XML 23 R42.htm IDEA: XBRL DOCUMENT v3.2.0.727
Note 3 - Loans/Leases Receivable (Details) - Allowance for Estimated Losses on Loans/Leases - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]          
Balance, beginning $ 23,883,274 $ 22,653,270 $ 23,074,365 $ 21,448,048  
Balance, ending 26,146,000 23,067,024 26,146,000 23,067,024  
Allowance for impaired loans/leases     5,215,532   $ 5,244,673
Allowance for nonimpaired loans/leases     20,930,468   17,829,692
Allowance for estimated losses on loans/leases 26,146,000 22,653,270 26,146,000 23,067,024 23,074,365
Impaired loans/leases     14,030,989   19,006,641
Nonimpaired loans/leases     1,694,149,001   1,604,332,309
Loans/leases     $ 1,708,179,990   $ 1,623,338,950
Allowance as a percentage of impaired loans/leases     37.17%   27.59%
Allowance as a percentage of nonimpaired loans/leases     1.24%   1.11%
Total allowance as a percentage of total loans/leaess     1.52%   1.42%
Provisions (credits) charged to expense 2,348,665 1,001,879 $ 4,059,121 2,096,041  
Loans/leases charged off (535,690) (675,977) (1,643,353) (755,298)  
Recoveries on loans/leases previously charged off 449,751 87,852 655,867 278,233  
Commercial Portfolio Segment [Member]          
Financing Receivable, Allowance for Credit Losses [Line Items]          
Balance, beginning 9,093,650 6,647,658 8,750,317 5,648,774  
Balance, ending 10,020,866 6,549,378 10,020,866 6,549,378  
Allowance for impaired loans/leases     2,720,597   $ 3,300,199
Allowance for nonimpaired loans/leases     7,300,269   5,450,118
Allowance for estimated losses on loans/leases 9,093,650 6,647,658 10,020,866 6,549,378 8,750,317
Impaired loans/leases     5,165,042   7,279,709
Nonimpaired loans/leases     601,660,751   516,647,431
Loans/leases     $ 606,825,793   $ 523,927,140
Allowance as a percentage of impaired loans/leases     52.67%   45.33%
Allowance as a percentage of nonimpaired loans/leases     1.21%   1.05%
Total allowance as a percentage of total loans/leaess     1.65%   1.67%
Provisions (credits) charged to expense 604,731 101,718 $ 993,372 1,078,508  
Loans/leases charged off (45,337) (222,057) (245,638) (226,080)  
Recoveries on loans/leases previously charged off 367,822 22,059 522,815 48,176  
Commercial Real Estate Portfolio Segment [Member]          
Financing Receivable, Allowance for Credit Losses [Line Items]          
Balance, beginning 8,838,204 10,587,657 8,353,386 10,705,434  
Balance, ending 9,929,656 10,277,692 9,929,656 10,277,692  
Allowance for impaired loans/leases     1,688,756   $ 1,170,020
Allowance for nonimpaired loans/leases     8,240,900   7,183,366
Allowance for estimated losses on loans/leases 8,838,204 10,587,657 9,929,656 10,277,692 8,353,386
Impaired loans/leases     4,593,306   7,433,383
Nonimpaired loans/leases     691,529,073   694,707,039
Loans/leases     $ 696,122,379   $ 702,140,422
Allowance as a percentage of impaired loans/leases     36.77%   15.74%
Allowance as a percentage of nonimpaired loans/leases     1.19%   1.03%
Total allowance as a percentage of total loans/leaess     1.43%   1.19%
Provisions (credits) charged to expense 1,081,753 (33,506) $ 1,917,647 (263,491)  
Loans/leases charged off   (311,453) (351,076) (315,551)  
Recoveries on loans/leases previously charged off 9,699 34,994 9,699 151,300  
Finance Leases Portfolio Segment [Member]          
Financing Receivable, Allowance for Credit Losses [Line Items]          
Balance, beginning 3,310,973 2,820,239 3,442,915 [1] 2,517,217  
Balance, ending 3,352,303 [1] 3,319,131 3,352,303 [1] 3,319,131  
Allowance for impaired loans/leases     297,033   $ 356,996
Allowance for nonimpaired loans/leases     3,055,270   3,085,919
Allowance for estimated losses on loans/leases 3,352,303 [1] 2,820,239 3,352,303 [1] 3,319,131 3,442,915 [1]
Impaired loans/leases     1,150,993   1,339,272
Nonimpaired loans/leases     169,647,689   164,693,144
Loans/leases [1],[2]     $ 170,798,682   $ 166,032,416
Allowance as a percentage of impaired loans/leases     25.81%   26.66%
Allowance as a percentage of nonimpaired loans/leases     1.80%   1.87%
Total allowance as a percentage of total loans/leaess     1.96%   2.07%
Provisions (credits) charged to expense 473,982 566,374 $ 877,434 919,021  
Loans/leases charged off (465,098) (78,755) (1,012,590) (144,488)  
Recoveries on loans/leases previously charged off 32,446 11,273 44,544 27,381  
Residential Portfolio Segment [Member]          
Financing Receivable, Allowance for Credit Losses [Line Items]          
Balance, beginning 1,597,754 1,388,885 1,525,952 1,395,849  
Balance, ending 1,720,135 1,439,185 1,720,135 1,439,185  
Allowance for impaired loans/leases     208,069   $ 151,663
Allowance for nonimpaired loans/leases     1,512,066   1,374,289
Allowance for estimated losses on loans/leases 1,597,754 1,388,885 1,720,135 1,439,185 1,525,952
Impaired loans/leases     1,830,741   1,788,729
Nonimpaired loans/leases     160,154,508   156,843,763
Loans/leases [2],[3]     $ 161,985,249   $ 158,632,492
Allowance as a percentage of impaired loans/leases     11.37%   8.48%
Allowance as a percentage of nonimpaired loans/leases     0.94%   0.88%
Total allowance as a percentage of total loans/leaess     1.06%   0.96%
Provisions (credits) charged to expense 122,381 101,030 $ 194,183 96,675  
Loans/leases charged off   (50,730)   (53,442)  
Recoveries on loans/leases previously charged off       103  
Consumer Portfolio Segment [Member]          
Financing Receivable, Allowance for Credit Losses [Line Items]          
Balance, beginning 1,042,693 1,208,831 1,001,795 1,180,774  
Balance, ending 1,123,040 1,481,638 1,123,040 1,481,638  
Allowance for impaired loans/leases     301,077   $ 265,795
Allowance for nonimpaired loans/leases     821,963   736,000
Allowance for estimated losses on loans/leases 1,042,693 1,208,831 1,123,040 1,481,638 1,001,795
Impaired loans/leases     1,290,907   1,165,548
Nonimpaired loans/leases     71,156,980   71,440,932
Loans/leases [2]     $ 72,447,887   $ 72,606,480
Allowance as a percentage of impaired loans/leases     23.32%   22.80%
Allowance as a percentage of nonimpaired loans/leases     1.16%   1.03%
Total allowance as a percentage of total loans/leaess     1.55%   1.38%
Provisions (credits) charged to expense 65,818 266,263 $ 76,485 265,328  
Loans/leases charged off (25,255) (12,982) (34,049) (15,737)  
Recoveries on loans/leases previously charged off $ 39,784 $ 19,526 $ 78,809 $ 51,273  
[1] Management performs an evaluation of the estimated unguaranteed residual values of leased assets on an annual basis, at a minimum. The evaluation consists of discussions with reputable and current vendors and management's expertise and understanding of the current states of particular industries to determine informal valuations of the equipment. As necessary and where available, management will utilize valuations by independent appraisers. The large majority of leases with residual values contain a lease options rider which requires the lessee to pay the residual value directly, finance the payment of the residual value, or extend the lease term to pay the residual value. In these cases, the residual value is protected and the risk of loss is minimal. There were no losses related to residual values for the three or six months ended June 30, 2015 and 2014.
[2] Performing = loans/leases accruing and less than 90 days past due. Nonperforming = loans/leases on nonaccrual, accruing loans/leases that are greater than or equal to 90 days past due, and accruing TDRs.
[3] Includes residential real estate loans held for sale totaling $1,548,200 and $553,000 as of June 30, 2015, and December 31, 2014, respectively.