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SHAREHOLDERS’ EQUITY AND REGULATORY CAPITAL | 12 Months Ended
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Dec. 31, 2016
Equity [Abstract] |
SHAREHOLDERS’ EQUITY AND REGULATORY CAPITAL | SHAREHOLDERS’ EQUITY AND REGULATORY CAPITAL The Company maintains a stockholder dividend reinvestment and stock purchase plan. Under the plan, shareholders may purchase additional shares of the Company’s common stock at the prevailing market prices with reinvestment dividends and voluntary cash payments. The Company reserved 1,045,000 shares of its common stock to be issued under the dividend reinvestment and stock purchase plan. At December 31, 2016, approximately 665,000 shares were available to be issued under the plan. On January 19, 2016, the Company filed a shelf registration statement on Form S-3 with the SEC that provides for up to an aggregate of $100,000,000, through the sale of common stock, preferred stock, warrants, debt securities, and units. To date, the Company has not issued any securities under this shelf registration statement. Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision's capital guidelines for U.S. Banks ("Basel III rules") became effective for the Company on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. Under the Basel III rules, the Company must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer is being phased in from 0.0% for 2015 to 2.50% by 2019. The capital conservation buffer for 2016 is 0.625%. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes at December 31, 2016 the Company and the Bank meet all capital adequacy requirements to which they are subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion and capital restoration plans are required. At December 31, 2016 and 2015, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the bank's category. Capital amounts and ratios at December 31, 2016 and December 31, 2015 are presented in the following table.
| Actual |  | For Capital Adequacy Purposes (includes applicable capital conservation buffer) |  | To Be Well Capitalized Under Prompt Corrective Action Regulations
(Dollars in thousands) | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |
Total Capital to risk weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 139,033 |  |  | 14.6 | % |  | $ | 82,391 |  |  | 8.625 | % |  | n/a |  |  | n/a |
Bank | 126,408 |  |  | 13.2 | % |  | 82,328 |  |  | 8.625 | % |  | $ | 95,453 |  |  | 10.0 | %
Tier 1 (Core) Capital to risk weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 127,033 |  |  | 13.3 | % |  | 63,286 |  |  | 6.625 | % |  | n/a |  |  | n/a |
Bank | 114,417 |  |  | 12.0 | % |  | 63,238 |  |  | 6.625 | % |  | 76,363 |  |  | 8.0 | %
Common Tier 1 (CET1) to risk weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 127,033 |  |  | 13.3 | % |  | 48,957 |  |  | 5.125 | % |  | n/a |  |  | n/a |
Bank | 114,417 |  |  | 12.0 | % |  | 48,920 |  |  | 5.125 | % |  | 62,045 |  |  | 6.5 | %
Tier 1 (Core) Capital to average assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 127,033 |  |  | 9.3 | % |  | 54,453 |  |  | 4.0 | % |  | n/a |  |  | n/a |
Bank | 114,417 |  |  | 8.4 | % |  | 54,500 |  |  | 4.0 | % |  | 68,126 |  |  | 5.0 | %
December 31, 2015 |  |  |  |  |  |  |  |  |  |  |
Total Capital to risk weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 134,562 |  |  | 15.8 | % |  | $ | 68,078 |  |  | 8.0 | % |  | n/a |  |  | n/a |
Bank | 118,671 |  |  | 14.0 | % |  | 68,027 |  |  | 8.0 | % |  | $ | 85,034 |  |  | 10.0 | %
Tier 1 (Core) Capital to risk weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 123,825 |  |  | 14.6 | % |  | 51,058 |  |  | 6.0 | % |  | n/a |  |  | n/a |
Bank | 107,942 |  |  | 12.7 | % |  | 51,021 |  |  | 6.0 | % |  | 68,027 |  |  | 8.0 | %
Common Tier 1 (CET1) to risk weighted assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 123,825 |  |  | 14.6 | % |  | 38,294 |  |  | 4.5 | % |  | n/a |  |  | n/a |
Bank | 107,942 |  |  | 12.7 | % |  | 38,265 |  |  | 4.5 | % |  | 55,272 |  |  | 6.5 | %
Tier 1 (Core) Capital to average assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 123,825 |  |  | 9.8 | % |  | 50,684 |  |  | 4.0 | % |  | n/a |  |  | n/a |
Bank | 107,942 |  |  | 8.5 | % |  | 50,695 |  |  | 4.0 | % |  | 63,368 |  |  | 5.0 | %
In September 2015, the Board of Directors of the Company authorized a share repurchase program under which the Company may repurchase up to 5% of the Company's outstanding shares of common stock, or approximately 416,000 shares, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. When and if appropriate, repurchases may be made in open market or privately negotiated transactions, depending on market conditions, regulatory requirements and other corporate considerations, as determined by management. Share repurchases may not occur and may be discontinued at any time. At December 31, 2016, 82,725 shares had been repurchased under the program at a total cost of $1,438,000, or $17.38 per share. On January 25, 2017, the Board declared a cash dividend of $0.10 per common share, which was paid on February 17, 2017.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 + Details
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