Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2017

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]






	June 30, 2017				December 31, 2016
Real Estate Loans:
Residential	$	234,251	31.9	%	$	237,177	33.2	%
Commercial		335,602	45.6			320,187	44.8
Construction		17,673	2.4			19,709	2.8
Commercial, financial and agricultural		84,502	11.5			85,508	12.0
Consumer loans to individuals		63,194	8.6			51,524	7.2
Total loans		735,222	100.0	%		714,105	100.0	%
Deferred fees, net		(196)				(216)
Total loans receivable		735,026				713,889
Allowance for loan losses		(7,419)				(6,463)
Net loans receivable	$	727,607			$	707,426

Components of purchase accounting adjustments related to purchased impaired loans acquired [Table Text Block]



(In Thousands)		July 31, 2016

Contractually required principal and interest	$	2,621
Non-accretable discount		(1,014)
Expected cash flows		1,607
Accretable discount		(239)
Estimated fair value	$	1,368

Changes in amortizable yield for purchased credit-impaired loans [Table Text Block]



	2017
Balance at beginning of period	$	208
Additions		-
Accretion		(37)
Reclassification and other		-
Balance at end of period	$	171

Additional Information Regarding Loans Acquired and Accounted for in Accordance with ASC 310-30 [Table Text Block]



	June 30, 2017		December 31, 2016

Outstanding Balance	$	1,689	$	1,821
Carrying Amount	$	1,345	$	1,386

Impaired Loans and Related Interest Income by Loan Portfolio Class [Table Text Block]

The following table shows the amount of loans in each category that were individually and collectively evaluated for impairment at the dates indicated:



	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
June 30, 2017	(In thousands)

Individually evaluated for impairment	$	23	$	3,175	$	-	$	-	$	-	$	3,198
Loans acquired with deteriorated credit quality		831		514		-		-		-		1,345
Collectively evaluated for impairment		233,397		331,913		17,673		84,502		63,194		730,679
Total Loans	$	234,251	$	335,602	$	17,673	$	84,502	$	63,194	$	735,222



	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
	(In thousands)
December 31, 2016

Individually evaluated for impairment	$	23	$	2,601	$	-	$	-	$	-	$	2,624
Loans acquired with deteriorated credit quality		821		565		-		-		-		1,386
Collectively evaluated for impairment		236,333		317,021		19,709		85,508		51,524		710,095
Total Loans	$	237,177	$	320,187	$	19,709	$	85,508	$	51,524	$	714,105

The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable.



			Unpaid
	Recorded		Principal		Associated
	Investment		Balance		Allowance
June 30, 2017				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	23	$	28	$	-
Commercial		3,175		4,056		-
Subtotal		3,198		4,084		-
Total:
Real Estate Loans
Residential		23		28		-
Commercial		3,175		4,056		-
Total Impaired Loans	$	3,198	$	4,084	$	-



			Unpaid
	Recorded		Principal		Associated
	Investment		Balance		Allowance
December 31, 2016				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	23	$	28	$	-
Commercial		2,601		3,427		-
Subtotal		2,624		3,455		-
Total:
Real Estate Loans
Residential		23		28		-
Commercial		2,601		3,427		-
Total Impaired Loans	$	2,624	$	3,455	$	-

The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three-month periods ended June 30, 2017 and 2016 (in thousands):



	Average Recorded				Interest Income
	Investment				Recognized
	2017		2016		2017		2016

Real Estate Loans:
Residential	$	23	$	157	$	-	$	1
Commercial		2,821		3,146		29		25
Total	$	2,844	$	3,303	$	29	$	26

The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the six-month periods ended June 30, 2017 and 2016 (in thousands):



	Average Recorded				Interest Income
	Investment				Recognized
	2017		2016		2017		2016

Real Estate Loans:
Residential	$	23	$	161	$	-	$	2
Commercial		2,730		3,218		51		57
Total	$	2,753	$	3,379	$	51	$	59

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating [Table Text Block]



			Special					Doubtful
	Pass		Mention		Substandard		or Loss		Total
June 30, 2017
Commercial real estate loans	$	319,333	$	8,828	$	7,441	$	-	$	335,602
Commercial loans		84,392		23		87		-		84,502
Total	$	403,725	$	8,851	$	7,528	$	-	$	420,104



			Special					Doubtful
	Pass		Mention		Substandard		or Loss		Total
December 31, 2016
Commercial real estate loans	$	310,432	$	5,432	$	4,323	$	-	$	320,187
Commercial loans		84,600		885		23		-		85,508
Total	$	395,032	$	6,317	$	4,346	$	-	$	405,695

For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. The following table presents the recorded investment in the loan classes based on payment activity as of June 30, 2017 and December 31, 2016 (in thousands):



	Performing		Nonperforming		Total
June 30, 2017
Residential real estate loans	$	232,774	$	1,307	$	234,251
Construction		17,673		15		17,673
Consumer loans		63,194		-		63,194
Total	$	313,641	$	1,322	$	315,118



	Performing		Nonperforming		Total
December 31, 2016
Residential real estate loans	$	235,829	$	1,137	$	237,177
Construction		19,681		28		19,709
Consumer loans		51,524		-		51,524
Total	$	307,034	$	1,165	$	308,410

Loan Portfolio Summarized by the Past Due Status [Table Text Block]



	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
June 30, 2017
Real Estate loans
Residential	$	232,011	$	737	$	192	$	4	$	1,307	$	2,240	$	234,251
Commercial		333,182		1,034		-		-		1,386		2,420		335,602
Construction		17,658		-		-		-		15		15		17,673
Commercial loans		84,467		-		35		-		-		35		84,502
Consumer loans		63,137		38		19		-		-		57		63,194
Total	$	730,455	$	1,809	$	246	$	4	$	2,708	$	4,767	$	735,222



	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
December 31, 2016
Real Estate loans
Residential	$	234,790	$	986	$	264	$	1	$	1,136	$	2,387	$	237,177
Commercial		318,979		445		1		-		762		1,208		320,187
Construction		19,681		-		-		-		28		28		19,709
Commercial loans		85,355		143		10		-		-		153		85,508
Consumer loans		51,456		39		29		-		-		68		51,524
Total	$	710,261	$	1,613	$	304	$	1	$	1,926	$	3,844	$	714,105

Allowance for Loan Losses and Recorded Investment in Financing Receivables [Table Text Block]

Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the allowance for loan losses. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the allowance. The following table presents the allowance for loan losses by the classes of the loan portfolio:



(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2016	$	1,092	$	4,623	$	78	$	307	$	363	$	6,463
Charge Offs		(83)		(96)		(13)		-		(82)		(274)
Recoveries		3		4		12		-		11		30
Provision for loan losses		242		697		16		53		192		1,200
Ending balance, June 30, 2017	$	1,254	$	5,228	$	93	$	360	$	484	$	7,419
Ending balance individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance collectively evaluated for impairment	$	1,254	$	5,228	$	93	$	360	$	484	$	7,419


(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, March 31, 2017	$	1,179	$	4,831	$	95	$	369	$	427	$	6,901
Charge Offs		(44)		(11)		(5)		-		(30)		(90)
Recoveries		2		2		-		-		4		8
Provision for loan losses		117		406		3		(9)		83		600
Ending balance, June 30, 2017	$	1,254	$	5,228	$	93	$	360	$	484	$	7,419



(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2015	$	1,069	$	5,506	$	90	$	397	$	236	$	7,298
Charge Offs		(17)		(2,642)		-		-		(30)		(2,689)
Recoveries		2		2		-		-		35		39
Provision for loan losses		(78)		1,325		(31)		(104)		38		1,150
Ending balance, June 30, 2016	$	976	$	4,191	$	59	$	293	$	279	$	5,798
Ending balance individually evaluated for impairment	$	-	$	15	$	-	$	-	$	-	$	15
Ending balance collectively evaluated for impairment	$	976	$	4,176	$	59	$	293	$	279	$	5,783


(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, March 31, 2016	$	1,077	$	5,758	$	109	$	446	$	252	$	7,642
Charge Offs		(17)		(2,513)		-		-		(23)		(2,553)
Recoveries		1		-		-		-		8		9
Provision for loan losses		(85)		946		(50)		(153)		42		700
Ending balance, June 30, 2016	$	976	$	4,191	$	59	$	293	$	279	$	5,798