FNCB Bancorp, Inc. - 10-K filing on 2017-03-10

Note 5 - Loans (Tables)

12 Months Ended

Dec. 31, 2016

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

	December 31,
(in thousands)	2016			2015
Residential real estate	$	144,260		$	130,696
Commercial real estate		243,830			245,198
Construction, land acquisition and development		18,357			30,843
Commercial and industrial		153,758			149,826
Consumer		127,844			128,533
State and political subdivisions		43,709			46,056
Total loans, gross		731,758			731,152
Unearned income		(48	)		(98	)
Net deferred loan costs		2,569			2,662
Allowance for loan and lease losses		(8,419	)		(8,790	)
Loans, net	$	725,860		$	724,926

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

Allowance for Loan and Lease Losses by Loan Category
December 31, 2016
	Real Estate
(in thousands)	Residential Real Estate			Commercial Real Estate			Construction, Land Acquisition and Development			Commercial and Industrial			Consumer			State and Political Subdivisions		Unallocated			Total
Allowance for loan losses:

Beginning balance, January 1, 2016	$	1,333		$	3,346		$	853		$	1,205		$	1,494		$	485	$	74		$	8,790
Charge-offs		(153	)		(398	)		-			(1,107	)		(960	)		-		-			(2,618	)
Recoveries		4			6			9			507			568			-		-			1,094
Provisions (credits)		(13	)		343			(594	)		1,131			355			5		(74	)		1,153
Ending balance, December 31, 2016	$	1,171		$	3,297		$	268		$	1,736		$	1,457		$	490	$	-		$	8,419

Ending balance, December 31, 2016:
Specific reserve	$	29		$	254		$	-		$	18		$	1		$	-	$	-		$	302

Ending balance, December 31, 2016:
General reserve	$	1,142		$	3,043		$	268		$	1,718		$	1,456		$	490	$	-		$	8,117

Loans receivable:

Ending balance, December 31, 2016	$	144,260		$	243,830		$	18,357		$	153,758		$	127,844		$	43,709	$	-		$	731,758

Ending balance, December 31, 2016:
Individually evaluated for impairment	$	1,929		$	2,937		$	350		$	91		$	297		$	-	$	-		$	5,604

Ending balance, December 31, 2016:
Collectively evaluated for impairment	$	142,331		$	240,893		$	18,007		$	153,667		$	127,547		$	43,709	$	-		$	726,154

Allowance for Loan and Lease Losses by Loan Category
December 31, 2015
	Real Estate
(in thousands)	Residential Real Estate			Commercial Real Estate			Construction, Land Acquisition and Development			Commercial and Industrial			Consumer			State and Political Subdivisions			Unallocated		Total
Allowance for loan losses:

Beginning balance, January 1, 2015	$	1,772		$	4,663		$	665		$	2,104		$	1,673		$	598		$	45	$	11,520
Charge-offs		(139	)		(912	)		(688	)		(180	)		(716	)		-			-		(2,635	)
Recoveries		58			307			-			400			485			-			-		1,250
Provisions (credits)		(358	)		(712	)		876			(1,119	)		52			(113	)		29		(1,345	)
Ending balance, December 31, 2015	$	1,333		$	3,346		$	853		$	1,205		$	1,494		$	485		$	74	$	8,790

Ending balance, December 31, 2015:
Specific reserve	$	92		$	287		$	1		$	-		$	1		$	-		$	-	$	381

Ending balance, December 31, 2015:
General reserve	$	1,241		$	3,059		$	852		$	1,205		$	1,493		$	485		$	74	$	8,409

Loans receivable:

Ending balance, December 31, 2015	$	130,696		$	245,198		$	30,843		$	149,826		$	128,533		$	46,056		$	-	$	731,152

Ending balance, December 31, 2015:
Individually evaluated for impairment	$	2,930		$	3,831		$	646		$	203		$	351		$	-		$	-	$	7,961

Ending balance, December 31, 2015:
Collectively evaluated for impairment	$	127,766		$	241,367		$	30,197		$	149,623		$	128,182		$	46,056		$	-	$	723,191

Allowance for Loan and Lease Losses by Loan Category
December 31, 2014
	Real Estate
(in thousands)	Residential Real Estate			Commercial Real Estate			Construction, Land Acquisition and Development			Commercial and Industrial			Consumer			State and Political Subdivisions			Unallocated		Total
Allowance for loan losses:

Beginning balance, January 1, 2014	$	2,287		$	6,017		$	924		$	2,321		$	1,789		$	679		$	-	$	14,017
Charge-offs		(204	)		-			(45	)		(217	)		(922	)		-			-		(1,388	)
Recoveries		90			362			3,538			262			508			-			-		4,760
Provisions (credits)		(401	)		(1,716	)		(3,752	)		(262	)		298			(81	)		45		(5,869	)
Ending balance, December 31, 2014	$	1,772		$	4,663		$	665		$	2,104		$	1,673		$	598		$	45	$	11,520

Ending balance, December 31, 2014:
Specific reserve	$	51		$	331		$	1		$	-		$	1		$	-		$	-	$	384

Ending balance, December 31, 2014:
General reserve	$	1,721		$	4,332		$	664		$	2,104		$	1,672		$	598		$	45	$	11,136

Loans receivable:

Ending balance, December 31, 2014	$	122,832		$	233,473		$	18,835		$	132,057		$	122,092		$	40,205		$	-	$	669,494

Ending balance, December 31, 2014:
Individually evaluated for impairment	$	2,487		$	6,660		$	256		$	32		$	361		$	-		$	-	$	9,796

Ending balance, December 31, 2014:
Collectively evaluated for impairment	$	120,345		$	226,813		$	18,579		$	132,025		$	121,731		$	40,205		$	-	$	659,698

Financing Receivable Credit Quality Indicators [Table Text Block]

Credit Quality Indicators
December 31, 2016
	Commercial Loans												Other Loans
			Special								Subtotal		Accruing		Non-accrual		Subtotal		Total
	Pass		Mention		Substandard		Doubtful		Loss		Commercial		Loans		Loans		Other		Loans
Residential real estate	$	25,506	$	394	$	466	$	-	$	-	$	26,366	$	117,286	$	608	$	117,894	$	144,260
Commercial real estate		233,523		4,911		5,396		-		-		243,830		-		-		-		243,830
Construction, land acquisition and development		14,101		346		448		-		-		14,895		3,462		-		3,462		18,357
Commercial and industrial		145,794		2,794		1,128		-		-		149,716		4,042		-		4,042		153,758
Consumer		2,699		-		37		-		-		2,736		124,935		173		125,108		127,844
State and political subdivisions		40,424		2,964		321		-		-		43,709		-		-		-		43,709
Total	$	462,047	$	11,409	$	7,796	$	-	$	-	$	481,252	$	249,725	$	781	$	250,506	$	731,758

Credit Quality Indicators
December 31, 2015
	Commercial Loans												Other Loans
			Special								Subtotal		Accruing		Non-accrual		Subtotal		Total
	Pass		Mention		Substandard		Doubtful		Loss		Commercial		Loans		Loans		Other		Loans
Residential real estate	$	21,018	$	449	$	984	$	-	$	-	$	22,451	$	107,204	$	1,041	$	108,245	$	130,696
Commercial real estate		225,850		11,356		7,992		-		-		245,198		-		-		-		245,198
Construction, land acquisition and development		23,946		358		5,137		-		-		29,441		1,402		-		1,402		30,843
Commercial and industrial		142,242		595		2,209		-		-		145,046		4,775		5		4,780		149,826
Consumer		2,747		9		39		-		-		2,795		125,392		346		125,738		128,533
State and political subdivisions		45,464		120		472		-		-		46,056		-		-		-		46,056
Total	$	461,267	$	12,887	$	16,833	$	-	$	-	$	490,987	$	238,773	$	1,392	$	240,165	$	731,152

Past Due Financing Receivables [Table Text Block]

	December 31, 2016
	Delinquency Status
	0-29 Days		30-59 Days		60-89 Days		>/= 90 Days
(in thousands)	Past Due		Past Due		Past Due		Past Due		Total
Performing (accruing) loans:
Real estate:
Residential real estate	$	143,142	$	229	$	107	$	-	$	143,478
Commercial real estate		241,477		830		553		-		242,860
Construction, land acquisition and development		17,766		346		-		-		18,112
Total real estate		402,385		1,405		660		-		404,450

Commercial and industrial		153,378		307		9		-		153,694

Consumer		126,341		1,030		300		-		127,671

State and political subdivisions		43,709		-		-		-		43,709
Total performing (accruing) loans		725,813		2,742		969		-		729,524

Non-accrual loans:
Real estate:
Residential real estate		176		202		17		387		782
Commercial real estate		201		23		-		746		970
Construction, land acquisition and development		-		245		-		-		245
Total real estate		377		470		17		1,133		1,997

Commercial and industrial		-		-		-		64		64

Consumer		56		25		2		90		173

State and political subdivisions		-		-		-		-		-
Total non-accrual loans		433		495		19		1,287		2,234

Total loans receivable	$	726,246	$	3,237	$	988	$	1,287	$	731,758

	December 31, 2015
	Delinquency Status
	0-29 Days		30-59 Days		60-89 Days		>/= 90 Days
(in thousands)	Past Due		Past Due		Past Due		Past Due		Total
Performing (accruing) loans:
Real estate:
Residential real estate	$	129,206	$	51	$	225	$	-	$	129,482
Commercial real estate		243,168		53		286		-		243,507
Construction, land acquisition and development		30,475		26		-		-		30,501
Total real estate		402,849		130		511		-		403,490

Commercial and industrial		149,329		236		66		-		149,631

Consumer		126,760		994		433		-		128,187

State and political subdivisions		46,056		-		-		-		46,056
Total peforming (accruing) loans		724,994		1,360		1,010		-		727,364

Non-accrual loans:
Real estate:
Residential real estate		923		99		44		148		1,214
Commercial real estate		1,576		-		115		-		1,691
Construction, land acquisition and development		342		-		-		-		342
Total real estate		2,841		99		159		148		3,247

Commercial and industrial		98		-		-		97		195

Consumer		69		21		3		253		346

State and political subdivisions		-		-		-		-		-
Total non-accrual loans		3,008		120		162		498		3,788

Total loans receivable	$	728,002	$	1,480	$	1,172	$	498	$	731,152

Impaired Financing Receivables [Table Text Block]

	December 31, 2016
(in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance
With no allowance recorded:
Real estate:
Residential real estate	$	386	$	477	$	-
Commercial real estate		1,066		1,143		-
Construction, land acquisition and development		350		766		-
Total real estate		1,802		2,386		-

Commercial and industrial		73		105		-

Consumer		-		-		-

State and political subdivisions		-		-		-
Total impaired loans with no related allowance recorded		1,875		2,491		-

With a related allowance recorded:
Real estate:
Residential real estate		1,543		1,543		29
Commercial real estate		1,871		1,871		254
Construction, land acquisition and development		-		-		-
Total real estate		3,414		3,414		283

Commercial and industrial		18		18		18

Consumer		297		297		1

State and political subdivisions		-		-		-
Total impaired loans with a related allowance recorded		3,729		3,729		302

Total of impaired loans
Real estate:
Residential real estate		1,929		2,020		29
Commercial real estate		2,937		3,014		254
Construction, land acquisition and development		350		766		-
Total real estate		5,216		5,800		283

Commercial and industrial		91		123		18

Consumer		297		297		1

State and political subdivisions		-		-		-
Total impaired loans	$	5,604	$	6,220	$	302

	December 31, 2015
(in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance
With no allowance recorded:
Real estate:
Residential real estate	$	1,042	$	1,138	$	-
Commercial real estate		1,850		2,868		-
Construction, land acquisition and development		470		844		-
Total real estate		3,362		4,850		-

Commercial and industrial		124		156		-

Consumer		-		-		-

State and political subdivisions		-		-		-
Total impaired loans with no related allowance recorded		3,486		5,006		-

With a related allowance recorded:
Real estate:
Residential real estate		1,888		1,888		92
Commercial real estate		1,981		1,981		287
Construction, land acquisition and development		176		176		1
Total real estate		4,045		4,045		380

Commercial and industrial		79		79		-

Consumer		351		351		1

State and political subdivisions		-		-		-
Total impaired loans with a related allowance recorded		4,475		4,475		381

Total of impaired loans
Real estate:
Residential real estate		2,930		3,026		92
Commercial real estate		3,831		4,849		287
Construction, land acquisition and development		646		1,020		1
Total real estate		7,407		8,895		380

Commercial and industrial		203		235		-

Consumer		351		351		1

State and political subdivisions		-		-		-
Total impaired loans	$	7,961	$	9,481	$	381

Schedule of Average Balance and Interest Income on Impaired Loans [Table Text Block]

	Year Ended December 31,
	2016				2015				2014
(in thousands)	Average Balance		Interest Income (1)		Average Balance		Interest Income (1)		Average Balance		Interest Income (1)
Real estate:
Residential real estate	$	2,428	$	91	$	3,157	$	121	$	2,226	$	91
Commercial real estate		3,489		92		6,830		106		6,616		118
Construction, land acquisition and development		428		7		570		18		284		15
Total real estate		6,345		190		10,557		245		9,126		224

Commercial and industrial		283		2		174		2		76		-

Consumer		300		10		356		11		343		11

State and political subdivisions		-		-		-		-		-		-

Total impaired loans	$	6,928	$	202	$	11,087	$	258	$	9,545	$	235

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	For the Year Ended December 31, 2016						For the Year Ended December 31, 2015
			Pre-Modification		Post-Modification				Pre-Modification		Post-Modification
	Number		Outstanding		Outstanding		Number		Outstanding		Outstanding
	of		Recorded		Recorded		of		Recorded		Recorded
(in thousands)	Contracts		Investments		Investments		Contracts		Investments		Investments
Troubled debt restructurings:
Residential real estate		2	$	254	$	258		5	$	810	$	827
Commercial real estate		-		-		-		1		1,654		742
Construction, land acquisition and development		-		-		-		1		96		96
Commercial and industrial		2		52		52		1		79		79
Consumer		-		-		-		-		-		-
State and political subdivisions		-		-		-		-		-		-
Total new troubled debt restructurings		4	$	306	$	310		8	$	2,639	$	1,744

Schedule of Types of Modifications of Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	For the Year Ended December 31, 2016
(in thousands)	Extension of Term		Extension of Term and Capitalization of Taxes		Principal Forbearance		Total Modifications
Type of modification:
Residential real estate	$	159	$	95	$	-	$	254
Commercial real estate		-		-		-		-
Construction, land acquisition and development		-		-		-		-
Commercial and industrial		52		-		-		52
Consumer		-		-		-		-
State and political subdivisions		-		-		-		-
Total modifications	$	211	$	95	$	-	$	306

	For the Year Ended December 31, 2015
(in thousands)	Extension of Term		Extension of Term and Capitalization of Taxes		Principal Forbearance		Total Modifications
Type of modification:
Residential real estate	$	710	$	100	$	-	$	810
Commercial real estate		-		-		1,654		1,654
Construction, land acquisition and development		96		-		-		96
Commercial and industrial		-		-		79		79
Consumer		-		-		-		-
State and political subdivisions		-		-		-		-
Total modifications	$	806	$	100	$	1,733	$	2,639

TDRs with Subsequent Default [Table Text Block]

	For the Year Ended December 31, 2016
(in thousands)	Number of Contracts		Recorded Investment
Type of modification:
Residential real estate		3	$	107
Commercial real estate		1		680
Construction, land acquisition and development		-		-
Commercial and industrial		-		-
Consumer		-		-
State and political subdivisions		-		-
Total modifications		4	$	787