| Receivables [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Receivables [Abstract] | |
Composition of the Loan Portfolio |
The following represents the composition of the loan portfolio for the period ending:
|
|
(Amounts in thousands) |
|
|
|
December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
|
Balance |
|
|
% |
|
|
Balance |
|
|
% |
|
|
Commercial |
$ |
96,281 |
|
|
|
22.9 |
|
|
$ |
84,613 |
|
|
|
21.5 |
|
|
Commercial real estate |
|
238,692 |
|
|
|
56.9 |
|
|
|
237,137 |
|
|
|
60.1 |
|
|
Residential real estate |
|
57,008 |
|
|
|
13.6 |
|
|
|
45,414 |
|
|
|
11.5 |
|
|
Consumer - home equity |
|
25,061 |
|
|
|
6.0 |
|
|
|
23,334 |
|
|
|
5.9 |
|
|
Consumer - other |
|
2,726 |
|
|
|
0.6 |
|
|
|
3,756 |
|
|
|
1.0 |
|
|
Total loans |
$ |
419,768 |
|
|
|
|
|
|
$ |
394,254 |
|
|
|
|
|
|
Certain Qualitative Factors Considered in Measuring Risk Trends |
These factors include, but are not limited to, the following:
|
Factor Considered: |
|
Risk Trend: |
|
Levels of and trends in charge-offs, classifications and non-accruals |
|
Stable |
|
Trends in volume and terms |
|
Stable |
|
Changes in lending policies and procedures |
|
Stable |
|
Experience, depth and ability of management, including loan review function |
|
Increasing |
|
Economic trends, including valuation of underlying collateral |
|
Stable |
|
Concentrations of credit |
|
Stable |
|
Factors Analyzed and Applied to Loans Internally Graded with Higher Credit Risk |
The following factors are analyzed and applied to loans internally graded with higher risk credit in addition to the above factors for non-classified loans:
|
Factor Considered: |
|
Risk Trend: |
|
Levels and trends in classification |
|
Increasing |
|
Declining trends in financial performance |
|
Stable |
|
Structure and lack of performance measures |
|
Stable |
|
Migration between risk categories |
|
Stable |
|
Analysis of Changes in the Allowance for Loan Losses |
The following is an analysis of changes in the allowance for loan losses for the periods ended:
|
|
(Amounts in thousands) |
|
|
December 31, 2016 |
Commercial |
|
|
Commercial real estate |
|
|
Residential real estate |
|
|
Consumer - home equity |
|
|
Consumer - other |
|
|
Total |
|
|
Balance at beginning of period |
$ |
1,977 |
|
|
$ |
2,926 |
|
|
$ |
153 |
|
|
$ |
52 |
|
|
$ |
86 |
|
|
$ |
5,194 |
|
|
Loan charge-offs |
|
— |
|
|
|
(287 |
) |
|
|
(35 |
) |
|
|
(144 |
) |
|
|
(148 |
) |
|
|
(614 |
) |
|
Recoveries |
|
117 |
|
|
|
35 |
|
|
|
2 |
|
|
|
23 |
|
|
|
61 |
|
|
|
238 |
|
|
Net loan recoveries (charge-offs) |
|
117 |
|
|
|
(252 |
) |
|
|
(33 |
) |
|
|
(121 |
) |
|
|
(87 |
) |
|
|
(376 |
) |
|
Provision charged to operations |
|
(700 |
) |
|
|
398 |
|
|
|
43 |
|
|
|
219 |
|
|
|
90 |
|
|
|
50 |
|
|
Balance at end of period |
$ |
1,394 |
|
|
$ |
3,072 |
|
|
$ |
163 |
|
|
$ |
150 |
|
|
$ |
89 |
|
|
$ |
4,868 |
|
|
|
(Amounts in thousands) |
|
|
December 31, 2015 |
Commercial |
|
|
Commercial real estate |
|
|
Residential real estate |
|
|
Consumer - home equity |
|
|
Consumer - other |
|
|
Total |
|
|
Balance at beginning of period |
$ |
2,064 |
|
|
$ |
2,754 |
|
|
$ |
229 |
|
|
$ |
60 |
|
|
$ |
95 |
|
|
$ |
5,202 |
|
|
Loan charge-offs |
|
(470 |
) |
|
|
(84 |
) |
|
|
(45 |
) |
|
|
— |
|
|
|
(124 |
) |
|
|
(723 |
) |
|
Recoveries |
|
134 |
|
|
|
10 |
|
|
|
37 |
|
|
|
17 |
|
|
|
62 |
|
|
|
260 |
|
|
Net loan recoveries (charge-offs) |
|
(336 |
) |
|
|
(74 |
) |
|
|
(8 |
) |
|
|
17 |
|
|
|
(62 |
) |
|
|
(463 |
) |
|
Provision charged to operations |
|
249 |
|
|
|
246 |
|
|
|
(68 |
) |
|
|
(25 |
) |
|
|
53 |
|
|
|
455 |
|
|
Balance at end of period |
$ |
1,977 |
|
|
$ |
2,926 |
|
|
$ |
153 |
|
|
$ |
52 |
|
|
$ |
86 |
|
|
$ |
5,194 |
|
|
|
(Amounts in thousands) |
|
|
December 31, 2014 |
Commercial |
|
|
Commercial real estate |
|
|
Residential real estate |
|
|
Consumer - home equity |
|
|
Consumer - other |
|
|
Total |
|
|
Balance at beginning of period |
$ |
593 |
|
|
$ |
2,638 |
|
|
$ |
356 |
|
|
$ |
88 |
|
|
$ |
89 |
|
|
$ |
3,764 |
|
|
Loan charge-offs |
|
(123 |
) |
|
|
(186 |
) |
|
|
(93 |
) |
|
|
(48 |
) |
|
|
(144 |
) |
|
|
(594 |
) |
|
Recoveries |
|
274 |
|
|
|
3 |
|
|
|
16 |
|
|
|
24 |
|
|
|
77 |
|
|
|
394 |
|
|
Net loan recoveries (charge-offs) |
|
151 |
|
|
|
(183 |
) |
|
|
(77 |
) |
|
|
(24 |
) |
|
|
(67 |
) |
|
|
(200 |
) |
|
Provision charged to operations |
|
1,320 |
|
|
|
299 |
|
|
|
(50 |
) |
|
|
(4 |
) |
|
|
73 |
|
|
|
1,638 |
|
|
Balance at end of period |
$ |
2,064 |
|
|
$ |
2,754 |
|
|
$ |
229 |
|
|
$ |
60 |
|
|
$ |
95 |
|
|
$ |
5,202 |
|
|
Allowance for Loan Losses and the Recorded Investment in Loans |
The following tables present a full breakdown by portfolio classification, the changes in the allowance for loan losses and the recorded investment in loans for the periods ended December 31, 2016 and 2015:
|
|
(Amounts in thousands) |
|
|
December 31, 2016 |
Commercial |
|
|
Commercial real estate |
|
|
Residential real estate |
|
|
Consumer - home equity |
|
|
Consumer - other |
|
|
Total |
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balance attributable to loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
$ |
— |
|
|
$ |
178 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
178 |
|
|
Collectively evaluated for impairment |
|
1,394 |
|
|
|
2,894 |
|
|
|
163 |
|
|
|
150 |
|
|
|
89 |
|
|
|
4,690 |
|
|
Total ending allowance balance |
$ |
1,394 |
|
|
$ |
3,072 |
|
|
$ |
163 |
|
|
$ |
150 |
|
|
$ |
89 |
|
|
$ |
4,868 |
|
|
Loan Portfolio: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
$ |
106 |
|
|
$ |
6,860 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
6,966 |
|
|
Collectively evaluated for impairment |
|
96,175 |
|
|
|
231,832 |
|
|
|
57,008 |
|
|
|
25,061 |
|
|
|
2,726 |
|
|
|
412,802 |
|
|
Total ending loan balance |
$ |
96,281 |
|
|
$ |
238,692 |
|
|
$ |
57,008 |
|
|
$ |
25,061 |
|
|
$ |
2,726 |
|
|
$ |
419,768 |
|
|
|
(Amounts in thousands) |
|
|
December 31, 2015 |
Commercial |
|
|
Commercial real estate |
|
|
Residential real estate |
|
|
Consumer - home equity |
|
|
Consumer - other |
|
|
Total |
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balance attributable to loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
$ |
834 |
|
|
$ |
178 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,012 |
|
|
Collectively evaluated for impairment |
|
1,143 |
|
|
|
2,748 |
|
|
|
153 |
|
|
|
52 |
|
|
|
86 |
|
|
|
4,182 |
|
|
Total ending allowance balance |
$ |
1,977 |
|
|
$ |
2,926 |
|
|
$ |
153 |
|
|
$ |
52 |
|
|
$ |
86 |
|
|
$ |
5,194 |
|
|
Loan Portfolio: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
$ |
1,347 |
|
|
$ |
8,465 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
9,812 |
|
|
Collectively evaluated for impairment |
|
83,266 |
|
|
|
228,672 |
|
|
|
45,414 |
|
|
|
23,334 |
|
|
|
3,756 |
|
|
|
384,442 |
|
|
Total ending loan balance |
$ |
84,613 |
|
|
$ |
237,137 |
|
|
$ |
45,414 |
|
|
$ |
23,334 |
|
|
$ |
3,756 |
|
|
$ |
394,254 |
|
|
Summary of Credit Quality Indicators by Internally Assigned Grade |
The following is a summary of credit quality indicators by internally assigned grade as of December 31, 2016 and 2015.
|
|
(Amounts in thousands) |
|
|
|
Commercial |
|
|
Commercial real estate |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
Pass |
$ |
80,644 |
|
|
$ |
208,337 |
|
|
Special Mention |
|
12,836 |
|
|
|
22,633 |
|
|
Substandard |
|
2,801 |
|
|
|
7,722 |
|
|
Doubtful |
|
— |
|
|
|
— |
|
|
Ending Balance |
$ |
96,281 |
|
|
$ |
238,692 |
|
|
|
(Amounts in thousands) |
|
|
|
Commercial |
|
|
Commercial real estate |
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
Pass |
$ |
77,095 |
|
|
$ |
219,958 |
|
|
Special Mention |
|
4,216 |
|
|
|
7,707 |
|
|
Substandard |
|
3,302 |
|
|
|
9,472 |
|
|
Doubtful |
|
— |
|
|
|
— |
|
|
Ending Balance |
$ |
84,613 |
|
|
$ |
237,137 |
|
|
Summary of Consumer Credit Exposure |
The following is a summary of consumer credit exposure as of December 31, 2016 and 2015.
|
|
(Amounts in thousands) |
|
|
|
Residential real estate |
|
|
Consumer - home equity |
|
|
Consumer- other |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
$ |
55,743 |
|
|
$ |
25,006 |
|
|
$ |
2,726 |
|
|
Nonperforming |
|
1,265 |
|
|
|
55 |
|
|
|
— |
|
|
Total |
$ |
57,008 |
|
|
$ |
25,061 |
|
|
$ |
2,726 |
|
|
|
(Amounts in thousands) |
|
|
|
Residential real estate |
|
|
Consumer - home equity |
|
|
Consumer- other |
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
$ |
44,162 |
|
|
$ |
23,072 |
|
|
$ |
3,756 |
|
|
Nonperforming |
|
1,252 |
|
|
|
262 |
|
|
|
— |
|
|
Total |
$ |
45,414 |
|
|
$ |
23,334 |
|
|
$ |
3,756 |
|
|
Summary of Classes of Loans on Non-Accrual Status |
The following is a summary of classes of loans on non-accrual status as of:
|
|
(Amounts in thousands) |
|
|
|
December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
Commercial |
$ |
— |
|
|
$ |
1,196 |
|
|
Commercial real estate |
|
1,458 |
|
|
|
2,176 |
|
|
Residential real estate |
|
1,265 |
|
|
|
1,252 |
|
|
Consumer: |
|
|
|
|
|
|
|
|
Consumer - home equity |
|
55 |
|
|
|
262 |
|
|
Consumer - other |
|
— |
|
|
|
— |
|
|
Total |
$ |
2,778 |
|
|
$ |
4,886 |
|
|
Information Related to Loans Modified in a TDR |
The following presents, by class, information related to loans modified in a TDR during the periods ended:
|
|
(Dollar amounts in thousands) |
|
|
|
December 31, 2015 |
|
|
|
Number of contracts |
|
|
Pre-modification recorded investment |
|
|
Post-modification recorded investment |
|
|
Increase in the allowance |
|
|
Commercial real estate |
|
2 |
|
|
$ |
3,154 |
|
|
$ |
3,154 |
|
|
$ |
— |
|
|
Subsequently defaulted |
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
Aging Analysis of the Recorded Investment of Past Due Loans |
The following is an aging analysis of the recorded investment of past due loans as of the periods ended December 31, 2016 and 2015:
|
|
(Amounts in thousands) |
|
|
|
30-59 Days Past Due |
|
|
60-89 Days Past Due |
|
|
90 Days Or Greater |
|
|
Total Past Due |
|
|
Current |
|
|
Total Loans |
|
|
Recorded Investment > 90 Days and Accruing |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
$ |
377 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
377 |
|
|
$ |
95,904 |
|
|
$ |
96,281 |
|
|
$ |
— |
|
|
Commercial real estate |
|
1,189 |
|
|
|
83 |
|
|
|
1,347 |
|
|
|
2,619 |
|
|
|
236,073 |
|
|
|
238,692 |
|
|
|
— |
|
|
Residential real estate |
|
58 |
|
|
|
9 |
|
|
|
1,184 |
|
|
|
1,251 |
|
|
|
55,757 |
|
|
|
57,008 |
|
|
|
— |
|
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer - home equity |
|
— |
|
|
|
46 |
|
|
|
55 |
|
|
|
101 |
|
|
|
24,960 |
|
|
|
25,061 |
|
|
|
— |
|
|
Consumer - other |
|
13 |
|
|
|
— |
|
|
|
— |
|
|
|
13 |
|
|
|
2,713 |
|
|
|
2,726 |
|
|
|
— |
|
|
Total |
$ |
1,637 |
|
|
$ |
138 |
|
|
$ |
2,586 |
|
|
$ |
4,361 |
|
|
$ |
415,407 |
|
|
$ |
419,768 |
|
|
$ |
— |
|
|
|
(Amounts in thousands) |
|
|
|
30-59 Days Past Due |
|
|
60-89 Days Past Due |
|
|
90 Days Or Greater |
|
|
Total Past Due |
|
|
Current |
|
|
Total Loans |
|
|
Recorded Investment > 90 Days and Accruing |
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
$ |
178 |
|
|
$ |
— |
|
|
$ |
1,196 |
|
|
$ |
1,374 |
|
|
$ |
83,239 |
|
|
$ |
84,613 |
|
|
$ |
— |
|
|
Commercial real estate |
|
248 |
|
|
|
1,480 |
|
|
|
2,055 |
|
|
|
3,783 |
|
|
|
233,354 |
|
|
|
237,137 |
|
|
|
— |
|
|
Residential real estate |
|
163 |
|
|
|
131 |
|
|
|
1,240 |
|
|
|
1,534 |
|
|
|
43,880 |
|
|
|
45,414 |
|
|
|
— |
|
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer - home equity |
|
29 |
|
|
|
117 |
|
|
|
262 |
|
|
|
408 |
|
|
|
22,926 |
|
|
|
23,334 |
|
|
|
— |
|
|
Consumer - other |
|
10 |
|
|
|
— |
|
|
|
— |
|
|
|
10 |
|
|
|
3,746 |
|
|
|
3,756 |
|
|
|
— |
|
|
Total |
$ |
628 |
|
|
$ |
1,728 |
|
|
$ |
4,753 |
|
|
$ |
7,109 |
|
|
$ |
387,145 |
|
|
$ |
394,254 |
|
|
$ |
— |
|
|
Recorded Investment, Unpaid Principal Balances, Average Recorded Investments and Interest Recognized on Impaired Loans, Excluding Homogenous Loans for Which Impaired Analyses are Not Necessarily Performed |
The following table presents the recorded investment and unpaid principal balances for impaired loans, excluding homogenous loans for which impaired analyses are not necessarily performed, with the associated allowance amount, if applicable, at December 31, 2016 and 2015. Also presented are the average recorded investments in the impaired balances and interest income recognized after impairment for the years ended December 31, 2016, 2015 and 2014.
|
|
(Amounts in thousands) |
|
|
|
Recorded Investment |
|
|
Unpaid Principal Balance |
|
|
Related Allowance |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
$ |
106 |
|
|
$ |
106 |
|
|
$ |
— |
|
|
Commercial real estate |
|
5,681 |
|
|
|
5,789 |
|
|
|
— |
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial real estate |
|
1,179 |
|
|
|
1,179 |
|
|
|
178 |
|
|
Total: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
$ |
106 |
|
|
$ |
106 |
|
|
$ |
— |
|
|
Commercial real estate |
$ |
6,860 |
|
|
$ |
6,968 |
|
|
$ |
178 |
|
|
|
(Amounts in thousands) |
|
|
|
Recorded Investment |
|
|
Unpaid Principal Balance |
|
|
Related Allowance |
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
$ |
232 |
|
|
$ |
264 |
|
|
$ |
— |
|
|
Commercial real estate |
|
7,222 |
|
|
|
7,424 |
|
|
|
— |
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
1,115 |
|
|
|
1,552 |
|
|
|
834 |
|
|
Commercial real estate |
|
1,243 |
|
|
|
1,243 |
|
|
|
178 |
|
|
Total: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
$ |
1,347 |
|
|
$ |
1,816 |
|
|
$ |
834 |
|
|
Commercial real estate |
$ |
8,465 |
|
|
$ |
8,667 |
|
|
$ |
178 |
|
|
|
(Amounts in thousands) |
|
|
|
Average Recorded Investment |
|
|
Interest Income Recognized |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
Commercial |
$ |
146 |
|
|
$ |
8 |
|
|
Commercial real estate |
|
6,072 |
|
|
|
335 |
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
Commercial |
|
279 |
|
|
|
— |
|
|
Commercial real estate |
|
1,209 |
|
|
|
85 |
|
|
Total: |
|
|
|
|
|
|
|
|
Commercial |
$ |
425 |
|
|
$ |
8 |
|
|
Commercial real estate |
$ |
7,281 |
|
|
$ |
420 |
|
|
|
(Amounts in thousands) |
|
|
|
Average Recorded Investment |
|
|
Interest Income Recognized |
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
Commercial |
$ |
322 |
|
|
$ |
13 |
|
|
Commercial real estate |
|
4,842 |
|
|
|
181 |
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
Commercial |
|
1,341 |
|
|
|
— |
|
|
Commercial real estate |
|
1,160 |
|
|
|
84 |
|
|
Total: |
|
|
|
|
|
|
|
|
Commercial |
$ |
1,663 |
|
|
$ |
13 |
|
|
Commercial real estate |
$ |
6,002 |
|
|
$ |
265 |
|
|
|
(Amounts in thousands) |
|
|
|
Average Recorded Investment |
|
|
Interest Income Recognized |
|
|
December 31, 2014 |
|
|
|
|
|
|
|
|
With no related allowance recorded: |
|
|
|
|
|
|
|
|
Commercial |
$ |
257 |
|
|
$ |
17 |
|
|
Commercial real estate |
|
4,069 |
|
|
|
158 |
|
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
Commercial |
|
311 |
|
|
|
— |
|
|
Commercial real estate |
|
1,430 |
|
|
|
73 |
|
|
Total: |
|
|
|
|
|
|
|
|
Commercial |
$ |
568 |
|
|
$ |
17 |
|
|
Commercial real estate |
$ |
5,499 |
|
|
$ |
231 |
|
|