666 1,329 2,986 441 Consumer 946 963 187 880 897 263 Commercial business 371 922 82 507 1,358 177 $ 6,413 8,637 1,061 4,274 6,815 1,073 For the three months ended September 30, 2018 For the nine months ended September 30, 2018 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 511 6 467 18 Commercial real estate: Real estate rental and leasing 34 15 34 30 Other 95 29 95 77 Consumer 608 4 508 14 Loans with an allowance recorded: Single family 840 0 882 0 Commercial real estate: Real estate rental and leasing 105 1 53 7 Other 2,327 0 1,821 57 Consumer 358 4 409 9 Commercial business 318 3 406 12 Total: Single family 1,351 6 1,349 18 Commercial real estate: Real estate rental and leasing 139 16 87 37 Other 2,422 29 1,916 134 Consumer 966 8 917 23 Commercial business 318 3 406 12 $ 5,196 62 4,675 224 For the three months ended September 30, 2017 For the nine months ended September 30, 2017 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 453 1 414 3 Commercial real estate: Real estate rental and leasing 38 0 39 0 Other 26 24 26 72 Consumer 500 5 404 9 Commercial business 0 0 125 0 Loans with an allowance recorded: Single family 765 8 821 11 Commercial real estate: Real estate rental and leasing 258 0 194 0 Other 1,838 16 1,818 23 Consumer 375 4 455 8 Commercial business 496 6 428 19 Total: Single family 1,218 9 1,235 14 Commercial real estate: Real estate rental and leasing 296 0 233 0 Other 1,864 40 1,844 95 Consumer 875 9 859 17 Commercial business 496 6 553 19 $ 4,749 64 4,724 145 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (Dollars in thousands) September 30, 2018 December 31, 2017 Single family $ 1,073 949 Commercial real estate: 243 35 Real estate rental and leasing Other 3,446 1,329 Consumer 526 553 Commercial business 197 278 $ 5,485 3,144 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | September 30, 2018 December 31, 2017 (Dollars in thousands) Accrual Non-Accrual Total Accrual Non-Accrual Total Single family $ 334 144 478 574 111 685 Commercial real estate 0 1,146 1,146 0 1,210 1,210 Consumer 420 173 593 327 431 758 Commercial business 174 58 232 229 162 391 $ 928 1,521 2,449 1,130 1,914 3,044 |
Financial Effects of Troubled Debt Restructurings and Difference Between Outstanding Recorded Balance Pre Modification and Post Modification [Table Text Block] | Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 (Dollars in thousands) Number of Contracts Pre-modification Outstanding Recorded Investment Post-modification Outstanding Recorded Investment Number of Contracts Pre-modification Outstanding Recorded Investment Post-modification Outstanding Recorded Investment Troubled debt restructurings: Single family 0 $ 0 0 1 $ 55 58 Commercial real estate: Real estate rental and leasing 0 0 0 1 54 54 Other 0 0 0 2 1,518 1,518 Consumer 2 2 2 10 335 336 Commercial business 0 0 0 1 70 70 Total 2 $ 2 2 15 $ 2,032 2,036 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 (Dollars in thousands) Number of Contracts Pre-modification Outstanding Recorded Investment Post-modification Outstanding Recorded Investment Number of Contracts Pre-modification Outstanding Recorded Investment Post-modification Outstanding Recorded Investment Troubled debt restructurings: Single family 0 $ 0 0 3 $ 282 514 Consumer 6 104 105 13 462 465 Commercial business 1 416 116 1 416 116 Total 7 $ 520 221 17 $ 1,160 1,095 |
Troubled Debt Restructurings Subsequent Default [Table Text Block] | Nine Months Ended September 30, 2017 (Dollars in thousands) Number of Contracts Outstanding Recorded Investment Troubled debt restructurings that subsequently defaulted: Single Family 2 $ 60 Total 2 $ 60 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | (Dollars in thousands) Contractual Principal Receivable Accretable Difference Carrying Amount Purchased performing loans: Balance at June 30, 2018 $ 8,556 (206 ) 8,350 Change due to payments/refinances (538 ) 15 (523 ) Balance at September 30, 2018 $ 8,018 (191 ) 7,827 (Dollars in thousands) Contractual Principal Receivable Non-Accretable Difference Carrying Amount Purchased credit impaired loans: Balance at June 30, 2018 $ 396 (36 ) 360 Change due to payments/refinances (210 ) 29 (181 ) Balance at September 30, 2018 $ 186 (7 ) 179 |
Note 10 - Intangible Assets (Ta
Note 10 - Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Servicing Liability at Amortized Cost [Table Text Block] | (Dollars in thousands) Nine Months ended September 30, 2018 Twelve Months ended December 31, 2017 Nine Months ended September 30, 2017 Balance, beginning of period $ 1,724 1,604 1,604 Originations 533 675 461 Amortization (412 ) (555 ) (411 ) Balance, end of period $ 1,845 1,724 1,654 Fair value of mortgage servicing rights $ 3,641 3,196 3,003 |
Summary of Risk Characteristics of Loans Being Serviced [Table Text Block] | Weighted Weighted Loan Average Average Principal Interest Remaining Number (Dollars in thousands) Balance Rate Term (months) of Loans Original term 30 year fixed rate $ 292,980 4.13 % 307 2,252 Original term 15 year fixed rate 98,179 3.16 132 991 Adjustable rate 54 4.38 272 2 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | September 30, 2018 Gross (Dollars in thousands) Carrying Amount Accumulated Amortization Unamortized Amount Mortgage servicing rights $ 4,457 (2,612 ) 1,845 Core deposit intangible 574 (294 ) 280 Goodwill 802 0 802 Total $ 5,833 (2,906 ) 2,927 September 30, 2017 Gross (Dollars in thousands) Carrying Amount Accumulated Amortization Unamortized Amount Mortgage servicing rights $ 4,141 (2,487 ) 1,654 Core deposit intangible 574 (195 ) 379 Goodwill 802 0 802 Total $ 5,517 (2,682 ) 2,835 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | (Dollars in thousands) Mortgage Core Deposit Total Amortizing Intangible Assets Year ended December 31, 2018 $ 122 25 147 2019 445 99 544 2020 371 99 470 2021 326 47 373 2022 265 10 275 Thereafter 316 0 316 Total $ 1,845 280 2,125 |
Note 11 - Earnings Per Common_2
Note 11 - Earnings Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, (In thousands, except per share data) 2018 2017 2018 2017 Weighted average number of common shares outstanding used in basic earnings per share calculation 4,358 4,220 4,296 4,212 Net dilutive effect of: Restricted stock awards, options, and warrants 252 650 458 651 Weighted average number of shares outstanding adjusted for effect of dilutive securities 4,610 4,870 4,754 4,863 Income available to common shareholders $ 2,712 1,780 5,884 4,017 Basic earnings per common share $ 0.62 0.42 1.37 0.95 Diluted earnings per common share $ 0.59 0.37 1.24 0.83 |
Note 12 - Regulatory Capital _2
Note 12 - Regulatory Capital and Oversight (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Required to be Adequately Capitalized Excess Capital To Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Percent of Assets Amount Percent of Assets Amount Percent of Assets Amount Percent of Assets September 30, 2018 Common equity tier 1 capital $ 76,689 12.65 % $ 27,272 4.50 % $ 49,417 8.15 % $ 39,393 6.50 % Tier 1 capital leverage 76,689 10.49 29,252 4.00 47,437 6.49 36,564 5.00 Tier 1 risk-based capital 76,689 12.65 36,362 6.00 40,327 6.65 48,483 8.00 Total risk-based capital 84,280 13.91 48,483 8.00 35,797 5.91 60,604 10.00 |
Note 16 - Business Segments (Ta
Note 16 - Business Segments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | (Dollars in thousands) Home Federal Savings Bank Other Eliminations Consolidated At or for the nine months ended September 30, 2018: Interest income - external customers $ 22,584 0 0 22,584 Non-interest income - external customers 5,766 0 0 5,766 Intersegment non-interest income 164 6,328 (6,492 ) 0 Interest expense 1,583 0 0 1,583 Non-interest expense 18,703 542 (164 ) 19,081 Income tax expense 2,382 (98 ) 0 2,284 Net income 6,328 5,884 (6,328 ) 5,884 Total assets 737,289 79,228 (79,072 ) 737,445 At or for the nine months ended September 30, 2017: Interest income - external customers $ 20,913 0 0 20,913 Non-interest income - external customers 5,695 0 0 5,695 Intersegment non-interest income 158 4,596 (4,754 ) 0 Interest expense 1,056 306 0 1,362 Non-interest expense 18,653 550 (158 ) 19,045 Income tax expense 3,043 (277 ) 0 2,766 Net income 4,596 4,017 (4,596 ) 4,017 Total assets 715,827 79,516 (78,733 ) 716,610 At or for the quarter ended September 30, 2018: Interest income - external customers $ 7,970 0 0 7,970 Non-interest income - external customers 1,936 0 0 1,936 Intersegment non-interest income 59 2,864 (2,923 ) 0 Interest expense 587 0 0 587 Non-interest expense 6,087 186 (59 ) 6,214 Income tax expense 1,079 (34 ) 0 1,045 Net income 2,864 2,712 (2,864 ) 2,712 Total assets 737,289 79,228 (79,072 ) 737,445 At or for the quarter ended September 30, 2017: Interest income - external customers $ 7,255 0 0 7,255 Non-interest income - external customers 1,909 0 0 1,909 Intersegment non-interest income 53 1,960 (2,013 ) 0 Interest expense 416 77 0 493 Non-interest expense 6,124 188 (53 ) 6,259 Income tax expense 1,298 (85 ) 0 1,213 Net income 1,960 1,780 (1,960 ) 1,780 Total assets 715,827 79,516 (78,733 ) 716,610 |
Note 1 - HMN Financial, Inc. (D
Note 1 - HMN Financial, Inc. (Details Textual) | 9 Months Ended |
Sep. 30, 2018 | |
Percentage Of Ownership In Subsidiaries | 100.00% |
Number of Wholly Owned Subsidiaries | 2 |
Note 4 - Fair Value Measureme_3
Note 4 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans and Leases Receivable, Net Amount, Total | $ 586,092 | $ 585,931 |
Fully Charged Off [Member] | ||
Loans and Leases Receivable, Net Amount, Total | $ 0 |
Note 4 - Fair Value Measureme_4
Note 4 - Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Securities available for sale | $ 79,604 | $ 77,472 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 79,604 | 77,472 |
Mortgage loan commitments | 13 | 28 |
Total | 79,617 | 77,500 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | 0 | 0 |
Mortgage loan commitments | 0 | 0 |
Total | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 79,604 | 77,472 |
Mortgage loan commitments | 13 | 28 |
Total | 79,617 | 77,500 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | 0 | 0 |
Mortgage loan commitments | 0 | 0 |
Total | $ 0 | $ 0 |
Note 4 - Fair Value Measureme_5
Note 4 - Fair Value Measurements - Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | ||
Loans held for sale, Total gains (losses) | $ (46) | $ (30) | $ 1 | |
Mortgage servicing rights, net, Total gains (losses) | 0 | 0 | 0 | |
Loans, Total gains (losses) | [1] | (252) | (332) | (413) |
Real estate, net, Total gains (losses) | [2] | 0 | 0 | 0 |
Total, Total gains (losses) | (298) | (362) | (412) | |
Fair Value, Measurements, Nonrecurring [Member] | ||||
Loans held for sale | 2,109 | 2,109 | 1,837 | |
Mortgage servicing rights | 1,845 | 1,845 | 1,724 | |
Loans | [1] | 5,352 | 5,352 | 3,201 |
Real estate, net | [2] | 414 | 414 | 627 |
Total | 9,720 | 9,720 | 7,389 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Loans held for sale | 0 | 0 | 0 | |
Mortgage servicing rights | 0 | 0 | 0 | |
Loans | [1] | 0 | 0 | 0 |
Real estate, net | [2] | 0 | 0 | 0 |
Total | 0 | 0 | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Loans held for sale | 2,109 | 2,109 | 1,837 | |
Mortgage servicing rights | 1,845 | 1,845 | 1,724 | |
Loans | [1] | 5,352 | 5,352 | 3,201 |
Real estate, net | [2] | 414 | 414 | 627 |
Total | 9,720 | 9,720 | 7,389 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Loans held for sale | 0 | 0 | 0 | |
Mortgage servicing rights | 0 | 0 | 0 | |
Loans | [1] | 0 | 0 | 0 |
Real estate, net | [2] | 0 | 0 | 0 |
Total | $ 0 | $ 0 | $ 0 | |
[1] | Represents the carrying value and related specific reserves on loans for which adjustments are based on the appraised value of the collateral. The carrying value of loans fully charged-off is zero. | |||
[2] | Represents the fair value and related losses of foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets. |
Note 5 - Fair Value of Financ_3
Note 5 - Fair Value of Financial Instruments - Estimated Fair Value of Company's Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financial assets: | ||
Securities available for sale | $ 79,604 | $ 77,472 |
Loans receivable, net | 586,092 | 585,931 |
Reported Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 48,076 | 37,564 |
Securities available for sale | 79,604 | 77,472 |
Loans held for sale | 2,109 | 1,837 |
Loans receivable, net | 586,092 | 585,931 |
Federal Home Loan Bank stock | 867 | 817 |
Accrued interest receivable | 2,225 | 2,344 |
Financial liabilities: | ||
Deposits | 651,429 | 635,601 |
Accrued interest payable | 279 | 146 |
Off-balance sheet financial instruments: | ||
Commitments to extend credit | 13 | 28 |
Commitments to sell loans | 18 | (11) |
Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 48,076 | 37,564 |
Securities available for sale | 79,604 | 77,472 |
Loans held for sale | 2,109 | 1,837 |
Loans receivable, net | 578,676 | 585,494 |
Federal Home Loan Bank stock | 867 | 817 |
Accrued interest receivable | 2,225 | 2,344 |
Financial liabilities: | ||
Deposits | 645,417 | 635,905 |
Accrued interest payable | 279 | 146 |
Off-balance sheet financial instruments: | ||
Commitments to extend credit | 13 | 28 |
Commitments to sell loans | 18 | (11) |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 48,076 | 37,564 |
Securities available for sale | ||
Loans held for sale | ||
Loans receivable, net | ||
Federal Home Loan Bank stock | ||
Accrued interest receivable | ||
Financial liabilities: | ||
Deposits | ||
Accrued interest payable | ||
Off-balance sheet financial instruments: | ||
Commitments to extend credit | ||
Commitments to sell loans | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | ||
Securities available for sale | 79,604 | 77,472 |
Loans held for sale | 2,109 | 1,837 |
Loans receivable, net | 578,676 | 585,494 |
Federal Home Loan Bank stock | 867 | 817 |
Accrued interest receivable | 2,225 | 2,344 |
Financial liabilities: | ||
Deposits | 645,417 | 635,905 |
Accrued interest payable | 279 | 146 |
Off-balance sheet financial instruments: | ||
Commitments to extend credit | ||
Commitments to sell loans | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | ||
Securities available for sale | ||
Loans held for sale | ||
Loans receivable, net | ||
Federal Home Loan Bank stock | ||
Accrued interest receivable | ||
Financial liabilities: | ||
Deposits | ||
Accrued interest payable | ||
Off-balance sheet financial instruments: | ||
Commitments to extend credit | ||
Commitments to sell loans | ||
Portion at Other than Fair Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | ||
Securities available for sale | ||
Loans held for sale | ||
Loans receivable, net | ||
Federal Home Loan Bank stock | ||
Accrued interest receivable | ||
Financial liabilities: | ||
Deposits | ||
Accrued interest payable | ||
Off-balance sheet financial instruments: | ||
Commitments to extend credit | 225,242 | 173,645 |
Commitments to sell loans | $ 8,334 | $ 5,629 |
Note 6 - Other Comprehensive _3
Note 6 - Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) and Related Tax Effects (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net unrealized gains (losses) arising during the period, before tax | $ (303) | $ (7) | $ (928) | $ 593 |
Net unrealized gains (losses) arising during the period, tax | (85) | (3) | (258) | 236 |
Net unrealized gains (losses) arising during the period, after tax | (218) | (4) | (670) | 357 |
Other comprehensive income (loss), before tax | (303) | (7) | (928) | 593 |
Other comprehensive income (loss), tax | (85) | (3) | (258) | 236 |
Other comprehensive income (loss), after tax | $ (218) | $ (4) | $ (670) | $ 357 |
Note 7 - Securities Available_3
Note 7 - Securities Available for Sale - Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Less Than Twelve Months # of Investments | 15 | 20 |
Less Than Twelve Months Fair Value | $ 6,401 | $ 17,241 |
Less Than Twelve Months Unrealized Losses | $ (145) | $ (255) |
Twelve Months or More # of Investments | 18 | 13 |
Twelve Months or More Fair Value | $ 72,756 | $ 59,502 |
Twelve Months or More Unrealized Losses | (2,212) | (1,178) |
Total Fair Value | 79,157 | 76,743 |
Total Unrealized Losses | $ (2,357) | $ (1,433) |
Collateralized Mortgage Obligations [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Less Than Twelve Months # of Investments | 0 | |
Less Than Twelve Months Fair Value | $ 0 | |
Less Than Twelve Months Unrealized Losses | $ 0 | |
Twelve Months or More # of Investments | 2 | |
Twelve Months or More Fair Value | $ 3,846 | |
Twelve Months or More Unrealized Losses | (250) | |
Total Fair Value | 3,846 | |
Total Unrealized Losses | $ (250) | |
Collateralized Mortgage Obligations [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Less Than Twelve Months # of Investments | 2 | |
Less Than Twelve Months Fair Value | $ 4,171 | |
Less Than Twelve Months Unrealized Losses | $ (123) | |
Twelve Months or More # of Investments | 0 | |
Twelve Months or More Fair Value | $ 0 | |
Twelve Months or More Unrealized Losses | 0 | |
Total Fair Value | 4,171 | |
Total Unrealized Losses | $ (123) | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Less Than Twelve Months # of Investments | 0 | 2 |
Less Than Twelve Months Fair Value | $ 0 | $ 4,703 |
Less Than Twelve Months Unrealized Losses | $ 0 | $ (78) |
Twelve Months or More # of Investments | 1 | 0 |
Twelve Months or More Fair Value | $ 190 | $ 0 |
Twelve Months or More Unrealized Losses | (13) | 0 |
Total Fair Value | 190 | 4,703 |
Total Unrealized Losses | $ (13) | $ (78) |
Collateralized Debt Obligations [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Less Than Twelve Months # of Investments | 1 | |
Less Than Twelve Months Fair Value | $ 218 | |
Less Than Twelve Months Unrealized Losses | $ (5) | |
Twelve Months or More # of Investments | 0 | |
Twelve Months or More Fair Value | $ 0 | |
Twelve Months or More Unrealized Losses | 0 | |
Total Fair Value | 218 | |
Total Unrealized Losses | $ (5) | |
Other Marketable Securities [Member] | US Government Agencies Debt Securities [Member] | ||
Less Than Twelve Months # of Investments | 0 | 2 |
Less Than Twelve Months Fair Value | $ 0 | $ 9,819 |
Less Than Twelve Months Unrealized Losses | $ 0 | $ (163) |
Twelve Months or More # of Investments | 14 | 12 |
Twelve Months or More Fair Value | $ 68,125 | $ 58,942 |
Twelve Months or More Unrealized Losses | (1,844) | (1,038) |
Total Fair Value | 68,125 | 68,761 |
Total Unrealized Losses | $ (1,844) | $ (1,201) |
Other Marketable Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Less Than Twelve Months # of Investments | 12 | 14 |
Less Than Twelve Months Fair Value | $ 2,058 | $ 2,268 |
Less Than Twelve Months Unrealized Losses | $ (21) | $ (8) |
Twelve Months or More # of Investments | 0 | 0 |
Twelve Months or More Fair Value | $ 0 | $ 0 |
Twelve Months or More Unrealized Losses | 0 | 0 |
Total Fair Value | 2,058 | 2,268 |
Total Unrealized Losses | $ (21) | $ (8) |
Other Marketable Securities [Member] | Corporate Debt Securities [Member] | ||
Less Than Twelve Months # of Investments | 1 | 1 |
Less Than Twelve Months Fair Value | $ 172 | $ 233 |
Less Than Twelve Months Unrealized Losses | $ (1) | $ (1) |
Twelve Months or More # of Investments | 0 | 0 |
Twelve Months or More Fair Value | $ 0 | $ 0 |
Twelve Months or More Unrealized Losses | 0 | 0 |
Total Fair Value | 172 | 233 |
Total Unrealized Losses | $ (1) | $ (1) |
Other Marketable Securities [Member] | Preferred Stock [Member] | ||
Less Than Twelve Months # of Investments | 0 | 0 |
Less Than Twelve Months Fair Value | $ 0 | $ 0 |
Less Than Twelve Months Unrealized Losses | $ 0 | $ 0 |
Twelve Months or More # of Investments | 1 | 1 |
Twelve Months or More Fair Value | $ 595 | $ 560 |
Twelve Months or More Unrealized Losses | (105) | (140) |
Total Fair Value | 595 | 560 |
Total Unrealized Losses | $ (105) | $ (140) |
Note 7 - Securities Available_4
Note 7 - Securities Available for Sale - Summary of Securities Available for Sale (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Securities available for sale, amortized cost | $ 81,960 | $ 78,801 |
Investment securities available for sale, gross unrealized gains | 1 | 104 |
Investment securities available for sale, gross unrealized losses | (2,357) | (1,433) |
Securities available for sale | 79,604 | 77,472 |
Securities available for sale | 79,604 | 77,472 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, amortized cost | 8,593 | 5,148 |
Investment securities available for sale, gross unrealized gains | 0 | 3 |
Investment securities available for sale, gross unrealized losses | (386) | (83) |
Securities available for sale | 8,207 | 5,068 |
Securities available for sale | 8,207 | 5,068 |
Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 73,367 | 73,653 |
Investment securities available for sale, gross unrealized gains | 1 | 101 |
Investment securities available for sale, gross unrealized losses | (1,971) | (1,350) |
Securities available for sale | 71,397 | 72,404 |
Securities available for sale | 71,397 | 72,404 |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Collateralized Mortgage Obligations [Member] | ||
Securities available for sale, amortized cost | 4,096 | 4,834 |
Investment securities available for sale, gross unrealized gains | 0 | 1 |
Investment securities available for sale, gross unrealized losses | (250) | (78) |
Securities available for sale | 3,846 | 4,757 |
Securities available for sale | 3,846 | 4,757 |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale, amortized cost | 203 | 223 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (13) | (5) |
Securities available for sale | 190 | 218 |
Securities available for sale | 190 | 218 |
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale, amortized cost | 4,294 | 91 |
Investment securities available for sale, gross unrealized gains | 0 | 2 |
Investment securities available for sale, gross unrealized losses | (123) | 0 |
Securities available for sale | 4,171 | 93 |
Securities available for sale | 4,171 | 93 |
US Government Agencies Debt Securities [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 69,969 | 69,962 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (1,844) | (1,201) |
Securities available for sale | 68,125 | 68,761 |
Securities available for sale | 68,125 | 68,761 |
US States and Political Subdivisions Debt Securities [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 2,381 | 2,699 |
Investment securities available for sale, gross unrealized gains | 1 | 2 |
Investment securities available for sale, gross unrealized losses | (21) | (8) |
Securities available for sale | 2,361 | 2,693 |
Securities available for sale | 2,361 | 2,693 |
Corporate Debt Securities [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 173 | 234 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (1) | (1) |
Securities available for sale | 172 | 233 |
Securities available for sale | 172 | 233 |
Preferred Stock [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 700 | 700 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (105) | (140) |
Securities available for sale | 595 | 560 |
Securities available for sale | 595 | 560 |
Equity Securities [Member] | Other Marketable Securities [Member] | ||
Securities available for sale, amortized cost | 144 | 58 |
Investment securities available for sale, gross unrealized gains | 0 | 99 |
Investment securities available for sale, gross unrealized losses | 0 | 0 |
Securities available for sale | 144 | 157 |
Securities available for sale | $ 144 | $ 157 |
Note 7 - Securities Available_5
Note 7 - Securities Available for Sale - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Due less than one year, amortized cost | $ 1,844 | |
Due less than one year, fair value | 1,777 | |
Due after one year through five years, amortized cost | 76,425 | |
Due after one year through five years, fair value | 74,370 | |
Due after five years through ten years, amortized cost | 2,767 | |
Due after five years through ten years, fair value | 2,643 | |
Due after ten years, amortized cost | 780 | |
Due after ten years, fair value | 670 | |
No stated maturity, amortized cost | 144 | |
No stated maturity, fair value | 144 | |
Total, amortized cost | 81,960 | $ 78,801 |
Total, fair value | $ 79,604 | $ 77,472 |
Note 8 - Loans Receivable, Ne_2
Note 8 - Loans Receivable, Net - Loans Receivable (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Loans receivable | $ 594,399 | $ 594,798 | ||||
Unamortized discounts | 18 | 19 | ||||
Net deferred loan costs | (543) | (463) | ||||
Allowance for loan losses | 8,832 | $ 9,328 | 9,311 | $ 9,277 | $ 10,045 | $ 9,903 |
Total loans receivable, net | 586,092 | 585,931 | ||||
Residential Portfolio Segment [Member] | ||||||
Loans receivable | 108,493 | 107,005 | ||||
Allowance for loan losses | 871 | 881 | 900 | 935 | 1,004 | 1,186 |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Loans receivable | 332,503 | 334,117 | ||||
Allowance for loan losses | 4,955 | 5,242 | 5,073 | 5,013 | 5,490 | 4,953 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Loans receivable | 187,373 | 175,177 | ||||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||||
Loans receivable | 145,130 | 158,940 | ||||
Consumer Portfolio Segment [Member] | ||||||
Loans receivable | 74,521 | 73,767 | ||||
Allowance for loan losses | 1,673 | 1,623 | 1,630 | 1,646 | 1,544 | 1,613 |
Commercial Portfolio Segment [Member] | ||||||
Loans receivable | 78,882 | 79,909 | ||||
Allowance for loan losses | $ 1,333 | $ 1,582 | $ 1,708 | $ 1,683 | $ 2,007 | $ 2,151 |
Note 9 - Allowance for Loan L_3
Note 9 - Allowance for Loan Losses and Credit Quality Information (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2016USD ($) | |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | $ 5,485,000 | $ 5,485,000 | $ 3,144,000 | |||||
Impaired Financing Receivable, Related Allowance | 1,061,000 | 1,061,000 | 1,073,000 | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Provision for Loan Losses | 0 | 0 | ||||||
Loan Receivable for Which Value of Collateral Sufficient to Repay | 700,000 | 700,000 | 400,000 | |||||
Financing Receivable, Modifications, Recorded Investment | 2,449,000 | 2,449,000 | 3,044,000 | |||||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 1,000,000 | $ 1,000,000 | 800,000 | |||||
Loan to Value Ratio | 75.00% | 75.00% | ||||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 2 | ||||
Allowance for Credit Losses, Change in Method of Calculating Impairment | $ 600,000 | $ 600,000 | $ 900,000 | |||||
Percentage Reserves For Loan Losses On Troubled Debt Restructurings | 7.20% | 7.20% | 9.80% | |||||
Loans and Leases Receivable, Allowance, Ending Balance | $ 8,832,000 | $ 9,277,000 | $ 8,832,000 | $ 9,277,000 | $ 9,311,000 | $ 9,328,000 | $ 10,045,000 | $ 9,903,000 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 200,000 | 200,000 | ||||||
Provision for Loan and Lease Losses, Total | (482,000) | (582,000) | ||||||
Acquired Loans [Member] | ||||||||
Provision for Loan and Lease Losses, Total | 0 | 0 | ||||||
Nonperforming Financial Instruments [Member] | ||||||||
Impaired Financing Receivable, Related Allowance | 900,000 | 900,000 | 900,000 | |||||
Financing Receivable, Modifications, Recorded Investment | 1,521,000 | 1,521,000 | 1,914,000 | |||||
Nonperforming Financial Instruments [Member] | Classified [Member] | ||||||||
Financing Receivable, Modifications, Recorded Investment | 200,000 | 200,000 | ||||||
Performing Financial Instruments [Member] | ||||||||
Financing Receivable, Modifications, Recorded Investment | $ 928,000 | $ 928,000 | $ 1,130,000 | |||||
Performing Financial Instruments [Member] | Classified [Member] | ||||||||
Financing Receivable, Modifications, Recorded Investment | $ 34,000 | $ 34,000 |
Note 9 - Allowance for Loan L_4
Note 9 - Allowance for Loan Losses and Credit Quality Information - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | |
Balance | $ 9,328 | $ 10,045 | $ 9,311 | $ 9,903 | ||
Provision for loan losses | (652) | (581) | (482) | (582) | ||
Charge-offs | (31) | (351) | (435) | (569) | ||
Recoveries | 187 | 164 | 438 | 525 | ||
Balance | 8,832 | 9,277 | 8,832 | 9,277 | ||
Specific reserves | $ 1,061 | $ 1,073 | ||||
General reserves | 7,771 | 8,238 | ||||
Balance | 8,832 | 10,045 | 8,832 | 9,277 | 8,832 | 9,311 |
Individually reviewed for impairment | 6,413 | 4,274 | ||||
Collectively reviewed for impairment | 587,986 | 590,524 | ||||
Ending balance | 594,399 | 594,798 | ||||
Residential Portfolio Segment [Member] | ||||||
Balance | 881 | 1,004 | 900 | 1,186 | ||
Provision for loan losses | (10) | (63) | (6) | (245) | ||
Charge-offs | 0 | (6) | (24) | (6) | ||
Recoveries | 0 | 0 | 1 | 0 | ||
Balance | 871 | 935 | 871 | 935 | ||
Specific reserves | 104 | 192 | ||||
General reserves | 767 | 708 | ||||
Balance | 881 | 1,004 | 871 | 935 | 871 | 900 |
Individually reviewed for impairment | 1,407 | 1,523 | ||||
Collectively reviewed for impairment | 107,086 | 105,482 | ||||
Ending balance | 108,493 | 107,005 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Balance | 5,242 | 5,490 | 5,073 | 4,953 | ||
Provision for loan losses | (287) | (509) | (316) | (147) | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 32 | 198 | 207 | ||
Balance | 4,955 | 5,013 | 4,955 | 5,013 | ||
Specific reserves | 688 | 441 | ||||
General reserves | 4,267 | 4,632 | ||||
Balance | 5,242 | 5,490 | 4,955 | 5,013 | 4,955 | 5,073 |
Individually reviewed for impairment | 3,689 | 1,364 | ||||
Collectively reviewed for impairment | 328,814 | 332,753 | ||||
Ending balance | 332,503 | 334,117 | ||||
Consumer Portfolio Segment [Member] | ||||||
Balance | 1,623 | 1,544 | 1,630 | 1,613 | ||
Provision for loan losses | 61 | 141 | 169 | 257 | ||
Charge-offs | (16) | (45) | (141) | (263) | ||
Recoveries | 5 | 6 | 15 | 39 | ||
Balance | 1,673 | 1,646 | 1,673 | 1,646 | ||
Specific reserves | 187 | 263 | ||||
General reserves | 1,486 | 1,367 | ||||
Balance | 1,623 | 1,544 | 1,673 | 1,646 | 1,673 | 1,630 |
Individually reviewed for impairment | 946 | 880 | ||||
Collectively reviewed for impairment | 73,575 | 72,887 | ||||
Ending balance | 74,521 | 73,767 | ||||
Commercial Portfolio Segment [Member] | ||||||
Balance | 1,582 | 2,007 | 1,708 | 2,151 | ||
Provision for loan losses | (416) | (150) | (329) | (447) | ||
Charge-offs | (15) | (300) | (270) | (300) | ||
Recoveries | 182 | 126 | 224 | 279 | ||
Balance | 1,333 | 1,683 | 1,333 | 1,683 | ||
Specific reserves | 82 | 177 | ||||
General reserves | 1,251 | 1,531 | ||||
Balance | $ 1,582 | $ 2,007 | $ 1,333 | $ 1,683 | 1,333 | 1,708 |
Individually reviewed for impairment | 371 | 507 | ||||
Collectively reviewed for impairment | 78,511 | 79,402 | ||||
Ending balance | $ 78,882 | $ 79,909 |
Note 9 - Allowance for Loan L_5
Note 9 - Allowance for Loan Losses and Credit Quality Information - Classified and Unclassified Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans receivable | $ 594,399 | $ 594,798 |
Classified [Member] | ||
Loans receivable | 32,555 | 36,669 |
Classified [Member] | Special Mention [Member] | ||
Loans receivable | 14,209 | 20,015 |
Classified [Member] | Substandard [Member] | ||
Loans receivable | 18,134 | 16,361 |
Classified [Member] | Doubtful [Member] | ||
Loans receivable | 84 | 163 |
Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans receivable | 128 | 130 |
Unclassified [Member] | ||
Loans receivable | 561,844 | 558,129 |
Residential Portfolio Segment [Member] | ||
Loans receivable | 108,493 | 107,005 |
Residential Portfolio Segment [Member] | Classified [Member] | ||
Loans receivable | 2,418 | 2,275 |
Residential Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | ||
Loans receivable | 257 | 77 |
Residential Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | ||
Loans receivable | 2,119 | 2,154 |
Residential Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | ||
Loans receivable | 42 | 44 |
Residential Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans receivable | 0 | 0 |
Residential Portfolio Segment [Member] | Unclassified [Member] | ||
Loans receivable | 106,075 | 104,730 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 332,503 | 334,117 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans receivable | 187,373 | 175,177 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 145,130 | 158,940 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Real Estate Loan [Member] | ||
Loans receivable | 10,193 | 8,835 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 10,431 | 13,392 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Real Estate Loan [Member] | ||
Loans receivable | 5,312 | 5,022 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 2,896 | 9,135 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Real Estate Loan [Member] | ||
Loans receivable | 4,881 | 3,813 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 7,535 | 4,257 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Real Estate Loan [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Real Estate Loan [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Real Estate Loan [Member] | ||
Loans receivable | 177,180 | 166,342 |
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Commercial Real Estate Other [Member] | ||
Loans receivable | 134,699 | 145,548 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 74,521 | 73,767 |
Consumer Portfolio Segment [Member] | Classified [Member] | ||
Loans receivable | 935 | 880 |
Consumer Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | ||
Loans receivable | 765 | 631 |
Consumer Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | ||
Loans receivable | 42 | 119 |
Consumer Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans receivable | 128 | 130 |
Consumer Portfolio Segment [Member] | Unclassified [Member] | ||
Loans receivable | 73,586 | 72,887 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 78,882 | 79,909 |
Commercial Portfolio Segment [Member] | Classified [Member] | ||
Loans receivable | 8,578 | 11,287 |
Commercial Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | ||
Loans receivable | 5,744 | 5,781 |
Commercial Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | ||
Loans receivable | 2,834 | 5,506 |
Commercial Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Unclassified [Member] | ||
Loans receivable | $ 70,304 | $ 68,622 |
Note 9 - Allowance for Loan L_6
Note 9 - Allowance for Loan Losses and Credit Quality Information - Aging of Past Due Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans past due | $ 4,417 | $ 2,990 |
Current loans | 589,982 | 591,808 |
Loans receivable | 594,399 | 594,798 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Loans past due | 1,119 | 1,690 |
Current loans | 107,374 | 105,315 |
Loans receivable | 108,493 | 107,005 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 332,503 | 334,117 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 210 | 0 |
Current loans | 187,163 | 175,177 |
Loans receivable | 187,373 | 175,177 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 2,227 | 0 |
Current loans | 142,903 | 158,940 |
Loans receivable | 145,130 | 158,940 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans past due | 774 | 1,086 |
Current loans | 73,747 | 72,681 |
Loans receivable | 74,521 | 73,767 |
Loans 90 days or more past due and still accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans past due | 87 | 214 |
Current loans | 78,795 | 79,695 |
Loans receivable | 78,882 | 79,909 |
Loans 90 days or more past due and still accruing | 0 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 1,251 | 1,495 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 897 | 727 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 324 | 734 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due | 30 | 34 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 2,366 | 411 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 0 | 294 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 2,227 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 115 | 117 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due | 24 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | 800 | 1,084 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | ||
Loans past due | 222 | 669 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans past due | 210 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans past due | 335 | 235 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due | $ 33 | $ 180 |
Note 9 - Allowance for Loan L_7
Note 9 - Allowance for Loan Losses and Credit Quality Information - Impaired Loans and Related Allowances (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Related allowance | $ 1,061 | $ 1,061 | $ 1,073 | ||
Recorded investment | 6,413 | 6,413 | 4,274 | ||
Unpaid principal balance | 8,637 | 8,637 | 6,815 | ||
Specific reserves | 1,061 | 1,061 | 1,073 | ||
Average recorded investment | 5,196 | $ 4,749 | 4,675 | $ 4,724 | |
Interest income recognized | 62 | 64 | 224 | 145 | |
Residential Portfolio Segment [Member] | |||||
Recorded investment, with no related allowance | 605 | 605 | 415 | ||
Unpaid principal balance, with no related allowance | 605 | 605 | 415 | ||
Recorded investment, with related allowance | 802 | 802 | 1,108 | ||
Unpaid principal balance, with related allowance | 802 | 802 | 1,108 | ||
Related allowance | 104 | 104 | 192 | ||
Recorded investment | 1,407 | 1,407 | 1,523 | ||
Unpaid principal balance | 1,407 | 1,407 | 1,523 | ||
Specific reserves | 104 | 104 | 192 | ||
Average recorded investment, with no related allowance | 511 | 453 | 467 | 414 | |
Interest income recognized, with no related allowance | 6 | 1 | 18 | 3 | |
Average recorded investment, with related allowance | 840 | 765 | 882 | 821 | |
Interest income recognized, with related allowance | 0 | 8 | 0 | 11 | |
Average recorded investment | 1,351 | 1,218 | 1,349 | 1,235 | |
Interest income recognized | 6 | 9 | 18 | 14 | |
Commercial Real Estate Portfolio Segment [Member] | |||||
Related allowance | 688 | 688 | 441 | ||
Specific reserves | 688 | 688 | 441 | ||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Recorded investment, with no related allowance | 33 | 33 | 35 | ||
Unpaid principal balance, with no related allowance | 33 | 33 | 51 | ||
Recorded investment, with related allowance | 210 | 210 | 0 | ||
Unpaid principal balance, with related allowance | 210 | 210 | 0 | ||
Related allowance | 22 | 22 | 0 | ||
Recorded investment | 243 | 243 | 35 | ||
Unpaid principal balance | 243 | 243 | 51 | ||
Specific reserves | 22 | 22 | 0 | ||
Average recorded investment, with no related allowance | 34 | 38 | 34 | 39 | |
Interest income recognized, with no related allowance | 15 | 0 | 30 | 0 | |
Average recorded investment, with related allowance | 105 | 258 | 53 | 194 | |
Interest income recognized, with related allowance | 1 | 0 | 7 | 0 | |
Average recorded investment | 139 | 296 | 87 | 233 | |
Interest income recognized | 16 | 0 | 37 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | |||||
Recorded investment, with no related allowance | 25 | 25 | 25 | ||
Unpaid principal balance, with no related allowance | 1,681 | 1,681 | 1,682 | ||
Recorded investment, with related allowance | 3,421 | 3,421 | 1,304 | ||
Unpaid principal balance, with related allowance | 3,421 | 3,421 | 1,304 | ||
Related allowance | 666 | 666 | 441 | ||
Recorded investment | 3,446 | 3,446 | 1,329 | ||
Unpaid principal balance | 5,102 | 5,102 | 2,986 | ||
Specific reserves | 666 | 666 | 441 | ||
Average recorded investment, with no related allowance | 95 | 26 | 95 | 26 | |
Interest income recognized, with no related allowance | 29 | 24 | 77 | 72 | |
Average recorded investment, with related allowance | 2,327 | 1,838 | 1,821 | 1,818 | |
Interest income recognized, with related allowance | 0 | 16 | 57 | 23 | |
Average recorded investment | 2,422 | 1,864 | 1,916 | 1,844 | |
Interest income recognized | 29 | 40 | 134 | 95 | |
Consumer Portfolio Segment [Member] | |||||
Recorded investment, with no related allowance | 608 | 608 | 414 | ||
Unpaid principal balance, with no related allowance | 608 | 608 | 414 | ||
Recorded investment, with related allowance | 338 | 338 | 466 | ||
Unpaid principal balance, with related allowance | 355 | 355 | 483 | ||
Related allowance | 187 | 187 | 263 | ||
Recorded investment | 946 | 946 | 880 | ||
Unpaid principal balance | 963 | 963 | 897 | ||
Specific reserves | 187 | 187 | 263 | ||
Average recorded investment, with no related allowance | 608 | 500 | 508 | 404 | |
Interest income recognized, with no related allowance | 4 | 5 | 14 | 9 | |
Average recorded investment, with related allowance | 358 | 375 | 409 | 455 | |
Interest income recognized, with related allowance | 4 | 4 | 9 | 8 | |
Average recorded investment | 966 | 875 | 917 | 859 | |
Interest income recognized | 8 | 9 | 23 | 17 | |
Commercial Portfolio Segment [Member] | |||||
Recorded investment, with related allowance | 371 | 371 | 507 | ||
Unpaid principal balance, with related allowance | 922 | 922 | 1,358 | ||
Related allowance | 82 | 82 | 177 | ||
Recorded investment | 371 | 371 | 507 | ||
Unpaid principal balance | 922 | 922 | 1,358 | ||
Specific reserves | 82 | 82 | $ 177 | ||
Average recorded investment, with no related allowance | 0 | 125 | |||
Interest income recognized, with no related allowance | 0 | 0 | |||
Average recorded investment, with related allowance | 318 | 496 | 406 | 428 | |
Interest income recognized, with related allowance | 3 | 6 | 12 | 19 | |
Average recorded investment | 318 | 496 | 406 | 553 | |
Interest income recognized | $ 3 | $ 6 | $ 12 | $ 19 |
Note 9 - Allowance for Loan L_8
Note 9 - Allowance for Loan Losses and Credit Quality Information - Non-accrual Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Non-accrual loans | $ 5,485 | $ 3,144 |
Residential Portfolio Segment [Member] | ||
Non-accrual loans | 1,073 | 949 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Non-accrual loans | 243 | 35 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||
Non-accrual loans | 3,446 | 1,329 |
Consumer Portfolio Segment [Member] | ||
Non-accrual loans | 526 | 553 |
Commercial Portfolio Segment [Member] | ||
Non-accrual loans | $ 197 | $ 278 |
Note 9 - Allowance for Loan L_9
Note 9 - Allowance for Loan Losses and Credit Quality Information - Trouble Debt Restructuring (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Troubled debt restructurings | $ 2,449 | $ 3,044 |
Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 928 | 1,130 |
Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 1,521 | 1,914 |
Residential Portfolio Segment [Member] | ||
Troubled debt restructurings | 478 | 685 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 334 | 574 |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 144 | 111 |
Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt restructurings | 1,146 | 1,210 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 1,146 | 1,210 |
Consumer Portfolio Segment [Member] | ||
Troubled debt restructurings | 593 | 758 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 420 | 327 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | 173 | 431 |
Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings | 232 | 391 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings | 174 | 229 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings | $ 58 | $ 162 |
Note 9 - Allowance for Loan _10
Note 9 - Allowance for Loan Losses and Credit Quality Information - Financial Effects of Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | |
Number of Contracts | 2 | 7 | 15 | 17 |
Pre- modification Outstanding Recorded Investment | $ 2 | $ 520 | $ 2,032 | $ 1,160 |
Post- modification Outstanding Recorded Investment | $ 2 | $ 221 | $ 2,036 | $ 1,095 |
Residential Portfolio Segment [Member] | ||||
Number of Contracts | 0 | 0 | 1 | 3 |
Pre- modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 55 | $ 282 |
Post- modification Outstanding Recorded Investment | $ 0 | $ 0 | $ 58 | $ 514 |
Consumer Portfolio Segment [Member] | ||||
Number of Contracts | 2 | 6 | 10 | 13 |
Pre- modification Outstanding Recorded Investment | $ 2 | $ 104 | $ 335 | $ 462 |
Post- modification Outstanding Recorded Investment | $ 2 | $ 105 | $ 336 | $ 465 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Number of Contracts | 0 | 1 | ||
Pre- modification Outstanding Recorded Investment | $ 0 | $ 54 | ||
Post- modification Outstanding Recorded Investment | $ 0 | $ 54 | ||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member] | ||||
Number of Contracts | 0 | 2 | ||
Pre- modification Outstanding Recorded Investment | $ 0 | $ 1,518 | ||
Post- modification Outstanding Recorded Investment | $ 0 | $ 1,518 | ||
Commercial Portfolio Segment [Member] | ||||
Number of Contracts | 0 | 1 | 1 | 1 |
Pre- modification Outstanding Recorded Investment | $ 0 | $ 416 | $ 70 | $ 416 |
Post- modification Outstanding Recorded Investment | $ 0 | $ 116 | $ 70 | $ 116 |
Note 9 - Allowance for Loan _11
Note 9 - Allowance for Loan Losses and Credit Quality Information - Troubled Debt Restructurings Subsequently Defaulted (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017USD ($) | |
Number of Contracts that subsequently defaulted | 0 | 0 | 0 | 2 |
Outstanding Recorded Investment | $ 60 | |||
Residential Portfolio Segment [Member] | ||||
Number of Contracts that subsequently defaulted | 2 | |||
Outstanding Recorded Investment | $ 60 |
Note 9 - Allowance for Loan _12
Note 9 - Allowance for Loan Losses and Credit Quality Information - Purchased Loans Acquired Through Acquisition (Details) | 3 Months Ended |
Sep. 30, 2018USD ($) | |
Purchased performing loans: | |
Carrying Amount | $ 200,000 |
Purchased Performing Loans [Member] | |
Purchased performing loans: | |
Contractual Principle Receivable | 8,556,000 |
Contractual Principle Receivable, change due to payments/refinances | (538,000) |
Contractual Principle Receivable | 8,018,000 |
Accretable Difference | (206,000) |
Accretable Difference, change due to payments/refinances | 15,000 |
Accretable Difference | (191,000) |
Carrying Amount | 8,350,000 |
Carrying Amount, change due to payments/refinances | (523,000) |
Carrying Amount | 7,827,000 |
Purchased Credit Impaired Loans [Member] | |
Purchased performing loans: | |
Contractual Principle Receivable | 396,000 |
Contractual Principle Receivable, change due to payments/refinances | (210,000) |
Contractual Principle Receivable | 186,000 |
Non-accretable difference | (36,000) |
Non-accretable difference, change due to payments/refinances | 29,000 |
Non-accretable difference | (7,000) |
Carrying Amount | 360,000 |
Carrying Amount, change due to payments/refinances | (181,000) |
Carrying Amount | $ 179,000 |
Note 10 - Intangible Assets (De
Note 10 - Intangible Assets (Details Textual) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Amortization of Intangible Assets, Total | $ 0.5 | $ 0.5 |
Note 10 - Intangible Assets - M
Note 10 - Intangible Assets - Mortgage Servicing Activity (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Balance, beginning of period | $ 1,724 | $ 1,604 | $ 1,604 |
Originations | 533 | 461 | 675 |
Amortization | (412) | (411) | (555) |
Balance, end of period | 1,845 | 1,654 | 1,724 |
Fair value of mortgage servicing rights | $ 3,641 | $ 3,003 | $ 3,196 |
Note 10 - Intangible Assets - R
Note 10 - Intangible Assets - Risk Characteristics of Loans Being Serviced (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Original Term Thirty Year Fixed Rate [Member] | |
Loan Principal Balance | $ 292,980 |
Weighted Average Interest Rate | 4.13% |
Weighted Average Remaining Term (Month) | 25 years 210 days |
Number of Loans | 2,252 |
Original Term Fifteen Year Fixed Rate [Member] | |
Loan Principal Balance | $ 98,179 |
Weighted Average Interest Rate | 3.16% |
Weighted Average Remaining Term (Month) | 11 years |
Number of Loans | 991 |
Adjustable Rate [Member] | |
Loan Principal Balance | $ 54 |
Weighted Average Interest Rate | 4.38% |
Weighted Average Remaining Term (Month) | 22 years 240 days |
Number of Loans | 2 |
Note 10 - Intangible Assets - G
Note 10 - Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Finite-lived intangible assets, accumulated amortization | $ (2,906) | $ (2,682) | |
Finite-lived intangible assets, unamortized intangible assets | 2,125 | ||
Goodwill, gross carrying amount | 802 | 802 | |
Goodwill, accumulated impairment | 0 | 0 | |
Goodwill | 802 | $ 802 | 802 |
Intangible assets (including goodwill), gross carrying amount | 5,833 | 5,517 | |
Intangible assets, unamortized intangible assets | 2,927 | 2,835 | |
Mortgage Servicing Rights [Member] | |||
Finite-lived intangible assets, gross carrying amount | 4,457 | 4,141 | |
Finite-lived intangible assets, accumulated amortization | (2,612) | (2,487) | |
Finite-lived intangible assets, unamortized intangible assets | 1,845 | 1,654 | |
Core Deposits [Member] | |||
Finite-lived intangible assets, gross carrying amount | 574 | 574 | |
Finite-lived intangible assets, accumulated amortization | (294) | (195) | |
Finite-lived intangible assets, unamortized intangible assets | $ 280 | $ 379 |
Note 10 - Intangible Assets - E
Note 10 - Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Sep. 30, 2017 |
2,018 | $ 147 | |
2,019 | 544 | |
2,020 | 470 | |
2,021 | 373 | |
2,022 | 275 | |
Thereafter | 316 | |
Total | 2,125 | |
Mortgage Servicing Rights [Member] | ||
2,018 | 122 | |
2,019 | 445 | |
2,020 | 371 | |
2,021 | 326 | |
2,022 | 265 | |
Thereafter | 316 | |
Total | 1,845 | $ 1,654 |
Core Deposits [Member] | ||
2,018 | 25 | |
2,019 | 99 | |
2,020 | 99 | |
2,021 | 47 | |
2,022 | 10 | |
Thereafter | 0 | |
Total | $ 280 | $ 379 |
Note 11 - Earnings Per Common_3
Note 11 - Earnings Per Common Share - Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Weighted average number of common shares outstanding used in basic earnings per share calculation (in shares) | 4,358 | 4,220 | 4,296 | 4,212 |
Restricted stock awards, options, and warrants (in shares) | 252 | 650 | 458 | 651 |
Weighted average number of shares outstanding adjusted for effect of dilutive securities (in shares) | 4,610 | 4,870 | 4,754 | 4,863 |
Income available to common shareholders | $ 2,712 | $ 1,780 | $ 5,884 | $ 4,017 |
Basic earnings per share (in dollars per share) | $ 0.62 | $ 0.42 | $ 1.37 | $ 0.95 |
Diluted earnings per share (in dollars per share) | $ 0.59 | $ 0.37 | $ 1.24 | $ 0.83 |
Note 12 - Regulatory Capital _3
Note 12 - Regulatory Capital and Oversight (Details Textual) - USD ($) $ in Millions | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2019 | |
Banks Tangible Assets | $ 733 | |
Adjusted Assets | 731.3 | |
Risk Weighted Assets | $ 606 | |
Capital Conservation Buffer | 1.875% | |
Scenario, Forecast [Member] | ||
Capital Conservation Buffer | 2.50% |
Note 12 - Regulatory Capital -
Note 12 - Regulatory Capital - Capital Amounts and Ratios (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Common equity tier 1 capital, actual amount | $ 76,689 |
Common equity tier 1 capital, actual percent of asset | 12.65% |
Common equity tier 1 capital, amount required to be adequately capitalized | $ 27,272 |
Common equity tier 1 capital, percent of assets required to be adequately capitalized | 4.50% |
Common equity tier 1 capital, excess capital amount | $ 49,417 |
Common equity tier 1 capital, excess capital percent of assets | 8.15% |
Common equity tier 1 capital, amount to be well capitalized under prompt corrective action provisions | $ 39,393 |
Common equity tier 1 capital, percent of assets to be well capitalized under prompt corrective action provisions | 6.50% |
Tier 1 capital leverage, actual amount | $ 76,689 |
Tier 1 capital leverage, actual percent of asset | 10.49% |
Tier 1 capital leverage, amount required to be adequately capitalized | $ 29,252 |
Tier 1 capital leverage, percent of assets required to be adequately capitalized | 4.00% |
Tier 1 capital leverage, excess capital amount | $ 47,437 |
Tier 1 capital leverage, excess capital percent of assets | 6.49% |
Tier 1 capital leverage, amount to be well capitalized under prompt corrective action provisions | $ 36,564 |
Tier 1 capital leverage, percent of assets to be well capitalized under prompt corrective action provisions | 5.00% |
Tier 1 risk-based capital, actual amount | $ 76,689 |
Tier 1 risk-based capital, actual percent of asset | 12.65% |
Tier 1 risk-based capital, amount required to be adequately capitalized | $ 36,362 |
Tier 1 risk-based capital, percent of assets required to be adequately capitalized | 6.00% |
Tier 1 risk-based capital, excess capital amount | $ 40,327 |
Tier 1 risk-based capital, excess capital percent of assets | 6.65% |
Tier 1 risk-based capital, amount to be well capitalized under prompt corrective action provisions | $ 48,483 |
Tier 1 risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions | 8.00% |
Total risk-based capital, actual amount | $ 84,280 |
Total risk-based capital, actual percent of asset | 13.91% |
Total risk-based capital, amount required to be adequately capitalized | $ 48,483 |
Total risk-based capital, percent of assets required to be adequately capitalized | 8.00% |
Total risk-based capital, excess capital amount | $ 35,797 |
Total risk-based capital, excess capital percent of assets | 5.91% |
Total risk-based capital, amount to be well capitalized under prompt corrective action provisions | $ 60,604 |
Total risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions | 10.00% |
Note 13 - Stockholders' Equity
Note 13 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Oct. 02, 2018 | Aug. 29, 2018 | May 21, 2018 | May 21, 2015 | Feb. 17, 2015 | Dec. 23, 2008 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 |
Preferred Stock, Shares Authorized | 500,000 | 500,000 | 500,000 | |||||||
Preferred Stock, Shares Issued, Total | 26,000 | 0 | 0 | |||||||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ 1,000 | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 833,333 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 4.68 | $ 4.68 | ||||||||
Proceeds from Issuance of Warrants | $ 5,700 | |||||||||
Class of Warrant or Right, Purchase Price of Warrants or Rights | $ 16.07 | $ 14.32 | ||||||||
Class of Warrant or Right, Warrants Repurchased | 277,777.67 | 138,888.66 | ||||||||
Payments for Repurchase of Warrants | $ 4,500 | $ 2,000 | $ 6,453 | $ 0 | ||||||
Stock Issued During Period, Shares, Treasury Stock Reissued | 104,678 | |||||||||
Subsequent Event [Member] | ||||||||||
Stock Issued During Period, Shares, Treasury Stock Reissued | 214,973 | |||||||||
Preferred Stock [Member] | ||||||||||
Stock Redeemed or Called During Period, Shares | 10,000 |
Note 14 - Other Borrowings (Det
Note 14 - Other Borrowings (Details Textual) - USD ($) $ in Thousands | Aug. 31, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 15, 2016 | Dec. 15, 2015 | Dec. 15, 2014 |
Other Borrowings | $ 0 | $ 0 | $ 10,000 | |||
Other Borrowings [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.50% | |||||
Debt Instrument, Annual Principal Payment | $ 2,000 | $ 1,000 | $ 1,000 | |||
Repayments of Long-term Debt, Total | $ 7,000 |
Note 15 - Commitments and Con_2
Note 15 - Commitments and Contingencies (Details Textual) $ in Millions | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Letters of Credit Issued and Available Amount | $ 2.7 |
Line of Credit Facility, Expiration Period | 3 years 300 days |
Note 16 - Business Segments - P
Note 16 - Business Segments - Profit and Assets for the Reportable Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Interest income - external customers | $ 7,970 | $ 7,255 | $ 22,584 | $ 20,913 | |
Total non-interest income | 1,936 | 1,909 | 5,766 | 5,695 | |
Intersegment non-interest income | 0 | 0 | 0 | 0 | |
Interest expense | 587 | 493 | 1,583 | 1,362 | |
Non-interest expense | 6,214 | 6,259 | 19,081 | 19,045 | |
Income tax expense | 1,045 | 1,213 | 2,284 | 2,766 | |
Net income | 2,712 | 1,780 | 5,884 | 4,017 | |
Total assets | 737,445 | 716,610 | 737,445 | 716,610 | $ 722,685 |
Intersegment non-interest income | 0 | 0 | 0 | 0 | |
Consolidation, Eliminations [Member] | |||||
Interest income - external customers | 0 | 0 | 0 | 0 | |
Total non-interest income | 0 | 0 | 0 | 0 | |
Intersegment non-interest income | (2,923) | (2,013) | (6,492) | (4,754) | |
Interest expense | 0 | 0 | 0 | 0 | |
Non-interest expense | (59) | (53) | (164) | (158) | |
Income tax expense | 0 | 0 | 0 | 0 | |
Net income | (2,864) | (1,960) | (6,328) | (4,596) | |
Total assets | (79,072) | (78,733) | (79,072) | (78,733) | |
Intersegment non-interest income | (2,923) | (2,013) | (6,492) | (4,754) | |
Home Federal Savings Bank [Member] | Operating Segments [Member] | |||||
Interest income - external customers | 7,970 | 7,255 | 22,584 | 20,913 | |
Total non-interest income | 1,936 | 1,909 | 5,766 | 5,695 | |
Intersegment non-interest income | 59 | 53 | 164 | 158 | |
Interest expense | 587 | 416 | 1,583 | 1,056 | |
Non-interest expense | 6,087 | 6,124 | 18,703 | 18,653 | |
Income tax expense | 1,079 | 1,298 | 2,382 | 3,043 | |
Net income | 2,864 | 1,960 | 6,328 | 4,596 | |
Total assets | 737,289 | 715,827 | 737,289 | 715,827 | |
Intersegment non-interest income | 59 | 53 | 164 | 158 | |
Other Segments [Member] | Operating Segments [Member] | |||||
Interest income - external customers | 0 | 0 | 0 | 0 | |
Total non-interest income | 0 | 0 | 0 | 0 | |
Intersegment non-interest income | 2,864 | 1,960 | 6,328 | 4,596 | |
Interest expense | 0 | 77 | 0 | 306 | |
Non-interest expense | 186 | 188 | 542 | 550 | |
Income tax expense | (34) | (85) | (98) | (277) | |
Net income | 2,712 | 1,780 | 5,884 | 4,017 | |
Total assets | 79,228 | 79,516 | 79,228 | 79,516 | |
Intersegment non-interest income | $ 2,864 | $ 1,960 | $ 6,328 | $ 4,596 |