Note 5 - Loans Receivable and Related Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

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

(Dollar amounts in thousands)	September 30,		December 31,
	2018		2017
Mortgage loans on real estate:
Residential first mortgages	$	237,106	$	221,823
Home equity loans and lines of credit		99,668		99,940
Commercial real estate		200,169		193,068
Total		536,943		514,831
Other loans:
Commercial business		52,594		58,941
Consumer		8,948		9,589
Total		61,542		68,530
Total loans, gross		598,485		583,361
Less allowance for loan losses		6,360		6,127
Total loans, net	$	592,125	$	577,234

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

			Home Equity
	Residential		& Lines		Commercial		Commercial
	Mortgages		of Credit		Real Estate		Business		Consumer		Total
Three months ended September 30, 2018:
Allowance for loan losses:
Beginning Balance	$	2,033	$	650	$	2,882	$	499	$	54	$	6,118
Charge-offs		-		(26)		(6)		-		(44)		(76)
Recoveries		-		1		13		-		4		18
Provision		128		34		81		11		46		300
Ending Balance	$	2,161	$	659	$	2,970	$	510	$	60	$	6,360
Nine months ended September 30, 2018:
Allowance for loan losses:
Beginning Balance	$	2,090	$	646	$	2,753	$	585	$	53	$	6,127
Charge-offs		(61)		(109)		(424)		-		(213)		(807)
Recoveries		3		12		32		1		12		60
Provision		129		110		609		(76)		208		980
Ending Balance	$	2,161	$	659	$	2,970	$	510	$	60	$	6,360
At September 30, 2018:
Ending ALL balance attributable to loans:
Individually evaluated for impairment	$	7	$	-	$	-	$	-	$	-	$	7
Acquired loans		-		-		-		-		-		-
Collectively evaluated for impairment		2,154		659		2,970		510		60		6,353
Total	$	2,161	$	659	$	2,970	$	510	$	60	$	6,360
Total loans:
Individually evaluated for impairment	$	401	$	6	$	2,512	$	39	$	-	$	2,958
Acquired loans		17,767		9,817		22,784		1,778		1,080		53,226
Collectively evaluated for impairment		218,938		89,845		174,873		50,777		7,868		542,301
Total	$	237,106	$	99,668	$	200,169	$	52,594	$	8,948	$	598,485
At December 31, 2017:
Ending ALL balance attributable to loans:
Individually evaluated for impairment	$	7	$	-	$	-	$	-	$	-	$	7
Acquired loans		-		-		-		-		-		-
Collectively evaluated for impairment		2,083		646		2,753		585		53		6,120
Total	$	2,090	$	646	$	2,753	$	585	$	53	$	6,127
Total loans:
Individually evaluated for impairment	$	425	$	8	$	914	$	569	$	-	$	1,916
Acquired loans		20,300		10,873		27,404		1,451		2,893		62,921
Collectively evaluated for impairment		201,098		89,059		164,750		56,921		6,696		518,524
Total	$	221,823	$	99,940	$	193,068	$	58,941	$	9,589	$	583,361
Three months ended September 30, 2017:
Allowance for loan losses:
Beginning Balance	$	1,994	$	639	$	2,460	$	621	$	53	$	5,767
Charge-offs		(2)		(33)		(36)		(4)		(26)		(101)
Recoveries		-		1		2		-		1		4
Provision		46		20		200		(21)		25		270
Ending Balance	$	2,038	$	627	$	2,626	$	596	$	53	$	5,940
Nine months ended September 30, 2017:
Allowance for loan losses:
Beginning Balance	$	1,846	$	633	$	2,314	$	700	$	52	$	5,545
Charge-offs		(38)		(44)		(126)		(14)		(53)		(275)
Recoveries		-		21		6		-		10		37
Provision		230		17		432		(90)		44		633
Ending Balance	$	2,038	$	627	$	2,626	$	596	$	53	$	5,940

Impaired Financing Receivables [Table Text Block]

	Impaired Loans with Specific Allowance
							For the three months
	As of September 30, 2018						ended September 30, 2018
											Cash Basis
	Unpaid						Average		Interest Income		Interest
	Principal		Recorded		Related		Recorded		Recognized		Recognized
	Balance		Investment		Allowance		Investment		in Period		in Period
Residential first mortgages	$	74	$	74	$	7	$	74	$	1	$	1
Home equity and lines of credit		6		6		-		7		-		-
Commercial real estate		-		-		-		-		-		-
Commercial business		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
Total	$	80	$	80	$	7	$	81	$	1	$	1

	For the nine months
	ended September 30, 2018
					Cash Basis
	Average		Interest Income		Interest
	Recorded		Recognized		Recognized
	Investment		in Period		in Period
Residential first mortgages	$	75	$	2	$	2
Home equity and lines of credit		7		-		-
Commercial real estate		-		-		-
Commercial business		-		-		-
Consumer		-		-		-
Total	$	82	$	2	$	2

	Impaired Loans with No Specific Allowance
					For the three months
	As of September 30, 2018				ended September 30, 2018
									Cash Basis
	Unpaid				Average		Interest Income		Interest
	Principal		Recorded		Recorded		Recognized		Recognized
	Balance		Investment		Investment		in Period		in Period
Residential first mortgages	$	438	$	327	$	330	$	2	$	2
Home equity and lines of credit		-		-		-		-		-
Commercial real estate		2,512		2,512		1,278		83		2
Commercial business		39		39		39		1		1
Consumer		-		-		-		-		-
Total	$	2,989	$	2,878	$	1,647	$	86	$	5

	For the nine months
	ended September 30, 2018
					Cash Basis
	Average		Interest Income		Interest
	Recorded		Recognized		Recognized
	Investment		in Period		in Period
Residential first mortgages	$	338	$	3	$	3
Home equity and lines of credit		-		-		-
Commercial real estate		952		125		42
Commercial business		300		74		74
Consumer		-		-		-
Total	$	1,590	$	202	$	119

	Impaired Loans with Specific Allowance
							For the year ended
	As of December 31, 2017						December 31, 2017
											Cash Basis
	Unpaid						Average		Interest Income		Interest
	Principal		Recorded		Related		Recorded		Recognized		Recognized
	Balance		Investment		Allowance		Investment		in Period		in Period
Residential first mortgages	$	75	$	75	$	7	$	88	$	3	$	3
Home equity and lines of credit		8		8		-		2		-		-
Commercial real estate		-		-		-		111		-		-
Commercial business		-		-		-		118		-		-
Consumer		-		-		-		-		-		-
Total	$	83	$	83	$	7	$	319	$	3	$	3

	Impaired Loans with No Specific Allowance
					For the year ended
	As of December 31, 2017				December 31, 2017
									Cash Basis
	Unpaid				Average		Interest Income		Interest
	Principal		Recorded		Recorded		Recognized		Recognized
	Balance		Investment		Investment		in Period		in Period
Residential first mortgages	$	461	$	350	$	289	$	8	$	8
Home equity and lines of credit		-		-		-		-		-
Commercial real estate		1,089		914		855		3		3
Commercial business		569		569		498		3		3
Consumer		-		-		-		-		-
Total	$	2,119	$	1,833	$	1,642	$	14	$	14

	Impaired Loans with Specific Allowance
							For the three months
	As of September 30, 2017						ended September 30, 2017
											Cash Basis
	Unpaid						Average		Interest Income		Interest
	Principal		Recorded		Related		Recorded		Recognized		Recognized
	Balance		Investment		Allowance		Investment		in Period		in Period
Residential first mortgages	$	76	$	76	$	8	$	76	$	-	$	-
Home equity and lines of credit		-		-		-		-		-		-
Commercial real estate		-		-		-		-		-		-
Commercial business		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
Total	$	76	$	76	$	8	$	76	$	-	$	-

	For the nine months
	ended September 30, 2017
					Cash Basis
	Average		Interest Income		Interest
	Recorded		Recognized		Recognized
	Investment		in Period		in Period
Residential first mortgages	$	91	$	2	$	2
Home equity and lines of credit		-		-		-
Commercial real estate		139		-		-
Commercial business		147		-		-
Consumer		-		-		-
Total	$	377	$	2	$	2

	Impaired Loans with No Specific Allowance
					For the three months
	As of September 30, 2017				ended September 30, 2017
									Cash Basis
	Unpaid				Average		Interest Income		Interest
	Principal		Recorded		Recorded		Recognized		Recognized
	Balance		Investment		Investment		in Period		in Period
Residential first mortgages	$	469	$	357	$	362	$	1	$	1
Home equity and lines of credit		-		-		-		-		-
Commercial real estate		1,113		939		957		1		1
Commercial business		585		585		592		1		1
Consumer		-		-		-		-		-
Total	$	2,167	$	1,881	$	1,911	$	3	$	3

	For the nine months
	ended September 30, 2017
					Cash Basis
	Average		Interest Income		Interest
	Recorded		Recognized		Recognized
	Investment		in Period		in Period
Residential first mortgages	$	274	$	5	$	5
Home equity and lines of credit		-		-		-
Commercial real estate		840		2		2
Commercial business		481		2		2
Consumer		-		-		-
Total	$	1,595	$	9	$	9

Financing Receivable Credit Quality Indicators [Table Text Block]

					Special
	Not Rated		Pass		Mention		Substandard		Doubtful		Total
September 30, 2018:
Residential first mortgages	$	235,817	$	-	$	-	$	1,289	$	-	$	237,106
Home equity and lines of credit		98,647		-		-		1,021		-		99,668
Commercial real estate		-		189,273		3,785		7,111		-		200,169
Commercial business		-		51,381		150		1,063		-		52,594
Consumer		8,851		-		-		97		-		8,948
Total	$	343,315	$	240,654	$	3,935	$	10,581	$	-	$	598,485
December 31, 2017:
Residential first mortgages	$	220,730	$	-	$	-	$	1,093	$	-	$	221,823
Home equity and lines of credit		98,946		-		-		994		-		99,940
Commercial real estate		-		182,460		2,744		7,864		-		193,068
Commercial business		-		56,960		477		1,504		-		58,941
Consumer		9,443		-		-		146		-		9,589
Total	$	329,119	$	239,420	$	3,221	$	11,601	$	-	$	583,361

Past Due Financing Receivables [Table Text Block]

	Performing						Nonperforming
	Accruing		Accruing		Accruing		Accruing
	Loans Not		30-59 Days		60-89 Days		90 Days +				Total
	Past Due		Past Due		Past Due		Past Due		Nonaccrual		Loans
September 30, 2018:
Residential first mortgages	$	233,448	$	2,019	$	427	$	129	$	1,083	$	237,106
Home equity and lines of credit		97,716		906		146		379		521		99,668
Commercial real estate		196,184		737		8		-		3,240		200,169
Commercial business		52,233		322		-		-		39		52,594
Consumer		8,704		97		50		27		70		8,948
Total loans	$	588,285	$	4,081	$	631	$	535	$	4,953	$	598,485
December 31, 2017:
Residential first mortgages	$	218,515	$	1,936	$	357	$	159	$	856	$	221,823
Home equity and lines of credit		98,112		598		370		334		526		99,940
Commercial real estate		190,451		1,026		430		197		964		193,068
Commercial business		58,058		74		225		-		584		58,941
Consumer		9,162		273		81		-		73		9,589
Total loans	$	574,298	$	3,907	$	1,463	$	690	$	3,003	$	583,361

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

	Not		30-59 Days		60-89 Days		90 Days +		Total
	Past Due		Past Due		Past Due		Past Due		Loans
September 30, 2018:
Residential first mortgages	$	346	$	-	$	74	$	663	$	1,083
Home equity and lines of credit		7		-		-		514		521
Commercial real estate		2,665		-		268		307		3,240
Commercial business		39		-		-		-		39
Consumer		-		-		-		70		70
Total loans	$	3,057	$	-	$	342	$	1,554	$	4,953
December 31, 2017:
Residential first mortgages	$	366	$	-	$	75	$	415	$	856
Home equity and lines of credit		8		-		-		518		526
Commercial real estate		341		-		-		623		964
Commercial business		569		-		-		15		584
Consumer		-		-		-		73		73
Total loans	$	1,284	$	-	$	75	$	1,644	$	3,003