XML 31 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3
Note 4 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans (Tables)
 3 Months Ended
Mar. 31, 2016
Notes Tables  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
 
 
A
ctivity in the Allowance for Loan Losses for the Three Months Ended March 31, 2016
 
 
 
Real Estate Construction
 
 
Consumer
Real Estate
 
 
Commercial
Real Estate
 
 
Commercial
Non Real
Estate
 
 
Public
Sector and
IDA
 
 
Consumer Non Real Estate
 
 
Unallocated
 
 
Total
 
Balance, December 31, 2015
 
$
576
 
 
$
1,866
 
 
$
4,109
 
 
$
655
 
 
$
436
 
 
$
627
 
 
$
28
 
 
$
8,297
 
Charge-offs
 
 
(29
)
 
 
(22
)
 
 
(124
)
 
 
(211
)
 
 
---
 
 
 
(67
)
 
 
---
 
 
 
(453
)
Recoveries
 
 
---
 
 
 
1
 
 
 
38
 
 
 
---
 
 
 
---
 
 
 
21
 
 
 
---
 
 
 
60
 
Provision for loan losses
 
 
(93
)
 
 
(115
)
 
 
(74
)
 
 
308
 
 
 
(25
)
 
 
3
 
 
 
199
 
 
 
203
 
Balance,
March 31, 2016
 
$
454
 
 
$
1,730
 
 
$
3,949
 
 
$
752
 
 
$
411
 
 
$
584
 
 
$
227
 
 
$
8,107
 
 
 
A
ctivity in the Allowance for Loan Losses for the Three Months Ended March 31, 2015
 
 
 
Real Estate Construction
 
 
Consumer
 
Real Estate
 
 
Commercial Real Estate
 
 
Commercial
Non Real Estate
 
 
Public Sector and IDA
 
 
Consumer
Non Real Estate
 
 
Unallocated
 
 
Total
 
Balance, December 31, 2014   $ 612     $ 1,662     $ 3,537     $ 1,475     $ 327     $ 602     $ 48     $ 8,263  
Charge-offs
     ---       (72
)
     (100
)
     ---       ---       (88
)
     ---       (260
)
Recoveries
     ---       ---       12       ---       ---       41       ---       53  
Provision for loan losses
     (145
)
     30       262       (59
)
     106       21       (14
)
     201  
Balance,
March 31, 2015
   $ 467     $ 1,620     $ 3,711     $ 1,416     $ 433     $ 576     $ 34     $ 8,257  
 
 
Activity in th
e Allowance for Loan Losses for the year
ended
December 31
, 201
5
 
 
 
Real Estate Construction
 
 
Consumer Real Estate
 
 
Commercial Real Estate
 
 
Commercial Non Real Estate
 
 
Public Sector and IDA
 
 
Consumer Non Real Estate
 
 
Unallocated
 
 
Total
 
Balance, December 31, 2014
   $ 612     $ 1,662     $ 3,537     $ 1,475     $ 327     $ 602     $ 48     $ 8,263  
Charge-offs
     ---       (205
)
     (1,114
)
     (490
)
     ---       (311
)
     ---       (2,120
)
Recoveries
     ---       2       49       1       ---       93       ---       145  
Provision for loan losses
     (36
)
     407       1,637       (331
)
     109       243       (20
)
     2,009  
Balance,
December 31, 2015
   $ 576     $ 1,866     $ 4,109     $ 655     $ 436     $ 627     $ 28     $ 8,297  
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]
 
 
Allowance for Loan Losses as of March 31, 2016
 
 
 
Real Estate Construction
 
 
Consumer Real Estate
 
 
Commercial Real Estate
 
 
Commercial Non Real Estate
 
 
Public Sector and IDA
 
 
Consumer Non Real Estate
 
 
Unallocated
 
 
Total
 
Individually evaluated for impairment
 
$
---
 
 
$
22
 
 
$
58
 
 
$
---
 
 
$
---
 
 
$
---
 
 
$
---
 
 
$
80
 
Collectively evaluated for impairment
 
 
454
 
 
 
1,708
 
 
 
3,891
 
 
 
752
 
 
 
411
 
 
 
584
 
 
 
227
 
 
 
8,027
 
Total
 
$
454
 
 
$
1,730
 
 
$
3,949
 
 
$
752
 
 
$
411
 
 
$
584
 
 
$
227
 
 
$
8,107
 
 
 
Allowance for Loan Losses as of December 31, 2015
 
 
 
Real Estate Construction
 
 
Consumer Real Estate
 
 
Commercial Real Estate
 
 
Commercial Non Real Estate
 
 
Public Sector and IDA
 
 
Consumer Non Real Estate
 
 
Unallocated
 
 
Total
 
Individually evaluated for impairment   $ ---     $ 22     $ 23     $ ---     $ ---     $ ---     $ ---     $ 45  
Collectively evaluated for impairment
     576       1,844       4,086       655       436       627       28       8,252  
Total
   $ 576     $ 1,866     $ 4,109     $ 655     $ 436     $ 627     $ 28     $ 8,297  
 
 
Loans as of March 31, 2016
 
 
 
Real Estate Construction
 
 
Consumer Real Estate
 
 
Commercial Real Estate
 
 
Commercial Non Real Estate
 
 
Public Sector and IDA
 
 
Consumer Non Real Estate
 
 
Unallocated
 
 
Total
 
Individually evaluated for impairment
 
$
682
 
 
$
953
 
 
$
11,537
 
 
$
817
 
 
$
---
 
 
$
---
 
 
$
---
 
 
$
13,989
 
Collectively evaluated for impairment
 
 
38,511
 
 
 
143,315
 
 
 
299,100
 
 
 
32,865
 
 
 
50,777
 
 
 
29,933
 
 
 
---
 
 
 
594,501
 
Total loans
 
$
39,193
 
 
$
144,268
 
 
$
310,637
 
 
$
33,682
 
 
$
50,777
 
 
$
29,933
 
 
$
---
 
 
$
608,490
 
 
 
Loans as of December 31, 2015
 
 
 
Real Estate Construction
 
 
Consumer Real Estate
 
 
Commercial Real Estate
 
 
Commercial Non Real Estate
 
 
Public Sector and IDA
 
 
Consumer Non Real Estate
 
 
Unallocated
 
 
Total
 
Individually evaluated for impairment   $ 718     $ 962     $ 12,575     $ 1,091     $ ---     $ ---     $ ---     $ 15,346  
Collectively evaluated for impairment
     47,533       142,542       296,803       36,480       51,335       29,845       ---       604,538  
Total
   $ 48,251     $ 143,504     $ 309,378     $ 37,571     $ 51,335     $ 29,845     $ ---     $ 619,884  
Schedule of Ratios for Allowance for Loan Losses [Table Text Block]
 
 
As of the
Three Months Ended
March 31,
 
 
For the
Year
E
nded
December 31,
 
 
 
2016
 
 
2015
 
 
2015
 
Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees
 
 
1.33
%
     1.33
%
     1.34
%
Ratio of net charge-offs to average loans, net of unearned income and deferred fees
(1)
 
 
0.26
%
     0.14
%
     0.32
%
Schedule of Nonperforming Assets [Table Text Block]
 
 
March 31,
 
 
December 31,
 
 
 
2016
 
 
2015
 
 
2015
 
Nonperforming assets:
                        
Nonaccrual loans
 
$
1,901
 
   $ 3,102     $ 2,043  
Restructured loans in nonaccrual
 
 
4,504
 
     6,123       4,639  
Total nonperforming loans
 
 
6,405
 
     9,225       6,682  
Other real estate owned, net
 
 
3,612
 
     4,573       4,165  
Total nonperforming assets
 
$
10,017
 
   $ 13,798     $ 10,847  
Ratio of nonperforming assets to loans, net of unearned income and deferred fees, plus other real estate owned
 
 
1.64
%
     2.20
%
     1.74
%
Ratio of allowance for loan losses to nonperforming loans
(
1
)
 
 
126.57
%
     89.51
%
     124.17
%
Summary of Past Due 90 Days Loans or More and Impaired Loans [Table Text Block]
 
 
March 31,
 
 
December 31,
 
 
 
2016
 
 
2015
 
 
2015
 
Loans past due 90 days or more and still accruing
 
$
328
 
   $ 272     $ 156  
Ratio of loans past due 90 days or more and still accruing to loans, net of unearned income and deferred fees
 
 
0.05
%
     0.04
%
     0.03
%
Accruing restructured loans
 
$
7,724
 
   $ 5,992     $ 8,814  
Impaired loans:
                        
Impaired loans with no valuation allowance
 
$
12,171
 
   $ 11,265     $ 12,973  
Impaired loans with a valuation allowance
 
 
1,818
 
     3,729       2,373  
Total impaired loans
 
$
13,989
 
   $ 14,994     $ 15,346  
Valuation allowance
 
 
(80
)
     (236
)
     (45
)
Impaired loans, net of allowance
 
$
13,909
 
   $ 14,758     $ 15,301  
Average recorded investment in impaired loans
(1)
 
$
14,796
 
   $ 15,192     $ 17,297  
Interest income recognized on impaired loans, after designation as impaired
 
$
125
 
   $ 174     $ 769  
Amount of income recognized on a cash basis
 
$
---
 
   $ ---     $ ---  
Impaired Financing Receivables [Table Text Block]
 
 
Impaired Loans as of March 31, 2016
 
 
 
Principal
Balance
 
 
Total
Recorded
Investment
(1)
 
 
Recorded
Investment
(1
)
for
Which There is No Related Allowance
 
 
Recorded
Investment
(1)
for
Which There is a
Related Allowance
 
 
Related
Allowance
 
Real Estate Construction
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction 1-4 family residential
 
$
689
 
 
$
682
 
 
$
682
 
 
$
---
 
 
$
---
 
Co
nsumer
Real Estate
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential closed-end first liens
 
 
708
 
 
 
664
 
 
 
303
 
 
 
361
 
 
 
13
 
Residential closed-end junior liens
 
 
214
 
 
 
214
 
     ---  
 
 
214
 
 
 
5
 
Investor-owned residential real estate
 
 
75
 
 
 
75
 
     ---  
 
 
75
 
 
 
4
 
Commercial Real Estate
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multifamily real estate
 
 
1,867
 
 
 
1,594
 
 
 
1,594
 
 
 
---
 
 
 
---
 
Commercial real estate, owner-occupied
 
 
4,213
 
 
 
4,165
 
 
 
2,997
 
 
 
1,168
 
 
 
58
 
Commercial real estate, other
 
 
5,966
 
 
 
5,778
 
 
 
5,778
 
 
 
---
 
 
 
---
 
Commercial Non Real Estate
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
 
824
 
 
 
817
 
 
 
817
 
 
 
---
 
 
 
---
 
Total
 
$
14,556
 
 
$
13,989
 
 
$
12,171
 
 
$
1,818
 
 
$
80
 
 
 
Impaired Loans as of December 31, 2015
 
 
 
Principal
Balance
 
 
Total
Recorded
Investment
(1)
 
 
Recorded
Investment
(1)
for
Which There is No Related Allowance
 
 
Recorded
Investment
(1)
for
Which There is a
Related Allowance
 
 
Related
Allowance
 
Real Estate Construction
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction 1-4 family residential
  $ 718     $ 718     $ 718     $ ---     $ ---  
Co
nsumer
Real Estate
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential closed-end first liens
     713       669       305       364       13  
Residential closed-end junior liens
     218       218       ---       218       5  
Investor-owned residential real estate
     75       75       ---       75       4  
Commercial Real Estate
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multifamily real estate
     1,988       1,728       1,728       ---       ---  
Commercial real estate, owner occupied
     5,068       5,020       3,304       1,716       23  
Commercial real estate, other
     5,990       5,827       5,827       ---       ---  
Commercial Non Real Estate
(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
     1,099       1,091       1,091       ---       ---  
Total
   $ 15,869     $ 15,346     $ 12,973     $ 2,373     $ 45  
Impaired Financing Receivable Average Investment And Interest Income [Table Text Block]
 
 
For the Three Months Ended
March 31, 2016
 
 
 
Average
Recorded
Investment
(1)
 
 
Interest
Income
Recognized
 
Real Estate Construction
(2)
 
 
 
 
 
 
 
 
Construction 1-4 family residential
 
$
682
 
 
$
---
 
Co
nsumer
Real Estate
(2)
 
 
 
 
 
 
 
 
Residential closed-end first liens
 
 
667
 
 
 
10
 
Residential closed-end junior liens
 
 
216
 
 
 
4
 
Investor-owned residential real estate
 
 
75
 
 
 
1
 
Commercial Real Estate
(2)
 
 
 
 
 
 
 
 
Multifamily real estate
 
 
1,595
 
     ---  
Commercial real estate, owner occupied
 
 
4,949
 
 
 
68
 
Commercial real estate, other
 
 
5,793
 
 
 
42
 
Commercial
Non Real Estate
(2)
 
 
 
 
 
 
 
 
Commercial and Industrial
 
 
819
 
 
 
---
 
Total
 
$
14,796
 
 
$
125
 
 
 
For the Three Months Ended
March 31, 2015
 
 
 
Average
Recorded
Investment
(1)
 
 
Interest
Income
Recognized
 
Co
nsumer
Real Estate
(2)
 
 
 
 
 
 
 
 
Residential closed-end first liens
   $ 501     $ 7  
Residential closed-end junior liens
     236       4  
Investor-owned residential real estate
     76       1  
Commercial Real Estate
(2)
 
 
 
 
 
 
 
 
Multifamily real estate
     2,708       25  
Commercial real estate, owner occupied
     4,974       58  
Commercial real estate, other
     6,023       80  
Commercial
Non Real Estate
(2)
 
 
 
 
 
 
 
 
Commercial and Industrial
     674       (1
)
Total
   $ 15,192     $ 174  
 
 
For the Year Ended
December 31, 2015
 
 
 
Average
Recorded
Investment
(1)
 
 
Interest
Income
Recognized
 
Real Estate Construction
(2)
 
 
 
 
 
 
 
 
Construction 1-4 family residential
   $ 612     $ 23  
Consumer
Real Estate
(2)
 
 
 
 
 
 
 
 
Residential closed-end first liens
     681       43  
Residential closed-end junior liens
     228       15  
Investor-owned residential real estate
     76       5  
Commercial Real Estate
(2)
 
 
 
 
 
 
 
 
Multifamily real estate
     2,581       84  
Commercial real estate, owner occupied
     6,141       251  
Commercial real estate, other
     5,888       308  
Commercial
Non Real Estate
(2)
 
 
 
 
 
 
 
 
Commercial and Industrial
     1,090       40  
Total
   $ 17,297     $ 769  
Past Due Financing Receivables [Table Text Block]
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30 – 89
Days Past
Due
 
 
90 or
M
ore
Days Past Due
 
 
90 or More
Days Past Due
and Still
Accruing
 
 
Nonaccruals
(Including
Impaired
Nonaccruals)
 
Real Estate
Construction
(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction residential
 
$
---
 
 
$
---
 
 
$
---
 
 
$
683
 
Consumer Real Estate
(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity lines
 
 
9
 
 
 
48
 
 
 
48
 
 
 
---
 
Residential closed-end first liens
 
 
1,049
 
 
 
239
 
 
 
239
 
 
 
---
 
Residential closed-end junior liens
 
 
290
 
 
 
38
 
 
 
38
 
 
 
 
 
Investor-owned residential real estate
 
 
319
 
 
 
---
 
 
 
---
 
 
 
11
 
Commercial Real Estate
(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multifamily real estate
 
 
676
 
 
 
1,594
 
 
 
---
 
 
 
1,594
 
Commercial real estate, owner-occupied
 
 
---
 
 
 
357
 
 
 
---
 
 
 
485
 
Commercial real estate, other
 
 
---
 
 
 
---
 
 
 
---
 
 
 
2,820
 
Commercial
Non Real Estate
(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
 
22
 
 
 
812
 
 
 
---
 
 
 
812
 
Consumer Non Real Estate
(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit cards
 
 
1
 
 
 
2
 
 
 
2
 
 
 
---
 
Automobile
 
 
195
 
 
 
---
 
 
 
---
 
 
 
---
 
Other consumer loans
 
 
21
 
 
 
2
 
 
 
1
 
 
 
---
 
Total
 
$
2,582
 
 
$
3,092
 
 
$
328
 
 
$
6,405
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
30 – 89
Days Past
Due
 
 
90 or
M
ore
Days Past Due
 
 
90 or More
Days Past Due
and Still
Accruing
 
 
Nonaccruals
(Including
Impaired
Nonaccruals)
 
Real Estate
Construction
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction, residential
   $ ---     $ ---     $ ---     $ 718  
Construction, other
     26       ---       ---       ---  
Consumer Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity lines
     16       ---       ---       ---  
Residential closed-end first liens
     1,402       106       106       14  
Residential closed-end junior liens
     123       39       39       ---  
Investor-owned residential real estate
     248       ---       ---       ---  
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multifamily real estate
     684       1,728       ---       1,728  
Commercial real estate, owner occupied
     ---       357       ---       494  
Commercial real estate, other
     ---       ---       ---       2,845  
Commercial
Non Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
     142       883       ---       883  
Public Sector and IDA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Public sector and IDA
     ---       ---       ---       ---  
Consumer Non Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit cards
     5       6       6       ---  
Automobile
     286       5       5       ---  
Other consumer loans
     60       ---       ---       ---  
Total
   $ 2,992     $ 3,124     $ 156     $ 6,682  
Financing Receivable Credit Quality Indicators [Table Text Block]
March 31, 2016
                  
 
 
Pass
 
 
Special
Mention (Excluding
Impaired)
 
 
Classified (Excluding Impaired)
 
Real Estate
Construction
 
 
 
 
 
 
 
 
 
 
 
 
Construction, 1-4 family residential
 
$
11,709
 
 
$
3,694
 
 
$
---
 
Construction, other
 
 
23,108
 
 
 
---
 
 
 
---
 
Consumer
Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Equity lines
 
 
16,468
 
 
 
33
 
 
 
95
 
Closed-end first liens
 
 
76,645
 
 
 
728
 
 
 
1,729
 
Closed-end junior liens
 
 
5,041
 
 
 
23
 
 
 
130
 
Investor-owned residential real estate
 
 
41,635
 
 
 
30
 
 
 
758
 
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Multifamily residential real estate
 
 
81,296
 
 
 
---
 
 
 
1,791
 
Commercial real estate owner-occupied
 
 
119,319
 
 
 
1,163
 
 
 
1,227
 
Commercial real estate, other
 
 
94,247
 
 
 
57
 
 
 
---
 
Commercial
Non Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
 
32,400
 
 
 
234
 
 
 
231
 
Public Sector and IDA
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
 
 
50,777
 
 
 
---
 
 
 
---
 
Consumer Non Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Credit cards
 
 
5,808
 
 
 
---
 
 
 
---
 
Automobile
 
 
12,509
 
 
 
75
 
 
 
188
 
Other consumer
 
 
11,241
 
 
 
82
 
 
 
30
 
Total
 
$
582,203
 
 
$
6,119
 
 
$
6,179
 
December 31, 201
5
                  
 
 
Pass
 
 
Special
Mention
(Excluding Impaired)
 
 
Classified (Excluding Impaired)
 
Real Estate
Construction
 
 
 
 
 
 
 
 
 
 
 
 
Construction, 1-4 family residential
   $ 10,626     $ 3,694  
 
$
---
 
Construction, other
     33,213       ---  
 
 
---
 
Consumer
Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Equity lines
     16,236       15       87  
Closed-end first liens
     78,614       708       1,370  
Closed-end junior liens
     4,983       55       61  
Investor-owned residential real estate
     39,616       31       766  
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Multifamily residential real estate
     77,060       ---       1,804  
Commercial real estate owner-occupied
     121,741       1,165       1,274  
Commercial real estate, other
     93,701       58       ---  
Commercial
Non Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
     35,652       285       543  
Public Sector and IDA
 
 
 
 
 
 
 
 
 
 
 
 
States and political subdivisions
     51,335       ---       ---  
Consumer Non Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
Credit cards
     5,773       ---       ---  
Automobile
     12,414       102       138  
Other consumer
     11,359       31       28  
Total
   $ 592,323     $ 6,144     $ 6,071  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
 
 
Restructurings That Occurred During the Three Months
Ended
March 31, 2015
 
 
 
Number of
Contracts
 
 
Pre-Modification
Outstanding
Principal Balance
 
 
Post-Modification Outstanding
Principal Balance
 
Commercial R
eal
E
state
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate, owner occupied
     1       994       907  
Total
     1     $ 994     $ 907