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Note 3 - Loans Receivable and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

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

(In thousands)
Loan portfolio segment:		September 30, 2017				December 31, 2016
Commercial Real Estate		$	296,625				271,229
Residential Real Estate			150,664				86,514
Commercial and Industrial			117,673				60,977
Consumer and Other			90,973				101,449
Construction			48,328				53,895
Construction to permanent - CRE			5,855				7,593
Loans receivable, gross			710,118				581,657
Allowance for loan losses			(6,222	)			(4,675	)
Loans receivable, net		$	703,896				576,982

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

(In thousands)		Commercial Real Estate				Residential Real Estate				Commercial and Industrial				Consumer and Other				Construction				Construction to Permanent [CRE]				Unallocated				Total
Three months ended September 30, 2017
Allowance for loan losses:
June 30, 2017		$	2,218				1,041				1,453				593				490				73				76				5,944
Charge-offs			-				-				(265	)			(10	)			-				-				-				(275	)
Recoveries			6				-				-				2				-				-				-				8
Provisions (credits)			(52	)			4				685				(327	)			293				(27	)			(31	)			545
September 30, 2017		$	2,172				1,045				1,873				258				783				46				45				6,222
Three months ended September 30, 2016
Allowance for loan losses:
June 30, 2016		$	2,295				647				3,400				531				169				145				22				7,209
Charge-offs			-				(186	)			(50	)			(2	)			-				-				-				(238	)
Recoveries			-				2				-				-				-				-				-				2
Provisions (credits)			(491	)			949				352				(329	)			(108	)			(18	)			-				355
September 30, 2016		$	1,804				1,412				3,702				200				61				127				22				7,328

(In thousands)		Commercial Real Estate				Residential Real Estate				Commercial and Industrial				Consumer and Other				Construction				Construction to Permanent [CRE]				Unallocated				Total
Nine months ended September 30, 2017
Allowance for loan losses:
December 31, 2016		$	1,853				534				740				641				712				69				126				4,675
Charge-offs			-				-				(265	)			(23	)			-				-				-				(288	)
Recoveries			8				-				2,769				2				-				-				-				2,779
Provisions (credits)			311				511				(1,371	)			(362	)			71				(23	)			(81	)			(944	)
September 30, 2017		$	2,172				1,045				1,873				258				783				46				45				6,222
Nine months ended September 30, 2016
Allowance for loan losses:
December 31, 2015		$	1,970				740				1,027				677				486				123				219				5,242
Charge-offs			-				(190	)			(50	)			(4	)			-				-				-				(244	)
Recoveries			-				3				12				1				-				-				-				16
Provisions (credits)			(166	)			859				2,713				(474	)			(425	)			4				(197	)			2,314
September 30, 2016		$	1,804				1,412				3,702				200				61				127				22				7,328

(In thousands)		Commercial Real Estate				Residential Real Estate				Commercial and Industrial				Consumer and Other				Construction				Construction to Permanent [CRE]				Unallocated				Total
September 30, 2017
Allowance for loan losses:
Individually evaluated for impairment		$	-				-				285				-				-				-				-				285
Collectively evaluated for impairment			2,172				1,045				1,588				258				783				46				45				5,937
Total allowance for loan losses		$	2,172				1,045				1,873				258				783				46				45				6,222
Loans receivable, gross:
Individually evaluated for impairment		$	6,081				1,904				285				715				-				-				-				8,985
Collectively evaluated for impairment			290,544				148,760				117,388				90,258				48,328				5,855				-				701,133
Total loans receivable, gross		$	296,625				150,664				117,673				90,973				48,328				5,855				-				710,118

(In thousands)		Commercial Real Estate				Residential Real Estate				Commercial and Industrial				Consumer and Other				Construction				Construction to Permanent [CRE]				Unallocated				Total
December 31, 2016
Allowance for loan losses:
Individually evaluated for impairment		$	-				-				231				-				-				-				-				231
Collectively evaluated for impairment			1,853				534				509				641				712				69				126				4,444
Total allowance for loan losses		$	1,853				534				740				641				712				69				126				4,675
Loans receivable, gross:
Individually evaluated for impairment		$	6,267				1,911				231				542				-				-				-				8,951
Collectively evaluated for impairment			264,962				84,603				60,746				100,907				53,895				7,593				-				572,706
Total loans receivable, gross		$	271,229				86,514				60,977				101,449				53,895				7,593				-				581,657

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

(In thousands)		Non-accruing Loans
		30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Current				Total Non-accruing Loans
As of September 30, 2017:
Loan portfolio segment:
Residential Real Estate:
Sub-standard		$	-				-				1,590				1,590				-				1,590
Commercial and Industrial:
Sub-standard			-				-				286				286				-				286
Consumer and Other
Sub-standard			-				-				175				175				-				175
Total non-accruing loans		$	-				-				2,051				2,051				-				2,051
As of December 31, 2016:
Loan portfolio segment:
Residential Real Estate:
Sub-standard		$	-				-				1,590				1,590				-				1,590
Commercial and Industrial:
Sub-standard			-				-				231				231				-				231
Total non-accruing loans		$	-				-				1,821				1,821				-				1,821

Past Due Financing Receivables [Table Text Block]

(In thousands)		Performing (Accruing) Loans
As of September 30, 2017:		30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or Greater Past Due				Total				Current				Total Performing Loans				Non-accruing Loans				Loans Receivable Gross
Loan portfolio segment:
Commercial Real Estate:
Pass		$	1,300				-				-				1,300				277,475				278,775				-				278,775
Special Mention			652				-				-				652				12,510				13,162				-				13,162
Substandard			-				1,699				-				1,699				2,989				4,688				-				4,688
			1,952				1,699				-				3,651				292,974				296,625				-				296,625
Residential Real Estate:
Pass			556				364				1,447				2,367				145,170				147,537				-				147,537
Special Mention			-				-				-				-				1,537				1,537				-				1,537
Substandard			-				-				-				-				-				-				1,590				1,590
			556				364				1,447				2,367				146,707				149,074				1,590				150,664
Commercial and Industrial:
Pass			1,799				500				2,500				4,799				112,088				116,887				-				116,887
Substandard			-				-				500				500				-				500				286				786
			1,799				500				3,000				5,299				112,088				117,387				286				117,673
Consumer and Other:
Pass			-				125				-				125				90,673				90,798				-				90,798
Substandard			-				-				-				-				-				-				175				175
			-				125				-				125				90,673				90,798				175				90,973
Construction:
Pass			-				-				-				-				48,328				48,328				-				48,328
Construction to permanent - CRE:
Pass			-				-				-				-				5,855				5,855				-				5,855
Total		$	4,307				2,688				4,447				11,442				696,625				708,067				2,051				710,118
Loans receivable, gross:
Pass		$	3,655				989				3,947				8,591				679,589				688,180				-				688,180
Special Mention			652				-				-				652				14,047				14,699				-				14,699
Substandard			-				1,699				500				2,199				2,989				5,188				2,051				7,239
Loans receivable, gross		$	4,307				2,688				4,447				11,442				696,625				708,067				2,051				710,118

(In thousands)		Performing (Accruing) Loans
As of December 31, 2016:		30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or Greater Past Due				Total				Current				Total Performing Loans				Non-accruing Loans				Loans Receivable Gross
Loan portfolio segment:
Commercial Real Estate:
Pass		$	-				-				-				-				265,246				265,246				-				265,246
Special Mention			-				-				-				-				4,531				4,531				-				4,531
Substandard			-				-				-				-				1,452				1,452				-				1,452
			-				-				-				-				271,229				271,229				-				271,229
Residential Real Estate:
Pass			131				9				1,449				1,589				83,335				84,924				-				84,924
Substandard			-				-				-				-				-				-				1,590				1,590
			131				9				1,449				1,589				83,335				84,924				1,590				86,514
Commercial and Industrial:
Pass			47				4				-				51				60,692				60,743				-				60,743
Substandard			-				-				-				-				3				3				231				234
			47				4				-				51				60,695				60,746				231				60,977
Consumer and Other:
Pass			75				-				3				78				101,371				101,449				-				101,449
Construction:
Pass			-				-				-				-				53,895				53,895				-				53,895
Construction to permanent - CRE:
Pass			-				-				-				-				7,593				7,593				-				7,593
Total		$	253				13				1,452				1,718				578,118				579,836				1,821				581,657
Loans receivable, gross:
Pass		$	253				13				1,452				1,718				572,132				573,850				-				573,850
Special Mention			-				-				-				-				4,531				4,531				-				4,531
Substandard			-				-				-				-				1,455				1,455				1,821				3,276
Loans receivable, gross		$	253				13				1,452				1,718				578,118				579,836				1,821				581,657

Impaired Financing Receivables [Table Text Block]

(In thousands)
		September 30, 2017												December 31, 2016
		Recorded Investment				Principal Outstanding				Related Allowance				Recorded Investment				Principal Outstanding				Related Allowance
With no related allowance recorded:
Commercial Real Estate		$	6,081				6,531				-				6,267				6,721				-
Residential Real Estate			1,904				1,935				-				1,911				2,915				-
Commercial and Industrial			-				503				-				-				-				-
Consumer and Other			715				809				-				542				631				-
Construction			-				39				-				-				-				-
			8,700				9,817				-				8,720				10,267				-
With a related allowance recorded:
Commercial Real Estate			-				-				-				-				-				-
Residential Real Estate			-				-				-				-				-				-
Commercial and Industrial			285				285				285				231				231				231
Consumer and Other			-				-				-				-				-				-
Construction			-				-				-				-				-				-
			285				285				285				231				231				231
Impaired Loans, Total:
Commercial Real Estate			6,081				6,531				-				6,267				6,721				-
Residential Real Estate			1,904				1,935				-				1,911				2,915				-
Commercial and Industrial			285				788				285				231				231				231
Consumer and Other			715				809				-				542				631				-
Construction			-				39				-				-				-				-
Impaired Loans, Total		$	8,985				10,102				285				8,951				10,498				231

(In thousands)		Three Months Ended September 30,
		2017								2016
		Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial Real Estate		$	6,111				10				6,428				77
Residential Real Estate			1,903				-				4,787				36
Commercial and Industrial			37				-				148				-
Consumer and Other			584				-				272				-
			8,635				10				11,635				113
With a related allowance recorded:
Commercial Real Estate			-				-				-				-
Residential Real Estate			-				-				-				-
Commercial and Industrial			245				-				3,068				-
Consumer and Other			-				-				2				-
			245				-				3,070				-
Impaired Loans, Total:
Commercial Real Estate			6,111				10				6,428				77
Residential Real Estate			1,903				-				4,787				36
Commercial and Industrial			282				-				3,216				-
Consumer and Other			584				-				274				-
Impaired Loans, Total		$	8,880				10				14,705				113

(In thousands)		Nine Months Ended September 30,
		2017								2016
		Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial Real Estate		$	6,173				159				7,281				236
Residential Real Estate			1,907				5				4,666				98
Commercial and Industrial			46				-				74				-
Consumer and Other			558				10				409				9
			8,684				174				12,430				343
With a related allowance recorded:
Commercial Real Estate			-				-				-				-
Residential Real Estate			-				-				-				-
Commercial and Industrial			237				-				2,278				-
Consumer and Other			-				-				2				-
			237				-				2,280				-
Impaired Loans, Total:
Commercial Real Estate			6,173				159				7,281				236
Residential Real Estate			1,907				5				4,666				98
Commercial and Industrial			283				-				2,352				-
Consumer and Other			558				10				411				9
Impaired Loans, Total		$	8,921				174				14,710				343

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- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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