10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2019

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission file number: 001-36706

CB FINANCIAL SERVICES, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania	51-0534721
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

100 N. Market Street, Carmichaels, PA	15320
(Address of principal executive offices)	(Zip Code)

(724) 966-5041

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☒
Non-accelerated filer ☐	Smaller reporting company ☒
Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of May 3, 2019, the number of shares outstanding of the Registrant’s Common Stock was 5,433,289.

Securities registered pursuant to Section 12(b) of the Act:

Common stock, par value $0.4167 per share	CBFV	The Nasdaq Stock Market, LLC
(Title of each class)	(Trading symbol)	(Name of each exchange on which registered)

FORM 10-Q

INDEX

Page

PART I – FINANCIAL INFORMATION
Item 1.  Financial Statements (Unaudited)	1
Consolidated Statement of Financial Condition	1
Consolidated Statement of Income	2
Consolidated Statement of Comprehensive Income	3
Consolidated Statement of Changes In Stockholders’ Equity	3
Consolidated Statement of Cash Flows	4
Notes to Unaudited Consolidated Financial Statements	5
Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.	34
Item 3. Quantitative and Qualitative Disclosure about Market Risk.	42
Item 4. Controls and Procedures.	42
PART II - OTHER INFORMATION
Item 1. Legal Proceedings.	44
Item 1A. Risk Factors.	44
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.	44
Item 3.  Defaults Upon Senior Securities.	44
Item 4. Mine Safety Disclosures.	44
Item 5. Other Information.	44
Item 6. Exhibits	44
SIGNATURES	45

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

CONSOLIDATED STATEMENT OF FINANCIAL CONDITION

	(Unaudited)
(Dollars in thousands, except share data)	March 31, 2019			December 31, 2018
ASSETS
Cash and Due From Banks:
Interest Bearing	$	54,245		$	36,736
Non-Interest Bearing		22,094			16,617
Total Cash and Due From Banks		76,339			53,353
Investment Securities:
Available-for-Sale		224,673			225,409
Loans, Net		899,384			903,314
Premises and Equipment, Net		23,092			23,448
Bank-Owned Life Insurance		23,054			22,922
Goodwill		28,425			28,425
Core Deposit Intangible, Net		10,449			10,934
Accrued Interest and Other Assets		17,177			13,496
TOTAL ASSETS	$	1,302,593		$	1,281,301
LIABILITIES
Deposits:
Demand Deposits	$	274,072		$	253,201
NOW Accounts		213,132			218,687
Money Market Accounts		178,708			187,627
Savings Accounts		218,310			209,985
Time Deposits		218,180			214,891
Brokered Deposits		3,063			2,267
Total Deposits		1,105,465			1,086,658
Short-Term Borrowings		30,689			30,979
Other Borrowed Funds		17,000			20,000
Accrued Interest and Other Liabilities		7,710			6,039
TOTAL LIABILITIES		1,160,864			1,143,676
STOCKHOLDERS' EQUITY
Preferred Stock, No Par Value; 5,000,000 Shares Authorized		-			-
Common Stock, $0.4167 Par Value; 35,000,000 Shares Authorized, 5,680,993 Shares Issued and 5,433,289 and 5,432,289 Shares Outstanding at March 31, 2019 and December 31, 2018, Respectively		2,367			2,367
Capital Surplus		83,307			83,225
Retained Earnings		59,464			57,843
Treasury Stock, at Cost (247,704 and 248,704 Shares at March 31, 2019 and December 31, 2018, Respectively)		(4,353	)		(4,370	)
Accumulated Other Comprehensive Income (Loss)		944			(1,440	)
TOTAL STOCKHOLDERS' EQUITY		141,729			137,625
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,302,593		$	1,281,301

The accompanying notes are an integral part of these consolidated financial statements

1

CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)

	Three Months Ended March 31,
(Dollars in thousands, except share and per share data)	2019			2018
INTEREST AND DIVIDEND INCOME
Loans, Including Fees	$	10,433		$	7,971
Federal Funds Sold		114			6
Investment Securities:
Taxable		1,264			434
Exempt From Federal Income Tax		281			236
Other Interest and Dividend Income		204			60
TOTAL INTEREST AND DIVIDEND INCOME		12,296			8,707
INTEREST EXPENSE
Deposits		1,719			788
Federal Funds Purchased		-			1
Short-Term Borrowings		46			197
Other Borrowed Funds		97			113
TOTAL INTEREST EXPENSE		1,862			1,099
NET INTEREST INCOME		10,434			7,608
Provision For Loan Losses		25			1,500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		10,409			6,108
NONINTEREST INCOME
Service Fees on Deposit Accounts		753			591
Insurance Commissions		1,151			931
Other Commissions		158			433
Net Gains on Sales of Loans		92			8
Net Loss on Sales of Investments		(60	)		-
Fair Value of Equity Securities		20			(25	)
Net Gains on Purchased Tax Credits		9			11
Net Loss on Disposal of Fixed Assets		(6	)		-
Income from Bank-Owned Life Insurance		132			108
Other		66			29
TOTAL NONINTEREST INCOME		2,315			2,086
NONINTEREST EXPENSE
Salaries and Employee Benefits		4,935			3,695
Occupancy		759			570
Equipment		704			498
FDIC Assessment		188			136
PA Shares Tax		268			199
Contracted Services		272			139
Legal and Professional Fees		181			140
Advertising		148			131
Bankcard Processing Expense		197			129
Other Real Estate Owned (Income) Expense		(63	)		7
Amortization of Core Deposit Intangible		485			134
Merger-Related		-			24
Other		1,007			865
TOTAL NONINTEREST EXPENSE		9,081			6,667
Income Before Income Taxes		3,643			1,527
Income Taxes		718			167
NET INCOME	$	2,925		$	1,360
EARNINGS PER SHARE
Basic	$	0.54		$	0.33
Diluted		0.54			0.33
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic		5,432,856			4,096,292
Diluted		5,451,478			4,134,223

The accompanying notes are an integral part of these consolidated financial statements

2

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

	Three Months Ended March 31,
(Dollars in thousands)	2019		2018
Net Income	$	2,925	$	1,360
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Available-for-Sale Securities Net of Income Tax Expense (Benefit) of $622 and ($387) for the Three Months Ended March 31, 2019 and 2018, Respectively		2,337		(1,421	)
Reclassification Adjustment for Losses on Securities: Included in Net Income, Net of Income Tax Benefit of ($13) for the Three Months Ended March 31, 2019 (1)		47		-
Other Comprehensive Income (Loss), Net of Income Tax (Benefit)		2,384		(1,421	)
Total Comprehensive Income (Loss)	$	5,309	$	(61	)

⁽¹⁾ The gross amount of losses on securities of $60 for the Three Months Ended March 31, 2019 are reported as Net Loss on Sales of Investments  on the Consolidated Statement of Income. The income tax benefit effect is included in Income Taxes on the Consolidated Statement of Income. 

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)

(Dollars in thousands, except share and per share data)	Shares Issued		Common Stock		Capital Surplus		Retained Earnings			Treasury Stock			Accumulated Other Comprehensive Loss			Total Stockholders' Equity
December 31, 2017		4,363,346	$	1,818	$	42,089	$	55,280		$	(4,590	)	$	(1,341	)	$	93,256
Comprehensive Income:
Net Income		-		-		-		1,360			-			-			1,360
Other Comprehensive Loss		-		-		-		-			-			(1,421	)		(1,421	)
Impact of change in method of accounting for marketable equity securities (1)		-		-		-		40			-			(40	)		-
Stock-Based Compensation Expense		-		-		119		-			-			-			119
Exercise of Stock Options		-		-		3		-			29			-			32
Treasury Stock Purchased, at cost (895 shares)		-		-		-		-			(27	)		-			(27	)
Dividends Paid ($0.22 Per Share)		-		-		-		(901	)		-			-			(901	)
March 31, 2018		4,363,346	$	1,818	$	42,211	$	55,779		$	(4,588	)	$	(2,802	)	$	92,418

(Dollars in thousands, except share and per share data)	Shares Issued		Common Stock		Capital Surplus		Retained Earnings			Treasury Stock			Accumulated Other Comprehensive Loss			Total Stockholders' Equity
December 31, 2018		5,680,993	$	2,367	$	83,225	$	57,843		$	(4,370	)	$	(1,440	)	$	137,625
Comprehensive Income:
Net Income		-		-		-		2,925			-			-			2,925
Other Comprehensive Income		-		-		-		-			-			2,384			2,384
Stock-Based Compensation Expense		-		-		77		-			-			-			77
Exercise of Stock Options		-		-		5		-			17			-			22
Dividends Paid ($0.24 Per Share)		-		-		-		(1,304	)		-			-			(1,304	)
March 31, 2019		5,680,993	$	2,367	$	83,307	$	59,464		$	(4,353	)	$	944		$	141,729

 ⁽¹⁾ Reclassification due to the adoption of ASU 2016-01. See Note 1 for additional information.

The accompanying notes are an integral part of these consolidated financial statements

3

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

	Three Months Ended March 31,
(Dollars in thousands)		2019			2018
OPERATING ACTIVITIES
Net Income	$	2,925		$	1,360
Αdjustmеnts to Rеconcilе Net Income to Net Cash Provided By Operating Activities:
Net (Accretion) Amortization on Investments		(1	)		104
Depreciation and Amortization		913			464
Provision for Loan Losses		25			1,500
Unrealized (Gain) Loss on Equity Securities		(20	)		25
Gains on Purchased Tax Credits		9			11
Income from Bank-Owned Life Insurance		(132	)		(108	)
Proceeds From Mortgage Loans Sold		3,995			534
Originations of Mortgage Loans for Sale		(3,903	)		(526	)
Gains on Sales of Loans		(92	)		(8	)
Losses on Sales of Investment Securities		60			-
Gains on Sales of Other Real Estate Owned and Repossessed Assets		(71	)		(12	)
Noncash Expense for Stock-Based Compensation		77			119
Increase in Accrued Interest Receivable		(237	)		(145	)
Net Loss on Disposal of Fixed Assets		6			-
Increase (Decrease) in Taxes Payable		455			(15	)
Increase in Accrued Interest Payable		176			19
Net Payment of Federal/State Income Taxes		(15	)		(30	)
Other, Net		(2,949	)		(2,144	)
NET CASH PROVIDED BY OPERATING ACTIVITIES		1,221			1,148
INVESTING ACTIVITIES
Investment Securities Available for Sale:
Proceeds From Principal Repayments and Maturities		3,901			1,212
Purchases of Securities		(10,947	)		(1,044	)
Proceeds from Sales of Securities		10,762			-
Net Decrease (Increase) in Loans		3,845			(38,165	)
Purchase of Premises and Equipment		-			(1,888	)
Asset Acquisition of a Customer List		(900	)		-
Proceeds From a Claim on Bank-Owned Life Insurance		-			950
Proceeds From Sales of Other Real Estate Owned and Repossessed Assets		814			164
Decrease (Increase) in Restricted Equity Securities		55			(2,168	)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		7,530			(40,939	)
FINANCING ACTIVITIES
Net Increase (Decrease) in Deposits		18,807			(18,613	)
Net (Decrease) Increase in Short-Term Borrowings		(290	)		55,660
Principal Payments on Other Borrowed Funds		(3,000	)		(3,500	)
Cash Dividends Paid		(1,304	)		(901	)
Treasury Stock, Purchases at Cost		-			(27	)
Exercise of Stock Options		22			32
NET CASH PROVIDED BY FINANCING ACTIVITIES		14,235			32,651
INCREASE IN CASH AND CASH EQUIVALENTS		22,986			(7,140	)
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR		53,353			20,622
CASH AND DUE FROM BANKS AT END OF PERIOD	$	76,339		$	13,482
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for:
Interest on deposits and borrowings (including interest credited to deposit accounts of $1,719 and $788, respectively)	$	1,686		$	1,080
Income taxes		15			30
SUPPLEMENTAL NONCASH DISCLOSURE:
Right of use asset recognized		1,888			-
Lease liability recognized		1,854			-

The accompanying notes are an integral part of these consolidated financial statements

4

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters” or “EU”). CB Financial and the Bank are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation.

The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading in any material respect. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and income and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, evaluation of securities for other-than-temporary impairment including related cash flow projections, goodwill and intangible assets impairment, and the valuation of deferred tax assets.

In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All of these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Interim results are not necessarily indicative of results for a full year.

The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC and incorporated into the consolidated financial statements the effect of all material known events determined by ASC Topic 855, Subsequent Events, to be recognizable events.

Nature of Operations

The Company derives substantially all its income from banking and bank-related services which include interest earnings on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest earnings on investment securities and fees generated from deposit services to its customers. The Company provides banking services through its subsidiary, Community Bank, a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank operates from sixteen offices in Greene, Allegheny, Washington, Fayette and Westmoreland Counties in southwestern Pennsylvania, seven offices in Brooke, Marshall, Ohio, Upshur and Wetzel Counties in West Virginia, and one office in Belmont County in Ohio. The Bank is a community-oriented institution offering residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. Property and casualty, commercial liability, surety and other insurance products are offered through Exchange Underwriters, the Bank’s wholly-owned subsidiary that is a full-service, independent insurance agency.

Acquired Loans

Loans that were acquired in previous mergers, were recorded at fair value with no carryover of the related allowance for credit losses. The fair value of the acquired loans was estimated by management with the assistance of a third party valuation specialist.

For performing loans acquired in a merger, the excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. For purchased credit impaired (“PCI”) loans acquired in a merger, the difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be first applied to the nonaccretable discount portion of the fair value adjustment.

5

Recognition of Prior Period Errors

In April 2018, the Company discovered an error with the collateral position on a commercial and industrial classified loan relationship that had occurred in April 2017. This error resulted in the loss of the Company’s first lien position, leaving the loan with insufficient collateral. The Company recognized the error by recording a specific reserve and recognizing an additional $300,000 (pre-tax) of provision for loan losses for the quarter-ended March 31, 2018. There was no financial statement impact for the three months ended March 31, 2019. The impact of the correction of the error resulted in a decrease of $300,000 in income before income taxes and a decrease of $63,000 in income taxes, resulting in a decrease of $237,000 (after-tax) in net income ($0.06 per share) for the three months ended March 31, 2018.

As a result of this error, the Company’s 2017 results were overstated by $237,000 and the Company’s March 31, 2018 quarterly results were understated by the same amount. Management of the Company concluded the effect of the error was immaterial to the Company’s 2017 and 2018 results.

In March 2019, the Company discovered an error in loan classifications within the commercial and industrial segment of the loan portfolio. Certain term loans and revolving lines of credit that were incorrectly classified as commercial and industrial loans even though they were partially or primarily secured by commercial real estate and residential real estate. The error resulted in loan reclassifications of $21.7 million from the commercial and industrial segment to the commercial real estate and the residential real estate segments as of and for the year ended December 31, 2018. In addition, as a result of the loan segment reclassifications, the allocated components of the allowance for loan losses were adjusted to reflect the revised loan balances with the residual of $257,000 added to the unallocated component of the allowance for loan loss as of December 31, 2018. Management of the Company has evaluated the loan reclassification error and determined that, based on quantitative and qualitative analyses, this error was not material to the December 31, 2018 consolidated financial statements as presented.

Reclassifications

Certain comparative amounts for the prior year have been reclassified to conform to the current year presentation. Such reclassifications did not affect net income or stockholders’ equity.

Recent Accounting Standards

In January 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-01, Leases (Topic 842), Land Easement Practical Expedient for Transition to Topic 842. ASU 2018-01 is intended to be effective with ASU 2016-02, as amended. The amendments in ASU 2018-01 are as follows: provide an optional transition practical expedient for the adoption of ASU 2016-02 that, if elected, would not require an organization to reconsider their accounting for existing land easements that are not currently accounted for under the old lease standards; and clarify that new or modified land easements should be evaluated under ASU 2016-02, once an entity has adopted the new standard. ASU 2016-02 will require lessees to recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than twelve months. Both the ROU asset and lease liability will initially be measured at the present value of the future minimum lease payments over the lease term. Subsequent measurement, including the presentation of expenses and cash flows, will depend on the classification of the lease as either a finance or an operating lease. Accounting by lessors will remain largely unchanged from current U.S. GAAP. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted, and is to be applied as of the beginning of the earliest period presented using a modified retrospective approach. The Company adopted the provisions of ASU 2016-02 effective January 1, 2019, which increased assets and liabilities approximately $1.9 million as a result of reporting additional leases on the Company's consolidated statement of financial condition.

In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception. ASU 2017-11 amendments simplify the accounting for certain financial instruments with down round features. The amendments require companies to disregard the down round feature when assessing whether the instrument is indexed to its own stock, for purposes of determining liability or equity classification. Companies that provide earnings per share (EPS) data will adjust their basic EPS calculation for the effect of the feature when triggered and will also recognize the effect of the trigger within equity. ASU 2017-11 is effective for fiscal years beginning after December 15, 2018, and interim periods within those years. The Company adopted the provisions of ASU 2017-11 effective January 1, 2019 and the adoption did not have a material impact on the Company's consolidated financial condition or results of operations.

In March 2017, the FASB issued ASU 2017-08, Receivables- Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchases of Callable Debt Securities. ASU 2017-08 amends guidance on the amortization period of premiums on certain purchases of callable debt securities. The amendments shorten the amortization period of premiums on certain purchases of callable debt securities to the earliest call date. ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. The Company adopted the provisions of ASU 2017-08 effective January 1, 2019 and the adoption did not have a material impact on the Company's consolidated statement of financial condition or results of operations.

6

In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. ASU 2017-04 simplifies the accounting for goodwill impairments by eliminating the second step of the goodwill impairment test. Instead, an entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. ASU 2017-04 is effective for public business entities that are SEC filers for annual periods beginning after December 15, 2019, and interim periods within those annual periods, with early adoption permitted, and is to be applied on a prospective basis. The Company is currently evaluating the provisions of ASU 2017-04, but does not believe that its adoption will have a material impact on the Company's consolidated financial condition or results of operations.

In September 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, ASU 2016-13 eliminates the probable initial recognition threshold in current GAAP; and instead requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however this ASU will require that credit losses be presented as an allowance rather than as a write-down. ASU 2016-13 affects companies holding financial assets and net investment in leases that are not accounted for at fair value through net income. The ASU 2016-13 amendments affect loans, debt securities, trade receivables, net investments in leases, off balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the provisions of ASU 2016-13, but does not believe that its adoption will have a material impact on the Company's consolidated financial condition or results of operations.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which increases the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet, and disclosing key information about leasing arrangements. ASU 2016-02 will require lessees to recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than twelve months. Both the ROU asset and lease liability will initially be measured at the present value of the future minimum lease payments over the lease term. Subsequent measurement, including the presentation of expenses and cash flows, will depend on the classification of the lease as either a finance or an operating lease. Accounting by lessors will remain largely unchanged from current U.S. GAAP. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted, and is to be applied as of the beginning of the earliest period presented using a modified retrospective approach. The Company adopted the provisions of ASU 2016-02, effective January 1, 2019, which increased assets and liabilities approximately $1.9 million as a result of reporting additional leases on the Company's consolidated statement of financial condition.

Note 2. Merger

Effective April 30, 2018, the Company merged with First West Virginia Bancorp, Inc. (“FWVB”), the holding company for Progressive Bank, N.A. (“PB”), a national association. In addition, effective April 30, 2018, PB merged in the Bank. The FWVB merger enhanced the Bank’s exposure into the core of the PA-WV-OH Tri-State region. Through the FWVB merger, the Company anticipates future revenue and earnings growth from an expanded menu of financial services offered through the Company’s branch network in the Ohio Valley. The FWVB merger resulted in the addition of eight branches and expanded the Company’s reach into West Virginia with seven branches and one branch in Eastern Ohio. The FWVB merger value was approximately $51.3 million. In connection with the FWVB merger, the Company issued 1,317,647 shares of common stock based on the Company’s closing stock price on April 30, 2018, of $31.9068, and paid cash consideration of $9.8 million in exchange for all the outstanding shares of FWVB common stock.

Merger-related expenses are recorded in the Consolidated Statement of Income and include costs relating to the Company’s acquisition of FWVB, as described above.  These charges represent one-time costs associated with acquisition activities and do not represent ongoing costs of the fully integrated combined organization.  Accounting guidance requires that acquisition-related transactional and restructuring costs incurred by the Company be charged to expense as incurred. There were approximately $1.2 million of cumulative merger-related expenses, of which $24,000, were recorded in the Consolidated Statement of Income for the three months ended March 31, 2018.

7

As of the date of merger, FWVB had approximately $334.0 million of assets, $96.8 million of loans, and $282.9 million of deposits held across a network of 8 branches located in West Virginia and eastern Ohio. The Company stockholders and FWVB stockholders now own approximately 76% and 24% of the combined company, respectively.

The FWVB merger was accounted for as an acquisition in accordance with the acquisition method of accounting as detailed in Accounting Standards Codification ("ASC") 805, Business Combinations. The acquisition method of accounting requires an acquirer to recognize the assets acquired and the liabilities assumed based on their fair values as of the date of acquisition. This process is heavily reliant on measuring and estimating the fair values of all the assets and liabilities of the acquired entity. To the extent we did not have the requisite expertise to determine the fair values of the assets acquired and liabilities assumed, we engaged third-party valuation specialists to assist us in determining such values. The preliminary results of the fair value evaluation generated goodwill and intangible assets. Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual obligations or other legal rights.

The assets acquired and liabilities assumed of FWVB were recorded on the Company’s Consolidated Statement of Financial Condition at their estimated fair values as of April 30, 2018. Based on a purchase price allocation, the Company recorded $23.5 million in goodwill and $9.1 million in core deposit intangibles related to the FWVB acquisition.

None of the goodwill is deductible for income tax purposes, as the acquisition is accounted for as a tax-free exchange for tax purposes.

The fair value of the assets acquired and liabilities assumed in the FWVB merger were as follows (dollars in thousands):

Consideration Paid:	Provision at June 30, 2018			Measurement Period Adjustments			December 31, 2018
Cash Paid for Redemption of FWVB Common Stock	$	9,801					$	9,801
CB Financial Common Stock Issued in
Exchange for FWVB Common Stock		41,527						41,527
Total Consideration Paid		51,328			-			51,328
Assets Acquired:
Cash and Cash Equivalents		30,433						30,433
Net Loans		95,456						95,456
Investment Securities		187,628						187,628
Premises and Equipment		13,047			(9,335	)		3,712
Bank Owned Life Insurance		4,212						4,212
Core Deposit Intangible		12,789			(3,662	)		9,127
Deferred Tax Assets		(87	)		1,411			1,324
Other Assets		3,030						3,030
Total Assets Acquired		346,508			(11,586	)		334,922
Liabilities Assumed:
Deposits		281,620						281,620
Borrowings		22,329						22,329
Other Liabilities		3,117						3,117
Total Liabilities Assumed		307,066			-			307,066
Total Identifiable Net Assets		39,442			(11,586	)		27,856
Goodwill Recognized	$	11,886			11,586		$	23,472

As part of the FWVB merger, the Company identified FWVB employees who would be retained and estimated a severance costs of $100,000 if those employees were terminated without cause within the first year of the merger. For the three months ended March 31, 2019, the Company paid out $52,000 in severance cost according to the FWVB merger agreement.

8

Note 3. Earnings Per Share

There are no convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, net income as presented on the Consolidated Statement of Income is used as the numerator.

The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation.

	Three Months Ended March 31,
	2019			2018
Weighted-Average Common Shares Outstanding		5,680,993			4,363,346
Average Treasury Stock Shares		(248,137	)		(267,054	)
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share		5,432,856			4,096,292
Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share		18,622			37,931
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share		5,451,478			4,134,223
Earnings per share:
Basic	$	0.54		$	0.33
Diluted		0.54			0.33

Note 4. Revenue Recognition from Contracts with Customers

The Company adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606 while prior periods amounts continue to be reported in accordance with legacy GAAP. The adoption of ASC 606 resulted in a change in recognition of revenue for insurance commissions. There were no changes in the accounting for all other in-scope revenue streams.

The Company generally fully satisfies its performance obligations on contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying ASC 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers.

9

All of the Company’s revenue from contracts with customers within the scope of ASC 606 is recognized as Non-Interest Income with the exception of Other Real Estate Owned Expense (Income), which is accounted for in Non-Interest Expense. The following table presents the Company’s sources of Non-Interest Income and Expense as of the periods indicated:

	(Dollars in thousands)
	Three Months Ended
	March 31, 2019			March 31, 2018
NONINTEREST INCOME
Service Fees on Deposit Accounts (a)	$	753		$	591
Insurance Commissions		1,151			931
Other Commissions (c)		158			433
Net Gains on Sales of Loans (b)		92			8
Net Loss on Sales of Investments (b)		(60	)		-
Fair Value of Equity Securities (b)		20			(25	)
Net Gains on Purchased Tax Credits (b)		9			11
Net Loss on Disposal of Fixed Assets (b)		(6	)		-
Income from Bank-Owned Life Insurance (b)		132			108
Other (b)		66			29
Total non-interest income		2,315			2,086
NONINTEREST EXPENSE
Other Real Estate Owned Expense		(63	)		7
Total non-interest expense		(63	)		7
Net non-interest income	$	2,378		$	2,079

(a) Interchange fees and ATM fees are included within this line item.

(b) Not within the scope of ASC 606.

(c) The Other Commissions category includes wealth management referral fees, check sales and safe deposit box rentals totaling $69,000 and $42,000 for the three months ended March 31, 2019 and 2018, respectively, which are in the scope of ASC 606; the remaining balances of $89,000 and $391,000 for the three months ended March 31, 2019 and 2018, respectively, represent income derived from other various commissions and a bank-owned life insurance policy claim for the three months ended March 31, 2018, which are all outside the scope of ASC 606. The following narrative describes the Company’s revenue streams accounted for under the guidance of ASC 606 as follows:

Service Fees on Deposit Accounts: The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees include services fees for ATM uses, stop payment charges, statement production, ACH and wire fees, which are recognized into income at the occurrence of an executed transaction and the point in time the Company fulfills the customer’s request. Account maintenance fees, which are primarily based on monthly maintenance activities, are earned over the course of the month, and satisfy the Company’s performance obligation. Overdraft fees are recognized as the overdrafts on customer’s accounts are incurred. The services fees on deposit accounts are automatically withdrawn from the customer’s accounts balance per their account agreement with the Company.

Interchange Fees: The Company earns interchange fees from debit/credit cardholder transactions conducted through the MasterCard network for our debit cards and through the Visa network for our credit cards. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. The Company currently does not offer a cardholder rewards program.

Insurance Commissions: The Company’s insurance subsidiary, Exchange Underwriters, derives commission and fee income from direct and agency bill insurance policies. Direct bill policies are invoiced directly from the insurance company provider to the customer. Once the customer remits payment for the policy, the insurance company provider then remits the commission or fee income to EU on a monthly basis. Agency bill policies are invoiced from EU, the insurance underwriting agency, to the customer. EU records the insurance company policy payable and the commission or fee income earned on the policy. As all insurance policies are contracts with customers, each policy has different terms and conditions.

10

EU utilizes a report from their core insurance data processing program, The Agency Manager, otherwise known as “TAM”. The report from TAM captures all in force policies that are active in the system and annualizes the commission over the life of each individual contract. The report then provides an overall commission and fee income total for the monthly reporting financial statement period. This income is then compared to the amount of direct and agency bill income recorded in TAM for the reporting month and an adjustment to income is made according to the report and this is the income recognized for the portion of the insurance contract that has been earned by EU.

Other Commissions: The Company earns other commissions, such as, wealth management referral fees, check sales and safe deposit box rentals to customers. The wealth management referral fees are earned as a referral of a bank customer initiates a customer relationship with an associated wealth management firm. These fees fulfill the contract/agreement between the Company and the wealth management firm. Check sales are recognized as customers contact the Company for check supplies or the customer initiates the check order through the Company website to our third party check company. These commissions are recognized as the third party check company satisfies the contract of providing check stock to our customers. Safe deposit box rental income is recognized on a monthly basis, per each contract agreement with our customers. The safe deposit box income is automatically withdrawn from the customer’s deposit account on a monthly basis as this revenue is earned by the contract.

Gains/Losses on Sales of OREO: The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. It is not common policy that the Company will finance an OREO property with the buyer. It is the Company’s belief that once loan collateral has been recognized as an OREO property, it needs to be sold to free the Company of any additional possible loss exposure. In addition, the Company occasionally will receive ownership in mineral rights with an OREO property. It has been the Company’s practice to retain ownership in the mineral rights and proceed to recognize the value of these rights to offset any potential loss exposure.

Note 5. Investment Securities

The following table presents the amortized cost and fair value of investment securities available-for-sale at the dates indicated:

	(Dollars in thousands)
	March 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government Agencies	$	82,526	$	389	$	(1,012	)	$	81,903
Obligations of States and Political Subdivisions		33,446		494		(33	)		33,907
Mortgage-Backed Securities - Government-Sponsored Enterprises		105,013		1,562		(208	)		106,367
Equity Securities - Mutual Funds		1,000		-		(20	)		980
Equity Securities - Other		1,520		79		(83	)		1,516
Total	$	223,505	$	2,524	$	(1,356	)	$	224,673

	December 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government Agencies	$	82,506	$	160	$	(2,087	)	$	80,579
Obligations of States and Political Subdivisions		44,737		230		(366	)		44,601
Mortgage-Backed Securities - Government-Sponsored Enterprises		97,535		582		(346	)		97,771
Equity Securities - Mutual Funds		1,000		-		(32	)		968
Equity Securities - Other		1,502		92		(104	)		1,490
Total	$	227,280	$	1,064	$	(2,935	)	$	225,409

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The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at the dates indicated:

	(Dollars in thousands)
	March 31, 2019
	Less than 12 months							12 Months or Greater							Total
	Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses
U.S. Government Agencies		-	$	-	$	-			23	$	66,513	$	(1,012	)		23	$	66,513	$	(1,012	)
Obligations of States and Political Subdivisions		-		-		-			14		7,052		(33	)		14		7,052		(33	)
Mortgage-Backed Securities - Government Sponsored Enterprises		-		-		-			9		13,402		(208	)		9		13,402		(208	)
Equity Securities - Mutual Fund		1		482		(18	)		1		498		(2	)		2		980		(20	)
Equity Securities - Other		11		808		(71	)		2		148		(12	)		13		956		(83	)
Total		12	$	1,290	$	(89	)		49	$	87,613	$	(1,267	)		61	$	88,903	$	(1,356	)

	December 31, 2018
	Less than 12 months							12 Months or Greater							Total
	Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses
U.S. Government Agencies		-	$	-	$	-			23	$	65,450	$	(2,087	)		23	$	65,450	$	(2,087	)
Obligations of States and Political Subdivisions		24		13,212		(133	)		25		11,918		(233	)		49		25,130		(366	)
Mortgage-Backed Securities - Government Sponsored Enterprises		-		-		-			9		13,874		(346	)		9		13,874		(346	)
Equity Securities - Mutual Fund		2		968		(32	)		-		-		-			2		968		(32	)
Equity Securities - Other		7		592		(68	)		3		225		(36	)		10		817		(104	)
Total		33	$	14,772	$	(233	)		60	$	91,467	$	(2,702	)		93	$	106,239	$	(2,935	)

For debt securities, the Company does not believe that any individual unrealized loss as of March 31, 2019 or December 31, 2018, represents an other-than-temporary impairment. The Company performs a review of the entire securities portfolio on a quarterly basis to identify securities that may indicate an other-than-temporary impairment. The Company’s management considers the length of time and the extent to which the fair value has been less than cost, and the financial condition of the issuer. The securities that are temporarily impaired at March 31, 2019 and December 31, 2018 relate principally to changes in interest rates subsequent to the acquisition of the specific securities. The Company does not intend to sell or it is not more likely than not that it will be required to sell any of the securities in an unrealized loss position before recovery of its amortized cost or maturity of the security.

The following table presents the scheduled maturities of investment securities as of the date indicated:

	(Dollars in thousands)
	March 31, 2019
	Available-for-Sale
	Amortized Cost		Fair Value
Due in One Year or Less	$	3,526	$	3,551
Due after One Year through Five Years		69,212		68,355
Due after Five Years through Ten Years		45,987		46,543
Due after Ten Years		104,780		106,224
Total	$	223,505	$	224,673

Equity Securities – Mutual Funds and Equity Securities – Other do not have a scheduled maturity date, but have been included in the Due After Ten Years category.

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Note 6. Loans and Related Allowance for Loan Loss

The Company’s loan portfolio is made up of four classifications: real estate loans, commercial and industrial loans, consumer loans and other loans. These segments are further segregated between loans accounted for under the amortized cost method (“Originated Loans”) and acquired loans that were originally recorded at fair value with no carryover of the related pre-merger allowance for loan losses (“Loans Acquired at Fair Value”). The following table presents the classifications of loans as of the dates indicated.

	(Dollars in thousands)
	March 31, 2019						December 31, 2018
	Amount			Percent			Amount			Percent
Originated Loans
Real Estate:
Residential	$	239,327			33.0	%	$	235,492			32.6	%
Commercial		227,503			31.4			229,455			31.8
Construction		55,982			7.7			46,824			6.5
Commercial and Industrial		72,917			10.1			78,466			10.9
Consumer		116,619			16.1			119,731			16.6
Other		12,205			1.7			11,623			1.6
Total Originated Loans		724,553			100.0	%		721,591			100.0	%
Allowance for Loan Losses		(8,793	)					(8,942	)
Loans, Net	$	715,760					$	712,649
Loans Acquired at Fair Value
Real Estate:
Residential	$	87,079			47.2	%	$	91,277			47.8	%
Commercial		75,533			40.9			77,609			40.5
Construction		3,981			2.2			2,000			1.0
Commercial and Industrial		10,771			5.9			12,997			6.8
Consumer		2,150			1.2			2,510			1.3
Other		4,729			2.6			4,888			2.6
Total Loans Acquired at Fair Value		184,243			100.0	%		191,281			100.0	%
Allowance for Loan Losses		(619	)					(616	)
Loans, Net	$	183,624					$	190,665
Total Loans
Real Estate:
Residential	$	326,406			35.9	%	$	326,769			35.9	%
Commercial		303,036			33.3			307,064			33.6
Construction		59,963			6.6			48,824			5.3
Commercial and Industrial		83,688			9.2			91,463			10.0
Consumer		118,769			13.1			122,241			13.4
Other		16,934			1.9			16,511			1.8
Total Loans		908,796			100.0	%		912,872			100.0	%
Allowance for Loan Losses		(9,412	)					(9,558	)
Loans, Net	$	899,384					$	903,314

Total unamortized net deferred loan fees were $850,000 and $926,000 at March 31, 2019 and December 31, 2018, respectively.

Real estate loans serviced for others, which are not included in the Consolidated Statement of Financial Condition, totaled $102.4 million and $99.0 million at March 31, 2019 and December 31, 2018, respectively.

13

The following table presents loans summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. At March 31, 2019 and December 31, 2018, there were no loans in the criticized category of Loss within the internal risk rating system.

	(Dollars in thousands) March 31, 2019
	Pass		Special Mention		Substandard		Doubtful		Total
Originated Loans
Real Estate:
Residential	$	237,419	$	1,048	$	860	$	-	$	239,327
Commercial		214,742		10,706		922		1,133		227,503
Construction		52,695		2,902		385		-		55,982
Commercial and Industrial		66,365		4,707		813		1,032		72,917
Consumer		116,554		-		65		-		116,619
Other		11,705		500		-		-		12,205
Total Originated Loans	$	699,480	$	19,863	$	3,045	$	2,165	$	724,553
Loans Acquired at Fair Value
Real Estate:
Residential	$	86,098	$	-	$	981	$	-	$	87,079
Commercial		67,972		7,087		474		-		75,533
Construction		3,981		-		-		-		3,981
Commercial and Industrial		10,755		-		16		-		10,771
Consumer		2,150		-		-		-		2,150
Other		4,629		100		-		-		4,729
Total Loans Acquired at Fair Value	$	175,585	$	7,187	$	1,471	$	-	$	184,243
Total Loans
Real Estate:
Residential	$	323,517	$	1,048	$	1,841	$	-	$	326,406
Commercial		282,714		17,793		1,396		1,133		303,036
Construction		56,676		2,902		385		-		59,963
Commercial and Industrial		77,120		4,707		829		1,032		83,688
Consumer		118,704		-		65		-		118,769
Other		16,334		600		-		-		16,934
Total Loans	$	875,065	$	27,050	$	4,516	$	2,165	$	908,796

14

	December 31, 2018
	Pass		Special  Mention		Substandard		Doubtful		Total
Originated Loans
Real Estate:
Residential	$	233,872	$	1,071	$	549	$	-	$	235,492
Commercial		222,279		5,301		704		1,171		229,455
Construction		43,522		2,902		400		-		46,824
Commercial and Industrial		68,553		8,618		228		1,067		78,466
Consumer		119,648		-		83		-		119,731
Other		11,623		-		-		-		11,623
Total Originated Loans	$	699,497	$	17,892	$	1,964	$	2,238	$	721,591
Loans Acquired at Fair Value
Real Estate:
Residential	$	89,490	$	851	$	936	$	-	$	91,277
Commercial		69,954		7,175		480		-		77,609
Construction		2,000		-		-		-		2,000
Commercial and Industrial		12,981		-		16		-		12,997
Consumer		2,510		-		-		-		2,510
Other		4,785		103		-		-		4,888
Total Loans Acquired at Fair Value	$	181,720	$	8,129	$	1,432	$	-	$	191,281
Total Loans
Real Estate:
Residential	$	323,362	$	1,922	$	1,485	$	-	$	326,769
Commercial		292,233		12,476		1,184		1,171		307,064
Construction		45,522		2,902		400		-		48,824
Commercial and Industrial		81,534		8,618		244		1,067		91,463
Consumer		122,158		-		83		-		122,241
Other		16,408		103		-		-		16,511
Total Loans	$	881,217	$	26,021	$	3,396	$	2,238	$	912,872

15

The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated.

	(Dollars in thousands) March 31, 2019
	Loans Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Non- Accrual		Total  Loans
Originated Loans
Real Estate:
Residential	$	236,800	$	1,362	$	62	$	64	$	1,488	$	1,039	$	239,327
Commercial		227,202		39		5		-		44		257		227,503
Construction		55,982		-		-		-		-		-		55,982
Commercial and Industrial		69,783		2,315		-		-		2,315		819		72,917
Consumer		115,595		882		19		57		958		66		116,619
Other		12,205		-		-		-		-		-		12,205
Total Originated Loans	$	717,567	$	4,598	$	86	$	121	$	4,805	$	2,181	$	724,553
Loans Acquired at Fair Value
Real Estate:
Residential	$	85,217	$	440	$	-	$	-	$	440	$	1,422	$	87,079
Commercial		75,457		76		-		-		76		-		75,533
Construction		3,981		-		-		-		-		-		3,981
Commercial and Industrial		10,691		64		-		-		64		16		10,771
Consumer		2,150		-		-		-		-		-		2,150
Other		4,729		-		-		-		-		-		4,729
Total Loans Acquired at Fair Value	$	182,225	$	580	$	-	$	-	$	580	$	1,438	$	184,243
Total Loans
Real Estate:
Residential	$	322,017	$	1,802	$	62	$	64	$	1,928	$	2,461	$	326,406
Commercial		302,659		115		5		-		120		257		303,036
Construction		59,963		-		-		-		-		-		59,963
Commercial and Industrial		80,474		2,379		-		-		2,379		835		83,688
Consumer		117,745		882		19		57		958		66		118,769
Other		16,934		-		-		-		-		-		16,934
Total Loans	$	899,792	$	5,178	$	86	$	121	$	5,385	$	3,619	$	908,796

16

	December 31, 2018
	Loans Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Non- Accrual		Total  Loans
Originated Loans
Real Estate:
Residential	$	232,967	$	1,374	$	72	$	324	$	1,770	$	755	$	235,492
Commercial		229,189		84		182		-		266		-		229,455
Construction		46,824		-		-		-		-		-		46,824
Commercial and Industrial		77,222		216		-		-		216		1,028		78,466
Consumer		118,256		1,319		70		3		1,392		83		119,731
Other		11,623		-		-		-		-		-		11,623
Total Originated Loans	$	716,081	$	2,993	$	324	$	327	$	3,644	$	1,866	$	721,591
Loans Acquired at Fair Value
Real Estate:
Residential	$	89,405	$	408	$	65	$	-	$	473	$	1,399	$	91,277
Commercial		77,532		77		-		-		77		-		77,609
Construction		2,000		-		-		-		-		-		2,000
Commercial and Industrial		12,929		52		-		-		52		16		12,997
Consumer		2,491		18		1		-		19		-		2,510
Other		4,888		-		-		-		-		-		4,888
Total Loans Acquired at Fair Value	$	189,245	$	555	$	66	$	-	$	621	$	1,415	$	191,281
Total Loans
Real Estate:
Residential	$	322,372	$	1,782	$	137	$	324	$	2,243	$	2,154	$	326,769
Commercial		306,721		161		182		-		343		-		307,064
Construction		48,824		-		-		-		-		-		48,824
Commercial and Industrial		90,151		268		-		-		268		1,044		91,463
Consumer		120,747		1,337		71		3		1,411		83		122,241
Other		16,511		-		-		-		-		-		16,511
Total Loans	$	905,326	$	3,548	$	390	$	327	$	4,265	$	3,281	$	912,872

17

The following table sets forth the amounts and categories of our nonperforming assets at the dates indicated. Included in nonperforming loans and assets are troubled debt restructurings (“TDRs”), which are loans whose contractual terms have been restructured in a manner which grants a concession to a borrower experiencing financial difficulties. Nonaccrual TDRs are included in their specific loan category in the nonaccrual loans section.

	(Dollars in Thousands)
	March 31, 2019			December 31, 2018
Nonaccrual Loans:
Originated Loans:
Real Estate:
Residential	$	1,039		$	755
Commercial		257			-
Commercial and Industrial		819			1,028
Consumer		66			83
Total Originated Nonaccrual Loans		2,181			1,866
Loans Acquired at Fair Value:
Real Estate:
Residential		1,422			1,399
Commercial and Industrial		16			16
Total Loans Acquired at Fair Value Nonaccrual Loans		1,438			1,415
Total Nonaccrual Loans		3,619			3,281
Accruing Loans Past Due 90 Days or More:
Originated Loans:
Real Estate:
Residential		64			324
Consumer		57			3
Total Originated Accruing Loans 90 Days or More Past Due		121			327
Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due		3,740			3,608
Troubled Debt Restructurings, Accruing:
Originated Loans:
Real Estate - Residential		86			26
Real Estate - Commercial		970			980
Commercial and Industrial		133			154
Total Originated Loans		1,189			1,160
Loans Acquired at Fair Value:
Real Estate - Residential		356			1,212
Real Estate - Commercial		323			333
Total Loans Acquired at Fair Value		679			1,545
Total Troubled Debt Restructurings, Accruing		1,868			2,705
Total Nonperforming Loans		5,608			6,313
Real Estate Owned:
Residential		-			46
Commercial		174			871
Total Real Estate Owned		174			917
Total Nonperforming Assets	$	5,782		$	7,230
Nonperforming Loans to Total Loans		0.62	%		0.69	%
Nonperforming Assets to Total Assets		0.44			0.56

The recorded investment of residential real estate loans for which formal foreclosure proceedings were in process according to applicable requirements of the local jurisdiction was $1.1 million and $1.4 million at March 31, 2019 and December 31, 2018, respectively.

18

TDRs typically are the result of our loss mitigation activities whereby concessions are granted to minimize loss and avoid foreclosure or repossession of collateral. The concessions granted for the TDRs in the portfolio primarily consist of, but are not limited to, modification of payment or other terms, temporary rate modification and extension of maturity date. Loans classified as TDRs consisted of 12 loans totaling $2.8 million and $3.6 million at March 31, 2019 and December 31, 2018, respectively. Originated loans classified as TDRs consisted of seven loans totaling $2.1 million and six loans totaling $2.1 million at March 31, 2019 and December 31, 2018, respectively. Loans acquired at fair value classified as TDRs consisted of five loans totaling $679,000 and six loans totaling $1.5 million at March 31, 2019 and December 31, 2018, respectively.

During the three months ended March 31, 2019, one residential real estate loan previously identified as an acquired loan at fair value TDR paid off.

During the three months ended March 31, 2019, one originated residential real estate loan modified in a TDR transaction by extending the term of the loan. During the three months ended March 31, 2018, one originated commercial and industrial TDR loan was fully charged-off due to declining updated financial information, one originated consumer loan previously identified as a TDR paid off and one commercial and industrial loan previously identified as an acquired loan at fair value paid off.

No TDRs subsequently defaulted during the three months ended March 31, 2019.

The following table presents information at the time of modification related to loans modified in a TDR during the three months ended March 31, 2019.

	(Dollars in thousands) Three Months Ended March 31, 2019
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Related Allowance
Originated Loans
Real Estate
Residential		1	$	61	$	61	$	-
Total		1	$	61	$	61	$	-

19

The following table presents a summary of the loans considered to be impaired as of the dates indicated.

	(Dollars in thousands) March 31, 2019
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Originated Loans
Real Estate:
Residential	$	150	$	-	$	153	$	155	$	2
Commercial		1,747		-		1,755		1,768		20
Construction		385		-		385		392		6
Commercial and Industrial		946		-		947		985		12
Total With No Related Allowance Recorded	$	3,228	$	-	$	3,240	$	3,300	$	40
Loans Acquired at Fair Value
Real Estate:
Residential	$	356	$	-	$	356	$	358	$	4
Commercial		2,441		-		2,441		2,454		35
Total With No Related Allowance Recorded	$	2,797	$	-	$	2,797	$	2,812	$	39
Total Loans
Real Estate:
Residential	$	506	$	-	$	509	$	513	$	6
Commercial		4,188		-		4,196		4,222		55
Construction		385		-		385		392		6
Commercial and Industrial		946		-		947		985		12
Other		-		-		-		-		-
Total With No Related Allowance Recorded	$	6,025	$	-	$	6,037	$	6,112	$	79
With A Related Allowance Recorded:
Originated Loans
Real Estate:
Commercial	$	653	$	193	$	653	$	664	$	9
Commercial and Industrial		1,032		777		1,148		1,160		16
Total With A Related Allowance Recorded	$	1,685	$	970	$	1,801	$	1,824	$	25
Loans Acquired at Fair Value
Real Estate:
Commercial	$	41	$	6	$	42	$	43	$	1
Commercial and Industrial		16		7		16		16		-
Total With A Related Allowance Recorded	$	57	$	13	$	58	$	59	$	1
Total Loans
Real Estate:
Commercial	$	694	$	199	$	695	$	707	$	10
Commercial and Industrial		1,048		784		1,164		1,176		16
Total With A Related Allowance Recorded	$	1,742	$	983	$	1,859	$	1,883	$	26

20

	March 31, 2019 (cont.)
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Total Impaired Loans:
Originated Loans
Real Estate:
Residential	$	150	$	-	$	153	$	155	$	2
Commercial		2,400		193		2,408		2,432		29
Construction		385		-		385		392		6
Commercial and Industrial		1,978		777		2,095		2,145		28
Other		-		-		-		-		-
Total Impaired Loans	$	4,913	$	970	$	5,041	$	5,124	$	65
Loans Acquired at Fair Value
Real Estate:
Residential	$	356	$	-	$	356	$	358	$	4
Commercial		2,482		6		2,483		2,497		36
Construction		-		-		-		-		-
Commercial and Industrial		16		7		16		16		-
Other		-		-		-		-		-
Total Impaired Loans	$	2,854	$	13	$	2,855	$	2,871	$	40
Total Loans
Real Estate:
Residential	$	506	$	-	$	509	$	513	$	6
Commercial		4,882		199		4,891		4,929		65
Construction		385		-		385		392		6
Commercial and Industrial		1,994		784		2,111		2,161		28
Other		-		-		-		-		-
Total Impaired Loans	$	7,767	$	983	$	7,896	$	7,995	$	105

21

	December 31, 2018
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Originated Loans
Real Estate:
Residential	$	71	$	-	$	74	$	82	$	4
Commercial		1,550		-		1,550		1,626		74
Construction		400		-		400		466		25
Commercial and Industrial		382		-		394		403		5
Total With No Related Allowance Recorded	$	2,403	$	-	$	2,418	$	2,577	$	108
Loans Acquired at Fair Value
Real Estate:
Residential	$	1,212	$	-	$	1,212	$	1,234	$	63
Commercial		2,466		-		2,466		1,868		123
Total With No Related Allowance Recorded	$	3,678	$	-	$	3,678	$	3,102	$	186
Total Loans
Real Estate:
Residential	$	1,283	$	-	$	1,286	$	1,316	$	67
Commercial		4,016		-		4,016		3,494		197
Construction		400		-		400		466		25
Commercial and Industrial		382		-		394		403		5
Total With No Related Allowance Recorded	$	6,081	$	-	$	6,096	$	5,679	$	294
With A Related Allowance Recorded:
Originated Loans
Real Estate:
Commercial	$	674	$	211	$	674	$	716	$	40
Commercial and Industrial		1,066		787		1,171		1,193		63
Total With A Related Allowance Recorded	$	1,740	$	998	$	1,845	$	1,909	$	103
Loans Acquired at Fair Value
Real Estate:
Commercial	$	44	$	8	$	44	$	29	$	3
Commercial and Industrial		16		6		16		16		-
Total With A Related Allowance Recorded	$	60	$	14	$	60	$	45	$	3
Total Loans
Real Estate:
Commercial	$	718	$	219	$	718	$	745	$	43
Commercial and Industrial		1,082		793		1,187		1,209		63
Total With A Related Allowance Recorded	$	1,800	$	1,012	$	1,905	$	1,954	$	106

22

	December 31, 2018 (cont.)
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Total Impaired Loans
Originated Loans
Real Estate:
Residential	$	71	$	-	$	74	$	82	$	4
Commercial		2,224		211		2,224		2,342		114
Construction		400		-		400		466		25
Commercial and Industrial		1,448		787		1,565		1,596		68
Total Impaired Loans	$	4,143	$	998	$	4,263	$	4,486	$	211
Loans Acquired at Fair Value
Real Estate:
Residential	$	1,212	$	-	$	1,212	$	1,234	$	63
Commercial		2,510		8		2,510		1,897		126
Commercial and Industrial		16		6		16		16		-
Total Impaired Loans	$	3,738	$	14	$	3,738	$	3,147	$	189
Total Loans
Real Estate:
Residential	$	1,283	$	-	$	1,286	$	1,316	$	67
Commercial		4,734		219		4,734		4,239		240
Construction		400		-		400		466		25
Commercial and Industrial		1,464		793		1,581		1,612		68
Total Impaired Loans	$	7,881	$	1,012	$	8,001	$	7,633	$	400

23

The following table presents the activity in the allowance for loan losses summarized by major classifications and segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for potential impairment at the dates and for the periods indicated.

	(Dollars in thousands) March 31, 2019
	Real Estate Residential		Real Estate Commercial			Real Estate Construction		Commercial and Industrial			Consumer			Other		Unallocated		Total
Originated Loans
December 31, 2018	$	1,050	$	2,217		$	395	$	2,698		$	2,027		$	-	$	555	$	8,942
Charge-offs		-		-			-		-			(212	)		-		-		(212	)
Recoveries		4		12			-		1			21			-		-		38
Provision		100		(102	)		105		(231	)		(103	)		-		256		25
March 31, 2019	$	1,154	$	2,127		$	500	$	2,468		$	1,733		$	-	$	811	$	8,793
Loans Acquired at Fair Value
December 31, 2018	$	-	$	476		$	-	$	109		$	-		$	-	$	31	$	616
Charge-offs		-		-			-		-			(1	)		-		-		(1	)
Recoveries		-		1			-		-			3			-		-		4
Provision		-		(54	)		-		(24	)		(2	)		-		80		-
March 31, 2019	$	-	$	423		$	-	$	85		$	-		$	-	$	111	$	619
Total Allowance for Loan Losses
December 31, 2018	$	1,050	$	2,693		$	395	$	2,807		$	2,027		$	-	$	586	$	9,558
Charge-offs		-		-			-		-			(213	)		-		-		(213	)
Recoveries		4		13			-		1			24			-		-		42
Provision		100		(156	)		105		(255	)		(105	)		-		336		25
March 31, 2019	$	1,154	$	2,550		$	500	$	2,553		$	1,733		$	-	$	922	$	9,412

	March 31, 2019
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	193	$	-	$	777	$	-	$	-	$	-	$	970
Collectively Evaluated for Potential Impairment	$	1,154	$	1,934	$	500	$	1,691	$	1,733	$	-	$	811	$	7,823
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	6	$	-	$	7	$	-	$	-	$	-	$	13
Collectively Evaluated for Potential Impairment	$	-	$	417	$	-	$	78	$	-	$	-	$	111	$	606
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	199	$	-	$	784	$	-	$	-	$	-	$	983
Collectively Evaluated for Potential Impairment	$	1,154	$	2,351	$	500	$	1,769	$	1,733	$	-	$	922	$	8,429

	December 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	211	$	-	$	787	$	-	$	-	$	-	$	998
Collectively Evaluated for Potential Impairment	$	1,050	$	2,006	$	395	$	1,911	$	2,027	$	-	$	555	$	7,944
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	8	$	-	$	6	$	-	$	-	$	-	$	14
Collectively Evaluated for Potential Impairment	$	-	$	468	$	-	$	103	$	-	$	-	$	31	$	602
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	219	$	-	$	793	$	-	$	-	$	-	$	1,012
Collectively Evaluated for Potential Impairment	$	1,050	$	2,474	$	395	$	2,014	$	2,027	$	-	$	586	$	8,546

24

	March 31, 2018
	Real Estate Residential			Real Estate Commercial			Real Estate Construction			Commercial and Industrial			Consumer			Other		Unallocated			Total
Originated Loans
December 31, 2017	$	891		$	1,799		$	276		$	2,461		$	2,358		$	-	$	430		$	8,215
Charge-offs		(27	)		-			-			(1,398	)		(141	)		-		-			(1,566	)
Recoveries		4			-			-			2			45			-		-			51
Provision		7			407			(120	)		1,706			(106	)		-		(394	)		1,500
March 31, 2018	$	875		$	2,206		$	156		$	2,771		$	2,156		$	-	$	36		$	8,200
Loans Acquired at Fair Value
December 31, 2017	$	-		$	490		$	-		$	83		$	-		$	-	$	8		$	581
Charge-offs		-			-			-			-			-			-		-			-
Recoveries		1			114			-			-			-			-		-			115
Provision		(1	)		(117	)		-			84			-			-		34			-
March 31, 2018	$	-		$	487		$	-		$	167		$	-		$	-	$	42		$	696
Total Allowance for Loan Losses
December 31, 2017	$	891		$	2,289		$	276		$	2,544		$	2,358		$	-	$	438		$	8,796
Charge-offs		(27	)		-			-			(1,398	)		(141	)		-		-			(1,566	)
Recoveries		5			114			-			2			45			-		-			166
Provision		6			290			(120	)		1,790			(106	)		-		(360	)		1,500
March 31, 2018	$	875		$	2,693		$	156		$	2,938		$	2,156		$	-	$	78		$	8,896

	March 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	351	$	-	$	1,264	$	-	$	-	$	-	$	1,615
Collectively Evaluated for Potential Impairment	$	875	$	1,855	$	156	$	1,507	$	2,156	$	-	$	36	$	6,585
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	-	$	-	$	3	$	-	$	-	$	-	$	3
Collectively Evaluated for Potential Impairment	$	-	$	487	$	-	$	164	$	-	$	-	$	42	$	693
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	351	$	-	$	1,267	$	-	$	-	$	-	$	1,618
Collectively Evaluated for Potential Impairment	$	875	$	2,342	$	156	$	1,671	$	2,156	$	-	$	78	$	7,278

25

The following table presents changes in the accretable discount on the loans acquired at fair value for the dates indicated (dollars in thousands).

	Accretable Discount
Balance at December 31, 2018	$	1,912
Accretable Yield		(60	)
Balance at March 31, 2019	$	1,852

The following table presents the major classifications of loans summarized by individually evaluated for impairment and collectively evaluated for potential impairment as of the dates indicated.

	(Dollars in thousands) March 31, 2019
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Total
Originated Loans
Individually Evaluated for Impairment	$	150	$	2,400	$	385	$	1,978	$	-	$	-	$	4,913
Collectively Evaluated for Potential Impairment		239,177		225,103		55,597		70,939		116,619		12,205		719,640
	$	239,327	$	227,503	$	55,982	$	72,917	$	116,619	$	12,205	$	724,553
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	356	$	2,482	$	-	$	16	$	-	$	-	$	2,854
Collectively Evaluated for Potential Impairment		86,723		73,051		3,981		10,755		2,150		4,729		181,389
	$	87,079	$	75,533	$	3,981	$	10,771	$	2,150	$	4,729	$	184,243
Total Loans
Individually Evaluated for Impairment	$	506	$	4,882	$	385	$	1,994	$	-	$	-	$	7,767
Collectively Evaluated for Potential Impairment		325,900		298,154		59,578		81,694		118,769		16,934		901,029
	$	326,406	$	303,036	$	59,963	$	83,688	$	118,769	$	16,934	$	908,796

	December 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Total
Originated Loans
Individually Evaluated for Impairment	$	71	$	2,224	$	400	$	1,448	$	-	$	-	$	4,143
Collectively Evaluated for Potential Impairment		235,421		227,231		46,424		77,018		119,731		11,623		717,448
	$	235,492	$	229,455	$	46,824	$	78,466	$	119,731	$	11,623	$	721,591
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	1,212	$	2,510	$	-	$	16	$	-	$	-	$	3,738
Collectively Evaluated for Potential Impairment		90,065		75,099		2,000		12,981		2,510		4,888		187,543
	$	91,277	$	77,609	$	2,000	$	12,997	$	2,510	$	4,888	$	191,281
Total Loans
Individually Evaluated for Impairment	$	1,283	$	4,734	$	400	$	1,464	$	-	$	-	$	7,881
Collectively Evaluated for Potential Impairment		325,486		302,330		48,424		89,999		122,241		16,511		904,991
	$	326,769	$	307,064	$	48,824	$	91,463	$	122,241	$	16,511	$	912,872

26

Note 7. Leases

The Company evaluates all contracts at commencement to determine if a lease is present. The Company adopted ASC 842 using the prospective method approach to all identified lease contracts or agreements, which permits us not to restate comparative periods. The current period adoption also recognized the use of a number of practical measures that permitted the Company not to reevaluate prior assumptions regarding the identification and classification of leases. In accordance with ASC 842, leases are defined as either operating or finance leases.

The Company identified 12 lease contracts as of ASC 842 adoption date, January 1, 2019. All lease contracts were classified as operating leases and created operating right-of-use, (“ROU”) assets and corresponding lease liabilities on the balance sheet. The leases are ROU assets of land and building for branch and loan production locations. These ROU assets are reported on the accrued interest and other assets line and the related lease liabilities on the accrued interest and other liabilities line on the Statement of Financial Condition.

The following tables present the ROU assets, lease expense, weighted average term, discount rate and maturity analysis of lease liabilities for operating leases at the date indicated.

(dollars in thousands, except weighted-averages)	March 31, 2019
Operating Lease Expense	$	123
Operating Leases
ROU Assets	$	1,888
Operating Cash Flows		115
Weighted Average Lease Term
Operating Leases		7.51
Weighted Average Discount Rate
Operating Leases		0.33	%

(dollars in thousands)	March 31, 2019
Maturity Analysis
2019	$	503
2020		420
2021		309
2022		144
2023		66
2024 and thereafter		446
Total	$	1,888
Less: Present Value Discount		34
Lease Liabilities	$	1,854

Note 8. Deposits

The following table shows the maturities of time deposits for the next five years and beyond at the date indicated (dollars in thousands).

Maturity Period:	March 31, 2019
One Year or Less	$	88,128
Over One Through Two Years		52,156
Over Two Through Three Years		20,653
Over Three Through Four Years		41,368
Over Four Through Five Years		10,031
Over Five Years		5,844
Total	$	218,180

The balance in time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $70.0 million and $68.0 million as of March 31, 2019 and December 31, 2018, respectively.

27

Note 9. Short-Term Borrowings

The following table sets forth the components of short-term borrowings as of the dates indicated.

	(Dollars in thousands)
	March 31, 2019					December 31, 2018
	Amount		Weighted Average Rate			Amount		Weighted Average Rate
Short-term Borrowings
Federal Funds Purchased:
Average Balance Outstanding During the Period	$	-		-	%	$	37		2.70	%
Maximum Amount Outstanding at any Month End		-					1,500
FHLB Borrowings:
Balance at Period End		-		-			-		-
Average Balance Outstanding During the Period		-		-			19,726		1.86
Maximum Amount Outstanding at any Month End		-					98,960
Securities Sold Under Agreements to Repurchase:
Balance at Period End		30,689		0.55			30,979		0.54
Average Balance Outstanding During the Period		32,204		0.58			29,300		0.53
Maximum Amount Outstanding at any Month End		34,197					35,661
Securities Collaterizing the Agreements at Period-End:
Carrying Value		47,691					48,131
Market Value		47,414					47,083

Note 10. Other Borrowed Funds

Other borrowed funds consist of fixed rate advances from the Federal Home Loan Bank of Pittsburgh (“FHLB”). The following table sets forth the scheduled maturities of other borrowed funds at the dates indicated.

	(Dollars in thousands)
	March 31, 2019					December 31, 2018
	Amount		Weighted Average Rate			Amount		Weighted Average Rate
Due in One Year	$	6,000		1.88	%	$	6,000		1.78	%
Due After One Year to Two Years		5,000		2.09			6,000		1.97
Due After Two Years to Three Years		3,000		2.23			5,000		2.18
Due After Three Years to Four Years		3,000		2.41			3,000		2.41
Due After Four Years to Five Years		-		-			-		-
Total	$	17,000		2.09		$	20,000		2.03

As of March 31, 2019, the Company maintained a credit arrangement with a maximum borrowing limit of approximately $373.5 million with the FHLB. This arrangement is subject to annual renewal, incurs no service charge, and is secured by a blanket security agreement on outstanding residential mortgage loans and the Company’s investment in FHLB stock. Under this arrangement the Company had available a variable rate Line of Credit in the amount of $147.0 million as of March 31, 2019 and December 31, 2018, respectively, of which, there was no outstanding balance as of March 31, 2019 and December 31, 2018.

The Company maintains a Borrower-In-Custody of Collateral line of credit agreement with the Federal Reserve Bank (“FRB”) for $107.0 million that requires monthly certification of collateral, is subject to annual renewal, incurs no service charge and is secured by commercial and consumer indirect auto loans. The Company also maintains multiple line of credit arrangements with various unaffiliated banks totaling $60.0 million as of March 31, 2019, and December 31, 2018, respectively. As of March 31, 2019 and December 31, 2018, no draws had been taken on these facilities.

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Note 11. Commitments and Contingent Liabilities

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business primarily to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and performance letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Statement of Financial Condition. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and performance letters of credit written is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments.

Commitments and conditional obligations are evaluated the same as on-balance-sheet instruments but do not have a corresponding reserve recorded. The Company’s opinion on not implementing a corresponding reserve for off-balance-sheet instruments is supported by historical factors of no losses recorded due to these items. The Company is continually evaluating these items for credit quality and any future need for the corresponding reserve.

The following table presents the unused and available credit balances of financial instruments whose contracts represent credit risk at the dates indicated.

	(Dollars in thousands)
	March 31, 2019		December 31, 2018
Standby Letters of Credit	$	38,065	$	37,559
Performance Letters of Credit		3,309		3,544
Commitments to Extend Credit		2,782		2,783
Construction Mortgages		47,839		56,691
Personal Lines of Credit		6,575		6,186
Overdraft Protection Lines		6,315		6,140
Home Equity Lines of Credit		21,554		21,520
Commercial Lines of Credit		82,169		74,602
	$	208,608	$	209,025

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties.

Performance letters of credit represent conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These instruments are issued primarily to support bid or performance-related contracts. The coverage period for these instruments is typically a one-year period with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized upon expiration of the letter. For secured letters of credit, the collateral is typically Company deposit instruments or customer business assets.

Note 12. Fair Value Disclosure

FASB ASC 820 “Fair Value Measurement” defines fair value and provides the framework for measuring fair value and required disclosures about fair value measurements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability at the transaction date. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used in valuation methods to determine fair value.

The three levels of fair value hierarchy are as follows:

Level I – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets. These generally provide the most reliable evidence and are used to measure fair value whenever available.

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Level II – Fair value is based on significant inputs, other than Level I inputs, that are observable either directly or indirectly for substantially the full term of the asset through corroboration with observable market data. Level II inputs include quoted market prices in active markets for similar assets, quoted market prices in markets that are not active for identical or similar assets, and other observable inputs.

Level III – Fair value would be based on significant unobservable inputs. Examples of valuation methodologies that would result in Level III classification include option pricing models, discounted cash flows, and other similar techniques.

This hierarchy requires the use of observable market data when available. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement.

The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statement of Financial Condition as of the dates indicated, by level within the fair value hierarchy. The majority of the Company’s securities are included in Level II of the fair value hierarchy. Fair values for Level II securities were primarily determined by a third party pricing service using both quoted prices for similar assets, when available, and model-based valuation techniques that derive fair value based on market-corroborated data, such as instruments with similar prepayment speeds and default interest rates. The standard inputs that are normally used include benchmark yields of like securities, reportable trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. There were no transfers from Level I to Level II and no transfers into or out of Level III during the three months ended March 31, 2019 or year ended December 31, 2018.

		(Dollars in thousands)
	Fair Value Hierarchy	March 31, 2019		December 31, 2018
Available for Sales Securities:
U.S. Government Agencies	Level II	$	81,903	$	80,579
Obligations of States and Political Subdivisions	Level II		33,907		44,601
Mortgage-Backed Securities - Government-Sponsored Enterprises	Level II		106,367		97,771
Equity Securities - Mutual Funds	Level I		980		968
Equity Securities - Other	Level I		1,516		1,490
Total Available for Sale Securities		$	224,673	$	225,409

The following table presents the financial assets measured at fair value on a nonrecurring basis on the Consolidated Statement of Financial Condition as of the dates indicated by level within the fair value hierarchy. The table also presents the significant unobservable inputs used in the fair value measurements. Impaired loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include quoted market prices for identical assets classified as Level I inputs or observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs.

(Dollars in thousands)

Fair Value at

Significant

Fair Value

March 31,

December 31,

Valuation

Significant

Unobservable

Financial Asset

Hierarchy

2019

2018

Techniques

Unobservable Inputs

Input Value

Impaired Loans

Level III

$

759

$

788

Market Comparable Properties

Marketability Discount

10%

to

30%

(1)

OREO

Level III

-

46

Market Comparable Properties

Marketability Discount

10%

to

50%

(1)

⁽¹⁾ Range includes discounts taken since appraisal and estimated values.

Impaired loans are evaluated when a loan is identified as impaired and valued at the lower of cost or fair value at that time. Fair value is measured based on the value of the collateral securing these loans and is classified as Level III in the fair value hierarchy. At March 31, 2019 and December 31, 2018, the fair value of impaired loans consists of the loan balances of $1.7 million and $1.8 million, respectively, less their specific valuation allowances of $983,000 and $1.0 million, respectively.

Other real estate owned (OREO) properties are evaluated at the time of acquisition and recorded at fair value, less estimated selling costs. After acquisition, other real estate owned is recorded at the lower of cost or fair value, less estimated selling costs. The fair value of an other real estate owned property is determined from a qualified independent appraisal and is classified as Level III in the fair value hierarchy. During the three months ended March 31, 2019, one commercial real estate OREO property with a fair value of $697,000 and that was acquired with the FWVB merger, was sold at a $33,000 gain and one OREO property, with a fair value of $46,000 and that was acquired in the merger with FedFirst Financial Corporation, was sold for a $3,000 loss. During the three months ended March 31, 2018, one residential real estate OREO property was sold at a gain of $12,000.

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Financial instruments are defined as cash, evidence of an ownership in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second entity on potentially favorable or unfavorable terms.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If no readily available market exists, the fair value estimates for financial instruments should be based upon management’s judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses and other factors, as determined through various option pricing formulas or simulation modeling. As many of these assumptions result from judgments made by management based upon estimates which are inherently uncertain, the resulting estimated fair values may not be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in the assumptions on which the estimated fair values are based may have significant impact on the resulting estimated fair values.

As certain assets such as deferred tax assets and premises and equipment are not considered financial instruments, the estimated fair value of financial instruments would not represent the full value of the Company.

The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated.

		(Dollars in thousands)
		March 31, 2019				December 31, 2018
	Fair Value Hierarchy	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and Due From Banks:
Interest Bearing	Level I	$	54,245	$	54,245	$	36,736	$	36,736
Non-Interest Bearing	Level I		22,094		22,094		16,617		16,617
Investment Securities:
Available for Sale	See Above		224,673		224,673		225,409		225,409
Loans, Net	Level III		899,384		900,946		903,314		899,673
Restricted Stock	Level II		3,854		3,854		3,909		3,909
Bank-Owned Life Insurance	Level II		23,054		23,054		22,922		22,922
Accrued Interest Receivable	Level II		3,674		3,674		3,436		3,436
Financial Liabilities:
Deposits	Level II		1,105,465		1,106,354		1,086,658		1,085,708
Short-term Borrowings	Level II		30,689		30,689		30,979		30,979
Other Borrowed Funds	Level II		17,000		16,853		20,000		19,733
Accrued Interest Payable	Level II		770		770		594		594

Note 13. Income Taxes

Due to the FWVB merger, deferred tax assets (“DTA”) were acquired and deferred tax liabilities (“DTL”) were assumed at April 30, 2018. These DTA’s and DTL’s were evaluated by management and the deferred taxes that were deemed obsolete due to the fair value measurement of assets and liabilities at the time of merger were charged against goodwill. In addition, the fair value adjustments that were provided by third party valuation specialists, were tax effected at the federal statutory rate of 21%. The West Virginia (“WV”) state tax effect of 6.5% times the appropriate WV state apportionment according to state revenue laws regarding nexus has been applied. Presented in the table below are the tax effects of deductible and taxable temporary differences that gave rise to significant portions of the net deferred tax assets and liabilities. The net change in deferred taxes is recorded in the accrued interest and other assets lines on the balance sheet.

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	(Dollars in thousands)
	March 31, 2019			December 31, 2018
Deferred Tax Assets:
Allowance for Loan Losses	$	2,031		$	2,063
Amortization of Core Deposit Intangible		-			1
Amortization of Intangibles		74			72
Tax Credit Carryforwards		1,418			2,010
Unrealized Loss of AFS - Merger Tax Adjustment		894			894
Postretirement Benefits		28			30
Net Unrealized Loss on Securities		-			383
Passthrough Entities		2			2
Stock-Based Compensation Expense		36			28
Accrued Payroll		32			44
OREO		49			121
Purchase Accounting Adjustments - Acquired Loans		396			413
Deferred Compensation		-			55
Other		84			67
Gross Deferred Tax Assets		5,044			6,183
100% Valuation Allowance - AMT Tax Credit Carryforward (1)		(1,311	)		(1,311	)
Deferred Tax Assets net of Valuation Allowance		3,733			4,872
Deferred Tax Liabilities:
Deferred Origination Fees and Costs		293			292
Depreciation		689			714
Net Unrealized Gain on Securities		251			-
Mortgage Servicing Rights		207			198
Purchase Accounting Adjustment - Core Deposit Intangible		2,256			2,361
Purchase Accounting Adjustments - Fixed Assets		310			321
Purchase Accounting Adjustments - Certificates of Deposit		135			175
Goodwill		415			412
Gross Deferred Tax Liabilities		4,556			4,473
Net Deferred Tax (Liabilities) Assets	$	(823	)	$	399

(1) The 100% valuation allowance for AMT tax credit carry-forward acquired in the FWVB merger is due to an unaddressed tax deadline as of March 31, 2019. See below narrative for further explanation.

While the Tax Cuts and Jobs Act (“Tax Act”) was the first major overhaul of the Internal Revenue Code in the last 30 years, it has many items that are left unaddressed once certain tax deadlines pass and no formal regulations are known as of March 31, 2019. One of these unaddressed tax deadlines is the expiration of the AMT credit carry-forward after the 2021 tax year. Pre – Tax Act regulations allowed for AMT credits to carry-forward infinitely. It has been determined that an AMT credit carry-forward of approximately $1.3 million, acquired in the FWVB merger on April 30, 2018, is in an uncertain tax position (“UTP”) and in accordance with FIN 48 – Accounting for Uncertain Tax Positions under ASC Topic 740, a valuation allowance has been established for the AMT credit completely offsetting the deferred tax asset balance of $1.3 million against goodwill. This is in accordance with ASC Topic 805 – Business Combinations, due to the AMT credit carry-forward being realized under current tax law and minimal possibility of utilization as of the 2021 tax year, deemed to have no current value and offset into goodwill as a purchase accounting adjustment.

No other valuation allowance was established against the remaining deferred tax assets in view of the Company’s cumulative history of earnings and anticipated future taxable income as evidenced by the Company’s earnings potential at March 31, 2019 and December 31, 2018.

Deferred taxes at March 31, 2019 and December 31, 2018, are included in other assets in the accompanying Consolidated Statement of Financial Condition.

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Note 14. Other Noninterest Expense

The details of other noninterest expense for the Company’s consolidated statement of income for the three months ended March 31, 2019 and 2018, are as follows:

	(Dollars in thousands)
	Three Months Ended March 31,
	2019		2018
Other Noninterest Expense
Non-employee compensation	$	140	$	122
Printing and supplies		97		108
Postage		72		58
Telephone		143		112
Charitable contributions		41		29
Dues and subscriptions		52		66
Loan expenses		82		93
Meals and entertainment		55		34
Travel		35		38
Training		9		13
Miscellaneous		281		192
Total Other Noninterest Expense	$	1,007	$	865

Note 15. Segment and Related Information

At March 31, 2019, the Company’s business activities are comprised of two operating segments, which are community banking and insurance brokerage services. CB Financial Services, Inc. is the parent company of the Bank and Exchange Underwriters, a wholly-owned subsidiary of the Bank. Exchange Underwriters has an independent board of directors from the Company and is managed separately from the banking and related financial services that the Company offers. Exchange Underwriters is an independent insurance agency that offers property casualty, commercial liability, surety and other insurance products.

33

The following is a table of selected financial data for the Company’s subsidiaries and consolidated results at the dates and for the periods indicated.

(Dollars in thousands)	Community Bank		Exchange Underwriters, Inc.		CB Financial Services, Inc.			Net Eliminations			Consolidated
March 31, 2019
Assets	$	1,301,046	$	3,226	$	141,311		$	(142,990	)	$	1,302,593
Liabilities		1,162,839		834		(418	)		(2,391	)		1,160,864
Stockholders' equity		138,207		2,392		141,729			(140,599	)		141,729
December 31, 2018
Assets	$	1,278,513	$	5,155	$	137,908		$	(140,275	)	$	1,281,301
Liabilities		1,144,293		2,445		282			(3,344	)		1,143,676
Stockholders' equity		134,220		2,710		137,626			(136,931	)		137,625
Three Months Ended March 31, 2019
Total interest income	$	12,282	$	-	$	14					$	12,296
Total interest expense		1,862		-		-						1,862
Net interest income		10,420		-		14			-			10,434
Provision for loan losses		25		-		-			-			25
Net interest income after provision for loan losses		10,395		-		14			-			10,409
Noninterest income		2,307		1,149		8			(1,149	)		2,315
Noninterest expense		9,078		996		3			(996	)		9,081
Income before income tax expense (benefit)		3,624		153		19			(153	)		3,643
Income tax expense (benefit)		717		35		1			(35	)		718
Net income of CB Financial Services Inc.	$	2,907	$	118	$	18		$	(118	)	$	2,925
Three Months Ended March 31, 2018
Total interest income	$	8,696	$	-	$	11		$	-		$	8,707
Total interest expense		1,099		-		-			-			1,099
Net interest income		7,597		-		11			-			7,608
Provision for loan losses		1,500		-		-						1,500
Net interest income after provision for loan losses		6,097		-		11			-			6,108
Noninterest income		2,103		928		(17	)		(928	)		2,086
Noninterest expense		6,642		682		25			(682	)		6,667
Income before income tax expense (benefit)		1,558		246		(31	)		(246	)		1,527
Income tax expense (benefit)		175		54		(8	)		(54	)		167
Net income of CB Financial Services Inc.	$	1,383	$	192	$	(23	)	$	(192	)	$	1,360

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This discussion should be read in conjunction with the unaudited consolidated financial statements, notes and tables included in this report. For further information, refer to the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.

Forward-Looking Statements

This report contains certain “forward-looking statements” within the meaning of the federal securities laws. These statements are not historical facts, but rather statements based on the Company’s current expectations regarding its business strategies, intended results and future performance. Forward-looking statements are preceded by terms such as “expects,” “believes,” “anticipates,” “intends” and similar expressions. Management’s ability to predict results or the effect of future plans or strategies is inherently uncertain. Factors which could affect actual results include, but are not limited to, the following:

· General and local economic conditions;

· Changes in interest rates, deposit flows, demand for loans, real estate values and competition;

· Competitive products and pricing;

· The ability of our customers to make scheduled loan payments;

· Loan delinquency rates;

· Our ability to manage the risks involved in our business;

· Our ability to integrate the operations of businesses we acquire;

· Inflation, market and monetary fluctuations;

· Our ability to control costs and expenses;

· Changes in federal and state legislation and regulation applicable to our business; and

· Other factors disclosed in the Company’s periodic filings with the Securities and Exchange Commission.

34

The Company uses the current statutory federal income tax rate of 21.0% to value its deferred tax assets and liabilities. In addition, all deferred tax assets and liabilities including deferred tax assets and liabilities that were retained from the FWVB merger have been tax effected at the WV state income tax rate of 6.5% times the appropriate WV state apportionment according to state revenue laws regarding nexus.

The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation.

General

CB Financial Services, Inc. is a bank holding company established in 2006 and headquartered in Carmichaels, Pennsylvania. CB Financial’s business activities are conducted primarily through its wholly owned banking subsidiary Community Bank.

The Bank is a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank operates from sixteen offices in Greene, Allegheny, Washington, Fayette and Westmoreland Counties in southwestern Pennsylvania, seven offices in Brooke, Marshall, Ohio, Upshur and Wetzel Counties in West Virginia, and one office in Belmont County in Ohio. The Bank is a community-oriented institution offering residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. Property and casualty, commercial liability, surety and other insurance products are offered through Exchange Underwriters, Inc., the Bank’s wholly-owned subsidiary that is a full-service, independent insurance agency.

On April 30, 2018, the Company completed its merger with FWVB. For additional information regarding the merger, refer to Note 2 in the Notes to Consolidated Financial Statements.

On August 1, 2018, the Bank’s insurance subsidiary, Exchange Underwriters, completed its acquisition of the Beynon Insurance customer list.

Overview

The following discussion and analysis is presented to assist in the understanding and evaluation of our consolidated financial condition and results of operations. It is intended to complement the unaudited consolidated financial statements and notes thereto appearing elsewhere in this Form 10-Q and should be read in conjunction therewith. The detailed discussion focuses on our consolidated financial condition as of March 31, 2019, compared to the financial condition as of December 31, 2018 and the consolidated results of operations for the three months ended March 31, 2019 and 2018.

Our results of operations depend primarily on our net interest income. Net interest income is the difference between the interest income we earn on our interest-earning assets and the interest we pay on our interest-bearing liabilities. Our results of operations also are affected by our provisions for loan losses, noninterest income and noninterest expense. Noninterest income consists primarily of fees and service charges on deposit accounts, fees and charges on loans, insurance commissions, income from bank-owned life insurance and other income. Noninterest expense consists primarily of expenses related to salaries and employee benefits, occupancy and equipment, contracted services, legal fees, other real estate owned, advertising and promotion, stationery and supplies, deposit and general insurance and other expenses.

Financial institutions like us, in general, are significantly affected by economic conditions, competition, and the monetary and fiscal policies of the federal government. Lending activities are influenced by the demand for and supply of housing, competition among lenders, interest rate conditions, and funds availability. Our operations and lending are principally concentrated in southwestern Pennsylvania and Ohio Valley market areas.

Statement of Financial Condition Analysis

Assets. Total assets increased $21.3 million, or 1.7%, to remain at approximately $1.3 billion at March 31, 2019 and December 31, 2018.

Cash and due from banks increased $23.0 million, or 43.1%, to $76.3 million at March 31, 2019, compared to $53.4 million at December 31, 2018. This is primarily the result of deposit growth.

Investment securities classified as available-for-sale decreased $736,000, or 0.3%, to $224.7 million at March 31, 2019, compared to $225.4 million at December 31, 2018. This decrease was primarily the result of security calls and paydowns in the current quarter of approximately $3.8 million, mainly offset by an increase in the unrealized gain on securities of approximately $3.0 million. The increase in unrealized gain on securities is mainly due to the market and interest rate decreases.

35

Loans, net, decreased $3.9 million, or 0.4%, to $899.4 million at March 31, 2019, compared to $903.3 million at December 31, 2018. Net loan paydowns and net loan prepayments of $7.8 million for commercial and industrial loans, $4.0 million in commercial real estate loans, $3.5 million for consumer loans and $3.9 million of sold residential mortgage loans to the FHLB Mortgage Partnership Finance ® (“MPF®”) program, offset net loan originations of $11.1 million in construction loans, $3.5 million in residential mortgage loans, and $423,000 in other loans. Loan reclassifications of $21.7 million resulted in adjustments to the balances of loan segments at December 31, 2018. The loan reclassification occurred as of the three months ended March 31, 2019. This was due to a review of the commercial and industrial loan segment that had identified the reclassified loans as term loans and revolving lines of credit even though they were partially or primarily collateralized by commercial real estate and residential real estate.

Premises and equipment, net, decreased $356,000, or 1.5%, to $23.1 million at March 31, 2019, compared to $23.4 million at December 31, 2018. This is due to $276,000 of depreciation and $25,000 of purchase accounting adjustments recognized on fixed assets in the current quarter.

Liabilities. Total liabilities increased $17.2 million, or 1.5%, to $1.2 billion at March 31, 2019 compared to $1.1 billion at December 31, 2018.

Total deposits increased $18.8 million, or 1.7%, to remain constant at $1.1 billion at March 31, 2019 and December 31, 2018. There were increases of $20.9 million in demand deposits, $8.3 million in savings accounts, $3.3 million in time deposits and $796,000 in brokered deposits, partially offset by decreases of $8.9 million in money market accounts and $5.6 million in NOW accounts. The legacy Bank deposit portfolio had approximately $12.6 million increase in deposits in the current quarter. The acquired FWVB merger deposit portfolio increased $6.2 million in the current quarter. The Bank has been selective on offering promotional interest rates and has concentrated its efforts on increasing noninterest-bearing accounts by building strong customer relationships.

Short-term borrowings decreased $290,000, or 0.9%, to $30.7 million at March 31, 2019 compared to $31.0 million at December 31, 2018. At March 31, 2019 and December 31, 2018, short-term borrowings were comprised entirely of securities sold under agreements to repurchase. Approximately $20.0 million of securities sold under agreements to repurchase were assumed in the FWVB merger. The decrease in short-term borrowings is related to available cash reserves that exceeded loan originations and a decrease in business deposit customers whose funds, above designated target balances, are transferred into an overnight interest-earning investment account by purchasing securities from the Bank’s investment portfolio under an agreement to repurchase. Other borrowed funds decreased by $3.0 million due to a $3.0 million maturing FHLB long-term borrowing that was retired in the current period. As a result of current period activity, the weighted average interest rate on long-term borrowings increased by 9 basis points to 2.08%.

Stockholders’ Equity. Stockholders’ equity increased $4.1 million, or 3.0%, to $141.7 million at March 31, 2019, compared to $137.6 million at December 31, 2018. Net income was $2.9 million for the three months ended March 31, 2019. Unrealized gain on investment securities increased by $2.4 million. The Company paid $1.3 million in dividends to stockholders during the three months ended March 31, 2019. Book value per share was $26.09, an increase of $0.76, or 3.0%, at March 31, 2019, as compared to $25.33 book value per share at December 31, 2018.

Results of Operations for the Three Months Ended March 31, 2019 and 2018

Overview. Net income increased $1.5 million, to $2.9 million for the three months ended March 31, 2019, compared to $1.4 million for the three months ended March 31, 2018. The quarterly results were mainly impacted by the FWVB merger, which produced increased net interest income, and the acquisition of the Beynon Insurance customer list on August 1, 2018, which produced additional noninterest income through increased commission and fees and contingency income. In addition, significantly reduced provision for loan losses in the current quarter attributed to overall net income.

Net Interest Income. Net interest income increased $2.8 million, or 37.1%, to $10.4 million for the three months ended March 31, 2019 compared to $7.6 million for the three months ended March 31, 2018.

Interest and dividend income increased $3.6 million, or 41.2%, to $12.3 million for the three months ended March 31, 2019 compared to $8.7 million for the three months ended March 31, 2018. Interest income on loans increased $2.5 million for the three months ended March 31, 2019, compared to the three months ended March 31, 2018. Average net loans increased by $147.6 million for the three months ended March 31, 2019, compared to the three months ended March 31, 2018. This was primarily due to the FWVB merger and organic loan growth. The FWVB merger not only affected the average loan balance, it also contributed to an increase of 41 basis points in loan yield. The credit mark recorded for the acquired loans in the FWVB merger was approximately $1.3 million. The impact of the accretion from both the FWVB and FedFirst Financial Corporation (“FFCO”) acquired loan portfolios for the three months ended March 31, 2019 was an increase of $60,000, or 3 basis points in loan yield, compared to $66,000, or 4 basis points increase, for the three months ended March 31, 2018. The impact of credit mark accretion for the three months ended March 31, 2019 and March 31, 2018, was mainly due to monthly loan runoff for both acquired loan portfolios. The remaining credit mark balance for both acquired loan portfolios was $1.8 million as of March 31, 2019. Interest income on taxable securities increased $830,000, mainly due to an increase of $99.0 million in the average balance and 72 basis points in yield in the current period. This is a result of the FWVB merger and security purchases with higher prevailing yields. Other interest and dividend income increased $144,000, to $204,000 for the three months ended March 31, 2019, compared to $60,000 for the three months ended March 31, 2018. This was a result of increased interest earned on correspondent deposit banks and FHLB dividends in the current period. Interest income on federal funds sold increased $108,000, mainly due to an increase of $19.1 million in the average balance of other interest-earning assets held at the Federal Reserve Bank, comprised mainly of interest-bearing cash and the three quarterly interest rate hikes of 25 basis points each by the Federal Reserve Board (“FRB”) since the three months ended March 31, 2018. Interest income on securities exempt from federal income tax increased by $45,000 in the current period. This was mainly due to the FWVB merger that generated an increase in yield of 45 basis points.

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Interest expense increased $763,000, or 69.4%, to $1.9 million for the three months ended March 31, 2019 compared to $1.1 million for the three months ended March 31, 2018. Interest expense on deposits increased $931,000, due to an increase in average interest-bearing deposits of $257.8 million, primarily due to increases in deposits as a result of the FWVB merger. The average cost of interest-bearing deposits increased 28 basis points. This was primarily related to previously mentioned interest rate hikes by the FRB. Interest expense on short-term borrowings decreased by $151,000, or 146 basis points, due to a decrease of $42.4 million in the average balance of FHLB overnight borrowings, partially offset by an increase of $9.1 million in the average balance of securities sold under agreements to repurchase. Interest expense on other borrowed funds decreased $16,000 primarily due to a decrease in the average balance of FHLB long-term borrowings of $4.2 million during the current quarter. This is a result of maturing FHLB long-term borrowings being retired.

Average Balances and Yields. The following tables present information regarding average balances of assets and liabilities, the total dollar amounts of interest income and dividends from average interest-earning assets, the total dollar amounts of interest expense on average interest-bearing liabilities, and the resulting average yields and costs. Average balances are derived from daily balances over the periods indicated. The yields set forth below include the effect of deferred fees, discounts, and premiums that are amortized or accreted to interest income or interest expense. Tax-equivalent yield adjustments have been made for tax exempt loan and securities income utilizing a marginal federal income tax rate of 21% for 2019 and 2018. As such, amounts will not agree to income as reported in the consolidated financial statements. Average balances for loans are net of the allowance for loan losses, and include nonaccrual loans. Nonaccrual loans are included in average balances only. The yields and costs for the periods indicated are derived by dividing annualized income or expense by the average balances of assets or liabilities, respectively, for the periods presented.

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	(Dollars in thousands) (Unaudited)
	Three Months Ended March 31,
	2019							2018
			Interest							Interest
	Average		and		Yield/			Average		and		Yield/
	Balance		Dividends		Cost (1)			Balance		Dividends		Cost (1)
Assets:
Interest-Earning Assets:
Loans, Net	$	898,283	$	10,467		4.73	%	$	750,710	$	8,005		4.32	%
Investment Securities
Taxable		185,251		1,264		2.73			86,206		434		2.01
Exempt From Federal Tax		40,488		345		3.41			39,205		290		2.96
Other Interest-Earning Assets		43,083		318		2.99			7,680		66		3.49
Total Interest-Earning Assets		1,167,105		12,394		4.31			883,801		8,795		4.04
Noninterest-Earning Assets		114,627							58,297
Total Assets	$	1,281,732						$	942,098
Liabilities and
Stockholders' equity:
Interest-Bearing Liabilities:
Interest-Bearing Demand Deposits	$	212,192		276		0.53	%	$	131,600		103		0.32	%
Savings		213,115		145		0.28			134,292		62		0.19
Money Market		184,503		273		0.60			137,310		119		0.35
Time Deposits		217,289		1,025		1.91			166,048		504		1.23
Total Interest-Bearing Deposits		827,099		1,719		0.84			569,250		788		0.56
Borrowings		51,104		143		1.13			88,753		311		1.42
Total Interest-Bearing Liabilities		878,203		1,862		0.86			658,003		1,099		0.68
Noninterest-Bearing Demand Deposits		255,478							187,693
Other Liabilities		8,962							3,407
Total Liabilities		1,142,643							849,103
Stockholders' Equity		139,089							92,995
Total Liabilities and
Stockholders' Equity	$	1,281,732						$	942,098
Net Interest Income			$	10,532						$	7,696
Net Interest Rate Spread (2)						3.45	%						3.36	%
Net Interest-Earning Assets (3)	$	288,902						$	225,798
Net Interest Margin (4)						3.66							3.53
Return on Average Assets						0.93							0.59
Return on Average Equity						8.53							5.93
Average Equity to Average Assets						10.85							9.87
Average Interest-Earning Assets to
Average Interest-Bearing Liabilities						132.90							134.32

(1) Annualized.

(2) Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.

(3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.

(4) Net interest margin represents annualized net interest income divided by average total interest-earning assets. Interest income and yields are on a fully tax equivalent basis utilizing a marginal tax rate of 21% for the three months ended March 31, 2019, and 2018, respectively.

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Rate/Volume Analysis. The following table presents the effects of changing rates and volumes on our net interest income for the periods indicated. Tax-equivalent yield adjustments have been made for tax exempt loan and securities income utilizing a marginal federal income tax rate of 21% for 2019 and 2018. The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). For purposes of this table, changes attributable to both rate and volume, which cannot be segregated, have been allocated proportionately based on the changes due to rate and the changes due to volume. The total column represents the sum of the prior columns.

	(Dollars in thousands) (Unaudited)
	Three Months Ended March 31,  2019
	Compared To
	Three Months Ended March 31,  2018
	Increase (Decrease) Due to
	Volume			Rate			Total
Interest and Dividend Income:
Loans, net	$	1,654		$	808		$	2,462
Investment Securities:
Taxable		633			197			830
Exempt From Federal Tax		10			45			55
Other Interest-Earning Assets		262			(10	)		252
Total Interest-Earning Assets		2,559			1,040			3,599
Interest Expense:
Deposits		445			486			931
Borrowings		(114	)		(54	)		(168	)
Total Interest-Bearing Liabilities		331			432			763
Change in Net Interest Income	$	2,228		$	608		$	2,836

Provision for Loan Losses. The provision for loan losses was $25,000 for the three months ended March 31, 2019, compared to $1.5 million for the three months ended March 31, 2018. Net charge-offs for the three months ended March 31, 2019 were $172,000, which included net-charge-offs of $133,000 on automobile loans and $23,000 on student loans, compared to $1.4 million of net charge-offs for the three months ended March 31, 2018, which included $122,000 of net charge-offs on automobile loans. Prior period loan charge-offs consisted of $496,000, $443,000 and $238,000 for three commercial and industrial relationships and $27,000 for residential mortgage loans. The student loan charge-offs are now being recognized by the Bank due to the ReliaMax Surety student loan insurance company’s insolvency in 2018. Management analyzes the loan portfolio on a quarterly basis to determine the adequacy of the allowance for loan losses and the need for additional provisions for loan losses. The decrease in the quarterly provision was primarily due to reduced charge-offs, loan paydowns and loan payoffs of impaired loan relationships in the current period. In addition, stability of the credit matrix factors in the current period had a positive impact on the qualitative factors within the allowance calculation.

Noninterest Income. Noninterest income increased $229,000, or 11.0%, to $2.3 million for the three months ended March 31, 2019 compared to $2.1 million for the three months ended March 31, 2018. Insurance commissions from Exchange Underwriters increased $220,000, due to increased direct bill and property and casualty commercial lines commissions and fees income of $351,000, as a result of the Beynon customer list acquisition and increased contingency fees of $116,000 received, partially offset by a decrease due to the revenue recognition accounting standard adopted in the first quarter of 2018. The revenue recognition standard delayed $251,000 of received commissions and fees for the three months ended March 31, 2019, as compared to $5,000 for the three months ended March 31, 2018. These commissions and fees will be recognized into income in subsequent periods as the revenue is earned in accordance with the revenue recognition accounting standard. Contingency fees are commissions that are contingent upon several factors including, but not limited to, eligible written premiums, earned premiums, incurred losses and stop loss charges. Service fees on deposit accounts increased $162,000 due to increased volume in ATM and check card fees as a result of the FWVB merger. There was an increase in the net gains on sales of residential mortgage loans of $84,000. The increase in gains was primarily due to an increase in the number of loans originated and subsequently sold to the FHLB as part of the MPF® program and stability in mortgage rates. The MPF® program enables member financial institutions to offer competitive interest rates for fixed-rate mortgage loans without assuming any of the interest rate risk associated with a long-term asset. The fair value of equity securities increased $45,000 due to the prior year first quarter adoption of Accounting Standard Update (“ASU”) 2016-01, Financial Instruments – Overall (Subtopic 825-10), which requires equity investments (except those accounted for under the equity method or that are consolidated) to be measured at fair value with changes in fair value recognized in net income. As required, the $20,000 gain on equity securities for the three months ended March 31, 2019, compared to a $25,000 loss on equity securities for the three months ended March 31, 2018, was recognized due to current market conditions. Other noninterest income increased $37,000 due to decreased amortization of mortgage servicing rights on sold mortgages. Income on bank-owned life insurance (“BOLI”) increased by $24,000 due to the BOLI policies acquired in the FWVB merger. The decrease of $275,000 in other commissions was primarily due to the prior year first quarter recognition of insurance proceeds from a claim on a BOLI policy. There was a decrease of $60,000 in net gains on sales of investments due to investments sold at a loss of $60,000 for the three months ended March 31, 2019. The recognized losses were by design to mitigate deteriorating investments-credit risk and to reinvest in higher yielding, longer-term investments.

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Noninterest Expense. Noninterest expense increased $2.4 million, or 36.2%, to $9.1 million for the three months ended March 31, 2019, compared to $6.7 million for the three months ended March 31, 2018. Salaries and employee benefits increased $1.2 million primarily due to the addition of FWVB-retained employee salaries, salary increases related to personnel, and health care and retirement benefits expenses mostly related to the FWVB merger. Amortization of Core Deposit Intangible (“CDI”) increased $351,000, due to the amortization of CDI recorded for the FWVB merger. Equipment expense increased $206,000, primarily due to data processing, equipment maintenance contracts, and depreciation expense related to the eight additional branch locations from the FWVB merger. Occupancy expense increased $189,000, primarily due to increases in property contracted services, depreciation, utilities and real estate taxes due to the FWVB merger. Other noninterest expense increased $142,000, primarily due to director fees, amortization of the Beynon customer list for Exchange Underwriters, telephone, other losses, meals and entertainment, and postage. These increases were partially offset by decreases in other restricted stock awards expense, repossession expenses, dues and memberships, and office supplies. Contracted services increased $133,000 mainly as a result of the eight additional branch locations acquired in the FWVB merger. Other real estate owned expense decreased $70,000 in the three months ended March 31, 2019, due to $38,000 of income for the leasing of mineral rights and $33,000 gain on the sale of the acquired other real estate owned property from the FWVB merger. PA shares tax increased $69,000 due to the increase in equity based on the FWVB merger. Bankcard processing increased $68,000 mainly due to the increased number of ATM transactions as a result of the FWVB merger. The Federal Deposit Insurance Corporation (“FDIC”) assessment expense increased $52,000 due to the average asset growth related to the FWVB merger and an assessment factor increase by the FDIC in the computation of the insurance assessment. Legal and professional fees increased $41,000 mainly due to external audit related fees. Advertising increased $17,000 due to marketing initiatives that are being utilized to enhance the Company’s brand and exposure in the market area. This was partially offset by a decrease of $24,000 in merger- related expenses due to prior year quarter merger expenses related to merger planning software and employee travel to the then pending FWVB merger.

Income Tax Expense. Income taxes increased $551,000 to $718,000 for the three months ended March 31, 2019, compared to $167,000 for the three months ended March 31, 2018. The effective tax rate for the three months ended March 31, 2019 was 19.7% compared to 10.9% for the three months ended March 31, 2018. The increase in income taxes was due to an increase of $2.1 million in pre-tax income. The increase in the current quarter effective tax rate is due to the prior period federal tax-exempt income recognized on the proceeds from a claim on a BOLI policy. Excluding one-time BOLI proceeds of $421,000, the effective income tax rate was approximately 16.7% for the three months ended March 31, 2018.

Off-Balance Sheet Arrangements.

Other than loan commitments and standby and performance letters of credit, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a significant current or future effect on our financial condition, revenues, expenses, results of operations, liquidity, capital expenditures, or capital resources that are material to investors. Refer to Note 11 in the Notes to Consolidated Financial Statements for a summary of commitments outstanding as of March 31, 2019.

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Liquidity and Capital Management

Liquidity. Liquidity is the ability to meet current and future financial obligations of a short-term nature. The Company’s primary sources of funds consist of deposit inflows, loan repayments and maturities, calls and sales of securities. While maturities and scheduled amortization of loans and securities are predictable sources of funds, deposit flows and mortgage prepayments are greatly influenced by general interest rates, economic conditions and competition.

The Company regularly adjusts its investments in liquid assets based upon its assessment of expected loan demand, expected deposit flows, yields available on interest-earning deposits and securities, and the objectives of its asset/liability management program. Excess liquid assets are invested generally in interest-earning deposits with other banks and short- and intermediate-term securities. The Company believes that it had sufficient liquidity at March 31, 2019 to satisfy its short- and long-term liquidity needs.

The Company’s most liquid assets are cash and due from banks, which totaled $76.3 million at March 31, 2019. The levels of these assets depend on our operating, financing, lending and investing activities during any given period. Unpledged securities, which provide an additional source of liquidity, totaled $85.0 million at March 31, 2019. In addition, at March 31, 2019, the Company had the ability to borrow up to $373.4 million from the FHLB of Pittsburgh, of which $37.7 million was utilized toward standby letters of credit. The Company also has the ability to borrow up to $107.0 million from the FRB through its Borrower-In-Custody line of credit agreement and the Company also maintains multiple line of credit arrangements with various unaffiliated banks totaling $60.0 million as of both March 31, 2019 and December 31, 2018.

At March 31, 2019, time deposits due within one year of that date totaled $88.1 million, or 40.4% of total time deposits. If these time deposits do not remain with the Company, the Company will be required to seek other sources of funds. Depending on market conditions, the Company may be required to pay higher rates on such deposits or other borrowings than it currently pays on these certificates of deposit. The Company believes, however, based on past experience that a significant portion of its certificates of deposit will remain with it, either as certificates of deposit or as other deposit products. The Company has the ability to attract and retain deposits by adjusting the interest rates offered.

CB Financial is a separate legal entity from the Bank and must provide for its own liquidity to pay any dividends to its shareholders and for other corporate purposes. Its primary source of liquidity is dividend payments it receives from the Bank. The Bank’s ability to pay dividends to CB Financial is subject to regulatory limitations. At March 31, 2019, CB Financial (on an unconsolidated, stand-alone basis) had liquid assets of $3.0 million.

We are committed to maintaining a strong liquidity position; therefore, we monitor our liquidity position on a daily basis. We anticipate that we will have sufficient funds to meet our current funding commitments. The marginal cost of new funding, however, whether from deposits or borrowings from the FHLB, will be carefully considered as we monitor our liquidity needs. Therefore, in order to minimize our cost of funds, we may consider additional borrowings from the FHLB in the future.

Capital Management. The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, each must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Under the Regulatory Capital Rules, in order to avoid limitations on capital distributions (including dividend payments and certain discretionary bonus payments to executive officers), a banking organization must hold a capital conservation buffer comprised of common equity Tier I capital above its minimum risk-based capital requirements in an amount greater than 2.5% of total risk-weighted assets. The capital conservation buffer, which is composed of common equity Tier I capital, began on January 1, 2016 at the 0.625% level and was phased in over a three year period (increasing by that amount on each January 1, until it reached 2.5% on January 1, 2019).

At March 31, 2019 and December 31, 2018, the Company was categorized as “well capitalized” under the regulatory framework for prompt corrective action. The following table presents the Bank’s regulatory capital amounts and ratios, as well as the minimum amounts and ratios required to be well capitalized as of the dates indicated.

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	(Dollars in thousands)
	March 31, 2019					December 31, 2018
	Amount		Ratio			Amount		Ratio
Common Equity Tier 1 (to risk weighted assets)
Actual	$	98,457		11.74	%	$	96,985		11.44	%
For Capital Adequacy Purposes		37,737		4.50			38,137		4.50
To Be Well Capitalized		54,510		6.50			55,086		6.50
Tier 1 Capital (to risk weighted assets)
Actual		98,457		11.74			96,985		11.44
For Capital Adequacy Purposes		50,317		6.00			50,849		6.00
To Be Well Capitalized		67,089		8.00			67,799		8.00
Total Capital (to risk weighted assets)
Actual		107,869		12.86			106,543		12.57
For Capital Adequacy Purposes		67,089		8.00			67,799		8.00
To Be Well Capitalized		83,861		10.00			84,748		10.00
Tier 1 Leverage (to adjusted total assets)
Actual		98,457		7.93			96,985		7.82
For Capital Adequacy Purposes		49,682		4.00			49,637		4.00
To Be Well Capitalized		62,102		5.00			62,046		5.00

Item 3. Quantitative and Qualitative Disclosure about Market Risk.

The Company believes that as of March 31, 2019, there was no material change in the quantitative and qualitative disclosure about market risk data as of December 31, 2018, as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.

Item 4. Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Chief Executive Officer and our Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2019. The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost benefit relationship of possible controls and procedures.

Based on this evaluation, management concluded as of March 31, 2019, that our disclosure controls and procedures were not effective at the reasonable assurance level due to the following:

In connection with the preparation of our interim consolidated financial statements as of and for the three months ended March 31, 2019, we concluded that there was a material weakness in the design and operating effectiveness of our internal control over financial reporting as defined in SEC Regulation S-X. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement in the annual or interim financial statements will not be prevented or detected on a timely basis. A description of the identified material weakness in internal control over financial reporting is as follows:

The design and operating effectiveness of internal controls related to management’s review of our consolidated financial results did not operate at a level of precision sufficient to allow for accurate reporting of our consolidated financial results. Our consolidation process is substantially a manual process and inherently subject to error. During the preparation and review of our interim and annual consolidated financial statements, management was unable to perform adequate review and detect a classification error within the loan classification segments impacting commercial and industrial, commercial real estate and residential real estate loans, which are disclosed in the Company’s notes to the consolidated financial statements at a sufficient level of precision to prevent or detect reclassification misstatement. As a result, we corrected loan classifications for related loan segments in order to prepare the consolidated financial statements included in this Form 10-Q.

Although this control deficiency did not result in a material misstatement in our interim and annual consolidated financial statements as of and for the year ended December 31, 2018, it created a reasonable possibility that a material misstatement would not have been prevented or detected on a timely basis. Therefore, we concluded the deficiency represented a material weakness in our internal control over financial reporting.

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Also a material weakness in our internal control over financial reporting discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed on March 18, 2019 continues to exist as of March 31, 2019.

As a result of the material weakness identified as of March 31, 2019 and noted above and the material weakness discussed in our Annual Report on Form 10-K, we performed additional analysis and other post-closing procedures to ensure our condensed consolidated financial statements were prepared in accordance with GAAP. Accordingly, management believes that the consolidated financial statements and related notes thereto included in this report fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented.

(b) Changes to Internal Control Over Financial Reporting

During the most recently completed fiscal quarter the Company made the following changes to its internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act in order to remediate the above material weaknesses:

• implementation of recruitment for experienced accounting staff;

• a thorough review of the finance and loan departments to ensure that the areas of responsibilities are properly matched to the staff competencies and that the lines of communication and processes are as effective as possible;

• a thorough review of the processes and procedures used in the Company’s loan classification; and

• development of a standardized method for the review of loan disclosures.

Management believes the measures described above will remediate the control deficiencies the Company has identified and strengthen its internal control over financial reporting. Management is committed to continuous improvement of the Company’s internal control processes and will continue to diligently review the Company’s financial reporting controls and procedures. As management continues to evaluate and work to improve internal control over financial reporting, the Company may determine to take additional measures to address control deficiencies or determine to modify certain of the remediation measures described above. The material weakness will not be considered remediated until the applicable remedial controls operate for a sufficient period of time and management has concluded, through testing, that these controls are operating effectively.

Although this control deficiency did not result in a material misstatement in our interim and annual consolidated financial statements, it created a reasonable possibility that a material misstatement would not have been prevented or detected on a timely basis. Therefore we concluded the deficiency represented a material weakness in our internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

Periodically, there have been various claims and lawsuits against us, such as claims to enforce liens, claims seeking damages for improper collection procedures or misrepresentations, condemnation proceedings on properties in which we hold security interests, claims involving the making and servicing of real property loans and other issues incident to our business. We are not a party to any other pending legal proceedings that we believe would have a material adverse effect on our financial condition, results of operations or cash flows.

Item 1A. Risk Factors.

In addition to the other information set forth in this report, you should carefully consider the factors discussed in “Part I, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2018, which could materially affect our business, financial condition or future results. The risks described in our Annual Report on Form 10-K are not the only risks that we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition and/or operating results.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Not applicable.

Item 3. Defaults Upon Senior Securities.

Not applicable.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits

3.1 Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit 3.1 to Registration Statement on Form S-4 filed on September 13, 2014 (File No. 333-196749))

3.2 Bylaws (incorporated by reference to Exhibit 3.2 to Registration Statement on Form S-4 filed on September 13, 2014 (File No. 333-196749))

31.1 Rule 13a-14(a) / 15d-14(a) Certification (Chief Executive Officer)

31.2 Rule 13a-14(a) / 15d-14(a) Certification (Chief Financial Officer)

32.1 Chief Executive Officer Certification pursuant to 18 U.S.C. Section 1350, as adopted to Section 906 of the Sarbanes-Oxley Act of 2002

32.2 Chief Financial Officer Certification pursuant to 18 U.S. C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.0 The following materials for the quarter ended March 31, 2019, formatted in XBRL (Extensible Business Reporting Language); (i) the Consolidated Statement of Financial Condition, (ii) the Consolidated Statement of Operations, (iii) the Consolidated Statement of Comprehensive Income, (iv) the Consolidated Statement of Stockholders’ Equity, (v) the Consolidated Statement of Cash Flows and (vi) the Notes to the Unaudited Consolidated Financial Statements

44

SIGNATURES

Pursuant to the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		CB FINANCIAL SERVICES, INC.
		(Registrant)
Date:	May 15, 2019	/s/ Patrick G. O’Brien.
		Patrick G. O’Brien
		President and Chief Executive Officer
Date:	May 15, 2019	/s/ Kevin D. Lemley
		Kevin D. Lemley
		Executive Vice President and Chief Financial Officer
		(Principal Financial Officer and Chief Accounting Officer)

45

EX-31.1

EXHIBIT 31.1

RULE 13a-14(a)/15d-14(a)

CHIEF EXECUTIVE OFFICER CERTIFICATION

I, Patrick G. O’Brien, President, Chief Executive Officer and Director of CB Financial Services, Inc., certify that:

1.       I have reviewed this Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 of CB Financial Services, Inc.;

2.       Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.       Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.       The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)       Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)       Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)       Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)       Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.       The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)       All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)       Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 15, 2019	/s/ Patrick G. O’Brien
		Patrick G. O’Brien
		President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

RULE 13a-14(a)/15d-14(a)

CHIEF FINANCIAL OFFICER CERTIFICATION

I, Kevin D. Lemley, Executive Vice President and Chief Financial Officer of CB Financial Services, Inc., certify that:

1.       I have reviewed this Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 of CB Financial Services, Inc;

2.       Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.       Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.       The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)       Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)       Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)       Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)       Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.       The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)       All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)       Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 15, 2019	/s/ Kevin D. Lemley
		Kevin D. Lemley
		Executive Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of CB Financial Services, Inc. (the “Company”) on Form 10-Q for the quarter ended March 31, 2019 as filed with the Securities and Exchange Commission (the “Report”), I, Patrick G. O’Brien, the President, Chief Executive Officer and Director of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	May 15, 2019	/s/ Patrick G. O’Brien
		Patrick G. O’Brien
		President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of CB Financial Services, Inc. (the “Company”) on Form 10-Q for the quarter ended March 31, 2019 as filed with the Securities and Exchange Commission (the “Report”), I, Kevin D. Lemley, the Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company

Date:	May 15, 2019	/s/ Kevin D. Lemley
		Kevin D. Lemley
		Executive Vice President and Chief Financial Officer

XML

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 03, 2019
Document Information [Line Items]
Entity Registrant Name	CB Financial Services, Inc.
Entity Central Index Key	0001605301
Trading Symbol	cbfv
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		5,433,289
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false

XML

Consolidated Statement of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Interest Bearing	$ 54,245	$ 36,736
Non-Interest Bearing	22,094	16,617
Total Cash and Due From Banks	76,339	53,353
Available-for-Sale	224,673	225,409
Loans, Net	899,384	903,314
Premises and Equipment, Net	23,092	23,448
Bank-Owned Life Insurance	23,054	22,922
Goodwill	28,425	28,425
Core Deposit Intangible, Net	10,449	10,934
Accrued Interest and Other Assets	17,177	13,496
TOTAL ASSETS	1,302,593	1,281,301
LIABILITIES
Demand Deposits	274,072	253,201
NOW Accounts	213,132	218,687
Money Market Accounts	178,708	187,627
Savings Accounts	218,310	209,985
Time Deposits	218,180	214,891
Brokered Deposits	3,063	2,267
Total Deposits	1,105,465	1,086,658
Short-Term Borrowings	30,689	30,979
Other Borrowed Funds	17,000	20,000
Accrued Interest and Other Liabilities	7,710	6,039
TOTAL LIABILITIES	1,160,864	1,143,676
STOCKHOLDERS' EQUITY
Preferred Stock, No Par Value; 5,000,000 Shares Authorized
Common Stock, $0.4167 Par Value; 35,000,000 Shares Authorized, 5,680,993 Shares Issued and 5,433,289 and 5,432,289 Shares Outstanding at March 31, 2019 and December 31, 2018, Respectively	2,367	2,367
Capital Surplus	83,307	83,225
Retained Earnings	59,464	57,843
Treasury Stock, at Cost (247,704 and 248,704 Shares at March 31, 2019 and December 31, 2018, Respectively)	(4,353)	(4,370)
Accumulated Other Comprehensive Income (Loss)	944	(1,440)
TOTAL STOCKHOLDERS' EQUITY	141,729	137,625
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,302,593	$ 1,281,301

XML

Consolidated Statement of Financial Condition (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.4167	$ 0.4167
Common stock, shares authorized (in shares)	35,000,000	35,000,000
Common stock, shares issued (in shares)	5,680,993	5,680,993
Common stock, shares outstanding (in shares)	5,433,289	5,432,289
Treasury stock, at cost (in shares)	247,704	248,704

XML

Consolidated Statement of Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
INTEREST AND DIVIDEND INCOME
Loans, Including Fees		$ 10,433	$ 7,971
Federal Funds Sold		114	6
Taxable		1,264	434
Exempt From Federal Income Tax		281	236
Other Interest and Dividend Income		204	60
TOTAL INTEREST AND DIVIDEND INCOME		12,296	8,707
INTEREST EXPENSE
Deposits		1,719	788
Federal Funds Purchased			1
Short-Term Borrowings		46	197
Other Borrowed Funds		97	113
TOTAL INTEREST EXPENSE		1,862	1,099
NET INTEREST INCOME		10,434	7,608
Provision For Loan Losses		25	1,500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		10,409	6,108
NONINTEREST INCOME
Noninterest income		12,296	8,707
Net Gains on Sales of Loans		92	8
Net Loss on Sales of Investments		(60)
Fair Value of Equity Securities		20	(25)
Net Gains on Purchased Tax Credits		9	11
Net Loss on Disposal of Fixed Assets		(6)
Income from Bank-Owned Life Insurance		132	108
Other		66	29
TOTAL NONINTEREST INCOME		2,315	2,086
NONINTEREST EXPENSE
Salaries and Employee Benefits		4,935	3,695
Occupancy		759	570
Equipment		704	498
FDIC Assessment		188	136
PA Shares Tax		268	199
Contracted Services		272	139
Legal and Professional Fees		181	140
Advertising		148	131
Bankcard Processing Expense		197	129
Other Real Estate Owned (Income) Expense		(63)	7
Amortization of Core Deposit Intangible		485	134
Merger-Related			24
Other		1,007	865
TOTAL NONINTEREST EXPENSE		9,081	6,667
Income Before Income Taxes		3,643	1,527
Income Taxes	[1]	718	167
NET INCOME		$ 2,925	$ 1,360
EARNINGS PER SHARE
Basic (in dollars per share)		$ 0.54	$ 0.33
Diluted (in dollars per share)		$ 0.54	$ 0.33
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)		5,432,856	4,096,292
Diluted (in shares)		5,451,478	4,134,223
Deposit Account [Member]
NONINTEREST INCOME
Noninterest income		$ 753	$ 591
Insurance Commissions [Member]
NONINTEREST INCOME
Noninterest income		1,151	931
Financial Service, Other [Member]
NONINTEREST INCOME
Noninterest income		$ 158	$ 433

[1] The gross amount of losses on securities of $60 for the Three Months Ended March 31, 2019 are reported as Net Loss on Sales of Investments on the Consolidated Statement of Income. The income benefit effect is included in Income Taxes on the Consolidated Statement of Income.

XML

Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Net Income		$ 2,925	$ 1,360
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Available-for-Sale Securities Net of Income Tax Expense (Benefit) of $622 and ($387) for the Three Months Ended March 31, 2019 and 2018, Respectively		2,337	(1,421)
Reclassification Adjustment for Losses on Securities: Included in Net Income, Net of Income Tax Benefit of ($13) for the Three Months Ended March 31, 2019 (1)	[1]	47
Other Comprehensive Income (Loss), Net of Income Tax (Benefit)		2,384	(1,421)
Total Comprehensive Income (Loss)		$ 5,309	$ (61)

[1] The gross amount of losses on securities of $60 for the Three Months Ended March 31, 2019 are reported as Net Loss on Sales of Investments on the Consolidated Statement of Income. The income tax benefit effect is included in Income Taxes on the Consolidated Statement of Income.

XML

Consolidated Statement of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Unrealized (losses) gains on available-for-sale securities, tax	$ 622	$ (387)
Reclassification adjustment for gains on securities, tax	$ (13)

XML

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2017		4,363,346
Balance at Dec. 31, 2017		$ 1,818	$ 42,089	$ 55,280	$ (4,590)	$ (1,341)	$ 93,256
Net Income				1,360			1,360
Other Comprehensive Income (Loss)						(1,421)	(1,421)
Impact of change in method of accounting for marketable equity securities at Dec. 31, 2017	[1]			40		(40)
Stock-Based Compensation Expense			119				119
Exercise of Stock Options			3		29		32
Treasury Stock Purchased, at Cost					(27)		(27)
Dividends Paid				(901)			(901)
Balance (in shares) at Mar. 31, 2018		4,363,346
Balance at Mar. 31, 2018		$ 1,818	42,211	55,779	(4,588)	(2,802)	92,418
Balance (in shares) at Dec. 31, 2018		5,680,993
Balance at Dec. 31, 2018		$ 2,367	83,225	57,843	(4,370)	(1,440)	137,625
Net Income				2,925			2,925
Other Comprehensive Income (Loss)						2,384	2,384
Stock-Based Compensation Expense			77				77
Exercise of Stock Options			5		17		22
Dividends Paid				(1,304)			(1,304)
Balance (in shares) at Mar. 31, 2019		5,680,993
Balance at Mar. 31, 2019		$ 2,367	$ 83,307	$ 59,464	$ (4,353)	$ 944	$ 141,729

[1] Reclassification due to the adoption of ASU 2016-01. See Note 1 for additional information.

XML

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Retained Earnings [Member]
Dividends paid, per share (in dollars per share)	$ 0.24
Purchase of treasury stock, shares (in shares)		895
Dividends paid, per share (in dollars per share)		$ 0.22

XML

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net Income	$ 2,925	$ 1,360
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:
Net (Accretion) Amortization on Investments	(1)	104
Depreciation and Amortization	913	464
Provision for Loan and Lease Losses, Total	25	1,500
Unrealized (Gain) Loss on Equity Securities	(20)	25
Gains on Purchased Tax Credits	9	11
Income from Bank-Owned Life Insurance	(132)	(108)
Proceeds From Mortgage Loans Sold	3,995	534
Originations of Mortgage Loans for Sale	(3,903)	(526)
Gains on Sales of Loans	(92)	(8)
Losses on Sales of Investment Securities	60
Gains on Sales of Other Real Estate Owned and Repossessed Assets	(71)	(12)
Noncash Expense for Stock-Based Compensation	77	119
Increase in Accrued Interest Receivable	(237)	(145)
Net Loss on Disposal of Fixed Assets	6
Increase (Decrease) in Taxes Payable	455	(15)
Increase in Accrued Interest Payable	176	19
Net Payment of Federal/State Income Taxes	(15)	(30)
Other, Net	(2,949)	(2,144)
NET CASH PROVIDED BY OPERATING ACTIVITIES	1,221	1,148
INVESTING ACTIVITIES
Proceeds From Principal Repayments and Maturities	3,901	1,212
Purchases of Securities	(10,947)	(1,044)
Proceeds from Sales of Securities	10,762
Net Decrease (Increase) in Loans	3,845	(38,165)
Purchase of Premises and Equipment		(1,888)
Asset Acquisition of a Customer List	(900)
Proceeds From a Claim on Bank-Owned Life Insurance		950
Proceeds From Sales of Other Real Estate Owned and Repossessed Assets	814	164
Decrease (Increase) in Restricted Equity Securities	55	(2,168)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	7,530	(40,939)
FINANCING ACTIVITIES
Net Increase (Decrease) in Deposits	18,807	(18,613)
Net (Decrease) Increase in Short-Term Borrowings	(290)	55,660
Principal Payments on Other Borrowed Funds	(3,000)	(3,500)
Cash Dividends Paid	(1,304)	(901)
Treasury Stock, Purchases at Cost		(27)
Exercise of Stock Options	22	32
NET CASH PROVIDED BY FINANCING ACTIVITIES	14,235	32,651
INCREASE IN CASH AND CASH EQUIVALENTS	22,986	(7,140)
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR	53,353	20,622
CASH AND DUE FROM BANKS AT END OF PERIOD	76,339	13,482
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest on deposits and borrowings (including interest credited to deposit accounts of $1,719 and $788, respectively)	1,686	1,080
Income taxes	15	30
Right of use asset recognized	1,888
Lease liability recognized	$ 1,854

XML

Consolidated Statement of Cash Flows (Unaudited) (Parentheticals) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest credited to deposit accounts	$ 1,719	$ 788

XML

Note 1 - Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Significant Accounting Policies [Text Block]

Note

1.

Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters” or “EU”). CB Financial and the Bank are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation.

The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information

not

misleading in any material respect. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and income and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, evaluation of securities for other-than-temporary impairment including related cash flow projections, goodwill and intangible assets impairment, and the valuation of deferred tax assets.

In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All of these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form

10

-K for the year ended

December 31, 2018.

Interim results are

not

necessarily indicative of results for a full year.

The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC and incorporated into the consolidated financial statements the effect of all material known events determined by ASC Topic

855,

Subsequent Events

, to be recognizable events.

Nature of Operations

The Company derives substantially all its income from banking and bank-related services which include interest earnings on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest earnings on investment securities and fees generated from deposit services to its customers. The Company provides banking services through its subsidiary, Community Bank, a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank operates from

sixteen

offices in Greene, Allegheny, Washington, Fayette and Westmoreland Counties in southwestern Pennsylvania,

seven

offices in Brooke, Marshall, Ohio, Upshur and Wetzel Counties in West Virginia, and

one

office in Belmont County in Ohio. The Bank is a community-oriented institution offering residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. Property and casualty, commercial liability, surety and other insurance products are offered through Exchange Underwriters, the Bank’s wholly-owned subsidiary that is a full-service, independent insurance agency.

Acquired Loans

Loans that were acquired in previous mergers, were recorded at fair value with

no

carryover of the related allowance for credit losses. The fair value of the acquired loans was estimated by management with the assistance of a

third

party valuation specialist.

For performing loans acquired in a merger, the excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. For purchased credit impaired (“PCI”) loans acquired in a merger, the difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be

first

applied to the nonaccretable discount portion of the fair value adjustment.

Recognition of Prior Period Errors

In

April 2018,

the Company discovered an error with the collateral position on a commercial and industrial classified loan relationship that had occurred in

April 2017.

This error resulted in the loss of the Company’s

first

lien position, leaving the loan with insufficient collateral. The Company recognized the error by recording a specific reserve and recognizing an additional

$300,000

(pre-tax) of provision for loan losses for the quarter-ended

March 31, 2018.

There was

no

financial statement impact for the

three

months ended

March 31, 2019.

The impact of the correction of the error resulted in a decrease of

$300,000

in income before income taxes and a decrease of

$63,000

in income taxes, resulting in a decrease of

$237,000

(after-tax) in net income (

$0.06

per share) for the

three

months ended

March 31, 2018.

As a result of this error, the Company’s

2017

results were overstated by

$237,000

and the Company’s

March 31, 2018

quarterly results were understated by the same amount. Management of the Company concluded the effect of the error was immaterial to the Company’s

2017

and

2018

results.

In

March 2019,

the Company discovered an error in loan classifications within the commercial and industrial segment of the loan portfolio. Certain term loans and revolving lines of credit that were incorrectly classified as commercial and industrial loans even though they were partially or primarily secured by commercial real estate and residential real estate. The error resulted in loan reclassifications of

$21.7

million from the commercial and industrial segment to the commercial real estate and the residential real estate segments as of and for the year ended

December 31, 2018.

In addition, as a result of the loan segment reclassifications, the allocated components of the allowance for loan losses were adjusted to reflect the revised loan balances with the residual of

$257,000

added to the unallocated component of the allowance for loan loss as of

December 31, 2018.

Management of the Company has evaluated the loan reclassification error and determined that, based on quantitative and qualitative analyses, this error was

not

material to the

December 31, 2018

consolidated financial statements as presented.

Reclassifications

Certain comparative amounts for the prior year have been reclassified to conform to the current year presentation. Such reclassifications did

not

affect net income or stockholders’ equity.

Recent Accounting Standards

In

January 2018,

the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)

2018

-

01,

Leases (Topic

842

), Land Easement Practical Expedient for Transition to Topic

842.

ASU

2018

-

01

is intended to be effective with ASU

2016

-

02,

as amended. The amendments in ASU

2018

-

01

are as follows: provide an optional transition practical expedient for the adoption of ASU

2016

-

02

that, if elected, would

not

require an organization to reconsider their accounting for existing land easements that are

not

currently accounted for under the old lease standards; and clarify that new or modified land easements should be evaluated under ASU

2016

-

02,

once an entity has adopted the new standard. ASU

2016

-

02

will require lessees to recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than

twelve

months. Both the ROU asset and lease liability will initially be measured at the present value of the future minimum lease payments over the lease term. Subsequent measurement, including the presentation of expenses and cash flows, will depend on the classification of the lease as either a finance or an operating lease. Accounting by lessors will remain largely unchanged from current U.S. GAAP. ASU

2016

-

02

is effective for fiscal years beginning after

December 15, 2018,

and interim periods within those years, with early adoption permitted, and is to be applied as of the beginning of the earliest period presented using a modified retrospective approach. The Company adopted the provisions of ASU

2016

-

02

effective

January 1, 2019,

which increased assets and liabilities approximately

$1.9

million as a result of reporting additional leases on the Company's consolidated statement of financial condition.

In

July 2017,

the FASB issued ASU

2017

-

11,

Earnings Per Share (Topic

260

); Distinguishing Liabilities from Equity (Topic

480

); Derivatives and Hedging (Topic

815

): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception.

ASU

2017

-

11

amendments simplify the accounting for certain financial instruments with down round features. The amendments require companies to disregard the down round feature when assessing whether the instrument is indexed to its own stock, for purposes of determining liability or equity classification. Companies that provide earnings per share (EPS) data will adjust their basic EPS calculation for the effect of the feature when triggered and will also recognize the effect of the trigger within equity. ASU

2017

-

11

is effective for fiscal years beginning after

December 15, 2018,

and interim periods within those years. The Company adopted the provisions of ASU

2017

-

11

effective

January 1, 2019

and the adoption did

not

have a material impact on the Company's consolidated financial condition or results of operations.

In

March 2017,

the FASB issued ASU

2017

-

08,

Receivables- Nonrefundable Fees and Other Costs (Subtopic

310

-

20

): Premium Amortization on Purchases of Callable Debt Securities.

ASU

2017

-

08

amends guidance on the amortization period of premiums on certain purchases of callable debt securities. The amendments shorten the amortization period of premiums on certain purchases of callable debt securities to the earliest call date. ASU

2017

-

08

is effective for fiscal years beginning after

December 15, 2018,

and interim periods within those annual periods. The Company adopted the provisions of ASU

2017

-

08

effective

January 1, 2019

and the adoption did

not

have a material impact on the Company's consolidated statement of financial condition or results of operations.

In

January 2017,

the FASB issued ASU

2017

-

04,

Intangibles - Goodwill and Other (Topic

350

): Simplifying the Test for Goodwill Impairment

. ASU

2017

-

04

simplifies the accounting for goodwill impairments by eliminating the

second

step of the goodwill impairment test. Instead, an entity will apply a

one

-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value,

not

to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does

not

amend the optional qualitative assessment of goodwill impairment. ASU

2017

-

04

is effective for public business entities that are SEC filers for annual periods beginning after

December 15, 2019,

and interim periods within those annual periods, with early adoption permitted, and is to be applied on a prospective basis. The Company is currently evaluating the provisions of ASU

2017

-

04,

but does

not

believe that its adoption will have a material impact on the Company's consolidated financial condition or results of operations.

In

September 2016,

the FASB issued ASU

2016

-

13,

Financial Instruments – Credit Losses (Topic

326

): Measurement of Credit Losses on Financial Instruments

. ASU

2016

-

13

amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, ASU

2016

-

13

eliminates the probable initial recognition threshold in current GAAP; and instead requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however this ASU will require that credit losses be presented as an allowance rather than as a write-down. ASU

2016

-

13

affects companies holding financial assets and net investment in leases that are

not

accounted for at fair value through net income. The ASU

2016

-

13

amendments affect loans, debt securities, trade receivables, net investments in leases, off balance-sheet credit exposures, reinsurance receivables, and any other financial assets

not

excluded from the scope that have the contractual right to receive cash. ASU

2016

-

13

is effective for fiscal years beginning after

December 15, 2019,

and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the provisions of ASU

2016

-

13,

but does

not

believe that its adoption will have a material impact on the Company's consolidated financial condition or results of operations.

In

February 2016,

the FASB issued ASU

2016

-

02,

Leases (Topic

842

)

, which increases the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet, and disclosing key information about leasing arrangements. ASU

2016

-

02

will require lessees to recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than

twelve

months. Both the ROU asset and lease liability will initially be measured at the present value of the future minimum lease payments over the lease term. Subsequent measurement, including the presentation of expenses and cash flows, will depend on the classification of the lease as either a finance or an operating lease. Accounting by lessors will remain largely unchanged from current U.S. GAAP. ASU

2016

-

02

is effective for fiscal years beginning after

December 15, 2018,

and interim periods within those years, with early adoption permitted, and is to be applied as of the beginning of the earliest period presented using a modified retrospective approach. The Company adopted the provisions of ASU

2016

-

02,

effective

January 1, 2019,

which increased assets and liabilities approximately

$1.9

million as a result of reporting additional leases on the Company's consolidated statement of financial condition.

XML

Note 2 - Merger

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Business Combination Disclosure [Text Block]

Note

2.

Merger

Effective

April 30, 2018,

the Company merged with First West Virginia Bancorp, Inc. (“FWVB”), the holding company for Progressive Bank, N.A. (“PB”), a national association. In addition, effective

April 30, 2018,

PB merged in the Bank. The FWVB merger enhanced the Bank’s exposure into the core of the PA-WV-OH Tri-State region. Through the FWVB merger, the Company anticipates future revenue and earnings growth from an expanded menu of financial services offered through the Company’s branch network in the Ohio Valley. The FWVB merger resulted in the addition of

eight

branches and expanded the Company’s reach into West Virginia with

seven

branches and

one

branch in Eastern Ohio. The FWVB merger value was approximately

$51.3

million. In connection with the FWVB merger, the Company issued

1,317,647

shares of common stock based on the Company’s closing stock price on

April 30, 2018,

of

$31.9068,

and paid cash consideration of

$9.8

million in exchange for all the outstanding shares of FWVB common stock.

Merger-related expenses are recorded in the Consolidated Statement of Income and include costs relating to the Company’s acquisition of FWVB, as described above.  These charges represent

one

-time costs associated with acquisition activities and do

not

represent ongoing costs of the fully integrated combined organization.  Accounting guidance requires that acquisition-related transactional and restructuring costs incurred by the Company be charged to expense as incurred. There were approximately

$1.2

million of cumulative merger-related expenses, of which

$24,000,

were recorded in the Consolidated Statement of Income for the

three

months ended

March 31, 2018.

As of the date of merger, FWVB had approximately

$334.0

million of assets,

$96.8

million of loans, and

$282.9

million of deposits held across a network of

8

branches located in West Virginia and eastern Ohio. The Company stockholders and FWVB stockholders now own approximately

76%

and

24%

of the combined company, respectively.

The FWVB merger was accounted for as an acquisition in accordance with the acquisition method of accounting as detailed in Accounting Standards Codification ("ASC")

805,

Business Combinations

. The acquisition method of accounting requires an acquirer to recognize the assets acquired and the liabilities assumed based on their fair values as of the date of acquisition. This process is heavily reliant on measuring and estimating the fair values of all the assets and liabilities of the acquired entity. To the extent we did

not

have the requisite expertise to determine the fair values of the assets acquired and liabilities assumed, we engaged

third

-party valuation specialists to assist us in determining such values. The preliminary results of the fair value evaluation generated goodwill and intangible assets. Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual obligations or other legal rights.

The assets acquired and liabilities assumed of FWVB were recorded on the Company’s Consolidated Statement of Financial Condition at their estimated fair values as of

April 30, 2018.

Based on a purchase price allocation, the Company recorded

$23.5

million in goodwill and

$9.1

million in core deposit intangibles related to the FWVB acquisition.

None

of the goodwill is deductible for income tax purposes, as the acquisition is accounted for as a tax-free exchange for tax purposes.

The fair value of the assets acquired and liabilities assumed in the FWVB merger were as follows (dollars in thousands):

Consideration Paid:	Provision at June 30, 2018			Measurement Period Adjustments			December 31, 2018
Cash Paid for Redemption of FWVB Common Stock	$	9,801					$	9,801
CB Financial Common Stock Issued in
Exchange for FWVB Common Stock		41,527						41,527
Total Consideration Paid		51,328			-			51,328
Assets Acquired:
Cash and Cash Equivalents		30,433						30,433
Net Loans		95,456						95,456
Investment Securities		187,628						187,628
Premises and Equipment		13,047			(9,335	)		3,712
Bank Owned Life Insurance		4,212						4,212
Core Deposit Intangible		12,789			(3,662	)		9,127
Deferred Tax Assets		(87	)		1,411			1,324
Other Assets		3,030						3,030
Total Assets Acquired		346,508			(11,586	)		334,922
Liabilities Assumed:
Deposits		281,620						281,620
Borrowings		22,329						22,329
Other Liabilities		3,117						3,117
Total Liabilities Assumed		307,066			-			307,066
Total Identifiable Net Assets		39,442			(11,586	)		27,856
Goodwill Recognized	$	11,886			11,586		$	23,472

As part of the FWVB merger, the Company identified FWVB employees who would be retained and estimated a severance costs of

$100,000

if those employees were terminated without cause within the

first

year of the merger. For the

three

months ended

March 31, 2019,

the Company paid out

$52,000

in severance cost according to the FWVB merger agreement.

XML

Note 3 - Earnings Per Share

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

3.

Earnings Per Share

There are

no

convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, net income as presented on the Consolidated Statement of Income is used as the numerator.

The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation.

	Three Months Ended March 31,
	2019			2018
Weighted-Average Common Shares Outstanding		5,680,993			4,363,346
Average Treasury Stock Shares		(248,137	)		(267,054	)
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share		5,432,856			4,096,292
Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share		18,622			37,931
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share		5,451,478			4,134,223
Earnings per share:
Basic	$	0.54		$	0.33
Diluted		0.54			0.33

XML

Note 4 - Revenue Recognition From Contracts With Customers

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

Note

4.

Revenue Recognition from Contracts with Customers

The Company adopted ASC

606

using the modified retrospective method applied to all contracts

not

completed as of

January 1, 2018.

Results for reporting periods beginning after

January 1, 2018

are presented under ASC

606

while prior periods amounts continue to be reported in accordance with legacy GAAP. The adoption of ASC

606

resulted in a change in recognition of revenue for insurance commissions. There were

no

changes in the accounting for all other in-scope revenue streams.

The Company generally fully satisfies its performance obligations on contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying ASC

606

that significantly affects the determination of the amount and timing of revenue from contracts with customers.

All of the Company’s revenue from contracts with customers within the scope of ASC

606

is recognized as Non-Interest Income with the exception of Other Real Estate Owned Expense (Income), which is accounted for in Non-Interest Expense. The following table presents the Company’s sources of Non-Interest Income and Expense as of the periods indicated:

	(Dollars in thousands)
	Three Months Ended
	March 31, 2019			March 31, 2018
NONINTEREST INCOME
Service Fees on Deposit Accounts (a)	$	753		$	591
Insurance Commissions		1,151			931
Other Commissions (c)		158			433
Net Gains on Sales of Loans (b)		92			8
Net Loss on Sales of Investments (b)		(60	)		-
Fair Value of Equity Securities (b)		20			(25	)
Net Gains on Purchased Tax Credits (b)		9			11
Net Loss on Disposal of Fixed Assets (b)		(6	)		-
Income from Bank-Owned Life Insurance (b)		132			108
Other (b)		66			29
Total non-interest income		2,315			2,086
NONINTEREST EXPENSE
Other Real Estate Owned Expense		(63	)		7
Total non-interest expense		(63	)		7
Net non-interest income	$	2,378		$	2,079

(a) Interchange fees and ATM fees are included within this line item.

(b) Not within the scope of ASC 606.

(c) The Other Commissions category includes wealth management referral fees, check sales and safe deposit box rentals totaling $69,000 and $42,000 for the three months ended March 31, 2019 and 2018, respectively, which are in the scope of ASC 606; the remaining balances of $89,000 and $391,000 for the three months ended March 31, 2019 and 2018, respectively, represent income derived from other various commissions and a bank-owned life insurance policy claim for the three months ended March 31, 2018, which are all outside the scope of ASC 606. The following narrative describes the Company’s revenue streams accounted for under the guidance of ASC 606 as follows:

Service Fees on Deposit Accounts

: The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees include services fees for ATM uses, stop payment charges, statement production, ACH and wire fees, which are recognized into income at the occurrence of an executed transaction and the point in time the Company fulfills the customer’s request. Account maintenance fees, which are primarily based on monthly maintenance activities, are earned over the course of the month, and satisfy the Company’s performance obligation. Overdraft fees are recognized as the overdrafts on customer’s accounts are incurred. The services fees on deposit accounts are automatically withdrawn from the customer’s accounts balance per their account agreement with the Company.

Interchange Fees

: The Company earns interchange fees from debit/credit cardholder transactions conducted through the MasterCard network for our debit cards and through the Visa network for our credit cards. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. The Company currently does

not

offer a cardholder rewards program.

Insurance Commissions

: The Company’s insurance subsidiary, Exchange Underwriters, derives commission and fee income from direct and agency bill insurance policies. Direct bill policies are invoiced directly from the insurance company provider to the customer. Once the customer remits payment for the policy, the insurance company provider then remits the commission or fee income to EU on a monthly basis. Agency bill policies are invoiced from EU, the insurance underwriting agency, to the customer. EU records the insurance company policy payable and the commission or fee income earned on the policy. As all insurance policies are contracts with customers, each policy has different terms and conditions.

EU utilizes a report from their core insurance data processing program, The Agency Manager, otherwise known as “TAM”. The report from TAM captures all in force policies that are active in the system and annualizes the commission over the life of each individual contract. The report then provides an overall commission and fee income total for the monthly reporting financial statement period. This income is then compared to the amount of direct and agency bill income recorded in TAM for the reporting month and an adjustment to income is made according to the report and this is the income recognized for the portion of the insurance contract that has been earned by EU.

Other Commissions

: The Company earns other commissions, such as, wealth management referral fees, check sales and safe deposit box rentals to customers. The wealth management referral fees are earned as a referral of a bank customer initiates a customer relationship with an associated wealth management firm. These fees fulfill the contract/agreement between the Company and the wealth management firm. Check sales are recognized as customers contact the Company for check supplies or the customer initiates the check order through the Company website to our

third

party check company. These commissions are recognized as the

third

party check company satisfies the contract of providing check stock to our customers. Safe deposit box rental income is recognized on a monthly basis, per each contract agreement with our customers. The safe deposit box income is automatically withdrawn from the customer’s deposit account on a monthly basis as this revenue is earned by the contract.

Gains/Losses on Sales of OREO

: The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. It is

not

common policy that the Company will finance an OREO property with the buyer. It is the Company’s belief that once loan collateral has been recognized as an OREO property, it needs to be sold to free the Company of any additional possible loss exposure. In addition, the Company occasionally will receive ownership in mineral rights with an OREO property. It has been the Company’s practice to retain ownership in the mineral rights and proceed to recognize the value of these rights to offset any potential loss exposure.

XML

Note 5 - Investment Securities

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Note

5.

Investment Securities

The following table presents the amortized cost and fair value of investment securities available-for-sale at the dates indicated:

	(Dollars in thousands)
	March 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Go vernment Agencies	$	82,526	$	389	$	(1,012	)	$	81,903
Obligations of States and Political Subdivisions		33,446		494		(33	)		33,907
Mortgage-Backed Securities - Government-Sponsored Enterprises		105,013		1,562		(208	)		106,367
Equity Securities - Mutual Funds		1,000		-		(20	)		980
Equity Securities - Other		1,520		79		(83	)		1,516
Total	$	223,505	$	2,524	$	(1,356	)	$	224,673

	December 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government Agencies	$	82,506	$	160	$	(2,087	)	$	80,579
Obligations of States and Political Subdivisions		44,737		230		(366	)		44,601
Mortgage-Backed Securities - Government-Sponsored Enterprises		97,535		582		(346	)		97,771
Equity Securities - Mutual Funds		1,000		-		(32	)		968
Equity Securities - Other		1,502		92		(104	)		1,490
Total	$	227,280	$	1,064	$	(2,935	)	$	225,409

The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at the dates indicated:

	(Dollars in thousands)
	March 31, 2019
	Less than 12 months							12 Months or Greater							Total
	Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses
U.S. Government Agencies		-	$	-	$	-			23	$	66,513	$	(1,012	)		23	$	66,513	$	(1,012	)
Obligations of States and Political Subdivisions		-		-		-			14		7,052		(33	)		14		7,052		(33	)
Mortgage-Backed Securities - Government Sponsored Enterprises		-		-		-			9		13,402		(208	)		9		13,402		(208	)
Equity Securities - Mutual Fund		1		482		(18	)		1		498		(2	)		2		980		(20	)
Equity Securities - Other		11		808		(71	)		2		148		(12	)		13		956		(83	)
Total		12	$	1,290	$	(89	)		49	$	87,613	$	(1,267	)		61	$	88,903	$	(1,356	)

	December 31, 2018
	Less than 12 months							12 Months or Greater							Total
	Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses
U.S. Government Agencies		-	$	-	$	-			23	$	65,450	$	(2,087	)		23	$	65,450	$	(2,087	)
Obligations of States and Political Subdivisions		24		13,212		(133	)		25		11,918		(233	)		49		25,130		(366	)
Mortgage-Backed Securities - Government Sponsored Enterprises		-		-		-			9		13,874		(346	)		9		13,874		(346	)
Equity Securities - Mutual Fund		2		968		(32	)		-		-		-			2		968		(32	)
Equity Securities - Other		7		592		(68	)		3		225		(36	)		10		817		(104	)
Total		33	$	14,772	$	(233	)		60	$	91,467	$	(2,702	)		93	$	106,239	$	(2,935	)

For debt securities, the Company does

not

believe that any individual unrealized loss as of

March 31, 2019

or

December 31, 2018,

represents an other-than-temporary impairment. The Company performs a review of the entire securities portfolio on a quarterly basis to identify securities that

may

indicate an other-than-temporary impairment. The Company’s management considers the length of time and the extent to which the fair value has been less than cost, and the financial condition of the issuer. The securities that are temporarily impaired at

March 31, 2019

and

December 31, 2018

relate principally to changes in interest rates subsequent to the acquisition of the specific securities. The Company does

not

intend to sell or it is

not

more likely than

not

that it will be required to sell any of the securities in an unrealized loss position before recovery of its amortized cost or maturity of the security.

The following table presents the scheduled maturities of investment securities as of the date indicated:

	(Dollars in thousands)
	March 31, 2019
	Available-for-Sale
	Amortized Cost		Fair Value
Due in One Year or Less	$	3,526	$	3,551
Due after One Year through Five Years		69,212		68,355
Due after Five Years through Ten Years		45,987		46,543
Due after Ten Years		104,780		106,224
Total	$	223,505	$	224,673

Equity Securities – Mutual Funds and Equity Securities – Other do

not

have a scheduled maturity date, but have been included in the Due After Ten Years category.

XML

Note 6 - Loans and Related Allowance for Loan Loss

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Note

6.

Loans and Related Allowance for Loan Loss

The Company’s loan portfolio is made up of

four

classifications: real estate loans, commercial and industrial loans, consumer loans and other loans. These segments are further segregated between loans accounted for under the amortized cost method (“Originated Loans”) and acquired loans that were originally recorded at fair value with

no

carryover of the related pre-merger allowance for loan losses (“Loans Acquired at Fair Value”). The following table presents the classifications of loans as of the dates indicated.

	(Dollars in thousands)
	March 31, 2019						December 31, 2018
	Amount			Percent			Amount			Percent
Originated Loans
Real Estate:
Residential	$	239,327			33.0	%	$	235,492			32.6	%
Commercial		227,503			31.4			229,455			31.8
Construction		55,982			7.7			46,824			6.5
Commercial and Industrial		72,917			10.1			78,466			10.9
Consumer		116,619			16.1			119,731			16.6
Other		12,205			1.7			11,623			1.6
Total Originated Loans		724,553			100.0	%		721,591			100.0	%
Allowance for Loan Losses		(8,793	)					(8,942	)
Loans, Net	$	715,760					$	712,649
Loans Acquired at Fair Value
Real Estate:
Residential	$	87,079			47.2	%	$	91,277			47.8	%
Commercial		75,533			40.9			77,609			40.5
Construction		3,981			2.2			2,000			1.0
Commercial and Industrial		10,771			5.9			12,997			6.8
Consumer		2,150			1.2			2,510			1.3
Other		4,729			2.6			4,888			2.6
Total Loans Acquired at Fair Value		184,243			100.0	%		191,281			100.0	%
Allowance for Loan Losses		(619	)					(616	)
Loans, Net	$	183,624					$	190,665
Total Loans
Real Estate:
Residential	$	326,406			35.9	%	$	326,769			35.9	%
Commercial		303,036			33.3			307,064			33.6
Construction		59,963			6.6			48,824			5.3
Commercial and Industrial		83,688			9.2			91,463			10.0
Consumer		118,769			13.1			122,241			13.4
Other		16,934			1.9			16,511			1.8
Total Loans		908,796			100.0	%		912,872			100.0	%
Allowance for Loan Losses		(9,412	)					(9,558	)
Loans, Net	$	899,384					$	903,314

Total unamortized net deferred loan fees were

$850,000

and

$926,000

at

March 31, 2019

and

December 31, 2018,

respectively.

Real estate loans serviced for others, which are

not

included in the Consolidated Statement of Financial Condition, totaled

$102.4

million and

$99.0

million at

March 31, 2019

and

December 31, 2018,

respectively.

The following table presents loans summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. At

March 31, 2019

and

December 31, 2018,

there were

no

loans in the criticized category of Loss within the internal risk rating system.

	(Dollars in thousands) March 31, 2019
	Pass		Special Mention		Substandard		Doubtful		Total
Originated Loans
Real Estate:
Residential	$	237,419	$	1,048	$	860	$	-	$	239,327
Commercial		214,742		10,706		922		1,133		227,503
Construction		52,695		2,902		385		-		55,982
Commercial and Industrial		66,365		4,707		813		1,032		72,917
Consumer		116,554		-		65		-		116,619
Other		11,705		500		-		-		12,205
Total Originated Loans	$	699,480	$	19,863	$	3,045	$	2,165	$	724,553
Loans Acquired at Fair Value
Real Estate:
Residential	$	86,098	$	-	$	981	$	-	$	87,079
Commercial		67,972		7,087		474		-		75,533
Construction		3,981		-		-		-		3,981
Commercial and Industrial		10,755		-		16		-		10,771
Consumer		2,150		-		-		-		2,150
Other		4,629		100		-		-		4,729
Total Loans Acquired at Fair Value	$	175,585	$	7,187	$	1,471	$	-	$	184,243
Total Loans
Real Estate:
Residential	$	323,517	$	1,048	$	1,841	$	-	$	326,406
Commercial		282,714		17,793		1,396		1,133		303,036
Construction		56,676		2,902		385		-		59,963
Commercial and Industrial		77,120		4,707		829		1,032		83,688
Consumer		118,704		-		65		-		118,769
Other		16,334		600		-		-		16,934
Total Loans	$	875,065	$	27,050	$	4,516	$	2,165	$	908,796

	December 31, 2018
	Pass		Special  Mention		Substandard		Doubtful		Total
Originated Loans
Real Estate:
Residential	$	233,872	$	1,071	$	549	$	-	$	235,492
Commercial		222,279		5,301		704		1,171		229,455
Construction		43,522		2,902		400		-		46,824
Commercial and Industrial		68,553		8,618		228		1,067		78,466
Consumer		119,648		-		83		-		119,731
Other		11,623		-		-		-		11,623
Total Originated Loans	$	699,497	$	17,892	$	1,964	$	2,238	$	721,591
Loans Acquired at Fair Value
Real Estate:
Residential	$	89,490	$	851	$	936	$	-	$	91,277
Commercial		69,954		7,175		480		-		77,609
Construction		2,000		-		-		-		2,000
Commercial and Industrial		12,981		-		16		-		12,997
Consumer		2,510		-		-		-		2,510
Other		4,785		103		-		-		4,888
Total Loans Acquired at Fair Value	$	181,720	$	8,129	$	1,432	$	-	$	191,281
Total Loans
Real Estate:
Residential	$	323,362	$	1,922	$	1,485	$	-	$	326,769
Commercial		292,233		12,476		1,184		1,171		307,064
Construction		45,522		2,902		400		-		48,824
Commercial and Industrial		81,534		8,618		244		1,067		91,463
Consumer		122,158		-		83		-		122,241
Other		16,408		103		-		-		16,511
Total Loans	$	881,217	$	26,021	$	3,396	$	2,238	$	912,872

The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated.

	(Dollars in thousands) March 31, 2019
	Loans Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Non- Accrual		Total  Loans
Originated Loans
Real Estate:
Residential	$	236,800	$	1,362	$	62	$	64	$	1,488	$	1,039	$	239,327
Commercial		227,202		39		5		-		44		257		227,503
Construction		55,982		-		-		-		-		-		55,982
Commercial and Industrial		69,783		2,315		-		-		2,315		819		72,917
Consumer		115,595		882		19		57		958		66		116,619
Other		12,205		-		-		-		-		-		12,205
Total Originated Loans	$	717,567	$	4,598	$	86	$	121	$	4,805	$	2,181	$	724,553
Loans Acquired at Fair Value
Real Estate:
Residential	$	85,217	$	440	$	-	$	-	$	440	$	1,422	$	87,079
Commercial		75,457		76		-		-		76		-		75,533
Construction		3,981		-		-		-		-		-		3,981
Commercial and Industrial		10,691		64		-		-		64		16		10,771
Consumer		2,150		-		-		-		-		-		2,150
Other		4,729		-		-		-		-		-		4,729
Total Loans Acquired at Fair Value	$	182,225	$	580	$	-	$	-	$	580	$	1,438	$	184,243
Total Loans
Real Estate:
Residential	$	322,017	$	1,802	$	62	$	64	$	1,928	$	2,461	$	326,406
Commercial		302,659		115		5		-		120		257		303,036
Construction		59,963		-		-		-		-		-		59,963
Commercial and Industrial		80,474		2,379		-		-		2,379		835		83,688
Consumer		117,745		882		19		57		958		66		118,769
Other		16,934		-		-		-		-		-		16,934
Total Loans	$	899,792	$	5,178	$	86	$	121	$	5,385	$	3,619	$	908,796

	December 31, 2018
	Loans Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Non- Accrual		Total  Loans
Originated Loans
Real Estate:
Residential	$	232,967	$	1,374	$	72	$	324	$	1,770	$	755	$	235,492
Commercial		229,189		84		182		-		266		-		229,455
Construction		46,824		-		-		-		-		-		46,824
Commercial and Industrial		77,222		216		-		-		216		1,028		78,466
Consumer		118,256		1,319		70		3		1,392		83		119,731
Other		11,623		-		-		-		-		-		11,623
Total Originated Loans	$	716,081	$	2,993	$	324	$	327	$	3,644	$	1,866	$	721,591
Loans Acquired at Fair Value
Real Estate:
Residential	$	89,405	$	408	$	65	$	-	$	473	$	1,399	$	91,277
Commercial		77,532		77		-		-		77		-		77,609
Construction		2,000		-		-		-		-		-		2,000
Commercial and Industrial		12,929		52		-		-		52		16		12,997
Consumer		2,491		18		1		-		19		-		2,510
Other		4,888		-		-		-		-		-		4,888
Total Loans Acquired at Fair Value	$	189,245	$	555	$	66	$	-	$	621	$	1,415	$	191,281
Total Loans
Real Estate:
Residential	$	322,372	$	1,782	$	137	$	324	$	2,243	$	2,154	$	326,769
Commercial		306,721		161		182		-		343		-		307,064
Construction		48,824		-		-		-		-		-		48,824
Commercial and Industrial		90,151		268		-		-		268		1,044		91,463
Consumer		120,747		1,337		71		3		1,411		83		122,241
Other		16,511		-		-		-		-		-		16,511
Total Loans	$	905,326	$	3,548	$	390	$	327	$	4,265	$	3,281	$	912,872

The following table sets forth the amounts and categories of our nonperforming assets at the dates indicated. Included in nonperforming loans and assets are troubled debt restructurings (“TDRs”), which are loans whose contractual terms have been restructured in a manner which grants a concession to a borrower experiencing financial difficulties. Nonaccrual TDRs are included in their specific loan category in the nonaccrual loans section.

	(Dollars in Thousands)
	March 31, 2019			December 31, 2018
Nonaccrual Loans:
Originated Loans:
Real Estate:
Residential	$	1,039		$	755
Commercial		257			-
Commercial and Industrial		819			1,028
Consumer		66			83
Total Originated Nonaccrual Loans		2,181			1,866
Loans Acquired at Fair Value:
Real Estate:
Residential		1,422			1,399
Commercial and Industrial		16			16
Total Loans Acquired at Fair Value Nonaccrual Loans		1,438			1,415
Total Nonaccrual Loans		3,619			3,281
Accruing Loans Past Due 90 Days or More:
Originated Loans:
Real Estate:
Residential		64			324
Consumer		57			3
Total Originated Accruing Loans 90 Days or More Past Due		121			327
Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due		3,740			3,608
Troubled Debt Restructurings, Accruing:
Originated Loans:
Real Estate - Residential		86			26
Real Estate - Commercial		970			980
Commercial and Industrial		133			154
Total Originated Loans		1,189			1,160
Loans Acquired at Fair Value:
Real Estate - Residential		356			1,212
Real Estate - Commercial		323			333
Total Loans Acquired at Fair Value		679			1,545
Total Troubled Debt Restructurings, Accruing		1,868			2,705
Total Nonperforming Loans		5,608			6,313
Real Estate Owned:
Residential		-			46
Commercial		174			871
Total Real Estate Owned		174			917
Total Nonperforming Assets	$	5,782		$	7,230
Nonperforming Loans to Total Loans		0.62	%		0.69	%
Nonperforming Assets to Total Assets		0.44			0.56

The recorded investment of residential real estate loans for which formal foreclosure proceedings were in process according to applicable requirements of the local jurisdiction was

$1.1

million and

$1.4

million at

March 31, 2019

and

December 31, 2018,

respectively.

TDRs typically are the result of our loss mitigation activities whereby concessions are granted to minimize loss and avoid foreclosure or repossession of collateral. The concessions granted for the TDRs in the portfolio primarily consist of, but are

not

limited to, modification of payment or other terms, temporary rate modification and extension of maturity date. Loans classified as TDRs consisted of

12

loans totaling

$2.8

million and

$3.6

million at

March 31, 2019

and

December 31, 2018,

respectively. Originated loans classified as TDRs consisted of

seven

loans totaling

$2.1

million and

six

loans totaling

$2.1

million at

March 31, 2019

and

December 31, 2018,

respectively. Loans acquired at fair value classified as TDRs consisted of

five

loans totaling

$679,000

and

six

loans totaling

$1.5

million at

March 31, 2019

and

December 31, 2018,

respectively.

During the

three

months ended

March 31, 2019,

one

residential real estate loan previously identified as an acquired loan at fair value TDR paid off.

During the

three

months ended

March 31, 2019,

one

originated residential real estate loan modified in a TDR transaction by extending the term of the loan. During the

three

months ended

March 31, 2018,

one

originated commercial and industrial TDR loan was fully charged-off due to declining updated financial information,

one

originated consumer loan previously identified as a TDR paid off and

one

commercial and industrial loan previously identified as an acquired loan at fair value paid off.

No

TDRs subsequently defaulted during the

three

months ended

March 31, 2019.

The following table presents information at the time of modification related to loans modified in a TDR during the

three

months ended

March 31, 2019.

	(Dollars in thousands) Three Months Ended March 31, 2019
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Related Allowance
Originated Loans
Real Estate
Residential		1	$	61	$	61	$	-
Total		1	$	61	$	61	$	-

The following table presents a summary of the loans considered to be impaired as of the dates indicated.

	(Dollars in thousands) March 31, 2019
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Originated Loans
Real Estate:
Residential	$	150	$	-	$	153	$	155	$	2
Commercial		1,747		-		1,755		1,768		20
Construction		385		-		385		392		6
Commercial and Industrial		946		-		947		985		12
Total With No Related Allowance Recorded	$	3,228	$	-	$	3,240	$	3,300	$	40
Loans Acquired at Fair Value
Real Estate:
Residential	$	356	$	-	$	356	$	358	$	4
Commercial		2,441		-		2,441		2,454		35
Total With No Related Allowance Recorded	$	2,797	$	-	$	2,797	$	2,812	$	39
Total Loans
Real Estate:
Residential	$	506	$	-	$	509	$	513	$	6
Commercial		4,188		-		4,196		4,222		55
Construction		385		-		385		392		6
Commercial and Industrial		946		-		947		985		12
Other		-		-		-		-		-
Total With No Related Allowance Recorded	$	6,025	$	-	$	6,037	$	6,112	$	79
With A Related Allowance Recorded:
Originated Loans
Real Estate:
Commercial	$	653	$	193	$	653	$	664	$	9
Commercial and Industrial		1,032		777		1,148		1,160		16
Total With A Related Allowance Recorded	$	1,685	$	970	$	1,801	$	1,824	$	25
Loans Acquired at Fair Value
Real Estate:
Commercial	$	41	$	6	$	42	$	43	$	1
Commercial and Industrial		16		7		16		16		-
Total With A Related Allowance Recorded	$	57	$	13	$	58	$	59	$	1
Total Loans
Real Estate:
Commercial	$	694	$	199	$	695	$	707	$	10
Commercial and Industrial		1,048		784		1,164		1,176		16
Total With A Related Allowance Recorded	$	1,742	$	983	$	1,859	$	1,883	$	26

	March 31, 2019 (cont.)
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Total Impaired Loans:
Originated Loans
Real Estate:
Residential	$	150	$	-	$	153	$	155	$	2
Commercial		2,400		193		2,408		2,432		29
Construction		385		-		385		392		6
Commercial and Industrial		1,978		777		2,095		2,145		28
Other		-		-		-		-		-
Total Impaired Loans	$	4,913	$	970	$	5,041	$	5,124	$	65
Loans Acquired at Fair Value
Real Estate:
Residential	$	356	$	-	$	356	$	358	$	4
Commercial		2,482		6		2,483		2,497		36
Construction		-		-		-		-		-
Commercial and Industrial		16		7		16		16		-
Other		-		-		-		-		-
Total Impaired Loans	$	2,854	$	13	$	2,855	$	2,871	$	40
Total Loans
Real Estate:
Residential	$	506	$	-	$	509	$	513	$	6
Commercial		4,882		199		4,891		4,929		65
Construction		385		-		385		392		6
Commercial and Industrial		1,994		784		2,111		2,161		28
Other		-		-		-		-		-
Total Impaired Loans	$	7,767	$	983	$	7,896	$	7,995	$	105

	December 31, 2018
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Originated Loans
Real Estate:
Residential	$	71	$	-	$	74	$	82	$	4
Commercial		1,550		-		1,550		1,626		74
Construction		400		-		400		466		25
Commercial and Industrial		382		-		394		403		5
Total With No Related Allowance Recorded	$	2,403	$	-	$	2,418	$	2,577	$	108
Loans Acquired at Fair Value
Real Estate:
Residential	$	1,212	$	-	$	1,212	$	1,234	$	63
Commercial		2,466		-		2,466		1,868		123
Total With No Related Allowance Recorded	$	3,678	$	-	$	3,678	$	3,102	$	186
Total Loans
Real Estate:
Residential	$	1,283	$	-	$	1,286	$	1,316	$	67
Commercial		4,016		-		4,016		3,494		197
Construction		400		-		400		466		25
Commercial and Industrial		382		-		394		403		5
Total With No Related Allowance Recorded	$	6,081	$	-	$	6,096	$	5,679	$	294
With A Related Allowance Recorded:
Originated Loans
Real Estate:
Commercial	$	674	$	211	$	674	$	716	$	40
Commercial and Industrial		1,066		787		1,171		1,193		63
Total With A Related Allowance Recorded	$	1,740	$	998	$	1,845	$	1,909	$	103
Loans Acquired at Fair Value
Real Estate:
Commercial	$	44	$	8	$	44	$	29	$	3
Commercial and Industrial		16		6		16		16		-
Total With A Related Allowance Recorded	$	60	$	14	$	60	$	45	$	3
Total Loans
Real Estate:
Commercial	$	718	$	219	$	718	$	745	$	43
Commercial and Industrial		1,082		793		1,187		1,209		63
Total With A Related Allowance Recorded	$	1,800	$	1,012	$	1,905	$	1,954	$	106

	December 31, 2018 (cont.)
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Total Impaired Loans
Originated Loans
Real Estate:
Residential	$	71	$	-	$	74	$	82	$	4
Commercial		2,224		211		2,224		2,342		114
Construction		400		-		400		466		25
Commercial and Industrial		1,448		787		1,565		1,596		68
Total Impaired Loans	$	4,143	$	998	$	4,263	$	4,486	$	211
Loans Acquired at Fair Value
Real Estate:
Residential	$	1,212	$	-	$	1,212	$	1,234	$	63
Commercial		2,510		8		2,510		1,897		126
Commercial and Industrial		16		6		16		16		-
Total Impaired Loans	$	3,738	$	14	$	3,738	$	3,147	$	189
Total Loans
Real Estate:
Residential	$	1,283	$	-	$	1,286	$	1,316	$	67
Commercial		4,734		219		4,734		4,239		240
Construction		400		-		400		466		25
Commercial and Industrial		1,464		793		1,581		1,612		68
Total Impaired Loans	$	7,881	$	1,012	$	8,001	$	7,633	$	400

The following table presents the activity in the allowance for loan losses summarized by major classifications and segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for potential impairment at the dates and for the periods indicated.

	(Dollars in thousands) March 31, 2019
	Real Estate Residential		Real Estate Commercial			Real Estate Construction		Commercial and Industrial			Consumer			Other		Unallocated		Total
Originated Loans
December 31, 2018	$	1,050	$	2,217		$	395	$	2,698		$	2,027		$	-	$	555	$	8,942
Charge-offs		-		-			-		-			(212	)		-		-		(212	)
Recoveries		4		12			-		1			21			-		-		38
Provision		100		(102	)		105		(231	)		(103	)		-		256		25
March 31, 2019	$	1,154	$	2,127		$	500	$	2,468		$	1,733		$	-	$	811	$	8,793
Loans Acquired at Fair Value
December 31, 2018	$	-	$	476		$	-	$	109		$	-		$	-	$	31	$	616
Charge-offs		-		-			-		-			(1	)		-		-		(1	)
Recoveries		-		1			-		-			3			-		-		4
Provision		-		(54	)		-		(24	)		(2	)		-		80		-
March 31, 2019	$	-	$	423		$	-	$	85		$	-		$	-	$	111	$	619
Total Allowance for Loan Losses
December 31, 2018	$	1,050	$	2,693		$	395	$	2,807		$	2,027		$	-	$	586	$	9,558
Charge-offs		-		-			-		-			(213	)		-		-		(213	)
Recoveries		4		13			-		1			24			-		-		42
Provision		100		(156	)		105		(255	)		(105	)		-		336		25
March 31, 2019	$	1,154	$	2,550		$	500	$	2,553		$	1,733		$	-	$	922	$	9,412

	March 31, 2019
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	193	$	-	$	777	$	-	$	-	$	-	$	970
Collectively Evaluated for Potential Impairment	$	1,154	$	1,934	$	500	$	1,691	$	1,733	$	-	$	811	$	7,823
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	6	$	-	$	7	$	-	$	-	$	-	$	13
Collectively Evaluated for Potential Impairment	$	-	$	417	$	-	$	78	$	-	$	-	$	111	$	606
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	199	$	-	$	784	$	-	$	-	$	-	$	983
Collectively Evaluated for Potential Impairment	$	1,154	$	2,351	$	500	$	1,769	$	1,733	$	-	$	922	$	8,429

	December 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	211	$	-	$	787	$	-	$	-	$	-	$	998
Collectively Evaluated for Potential Impairment	$	1,050	$	2,006	$	395	$	1,911	$	2,027	$	-	$	555	$	7,944
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	8	$	-	$	6	$	-	$	-	$	-	$	14
Collectively Evaluated for Potential Impairment	$	-	$	468	$	-	$	103	$	-	$	-	$	31	$	602
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	219	$	-	$	793	$	-	$	-	$	-	$	1,012
Collectively Evaluated for Potential Impairment	$	1,050	$	2,474	$	395	$	2,014	$	2,027	$	-	$	586	$	8,546

	March 31, 2018
	Real Estate Residential			Real Estate Commercial			Real Estate Construction			Commercial and Industrial			Consumer			Other		Unallocated			Total
Originated Loans
December 31, 2017	$	891		$	1,799		$	276		$	2,461		$	2,358		$	-	$	430		$	8,215
Charge-offs		(27	)		-			-			(1,398	)		(141	)		-		-			(1,566	)
Recoveries		4			-			-			2			45			-		-			51
Provision		7			407			(120	)		1,706			(106	)		-		(394	)		1,500
March 31, 2018	$	875		$	2,206		$	156		$	2,771		$	2,156		$	-	$	36		$	8,200
Loans Acquired at Fair Value
December 31, 2017	$	-		$	490		$	-		$	83		$	-		$	-	$	8		$	581
Charge-offs		-			-			-			-			-			-		-			-
Recoveries		1			114			-			-			-			-		-			115
Provision		(1	)		(117	)		-			84			-			-		34			-
March 31, 2018	$	-		$	487		$	-		$	167		$	-		$	-	$	42		$	696
Total Allowance for Loan Losses
December 31, 2017	$	891		$	2,289		$	276		$	2,544		$	2,358		$	-	$	438		$	8,796
Charge-offs		(27	)		-			-			(1,398	)		(141	)		-		-			(1,566	)
Recoveries		5			114			-			2			45			-		-			166
Provision		6			290			(120	)		1,790			(106	)		-		(360	)		1,500
March 31, 2018	$	875		$	2,693		$	156		$	2,938		$	2,156		$	-	$	78		$	8,896

	March 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	351	$	-	$	1,264	$	-	$	-	$	-	$	1,615
Collectively Evaluated for Potential Impairment	$	875	$	1,855	$	156	$	1,507	$	2,156	$	-	$	36	$	6,585
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	-	$	-	$	3	$	-	$	-	$	-	$	3
Collectively Evaluated for Potential Impairment	$	-	$	487	$	-	$	164	$	-	$	-	$	42	$	693
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	351	$	-	$	1,267	$	-	$	-	$	-	$	1,618
Collectively Evaluated for Potential Impairment	$	875	$	2,342	$	156	$	1,671	$	2,156	$	-	$	78	$	7,278

The following table presents changes in the accretable discount on the loans acquired at fair value for the dates indicated (dollars in thousands).

	Accretable Discount
Balance at December 31, 2018	$	1,912
Accretable Yield		(60	)
Balance at March 31, 2019	$	1,852

The following table presents the major classifications of loans summarized by individually evaluated for impairment and collectively evaluated for potential impairment as of the dates indicated.

	(Dollars in thousands) March 31, 2019
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Total
Originated Loans
Individually Evaluated for Impairment	$	150	$	2,400	$	385	$	1,978	$	-	$	-	$	4,913
Collectively Evaluated for Potential Impairment		239,177		225,103		55,597		70,939		116,619		12,205		719,640
	$	239,327	$	227,503	$	55,982	$	72,917	$	116,619	$	12,205	$	724,553
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	356	$	2,482	$	-	$	16	$	-	$	-	$	2,854
Collectively Evaluated for Potential Impairment		86,723		73,051		3,981		10,755		2,150		4,729		181,389
	$	87,079	$	75,533	$	3,981	$	10,771	$	2,150	$	4,729	$	184,243
Total Loans
Individually Evaluated for Impairment	$	506	$	4,882	$	385	$	1,994	$	-	$	-	$	7,767
Collectively Evaluated for Potential Impairment		325,900		298,154		59,578		81,694		118,769		16,934		901,029
	$	326,406	$	303,036	$	59,963	$	83,688	$	118,769	$	16,934	$	908,796

	December 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Total
Originated Loans
Individually Evaluated for Impairment	$	71	$	2,224	$	400	$	1,448	$	-	$	-	$	4,143
Collectively Evaluated for Potential Impairment		235,421		227,231		46,424		77,018		119,731		11,623		717,448
	$	235,492	$	229,455	$	46,824	$	78,466	$	119,731	$	11,623	$	721,591
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	1,212	$	2,510	$	-	$	16	$	-	$	-	$	3,738
Collectively Evaluated for Potential Impairment		90,065		75,099		2,000		12,981		2,510		4,888		187,543
	$	91,277	$	77,609	$	2,000	$	12,997	$	2,510	$	4,888	$	191,281
Total Loans
Individually Evaluated for Impairment	$	1,283	$	4,734	$	400	$	1,464	$	-	$	-	$	7,881
Collectively Evaluated for Potential Impairment		325,486		302,330		48,424		89,999		122,241		16,511		904,991
	$	326,769	$	307,064	$	48,824	$	91,463	$	122,241	$	16,511	$	912,872

XML

Note 7 - Leases

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

Note

7.

Leases

The Company evaluates all contracts at commencement to determine if a lease is present. The Company adopted ASC

842

using the prospective method approach to all identified lease contracts or agreements, which permits us

not

to restate comparative periods. The current period adoption also recognized the use of a number of practical measures that permitted the Company

not

to reevaluate prior assumptions regarding the identification and classification of leases. In accordance with ASC

842,

leases are defined as either operating or finance leases.

The Company identified

12

lease contracts as of ASC

842

adoption date,

January 1, 2019.

All lease contracts were classified as operating leases and created operating right-of-use, (“ROU”) assets and corresponding lease liabilities on the balance sheet. The leases are ROU assets of land and building for branch and loan production locations. These ROU assets are reported on the accrued interest and other assets line and the related lease liabilities on the accrued interest and other liabilities line on the Statement of Financial Condition.

The following tables present the ROU assets, lease expense, weighted average term, discount rate and maturity analysis of lease liabilities for operating leases at the date indicated.

(dollars in thousands, except weighted-averages)	March 31, 2019
Operating Lease Expense	$	123
Operating Leases
ROU Assets	$	1,888
Operating Cash Flows		115
Weighted Average Lease Term
Operating Leases		7.51
Weighted Average Discount Rate
Operating Leases		0.33	%

(dollars in thousands)	March 31, 2019
Maturity Analysis
2019	$	503
2020		420
2021		309
2022		144
2023		66
2024 and thereafter		446
Total	$	1,888
Less: Present Value Discount		34
Lease Liabilities	$	1,854

XML

Note 8 - Deposits

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note

8.

Deposits

The following table shows the maturities of time deposits for the next

five

years and beyond at the date indicated (dollars in thousands).

Maturity Period:	March 31, 2019
One Year or Less	$	88,128
Over One Through Two Years		52,156
Over Two Through Three Years		20,653
Over Three Through Four Years		41,368
Over Four Through Five Years		10,031
Over Five Years		5,844
Total	$	218,180

The balance in time deposits that meet or exceed the FDIC insurance limit of

$250,000

totaled

$70.0

million and

$68.0

million as of

March 31, 2019

and

December 31, 2018,

respectively.

XML

Note 9 - Short-term Borrowings

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Short-term Debt [Text Block]

Note

9.

Short-Term Borrowings

The following table sets forth the components of short-term borrowings as of the dates indicated.

	(Dollars in thousands)
	March 31, 2019					December 31, 2018
	Amount		Weighted Average Rate			Amount		Weighted Average Rate
Short-term Borrowings
Federal Funds Purchased:
Average Balance Outstanding During the Period	$	-		-	%	$	37		2.70	%
Maximum Amount Outstanding at any Month End		-					1,500
FHLB Borrowings:
Balance at Period End		-		-			-		-
Average Balance Outstanding During the Period		-		-			19,726		1.86
Maximum Amount Outstanding at any Month End		-					98,960
Securities Sold Under Agreements to Repurchase:
Balance at Period End		30,689		0.55			30,979		0.54
Average Balance Outstanding During the Period		32,204		0.58			29,300		0.53
Maximum Amount Outstanding at any Month End		34,197					35,661
Securities Collaterizing the Agreements at Period-End:
Carrying Value		47,691					48,131
Market Value		47,414					47,083

XML

Note 10 - Other Borrowed Funds

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Debt Disclosure [Text Block]

Note

10.

Other Borrowed Funds

Other borrowed funds consist of fixed rate advances from the Federal Home Loan Bank of Pittsburgh (“FHLB”). The following table sets forth the scheduled maturities of other borrowed funds at the dates indicated.

	(Dollars in thousands)
	March 31, 2019					December 31, 2018
	Amount		Weighted Average Rate			Amount		Weighted Average Rate
Due in One Year	$	6,000		1.88	%	$	6,000		1.78	%
Due After One Year to Two Years		5,000		2.09			6,000		1.97
Due After Two Years to Three Years		3,000		2.23			5,000		2.18
Due After Three Years to Four Years		3,000		2.41			3,000		2.41
Due After Four Years to Five Years		-		-			-		-
Total	$	17,000		2.09		$	20,000		2.03

As of

March 31, 2019,

the Company maintained a credit arrangement with a maximum borrowing limit of approximately

$373.5

million with the FHLB. This arrangement is subject to annual renewal, incurs

no

service charge, and is secured by a blanket security agreement on outstanding residential mortgage loans and the Company’s investment in FHLB stock. Under this arrangement the Company had available a variable rate Line of Credit in the amount of

$147.0

million as of

March 31, 2019

and

December 31, 2018,

respectively, of which, there was

no

outstanding balance as of

March 31, 2019

and

December 31, 2018.

The Company maintains a Borrower-In-Custody of Collateral line of credit agreement with the Federal Reserve Bank (“FRB”) for

$107.0

million that requires monthly certification of collateral, is subject to annual renewal, incurs

no

service charge and is secured by commercial and consumer indirect auto loans. The Company also maintains multiple line of credit arrangements with various unaffiliated banks totaling

$60.0

million as of

March 31, 2019,

and

December 31, 2018,

respectively. As of

March 31, 2019

and

December 31, 2018,

no

draws had been taken on these facilities.

XML

Note 11 - Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

Note

11.

Commitments and Contingent Liabilities

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business primarily to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and performance letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Statement of Financial Condition. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and performance letters of credit written is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments.

Commitments and conditional obligations are evaluated the same as on-balance-sheet instruments but do

not

have a corresponding reserve recorded. The Company’s opinion on

not

implementing a corresponding reserve for off-balance-sheet instruments is supported by historical factors of

no

losses recorded due to these items. The Company is continually evaluating these items for credit quality and any future need for the corresponding reserve.

The following table presents the unused and available credit balances of financial instruments whose contracts represent credit risk at the dates indicated.

	(Dollars in thousands)
	March 31, 2019		December 31, 2018
Standby Letters of Credit	$	38,065	$	37,559
Performance Letters of Credit		3,309		3,544
Commitments to Extend Credit		2,782		2,783
Construction Mortgages		47,839		56,691
Personal Lines of Credit		6,575		6,186
Overdraft Protection Lines		6,315		6,140
Home Equity Lines of Credit		21,554		21,520
Commercial Lines of Credit		82,169		74,602
	$	208,608	$	209,025

Commitments to extend credit are agreements to lend to a customer as long as there is

no

violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and

may

require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do

not

necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies, but

may

include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties.

Performance letters of credit represent conditional commitments issued by the Company to guarantee the performance of a customer to a

third

party. These instruments are issued primarily to support bid or performance-related contracts. The coverage period for these instruments is typically a

one

-year period with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized upon expiration of the letter. For secured letters of credit, the collateral is typically Company deposit instruments or customer business assets.

XML

Note 12 - Fair Value Disclosure

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Fair Value Disclosures [Text Block]

Note

12.

Fair Value Disclosure

FASB ASC

820

“Fair Value Measurement” defines fair value and provides the framework for measuring fair value and required disclosures about fair value measurements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability at the transaction date. ASC

820

establishes a fair value hierarchy that prioritizes the inputs used in valuation methods to determine fair value.

The

three

levels of fair value hierarchy are as follows:

Level I – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets. These generally provide the most reliable evidence and are used to measure fair value whenever available.

Level II – Fair value is based on significant inputs, other than Level I inputs, that are observable either directly or indirectly for substantially the full term of the asset through corroboration with observable market data. Level II inputs include quoted market prices in active markets for similar assets, quoted market prices in markets that are not active for identical or similar assets, and other observable inputs.

Level III – Fair value would be based on significant unobservable inputs. Examples of valuation methodologies that would result in Level III classification include option pricing models, discounted cash flows, and other similar techniques.

This hierarchy requires the use of observable market data when available. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement.

The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statement of Financial Condition as of the dates indicated, by level within the fair value hierarchy. The majority of the Company’s securities are included in Level II of the fair value hierarchy. Fair values for Level II securities were primarily determined by a

third

party pricing service using both quoted prices for similar assets, when available, and model-based valuation techniques that derive fair value based on market-corroborated data, such as instruments with similar prepayment speeds and default interest rates. The standard inputs that are normally used include benchmark yields of like securities, reportable trades, broker/dealer quotes, issuer spreads,

two

-sided markets, benchmark securities, bids, offers, and reference data including market research publications. There were

no

transfers from Level I to Level II and

no

transfers into or out of Level III during the

three

months ended

March 31, 2019

or year ended

December 31, 2018.

		(Dollars in thousands)
	Fair Value Hierarchy	March 31, 2019		December 31, 2018
Available for Sales Securities:
U.S. Government Agencies	Level II	$	81,903	$	80,579
Obligations of States and Political Subdivisions	Level II		33,907		44,601
Mortgage-Backed Securities - Government-Sponsored Enterprises	Level II		106,367		97,771
Equity Securities - Mutual Funds	Level I		980		968
Equity Securities - Other	Level I		1,516		1,490
Total Available for Sale Securities		$	224,673	$	225,409

The following table presents the financial assets measured at fair value on a nonrecurring basis on the Consolidated Statement of Financial Condition as of the dates indicated by level within the fair value hierarchy. The table also presents the significant unobservable inputs used in the fair value measurements. Impaired loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include quoted market prices for identical assets classified as Level I inputs or observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs.

(Dollars in thousands)

Fair Value at

Significant

Fair Value

March 31,

December 31,

Valuation

Significant

Unobservable

Financial Asset

Hierarchy

2019

2018

Techniques

Unobservable Inputs

Input Value

Impaired Loans

Level III

$

759

$

788

Market Comparable Properties

Marketability Discount

10%

to

30%

(1)

OREO

Level III

-

46

Market Comparable Properties

Marketability Discount

10%

to

50%

(1)

(

1

)

Range includes discounts taken since appraisal and estimated values.

Impaired loans are evaluated when a loan is identified as impaired and valued at the lower of cost or fair value at that time. Fair value is measured based on the value of the collateral securing these loans and is classified as Level III in the fair value hierarchy. At

March 31, 2019

and

December 31, 2018,

the fair value of impaired loans consists of the loan balances of

$1.7

million and

$1.8

million, respectively, less their specific valuation allowances of

$983,000

and

$1.0

million, respectively.

Other real estate owned (OREO) properties are evaluated at the time of acquisition and recorded at fair value, less estimated selling costs. After acquisition, other real estate owned is recorded at the lower of cost or fair value, less estimated selling costs. The fair value of an other real estate owned property is determined from a qualified independent appraisal and is classified as Level III in the fair value hierarchy. During the

three

months ended

March 31, 2019,

one

commercial real estate OREO property with a fair value of

$697,000

and that was acquired with the FWVB merger, was sold at a

$33,000

gain and

one

OREO property, with a fair value of

$46,000

and that was acquired in the merger with FedFirst Financial Corporation, was sold for a

$3,000

loss. During the

three

months ended

March 31, 2018,

one

residential real estate OREO property was sold at a gain of

$12,000.

Financial instruments are defined as cash, evidence of an ownership in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a

second

entity on potentially favorable or unfavorable terms.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If

no

readily available market exists, the fair value estimates for financial instruments should be based upon management’s judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses and other factors, as determined through various option pricing formulas or simulation modeling. As many of these assumptions result from judgments made by management based upon estimates which are inherently uncertain, the resulting estimated fair values

may

not

be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in the assumptions on which the estimated fair values are based

may

have significant impact on the resulting estimated fair values.

As certain assets such as deferred tax assets and premises and equipment are

not

considered financial instruments, the estimated fair value of financial instruments would

not

represent the full value of the Company.

The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated.

		(Dollars in thousands)
		March 31, 2019				December 31, 2018
	Fair Value Hierarchy	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and Due From Banks:
Interest Bearing	Level I	$	54,245	$	54,245	$	36,736	$	36,736
Non-Interest Bearing	Level I		22,094		22,094		16,617		16,617
Investment Securities:
Available for Sale	See Above		224,673		224,673		225,409		225,409
Loans, Net	Level III		899,384		900,946		903,314		899,673
Restricted Stock	Level II		3,854		3,854		3,909		3,909
Bank-Owned Life Insurance	Level II		23,054		23,054		22,922		22,922
Accrued Interest Receivable	Level II		3,674		3,674		3,436		3,436
Financial Liabilities:
Deposits	Level II		1,105,465		1,106,354		1,086,658		1,085,708
Short-term Borrowings	Level II		30,689		30,689		30,979		30,979
Other Borrowed Funds	Level II		17,000		16,853		20,000		19,733
Accrued Interest Payable	Level II		770		770		594		594

XML

Note 13 - Income Taxes

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

Note

13.

Income Taxes

Due to the FWVB merger, deferred tax assets (“DTA”) were acquired and deferred tax liabilities (“DTL”) were assumed at

April 30, 2018.

These DTA’s and DTL’s were evaluated by management and the deferred taxes that were deemed obsolete due to the fair value measurement of assets and liabilities at the time of merger were charged against goodwill. In addition, the fair value adjustments that were provided by

third

party valuation specialists, were tax effected at the federal statutory rate of

21%.

The West Virginia (“WV”) state tax effect of

6.5%

times the appropriate WV state apportionment according to state revenue laws regarding nexus has been applied. Presented in the table below are the tax effects of deductible and taxable temporary differences that gave rise to significant portions of the net deferred tax assets and liabilities. The net change in deferred taxes is recorded in the accrued interest and other assets lines on the balance sheet.

	(Dollars in thousands)
	March 31, 2019			December 31, 2018
Deferred Tax Assets:
Allowance for Loan Losses	$	2,031		$	2,063
Amortization of Core Deposit Intangible		-			1
Amortization of Intangibles		74			72
Tax Credit Carryforwards		1,418			2,010
Unrealized Loss of AFS - Merger Tax Adjustment		894			894
Postretirement Benefits		28			30
Net Unrealized Loss on Securities		-			383
Passthrough Entities		2			2
Stock-Based Compensation Expense		36			28
Accrued Payroll		32			44
OREO		49			121
Purchase Accounting Adjustments - Acquired Loans		396			413
Deferred Compensation		-			55
Other		84			67
Gross Deferred Tax Assets		5,044			6,183
100% Valuation Allowance - AMT Tax Credit Carryforward  (1)		(1,311	)		(1,311	)
Deferred Tax Assets net of Valuation Allowance		3,733			4,872
Deferred Tax Liabilities:
Deferred Origination Fees and Costs		293			292
Depreciation		689			714
Net Unrealized Gain on Securities		251			-
Mortgage Servicing Rights		207			198
Purchase Accounting Adjustment - Core Deposit Intangible		2,256			2,361
Purchase Accounting Adjustments - Fixed Assets		310			321
Purchase Accounting Adjustments - Certificates of Deposit		135			175
Goodwill		415			412
Gross Deferred Tax Liabilities		4,556			4,473
Net Deferred Tax (Liabilities) Assets	$	(823	)	$	399

( 1 ) The 100% valuation allowance for AMT tax credit carry-forward acquired in the FWVB merger is due to an unaddressed tax deadline as of March 31, 2019. See below narrative for further explanation.

While the Tax Cuts and Jobs Act (“Tax Act”) was the

first

major overhaul of the Internal Revenue Code in the last

30

years, it has many items that are left unaddressed once certain tax deadlines pass and

no

formal regulations are known as of

March 31, 2019.

One of these unaddressed tax deadlines is the expiration of the AMT credit carry-forward after the

2021

tax year. Pre – Tax Act regulations allowed for AMT credits to carry-forward infinitely. It has been determined that an AMT credit carry-forward of approximately

$1.3

million, acquired in the FWVB merger on

April 30, 2018,

is in an uncertain tax position (“UTP”) and in accordance with FIN

48

–

Accounting for Uncertain Tax Positions

under ASC Topic

740,

a valuation allowance has been established for the AMT credit completely offsetting the deferred tax asset balance of

$1.3

million against goodwill. This is in accordance with ASC Topic

805

–

Business Combinations

, due to the AMT credit carry-forward being realized under current tax law and minimal possibility of utilization as of the

2021

tax year, deemed to have

no

current value and offset into goodwill as a purchase accounting adjustment.

No

other valuation allowance was established against the remaining deferred tax assets in view of the Company’s cumulative history of earnings and anticipated future taxable income as evidenced by the Company’s earnings potential at

March 31, 2019

and

December 31, 2018.

Deferred taxes at

March 31, 2019

and

December 31, 2018,

are included in other assets in the accompanying Consolidated Statement of Financial Condition.

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Note 14 - Other Noninterest Expense

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Other Operating Income and Expense [Text Block]

Note

14.

Other Noninterest Expense

The details of other noninterest expense for the Company’s consolidated statement of income for the

three

months ended

March 31, 2019

and

2018,

are as follows:

	(Dollars in thousands)
	Three Months Ended March 31,
	2019		2018
Other Noninterest Expense
Non-employee compensation	$	140	$	122
Printing and supplies		97		108
Postage		72		58
Telephone		143		112
Charitable contributions		41		29
Dues and subscriptions		52		66
Loan expenses		82		93
Meals and entertainment		55		34
Travel		35		38
Training		9		13
Miscellaneous		281		192
Total Other Noninterest Expense	$	1,007	$	865

XML

Note 15 - Segment and Related Information

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

15.

Segment and Related Information

At

March 31, 2019,

the Company’s business activities are comprised of

two

operating segments, which are community banking and insurance brokerage services. CB Financial Services, Inc. is the parent company of the Bank and Exchange Underwriters, a wholly-owned subsidiary of the Bank. Exchange Underwriters has an independent board of directors from the Company and is managed separately from the banking and related financial services that the Company offers. Exchange Underwriters is an independent insurance agency that offers property casualty, commercial liability, surety and other insurance products.

The following is a table of selected financial data for the Company’s subsidiaries and consolidated results at the dates and for the periods indicated.

(Dollars in thousands)	Community Bank		Exchange Underwriters, Inc.		CB Financial Services, Inc.			Net Eliminations			Consolidated
March 31, 2019
Assets	$	1,301,046	$	3,226	$	141,311		$	(142,990	)	$	1,302,593
Liabilities		1,162,839		834		(418	)		(2,391	)		1,160,864
Stockholders' equity		138,207		2,392		141,729			(140,599	)		141,729
December 31, 2018
Assets	$	1,278,513	$	5,155	$	137,908		$	(140,275	)	$	1,281,301
Liabilities		1,144,293		2,445		282			(3,344	)		1,143,676
Stockholders' equity		134,220		2,710		137,626			(136,931	)		137,625
Three Months Ended March 31, 2019
Total interest income	$	12,282	$	-	$	14					$	12,296
Total interest expense		1,862		-		-						1,862
Net interest income		10,420		-		14			-			10,434
Provision for loan losses		25		-		-			-			25
Net interest income after provision for loan losses		10,395		-		14			-			10,409
Noninterest income		2,307		1,149		8			(1,149	)		2,315
Noninterest expense		9,078		996		3			(996	)		9,081
Income before income tax expense (benefit)		3,624		153		19			(153	)		3,643
Income tax expense (benefit)		717		35		1			(35	)		718
Net income of CB Financial Services Inc.	$	2,907	$	118	$	18		$	(118	)	$	2,925
Three Months Ended March 31, 2018
Total interest income	$	8,696	$	-	$	11		$	-		$	8,707
Total interest expense		1,099		-		-			-			1,099
Net interest income		7,597		-		11			-			7,608
Provision for loan losses		1,500		-		-						1,500
Net interest income after provision for loan losses		6,097		-		11			-			6,108
Noninterest income		2,103		928		(17	)		(928	)		2,086
Noninterest expense		6,642		682		25			(682	)		6,667
Income before income tax expense (benefit)		1,558		246		(31	)		(246	)		1,527
Income tax expense (benefit)		175		54		(8	)		(54	)		167
Net income of CB Financial Services Inc.	$	1,383	$	192	$	(23	)	$	(192	)	$	1,360

XML

Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Principles of Consolidation and Basis of Presentation

The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters” or “EU”). CB Financial and the Bank are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation.

The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information

not

misleading in any material respect. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and income and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, evaluation of securities for other-than-temporary impairment including related cash flow projections, goodwill and intangible assets impairment, and the valuation of deferred tax assets.

In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All of these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form

10

-K for the year ended

December 31, 2018.

Interim results are

not

necessarily indicative of results for a full year.

The Company evaluated subsequent events through the date the consolidated financial statements were filed with the SEC and incorporated into the consolidated financial statements the effect of all material known events determined by ASC Topic

855,

Subsequent Events

, to be recognizable events.

Nature of Operations [Policy Text Block]

Nature of Operations

The Company derives substantially all its income from banking and bank-related services which include interest earnings on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest earnings on investment securities and fees generated from deposit services to its customers. The Company provides banking services through its subsidiary, Community Bank, a Pennsylvania-chartered commercial bank headquartered in Carmichaels, Pennsylvania. The Bank operates from

sixteen

offices in Greene, Allegheny, Washington, Fayette and Westmoreland Counties in southwestern Pennsylvania,

seven

offices in Brooke, Marshall, Ohio, Upshur and Wetzel Counties in West Virginia, and

one

office in Belmont County in Ohio. The Bank is a community-oriented institution offering residential and commercial real estate loans, commercial and industrial loans, and consumer loans as well as a variety of deposit products for individuals and businesses in its market area. Property and casualty, commercial liability, surety and other insurance products are offered through Exchange Underwriters, the Bank’s wholly-owned subsidiary that is a full-service, independent insurance agency.

Financing Receivable [Policy Text Block]

Acquired Loans

Loans that were acquired in previous mergers, were recorded at fair value with

no

carryover of the related allowance for credit losses. The fair value of the acquired loans was estimated by management with the assistance of a

third

party valuation specialist.

For performing loans acquired in a merger, the excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. For purchased credit impaired (“PCI”) loans acquired in a merger, the difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be

first

applied to the nonaccretable discount portion of the fair value adjustment.

Prior Period Error Recognition [Policy Text Block]

Recognition of Prior Period Errors

In

April 2018,

the Company discovered an error with the collateral position on a commercial and industrial classified loan relationship that had occurred in

April 2017.

This error resulted in the loss of the Company’s

first

lien position, leaving the loan with insufficient collateral. The Company recognized the error by recording a specific reserve and recognizing an additional

$300,000

(pre-tax) of provision for loan losses for the quarter-ended

March 31, 2018.

There was

no

financial statement impact for the

three

months ended

March 31, 2019.

The impact of the correction of the error resulted in a decrease of

$300,000

in income before income taxes and a decrease of

$63,000

in income taxes, resulting in a decrease of

$237,000

(after-tax) in net income (

$0.06

per share) for the

three

months ended

March 31, 2018.

As a result of this error, the Company’s

2017

results were overstated by

$237,000

and the Company’s

March 31, 2018

quarterly results were understated by the same amount. Management of the Company concluded the effect of the error was immaterial to the Company’s

2017

and

2018

results.

In

March 2019,

the Company discovered an error in loan classifications within the commercial and industrial segment of the loan portfolio. Certain term loans and revolving lines of credit that were incorrectly classified as commercial and industrial loans even though they were partially or primarily secured by commercial real estate and residential real estate. The error resulted in loan reclassifications of

$21.7

million from the commercial and industrial segment to the commercial real estate and the residential real estate segments as of and for the year ended

December 31, 2018.

In addition, as a result of the loan segment reclassifications, the allocated components of the allowance for loan losses were adjusted to reflect the revised loan balances with the residual of

$257,000

added to the unallocated component of the allowance for loan loss as of

December 31, 2018.

Management of the Company has evaluated the loan reclassification error and determined that, based on quantitative and qualitative analyses, this error was

not

material to the

December 31, 2018

consolidated financial statements as presented.

Reclassification, Policy [Policy Text Block]

Reclassifications

Certain comparative amounts for the prior year have been reclassified to conform to the current year presentation. Such reclassifications did

not

affect net income or stockholders’ equity.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Standards

In

January 2018,

the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)

2018

-

01,

Leases (Topic

842

), Land Easement Practical Expedient for Transition to Topic

842.

ASU

2018

-

01

is intended to be effective with ASU

2016

-

02,

as amended. The amendments in ASU

2018

-

01

are as follows: provide an optional transition practical expedient for the adoption of ASU

2016

-

02

that, if elected, would

not

require an organization to reconsider their accounting for existing land easements that are

not

currently accounted for under the old lease standards; and clarify that new or modified land easements should be evaluated under ASU

2016

-

02,

once an entity has adopted the new standard. ASU

2016

-

02

will require lessees to recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than

twelve

months. Both the ROU asset and lease liability will initially be measured at the present value of the future minimum lease payments over the lease term. Subsequent measurement, including the presentation of expenses and cash flows, will depend on the classification of the lease as either a finance or an operating lease. Accounting by lessors will remain largely unchanged from current U.S. GAAP. ASU

2016

-

02

is effective for fiscal years beginning after

December 15, 2018,

and interim periods within those years, with early adoption permitted, and is to be applied as of the beginning of the earliest period presented using a modified retrospective approach. The Company adopted the provisions of ASU

2016

-

02

effective

January 1, 2019,

which increased assets and liabilities approximately

$1.9

million as a result of reporting additional leases on the Company's consolidated statement of financial condition.

In

July 2017,

the FASB issued ASU

2017

-

11,

Earnings Per Share (Topic

260

); Distinguishing Liabilities from Equity (Topic

480

); Derivatives and Hedging (Topic

815

): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception.

ASU

2017

-

11

amendments simplify the accounting for certain financial instruments with down round features. The amendments require companies to disregard the down round feature when assessing whether the instrument is indexed to its own stock, for purposes of determining liability or equity classification. Companies that provide earnings per share (EPS) data will adjust their basic EPS calculation for the effect of the feature when triggered and will also recognize the effect of the trigger within equity. ASU

2017

-

11

is effective for fiscal years beginning after

December 15, 2018,

and interim periods within those years. The Company adopted the provisions of ASU

2017

-

11

effective

January 1, 2019

and the adoption did

not

have a material impact on the Company's consolidated financial condition or results of operations.

In

March 2017,

the FASB issued ASU

2017

-

08,

Receivables- Nonrefundable Fees and Other Costs (Subtopic

310

-

20

): Premium Amortization on Purchases of Callable Debt Securities.

ASU

2017

-

08

amends guidance on the amortization period of premiums on certain purchases of callable debt securities. The amendments shorten the amortization period of premiums on certain purchases of callable debt securities to the earliest call date. ASU

2017

-

08

is effective for fiscal years beginning after

December 15, 2018,

and interim periods within those annual periods. The Company adopted the provisions of ASU

2017

-

08

effective

January 1, 2019

and the adoption did

not

have a material impact on the Company's consolidated statement of financial condition or results of operations.

In

January 2017,

the FASB issued ASU

2017

-

04,

Intangibles - Goodwill and Other (Topic

350

): Simplifying the Test for Goodwill Impairment

. ASU

2017

-

04

simplifies the accounting for goodwill impairments by eliminating the

second

step of the goodwill impairment test. Instead, an entity will apply a

one

-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value,

not

to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does

not

amend the optional qualitative assessment of goodwill impairment. ASU

2017

-

04

is effective for public business entities that are SEC filers for annual periods beginning after

December 15, 2019,

and interim periods within those annual periods, with early adoption permitted, and is to be applied on a prospective basis. The Company is currently evaluating the provisions of ASU

2017

-

04,

but does

not

believe that its adoption will have a material impact on the Company's consolidated financial condition or results of operations.

In

September 2016,

the FASB issued ASU

2016

-

13,

Financial Instruments – Credit Losses (Topic

326

): Measurement of Credit Losses on Financial Instruments

. ASU

2016

-

13

amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, ASU

2016

-

13

eliminates the probable initial recognition threshold in current GAAP; and instead requires an entity to reflect its current estimate of all expected credit losses. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected. For available for sale debt securities, credit losses should be measured in a manner similar to current GAAP, however this ASU will require that credit losses be presented as an allowance rather than as a write-down. ASU

2016

-

13

affects companies holding financial assets and net investment in leases that are

not

accounted for at fair value through net income. The ASU

2016

-

13

amendments affect loans, debt securities, trade receivables, net investments in leases, off balance-sheet credit exposures, reinsurance receivables, and any other financial assets

not

excluded from the scope that have the contractual right to receive cash. ASU

2016

-

13

is effective for fiscal years beginning after

December 15, 2019,

and interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the provisions of ASU

2016

-

13,

but does

not

believe that its adoption will have a material impact on the Company's consolidated financial condition or results of operations.

In

February 2016,

the FASB issued ASU

2016

-

02,

Leases (Topic

842

)

, which increases the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet, and disclosing key information about leasing arrangements. ASU

2016

-

02

will require lessees to recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than

twelve

months. Both the ROU asset and lease liability will initially be measured at the present value of the future minimum lease payments over the lease term. Subsequent measurement, including the presentation of expenses and cash flows, will depend on the classification of the lease as either a finance or an operating lease. Accounting by lessors will remain largely unchanged from current U.S. GAAP. ASU

2016

-

02

is effective for fiscal years beginning after

December 15, 2018,

and interim periods within those years, with early adoption permitted, and is to be applied as of the beginning of the earliest period presented using a modified retrospective approach. The Company adopted the provisions of ASU

2016

-

02,

effective

January 1, 2019,

which increased assets and liabilities approximately

$1.9

million as a result of reporting additional leases on the Company's consolidated statement of financial condition.

XML

Note 2 - Merger (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Consideration Paid:	Provision at June 30, 2018			Measurement Period Adjustments			December 31, 2018
Cash Paid for Redemption of FWVB Common Stock	$	9,801					$	9,801
CB Financial Common Stock Issued in
Exchange for FWVB Common Stock		41,527						41,527
Total Consideration Paid		51,328			-			51,328
Assets Acquired:
Cash and Cash Equivalents		30,433						30,433
Net Loans		95,456						95,456
Investment Securities		187,628						187,628
Premises and Equipment		13,047			(9,335	)		3,712
Bank Owned Life Insurance		4,212						4,212
Core Deposit Intangible		12,789			(3,662	)		9,127
Deferred Tax Assets		(87	)		1,411			1,324
Other Assets		3,030						3,030
Total Assets Acquired		346,508			(11,586	)		334,922
Liabilities Assumed:
Deposits		281,620						281,620
Borrowings		22,329						22,329
Other Liabilities		3,117						3,117
Total Liabilities Assumed		307,066			-			307,066
Total Identifiable Net Assets		39,442			(11,586	)		27,856
Goodwill Recognized	$	11,886			11,586		$	23,472

XML

Note 3 - Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended March 31,
	2019			2018
Weighted-Average Common Shares Outstanding		5,680,993			4,363,346
Average Treasury Stock Shares		(248,137	)		(267,054	)
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share		5,432,856			4,096,292
Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share		18,622			37,931
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share		5,451,478			4,134,223
Earnings per share:
Basic	$	0.54		$	0.33
Diluted		0.54			0.33

XML

Note 4 - Revenue Recognition From Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

	(Dollars in thousands)
	Three Months Ended
	March 31, 2019			March 31, 2018
NONINTEREST INCOME
Service Fees on Deposit Accounts (a)	$	753		$	591
Insurance Commissions		1,151			931
Other Commissions (c)		158			433
Net Gains on Sales of Loans (b)		92			8
Net Loss on Sales of Investments (b)		(60	)		-
Fair Value of Equity Securities (b)		20			(25	)
Net Gains on Purchased Tax Credits (b)		9			11
Net Loss on Disposal of Fixed Assets (b)		(6	)		-
Income from Bank-Owned Life Insurance (b)		132			108
Other (b)		66			29
Total non-interest income		2,315			2,086
NONINTEREST EXPENSE
Other Real Estate Owned Expense		(63	)		7
Total non-interest expense		(63	)		7
Net non-interest income	$	2,378		$	2,079

XML

Note 5 - Investment Securities (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Available-for-sale Securities [Table Text Block]

	(Dollars in thousands)
	March 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Go vernment Agencies	$	82,526	$	389	$	(1,012	)	$	81,903
Obligations of States and Political Subdivisions		33,446		494		(33	)		33,907
Mortgage-Backed Securities - Government-Sponsored Enterprises		105,013		1,562		(208	)		106,367
Equity Securities - Mutual Funds		1,000		-		(20	)		980
Equity Securities - Other		1,520		79		(83	)		1,516
Total	$	223,505	$	2,524	$	(1,356	)	$	224,673

	December 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. Government Agencies	$	82,506	$	160	$	(2,087	)	$	80,579
Obligations of States and Political Subdivisions		44,737		230		(366	)		44,601
Mortgage-Backed Securities - Government-Sponsored Enterprises		97,535		582		(346	)		97,771
Equity Securities - Mutual Funds		1,000		-		(32	)		968
Equity Securities - Other		1,502		92		(104	)		1,490
Total	$	227,280	$	1,064	$	(2,935	)	$	225,409

Schedule of Unrealized Loss on Investments [Table Text Block]

	(Dollars in thousands)
	March 31, 2019
	Less than 12 months							12 Months or Greater							Total
	Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses
U.S. Government Agencies		-	$	-	$	-			23	$	66,513	$	(1,012	)		23	$	66,513	$	(1,012	)
Obligations of States and Political Subdivisions		-		-		-			14		7,052		(33	)		14		7,052		(33	)
Mortgage-Backed Securities - Government Sponsored Enterprises		-		-		-			9		13,402		(208	)		9		13,402		(208	)
Equity Securities - Mutual Fund		1		482		(18	)		1		498		(2	)		2		980		(20	)
Equity Securities - Other		11		808		(71	)		2		148		(12	)		13		956		(83	)
Total		12	$	1,290	$	(89	)		49	$	87,613	$	(1,267	)		61	$	88,903	$	(1,356	)

	December 31, 2018
	Less than 12 months							12 Months or Greater							Total
	Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses			Number of Securities		Fair Value		Gross Unrealized Losses
U.S. Government Agencies		-	$	-	$	-			23	$	65,450	$	(2,087	)		23	$	65,450	$	(2,087	)
Obligations of States and Political Subdivisions		24		13,212		(133	)		25		11,918		(233	)		49		25,130		(366	)
Mortgage-Backed Securities - Government Sponsored Enterprises		-		-		-			9		13,874		(346	)		9		13,874		(346	)
Equity Securities - Mutual Fund		2		968		(32	)		-		-		-			2		968		(32	)
Equity Securities - Other		7		592		(68	)		3		225		(36	)		10		817		(104	)
Total		33	$	14,772	$	(233	)		60	$	91,467	$	(2,702	)		93	$	106,239	$	(2,935	)

Investments Classified by Contractual Maturity Date [Table Text Block]

	(Dollars in thousands)
	March 31, 2019
	Available-for-Sale
	Amortized Cost		Fair Value
Due in One Year or Less	$	3,526	$	3,551
Due after One Year through Five Years		69,212		68,355
Due after Five Years through Ten Years		45,987		46,543
Due after Ten Years		104,780		106,224
Total	$	223,505	$	224,673

XML

Note 6 - Loans and Related Allowance for Loan Loss (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	(Dollars in thousands)
	March 31, 2019						December 31, 2018
	Amount			Percent			Amount			Percent
Originated Loans
Real Estate:
Residential	$	239,327			33.0	%	$	235,492			32.6	%
Commercial		227,503			31.4			229,455			31.8
Construction		55,982			7.7			46,824			6.5
Commercial and Industrial		72,917			10.1			78,466			10.9
Consumer		116,619			16.1			119,731			16.6
Other		12,205			1.7			11,623			1.6
Total Originated Loans		724,553			100.0	%		721,591			100.0	%
Allowance for Loan Losses		(8,793	)					(8,942	)
Loans, Net	$	715,760					$	712,649
Loans Acquired at Fair Value
Real Estate:
Residential	$	87,079			47.2	%	$	91,277			47.8	%
Commercial		75,533			40.9			77,609			40.5
Construction		3,981			2.2			2,000			1.0
Commercial and Industrial		10,771			5.9			12,997			6.8
Consumer		2,150			1.2			2,510			1.3
Other		4,729			2.6			4,888			2.6
Total Loans Acquired at Fair Value		184,243			100.0	%		191,281			100.0	%
Allowance for Loan Losses		(619	)					(616	)
Loans, Net	$	183,624					$	190,665
Total Loans
Real Estate:
Residential	$	326,406			35.9	%	$	326,769			35.9	%
Commercial		303,036			33.3			307,064			33.6
Construction		59,963			6.6			48,824			5.3
Commercial and Industrial		83,688			9.2			91,463			10.0
Consumer		118,769			13.1			122,241			13.4
Other		16,934			1.9			16,511			1.8
Total Loans		908,796			100.0	%		912,872			100.0	%
Allowance for Loan Losses		(9,412	)					(9,558	)
Loans, Net	$	899,384					$	903,314

Financing Receivable Credit Quality Indicators [Table Text Block]

	(Dollars in thousands) March 31, 2019
	Pass		Special Mention		Substandard		Doubtful		Total
Originated Loans
Real Estate:
Residential	$	237,419	$	1,048	$	860	$	-	$	239,327
Commercial		214,742		10,706		922		1,133		227,503
Construction		52,695		2,902		385		-		55,982
Commercial and Industrial		66,365		4,707		813		1,032		72,917
Consumer		116,554		-		65		-		116,619
Other		11,705		500		-		-		12,205
Total Originated Loans	$	699,480	$	19,863	$	3,045	$	2,165	$	724,553
Loans Acquired at Fair Value
Real Estate:
Residential	$	86,098	$	-	$	981	$	-	$	87,079
Commercial		67,972		7,087		474		-		75,533
Construction		3,981		-		-		-		3,981
Commercial and Industrial		10,755		-		16		-		10,771
Consumer		2,150		-		-		-		2,150
Other		4,629		100		-		-		4,729
Total Loans Acquired at Fair Value	$	175,585	$	7,187	$	1,471	$	-	$	184,243
Total Loans
Real Estate:
Residential	$	323,517	$	1,048	$	1,841	$	-	$	326,406
Commercial		282,714		17,793		1,396		1,133		303,036
Construction		56,676		2,902		385		-		59,963
Commercial and Industrial		77,120		4,707		829		1,032		83,688
Consumer		118,704		-		65		-		118,769
Other		16,334		600		-		-		16,934
Total Loans	$	875,065	$	27,050	$	4,516	$	2,165	$	908,796

	December 31, 2018
	Pass		Special  Mention		Substandard		Doubtful		Total
Originated Loans
Real Estate:
Residential	$	233,872	$	1,071	$	549	$	-	$	235,492
Commercial		222,279		5,301		704		1,171		229,455
Construction		43,522		2,902		400		-		46,824
Commercial and Industrial		68,553		8,618		228		1,067		78,466
Consumer		119,648		-		83		-		119,731
Other		11,623		-		-		-		11,623
Total Originated Loans	$	699,497	$	17,892	$	1,964	$	2,238	$	721,591
Loans Acquired at Fair Value
Real Estate:
Residential	$	89,490	$	851	$	936	$	-	$	91,277
Commercial		69,954		7,175		480		-		77,609
Construction		2,000		-		-		-		2,000
Commercial and Industrial		12,981		-		16		-		12,997
Consumer		2,510		-		-		-		2,510
Other		4,785		103		-		-		4,888
Total Loans Acquired at Fair Value	$	181,720	$	8,129	$	1,432	$	-	$	191,281
Total Loans
Real Estate:
Residential	$	323,362	$	1,922	$	1,485	$	-	$	326,769
Commercial		292,233		12,476		1,184		1,171		307,064
Construction		45,522		2,902		400		-		48,824
Commercial and Industrial		81,534		8,618		244		1,067		91,463
Consumer		122,158		-		83		-		122,241
Other		16,408		103		-		-		16,511
Total Loans	$	881,217	$	26,021	$	3,396	$	2,238	$	912,872

Financing Receivable, Past Due [Table Text Block]

	(Dollars in thousands) March 31, 2019
	Loans Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Non- Accrual		Total  Loans
Originated Loans
Real Estate:
Residential	$	236,800	$	1,362	$	62	$	64	$	1,488	$	1,039	$	239,327
Commercial		227,202		39		5		-		44		257		227,503
Construction		55,982		-		-		-		-		-		55,982
Commercial and Industrial		69,783		2,315		-		-		2,315		819		72,917
Consumer		115,595		882		19		57		958		66		116,619
Other		12,205		-		-		-		-		-		12,205
Total Originated Loans	$	717,567	$	4,598	$	86	$	121	$	4,805	$	2,181	$	724,553
Loans Acquired at Fair Value
Real Estate:
Residential	$	85,217	$	440	$	-	$	-	$	440	$	1,422	$	87,079
Commercial		75,457		76		-		-		76		-		75,533
Construction		3,981		-		-		-		-		-		3,981
Commercial and Industrial		10,691		64		-		-		64		16		10,771
Consumer		2,150		-		-		-		-		-		2,150
Other		4,729		-		-		-		-		-		4,729
Total Loans Acquired at Fair Value	$	182,225	$	580	$	-	$	-	$	580	$	1,438	$	184,243
Total Loans
Real Estate:
Residential	$	322,017	$	1,802	$	62	$	64	$	1,928	$	2,461	$	326,406
Commercial		302,659		115		5		-		120		257		303,036
Construction		59,963		-		-		-		-		-		59,963
Commercial and Industrial		80,474		2,379		-		-		2,379		835		83,688
Consumer		117,745		882		19		57		958		66		118,769
Other		16,934		-		-		-		-		-		16,934
Total Loans	$	899,792	$	5,178	$	86	$	121	$	5,385	$	3,619	$	908,796

	December 31, 2018
	Loans Current		30-59 Days Past Due		60-89 Days Past Due		90 Days Or More Past Due		Total Past Due		Non- Accrual		Total  Loans
Originated Loans
Real Estate:
Residential	$	232,967	$	1,374	$	72	$	324	$	1,770	$	755	$	235,492
Commercial		229,189		84		182		-		266		-		229,455
Construction		46,824		-		-		-		-		-		46,824
Commercial and Industrial		77,222		216		-		-		216		1,028		78,466
Consumer		118,256		1,319		70		3		1,392		83		119,731
Other		11,623		-		-		-		-		-		11,623
Total Originated Loans	$	716,081	$	2,993	$	324	$	327	$	3,644	$	1,866	$	721,591
Loans Acquired at Fair Value
Real Estate:
Residential	$	89,405	$	408	$	65	$	-	$	473	$	1,399	$	91,277
Commercial		77,532		77		-		-		77		-		77,609
Construction		2,000		-		-		-		-		-		2,000
Commercial and Industrial		12,929		52		-		-		52		16		12,997
Consumer		2,491		18		1		-		19		-		2,510
Other		4,888		-		-		-		-		-		4,888
Total Loans Acquired at Fair Value	$	189,245	$	555	$	66	$	-	$	621	$	1,415	$	191,281
Total Loans
Real Estate:
Residential	$	322,372	$	1,782	$	137	$	324	$	2,243	$	2,154	$	326,769
Commercial		306,721		161		182		-		343		-		307,064
Construction		48,824		-		-		-		-		-		48,824
Commercial and Industrial		90,151		268		-		-		268		1,044		91,463
Consumer		120,747		1,337		71		3		1,411		83		122,241
Other		16,511		-		-		-		-		-		16,511
Total Loans	$	905,326	$	3,548	$	390	$	327	$	4,265	$	3,281	$	912,872

Financing Receivable, Nonaccrual [Table Text Block]

	(Dollars in Thousands)
	March 31, 2019			December 31, 2018
Nonaccrual Loans:
Originated Loans:
Real Estate:
Residential	$	1,039		$	755
Commercial		257			-
Commercial and Industrial		819			1,028
Consumer		66			83
Total Originated Nonaccrual Loans		2,181			1,866
Loans Acquired at Fair Value:
Real Estate:
Residential		1,422			1,399
Commercial and Industrial		16			16
Total Loans Acquired at Fair Value Nonaccrual Loans		1,438			1,415
Total Nonaccrual Loans		3,619			3,281
Accruing Loans Past Due 90 Days or More:
Originated Loans:
Real Estate:
Residential		64			324
Consumer		57			3
Total Originated Accruing Loans 90 Days or More Past Due		121			327
Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due		3,740			3,608
Troubled Debt Restructurings, Accruing:
Originated Loans:
Real Estate - Residential		86			26
Real Estate - Commercial		970			980
Commercial and Industrial		133			154
Total Originated Loans		1,189			1,160
Loans Acquired at Fair Value:
Real Estate - Residential		356			1,212
Real Estate - Commercial		323			333
Total Loans Acquired at Fair Value		679			1,545
Total Troubled Debt Restructurings, Accruing		1,868			2,705
Total Nonperforming Loans		5,608			6,313
Real Estate Owned:
Residential		-			46
Commercial		174			871
Total Real Estate Owned		174			917
Total Nonperforming Assets	$	5,782		$	7,230
Nonperforming Loans to Total Loans		0.62	%		0.69	%
Nonperforming Assets to Total Assets		0.44			0.56

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	(Dollars in thousands) Three Months Ended March 31, 2019
	Number of Contracts		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment		Related Allowance
Originated Loans
Real Estate
Residential		1	$	61	$	61	$	-
Total		1	$	61	$	61	$	-

Impaired Financing Receivables [Table Text Block]

	(Dollars in thousands) March 31, 2019
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Originated Loans
Real Estate:
Residential	$	150	$	-	$	153	$	155	$	2
Commercial		1,747		-		1,755		1,768		20
Construction		385		-		385		392		6
Commercial and Industrial		946		-		947		985		12
Total With No Related Allowance Recorded	$	3,228	$	-	$	3,240	$	3,300	$	40
Loans Acquired at Fair Value
Real Estate:
Residential	$	356	$	-	$	356	$	358	$	4
Commercial		2,441		-		2,441		2,454		35
Total With No Related Allowance Recorded	$	2,797	$	-	$	2,797	$	2,812	$	39
Total Loans
Real Estate:
Residential	$	506	$	-	$	509	$	513	$	6
Commercial		4,188		-		4,196		4,222		55
Construction		385		-		385		392		6
Commercial and Industrial		946		-		947		985		12
Other		-		-		-		-		-
Total With No Related Allowance Recorded	$	6,025	$	-	$	6,037	$	6,112	$	79
With A Related Allowance Recorded:
Originated Loans
Real Estate:
Commercial	$	653	$	193	$	653	$	664	$	9
Commercial and Industrial		1,032		777		1,148		1,160		16
Total With A Related Allowance Recorded	$	1,685	$	970	$	1,801	$	1,824	$	25
Loans Acquired at Fair Value
Real Estate:
Commercial	$	41	$	6	$	42	$	43	$	1
Commercial and Industrial		16		7		16		16		-
Total With A Related Allowance Recorded	$	57	$	13	$	58	$	59	$	1
Total Loans
Real Estate:
Commercial	$	694	$	199	$	695	$	707	$	10
Commercial and Industrial		1,048		784		1,164		1,176		16
Total With A Related Allowance Recorded	$	1,742	$	983	$	1,859	$	1,883	$	26

	March 31, 2019 (cont.)
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Total Impaired Loans:
Originated Loans
Real Estate:
Residential	$	150	$	-	$	153	$	155	$	2
Commercial		2,400		193		2,408		2,432		29
Construction		385		-		385		392		6
Commercial and Industrial		1,978		777		2,095		2,145		28
Other		-		-		-		-		-
Total Impaired Loans	$	4,913	$	970	$	5,041	$	5,124	$	65
Loans Acquired at Fair Value
Real Estate:
Residential	$	356	$	-	$	356	$	358	$	4
Commercial		2,482		6		2,483		2,497		36
Construction		-		-		-		-		-
Commercial and Industrial		16		7		16		16		-
Other		-		-		-		-		-
Total Impaired Loans	$	2,854	$	13	$	2,855	$	2,871	$	40
Total Loans
Real Estate:
Residential	$	506	$	-	$	509	$	513	$	6
Commercial		4,882		199		4,891		4,929		65
Construction		385		-		385		392		6
Commercial and Industrial		1,994		784		2,111		2,161		28
Other		-		-		-		-		-
Total Impaired Loans	$	7,767	$	983	$	7,896	$	7,995	$	105

	December 31, 2018
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
With No Related Allowance Recorded:
Originated Loans
Real Estate:
Residential	$	71	$	-	$	74	$	82	$	4
Commercial		1,550		-		1,550		1,626		74
Construction		400		-		400		466		25
Commercial and Industrial		382		-		394		403		5
Total With No Related Allowance Recorded	$	2,403	$	-	$	2,418	$	2,577	$	108
Loans Acquired at Fair Value
Real Estate:
Residential	$	1,212	$	-	$	1,212	$	1,234	$	63
Commercial		2,466		-		2,466		1,868		123
Total With No Related Allowance Recorded	$	3,678	$	-	$	3,678	$	3,102	$	186
Total Loans
Real Estate:
Residential	$	1,283	$	-	$	1,286	$	1,316	$	67
Commercial		4,016		-		4,016		3,494		197
Construction		400		-		400		466		25
Commercial and Industrial		382		-		394		403		5
Total With No Related Allowance Recorded	$	6,081	$	-	$	6,096	$	5,679	$	294
With A Related Allowance Recorded:
Originated Loans
Real Estate:
Commercial	$	674	$	211	$	674	$	716	$	40
Commercial and Industrial		1,066		787		1,171		1,193		63
Total With A Related Allowance Recorded	$	1,740	$	998	$	1,845	$	1,909	$	103
Loans Acquired at Fair Value
Real Estate:
Commercial	$	44	$	8	$	44	$	29	$	3
Commercial and Industrial		16		6		16		16		-
Total With A Related Allowance Recorded	$	60	$	14	$	60	$	45	$	3
Total Loans
Real Estate:
Commercial	$	718	$	219	$	718	$	745	$	43
Commercial and Industrial		1,082		793		1,187		1,209		63
Total With A Related Allowance Recorded	$	1,800	$	1,012	$	1,905	$	1,954	$	106

	December 31, 2018 (cont.)
	Recorded Investment		Related Allowance		Unpaid Principal Balance		Average Recorded Investment		Interest Income Recognized
Total Impaired Loans
Originated Loans
Real Estate:
Residential	$	71	$	-	$	74	$	82	$	4
Commercial		2,224		211		2,224		2,342		114
Construction		400		-		400		466		25
Commercial and Industrial		1,448		787		1,565		1,596		68
Total Impaired Loans	$	4,143	$	998	$	4,263	$	4,486	$	211
Loans Acquired at Fair Value
Real Estate:
Residential	$	1,212	$	-	$	1,212	$	1,234	$	63
Commercial		2,510		8		2,510		1,897		126
Commercial and Industrial		16		6		16		16		-
Total Impaired Loans	$	3,738	$	14	$	3,738	$	3,147	$	189
Total Loans
Real Estate:
Residential	$	1,283	$	-	$	1,286	$	1,316	$	67
Commercial		4,734		219		4,734		4,239		240
Construction		400		-		400		466		25
Commercial and Industrial		1,464		793		1,581		1,612		68
Total Impaired Loans	$	7,881	$	1,012	$	8,001	$	7,633	$	400

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	(Dollars in thousands) March 31, 2019
	Real Estate Residential		Real Estate Commercial			Real Estate Construction		Commercial and Industrial			Consumer			Other		Unallocated		Total
Originated Loans
December 31, 2018	$	1,050	$	2,217		$	395	$	2,698		$	2,027		$	-	$	555	$	8,942
Charge-offs		-		-			-		-			(212	)		-		-		(212	)
Recoveries		4		12			-		1			21			-		-		38
Provision		100		(102	)		105		(231	)		(103	)		-		256		25
March 31, 2019	$	1,154	$	2,127		$	500	$	2,468		$	1,733		$	-	$	811	$	8,793
Loans Acquired at Fair Value
December 31, 2018	$	-	$	476		$	-	$	109		$	-		$	-	$	31	$	616
Charge-offs		-		-			-		-			(1	)		-		-		(1	)
Recoveries		-		1			-		-			3			-		-		4
Provision		-		(54	)		-		(24	)		(2	)		-		80		-
March 31, 2019	$	-	$	423		$	-	$	85		$	-		$	-	$	111	$	619
Total Allowance for Loan Losses
December 31, 2018	$	1,050	$	2,693		$	395	$	2,807		$	2,027		$	-	$	586	$	9,558
Charge-offs		-		-			-		-			(213	)		-		-		(213	)
Recoveries		4		13			-		1			24			-		-		42
Provision		100		(156	)		105		(255	)		(105	)		-		336		25
March 31, 2019	$	1,154	$	2,550		$	500	$	2,553		$	1,733		$	-	$	922	$	9,412

	March 31, 2019
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	193	$	-	$	777	$	-	$	-	$	-	$	970
Collectively Evaluated for Potential Impairment	$	1,154	$	1,934	$	500	$	1,691	$	1,733	$	-	$	811	$	7,823
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	6	$	-	$	7	$	-	$	-	$	-	$	13
Collectively Evaluated for Potential Impairment	$	-	$	417	$	-	$	78	$	-	$	-	$	111	$	606
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	199	$	-	$	784	$	-	$	-	$	-	$	983
Collectively Evaluated for Potential Impairment	$	1,154	$	2,351	$	500	$	1,769	$	1,733	$	-	$	922	$	8,429

	December 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	211	$	-	$	787	$	-	$	-	$	-	$	998
Collectively Evaluated for Potential Impairment	$	1,050	$	2,006	$	395	$	1,911	$	2,027	$	-	$	555	$	7,944
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	8	$	-	$	6	$	-	$	-	$	-	$	14
Collectively Evaluated for Potential Impairment	$	-	$	468	$	-	$	103	$	-	$	-	$	31	$	602
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	219	$	-	$	793	$	-	$	-	$	-	$	1,012
Collectively Evaluated for Potential Impairment	$	1,050	$	2,474	$	395	$	2,014	$	2,027	$	-	$	586	$	8,546

	March 31, 2018
	Real Estate Residential			Real Estate Commercial			Real Estate Construction			Commercial and Industrial			Consumer			Other		Unallocated			Total
Originated Loans
December 31, 2017	$	891		$	1,799		$	276		$	2,461		$	2,358		$	-	$	430		$	8,215
Charge-offs		(27	)		-			-			(1,398	)		(141	)		-		-			(1,566	)
Recoveries		4			-			-			2			45			-		-			51
Provision		7			407			(120	)		1,706			(106	)		-		(394	)		1,500
March 31, 2018	$	875		$	2,206		$	156		$	2,771		$	2,156		$	-	$	36		$	8,200
Loans Acquired at Fair Value
December 31, 2017	$	-		$	490		$	-		$	83		$	-		$	-	$	8		$	581
Charge-offs		-			-			-			-			-			-		-			-
Recoveries		1			114			-			-			-			-		-			115
Provision		(1	)		(117	)		-			84			-			-		34			-
March 31, 2018	$	-		$	487		$	-		$	167		$	-		$	-	$	42		$	696
Total Allowance for Loan Losses
December 31, 2017	$	891		$	2,289		$	276		$	2,544		$	2,358		$	-	$	438		$	8,796
Charge-offs		(27	)		-			-			(1,398	)		(141	)		-		-			(1,566	)
Recoveries		5			114			-			2			45			-		-			166
Provision		6			290			(120	)		1,790			(106	)		-		(360	)		1,500
March 31, 2018	$	875		$	2,693		$	156		$	2,938		$	2,156		$	-	$	78		$	8,896

	March 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Unallocated		Total
Originated Loans
Individually Evaluated for Impairment	$	-	$	351	$	-	$	1,264	$	-	$	-	$	-	$	1,615
Collectively Evaluated for Potential Impairment	$	875	$	1,855	$	156	$	1,507	$	2,156	$	-	$	36	$	6,585
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	-	$	-	$	-	$	3	$	-	$	-	$	-	$	3
Collectively Evaluated for Potential Impairment	$	-	$	487	$	-	$	164	$	-	$	-	$	42	$	693
Total Allowance for Loan Losses
Individually Evaluated for Impairment	$	-	$	351	$	-	$	1,267	$	-	$	-	$	-	$	1,618
Collectively Evaluated for Potential Impairment	$	875	$	2,342	$	156	$	1,671	$	2,156	$	-	$	78	$	7,278

Schedule of Accretable Discount on Loans Acquired at Fair Value [Table Text Block]

	Accretable Discount
Balance at December 31, 2018	$	1,912
Accretable Yield		(60	)
Balance at March 31, 2019	$	1,852

Financing Receivable, Loans Summarized By Individually and Collectively Evaluated for Impairment [Table Text Block]

	(Dollars in thousands) March 31, 2019
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Total
Originated Loans
Individually Evaluated for Impairment	$	150	$	2,400	$	385	$	1,978	$	-	$	-	$	4,913
Collectively Evaluated for Potential Impairment		239,177		225,103		55,597		70,939		116,619		12,205		719,640
	$	239,327	$	227,503	$	55,982	$	72,917	$	116,619	$	12,205	$	724,553
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	356	$	2,482	$	-	$	16	$	-	$	-	$	2,854
Collectively Evaluated for Potential Impairment		86,723		73,051		3,981		10,755		2,150		4,729		181,389
	$	87,079	$	75,533	$	3,981	$	10,771	$	2,150	$	4,729	$	184,243
Total Loans
Individually Evaluated for Impairment	$	506	$	4,882	$	385	$	1,994	$	-	$	-	$	7,767
Collectively Evaluated for Potential Impairment		325,900		298,154		59,578		81,694		118,769		16,934		901,029
	$	326,406	$	303,036	$	59,963	$	83,688	$	118,769	$	16,934	$	908,796

	December 31, 2018
	Real Estate Residential		Real Estate Commercial		Real Estate Construction		Commercial and Industrial		Consumer		Other		Total
Originated Loans
Individually Evaluated for Impairment	$	71	$	2,224	$	400	$	1,448	$	-	$	-	$	4,143
Collectively Evaluated for Potential Impairment		235,421		227,231		46,424		77,018		119,731		11,623		717,448
	$	235,492	$	229,455	$	46,824	$	78,466	$	119,731	$	11,623	$	721,591
Loans Acquired at Fair Value
Individually Evaluated for Impairment	$	1,212	$	2,510	$	-	$	16	$	-	$	-	$	3,738
Collectively Evaluated for Potential Impairment		90,065		75,099		2,000		12,981		2,510		4,888		187,543
	$	91,277	$	77,609	$	2,000	$	12,997	$	2,510	$	4,888	$	191,281
Total Loans
Individually Evaluated for Impairment	$	1,283	$	4,734	$	400	$	1,464	$	-	$	-	$	7,881
Collectively Evaluated for Potential Impairment		325,486		302,330		48,424		89,999		122,241		16,511		904,991
	$	326,769	$	307,064	$	48,824	$	91,463	$	122,241	$	16,511	$	912,872

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Note 7 - Leases (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Operating Leases [Table Text Block]

(dollars in thousands, except weighted-averages)	March 31, 2019
Operating Lease Expense	$	123
Operating Leases
ROU Assets	$	1,888
Operating Cash Flows		115
Weighted Average Lease Term
Operating Leases		7.51
Weighted Average Discount Rate
Operating Leases		0.33	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

(dollars in thousands)	March 31, 2019
Maturity Analysis
2019	$	503
2020		420
2021		309
2022		144
2023		66
2024 and thereafter		446
Total	$	1,888
Less: Present Value Discount		34
Lease Liabilities	$	1,854

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Note 8 - Deposits (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Time Deposit Maturities [Table Text Block]

Maturity Period:	March 31, 2019
One Year or Less	$	88,128
Over One Through Two Years		52,156
Over Two Through Three Years		20,653
Over Three Through Four Years		41,368
Over Four Through Five Years		10,031
Over Five Years		5,844
Total	$	218,180

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Note 9 - Short-term Borrowings (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Debt [Table Text Block]

	(Dollars in thousands)
	March 31, 2019					December 31, 2018
	Amount		Weighted Average Rate			Amount		Weighted Average Rate
Short-term Borrowings
Federal Funds Purchased:
Average Balance Outstanding During the Period	$	-		-	%	$	37		2.70	%
Maximum Amount Outstanding at any Month End		-					1,500
FHLB Borrowings:
Balance at Period End		-		-			-		-
Average Balance Outstanding During the Period		-		-			19,726		1.86
Maximum Amount Outstanding at any Month End		-					98,960
Securities Sold Under Agreements to Repurchase:
Balance at Period End		30,689		0.55			30,979		0.54
Average Balance Outstanding During the Period		32,204		0.58			29,300		0.53
Maximum Amount Outstanding at any Month End		34,197					35,661
Securities Collaterizing the Agreements at Period-End:
Carrying Value		47,691					48,131
Market Value		47,414					47,083

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Note 10 - Other Borrowed Funds (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Long-term Debt Instruments [Table Text Block]

	(Dollars in thousands)
	March 31, 2019					December 31, 2018
	Amount		Weighted Average Rate			Amount		Weighted Average Rate
Due in One Year	$	6,000		1.88	%	$	6,000		1.78	%
Due After One Year to Two Years		5,000		2.09			6,000		1.97
Due After Two Years to Three Years		3,000		2.23			5,000		2.18
Due After Three Years to Four Years		3,000		2.41			3,000		2.41
Due After Four Years to Five Years		-		-			-		-
Total	$	17,000		2.09		$	20,000		2.03

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Note 11 - Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

	(Dollars in thousands)
	March 31, 2019		December 31, 2018
Standby Letters of Credit	$	38,065	$	37,559
Performance Letters of Credit		3,309		3,544
Commitments to Extend Credit		2,782		2,783
Construction Mortgages		47,839		56,691
Personal Lines of Credit		6,575		6,186
Overdraft Protection Lines		6,315		6,140
Home Equity Lines of Credit		21,554		21,520
Commercial Lines of Credit		82,169		74,602
	$	208,608	$	209,025

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Note 12 - Fair Value Disclosure (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		(Dollars in thousands)
	Fair Value Hierarchy	March 31, 2019		December 31, 2018
Available for Sales Securities:
U.S. Government Agencies	Level II	$	81,903	$	80,579
Obligations of States and Political Subdivisions	Level II		33,907		44,601
Mortgage-Backed Securities - Government-Sponsored Enterprises	Level II		106,367		97,771
Equity Securities - Mutual Funds	Level I		980		968
Equity Securities - Other	Level I		1,516		1,490
Total Available for Sale Securities		$	224,673	$	225,409

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

(Dollars in thousands)

Fair Value at

Significant

Fair Value

March 31,

December 31,

Valuation

Significant

Unobservable

Financial Asset

Hierarchy

2019

2018

Techniques

Unobservable Inputs

Input Value

Impaired Loans

Level III

$

759

$

788

Market Comparable Properties

Marketability Discount

10%

to

30%

(1)

OREO

Level III

-

46

Market Comparable Properties

Marketability Discount

10%

to

50%

(1)

Fair Value, by Balance Sheet Grouping [Table Text Block]

		(Dollars in thousands)
		March 31, 2019				December 31, 2018
	Fair Value Hierarchy	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and Due From Banks:
Interest Bearing	Level I	$	54,245	$	54,245	$	36,736	$	36,736
Non-Interest Bearing	Level I		22,094		22,094		16,617		16,617
Investment Securities:
Available for Sale	See Above		224,673		224,673		225,409		225,409
Loans, Net	Level III		899,384		900,946		903,314		899,673
Restricted Stock	Level II		3,854		3,854		3,909		3,909
Bank-Owned Life Insurance	Level II		23,054		23,054		22,922		22,922
Accrued Interest Receivable	Level II		3,674		3,674		3,436		3,436
Financial Liabilities:
Deposits	Level II		1,105,465		1,106,354		1,086,658		1,085,708
Short-term Borrowings	Level II		30,689		30,689		30,979		30,979
Other Borrowed Funds	Level II		17,000		16,853		20,000		19,733
Accrued Interest Payable	Level II		770		770		594		594

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Note 13 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	(Dollars in thousands)
	March 31, 2019			December 31, 2018
Deferred Tax Assets:
Allowance for Loan Losses	$	2,031		$	2,063
Amortization of Core Deposit Intangible		-			1
Amortization of Intangibles		74			72
Tax Credit Carryforwards		1,418			2,010
Unrealized Loss of AFS - Merger Tax Adjustment		894			894
Postretirement Benefits		28			30
Net Unrealized Loss on Securities		-			383
Passthrough Entities		2			2
Stock-Based Compensation Expense		36			28
Accrued Payroll		32			44
OREO		49			121
Purchase Accounting Adjustments - Acquired Loans		396			413
Deferred Compensation		-			55
Other		84			67
Gross Deferred Tax Assets		5,044			6,183
100% Valuation Allowance - AMT Tax Credit Carryforward  (1)		(1,311	)		(1,311	)
Deferred Tax Assets net of Valuation Allowance		3,733			4,872
Deferred Tax Liabilities:
Deferred Origination Fees and Costs		293			292
Depreciation		689			714
Net Unrealized Gain on Securities		251			-
Mortgage Servicing Rights		207			198
Purchase Accounting Adjustment - Core Deposit Intangible		2,256			2,361
Purchase Accounting Adjustments - Fixed Assets		310			321
Purchase Accounting Adjustments - Certificates of Deposit		135			175
Goodwill		415			412
Gross Deferred Tax Liabilities		4,556			4,473
Net Deferred Tax (Liabilities) Assets	$	(823	)	$	399

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Note 14 - Other Noninterest Expense (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Other Operating Cost and Expense, by Component [Table Text Block]

	(Dollars in thousands)
	Three Months Ended March 31,
	2019		2018
Other Noninterest Expense
Non-employee compensation	$	140	$	122
Printing and supplies		97		108
Postage		72		58
Telephone		143		112
Charitable contributions		41		29
Dues and subscriptions		52		66
Loan expenses		82		93
Meals and entertainment		55		34
Travel		35		38
Training		9		13
Miscellaneous		281		192
Total Other Noninterest Expense	$	1,007	$	865

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Note 15 - Segment and Related Information (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

(Dollars in thousands)	Community Bank		Exchange Underwriters, Inc.		CB Financial Services, Inc.			Net Eliminations			Consolidated
March 31, 2019
Assets	$	1,301,046	$	3,226	$	141,311		$	(142,990	)	$	1,302,593
Liabilities		1,162,839		834		(418	)		(2,391	)		1,160,864
Stockholders' equity		138,207		2,392		141,729			(140,599	)		141,729
December 31, 2018
Assets	$	1,278,513	$	5,155	$	137,908		$	(140,275	)	$	1,281,301
Liabilities		1,144,293		2,445		282			(3,344	)		1,143,676
Stockholders' equity		134,220		2,710		137,626			(136,931	)		137,625
Three Months Ended March 31, 2019
Total interest income	$	12,282	$	-	$	14					$	12,296
Total interest expense		1,862		-		-						1,862
Net interest income		10,420		-		14			-			10,434
Provision for loan losses		25		-		-			-			25
Net interest income after provision for loan losses		10,395		-		14			-			10,409
Noninterest income		2,307		1,149		8			(1,149	)		2,315
Noninterest expense		9,078		996		3			(996	)		9,081
Income before income tax expense (benefit)		3,624		153		19			(153	)		3,643
Income tax expense (benefit)		717		35		1			(35	)		718
Net income of CB Financial Services Inc.	$	2,907	$	118	$	18		$	(118	)	$	2,925
Three Months Ended March 31, 2018
Total interest income	$	8,696	$	-	$	11		$	-		$	8,707
Total interest expense		1,099		-		-			-			1,099
Net interest income		7,597		-		11			-			7,608
Provision for loan losses		1,500		-		-						1,500
Net interest income after provision for loan losses		6,097		-		11			-			6,108
Noninterest income		2,103		928		(17	)		(928	)		2,086
Noninterest expense		6,642		682		25			(682	)		6,667
Income before income tax expense (benefit)		1,558		246		(31	)		(246	)		1,527
Income tax expense (benefit)		175		54		(8	)		(54	)		167
Net income of CB Financial Services Inc.	$	1,383	$	192	$	(23	)	$	(192	)	$	1,360

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Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($)		3 Months Ended		9 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Provision for Loan and Lease Losses, Total		$ 25,000	$ 1,500,000
Net Income (Loss) Attributable to Parent, Total		2,925,000	1,360,000
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total		3,643,000	1,527,000
Income Tax Expense (Benefit), Total	[1]	718,000	167,000
Loans and Leases Receivable, Gross, Total		908,796,000				$ 912,872,000
Loans and Leases Receivable, Allowance, Ending Balance		9,412,000				9,558,000
Operating Lease, Right-of-Use Asset		1,888,000
Operating Lease, Liability, Total		1,854,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset					$ 1,900,000
Operating Lease, Liability, Total					$ 1,900,000
Unallocated Financing Receivables [Member]
Loans and Leases Receivable, Gross, Total		16,934,000				16,511,000
Correction of Error with Collateral Position on Commercial and Industrial Classified Loan Relationship [Member]
Provision for Loan and Lease Losses, Total			300,000
Net Income (Loss) Attributable to Parent, Total		$ 0	(237,000)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total			(300,000)
Income Tax Expense (Benefit), Total			$ (63,000)
Earnings Per Share, Basic and Diluted, Total			$ (0.06)
Overstatement of Quarterly Results [Member]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total			$ 237,000	$ 237,000
Error in Loan Classifications within Commercial and Industrial Segment [Member] | Commercial and Industrial Segment [Member]
Loans and Leases Receivable, Gross, Total						(21,700,000)
Error in Loan Classifications within Commercial and Industrial Segment [Member] | Unallocated Financing Receivables [Member]
Loans and Leases Receivable, Allowance, Ending Balance						257,000
Error in Loan Classifications within Commercial and Industrial Segment [Member] | Commercial Real Estate and Residential Real Estate Segments [Member]
Loans and Leases Receivable, Gross, Total						$ 21,700,000

[1] The gross amount of losses on securities of $60 for the Three Months Ended March 31, 2019 are reported as Net Loss on Sales of Investments on the Consolidated Statement of Income. The income benefit effect is included in Income Taxes on the Consolidated Statement of Income.

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Note 2 - Merger (Details Textual) - USD ($)			3 Months Ended		6 Months Ended
	Jun. 30, 2018	Apr. 30, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Share Price		$ 31.9068
Assets, Total			$ 1,302,593,000		$ 1,281,301,000
Loans and Leases Receivable, Net Amount, Total			899,384,000		903,314,000
Deposits, Total			1,105,465,000		1,086,658,000
Goodwill, Ending Balance			28,425,000		28,425,000
First West Virginia Bancorp [Member]
Assets, Total		$ 334,000,000
Loans and Leases Receivable, Net Amount, Total		96,800,000
Deposits, Total		282,900,000
First West Virginia Bancorp [Member]
Business Combination, Consideration Transferred, Total	$ 51,328,000	$ 51,300,000			51,328,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		1,317,647
Payments to Acquire Businesses, Gross	9,801,000	$ 9,800,000			9,801,000
Business Combination, Acquisition Related Costs		$ 1,200,000		$ 24,000
Business Combination, Percentage of Ownership Held by Acquirer After Transaction Closed		76.00%
Business Combination, Percentage of Ownership Held by Acquiree After Transaction Closed		24.00%
Goodwill, Ending Balance	11,886,000	$ 23,500,000			23,472,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 12,789,000				$ 9,127,000
Business Combination, Severance Cost That Would Be Incurred if Retained Employees Had Employment Terminated Within One Year		100,000
Severance Costs			$ 52,000
First West Virginia Bancorp [Member] | Core Deposits [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		$ 9,100,000

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Note 2 - Merger - Fair Value of the Assets Acquired and Liabilities Assumed in the FWVB Merger (Details) - USD ($)			6 Months Ended
	Jun. 30, 2018	Apr. 30, 2018	Dec. 31, 2018	Mar. 31, 2019
Goodwill, Ending Balance			$ 28,425,000	$ 28,425,000
First West Virginia Bancorp [Member]
Cash Paid for Redemption of FWVB Common Stock	$ 9,801,000	$ 9,800,000	9,801,000
CB Financial Common Stock Issued in Exchange for FWVB Common Stock	41,527,000		41,527,000
Total Consideration Paid	51,328,000	51,300,000	51,328,000
Cash and Cash Equivalents	30,433,000		30,433,000
Net Loans	95,456,000		95,456,000
Investment Securities	187,628,000		187,628,000
Premises and Equipment	13,047,000		3,712,000
Premises and Equipment, Adjustments			(9,335,000)
Bank Owned Life Insurance	4,212,000		4,212,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	12,789,000		9,127,000
Core Deposit Intangible, Adjustments			(3,662,000)
Deferred Tax Liability	(87,000)
Deferred Tax Assets, Adjustments			1,411,000
Deferred Tax Assets			1,324,000
Other Assets	3,030,000		3,030,000
Total Assets Acquired	346,508,000		334,922,000
Total Assets Acquired, Adjustments			(11,586,000)
Deposits	281,620,000		281,620,000
Borrowings	22,329,000		22,329,000
Other Liabilities	3,117,000		3,117,000
Total Liabilities Assumed	307,066,000		307,066,000
Total Identifiable Net Assets	39,442,000		27,856,000
Goodwill, Ending Balance	$ 11,886,000	$ 23,500,000	23,472,000
Goodwill Recognized, Adjustments			$ 11,586,000

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Note 3 - Earnings Per Share (Details Textual) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Incremental Common Shares Attributable to Conversion of Debt Securities, Total	0	0

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Note 3 - Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Weighted-Average Common Shares Outstanding (in shares)	5,680,993	4,363,346
Average Treasury Stock Shares (in shares)	(248,137)	(267,054)
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share (in shares)	5,432,856	4,096,292
Additional Common Stock Equivalents (Stock Options and Restricted Stock) Used to Calculate Diluted Earnings Per Share (in shares)	18,622	37,931
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share (in shares)	5,451,478	4,134,223
Basic (in dollars per share)	$ 0.54	$ 0.33
Diluted (in dollars per share)	$ 0.54	$ 0.33

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Note 4 - Revenue Recognition From Contracts With Customers (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Noninterest Income from Bank-owned Life Insurance Policy Claim	$ 89,000	$ 391,000
Wealth Management Referral Fees, Check Sales, and Safety Deposit Box Rentals [Member]
Revenue from Contract with Customer, Excluding Assessed Tax, Total	$ 69,000	$ 42,000

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Note 4 - Revenue Recognition From Contracts With Customers - Impact of the Accounting Standard On Revenue Streams (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Noninterest income		$ 12,296	$ 8,707
Net Gains on Sales of Loans (b)		92	8
Net Loss on Sales of Investments (b)		(60)
Fair Value of Equity Securities (b)		20	(25)
Net Gains on Purchased Tax Credits (b)		9	11
Net Loss on Disposal of Fixed Assets (b)		(6)
Income from Bank-Owned Life Insurance (b)		132	108
Other (b)		66	29
Total non-interest income		2,315	2,086
Total non-interest expense		9,081	6,667
Accounting Standards Update 2014-09 [Member]
Net Gains on Sales of Loans (b)	[1]	92
Net Loss on Sales of Investments (b)	[1]	(60)
Fair Value of Equity Securities (b)	[1]	20
Net Gains on Purchased Tax Credits (b)	[1]	9
Net Loss on Disposal of Fixed Assets (b)	[1]	(6)
Income from Bank-Owned Life Insurance (b)	[1]	132
Other (b)	[1]	66
Total non-interest income		2,315
Other Real Estate Owned Expense		(63)
Total non-interest expense		(63)
Net non-interest income		2,378
Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Net Gains on Sales of Loans (b)	[1]		8
Net Loss on Sales of Investments (b)	[1]
Fair Value of Equity Securities (b)	[1]		(25)
Net Gains on Purchased Tax Credits (b)	[1]		11
Net Loss on Disposal of Fixed Assets (b)	[1]
Income from Bank-Owned Life Insurance (b)	[1]		108
Other (b)	[1]		29
Total non-interest income			2,086
Other Real Estate Owned Expense			7
Total non-interest expense			7
Net non-interest income			2,079
Deposit Account [Member]
Noninterest income		753	591
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member]
Noninterest income	[2]	753
Deposit Account [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Noninterest income	[2]		591
Insurance Commissions [Member]
Noninterest income		1,151	931
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member]
Noninterest income		1,151
Insurance Commissions [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Noninterest income			931
Financial Service, Other [Member]
Noninterest income		158	433
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member]
Noninterest income	[3]	$ 158
Financial Service, Other [Member] | Accounting Standards Update 2014-09 [Member] | Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Noninterest income	[3]		$ 433

[1] Not within the scope of ASC 606.

[2] Interchange fees and ATM fees are included within this line item.

[3] The Other Commissions category includes wealth management referral fees, check sales and safe deposit box rentals totaling $69,000 and $42,000 for the three months ended March 31, 2019 and 2018, respectively, which are in the scope of ASC 606; the remaining balances of $89,000 and $391,000 for the three months ended March 31, 2019 and 2018, respectively, represent income derived from other various commissions and a bank-owned life insurance policy claim for the three months ended March 31, 2018, which are all outside the scope of ASC 606. The following narrative describes the Company's revenue streams accounted for under the guidance of ASC 606 as follows:

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Note 5 - Investment Securities (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	$ 0	$ 0

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Note 5 - Investment Securities - Amortized Cost and Fair Value of Investment Securities Available-for-sale (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Securities available-for-sale, amortized cost	$ 223,505	$ 227,280
Securities available-for-sale, gross unrealized gains	2,524	1,064
Securities available-for-sale, gross unrealized losses	(1,356)	(2,935)
Securities available-for-sale, fair value	224,673	225,409
US Government Agencies Debt Securities [Member]
Securities available-for-sale, amortized cost	82,526	82,506
Securities available-for-sale, gross unrealized gains	389	160
Securities available-for-sale, gross unrealized losses	(1,012)	(2,087)
Securities available-for-sale, fair value	81,903	80,579
US States and Political Subdivisions Debt Securities [Member]
Securities available-for-sale, amortized cost	33,446	44,737
Securities available-for-sale, gross unrealized gains	494	230
Securities available-for-sale, gross unrealized losses	(33)	(366)
Securities available-for-sale, fair value	33,907	44,601
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available-for-sale, amortized cost	105,013	97,535
Securities available-for-sale, gross unrealized gains	1,562	582
Securities available-for-sale, gross unrealized losses	(208)	(346)
Securities available-for-sale, fair value	106,367	97,771
Equity Securities - Mutual Funds [Member]
Securities available-for-sale, amortized cost	1,000	1,000
Securities available-for-sale, gross unrealized gains
Securities available-for-sale, gross unrealized losses	(20)	(32)
Securities available-for-sale, fair value	980	968
Equity Securities [Member]
Securities available-for-sale, amortized cost	1,520	1,502
Securities available-for-sale, gross unrealized gains	79	92
Securities available-for-sale, gross unrealized losses	(83)	(104)
Securities available-for-sale, fair value	$ 1,516	$ 1,490

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Note 5 - Investment Securities - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position (Details)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Securities in continuous unrealized loss position, less than twelve months, number of securities	12	33
Securities in continuous unrealized loss position, less than twelve months, fair value	$ 1,290,000	$ 14,772,000
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses	$ (89,000)	$ (233,000)
Securities in continuous unrealized loss position, twelve months or more, number of securities	49	60
Securities in continuous unrealized loss position, twelve months or more, fair value	$ 87,613,000	$ 91,467,000
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses	$ (1,267,000)	$ (2,702,000)
Securities in continuous unrealized loss position, number of securities	61	93
Securities in continuous unrealized loss position, fair value	$ 88,903,000	$ 106,239,000
Securities in continuous unrealized loss position, gross unrealized losses	$ (1,356,000)	$ (2,935,000)
US Government Agencies Debt Securities [Member]
Securities in continuous unrealized loss position, less than twelve months, number of securities
Securities in continuous unrealized loss position, less than twelve months, fair value
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses
Securities in continuous unrealized loss position, twelve months or more, number of securities	23	23
Securities in continuous unrealized loss position, twelve months or more, fair value	$ 66,513,000	$ 65,450,000
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses	$ (1,012,000)	$ (2,087,000)
Securities in continuous unrealized loss position, number of securities	23	23
Securities in continuous unrealized loss position, fair value	$ 66,513,000	$ 65,450,000
Securities in continuous unrealized loss position, gross unrealized losses	$ (1,012,000)	$ (2,087,000)
US States and Political Subdivisions Debt Securities [Member]
Securities in continuous unrealized loss position, less than twelve months, number of securities		24
Securities in continuous unrealized loss position, less than twelve months, fair value		$ 13,212,000
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses		$ (133,000)
Securities in continuous unrealized loss position, twelve months or more, number of securities	14	25
Securities in continuous unrealized loss position, twelve months or more, fair value	$ 7,052,000	$ 11,918,000
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses	$ (33,000)	$ (233,000)
Securities in continuous unrealized loss position, number of securities	14	49
Securities in continuous unrealized loss position, fair value	$ 7,052,000	$ 25,130,000
Securities in continuous unrealized loss position, gross unrealized losses	$ (33,000)	$ (366,000)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities in continuous unrealized loss position, less than twelve months, number of securities
Securities in continuous unrealized loss position, less than twelve months, fair value
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses
Securities in continuous unrealized loss position, twelve months or more, number of securities	9	9
Securities in continuous unrealized loss position, twelve months or more, fair value	$ 13,402,000	$ 13,874,000
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses	$ (208,000)	$ (346,000)
Securities in continuous unrealized loss position, number of securities	9	9
Securities in continuous unrealized loss position, fair value	$ 13,402,000	$ 13,874,000
Securities in continuous unrealized loss position, gross unrealized losses	$ (208,000)	$ (346,000)
Equity Securities - Mutual Funds [Member]
Securities in continuous unrealized loss position, less than twelve months, number of securities	1	2
Securities in continuous unrealized loss position, less than twelve months, fair value	$ 482,000	$ 968
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses	$ (18,000)	$ (32)
Securities in continuous unrealized loss position, twelve months or more, number of securities	1
Securities in continuous unrealized loss position, twelve months or more, fair value	$ 498,000
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses	$ (2,000)
Securities in continuous unrealized loss position, number of securities	2	2
Securities in continuous unrealized loss position, fair value	$ 980,000	$ 968
Securities in continuous unrealized loss position, gross unrealized losses	$ (20,000)	$ (32)
Equity Securities [Member]
Securities in continuous unrealized loss position, less than twelve months, number of securities	11	7
Securities in continuous unrealized loss position, less than twelve months, fair value	$ 808,000	$ 592,000
Securities in continuous unrealized loss position, less than twelve months, gross unrealized losses	$ (71,000)	$ (68,000)
Securities in continuous unrealized loss position, twelve months or more, number of securities	2	3
Securities in continuous unrealized loss position, twelve months or more, fair value	$ 148,000	$ 225,000
Securities in continuous unrealized loss position, twelve months or more, gross unrealized losses	$ (12,000)	$ (36,000)
Securities in continuous unrealized loss position, number of securities	13	10
Securities in continuous unrealized loss position, fair value	$ 956,000	$ 817,000
Securities in continuous unrealized loss position, gross unrealized losses	$ (83,000)	$ (104,000)

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Note 5 - Investment Securities - Maturities of Investment Securities Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Due in one year or less, amortized cost	$ 3,526
Due in one year or less, fair value	3,551
Due after one year through five years, amortized cost	69,212
Due after one year through five years, fair value	68,355
Due after five years through ten years, amortized cost	45,987
Due after five years through ten years, fair value	46,543
Due after ten years, amortized cost	104,780
Due after ten years, fair value	106,224
Total, amortized cost	223,505	$ 227,280
Total, fair value	$ 224,673	$ 225,409

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Note 6 - Loans and Related Allowance for Loan Loss (Details Textual)	3 Months Ended
	Mar. 31, 2019 USD ($)	Mar. 31, 2018	Dec. 31, 2018 USD ($)
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total	$ 850,000		$ 926,000
Real Estate Loans Serviced for Others	102,400,000		99,000,000
Loans and Leases Receivable, Gross, Total	908,796,000		912,872,000
Mortgage Loans in Process of Foreclosure, Amount	$ 1,100,000		$ 1,400,000
Financing Receivable, TDRs, Number of Contracts	12		12
Financing Receivable, Troubled Debt Restructuring	$ 2,800,000		$ 3,600,000
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	0
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Loans and Leases Receivable, Gross, Total	$ 303,036,000		307,064,000
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Loans and Leases Receivable, Gross, Total	83,688,000		91,463,000
Residential Portfolio Segment [Member]
Financing Receivable, Modifications, Number of Contracts		1
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Loans and Leases Receivable, Gross, Total	326,406,000		326,769,000
Originated Loans [Member]
Loans and Leases Receivable, Gross, Total	$ 724,553,000		$ 721,591,000
Financing Receivable, TDRs, Number of Contracts	7		6
Financing Receivable, Troubled Debt Restructuring	$ 2,100,000		$ 2,100,000
Financing Receivable, Modifications, Number of Contracts	1
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Loans and Leases Receivable, Gross, Total	$ 227,503,000		229,455,000
Financing Receivable, Troubled Debt Restructuring	$ 970,000		980,000
Financing Receivable, Modifications, Number of Contracts Paid Off	1
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Loans and Leases Receivable, Gross, Total	$ 72,917,000		78,466,000
Financing Receivable, Troubled Debt Restructuring	$ 133,000		154,000
Financing Receivable, Modifications, Number of Contracts Paid Off	1
Financing Receivable, Modifications, Number of Termed Out		1
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Loans and Leases Receivable, Gross, Total	$ 239,327,000		235,492,000
Financing Receivable, Troubled Debt Restructuring	$ 86,000		26,000
Financing Receivable, Modifications, Number of Contracts	1
Acquired Loans [Member]
Loans and Leases Receivable, Gross, Total	$ 184,243,000		$ 191,281,000
Financing Receivable, TDRs, Number of Contracts	5		6
Financing Receivable, Troubled Debt Restructuring	$ 679,000		$ 1,500,000
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Loans and Leases Receivable, Gross, Total	75,533,000		77,609,000
Financing Receivable, Troubled Debt Restructuring	323,000		333,000
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Loans and Leases Receivable, Gross, Total	10,771,000		12,997,000
Acquired Loans [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Modifications, Number of Contracts Paid Off		1
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Loans and Leases Receivable, Gross, Total	87,079,000		91,277,000
Financing Receivable, Troubled Debt Restructuring	356,000		1,212,000
Unlikely to be Collected Financing Receivable [Member]
Loans and Leases Receivable, Gross, Total	$ 0		$ 0

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Note 6 - Loans and Related Allowance for Loan Loss - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans	$ 908,796	$ 912,872
Loans, percent	100.00%	100.00%
Allowance for loan losses	$ (9,412)	$ (9,558)
Loans, Net	899,384	903,314
Originated Loans [Member]
Loans	$ 724,553	$ 721,591
Loans, percent	100.00%	100.00%
Allowance for loan losses	$ (8,793)	$ (8,942)
Loans, Net	715,760	712,649
Acquired Loans [Member]
Loans	$ 184,243	$ 191,281
Loans, percent	100.00%	100.00%
Allowance for loan losses	$ (619)	$ (616)
Loans, Net	183,624	190,665
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Loans	$ 326,406	$ 326,769
Loans, percent	35.90%	35.90%
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans	$ 239,327	$ 235,492
Loans, percent	33.00%	32.60%
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans	$ 87,079	$ 91,277
Loans, percent	47.20%	47.80%
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Loans	$ 303,036	$ 307,064
Loans, percent	33.30%	33.60%
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans	$ 227,503	$ 229,455
Loans, percent	31.40%	31.80%
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans	$ 75,533	$ 77,609
Loans, percent	40.90%	40.50%
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Loans	$ 83,688	$ 91,463
Loans, percent	9.20%	10.00%
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member]
Loans	$ 72,917	$ 78,466
Loans, percent	10.10%	10.90%
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member]
Loans	$ 10,771	$ 12,997
Loans, percent	5.90%	6.80%
Construction Portfolio Segment [Member] | Real Estate Sector [Member]
Loans	$ 59,963	$ 48,824
Loans, percent	6.60%	5.30%
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans	$ 55,982	$ 46,824
Loans, percent	7.70%	6.50%
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans	$ 3,981	$ 2,000
Loans, percent	2.20%	1.00%
Consumer Portfolio Segment [Member]
Loans	$ 118,769	$ 122,241
Loans, percent	13.10%	13.40%
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Loans	$ 116,619	$ 119,731
Loans, percent	16.10%	16.60%
Consumer Portfolio Segment [Member] | Acquired Loans [Member]
Loans	$ 2,150	$ 2,510
Loans, percent	1.20%	1.30%
Unallocated Financing Receivables [Member]
Loans	$ 16,934	$ 16,511
Loans, percent	1.90%	1.80%
Unallocated Financing Receivables [Member] | Originated Loans [Member]
Loans	$ 12,205	$ 11,623
Loans, percent	1.70%	1.60%
Unallocated Financing Receivables [Member] | Acquired Loans [Member]
Loans	$ 4,729	$ 4,888
Loans, percent	2.60%	2.60%

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Note 6 - Loans and Related Allowance for Loan Loss - Credit Quality Information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans	$ 908,796	$ 912,872
Pass [Member]
Loans	875,065	881,217
Special Mention [Member]
Loans	27,050	26,021
Substandard [Member]
Loans	4,516	3,396
Doubtful [Member]
Loans	2,165	2,238
Originated Loans [Member]
Loans	724,553	721,591
Originated Loans [Member] | Pass [Member]
Loans	699,480	699,497
Originated Loans [Member] | Special Mention [Member]
Loans	19,863	17,892
Originated Loans [Member] | Substandard [Member]
Loans	3,045	1,964
Originated Loans [Member] | Doubtful [Member]
Loans	2,165	2,238
Acquired Loans [Member]
Loans	184,243	191,281
Acquired Loans [Member] | Pass [Member]
Loans	175,585	181,720
Acquired Loans [Member] | Special Mention [Member]
Loans	7,187	8,129
Acquired Loans [Member] | Substandard [Member]
Loans	1,471	1,432
Acquired Loans [Member] | Doubtful [Member]
Loans
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Loans	326,406	326,769
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member]
Loans	323,517	323,362
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member]
Loans	1,048	1,922
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member]
Loans	1,841	1,485
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member]
Loans
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans	239,327	235,492
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member]
Loans	237,419	233,872
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member]
Loans	1,048	1,071
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member]
Loans	860	549
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member]
Loans
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans	87,079	91,277
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member]
Loans	86,098	89,490
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member]
Loans		851
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member]
Loans	981	936
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member]
Loans
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Loans	303,036	307,064
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member]
Loans	282,714	292,233
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member]
Loans	17,793	12,476
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member]
Loans	1,396	1,184
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member]
Loans	1,133	1,171
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans	227,503	229,455
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member]
Loans	214,742	222,279
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member]
Loans	10,706	5,301
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member]
Loans	922	704
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member]
Loans	1,133	1,171
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans	75,533	77,609
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member]
Loans	67,972	69,954
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member]
Loans	7,087	7,175
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member]
Loans	474	480
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member]
Loans
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Loans	83,688	91,463
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Pass [Member]
Loans	77,120	81,534
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Special Mention [Member]
Loans	4,707	8,618
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Substandard [Member]
Loans	829	244
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Doubtful [Member]
Loans	1,032	1,067
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member]
Loans	72,917	78,466
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Pass [Member]
Loans	66,365	68,553
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Special Mention [Member]
Loans	4,707	8,618
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Substandard [Member]
Loans	813	228
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Doubtful [Member]
Loans	1,032	1,067
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member]
Loans	10,771	12,997
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Pass [Member]
Loans	10,755	12,981
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Special Mention [Member]
Loans
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Substandard [Member]
Loans	16	16
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Doubtful [Member]
Loans
Construction Portfolio Segment [Member] | Real Estate Sector [Member]
Loans	59,963	48,824
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member]
Loans	56,676	45,522
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member]
Loans	2,902	2,902
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member]
Loans	385	400
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member]
Loans
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans	55,982	46,824
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member]
Loans	52,695	43,522
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member]
Loans	2,902	2,902
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member]
Loans	385	400
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member]
Loans
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans	3,981	2,000
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member]
Loans	3,981	2,000
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member]
Loans
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member]
Loans
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member]
Loans
Consumer Portfolio Segment [Member]
Loans	118,769	122,241
Consumer Portfolio Segment [Member] | Pass [Member]
Loans	118,704	122,158
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans	65	83
Consumer Portfolio Segment [Member] | Doubtful [Member]
Loans
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Loans	116,619	119,731
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member]
Loans	116,554	119,648
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Special Mention [Member]
Loans
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member]
Loans	65	83
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Doubtful [Member]
Loans
Consumer Portfolio Segment [Member] | Acquired Loans [Member]
Loans	2,150	2,510
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member]
Loans	2,150	2,510
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member]
Loans
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member]
Loans
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member]
Loans
Other Portfolio Segment [Member]
Loans	16,934	16,511
Other Portfolio Segment [Member] | Pass [Member]
Loans	16,334	16,408
Other Portfolio Segment [Member] | Special Mention [Member]
Loans	600	103
Other Portfolio Segment [Member] | Substandard [Member]
Loans
Other Portfolio Segment [Member] | Doubtful [Member]
Loans
Other Portfolio Segment [Member] | Originated Loans [Member]
Loans	12,205	11,623
Other Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member]
Loans	11,705	11,623
Other Portfolio Segment [Member] | Originated Loans [Member] | Special Mention [Member]
Loans	500
Other Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member]
Loans
Other Portfolio Segment [Member] | Originated Loans [Member] | Doubtful [Member]
Loans
Other Portfolio Segment [Member] | Acquired Loans [Member]
Loans	4,729	4,888
Other Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member]
Loans	4,629	4,785
Other Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member]
Loans	100	103
Other Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member]
Loans
Other Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member]
Loans

XML

Note 6 - Loans and Related Allowance for Loan Loss - Loans by Aging Categories (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans current	$ 899,792	$ 905,326
Past due	5,385	4,265
Non-accrual	3,619	3,281
Loans	908,796	912,872
Financial Asset, 30 to 59 Days Past Due [Member]
Past due	5,178	3,548
Financial Asset, 60 to 89 Days Past Due [Member]
Past due	86	390
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	121	327
Originated Loans [Member]
Loans current	717,567	716,081
Past due	4,805	3,644
Non-accrual	2,181	1,866
Loans	724,553	721,591
Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	4,598	2,993
Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	86	324
Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	121	327
Acquired Loans [Member]
Loans current	182,225	189,245
Past due	580	621
Non-accrual	1,438	1,415
Loans	184,243	191,281
Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	580	555
Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due		66
Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Loans current	322,017	322,372
Past due	1,928	2,243
Non-accrual	2,461	2,154
Loans	326,406	326,769
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	1,802	1,782
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	62	137
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	64	324
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans current	236,800	232,967
Past due	1,488	1,770
Non-accrual	1,039	755
Loans	239,327	235,492
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	1,362	1,374
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	62	72
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	64	324
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans current	85,217	89,405
Past due	440	473
Non-accrual	1,422	1,399
Loans	87,079	91,277
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	440	408
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due		65
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Loans current	302,659	306,721
Past due	120	343
Non-accrual	257
Loans	303,036	307,064
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	115	161
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	5	182
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans current	227,202	229,189
Past due	44	266
Non-accrual	257
Loans	227,503	229,455
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	39	84
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	5	182
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans current	75,457	77,532
Past due	76	77
Non-accrual
Loans	75,533	77,609
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	76	77
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Loans current	80,474	90,151
Past due	2,379	268
Non-accrual	835	1,044
Loans	83,688	91,463
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	2,379	268
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member]
Loans current	69,783	77,222
Past due	2,315	216
Non-accrual	819	1,028
Loans	72,917	78,466
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	2,315	216
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member]
Loans current	10,691	12,929
Past due	64	52
Non-accrual	16	16
Loans	10,771	12,997
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	64	52
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member]
Loans current	59,963	48,824
Past due
Non-accrual
Loans	59,963	48,824
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Loans current	55,982	46,824
Past due
Non-accrual
Loans	55,982	46,824
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Loans current	3,981	2,000
Past due
Non-accrual
Loans	3,981	2,000
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Consumer Portfolio Segment [Member]
Loans current	117,745	120,747
Past due	958	1,411
Non-accrual	66	83
Loans	118,769	122,241
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	882	1,337
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	19	71
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	57	3
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Loans current	115,595	118,256
Past due	958	1,392
Non-accrual	66	83
Loans	116,619	119,731
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	882	1,319
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	19	70
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	57	3
Consumer Portfolio Segment [Member] | Acquired Loans [Member]
Loans current	2,150	2,491
Past due		19
Non-accrual
Loans	2,150	2,510
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due		18
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due		1
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Other Portfolio Segment [Member]
Loans current	16,934	16,511
Past due
Non-accrual
Loans	16,934	16,511
Other Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due
Other Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Other Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Other Portfolio Segment [Member] | Originated Loans [Member]
Loans current	12,205	11,623
Past due
Non-accrual
Loans	12,205	11,623
Other Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due
Other Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Other Portfolio Segment [Member] | Originated Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due
Other Portfolio Segment [Member] | Acquired Loans [Member]
Loans current	4,729	4,888
Past due
Non-accrual
Loans	4,729	4,888
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due
Other Portfolio Segment [Member] | Acquired Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due

XML

Note 6 - Loans and Related Allowance for Loan Loss - Nonperforming Assets (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Non-accrual	$ 3,619,000	$ 3,281,000
Nonperforming loans	2,800,000	3,600,000
Total Nonperforming Loans	908,796,000	912,872,000
Total Nonperforming Assets	$ 1,302,593,000	$ 1,281,301,000
Nonperforming Loans to Total Loans	0.62%	0.69%
Nonperforming Assets to Total Assets	0.44%	0.56%
Nonperforming Financial Instruments [Member]
Non-accrual	$ 3,619,000	$ 3,281,000
Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due	3,740,000	3,608,000
Nonperforming loans	1,868,000	2,705,000
Total Nonperforming Loans	5,608,000	6,313,000
Total Real Estate Owned	174,000	917,000
Total Nonperforming Assets	5,782,000	7,230,000
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Non-accrual	2,461,000	2,154,000
Total Nonperforming Loans	326,406,000	326,769,000
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member]
Total Real Estate Owned		46,000
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Non-accrual	257,000
Total Nonperforming Loans	303,036,000	307,064,000
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member]
Total Real Estate Owned	174,000	871,000
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Non-accrual	835,000	1,044,000
Total Nonperforming Loans	83,688,000	91,463,000
Consumer Portfolio Segment [Member]
Non-accrual	66,000	83,000
Total Nonperforming Loans	118,769,000	122,241,000
Originated Loans [Member]
Non-accrual	2,181,000	1,866,000
Accruing loans past due 90 days or more	121,000	327,000
Nonperforming loans	2,100,000	2,100,000
Total Nonperforming Loans	724,553,000	721,591,000
Originated Loans [Member] | Nonperforming Financial Instruments [Member]
Nonperforming loans	1,189,000	1,160,000
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Non-accrual	1,039,000	755,000
Nonperforming loans	86,000	26,000
Total Nonperforming Loans	239,327,000	235,492,000
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Non-accrual	257,000
Nonperforming loans	970,000	980,000
Total Nonperforming Loans	227,503,000	229,455,000
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Non-accrual	819,000	1,028,000
Nonperforming loans	133,000	154,000
Total Nonperforming Loans	72,917,000	78,466,000
Originated Loans [Member] | Consumer Portfolio Segment [Member]
Non-accrual	66,000	83,000
Accruing loans past due 90 days or more	57,000	3,000
Total Nonperforming Loans	116,619,000	119,731,000
Acquired Loans [Member]
Non-accrual	1,438,000	1,415,000
Nonperforming loans	679,000	1,500,000
Total Nonperforming Loans	184,243,000	191,281,000
Acquired Loans [Member] | Nonperforming Financial Instruments [Member]
Nonperforming loans	679,000	1,545,000
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Non-accrual	1,422,000	1,399,000
Accruing loans past due 90 days or more	64,000	324,000
Nonperforming loans	356,000	1,212,000
Total Nonperforming Loans	87,079,000	91,277,000
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Non-accrual
Nonperforming loans	323,000	333,000
Total Nonperforming Loans	75,533,000	77,609,000
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Non-accrual	16,000	16,000
Total Nonperforming Loans	10,771,000	12,997,000
Acquired Loans [Member] | Consumer Portfolio Segment [Member]
Non-accrual
Total Nonperforming Loans	$ 2,150,000	$ 2,510,000

XML

Note 6 - Loans and Related Allowance for Loan Loss - Loans Classified as TDRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)	Mar. 31, 2018
Residential Portfolio Segment [Member]
Number of contracts		1
Originated Loans [Member]
Number of contracts	1
Pre-modification outstanding recorded investment	$ 61
Post-modification outstanding recorded investment	61
Related allowance
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Number of contracts	1
Pre-modification outstanding recorded investment	$ 61
Post-modification outstanding recorded investment	61
Related allowance

XML

Note 6 - Loans and Related Allowance for Loan Loss - Impaired Loans (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Recorded investment - with no related allowance	$ 6,025,000	$ 6,081,000
Unpaid principal balance - with no related allowance	6,037,000	6,096,000
Average recorded investment - with no related allowance	6,112,000	5,679,000
Interest income recognzied - with no related allowance	79,000	294,000
Recorded investment - with related allowance	1,742,000	1,800,000
Related allowance	983,000	1,012,000
Unpaid principal balance - with related allowance	1,859,000	1,905,000
Average recorded investment - with related allowance	1,883,000	1,954,000
Interest income recognized - with related allowance	26,000	106,000
Recorded investment	7,767,000	7,881,000
Unpaid principal balance	7,896,000	8,001,000
Average recorded investment	7,995,000	7,633,000
Interest income recognized	105,000	400,000
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Recorded investment - with no related allowance	506,000	1,283,000
Unpaid principal balance - with no related allowance	509,000	1,286,000
Average recorded investment - with no related allowance	513,000	1,316,000
Interest income recognzied - with no related allowance	6,000	67,000
Related allowance
Recorded investment	506,000	1,283,000
Unpaid principal balance	509,000	1,286,000
Average recorded investment	513,000	1,316,000
Interest income recognized	6,000	67,000
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Recorded investment - with no related allowance	4,188,000	4,016,000
Unpaid principal balance - with no related allowance	4,196,000	4,016,000
Average recorded investment - with no related allowance	4,222,000	3,494,000
Interest income recognzied - with no related allowance	55,000	197,000
Recorded investment - with related allowance	694,000	718,000
Related allowance	199,000	219,000
Unpaid principal balance - with related allowance	695,000	718,000
Average recorded investment - with related allowance	707,000	745,000
Interest income recognized - with related allowance	10,000	43,000
Recorded investment	4,882,000	4,734,000
Unpaid principal balance	4,891,000	4,734,000
Average recorded investment	4,929,000	4,239,000
Interest income recognized	65,000	240,000
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Recorded investment - with no related allowance	946,000	382,000
Unpaid principal balance - with no related allowance	947,000	394,000
Average recorded investment - with no related allowance	985,000	403,000
Interest income recognzied - with no related allowance	12,000	5,000
Recorded investment - with related allowance	1,048,000	1,082,000
Related allowance	784,000	793,000
Unpaid principal balance - with related allowance	1,164,000	1,187,000
Average recorded investment - with related allowance	1,176,000	1,209,000
Interest income recognized - with related allowance	16,000	63,000
Recorded investment	1,994,000	1,464,000
Unpaid principal balance	2,111,000	1,581,000
Average recorded investment	2,161,000	1,612,000
Interest income recognized	28,000	68,000
Construction Portfolio Segment [Member] | Real Estate Sector [Member]
Recorded investment - with no related allowance	385,000	400,000
Unpaid principal balance - with no related allowance	385,000	400,000
Average recorded investment - with no related allowance	392,000	466,000
Interest income recognzied - with no related allowance	6,000	25,000
Related allowance
Recorded investment	385,000
Unpaid principal balance	385,000
Average recorded investment	392,000
Interest income recognized	6,000
Other Portfolio Segment [Member]
Recorded investment - with no related allowance
Unpaid principal balance - with no related allowance
Average recorded investment - with no related allowance
Interest income recognzied - with no related allowance
Related allowance
Recorded investment
Unpaid principal balance
Average recorded investment
Interest income recognized
Originated Loans [Member]
Recorded investment - with no related allowance	3,228,000	2,403,000
Unpaid principal balance - with no related allowance	3,240,000	2,418,000
Average recorded investment - with no related allowance	3,300,000	2,577,000
Interest income recognzied - with no related allowance	40,000	108,000
Recorded investment - with related allowance	1,685,000	1,740,000
Related allowance	970,000	998,000
Unpaid principal balance - with related allowance	1,801,000	1,845,000
Average recorded investment - with related allowance	1,824,000	1,909,000
Interest income recognized - with related allowance	25,000	103,000
Recorded investment	4,913,000	4,143,000
Unpaid principal balance	5,041,000	4,263,000
Average recorded investment	5,124,000	4,486,000
Interest income recognized	65,000	211,000
Originated Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Recorded investment - with no related allowance	150,000	71,000
Unpaid principal balance - with no related allowance	153,000	74,000
Average recorded investment - with no related allowance	155,000	82,000
Interest income recognzied - with no related allowance	2,000	4,000
Related allowance
Recorded investment	150,000	71,000
Unpaid principal balance	153,000	74,000
Average recorded investment	155,000	82,000
Interest income recognized	2,000	4,000
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Recorded investment - with no related allowance	1,747,000	1,550,000
Unpaid principal balance - with no related allowance	1,755,000	1,550,000
Average recorded investment - with no related allowance	1,768,000	1,626,000
Interest income recognzied - with no related allowance	20,000	74,000
Recorded investment - with related allowance	653,000	674,000
Related allowance	193,000	211,000
Unpaid principal balance - with related allowance	653,000	674,000
Average recorded investment - with related allowance	664,000	716,000
Interest income recognized - with related allowance	9,000	40,000
Recorded investment	2,400,000	2,224,000
Unpaid principal balance	2,408,000	2,224,000
Average recorded investment	2,432,000	2,342,000
Interest income recognized	29,000	114,000
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Recorded investment - with no related allowance	946,000	382,000
Unpaid principal balance - with no related allowance	947,000	394,000
Average recorded investment - with no related allowance	985,000	403,000
Interest income recognzied - with no related allowance	12,000	5,000
Recorded investment - with related allowance	1,032,000	1,066,000
Related allowance	777,000	787,000
Unpaid principal balance - with related allowance	1,148,000	1,171,000
Average recorded investment - with related allowance	1,160,000	1,193,000
Interest income recognized - with related allowance	16,000	63,000
Recorded investment	1,978,000	1,448,000
Unpaid principal balance	2,095,000	1,565,000
Average recorded investment	2,145,000	1,596,000
Interest income recognized	28,000	68,000
Originated Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member]
Recorded investment - with no related allowance	385,000	400,000
Unpaid principal balance - with no related allowance	385,000	400,000
Average recorded investment - with no related allowance	392,000	466,000
Interest income recognzied - with no related allowance	6,000	25,000
Related allowance
Recorded investment	385,000	400,000
Unpaid principal balance	385,000	400,000
Average recorded investment	392,000	466,000
Interest income recognized	6,000	25,000
Originated Loans [Member] | Other Portfolio Segment [Member]
Related allowance
Recorded investment
Unpaid principal balance
Average recorded investment
Interest income recognized
Acquired Loans [Member]
Recorded investment - with no related allowance	2,797,000	3,678,000
Unpaid principal balance - with no related allowance	2,797,000	3,678,000
Average recorded investment - with no related allowance	2,812,000	3,102,000
Interest income recognzied - with no related allowance	39,000	186,000
Recorded investment - with related allowance	57,000	60,000
Related allowance	13,000	14,000
Unpaid principal balance - with related allowance	58,000	60,000
Average recorded investment - with related allowance	59,000	45,000
Interest income recognized - with related allowance	1,000	3,000
Recorded investment	2,854,000	3,738,000
Unpaid principal balance	2,855,000	3,738,000
Average recorded investment	2,871,000	3,147,000
Interest income recognized	40,000	189,000
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Recorded investment - with no related allowance	356,000	1,212,000
Unpaid principal balance - with no related allowance	356,000	1,212,000
Average recorded investment - with no related allowance	358,000	1,234,000
Interest income recognzied - with no related allowance	4,000	63,000
Related allowance
Recorded investment	356,000	1,212,000
Unpaid principal balance	356,000	1,212,000
Average recorded investment	358,000	1,234,000
Interest income recognized	4,000	63,000
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Recorded investment - with no related allowance	2,441,000	2,466,000
Unpaid principal balance - with no related allowance	2,441,000	2,466,000
Average recorded investment - with no related allowance	2,454,000	1,868,000
Interest income recognzied - with no related allowance	35,000	123,000
Recorded investment - with related allowance	41,000	44,000
Related allowance	6,000	8,000
Unpaid principal balance - with related allowance	42,000	44,000
Average recorded investment - with related allowance	43,000	29,000
Interest income recognized - with related allowance	1,000	3,000
Recorded investment	2,482,000	2,510,000
Unpaid principal balance	2,483,000	2,510,000
Average recorded investment	2,497,000	1,897,000
Interest income recognized	36,000	126,000
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Recorded investment - with related allowance	16,000	16,000
Related allowance	7,000	6,000
Unpaid principal balance - with related allowance	16,000	16,000
Average recorded investment - with related allowance	16,000	16,000
Interest income recognized - with related allowance
Recorded investment	16,000	16,000
Unpaid principal balance	16,000	16,000
Average recorded investment	16,000	16,000
Interest income recognized
Acquired Loans [Member] | Construction Portfolio Segment [Member] | Real Estate Sector [Member]
Related allowance
Recorded investment		400,000
Unpaid principal balance		400,000
Average recorded investment		466,000
Interest income recognized		$ 25,000
Acquired Loans [Member] | Other Portfolio Segment [Member]
Related allowance
Recorded investment
Unpaid principal balance
Average recorded investment
Interest income recognized

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Note 6 - Loans and Related Allowance for Loan Loss - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Beginning Balance	$ 9,558	$ 8,796
Charge-offs	(213)	(1,566)
Recoveries	42	166
Provision	25	1,500
Ending Balance	9,412	8,896
Individually Evaluated for Impairment	983	1,618	$ 1,012
Collectively Evaluated for Potential Impairment	8,429	7,278	8,546
Originated Loans [Member]
Beginning Balance	8,942	8,215
Charge-offs	(212)	(1,566)
Recoveries	38	51
Provision	25	1,500
Ending Balance	8,793	8,200
Individually Evaluated for Impairment	970	1,615	998
Collectively Evaluated for Potential Impairment	7,823	6,585	7,944
Acquired Loans [Member]
Beginning Balance	616	581
Charge-offs	(1)
Recoveries	4	115
Provision
Ending Balance	619	696
Individually Evaluated for Impairment	13	3	14
Collectively Evaluated for Potential Impairment	606	693	602
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Beginning Balance	1,050	891
Charge-offs		(27)
Recoveries	4	5
Provision	100	6
Ending Balance	1,154	875
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	1,154	875	1,050
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Beginning Balance	1,050	891
Charge-offs		(27)
Recoveries	4	4
Provision	100	7
Ending Balance	1,154	875
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	1,154	875	1,050
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Beginning Balance
Charge-offs
Recoveries		1
Provision		(1)
Ending Balance
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Beginning Balance	2,693	2,289
Charge-offs
Recoveries	13	114
Provision	(156)	290
Ending Balance	2,550	2,693
Individually Evaluated for Impairment	199	351	219
Collectively Evaluated for Potential Impairment	2,351	2,342	2,474
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Beginning Balance	2,217	1,799
Charge-offs
Recoveries	12
Provision	(102)	407
Ending Balance	2,127	2,206
Individually Evaluated for Impairment	193	351	211
Collectively Evaluated for Potential Impairment	1,934	1,855	2,006
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Beginning Balance	476	490
Charge-offs
Recoveries	1	114
Provision	(54)	(117)
Ending Balance	423	487
Individually Evaluated for Impairment	6		8
Collectively Evaluated for Potential Impairment	417	487	468
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Beginning Balance	2,807	2,544
Charge-offs		(1,398)
Recoveries	1	2
Provision	(255)	1,790
Ending Balance	2,553	2,938
Individually Evaluated for Impairment	784	1,267	793
Collectively Evaluated for Potential Impairment	1,769	1,671	2,014
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member]
Beginning Balance	2,698	2,461
Charge-offs		(1,398)
Recoveries	1	2
Provision	(231)	1,706
Ending Balance	2,468	2,771
Individually Evaluated for Impairment	777	1,264	787
Collectively Evaluated for Potential Impairment	1,691	1,507	1,911
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member]
Beginning Balance	109	83
Charge-offs
Recoveries
Provision	(24)	84
Ending Balance	85	167
Individually Evaluated for Impairment	7	3	6
Collectively Evaluated for Potential Impairment	78	164	103
Construction Portfolio Segment [Member] | Real Estate Sector [Member]
Beginning Balance	395	276
Charge-offs
Recoveries
Provision	105	(120)
Ending Balance	500	156
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	500	156	395
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Beginning Balance	395	276
Charge-offs
Recoveries
Provision	105	(120)
Ending Balance	500	156
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	500	156	395
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Beginning Balance
Charge-offs
Recoveries
Provision
Ending Balance
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment
Consumer Portfolio Segment [Member]
Beginning Balance	2,027	2,358
Charge-offs	(213)	(141)
Recoveries	24	45
Provision	(105)	(106)
Ending Balance	1,733	2,156
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	1,733	2,156	2,027
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Beginning Balance	2,027	2,358
Charge-offs	(212)	(141)
Recoveries	21	45
Provision	(103)	(106)
Ending Balance	1,733	2,156
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	1,733	2,156	2,027
Consumer Portfolio Segment [Member] | Acquired Loans [Member]
Beginning Balance
Charge-offs	(1)
Recoveries	3
Provision	(2)
Ending Balance
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment
Other Portfolio Segment [Member]
Beginning Balance
Charge-offs
Recoveries
Provision
Ending Balance
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment
Other Portfolio Segment [Member] | Originated Loans [Member]
Beginning Balance
Charge-offs
Recoveries
Provision
Ending Balance
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment
Other Portfolio Segment [Member] | Acquired Loans [Member]
Beginning Balance
Charge-offs
Recoveries
Provision
Ending Balance
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment
Unallocated Financing Receivables [Member]
Beginning Balance	586	438
Charge-offs
Recoveries
Provision	336	(360)
Ending Balance	922	78
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	922	78	586
Unallocated Financing Receivables [Member] | Originated Loans [Member]
Beginning Balance	555	430
Charge-offs
Recoveries
Provision	256	(394)
Ending Balance	811	36
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	811	36	555
Unallocated Financing Receivables [Member] | Acquired Loans [Member]
Beginning Balance	31	8
Charge-offs
Recoveries
Provision	80	34
Ending Balance	111	42
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	$ 111	$ 42	$ 31

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Note 6 - Loans and Related Allowance for Loan Losses - Accretable Discount on Loans Acquired at Fair Value (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Balance	$ 1,912
Accretable Yield	(60)
Balance	$ 1,852

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Note 6 - Loans and Related Allowance for Loan Losses - Loans Summarized by Individually Evaluated for Impairment and Collectively Evaluated for Potential Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Individually Evaluated for Impairment	$ 7,767	$ 7,881
Collectively Evaluated for Potential Impairment	901,029	904,991
Loans and Leases Receivable, Gross, Total	908,796	912,872
Originated Loans [Member]
Individually Evaluated for Impairment	4,913	4,143
Collectively Evaluated for Potential Impairment	719,640	717,448
Loans and Leases Receivable, Gross, Total	724,553	721,591
Acquired Loans [Member]
Individually Evaluated for Impairment	2,854	3,738
Collectively Evaluated for Potential Impairment	181,389	187,543
Loans and Leases Receivable, Gross, Total	184,243	191,281
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Individually Evaluated for Impairment	506	1,283
Collectively Evaluated for Potential Impairment	325,900	325,486
Loans and Leases Receivable, Gross, Total	326,406	326,769
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Individually Evaluated for Impairment	150	71
Collectively Evaluated for Potential Impairment	239,177	235,421
Loans and Leases Receivable, Gross, Total	239,327	235,492
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Individually Evaluated for Impairment	356	1,212
Collectively Evaluated for Potential Impairment	86,723	90,065
Loans and Leases Receivable, Gross, Total	87,079	91,277
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Individually Evaluated for Impairment	4,882	4,734
Collectively Evaluated for Potential Impairment	298,154	302,330
Loans and Leases Receivable, Gross, Total	303,036	307,064
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Individually Evaluated for Impairment	2,400	2,224
Collectively Evaluated for Potential Impairment	225,103	227,231
Loans and Leases Receivable, Gross, Total	227,503	229,455
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Individually Evaluated for Impairment	2,482	2,510
Collectively Evaluated for Potential Impairment	73,051	75,099
Loans and Leases Receivable, Gross, Total	75,533	77,609
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member]
Individually Evaluated for Impairment	1,994	1,464
Collectively Evaluated for Potential Impairment	81,694	89,999
Loans and Leases Receivable, Gross, Total	83,688	91,463
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member]
Individually Evaluated for Impairment	1,978	1,448
Collectively Evaluated for Potential Impairment	70,939	77,018
Loans and Leases Receivable, Gross, Total	72,917	78,466
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member]
Individually Evaluated for Impairment	16	16
Collectively Evaluated for Potential Impairment	10,755	12,981
Loans and Leases Receivable, Gross, Total	10,771	12,997
Construction Portfolio Segment [Member] | Real Estate Sector [Member]
Individually Evaluated for Impairment	385	400
Collectively Evaluated for Potential Impairment	59,578	48,424
Loans and Leases Receivable, Gross, Total	59,963	48,824
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member]
Individually Evaluated for Impairment	385	400
Collectively Evaluated for Potential Impairment	55,597	46,424
Loans and Leases Receivable, Gross, Total	55,982	46,824
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member]
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	3,981	2,000
Loans and Leases Receivable, Gross, Total	3,981	2,000
Consumer Portfolio Segment [Member]
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	118,769	122,241
Loans and Leases Receivable, Gross, Total	118,769	122,241
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	116,619	119,731
Loans and Leases Receivable, Gross, Total	116,619	119,731
Consumer Portfolio Segment [Member] | Acquired Loans [Member]
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	2,150	2,510
Loans and Leases Receivable, Gross, Total	2,150	2,510
Other Portfolio Segment [Member]
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	16,934	16,511
Loans and Leases Receivable, Gross, Total	16,934	16,511
Other Portfolio Segment [Member] | Originated Loans [Member]
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	12,205	11,623
Loans and Leases Receivable, Gross, Total	12,205	11,623
Other Portfolio Segment [Member] | Acquired Loans [Member]
Individually Evaluated for Impairment
Collectively Evaluated for Potential Impairment	4,729	4,888
Loans and Leases Receivable, Gross, Total	$ 4,729	$ 4,888

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Note 7 - Leases - Operating Leases (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Operating Lease Expense	$ 123
ROU Assets	1,888
Operating Cash Flows	$ 115
Operating Leases (Year)	7 years 186 days
Operating Leases	0.33%

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Note 7 - Leases - Maturity of Operating Lease (Details) $ in Thousands	Mar. 31, 2019 USD ($)
2019	$ 503
2020	420
2021	309
2022	144
2023	66
2024 and thereafter	446
Total	1,888
Less: Present Value Discount	34
Lease Liabilities	$ 1,854

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Note 8 - Deposits (Details Textual) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Time Deposits, at or Above FDIC Insurance Limit	$ 70	$ 68

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Note 8 - Deposits - Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
One Year or Less	$ 88,128
Over One Through Two Years	52,156
Over Two Through Three Years	20,653
Over Three Through Four Years	41,368
Over Four Through Five Years	10,031
Over Five Years	5,844
Total	$ 218,180	$ 214,891

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Note 9 - Short-term Borrowings - Federal Funds Purchased and Short-term Borrowings (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Balance at Period End, Amount	$ 30,689	$ 30,979
Federal Funds Purchased [Member]
Average Balance Outstanding During the Period, Amount		$ 37
Average Balance Outstanding During the Period, Weighted Average Rate		2.70%
Maximum Amount Outstanding at any Month End, Amount		$ 1,500
Other Short-term Debt [Member]
Average Balance Outstanding During the Period, Amount		$ 19,726
Average Balance Outstanding During the Period, Weighted Average Rate		1.86%
Maximum Amount Outstanding at any Month End, Amount		$ 98,960
Balance at Period End, Amount
Securities Sold under Agreements to Repurchase [Member]
Average Balance Outstanding During the Period, Amount	$ 32,204	$ 29,300
Average Balance Outstanding During the Period, Weighted Average Rate	0.58%	0.53%
Maximum Amount Outstanding at any Month End, Amount	$ 34,197	$ 35,661
Balance at Period End, Amount	$ 30,689	$ 30,979
Balance at Period End, Weighted Average Rate	0.55%	0.54%
Carrying Value, Amount	$ 47,691	$ 48,131
Market Value, Amount	$ 47,414	$ 47,083

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Note 10 - Other Borrowed Funds (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	$ 373,500
Variable Rate Line of Credit [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	147,000
Federal Reserve Bank [Member]
Long-term Line of Credit, Total	0	$ 0
Line of Credit Facility, Maximum Borrowing Capacity	107,000
Various Banks [Member]
Long-term Line of Credit, Total	0	$ 0
Line of Credit Facility, Maximum Borrowing Capacity	$ 60,000

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Note 10 - Other Borrowed Funds - Federal Home Loan Bank Advances (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Due in One Year, amount	$ 6	$ 6
Due in One Year, weighted average rate	1.88%	1.78%
Due After One Year to Two Years, amount	$ 5	$ 6
Due After One Year to Two Years, weighted average rate	2.09%	1.97%
Due After Two Years to Three Years, amount	$ 3	$ 5
Due After Two Years to Three Years, weighted average rate	2.23%	2.18%
Due After Three Years to Four Years, amount	$ 3	$ 3
Due After Three Years to Four Years, weighted average rate	2.41%	2.41%
Due After Four Years to Five Years, amount
Due After Four Years to Five Years, weighted average rate
Total, amount	$ 17	$ 20
Weighted Average [Member]
Total, weighted average rate	2.09%	2.03%

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Note 11 - Commitments and Contingent Liabilities - Unused and Available Credit Balances of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financial instruments	$ 208,608	$ 209,025
Financial Standby Letter of Credit [Member]
Financial instruments	38,065	37,559
Performance Guarantee [Member]
Financial instruments	3,309	3,544
Commitments to Extend Credit [Member]
Financial instruments	2,782	2,783
Construction Mortgages [Member]
Financial instruments	47,839	56,691
Personal Line Of Credit [Member]
Financial instruments	6,575	6,186
Overdraft Protection Lines [Member]
Financial instruments	6,315	6,140
Home Equity Lines of Credit [Member]
Financial instruments	21,554	21,520
Commercial Lines Of Credit [Member]
Financial instruments	$ 82,169	$ 74,602

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Note 12 - Fair Value Disclosure (Details Textual)	3 Months Ended
	Mar. 31, 2019 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$ 1,742,000		$ 1,800,000
Impaired Financing Receivable, Related Allowance	983,000		1,012,000
Gains (Losses) on Sales of Other Real Estate	71,000	$ 12,000
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Impaired Financing Receivable, Related Allowance
Gains (Losses) on Sales of Other Real Estate		$ 12,000
Other Real Estate Owned, Number of Properties Sold		1
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | FedFirst Financial Corporation [Member]
Other Real Estate Owned, Number of Properties Acquired	1
Gains (Losses) on Sales of Other Real Estate	$ (3,000)
Real Estate Owned, Transfer to Real Estate Owned	46,000
Commercial Portfolio Segment [Member] | Real Estate Sector [Member]
Impaired Financing Receivable, with Related Allowance, Recorded Investment	694,000		718,000
Impaired Financing Receivable, Related Allowance	199,000		$ 219,000
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | First West Virginia Bancorp [Member]
Other Real Estate, Additions	697,000
Gains (Losses) on Sales of Other Real Estate	$ 33,000

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Note 12 - Fair Value Disclosure - Assets and Liabilities Reported Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale	$ 224,673	$ 225,409
Fair Value, Recurring [Member]
Debt Securities, Available-for-sale	224,673	225,409
US Government Agencies Debt Securities [Member]
Debt Securities, Available-for-sale	81,903	80,579
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale	33,907	44,601
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt Securities, Available-for-sale	106,367	97,771
Equity Securities - Mutual Funds [Member]
Debt Securities, Available-for-sale	980	968
Equity Securities [Member]
Debt Securities, Available-for-sale	1,516	1,490
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-sale	81,903	80,579
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-sale	33,907	44,601
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-sale	106,367	97,771
Fair Value, Inputs, Level 1 [Member] | Equity Securities - Mutual Funds [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-sale	980	968
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-sale	$ 1,516	$ 1,490

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Note 12 - Fair Value Disclosure - Significant Unobservable Inputs Used in the Fair Value Measurements (Details) - Fair Value, Inputs, Level 3 [Member] - Valuation, Market Approach [Member] $ in Thousands		Mar. 31, 2019 USD ($)	Mar. 03, 2019	Dec. 31, 2018	Dec. 31, 2017 USD ($)
Minimum [Member] | Measurement Input, Discount for Lack of Marketability [Member]
Impaired Loans	[1]		0.3	0.1
OREO	[1]		0.5	0.1
Fair Value, Nonrecurring [Member]
Impaired Loans		$ 759			$ 788
OREO					$ 46

[1] Range includes discounts taken since appraisal and estimated values.

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Note 12 - Fair Value Disclosure - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Securities available-for-sale, fair value	$ 224,673	$ 225,409
Reported Value Measurement [Member]
Securities available-for-sale, fair value	224,673	225,409
Estimate of Fair Value Measurement [Member]
Securities available-for-sale, fair value	224,673	225,409
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Interest Bearing	54,245	36,736
Non-Interest Bearing	22,094	16,617
Accrued Interest Receivable	3,674	3,436
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Interest Bearing	54,245	36,736
Non-Interest Bearing	22,094	16,617
Accrued Interest Receivable	3,674	3,436
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Loans, Net	899,384	903,314
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Loans, Net	900,946	899,673
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Restricted Stock	3,854	3,909
Bank-Owned Life Insurance	23,054	22,922
Deposits	1,105,465	1,086,658
Short-term Borrowings	30,689	30,979
Other Borrowed Funds	17,000	20,000
Accrued Interest Payable	770	594
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Restricted Stock	3,854	3,909
Bank-Owned Life Insurance	23,054	22,922
Deposits	1,106,354	1,085,708
Short-term Borrowings	30,689	30,979
Other Borrowed Funds	16,853	19,733
Accrued Interest Payable	$ 770	$ 594

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Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands			3 Months Ended
		Apr. 30, 2018	Mar. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Deferred Tax Assets, Valuation Allowance, Total	[1]		$ 1,311	$ 1,311
AMT Credit [Member]
Deferred Tax Assets, Valuation Allowance, Total			1,300
First West Virginia Bancorp [Member]
Unrecognized Tax Benefits, Increase Resulting from Acquisition		$ 1,300
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax			$ 1,300
State and Local Jurisdiction [Member] | West Virginia State Tax Department [Member]
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent			6.50%

[1] The 100% valuation allowance for AMT tax credit carry-forward acquired in the FWVB merger is due to an unaddressed tax deadline as of March 31, 2019. See below narrative for further explanation.

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Note 13 - Income Taxes - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Allowance for Loan Losses		$ 2,031	$ 2,063
Amortization of Core Deposit Intangible			1
Amortization of Intangibles		74	72
Tax Credit Carryforwards		1,418	2,010
Unrealized Loss of AFS - Merger Tax Adjustment		894	894
Postretirement Benefits		28	30
Net Unrealized Loss on Securities			383
Passthrough Entities		2	2
Stock-Based Compensation Expense		36	28
Accrued Payroll		32	44
OREO		49	121
Purchase Accounting Adjustments - Acquired Loans		396	413
Deferred Compensation			55
Other		84	67
Gross Deferred Tax Assets		5,044	6,183
100% Valuation Allowance - AMT Tax Credit Carryforward (1)	[1]	(1,311)	(1,311)
Deferred Tax Assets net of Valuation Allowance		3,733	4,872
Deferred Origination Fees and Costs		293	292
Depreciation		689	714
Net Unrealized Gain on Securities		251
Mortgage Servicing Rights		207	198
Purchase Accounting Adjustment - Core Deposit Intangible		2,256	2,361
Purchase Accounting Adjustments - Fixed Assets		310	321
Purchase Accounting Adjustments - Certificates of Deposit		135	175
Goodwill		415	412
Gross Deferred Tax Liabilities		4,556	4,473
Net Deferred Tax (Liabilities) Assets		$ (823)
Net Deferred Tax Liabilities			$ 399

[1] The 100% valuation allowance for AMT tax credit carry-forward acquired in the FWVB merger is due to an unaddressed tax deadline as of March 31, 2019. See below narrative for further explanation.

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Note 14 - Other Noninterest Expense - Components of Other Noninterest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Non-employee compensation	$ 140	$ 122
Printing and supplies	97	108
Postage	72	58
Telephone	143	112
Charitable contributions	41	29
Dues and subscriptions	52	66
Loan expenses	82	93
Meals and entertainment	55	34
Travel	35	38
Training	9	13
Miscellaneous	281	192
Total Other Noninterest Expense	$ 1,007	$ 865

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Note 15 - Segment and Related Information (Details Textual)	3 Months Ended
	Mar. 31, 2019
Number of Operating Segments	2

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Note 15 - Segment and Related Information - Reconciliation of Financial Data from Segments to Consolidated (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Assets, Total		$ 1,302,593		$ 1,281,301
Liabilities		1,160,864		1,143,676
Stockholders' equity		141,729	$ 92,418	137,625	$ 93,256
Total interest income		12,296	8,707
Total interest expense		1,862	1,099
Net interest income		10,434	7,608
Provision for Loan and Lease Losses, Total		25	1,500
Net interest income after provision for loan losses		10,409	6,108
TOTAL NONINTEREST INCOME		2,315	2,086
Noninterest expense		9,081	6,667
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total		3,643	1,527
Income Tax Expense (Benefit), Total	[1]	718	167
Net Income (Loss) Attributable to Parent, Total		2,925	1,360
Reportable Legal Entities [Member] | Community Bank [ Member]
Assets, Total		1,301,046		1,278,513
Liabilities		1,162,839		1,144,293
Stockholders' equity		138,207		134,220
Total interest income		12,282	8,696
Total interest expense		1,862	1,099
Net interest income		10,420	7,597
Provision for Loan and Lease Losses, Total		25	1,500
Net interest income after provision for loan losses		10,395	6,097
TOTAL NONINTEREST INCOME		2,307	2,103
Noninterest expense		9,078	6,642
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total		3,624	1,558
Income Tax Expense (Benefit), Total		717	175
Net Income (Loss) Attributable to Parent, Total		2,907	1,383
Reportable Legal Entities [Member] | Exchange Underwriters, Inc [Member]
Assets, Total		3,226		5,155
Liabilities		834		2,445
Stockholders' equity		2,392		2,710
Total interest income
Total interest expense
Net interest income
Provision for Loan and Lease Losses, Total
Net interest income after provision for loan losses
TOTAL NONINTEREST INCOME		1,149	928
Noninterest expense		996	682
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total		153	246
Income Tax Expense (Benefit), Total		35	54
Net Income (Loss) Attributable to Parent, Total		118	192
Reportable Legal Entities [Member] | CB Financial Services, Inc [Member]
Assets, Total		141,311		137,908
Liabilities				282
Liabilities		(418)
Stockholders' equity		141,729		137,626
Total interest income		14	11
Total interest expense
Net interest income		14	11
Provision for Loan and Lease Losses, Total
Net interest income after provision for loan losses		14	11
TOTAL NONINTEREST INCOME		8	(17)
Noninterest expense		3	25
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total		19	(31)
Income Tax Expense (Benefit), Total		1	(8)
Net Income (Loss) Attributable to Parent, Total		18	(23)
Consolidation, Eliminations [Member]
Assets, Total		(142,990)		(140,275)
Liabilities		(2,391)		(3,344)
Stockholders' equity		(140,599)		$ (136,931)
Total interest income
Total interest expense
Net interest income
Provision for Loan and Lease Losses, Total
Net interest income after provision for loan losses
TOTAL NONINTEREST INCOME		(1,149)	(928)
Noninterest expense		(996)	(682)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total		(153)	(246)
Income Tax Expense (Benefit), Total		(35)	(54)
Net Income (Loss) Attributable to Parent, Total		$ (118)	$ (192)

[1] The gross amount of losses on securities of $60 for the Three Months Ended March 31, 2019 are reported as Net Loss on Sales of Investments on the Consolidated Statement of Income. The income benefit effect is included in Income Taxes on the Consolidated Statement of Income.