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Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2017

Loans and Allowance for Loan Losses [Abstract]

Summary of categories of loans

		Total Loans								Non-Accrual Loans
($ in thousands)		Sep. 2017				Dec. 2016				Sep. 2017				Dec. 2016
Commercial & Industrial		$	104,263			$	108,752				123				190
Commercial RE & Construction			319,764				284,084				1,029				1,194
Agricultural & Farmland			51,140				52,475				2				4
Residential Real Estate			141,296				142,452				1,074				1,162
Consumer & Other			58,152				56,335				153				187
Total Loans		$	674,615			$	644,098			$	2,381			$	2,737
Unearned Income		$	460			$	335
Total Loans, net of unearned income		$	675,075			$	644,433
Allowance for loan losses		$	(7,760	)		$	(7,725	)

Summary of allowance for loan losses and recorded investment in loans based on portfolio segment and impairment method

		Commercial				Commercial RE &				Agricultural				Residential				Consumer
($’s in thousands)		& Industrial				Construction				& Farmland				Real Estate				& Other				Total
ALLOWANCE FOR LOAN AND LEASE LOSSES
For the Three Months Ended - September 30, 2017
Beginning balance		$	995			$	3,452			$	512			$	1,988	#		$	878			$	7,825
Charge Offs			-				(26	)			-				(20	)			(29	)		$	(75	)
Recoveries			-				-				1				2				7				10
Provision			(138	)			195				(17	)			44				(84	)			-
Ending Balance		$	857			$	3,621			$	496			$	2,014			$	772			$	7,760
For the Nine Months Ended - September 30, 2017
Beginning balance		$	1,204			$	3,321			$	347			$	1,963			$	890			$	7,725
Charge Offs			(50	)			(26	)			-				(42	)			(77	)		$	(195	)
Recoveries			6				2				3				6				13				30
Provision			(303	)			324				146				87				(54	)			200
Ending Balance		$	857			$	3,621			$	496			$	2,014			$	772			$	7,760

		Commercial				Commercial RE &				Agricultural				Residential				Consumer
($’s in thousands)		& Industrial				Construction				& Farmland				Real Estate				& Other				Total
Loans Receivable at September 30, 2017 Allowance:
Ending balance:
individually  evaluated for impairment		$	-			$	146			$	-			$	116			$	5			$	267
Ending balance:
collectively evaluated for impairment		$	857			$	3,475			$	496			$	1,898			$	767			$	7,493
Loans:
Ending balance:
individually evaluated for impairment		$	-			$	1,394			$	-			$	1,008			$	201			$	2,603
Ending balance:
collectively evaluated for impairment		$	104,263			$	318,370			$	51,140			$	140,288			$	57,951			$	672,012
Loans Receivable at December 31, 2016 Allowance:
Ending balance:
individually evaluated for impairment		$	50			$	119			$	-			$	124			$	7			$	300
Ending balance:
collectively evaluated for impairment		$	1,154			$	3,202			$	347			$	1,839			$	883			$	7,425
Loans:
Ending balance:
individually evaluated for impairment		$	50			$	1,578			$	-			$	1,919			$	248			$	3,795
Ending balance:
collectively evaluated for impairment		$	108,702			$	282,506			$	52,475			$	140,533			$	56,087			$	640,303

		Commercial				Commercial RE &				Agricultural				Residential				Consumer
($’s in thousands)		& Industrial				Construction				& Farmland				Real Estate				& Other				Total
ALLOWANCE FOR LOAN AND LEASE LOSSES
For the Three Months Ended - September 30, 2016
Beginning balance		$	1,137			$	4,126			$	189			$	1,342			$	656			$	7,450
Charge Offs			(42	)			(30	)			-				-				(64	)		$	(136	)
Recoveries			1				-				1				1				3				6
Provision			155				(960	)			142				460				203				-
Ending Balance		$	1,251			$	3,136			$	332			$	1,803			$	798			$	7,320

		Commercial				Commercial RE &				Agricultural				Residential				Consumer
($’s in thousands)		& Industrial				Construction				& Farmland				Real Estate				& Other				Total
ALLOWANCE FOR LOAN AND LEASE LOSSES
For the Nine Months Ended - September 30, 2016
Beginning balance		$	914			$	3,886			$	204			$	1,312			$	674			$	6,990
Charge Offs			(134	)			(30	)			-				-				(68	)		$	(232	)
Recoveries			248				6				2				1				55				312
Provision			223				(726	)			126				490				137				250
Ending Balance		$	1,251			$	3,136			$	332			$	1,803			$	798			$	7,320

Summary of credit risk profile of the Company's loan portfolio based on rating category

September 30, 2017		Commercial				Commercial RE &				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				Construction				& Farmland				Real Estate				& Other				Total
1-2		$	174			$	20			$	9			$	119			$	1			$	323
3			26,784				93,510				8,213				106,590				55,709				290,806
4			76,211				223,403				42,809				32,957				2,175				377,555
Total Pass (1 - 4)			103,169				316,933				51,031				139,666				57,885				668,684
Special Mention (5)			505				1,108				109				-				66				1,788
Substandard (6)			7				677				-				1,885				219				2,788
Doubtful (7)			582				1,046				-				(255	)			(18	)			1,355
Loss (8)			-				-				-				-				-				-
Total Loans		$	104,263			$	319,764			$	51,140			$	141,296			$	58,152			$	674,615

December 31, 2016		Commercial				Commercial RE &				Agricultural				Residential				Consumer
($ in thousands)		& Industrial				Construction				& Farmland				Real Estate				& Other				Total
1-2		$	1,149			$	33			$	9			$	234			$	3			$	1,428
3			28,461				89,406				9,985				113,403				53,386				294,641
4			78,517				188,007				42,481				26,510				2,625				338,140
Total Pass (1 - 4)			108,127				277,446				52,475				140,147				56,014				634,209
Special Mention (5)			-				5,030				-				518				123				5,671
Substandard (6)			150				1,291				-				625				61				2,127
Doubtful (7)			475				317				-				1,162				137				2,091
Loss (8)			-				-				-				-				-				-
Total Loans		$	108,752			$	284,084			$	52,475			$	142,452			$	56,335			$	644,098

Summary of loan portfolio aging analysis

($ in thousands)		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
September 30, 2017		Past Due				Past Due				90 Days				Due				Current				Receivable
Commercial & Industrial		$	-			$	33			$	89			$	122			$	104,141			$	104,263
Commercial RE & Construction			68				251				778				1,097				318,667				319,764
Agricultural & Farmland			-				-				-				-				51,140				51,140
Residential Real Estate			345				343				144				832				140,464				141,296
Consumer & Other			178				87				77				342				57,810				58,152
Total Loans		$	591			$	714			$	1,088			$	2,393			$	672,222			$	674,615

($ in thousands)		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
December 31, 2016		Past Due				Past Due				90 Days				Due				Current				Receivable
Commercial & Industrial		$	35			$	50			$	104			$	189			$	108,563			$	108,752
Commercial RE & Construction			254				883				59				1,196				282,888				284,084
Agricultural & Farmland			-				-				-				-				52,475				52,475
Residential Real Estate			123				201				115				439				142,013				142,452
Consumer & Other			185				45				148				378				55,957				56,335
Total Loans		$	597			$	1,179			$	426			$	2,202			$	641,896			$	644,098

Summary of impaired loan activity

Nine Months Ended September 30, 2017			Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
($’s in thousands)			Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & Industrial		$	-			$	-			$	-			$	-			$	-
Commercial RE & Construction			705				731				-				757				29
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			454				497				-				539				20
Consumer & Other			114				114				-				130				7
All Impaired Loans < $100,000			97				97				-				97				-
With a specific allowance recorded:
Commercial & Industrial			-				-				-				-				-
Commercial RE & Construction			689				689				146				721				(2	)
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			554				554				116				631				20
Consumer & Other			87				87				5				95				4
Totals:
Commercial & Industrial		$	-			$	-			$	-			$	-			$	-
Commercial RE & Construction		$	1,394			$	1,420			$	146			$	1,478			$	27
Agricultural & Farmland		$	-			$	-			$	-			$	-			$	-
Residential Real Estate		$	1,008			$	1,051			$	116			$	1,170			$	40
Consumer & Other		$	201			$	201			$	5			$	225			$	11
All Impaired Loans < $100,000		$	97			$	97			$	-			$	97			$	-

Three Months Ended		Average Recorded				Interest Income
September 30, 2017		Investment				Recognized
($’s in thousands)
With no related allowance recorded:
Commercial & Industrial		$	-			$	-
Commercial RE & Construction			754				7
Agricultural & Farmland			-				-
Residential Real Estate			535				5
Consumer & Other			126				2
All Impaired Loans < $100,000			97				-
With a specific allowance recorded:
Commercial & Industrial			-				-
Commercial RE & Construction			689				-
Agricultural & Farmland			-				-
Residential Real Estate			625				7
Consumer & Other			92				1
Totals:
Commercial & Industrial		$	-			$	-
Commercial RE & Construction		$	1,443			$	7
Agricultural & Farmland		$	-			$	-
Residential Real Estate		$	1,160			$	12
Consumer & Other		$	218			$	3
All Impaired Loans < $100,000		$	97			$	-

Twelve Months Ended December 31, 2016			Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
($’s in thousands)			Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & Industrial		$	-			$	-			$	-			$	-			$	-
Commercial RE & Construction			637				637				-				655				24
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			1,248				1,290				-				1,470				70
Consumer & Other			129				129				-				151				11
All Impaired Loans < $100,000			452				452				-				452				-
With a specific allowance recorded:
Commercial & Industrial			50				50				50				50				3
Commercial RE & Construction			941				941				119				1,010				45
Agricultural & Farmland			-				-				-				-				-
Residential Real Estate			671				672				124				751				30
Consumer & Other			119				118				7				123				7
Totals:
Commercial & Industrial		$	50			$	50			$	50			$	50			$	3
Commercial RE & Construction		$	1,578			$	1,578			$	119			$	1,665			$	69
Agricultural & Farmland		$	-			$	-			$	-			$	-			$	-
Residential Real Estate		$	1,919			$	1,962			$	124			$	2,221			$	100
Consumer & Other		$	248			$	247			$	7			$	274			$	18
All Impaired Loans < $100,000		$	452			$	452			$	-			$	452			$	-

		Nine Months Ended								Three Months Ended
September 30, 2016		Average Recorded				Interest Income				Average Recorded				Interest Income
($’s in thousands)		Investment				Recognized				Investment				Recognized
Commercial & Industrial		$	-			$	-			$	-			$	-
Commercial RE & Construction			658				16				647				6
Agricultural & Farmland			-				-				-				-
Residential Real Estate			1,195				51				1,186				17
Consumer & Other			94				6				89				2
All Impaired Loans < $100,000			398				-				438				-
Commercial & Industrial			-				-				-				-
Commercial RE & Construction			1,404				-				1,404				-
Agricultural & Farmland			-				-				-				-
Residential Real Estate			957				29				945				10
Consumer & Other			272				11				267				2
Commercial & Industrial		$	-			$	-			$	-			$	-
Commercial RE & Construction		$	2,062			$	16			$	2,051			$	6
Agricultural & Farmland		$	-			$	-			$	-			$	-
Residential Real Estate		$	2,152			$	80			$	2,131			$	27
Consumer & Other		$	366			$	17			$	356			$	4
All Impaired Loans < $100,000		$	398			$	-			$	438			$	-

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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
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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
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-Publisher FASB
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-Topic 310
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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

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-Name Accounting Standards Codification
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