$BOTJ
BANK OF THE JAMES FINANCIAL GROUP INC

2019 Q1 Form 10-Q Financial Statement

#000119312519143922 Filed on May 10, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $7.234M $6.155M
YoY Change 17.53%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $377.0K $213.0K
YoY Change 77.0% 12.11%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.104M $824.0K
YoY Change 33.98%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.540M $1.398M
YoY Change 10.16% 27.09%
Income Tax $306.0K $275.0K
% Of Pretax Income 19.87% 19.67%
Net Earnings $1.234M $1.123M
YoY Change 9.88% 47.76%
Net Earnings / Revenue 17.06% 18.25%
Basic Earnings Per Share $0.28 $0.26
Diluted Earnings Per Share $0.28 $0.26
COMMON SHARES
Basic Shares Outstanding 4.378M 4.378M
Diluted Shares Outstanding 4.381M 4.379M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $48.74M $55.29M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $14.47M $12.10M
YoY Change 19.61% 8.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.500M $1.600M
YoY Change -6.25% -27.27%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $684.4M $653.6M
YoY Change 4.7% 13.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $100.0K
YoY Change 100.0% 0.0%
Accrued Expenses $2.900M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.100M $100.0K
YoY Change 3000.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $5.000M $5.000M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $2.500M $2.300M
YoY Change 8.7% 15.0%
Total Long-Term Liabilities $7.500M $7.300M
YoY Change 2.74% 4.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.100M $100.0K
Total Long-Term Liabilities $7.500M $7.300M
Total Liabilities $627.2M $602.0M
YoY Change 4.19% 13.97%
SHAREHOLDERS EQUITY
Retained Earnings $17.49M
YoY Change
Common Stock $40.89M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $57.15M $51.68M
YoY Change
Total Liabilities & Shareholders Equity $684.4M $653.6M
YoY Change 4.71% 13.0%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $1.234M $1.123M
YoY Change 9.88% 47.76%
Depreciation, Depletion And Amortization $377.0K $213.0K
YoY Change 77.0% 12.11%
Cash From Operating Activities $313.0K $1.007M
YoY Change -68.92% -73.29%
INVESTING ACTIVITIES
Capital Expenditures $1.286M $267.0K
YoY Change 381.65% -155.63%
Acquisitions
YoY Change
Other Investing Activities -$5.660M -$9.230M
YoY Change -38.68% -3.15%
Cash From Investing Activities -$6.946M -$9.497M
YoY Change -26.86% -5.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.438M 26.76M
YoY Change -83.42% 848.94%
NET CHANGE
Cash From Operating Activities 313.0K 1.007M
Cash From Investing Activities -6.946M -9.497M
Cash From Financing Activities 4.438M 26.76M
Net Change In Cash -2.195M 18.27M
YoY Change -112.01% -634.21%
FREE CASH FLOW
Cash From Operating Activities $313.0K $1.007M
Capital Expenditures $1.286M $267.0K
Free Cash Flow -$973.0K $740.0K
YoY Change -231.49% -82.59%

Facts In Submission

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CY2019Q1 us-gaap Basis Of Accounting
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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">Note 1 &#x2013;</font><font style="display: inline;font-weight:bold;"> Basis of Presentation</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">The unaudited consolidated financial statements have been prepared by Bank of the James Financial Group, Inc. (&#x201C;Financial&#x201D; or the &#x201C;Company&#x201D;) pursuant to the rules and regulations of the Securities and Exchange Commission. In management&#x2019;s opinion the accompanying financial statements, which unless otherwise noted are unaudited, reflect all adjustments, consisting solely of normal recurring accruals, necessary for a fair presentation of the financial information as of March 31, 2019 and for the three months ended March 31, 2019 and 2018 in conformity with accounting principles generally accepted in the United States of America.&nbsp;&nbsp;Additional information concerning the organization and business of Financial, accounting policies followed, and other related information is contained in Financial&#x2019;s Annual Report on Form 10-K for the year ended December 31, 2018.&nbsp;&nbsp;These financial statements should be read in conjunction with the audited consolidated financial statements and footnotes for the year ended December 31, 2018 included in Financial&#x2019;s Annual Report on Form 10-K.&nbsp;&nbsp;Results for the three-month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019.</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">Certain immaterial reclassifications have been made to prior period balances to conform to the current period presentation.&nbsp;&nbsp;Reclassifications had no effect on prior year net income or stockholders&#x2019; equity.</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">The Company&#x2019;s primary market area consists of the area commonly referred to as Region 2000 which encompasses the </font><font style="display: inline;">seven</font><font style="display: inline;"> jurisdictions of the Town of Altavista, Amherst County, Appomattox County, the Town of Bedford, Bedford County, Campbell County, and the City of Lynchburg.&nbsp;&nbsp;Recently, the Company has expanded into Charlottesville, Roanoke, and Harrisonburg.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">Financial&#x2019;s critical accounting policies include the evaluation of the allowance for loan losses which is based on management&#x2019;s estimate of an amount that is adequate to absorb probable losses inherent in the loan portfolio of Bank of the James (the &#x201C;Bank&#x201D;), Financial&#x2019;s wholly-owned subsidiary. The allowance for loan losses is established through a provision for loan losses based on available information including the composition of the loan portfolio, historical loan losses, specific impaired loans, availability and quality of collateral, age of the various portfolios, changes in local economic conditions, and loan performance and quality of the portfolio. Different assumptions used in evaluating the adequacy of the Bank&#x2019;s allowance for loan losses could result in material changes in Financial&#x2019;s financial condition and results of operations. The Bank&#x2019;s policy with respect to the methodology for determining the allowance for loan losses involves a higher degree of complexity and requires management to make subjective judgments that often require assumptions or estimates about uncertain matters. This critical policy and its assumptions are periodically reviewed with the Board of Directors.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">Financial also considers valuation of other real estate owned (OREO) a critical accounting policy.&nbsp; </font><font style="display: inline;">OREO consists of properties acquired through foreclosure or deed in lieu of foreclosure.&nbsp;&nbsp;These properties are carried at fair value less estimated costs to sell at the date of foreclosure.&nbsp;&nbsp;Losses from the acquisition of property in full or partial satisfaction of loans are charged against the allowance for loan losses.&nbsp;&nbsp;Subsequent write-downs, if any, are charged against expense.&nbsp;&nbsp;Gains and losses on the sales of foreclosed properties are included in determining net income in the year of the sale.&nbsp;&nbsp;Operating costs after acquisition are expensed. </font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div>
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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">Note 11 &#x2013; Recent</font><font style="display: inline;font-weight:bold;"> accounting pronouncements</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">In June 2016, the FASB issued ASU No. 2016-13, &#x201C;Financial Instruments &#x2013; Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.&#x201D;&nbsp;&nbsp;The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company is currently assessing the impact that ASU 2016-13 will have on its consolidated financial statements The Company has been in discussions with its core processor to coordinate its plans for implementation and has </font><font style="display: inline;">contracted with an additional vendor to begin implementation.</font><font style="display: inline;"> &nbsp;It is too early to determine the impact of ASU 2016-13. Management anticipates that it will be able to test a preliminary version of the model that the Company believes will comply with ASU 2016-13 in the third quarter of 2019.&nbsp; </font> </p> <p style="margin:0pt;line-height:115%;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-weight:bold;">&#xFEFF;</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">In August 2018, the FASB issued ASU 2018-13, &#x201C;Fair Value Measurement (Topic 820): Disclosure Framework&#x2014;Changes to the Disclosure Requirements for Fair Value Measurement.&#x201D;&nbsp;&nbsp;The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years.&nbsp;&nbsp;Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Early adoption is permitted.&nbsp;&nbsp;The Company does not expect the adoption of ASU 2018-13 to have a material impact on its consolidated financial statements.</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;">&#xFEFF;</font> </p> <p><font size="1"> </font></p> </div> </div>
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FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
166000
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
177000
CY2018 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-39000
CY2019Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
7318000
CY2018Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
238000
CY2019Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
166000
CY2019Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-13000
CY2018Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
3700000
CY2019Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
3697000
CY2018Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
3515000
CY2018Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
7355000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
15000
CY2018 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1064000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
133000
CY2018Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
528017000
CY2019Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
533314000
CY2018Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
6580000
CY2019Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
7318000
CY2018Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2019Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2018Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2019Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2018Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
CY2019Q1 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
CY2018Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
531099000
CY2019Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
536815000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2939000
CY2019Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3622000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
3498000
CY2019Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
3817000
CY2018Q1 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
40000
CY2019Q1 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
139000
CY2018Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
620000
CY2019Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
691000
CY2018Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
5000
CY2019Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
3640000
CY2018 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7138000
CY2019Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
6950000
CY2018 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
324000
CY2019Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
96000
CY2018Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
6580000
CY2019Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
8127000
CY2018Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
34000
CY2019Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
115000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1398000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1540000
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
275000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
306000
CY2018Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
1102000
CY2019Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
797000
CY2018Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
114000
CY2019Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
204000
CY2018Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
17023000
CY2019Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
4701000
CY2018Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-354000
CY2019Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-305000
CY2018Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-3000
CY2019Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
27000
CY2018Q1 us-gaap Increase Decrease In Loans From Other Federal Home Loan Banks
IncreaseDecreaseInLoansFromOtherFederalHomeLoanBanks
10000000
CY2018Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
78000
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-135000
CY2018Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
264000
CY2019Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-261000
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
90
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2523
CY2018Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6155000
CY2019Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7234000
CY2018Q1 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
23000
CY2019Q1 us-gaap Interest And Dividend Income Securities Other
InterestAndDividendIncomeSecuritiesOther
23000
CY2018Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5674000
CY2019Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
6654000
CY2018Q1 us-gaap Interest Expense
InterestExpense
824000
CY2019Q1 us-gaap Interest Expense
InterestExpense
1104000
CY2018Q1 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
1000
CY2018Q1 us-gaap Interest Expense Medium Term Notes
InterestExpenseMediumTermNotes
50000
CY2019Q1 us-gaap Interest Expense Medium Term Notes
InterestExpenseMediumTermNotes
50000
CY2018Q1 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
192000
CY2019Q1 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
306000
CY2018Q1 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
581000
CY2019Q1 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
748000
CY2018Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
35000
CY2019Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
91000
CY2018Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5309000
CY2019Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
5920000
CY2018Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5331000
CY2019Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6130000
CY2018Q1 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
67000
CY2019Q1 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
121000
CY2018Q1 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
68000
CY2019Q1 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
61000
CY2018Q1 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
198000
CY2019Q1 us-gaap Interest Income Securities Other Us Government
InterestIncomeSecuritiesOtherUSGovernment
185000
CY2018Q1 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
79000
CY2019Q1 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
78000
CY2018Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3000
CY2019Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3000
CY2018Q1 us-gaap Interest Paid Net
InterestPaidNet
827000
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
1077000
CY2018Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
127000
CY2019Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
154000
CY2018Q4 us-gaap Interest Receivable
InterestReceivable
1742000
CY2019Q1 us-gaap Interest Receivable
InterestReceivable
1946000
CY2018Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2713000
CY2019Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2928000
CY2019Q1 us-gaap Lease Cost
LeaseCost
161000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3436000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1352000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
346000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
344000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
346000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
418000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
381000
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
580000
CY2018Q4 us-gaap Liabilities
Liabilities
619754000
CY2019Q1 us-gaap Liabilities
Liabilities
627211000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
674897000
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
684388000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4581000
CY2019Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
4673000
CY2018Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
92877000
CY2019Q1 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
99327000
CY2018Q4 us-gaap Loans And Leases Receivable Consumer Other
LoansAndLeasesReceivableConsumerOther
66358000
CY2019Q1 us-gaap Loans And Leases Receivable Consumer Other
LoansAndLeasesReceivableConsumerOther
66052000
CY2018Q4 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
86191000
CY2019Q1 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
85289000
CY2018Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
457000
CY2019Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
454000
CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
534597000
CY2019Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
540632000
CY2018Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
530016000
CY2019Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
535959000
CY2018Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
1670000
CY2019Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
2604000
CY2018Q4 us-gaap Other Liabilities
OtherLiabilities
2584000
CY2019Q1 us-gaap Other Liabilities
OtherLiabilities
5313000
CY2019Q1 us-gaap Notes Payable
NotesPayable
5000000
CY2018Q4 us-gaap Notes Receivable Net
NotesReceivableNet
534597000
CY2018Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
240000
CY2019Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
310000
CY2018Q4 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
289171000
CY2019Q1 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
289964000
CY2018Q1 us-gaap Marketing Expense
MarketingExpense
140000
CY2019Q1 us-gaap Marketing Expense
MarketingExpense
145000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26760000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4438000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9497000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6946000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1007000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
923000
CY2018Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
91356000
CY2019Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
93624000
CY2018Q1 us-gaap Noninterest Expense
NoninterestExpense
5097000
CY2019Q1 us-gaap Noninterest Expense
NoninterestExpense
5599000
CY2018Q1 us-gaap Noninterest Income
NoninterestIncome
1186000
CY2019Q1 us-gaap Noninterest Income
NoninterestIncome
1219000
CY2018Q1 us-gaap Noninterest Income Other
NoninterestIncomeOther
17000
CY2019Q1 us-gaap Noninterest Income Other
NoninterestIncomeOther
6000
CY2018Q4 us-gaap Notes Payable
NotesPayable
5000000
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2018Q1 us-gaap Occupancy Net
OccupancyNet
395000
CY2019Q1 us-gaap Occupancy Net
OccupancyNet
421000
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
161000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2856000
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
156000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2852000
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0308
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2018Q4 us-gaap Other Assets
OtherAssets
1183000
CY2019Q1 us-gaap Other Assets
OtherAssets
4038000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-850000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1036000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-1076000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
1311000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-226000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
275000
CY2018Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
25149000
CY2019Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
20671000
CY2018Q1 us-gaap Payments For Proceeds From Federal Reserve Bank Stock
PaymentsForProceedsFromFederalReserveBankStock
382000
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
263000
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
263000
CY2018Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
998000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
267000
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1286000
CY2018 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
CY2019Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
502000
CY2019Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
444000
CY2018Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
2000000
CY2018 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
846000
CY2019Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
349000
CY2018Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
24947000
CY2019Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
20428000
CY2018Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
525000
CY2019Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
349000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13426000
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14473000
CY2018Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
22000
CY2018 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
716000
CY2019Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
210000
CY2017Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
2650000
CY2018Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
2430000
CY2019Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
2253000
CY2018 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
185000
CY2019Q1 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
115000
CY2018Q4 us-gaap Restricted Investments
RestrictedInvestments
1462000
CY2019Q1 us-gaap Restricted Investments
RestrictedInvestments
1462000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
16521000
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
17492000
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
464000
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
439000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2990000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
27000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
51665000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
51675000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
55143000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
57177000
CY2018Q1 us-gaap Supplies Expense
SuppliesExpense
149000
CY2019Q1 us-gaap Supplies Expense
SuppliesExpense
162000
CY2018Q4 us-gaap Time Deposits
TimeDeposits
189389000
CY2019Q1 us-gaap Time Deposits
TimeDeposits
191272000
CY2018 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
850000
CY2019Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
300000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4378526
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4380959
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4378436
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4378436

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