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Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Schedule of loan portfolio

The Bank’s loan portfolio as of December 31 was as follows:

(Dollars in thousands)

		2016				2015
Agricultural		$	44,614			$	40,232
Commercial and industrial			96,088				94,347
Consumer			21,596				20,090
Real estate - commercial			110,762				97,736
Real estate - construction			6,153				5,390
Real estate - residential			89,787				91,509
Loans, gross			369,000				349,304
Allowance for loan losses			(4,277	)			(4,194	)
Loans, net		$	364,723			$	345,110

Schedule of activity in the allowance for loan losses and balances in the loan portfolio

Activity in the allowance for loan losses and balances in the loan portfolio were as follows:

(Dollars in thousands)						Commercial								Commercial				Construction				Residential
		Agricultural				and Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
2016 Allowance for Loan Losses
Beginning balance		$	420			$	586			$	297			$	1,030			$	46			$	1,388			$	427			$	4,194
Charge-offs			—				(37	)			(218	)			—				—				(102	)			—				(357	)
Recoveries			—				31				149				89				—				171				—				440
Provision			13				108				77				319				16				(444	)			(89	)			—
Ending balance		$	433			$	688			$	305			$	1,438			$	62			$	1,013			$	338			$	4,277
Individually evaluated for impairment		$	3			$	11			$	2			$	91			$	—			$	296			$	—			$	403
Collectively evaluated for impairment		$	430			$	677			$	303			$	1,347			$	62			$	717			$	338			$	3,874
Loans
Individually evaluated for impairment		$	526			$	301			$	28			$	1,073			$	—			$	2,983							$	4,911
Collectively evaluated for impairment			44,088				95,787				21,568				109,689				6,153				86,804								364,089
Ending balance		$	44,614			$	96,088			$	21,596			$	110,762			$	6,153			$	89,787							$	369,000

(Dollars in thousands)						Commercial								Commercial				Construction				Residential
		Agricultural				and Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
2015 Allowance for Loan Losses
Beginning balance		$	186			$	527			$	184			$	1,641			$	9			$	1,193			$	433			$	4,173
Charge-offs			—				(30	)			(291	)			—				—				(140	)			—				(461	)
Recoveries			1				64				121				47				—				149				—				382
Provision			233				25				283				(658	)			37				186				(6	)			100
Ending balance		$	420			$	586			$	297			$	1,030			$	46			$	1,388			$	427			$	4,194
Individually evaluated for impairment		$	3			$	15			$	1			$	191			$	—			$	296			$	—			$	506
Collectively evaluated for impairment		$	417			$	571			$	296			$	839			$	46			$	1,092			$	427			$	3,688
Loans
Individually evaluated for impairment		$	50			$	192			$	24			$	2,790			$	—			$	2,529							$	5,585
Collectively evaluated for impairment			40,182				94,155				20,066				94,946				5,390				88,980								343,719
Ending balance		$	40,232			$	94,347			$	20,090			$	97,736			$	5,390			$	91,509							$	349,304

(Dollars in thousands)						Commercial								Commercial				Construction				Residential
		Agricultural				and Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
2014 Allowance for Loan Losses
Beginning balance		$	178			$	562			$	192			$	1,842			$	12			$	1,626			$	323			$	4,735
Charge-offs			—				(1	)			(273	)			(665	)			—				(133	)			—				(1,072	)
Recoveries			20				119				179				48				—				44				—				410
Provision			(12	)			(153	)			86				416				(3	)			(344	)			110				100
Ending balance		$	186			$	527			$	184			$	1,641			$	9			$	1,193			$	433			$	4,173
Individually evaluated for impairment		$	—			$	—			$	4			$	745			$	—			$	365			$	—			$	1,114
Collectively evaluated for impairment		$	186			$	527			$	180			$	896			$	9			$	828			$	433			$	3,059
Loans
Individually evaluated for impairment		$	—			$	38			$	36			$	3,853			$	—			$	2,958							$	6,885
Collectively evaluated for impairment			41,098				88,024				20,716				95,954				2,691				90,745								339,228
Ending balance		$	41,098			$	88,062			$	20,752			$	99,807			$	2,691			$	93,703							$	346,113

Schedule of the bank's credit exposure

Information regarding the Bank’s credit exposure as of December 31 was as follows:

Corporate Credit Exposure - Credit Risk Profile By Creditworthiness Category

(Dollars in thousands)		Agricultural								Commercial and Industrial								Commercial Real Estate
		2016				2015				2016				2015				2016				2015
Risk ratings 1 and 2		$	12,005			$	10,416			$	12,135			$	10,480			$	8,013			$	3,875
Risk rating 3			23,852				25,189				56,714				66,921				59,343				57,540
Risk rating 4			7,505				3,086				25,895				16,169				39,641				29,826
Risk rating 5			726				1,491				1,267				574				1,867				3,776
Risk rating 6			526				50				77				129				1,898				2,719
Risk rating 7			—				—				—				74				—				—
		$	44,614			$	40,232			$	96,088			$	94,347			$	110,762			$	97,736

Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		2016				2015				2016				2015				2016				2015
Performing		$	21,590			$	20,090			$	6,153			$	5,390			$	88,767			$	90,796
Nonperforming			—				—				—				—				229				282
Nonaccrual			6				—				—				—				791				431
		$	21,596			$	20,090			$	6,153			$	5,390			$	89,787			$	91,509

Schedule of troubled debt restructurings

The following schedule provides information on loans that were considered troubled debt restructurings (“TDRs”) that were modified during the twelve months ended December 31, 2016 and December 31, 2015:

		December 31, 2016												December 31, 2015
						Pre-				Post-								Pre-				Post-
						Modification				Modification								Modification				Modification
						Outstanding				Outstanding								Outstanding				Outstanding
(Dollars in thousands)		Number of				Recorded				Recorded				Number of				Recorded				Recorded
		Loans				Investment				Investment				Loans				Investment				Investment
Agricultural			1			$	105			$	105				—			$	—			$	—
Commercial and industrial			—				—				—				—				—				—
Consumer			—				—				—				—				—				—
Commercial real estate			—				—				—				4				439				439
Residential real estate			2				155				155				2				195				195
			3			$	260			$	260				6			$	634			$	634

The following schedule provides information on TDRs as of December 31, 2016 and December 31, 2015 where the borrower was past due with respect to principal and/or interest for 30 days or more during the twelve months ended December 31, 2016 and December 31, 2015 that had been modified during the 12-month period prior to the default:

		With Payment Defaults During the Following Periods
		December 31, 2016								December 31, 2015
(Dollars in thousands)		Number				Recorded				Number				Recorded
		of Loans				Investment				of Loans				Investment
Agricultural			—			$	—				—			$	—
Commercial and industrial			—				—				—				—
Consumer			—				—				—				—
Commercial real estate			1				105				3				400
Residential real estate			—				—				—				—
			1			$	105				3			$	400

Schedule of impaired loans

Impaired loans by loan category as of December 31 were as follows:

						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
2016
With no related allowance recorded
Agricultural		$	482			$	485			$	—			$	220			$	13
Commercial and industrial			206				207				—				91				3
Consumer			—				—				—				1				—
Commercial real estate			342				939				—				925				2
Residential real estate			301				292				—				167				5
Subtotal			1,331				1,923				—				1,404				23
With an allowance recorded
Agricultural			44				44				3				72				3
Commercial and industrial			95				95				11				218				—
Consumer			28				28				2				24				2
Commercial real estate			731				804				91				1,281				33
Residential real estate			2,682				2,711				296				2,672				108
Subtotal			3,580				3,682				403				4,267				146
Total
Agricultural			526				529				3				292				16
Commercial and industrial			301				302				11				309				3
Consumer			28				28				2				25				2
Commercial real estate			1,073				1,743				91				2,206				35
Residential real estate			2,983				3,003				296				2,839				113
Total		$	4,911			$	5,605			$	403			$	5,671			$	169

						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
2015
With no related allowance recorded
Agricultural		$	—			$	—			$	—			$	—			$	—
Commercial and industrial			74				103				—				25				—
Consumer			—				—				—				2				—
Commercial real estate			1,540				1,540				—				1,061				11
Residential real estate			13				13				—				191				—
Subtotal			1,627				1,656				—				1,279				11
With an allowance recorded
Agricultural			50				50				3				62				(6	)
Commercial and industrial			118				118				15				44				1
Consumer			24				24				1				34				3
Commercial real estate			1,250				1,755				191				2,002				64
Residential real estate			2,516				2,516				296				2,425				86
Subtotal			3,958				4,463				506				4,567				148
Total
Agricultural			50				50				3				62				(6	)
Commercial and industrial			192				221				15				69				1
Consumer			24				24				1				36				3
Commercial real estate			2,790				3,295				191				3,063				75
Residential real estate			2,529				2,529				296				2,616				86
Total		$	5,585			$	6,119			$	506			$	5,846			$	159

						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
2014
With no related allowance recorded
Agricultural		$	—			$	—			$	—			$	90			$	—
Commercial and industrial			38				43				—				81				—
Consumer			8				8				—				3				—
Commercial real estate			413				419				—				352				6
Residential real estate			502				502				—				492				9
Subtotal			961				972				—				1,018				15
With an allowance recorded
Agricultural			—				—				—				130				—
Commercial and industrial			—				—				—				292				4
Consumer			28				28				4				31				3
Commercial real estate			3,440				4,498				745				3,932				81
Residential real estate			2,456				2,474				365				2,323				91
Subtotal			5,924				7,000				1,114				6,708				179
Total
Agricultural			—				—				—				220				—
Commercial and industrial			38				43				—				373				4
Consumer			36				36				4				34				3
Commercial real estate			3,853				4,917				745				4,284				87
Residential real estate			2,958				2,976				365				2,815				100
Total		$	6,885			$	7,972			$	1,114			$	7,726			$	194

Schedule of aging analysis of loans by loan category

An aging analysis of loans by loan category as of December 31 follows:

										Loans
		Loans				Loans				Past Due																Loans
		Past Due				Past Due				Greater																90 Days Past
(Dollars in thousands)		30 to 59				60 to 89				Than 90								Loans Not				Total				Due and
		Days (1)				Days (1)				Days (1)				Total (1)				Past Due				Loans				Accruing
2016
Agricultural		$	—			$	—			$	—			$	—			$	44,614			$	44,614			$	—
Commercial and industrial			—				30				245				275				95,813				96,088				—
Consumer			99				2				6				107				21,489				21,596				—
Commercial real estate			—				—				260				260				110,502				110,762				—
Construction real estate			—				—				—				—				6,153				6,153				—
Residential real estate			1,027				109				646				1,782				88,005				89,787				229
		$	1,126			$	141			$	1,157			$	2,424			$	366,576			$	369,000			$	229
2015
Agricultural		$	3			$	—			$	—			$	3			$	40,229			$	40,232			$	—
Commercial and industrial			90				322				77				489				93,858				94,347				—
Consumer			115				—				—				115				19,975				20,090				—
Commercial real estate			505				297				1,233				2,035				95,701				97,736				—
Construction real estate			299				—				—				299				5,091				5,390				—
Residential real estate			1,012				364				200				1,576				89,933				91,509				29
		$	2,024			$	983			$	1,510			$	4,517			$	344,787			$	349,304			$	29

(1) Includes nonaccrual loans.

Schedule of nonaccrual loans by loan category

Nonaccrual loans by loan category as of December 31 follow:

(Dollars in thousands)
		2016				2015
Agricultural		$	482			$	50
Commercial and industrial			245				77
Consumer			6				—
Commercial real estate			458				1,640
Construction real estate			—				—
Residential real estate			792				431
		$	1,983			$	2,198

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