XML 37 R40.htm IDEA: XBRL DOCUMENT v3.3.0.814
Note 3 - Loans/Leases Receivable (Details) - Allowance for Estimated Losses on Loans/Leases - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]            
Balance, beginning $ 26,146,000 $ 23,067,024 $ 23,074,365 $ 21,448,048    
Balance, ending 25,534,344 22,767,917 25,534,344 22,767,917    
Allowance for impaired loans/leases         $ 3,552,130 $ 5,244,673
Allowance for nonimpaired loans/leases         21,982,214 17,829,692
Allowance for estimated losses on loans/leases 25,534,344 23,067,024 25,534,344 22,767,917 25,534,344 23,074,365
Impaired loans/leases         11,626,010 19,006,641
Nonimpaired loans/leases         1,736,569,567 1,604,332,309
Loans/leases         $ 1,748,195,577 $ 1,623,338,950
Allowance as a percentage of impaired loans/leases         30.55% 27.59%
Allowance as a percentage of nonimpaired loans/leases         1.27% 1.11%
Total allowance as a percentage of total loans/leaess         1.45% 1.42%
Provisions (credits) charged to expense 1,635,263 1,063,323 5,694,384 3,159,364    
Loans/leases charged off (2,475,823) (1,731,502) (4,119,176) (2,486,800)    
Recoveries on loans/leases previously charged off 228,904 369,072 884,771 647,305    
Commercial Portfolio Segment [Member]            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Balance, beginning 10,020,866 6,549,378 8,750,317 5,648,774    
Balance, ending 10,532,168 6,914,058 10,532,168 6,914,058    
Allowance for impaired loans/leases         $ 2,649,170 $ 3,300,199
Allowance for nonimpaired loans/leases         7,882,998 5,450,118
Allowance for estimated losses on loans/leases 10,020,866 6,549,378 10,532,168 6,914,058 10,532,168 8,750,317
Impaired loans/leases         5,036,852 7,279,709
Nonimpaired loans/leases         642,361,714 516,647,431
Loans/leases         $ 647,398,566 $ 523,927,140
Allowance as a percentage of impaired loans/leases         52.60% 45.33%
Allowance as a percentage of nonimpaired loans/leases         1.23% 1.05%
Total allowance as a percentage of total loans/leaess         1.63% 1.67%
Provisions (credits) charged to expense 520,058 851,542 1,513,430 1,930,050    
Loans/leases charged off (145,665) (741,127) (391,303) (967,207)    
Recoveries on loans/leases previously charged off 136,909 254,265 659,724 302,441    
Commercial Real Estate Portfolio Segment [Member]            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Balance, beginning 9,929,656 10,277,692 8,353,386 10,705,434    
Balance, ending 8,708,715 10,028,668 8,708,715 10,028,668    
Allowance for impaired loans/leases         $ 154,086 $ 1,170,020
Allowance for nonimpaired loans/leases         8,554,629 7,183,366
Allowance for estimated losses on loans/leases 9,929,656 10,277,692 8,708,715 10,028,668 8,708,715 8,353,386
Impaired loans/leases         2,739,644 7,433,383
Nonimpaired loans/leases         689,829,490 694,707,039
Loans/leases         $ 692,569,134 $ 702,140,422
Allowance as a percentage of impaired loans/leases         5.62% 15.74%
Allowance as a percentage of nonimpaired loans/leases         1.24% 1.03%
Total allowance as a percentage of total loans/leaess         1.26% 1.19%
Provisions (credits) charged to expense 573,119 (196,865) 2,490,766 (460,356)    
Loans/leases charged off (1,813,973) (120,505) (2,165,049) (436,056)    
Recoveries on loans/leases previously charged off 19,913 68,346 29,612 219,646    
Finance Leases Portfolio Segment [Member]            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Balance, beginning 3,352,303 3,319,131 3,442,915 [1] 2,517,217    
Balance, ending 3,248,633 [1] 3,106,887 3,248,633 [1] 3,106,887    
Allowance for impaired loans/leases         $ 153,333 $ 356,996
Allowance for nonimpaired loans/leases         3,095,300 3,085,919
Allowance for estimated losses on loans/leases 3,248,633 [1] 3,319,131 3,248,633 [1] 3,106,887 3,248,633 [1] 3,442,915 [1]
Impaired loans/leases         1,095,486 1,339,272
Nonimpaired loans/leases         172,208,737 164,693,144
Loans/leases [1],[2]         $ 173,304,223 $ 166,032,416
Allowance as a percentage of impaired loans/leases         14.00% 26.66%
Allowance as a percentage of nonimpaired loans/leases         1.80% 1.87%
Total allowance as a percentage of total loans/leaess         1.87% 2.07%
Provisions (credits) charged to expense 361,071 509,657 1,238,505 1,428,678    
Loans/leases charged off (483,420) (741,478) (1,496,010) (885,966)    
Recoveries on loans/leases previously charged off 18,679 19,577 63,223 46,958    
Residential Portfolio Segment [Member]            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Balance, beginning 1,720,135 1,439,185 1,525,952 1,395,849    
Balance, ending 1,829,056 1,353,070 1,829,056 1,353,070    
Allowance for impaired loans/leases         $ 250,084 $ 151,663
Allowance for nonimpaired loans/leases         1,578,972 1,374,289
Allowance for estimated losses on loans/leases 1,720,135 1,439,185 1,829,056 1,353,070 1,829,056 1,525,952
Impaired loans/leases         1,940,250 1,788,729
Nonimpaired loans/leases         163,120,413 156,843,763
Loans/leases [2],[3]         $ 165,060,663 $ 158,632,492
Allowance as a percentage of impaired loans/leases         12.89% 8.48%
Allowance as a percentage of nonimpaired loans/leases         0.97% 0.88%
Total allowance as a percentage of total loans/leaess         1.11% 0.96%
Provisions (credits) charged to expense 130,742 (53,963) 324,925 42,712    
Loans/leases charged off (25,928) (42,022) (25,928) (95,464)    
Recoveries on loans/leases previously charged off 4,107 9,870 4,107 9,973    
Consumer Portfolio Segment [Member]            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Balance, beginning 1,123,040 1,481,638 1,001,795 1,180,774    
Balance, ending 1,215,772 1,365,234 1,215,772 1,365,234    
Allowance for impaired loans/leases         $ 345,457 $ 265,795
Allowance for nonimpaired loans/leases         870,315 736,000
Allowance for estimated losses on loans/leases 1,123,040 1,481,638 1,215,772 1,365,234 1,215,772 1,001,795
Impaired loans/leases         813,778 1,165,548
Nonimpaired loans/leases         69,049,213 71,440,932
Loans/leases [2]         $ 69,862,991 $ 72,606,480
Allowance as a percentage of impaired loans/leases         42.45% 22.80%
Allowance as a percentage of nonimpaired loans/leases         1.26% 1.03%
Total allowance as a percentage of total loans/leaess         1.74% 1.38%
Provisions (credits) charged to expense 50,273 (47,048) 126,758 218,280    
Loans/leases charged off (6,837) (86,370) (40,886) (102,107)    
Recoveries on loans/leases previously charged off $ 49,296 $ 17,014 $ 128,105 $ 68,287    
[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, which is combined with 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 nine months ended September 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 $533,225 and $553,000 as of September 30, 2015, and December 31, 2014, respectively.