Note 3 - Loans (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

Schedule of Portfolio of Loans [Table Text Block]

	At September 30,			At December 31,
(in thousands)	2018			2017
Real estate mortgage loans:
Commercial	$	84,161		$	79,565
Residential and home equity		120,545			94,824
Construction		31,001			26,813
Total real estate mortgage loans		235,707			201,202
Commercial loans		49,563			44,027
Consumer and other loans		6,980			7,742
Total loans		292,250			252,971
Add (deduct):
Net deferred loan costs		446			424
Allowance for loan losses		(3,674	)		(3,136	)
Loans, net	$	289,022		$	250,259

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	Real Estate Mortgage Loans
				Residential								Consumer
				and Home						Commercial		and Other
(in thousands)	Commercial			Equity			Construction			Loans		Loans			Total
Three-Month Period Ended September 30, 2018
Beginning balance	$	1,001		$	1,309		$	400		$	749	$	82		$	3,541
Provision (credit) for loan losses		(61	)		79			(12	)		126		3			135
Net (charge-offs) recoveries		-			-			(3	)		1		-			(2	)
Ending balance	$	940		$	1,388		$	385		$	876	$	85		$	3,674
Three-Month Period Ended September 30, 2017
Beginning balance	$	811		$	1,108		$	338		$	712	$	59		$	3,028
Provision (credit) for loan losses		49			(18	)		(51	)		28		24			32
Net (charge-offs) recoveries		-			-			-			12		-			12
Ending balance	$	860		$	1,090		$	287		$	752	$	83		$	3,072
Nine-Month Period Ended September 30, 2018
Beginning balance	$	894		$	1,097		$	331		$	724	$	90		$	3,136
Provision (credit) for loan losses		46			291			57			148		2			544
Net (charge-offs) recoveries		-			-			(3	)		4		(7	)		(6	)
Ending balance	$	940		$	1,388		$	385		$	876	$	85		$	3,674
Nine-Month Period Ended September 30, 2017
Beginning balance	$	775		$	1,074		$	258		$	714	$	55		$	2,876
Provision (credit) for loan losses		85			16			29			24		33			187
Net (charge-offs) recoveries		-			-			-			14		(5	)		9
Ending balance	$	860		$	1,090		$	287		$	752	$	83		$	3,072
At September 30, 2018
Individually evaluated for impairment:
Recorded investment	$	611		$	247		$	-		$	208	$	8		$	1,074
Balance in allowance for loan losses	$	-		$	-		$	-		$	208	$	8		$	216
Collectively evaluated for impairment:
Recorded investment	$	83,550		$	120,298		$	31,001		$	49,355	$	6,972		$	291,176
Balance in allowance for loan losses	$	940		$	1,388		$	385		$	668	$	77		$	3,458
At December 31, 2017
Individually evaluated for impairment:
Recorded investment	$	-		$	-		$	-		$	134	$	-		$	134
Balance in allowance for loan losses	$	-		$	-		$	-		$	134	$	-		$	134
Collectively evaluated for impairment:
Recorded investment	$	79,565		$	94,824		$	26,813		$	43,893	$	7,742		$	252,837
Balance in allowance for loan losses	$	894		$	1,097		$	331		$	590	$	90		$	3,002

Financing Receivable Credit Quality Indicators [Table Text Block]

	Real Estate Mortgage Loans
			Residential						Consumer
			and Home				Commercial		and Other
(in thousands)	Commercial		Equity		Construction		Loans		Loans		Total
At September 30, 2018
Grade:
Pass	$	78,766	$	117,523	$	31,001	$	45,524	$	6,886	$	279,700
Special mention		4,784		2,861		-		3,042		86		10,773
Substandard		611		161		-		997		8		1,777
Doubtful		-		-		-		-		-		-
Loss		-		-		-		-		-		-
Total	$	84,161	$	120,545	$	31,001	$	49,563	$	6,980	$	292,250
At December 31, 2017
Grade:
Pass	$	74,560	$	92,282	$	26,356	$	42,874	$	7,715	$	243,787
Special mention		4,382		2,122		298		591		27		7,420
Substandard		623		420		159		562		-		1,764
Doubtful		-		-		-		-		-		-
Loss		-		-		-		-		-		-
Total	$	79,565	$	94,824	$	26,813	$	44,027	$	7,742	$	252,971

Past Due Financing Receivables [Table Text Block]

	Accruing Loans
					Greater Than
	30-59 Days		60-89 Days		90 Days		Total Past				Nonaccrual		Total
(in thousands)	Past Due		Past Due		Past Due		Due		Current		Loans		Loans
At September 30, 2018:
Real estate mortgage loans:
Commercial	$	-	$	-	$	-	$	-	$	84,161	$	-	$	84,161
Residential and home equity		135		-		-		135		120,410		-		120,545
Construction		-		-		-		-		31,001		-		31,001
Commercial loans		16		-		-		16		49,376		171		49,563
Consumer and other loans		-		-		-		-		6,972		8		6,980
Total	$	151	$	-	$	-	$	151	$	291,920	$	179	$	292,250
At December 31, 2017:
Real estate mortgage loans:
Commercial	$	-	$	623	$	-	$	623	$	78,942	$	-	$	79,565
Residential and home equity		-		255		-		255		94,569		-		94,824
Construction		-		-		-		-		26,813		-		26,813
Commercial loans		-		-		-		-		43,893		134		44,027
Consumer and other loans		-		-		-		-		7,742		-		7,742
Total	$	-	$	878	$	-	$	878	$	251,959	$	134	$	252,971

Impaired Financing Receivables [Table Text Block]

	With No Related
	Allowance Recorded				With an Allowance Recorded						Total
			Unpaid				Unpaid						Unpaid
			Contractual				Contractual						Contractual
	Recorded		Principal		Recorded		Principal		Related		Recorded		Principal		Related
(in thousands)	Investment		Balance		Investment		Balance		Allowance		Investment		Balance		Allowance
At September 30, 2018:
Real estate mortgage loans:
Commercial	$	611	$	611	$	-	$	-	$	-	$	611	$	611	$	-
Residential and home equity		247		247		-		-		-		247		247		-
Commercial loans		-		-		208		208		208		208		208		208
Consumer and other loans		-		-		8		8		8		8		8		8
	$	858	$	858	$	216	$	216	$	216	$	1,074	$	1,074	$	216
At December 31, 2017:
Commercial loans	$	-	$	-	$	134	$	134	$	134	$	134	$	134	$	134
Total	$	-	$	-	$	134	$	134	$	134	$	134	$	134	$	134

Impaired Financing Receivables, Average Recorded Investment, and Interest Income Recognized [Table Text Block]

	Three Months Ended September 30,
	2018						2017
	Average		Interest		Interest		Average		Interest		Interest
	Recorded		Income		Income		Recorded		Income		Income
(in thousands)	Investment		Recognized		Received		Investment		Recognized		Received
Real estate mortgage loans:
Commercial	$	611	$	8	$	8	$	-	$	-	$	-
Residential and home equity		255		4		3				6		-
Construction		1		-		-		63		1		1
Commercial loans		159		1		2		22		-		-
Total	$	1,026	$	13	$	13	$	85	$	7	$	1

	Nine Months Ended September 30,
	2018						2017
	Average		Interest		Interest		Average		Interest		Interest
	Recorded		Income		Income		Recorded		Income		Income
(in thousands)	Investment		Recognized		Received		Investment		Recognized		Received
Real estate mortgage loans:
Commercial	$	423	$	8	$	8	$	-	$	-	$	-
Residential and home equity		141		5		3		375		28		28
Construction		-		-		-		66		1		2
Commercial loans		154		1		4		56		-		-
Total	$	718	$	14	$	15	$	497	$	29	$	30

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Nine Months Ended September 30,
	2018								2017
			Pre-		Post-		Current				Pre-		Post-		Current
			Modification		Modification		Modification				Modification		Modification		Modification
	Number		Outstanding		Outstanding		Outstanding		Number		Outstanding		Outstanding		Outstanding
	of		Recorded		Recorded		Recorded		of		Recorded		Recorded		Recorded
	Contracts		Investment		Investment		Investment		Contracts		Investment		Investment		Investment
(dollars in thousands)
Troubled Debt Restructurings -
Commercial real estate:
Modified principal		1	$	619	$	611	$	611	$	1	$	153	$	169	$	165
Total		1	$	619	$	611	$	611	$	1	$	153	$	169	$	165