Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | Apr. 30, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'MERCANTILE BANK CORPORATION | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 8,738,608 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001042729 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
ASSETS | ' | ' |
Cash and due from banks | $25,823,000 | $17,149,000 |
Interest-bearing deposits | 6,295,000 | 6,389,000 |
Federal funds sold | 77,829,000 | 123,427,000 |
Total cash and cash equivalents | 109,947,000 | 146,965,000 |
Securities available for sale | 141,097,000 | 131,178,000 |
Federal Home Loan Bank stock | 11,961,000 | 11,961,000 |
Loans | 1,066,796,000 | 1,053,243,000 |
Allowance for loan losses | -20,954,000 | -22,821,000 |
Loans, net | 1,045,842,000 | 1,030,422,000 |
Premises and equipment, net | 24,867,000 | 24,898,000 |
Bank owned life insurance | 51,667,000 | 51,377,000 |
Accrued interest receivable | 3,861,000 | 3,649,000 |
Other real estate owned and repossessed assets | 2,350,000 | 2,851,000 |
Net deferred tax asset | 15,768,000 | 17,754,000 |
Other assets | 6,155,000 | 5,911,000 |
Total assets | 1,413,515,000 | 1,426,966,000 |
Deposits | ' | ' |
Noninterest-bearing | 230,709,000 | 224,580,000 |
Interest-bearing | 877,542,000 | 894,331,000 |
Total deposits | 1,108,251,000 | 1,118,911,000 |
Securities sold under agreements to repurchase | 63,165,000 | 69,305,000 |
Federal Home Loan Bank advances | 45,000,000 | 45,000,000 |
Subordinated debentures | 32,990,000 | 32,990,000 |
Accrued interest and other liabilities | 6,420,000 | 7,435,000 |
Total liabilities | 1,255,826,000 | 1,273,641,000 |
Shareholders' equity | ' | ' |
Preferred stock, no par value; 1,000,000 shares authorized; none issued | 0 | 0 |
Common stock, no par value; 20,000,000 shares authorized; 8,738,608 shares outstanding at March 31, 2014 and 8,739,108 shares outstanding at December 31, 2013 | 162,076,000 | 162,999,000 |
Retained earnings (deficit) | -521,000 | -4,101,000 |
Accumulated other comprehensive income (loss) | -3,866,000 | -5,573,000 |
Total shareholders’ equity | 157,689,000 | 153,325,000 |
Total liabilities and shareholders’ equity | $1,413,515,000 | $1,426,966,000 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Preferred stock, par value (in Dollars per share) | $0 | $0 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value (in Dollars per share) | $0 | $0 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares outstanding | 8,738,608 | 8,739,108 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Interest income | ' | ' |
Loans, including fees | $12,099,000 | $12,846,000 |
Securities, taxable | 1,234,000 | 1,007,000 |
Securities, tax-exempt | 183,000 | 295,000 |
Federal funds sold | 68,000 | 54,000 |
Interest-bearing balances | 4,000 | 7,000 |
Total interest income | 13,588,000 | 14,209,000 |
Interest expense | ' | ' |
Deposits | 2,035,000 | 2,320,000 |
Short-term borrowings | 22,000 | 20,000 |
Federal Home Loan Bank advances | 150,000 | 118,000 |
Subordinated debentures and other borrowings | 317,000 | 297,000 |
Total interest expense | 2,524,000 | 2,755,000 |
Net interest income | 11,064,000 | 11,454,000 |
Provision for loan losses | -1,900,000 | -1,500,000 |
Net interest income after provision for loan losses | 12,964,000 | 12,954,000 |
Noninterest income | ' | ' |
Service charges on deposit and sweep accounts | 365,000 | 374,000 |
Earnings on bank owned life insurance | 290,000 | 338,000 |
Mortgage banking activities | 63,000 | 252,000 |
Rental income from other real estate owned | 56,000 | 199,000 |
Other income | 732,000 | 664,000 |
Total noninterest income | 1,506,000 | 1,827,000 |
Noninterest expense | ' | ' |
Salaries and benefits | 5,230,000 | 4,857,000 |
Occupancy | 712,000 | 658,000 |
Furniture and equipment depreciation, rent and maintenance | 247,000 | 256,000 |
FDIC insurance costs | 177,000 | 245,000 |
Problem asset costs | -20,000 | 131,000 |
Merger-related costs | 377,000 | 14,000 |
Other expense | 2,484,000 | 2,423,000 |
Total noninterest expenses | 9,207,000 | 8,584,000 |
Income before federal income tax expense | 5,263,000 | 6,197,000 |
Federal income tax expense | 1,683,000 | 1,797,000 |
Net income | $3,580,000 | $4,400,000 |
Basic earnings per share (in Dollars per share) | $0.41 | $0.51 |
Diluted earnings per share (in Dollars per share) | $0.41 | $0.50 |
Cash dividends per share (in Dollars per share) | $0.12 | $0.10 |
Average basic shares outstanding (in Shares) | 8,738,836 | 8,705,677 |
Average diluted shares outstanding (in Shares) | 8,741,121 | 8,718,601 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Net income | $3,580,000 | $4,400,000 |
Other comprehensive income (loss): | ' | ' |
Unrealized holding gains (losses) on securities available for sale | 2,604,000 | -1,002,000 |
Fair value of interest rate swap | 14,000 | 114,000 |
2,618,000 | -888,000 | |
Tax effect of unrealized holding gains (losses) on securities available for sale | -906,000 | 351,000 |
Tax effect of fair value of interest rate swap | -5,000 | -40,000 |
-911,000 | 311,000 | |
Other comprehensive income (loss), net of tax effect | 1,707,000 | -577,000 |
Comprehensive income | $5,287,000 | $3,823,000 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
Balances at Dec. 31, 2012 | $0 | $166,074,000 | ($21,134,000) | $1,650,000 | $146,590,000 |
Employee stock purchase plan (532 shares) | ' | 9,000 | ' | ' | 9,000 |
Dividend reinvestment plan (929 shares) | ' | 16,000 | ' | ' | 16,000 |
Stock-based compensation expense | ' | 118,000 | ' | ' | 118,000 |
Cash Dividends | ' | -864,000 | ' | ' | -864,000 |
Net income (loss) for the period | ' | ' | 4,400,000 | ' | 4,400,000 |
Change in net unrealized holding gain on securities available for sale | ' | ' | ' | -651,000 | -651,000 |
Change in fair value of interest rate swap | ' | ' | ' | 74,000 | 74,000 |
Balances at Mar. 31, 2013 | 0 | 165,353,000 | -16,734,000 | 1,073,000 | 149,692,000 |
Balances at Dec. 31, 2013 | 0 | 162,999,000 | -4,101,000 | -5,573,000 | 153,325,000 |
Stock-based compensation expense | ' | 118,000 | ' | ' | 118,000 |
Cash Dividends | ' | -1,041,000 | ' | ' | -1,041,000 |
Net income (loss) for the period | ' | ' | 3,580,000 | ' | 3,580,000 |
Change in net unrealized holding gain on securities available for sale | ' | ' | ' | 1,698,000 | 1,698,000 |
Change in fair value of interest rate swap | ' | ' | ' | 9,000 | 9,000 |
Balances at Mar. 31, 2014 | $0 | $162,076,000 | ($521,000) | ($3,866,000) | $157,689,000 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Cash Dividends Per Share | $0.12 | $0.10 |
Common Stock [Member] | ' | ' |
Cash Dividends Per Share | $0.12 | $0.10 |
Shares issued using employee stock purchase plan | ' | 532 |
Shares issued using dividend reinvestment plan | ' | 929 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Cash flows from operating activities | ' | ' |
Net income | $3,580,000 | $4,400,000 |
Adjustments to reconcile net income to net cash from operating activities | ' | ' |
Depreciation and amortization | 512,000 | 553,000 |
Provision for loan losses | -1,900,000 | -1,500,000 |
Stock-based compensation expense | 118,000 | 118,000 |
Proceeds from sales of mortgage loans held for sale | 4,450,000 | 16,260,000 |
Origination of mortgage loans held for sale | -4,979,000 | -15,393,000 |
Net gain from sales of mortgage loans held for sale | -52,000 | -202,000 |
Net gain from sale and valuation write-down of foreclosed assets | -276,000 | -528,000 |
Earnings on bank owned life insurance | -290,000 | -338,000 |
Net change in: | ' | ' |
Accrued interest receivable | -212,000 | -25,000 |
Other assets | 611,000 | 2,159,000 |
Accrued expenses and other liabilities | -1,060,000 | -2,205,000 |
Net cash from operating activities | 502,000 | 3,299,000 |
Cash flows from investing activities | ' | ' |
Loan originations and payments, net | -12,939,000 | 14,779,000 |
Purchases of securities available for sale | -11,672,000 | -14,984,000 |
Proceeds from maturities, calls and repayments of securities available for sale | 4,407,000 | 12,314,000 |
Proceeds from sales of foreclosed assets | 777,000 | 2,639,000 |
Purchases of premises and equipment | -311,000 | -80,000 |
Net cash from (for) investing activities | -19,738,000 | 14,668,000 |
Cash flows from financing activities | ' | ' |
Net decrease in time deposits | -14,142,000 | -43,116,000 |
Net increase in all other deposits | 3,482,000 | 702,000 |
Net increase (decrease) in securities sold under agreements to repurchase | -6,140,000 | 3,979,000 |
Net increase in other borrowed money | 59,000 | 81,000 |
Employee stock purchase plan | 0 | 9,000 |
Dividend reinvestment plan | 0 | 16,000 |
Payment of cash dividends to common shareholders | -1,041,000 | -864,000 |
Net cash for financing activities | -17,782,000 | -39,193,000 |
Net change in cash and cash equivalents | -37,018,000 | -21,226,000 |
Cash and cash equivalents at beginning of period | 146,965,000 | 136,003,000 |
Cash and cash equivalents at end of period | 109,947,000 | 114,777,000 |
Cash paid during the period for: | ' | ' |
Interest | 3,134,000 | 3,339,000 |
Federal income tax | 0 | 0 |
Noncash financing and investing activities: | ' | ' |
Transfers from loans to foreclosed assets | $0 | $1,647,000 |
Note_1_Significant_Accounting_
Note 1 - Significant Accounting Policies | 3 Months Ended | |
Mar. 31, 2014 | ||
Accounting Policies [Abstract] | ' | |
Significant Accounting Policies [Text Block] | ' | |
1 | SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation: The unaudited financial statements for the three months ended March 31, 2014 include the consolidated results of operations of Mercantile Bank Corporation and its consolidated subsidiaries. These subsidiaries include Mercantile Bank of Michigan (“our bank”) and our bank’s two subsidiaries, Mercantile Bank Real Estate Co., LLC (“our real estate company”) and Mercantile Insurance Center, Inc. (“our insurance center”). These consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q and Item 303(b) of Regulation S-K and do not include all disclosures required by accounting principles generally accepted in the United States of America for a complete presentation of our financial condition and results of operations. In the opinion of management, the information reflects all adjustments (consisting only of normal recurring adjustments) which are necessary in order to make the financial statements not misleading and for a fair presentation of the results of operations for such periods. The results for the period ended March 31, 2014 should not be considered as indicative of results for a full year. For further information, refer to the consolidated financial statements and footnotes included in our annual report on Form 10-K for the year ended December 31, 2013. | ||
We formed a business trust, Mercantile Bank Capital Trust I (“the trust”), in 2004 to issue trust preferred securities. We issued subordinated debentures to the trust in return for the proceeds raised from the issuance of the trust preferred securities. The trust is not consolidated, but instead we report the subordinated debentures issued to the trust as a liability. | ||
Earnings Per Share: Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. Diluted earnings per share include the dilutive effect of additional potential common shares issuable under our stock-based compensation plans and are determined using the treasury stock method. Our unvested restricted shares, which contain non-forfeitable rights to dividends whether paid or accrued (i.e., participating securities), are included in the number of shares outstanding for both basic and diluted earnings per share calculations. In the event of a net loss, our unvested restricted shares are excluded from the calculation of both basic and diluted earnings per share. | ||
Approximately 63,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three months ended March 31, 2014. In addition, stock options for approximately 6,000 shares of common stock were included in determining diluted earnings per share for the three months ended March 31, 2014. Stock options for approximately 55,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three months ended March 31, 2014. | ||
Approximately 65,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three months ended March 31, 2013. In addition, stock options for approximately 21,000 shares of common stock were included in determining diluted earnings per share for the three months ended March 31, 2013. Stock options for approximately 132,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three months ended March 31, 2013. | ||
Loans: Loans that we have the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. | ||
Interest income on commercial loans and mortgage loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Consumer and credit card loans are typically charged-off no later than when they are 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal and interest is considered doubtful. | ||
All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | ||
Allowance for Loan Losses: The allowance for loan losses (“allowance”) is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when we believe the uncollectability of a loan is confirmed. Subsequent recoveries, if any, are credited to the allowance. We estimate the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in our judgment, should be charged-off. | ||
A loan is considered to be impaired when, based on current information and events, it is probable we will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of delay, the reasons for delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of collateral if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. | ||
Troubled Debt Restructurings: A loan is accounted for as a troubled debt restructuring if we, for economic or legal reasons, grant a concession to a borrower considered to be experiencing financial difficulties that we would not otherwise consider. A troubled debt restructuring may involve the receipt of assets from the debtor in partial or full satisfaction of the loan, or a modification of terms such as a reduction of the stated interest rate or balance of the loan, a reduction of accrued interest, an extension of the maturity date or renewal of the loan at a stated interest rate lower than the current market rate for a new loan with similar risk, or some combination of these concessions. Troubled debt restructurings can be in either accrual or nonaccrual status. Nonaccrual troubled debt restructurings are included in nonperforming loans. Accruing troubled debt restructurings are generally excluded from nonperforming loans as it is considered probable that all contractual principal and interest due under the restructured terms will be collected. | ||
In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described above under “Allowance for Loan Losses.” Certain loans modified as troubled debt restructurings may have been previously measured for impairment under a general allowance methodology (i.e., pooling), thus at the time the loan is modified as a troubled debt restructuring the allowance will be impacted by the difference between the results of these two measurement methodologies. Loans modified as troubled debt restructurings that subsequently default are factored into the determination of the allowance in the same manner as other defaulted loans. | ||
Derivatives: Derivative financial instruments are recognized as assets or liabilities at fair value. The accounting for changes in the fair value of derivatives depends on the use of the derivatives and whether the derivatives qualify for hedge accounting. Used as part of our asset and liability management to help manage interest rate risk, our derivatives have generally consisted of interest rate swap agreements that qualified for hedge accounting. In February 2012, we entered into an interest rate swap agreement that qualifies for hedge accounting. The current outstanding interest rate swap is discussed in more detail in Note 9. We do not use derivatives for trading purposes. | ||
Changes in the fair value of derivatives that are designated, for accounting purposes, as a hedge of the variability of cash flows to be received on various loans and are effective are reported in other comprehensive income. They are later reclassified into earnings in the same periods during which the hedged transaction affects earnings and are included in the line item in which the hedged cash flows are recorded. If hedge accounting does not apply, changes in the fair value of derivatives are recognized immediately in current earnings as interest income or expense. | ||
If designated as a hedge, we formally document the relationship between derivatives as hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet. If designated as a hedge, we also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. Ineffective hedge gains and losses are recognized immediately in current earnings as noninterest income or expense. We discontinue hedge accounting when we determine the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative is settled or terminates, or treatment of the derivative as a hedge is no longer appropriate or intended. | ||
Adoption of New Accounting Standards: In January of 2014, the FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. This ASU clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The ASU also requires additional related interim and annual disclosures. The guidance in this ASU is effective for annual and interim periods beginning after December 15, 2014. The implementation of ASU 2014-04 should not have a material impact on our financial position or results of operations. |
Note_2_Securities
Note 2 - Securities | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
2 | SECURITIES | ||||||||||||||||||||||||
The amortized cost and fair value of available for sale securities and the related pre-tax gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) are as follows: | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 116,492,000 | $ | 430,000 | $ | (7,628,000 | ) | $ | 109,294,000 | ||||||||||||||||
Mortgage-backed securities | 11,544,000 | 1,071,000 | 0 | 12,615,000 | |||||||||||||||||||||
Municipal general obligation bonds | 16,488,000 | 411,000 | 0 | 16,899,000 | |||||||||||||||||||||
Municipal revenue bonds | 877,000 | 42,000 | 0 | 919,000 | |||||||||||||||||||||
Mutual funds | 1,393,000 | 0 | (23,000 | ) | 1,370,000 | ||||||||||||||||||||
$ | 146,794,000 | $ | 1,954,000 | $ | (7,651,000 | ) | $ | 141,097,000 | |||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 108,279,000 | $ | 263,000 | $ | (10,065,000 | ) | $ | 98,477,000 | ||||||||||||||||
Mortgage-backed securities | 12,456,000 | 1,102,000 | 0 | 13,558,000 | |||||||||||||||||||||
Municipal general obligation bonds | 16,488,000 | 388,000 | (4,000 | ) | 16,872,000 | ||||||||||||||||||||
Municipal revenue bonds | 878,000 | 38,000 | 0 | 916,000 | |||||||||||||||||||||
Mutual funds | 1,386,000 | 0 | (31,000 | ) | 1,355,000 | ||||||||||||||||||||
$ | 139,487,000 | $ | 1,791,000 | $ | (10,100,000 | ) | $ | 131,178,000 | |||||||||||||||||
Securities with unrealized losses at March 31, 2014 and December 31, 2013, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 44,172,000 | $ | (2,532,000 | ) | $ | 42,828,000 | $ | (5,096,000 | ) | $ | 87,000,000 | $ | (7,628,000 | ) | ||||||||||
Mortgage-backed securities | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Municipal general obligation bonds | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Municipal revenue bonds | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Mutual funds | 1,370,000 | (23,000 | ) | 0 | 0 | 1,370,000 | (23,000 | ) | |||||||||||||||||
$ | 45,542,000 | $ | (2,555,000 | ) | $ | 42,828,000 | $ | (5,096,000 | ) | $ | 88,370,000 | $ | (7,651,000 | ) | |||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 57,117,000 | $ | (5,798,000 | ) | $ | 29,679,000 | $ | (4,267,000 | ) | $ | 86,796,000 | $ | (10,065,000 | ) | ||||||||||
Mortgage-backed securities | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Municipal general obligation bonds | 295,000 | (4,000 | ) | 0 | 0 | 295,000 | (4,000 | ) | |||||||||||||||||
Municipal revenue bonds | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Mutual funds | 1,355,000 | (31,000 | ) | 0 | 0 | 1,355,000 | (31,000 | ) | |||||||||||||||||
$ | 58,767,000 | $ | (5,833,000 | ) | $ | 29,679,000 | $ | (4,267,000 | ) | $ | 88,446,000 | $ | (10,100,000 | ) | |||||||||||
We evaluate securities for other-than-temporary impairment at least on a quarterly basis. Consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability we have to retain our investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. For those debt securities whose fair value is less than their amortized cost basis, we also consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and if we do not expect to recover the entire amortized cost basis of the security. In analyzing an issuer’s financial condition, we may consider whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and the results of reviews of the issuer’s financial condition. | |||||||||||||||||||||||||
At March 31, 2014, 63 debt securities and one mutual fund with fair values totaling $88.4 million have unrealized losses aggregating $7.7 million. After we considered whether the securities were issued by the federal government or its agencies and whether downgrades by bond rating agencies had occurred, we determined that unrealized losses were due to changing interest rate environments. As we do not intend to sell our debt securities before recovery of their cost basis and we believe it is more likely than not that we will not be required to sell our debt securities before recovery of the cost basis, no unrealized losses are deemed to be other-than-temporary. | |||||||||||||||||||||||||
The amortized cost and fair value of debt securities at March 31, 2014, by maturity, are shown in the following table. The contractual maturity is utilized for U.S. Government agency debt obligations and municipal bonds. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. Weighted average yields are also reflected, with yields for municipal securities shown at their tax equivalent yield. | |||||||||||||||||||||||||
Weighted | Amortized | Fair | |||||||||||||||||||||||
Average | Cost | Value | |||||||||||||||||||||||
Yield | |||||||||||||||||||||||||
Due in 2014 | 5.44 | % | $ | 1,770,000 | $ | 1,801,000 | |||||||||||||||||||
Due in 2015 through 2019 | 6.31 | 1,018,000 | 1,040,000 | ||||||||||||||||||||||
Due in 2020 through 2024 | 3.44 | 44,432,000 | 43,437,000 | ||||||||||||||||||||||
Due in 2025 and beyond | 3.63 | 86,637,000 | 80,834,000 | ||||||||||||||||||||||
Mortgage-backed securities | 5.14 | 11,544,000 | 12,615,000 | ||||||||||||||||||||||
Mutual funds | 2.11 | 1,393,000 | 1,370,000 | ||||||||||||||||||||||
3.73 | % | $ | 146,794,000 | $ | 141,097,000 | ||||||||||||||||||||
Securities issued by the State of Michigan and all its political subdivisions had a combined amortized cost of $17.4 million and estimated market value of $17.8 million at March 31, 2014 and December 31, 2013. Total securities of any other specific issuer, other than the U.S. Government and its agencies, did not exceed 10% of shareholders’ equity. | |||||||||||||||||||||||||
The carrying value of U.S. Government agency debt obligations and mortgage-backed securities that are pledged to secure repurchase agreements was $105.2 million and $94.4 million at March 31, 2014 and December 31, 2013, respectively. In addition, substantially all of our municipal bonds have been pledged to the Discount Window of the Federal Reserve Bank of Chicago. Investments in Federal Home Loan Bank stock are restricted and may only be resold or redeemed by the issuer. |
Note_3_Loans_and_Allowance_for
Note 3 - Loans and Allowance for Loan Losses | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
3 | LOANS AND ALLOWANCE FOR LOAN LOSSES | ||||||||||||||||||||||||||||
Our total loans at March 31, 2014 were $1.07 billion compared to $1.05 billion at December 31, 2013, an increase of $13.6 million, or 1.3%. The components of our loan portfolio disaggregated by class of loan within the loan portfolio segments at March 31, 2014 and December 31, 2013, and the percentage change in loans from the end of 2013 to the end of the first quarter of 2014, are as follows: | |||||||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | Percent | |||||||||||||||||||||||||||
Increase | |||||||||||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 289,009,000 | 27.1 | % | $ | 286,373,000 | 27.2 | % | 0.9 | % | |||||||||||||||||||
Vacant land, land development, and residential construction | 37,190,000 | 3.5 | 36,741,000 | 3.5 | 1.2 | ||||||||||||||||||||||||
Real estate – owner occupied | 264,299,000 | 24.8 | 261,877,000 | 24.9 | 0.9 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 378,034,000 | 35.4 | 364,066,000 | 34.6 | 3.8 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 35,686,000 | 3.3 | 37,639,000 | 3.5 | (5.2 | ) | |||||||||||||||||||||||
Total commercial | 1,004,218,000 | 94.1 | 986,696,000 | 93.7 | 1.8 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 31,778,000 | 3 | 35,080,000 | 3.3 | (9.4 | ) | |||||||||||||||||||||||
1-4 family mortgages | 30,800,000 | 2.9 | 31,467,000 | 3 | (2.1 | ) | |||||||||||||||||||||||
Total retail | 62,578,000 | 5.9 | 66,547,000 | 6.3 | (6.0 | ) | |||||||||||||||||||||||
Total loans | $ | 1,066,796,000 | 100 | % | $ | 1,053,243,000 | 100 | % | 1.3 | % | |||||||||||||||||||
Nonperforming loans as of March 31, 2014 and December 31, 2013 were as follows: | |||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Loans past due 90 days or more still accruing interest | $ | 0 | $ | 0 | |||||||||||||||||||||||||
Nonaccrual loans | 6,342,000 | 6,718,000 | |||||||||||||||||||||||||||
Total nonperforming loans | $ | 6,342,000 | $ | 6,718,000 | |||||||||||||||||||||||||
The recorded principal balance of nonaccrual loans was as follows: | |||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 919,000 | $ | 1,501,000 | |||||||||||||||||||||||||
Vacant land, land development, and residential construction | 361,000 | 785,000 | |||||||||||||||||||||||||||
Real estate – owner occupied | 684,000 | 389,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 335,000 | 168,000 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 492,000 | 208,000 | |||||||||||||||||||||||||||
Total commercial | 2,791,000 | 3,051,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 762,000 | 788,000 | |||||||||||||||||||||||||||
1-4 family mortgages | 2,789,000 | 2,879,000 | |||||||||||||||||||||||||||
Total retail | 3,551,000 | 3,667,000 | |||||||||||||||||||||||||||
Total nonaccrual loans | $ | 6,342,000 | $ | 6,718,000 | |||||||||||||||||||||||||
An age analysis of past due loans is as follows as of March 31, 2014: | |||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Greater | Total | Current | Total | Recorded | |||||||||||||||||||||||
Days | Days | Than 89 | Past Due | Loans | Balance > 89 | ||||||||||||||||||||||||
Past Due | Past Due | Days | Days and | ||||||||||||||||||||||||||
Past Due | Accruing | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 0 | $ | 0 | $ | 121,000 | $ | 121,000 | $ | 288,888,000 | $ | 289,009,000 | $ | 0 | |||||||||||||||
Vacant land, land development, and residential construction | 0 | 0 | 95,000 | 95,000 | 37,095,000 | 37,190,000 | 0 | ||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | 0 | 264,299,000 | 264,299,000 | 0 | ||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | 0 | 378,034,000 | 378,034,000 | 0 | ||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | 0 | 35,686,000 | 35,686,000 | 0 | ||||||||||||||||||||||
Total commercial | 0 | 0 | 216,000 | 216,000 | 1,004,002,000 | 1,004,218,000 | 0 | ||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | 0 | 31,778,000 | 31,778,000 | 0 | ||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 391,000 | 391,000 | 30,409,000 | 30,800,000 | 0 | ||||||||||||||||||||||
Total retail | 0 | 0 | 391,000 | 391,000 | 62,187,000 | 62,578,000 | 0 | ||||||||||||||||||||||
Total past due loans | $ | 0 | $ | 0 | $ | 607,000 | $ | 607,000 | $ | 1,066,189,000 | $ | 1,066,796,000 | $ | 0 | |||||||||||||||
An age analysis of past due loans is as follows as of December 31, 2013: | |||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Greater | Total | Current | Total | Recorded | |||||||||||||||||||||||
Days | Days | Than 89 | Past Due | Loans | Balance > 89 | ||||||||||||||||||||||||
Past Due | Past Due | Days | Days and | ||||||||||||||||||||||||||
Past Due | Accruing | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 0 | $ | 0 | $ | 309,000 | $ | 309,000 | $ | 286,064,000 | $ | 286,373,000 | $ | 0 | |||||||||||||||
Vacant land, land development, and residential construction | 0 | 0 | 0 | 0 | 36,741,000 | 36,741,000 | 0 | ||||||||||||||||||||||
Real estate – owner occupied | 65,000 | 0 | 50,000 | 115,000 | 261,762,000 | 261,877,000 | 0 | ||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | 0 | 364,066,000 | 364,066,000 | 0 | ||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 64,000 | 64,000 | 37,575,000 | 37,639,000 | 0 | ||||||||||||||||||||||
Total commercial | 65,000 | 0 | 423,000 | 488,000 | 986,208,000 | 986,696,000 | 0 | ||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 14,000 | 0 | 0 | 14,000 | 35,066,000 | 35,080,000 | 0 | ||||||||||||||||||||||
1-4 family mortgages | 21,000 | 44,000 | 375,000 | 440,000 | 31,027,000 | 31,467,000 | 0 | ||||||||||||||||||||||
Total retail | 35,000 | 44,000 | 375,000 | 454,000 | 66,093,000 | 66,547,000 | 0 | ||||||||||||||||||||||
Total past due loans | $ | 100,000 | $ | 44,000 | $ | 798,000 | $ | 942,000 | $ | 1,052,301,000 | $ | 1,053,243,000 | $ | 0 | |||||||||||||||
Impaired loans as of March 31, 2014, and average impaired loans for the three months ended March 31, 2014, were as follows: | |||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Year-To-Date | ||||||||||||||||||||||||||
Contractual | Principal | Allowance | Average | ||||||||||||||||||||||||||
Principal | Balance | Recorded | |||||||||||||||||||||||||||
Balance | Principal | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,693,000 | $ | 205,000 | - | $ | 358,000 | ||||||||||||||||||||||
Vacant land, land development and residential construction | 459,000 | 343,000 | 353,000 | ||||||||||||||||||||||||||
Real estate – owner occupied | 1,165,000 | 684,000 | 735,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 1,831,000 | 1,761,000 | 1,247,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 41,000 | 1,000 | 1,000 | ||||||||||||||||||||||||||
Total commercial | 5,189,000 | 2,994,000 | 2,694,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 707,000 | 649,000 | 555,000 | ||||||||||||||||||||||||||
1-4 family mortgages | 1,190,000 | 611,000 | 629,000 | ||||||||||||||||||||||||||
Total retail | 1,897,000 | 1,260,000 | 1,184,000 | ||||||||||||||||||||||||||
Total with no related allowance recorded | $ | 7,086,000 | $ | 4,254,000 | $ | 3,878,000 | |||||||||||||||||||||||
Unpaid | Recorded | Related | Year-To-Date | ||||||||||||||||||||||||||
Contractual | Principal | Allowance | Average | ||||||||||||||||||||||||||
Principal | Balance | Recorded | |||||||||||||||||||||||||||
Balance | Principal | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,006,000 | $ | 953,000 | $ | 451,000 | $ | 1,197,000 | |||||||||||||||||||||
Vacant land, land development and residential construction | 4,213,000 | 3,908,000 | 728,000 | 4,023,000 | |||||||||||||||||||||||||
Real estate – owner occupied | 1,488,000 | 1,488,000 | 455,000 | 1,500,000 | |||||||||||||||||||||||||
Real estate – non-owner occupied | 19,470,000 | 19,451,000 | 7,370,000 | 20,262,000 | |||||||||||||||||||||||||
Real estate – multi-family and residential rental | 1,207,000 | 1,089,000 | 504,000 | 1,886,000 | |||||||||||||||||||||||||
Total commercial | 27,384,000 | 26,889,000 | 9,508,000 | 28,868,000 | |||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 118,000 | 92,000 | 92,000 | 190,000 | |||||||||||||||||||||||||
1-4 family mortgages | 2,237,000 | 2,160,000 | 879,000 | 2,196,000 | |||||||||||||||||||||||||
Total retail | 2,355,000 | 2,252,000 | 971,000 | 2,386,000 | |||||||||||||||||||||||||
Total with an allowance recorded | $ | 29,739,000 | $ | 29,141,000 | $ | 10,479,000 | $ | 31,254,000 | |||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Commercial | $ | 32,573,000 | $ | 29,883,000 | $ | 9,508,000 | $ | 31,562,000 | |||||||||||||||||||||
Retail | 4,252,000 | 3,512,000 | 971,000 | 3,570,000 | |||||||||||||||||||||||||
Total impaired loans | $ | 36,825,000 | $ | 33,395,000 | $ | 10,479,000 | $ | 35,132,000 | |||||||||||||||||||||
Interest income of $0.5 million was recognized on impaired loans during the first quarter of 2014. | |||||||||||||||||||||||||||||
Impaired loans were as follows as of December 31, 2013: | |||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Year-To-Date | ||||||||||||||||||||||||||
Contractual | Principal | Allowance | Average | ||||||||||||||||||||||||||
Principal | Balance | Recorded | |||||||||||||||||||||||||||
Balance | Principal | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,229,000 | $ | 511,000 | - | $ | 1,205,000 | ||||||||||||||||||||||
Vacant land, land development and residential construction | 475,000 | 362,000 | 991,000 | ||||||||||||||||||||||||||
Real estate – owner occupied | 1,270,000 | 785,000 | 1,084,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 895,000 | 733,000 | 4,049,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 41,000 | 1,000 | 390,000 | ||||||||||||||||||||||||||
Total commercial | 4,910,000 | 2,392,000 | 7,719,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 507,000 | 461,000 | 471,000 | ||||||||||||||||||||||||||
1-4 family mortgages | 1,272,000 | 647,000 | 727,000 | ||||||||||||||||||||||||||
Total retail | 1,779,000 | 1,108,000 | 1,198,000 | ||||||||||||||||||||||||||
Total with no related allowance recorded | $ | 6,689,000 | $ | 3,500,000 | $ | 8,917,000 | |||||||||||||||||||||||
Unpaid | Recorded | Related | Year-To-Date | ||||||||||||||||||||||||||
Contractual | Principal | Allowance | Average | ||||||||||||||||||||||||||
Principal | Balance | Recorded | |||||||||||||||||||||||||||
Balance | Principal | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,517,000 | $ | 1,440,000 | $ | 792,000 | $ | 1,880,000 | |||||||||||||||||||||
Vacant land, land development and residential construction | 4,436,000 | 4,139,000 | 844,000 | 3,354,000 | |||||||||||||||||||||||||
Real estate – owner occupied | 1,513,000 | 1,513,000 | 528,000 | 2,550,000 | |||||||||||||||||||||||||
Real estate – non-owner occupied | 21,088,000 | 21,072,000 | 7,969,000 | 28,388,000 | |||||||||||||||||||||||||
Real estate – multi-family and residential rental | 3,219,000 | 2,684,000 | 1,127,000 | 2,915,000 | |||||||||||||||||||||||||
Total commercial | 31,773,000 | 30,848,000 | 11,260,000 | 39,087,000 | |||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 320,000 | 289,000 | 96,000 | 329,000 | |||||||||||||||||||||||||
1-4 family mortgages | 2,274,000 | 2,231,000 | 1,030,000 | 1,628,000 | |||||||||||||||||||||||||
Total retail | 2,594,000 | 2,520,000 | 1,126,000 | 1,957,000 | |||||||||||||||||||||||||
Total with an allowance recorded | $ | 34,367,000 | $ | 33,368,000 | $ | 12,386,000 | $ | 41,044,000 | |||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Commercial | $ | 36,683,000 | $ | 33,240,000 | $ | 11,260,000 | $ | 46,806,000 | |||||||||||||||||||||
Retail | 4,373,000 | 3,628,000 | 1,126,000 | 3,155,000 | |||||||||||||||||||||||||
Total impaired loans | $ | 41,056,000 | $ | 36,868,000 | $ | 12,386,000 | $ | 49,961,000 | |||||||||||||||||||||
Credit Quality Indicators. We utilize a comprehensive grading system for our commercial loans. All commercial loans are graded on a ten grade rating system. The rating system utilizes standardized grade paradigms that analyze several critical factors such as cash flow, operating performance, financial condition, collateral, industry condition and management. All commercial loans are graded at inception and reviewed and, if appropriate, re-graded at various intervals thereafter. The risk assessment for retail loans is primarily based on the type of collateral and payment activity. | |||||||||||||||||||||||||||||
Loans by credit quality indicators were as follows as of March 31, 2014: | |||||||||||||||||||||||||||||
Commercial credit exposure – credit risk profiled by internal credit risk grades: | |||||||||||||||||||||||||||||
Commercial | Commercial | Commercial | Commercial | Commercial | |||||||||||||||||||||||||
and | Vacant Land, | Real Estate - | Real Estate - | Real Estate | |||||||||||||||||||||||||
Industrial | and Residential | Owner | Non-Owner | Multi-Family | |||||||||||||||||||||||||
Construction | Occupied | Occupied | and Residential | ||||||||||||||||||||||||||
Rental | |||||||||||||||||||||||||||||
Internal credit risk grade groupings: | |||||||||||||||||||||||||||||
Grades 1 – 4 | $ | 197,051,000 | $ | 7,993,000 | $ | 161,357,000 | $ | 232,226,000 | $ | 15,411,000 | |||||||||||||||||||
Grades 5 – 7 | 90,776,000 | 24,946,000 | 99,484,000 | 124,526,000 | 19,167,000 | ||||||||||||||||||||||||
Grades 8 – 9 | 1,182,000 | 4,251,000 | 3,458,000 | 21,282,000 | 1,108,000 | ||||||||||||||||||||||||
Total commercial | $ | 289,009,000 | $ | 37,190,000 | $ | 264,299,000 | $ | 378,034,000 | $ | 35,686,000 | |||||||||||||||||||
Retail credit exposure – credit risk profiled by collateral type: | |||||||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Total retail | $ | 31,778,000 | $ | 30,800,000 | |||||||||||||||||||||||||
Loans by credit quality indicators were as follows as of December 31, 2013: | |||||||||||||||||||||||||||||
Commercial credit exposure – credit risk profiled by internal credit risk grades: | |||||||||||||||||||||||||||||
Commercial | Commercial | Commercial | Commercial | Commercial | |||||||||||||||||||||||||
and | Vacant Land, | Real Estate - | Real Estate - | Real Estate - | |||||||||||||||||||||||||
Industrial | Land Development, | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
and Residential | Occupied | Occupied | Multi-Family | ||||||||||||||||||||||||||
Construction | Rental | ||||||||||||||||||||||||||||
Internal credit risk grade groupings: | |||||||||||||||||||||||||||||
Grades 1 – 4 | $ | 208,151,000 | $ | 6,973,000 | $ | 156,230,000 | $ | 219,325,000 | $ | 15,465,000 | |||||||||||||||||||
Grades 5 – 7 | 76,237,000 | 25,535,000 | 103,066,000 | 122,717,000 | 19,469,000 | ||||||||||||||||||||||||
Grades 8 – 9 | 1,985,000 | 4,233,000 | 2,581,000 | 22,024,000 | 2,705,000 | ||||||||||||||||||||||||
Total commercial | $ | 286,373,000 | $ | 36,741,000 | $ | 261,877,000 | $ | 364,066,000 | $ | 37,639,000 | |||||||||||||||||||
Retail credit exposure – credit risk profiled by collateral type: | |||||||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Total retail | $ | 35,080,000 | $ | 31,467,000 | |||||||||||||||||||||||||
All commercial loans are graded using the following criteria: | |||||||||||||||||||||||||||||
Grade 1. | Excellent credit rating that contain very little, if any, risk of loss. | ||||||||||||||||||||||||||||
Grade 2. | Strong sources of repayment and have low repayment risk. | ||||||||||||||||||||||||||||
Grade 3. | Good sources of repayment and have limited repayment risk. | ||||||||||||||||||||||||||||
Grade 4. | Adequate sources of repayment and acceptable repayment risk; however, characteristics are present that render the credit more vulnerable to a negative event. | ||||||||||||||||||||||||||||
Grade 5. | Marginally acceptable sources of repayment and exhibit defined weaknesses and negative characteristics. | ||||||||||||||||||||||||||||
Grade 6. | Well defined weaknesses which may include negative current cash flow, high leverage, or operating losses. Generally, if the credit does not stabilize or if further deterioration is observed in the near term, the loan will likely be downgraded and placed on the Watch List (i.e., list of lending relationships that receive increased scrutiny and review by the Board of Directors and senior management). | ||||||||||||||||||||||||||||
Grade 7. | Defined weaknesses or negative trends that merit close monitoring through Watch List status. | ||||||||||||||||||||||||||||
Grade 8. | Inadequately protected by current sound net worth, paying capacity of the obligor, or pledged collateral, resulting in a distinct possibility of loss requiring close monitoring through Watch List status. | ||||||||||||||||||||||||||||
Grade 9. | Vital weaknesses exist where collection of principal is highly questionable. | ||||||||||||||||||||||||||||
Grade 10. | Considered uncollectable and of such little value that continuance as an asset is not warranted. | ||||||||||||||||||||||||||||
The primary risk elements with respect to commercial loans are the financial condition of the borrower, the sufficiency of collateral, and timeliness of scheduled payments. We have a policy of requesting and reviewing periodic financial statements from commercial loan customers and employ a disciplined and formalized review of the existence of collateral and its value. The primary risk element with respect to each residential real estate loan and consumer loan is the timeliness of scheduled payments. We have a reporting system that monitors past due loans and have adopted policies to pursue creditor’s rights in order to preserve our collateral position. | |||||||||||||||||||||||||||||
Activity in the allowance for loan losses and the recorded investments in loans as of and during the three months ended March 31, 2014 are as follows: | |||||||||||||||||||||||||||||
Commercial | Retail | Unallocated | Total | ||||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 20,455,000 | $ | 2,358,000 | $ | 8,000 | $ | 22,821,000 | |||||||||||||||||||||
Provision for loan losses | (1,454,000 | ) | (434,000 | ) | (12,000 | ) | (1,900,000 | ) | |||||||||||||||||||||
Charge-offs | (586,000 | ) | (2,000 | ) | 0 | (588,000 | ) | ||||||||||||||||||||||
Recoveries | 586,000 | 35,000 | 0 | 621,000 | |||||||||||||||||||||||||
Ending balance | $ | 19,001,000 | $ | 1,957,000 | $ | (4,000 | ) | $ | 20,954,000 | ||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 9,508,000 | $ | 971,000 | $ | 0 | $ | 10,479,000 | |||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 9,493,000 | $ | 986,000 | $ | (4,000 | ) | $ | 10,475,000 | ||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 1,004,218,000 | $ | 62,578,000 | $ | 1,066,796,000 | |||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 29,883,000 | $ | 3,512,000 | $ | 33,395,000 | |||||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 974,335,000 | $ | 59,066,000 | $ | 1,033,401,000 | |||||||||||||||||||||||
Activity in the allowance for loan losses and the recorded investments in loans as of and during the three months ended March 31, 2013 are as follows: | |||||||||||||||||||||||||||||
Commercial | Retail | Unallocated | Total | ||||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 26,043,000 | $ | 2,645,000 | $ | (11,000 | ) | $ | 28,677,000 | ||||||||||||||||||||
Provision for loan losses | (1,164,000 | ) | (363,000 | ) | 27,000 | (1,500,000 | ) | ||||||||||||||||||||||
Charge-offs | (2,412,000 | ) | (3,000 | ) | 0 | (2,415,000 | ) | ||||||||||||||||||||||
Recoveries | 1,250,000 | 23,000 | 0 | 1,273,000 | |||||||||||||||||||||||||
Ending balance | $ | 23,717,000 | $ | 2,302,000 | $ | 16,000 | $ | 26,035,000 | |||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 14,616,000 | $ | 277,000 | $ | 0 | $ | 14,893,000 | |||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 9,101,000 | $ | 2,025,000 | $ | 16,000 | $ | 11,142,000 | |||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 948,964,000 | $ | 73,992,000 | $ | 1,022,956,000 | |||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 49,636,000 | $ | 2,064,000 | $ | 51,700,000 | |||||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 899,328,000 | $ | 71,928,000 | $ | 971,256,000 | |||||||||||||||||||||||
Loans modified as troubled debt restructurings during the three months ended March 31, 2014 were as follows: | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 14,000 | $ | 14,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 2 | 354,000 | 323,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total commercial | 3 | 368,000 | 337,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 3 | $ | 368,000 | $ | 337,000 | ||||||||||||||||||||||||
Loans modified as troubled debt restructurings during the three months ended March 31, 2013 were as follows: | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 875,000 | $ | 875,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 2 | 2,068,000 | 2,068,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total commercial | 3 | 2,943,000 | 2,943,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 3 | $ | 2,943,000 | $ | 2,943,000 | ||||||||||||||||||||||||
The following loans, modified as troubled debt restructurings within the previous twelve months, became over 30 days past due within the three months ended March 31, 2014 (amounts as of period end): | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Number of | Principal | ||||||||||||||||||||||||||||
Contracts | Balance | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 0 | $ | 0 | ||||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | |||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | |||||||||||||||||||||||||||
Total commercial | 0 | 0 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | |||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | |||||||||||||||||||||||||||
Total retail | 0 | 0 | |||||||||||||||||||||||||||
Total | 0 | $ | 0 | ||||||||||||||||||||||||||
The following loans, modified as troubled debt restructurings within the previous twelve months, became over 30 days past due within the three months ended March 31, 2013 (amounts as of period end): | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Number of | Principal | ||||||||||||||||||||||||||||
Contracts | Balance | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 0 | $ | 0 | ||||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | |||||||||||||||||||||||||||
Real estate – owner occupied | 1 | 44,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | |||||||||||||||||||||||||||
Total commercial | 1 | 44,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | |||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | |||||||||||||||||||||||||||
Total retail | 0 | 0 | |||||||||||||||||||||||||||
Total | 1 | $ | 44,000 | ||||||||||||||||||||||||||
Activity for loans categorized as troubled debt restructurings during the three months ended March 31, 2014 is as follows: | |||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Vacant Land, </ FONT></ FONT></ />Land Development, and Residential Construction | Commercial Real Estate - Owner Occupied | Commercial Real Estate - Non-Owner Occupied | Commercial | |||||||||||||||||||||||||
Real Estate - Multi-Family and Residential Rental | |||||||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 1,656,000 | $ | 4,501,000 | $ | 1,816,000 | $ | 22,311,000 | $ | 2,620,000 | |||||||||||||||||||
Charge-Offs | 0 | 0 | (11,000 | ) | 0 | (420,000 | ) | ||||||||||||||||||||||
Payments | (266,000 | ) | (3,149,000 | ) | (49,000 | ) | (1,001,000 | ) | (1,468,000 | ) | |||||||||||||||||||
Transfers to ORE | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Net Additions/Deletions | 14,000 | 2,898,000 | 0 | 319,000 | 0 | ||||||||||||||||||||||||
Ending Balance | $ | 1,404,000 | $ | 4,250,000 | $ | 1,756,000 | $ | 21,629,000 | $ | 732,000 | |||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 0 | $ | 2,191,000 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | 0 | (69,000 | ) | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 0 | $ | 2,122,000 | |||||||||||||||||||||||||
Activity for loans categorized as troubled debt restructurings during the three months ended March 31, 2013 is as follows: | |||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Vacant Land, Land Development, and Residential Construction | Commercial Real Estate - Owner Occupied | Commercial Real Estate - Non-Owner Occupied | Commercial | |||||||||||||||||||||||||
Real Estate - Multi-Familyand Residential Rental | |||||||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 2,720,000 | $ | 3,071,000 | $ | 4,116,000 | $ | 37,672,000 | $ | 3,027,000 | |||||||||||||||||||
Charge-Offs | (35,000 | ) | (695,000 | ) | 0 | (711,000 | ) | (15,000 | ) | ||||||||||||||||||||
Payments | (514,000 | ) | (49,000 | ) | (61,000 | ) | (3,211,000 | ) | (54,000 | ) | |||||||||||||||||||
Transfers to ORE | (74,000 | ) | 0 | (363,000 | ) | (803,000 | ) | 0 | |||||||||||||||||||||
Net Additions/Deletions | 1,171,000 | 0 | 187,000 | 2,057,000 | 0 | ||||||||||||||||||||||||
Ending Balance | $ | 3,268,000 | $ | 2,327,000 | $ | 3,879,000 | $ | 35,004,000 | $ | 2,958,000 | |||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 0 | $ | 154,000 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | 0 | (2,000 | ) | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 0 | $ | 152,000 | |||||||||||||||||||||||||
The allowance related to loans categorized as troubled debt restructurings was as follows: | |||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 95,000 | $ | 187,000 | |||||||||||||||||||||||||
Vacant land, land development, and residential construction | 695,000 | 798,000 | |||||||||||||||||||||||||||
Real estate – owner occupied | 455,000 | 528,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 7,236,000 | 7,828,000 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 304,000 | 1,010,000 | |||||||||||||||||||||||||||
Total commercial | 8,785,000 | 10,351,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | |||||||||||||||||||||||||||
1-4 family mortgages | 32,000 | 0 | |||||||||||||||||||||||||||
Total retail | 32,000 | 0 | |||||||||||||||||||||||||||
Total related allowance | $ | 8,817,000 | $ | 10,351,000 | |||||||||||||||||||||||||
In general, our policy dictates that a renewal or modification of an 8- or 9-rated commercial loan meets the criteria of a troubled debt restructuring, although we review and consider all renewed and modified loans as part of our troubled debt restructuring assessment procedures. Loan relationships rated 8 contain significant financial weaknesses, resulting in a distinct possibility of loss, while relationships rated 9 reflect vital financial weaknesses, resulting in a highly questionable ability on our part to collect principal; we believe borrowers warranting such ratings would have difficulty obtaining financing from other market participants. Thus, due to the lack of comparable market rates for loans with similar risk characteristics, we believe 8- or 9-rated loans renewed or modified were done so at below market rates. Loans that are identified as troubled debt restructurings are considered impaired and are individually evaluated for impairment when assessing these credits in our allowance for loan losses calculation. |
Note_4_Premises_and_EquipmentN
Note 4 - Premises and Equipment,Net | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
4 | PREMISES AND EQUIPMENT, NET | ||||||||
Premises and equipment are comprised of the following: | |||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Land and improvements | $ | 8,556,000 | $ | 8,556,000 | |||||
Buildings | 24,742,000 | 24,733,000 | |||||||
Furniture and equipment | 13,001,000 | 12,718,000 | |||||||
46,299,000 | 46,007,000 | ||||||||
Less: accumulated depreciation | 21,432,000 | 21,109,000 | |||||||
Premises and equipment, net | $ | 24,867,000 | $ | 24,898,000 | |||||
Depreciation expense totaled $0.3 million during the first quarter of 2014 and 2013. |
Note_5_Deposits
Note 5 - Deposits | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||
Deposit Liabilities Disclosures [Text Block] | ' | ||||||||||||||||||||
5 | DEPOSITS | ||||||||||||||||||||
Our total deposits at March 31, 2014 totaled $1.11 billion compared to $1.12 billion at December 31, 2013, a decrease of $10.7 million, or 1.0%. The components of our outstanding balances at March 31, 2014 and December 31, 2013, and percentage change in deposits from the end of 2013 to the end of the first quarter of 2014, are as follows: | |||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | Percent Increase | |||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||
Noninterest-bearing checking | $ | 230,709,000 | 20.8 | % | $ | 224,580,000 | 20.1 | % | 2.7 | % | |||||||||||
Interest-bearing checking | 189,971,000 | 17.1 | 197,388,000 | 17.6 | (3.8 | ) | |||||||||||||||
Money market | 135,931,000 | 12.3 | 133,369,000 | 11.9 | 1.9 | ||||||||||||||||
Savings | 54,815,000 | 5 | 52,606,000 | 4.7 | 4.2 | ||||||||||||||||
Time, under $100,000 | 42,261,000 | 3.8 | 43,251,000 | 3.9 | (2.3 | ) | |||||||||||||||
Time, $100,000 and over | 263,998,000 | 23.8 | 254,600,000 | 22.8 | 3.7 | ||||||||||||||||
917,685,000 | 82.8 | 905,794,000 | 81 | 1.3 | |||||||||||||||||
Out-of-area time, under $100,000 | 3,645,000 | 0.3 | 4,078,000 | 0.4 | (10.6 | ) | |||||||||||||||
Out-of-area time, $100,000 and over | 186,921,000 | 16.9 | 209,039,000 | 18.6 | (10.6 | ) | |||||||||||||||
190,566,000 | 17.2 | 213,117,000 | 19 | (10.6 | ) | ||||||||||||||||
Total deposits | $ | 1,108,251,000 | 100 | % | $ | 1,118,911,000 | 100 | % | (1.0 | )% | |||||||||||
Note_6_Securities_Sold_Under_A
Note 6 - Securities Sold Under Agreements to Repurchase | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | ' | ||||||||
6 | SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | ||||||||
Securities sold under agreements to repurchase (“repurchase agreements”) are offered principally to certain large deposit customers. Information relating to our repurchase agreements follows: | |||||||||
Three Months Ended | Twelve Months Ended | ||||||||
31-Mar-14 | 31-Dec-13 | ||||||||
Outstanding balance at end of period | $ | 63,165,000 | $ | 69,305,000 | |||||
Average interest rate at end of period | 0.13 | % | 0.12 | % | |||||
Average daily balance during the period | $ | 76,412,000 | $ | 65,939,000 | |||||
Average interest rate during the period | 0.12 | % | 0.12 | % | |||||
Maximum daily balance during the period | $ | 91,303,000 | $ | 78,960,000 | |||||
Repurchase agreements generally have original maturities of less than one year. Repurchase agreements are treated as financings and the obligations to repurchase securities sold are reflected as liabilities. Securities involved with the agreements are recorded as assets of our bank and are held in safekeeping by a correspondent bank. Repurchase agreements are secured by securities with an aggregate market value equal to the aggregate outstanding balance. |
Note_7_Federal_Home_Loan_Bank_
Note 7 - Federal Home Loan Bank Advances | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
Disclosure Text Block [Abstract] | ' | ||||
Federal Home Loan Bank Advances, Disclosure [Text Block] | ' | ||||
7. FEDERAL HOME LOAN BANK ADVANCES | |||||
Federal Home Loan Bank advances totaled $45.0 million at March 31, 2014 and December 31, 2013, and mature at varying dates from March 2017 through September 2017, with fixed rates of interest from 1.22% to 1.51% and averaging 1.34%. Each advance is payable at its maturity date and is subject to a prepayment fee if paid prior to the maturity date. The advances are collateralized by residential mortgage loans, first mortgage liens on multi-family residential property loans, first mortgage liens on commercial real estate property loans, and substantially all other assets of our bank, under a blanket lien arrangement. Our borrowing line of credit as of March 31, 2014 totaled about $179 million, with availability approximating $129 million. | |||||
Maturities of currently outstanding FHLB advances are as follows: | |||||
2014 | $ | 0 | |||
2015 | 0 | ||||
2016 | 0 | ||||
2017 | 45,000,000 | ||||
2018 | 0 | ||||
Note_8_Commitments_and_OffBala
Note 8 - Commitments and Off-Balance Sheet Risk | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Commitments Contingencies and Guarantees [Text Block] | ' | ||||||||
8 | COMMITMENTS AND OFF-BALANCE SHEET RISK | ||||||||
Our bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Loan commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Standby letters of credit are conditional commitments issued by our bank to guarantee the performance of a customer to a third party. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. | |||||||||
These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized, if any, in the balance sheet. Our bank’s maximum exposure to loan loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. Our bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Collateral, such as accounts receivable, securities, inventory, and property and equipment, is generally obtained based on our credit assessment of the borrower. If required, estimated loss exposure resulting from these instruments is expensed and is generally recorded as a liability. There was no reserve or liability balance for these instruments as of March 31, 2014 and December 31, 2013. | |||||||||
A summary of the contractual amounts of our financial instruments with off-balance sheet risk at March 31, 2014 and December 31, 2013 follows: | |||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Commercial unused lines of credit | $ | 263,387,000 | $ | 257,937,000 | |||||
Unused lines of credit secured by 1 – 4 family residential properties | 22,994,000 | 23,429,000 | |||||||
Credit card unused lines of credit | 8,929,000 | 9,013,000 | |||||||
Other consumer unused lines of credit | 4,819,000 | 5,695,000 | |||||||
Commitments to make loans | 200,374,000 | 58,799,000 | |||||||
Standby letters of credit | 19,379,000 | 19,670,000 | |||||||
$ | 519,882,000 | $ | 374,543,000 | ||||||
Certain of our commercial loan customers have entered into interest rate swap agreements directly with our correspondent banks. To assist our commercial loan customers in these transactions, and to encourage our correspondent banks to enter into the interest rate swap transactions with minimal credit underwriting analyses on their part, we have entered into risk participation agreements with the correspondent banks whereby we agree to make payments to the correspondent banks owed by our commercial loan customers under the interest rate swap agreement in the event that our commercial loan customers do not make the payments. We are not a party to the interest rate swap agreements under these arrangements. As of March 31, 2014, the total notional amount of the underlying interest rate swap agreements was $17.8 million, with a net fair value from our commercial loan customers’ perspective of negative $2.5 million. These risk participation agreements are considered financial guarantees in accordance with applicable accounting guidance and are therefore recorded as liabilities at fair value, generally equal to the fees collected at the time of their execution. These liabilities are accreted into income during the term of the interest rate swap agreements, generally ranging from four to fifteen years. |
Note_9_Hedging_Activities
Note 9 - Hedging Activities | 3 Months Ended | |
Mar. 31, 2014 | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |
9 | HEDGING ACTIVITIES | |
Our interest rate risk policy includes guidelines for measuring and monitoring interest rate risk. Within these guidelines, parameters have been established for maximum fluctuations in net interest income. Possible fluctuations are measured and monitored using net interest income simulation. Our policy provides for the use of certain derivative instruments and hedging activities to aid in managing interest rate risk to within the policy parameters. To help mitigate the negative impact to our net interest income in an increasing interest rate environment resulting from our cost of funds likely increasing at a higher rate than the yield on our assets, we may periodically enter into derivative financial instruments. | ||
In February 2012, we entered into an interest rate swap agreement with a correspondent bank to hedge the floating rate on our subordinated debentures, which became effective in January 2013 and matures in January 2018. Our $32.0 million of subordinated debentures have a rate equal to the 90-Day Libor Rate plus a fixed spread of 218 basis points, and are subject to repricing quarterly. The interest rate swap agreement provides for us to pay our correspondent bank a fixed rate, while our correspondent bank will pay us the 90-Day Libor Rate on a $32.0 million notional amount. The quarterly re-set dates for the floating rate on the interest rate swap agreement are the same as the re-set dates for the floating rate on the subordinated debentures. The interest rate swap agreement does qualify for hedge accounting; therefore, monthly fluctuations in the present value of the interest rate swap agreement, net of tax effect, are recorded to other comprehensive income. As of March 31, 2014 and December 31, 2013, the present value of the interest rate swap agreement was recorded as a liability in the amount of $0.2 million and $0.3 million, respectively. |
Note_10_Fair_Values_Of_Financi
Note 10 - Fair Values Of Financial Instruments | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||
Fair Value Of Financial Instruments [Abstract] | ' | ||||||||||||||||||||
Fair Value Of Financial Instruments [Text Block] | ' | ||||||||||||||||||||
10 | FAIR VALUES OF FINANCIAL INSTRUMENTS | ||||||||||||||||||||
The carrying amounts, estimated fair values and level within the fair value hierarchy of financial instruments were as follows as of March 31, 2014 and December 31, 2013 (dollars in thousands): | |||||||||||||||||||||
Level in | 31-Mar-14 | 31-Dec-13 | |||||||||||||||||||
Fair Value | Carrying | Fair | Carrying | Fair | |||||||||||||||||
Hierarchy | Values | Values | Values | Values | |||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash | Level 1 | $ | 1,699 | $ | 1,699 | $ | 1,464 | $ | 1,464 | ||||||||||||
Cash equivalents | Level 2 | 108,248 | 108,248 | 145,501 | 145,501 | ||||||||||||||||
Securities available for sale | -1 | 141,097 | 141,097 | 131,178 | 131,178 | ||||||||||||||||
FHLB stock | -2 | 11,961 | 11,961 | 11,961 | 11,961 | ||||||||||||||||
Loans, net | Level 3 | 1,045,842 | 1,045,151 | 1,030,422 | 1,027,300 | ||||||||||||||||
Bank owned life insurance | Level 2 | 51,667 | 51,667 | 51,377 | 51,377 | ||||||||||||||||
Accrued interest receivable | Level 2 | 3,861 | 3,861 | 3,649 | 3,649 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | Level 2 | 1,108,251 | 1,110,957 | 1,118,911 | 1,120,576 | ||||||||||||||||
Repurchase agreements | Level 2 | 63,165 | 63,165 | 69,305 | 69,305 | ||||||||||||||||
FHLB advances | Level 2 | 45,000 | 45,035 | 45,000 | 45,139 | ||||||||||||||||
Subordinated debentures | Level 2 | 32,990 | 32,959 | 32,990 | 32,974 | ||||||||||||||||
Accrued interest payable | Level 2 | 1,431 | 1,431 | 2,041 | 2,041 | ||||||||||||||||
Interest rate swap | -1 | 250 | 250 | 264 | 264 | ||||||||||||||||
-1 | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. | ||||||||||||||||||||
-2 | It is not practical to determine the fair value of FHLB stock due to transferability restrictions. | ||||||||||||||||||||
Carrying amount is the estimated fair value for cash and cash equivalents, accrued interest receivable and payable, bank owned life insurance, noninterest checking deposits, securities sold under agreements to repurchase, and variable rate loans and deposits that reprice frequently and fully. Security fair values are based on market prices or dealer quotes, and if no such information is available, on the rate and term of the security and information about the issuer. For fixed rate loans and deposits and for variable rate loans and deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. Fair value of subordinated debentures and Federal Home Loan Bank advances is based on current rates for similar financing. Fair value of the interest rate swap is determined primarily utilizing market-consensus forecasted yield curves. Fair value of off-balance sheet items is estimated to be nominal. |
Note_11_Fair_Values
Note 11 - Fair Values | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
11 | FAIR VALUES | ||||||||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability, or in the absence of a principal market, the most advantageous market for the asset or liability. The price of the principal (or most advantageous) market used to measure the fair value of the asset or liability is not adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. | |||||||||||||||||
We are required to use valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from independent sources, or unobservable, meaning those that reflect our own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. In that regard, we utilize a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: | |||||||||||||||||
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that we have the ability to access as of the measurement date. | |||||||||||||||||
Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable or can be derived from or corroborated by observable market data by correlation or other means. | |||||||||||||||||
Level 3: Significant unobservable inputs that reflect our own assumptions about the assumptions that market participants would use in pricing an asset or liability. | |||||||||||||||||
The following is a description of our valuation methodologies used to measure and disclose the fair values of our financial assets and liabilities that are recorded at fair value on a recurring or nonrecurring basis: | |||||||||||||||||
Securities available for sale. Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based on quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models. Level 2 securities include U.S. Government agency bonds, mortgage-backed securities issued or guaranteed by U.S. Government agencies, municipal general obligation and revenue bonds and mutual funds. We have no Level 1 or 3 securities available for sale. | |||||||||||||||||
Derivatives. The interest rate swap is measured at fair value on a recurring basis. We measure fair value utilizing models that use primarily market observable inputs, such as forecasted yield curves, and accordingly, the interest rate swap agreement is classified as Level 2. | |||||||||||||||||
Mortgage loans held for sale. Mortgage loans held for sale are carried at the lower of aggregate cost or fair value and are measured on a nonrecurring basis. Fair value is based on independent quoted market prices, where applicable, or the prices for other mortgage whole loans with similar characteristics. As of March 31, 2014 and December 31, 2013, we determined that the fair value of our mortgage loans held for sale approximated the recorded cost of $1.7 million and $1.1 million, respectively. | |||||||||||||||||
Loans. We do not record loans at fair value on a recurring basis. However, from time to time, we record nonrecurring fair value adjustments to collateral dependent loans to reflect partial write-downs or specific reserves that are based on the observable market price or current estimated value of the collateral. These loans are reported in the nonrecurring table below at initial recognition of impairment and on an ongoing basis until recovery or charge-off. | |||||||||||||||||
Foreclosed Assets. At time of foreclosure or repossession, foreclosed and repossessed assets are adjusted to fair value less costs to sell upon transfer of the loans to foreclosed and repossessed assets, establishing a new cost basis. We subsequently adjust estimated fair value of foreclosed assets on a nonrecurring basis to reflect write-downs based on revised fair value estimates. | |||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | |||||||||||||||||
The balances of assets and liabilities measured at fair value on a recurring basis as of March 31, 2014 are as follows: | |||||||||||||||||
Quoted | |||||||||||||||||
Prices in | |||||||||||||||||
Active | Significant | ||||||||||||||||
Markets for | Other | Significant | |||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Government agency debt obligations | $ | 109,294,000 | $ | 0 | $ | 109,294,000 | $ | 0 | |||||||||
Mortgage-backed securities | 12,615,000 | 0 | 12,615,000 | 0 | |||||||||||||
Municipal general obligation bonds | 16,899,000 | 0 | 16,899,000 | 0 | |||||||||||||
Municipal revenue bonds | 919,000 | 0 | 919,000 | 0 | |||||||||||||
Mutual funds | 1,370,000 | 0 | 1,370,000 | 0 | |||||||||||||
Interest rate swap | (250,000 | ) | 0 | (250,000 | ) | 0 | |||||||||||
Total | $ | 140,847,000 | $ | 0 | $ | 140,847,000 | $ | 0 | |||||||||
There were no transfers in or out of Level 1, Level 2 or Level 3 during the first three months of 2014. | |||||||||||||||||
The balances of assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 are as follows: | |||||||||||||||||
Quoted | |||||||||||||||||
Prices in | |||||||||||||||||
Active | Significant | ||||||||||||||||
Markets for | Other | Significant | |||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Government agency debt obligations | $ | 98,477,000 | $ | 0 | $ | 98,477,000 | $ | 0 | |||||||||
Mortgage-backed securities | 13,558,000 | 0 | 13,558,000 | 0 | |||||||||||||
Municipal general obligation bonds | 16,872,000 | 0 | 16,872,000 | 0 | |||||||||||||
Municipal revenue bonds | 916,000 | 0 | 916,000 | 0 | |||||||||||||
Mutual funds | 1,355,000 | 0 | 1,355,000 | 0 | |||||||||||||
Interest rate swap | (264,000 | ) | 0 | (264,000 | ) | 0 | |||||||||||
Total | $ | 130,914,000 | $ | 0 | $ | 130,914,000 | $ | 0 | |||||||||
There were no transfers in or out of Level 1, Level 2 or Level 3 during 2013. | |||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||||||||||||||||
The balances of assets and liabilities measured at fair value on a nonrecurring basis as of March 31, 2014 are as follows: | |||||||||||||||||
Quoted | |||||||||||||||||
Prices in | |||||||||||||||||
Active | Significant | ||||||||||||||||
Markets for | Other | Significant | |||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Impaired loans (1) | $ | 21,152,000 | $ | 0 | $ | 0 | $ | 21,152,000 | |||||||||
Foreclosed assets (1) | 2,350,000 | 0 | 0 | 2,350,000 | |||||||||||||
Total | $ | 23,502,000 | $ | 0 | $ | 0 | $ | 23,502,000 | |||||||||
The balances of assets and liabilities measured at fair value on a nonrecurring basis as of December 31, 2013 are as follows: | |||||||||||||||||
Quoted | |||||||||||||||||
Prices in | |||||||||||||||||
Active | Significant | ||||||||||||||||
Markets for | Other | Significant | |||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Impaired loans (1) | $ | 23,405,000 | $ | 0 | $ | 0 | $ | 23,405,000 | |||||||||
Foreclosed assets (1) | 2,851,000 | 0 | 0 | 2,851,000 | |||||||||||||
Total | $ | 26,256,000 | $ | 0 | $ | 0 | $ | 26,256,000 | |||||||||
(1) Represents carrying value and related write-downs for which adjustments are based on the estimated value of the property or other assets. |
Note_12_Regulatory_Matters
Note 12 - Regulatory Matters | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||
12 | REGULATORY MATTERS | ||||||||||||||||||||||||
We are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings, and other factors, and the regulators can lower classifications in certain cases. Failure to meet various capital requirements can initiate regulatory action that could have a direct material effect on our financial statements. | |||||||||||||||||||||||||
The prompt corrective action regulations provide five classifications, including well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If an institution is not well capitalized, regulatory approval is required to accept brokered deposits. Subject to limited exceptions, no institution may make a capital distribution if, after making the distribution, it would be undercapitalized. If an institution is undercapitalized, it is subject to close monitoring by its principal federal regulator, its asset growth and expansion are restricted, and plans for capital restoration are required. In addition, further specific types of restrictions may be imposed on the institution at the discretion of the federal regulator. At March 31, 2014 and December 31, 2013, our bank was in the well capitalized category under the regulatory framework for prompt corrective action. There are no conditions or events since March 31, 2014 that we believe have changed our bank’s categorization. Our actual capital levels (dollars in thousands) and the minimum levels required to be categorized as adequately and well capitalized were: | |||||||||||||||||||||||||
Minimum Required | |||||||||||||||||||||||||
to be Well | |||||||||||||||||||||||||
Minimum Required | Capitalized Under | ||||||||||||||||||||||||
for Capital | Prompt Corrective | ||||||||||||||||||||||||
Actual | Adequacy Purposes | Action Regulations | |||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 198,667 | 16.2 | % | $ | 98,218 | 8 | % | $ | NA | NA | ||||||||||||||
Bank | 196,418 | 16 | 98,168 | 8 | 122,710 | 10 | % | ||||||||||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | 183,251 | 14.9 | 49,109 | 4 | NA | NA | |||||||||||||||||||
Bank | 181,010 | 14.8 | 49,084 | 4 | 73,626 | 6 | |||||||||||||||||||
Tier 1 capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 183,251 | 13 | 56,409 | 4 | NA | NA | |||||||||||||||||||
Bank | 181,010 | 12.8 | 56,414 | 4 | 70,518 | 5 | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 193,925 | 15.9 | % | $ | 97,498 | 8 | % | $ | NA | NA | ||||||||||||||
Bank | 190,493 | 15.7 | 97,329 | 8 | 121,662 | 10 | % | ||||||||||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | 178,598 | 14.7 | 48,749 | 4 | NA | NA | |||||||||||||||||||
Bank | 175,192 | 14.4 | 48,665 | 4 | 72,997 | 6 | |||||||||||||||||||
Tier 1 capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 178,598 | 12.5 | 57,006 | 4 | NA | NA | |||||||||||||||||||
Bank | 175,192 | 12.3 | 56,860 | 4 | 71,075 | 5 | |||||||||||||||||||
Our consolidated capital levels as of March 31, 2014 and December 31, 2013 include $32.0 million of trust preferred securities issued by the trust in September 2004 and December 2004 subject to certain limitations. Under applicable Federal Reserve guidelines, the trust preferred securities constitute a restricted core capital element. The guidelines provide that the aggregate amount of restricted core elements that may be included in our Tier 1 capital must not exceed 25% of the sum of all core capital elements, including restricted core capital elements, net of goodwill less any associated deferred tax liability. Our ability to include the trust preferred securities in Tier 1 capital in accordance with the guidelines is not affected by the provision of the Dodd-Frank Act generally restricting such treatment, because (i) the trust preferred securities were issued before May 19, 2010, and (ii) our total consolidated assets as of December 31, 2009 were less than $15.0 billion. As of March 31, 2014 and December 31, 2013, all $32.0 million of the trust preferred securities were included in our consolidated Tier 1 capital. | |||||||||||||||||||||||||
Our and our bank’s ability to pay cash and stock dividends is subject to limitations under various laws and regulations and to prudent and sound banking practices. On January 16, 2014, our Board of Directors declared a cash dividend on our common stock in the amount of $0.12 per share that was paid on March 10, 2014 to shareholders of record as of February 10, 2014. |
Note_13_Business_Combination
Note 13 - Business Combination | 3 Months Ended | |
Mar. 31, 2014 | ||
Business Combinations [Abstract] | ' | |
Business Combination Disclosure [Text Block] | ' | |
13 | BUSINESS COMBINATION | |
On August 14, 2013, Mercantile Bank Corporation (“Mercantile”) and Firstbank Corporation (“Firstbank”) entered into an Agreement and Plan of Merger (the “merger agreement”). Under the terms of the merger agreement, Firstbank will be merged with and into Mercantile, with Mercantile as the surviving corporation. Both Mercantile and Firstbank shareholders approved the merger effective December 12, 2013. Approval of the Board of Governors of the Federal Reserve System is required to complete the merger. Approval has not yet been obtained. Mercantile and Firstbank have each agreed to take actions in order to obtain regulatory clearance required to consummate the merger. On April 14, 2014, we filed an updated election to become a financial holding company with the Federal Reserve Bank of Chicago. We anticipate the election will become effective upon consummation of the planned merger with Firstbank. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Accounting, Policy [Policy Text Block] | ' |
Basis of Presentation: The unaudited financial statements for the three months ended March 31, 2014 include the consolidated results of operations of Mercantile Bank Corporation and its consolidated subsidiaries. These subsidiaries include Mercantile Bank of Michigan (“our bank”) and our bank’s two subsidiaries, Mercantile Bank Real Estate Co., LLC (“our real estate company”) and Mercantile Insurance Center, Inc. (“our insurance center”). These consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q and Item 303(b) of Regulation S-K and do not include all disclosures required by accounting principles generally accepted in the United States of America for a complete presentation of our financial condition and results of operations. In the opinion of management, the information reflects all adjustments (consisting only of normal recurring adjustments) which are necessary in order to make the financial statements not misleading and for a fair presentation of the results of operations for such periods. The results for the period ended March 31, 2014 should not be considered as indicative of results for a full year. For further information, refer to the consolidated financial statements and footnotes included in our annual report on Form 10-K for the year ended December 31, 2013. | |
We formed a business trust, Mercantile Bank Capital Trust I (“the trust”), in 2004 to issue trust preferred securities. We issued subordinated debentures to the trust in return for the proceeds raised from the issuance of the trust preferred securities. The trust is not consolidated, but instead we report the subordinated debentures issued to the trust as a liability. | |
Earnings Per Share, Policy [Policy Text Block] | ' |
Earnings Per Share: Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. Diluted earnings per share include the dilutive effect of additional potential common shares issuable under our stock-based compensation plans and are determined using the treasury stock method. Our unvested restricted shares, which contain non-forfeitable rights to dividends whether paid or accrued (i.e., participating securities), are included in the number of shares outstanding for both basic and diluted earnings per share calculations. In the event of a net loss, our unvested restricted shares are excluded from the calculation of both basic and diluted earnings per share. | |
Approximately 63,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three months ended March 31, 2014. In addition, stock options for approximately 6,000 shares of common stock were included in determining diluted earnings per share for the three months ended March 31, 2014. Stock options for approximately 55,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three months ended March 31, 2014. | |
Approximately 65,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three months ended March 31, 2013. In addition, stock options for approximately 21,000 shares of common stock were included in determining diluted earnings per share for the three months ended March 31, 2013. Stock options for approximately 132,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three months ended March 31, 2013. | |
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] | ' |
Loans: Loans that we have the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. | |
Interest income on commercial loans and mortgage loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Consumer and credit card loans are typically charged-off no later than when they are 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal and interest is considered doubtful. | |
All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' |
Allowance for Loan Losses: The allowance for loan losses (“allowance”) is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when we believe the uncollectability of a loan is confirmed. Subsequent recoveries, if any, are credited to the allowance. We estimate the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in our judgment, should be charged-off. | |
A loan is considered to be impaired when, based on current information and events, it is probable we will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of delay, the reasons for delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of collateral if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. | |
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | ' |
Troubled Debt Restructurings: A loan is accounted for as a troubled debt restructuring if we, for economic or legal reasons, grant a concession to a borrower considered to be experiencing financial difficulties that we would not otherwise consider. A troubled debt restructuring may involve the receipt of assets from the debtor in partial or full satisfaction of the loan, or a modification of terms such as a reduction of the stated interest rate or balance of the loan, a reduction of accrued interest, an extension of the maturity date or renewal of the loan at a stated interest rate lower than the current market rate for a new loan with similar risk, or some combination of these concessions. Troubled debt restructurings can be in either accrual or nonaccrual status. Nonaccrual troubled debt restructurings are included in nonperforming loans. Accruing troubled debt restructurings are generally excluded from nonperforming loans as it is considered probable that all contractual principal and interest due under the restructured terms will be collected. | |
In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described above under “Allowance for Loan Losses.” Certain loans modified as troubled debt restructurings may have been previously measured for impairment under a general allowance methodology (i.e., pooling), thus at the time the loan is modified as a troubled debt restructuring the allowance will be impacted by the difference between the results of these two measurement methodologies. Loans modified as troubled debt restructurings that subsequently default are factored into the determination of the allowance in the same manner as other defaulted loans. | |
Derivatives, Policy [Policy Text Block] | ' |
Derivatives: Derivative financial instruments are recognized as assets or liabilities at fair value. The accounting for changes in the fair value of derivatives depends on the use of the derivatives and whether the derivatives qualify for hedge accounting. Used as part of our asset and liability management to help manage interest rate risk, our derivatives have generally consisted of interest rate swap agreements that qualified for hedge accounting. In February 2012, we entered into an interest rate swap agreement that qualifies for hedge accounting. The current outstanding interest rate swap is discussed in more detail in Note 9. We do not use derivatives for trading purposes. | |
Changes in the fair value of derivatives that are designated, for accounting purposes, as a hedge of the variability of cash flows to be received on various loans and are effective are reported in other comprehensive income. They are later reclassified into earnings in the same periods during which the hedged transaction affects earnings and are included in the line item in which the hedged cash flows are recorded. If hedge accounting does not apply, changes in the fair value of derivatives are recognized immediately in current earnings as interest income or expense. | |
If designated as a hedge, we formally document the relationship between derivatives as hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet. If designated as a hedge, we also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. Ineffective hedge gains and losses are recognized immediately in current earnings as noninterest income or expense. We discontinue hedge accounting when we determine the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative is settled or terminates, or treatment of the derivative as a hedge is no longer appropriate or intended. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Adoption of New Accounting Standards: In January of 2014, the FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. This ASU clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The ASU also requires additional related interim and annual disclosures. The guidance in this ASU is effective for annual and interim periods beginning after December 15, 2014. The implementation of ASU 2014-04 should not have a material impact on our financial position or results of operations. |
Note_2_Securities_Tables
Note 2 - Securities (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 116,492,000 | $ | 430,000 | $ | (7,628,000 | ) | $ | 109,294,000 | ||||||||||||||||
Mortgage-backed securities | 11,544,000 | 1,071,000 | 0 | 12,615,000 | |||||||||||||||||||||
Municipal general obligation bonds | 16,488,000 | 411,000 | 0 | 16,899,000 | |||||||||||||||||||||
Municipal revenue bonds | 877,000 | 42,000 | 0 | 919,000 | |||||||||||||||||||||
Mutual funds | 1,393,000 | 0 | (23,000 | ) | 1,370,000 | ||||||||||||||||||||
$ | 146,794,000 | $ | 1,954,000 | $ | (7,651,000 | ) | $ | 141,097,000 | |||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 108,279,000 | $ | 263,000 | $ | (10,065,000 | ) | $ | 98,477,000 | ||||||||||||||||
Mortgage-backed securities | 12,456,000 | 1,102,000 | 0 | 13,558,000 | |||||||||||||||||||||
Municipal general obligation bonds | 16,488,000 | 388,000 | (4,000 | ) | 16,872,000 | ||||||||||||||||||||
Municipal revenue bonds | 878,000 | 38,000 | 0 | 916,000 | |||||||||||||||||||||
Mutual funds | 1,386,000 | 0 | (31,000 | ) | 1,355,000 | ||||||||||||||||||||
$ | 139,487,000 | $ | 1,791,000 | $ | (10,100,000 | ) | $ | 131,178,000 | |||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | ' | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 44,172,000 | $ | (2,532,000 | ) | $ | 42,828,000 | $ | (5,096,000 | ) | $ | 87,000,000 | $ | (7,628,000 | ) | ||||||||||
Mortgage-backed securities | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Municipal general obligation bonds | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Municipal revenue bonds | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Mutual funds | 1,370,000 | (23,000 | ) | 0 | 0 | 1,370,000 | (23,000 | ) | |||||||||||||||||
$ | 45,542,000 | $ | (2,555,000 | ) | $ | 42,828,000 | $ | (5,096,000 | ) | $ | 88,370,000 | $ | (7,651,000 | ) | |||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 57,117,000 | $ | (5,798,000 | ) | $ | 29,679,000 | $ | (4,267,000 | ) | $ | 86,796,000 | $ | (10,065,000 | ) | ||||||||||
Mortgage-backed securities | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Municipal general obligation bonds | 295,000 | (4,000 | ) | 0 | 0 | 295,000 | (4,000 | ) | |||||||||||||||||
Municipal revenue bonds | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Mutual funds | 1,355,000 | (31,000 | ) | 0 | 0 | 1,355,000 | (31,000 | ) | |||||||||||||||||
$ | 58,767,000 | $ | (5,833,000 | ) | $ | 29,679,000 | $ | (4,267,000 | ) | $ | 88,446,000 | $ | (10,100,000 | ) | |||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Weighted | Amortized | Fair | |||||||||||||||||||||||
Average | Cost | Value | |||||||||||||||||||||||
Yield | |||||||||||||||||||||||||
Due in 2014 | 5.44 | % | $ | 1,770,000 | $ | 1,801,000 | |||||||||||||||||||
Due in 2015 through 2019 | 6.31 | 1,018,000 | 1,040,000 | ||||||||||||||||||||||
Due in 2020 through 2024 | 3.44 | 44,432,000 | 43,437,000 | ||||||||||||||||||||||
Due in 2025 and beyond | 3.63 | 86,637,000 | 80,834,000 | ||||||||||||||||||||||
Mortgage-backed securities | 5.14 | 11,544,000 | 12,615,000 | ||||||||||||||||||||||
Mutual funds | 2.11 | 1,393,000 | 1,370,000 | ||||||||||||||||||||||
3.73 | % | $ | 146,794,000 | $ | 141,097,000 |
Note_3_Loans_and_Allowance_for1
Note 3 - Loans and Allowance for Loan Losses (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | Percent | |||||||||||||||||||||||||||
Increase | |||||||||||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 289,009,000 | 27.1 | % | $ | 286,373,000 | 27.2 | % | 0.9 | % | |||||||||||||||||||
Vacant land, land development, and residential construction | 37,190,000 | 3.5 | 36,741,000 | 3.5 | 1.2 | ||||||||||||||||||||||||
Real estate – owner occupied | 264,299,000 | 24.8 | 261,877,000 | 24.9 | 0.9 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 378,034,000 | 35.4 | 364,066,000 | 34.6 | 3.8 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 35,686,000 | 3.3 | 37,639,000 | 3.5 | (5.2 | ) | |||||||||||||||||||||||
Total commercial | 1,004,218,000 | 94.1 | 986,696,000 | 93.7 | 1.8 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 31,778,000 | 3 | 35,080,000 | 3.3 | (9.4 | ) | |||||||||||||||||||||||
1-4 family mortgages | 30,800,000 | 2.9 | 31,467,000 | 3 | (2.1 | ) | |||||||||||||||||||||||
Total retail | 62,578,000 | 5.9 | 66,547,000 | 6.3 | (6.0 | ) | |||||||||||||||||||||||
Total loans | $ | 1,066,796,000 | 100 | % | $ | 1,053,243,000 | 100 | % | 1.3 | % | |||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Loans past due 90 days or more still accruing interest | $ | 0 | $ | 0 | |||||||||||||||||||||||||
Nonaccrual loans | 6,342,000 | 6,718,000 | |||||||||||||||||||||||||||
Total nonperforming loans | $ | 6,342,000 | $ | 6,718,000 | |||||||||||||||||||||||||
Recorded Principal Balance of Nonaccrual Loans Including Troubled Debt Restructurings [Table Text Block] | ' | ||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 919,000 | $ | 1,501,000 | |||||||||||||||||||||||||
Vacant land, land development, and residential construction | 361,000 | 785,000 | |||||||||||||||||||||||||||
Real estate – owner occupied | 684,000 | 389,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 335,000 | 168,000 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 492,000 | 208,000 | |||||||||||||||||||||||||||
Total commercial | 2,791,000 | 3,051,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 762,000 | 788,000 | |||||||||||||||||||||||||||
1-4 family mortgages | 2,789,000 | 2,879,000 | |||||||||||||||||||||||||||
Total retail | 3,551,000 | 3,667,000 | |||||||||||||||||||||||||||
Total nonaccrual loans | $ | 6,342,000 | $ | 6,718,000 | |||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Greater | Total | Current | Total | Recorded | |||||||||||||||||||||||
Days | Days | Than 89 | Past Due | Loans | Balance > 89 | ||||||||||||||||||||||||
Past Due | Past Due | Days | Days and | ||||||||||||||||||||||||||
Past Due | Accruing | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 0 | $ | 0 | $ | 121,000 | $ | 121,000 | $ | 288,888,000 | $ | 289,009,000 | $ | 0 | |||||||||||||||
Vacant land, land development, and residential construction | 0 | 0 | 95,000 | 95,000 | 37,095,000 | 37,190,000 | 0 | ||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | 0 | 264,299,000 | 264,299,000 | 0 | ||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | 0 | 378,034,000 | 378,034,000 | 0 | ||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | 0 | 35,686,000 | 35,686,000 | 0 | ||||||||||||||||||||||
Total commercial | 0 | 0 | 216,000 | 216,000 | 1,004,002,000 | 1,004,218,000 | 0 | ||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | 0 | 31,778,000 | 31,778,000 | 0 | ||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 391,000 | 391,000 | 30,409,000 | 30,800,000 | 0 | ||||||||||||||||||||||
Total retail | 0 | 0 | 391,000 | 391,000 | 62,187,000 | 62,578,000 | 0 | ||||||||||||||||||||||
Total past due loans | $ | 0 | $ | 0 | $ | 607,000 | $ | 607,000 | $ | 1,066,189,000 | $ | 1,066,796,000 | $ | 0 | |||||||||||||||
30 – 59 | 60 – 89 | Greater | Total | Current | Total | Recorded | |||||||||||||||||||||||
Days | Days | Than 89 | Past Due | Loans | Balance > 89 | ||||||||||||||||||||||||
Past Due | Past Due | Days | Days and | ||||||||||||||||||||||||||
Past Due | Accruing | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 0 | $ | 0 | $ | 309,000 | $ | 309,000 | $ | 286,064,000 | $ | 286,373,000 | $ | 0 | |||||||||||||||
Vacant land, land development, and residential construction | 0 | 0 | 0 | 0 | 36,741,000 | 36,741,000 | 0 | ||||||||||||||||||||||
Real estate – owner occupied | 65,000 | 0 | 50,000 | 115,000 | 261,762,000 | 261,877,000 | 0 | ||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | 0 | 364,066,000 | 364,066,000 | 0 | ||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 64,000 | 64,000 | 37,575,000 | 37,639,000 | 0 | ||||||||||||||||||||||
Total commercial | 65,000 | 0 | 423,000 | 488,000 | 986,208,000 | 986,696,000 | 0 | ||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 14,000 | 0 | 0 | 14,000 | 35,066,000 | 35,080,000 | 0 | ||||||||||||||||||||||
1-4 family mortgages | 21,000 | 44,000 | 375,000 | 440,000 | 31,027,000 | 31,467,000 | 0 | ||||||||||||||||||||||
Total retail | 35,000 | 44,000 | 375,000 | 454,000 | 66,093,000 | 66,547,000 | 0 | ||||||||||||||||||||||
Total past due loans | $ | 100,000 | $ | 44,000 | $ | 798,000 | $ | 942,000 | $ | 1,052,301,000 | $ | 1,053,243,000 | $ | 0 | |||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Year-To-Date | ||||||||||||||||||||||||||
Contractual | Principal | Allowance | Average | ||||||||||||||||||||||||||
Principal | Balance | Recorded | |||||||||||||||||||||||||||
Balance | Principal | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,693,000 | $ | 205,000 | - | $ | 358,000 | ||||||||||||||||||||||
Vacant land, land development and residential construction | 459,000 | 343,000 | 353,000 | ||||||||||||||||||||||||||
Real estate – owner occupied | 1,165,000 | 684,000 | 735,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 1,831,000 | 1,761,000 | 1,247,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 41,000 | 1,000 | 1,000 | ||||||||||||||||||||||||||
Total commercial | 5,189,000 | 2,994,000 | 2,694,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 707,000 | 649,000 | 555,000 | ||||||||||||||||||||||||||
1-4 family mortgages | 1,190,000 | 611,000 | 629,000 | ||||||||||||||||||||||||||
Total retail | 1,897,000 | 1,260,000 | 1,184,000 | ||||||||||||||||||||||||||
Total with no related allowance recorded | $ | 7,086,000 | $ | 4,254,000 | $ | 3,878,000 | |||||||||||||||||||||||
Unpaid | Recorded | Related | Year-To-Date | ||||||||||||||||||||||||||
Contractual | Principal | Allowance | Average | ||||||||||||||||||||||||||
Principal | Balance | Recorded | |||||||||||||||||||||||||||
Balance | Principal | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,006,000 | $ | 953,000 | $ | 451,000 | $ | 1,197,000 | |||||||||||||||||||||
Vacant land, land development and residential construction | 4,213,000 | 3,908,000 | 728,000 | 4,023,000 | |||||||||||||||||||||||||
Real estate – owner occupied | 1,488,000 | 1,488,000 | 455,000 | 1,500,000 | |||||||||||||||||||||||||
Real estate – non-owner occupied | 19,470,000 | 19,451,000 | 7,370,000 | 20,262,000 | |||||||||||||||||||||||||
Real estate – multi-family and residential rental | 1,207,000 | 1,089,000 | 504,000 | 1,886,000 | |||||||||||||||||||||||||
Total commercial | 27,384,000 | 26,889,000 | 9,508,000 | 28,868,000 | |||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 118,000 | 92,000 | 92,000 | 190,000 | |||||||||||||||||||||||||
1-4 family mortgages | 2,237,000 | 2,160,000 | 879,000 | 2,196,000 | |||||||||||||||||||||||||
Total retail | 2,355,000 | 2,252,000 | 971,000 | 2,386,000 | |||||||||||||||||||||||||
Total with an allowance recorded | $ | 29,739,000 | $ | 29,141,000 | $ | 10,479,000 | $ | 31,254,000 | |||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Commercial | $ | 32,573,000 | $ | 29,883,000 | $ | 9,508,000 | $ | 31,562,000 | |||||||||||||||||||||
Retail | 4,252,000 | 3,512,000 | 971,000 | 3,570,000 | |||||||||||||||||||||||||
Total impaired loans | $ | 36,825,000 | $ | 33,395,000 | $ | 10,479,000 | $ | 35,132,000 | |||||||||||||||||||||
Unpaid | Recorded | Related | Year-To-Date | ||||||||||||||||||||||||||
Contractual | Principal | Allowance | Average | ||||||||||||||||||||||||||
Principal | Balance | Recorded | |||||||||||||||||||||||||||
Balance | Principal | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,229,000 | $ | 511,000 | - | $ | 1,205,000 | ||||||||||||||||||||||
Vacant land, land development and residential construction | 475,000 | 362,000 | 991,000 | ||||||||||||||||||||||||||
Real estate – owner occupied | 1,270,000 | 785,000 | 1,084,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 895,000 | 733,000 | 4,049,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 41,000 | 1,000 | 390,000 | ||||||||||||||||||||||||||
Total commercial | 4,910,000 | 2,392,000 | 7,719,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 507,000 | 461,000 | 471,000 | ||||||||||||||||||||||||||
1-4 family mortgages | 1,272,000 | 647,000 | 727,000 | ||||||||||||||||||||||||||
Total retail | 1,779,000 | 1,108,000 | 1,198,000 | ||||||||||||||||||||||||||
Total with no related allowance recorded | $ | 6,689,000 | $ | 3,500,000 | $ | 8,917,000 | |||||||||||||||||||||||
Unpaid | Recorded | Related | Year-To-Date | ||||||||||||||||||||||||||
Contractual | Principal | Allowance | Average | ||||||||||||||||||||||||||
Principal | Balance | Recorded | |||||||||||||||||||||||||||
Balance | Principal | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,517,000 | $ | 1,440,000 | $ | 792,000 | $ | 1,880,000 | |||||||||||||||||||||
Vacant land, land development and residential construction | 4,436,000 | 4,139,000 | 844,000 | 3,354,000 | |||||||||||||||||||||||||
Real estate – owner occupied | 1,513,000 | 1,513,000 | 528,000 | 2,550,000 | |||||||||||||||||||||||||
Real estate – non-owner occupied | 21,088,000 | 21,072,000 | 7,969,000 | 28,388,000 | |||||||||||||||||||||||||
Real estate – multi-family and residential rental | 3,219,000 | 2,684,000 | 1,127,000 | 2,915,000 | |||||||||||||||||||||||||
Total commercial | 31,773,000 | 30,848,000 | 11,260,000 | 39,087,000 | |||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 320,000 | 289,000 | 96,000 | 329,000 | |||||||||||||||||||||||||
1-4 family mortgages | 2,274,000 | 2,231,000 | 1,030,000 | 1,628,000 | |||||||||||||||||||||||||
Total retail | 2,594,000 | 2,520,000 | 1,126,000 | 1,957,000 | |||||||||||||||||||||||||
Total with an allowance recorded | $ | 34,367,000 | $ | 33,368,000 | $ | 12,386,000 | $ | 41,044,000 | |||||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Commercial | $ | 36,683,000 | $ | 33,240,000 | $ | 11,260,000 | $ | 46,806,000 | |||||||||||||||||||||
Retail | 4,373,000 | 3,628,000 | 1,126,000 | 3,155,000 | |||||||||||||||||||||||||
Total impaired loans | $ | 41,056,000 | $ | 36,868,000 | $ | 12,386,000 | $ | 49,961,000 | |||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
Commercial | Commercial | Commercial | Commercial | Commercial | |||||||||||||||||||||||||
and | Vacant Land, | Real Estate - | Real Estate - | Real Estate | |||||||||||||||||||||||||
Industrial | and Residential | Owner | Non-Owner | Multi-Family | |||||||||||||||||||||||||
Construction | Occupied | Occupied | and Residential | ||||||||||||||||||||||||||
Rental | |||||||||||||||||||||||||||||
Internal credit risk grade groupings: | |||||||||||||||||||||||||||||
Grades 1 – 4 | $ | 197,051,000 | $ | 7,993,000 | $ | 161,357,000 | $ | 232,226,000 | $ | 15,411,000 | |||||||||||||||||||
Grades 5 – 7 | 90,776,000 | 24,946,000 | 99,484,000 | 124,526,000 | 19,167,000 | ||||||||||||||||||||||||
Grades 8 – 9 | 1,182,000 | 4,251,000 | 3,458,000 | 21,282,000 | 1,108,000 | ||||||||||||||||||||||||
Total commercial | $ | 289,009,000 | $ | 37,190,000 | $ | 264,299,000 | $ | 378,034,000 | $ | 35,686,000 | |||||||||||||||||||
Commercial | Commercial | Commercial | Commercial | Commercial | |||||||||||||||||||||||||
and | Vacant Land, | Real Estate - | Real Estate - | Real Estate - | |||||||||||||||||||||||||
Industrial | Land Development, | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
and Residential | Occupied | Occupied | Multi-Family | ||||||||||||||||||||||||||
Construction | Rental | ||||||||||||||||||||||||||||
Internal credit risk grade groupings: | |||||||||||||||||||||||||||||
Grades 1 – 4 | $ | 208,151,000 | $ | 6,973,000 | $ | 156,230,000 | $ | 219,325,000 | $ | 15,465,000 | |||||||||||||||||||
Grades 5 – 7 | 76,237,000 | 25,535,000 | 103,066,000 | 122,717,000 | 19,469,000 | ||||||||||||||||||||||||
Grades 8 – 9 | 1,985,000 | 4,233,000 | 2,581,000 | 22,024,000 | 2,705,000 | ||||||||||||||||||||||||
Total commercial | $ | 286,373,000 | $ | 36,741,000 | $ | 261,877,000 | $ | 364,066,000 | $ | 37,639,000 | |||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Commercial | Retail | Unallocated | Total | ||||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 20,455,000 | $ | 2,358,000 | $ | 8,000 | $ | 22,821,000 | |||||||||||||||||||||
Provision for loan losses | (1,454,000 | ) | (434,000 | ) | (12,000 | ) | (1,900,000 | ) | |||||||||||||||||||||
Charge-offs | (586,000 | ) | (2,000 | ) | 0 | (588,000 | ) | ||||||||||||||||||||||
Recoveries | 586,000 | 35,000 | 0 | 621,000 | |||||||||||||||||||||||||
Ending balance | $ | 19,001,000 | $ | 1,957,000 | $ | (4,000 | ) | $ | 20,954,000 | ||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 9,508,000 | $ | 971,000 | $ | 0 | $ | 10,479,000 | |||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 9,493,000 | $ | 986,000 | $ | (4,000 | ) | $ | 10,475,000 | ||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 1,004,218,000 | $ | 62,578,000 | $ | 1,066,796,000 | |||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 29,883,000 | $ | 3,512,000 | $ | 33,395,000 | |||||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 974,335,000 | $ | 59,066,000 | $ | 1,033,401,000 | |||||||||||||||||||||||
Commercial | Retail | Unallocated | Total | ||||||||||||||||||||||||||
Loans | Loans | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 26,043,000 | $ | 2,645,000 | $ | (11,000 | ) | $ | 28,677,000 | ||||||||||||||||||||
Provision for loan losses | (1,164,000 | ) | (363,000 | ) | 27,000 | (1,500,000 | ) | ||||||||||||||||||||||
Charge-offs | (2,412,000 | ) | (3,000 | ) | 0 | (2,415,000 | ) | ||||||||||||||||||||||
Recoveries | 1,250,000 | 23,000 | 0 | 1,273,000 | |||||||||||||||||||||||||
Ending balance | $ | 23,717,000 | $ | 2,302,000 | $ | 16,000 | $ | 26,035,000 | |||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 14,616,000 | $ | 277,000 | $ | 0 | $ | 14,893,000 | |||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 9,101,000 | $ | 2,025,000 | $ | 16,000 | $ | 11,142,000 | |||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 948,964,000 | $ | 73,992,000 | $ | 1,022,956,000 | |||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 49,636,000 | $ | 2,064,000 | $ | 51,700,000 | |||||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 899,328,000 | $ | 71,928,000 | $ | 971,256,000 | |||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 14,000 | $ | 14,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 2 | 354,000 | 323,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total commercial | 3 | 368,000 | 337,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 3 | $ | 368,000 | $ | 337,000 | ||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 875,000 | $ | 875,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 2 | 2,068,000 | 2,068,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total commercial | 3 | 2,943,000 | 2,943,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 3 | $ | 2,943,000 | $ | 2,943,000 | ||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables WithIn Previous Twelve Months that Became Over Thirty Days Past Due [Table Text Block] | ' | ||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Number of | Principal | ||||||||||||||||||||||||||||
Contracts | Balance | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 0 | $ | 0 | ||||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | |||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | |||||||||||||||||||||||||||
Total commercial | 0 | 0 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | |||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | |||||||||||||||||||||||||||
Total retail | 0 | 0 | |||||||||||||||||||||||||||
Total | 0 | $ | 0 | ||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Number of | Principal | ||||||||||||||||||||||||||||
Contracts | Balance | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 0 | $ | 0 | ||||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | |||||||||||||||||||||||||||
Real estate – owner occupied | 1 | 44,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | |||||||||||||||||||||||||||
Total commercial | 1 | 44,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | |||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | |||||||||||||||||||||||||||
Total retail | 0 | 0 | |||||||||||||||||||||||||||
Total | 1 | $ | 44,000 | ||||||||||||||||||||||||||
Allowance Related to Loans Categorized as Troubled Debt Restructurings [Table Text Block] | ' | ||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 95,000 | $ | 187,000 | |||||||||||||||||||||||||
Vacant land, land development, and residential construction | 695,000 | 798,000 | |||||||||||||||||||||||||||
Real estate – owner occupied | 455,000 | 528,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 7,236,000 | 7,828,000 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 304,000 | 1,010,000 | |||||||||||||||||||||||||||
Total commercial | 8,785,000 | 10,351,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | |||||||||||||||||||||||||||
1-4 family mortgages | 32,000 | 0 | |||||||||||||||||||||||||||
Total retail | 32,000 | 0 | |||||||||||||||||||||||||||
Total related allowance | $ | 8,817,000 | $ | 10,351,000 | |||||||||||||||||||||||||
Retail Loans [Member] | ' | ||||||||||||||||||||||||||||
Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Total retail | $ | 31,778,000 | $ | 30,800,000 | |||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Total retail | $ | 35,080,000 | $ | 31,467,000 | |||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 0 | $ | 2,191,000 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | 0 | (69,000 | ) | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 0 | $ | 2,122,000 | |||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 0 | $ | 154,000 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | 0 | (2,000 | ) | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 0 | $ | 152,000 | |||||||||||||||||||||||||
Commercial Loans [Member] | ' | ||||||||||||||||||||||||||||
Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Commercial and Industrial | Commercial Vacant Land, </ FONT></ FONT></ />Land Development, and Residential Construction | Commercial Real Estate - Owner Occupied | Commercial Real Estate - Non-Owner Occupied | Commercial | |||||||||||||||||||||||||
Real Estate - Multi-Family and Residential Rental | |||||||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 1,656,000 | $ | 4,501,000 | $ | 1,816,000 | $ | 22,311,000 | $ | 2,620,000 | |||||||||||||||||||
Charge-Offs | 0 | 0 | (11,000 | ) | 0 | (420,000 | ) | ||||||||||||||||||||||
Payments | (266,000 | ) | (3,149,000 | ) | (49,000 | ) | (1,001,000 | ) | (1,468,000 | ) | |||||||||||||||||||
Transfers to ORE | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Net Additions/Deletions | 14,000 | 2,898,000 | 0 | 319,000 | 0 | ||||||||||||||||||||||||
Ending Balance | $ | 1,404,000 | $ | 4,250,000 | $ | 1,756,000 | $ | 21,629,000 | $ | 732,000 | |||||||||||||||||||
Commercial and Industrial | Commercial Vacant Land, Land Development, and Residential Construction | Commercial Real Estate - Owner Occupied | Commercial Real Estate - Non-Owner Occupied | Commercial | |||||||||||||||||||||||||
Real Estate - Multi-Familyand Residential Rental | |||||||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 2,720,000 | $ | 3,071,000 | $ | 4,116,000 | $ | 37,672,000 | $ | 3,027,000 | |||||||||||||||||||
Charge-Offs | (35,000 | ) | (695,000 | ) | 0 | (711,000 | ) | (15,000 | ) | ||||||||||||||||||||
Payments | (514,000 | ) | (49,000 | ) | (61,000 | ) | (3,211,000 | ) | (54,000 | ) | |||||||||||||||||||
Transfers to ORE | (74,000 | ) | 0 | (363,000 | ) | (803,000 | ) | 0 | |||||||||||||||||||||
Net Additions/Deletions | 1,171,000 | 0 | 187,000 | 2,057,000 | 0 | ||||||||||||||||||||||||
Ending Balance | $ | 3,268,000 | $ | 2,327,000 | $ | 3,879,000 | $ | 35,004,000 | $ | 2,958,000 |
Note_4_Premises_and_EquipmentN1
Note 4 - Premises and Equipment,Net (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Land and improvements | $ | 8,556,000 | $ | 8,556,000 | |||||
Buildings | 24,742,000 | 24,733,000 | |||||||
Furniture and equipment | 13,001,000 | 12,718,000 | |||||||
46,299,000 | 46,007,000 | ||||||||
Less: accumulated depreciation | 21,432,000 | 21,109,000 | |||||||
Premises and equipment, net | $ | 24,867,000 | $ | 24,898,000 |
Note_5_Deposits_Tables
Note 5 - Deposits (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||
Summary of Deposits and Percentage Change in Deposits | ' | ||||||||||||||||||||
31-Mar-14 | 31-Dec-13 | Percent Increase | |||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||
Noninterest-bearing checking | $ | 230,709,000 | 20.8 | % | $ | 224,580,000 | 20.1 | % | 2.7 | % | |||||||||||
Interest-bearing checking | 189,971,000 | 17.1 | 197,388,000 | 17.6 | (3.8 | ) | |||||||||||||||
Money market | 135,931,000 | 12.3 | 133,369,000 | 11.9 | 1.9 | ||||||||||||||||
Savings | 54,815,000 | 5 | 52,606,000 | 4.7 | 4.2 | ||||||||||||||||
Time, under $100,000 | 42,261,000 | 3.8 | 43,251,000 | 3.9 | (2.3 | ) | |||||||||||||||
Time, $100,000 and over | 263,998,000 | 23.8 | 254,600,000 | 22.8 | 3.7 | ||||||||||||||||
917,685,000 | 82.8 | 905,794,000 | 81 | 1.3 | |||||||||||||||||
Out-of-area time, under $100,000 | 3,645,000 | 0.3 | 4,078,000 | 0.4 | (10.6 | ) | |||||||||||||||
Out-of-area time, $100,000 and over | 186,921,000 | 16.9 | 209,039,000 | 18.6 | (10.6 | ) | |||||||||||||||
190,566,000 | 17.2 | 213,117,000 | 19 | (10.6 | ) | ||||||||||||||||
Total deposits | $ | 1,108,251,000 | 100 | % | $ | 1,118,911,000 | 100 | % | (1.0 | )% |
Note_6_Securities_Sold_Under_A1
Note 6 - Securities Sold Under Agreements to Repurchase (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Repurchase Agreements [Table Text Block] | ' | ||||||||
Three Months Ended | Twelve Months Ended | ||||||||
31-Mar-14 | 31-Dec-13 | ||||||||
Outstanding balance at end of period | $ | 63,165,000 | $ | 69,305,000 | |||||
Average interest rate at end of period | 0.13 | % | 0.12 | % | |||||
Average daily balance during the period | $ | 76,412,000 | $ | 65,939,000 | |||||
Average interest rate during the period | 0.12 | % | 0.12 | % | |||||
Maximum daily balance during the period | $ | 91,303,000 | $ | 78,960,000 |
Note_7_Federal_Home_Loan_Bank_1
Note 7 - Federal Home Loan Bank Advances (Tables) | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
Disclosure Text Block [Abstract] | ' | ||||
Maturities Of Currently Outstanding Fhlb Advances [Table Text Block] | ' | ||||
2014 | $ | 0 | |||
2015 | 0 | ||||
2016 | 0 | ||||
2017 | 45,000,000 | ||||
2018 | 0 |
Note_8_Commitments_and_OffBala1
Note 8 - Commitments and Off-Balance Sheet Risk (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Summary Of Contractual Amounts Of Financial Instruments With Off Balance Sheet Risk [Table Text Block] | ' | ||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Commercial unused lines of credit | $ | 263,387,000 | $ | 257,937,000 | |||||
Unused lines of credit secured by 1 – 4 family residential properties | 22,994,000 | 23,429,000 | |||||||
Credit card unused lines of credit | 8,929,000 | 9,013,000 | |||||||
Other consumer unused lines of credit | 4,819,000 | 5,695,000 | |||||||
Commitments to make loans | 200,374,000 | 58,799,000 | |||||||
Standby letters of credit | 19,379,000 | 19,670,000 | |||||||
$ | 519,882,000 | $ | 374,543,000 |
Note_10_Fair_Values_Of_Financi1
Note 10 - Fair Values Of Financial Instruments (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||
Fair Value Of Financial Instruments [Abstract] | ' | ||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||
Level in | 31-Mar-14 | 31-Dec-13 | |||||||||||||||||||
Fair Value | Carrying | Fair | Carrying | Fair | |||||||||||||||||
Hierarchy | Values | Values | Values | Values | |||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash | Level 1 | $ | 1,699 | $ | 1,699 | $ | 1,464 | $ | 1,464 | ||||||||||||
Cash equivalents | Level 2 | 108,248 | 108,248 | 145,501 | 145,501 | ||||||||||||||||
Securities available for sale | -1 | 141,097 | 141,097 | 131,178 | 131,178 | ||||||||||||||||
FHLB stock | -2 | 11,961 | 11,961 | 11,961 | 11,961 | ||||||||||||||||
Loans, net | Level 3 | 1,045,842 | 1,045,151 | 1,030,422 | 1,027,300 | ||||||||||||||||
Bank owned life insurance | Level 2 | 51,667 | 51,667 | 51,377 | 51,377 | ||||||||||||||||
Accrued interest receivable | Level 2 | 3,861 | 3,861 | 3,649 | 3,649 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | Level 2 | 1,108,251 | 1,110,957 | 1,118,911 | 1,120,576 | ||||||||||||||||
Repurchase agreements | Level 2 | 63,165 | 63,165 | 69,305 | 69,305 | ||||||||||||||||
FHLB advances | Level 2 | 45,000 | 45,035 | 45,000 | 45,139 | ||||||||||||||||
Subordinated debentures | Level 2 | 32,990 | 32,959 | 32,990 | 32,974 | ||||||||||||||||
Accrued interest payable | Level 2 | 1,431 | 1,431 | 2,041 | 2,041 | ||||||||||||||||
Interest rate swap | -1 | 250 | 250 | 264 | 264 |
Note_11_Fair_Values_Tables
Note 11 - Fair Values (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
Quoted | |||||||||||||||||
Prices in | |||||||||||||||||
Active | Significant | ||||||||||||||||
Markets for | Other | Significant | |||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Government agency debt obligations | $ | 109,294,000 | $ | 0 | $ | 109,294,000 | $ | 0 | |||||||||
Mortgage-backed securities | 12,615,000 | 0 | 12,615,000 | 0 | |||||||||||||
Municipal general obligation bonds | 16,899,000 | 0 | 16,899,000 | 0 | |||||||||||||
Municipal revenue bonds | 919,000 | 0 | 919,000 | 0 | |||||||||||||
Mutual funds | 1,370,000 | 0 | 1,370,000 | 0 | |||||||||||||
Interest rate swap | (250,000 | ) | 0 | (250,000 | ) | 0 | |||||||||||
Total | $ | 140,847,000 | $ | 0 | $ | 140,847,000 | $ | 0 | |||||||||
Quoted | |||||||||||||||||
Prices in | |||||||||||||||||
Active | Significant | ||||||||||||||||
Markets for | Other | Significant | |||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Government agency debt obligations | $ | 98,477,000 | $ | 0 | $ | 98,477,000 | $ | 0 | |||||||||
Mortgage-backed securities | 13,558,000 | 0 | 13,558,000 | 0 | |||||||||||||
Municipal general obligation bonds | 16,872,000 | 0 | 16,872,000 | 0 | |||||||||||||
Municipal revenue bonds | 916,000 | 0 | 916,000 | 0 | |||||||||||||
Mutual funds | 1,355,000 | 0 | 1,355,000 | 0 | |||||||||||||
Interest rate swap | (264,000 | ) | 0 | (264,000 | ) | 0 | |||||||||||
Total | $ | 130,914,000 | $ | 0 | $ | 130,914,000 | $ | 0 | |||||||||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | ' | ||||||||||||||||
Quoted | |||||||||||||||||
Prices in | |||||||||||||||||
Active | Significant | ||||||||||||||||
Markets for | Other | Significant | |||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Impaired loans (1) | $ | 21,152,000 | $ | 0 | $ | 0 | $ | 21,152,000 | |||||||||
Foreclosed assets (1) | 2,350,000 | 0 | 0 | 2,350,000 | |||||||||||||
Total | $ | 23,502,000 | $ | 0 | $ | 0 | $ | 23,502,000 | |||||||||
Quoted | |||||||||||||||||
Prices in | |||||||||||||||||
Active | Significant | ||||||||||||||||
Markets for | Other | Significant | |||||||||||||||
Identical | Observable | Unobservable | |||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Impaired loans (1) | $ | 23,405,000 | $ | 0 | $ | 0 | $ | 23,405,000 | |||||||||
Foreclosed assets (1) | 2,851,000 | 0 | 0 | 2,851,000 | |||||||||||||
Total | $ | 26,256,000 | $ | 0 | $ | 0 | $ | 26,256,000 |
Note_12_Regulatory_Matters_Tab
Note 12 - Regulatory Matters (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | ||||||||||||||||||||||||
Minimum Required | |||||||||||||||||||||||||
to be Well | |||||||||||||||||||||||||
Minimum Required | Capitalized Under | ||||||||||||||||||||||||
for Capital | Prompt Corrective | ||||||||||||||||||||||||
Actual | Adequacy Purposes | Action Regulations | |||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 198,667 | 16.2 | % | $ | 98,218 | 8 | % | $ | NA | NA | ||||||||||||||
Bank | 196,418 | 16 | 98,168 | 8 | 122,710 | 10 | % | ||||||||||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | 183,251 | 14.9 | 49,109 | 4 | NA | NA | |||||||||||||||||||
Bank | 181,010 | 14.8 | 49,084 | 4 | 73,626 | 6 | |||||||||||||||||||
Tier 1 capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 183,251 | 13 | 56,409 | 4 | NA | NA | |||||||||||||||||||
Bank | 181,010 | 12.8 | 56,414 | 4 | 70,518 | 5 | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 193,925 | 15.9 | % | $ | 97,498 | 8 | % | $ | NA | NA | ||||||||||||||
Bank | 190,493 | 15.7 | 97,329 | 8 | 121,662 | 10 | % | ||||||||||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | 178,598 | 14.7 | 48,749 | 4 | NA | NA | |||||||||||||||||||
Bank | 175,192 | 14.4 | 48,665 | 4 | 72,997 | 6 | |||||||||||||||||||
Tier 1 capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 178,598 | 12.5 | 57,006 | 4 | NA | NA | |||||||||||||||||||
Bank | 175,192 | 12.3 | 56,860 | 4 | 71,075 | 5 |
Note_1_Significant_Accounting_1
Note 1 - Significant Accounting Policies (Details) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Note 1 - Significant Accounting Policies (Details) [Line Items] | ' | ' |
Interest Income On Commercial And Mortgage Loans Discontinued Period | '90 days | ' |
Maximum Delinquency Period For Consumer And Credit Card Loans To Be Charged Off | '120 days | ' |
Restricted Stock [Member] | ' | ' |
Note 1 - Significant Accounting Policies (Details) [Line Items] | ' | ' |
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights | 63,000 | 65,000 |
Employee Stock Option [Member] | ' | ' |
Note 1 - Significant Accounting Policies (Details) [Line Items] | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 6,000 | 21,000 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 55,000 | 132,000 |
Note_2_Securities_Details
Note 2 - Securities (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Number Of Mutual Funds With Unrealized Losses | 1 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $88,370,000 | $88,446,000 |
Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments | 7,700,000 | ' |
Available-for-sale Securities | 141,097,000 | 131,178,000 |
Securities Of Specific Issuer Other Than Government And Its Agencies Maximum Percentage On Stockholders Equity | 10.00% | ' |
Debt Securities [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Number Of Debt Securities With Unrealized Losses | 63 | ' |
State Of Michigan and all its Political Subdivisions [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Available-for-sale Debt Securities, Amortized Cost Basis | 17,400,000 | 17,400,000 |
Available-for-sale Securities | 17,800,000 | 17,800,000 |
US Government Agency Debt Obligations And Mortgage-Backed Securities [Member] | ' | ' |
Note 2 - Securities (Details) [Line Items] | ' | ' |
Available-for-sale Securities, Restricted | $105,200,000 | $94,400,000 |
Note_2_Securities_Details_Amor
Note 2 - Securities (Details) - Amortized Cost and Fair Value of Available for Sale SEcurities and Related Pre-Tax Gross Unrealized Gains and Losses (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Debt securities-Amortized Cost | $146,794,000 | $139,487,000 |
Debt securities-Gross Unrealized Gains | 1,954,000 | 1,791,000 |
Debt securities-Gross Unrealized Losses | -7,651,000 | -10,100,000 |
Securities available for sale | 141,097,000 | 131,178,000 |
US Government Agencies Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Debt securities-Amortized Cost | 116,492,000 | 108,279,000 |
Debt securities-Gross Unrealized Gains | 430,000 | 263,000 |
Debt securities-Gross Unrealized Losses | -7,628,000 | -10,065,000 |
Securities available for sale | 109,294,000 | 98,477,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Debt securities-Amortized Cost | 11,544,000 | 12,456,000 |
Debt securities-Gross Unrealized Gains | 1,071,000 | 1,102,000 |
Debt securities-Gross Unrealized Losses | 0 | 0 |
Securities available for sale | 12,615,000 | 13,558,000 |
Municipal General Obligation Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Debt securities-Amortized Cost | 16,488,000 | 16,488,000 |
Debt securities-Gross Unrealized Gains | 411,000 | 388,000 |
Debt securities-Gross Unrealized Losses | 0 | -4,000 |
Securities available for sale | 16,899,000 | 16,872,000 |
Municipal Revenue Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Debt securities-Amortized Cost | 877,000 | 878,000 |
Debt securities-Gross Unrealized Gains | 42,000 | 38,000 |
Debt securities-Gross Unrealized Losses | 0 | 0 |
Securities available for sale | 919,000 | 916,000 |
Mutual Funds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Debt securities-Amortized Cost | 1,393,000 | 1,386,000 |
Debt securities-Gross Unrealized Gains | 0 | 0 |
Debt securities-Gross Unrealized Losses | -23,000 | -31,000 |
Securities available for sale | $1,370,000 | $1,355,000 |
Note_2_Securities_Details_Secu
Note 2 - Securities (Details) - Securities with Unrealized Losses Aggregated by Investment Category and Length of Time (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
Note 2 - Securities (Details) - Securities with Unrealized Losses Aggregated by Investment Category and Length of Time [Line Items] | ' | ' |
Securities-Less than 12 months-Fair Value | $45,542,000 | $58,767,000 |
Securities-Less than 12 months-Unrealized Loss | -2,555,000 | -5,833,000 |
Securities-More than 12 months-Fair Value | 42,828,000 | 29,679,000 |
Securities-More than 12 months-Unrealized Loss | -5,096,000 | -4,267,000 |
Securities- Fair Value | 88,370,000 | 88,446,000 |
Securities- Unrealized Loss | -7,651,000 | -10,100,000 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 2 - Securities (Details) - Securities with Unrealized Losses Aggregated by Investment Category and Length of Time [Line Items] | ' | ' |
Securities-Less than 12 months-Fair Value | 44,172,000 | 57,117,000 |
Securities-Less than 12 months-Unrealized Loss | -2,532,000 | -5,798,000 |
Securities-More than 12 months-Fair Value | 42,828,000 | 29,679,000 |
Securities-More than 12 months-Unrealized Loss | -5,096,000 | -4,267,000 |
Securities- Fair Value | 87,000,000 | 86,796,000 |
Securities- Unrealized Loss | -7,628,000 | -10,065,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 2 - Securities (Details) - Securities with Unrealized Losses Aggregated by Investment Category and Length of Time [Line Items] | ' | ' |
Securities-Less than 12 months-Fair Value | 0 | 0 |
Securities-Less than 12 months-Unrealized Loss | 0 | 0 |
Securities-More than 12 months-Fair Value | 0 | 0 |
Securities-More than 12 months-Unrealized Loss | 0 | 0 |
Securities- Fair Value | 0 | 0 |
Securities- Unrealized Loss | 0 | 0 |
Municipal General Obligation Bonds [Member] | ' | ' |
Note 2 - Securities (Details) - Securities with Unrealized Losses Aggregated by Investment Category and Length of Time [Line Items] | ' | ' |
Securities-Less than 12 months-Fair Value | 0 | 295,000 |
Securities-Less than 12 months-Unrealized Loss | 0 | -4,000 |
Securities-More than 12 months-Fair Value | 0 | 0 |
Securities-More than 12 months-Unrealized Loss | 0 | 0 |
Securities- Fair Value | 0 | 295,000 |
Securities- Unrealized Loss | 0 | -4,000 |
Municipal Revenue Bonds [Member] | ' | ' |
Note 2 - Securities (Details) - Securities with Unrealized Losses Aggregated by Investment Category and Length of Time [Line Items] | ' | ' |
Securities-Less than 12 months-Fair Value | 0 | 0 |
Securities-Less than 12 months-Unrealized Loss | 0 | 0 |
Securities-More than 12 months-Fair Value | 0 | 0 |
Securities-More than 12 months-Unrealized Loss | 0 | 0 |
Securities- Fair Value | 0 | 0 |
Securities- Unrealized Loss | 0 | 0 |
Mutual Funds [Member] | ' | ' |
Note 2 - Securities (Details) - Securities with Unrealized Losses Aggregated by Investment Category and Length of Time [Line Items] | ' | ' |
Securities-Less than 12 months-Fair Value | 1,370,000 | 1,355,000 |
Securities-Less than 12 months-Unrealized Loss | -23,000 | -31,000 |
Securities-More than 12 months-Fair Value | 0 | 0 |
Securities-More than 12 months-Unrealized Loss | 0 | 0 |
Securities- Fair Value | 1,370,000 | 1,355,000 |
Securities- Unrealized Loss | ($23,000) | ($31,000) |
Note_2_Securities_Details_Matu
Note 2 - Securities (Details) - Maturities of Securities and their Weighted Average Yields (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Note 2 - Securities (Details) - Maturities of Securities and their Weighted Average Yields [Line Items] | ' | ' |
Due in 2014 | 5.44% | ' |
Due in 2014 | $1,770,000 | ' |
Due in 2014 | 1,801,000 | ' |
Due in 2015 through 2019 | 6.31% | ' |
Due in 2015 through 2019 | 1,018,000 | ' |
Due in 2015 through 2019 | 1,040,000 | ' |
Due in 2020 through 2024 | 3.44% | ' |
Due in 2020 through 2024 | 44,432,000 | ' |
Due in 2020 through 2024 | 43,437,000 | ' |
Due in 2025 and beyond | 3.63% | ' |
Due in 2025 and beyond | 86,637,000 | ' |
Due in 2025 and beyond | 80,834,000 | ' |
Securities- Weighted Average Cost | 3.73% | ' |
Securities- Amortized Cost | 146,794,000 | 139,487,000 |
Securities- Fair Value | 141,097,000 | 131,178,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 2 - Securities (Details) - Maturities of Securities and their Weighted Average Yields [Line Items] | ' | ' |
Securities- Weighted Average Cost | 5.14% | ' |
Securities- Amortized Cost | 11,544,000 | 12,456,000 |
Securities- Fair Value | 12,615,000 | 13,558,000 |
Mutual Funds [Member] | ' | ' |
Note 2 - Securities (Details) - Maturities of Securities and their Weighted Average Yields [Line Items] | ' | ' |
Securities- Weighted Average Cost | 2.11% | ' |
Securities- Amortized Cost | 1,393,000 | 1,386,000 |
Securities- Fair Value | $1,370,000 | $1,355,000 |
Note_3_Loans_and_Allowance_for2
Note 3 - Loans and Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Receivables [Abstract] | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | $1,066,796,000 | $1,022,956,000 | $1,053,243,000 |
Loans And Leases Receivable Period Increase (Decrease) | 13,600,000 | ' | ' |
Loans And Leases Receivable Percentage Period Increase (Decrease) | 1.30% | ' | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | $500,000 | ' | ' |
Loans Modified As Troubled Debt Restructuring Due Period | '30 days | '30 days | ' |
Note_3_Loans_and_Allowance_for3
Note 3 - Loans and Allowance for Loan Losses (Details) - Components of Loan Portfolio Disaggregated by Class of Loan and Percentage Change in Total Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | $1,066,796,000 | $1,053,243,000 | $1,022,956,000 |
Loans- Percentage | 100.00% | 100.00% | ' |
Loans-Percent Increase (Decrease) | 1.30% | ' | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | 289,009,000 | 286,373,000 | ' |
Loans- Percentage | 27.10% | 27.20% | ' |
Loans-Percent Increase (Decrease) | 0.90% | ' | ' |
Commercial Vacant Land And Land Development And Residential Construction Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | 37,190,000 | 36,741,000 | ' |
Loans- Percentage | 3.50% | 3.50% | ' |
Loans-Percent Increase (Decrease) | 1.20% | ' | ' |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | 264,299,000 | 261,877,000 | ' |
Loans- Percentage | 24.80% | 24.90% | ' |
Loans-Percent Increase (Decrease) | 0.90% | ' | ' |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | 378,034,000 | 364,066,000 | ' |
Loans- Percentage | 35.40% | 34.60% | ' |
Loans-Percent Increase (Decrease) | 3.80% | ' | ' |
Commercial Real Estate Multi Family And Residential Rental Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | 35,686,000 | 37,639,000 | ' |
Loans- Percentage | 3.30% | 3.50% | ' |
Loans-Percent Increase (Decrease) | -5.20% | ' | ' |
Commercial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | 1,004,218,000 | 986,696,000 | ' |
Loans- Percentage | 94.10% | 93.70% | ' |
Loans-Percent Increase (Decrease) | 1.80% | ' | ' |
Retail Home Equity And Other Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | 31,778,000 | 35,080,000 | ' |
Loans- Percentage | 3.00% | 3.30% | ' |
Loans-Percent Increase (Decrease) | -9.40% | ' | ' |
Retail Family Mortgages Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | 30,800,000 | 31,467,000 | ' |
Loans- Percentage | 2.90% | 3.00% | ' |
Loans-Percent Increase (Decrease) | -2.10% | ' | ' |
Retail Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans- Balance (in Dollars) | $62,578,000 | $66,547,000 | ' |
Loans- Percentage | 5.90% | 6.30% | ' |
Loans-Percent Increase (Decrease) | -6.00% | ' | ' |
Note_3_Loans_and_Allowance_for4
Note 3 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Nonperforming Loans [Abstract] | ' | ' |
Loans past due 90 days or more still accruing interest | $0 | $0 |
Nonaccrual loans | 6,342,000 | 6,718,000 |
Total nonperforming loans | $6,342,000 | $6,718,000 |
Note_3_Loans_and_Allowance_for5
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | $6,342,000 | $6,718,000 |
Commercial and Industrial [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | 919,000 | 1,501,000 |
Commercial Vacant Land And Land Development And Residential Construction Loan [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | 361,000 | 785,000 |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | 684,000 | 389,000 |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | 335,000 | 168,000 |
Commercial Real Estate Multi Family And Residential Rental Loan [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | 492,000 | 208,000 |
Commercial [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | 2,791,000 | 3,051,000 |
Retail Home Equity And Other Loan [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | 762,000 | 788,000 |
Retail Family Mortgages Loan [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | 2,789,000 | 2,879,000 |
Retail Loan [Member] | ' | ' |
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Principal Balance of Nonaccrual Loans [Line Items] | ' | ' |
Non Accrual Loans | $3,551,000 | $3,667,000 |
Note_3_Loans_and_Allowance_for6
Note 3 - Loans and Allowance for Loan Losses (Details) - Age Analysis of Past Due Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | $0 | $100,000 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 44,000 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 607,000 | 798,000 | ' |
Past Due Loans-Total Past Due | 607,000 | 942,000 | ' |
Past Due Loans-Current | 1,066,189,000 | 1,052,301,000 | ' |
Past Due Loans-Total Loans | 1,066,796,000 | 1,053,243,000 | 1,022,956,000 |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 0 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 121,000 | 309,000 | ' |
Past Due Loans-Total Past Due | 121,000 | 309,000 | ' |
Past Due Loans-Current | 288,888,000 | 286,064,000 | ' |
Past Due Loans-Total Loans | 289,009,000 | 286,373,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
Vacant Land,Land Developement and Residential Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 0 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 95,000 | 0 | ' |
Past Due Loans-Total Past Due | 95,000 | 0 | ' |
Past Due Loans-Current | 37,095,000 | 36,741,000 | ' |
Past Due Loans-Total Loans | 37,190,000 | 36,741,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
Real Estate-Owner Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 65,000 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 0 | 50,000 | ' |
Past Due Loans-Total Past Due | 0 | 115,000 | ' |
Past Due Loans-Current | 264,299,000 | 261,762,000 | ' |
Past Due Loans-Total Loans | 264,299,000 | 261,877,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
Real Estate-Non-Owner Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 0 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Total Past Due | 0 | 0 | ' |
Past Due Loans-Current | 378,034,000 | 364,066,000 | ' |
Past Due Loans-Total Loans | 378,034,000 | 364,066,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
Real Estate-Multi Family And Residential Rental [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 0 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 0 | 64,000 | ' |
Past Due Loans-Total Past Due | 0 | 64,000 | ' |
Past Due Loans-Current | 35,686,000 | 37,575,000 | ' |
Past Due Loans-Total Loans | 35,686,000 | 37,639,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
Commercial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 65,000 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 216,000 | 423,000 | ' |
Past Due Loans-Total Past Due | 216,000 | 488,000 | ' |
Past Due Loans-Current | 1,004,002,000 | 986,208,000 | ' |
Past Due Loans-Total Loans | 1,004,218,000 | 986,696,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
Home Equity and Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 14,000 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 0 | 0 | ' |
Past Due Loans-Total Past Due | 0 | 14,000 | ' |
Past Due Loans-Current | 31,778,000 | 35,066,000 | ' |
Past Due Loans-Total Loans | 31,778,000 | 35,080,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
One-Four Family Mortgages [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 21,000 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 44,000 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 391,000 | 375,000 | ' |
Past Due Loans-Total Past Due | 391,000 | 440,000 | ' |
Past Due Loans-Current | 30,409,000 | 31,027,000 | ' |
Past Due Loans-Total Loans | 30,800,000 | 31,467,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | 0 | 0 | ' |
Retail [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Past Due Loans-30-59 Days Past Due | 0 | 35,000 | ' |
Past Due Loans-60-89 Days Past Due | 0 | 44,000 | ' |
Past Due Loans-Greater Than 89 Days Past Due | 391,000 | 375,000 | ' |
Past Due Loans-Total Past Due | 391,000 | 454,000 | ' |
Past Due Loans-Current | 62,187,000 | 66,093,000 | ' |
Past Due Loans-Total Loans | 62,578,000 | 66,547,000 | ' |
Past Due Loans-Recorded Balance > 89 Days and Accruing | $0 | $0 | ' |
Note_3_Loans_and_Allowance_for7
Note 3 - Loans and Allowance for Loan Losses (Details) - Impaired Loans (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | $7,086,000 | $6,689,000 |
Loans with no related allowance recorded - recorded principal balance | 4,254,000 | 3,500,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 3,878,000 | 8,917,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 29,739,000 | 34,367,000 |
Loans with a related allowance recorded - recorded principal balance | 29,141,000 | 33,368,000 |
Loans with a related allowance recorded - related allowance | 10,479,000 | 12,386,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 31,254,000 | 41,044,000 |
Total impaired loans: | ' | ' |
Impaired loans - unpaid contractual principal balance | 36,825,000 | 41,056,000 |
Impaired loans - recorded principal balance | 33,395,000 | 36,868,000 |
Impaired loans - related allowance | 10,479,000 | 12,386,000 |
Impaired loans - year-to-date average recorded principal balance | 35,132,000 | 49,961,000 |
Commercial and Industrial [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 1,693,000 | 2,229,000 |
Loans with no related allowance recorded - recorded principal balance | 205,000 | 511,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 358,000 | 1,205,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 1,006,000 | 1,517,000 |
Loans with a related allowance recorded - recorded principal balance | 953,000 | 1,440,000 |
Loans with a related allowance recorded - related allowance | 451,000 | 792,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 1,197,000 | 1,880,000 |
Total impaired loans: | ' | ' |
Impaired loans - related allowance | 451,000 | 792,000 |
Vacant Land,Land Developement and Residential Construction [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 459,000 | 475,000 |
Loans with no related allowance recorded - recorded principal balance | 343,000 | 362,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 353,000 | 991,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 4,213,000 | 4,436,000 |
Loans with a related allowance recorded - recorded principal balance | 3,908,000 | 4,139,000 |
Loans with a related allowance recorded - related allowance | 728,000 | 844,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 4,023,000 | 3,354,000 |
Total impaired loans: | ' | ' |
Impaired loans - related allowance | 728,000 | 844,000 |
Real Estate-Owner Occupied [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 1,165,000 | 1,270,000 |
Loans with no related allowance recorded - recorded principal balance | 684,000 | 785,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 735,000 | 1,084,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 1,488,000 | 1,513,000 |
Loans with a related allowance recorded - recorded principal balance | 1,488,000 | 1,513,000 |
Loans with a related allowance recorded - related allowance | 455,000 | 528,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 1,500,000 | 2,550,000 |
Total impaired loans: | ' | ' |
Impaired loans - related allowance | 455,000 | 528,000 |
Real Estate-Non-Owner Occupied [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 1,831,000 | 895,000 |
Loans with no related allowance recorded - recorded principal balance | 1,761,000 | 733,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 1,247,000 | 4,049,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 19,470,000 | 21,088,000 |
Loans with a related allowance recorded - recorded principal balance | 19,451,000 | 21,072,000 |
Loans with a related allowance recorded - related allowance | 7,370,000 | 7,969,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 20,262,000 | 28,388,000 |
Total impaired loans: | ' | ' |
Impaired loans - related allowance | 7,370,000 | 7,969,000 |
Real Estate-Multi Family And Residential Rental [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 41,000 | 41,000 |
Loans with no related allowance recorded - recorded principal balance | 1,000 | 1,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 1,000 | 390,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 1,207,000 | 3,219,000 |
Loans with a related allowance recorded - recorded principal balance | 1,089,000 | 2,684,000 |
Loans with a related allowance recorded - related allowance | 504,000 | 1,127,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 1,886,000 | 2,915,000 |
Total impaired loans: | ' | ' |
Impaired loans - related allowance | 504,000 | 1,127,000 |
Commercial [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 5,189,000 | 4,910,000 |
Loans with no related allowance recorded - recorded principal balance | 2,994,000 | 2,392,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 2,694,000 | 7,719,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 27,384,000 | 31,773,000 |
Loans with a related allowance recorded - recorded principal balance | 26,889,000 | 30,848,000 |
Loans with a related allowance recorded - related allowance | 9,508,000 | 11,260,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 28,868,000 | 39,087,000 |
Total impaired loans: | ' | ' |
Impaired loans - unpaid contractual principal balance | 32,573,000 | 36,683,000 |
Impaired loans - recorded principal balance | 29,883,000 | 33,240,000 |
Impaired loans - related allowance | 9,508,000 | 11,260,000 |
Impaired loans - year-to-date average recorded principal balance | 31,562,000 | 46,806,000 |
Retail Home Equity and Other [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 707,000 | 507,000 |
Loans with no related allowance recorded - recorded principal balance | 649,000 | 461,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 555,000 | 471,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 118,000 | 320,000 |
Loans with a related allowance recorded - recorded principal balance | 92,000 | 289,000 |
Loans with a related allowance recorded - related allowance | 92,000 | 96,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 190,000 | 329,000 |
Total impaired loans: | ' | ' |
Impaired loans - related allowance | 92,000 | 96,000 |
Retail 1-4 Family Mortgages [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 1,190,000 | 1,272,000 |
Loans with no related allowance recorded - recorded principal balance | 611,000 | 647,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 629,000 | 727,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 2,237,000 | 2,274,000 |
Loans with a related allowance recorded - recorded principal balance | 2,160,000 | 2,231,000 |
Loans with a related allowance recorded - related allowance | 879,000 | 1,030,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 2,196,000 | 1,628,000 |
Total impaired loans: | ' | ' |
Impaired loans - related allowance | 879,000 | 1,030,000 |
Retail [Member] | ' | ' |
With no related allowance recorded: | ' | ' |
Loans with no related allowance recorded - unpaid contractual principal balance | 1,897,000 | 1,779,000 |
Loans with no related allowance recorded - recorded principal balance | 1,260,000 | 1,108,000 |
Loans with no related allowance recorded - year-to-date average recorded principal balance | 1,184,000 | 1,198,000 |
With an allowance recorded: | ' | ' |
Loans with a related allowance recorded - unpaid contractual principal balance | 2,355,000 | 2,594,000 |
Loans with a related allowance recorded - recorded principal balance | 2,252,000 | 2,520,000 |
Loans with a related allowance recorded - related allowance | 971,000 | 1,126,000 |
Loans with a related allowance recorded - year-to-date average recorded principal balance | 2,386,000 | 1,957,000 |
Total impaired loans: | ' | ' |
Impaired loans - unpaid contractual principal balance | 4,252,000 | 4,373,000 |
Impaired loans - recorded principal balance | 3,512,000 | 3,628,000 |
Impaired loans - related allowance | 971,000 | 1,126,000 |
Impaired loans - year-to-date average recorded principal balance | $3,570,000 | $3,155,000 |
Note_3_Loans_and_Allowance_for8
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans by Credit Quality Indicators (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | $1,066,796,000 | $1,053,243,000 | $1,022,956,000 |
Commercial and Industrial [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 197,051,000 | 208,151,000 | ' |
Commercial and Industrial [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 90,776,000 | 76,237,000 | ' |
Commercial and Industrial [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,182,000 | 1,985,000 | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 289,009,000 | 286,373,000 | ' |
Vacant Land,Land Developement and Residential Construction [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 7,993,000 | 6,973,000 | ' |
Vacant Land,Land Developement and Residential Construction [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 24,946,000 | 25,535,000 | ' |
Vacant Land,Land Developement and Residential Construction [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 4,251,000 | 4,233,000 | ' |
Vacant Land,Land Developement and Residential Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 37,190,000 | 36,741,000 | ' |
Real Estate-Owner Occupied [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 161,357,000 | 156,230,000 | ' |
Real Estate-Owner Occupied [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 99,484,000 | 103,066,000 | ' |
Real Estate-Owner Occupied [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 3,458,000 | 2,581,000 | ' |
Real Estate-Owner Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 264,299,000 | 261,877,000 | ' |
Real Estate-Non-Owner Occupied [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 232,226,000 | 219,325,000 | ' |
Real Estate-Non-Owner Occupied [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 124,526,000 | 122,717,000 | ' |
Real Estate-Non-Owner Occupied [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 21,282,000 | 22,024,000 | ' |
Real Estate-Non-Owner Occupied [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 378,034,000 | 364,066,000 | ' |
Real Estate-Multi Family And Residential Rental [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 15,411,000 | 15,465,000 | ' |
Real Estate-Multi Family And Residential Rental [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 19,167,000 | 19,469,000 | ' |
Real Estate-Multi Family And Residential Rental [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,108,000 | 2,705,000 | ' |
Real Estate-Multi Family And Residential Rental [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | $35,686,000 | $37,639,000 | ' |
Note_3_Loans_and_Allowance_for9
Note 3 - Loans and Allowance for Loan Losses (Details) - Retail Credit Risk by Collateral Type (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | $1,066,796,000 | $1,053,243,000 | $1,022,956,000 |
Retail Home Equity and Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 31,778,000 | 35,080,000 | ' |
Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | $30,800,000 | $31,467,000 | ' |
Recovered_Sheet1
Note 3 - Loans and Allowance for Loan Losses (Details) - Activity in Allowance for Loan Losses and the Recorded Investments in Loans (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Allowance for loan losses: | ' | ' | ' |
Beginning balance | $22,821,000 | $28,677,000 | ' |
Ending balance | 20,954,000 | 26,035,000 | ' |
Ending balance: individually evaluated for impairment | 10,479,000 | 14,893,000 | ' |
Ending balance: collectively evaluated for impairment | 10,475,000 | 11,142,000 | ' |
Provision for loan losses | -1,900,000 | -1,500,000 | ' |
Charge-offs | -588,000 | -2,415,000 | ' |
Recoveries | 621,000 | 1,273,000 | ' |
Total loans: | ' | ' | ' |
Ending balance | 1,066,796,000 | 1,022,956,000 | 1,053,243,000 |
Ending balance: individually evaluated for impairment | 33,395,000 | 51,700,000 | ' |
Ending balance: collectively evaluated for impairment | 1,033,401,000 | 971,256,000 | ' |
Commercial Loans [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Beginning balance | 20,455,000 | 26,043,000 | ' |
Ending balance | 19,001,000 | 23,717,000 | ' |
Ending balance: individually evaluated for impairment | 9,508,000 | 14,616,000 | ' |
Ending balance: collectively evaluated for impairment | 9,493,000 | 9,101,000 | ' |
Provision for loan losses | -1,454,000 | -1,164,000 | ' |
Charge-offs | -586,000 | -2,412,000 | ' |
Recoveries | 586,000 | 1,250,000 | ' |
Total loans: | ' | ' | ' |
Ending balance | 1,004,218,000 | 948,964,000 | ' |
Ending balance: individually evaluated for impairment | 29,883,000 | 49,636,000 | ' |
Ending balance: collectively evaluated for impairment | 974,335,000 | 899,328,000 | ' |
Retail Loans [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Beginning balance | 2,358,000 | 2,645,000 | ' |
Ending balance | 1,957,000 | 2,302,000 | ' |
Ending balance: individually evaluated for impairment | 971,000 | 277,000 | ' |
Ending balance: collectively evaluated for impairment | 986,000 | 2,025,000 | ' |
Provision for loan losses | -434,000 | -363,000 | ' |
Charge-offs | -2,000 | -3,000 | ' |
Recoveries | 35,000 | 23,000 | ' |
Total loans: | ' | ' | ' |
Ending balance | 62,578,000 | 73,992,000 | ' |
Ending balance: individually evaluated for impairment | 3,512,000 | 2,064,000 | ' |
Ending balance: collectively evaluated for impairment | 59,066,000 | 71,928,000 | ' |
Unallocated Loans [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Beginning balance | 8,000 | -11,000 | ' |
Ending balance | -4,000 | 16,000 | ' |
Ending balance: individually evaluated for impairment | 0 | 0 | ' |
Ending balance: collectively evaluated for impairment | -4,000 | 16,000 | ' |
Provision for loan losses | -12,000 | 27,000 | ' |
Charge-offs | 0 | 0 | ' |
Recoveries | $0 | $0 | ' |
Recovered_Sheet2
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 3 | 3 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | $368,000 | $2,943,000 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 337,000 | 2,943,000 |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 1 | 1 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 14,000 | 875,000 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 14,000 | 875,000 |
Vacant Land,Land Developement and Residential Construction [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 0 | 0 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 0 | 0 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 0 | 0 |
Real Estate-Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 0 | 0 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 0 | 0 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 0 | 0 |
Real Estate-Non-Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 2 | 2 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 354,000 | 2,068,000 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 323,000 | 2,068,000 |
Real Estate-Multi Family And Residential Rental [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 0 | 0 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 0 | 0 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 0 | 0 |
Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 3 | 3 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 368,000 | 2,943,000 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 337,000 | 2,943,000 |
Home Equity and Other [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 0 | 0 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 0 | 0 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 0 | 0 |
One-Four Family Mortgages [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 0 | 0 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 0 | 0 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | 0 | 0 |
Retail [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable Modification- Number of Contracts | 0 | 0 |
Financing Receivable Modification- Pre-Modification Recorded Principal Balance | 0 | 0 |
Financing Receivable Modification- Post Modification Recorded Principal Balance | $0 | $0 |
Recovered_Sheet3
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings Within the Previous Twelve Months That Became Over 30 Days Past Due (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Commercial: | ' | ' |
Number of Contracts | 0 | 1 |
Recorded Principal Balance | $0 | $44,000 |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 0 |
Recorded Principal Balance | 0 | 0 |
Vacant Land,Land Developement and Residential Construction [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 0 |
Recorded Principal Balance | 0 | 0 |
Real Estate-Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 1 |
Recorded Principal Balance | 0 | 44,000 |
Real Estate-Non-Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 0 |
Recorded Principal Balance | 0 | 0 |
Real Estate-Multi Family And Residential Rental [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 0 |
Recorded Principal Balance | 0 | 0 |
Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 1 |
Recorded Principal Balance | 0 | 44,000 |
Home Equity and Other [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 0 |
Recorded Principal Balance | 0 | 0 |
One-Four Family Mortgages [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 0 |
Recorded Principal Balance | 0 | 0 |
Retail [Member] | ' | ' |
Commercial: | ' | ' |
Number of Contracts | 0 | 0 |
Recorded Principal Balance | $0 | $0 |
Recovered_Sheet4
Note 3 - Loans and Allowance for Loan Losses (Details) - Activity for Commercial Loans Categorized as Troubled Debt Restructurings (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Commercial and Industrial [Member] | ' | ' |
Commercial Loan Portfolio: | ' | ' |
Beginning Balance | $1,656,000 | $2,720,000 |
Ending Balance | 1,404,000 | 3,268,000 |
Charge-Offs | 0 | -35,000 |
Payments | -266,000 | -514,000 |
Transfers to ORE | 0 | -74,000 |
Net Additions/Deletions | 14,000 | 1,171,000 |
Commercial Vacant Land And Land Development And Residential Construction Loan [Member] | ' | ' |
Commercial Loan Portfolio: | ' | ' |
Beginning Balance | 4,501,000 | 3,071,000 |
Ending Balance | 4,250,000 | 2,327,000 |
Charge-Offs | 0 | -695,000 |
Payments | -3,149,000 | -49,000 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 2,898,000 | 0 |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' |
Commercial Loan Portfolio: | ' | ' |
Beginning Balance | 1,816,000 | 4,116,000 |
Ending Balance | 1,756,000 | 3,879,000 |
Charge-Offs | -11,000 | 0 |
Payments | -49,000 | -61,000 |
Transfers to ORE | 0 | -363,000 |
Net Additions/Deletions | 0 | 187,000 |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' |
Commercial Loan Portfolio: | ' | ' |
Beginning Balance | 22,311,000 | 37,672,000 |
Ending Balance | 21,629,000 | 35,004,000 |
Charge-Offs | 0 | -711,000 |
Payments | -1,001,000 | -3,211,000 |
Transfers to ORE | 0 | -803,000 |
Net Additions/Deletions | 319,000 | 2,057,000 |
Commercial Real Estate Multi Family And Residential Rental Loan [Member] | ' | ' |
Commercial Loan Portfolio: | ' | ' |
Beginning Balance | 2,620,000 | 3,027,000 |
Ending Balance | 732,000 | 2,958,000 |
Charge-Offs | -420,000 | -15,000 |
Payments | -1,468,000 | -54,000 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | $0 | $0 |
Recovered_Sheet5
Note 3 - Loans and Allowance for Loan Losses (Details) - Activity for Retail Loans Categorized as Troubled Debt Restructurings (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Retail Home Equity and Other [Member] | ' | ' |
Retail Loan Portfolio: | ' | ' |
Beginning Balance | $0 | $0 |
Ending Balance | 0 | 0 |
Charge-Offs | 0 | 0 |
Payments | 0 | 0 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | 0 | 0 |
Retail 1-4 Family Mortgages [Member] | ' | ' |
Retail Loan Portfolio: | ' | ' |
Beginning Balance | 2,191,000 | 154,000 |
Ending Balance | 2,122,000 | 152,000 |
Charge-Offs | 0 | 0 |
Payments | -69,000 | -2,000 |
Transfers to ORE | 0 | 0 |
Net Additions/Deletions | $0 | $0 |
Recovered_Sheet6
Note 3 - Loans and Allowance for Loan Losses (Details) - The Allowance Related to Loans Categorized as Troubled Debt Restructurings (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | $20,954,000 | $22,821,000 | $26,035,000 | $28,677,000 |
Commercial and Industrial [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 95,000 | 187,000 | ' | ' |
Vacant Land,Land Developement and Residential Construction [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 695,000 | 798,000 | ' | ' |
Commercial Real Estate Owner Occupied Loan [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 455,000 | 528,000 | ' | ' |
Commercial Real Estate Non Owner Occupied Loan [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 7,236,000 | 7,828,000 | ' | ' |
Commercial Real Estate Multi Family And Residential Rental Loan [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 304,000 | 1,010,000 | ' | ' |
Commercial [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 8,785,000 | 10,351,000 | ' | ' |
Home Equity and Other [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 0 | 0 | ' | ' |
Retail 1-4 Family Mortgages [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 32,000 | 0 | ' | ' |
Retail [Member] | Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | 32,000 | 0 | ' | ' |
Financing Receivable Troubled Debt Restructuring [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Allowance for losses, troubled debt restructurings | $8,817,000 | $10,351,000 | ' | ' |
Note_4_Premises_and_EquipmentN2
Note 4 - Premises and Equipment,Net (Details) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Property, Plant and Equipment [Abstract] | ' | ' |
Depreciation | $0.30 | $0.30 |
Note_4_Premises_and_EquipmentN3
Note 4 - Premises and Equipment,Net (Details) - Summary of Premises and Equipment (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and Equipment | $46,299,000 | $46,007,000 |
Less: accumulated depreciation | 21,432,000 | 21,109,000 |
Premises and equipment, net | 24,867,000 | 24,898,000 |
Land Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and Equipment | 8,556,000 | 8,556,000 |
Building [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and Equipment | 24,742,000 | 24,733,000 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and Equipment | $13,001,000 | $12,718,000 |
Note_5_Deposits_Details
Note 5 - Deposits (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' | ' |
Deposits | $1,108,251,000 | $1,118,911,000 |
Change in Deposit Liabilities | ($10,700,000) | ' |
Percentage of Decrease in Aggregate Deposits | 1.00% | ' |
Note_5_Deposits_Details_The_Co
Note 5 - Deposits (Details) - The Components of Outstanding Balances and Percentage Change in Deposits (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 | |
The Components of Outstanding Balances and Percentage Change in Deposits [Abstract] | ' | ' |
Noninterest-bearing checking (in Dollars) | $230,709,000 | $224,580,000 |
Noninterest-bearing checking | 20.80% | 20.10% |
Noninterest-bearing checking | 2.70% | ' |
Interest-bearing checking (in Dollars) | 189,971,000 | 197,388,000 |
Interest-bearing checking | 17.10% | 17.60% |
Interest-bearing checking | -3.80% | ' |
Money market (in Dollars) | 135,931,000 | 133,369,000 |
Money market | 12.30% | 11.90% |
Money market | 1.90% | ' |
Savings (in Dollars) | 54,815,000 | 52,606,000 |
Savings | 5.00% | 4.70% |
Savings | 4.20% | ' |
Time, under $100,000 (in Dollars) | 42,261,000 | 43,251,000 |
Time, under $100,000 | 3.80% | 3.90% |
Time, under $100,000 | -2.30% | ' |
Time, $100,000 and over (in Dollars) | 263,998,000 | 254,600,000 |
Time, $100,000 and over | 23.80% | 22.80% |
Time, $100,000 and over | 3.70% | ' |
(in Dollars) | 917,685,000 | 905,794,000 |
82.80% | 81.00% | |
1.30% | ' | |
Out-of-area time, under $100,000 (in Dollars) | 3,645,000 | 4,078,000 |
Out-of-area time, under $100,000 | 0.30% | 0.40% |
Out-of-area time, under $100,000 | -10.60% | ' |
Out-of-area time, $100,000 and over (in Dollars) | 186,921,000 | 209,039,000 |
Out-of-area time, $100,000 and over | 16.90% | 18.60% |
Out-of-area time, $100,000 and over | -10.60% | ' |
(in Dollars) | 190,566,000 | 213,117,000 |
17.20% | 19.00% | |
-10.60% | ' | |
Total deposits (in Dollars) | $1,108,251,000 | $1,118,911,000 |
Total deposits | 100.00% | 100.00% |
Total deposits | -1.00% | ' |
Note_6_Securities_Sold_Under_A2
Note 6 - Securities Sold Under Agreements to Repurchase (Details) | 3 Months Ended |
Mar. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Repurchase Agreements, Maturities | 'less than one year |
Note_6_Securities_Sold_Under_A3
Note 6 - Securities Sold Under Agreements to Repurchase (Details) - Securities Sold Under Agreement To Repurchase (USD $) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Dec. 31, 2013 | |
Securities Sold Under Agreement To Repurchase [Abstract] | ' | ' |
Outstanding balance at end of period | $63,165,000 | $69,305,000 |
Average interest rate at end of period | 0.13% | 0.12% |
Average daily balance during the period | 76,412,000 | 65,939,000 |
Average interest rate during the period | 0.12% | 0.12% |
Maximum daily balance during the period | $91,303,000 | $78,960,000 |
Note_7_Federal_Home_Loan_Bank_2
Note 7 - Federal Home Loan Bank Advances (Details) (USD $) | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 |
Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | ||||
Note 7 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Long-term Federal Home Loan Bank Advances (in Dollars) | ' | $45,000,000 | $45,000,000 | ' | ' | ' | ' |
Federal Home Loan Bank Advances Maturity Due Date Earlies | ' | 'March 2017 | 'March 2017 | ' | ' | ' | ' |
Federal Home Loan Bank Advances Maturity Due Date Last | ' | 'September 2017 | 'September 2017 | ' | ' | ' | ' |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate, Range from | ' | ' | ' | 1.22% | 1.22% | ' | ' |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate, Range to | ' | ' | ' | ' | ' | 1.51% | 1.51% |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Weighted Average Interest Rate | 1.34% | ' | 1.34% | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | ' | 179,000,000 | ' | ' | ' | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars) | ' | $129,000,000 | ' | ' | ' | ' | ' |
Note_7_Federal_Home_Loan_Bank_3
Note 7 - Federal Home Loan Bank Advances (Details) - Maturities of Currently Outstanding FHLB Advances (USD $) | Mar. 31, 2014 |
Maturities of Currently Outstanding FHLB Advances [Abstract] | ' |
2014 | $0 |
2015 | 0 |
2016 | 0 |
2017 | 45,000,000 |
2018 | $0 |
Note_8_Commitments_and_OffBala2
Note 8 - Commitments and Off-Balance Sheet Risk (Details) (USD $) | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 |
Interest Rate Swap Agreement [Member] | Minimum [Member] | Maximum [Member] | |||
Note 8 - Commitments and Off-Balance Sheet Risk (Details) [Line Items] | ' | ' | ' | ' | ' |
Reserve Or Liability Balance For Financial Instruments With Off Balance Sheet Risk | $0 | $0 | ' | ' | ' |
Derivative, Notional Amount | ' | ' | 17,800,000 | ' | ' |
Derivative, Fair Value, Net | ($2,500,000) | ' | ' | ' | ' |
Fees Accreted Into Income During Interest Rate Swap Agreements Term | ' | ' | ' | '4 years | '15 years |
Note_8_Commitments_and_OffBala3
Note 8 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Note 8 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | $519,882,000 | $374,543,000 |
Commercial Unused Line Of Credit [Member] | ' | ' |
Note 8 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 263,387,000 | 257,937,000 |
Unused Lines of Credit Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Note 8 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 22,994,000 | 23,429,000 |
Credit Card Unused Lines of Credit [Member] | ' | ' |
Note 8 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 8,929,000 | 9,013,000 |
Other Consumer Unused Lines of Credit [Member] | ' | ' |
Note 8 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 4,819,000 | 5,695,000 |
Commitments to Make Loans [Member] | ' | ' |
Note 8 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 200,374,000 | 58,799,000 |
Standby Letter of Credit [Member] | ' | ' |
Note 8 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | $19,379,000 | $19,670,000 |
Note_9_Hedging_Activities_Deta
Note 9 - Hedging Activities (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Feb. 29, 2012 |
In Millions, unless otherwise specified | |||
Note 9 - Hedging Activities (Details) [Line Items] | ' | ' | ' |
Trust Preferred Securities | ' | ' | $32 |
Fair Value Of Interest Rate Swap Agreement Liability | 0.2 | 0.3 | ' |
London Interbank Offered Rate (LIBOR) [Member] | ' | ' | ' |
Note 9 - Hedging Activities (Details) [Line Items] | ' | ' | ' |
Fixed Spread Added To Variable Rate On Our Trust Preferred Securities | ' | ' | 2.18% |
Derivative, Notional Amount | ' | ' | $32 |
Note_10_Fair_Values_Of_Financi2
Note 10 - Fair Values Of Financial Instruments (Details) - Fair Value Hierarchy of Financial Instruments (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | ||
Financial assets: | ' | ' | ||
Securities available for sale | $141,097,000 | $131,178,000 | ||
Securities available for sale | 141,097,000 | 131,178,000 | ||
FHLB stock | 11,961,000 | 11,961,000 | ||
Bank owned life insurance | 51,667,000 | 51,377,000 | ||
Accrued interest receivable | 3,861,000 | 3,649,000 | ||
Financial liabilities: | ' | ' | ||
Deposits | 1,108,251,000 | 1,118,911,000 | ||
Repurchase agreements | 63,165,000 | 69,305,000 | ||
Accrued interest payable | 6,420,000 | 7,435,000 | ||
Carrying Amount [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Cash | 1,699,000 | 1,464,000 | ||
Carrying Amount [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Cash equivalents | 108,248,000 | 145,501,000 | ||
Bank owned life insurance | 51,667,000 | 51,377,000 | ||
Accrued interest receivable | 3,861,000 | 3,649,000 | ||
Financial liabilities: | ' | ' | ||
Deposits | 1,108,251,000 | 1,118,911,000 | ||
Repurchase agreements | 63,165,000 | 69,305,000 | ||
FHLB advances | 45,000,000 | 45,000,000 | ||
Subordinated debentures | 32,990,000 | 32,990,000 | ||
Accrued interest payable | 1,431,000 | 2,041,000 | ||
Carrying Amount [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Loans, net | 1,045,842,000 | 1,030,422,000 | ||
Carrying Amount [Member] | Interest Rate Swap [Member] | ' | ' | ||
Financial liabilities: | ' | ' | ||
Interest rate swap | 250,000 | [1] | 264,000 | [1] |
Carrying Amount [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Securities available for sale | 141,097,000 | [1] | 131,178,000 | [1] |
Securities available for sale | 141,097,000 | [1] | 131,178,000 | [1] |
FHLB stock | 11,961,000 | [2] | 11,961,000 | [2] |
Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Cash | 1,699,000 | 1,464,000 | ||
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Cash equivalents | 108,248,000 | 145,501,000 | ||
Bank owned life insurance | 51,667,000 | 51,377,000 | ||
Accrued interest receivable | 3,861,000 | 3,649,000 | ||
Financial liabilities: | ' | ' | ||
Deposits | 1,110,957,000 | 1,120,576,000 | ||
Repurchase agreements | 63,165,000 | 69,305,000 | ||
FHLB advances | 45,035,000 | 45,139,000 | ||
Subordinated debentures | 32,959,000 | 32,974,000 | ||
Accrued interest payable | 1,431,000 | 2,041,000 | ||
Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Loans, net | 1,045,151,000 | 1,027,300,000 | ||
Fair Value [Member] | Interest Rate Swap [Member] | ' | ' | ||
Financial liabilities: | ' | ' | ||
Interest rate swap | 250,000 | [1] | 264,000 | [1] |
Fair Value [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Securities available for sale | 141,097,000 | [1] | 131,178,000 | [1] |
Securities available for sale | 141,097,000 | [1] | 131,178,000 | [1] |
FHLB stock | $11,961,000 | [2] | $11,961,000 | [2] |
[1] | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. | |||
[2] | It is not practical to determine the fair value of FHLB stock due to transferability restrictions. |
Note_11_Fair_Values_Details
Note 11 - Fair Values (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 | |
Fair Value Disclosures [Abstract] | ' | ' |
Loans Held-for-sale, Mortgages | $1,700,000 | $1,100,000 |
Fair Value Transfers In Or Out Of Level One Level Two Or Level Three | $0 | ' |
Note_11_Fair_Values_Details_As
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | $141,097,000 | $131,178,000 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 109,294,000 | 98,477,000 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 109,294,000 | 98,477,000 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 109,294,000 | 98,477,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 12,615,000 | 13,558,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 12,615,000 | 13,558,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 12,615,000 | 13,558,000 |
Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 16,899,000 | 16,872,000 |
Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 16,899,000 | 16,872,000 |
Municipal General Obligation Bonds [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 16,899,000 | 16,872,000 |
Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 919,000 | 916,000 |
Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
Municipal Revenue Bonds [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 919,000 | 916,000 |
Municipal Revenue Bonds [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 919,000 | 916,000 |
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 1,370,000 | 1,355,000 |
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 0 | 0 |
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 1,370,000 | 1,355,000 |
Mutual Funds [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Available for sale securities | 1,370,000 | 1,355,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets and Liabilities measured at fair value on recurring basis | ' | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets and Liabilities measured at fair value on recurring basis | ' | 130,914,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets and Liabilities measured at fair value on recurring basis | ' | 0 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Assets and Liabilities measured at fair value on recurring basis | ' | 130,914,000 |
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Derivative | 0 | 0 |
Assets and Liabilities measured at fair value on recurring basis | 0 | ' |
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Derivative | -250,000 | -264,000 |
Assets and Liabilities measured at fair value on recurring basis | 140,847,000 | ' |
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Derivative | 0 | 0 |
Assets and Liabilities measured at fair value on recurring basis | 0 | ' |
Interest Rate Swap [Member] | ' | ' |
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' |
Derivative | -250,000 | -264,000 |
Assets and Liabilities measured at fair value on recurring basis | $140,847,000 | ' |
Note_11_Fair_Values_Details_As1
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Fair Value, Measurements, Nonrecurring [Member], USD $) | Mar. 31, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | $21,152,000 | [1] | $23,405,000 | [1] |
Foreclosed assets | 2,350,000 | [1] | 2,851,000 | [1] |
Total | 23,502,000 | 26,256,000 | ||
Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | 0 | [1] | 0 | [1] |
Foreclosed assets | 0 | [1] | 0 | [1] |
Total | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | 0 | [1] | 0 | [1] |
Foreclosed assets | 0 | [1] | 0 | [1] |
Total | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 11 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | 21,152,000 | [1] | 23,405,000 | [1] |
Foreclosed assets | 2,350,000 | [1] | 2,851,000 | [1] |
Total | $23,502,000 | $26,256,000 | ||
[1] | Represents carrying value and related write-downs for which adjustments are based on the estimated value of the property or other assets. |
Note_12_Regulatory_Matters_Det
Note 12 - Regulatory Matters (Details) (USD $) | 0 Months Ended | 3 Months Ended | ||||
Mar. 10, 2014 | Feb. 10, 2014 | Jan. 16, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2009 | |
Disclosure Text Block [Abstract] | ' | ' | ' | ' | ' | ' |
Trust Preferred Securities Included in Tier One Capital | ' | ' | ' | $32,000,000 | $32,000,000 | ' |
Maximum Restricted Core Element Allowed in Tier One Capital Percent | ' | ' | ' | 25.00% | ' | ' |
Maximum Level of Consolidated Aggregate Assets Allowing for Inclusion of Trust Preferred Securities in Tier One Capital Under Dodd Frank Act | ' | ' | ' | ' | ' | $15,000,000,000 |
Dividends Payable, Date Declared | ' | ' | 16-Jan-14 | ' | ' | ' |
Common Stock, Dividends, Per Share, Declared | ' | ' | $0.12 | ' | ' | ' |
Dividends Payable, Date to be Paid | 10-Mar-14 | ' | ' | ' | ' | ' |
Dividends Payable, Date of Record | ' | 10-Feb-14 | ' | ' | ' | ' |
Note_12_Regulatory_Matters_Det1
Note 12 - Regulatory Matters (Details) - Summary of Actual Capital Levels and Minimum Levels (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Consolidated Entities [Member] | ' | ' |
Total capital (to risk weighted assets) | ' | ' |
Total capital (to risk weighted assets), actual amount | $198,667 | $193,925 |
Total capital (to risk weighted assets), actual ratio | 16.20% | 15.90% |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes amount | 98,218 | 97,498 |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 8.00% | 8.00% |
Total capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | ' | ' |
Total capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations ratio | ' | ' |
Tier 1 capital (to risk weighted assets) | ' | ' |
Tier 1 capital (to risk weighted assets), actual amount | 183,251 | 178,598 |
Tier 1 capital (to risk weighted assets), actual ratio | 14.90% | 14.70% |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes amount | 49,109 | 48,749 |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | ' | ' |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations ratio | ' | ' |
Tier 1 capital (to average assets) | ' | ' |
Tier 1 capital (to average assets), actual amount | 183,251 | 178,598 |
Tier 1 capital (to average assets), actual ratio | 13.00% | 12.50% |
Tier 1 capital (to average assets), minimum required for capital adequacy purposes amount | 56,409 | 57,006 |
Tier 1 capital (to risk average assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to risk average assets), minimum required to be well capitalized under prompt corrective action regulations amount | ' | ' |
Tier 1 capital (to risk average assets), minimum required to be well capitalized under prompt corrective action regulations ratio | ' | ' |
Bank [Member] | ' | ' |
Total capital (to risk weighted assets) | ' | ' |
Total capital (to risk weighted assets), actual amount | 196,418 | 190,493 |
Total capital (to risk weighted assets), actual ratio | 16.00% | 15.70% |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes amount | 98,168 | 97,329 |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 8.00% | 8.00% |
Total capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | 122,710 | 121,662 |
Total capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations ratio | 10.00% | 10.00% |
Tier 1 capital (to risk weighted assets) | ' | ' |
Tier 1 capital (to risk weighted assets), actual amount | 181,010 | 175,192 |
Tier 1 capital (to risk weighted assets), actual ratio | 14.80% | 14.40% |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes amount | 49,084 | 48,665 |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations amount | 73,626 | 72,997 |
Tier 1 capital (to risk weighted assets), minimum required to be well capitalized under prompt corrective action regulations ratio | 6.00% | 6.00% |
Tier 1 capital (to average assets) | ' | ' |
Tier 1 capital (to average assets), actual amount | 181,010 | 175,192 |
Tier 1 capital (to average assets), actual ratio | 12.80% | 12.30% |
Tier 1 capital (to average assets), minimum required for capital adequacy purposes amount | 56,414 | 56,860 |
Tier 1 capital (to risk average assets), minimum required for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital (to risk average assets), minimum required to be well capitalized under prompt corrective action regulations amount | $70,518 | $71,075 |
Tier 1 capital (to risk average assets), minimum required to be well capitalized under prompt corrective action regulations ratio | 5.00% | 5.00% |