Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 07, 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 | ' | 16,862,799 |
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 | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
ASSETS | ' | ' | ||
Cash and due from banks | $49,707,000 | $17,149,000 | ||
Interest-bearing deposits | 72,443,000 | 6,389,000 | ||
Federal funds sold | 10,102,000 | 123,427,000 | ||
Total cash and cash equivalents | 132,252,000 | 146,965,000 | ||
Securities available for sale | 454,009,000 | [1] | 131,178,000 | [1] |
Federal Home Loan Bank stock | 19,226,000 | [2] | 11,961,000 | [2] |
Loans | 2,068,265,000 | 1,053,243,000 | ||
Allowance for loan losses | -20,374,000 | -22,821,000 | ||
Loans, net | 2,047,891,000 | 1,030,422,000 | ||
Premises and equipment, net | 48,570,000 | 24,898,000 | ||
Bank owned life insurance | 55,992,000 | 51,377,000 | ||
Goodwill | 50,870,000 | 0 | ||
Core deposit intangible | 16,418,000 | 0 | ||
Accrued interest and other assets | 37,876,000 | 30,165,000 | ||
Total assets | 2,863,104,000 | 1,426,966,000 | ||
Deposits | ' | ' | ||
Noninterest-bearing | 535,101,000 | 224,580,000 | ||
Interest-bearing | 1,736,607,000 | 894,331,000 | ||
Total deposits | 2,271,708,000 | 1,118,911,000 | ||
Securities sold under agreements to repurchase | 142,869,000 | 69,305,000 | ||
Federal Home Loan Bank advances | 57,033,000 | 45,000,000 | ||
Subordinated debentures | 54,301,000 | 32,990,000 | ||
Accrued interest and other liabilities | 16,200,000 | 7,435,000 | ||
Total liabilities | 2,542,111,000 | 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; 40,000,000 shares authorized; 16,862,583 shares outstanding at September 30, 2014 and 8,739,108 shares outstanding at December 31, 2013 | 317,374,000 | 162,999,000 | ||
Retained earnings (deficit) | 5,948,000 | -4,101,000 | ||
Accumulated other comprehensive income (loss) | -2,329,000 | -5,573,000 | ||
Total shareholders’ equity | 320,993,000 | 153,325,000 | ||
Total liabilities and shareholders’ equity | $2,863,104,000 | $1,426,966,000 | ||
[1] | See Note 12 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. |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 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 | 40,000,000 | 40,000,000 |
Common stock, shares outstanding | 16,862,583 | 8,739,108 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Interest income | ' | ' | ' | ' |
Loans, including fees | $26,323,000 | $13,411,000 | $55,079,000 | $38,944,000 |
Securities, taxable | 1,992,000 | 1,003,000 | 4,619,000 | 3,017,000 |
Securities, tax-exempt | 553,000 | 211,000 | 1,110,000 | 763,000 |
Federal funds sold | 7,000 | 38,000 | 117,000 | 127,000 |
Interest-bearing deposits | 25,000 | 4,000 | 46,000 | 17,000 |
Total interest income | 28,900,000 | 14,667,000 | 60,971,000 | 42,868,000 |
Interest expense | ' | ' | ' | ' |
Deposits | 1,971,000 | 2,190,000 | 6,279,000 | 6,733,000 |
Short-term borrowings | 34,000 | 19,000 | 83,000 | 57,000 |
Federal Home Loan Bank advances | 166,000 | 141,000 | 472,000 | 379,000 |
Other borrowings | 740,000 | 323,000 | 1,532,000 | 938,000 |
Total interest expense | 2,911,000 | 2,673,000 | 8,366,000 | 8,107,000 |
Net interest income | 25,989,000 | 11,994,000 | 52,605,000 | 34,761,000 |
Provision for loan losses | -400,000 | -1,700,000 | -3,000,000 | -4,700,000 |
Net interest income after provision for loan losses | 26,389,000 | 13,694,000 | 55,605,000 | 39,461,000 |
Noninterest income | ' | ' | ' | ' |
Services charges on accounts | 807,000 | 397,000 | 1,749,000 | 1,155,000 |
Earnings on bank owned life insurance | 299,000 | 337,000 | 880,000 | 1,025,000 |
Mortgage banking activities | 569,000 | 194,000 | 981,000 | 671,000 |
Other income | 1,224,000 | 755,000 | 3,085,000 | 2,430,000 |
Total noninterest income | 2,899,000 | 1,683,000 | 6,695,000 | 5,281,000 |
Noninterest expense | ' | ' | ' | ' |
Salaries and benefits | 10,685,000 | 5,256,000 | 23,393,000 | 15,094,000 |
Occupancy | 1,515,000 | 639,000 | 3,141,000 | 1,921,000 |
Furniture and equipment | 560,000 | 242,000 | 1,175,000 | 754,000 |
FDIC insurance costs | 331,000 | 184,000 | 733,000 | 604,000 |
Problem asset costs | 235,000 | 373,000 | 179,000 | 783,000 |
Merger-related costs | 1,250,000 | 719,000 | 5,081,000 | 779,000 |
Other expense | 6,165,000 | 2,509,000 | 12,312,000 | 7,383,000 |
Total noninterest expenses | 20,741,000 | 9,922,000 | 46,014,000 | 27,318,000 |
Income before federal income tax expense | 8,547,000 | 5,455,000 | 16,286,000 | 17,424,000 |
Federal income tax expense | 2,600,000 | 2,002,000 | 5,248,000 | 5,554,000 |
Net income | $5,947,000 | $3,453,000 | $11,038,000 | $11,870,000 |
Basic earnings per share (in Dollars per share) | $0.35 | $0.40 | $0.89 | $1.36 |
Diluted earnings per share (in Dollars per share) | $0.35 | $0.40 | $0.89 | $1.36 |
Cash dividends per share (in Dollars per share) | $0.12 | $0.12 | $2.36 | $0.33 |
Average basic shares outstanding (in Shares) | 16,852,050 | 8,707,038 | 12,362,316 | 8,706,133 |
Average diluted shares outstanding (in Shares) | 16,926,249 | 8,725,268 | 12,399,009 | 8,719,956 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Net income | $5,947,000 | $3,453,000 | $11,038,000 | $11,870,000 |
Other comprehensive income (loss): | ' | ' | ' | ' |
Unrealized holding gains (losses) on securities available for sale | 712,000 | -5,376,000 | 4,861,000 | -10,165,000 |
Fair value of interest rate swap | 255,000 | -79,000 | 128,000 | 718,000 |
967,000 | -5,455,000 | 4,989,000 | -9,447,000 | |
Tax effect of unrealized holding gains (losses) on securities available for sale | -220,000 | 1,841,000 | -1,701,000 | 3,517,000 |
Tax effect of fair value of interest rate swap | -90,000 | -25,000 | -44,000 | -251,000 |
-310,000 | 1,816,000 | -1,745,000 | 3,266,000 | |
Other comprehensive income (loss), net of tax | 657,000 | -3,639,000 | 3,244,000 | -6,181,000 |
Comprehensive income (loss) | $6,604,000 | ($186,000) | $14,282,000 | $5,689,000 |
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 | ' | 19,000 | ' | ' | 19,000 |
Dividend reinvestment plan | ' | 33,000 | ' | ' | 33,000 |
Stock option exercises | ' | 52,000 | ' | ' | 52,000 |
Stock tendered for stock option exercises (2,419 shares) | ' | -52,000 | ' | ' | -52,000 |
Stock-based compensation expense | ' | 354,000 | ' | ' | 354,000 |
Cash dividends | ' | -2,851,000 | ' | ' | -2,851,000 |
Net income | ' | ' | 11,870,000 | ' | 11,870,000 |
Change in net unrealized holding gain on securities available for sale, net of tax effect | ' | ' | ' | -6,648,000 | -6,648,000 |
Change in fair value of interest rate swap, net of tax effect | ' | ' | ' | 467,000 | 467,000 |
Balances at Sep. 30, 2013 | 0 | 163,629,000 | -9,264,000 | -4,531,000 | 149,834,000 |
Balances at Dec. 31, 2013 | 0 | 162,999,000 | -4,101,000 | -5,573,000 | 153,325,000 |
Employee stock purchase plan | ' | 10,000 | ' | ' | 10,000 |
Dividend reinvestment plan | ' | 90,000 | ' | ' | 90,000 |
Stock option exercises | ' | 229,000 | ' | ' | 229,000 |
Stock grants to directors for retainer fees (7,375 shares) | ' | 155,000 | ' | ' | 155,000 |
Stock-based compensation expense | ' | 364,000 | ' | ' | 364,000 |
Cash dividends | ' | -21,447,000 | -989,000 | ' | -22,436,000 |
Common stock issued in connection with Firstbank merger (8,087,272 shares) | ' | 173,310,000 | ' | ' | 173,310,000 |
Stock options issued to replace existing Firstbank options at merger date | ' | 1,664,000 | ' | ' | 1,664,000 |
Net income | ' | ' | 11,038,000 | ' | 11,038,000 |
Change in net unrealized holding gain on securities available for sale, net of tax effect | ' | ' | ' | 3,160,000 | 3,160,000 |
Change in fair value of interest rate swap, net of tax effect | ' | ' | ' | 84,000 | 84,000 |
Balances at Sep. 30, 2014 | $0 | $317,374,000 | $5,948,000 | ($2,329,000) | $320,993,000 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Cash dividends per common share (in Dollars per share) | $2.36 | $0.33 |
Common Stock [Member] | ' | ' |
Employee stock purchase plan, shares | 523 | 1,098 |
Dividend reinvestment plan, shares | 4,695 | 1,954 |
Stock option exercises | 24,110 | 2,950 |
Stock grants to directors for retainer fees | 7,375 | ' |
Common stock issued in connection with Firstbank merger | 8,087,272 | ' |
Stock tendered for stock option exercises | ' | 2,419 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Cash flows from operating activities | ' | ' |
Net income | $11,038,000 | $11,870,000 |
Adjustments to reconcile net income to net cash from operating activities | ' | ' |
Depreciation and amortization | 4,734,000 | 1,629,000 |
Accretion of acquired loans | -1,687,000 | 0 |
Provision for loan losses | -3,000,000 | -4,700,000 |
Stock-based compensation expense | 364,000 | 354,000 |
Proceeds from sales of mortgage loans held for sale | 41,246,000 | 43,789,000 |
Origination of mortgage loans held for sale | -40,481,000 | -41,147,000 |
Net gain from sales of mortgage loans held for sale | -935,000 | -550,000 |
Net gain from sales and valuation write-down of foreclosed assets | -721,000 | -1,024,000 |
Earnings on bank owned life insurance | -880,000 | -1,025,000 |
Net change in: | ' | ' |
Accrued interest receivable | -269,000 | 97,000 |
Other assets | 184,000 | 13,451,000 |
Accrued interest and other liabilities | -5,155,000 | -776,000 |
Net cash from operating activities | 4,438,000 | 21,968,000 |
Cash flows from investing activities | ' | ' |
Cash received in merger | 91,806,000 | 0 |
Loan originations and payments, net | -70,034,000 | -37,232,000 |
Purchases of securities available for sale | -14,379,000 | -37,492,000 |
Proceeds from maturities, calls and repayments of securities available for sale | 46,445,000 | 31,578,000 |
Proceeds from sales of securities available for sale | 0 | 10,310,000 |
Proceeds from sales of foreclosed assets | 3,184,000 | 6,505,000 |
Purchases of premises and equipment | -1,167,000 | -250,000 |
Net cash from (for) investing activities | 55,855,000 | -26,581,000 |
Cash flows from financing activities | ' | ' |
Net decrease in time deposits | -40,963,000 | -13,871,000 |
Net increase (decrease) in all other deposits | -35,065,000 | 176,000 |
Net increase in securities sold under agreements to repurchase | 19,080,000 | 915,000 |
Proceeds from Federal Home Loan Bank advances | 0 | 10,000,000 |
Net increase in other borrowed money | 3,894,000 | 107,000 |
Proceeds from stock option exercises | 229,000 | 0 |
Employee stock purchase plan | 10,000 | 19,000 |
Dividend reinvestment plan | 90,000 | 33,000 |
Stock grants to directors for retainer fee | 155,000 | 0 |
Payment of cash dividends to common shareholders | -22,436,000 | -2,851,000 |
Net cash for financing activities | -75,006,000 | -5,472,000 |
Net change in cash and cash equivalents | -14,713,000 | -10,085,000 |
Cash and cash equivalents at beginning of period | 146,965,000 | 136,003,000 |
Cash and cash equivalents at end of period | 132,252,000 | 125,918,000 |
Cash paid during the period for: | ' | ' |
Interest | 8,574,000 | 8,779,000 |
Federal income tax | 1,575,000 | 0 |
Noncash financing and investing activities: | ' | ' |
Transfers from loans to foreclosed assets | $1,084,000 | $2,060,000 |
Note_1_Significant_Accounting_
Note 1 - Significant Accounting Policies | 9 Months Ended | |
Sep. 30, 2014 | ||
Accounting Policies [Abstract] | ' | |
Significant Accounting Policies [Text Block] | ' | |
1 | SIGNIFICANT ACCOUNTING POLICIES | |
Basis of Presentation: The unaudited financial statements for the nine months ended September 30, 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 September 30, 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 have five separate business trusts that were formed to issue trust preferred securities. Subordinated debentures were issued to the trusts in return for the proceeds raised from the issuance of the trust preferred securities. The trusts are not consolidated, but instead we report the subordinated debentures issued to the trusts 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. | ||
Stock options for approximately 141,000 shares of common stock were included in determining diluted earnings per share for the three and nine months ended September 30, 2014. Stock options for approximately 175,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and nine months ended September 30, 2014. | ||
Approximately 64,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three and nine months ended September 30, 2013. In addition, stock options for approximately 54,000 shares of common stock were included in determining diluted earnings per share for the three and nine months ended September 30, 2013. Stock options for approximately 94,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and nine months ended September 30, 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. | ||
Investments: Investments are presented at fair value as required by accounting principles. Our investment portfolio is classified as available for sale, as such: adjustments to the fair value are reported as a change in equity. If a security is deemed to be other than temporarily impaired, the adjustment to fair value is recorded through the income statement. | ||
Securities available for sale consist of bonds and notes which might be sold prior to maturity due to changes in interest rates, prepayment risks, yield and availability of alternative investments, liquidity needs or other factors. Securities classified as available for sale are reported at their fair value and the related unrealized holding gain or loss (the difference between the fair value and amortized cost of the securities so classified) is reported in other comprehensive income. Other securities such as Federal Home Loan Bank stock are carried at cost. Interest income includes amortization of purchase premium or accretion of purchase discount. Premiums and discounts on securities are amortized or accreted on the level-yield method. Gains and losses on sales are recorded on the trade date and are determined using the specific identification method. | ||
Declines in the fair value of securities below their cost that are other than temporary are reflected as realized losses. In estimating other-than-temporary losses, management considers: (1) the length of time and extent that fair value has been less than carrying value; (2) the financial condition and near-term prospects of the issuer; and (3) the Company’s ability and intent to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. | ||
Loans Held for Sale: Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or market, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. As of September 30, 2014 and December 31, 2013, we determined that the fair value of our mortgage loans held for sale approximated the recorded cost of $2.1 million and $1.1 million, respectively. | ||
Mortgage loans held for sale are generally sold with servicing rights retained. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold, which is reduced by the cost allocated to the servicing right. We generally lock in the sale price to the purchaser of the loan at the same time we make a rate commitment to the borrower. These mortgage banking activities are not designated as hedges and are carried at fair value. The net gain or loss on mortgage banking derivatives is included in the gain on sale of loans. Mortgage loans serviced for others totaled approximately $592 million as of September 30, 2014. | ||
Mortgage Banking Activities: Servicing rights are recognized as assets based on the allocated fair value of retained servicing rights on loans sold. Servicing rights are carried at the lower of amortized cost or fair value and are expensed in proportion to, and over the period of, estimated net servicing income. Impairment is evaluated quarterly based on the fair value of the servicing rights, using groupings of the underlying loans as to interest rates, types of loans, loan size, term and other factors. Any temporary impairment of a grouping is reported as a valuation allowance which is recovered when impairment no longer exists. Other-than-temporary impairments are recorded as a direct write-down to the carrying value of the servicing assets. | ||
Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. Amortization of mortgage servicing rights is netted against loan servicing income in the income statement. | ||
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 10. 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. | ||
Goodwill and Core Deposit Intangible: Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Goodwill is assessed at least annually for impairment and any such impairment is recognized in the period identified. A more frequent assessment is performed if conditions in the market place or changes in the company’s organizational structure occur. We use a discounted income approach and a market valuation model, which compares the inherent value of our company to valuations of recent transactions in the market place to determine if our goodwill has been impaired. | ||
The core deposit intangible that arose from the Firstbank Corporation acquisition was initially measured at fair value and is being amortized into noninterest expense over a ten-year period using the sum-of-the-years-digits methodology. | ||
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 adoption of this ASU is not expected to have a material effect on our financial position or results of operations. | ||
In August 2014, the FASB issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure. This ASU requires that certain government-guaranteed mortgage loans, including those guaranteed by the Federal Housing Administration, be derecognized and that a separate other receivable be recognized upon foreclosure if certain conditions are met. Upon foreclosure on the loans that meet these criteria, a separate receivable should be recorded based on the amount of the loan balance expected to be recovered from the guarantor. The amendments are effective for annual periods, and interim periods within those years, beginning after December 15, 2014. The adoption of this ASU is not expected to have a material effect on our financial position or results of operations. | ||
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This ASU establishes a comprehensive revenue recognition standard for virtually all industries under U.S. GAAP, including those that previously followed industry-specific guidance such as the real estate, construction and software industries. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the standard requires five basic steps: i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. This ASU is effective for annual and interim periods beginning after December 15, 2016 with three transition methods available – full retrospective, retrospective and cumulative effect approach. Adoption of this ASU is not expected to have a material effect on our financial position or results of operations. | ||
In June 2014, the FASB issued ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. This ASU requires two accounting changes. First, repurchase-to-maturity transactions will be accounted for as secured borrowing transactions on the balance sheet, rather than sales. Second, for repurchase financing arrangements, the ASU requires separate accounting for a transfer of a financial asset executed contemporaneously with (or in contemplation of) a repurchase agreement with the same counterparty, which also will generally result in secured borrowing accounting for the repurchase agreement. The ASU also introduces new disclosures to increase transparency about the types of collateral pledged for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions that are accounted for as secured borrowings. The ASU also requires a transferor to disclose information about transactions accounted for as a sale in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets through an agreement with the transferee. The accounting changes and disclosure for certain transactions accounted for as a sale are effective for the first interim or annual period beginning after December 15, 2014. The disclosure for transactions accounted for as secured borrowings is required for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. Adoption of this ASU is not expected to have a material effect on our financial position or results of operations. |
Note_2_Business_Combination
Note 2 - Business Combination | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Business Combination Disclosure [Text Block] | ' | ||||||||||||||||
2 | BUSINESS COMBINATION | ||||||||||||||||
We completed the merger of Firstbank Corporation (“Firstbank”), a Michigan corporation with approximately $1.5 billion in total assets and 46 branch locations, into Mercantile Bank Corporation as of June 1, 2014 (“Merger Date”). The results of operations due to the Firstbank transaction have been included in Mercantile’s financial results since the Merger Date. All of Firstbank’s common stock was converted into the right to receive one share of Mercantile common stock for each share of Firstbank common stock. The conversion of Firstbank’s common stock into Mercantile’s common stock resulted in Mercantile issuing 8,087,272 shares of its common stock. The merger provided an expanded geographic footprint for the Company and increased the size of the balance sheet. In conjunction with the completion of the merger, Mercantile assumed the obligations of Firstbank Capital Trust I, Firstbank Capital Trust II, Firstbank Capital Trust III and Firstbank Capital Trust IV. | |||||||||||||||||
The Firstbank transaction was accounted for using the acquisition method of accounting and accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at estimated fair value on the Merger Date. Preliminary goodwill of $50.9 million was calculated as the purchase premium after adjusting for the fair value of net assets acquired and represents the value expected from the synergies created from combining the two banking organizations as well as the economies of scale expected from combining the operations of the two companies. None of the goodwill is deductible for income tax purposes as the merger is accounted for as a tax-free exchange. | |||||||||||||||||
The following table provides the purchase price calculation as of the Merger Date and the identifiable assets purchased and the liabilities assumed at their estimated fair values. These fair value measurements are provisional based on third-party valuations that are currently under review and are subject to refinement for up to one year after the Merger Date based on additional information that may be obtained by us that existed as of the Merger Date. | |||||||||||||||||
Mercantile common shares issued for Firstbank common shares | 8,087,272 | ||||||||||||||||
Price per share, based on Mercantile closing price on May 30, 2014 | $ | 21.43 | |||||||||||||||
Value of common stock issued | 173,310,000 | ||||||||||||||||
Replacement stock options | 1,664,000 | ||||||||||||||||
Total purchase price | $ | 174,974,000 | |||||||||||||||
Assets | |||||||||||||||||
Cash and cash equivalents | $ | 91,806,000 | |||||||||||||||
Securities | 358,599,000 | ||||||||||||||||
Total loans | 943,662,000 | ||||||||||||||||
Premises and equipment | 24,049,000 | ||||||||||||||||
Core deposit intangible | 17,478,000 | ||||||||||||||||
Mortgage servicing rights | 7,389,000 | ||||||||||||||||
Other assets | 8,500,000 | ||||||||||||||||
Total Assets | $ | 1,451,483,000 | |||||||||||||||
Liabilities | |||||||||||||||||
Deposits | $ | 1,229,609,000 | |||||||||||||||
Borrowings | 87,615,000 | ||||||||||||||||
Other liabilities | 10,155,000 | ||||||||||||||||
Total Liabilities | $ | 1,327,379,000 | |||||||||||||||
Net Identifiable Assets Acquired | $ | 124,104,000 | |||||||||||||||
Goodwill | $ | 50,870,000 | |||||||||||||||
The fair value of mortgage servicing rights was $7.4 million at the Merger Date. During the four months ended September 30, 2014, new servicing rights of $0.2 million and amortization expense of $0.6 million were recorded. | |||||||||||||||||
Firstbank’s results of operations prior to the Merger Date are not included in our consolidated statements of income or consolidated statements of comprehensive income. We recorded merger-related expenses of $1.3 million and $5.1 million during the three month and nine month periods ended September 30, 2014, respectively. We recorded merger-related expenses of $0.7 million and $0.8 million during the three month and nine month periods ended September 30, 2013, respectively. Such expenses were generally for professional services, costs related to termination of existing contractual arrangements for various services, retention and severance compensation costs, marketing and promotional expenses, travel costs, and printing and supplies costs. | |||||||||||||||||
The following table provides the unaudited pro forma information for the results of operations for the three and nine month periods ended September 30, 2014 and 2013, as if the acquisition had occurred on January 1 of each year. These adjustments reflect the impact of certain purchase accounting fair value measurements, primarily comprised of Firstbank’s loan and deposit portfolios. In addition, the $5.1 million in merger-related expenses noted earlier are included in each period presented. We expect to achieve further operating cost savings and other business synergies as a result of the merger which are not reflected in the pro forma amounts. These unaudited pro forma results are presented for illustrative purposes only and are not intended to represent or be indicative of the actual results of operations of the combined banking organization that would have been achieved had the merger occurred at the beginning of each period presented, nor are they intended to represent or be indicative of future results of operations. | |||||||||||||||||
Three months ended Sept 30, | Nine months ended Sept 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net interest income | $ | 25,989,000 | $ | 11,994,000 | $ | 54,924,000 | $ | 37,080,000 | |||||||||
Noninterest expense | 24,572,000 | 14,284,000 | 47,338,000 | 32,944,000 | |||||||||||||
Net income | 3,281,000 | 693,000 | 11,711,000 | 9,617,000 | |||||||||||||
Net income per diluted share | 0.19 | 0.04 | 0.69 | 0.57 | |||||||||||||
In most instances, determining the fair value of the acquired assets and assumed liabilities required us to estimate cash flows expected to result from those assets and liabilities and to discount those cash flows at appropriate rates of interest. The most significant of those determinations relates to the valuation of acquired loans. For such loans, the excess of cash flows expected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and other factors, such as prepayments. In accordance with the applicable accounting guidance for business combinations, there was no carry-over of Firstbank’s previously established allowance for loan losses. | |||||||||||||||||
The acquired loans were divided into loans with evidence of credit quality deterioration, which are accounted for under ASC 310-30 (“acquired impaired”), and loans that do not meet this criteria, which are accounted for under ASC 310-20 (“acquired non-impaired”). In addition, the loans are further categorized into different loan pools based primarily on the type and purpose of the loan. | |||||||||||||||||
The provisional fair value of loans at the Merger Date is presented in the following table: | |||||||||||||||||
Acquired | Acquired | Acquired | |||||||||||||||
Impaired | Non-Impaired | Total Loans | |||||||||||||||
Commercial Loans: | |||||||||||||||||
Commercial & industrial | $ | 878,000 | $ | 163,316,000 | $ | 164,194,000 | |||||||||||
Commercial real estate | 12,973,000 | 378,016,000 | 390,989,000 | ||||||||||||||
Construction & development | 1,289,000 | 33,726,000 | 35,015,000 | ||||||||||||||
Total Commercial Loans | $ | 15,140,000 | $ | 575,058,000 | $ | 590,198,000 | |||||||||||
Consumer Loans: | |||||||||||||||||
Residential mortgages | $ | 9,694,000 | $ | 216,653,000 | $ | 226,347,000 | |||||||||||
Instalment | 167,000 | 61,657,000 | 61,824,000 | ||||||||||||||
Home equity lines | 288,000 | 52,054,000 | 52,342,000 | ||||||||||||||
Construction | 76,000 | 12,875,000 | 12,951,000 | ||||||||||||||
Total Consumer Loans | $ | 10,225,000 | $ | 343,239,000 | $ | 353,464,000 | |||||||||||
Total Loans | $ | 25,365,000 | $ | 918,297,000 | $ | 943,662,000 | |||||||||||
The following table presents data on acquired impaired loans at the Merger Date: | |||||||||||||||||
Acquired | |||||||||||||||||
Impaired | |||||||||||||||||
Contractual required payments | $ | 44,936,000 | |||||||||||||||
Nonaccretable difference | 17,057,000 | ||||||||||||||||
Expected cash flows | 27,879,000 | ||||||||||||||||
Accretable yield | 2,514,000 | ||||||||||||||||
Carrying balance | $ | 25,365,000 | |||||||||||||||
The nonaccretable difference includes $10.4 million in principal cash flows not expected to be collected, $2.8 million of pre-acquisition charge-offs and $3.9 million of future interest not expected to be collected. The unpaid principal balance of acquired performing loans was $926.4 million at the Merger Date, and the unaccreted discount on such loans was $8.1 million. | |||||||||||||||||
We also assumed obligations under junior subordinated debentures with an aggregate balance of $36.1 million and an aggregate fair value of $21.1 million as of the Merger Date, payable to four unconsolidated trusts (Firstbank Capital Trust I, Firstbank Capital Trust II, Firstbank Capital Trust III, and Firstbank Capital Trust IV) that have issued trust preferred securities. The junior subordinated debentures are the sole assets of each trust. Interest rates on all trust preferred securities issued by the trusts are tied to the 90 Day Libor rate with spreads ranging from 127 basis points to 199 basis points, and reset quarterly. The trust preferred securities have maturity dates ranging from October, 2034 to July, 2037, and are callable by us in whole or in part quarterly. The junior subordinated debentures are unsecured obligations of Mercantile, who has guaranteed that interest payments on the junior subordinated debentures made to the trust will be distributed by the trust to the holders of the trust preferred securities. The trust preferred securities currently fully qualify as Tier 1 Capital, and under current risk-based capital guidelines, will remain fully qualified as Tier 1 Capital until maturity unless called by us at an earlier date. | |||||||||||||||||
In conjunction with the Merger, all of our outstanding restricted stock awards, which were schedule to cliff vest in full in November, 2014, became fully vested as of June 1, 2014, resulting in the recognition of compensation expense of $0.2 million in the second quarter of 2014 to reflect the accelerated vesting of the restricted stock awards. | |||||||||||||||||
Also in conjunction with the Merger, we assumed, and issued Mercantile stock options in replacement of, all outstanding stock option grants that had been issued to Firstbank employees under the Firstbank Corporation Stock Option and Restricted Stock Plan of 1997 and the Firstbank Corporation 2006 Stock Compensation Plan. There were approximately 282,200 Mercantile stock options issued as a result of the Merger, with about 258,400 of the stock option grants fully vested and exercisable, on the Merger Date. The remaining 23,800 stock options vest over the next six to 18 months. Unrecognized compensation cost related to the unvested stock options was less than $100,000 as of September 30, 2014, which is expected to be fully recognized by November, 2015. | |||||||||||||||||
The aggregate intrinsic value of all stock options issued as a result of the Merger outstanding and exercisable at September 30, 2014 was $2.0 million. |
Note_3_Securities
Note 3 - Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
3 | 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: | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 209,371,000 | $ | 823,000 | $ | (5,717,000 | ) | $ | 204,477,000 | ||||||||||||||||
Mortgage-backed securities | 99,574,000 | 1,083,000 | (399,000 | ) | 100,258,000 | ||||||||||||||||||||
Municipal general obligation bonds | 135,575,000 | 1,003,000 | (328,000 | ) | 136,250,000 | ||||||||||||||||||||
Municipal revenue bonds | 11,022,000 | 112,000 | (17,000 | ) | 11,117,000 | ||||||||||||||||||||
Other Investments | 1,916,000 | 0 | (9,000 | ) | 1,907,000 | ||||||||||||||||||||
$ | 457,458,000 | $ | 3,021,000 | $ | (6,470,000 | ) | $ | 454,009,000 | |||||||||||||||||
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 September 30, 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 | ||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 83,379,000 | $ | (436,000 | ) | $ | 71,673,000 | $ | (5,281,000 | ) | $ | 155,052,000 | $ | (5,717,000 | ) | ||||||||||
Mortgage-backed securities | 72,205,000 | (399,000 | ) | 0 | 0 | 72,205,000 | (399,000 | ) | |||||||||||||||||
Municipal general obligation bonds | 24,844,000 | (328,000 | ) | 0 | 0 | 24,844,000 | (328,000 | ) | |||||||||||||||||
Municipal revenue bonds | 5,438,000 | (17,000 | ) | 0 | 0 | 5,438,000 | (17,000 | ) | |||||||||||||||||
Other investments | 0 | 0 | 1,399,000 | (9,000 | ) | 1,399,000 | (9,000 | ) | |||||||||||||||||
$ | 185,866,000 | $ | (1,180,000 | ) | $ | 73,072,000 | $ | (5,290,000 | ) | $ | 258,938,000 | $ | (6,470,000 | ) | |||||||||||
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 September 30, 2014, 452 debt securities and one mutual fund with fair values totaling $258.9 million have unrealized losses aggregating $6.5 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 September 30, 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 | |||||||||||||||||||||||||
Average | Amortized | Fair | |||||||||||||||||||||||
Yield | Cost | Value | |||||||||||||||||||||||
Due in 2014 | 1.01% | $ | 11,072,000 | $ | 11,082,000 | ||||||||||||||||||||
Due in 2015 through 2019 | 1.26 | 182,997,000 | 182,029,000 | ||||||||||||||||||||||
Due in 2020 through 2024 | 3.01 | 71,801,000 | 71,698,000 | ||||||||||||||||||||||
Due in 2025 and beyond | 3.63 | 90,098,000 | 87,035,000 | ||||||||||||||||||||||
Mortgage-backed securities | 1.61 | 99,574,000 | 100,258,000 | ||||||||||||||||||||||
Other investments | 1.55 | 1,916,000 | 1,907,000 | ||||||||||||||||||||||
2.08% | $ | 457,458,000 | $ | 454,009,000 | |||||||||||||||||||||
Securities issued by the State of Michigan and all its political subdivisions had a combined amortized cost of $114.5 million and $17.4 million at September 30, 2014 and December 31, 2013, respectively, with estimated market values of $115.2 million and $17.8 million, respectively. Securities issued by all other states and their political subdivisions had a combined amortized cost of $32.1 million and estimated market value of $32.2 million at September 30, 2014. Total securities of any other specific issuer, other than the U.S. Government and its agencies and the State of Michigan and all its political subdivisions, 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 $163.1 million and $94.4 million at September 30, 2014 and December 31, 2013, respectively. Investments in Federal Home Loan Bank stock are restricted and may only be resold or redeemed by the issuer. |
Note_4_Loans_and_Allowance_for
Note 4 - Loans and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
4 | LOANS AND ALLOWANCE FOR LOAN LOSSES | ||||||||||||||||||||||||||||
Loans originated for investment are stated at their principal amount outstanding adjusted for partial charge-offs, the allowance, and net deferred loan fees and costs. Interest income on loans is accrued over the term of the loans primarily using the simple interest method based on the principal balance outstanding. Interest is not accrued on loans where collectability is uncertain. Accrued interest is presented separately in the consolidated balance sheet. Loan origination fees and certain direct costs incurred to extend credit are deferred and amortized over the term of the loan or loan commitment period as an adjustment to the related loan yield. | |||||||||||||||||||||||||||||
Acquired loans are those purchased in the Firstbank merger (See Note 2 – Business Combination for further information). These loans were recorded at estimated fair value at the Merger Date with no carryover of the related allowance. The acquired loans were segregated between those considered to be performing (“acquired non-impaired loans”) and those with evidence of credit deterioration (“acquired impaired loans”). Acquired loans are considered impaired if there is evidence of credit deterioration and if it is probable, at acquisition, all contractually required payments will not be collected. Acquired loans restructured after acquisition are not considered or reported as troubled debt restructurings if the loans evidenced credit deterioration as of the Merger Date and are accounted for in pools. | |||||||||||||||||||||||||||||
The fair value estimates for acquired loans are based on expected prepayments and the amount and timing of discounted expected principal, interest and other cash flows. Credit discounts representing the principal losses expected over the life of the loan are also a component of the initial fair value. In determining the Merger Date fair value of acquired impaired loans, and in subsequent accounting, we have generally aggregated acquired commercial and consumer loans into pools of loans with common risk characteristics. | |||||||||||||||||||||||||||||
The difference between the fair value of an acquired non-impaired loan and contractual amounts due at the Merger Date is accreted into income over the estimated life of the loan. Contractually required payments represent the total undiscounted amount of all uncollected principal and interest payments. Acquired non-impaired loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated loan portfolio. | |||||||||||||||||||||||||||||
The excess of an acquired impaired loan’s contractually required payments over the amount of its undiscounted cash flows expected to be collected is referred to as the non-accretable difference. The non-accretable difference, which is neither accreted into income nor recorded on the consolidated balance sheet, reflects estimated future credit losses and uncollectible contractual interest expected to be incurred over the life of the acquired impaired loan. The excess cash flows expected to be collected over the carrying amount of the acquired loan is referred to as the accretable yield. This amount is accreted into interest income over the remaining life of the acquired loans or pools using the level yield method. The accretable yield is affected by changes in interest rate indices for variable rate loans, changes in prepayment speed assumptions and changes in expected principal and interest payments over the estimated lives of the acquired impaired loans. | |||||||||||||||||||||||||||||
We evaluate quarterly the remaining contractual required payments receivable and estimate cash flows expected to be collected over the lives of the impaired loans. Contractually required payments receivable may increase or decrease for a variety of reasons, for example, when the contractual terms of the loan agreement are modified, when interest rates on variable rate loans change, or when principal and/or interest payments are received. Cash flows expected to be collected on acquired impaired loans are estimated by incorporating several key assumptions similar to the initial estimate of fair value. These key assumptions include probability of default, loss given default, and the amount of actual prepayments after the Merger Date. Prepayments affect the estimated lives of loans and could change the amount of interest income, and possibly principal, expected to be collected. In re-forecasting future estimated cash flows, credit loss expectations are adjusted as necessary. The adjustments are based, in part, on actual loss severities recognized for each loan type, as well as changes in the probability of default. For periods in which estimated cash flows are not re-forecasted, the prior reporting period’s estimated cash flows are adjusted to reflect the actual cash received and credit events that transpired during the current reporting period. | |||||||||||||||||||||||||||||
Increases in expected cash flows of acquired impaired loans subsequent to the Merger Date are recognized prospectively through adjustments of the yield on the loans or pools over their remaining lives, while decreases in expected cash flows are recognized as impairment through a provision for loan losses and an increase in the allowance. | |||||||||||||||||||||||||||||
Our total loans at September 30, 2014 were $2.07 billion compared to $1.05 billion at December 31, 2013, an increase of 1.02 billion, or 96.4%. The components of our loan portfolio disaggregated by class of loan within the loan portfolio segments at September 30, 2014 and December 31, 2013, and the percentage change in loans from the end of 2013 to the end of the third quarter of 2014, are as follows: | |||||||||||||||||||||||||||||
Percent | |||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | Increase | |||||||||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 362,329,000 | 30.5 | % | $ | 286,373,000 | 27.2 | % | 26.5 | % | |||||||||||||||||||
Vacant land, land development, and residential construction | 30,246,000 | 2.5 | 36,741,000 | 3.5 | (17.7 | ) | |||||||||||||||||||||||
Real estate – owner occupied | 267,072,000 | 22.5 | 261,877,000 | 24.9 | 2 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 401,762,000 | 33.9 | 364,066,000 | 34.6 | 10.4 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 42,393,000 | 3.6 | 37,639,000 | 3.5 | 12.6 | ||||||||||||||||||||||||
Total commercial | 1,103,802,000 | 93 | 986,696,000 | 93.7 | 11.9 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 44,917,000 | 3.8 | 35,080,000 | 3.3 | 28 | ||||||||||||||||||||||||
1-4 family mortgages | 37,994,000 | 3.2 | 31,467,000 | 3 | 20.7 | ||||||||||||||||||||||||
Total retail | 82,911,000 | 7 | 66,547,000 | 6.3 | 24.6 | ||||||||||||||||||||||||
Total originated loans | $ | 1,186,713,000 | 100 | % | $ | 1,053,243,000 | 100 | % | 12.7 | % | |||||||||||||||||||
Percent | |||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | Increase | |||||||||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 179,476,000 | 20.4 | % | $ | 0 | NA | NM | |||||||||||||||||||||
Vacant land, land development, and residential construction | 21,972,000 | 2.5 | 0 | NA | NM | ||||||||||||||||||||||||
Real estate – owner occupied | 145,398,000 | 16.5 | 0 | NA | NM | ||||||||||||||||||||||||
Real estate – non-owner occupied | 182,660,000 | 20.7 | 0 | NA | NM | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 53,256,000 | 6 | 0 | NA | NM | ||||||||||||||||||||||||
Total commercial | 582,762,000 | 66.1 | 0 | NA | NM | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 119,033,000 | 13.5 | 0 | NA | NM | ||||||||||||||||||||||||
1-4 family mortgages | 179,757,000 | 20.4 | 0 | NA | NM | ||||||||||||||||||||||||
Total retail | 298,790,000 | 33.9 | 0 | NA | NM | ||||||||||||||||||||||||
Total acquired loans | $ | 881,552,000 | 100 | % | $ | 0 | NA | NM | |||||||||||||||||||||
Percent | |||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | Increase | |||||||||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 541,805,000 | 26.2 | % | $ | 286,373,000 | 27.2 | % | 89.2 | % | |||||||||||||||||||
Vacant land, land development, and residential construction | 52,218,000 | 2.5 | 36,741,000 | 3.5 | 42.1 | ||||||||||||||||||||||||
Real estate – owner occupied | 412,470,000 | 19.9 | 261,877,000 | 24.9 | 57.5 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 584,422,000 | 28.3 | 364,066,000 | 34.6 | 60.5 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 95,649,000 | 4.6 | 37,639,000 | 3.5 | 154.1 | ||||||||||||||||||||||||
Total commercial | 1,686,564,000 | 81.5 | 986,696,000 | 93.7 | 70.9 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 163,950,000 | 7.9 | 35,080,000 | 3.3 | 367.4 | ||||||||||||||||||||||||
1-4 family mortgages | 217,751,000 | 10.6 | 31,467,000 | 3 | 592 | ||||||||||||||||||||||||
Total retail | 381,701,000 | 18.5 | 66,547,000 | 6.3 | 473.6 | ||||||||||||||||||||||||
Total loans | $ | 2,068,265,000 | 100 | % | $ | 1,053,243,000 | 100 | % | 96.4 | % | |||||||||||||||||||
The total outstanding balance and carrying value of acquired impaired loans was $34.4 million and $23.7 million, respectively, as of September 30, 2014. Changes in the accretable yield for acquired impaired loans for the three and nine months ended September 30, 2014 were as follows: | |||||||||||||||||||||||||||||
Balance at June 30, 2014 | $ | 2,411,000 | |||||||||||||||||||||||||||
Additions | 0 | ||||||||||||||||||||||||||||
Accretion | (285,000 | ) | |||||||||||||||||||||||||||
Net reclassification from nonaccretable to accretable | 0 | ||||||||||||||||||||||||||||
Disposals | (48,000 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 2,078,000 | |||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 0 | |||||||||||||||||||||||||||
Additions | 2,514,000 | ||||||||||||||||||||||||||||
Accretion | (388,000 | ) | |||||||||||||||||||||||||||
Net reclassification from nonaccretable to accretable | 0 | ||||||||||||||||||||||||||||
Disposals | (48,000 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 2,078,000 | |||||||||||||||||||||||||||
Nonperforming originated loans as of September 30, 2014 and December 31, 2013 were as follows: | |||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Loans past due 90 days or more still accruing interest | $ | 0 | $ | 0 | |||||||||||||||||||||||||
Nonaccrual loans | 4,856,000 | 6,718,000 | |||||||||||||||||||||||||||
Total nonperforming originated loans | $ | 4,856,000 | $ | 6,718,000 | |||||||||||||||||||||||||
Nonperforming acquired loans as of September 30, 2014 and December 31, 2013 were as follows: | |||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Loans past due 90 days or more still accruing interest | $ | 81,000 | $ | NA | |||||||||||||||||||||||||
Nonaccrual loans | 1,134,000 | NA | |||||||||||||||||||||||||||
Total nonperforming aquired loans | $ | 1,215,000 | $ | NA | |||||||||||||||||||||||||
The recorded principal balance of nonperforming loans was as follows: | |||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 350,000 | $ | 1,501,000 | |||||||||||||||||||||||||
Vacant land, land development, and residential construction | 222,000 | 785,000 | |||||||||||||||||||||||||||
Real estate – owner occupied | 733,000 | 389,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 329,000 | 168,000 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 331,000 | 208,000 | |||||||||||||||||||||||||||
Total commercial | 1,965,000 | 3,051,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 914,000 | 788,000 | |||||||||||||||||||||||||||
1-4 family mortgages | 3,192,000 | 2,879,000 | |||||||||||||||||||||||||||
Total retail | 4,106,000 | 3,667,000 | |||||||||||||||||||||||||||
Total nonperforming loans | $ | 6,071,000 | $ | 6,718,000 | |||||||||||||||||||||||||
Acquired impaired loans are not subject to individual evaluation for impairment and are not reported as nonperforming loans based on acquired impaired loan accounting. Acquired non-impaired loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated loan portfolio. | |||||||||||||||||||||||||||||
An age analysis of past due loans is as follows as of September 30, 2014: | |||||||||||||||||||||||||||||
Greater | Recorded | ||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Than 89 | Balance > 89 | ||||||||||||||||||||||||||
Days | Days | Days | Total | Total | Days and | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Loans | Accruing | |||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 362,329,000 | $ | 362,329,000 | $ | 0 | |||||||||||||||
Vacant land, land development, and residential construction | 0 | 0 | 0 | 0 | 30,246,000 | 30,246,000 | 0 | ||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 217,000 | 217,000 | 266,855,000 | 267,072,000 | 0 | ||||||||||||||||||||||
Real estate – non-owner occupied | 201,000 | 0 | 0 | 201,000 | 401,561,000 | 401,762,000 | 0 | ||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | 0 | 42,393,000 | 42,393,000 | 0 | ||||||||||||||||||||||
Total commercial | 201,000 | 0 | 217,000 | 418,000 | 1,103,384,000 | 1,103,802,000 | 0 | ||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 67,000 | 0 | 0 | 67,000 | 44,850,000 | 44,917,000 | 0 | ||||||||||||||||||||||
1-4 family mortgages | 33,000 | 0 | 344,000 | 377,000 | 37,617,000 | 37,994,000 | 0 | ||||||||||||||||||||||
Total retail | 100,000 | 0 | 344,000 | 444,000 | 82,467,000 | 82,911,000 | 0 | ||||||||||||||||||||||
Total past due loans | $ | 301,000 | $ | 0 | $ | 561,000 | $ | 862,000 | $ | 1,185,851,000 | $ | 1,186,713,000 | $ | 0 | |||||||||||||||
Greater | Recorded | ||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Than 89 | Balance > 89 | ||||||||||||||||||||||||||
Days | Days | Days | Total | Total | Days and | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Loans | Accruing | |||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 66,000 | $ | 11,000 | $ | 23,000 | $ | 100,000 | $ | 179,376,000 | $ | 179,476,000 | $ | 0 | |||||||||||||||
Vacant land, land development, and residential construction | 0 | 0 | 0 | 0 | 21,972,000 | 21,972,000 | 0 | ||||||||||||||||||||||
Real estate – owner occupied | 112,000 | 0 | 1,914,000 | 2,026,000 | 143,372,000 | 145,398,000 | 0 | ||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 2,732,000 | 2,732,000 | 179,928,000 | 182,660,000 | 0 | ||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 81,000 | 81,000 | 53,175,000 | 53,256,000 | 0 | ||||||||||||||||||||||
Total commercial | 178,000 | 11,000 | 4,750,000 | 4,939,000 | 577,823,000 | 582,762,000 | 0 | ||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 405,000 | 122,000 | 103,000 | 630,000 | 118,403,000 | 119,033,000 | 3,000 | ||||||||||||||||||||||
1-4 family mortgages | 1,684,000 | 504,000 | 844,000 | 3,032,000 | 176,725,000 | 179,757,000 | 238,000 | ||||||||||||||||||||||
Total retail | 2,089,000 | 626,000 | 947,000 | 3,662,000 | 295,128,000 | 298,790,000 | 241,000 | ||||||||||||||||||||||
Total past due loans | $ | 2,267,000 | $ | 637,000 | $ | 5,697,000 | $ | 8,601,000 | $ | 872,951,000 | $ | 881,552,000 | $ | 241,000 | |||||||||||||||
An age analysis of past due loans is as follows as of December 31, 2013: | |||||||||||||||||||||||||||||
Greater | Recorded | ||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Than 89 | Balance > 89 | ||||||||||||||||||||||||||
Days | Days | Days | Total | Total | Days and | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Loans | Accruing | |||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
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 September 30, 2014, and average impaired loans for the three and nine months ended September 30, 2014, were as follows: | |||||||||||||||||||||||||||||
Third Quarter | Year-To-Date | ||||||||||||||||||||||||||||
Unpaid | Average | Average | |||||||||||||||||||||||||||
Contractual | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Principal | Principal | Related | Principal | Principal | |||||||||||||||||||||||||
Balance | Balance | Allowance | Balance | Balance | |||||||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,250,000 | $ | 1,250,000 | - | $ | 691,000 | $ | 525,000 | ||||||||||||||||||||
Vacant land, land development and residential construction | 545,000 | 222,000 | 111,000 | 232,000 | |||||||||||||||||||||||||
Real estate – owner occupied | 19,499,000 | 17,815,000 | 9,227,000 | 4,981,000 | |||||||||||||||||||||||||
Real estate – non-owner occupied | 575,000 | 575,000 | 576,000 | 911,000 | |||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Total commercial | 21,869,000 | 19,862,000 | 10,605,000 | 6,649,000 | |||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 707,000 | 639,000 | 642,000 | 598,000 | |||||||||||||||||||||||||
1-4 family mortgages | 1,102,000 | 547,000 | 553,000 | 591,000 | |||||||||||||||||||||||||
Total retail | 1,809,000 | 1,186,000 | 1,195,000 | 1,189,000 | |||||||||||||||||||||||||
Total with no related allowance recorded | $ | 23,678,000 | $ | 21,048,000 | $ | 11,800,000 | $ | 7,838,000 | |||||||||||||||||||||
Third Quarter | Year-To-Date | ||||||||||||||||||||||||||||
Unpaid | Average | Average | |||||||||||||||||||||||||||
Contractual | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Principal | Principal | Related | Principal | Principal | |||||||||||||||||||||||||
Balance | Balance | Allowance | Balance | Balance | |||||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 5,404,000 | $ | 5,363,000 | $ | 2,251,000 | $ | 3,087,000 | $ | 2,142,000 | |||||||||||||||||||
Vacant land, land development and residential construction | 2,798,000 | 2,798,000 | 318,000 | 3,049,000 | 3,536,000 | ||||||||||||||||||||||||
Real estate – owner occupied | 2,218,000 | 2,016,000 | 628,000 | 2,238,000 | 1,869,000 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 17,023,000 | 17,023,000 | 6,489,000 | 17,377,000 | 18,819,000 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 1,861,000 | 1,808,000 | 799,000 | 1,679,000 | 1,783,000 | ||||||||||||||||||||||||
Total commercial | 29,304,000 | 29,008,000 | 10,485,000 | 27,430,000 | 28,149,000 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 117,000 | 87,000 | 87,000 | 88,000 | 139,000 | ||||||||||||||||||||||||
1-4 family mortgages | 2,206,000 | 2,073,000 | 792,000 | 2,093,000 | 2,144,000 | ||||||||||||||||||||||||
Total retail | 2,323,000 | 2,160,000 | 879,000 | 2,181,000 | 2,283,000 | ||||||||||||||||||||||||
Total with an allowance recorded | $ | 31,627,000 | $ | 31,168,000 | $ | 11,364,000 | $ | 29,611,000 | $ | 30,432,000 | |||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Commercial | $ | 51,173,000 | $ | 48,870,000 | $ | 10,485,000 | $ | 38,035,000 | $ | 34,798,000 | |||||||||||||||||||
Retail | 4,132,000 | 3,346,000 | 879,000 | 3,376,000 | 3,472,000 | ||||||||||||||||||||||||
Total impaired loans | $ | 55,305,000 | $ | 52,216,000 | $ | 11,364,000 | $ | 41,411,000 | $ | 38,270,000 | |||||||||||||||||||
Acquired impaired loans are not subject to individual evaluation for impairment and are not reported as impaired loans based on acquired impaired loan accounting. Acquired non-impaired loans are placed on nonaccrual status and reported as impaired using the same criteria applied to the originated loan portfolio. In accordance with purchase accounting rules, acquired loans were recorded at fair value at the Merger Date and the prior allowance was eliminated. No allowance has been established on these acquired loans through September 30, 2014. Interest income of $0.6 million and $1.3 million was recognized on impaired loans during the third quarter and first nine months of 2014, respectively. | |||||||||||||||||||||||||||||
Impaired loans as of December 31, 2013, and average impaired loans for the three and nine months ended September 30, 2013, were as follows: | |||||||||||||||||||||||||||||
Third Quarter | Year-To-Date | ||||||||||||||||||||||||||||
Unpaid | Average | Average | |||||||||||||||||||||||||||
Contractual | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Principal | Principal | Related | Principal | Principal | |||||||||||||||||||||||||
Balance | Balance | Allowance | Balance | Balance | |||||||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,229,000 | $ | 511,000 | - | $ | 1,170,000 | $ | 1,378,000 | ||||||||||||||||||||
Vacant land, land development and residential construction | 475,000 | 362,000 | 907,000 | 1,148,000 | |||||||||||||||||||||||||
Real estate – owner occupied | 1,270,000 | 785,000 | 865,000 | 1,159,000 | |||||||||||||||||||||||||
Real estate – non-owner occupied | 895,000 | 733,000 | 4,651,000 | 4,878,000 | |||||||||||||||||||||||||
Real estate – multi-family and residential rental | 41,000 | 1,000 | 425,000 | 487,000 | |||||||||||||||||||||||||
Total commercial | 4,910,000 | 2,392,000 | 8,018,000 | 9,050,000 | |||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 507,000 | 461,000 | 466,000 | 474,000 | |||||||||||||||||||||||||
1-4 family mortgages | 1,272,000 | 647,000 | 715,000 | 746,000 | |||||||||||||||||||||||||
Total retail | 1,779,000 | 1,108,000 | 1,181,000 | 1,220,000 | |||||||||||||||||||||||||
Total with no related allowance recorded | $ | 6,689,000 | $ | 3,500,000 | $ | 9,199,000 | $ | 10,270,000 | |||||||||||||||||||||
Third Quarter | Year-To-Date | ||||||||||||||||||||||||||||
Unpaid | Average | Average | |||||||||||||||||||||||||||
Contractual | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Principal | Principal | Related | Principal | Principal | |||||||||||||||||||||||||
Balance | Balance | Allowance | Balance | Balance | |||||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,517,000 | $ | 1,440,000 | $ | 792,000 | $ | 1,764,000 | $ | 1,990,000 | |||||||||||||||||||
Vacant land, land development and residential construction | 4,436,000 | 4,139,000 | 844,000 | 4,466,000 | 3,158,000 | ||||||||||||||||||||||||
Real estate – owner occupied | 1,513,000 | 1,513,000 | 528,000 | 2,330,000 | 2,810,000 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 21,088,000 | 21,072,000 | 7,969,000 | 28,789,000 | 30,216,000 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 3,219,000 | 2,684,000 | 1,127,000 | 2,639,000 | 2,973,000 | ||||||||||||||||||||||||
Total commercial | 31,773,000 | 30,848,000 | 11,260,000 | 39,988,000 | 41,147,000 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 320,000 | 289,000 | 96,000 | 309,000 | 339,000 | ||||||||||||||||||||||||
1-4 family mortgages | 2,274,000 | 2,231,000 | 1,030,000 | 2,480,000 | 1,477,000 | ||||||||||||||||||||||||
Total retail | 2,594,000 | 2,520,000 | 1,126,000 | 2,789,000 | 1,816,000 | ||||||||||||||||||||||||
Total with an allowance recorded | $ | 34,367,000 | $ | 33,368,000 | $ | 12,386,000 | $ | 42,777,000 | $ | 42,963,000 | |||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Commercial | $ | 36,683,000 | $ | 33,240,000 | $ | 11,260,000 | $ | 48,006,000 | $ | 50,197,000 | |||||||||||||||||||
Retail | 4,373,000 | 3,628,000 | 1,126,000 | 3,970,000 | 3,036,000 | ||||||||||||||||||||||||
Total impaired loans | $ | 41,056,000 | $ | 36,868,000 | $ | 12,386,000 | $ | 51,976,000 | $ | 53,233,000 | |||||||||||||||||||
Interest income of $0.7 million and $2.2 million was recognized on impaired loans during the third quarter and first nine months of 2013, respectively. | |||||||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||
Credit quality indicators were as follows as of September 30, 2014: | |||||||||||||||||||||||||||||
Originated Loans | |||||||||||||||||||||||||||||
Commercial credit exposure - credit risk profiled by internal credit risk grades: | |||||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Vacant Land, | Commercial | ||||||||||||||||||||||||||||
Land | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Internal credit risk grade groupings: | |||||||||||||||||||||||||||||
Grades 1 – 4 | $ | 248,213,000 | $ | 7,451,000 | $ | 169,127,000 | $ | 270,074,000 | $ | 17,812,000 | |||||||||||||||||||
Grades 5 – 7 | 107,038,000 | 19,774,000 | 78,049,000 | 118,498,000 | 22,758,000 | ||||||||||||||||||||||||
Grades 8 – 9 | 7,078,000 | 3,021,000 | 19,896,000 | 13,190,000 | 1,823,000 | ||||||||||||||||||||||||
Total commercial | $ | 362,329,000 | $ | 30,246,000 | $ | 267,072,000 | $ | 401,762,000 | $ | 42,393,000 | |||||||||||||||||||
Retail credit exposure - credit risk profiled by collateral type: | |||||||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Total retail | $ | 44,917,000 | $ | 37,994,000 | |||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial credit exposure – credit risk profiled by internal credit risk grades: | |||||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Vacant Land, | Commercial | ||||||||||||||||||||||||||||
Land | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Internal credit risk grade groupings: | |||||||||||||||||||||||||||||
Grades 1 – 4 | $ | 72,928,000 | $ | 4,931,000 | $ | 35,824,000 | $ | 69,611,000 | $ | 24,144,000 | |||||||||||||||||||
Grades 5 – 7 | 102,862,000 | 15,711,000 | 100,845,000 | 105,564,000 | 28,654,000 | ||||||||||||||||||||||||
Grades 8 – 9 | 3,686,000 | 1,330,000 | 8,729,000 | 7,485,000 | 458,000 | ||||||||||||||||||||||||
Total commercial | $ | 179,476,000 | $ | 21,972,000 | $ | 145,398,000 | $ | 182,660,000 | $ | 53,256,000 | |||||||||||||||||||
Retail credit exposure – credit risk profiled by collateral type: | |||||||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Total retail | $ | 119,033,000 | $ | 179,757,000 | |||||||||||||||||||||||||
Credit quality indicators were as follows as of December 31, 2013: | |||||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial credit exposure – credit risk profiled by internal credit risk grades: | |||||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Vacant Land, | Commercial | ||||||||||||||||||||||||||||
Land | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | 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 originated loans as of and during the three and nine months ended September 30, 2014 are as follows: | |||||||||||||||||||||||||||||
Commercial | Retail | ||||||||||||||||||||||||||||
Loans | Loans | Unallocated | Total | ||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance at June 30, 2014 | $ | 19,107,000 | $ | 1,774,000 | $ | (25,000 | ) | $ | 20,856,000 | ||||||||||||||||||||
Provision for loan losses | (473,000 | ) | 63,000 | 10,000 | (400,000 | ) | |||||||||||||||||||||||
Charge-offs | (24,000 | ) | (321,000 | ) | 0 | (345,000 | ) | ||||||||||||||||||||||
Recoveries | 102,000 | 161,000 | 0 | 263,000 | |||||||||||||||||||||||||
Ending balance | $ | 18,712,000 | $ | 1,677,000 | $ | (15,000 | ) | $ | 20,374,000 | ||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 20,455,000 | $ | 2,358,000 | $ | 8,000 | $ | 22,821,000 | |||||||||||||||||||||
Provision for loan losses | (2,251,000 | ) | (726,000 | ) | (23,000 | ) | (3,000,000 | ) | |||||||||||||||||||||
Charge-offs | (708,000 | ) | (328,000 | ) | 0 | (1,036,000 | ) | ||||||||||||||||||||||
Recoveries | 1,216,000 | 373,000 | 0 | 1,589,000 | |||||||||||||||||||||||||
Ending balance | $ | 18,712,000 | $ | 1,677,000 | $ | (15,000 | ) | $ | 20,374,000 | ||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 10,485,000 | $ | 879,000 | $ | 0 | $ | 11,364,000 | |||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 8,227,000 | $ | 798,000 | $ | (15,000 | ) | $ | 9,010,000 | ||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 1,103,802,000 | $ | 82,911,000 | $ | 1,186,713,000 | |||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 48,870,000 | $ | 3,346,000 | $ | 52,216,000 | |||||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,054,932,000 | $ | 79,565,000 | $ | 1,134,497,000 | |||||||||||||||||||||||
In accordance with purchase accounting rules, acquired loans were recorded at fair value at the Merger Date and the prior allowance was eliminated. No allowance has been established on these acquired loans through September 30, 2014. | |||||||||||||||||||||||||||||
Activity in the allowance for loan losses and the recorded investments in originated loans as of and during the three and nine months ended September 30, 2013 are as follows: | |||||||||||||||||||||||||||||
Commercial | Retail | ||||||||||||||||||||||||||||
Loans | Loans | Unallocated | Total | ||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance at June 30, 2013 | $ | 22,382,000 | $ | 2,559,000 | $ | 6,000 | $ | 24,947,000 | |||||||||||||||||||||
Provision for loan losses | (1,730,000 | ) | (7,000 | ) | 37,000 | (1,700,000 | ) | ||||||||||||||||||||||
Charge-offs | 0 | (85,000 | ) | 0 | (85,000 | ) | |||||||||||||||||||||||
Recoveries | 2,002,000 | 31,000 | 0 | 2,033,000 | |||||||||||||||||||||||||
Ending balance | $ | 22,654,000 | $ | 2,498,000 | $ | 43,000 | $ | 25,195,000 | |||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | 26,043,000 | $ | 2,645,000 | $ | (11,000 | ) | $ | 28,677,000 | ||||||||||||||||||||
Provision for loan losses | (4,375,000 | ) | (379,000 | ) | 54,000 | (4,700,000 | ) | ||||||||||||||||||||||
Charge-offs | (2,774,000 | ) | (107,000 | ) | 0 | (2,881,000 | ) | ||||||||||||||||||||||
Recoveries | 3,760,000 | 339,000 | 0 | 4,099,000 | |||||||||||||||||||||||||
Ending balance | $ | 22,654,000 | $ | 2,498,000 | $ | 43,000 | $ | 25,195,000 | |||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 13,860,000 | $ | 1,203,000 | $ | 0 | $ | 15,063,000 | |||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 8,794,000 | $ | 1,295,000 | $ | 43,000 | $ | 10,132,000 | |||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 1,007,763,000 | $ | 67,724,000 | $ | 1,075,487,000 | |||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 46,426,000 | $ | 3,851,000 | $ | 50,277,000 | |||||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 961,337,000 | $ | 63,873,000 | $ | 1,025,210,000 | |||||||||||||||||||||||
Loans modified as troubled debt restructurings during the three months ended September 30, 2014 were as follows: | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 5,994,000 | $ | 6,094,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 2 | 16,787,000 | 16,787,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated commercial | 4 | 22,781,000 | 22,881,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated loans | 4 | $ | 22,781,000 | $ | 22,881,000 | ||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired commercial | 0 | 0 | 0 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired loans | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 5,994,000 | $ | 6,094,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 2 | 16,787,000 | 16,787,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total commercial | 4 | 22,781,000 | 22,881,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total loans | 4 | $ | 22,781,000 | $ | 22,881,000 | ||||||||||||||||||||||||
Loans modified as troubled debt restructurings during the nine months ended September 30, 2014 were as follows: | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 5,994,000 | $ | 6,094,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 3 | 17,783,000 | 17,783,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 1 | 146,000 | 146,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated commercial | 6 | 23,923,000 | 24,023,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated loans | 6 | $ | 23,923,000 | $ | 24,023,000 | ||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired commercial | 0 | 0 | 0 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired loans | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 5,994,000 | $ | 6,094,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 3 | 17,783,000 | 17,783,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 1 | 146,000 | 146,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total commercial | 6 | 23,923,000 | 24,023,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total loans | 6 | $ | 23,923,000 | $ | 24,023,000 | ||||||||||||||||||||||||
Loans modified as troubled debt restructurings during the three months ended September 30, 2013 were as follows: | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 553,000 | $ | 553,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 2 | 171,000 | 171,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 2 | 346,000 | 346,000 | ||||||||||||||||||||||||||
Total originated commercial | 5 | 1,070,000 | 1,070,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated loans | 5 | $ | 1,070,000 | $ | 1,070,000 | ||||||||||||||||||||||||
Loans modified as troubled debt restructurings during the nine months ended September 30, 2013 were as follows: | |||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 613,000 | $ | 613,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 2 | 3,247,000 | 3,247,000 | ||||||||||||||||||||||||||
Real estate – owner occupied | 3 | 909,000 | 909,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 4 | 2,239,000 | 2,239,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 2 | 346,000 | 346,000 | ||||||||||||||||||||||||||
Total originated commercial | 13 | 7,354,000 | 7,354,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 1 | 1,879,000 | 1,879,000 | ||||||||||||||||||||||||||
Total originated retail | 1 | 1,879,000 | 1,879,000 | ||||||||||||||||||||||||||
Total originated loans | 14 | $ | 9,233,000 | $ | 9,233,000 | ||||||||||||||||||||||||
The following originated loans, modified as troubled debt restructurings within the previous twelve months, became over 30 days past due within the three months ended September 30, 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 originated loans, modified as troubled debt restructurings within the previous twelve months, became over 30 days past due within the nine months ended September 30, 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 originated loans, modified as troubled debt restructurings within the previous twelve months, became over 30 days past due within the three months ended September 30, 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 | 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 originated loans, modified as troubled debt restructurings within the previous twelve months, became over 30 days past due within the nine months ended September 30, 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 | 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 | ||||||||||||||||||||||||||
Activity for originated loans categorized as troubled debt restructurings during the three months ended September 30, 2014 is as follows: | |||||||||||||||||||||||||||||
Commercial | Commercial | ||||||||||||||||||||||||||||
Vacant Land, | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Land Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 1,176,000 | $ | 3,786,000 | $ | 2,711,000 | $ | 18,664,000 | $ | 719,000 | |||||||||||||||||||
Charge-Offs | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Payments | (205,000 | ) | (287,000 | ) | (91,000 | ) | (655,000 | ) | (130,000 | ) | |||||||||||||||||||
Transfers to ORE | (21,000 | ) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Net Additions/Deletions | 6,315,000 | 0 | 16,748,000 | 0 | 0 | ||||||||||||||||||||||||
Ending Balance | $ | 7,265,000 | $ | 3,499,000 | $ | 19,368,000 | $ | 18,009,000 | $ | 589,000 | |||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 0 | $ | 2,077,000 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | 0 | (51,000 | ) | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 0 | $ | 2,026,000 | |||||||||||||||||||||||||
Activity for originated loans categorized as troubled debt restructurings during the nine months ended September 30, 2014 is as follows: | |||||||||||||||||||||||||||||
Commercial | Commercial | ||||||||||||||||||||||||||||
Vacant Land, | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Land Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 1,656,000 | $ | 4,501,000 | $ | 1,816,000 | $ | 22,311,000 | $ | 2,620,000 | |||||||||||||||||||
Charge-Offs | (67,000 | ) | 0 | (11,000 | ) | 0 | (420,000 | ) | |||||||||||||||||||||
Payments | (632,000 | ) | (3,901,000 | ) | (181,000 | ) | (4,621,000 | ) | (1,611,000 | ) | |||||||||||||||||||
Transfers to ORE | (21,000 | ) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Net Additions/Deletions | 6,329,000 | 2,899,000 | 17,744,000 | 319,000 | 0 | ||||||||||||||||||||||||
Ending Balance | $ | 7,265,000 | $ | 3,499,000 | $ | 19,368,000 | $ | 18,009,000 | $ | 589,000 | |||||||||||||||||||
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 | (165,000 | ) | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 0 | $ | 2,026,000 | |||||||||||||||||||||||||
Activity for originated loans categorized as troubled debt restructurings during the three months ended September 30, 2013 is as follows: | |||||||||||||||||||||||||||||
Commercial | Commercial | ||||||||||||||||||||||||||||
Vacant Land, | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Land Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 2,266,000 | $ | 5,440,000 | $ | 3,580,000 | $ | 34,424,000 | $ | 2,775,000 | |||||||||||||||||||
Charge-Offs | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Payments | (324,000 | ) | (303,000 | ) | (271,000 | ) | (1,690,000 | ) | (295,000 | ) | |||||||||||||||||||
Transfers to ORE | 0 | 0 | 0 | (350,000 | ) | 0 | |||||||||||||||||||||||
Net Additions/Deletions | 466,000 | 0 | (652,000 | ) | 68,000 | 343,000 | |||||||||||||||||||||||
Ending Balance | $ | 2,408,000 | $ | 5,137,000 | $ | 2,657,000 | $ | 32,452,000 | $ | 2,823,000 | |||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 2,029,000 | $ | 0 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | (16,000 | ) | 0 | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 2,013,000 | $ | 0 | |||||||||||||||||||||||||
Activity for originated loans categorized as troubled debt restructurings during the nine months ended September 30, 2013 is as follows: | |||||||||||||||||||||||||||||
Commercial | Commercial | ||||||||||||||||||||||||||||
Vacant Land, | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Land Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 2,721,000 | $ | 3,071,000 | $ | 4,116,000 | $ | 37,672,000 | $ | 3,026,000 | |||||||||||||||||||
Charge-Offs | (35,000 | ) | (725,000 | ) | (70,000 | ) | (716,000 | ) | (15,000 | ) | |||||||||||||||||||
Payments | (1,902,000 | ) | (456,000 | ) | (1,310,000 | ) | (5,475,000 | ) | (530,000 | ) | |||||||||||||||||||
Transfers to ORE | (74,000 | ) | 0 | (363,000 | ) | (1,153,000 | ) | 0 | |||||||||||||||||||||
Net Additions/Deletions | 1,698,000 | 3,247,000 | 284,000 | 2,124,000 | 342,000 | ||||||||||||||||||||||||
Ending Balance | $ | 2,408,000 | $ | 5,137,000 | $ | 2,657,000 | $ | 32,452,000 | $ | 2,823,000 | |||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 155,000 | $ | 0 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | (21,000 | ) | 0 | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 1,879,000 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 2,013,000 | $ | 0 | |||||||||||||||||||||||||
The allowance related to originated loans categorized as troubled debt restructurings was as follows: | |||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 514,000 | $ | 187,000 | |||||||||||||||||||||||||
Vacant land, land development, and residential construction | 1,672,000 | 798,000 | |||||||||||||||||||||||||||
Real estate – owner occupied | 1,419,000 | 528,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 1,773,000 | 7,828,000 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 5,855,000 | 1,010,000 | |||||||||||||||||||||||||||
Total commercial | 11,233,000 | 10,351,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | |||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | |||||||||||||||||||||||||||
Total retail | 0 | 0 | |||||||||||||||||||||||||||
Total related allowance | $ | 11,233,000 | $ | 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_5_Premises_and_Equipment_
Note 5 - Premises and Equipment, Net | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
5 | PREMISES AND EQUIPMENT, NET | ||||||||
Premises and equipment are comprised of the following: | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Land, buildings and improvements | $ | 55,286,000 | $ | 33,289,000 | |||||
Furniture and equipment | 15,610,000 | 12,718,000 | |||||||
70,896,000 | 46,007,000 | ||||||||
Less: accumulated depreciation | 22,326,000 | 21,109,000 | |||||||
Premises and equipment, net | $ | 48,570,000 | $ | 24,898,000 | |||||
Depreciation expense totaled $0.7 million during the third quarter of 2014, compared to $0.3 million during the third quarter of 2013. Depreciation expense totaled $1.5 million during the first nine months of 2014, compared to $1.0 million during the first nine months of 2013. |
Note_6_Deposits
Note 6 - Deposits | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||
Deposit Liabilities Disclosures [Text Block] | ' | ||||||||||||||||||||
6 | DEPOSITS | ||||||||||||||||||||
Our total deposits at September 30, 2014 totaled $2.27 billion compared to $1.12 billion at December 31, 2013, an increase of $1.15 billion, or 103.0%. A vast majority of the increase reflects the consummation of the merger with Firstbank effective June 1, 2014. The components of our outstanding balances at September 30, 2014 and December 31, 2013, and percentage change in deposits from the end of 2013 to the end of the third quarter of 2014, are as follows: | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | Percent | |||||||||||||||||||
Increase | |||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||
Noninterest-bearing checking | $ | 535,101,000 | 23.5 | % | $ | 224,580,000 | 20.1 | % | 138.3 | % | |||||||||||
Interest-bearing checking | 403,600,000 | 17.8 | 197,388,000 | 17.6 | 104.5 | ||||||||||||||||
Money market | 241,365,000 | 10.6 | 133,369,000 | 11.9 | 81 | ||||||||||||||||
Savings | 334,343,000 | 14.7 | 52,606,000 | 4.7 | 535.6 | ||||||||||||||||
Time, under $100,000 | 188,174,000 | 8.3 | 43,251,000 | 3.9 | 335.1 | ||||||||||||||||
Time, $100,000 and over | 385,830,000 | 17 | 254,600,000 | 22.8 | 51.5 | ||||||||||||||||
2,088,413,000 | 91.9 | 905,794,000 | 81 | 130.6 | |||||||||||||||||
Out-of-area time, under $100,000 | 2,805,000 | 0.1 | 4,078,000 | 0.4 | (31.2 | ) | |||||||||||||||
Out-of-area time, $100,000 and over | 180,490,000 | 8 | 209,039,000 | 18.6 | (13.7 | ) | |||||||||||||||
183,295,000 | 8.1 | 213,117,000 | 19 | (14.0 | ) | ||||||||||||||||
Total deposits | $ | 2,271,708,000 | 100 | % | $ | 1,118,911,000 | 100 | % | 103 | % | |||||||||||
Note_7_Securities_Sold_Under_A
Note 7 - Securities Sold Under Agreements to Repurchase | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | ' | ||||||||
7 | 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: | |||||||||
Nine Months | Twelve Months | ||||||||
Ended | Ended | ||||||||
September 30, 2014 | 31-Dec-13 | ||||||||
Outstanding balance at end of period | $ | 142,869,000 | $ | 69,305,000 | |||||
Average interest rate at end of period | 0.1 | % | 0.12 | % | |||||
Average daily balance during the period | $ | 93,855,000 | $ | 65,939,000 | |||||
Average interest rate during the period | 0.12 | % | 0.12 | % | |||||
Maximum daily balance during the period | $ | 148,700,000 | $ | 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_8_Federal_Home_Loan_Bank_
Note 8 - Federal Home Loan Bank Advances | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Disclosure Text Block [Abstract] | ' | ||||
Federal Home Loan Bank Advances, Disclosure [Text Block] | ' | ||||
8 | FEDERAL HOME LOAN BANK ADVANCES | ||||
Federal Home Loan Bank advances totaled $57.0 million at September 30, 2014, and mature at varying dates from October 2014 through September, 2017, with fixed rates of interest from 0.41% to 1.51% and averaging 1.21%. Federal Home Loan Bank advances totaled $45.0 million at December 31, 2013, maturing at varying dates from March 2017 through September 2017, with fixed rates of interest from 1.22% to 1.51% and averaging 1.34%. The $12.0 million increase during the first nine months of 2014 reflects the consummation of the merger with Firstbank effective June 1, 2014. | |||||
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 September 30, 2014 totaled about $570 million, with availability based on collateral approximating $511 million. | |||||
Maturities of currently outstanding FHLB advances are as follows: | |||||
2014 | $ | 3,000,000 | |||
2015 | 6,000,000 | ||||
2016 | 3,033,000 | ||||
2017 | 45,000,000 | ||||
2018 | 0 | ||||
Note_9_Commitments_and_OffBala
Note 9 - Commitments and Off-Balance Sheet Risk | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Commitments Contingencies and Guarantees [Text Block] | ' | ||||||||
9 | 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 September 30, 2014 and December 31, 2013. | |||||||||
A summary of the contractual amounts of our financial instruments with off-balance sheet risk at September 30, 2014 and December 31, 2013 follows: | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Commercial unused lines of credit | $ | 553,734,000 | $ | 257,937,000 | |||||
Unused lines of credit secured by 1 – 4 family residential properties | 59,991,000 | 23,429,000 | |||||||
Credit card unused lines of credit | 11,303,000 | 9,013,000 | |||||||
Other consumer unused lines of credit | 9,681,000 | 5,695,000 | |||||||
Commitments to make loans | 128,196,000 | 58,799,000 | |||||||
Standby letters of credit | 37,482,000 | 19,670,000 | |||||||
$ | 800,387,000 | $ | 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 September 30, 2014, the total notional amount of the underlying interest rate swap agreements was $17.0 million, with a net fair value from our commercial loan customers’ perspective of negative $2.4 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_10_Hedging_Activities
Note 10 - Hedging Activities | 9 Months Ended | |
Sep. 30, 2014 | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |
10 | 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 September 30, 2014 and December 31, 2013, the present value of the interest rate swap agreement was recorded as a liability in the amount of $0.1 million and $0.3 million, respectively. |
Note_11_Fair_Values_of_Financi
Note 11 - Fair Values of Financial Instruments | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Disclosures [Text Block] | ' | |||||||||||||||||
11 | 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 September 30, 2014 and December 31, 2013 (dollars in thousands): | ||||||||||||||||||
Level in | 30-Sep-14 | 31-Dec-13 | ||||||||||||||||
Fair Value | Carrying | Fair | Carrying | Fair | ||||||||||||||
Hierarchy | Values | Values | Values | Values | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash | Level 1 | $ | 14,296 | $ | 14,296 | $ | 1,464 | $ | 1,464 | |||||||||
Cash equivalents | Level 2 | 117,956 | 117,956 | 145,501 | 145,501 | |||||||||||||
Securities available for sale | -1 | 454,009 | 454,009 | 131,178 | 131,178 | |||||||||||||
FHLB stock | -2 | 19,226 | 19,226 | 11,961 | 11,961 | |||||||||||||
Loans, net | Level 3 | 2,047,891 | 2,042,291 | 1,030,422 | 1,027,300 | |||||||||||||
Bank owned life insurance | Level 2 | 55,992 | 55,992 | 51,377 | 51,377 | |||||||||||||
Accrued interest receivable | Level 2 | 8,292 | 8,292 | 3,649 | 3,649 | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | 2,271,708 | 2,258,113 | 1,118,911 | 1,120,576 | |||||||||||||
Repurchase agreements | Level 2 | 142,869 | 142,869 | 69,305 | 69,305 | |||||||||||||
FHLB advances | Level 2 | 57,033 | 57,418 | 45,000 | 45,139 | |||||||||||||
Subordinated debentures | Level 2 | 54,301 | 54,301 | 32,990 | 32,974 | |||||||||||||
Accrued interest payable | Level 2 | 1,832 | 1,832 | 2,041 | 2,041 | |||||||||||||
Interest rate swap | -1 | 135 | 135 | 264 | 264 | |||||||||||||
-1 | See Note 12 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_12_Fair_Values
Note 12 - Fair Values | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Fair Value, Measurement Inputs, Disclosure [Text Block] | ' | ||||||||||||||||
12 | 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 conclusions 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. Level 3 securities include bonds issued by certain relatively small municipalities located within our markets that have very limited marketability due to their size and lack of ratings from a recognized rating service. We carry these bonds at historical cost, which we believe approximates fair value, unless our periodic financial analysis or other information becomes known which necessitates a valuation allowance. There was no such valuation allowance as of September 30, 2014 or December 31, 2013. We have no Level 1 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 originated and intended for sale in the secondary market are carried at the lower of aggregate cost or market, as determined by outstanding commitments from investors, 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 September 30, 2014 and December 31, 2013, we determined that the fair value of our mortgage loans held for sale approximated the recorded cost of $2.1 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 September 30, 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 | $ | 204,477,000 | $ | 0 | $ | 204,477,000 | $ | 0 | |||||||||
Mortgage-backed securities | 100,258,000 | 0 | 100,258,000 | 0 | |||||||||||||
Municipal general obligation bonds | 136,250,000 | 0 | 125,889,000 | 10,361,000 | |||||||||||||
Municipal revenue bonds | 11,117,000 | 0 | 11,117,000 | 0 | |||||||||||||
Other investments | 1,907,000 | 0 | 1,907,000 | 0 | |||||||||||||
Interest rate swap | (135,000 | ) | 0 | (135,000 | ) | 0 | |||||||||||
Total | $ | 453,874,000 | $ | 0 | $ | 443,513,000 | $ | 10,361,000 | |||||||||
There were no transfers in or out of Level 1, Level 2 or Level 3 during the first nine 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 | |||||||||||||
Other investments | 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 September 30, 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) | $ | 39,444,000 | $ | 0 | $ | 0 | $ | 39,444,000 | |||||||||
Foreclosed assets (1) | 2,659,000 | 0 | 0 | 2,659,000 | |||||||||||||
Total | $ | 42,103,000 | $ | 0 | $ | 0 | $ | 42,103,000 | |||||||||
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_13_Regulatory_Matters
Note 13 - Regulatory Matters | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||
13 | 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 September 30, 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 September 30, 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 | ||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 327,936 | 14 | % | $ | 186,848 | 8 | % | $ | NA | NA | ||||||||||||||
Bank | 325,909 | 14 | 186,608 | 8 | 233,259 | 10 | % | ||||||||||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | 307,562 | 13.2 | 93,424 | 4 | NA | NA | |||||||||||||||||||
Bank | 305,535 | 13.1 | 93,304 | 4 | 139,956 | 6 | |||||||||||||||||||
Tier 1 capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 307,562 | 11 | 111,775 | 4 | NA | NA | |||||||||||||||||||
Bank | 305,535 | 10.9 | 111,764 | 4 | 139,704 | 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 September 30, 2014 and December 31, 2013 include $52.2 million and $32.0 million, respectively, of trust preferred securities 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 September 30, 2014 and December 31, 2013, all $52.2 million and $32.0 million, respectively, 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. On May 9, 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 June 25, 2014 to shareholders of record as of June 13, 2014. On July 17, 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 September 24, 2014 to shareholders of record as of September 12, 2014. On October 16, 2014, our Board of Directors declared a cash dividend on our common stock in the amount of $0.12 per share that will be paid on December 24, 2014 to shareholders of record as of December 12, 2014. In addition, on May 9, 2014, our Board of Directors declared a special cash dividend on our common stock in the amount of $2.00 per share that was paid on May 29, 2014 to shareholders of record as of May 22, 2014. The special cash dividend, in contemplation of the plan of merger with Firstbank, was paid to Mercantile shareholders prior to the effective date of the merger with Firstbank and before the issuance of Mercantile shares in exchange for Firstbank shares. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Accounting, Policy [Policy Text Block] | ' |
Basis of Presentation: The unaudited financial statements for the nine months ended September 30, 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 September 30, 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 have five separate business trusts that were formed to issue trust preferred securities. Subordinated debentures were issued to the trusts in return for the proceeds raised from the issuance of the trust preferred securities. The trusts are not consolidated, but instead we report the subordinated debentures issued to the trusts 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. | |
Stock options for approximately 141,000 shares of common stock were included in determining diluted earnings per share for the three and nine months ended September 30, 2014. Stock options for approximately 175,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and nine months ended September 30, 2014. | |
Approximately 64,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three and nine months ended September 30, 2013. In addition, stock options for approximately 54,000 shares of common stock were included in determining diluted earnings per share for the three and nine months ended September 30, 2013. Stock options for approximately 94,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and nine months ended September 30, 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. | |
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block] | ' |
Investments: Investments are presented at fair value as required by accounting principles. Our investment portfolio is classified as available for sale, as such: adjustments to the fair value are reported as a change in equity. If a security is deemed to be other than temporarily impaired, the adjustment to fair value is recorded through the income statement. | |
Securities available for sale consist of bonds and notes which might be sold prior to maturity due to changes in interest rates, prepayment risks, yield and availability of alternative investments, liquidity needs or other factors. Securities classified as available for sale are reported at their fair value and the related unrealized holding gain or loss (the difference between the fair value and amortized cost of the securities so classified) is reported in other comprehensive income. Other securities such as Federal Home Loan Bank stock are carried at cost. Interest income includes amortization of purchase premium or accretion of purchase discount. Premiums and discounts on securities are amortized or accreted on the level-yield method. Gains and losses on sales are recorded on the trade date and are determined using the specific identification method. | |
Declines in the fair value of securities below their cost that are other than temporary are reflected as realized losses. In estimating other-than-temporary losses, management considers: (1) the length of time and extent that fair value has been less than carrying value; (2) the financial condition and near-term prospects of the issuer; and (3) the Company’s ability and intent to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. | |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | ' |
Loans Held for Sale: Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or market, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. As of September 30, 2014 and December 31, 2013, we determined that the fair value of our mortgage loans held for sale approximated the recorded cost of $2.1 million and $1.1 million, respectively. | |
Mortgage loans held for sale are generally sold with servicing rights retained. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold, which is reduced by the cost allocated to the servicing right. We generally lock in the sale price to the purchaser of the loan at the same time we make a rate commitment to the borrower. These mortgage banking activities are not designated as hedges and are carried at fair value. The net gain or loss on mortgage banking derivatives is included in the gain on sale of loans. Mortgage loans serviced for others totaled approximately $592 million as of September 30, 2014. | |
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block] | ' |
Mortgage Banking Activities: Servicing rights are recognized as assets based on the allocated fair value of retained servicing rights on loans sold. Servicing rights are carried at the lower of amortized cost or fair value and are expensed in proportion to, and over the period of, estimated net servicing income. Impairment is evaluated quarterly based on the fair value of the servicing rights, using groupings of the underlying loans as to interest rates, types of loans, loan size, term and other factors. Any temporary impairment of a grouping is reported as a valuation allowance which is recovered when impairment no longer exists. Other-than-temporary impairments are recorded as a direct write-down to the carrying value of the servicing assets. | |
Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. Amortization of mortgage servicing rights is netted against loan servicing income in the income statement. | |
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 10. 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. | |
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' |
Goodwill and Core Deposit Intangible: Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Goodwill is assessed at least annually for impairment and any such impairment is recognized in the period identified. A more frequent assessment is performed if conditions in the market place or changes in the company’s organizational structure occur. We use a discounted income approach and a market valuation model, which compares the inherent value of our company to valuations of recent transactions in the market place to determine if our goodwill has been impaired. | |
The core deposit intangible that arose from the Firstbank Corporation acquisition was initially measured at fair value and is being amortized into noninterest expense over a ten-year period using the sum-of-the-years-digits methodology. | |
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 adoption of this ASU is not expected to have a material effect on our financial position or results of operations. | |
In August 2014, the FASB issued ASU 2014-14, Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure. This ASU requires that certain government-guaranteed mortgage loans, including those guaranteed by the Federal Housing Administration, be derecognized and that a separate other receivable be recognized upon foreclosure if certain conditions are met. Upon foreclosure on the loans that meet these criteria, a separate receivable should be recorded based on the amount of the loan balance expected to be recovered from the guarantor. The amendments are effective for annual periods, and interim periods within those years, beginning after December 15, 2014. The adoption of this ASU is not expected to have a material effect on our financial position or results of operations. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This ASU establishes a comprehensive revenue recognition standard for virtually all industries under U.S. GAAP, including those that previously followed industry-specific guidance such as the real estate, construction and software industries. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the standard requires five basic steps: i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. This ASU is effective for annual and interim periods beginning after December 15, 2016 with three transition methods available – full retrospective, retrospective and cumulative effect approach. Adoption of this ASU is not expected to have a material effect on our financial position or results of operations. | |
In June 2014, the FASB issued ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. This ASU requires two accounting changes. First, repurchase-to-maturity transactions will be accounted for as secured borrowing transactions on the balance sheet, rather than sales. Second, for repurchase financing arrangements, the ASU requires separate accounting for a transfer of a financial asset executed contemporaneously with (or in contemplation of) a repurchase agreement with the same counterparty, which also will generally result in secured borrowing accounting for the repurchase agreement. The ASU also introduces new disclosures to increase transparency about the types of collateral pledged for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions that are accounted for as secured borrowings. The ASU also requires a transferor to disclose information about transactions accounted for as a sale in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets through an agreement with the transferee. The accounting changes and disclosure for certain transactions accounted for as a sale are effective for the first interim or annual period beginning after December 15, 2014. The disclosure for transactions accounted for as secured borrowings is required for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. Adoption of this ASU is not expected to have a material effect on our financial position or results of operations. |
Note_2_Business_Combination_Ta
Note 2 - Business Combination (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block] | ' | ||||||||||||||||
Mercantile common shares issued for Firstbank common shares | 8,087,272 | ||||||||||||||||
Price per share, based on Mercantile closing price on May 30, 2014 | $ | 21.43 | |||||||||||||||
Value of common stock issued | 173,310,000 | ||||||||||||||||
Replacement stock options | 1,664,000 | ||||||||||||||||
Total purchase price | $ | 174,974,000 | |||||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | ||||||||||||||||
Assets | |||||||||||||||||
Cash and cash equivalents | $ | 91,806,000 | |||||||||||||||
Securities | 358,599,000 | ||||||||||||||||
Total loans | 943,662,000 | ||||||||||||||||
Premises and equipment | 24,049,000 | ||||||||||||||||
Core deposit intangible | 17,478,000 | ||||||||||||||||
Mortgage servicing rights | 7,389,000 | ||||||||||||||||
Other assets | 8,500,000 | ||||||||||||||||
Total Assets | $ | 1,451,483,000 | |||||||||||||||
Liabilities | |||||||||||||||||
Deposits | $ | 1,229,609,000 | |||||||||||||||
Borrowings | 87,615,000 | ||||||||||||||||
Other liabilities | 10,155,000 | ||||||||||||||||
Total Liabilities | $ | 1,327,379,000 | |||||||||||||||
Net Identifiable Assets Acquired | $ | 124,104,000 | |||||||||||||||
Goodwill | $ | 50,870,000 | |||||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||||||||||||||
Three months ended Sept 30, | Nine months ended Sept 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Net interest income | $ | 25,989,000 | $ | 11,994,000 | $ | 54,924,000 | $ | 37,080,000 | |||||||||
Noninterest expense | 24,572,000 | 14,284,000 | 47,338,000 | 32,944,000 | |||||||||||||
Net income | 3,281,000 | 693,000 | 11,711,000 | 9,617,000 | |||||||||||||
Net income per diluted share | 0.19 | 0.04 | 0.69 | 0.57 | |||||||||||||
Business Acquisition, Fair Value of Loans Acquired [Table Text Block] | ' | ||||||||||||||||
Acquired | Acquired | Acquired | |||||||||||||||
Impaired | Non-Impaired | Total Loans | |||||||||||||||
Commercial Loans: | |||||||||||||||||
Commercial & industrial | $ | 878,000 | $ | 163,316,000 | $ | 164,194,000 | |||||||||||
Commercial real estate | 12,973,000 | 378,016,000 | 390,989,000 | ||||||||||||||
Construction & development | 1,289,000 | 33,726,000 | 35,015,000 | ||||||||||||||
Total Commercial Loans | $ | 15,140,000 | $ | 575,058,000 | $ | 590,198,000 | |||||||||||
Consumer Loans: | |||||||||||||||||
Residential mortgages | $ | 9,694,000 | $ | 216,653,000 | $ | 226,347,000 | |||||||||||
Instalment | 167,000 | 61,657,000 | 61,824,000 | ||||||||||||||
Home equity lines | 288,000 | 52,054,000 | 52,342,000 | ||||||||||||||
Construction | 76,000 | 12,875,000 | 12,951,000 | ||||||||||||||
Total Consumer Loans | $ | 10,225,000 | $ | 343,239,000 | $ | 353,464,000 | |||||||||||
Total Loans | $ | 25,365,000 | $ | 918,297,000 | $ | 943,662,000 | |||||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | ' | ||||||||||||||||
Acquired | |||||||||||||||||
Impaired | |||||||||||||||||
Contractual required payments | $ | 44,936,000 | |||||||||||||||
Nonaccretable difference | 17,057,000 | ||||||||||||||||
Expected cash flows | 27,879,000 | ||||||||||||||||
Accretable yield | 2,514,000 | ||||||||||||||||
Carrying balance | $ | 25,365,000 |
Note_3_Securities_Tables
Note 3 - Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 209,371,000 | $ | 823,000 | $ | (5,717,000 | ) | $ | 204,477,000 | ||||||||||||||||
Mortgage-backed securities | 99,574,000 | 1,083,000 | (399,000 | ) | 100,258,000 | ||||||||||||||||||||
Municipal general obligation bonds | 135,575,000 | 1,003,000 | (328,000 | ) | 136,250,000 | ||||||||||||||||||||
Municipal revenue bonds | 11,022,000 | 112,000 | (17,000 | ) | 11,117,000 | ||||||||||||||||||||
Other Investments | 1,916,000 | 0 | (9,000 | ) | 1,907,000 | ||||||||||||||||||||
$ | 457,458,000 | $ | 3,021,000 | $ | (6,470,000 | ) | $ | 454,009,000 | |||||||||||||||||
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 | ||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government agency debt obligations | $ | 83,379,000 | $ | (436,000 | ) | $ | 71,673,000 | $ | (5,281,000 | ) | $ | 155,052,000 | $ | (5,717,000 | ) | ||||||||||
Mortgage-backed securities | 72,205,000 | (399,000 | ) | 0 | 0 | 72,205,000 | (399,000 | ) | |||||||||||||||||
Municipal general obligation bonds | 24,844,000 | (328,000 | ) | 0 | 0 | 24,844,000 | (328,000 | ) | |||||||||||||||||
Municipal revenue bonds | 5,438,000 | (17,000 | ) | 0 | 0 | 5,438,000 | (17,000 | ) | |||||||||||||||||
Other investments | 0 | 0 | 1,399,000 | (9,000 | ) | 1,399,000 | (9,000 | ) | |||||||||||||||||
$ | 185,866,000 | $ | (1,180,000 | ) | $ | 73,072,000 | $ | (5,290,000 | ) | $ | 258,938,000 | $ | (6,470,000 | ) | |||||||||||
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 | |||||||||||||||||||||||||
Average | Amortized | Fair | |||||||||||||||||||||||
Yield | Cost | Value | |||||||||||||||||||||||
Due in 2014 | 1.01% | $ | 11,072,000 | $ | 11,082,000 | ||||||||||||||||||||
Due in 2015 through 2019 | 1.26 | 182,997,000 | 182,029,000 | ||||||||||||||||||||||
Due in 2020 through 2024 | 3.01 | 71,801,000 | 71,698,000 | ||||||||||||||||||||||
Due in 2025 and beyond | 3.63 | 90,098,000 | 87,035,000 | ||||||||||||||||||||||
Mortgage-backed securities | 1.61 | 99,574,000 | 100,258,000 | ||||||||||||||||||||||
Other investments | 1.55 | 1,916,000 | 1,907,000 | ||||||||||||||||||||||
2.08% | $ | 457,458,000 | $ | 454,009,000 |
Note_4_Loans_and_Allowance_for1
Note 4 - Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||
Percent | |||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | Increase | |||||||||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 362,329,000 | 30.5 | % | $ | 286,373,000 | 27.2 | % | 26.5 | % | |||||||||||||||||||
Vacant land, land development, and residential construction | 30,246,000 | 2.5 | 36,741,000 | 3.5 | (17.7 | ) | |||||||||||||||||||||||
Real estate – owner occupied | 267,072,000 | 22.5 | 261,877,000 | 24.9 | 2 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 401,762,000 | 33.9 | 364,066,000 | 34.6 | 10.4 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 42,393,000 | 3.6 | 37,639,000 | 3.5 | 12.6 | ||||||||||||||||||||||||
Total commercial | 1,103,802,000 | 93 | 986,696,000 | 93.7 | 11.9 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 44,917,000 | 3.8 | 35,080,000 | 3.3 | 28 | ||||||||||||||||||||||||
1-4 family mortgages | 37,994,000 | 3.2 | 31,467,000 | 3 | 20.7 | ||||||||||||||||||||||||
Total retail | 82,911,000 | 7 | 66,547,000 | 6.3 | 24.6 | ||||||||||||||||||||||||
Total originated loans | $ | 1,186,713,000 | 100 | % | $ | 1,053,243,000 | 100 | % | 12.7 | % | |||||||||||||||||||
Percent | |||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | Increase | |||||||||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 179,476,000 | 20.4 | % | $ | 0 | NA | NM | |||||||||||||||||||||
Vacant land, land development, and residential construction | 21,972,000 | 2.5 | 0 | NA | NM | ||||||||||||||||||||||||
Real estate – owner occupied | 145,398,000 | 16.5 | 0 | NA | NM | ||||||||||||||||||||||||
Real estate – non-owner occupied | 182,660,000 | 20.7 | 0 | NA | NM | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 53,256,000 | 6 | 0 | NA | NM | ||||||||||||||||||||||||
Total commercial | 582,762,000 | 66.1 | 0 | NA | NM | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 119,033,000 | 13.5 | 0 | NA | NM | ||||||||||||||||||||||||
1-4 family mortgages | 179,757,000 | 20.4 | 0 | NA | NM | ||||||||||||||||||||||||
Total retail | 298,790,000 | 33.9 | 0 | NA | NM | ||||||||||||||||||||||||
Total acquired loans | $ | 881,552,000 | 100 | % | $ | 0 | NA | NM | |||||||||||||||||||||
Percent | |||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | Increase | |||||||||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 541,805,000 | 26.2 | % | $ | 286,373,000 | 27.2 | % | 89.2 | % | |||||||||||||||||||
Vacant land, land development, and residential construction | 52,218,000 | 2.5 | 36,741,000 | 3.5 | 42.1 | ||||||||||||||||||||||||
Real estate – owner occupied | 412,470,000 | 19.9 | 261,877,000 | 24.9 | 57.5 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 584,422,000 | 28.3 | 364,066,000 | 34.6 | 60.5 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 95,649,000 | 4.6 | 37,639,000 | 3.5 | 154.1 | ||||||||||||||||||||||||
Total commercial | 1,686,564,000 | 81.5 | 986,696,000 | 93.7 | 70.9 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 163,950,000 | 7.9 | 35,080,000 | 3.3 | 367.4 | ||||||||||||||||||||||||
1-4 family mortgages | 217,751,000 | 10.6 | 31,467,000 | 3 | 592 | ||||||||||||||||||||||||
Total retail | 381,701,000 | 18.5 | 66,547,000 | 6.3 | 473.6 | ||||||||||||||||||||||||
Total loans | $ | 2,068,265,000 | 100 | % | $ | 1,053,243,000 | 100 | % | 96.4 | % | |||||||||||||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Accretable Yield Movement [Table Text Block] | ' | ||||||||||||||||||||||||||||
Balance at June 30, 2014 | $ | 2,411,000 | |||||||||||||||||||||||||||
Additions | 0 | ||||||||||||||||||||||||||||
Accretion | (285,000 | ) | |||||||||||||||||||||||||||
Net reclassification from nonaccretable to accretable | 0 | ||||||||||||||||||||||||||||
Disposals | (48,000 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 2,078,000 | |||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 0 | |||||||||||||||||||||||||||
Additions | 2,514,000 | ||||||||||||||||||||||||||||
Accretion | (388,000 | ) | |||||||||||||||||||||||||||
Net reclassification from nonaccretable to accretable | 0 | ||||||||||||||||||||||||||||
Disposals | (48,000 | ) | |||||||||||||||||||||||||||
Ending balance | $ | 2,078,000 | |||||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Loans past due 90 days or more still accruing interest | $ | 0 | $ | 0 | |||||||||||||||||||||||||
Nonaccrual loans | 4,856,000 | 6,718,000 | |||||||||||||||||||||||||||
Total nonperforming originated loans | $ | 4,856,000 | $ | 6,718,000 | |||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Loans past due 90 days or more still accruing interest | $ | 81,000 | $ | NA | |||||||||||||||||||||||||
Nonaccrual loans | 1,134,000 | NA | |||||||||||||||||||||||||||
Total nonperforming aquired loans | $ | 1,215,000 | $ | NA | |||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 350,000 | $ | 1,501,000 | |||||||||||||||||||||||||
Vacant land, land development, and residential construction | 222,000 | 785,000 | |||||||||||||||||||||||||||
Real estate – owner occupied | 733,000 | 389,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 329,000 | 168,000 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 331,000 | 208,000 | |||||||||||||||||||||||||||
Total commercial | 1,965,000 | 3,051,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 914,000 | 788,000 | |||||||||||||||||||||||||||
1-4 family mortgages | 3,192,000 | 2,879,000 | |||||||||||||||||||||||||||
Total retail | 4,106,000 | 3,667,000 | |||||||||||||||||||||||||||
Total nonperforming loans | $ | 6,071,000 | $ | 6,718,000 | |||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Greater | Recorded | ||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Than 89 | Balance > 89 | ||||||||||||||||||||||||||
Days | Days | Days | Total | Total | Days and | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Loans | Accruing | |||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 362,329,000 | $ | 362,329,000 | $ | 0 | |||||||||||||||
Vacant land, land development, and residential construction | 0 | 0 | 0 | 0 | 30,246,000 | 30,246,000 | 0 | ||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 217,000 | 217,000 | 266,855,000 | 267,072,000 | 0 | ||||||||||||||||||||||
Real estate – non-owner occupied | 201,000 | 0 | 0 | 201,000 | 401,561,000 | 401,762,000 | 0 | ||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | 0 | 42,393,000 | 42,393,000 | 0 | ||||||||||||||||||||||
Total commercial | 201,000 | 0 | 217,000 | 418,000 | 1,103,384,000 | 1,103,802,000 | 0 | ||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 67,000 | 0 | 0 | 67,000 | 44,850,000 | 44,917,000 | 0 | ||||||||||||||||||||||
1-4 family mortgages | 33,000 | 0 | 344,000 | 377,000 | 37,617,000 | 37,994,000 | 0 | ||||||||||||||||||||||
Total retail | 100,000 | 0 | 344,000 | 444,000 | 82,467,000 | 82,911,000 | 0 | ||||||||||||||||||||||
Total past due loans | $ | 301,000 | $ | 0 | $ | 561,000 | $ | 862,000 | $ | 1,185,851,000 | $ | 1,186,713,000 | $ | 0 | |||||||||||||||
Greater | Recorded | ||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Than 89 | Balance > 89 | ||||||||||||||||||||||||||
Days | Days | Days | Total | Total | Days and | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Loans | Accruing | |||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 66,000 | $ | 11,000 | $ | 23,000 | $ | 100,000 | $ | 179,376,000 | $ | 179,476,000 | $ | 0 | |||||||||||||||
Vacant land, land development, and residential construction | 0 | 0 | 0 | 0 | 21,972,000 | 21,972,000 | 0 | ||||||||||||||||||||||
Real estate – owner occupied | 112,000 | 0 | 1,914,000 | 2,026,000 | 143,372,000 | 145,398,000 | 0 | ||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 2,732,000 | 2,732,000 | 179,928,000 | 182,660,000 | 0 | ||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 81,000 | 81,000 | 53,175,000 | 53,256,000 | 0 | ||||||||||||||||||||||
Total commercial | 178,000 | 11,000 | 4,750,000 | 4,939,000 | 577,823,000 | 582,762,000 | 0 | ||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 405,000 | 122,000 | 103,000 | 630,000 | 118,403,000 | 119,033,000 | 3,000 | ||||||||||||||||||||||
1-4 family mortgages | 1,684,000 | 504,000 | 844,000 | 3,032,000 | 176,725,000 | 179,757,000 | 238,000 | ||||||||||||||||||||||
Total retail | 2,089,000 | 626,000 | 947,000 | 3,662,000 | 295,128,000 | 298,790,000 | 241,000 | ||||||||||||||||||||||
Total past due loans | $ | 2,267,000 | $ | 637,000 | $ | 5,697,000 | $ | 8,601,000 | $ | 872,951,000 | $ | 881,552,000 | $ | 241,000 | |||||||||||||||
Greater | Recorded | ||||||||||||||||||||||||||||
30 – 59 | 60 – 89 | Than 89 | Balance > 89 | ||||||||||||||||||||||||||
Days | Days | Days | Total | Total | Days and | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Loans | Accruing | |||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
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] | ' | ||||||||||||||||||||||||||||
Third Quarter | Year-To-Date | ||||||||||||||||||||||||||||
Unpaid | Average | Average | |||||||||||||||||||||||||||
Contractual | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Principal | Principal | Related | Principal | Principal | |||||||||||||||||||||||||
Balance | Balance | Allowance | Balance | Balance | |||||||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,250,000 | $ | 1,250,000 | - | $ | 691,000 | $ | 525,000 | ||||||||||||||||||||
Vacant land, land development and residential construction | 545,000 | 222,000 | 111,000 | 232,000 | |||||||||||||||||||||||||
Real estate – owner occupied | 19,499,000 | 17,815,000 | 9,227,000 | 4,981,000 | |||||||||||||||||||||||||
Real estate – non-owner occupied | 575,000 | 575,000 | 576,000 | 911,000 | |||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Total commercial | 21,869,000 | 19,862,000 | 10,605,000 | 6,649,000 | |||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 707,000 | 639,000 | 642,000 | 598,000 | |||||||||||||||||||||||||
1-4 family mortgages | 1,102,000 | 547,000 | 553,000 | 591,000 | |||||||||||||||||||||||||
Total retail | 1,809,000 | 1,186,000 | 1,195,000 | 1,189,000 | |||||||||||||||||||||||||
Total with no related allowance recorded | $ | 23,678,000 | $ | 21,048,000 | $ | 11,800,000 | $ | 7,838,000 | |||||||||||||||||||||
Third Quarter | Year-To-Date | ||||||||||||||||||||||||||||
Unpaid | Average | Average | |||||||||||||||||||||||||||
Contractual | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Principal | Principal | Related | Principal | Principal | |||||||||||||||||||||||||
Balance | Balance | Allowance | Balance | Balance | |||||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 5,404,000 | $ | 5,363,000 | $ | 2,251,000 | $ | 3,087,000 | $ | 2,142,000 | |||||||||||||||||||
Vacant land, land development and residential construction | 2,798,000 | 2,798,000 | 318,000 | 3,049,000 | 3,536,000 | ||||||||||||||||||||||||
Real estate – owner occupied | 2,218,000 | 2,016,000 | 628,000 | 2,238,000 | 1,869,000 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 17,023,000 | 17,023,000 | 6,489,000 | 17,377,000 | 18,819,000 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 1,861,000 | 1,808,000 | 799,000 | 1,679,000 | 1,783,000 | ||||||||||||||||||||||||
Total commercial | 29,304,000 | 29,008,000 | 10,485,000 | 27,430,000 | 28,149,000 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 117,000 | 87,000 | 87,000 | 88,000 | 139,000 | ||||||||||||||||||||||||
1-4 family mortgages | 2,206,000 | 2,073,000 | 792,000 | 2,093,000 | 2,144,000 | ||||||||||||||||||||||||
Total retail | 2,323,000 | 2,160,000 | 879,000 | 2,181,000 | 2,283,000 | ||||||||||||||||||||||||
Total with an allowance recorded | $ | 31,627,000 | $ | 31,168,000 | $ | 11,364,000 | $ | 29,611,000 | $ | 30,432,000 | |||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Commercial | $ | 51,173,000 | $ | 48,870,000 | $ | 10,485,000 | $ | 38,035,000 | $ | 34,798,000 | |||||||||||||||||||
Retail | 4,132,000 | 3,346,000 | 879,000 | 3,376,000 | 3,472,000 | ||||||||||||||||||||||||
Total impaired loans | $ | 55,305,000 | $ | 52,216,000 | $ | 11,364,000 | $ | 41,411,000 | $ | 38,270,000 | |||||||||||||||||||
Third Quarter | Year-To-Date | ||||||||||||||||||||||||||||
Unpaid | Average | Average | |||||||||||||||||||||||||||
Contractual | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Principal | Principal | Related | Principal | Principal | |||||||||||||||||||||||||
Balance | Balance | Allowance | Balance | Balance | |||||||||||||||||||||||||
With no related allowance recorded | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 2,229,000 | $ | 511,000 | - | $ | 1,170,000 | $ | 1,378,000 | ||||||||||||||||||||
Vacant land, land development and residential construction | 475,000 | 362,000 | 907,000 | 1,148,000 | |||||||||||||||||||||||||
Real estate – owner occupied | 1,270,000 | 785,000 | 865,000 | 1,159,000 | |||||||||||||||||||||||||
Real estate – non-owner occupied | 895,000 | 733,000 | 4,651,000 | 4,878,000 | |||||||||||||||||||||||||
Real estate – multi-family and residential rental | 41,000 | 1,000 | 425,000 | 487,000 | |||||||||||||||||||||||||
Total commercial | 4,910,000 | 2,392,000 | 8,018,000 | 9,050,000 | |||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 507,000 | 461,000 | 466,000 | 474,000 | |||||||||||||||||||||||||
1-4 family mortgages | 1,272,000 | 647,000 | 715,000 | 746,000 | |||||||||||||||||||||||||
Total retail | 1,779,000 | 1,108,000 | 1,181,000 | 1,220,000 | |||||||||||||||||||||||||
Total with no related allowance recorded | $ | 6,689,000 | $ | 3,500,000 | $ | 9,199,000 | $ | 10,270,000 | |||||||||||||||||||||
Third Quarter | Year-To-Date | ||||||||||||||||||||||||||||
Unpaid | Average | Average | |||||||||||||||||||||||||||
Contractual | Recorded | Recorded | Recorded | ||||||||||||||||||||||||||
Principal | Principal | Related | Principal | Principal | |||||||||||||||||||||||||
Balance | Balance | Allowance | Balance | Balance | |||||||||||||||||||||||||
With an allowance recorded | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,517,000 | $ | 1,440,000 | $ | 792,000 | $ | 1,764,000 | $ | 1,990,000 | |||||||||||||||||||
Vacant land, land development and residential construction | 4,436,000 | 4,139,000 | 844,000 | 4,466,000 | 3,158,000 | ||||||||||||||||||||||||
Real estate – owner occupied | 1,513,000 | 1,513,000 | 528,000 | 2,330,000 | 2,810,000 | ||||||||||||||||||||||||
Real estate – non-owner occupied | 21,088,000 | 21,072,000 | 7,969,000 | 28,789,000 | 30,216,000 | ||||||||||||||||||||||||
Real estate – multi-family and residential rental | 3,219,000 | 2,684,000 | 1,127,000 | 2,639,000 | 2,973,000 | ||||||||||||||||||||||||
Total commercial | 31,773,000 | 30,848,000 | 11,260,000 | 39,988,000 | 41,147,000 | ||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 320,000 | 289,000 | 96,000 | 309,000 | 339,000 | ||||||||||||||||||||||||
1-4 family mortgages | 2,274,000 | 2,231,000 | 1,030,000 | 2,480,000 | 1,477,000 | ||||||||||||||||||||||||
Total retail | 2,594,000 | 2,520,000 | 1,126,000 | 2,789,000 | 1,816,000 | ||||||||||||||||||||||||
Total with an allowance recorded | $ | 34,367,000 | $ | 33,368,000 | $ | 12,386,000 | $ | 42,777,000 | $ | 42,963,000 | |||||||||||||||||||
Total impaired loans: | |||||||||||||||||||||||||||||
Commercial | $ | 36,683,000 | $ | 33,240,000 | $ | 11,260,000 | $ | 48,006,000 | $ | 50,197,000 | |||||||||||||||||||
Retail | 4,373,000 | 3,628,000 | 1,126,000 | 3,970,000 | 3,036,000 | ||||||||||||||||||||||||
Total impaired loans | $ | 41,056,000 | $ | 36,868,000 | $ | 12,386,000 | $ | 51,976,000 | $ | 53,233,000 | |||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Vacant Land, | Commercial | ||||||||||||||||||||||||||||
Land | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Internal credit risk grade groupings: | |||||||||||||||||||||||||||||
Grades 1 – 4 | $ | 248,213,000 | $ | 7,451,000 | $ | 169,127,000 | $ | 270,074,000 | $ | 17,812,000 | |||||||||||||||||||
Grades 5 – 7 | 107,038,000 | 19,774,000 | 78,049,000 | 118,498,000 | 22,758,000 | ||||||||||||||||||||||||
Grades 8 – 9 | 7,078,000 | 3,021,000 | 19,896,000 | 13,190,000 | 1,823,000 | ||||||||||||||||||||||||
Total commercial | $ | 362,329,000 | $ | 30,246,000 | $ | 267,072,000 | $ | 401,762,000 | $ | 42,393,000 | |||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Vacant Land, | Commercial | ||||||||||||||||||||||||||||
Land | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Internal credit risk grade groupings: | |||||||||||||||||||||||||||||
Grades 1 – 4 | $ | 72,928,000 | $ | 4,931,000 | $ | 35,824,000 | $ | 69,611,000 | $ | 24,144,000 | |||||||||||||||||||
Grades 5 – 7 | 102,862,000 | 15,711,000 | 100,845,000 | 105,564,000 | 28,654,000 | ||||||||||||||||||||||||
Grades 8 – 9 | 3,686,000 | 1,330,000 | 8,729,000 | 7,485,000 | 458,000 | ||||||||||||||||||||||||
Total commercial | $ | 179,476,000 | $ | 21,972,000 | $ | 145,398,000 | $ | 182,660,000 | $ | 53,256,000 | |||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Vacant Land, | Commercial | ||||||||||||||||||||||||||||
Land | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | 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 | ||||||||||||||||||||||||||||
Loans | Loans | Unallocated | Total | ||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance at June 30, 2014 | $ | 19,107,000 | $ | 1,774,000 | $ | (25,000 | ) | $ | 20,856,000 | ||||||||||||||||||||
Provision for loan losses | (473,000 | ) | 63,000 | 10,000 | (400,000 | ) | |||||||||||||||||||||||
Charge-offs | (24,000 | ) | (321,000 | ) | 0 | (345,000 | ) | ||||||||||||||||||||||
Recoveries | 102,000 | 161,000 | 0 | 263,000 | |||||||||||||||||||||||||
Ending balance | $ | 18,712,000 | $ | 1,677,000 | $ | (15,000 | ) | $ | 20,374,000 | ||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | 20,455,000 | $ | 2,358,000 | $ | 8,000 | $ | 22,821,000 | |||||||||||||||||||||
Provision for loan losses | (2,251,000 | ) | (726,000 | ) | (23,000 | ) | (3,000,000 | ) | |||||||||||||||||||||
Charge-offs | (708,000 | ) | (328,000 | ) | 0 | (1,036,000 | ) | ||||||||||||||||||||||
Recoveries | 1,216,000 | 373,000 | 0 | 1,589,000 | |||||||||||||||||||||||||
Ending balance | $ | 18,712,000 | $ | 1,677,000 | $ | (15,000 | ) | $ | 20,374,000 | ||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 10,485,000 | $ | 879,000 | $ | 0 | $ | 11,364,000 | |||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 8,227,000 | $ | 798,000 | $ | (15,000 | ) | $ | 9,010,000 | ||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 1,103,802,000 | $ | 82,911,000 | $ | 1,186,713,000 | |||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 48,870,000 | $ | 3,346,000 | $ | 52,216,000 | |||||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,054,932,000 | $ | 79,565,000 | $ | 1,134,497,000 | |||||||||||||||||||||||
Commercial | Retail | ||||||||||||||||||||||||||||
Loans | Loans | Unallocated | Total | ||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance at June 30, 2013 | $ | 22,382,000 | $ | 2,559,000 | $ | 6,000 | $ | 24,947,000 | |||||||||||||||||||||
Provision for loan losses | (1,730,000 | ) | (7,000 | ) | 37,000 | (1,700,000 | ) | ||||||||||||||||||||||
Charge-offs | 0 | (85,000 | ) | 0 | (85,000 | ) | |||||||||||||||||||||||
Recoveries | 2,002,000 | 31,000 | 0 | 2,033,000 | |||||||||||||||||||||||||
Ending balance | $ | 22,654,000 | $ | 2,498,000 | $ | 43,000 | $ | 25,195,000 | |||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | 26,043,000 | $ | 2,645,000 | $ | (11,000 | ) | $ | 28,677,000 | ||||||||||||||||||||
Provision for loan losses | (4,375,000 | ) | (379,000 | ) | 54,000 | (4,700,000 | ) | ||||||||||||||||||||||
Charge-offs | (2,774,000 | ) | (107,000 | ) | 0 | (2,881,000 | ) | ||||||||||||||||||||||
Recoveries | 3,760,000 | 339,000 | 0 | 4,099,000 | |||||||||||||||||||||||||
Ending balance | $ | 22,654,000 | $ | 2,498,000 | $ | 43,000 | $ | 25,195,000 | |||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 13,860,000 | $ | 1,203,000 | $ | 0 | $ | 15,063,000 | |||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 8,794,000 | $ | 1,295,000 | $ | 43,000 | $ | 10,132,000 | |||||||||||||||||||||
Total loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 1,007,763,000 | $ | 67,724,000 | $ | 1,075,487,000 | |||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 46,426,000 | $ | 3,851,000 | $ | 50,277,000 | |||||||||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 961,337,000 | $ | 63,873,000 | $ | 1,025,210,000 | |||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 5,994,000 | $ | 6,094,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 2 | 16,787,000 | 16,787,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated commercial | 4 | 22,781,000 | 22,881,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated loans | 4 | $ | 22,781,000 | $ | 22,881,000 | ||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired commercial | 0 | 0 | 0 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired loans | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 5,994,000 | $ | 6,094,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 2 | 16,787,000 | 16,787,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total commercial | 4 | 22,781,000 | 22,881,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total loans | 4 | $ | 22,781,000 | $ | 22,881,000 | ||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 5,994,000 | $ | 6,094,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 3 | 17,783,000 | 17,783,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 1 | 146,000 | 146,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated commercial | 6 | 23,923,000 | 24,023,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated loans | 6 | $ | 23,923,000 | $ | 24,023,000 | ||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Acquired loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired commercial | 0 | 0 | 0 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total acquired loans | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Total loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 5,994,000 | $ | 6,094,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 3 | 17,783,000 | 17,783,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 1 | 146,000 | 146,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total commercial | 6 | 23,923,000 | 24,023,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total loans | 6 | $ | 23,923,000 | $ | 24,023,000 | ||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 553,000 | $ | 553,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – owner occupied | 0 | 0 | 0 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 2 | 171,000 | 171,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 2 | 346,000 | 346,000 | ||||||||||||||||||||||||||
Total originated commercial | 5 | 1,070,000 | 1,070,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated retail | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total originated loans | 5 | $ | 1,070,000 | $ | 1,070,000 | ||||||||||||||||||||||||
Pre- | Post- | ||||||||||||||||||||||||||||
Modification | Modification | ||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Number of | Principal | Principal | |||||||||||||||||||||||||||
Contracts | Balance | Balance | |||||||||||||||||||||||||||
Originated loans | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 2 | $ | 613,000 | $ | 613,000 | ||||||||||||||||||||||||
Vacant land, land development and residential construction | 2 | 3,247,000 | 3,247,000 | ||||||||||||||||||||||||||
Real estate – owner occupied | 3 | 909,000 | 909,000 | ||||||||||||||||||||||||||
Real estate – non-owner occupied | 4 | 2,239,000 | 2,239,000 | ||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 2 | 346,000 | 346,000 | ||||||||||||||||||||||||||
Total originated commercial | 13 | 7,354,000 | 7,354,000 | ||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | 0 | ||||||||||||||||||||||||||
1-4 family mortgages | 1 | 1,879,000 | 1,879,000 | ||||||||||||||||||||||||||
Total originated retail | 1 | 1,879,000 | 1,879,000 | ||||||||||||||||||||||||||
Total originated loans | 14 | $ | 9,233,000 | $ | 9,233,000 | ||||||||||||||||||||||||
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 | 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 | 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 | 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 | ||||||||||||||||||||||||||
Trouble Debt Restructuring Activity [Table Text Block] | ' | ||||||||||||||||||||||||||||
Commercial | Commercial | ||||||||||||||||||||||||||||
Vacant Land, | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Land Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 1,176,000 | $ | 3,786,000 | $ | 2,711,000 | $ | 18,664,000 | $ | 719,000 | |||||||||||||||||||
Charge-Offs | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Payments | (205,000 | ) | (287,000 | ) | (91,000 | ) | (655,000 | ) | (130,000 | ) | |||||||||||||||||||
Transfers to ORE | (21,000 | ) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Net Additions/Deletions | 6,315,000 | 0 | 16,748,000 | 0 | 0 | ||||||||||||||||||||||||
Ending Balance | $ | 7,265,000 | $ | 3,499,000 | $ | 19,368,000 | $ | 18,009,000 | $ | 589,000 | |||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 0 | $ | 2,077,000 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | 0 | (51,000 | ) | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 0 | $ | 2,026,000 | |||||||||||||||||||||||||
Commercial | Commercial | ||||||||||||||||||||||||||||
Vacant Land, | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Land Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 1,656,000 | $ | 4,501,000 | $ | 1,816,000 | $ | 22,311,000 | $ | 2,620,000 | |||||||||||||||||||
Charge-Offs | (67,000 | ) | 0 | (11,000 | ) | 0 | (420,000 | ) | |||||||||||||||||||||
Payments | (632,000 | ) | (3,901,000 | ) | (181,000 | ) | (4,621,000 | ) | (1,611,000 | ) | |||||||||||||||||||
Transfers to ORE | (21,000 | ) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Net Additions/Deletions | 6,329,000 | 2,899,000 | 17,744,000 | 319,000 | 0 | ||||||||||||||||||||||||
Ending Balance | $ | 7,265,000 | $ | 3,499,000 | $ | 19,368,000 | $ | 18,009,000 | $ | 589,000 | |||||||||||||||||||
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 | (165,000 | ) | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 0 | $ | 2,026,000 | |||||||||||||||||||||||||
Commercial | Commercial | ||||||||||||||||||||||||||||
Vacant Land, | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Land Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 2,266,000 | $ | 5,440,000 | $ | 3,580,000 | $ | 34,424,000 | $ | 2,775,000 | |||||||||||||||||||
Charge-Offs | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Payments | (324,000 | ) | (303,000 | ) | (271,000 | ) | (1,690,000 | ) | (295,000 | ) | |||||||||||||||||||
Transfers to ORE | 0 | 0 | 0 | (350,000 | ) | 0 | |||||||||||||||||||||||
Net Additions/Deletions | 466,000 | 0 | (652,000 | ) | 68,000 | 343,000 | |||||||||||||||||||||||
Ending Balance | $ | 2,408,000 | $ | 5,137,000 | $ | 2,657,000 | $ | 32,452,000 | $ | 2,823,000 | |||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 2,029,000 | $ | 0 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | (16,000 | ) | 0 | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 0 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 2,013,000 | $ | 0 | |||||||||||||||||||||||||
Commercial | Commercial | ||||||||||||||||||||||||||||
Vacant Land, | Commercial | Commercial | Real Estate - | ||||||||||||||||||||||||||
Commercial | Land Development, | Real Estate - | Real Estate - | Multi-Family | |||||||||||||||||||||||||
and | and Residential | Owner | Non-Owner | and Residential | |||||||||||||||||||||||||
Industrial | Construction | Occupied | Occupied | Rental | |||||||||||||||||||||||||
Commercial Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 2,721,000 | $ | 3,071,000 | $ | 4,116,000 | $ | 37,672,000 | $ | 3,026,000 | |||||||||||||||||||
Charge-Offs | (35,000 | ) | (725,000 | ) | (70,000 | ) | (716,000 | ) | (15,000 | ) | |||||||||||||||||||
Payments | (1,902,000 | ) | (456,000 | ) | (1,310,000 | ) | (5,475,000 | ) | (530,000 | ) | |||||||||||||||||||
Transfers to ORE | (74,000 | ) | 0 | (363,000 | ) | (1,153,000 | ) | 0 | |||||||||||||||||||||
Net Additions/Deletions | 1,698,000 | 3,247,000 | 284,000 | 2,124,000 | 342,000 | ||||||||||||||||||||||||
Ending Balance | $ | 2,408,000 | $ | 5,137,000 | $ | 2,657,000 | $ | 32,452,000 | $ | 2,823,000 | |||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Retail Loan Portfolio: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 155,000 | $ | 0 | |||||||||||||||||||||||||
Charge-Offs | 0 | 0 | |||||||||||||||||||||||||||
Payments | (21,000 | ) | 0 | ||||||||||||||||||||||||||
Transfers to ORE | 0 | 0 | |||||||||||||||||||||||||||
Net Additions/Deletions | 1,879,000 | 0 | |||||||||||||||||||||||||||
Ending Balance | $ | 2,013,000 | $ | 0 | |||||||||||||||||||||||||
Allowance Related to Loans Categorized as Troubled Debt Restructurings [Table Text Block] | ' | ||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | $ | 514,000 | $ | 187,000 | |||||||||||||||||||||||||
Vacant land, land development, and residential construction | 1,672,000 | 798,000 | |||||||||||||||||||||||||||
Real estate – owner occupied | 1,419,000 | 528,000 | |||||||||||||||||||||||||||
Real estate – non-owner occupied | 1,773,000 | 7,828,000 | |||||||||||||||||||||||||||
Real estate – multi-family and residential rental | 5,855,000 | 1,010,000 | |||||||||||||||||||||||||||
Total commercial | 11,233,000 | 10,351,000 | |||||||||||||||||||||||||||
Retail: | |||||||||||||||||||||||||||||
Home equity and other | 0 | 0 | |||||||||||||||||||||||||||
1-4 family mortgages | 0 | 0 | |||||||||||||||||||||||||||
Total retail | 0 | 0 | |||||||||||||||||||||||||||
Total related allowance | $ | 11,233,000 | $ | 10,351,000 | |||||||||||||||||||||||||
Retail Loan [Member] | ' | ||||||||||||||||||||||||||||
Note 4 - 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 | $ | 44,917,000 | $ | 37,994,000 | |||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Total retail | $ | 119,033,000 | $ | 179,757,000 | |||||||||||||||||||||||||
Retail | Retail | ||||||||||||||||||||||||||||
Home Equity | 1-4 Family | ||||||||||||||||||||||||||||
and Other | Mortgages | ||||||||||||||||||||||||||||
Total retail | $ | 35,080,000 | $ | 31,467,000 |
Note_5_Premises_and_Equipment_1
Note 5 - Premises and Equipment, Net (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Land, buildings and improvements | $ | 55,286,000 | $ | 33,289,000 | |||||
Furniture and equipment | 15,610,000 | 12,718,000 | |||||||
70,896,000 | 46,007,000 | ||||||||
Less: accumulated depreciation | 22,326,000 | 21,109,000 | |||||||
Premises and equipment, net | $ | 48,570,000 | $ | 24,898,000 |
Note_6_Deposits_Tables
Note 6 - Deposits (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||
Summary of Deposits and Percentage Change in Deposits | ' | ||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | Percent | |||||||||||||||||||
Increase | |||||||||||||||||||||
Balance | % | Balance | % | (Decrease) | |||||||||||||||||
Noninterest-bearing checking | $ | 535,101,000 | 23.5 | % | $ | 224,580,000 | 20.1 | % | 138.3 | % | |||||||||||
Interest-bearing checking | 403,600,000 | 17.8 | 197,388,000 | 17.6 | 104.5 | ||||||||||||||||
Money market | 241,365,000 | 10.6 | 133,369,000 | 11.9 | 81 | ||||||||||||||||
Savings | 334,343,000 | 14.7 | 52,606,000 | 4.7 | 535.6 | ||||||||||||||||
Time, under $100,000 | 188,174,000 | 8.3 | 43,251,000 | 3.9 | 335.1 | ||||||||||||||||
Time, $100,000 and over | 385,830,000 | 17 | 254,600,000 | 22.8 | 51.5 | ||||||||||||||||
2,088,413,000 | 91.9 | 905,794,000 | 81 | 130.6 | |||||||||||||||||
Out-of-area time, under $100,000 | 2,805,000 | 0.1 | 4,078,000 | 0.4 | (31.2 | ) | |||||||||||||||
Out-of-area time, $100,000 and over | 180,490,000 | 8 | 209,039,000 | 18.6 | (13.7 | ) | |||||||||||||||
183,295,000 | 8.1 | 213,117,000 | 19 | (14.0 | ) | ||||||||||||||||
Total deposits | $ | 2,271,708,000 | 100 | % | $ | 1,118,911,000 | 100 | % | 103 | % |
Note_7_Securities_Sold_Under_A1
Note 7 - Securities Sold Under Agreements to Repurchase (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Repurchase Agreements [Table Text Block] | ' | ||||||||
Nine Months | Twelve Months | ||||||||
Ended | Ended | ||||||||
September 30, 2014 | 31-Dec-13 | ||||||||
Outstanding balance at end of period | $ | 142,869,000 | $ | 69,305,000 | |||||
Average interest rate at end of period | 0.1 | % | 0.12 | % | |||||
Average daily balance during the period | $ | 93,855,000 | $ | 65,939,000 | |||||
Average interest rate during the period | 0.12 | % | 0.12 | % | |||||
Maximum daily balance during the period | $ | 148,700,000 | $ | 78,960,000 |
Note_8_Federal_Home_Loan_Bank_1
Note 8 - Federal Home Loan Bank Advances (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Disclosure Text Block [Abstract] | ' | ||||
Maturities of Currently Outstanding FHLB Advances [Table Text Block] | ' | ||||
2014 | $ | 3,000,000 | |||
2015 | 6,000,000 | ||||
2016 | 3,033,000 | ||||
2017 | 45,000,000 | ||||
2018 | 0 |
Note_9_Commitments_and_OffBala1
Note 9 - Commitments and Off-Balance Sheet Risk (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Summary of Contractual Amounts of Financial Instruments with Off-balance Sheet Risk [Table Text Block] | ' | ||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Commercial unused lines of credit | $ | 553,734,000 | $ | 257,937,000 | |||||
Unused lines of credit secured by 1 – 4 family residential properties | 59,991,000 | 23,429,000 | |||||||
Credit card unused lines of credit | 11,303,000 | 9,013,000 | |||||||
Other consumer unused lines of credit | 9,681,000 | 5,695,000 | |||||||
Commitments to make loans | 128,196,000 | 58,799,000 | |||||||
Standby letters of credit | 37,482,000 | 19,670,000 | |||||||
$ | 800,387,000 | $ | 374,543,000 |
Note_11_Fair_Values_of_Financi1
Note 11 - Fair Values of Financial Instruments (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | |||||||||||||||||
Level in | 30-Sep-14 | 31-Dec-13 | ||||||||||||||||
Fair Value | Carrying | Fair | Carrying | Fair | ||||||||||||||
Hierarchy | Values | Values | Values | Values | ||||||||||||||
Financial assets: | ||||||||||||||||||
Cash | Level 1 | $ | 14,296 | $ | 14,296 | $ | 1,464 | $ | 1,464 | |||||||||
Cash equivalents | Level 2 | 117,956 | 117,956 | 145,501 | 145,501 | |||||||||||||
Securities available for sale | -1 | 454,009 | 454,009 | 131,178 | 131,178 | |||||||||||||
FHLB stock | -2 | 19,226 | 19,226 | 11,961 | 11,961 | |||||||||||||
Loans, net | Level 3 | 2,047,891 | 2,042,291 | 1,030,422 | 1,027,300 | |||||||||||||
Bank owned life insurance | Level 2 | 55,992 | 55,992 | 51,377 | 51,377 | |||||||||||||
Accrued interest receivable | Level 2 | 8,292 | 8,292 | 3,649 | 3,649 | |||||||||||||
Financial liabilities: | ||||||||||||||||||
Deposits | Level 2 | 2,271,708 | 2,258,113 | 1,118,911 | 1,120,576 | |||||||||||||
Repurchase agreements | Level 2 | 142,869 | 142,869 | 69,305 | 69,305 | |||||||||||||
FHLB advances | Level 2 | 57,033 | 57,418 | 45,000 | 45,139 | |||||||||||||
Subordinated debentures | Level 2 | 54,301 | 54,301 | 32,990 | 32,974 | |||||||||||||
Accrued interest payable | Level 2 | 1,832 | 1,832 | 2,041 | 2,041 | |||||||||||||
Interest rate swap | -1 | 135 | 135 | 264 | 264 |
Note_12_Fair_Values_Tables
Note 12 - Fair Values (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Text Block [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 | $ | 204,477,000 | $ | 0 | $ | 204,477,000 | $ | 0 | |||||||||
Mortgage-backed securities | 100,258,000 | 0 | 100,258,000 | 0 | |||||||||||||
Municipal general obligation bonds | 136,250,000 | 0 | 125,889,000 | 10,361,000 | |||||||||||||
Municipal revenue bonds | 11,117,000 | 0 | 11,117,000 | 0 | |||||||||||||
Other investments | 1,907,000 | 0 | 1,907,000 | 0 | |||||||||||||
Interest rate swap | (135,000 | ) | 0 | (135,000 | ) | 0 | |||||||||||
Total | $ | 453,874,000 | $ | 0 | $ | 443,513,000 | $ | 10,361,000 | |||||||||
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 | |||||||||||||
Other investments | 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) | $ | 39,444,000 | $ | 0 | $ | 0 | $ | 39,444,000 | |||||||||
Foreclosed assets (1) | 2,659,000 | 0 | 0 | 2,659,000 | |||||||||||||
Total | $ | 42,103,000 | $ | 0 | $ | 0 | $ | 42,103,000 | |||||||||
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_13_Regulatory_Matters_Tab
Note 13 - Regulatory Matters (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 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 | ||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
Total capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | $ | 327,936 | 14 | % | $ | 186,848 | 8 | % | $ | NA | NA | ||||||||||||||
Bank | 325,909 | 14 | 186,608 | 8 | 233,259 | 10 | % | ||||||||||||||||||
Tier 1 capital (to risk weighted assets) | |||||||||||||||||||||||||
Consolidated | 307,562 | 13.2 | 93,424 | 4 | NA | NA | |||||||||||||||||||
Bank | 305,535 | 13.1 | 93,304 | 4 | 139,956 | 6 | |||||||||||||||||||
Tier 1 capital (to average assets) | |||||||||||||||||||||||||
Consolidated | 307,562 | 11 | 111,775 | 4 | NA | NA | |||||||||||||||||||
Bank | 305,535 | 10.9 | 111,764 | 4 | 139,704 | 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) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 |
Mortgage Loans [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Core Deposits [Member] | |||
Note 1 - Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | ' | ' | ' | 141,000 | 54,000 | 141,000 | 54,000 | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | ' | ' | 175,000 | 94,000 | 175,000 | 94,000 | ' | ' | ' |
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights | ' | ' | ' | ' | ' | ' | ' | 64,000 | 64,000 | ' |
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 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Disposal Group, Including Discontinued Operation, Mortgage Loans (in Dollars) | $2.10 | $1.10 | ' | ' | ' | ' | ' | ' | ' | ' |
Servicing Asset (in Dollars) | ' | ' | $592 | ' | ' | ' | ' | ' | ' | ' |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years |
Note_2_Business_Combination_De
Note 2 - Business Combination (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 0 Months Ended | 4 Months Ended | 3 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | 4 Months Ended | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Sep. 30, 2014 | Jun. 01, 2014 | Jun. 01, 2014 | Jun. 01, 2014 | Sep. 30, 2014 | Jun. 01, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Jun. 01, 2014 | Jun. 01, 2014 | Jun. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Jun. 01, 2014 | Jun. 01, 2014 | |
Restricted Stock [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Acquired Trusts [Member] | Acquired Trusts [Member] | Servicing Contracts [Member] | Servicing Contracts [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | ||||||
Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Firstbank Corporation [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Estimate of Fair Value Measurement [Member] | |||||||||||||
London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||||||||||||||||||
Minimum [Member] | Maximum [Member] | ||||||||||||||||||||||
Note 2 - Business Combination (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,451,483,000 | ' |
Business Combination, Branches Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46 | ' |
Business Acquisition, Conversion of Stock Per Share (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,087,272 | 8,087,272 | ' | ' | ' | ' | ' | ' |
Goodwill | 50,870,000 | ' | 50,870,000 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,870,000 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | 600,000 | ' | ' | ' |
Business Combination, Acquisition Related Costs | 1,250,000 | 719,000 | 5,081,000 | 779,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,300,000 | 700,000 | ' | 5,100,000 | ' | ' |
Business Combination, Acquired Receivables and Certain Loans, Estimated Uncollectible Cash Flows | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,400,000 | ' |
Business Combination, Acquired Receivables and Certain Loans, Pre-acquisition Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,800,000 | ' |
Business Combination, Acquired Receivables and Certain Loans, Estimated Uncollectible Interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,900,000 | ' |
Business Combination, Acquired Receivables, Gross Contractual Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 926,400,000 | ' |
Business Combination, Acquired Receivables, Unaccredted Discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,100,000 | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36,100,000 | 21,100,000 |
Business Combination, Debt Assumed, Number of Trusts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | ' | ' | ' | 1.27% | 1.99% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award Accelerated Compensation Cost | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 282,200 | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in Shares) | ' | ' | ' | ' | ' | ' | ' | 258,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in Shares) | ' | ' | ' | ' | ' | ' | 23,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 months | '18 months | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | 2,000,000 | 2,000,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,000,000 | ' | $2,000,000 | $2,000,000 | ' | ' |
Note_2_Business_Combination_De1
Note 2 - Business Combination (Details) - Purchase Price (Firstbank Corporation [Member], USD $) | 0 Months Ended | 1 Months Ended |
Jun. 01, 2014 | Jun. 30, 2014 | |
Firstbank Corporation [Member] | ' | ' |
Business Acquisition, Equity Interests Issued or Issuable [Line Items] | ' | ' |
Mercantile common shares issued for Firstbank common shares (in Shares) | 8,087,272 | 8,087,272 |
Price per share, based on Mercantile closing price on May 30, 2014 (in Dollars per share) | ' | $21.43 |
Value of common stock issued | ' | $173,310,000 |
Replacement stock options | ' | 1,664,000 |
Total purchase price | ' | $174,974,000 |
Note_2_Business_Combination_De2
Note 2 - Business Combination (Details) - Net Assets Acquired (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Jun. 01, 2014 | Jun. 01, 2014 | Jun. 01, 2014 |
Core Deposits [Member] | Servicing Contracts [Member] | Firstbank Corporation [Member] | |||
Firstbank Corporation [Member] | Firstbank Corporation [Member] | ||||
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | $91,806,000 |
Securities | ' | ' | ' | ' | 358,599,000 |
Total loans | ' | ' | ' | ' | 943,662,000 |
Premises and equipment | ' | ' | ' | ' | 24,049,000 |
Intangibles | ' | ' | 17,478,000 | 7,389,000 | ' |
Other assets | ' | ' | ' | ' | 8,500,000 |
Total Assets | ' | ' | ' | ' | 1,451,483,000 |
Liabilities | ' | ' | ' | ' | ' |
Deposits | ' | ' | ' | ' | 1,229,609,000 |
Borrowings | ' | ' | ' | ' | 87,615,000 |
Other liabilities | ' | ' | ' | ' | 10,155,000 |
Total Liabilities | ' | ' | ' | ' | 1,327,379,000 |
Net Identifiable Assets Acquired | ' | ' | ' | ' | 124,104,000 |
Goodwill | $50,870,000 | $0 | ' | ' | $50,870,000 |
Note_2_Business_Combination_De3
Note 2 - Business Combination (Details) - Pro Forma Information (Firstbank Corporation [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Firstbank Corporation [Member] | ' | ' | ' | ' |
Note 2 - Business Combination (Details) - Pro Forma Information [Line Items] | ' | ' | ' | ' |
Net interest income | $25,989,000 | $11,994,000 | $54,924,000 | $37,080,000 |
Noninterest expense | 24,572,000 | 14,284,000 | 47,338,000 | 32,944,000 |
Net income | $3,281,000 | $693,000 | $11,711,000 | $9,617,000 |
Net income per diluted share (in Dollars per share) | $0.19 | $0.04 | $0.69 | $0.57 |
Note_2_Business_Combination_De4
Note 2 - Business Combination (Details) - Acquired Loans Fair Value (Firstbank Corporation [Member], USD $) | Jun. 01, 2014 |
In Thousands, unless otherwise specified | |
Commercial Loans: | ' |
Loans | $943,662,000 |
Commercial and Industrial [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 878,000 |
Commercial and Industrial [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 163,316,000 |
Commercial and Industrial [Member] | ' |
Commercial Loans: | ' |
Loans | 164,194,000 |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 12,973,000 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 378,016,000 |
Commercial Real Estate Portfolio Segment [Member] | ' |
Commercial Loans: | ' |
Loans | 390,989,000 |
Commercial Real Estate Construction Financing Receivable [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 1,289,000 |
Commercial Real Estate Construction Financing Receivable [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 33,726,000 |
Commercial Real Estate Construction Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 35,015,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 15,140,000 |
Commercial Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 575,058,000 |
Commercial Portfolio Segment [Member] | ' |
Commercial Loans: | ' |
Loans | 590,198,000 |
Residential Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 9,694,000 |
Residential Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 216,653,000 |
Residential Portfolio Segment [Member] | ' |
Commercial Loans: | ' |
Loans | 226,347,000 |
Consumer Installment Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 167,000 |
Consumer Installment Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 61,657,000 |
Consumer Installment Portfolio Segment [Member] | ' |
Commercial Loans: | ' |
Loans | 61,824,000 |
Consumer Home Equity Line Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 288,000 |
Consumer Home Equity Line Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 52,054,000 |
Consumer Home Equity Line Portfolio Segment [Member] | ' |
Commercial Loans: | ' |
Loans | 52,342,000 |
Consumer Construction Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 76,000 |
Consumer Construction Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 12,875,000 |
Consumer Construction Portfolio Segment [Member] | ' |
Commercial Loans: | ' |
Loans | 12,951,000 |
Consumer Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 10,225,000 |
Consumer Portfolio Segment [Member] | Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 343,239,000 |
Consumer Portfolio Segment [Member] | ' |
Commercial Loans: | ' |
Loans | 353,464,000 |
Nonperforming Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | 25,365,000 |
Performing Financing Receivable [Member] | ' |
Commercial Loans: | ' |
Loans | $918,297,000 |
Note_2_Business_Combination_De5
Note 2 - Business Combination (Details) - Acquired Impaired and Non-impaired Loans (Firstbank Corporation [Member], USD $) | Jun. 01, 2014 |
Firstbank Corporation [Member] | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ' |
Contractual required payments | $44,936,000 |
Nonaccretable difference | 17,057,000 |
Expected cash flows | 27,879,000 |
Accretable yield | 2,514,000 |
Carrying balance | $25,365,000 |
Note_3_Securities_Details
Note 3 - Securities (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | ||
Debt Securities [Member] | Mutual Funds [Member] | Mutual Funds [Member] | State of Michigan and all its Political Subdivisions [Member] | State of Michigan and all its Political Subdivisions [Member] | US States and Political Subdivisions Debt Securities [Member] | Securities Other Than US Government Agencies and the State of Michigan and Political Subdivisions [Member] | US Government Agency Debt Obligations and Mortgage-Backed Securities [Member] | US Government Agency Debt Obligations and Mortgage-Backed Securities [Member] | |||||
Stockholders' Equity, Total [Member] | |||||||||||||
Securities Issued Concentration Risk [Member] | |||||||||||||
Note 3 - Securities (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | ' | ' | 452 | 1 | ' | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $258,938,000 | $88,446,000 | ' | ' | $1,355,000 | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 6,470,000 | 10,100,000 | ' | ' | 31,000 | ' | ' | ' | ' | ' | ' | ||
Available-for-sale Debt Securities, Amortized Cost Basis | 457,458,000 | ' | ' | ' | ' | 114,500,000 | 17,400,000 | 32,100,000 | ' | ' | ' | ||
Available-for-sale Securities | 454,009,000 | [1] | 131,178,000 | [1] | ' | ' | 1,355,000 | 115,200,000 | 17,800,000 | 32,200,000 | ' | ' | ' |
Concentration Risk, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ||
Available-for-sale Securities, Restricted | ' | ' | ' | ' | ' | ' | ' | ' | ' | $163,100,000 | $94,400,000 | ||
[1] | See Note 12 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. |
Note_3_Securities_Details_Avai
Note 3 - Securities (Details) - Available-for-sale Securities (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Securities available for sale, amortized cost | $457,458,000 | $139,487,000 | ||
Securities available for sale, gross unrealized gains | 3,021,000 | 1,791,000 | ||
Securities available for sale, gross unrealized losses | -6,470,000 | -10,100,000 | ||
Securities available for sale | 454,009,000 | [1] | 131,178,000 | [1] |
US Government Agencies Debt Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Securities available for sale, amortized cost | 209,371,000 | 108,279,000 | ||
Securities available for sale, gross unrealized gains | 823,000 | 263,000 | ||
Securities available for sale, gross unrealized losses | -5,717,000 | -10,065,000 | ||
Securities available for sale | 204,477,000 | 98,477,000 | ||
Collateralized Mortgage Backed Securities [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Securities available for sale, amortized cost | 99,574,000 | 12,456,000 | ||
Securities available for sale, gross unrealized gains | 1,083,000 | 1,102,000 | ||
Securities available for sale, gross unrealized losses | -399,000 | 0 | ||
Securities available for sale | 100,258,000 | 13,558,000 | ||
Municipal General Obligation Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Securities available for sale, amortized cost | 135,575,000 | 16,488,000 | ||
Securities available for sale, gross unrealized gains | 1,003,000 | 388,000 | ||
Securities available for sale, gross unrealized losses | -328,000 | -4,000 | ||
Securities available for sale | 136,250,000 | 16,872,000 | ||
Municipal Revenue Bonds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Securities available for sale, amortized cost | 11,022,000 | 878,000 | ||
Securities available for sale, gross unrealized gains | 112,000 | 38,000 | ||
Securities available for sale, gross unrealized losses | -17,000 | 0 | ||
Securities available for sale | 11,117,000 | 916,000 | ||
Other Debt Obligations [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Securities available for sale, amortized cost | 1,916,000 | ' | ||
Securities available for sale, gross unrealized gains | 0 | ' | ||
Securities available for sale, gross unrealized losses | -9,000 | ' | ||
Securities available for sale | 1,907,000 | ' | ||
Mutual Funds [Member] | ' | ' | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ||
Securities available for sale, amortized cost | ' | 1,386,000 | ||
Securities available for sale, gross unrealized gains | ' | 0 | ||
Securities available for sale, gross unrealized losses | ' | -31,000 | ||
Securities available for sale | ' | $1,355,000 | ||
[1] | See Note 12 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. |
Note_3_Securities_Details_Secu
Note 3 - Securities (Details) - Securities in a Continuous Loss Position (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Note 3 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ' | ' |
Securities available for sale, continuous unrealized loss position, less than 12 months | $185,866,000 | $58,767,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | -1,180,000 | -5,833,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 73,072,000 | 29,679,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | -5,290,000 | -4,267,000 |
Securities available for sale, continuous unrealized loss position | 258,938,000 | 88,446,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | -6,470,000 | -10,100,000 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 3 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ' | ' |
Securities available for sale, continuous unrealized loss position, less than 12 months | 83,379,000 | 57,117,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | -436,000 | -5,798,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 71,673,000 | 29,679,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | -5,281,000 | -4,267,000 |
Securities available for sale, continuous unrealized loss position | 155,052,000 | 86,796,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | -5,717,000 | -10,065,000 |
Collateralized Mortgage Backed Securities [Member] | ' | ' |
Note 3 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ' | ' |
Securities available for sale, continuous unrealized loss position, less than 12 months | 72,205,000 | 0 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | -399,000 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 0 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 0 | 0 |
Securities available for sale, continuous unrealized loss position | 72,205,000 | 0 |
Securities available for sale, continuous unrealized loss position, unrealized loss | -399,000 | 0 |
Municipal General Obligation Bonds [Member] | ' | ' |
Note 3 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ' | ' |
Securities available for sale, continuous unrealized loss position, less than 12 months | 24,844,000 | 295,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | -328,000 | -4,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 0 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 0 | 0 |
Securities available for sale, continuous unrealized loss position | 24,844,000 | 295,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | -328,000 | -4,000 |
Municipal Revenue Bonds [Member] | ' | ' |
Note 3 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ' | ' |
Securities available for sale, continuous unrealized loss position, less than 12 months | 5,438,000 | 0 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | -17,000 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 0 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 0 | 0 |
Securities available for sale, continuous unrealized loss position | 5,438,000 | 0 |
Securities available for sale, continuous unrealized loss position, unrealized loss | -17,000 | 0 |
Other Debt Obligations [Member] | ' | ' |
Note 3 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ' | ' |
Securities available for sale, continuous unrealized loss position, less than 12 months | 0 | ' |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 0 | ' |
Securities available for sale, continuous unrealized loss position, 12 months or more | 1,399,000 | ' |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | -9,000 | ' |
Securities available for sale, continuous unrealized loss position | 1,399,000 | ' |
Securities available for sale, continuous unrealized loss position, unrealized loss | -9,000 | ' |
Mutual Funds [Member] | ' | ' |
Note 3 - Securities (Details) - Securities in a Continuous Loss Position [Line Items] | ' | ' |
Securities available for sale, continuous unrealized loss position, less than 12 months | ' | 1,355,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | ' | -31,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | ' | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | ' | 0 |
Securities available for sale, continuous unrealized loss position | ' | 1,355,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | ' | ($31,000) |
Note_3_Securities_Details_Debt
Note 3 - Securities (Details) - Debt Securities by Maturity (USD $) | Sep. 30, 2014 |
Note 3 - Securities (Details) - Debt Securities by Maturity [Line Items] | ' |
Due in 2014 | 1.01% |
Due in 2014 | $11,072,000 |
Due in 2014 | 11,082,000 |
Due in 2015 through 2019 | 1.26% |
Due in 2015 through 2019 | 182,997,000 |
Due in 2015 through 2019 | 182,029,000 |
Due in 2020 through 2024 | 3.01% |
Due in 2020 through 2024 | 71,801,000 |
Due in 2020 through 2024 | 71,698,000 |
Due in 2025 and beyond | 3.63% |
Due in 2025 and beyond | 90,098,000 |
Due in 2025 and beyond | 87,035,000 |
2.08% | |
457,458,000 | |
454,009,000 | |
Collateralized Mortgage Backed Securities [Member] | ' |
Note 3 - Securities (Details) - Debt Securities by Maturity [Line Items] | ' |
No single maturity, weighted average yield | 1.61% |
No single maturity, amortized cost | 99,574,000 |
No single maturity, fair value | 100,258,000 |
Other Debt Obligations [Member] | ' |
Note 3 - Securities (Details) - Debt Securities by Maturity [Line Items] | ' |
No single maturity, weighted average yield | 1.55% |
No single maturity, amortized cost | 1,916,000 |
No single maturity, fair value | $1,907,000 |
Note_4_Loans_and_Allowance_for2
Note 4 - Loans and Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Receivables [Abstract] | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | $2,068,265,000 | ' | $2,068,265,000 | ' | $1,053,243,000 |
Loans and Leases Receivable Period Increase (Decrease) | ' | ' | 1,020,000,000 | ' | ' |
Loans and Leases Receivable, Percentage, Period Increase (Decrease) | ' | ' | 96.40% | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 34,400,000 | ' | 34,400,000 | ' | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 23,700,000 | ' | 23,700,000 | ' | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | $600,000 | $700,000 | $1,300,000 | $2,200,000 | ' |
Minimum Number of Days Past Due at Period End for Loans Modified as Troubled Debt Restructurings | '30 days | '30 days | '30 days | '30 days | ' |
Note_4_Loans_and_Allowance_for3
Note 4 - Loans and Allowance for Loan Losses (Details) - Components of Loan Portfolio (USD $) | 9 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | $2,068,265,000 | $1,053,243,000 | ' |
Loans, percentage of portfolio | 100.00% | 100.00% | ' |
Loans, percentage of change in loans | 96.40% | ' | ' |
Originated Loan [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 362,329,000 | 286,373,000 | ' |
Loans, percentage of portfolio | 30.50% | 27.20% | ' |
Loans, percentage of change in loans | 26.50% | ' | ' |
Originated Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 30,246,000 | 36,741,000 | ' |
Loans, percentage of portfolio | 2.50% | 3.50% | ' |
Loans, percentage of change in loans | -17.70% | ' | ' |
Originated Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 267,072,000 | 261,877,000 | ' |
Loans, percentage of portfolio | 22.50% | 24.90% | ' |
Loans, percentage of change in loans | 2.00% | ' | ' |
Originated Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 401,762,000 | 364,066,000 | ' |
Loans, percentage of portfolio | 33.90% | 34.60% | ' |
Loans, percentage of change in loans | 10.40% | ' | ' |
Originated Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 42,393,000 | 37,639,000 | ' |
Loans, percentage of portfolio | 3.60% | 3.50% | ' |
Loans, percentage of change in loans | 12.60% | ' | ' |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 1,103,802,000 | 986,696,000 | 1,007,763,000 |
Loans, percentage of portfolio | 93.00% | 93.70% | ' |
Loans, percentage of change in loans | 11.90% | ' | ' |
Originated Loan [Member] | Retail Home Equity and Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 44,917,000 | 35,080,000 | ' |
Loans, percentage of portfolio | 3.80% | 3.30% | ' |
Loans, percentage of change in loans | 28.00% | ' | ' |
Originated Loan [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 37,994,000 | 31,467,000 | ' |
Loans, percentage of portfolio | 3.20% | 3.00% | ' |
Loans, percentage of change in loans | 20.70% | ' | ' |
Originated Loan [Member] | Retail Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 82,911,000 | 66,547,000 | 67,724,000 |
Loans, percentage of portfolio | 7.00% | 6.30% | ' |
Loans, percentage of change in loans | 24.60% | ' | ' |
Originated Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 1,186,713,000 | 1,053,243,000 | 1,075,487,000 |
Loans, percentage of portfolio | 100.00% | 100.00% | ' |
Loans, percentage of change in loans | 12.70% | ' | ' |
Acquired Loan [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 179,476,000 | 0 | ' |
Loans, percentage of portfolio | 20.40% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 21,972,000 | 0 | ' |
Loans, percentage of portfolio | 2.50% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 145,398,000 | 0 | ' |
Loans, percentage of portfolio | 16.50% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 182,660,000 | 0 | ' |
Loans, percentage of portfolio | 20.70% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 53,256,000 | 0 | ' |
Loans, percentage of portfolio | 6.00% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 582,762,000 | 0 | ' |
Loans, percentage of portfolio | 66.10% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | Retail Home Equity and Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 119,033,000 | 0 | ' |
Loans, percentage of portfolio | 13.50% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 179,757,000 | 0 | ' |
Loans, percentage of portfolio | 20.40% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | Retail Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 298,790,000 | 0 | ' |
Loans, percentage of portfolio | 33.90% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Acquired Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 881,552,000 | 0 | ' |
Loans, percentage of portfolio | 100.00% | ' | ' |
Loans, percentage of change in loans | ' | ' | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 541,805,000 | 286,373,000 | ' |
Loans, percentage of portfolio | 26.20% | 27.20% | ' |
Loans, percentage of change in loans | 89.20% | ' | ' |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 52,218,000 | 36,741,000 | ' |
Loans, percentage of portfolio | 2.50% | 3.50% | ' |
Loans, percentage of change in loans | 42.10% | ' | ' |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 412,470,000 | 261,877,000 | ' |
Loans, percentage of portfolio | 19.90% | 24.90% | ' |
Loans, percentage of change in loans | 57.50% | ' | ' |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 584,422,000 | 364,066,000 | ' |
Loans, percentage of portfolio | 28.30% | 34.60% | ' |
Loans, percentage of change in loans | 60.50% | ' | ' |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 95,649,000 | 37,639,000 | ' |
Loans, percentage of portfolio | 4.60% | 3.50% | ' |
Loans, percentage of change in loans | 154.10% | ' | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 1,686,564,000 | 986,696,000 | ' |
Loans, percentage of portfolio | 81.50% | 93.70% | ' |
Loans, percentage of change in loans | 70.90% | ' | ' |
Retail Home Equity and Other [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 163,950,000 | 35,080,000 | ' |
Loans, percentage of portfolio | 7.90% | 3.30% | ' |
Loans, percentage of change in loans | 367.40% | ' | ' |
Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | 217,751,000 | 31,467,000 | ' |
Loans, percentage of portfolio | 10.60% | 3.00% | ' |
Loans, percentage of change in loans | 592.00% | ' | ' |
Retail Loan [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Loans (in Dollars) | $381,701,000 | $66,547,000 | ' |
Loans, percentage of portfolio | 18.50% | 6.30% | ' |
Loans, percentage of change in loans | 473.60% | ' | ' |
Note_4_Loans_and_Allowance_for4
Note 4 - Loans and Allowance for Loan Losses (Details) - Acquired Impaired Loans Accretable Yield (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | |
Acquired Impaired Loans Accretable Yield [Abstract] | ' | ' | ' | ' |
Balance | $2,078,000 | $2,078,000 | $2,411,000 | $0 |
Additions | 0 | 2,514,000 | ' | ' |
Accretion | -285,000 | -388,000 | ' | ' |
Net reclassification from nonaccretable to accretable | 0 | 0 | ' | ' |
Disposals | ($48,000) | ($48,000) | ' | ' |
Note_4_Loans_and_Allowance_for5
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Originated Loan [Member] | Commercial and Industrial [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | $0 | $0 |
Originated Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail Home Equity and Other [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Nonaccrual loans | 4,856,000 | 6,718,000 |
Nonperforming loans | 4,856,000 | 6,718,000 |
Commercial: | ' | ' |
Nonperforming loans | 4,856,000 | 6,718,000 |
Originated Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial and Industrial [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | ' |
Acquired Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | ' |
Acquired Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | ' |
Acquired Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | ' |
Acquired Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | ' |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 0 | ' |
Acquired Loan [Member] | Retail Home Equity and Other [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 3,000 | ' |
Acquired Loan [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 238,000 | ' |
Acquired Loan [Member] | Retail Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 241,000 | ' |
Acquired Loan [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 81,000 | ' |
Nonaccrual loans | 1,134,000 | ' |
Nonperforming loans | 1,215,000 | ' |
Commercial: | ' | ' |
Nonperforming loans | 1,215,000 | ' |
Acquired Loan [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Loans past due 90 days or more still accruing interest | 241,000 | ' |
Commercial and Industrial [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 350,000 | 1,501,000 |
Commercial: | ' | ' |
Nonperforming loans | 350,000 | 1,501,000 |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 222,000 | 785,000 |
Commercial: | ' | ' |
Nonperforming loans | 222,000 | 785,000 |
Commercial Real Estate Owner Occupied Loan [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 733,000 | 389,000 |
Commercial: | ' | ' |
Nonperforming loans | 733,000 | 389,000 |
Commercial Real Estate Non Owner Occupied Loan [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 329,000 | 168,000 |
Commercial: | ' | ' |
Nonperforming loans | 329,000 | 168,000 |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 331,000 | 208,000 |
Commercial: | ' | ' |
Nonperforming loans | 331,000 | 208,000 |
Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 1,965,000 | 3,051,000 |
Commercial: | ' | ' |
Nonperforming loans | 1,965,000 | 3,051,000 |
Retail Home Equity and Other [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 914,000 | 788,000 |
Commercial: | ' | ' |
Nonperforming loans | 914,000 | 788,000 |
Retail 1-4 Family Mortgages [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 3,192,000 | 2,879,000 |
Commercial: | ' | ' |
Nonperforming loans | 3,192,000 | 2,879,000 |
Retail Loan [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 4,106,000 | 3,667,000 |
Commercial: | ' | ' |
Nonperforming loans | 4,106,000 | 3,667,000 |
Nonperforming Financing Receivable [Member] | ' | ' |
Note 4 - Loans and Allowance for Loan Losses (Details) - Nonperforming Loans [Line Items] | ' | ' |
Nonperforming loans | 6,071,000 | 6,718,000 |
Commercial: | ' | ' |
Nonperforming loans | $6,071,000 | $6,718,000 |
Note_4_Loans_and_Allowance_for6
Note 4 - Loans and Allowance for Loan Losses (Details) - Age Analysis of Past Due Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Commercial: | ' | ' | ' |
Loans- Total | $2,068,265,000 | $1,053,243,000 | ' |
Originated Loan [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 0 | 0 | ' |
Loans- 60 to 89 days past due | 0 | 0 | ' |
Loans- Greater than 89 days past due | 0 | 309,000 | ' |
Loans- Total past due | 0 | 309,000 | ' |
Loans- Current | 362,329,000 | 286,064,000 | ' |
Loans- Total | 362,329,000 | 286,373,000 | ' |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 0 | 0 | ' |
Loans- 60 to 89 days past due | 0 | 0 | ' |
Loans- Greater than 89 days past due | 0 | 0 | ' |
Loans- Total past due | 0 | 0 | ' |
Loans- Current | 30,246,000 | 36,741,000 | ' |
Loans- Total | 30,246,000 | 36,741,000 | ' |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 0 | 65,000 | ' |
Loans- 60 to 89 days past due | 0 | 0 | ' |
Loans- Greater than 89 days past due | 217,000 | 50,000 | ' |
Loans- Total past due | 217,000 | 115,000 | ' |
Loans- Current | 266,855,000 | 261,762,000 | ' |
Loans- Total | 267,072,000 | 261,877,000 | ' |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 201,000 | 0 | ' |
Loans- 60 to 89 days past due | 0 | 0 | ' |
Loans- Greater than 89 days past due | 0 | 0 | ' |
Loans- Total past due | 201,000 | 0 | ' |
Loans- Current | 401,561,000 | 364,066,000 | ' |
Loans- Total | 401,762,000 | 364,066,000 | ' |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 0 | 0 | ' |
Loans- 60 to 89 days past due | 0 | 0 | ' |
Loans- Greater than 89 days past due | 0 | 64,000 | ' |
Loans- Total past due | 0 | 64,000 | ' |
Loans- Current | 42,393,000 | 37,575,000 | ' |
Loans- Total | 42,393,000 | 37,639,000 | ' |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 201,000 | 65,000 | ' |
Loans- 60 to 89 days past due | 0 | 0 | ' |
Loans- Greater than 89 days past due | 217,000 | 423,000 | ' |
Loans- Total past due | 418,000 | 488,000 | ' |
Loans- Current | 1,103,384,000 | 986,208,000 | ' |
Loans- Total | 1,103,802,000 | 986,696,000 | 1,007,763,000 |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | Retail Home Equity and Other [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 67,000 | 14,000 | ' |
Loans- 60 to 89 days past due | 0 | 0 | ' |
Loans- Greater than 89 days past due | 0 | 0 | ' |
Loans- Total past due | 67,000 | 14,000 | ' |
Loans- Current | 44,850,000 | 35,066,000 | ' |
Loans- Total | 44,917,000 | 35,080,000 | ' |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 33,000 | 21,000 | ' |
Loans- 60 to 89 days past due | 0 | 44,000 | ' |
Loans- Greater than 89 days past due | 344,000 | 375,000 | ' |
Loans- Total past due | 377,000 | 440,000 | ' |
Loans- Current | 37,617,000 | 31,027,000 | ' |
Loans- Total | 37,994,000 | 31,467,000 | ' |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | Retail Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 100,000 | 35,000 | ' |
Loans- 60 to 89 days past due | 0 | 44,000 | ' |
Loans- Greater than 89 days past due | 344,000 | 375,000 | ' |
Loans- Total past due | 444,000 | 454,000 | ' |
Loans- Current | 82,467,000 | 66,093,000 | ' |
Loans- Total | 82,911,000 | 66,547,000 | 67,724,000 |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Originated Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 301,000 | 100,000 | ' |
Loans- 60 to 89 days past due | 0 | 44,000 | ' |
Loans- Greater than 89 days past due | 561,000 | 798,000 | ' |
Loans- Total past due | 862,000 | 942,000 | ' |
Loans- Current | 1,185,851,000 | 1,052,301,000 | ' |
Loans- Total | 1,186,713,000 | 1,053,243,000 | 1,075,487,000 |
Loans- Recorded Balance >89days and accruing | 0 | 0 | ' |
Acquired Loan [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 66,000 | ' | ' |
Loans- 60 to 89 days past due | 11,000 | ' | ' |
Loans- Greater than 89 days past due | 23,000 | ' | ' |
Loans- Total past due | 100,000 | ' | ' |
Loans- Current | 179,376,000 | ' | ' |
Loans- Total | 179,476,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 0 | ' | ' |
Acquired Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 0 | ' | ' |
Loans- 60 to 89 days past due | 0 | ' | ' |
Loans- Greater than 89 days past due | 0 | ' | ' |
Loans- Total past due | 0 | ' | ' |
Loans- Current | 21,972,000 | ' | ' |
Loans- Total | 21,972,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 0 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 112,000 | ' | ' |
Loans- 60 to 89 days past due | 0 | ' | ' |
Loans- Greater than 89 days past due | 1,914,000 | ' | ' |
Loans- Total past due | 2,026,000 | ' | ' |
Loans- Current | 143,372,000 | ' | ' |
Loans- Total | 145,398,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 0 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 0 | ' | ' |
Loans- 60 to 89 days past due | 0 | ' | ' |
Loans- Greater than 89 days past due | 2,732,000 | ' | ' |
Loans- Total past due | 2,732,000 | ' | ' |
Loans- Current | 179,928,000 | ' | ' |
Loans- Total | 182,660,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 0 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 0 | ' | ' |
Loans- 60 to 89 days past due | 0 | ' | ' |
Loans- Greater than 89 days past due | 81,000 | ' | ' |
Loans- Total past due | 81,000 | ' | ' |
Loans- Current | 53,175,000 | ' | ' |
Loans- Total | 53,256,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 0 | ' | ' |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 178,000 | ' | ' |
Loans- 60 to 89 days past due | 11,000 | ' | ' |
Loans- Greater than 89 days past due | 4,750,000 | ' | ' |
Loans- Total past due | 4,939,000 | ' | ' |
Loans- Current | 577,823,000 | ' | ' |
Loans- Total | 582,762,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 0 | ' | ' |
Acquired Loan [Member] | Retail Home Equity and Other [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 405,000 | ' | ' |
Loans- 60 to 89 days past due | 122,000 | ' | ' |
Loans- Greater than 89 days past due | 103,000 | ' | ' |
Loans- Total past due | 630,000 | ' | ' |
Loans- Current | 118,403,000 | ' | ' |
Loans- Total | 119,033,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 3,000 | ' | ' |
Acquired Loan [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 1,684,000 | ' | ' |
Loans- 60 to 89 days past due | 504,000 | ' | ' |
Loans- Greater than 89 days past due | 844,000 | ' | ' |
Loans- Total past due | 3,032,000 | ' | ' |
Loans- Current | 176,725,000 | ' | ' |
Loans- Total | 179,757,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 238,000 | ' | ' |
Acquired Loan [Member] | Retail Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 2,089,000 | ' | ' |
Loans- 60 to 89 days past due | 626,000 | ' | ' |
Loans- Greater than 89 days past due | 947,000 | ' | ' |
Loans- Total past due | 3,662,000 | ' | ' |
Loans- Current | 295,128,000 | ' | ' |
Loans- Total | 298,790,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 241,000 | ' | ' |
Acquired Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- 30 to 59 days past due | 2,267,000 | ' | ' |
Loans- 60 to 89 days past due | 637,000 | ' | ' |
Loans- Greater than 89 days past due | 5,697,000 | ' | ' |
Loans- Total past due | 8,601,000 | ' | ' |
Loans- Current | 872,951,000 | ' | ' |
Loans- Total | 881,552,000 | 0 | ' |
Loans- Recorded Balance >89days and accruing | 241,000 | ' | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | 541,805,000 | 286,373,000 | ' |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | 52,218,000 | 36,741,000 | ' |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | 412,470,000 | 261,877,000 | ' |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | 584,422,000 | 364,066,000 | ' |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | 95,649,000 | 37,639,000 | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | 1,686,564,000 | 986,696,000 | ' |
Retail Home Equity and Other [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | 163,950,000 | 35,080,000 | ' |
Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | 217,751,000 | 31,467,000 | ' |
Retail Loan [Member] | ' | ' | ' |
Commercial: | ' | ' | ' |
Loans- Total | $381,701,000 | $66,547,000 | ' |
Note_4_Loans_and_Allowance_for7
Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loans (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | $23,678,000 | ' | $23,678,000 | ' | $6,689,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 21,048,000 | ' | 21,048,000 | ' | 3,500,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 11,800,000 | 9,199,000 | 7,838,000 | 10,270,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 31,627,000 | ' | 31,627,000 | ' | 34,367,000 |
Impaired loans with an allowance recorded, recorded principal balance | 31,168,000 | ' | 31,168,000 | ' | 33,368,000 |
Impaired loans, related allowance | 11,364,000 | ' | 11,364,000 | ' | 12,386,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 29,611,000 | 42,777,000 | 30,432,000 | 42,963,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, unpaid contractual principal balance | 55,305,000 | ' | 55,305,000 | ' | 41,056,000 |
Impaired loans, recorded principal balance | 52,216,000 | ' | 52,216,000 | ' | 36,868,000 |
Impaired loans, related allowance | 11,364,000 | ' | 11,364,000 | ' | 12,386,000 |
Impaired loans, average recorded principal balance | 41,411,000 | 51,976,000 | 38,270,000 | 53,233,000 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 1,250,000 | ' | 1,250,000 | ' | 2,229,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 1,250,000 | ' | 1,250,000 | ' | 511,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 691,000 | 1,170,000 | 525,000 | 1,378,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 5,404,000 | ' | 5,404,000 | ' | 1,517,000 |
Impaired loans with an allowance recorded, recorded principal balance | 5,363,000 | ' | 5,363,000 | ' | 1,440,000 |
Impaired loans, related allowance | 2,251,000 | ' | 2,251,000 | ' | 792,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 3,087,000 | 1,764,000 | 2,142,000 | 1,990,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, related allowance | 2,251,000 | ' | 2,251,000 | ' | 792,000 |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 545,000 | ' | 545,000 | ' | 475,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 222,000 | ' | 222,000 | ' | 362,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 111,000 | 907,000 | 232,000 | 1,148,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 2,798,000 | ' | 2,798,000 | ' | 4,436,000 |
Impaired loans with an allowance recorded, recorded principal balance | 2,798,000 | ' | 2,798,000 | ' | 4,139,000 |
Impaired loans, related allowance | 318,000 | ' | 318,000 | ' | 844,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 3,049,000 | 4,466,000 | 3,536,000 | 3,158,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, related allowance | 318,000 | ' | 318,000 | ' | 844,000 |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 19,499,000 | ' | 19,499,000 | ' | 1,270,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 17,815,000 | ' | 17,815,000 | ' | 785,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 9,227,000 | 865,000 | 4,981,000 | 1,159,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 2,218,000 | ' | 2,218,000 | ' | 1,513,000 |
Impaired loans with an allowance recorded, recorded principal balance | 2,016,000 | ' | 2,016,000 | ' | 1,513,000 |
Impaired loans, related allowance | 628,000 | ' | 628,000 | ' | 528,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 2,238,000 | 2,330,000 | 1,869,000 | 2,810,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, related allowance | 628,000 | ' | 628,000 | ' | 528,000 |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 575,000 | ' | 575,000 | ' | 895,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 575,000 | ' | 575,000 | ' | 733,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 576,000 | 4,651,000 | 911,000 | 4,878,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 17,023,000 | ' | 17,023,000 | ' | 21,088,000 |
Impaired loans with an allowance recorded, recorded principal balance | 17,023,000 | ' | 17,023,000 | ' | 21,072,000 |
Impaired loans, related allowance | 6,489,000 | ' | 6,489,000 | ' | 7,969,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 17,377,000 | 28,789,000 | 18,819,000 | 30,216,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, related allowance | 6,489,000 | ' | 6,489,000 | ' | 7,969,000 |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 0 | ' | 0 | ' | 41,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 0 | ' | 0 | ' | 1,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 0 | 425,000 | 0 | 487,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 1,861,000 | ' | 1,861,000 | ' | 3,219,000 |
Impaired loans with an allowance recorded, recorded principal balance | 1,808,000 | ' | 1,808,000 | ' | 2,684,000 |
Impaired loans, related allowance | 799,000 | ' | 799,000 | ' | 1,127,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 1,679,000 | 2,639,000 | 1,783,000 | 2,973,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, related allowance | 799,000 | ' | 799,000 | ' | 1,127,000 |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 21,869,000 | ' | 21,869,000 | ' | 4,910,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 19,862,000 | ' | 19,862,000 | ' | 2,392,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 10,605,000 | 8,018,000 | 6,649,000 | 9,050,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 29,304,000 | ' | 29,304,000 | ' | 31,773,000 |
Impaired loans with an allowance recorded, recorded principal balance | 29,008,000 | ' | 29,008,000 | ' | 30,848,000 |
Impaired loans, related allowance | 10,485,000 | ' | 10,485,000 | ' | 11,260,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 27,430,000 | 39,988,000 | 28,149,000 | 41,147,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, unpaid contractual principal balance | 51,173,000 | ' | 51,173,000 | ' | 36,683,000 |
Impaired loans, recorded principal balance | 48,870,000 | ' | 48,870,000 | ' | 33,240,000 |
Impaired loans, related allowance | 10,485,000 | ' | 10,485,000 | ' | 11,260,000 |
Impaired loans, average recorded principal balance | 38,035,000 | 48,006,000 | 34,798,000 | 50,197,000 | ' |
Retail Home Equity and Other [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 707,000 | ' | 707,000 | ' | 507,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 639,000 | ' | 639,000 | ' | 461,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 642,000 | 466,000 | 598,000 | 474,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 117,000 | ' | 117,000 | ' | 320,000 |
Impaired loans with an allowance recorded, recorded principal balance | 87,000 | ' | 87,000 | ' | 289,000 |
Impaired loans, related allowance | 87,000 | ' | 87,000 | ' | 96,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 88,000 | 309,000 | 139,000 | 339,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, related allowance | 87,000 | ' | 87,000 | ' | 96,000 |
Retail 1-4 Family Mortgages [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 1,102,000 | ' | 1,102,000 | ' | 1,272,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 547,000 | ' | 547,000 | ' | 647,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 553,000 | 715,000 | 591,000 | 746,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 2,206,000 | ' | 2,206,000 | ' | 2,274,000 |
Impaired loans with an allowance recorded, recorded principal balance | 2,073,000 | ' | 2,073,000 | ' | 2,231,000 |
Impaired loans, related allowance | 792,000 | ' | 792,000 | ' | 1,030,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 2,093,000 | 2,480,000 | 2,144,000 | 1,477,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, related allowance | 792,000 | ' | 792,000 | ' | 1,030,000 |
Retail Loan [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with no related allowance recorded, unpaid contractual principal balance | 1,809,000 | ' | 1,809,000 | ' | 1,779,000 |
Impaired loans with no related allowance recorded, recorded principal balance | 1,186,000 | ' | 1,186,000 | ' | 1,108,000 |
Impaired loans with no related allowance recorded, average recorded principal balance | 1,195,000 | 1,181,000 | 1,189,000 | 1,220,000 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired loans with an allowance recorded, unpaid contractual principal balance | 2,323,000 | ' | 2,323,000 | ' | 2,594,000 |
Impaired loans with an allowance recorded, recorded principal balance | 2,160,000 | ' | 2,160,000 | ' | 2,520,000 |
Impaired loans, related allowance | 879,000 | ' | 879,000 | ' | 1,126,000 |
Impaired loans with an allowance recorded, average recorded principal balance | 2,181,000 | 2,789,000 | 2,283,000 | 1,816,000 | ' |
Total impaired loans: | ' | ' | ' | ' | ' |
Impaired loans, unpaid contractual principal balance | 4,132,000 | ' | 4,132,000 | ' | 4,373,000 |
Impaired loans, recorded principal balance | 3,346,000 | ' | 3,346,000 | ' | 3,628,000 |
Impaired loans, related allowance | 879,000 | ' | 879,000 | ' | 1,126,000 |
Impaired loans, average recorded principal balance | $3,376,000 | $3,970,000 | $3,472,000 | $3,036,000 | ' |
Note_4_Loans_and_Allowance_for8
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans by Credit Quality Indicators (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | $2,068,265,000 | $1,053,243,000 | ' |
Originated Loan [Member] | Commercial and Industrial [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 248,213,000 | 208,151,000 | ' |
Originated Loan [Member] | Commercial and Industrial [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 107,038,000 | 76,237,000 | ' |
Originated Loan [Member] | Commercial and Industrial [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 7,078,000 | 1,985,000 | ' |
Originated Loan [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 362,329,000 | 286,373,000 | ' |
Originated Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 7,451,000 | 6,973,000 | ' |
Originated Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 19,774,000 | 25,535,000 | ' |
Originated Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 3,021,000 | 4,233,000 | ' |
Originated Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 30,246,000 | 36,741,000 | ' |
Originated Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 169,127,000 | 156,230,000 | ' |
Originated Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 78,049,000 | 103,066,000 | ' |
Originated Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 19,896,000 | 2,581,000 | ' |
Originated Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 267,072,000 | 261,877,000 | ' |
Originated Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 270,074,000 | 219,325,000 | ' |
Originated Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 118,498,000 | 122,717,000 | ' |
Originated Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 13,190,000 | 22,024,000 | ' |
Originated Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 401,762,000 | 364,066,000 | ' |
Originated Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 17,812,000 | 15,465,000 | ' |
Originated Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 22,758,000 | 19,469,000 | ' |
Originated Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 1,823,000 | 2,705,000 | ' |
Originated Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 42,393,000 | 37,639,000 | ' |
Originated Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 1,186,713,000 | 1,053,243,000 | 1,075,487,000 |
Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 72,928,000 | ' | ' |
Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 102,862,000 | ' | ' |
Acquired Loan [Member] | Commercial and Industrial [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 3,686,000 | ' | ' |
Acquired Loan [Member] | Commercial and Industrial [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 179,476,000 | 0 | ' |
Acquired Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 4,931,000 | ' | ' |
Acquired Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 15,711,000 | ' | ' |
Acquired Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 1,330,000 | ' | ' |
Acquired Loan [Member] | Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 21,972,000 | 0 | ' |
Acquired Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 35,824,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 100,845,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 8,729,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 145,398,000 | 0 | ' |
Acquired Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 69,611,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 105,564,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 7,485,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 182,660,000 | 0 | ' |
Acquired Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Grade 1 - 4 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 24,144,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Grade 5 - 7 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 28,654,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Grade 8 - 9 [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 458,000 | ' | ' |
Acquired Loan [Member] | Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 53,256,000 | 0 | ' |
Acquired Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 881,552,000 | 0 | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 541,805,000 | 286,373,000 | ' |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 52,218,000 | 36,741,000 | ' |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 412,470,000 | 261,877,000 | ' |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | 584,422,000 | 364,066,000 | ' |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' |
Internal credit risk grade groupings: | ' | ' | ' |
Loans | $95,649,000 | $37,639,000 | ' |
Note_4_Loans_and_Allowance_for9
Note 4 - Loans and Allowance for Loan Losses (Details) - Retail Credit Risk by Collateral Type (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | $2,068,265,000 | $1,053,243,000 | ' |
Originated Loan [Member] | Retail Home Equity and Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 44,917,000 | 35,080,000 | ' |
Originated Loan [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 37,994,000 | 31,467,000 | ' |
Originated Loan [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,186,713,000 | 1,053,243,000 | 1,075,487,000 |
Acquired Loan [Member] | Retail Home Equity and Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 119,033,000 | 0 | ' |
Acquired Loan [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 179,757,000 | 0 | ' |
Acquired Loan [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 881,552,000 | 0 | ' |
Retail Home Equity and Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 163,950,000 | 35,080,000 | ' |
Retail 1-4 Family Mortgages [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | $217,751,000 | $31,467,000 | ' |
Recovered_Sheet1
Note 4 - Loans and Allowance for Loan Losses (Details) - Activity in Allowance for Loan Losses and the Recorded Investments in Loans (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Provision for loan losses | ($400,000) | ($1,700,000) | ($3,000,000) | ($4,700,000) | ' |
Total loans: | ' | ' | ' | ' | ' |
Loans | 2,068,265,000 | ' | 2,068,265,000 | ' | 1,053,243,000 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Allowance for loan losses | 19,107,000 | 22,382,000 | 20,455,000 | 26,043,000 | ' |
Allowance for loan losses: individually evaluated for impairment | 10,485,000 | 13,860,000 | 10,485,000 | 13,860,000 | ' |
Allowance for loan losses: collectively evaluated for impairment | 8,227,000 | 8,794,000 | 8,227,000 | 8,794,000 | ' |
Provision for loan losses | -473,000 | -1,730,000 | -2,251,000 | -4,375,000 | ' |
Charge-offs | -24,000 | 0 | -708,000 | -2,774,000 | ' |
Recoveries | 102,000 | 2,002,000 | 1,216,000 | 3,760,000 | ' |
Allowance for loan losses | 18,712,000 | 22,654,000 | 18,712,000 | 22,654,000 | ' |
Total loans: | ' | ' | ' | ' | ' |
Loans | 1,103,802,000 | 1,007,763,000 | 1,103,802,000 | 1,007,763,000 | 986,696,000 |
Loans: individually evaluated for impairment | 48,870,000 | 46,426,000 | 48,870,000 | 46,426,000 | ' |
Loans: collectively evaluated for impairment | 1,054,932,000 | 961,337,000 | 1,054,932,000 | 961,337,000 | ' |
Originated Loan [Member] | Retail Loan [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Allowance for loan losses | 1,774,000 | 2,559,000 | 2,358,000 | 2,645,000 | ' |
Allowance for loan losses: individually evaluated for impairment | 879,000 | 1,203,000 | 879,000 | 1,203,000 | ' |
Allowance for loan losses: collectively evaluated for impairment | 798,000 | 1,295,000 | 798,000 | 1,295,000 | ' |
Provision for loan losses | 63,000 | -7,000 | -726,000 | -379,000 | ' |
Charge-offs | -321,000 | -85,000 | -328,000 | -107,000 | ' |
Recoveries | 161,000 | 31,000 | 373,000 | 339,000 | ' |
Allowance for loan losses | 1,677,000 | 2,498,000 | 1,677,000 | 2,498,000 | ' |
Total loans: | ' | ' | ' | ' | ' |
Loans | 82,911,000 | 67,724,000 | 82,911,000 | 67,724,000 | 66,547,000 |
Loans: individually evaluated for impairment | 3,346,000 | 3,851,000 | 3,346,000 | 3,851,000 | ' |
Loans: collectively evaluated for impairment | 79,565,000 | 63,873,000 | 79,565,000 | 63,873,000 | ' |
Originated Loan [Member] | Unallocated Financing Receivables [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Allowance for loan losses | -25,000 | 6,000 | 8,000 | -11,000 | ' |
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | 0 | 0 | ' |
Allowance for loan losses: collectively evaluated for impairment | -15,000 | 43,000 | -15,000 | 43,000 | ' |
Provision for loan losses | 10,000 | 37,000 | -23,000 | 54,000 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Allowance for loan losses | -15,000 | 43,000 | -15,000 | 43,000 | ' |
Originated Loan [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' |
Allowance for loan losses | 20,856,000 | 24,947,000 | 22,821,000 | 28,677,000 | ' |
Allowance for loan losses: individually evaluated for impairment | 11,364,000 | 15,063,000 | 11,364,000 | 15,063,000 | ' |
Allowance for loan losses: collectively evaluated for impairment | 9,010,000 | 10,132,000 | 9,010,000 | 10,132,000 | ' |
Provision for loan losses | -400,000 | -1,700,000 | -3,000,000 | -4,700,000 | ' |
Charge-offs | -345,000 | -85,000 | -1,036,000 | -2,881,000 | ' |
Recoveries | 263,000 | 2,033,000 | 1,589,000 | 4,099,000 | ' |
Allowance for loan losses | 20,374,000 | 25,195,000 | 20,374,000 | 25,195,000 | ' |
Total loans: | ' | ' | ' | ' | ' |
Loans | 1,186,713,000 | 1,075,487,000 | 1,186,713,000 | 1,075,487,000 | 1,053,243,000 |
Loans: individually evaluated for impairment | 52,216,000 | 50,277,000 | 52,216,000 | 50,277,000 | ' |
Loans: collectively evaluated for impairment | 1,134,497,000 | 1,025,210,000 | 1,134,497,000 | 1,025,210,000 | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' |
Total loans: | ' | ' | ' | ' | ' |
Loans | 1,686,564,000 | ' | 1,686,564,000 | ' | 986,696,000 |
Retail Loan [Member] | ' | ' | ' | ' | ' |
Total loans: | ' | ' | ' | ' | ' |
Loans | $381,701,000 | ' | $381,701,000 | ' | $66,547,000 |
Recovered_Sheet2
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans Modified as Troubled Debt Restructurings (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 4 | ' | 6 | ' |
Loans modified, pre-modification recorded principal balance | $22,781,000 | ' | $23,923,000 | ' |
Loans modified, post-modification recorded principal balance | 22,881,000 | ' | 24,023,000 | ' |
Commercial and Industrial [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 2 | 1 | 2 | 2 |
Loans modified, pre-modification recorded principal balance | 5,994,000 | 553,000 | 5,994,000 | 613,000 |
Loans modified, post-modification recorded principal balance | 6,094,000 | 553,000 | 6,094,000 | 613,000 |
Commercial and Industrial [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 2 | ' | 2 | ' |
Loans modified, pre-modification recorded principal balance | 5,994,000 | ' | 5,994,000 | ' |
Loans modified, post-modification recorded principal balance | 6,094,000 | ' | 6,094,000 | ' |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | 0 | 0 | 2 |
Loans modified, pre-modification recorded principal balance | 0 | 0 | 0 | 3,247,000 |
Loans modified, post-modification recorded principal balance | 0 | 0 | 0 | 3,247,000 |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Commercial Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 2 | 0 | 3 | 3 |
Loans modified, pre-modification recorded principal balance | 16,787,000 | 0 | 17,783,000 | 909,000 |
Loans modified, post-modification recorded principal balance | 16,787,000 | 0 | 17,783,000 | 909,000 |
Commercial Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 2 | ' | 3 | ' |
Loans modified, pre-modification recorded principal balance | 16,787,000 | ' | 17,783,000 | ' |
Loans modified, post-modification recorded principal balance | 16,787,000 | ' | 17,783,000 | ' |
Commercial Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | 2 | 1 | 4 |
Loans modified, pre-modification recorded principal balance | 0 | 171,000 | 146,000 | 2,239,000 |
Loans modified, post-modification recorded principal balance | 0 | 171,000 | 146,000 | 2,239,000 |
Commercial Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 1 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 146,000 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 146,000 | ' |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | 2 | 0 | 2 |
Loans modified, pre-modification recorded principal balance | 0 | 346,000 | 0 | 346,000 |
Loans modified, post-modification recorded principal balance | 0 | 346,000 | 0 | 346,000 |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 4 | 5 | 6 | 13 |
Loans modified, pre-modification recorded principal balance | 22,781,000 | 1,070,000 | 23,923,000 | 7,354,000 |
Loans modified, post-modification recorded principal balance | 22,881,000 | 1,070,000 | 24,023,000 | 7,354,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 4 | ' | 6 | ' |
Loans modified, pre-modification recorded principal balance | 22,781,000 | ' | 23,923,000 | ' |
Loans modified, post-modification recorded principal balance | 22,881,000 | ' | 24,023,000 | ' |
Retail Home Equity and Other [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, pre-modification recorded principal balance | 0 | 0 | 0 | 0 |
Loans modified, post-modification recorded principal balance | 0 | 0 | 0 | 0 |
Retail Home Equity and Other [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Retail Home Equity and Other [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Retail 1-4 Family Mortgages [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | 0 | 0 | 1 |
Loans modified, pre-modification recorded principal balance | 0 | 0 | 0 | 1,879,000 |
Loans modified, post-modification recorded principal balance | 0 | 0 | 0 | 1,879,000 |
Retail 1-4 Family Mortgages [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Retail 1-4 Family Mortgages [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Retail Loan [Member] | Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | 0 | 0 | 1 |
Loans modified, pre-modification recorded principal balance | 0 | 0 | 0 | 1,879,000 |
Loans modified, post-modification recorded principal balance | 0 | 0 | 0 | 1,879,000 |
Retail Loan [Member] | Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Retail Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | 0 | ' | 0 | ' |
Originated Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 4 | 5 | 6 | 14 |
Loans modified, pre-modification recorded principal balance | 22,781,000 | 1,070,000 | 23,923,000 | 9,233,000 |
Loans modified, post-modification recorded principal balance | 22,881,000 | 1,070,000 | 24,023,000 | 9,233,000 |
Acquired Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, number of contracts | 0 | ' | 0 | ' |
Loans modified, pre-modification recorded principal balance | 0 | ' | 0 | ' |
Loans modified, post-modification recorded principal balance | $0 | ' | $0 | ' |
Recovered_Sheet3
Note 4 - 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 | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | $0 | $0 | $0 | $0 |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | 0 | 0 | 0 | 0 |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | 0 | 0 | 0 | 0 |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | 0 | 0 | 0 | 0 |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | 0 | 0 | 0 | 0 |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | 0 | 0 | 0 | 0 |
Retail Home Equity and Other [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | 0 | 0 | 0 | 0 |
Retail 1-4 Family Mortgages [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | 0 | 0 | 0 | 0 |
Retail Loan [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Loans modified, over 30 days past due, number of contracts | 0 | 0 | 0 | 0 |
Loans modified, over 30 days past due, recorded principal balance | $0 | $0 | $0 | $0 |
Recovered_Sheet4
Note 4 - Loans and Allowance for Loan Losses (Details) - Activity for Troubled Debt Restructurings (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Commercial Loan Portfolio: | ' | ' | ' | ' |
Beginning Balance | $1,176,000 | $2,266,000 | $1,656,000 | $2,721,000 |
Ending Balance | 7,265,000 | 2,408,000 | 7,265,000 | 2,408,000 |
Charge-Offs | 0 | 0 | -67,000 | -35,000 |
Payments | -205,000 | -324,000 | -632,000 | -1,902,000 |
Transfers to ORE | -21,000 | 0 | -21,000 | -74,000 |
Net Additions/Deletions | 6,315,000 | 466,000 | 6,329,000 | 1,698,000 |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' | ' | ' |
Commercial Loan Portfolio: | ' | ' | ' | ' |
Beginning Balance | 3,786,000 | 5,440,000 | 4,501,000 | 3,071,000 |
Ending Balance | 3,499,000 | 5,137,000 | 3,499,000 | 5,137,000 |
Charge-Offs | 0 | 0 | 0 | -725,000 |
Payments | -287,000 | -303,000 | -3,901,000 | -456,000 |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 2,899,000 | 3,247,000 |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' | ' | ' |
Commercial Loan Portfolio: | ' | ' | ' | ' |
Beginning Balance | 2,711,000 | 3,580,000 | 1,816,000 | 4,116,000 |
Ending Balance | 19,368,000 | 2,657,000 | 19,368,000 | 2,657,000 |
Charge-Offs | 0 | 0 | -11,000 | -70,000 |
Payments | -91,000 | -271,000 | -181,000 | -1,310,000 |
Transfers to ORE | 0 | 0 | 0 | -363,000 |
Net Additions/Deletions | 16,748,000 | -652,000 | 17,744,000 | 284,000 |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' | ' | ' |
Commercial Loan Portfolio: | ' | ' | ' | ' |
Beginning Balance | 18,664,000 | 34,424,000 | 22,311,000 | 37,672,000 |
Ending Balance | 18,009,000 | 32,452,000 | 18,009,000 | 32,452,000 |
Charge-Offs | 0 | 0 | 0 | -716,000 |
Payments | -655,000 | -1,690,000 | -4,621,000 | -5,475,000 |
Transfers to ORE | 0 | -350,000 | 0 | -1,153,000 |
Net Additions/Deletions | 0 | 68,000 | 319,000 | 2,124,000 |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' | ' | ' |
Commercial Loan Portfolio: | ' | ' | ' | ' |
Beginning Balance | 719,000 | 2,775,000 | 2,620,000 | 3,026,000 |
Ending Balance | 589,000 | 2,823,000 | 589,000 | 2,823,000 |
Charge-Offs | 0 | 0 | -420,000 | -15,000 |
Payments | -130,000 | -295,000 | -1,611,000 | -530,000 |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 343,000 | 0 | 342,000 |
Retail Home Equity and Other [Member] | ' | ' | ' | ' |
Commercial Loan Portfolio: | ' | ' | ' | ' |
Beginning Balance | 0 | 2,029,000 | 0 | 155,000 |
Ending Balance | 0 | 2,013,000 | 0 | 2,013,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | 0 | -16,000 | 0 | -21,000 |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 1,879,000 |
Retail 1-4 Family Mortgages [Member] | ' | ' | ' | ' |
Commercial Loan Portfolio: | ' | ' | ' | ' |
Beginning Balance | 2,077,000 | 0 | 2,191,000 | 0 |
Ending Balance | 2,026,000 | 0 | 2,026,000 | 0 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | -51,000 | 0 | -165,000 | 0 |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | $0 | $0 | $0 | $0 |
Recovered_Sheet5
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance Related to Troubled Debt Restructurings (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | $11,233,000 | $10,351,000 |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | 514,000 | 187,000 |
Commercial Vacant Land and Land Development and Residential Construction Loan [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | 1,672,000 | 798,000 |
Commercial Real Estate Owner Occupied Loan [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | 1,419,000 | 528,000 |
Commercial Real Estate Non Owner Occupied Loan [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | 1,773,000 | 7,828,000 |
Commercial Real Estate Multi Family and Residential Rental Loan [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | 5,855,000 | 1,010,000 |
Commercial Portfolio Segment [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | 11,233,000 | 10,351,000 |
Retail Home Equity and Other [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | 0 | 0 |
Retail 1-4 Family Mortgages [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | 0 | 0 |
Retail Loan [Member] | ' | ' |
Commercial: | ' | ' |
Allowance for losses, troubled debt restructurings | $0 | $0 |
Note_5_Premises_and_Equipment_2
Note 5 - Premises and Equipment, Net (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' |
Depreciation | $0.70 | $0.30 | $1.50 | $1 |
Note_5_Premises_and_Equipment_3
Note 5 - Premises and Equipment, Net (Details) - Summary of Premises and Equipment (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | $70,896,000 | $46,007,000 |
Less: accumulated depreciation | 22,326,000 | 21,109,000 |
Premises and equipment, net | 48,570,000 | 24,898,000 |
Land, Buildings and Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | 55,286,000 | 33,289,000 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | $15,610,000 | $12,718,000 |
Note_6_Deposits_Details
Note 6 - Deposits (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' | ' |
Deposits | $2,271,708,000 | $1,118,911,000 |
Increase (Decrease) in Deposits | $1,150,000,000 | ' |
Percentage of Increase in Aggregate Deposits | 103.00% | ' |
Note_6_Deposits_Details_Summar
Note 6 - Deposits (Details) - Summary of Deposits (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Dec. 31, 2013 | |
Summary of Deposits [Abstract] | ' | ' |
Noninterest-bearing checking (in Dollars) | $535,101,000 | $224,580,000 |
Noninterest-bearing checking | 23.50% | 20.10% |
Noninterest-bearing checking | 138.30% | ' |
Interest-bearing checking (in Dollars) | 403,600,000 | 197,388,000 |
Interest-bearing checking | 17.80% | 17.60% |
Interest-bearing checking | 104.50% | ' |
Money market (in Dollars) | 241,365,000 | 133,369,000 |
Money market | 10.60% | 11.90% |
Money market | 81.00% | ' |
Savings (in Dollars) | 334,343,000 | 52,606,000 |
Savings | 14.70% | 4.70% |
Savings | 535.60% | ' |
Time, under $100,000 (in Dollars) | 188,174,000 | 43,251,000 |
Time, under $100,000 | 8.30% | 3.90% |
Time, under $100,000 | 335.10% | ' |
Time, $100,000 and over (in Dollars) | 385,830,000 | 254,600,000 |
Time, $100,000 and over | 17.00% | 22.80% |
Time, $100,000 and over | 51.50% | ' |
(in Dollars) | 2,088,413,000 | 905,794,000 |
91.90% | 81.00% | |
130.60% | ' | |
Out-of-area time, under $100,000 (in Dollars) | 2,805,000 | 4,078,000 |
Out-of-area time, under $100,000 | 0.10% | 0.40% |
Out-of-area time, under $100,000 | -31.20% | ' |
Out-of-area time, $100,000 and over (in Dollars) | 180,490,000 | 209,039,000 |
Out-of-area time, $100,000 and over | 8.00% | 18.60% |
Out-of-area time, $100,000 and over | -13.70% | ' |
(in Dollars) | 183,295,000 | 213,117,000 |
8.10% | 19.00% | |
-14.00% | ' | |
Total deposits (in Dollars) | $2,271,708,000 | $1,118,911,000 |
Total deposits | 100.00% | 100.00% |
Total deposits | 103.00% | ' |
Note_7_Securities_Sold_Under_A2
Note 7 - Securities Sold Under Agreements to Repurchase (Details) (Maximum [Member]) | 9 Months Ended |
Sep. 30, 2014 | |
Maximum [Member] | ' |
Note 7 - Securities Sold Under Agreements to Repurchase (Details) [Line Items] | ' |
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | '1 year |
Note_7_Securities_Sold_Under_A3
Note 7 - Securities Sold Under Agreements to Repurchase (Details) - Securities Sold Under Agreement To Repurchase (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | |
Securities Sold Under Agreement To Repurchase [Abstract] | ' | ' |
Outstanding balance at end of period | $142,869,000 | $69,305,000 |
Average interest rate at end of period | 0.10% | 0.12% |
Average daily balance during the period | 93,855,000 | 65,939,000 |
Average interest rate during the period | 0.12% | 0.12% |
Maximum daily balance during the period | $148,700,000 | $78,960,000 |
Note_8_Federal_Home_Loan_Bank_2
Note 8 - Federal Home Loan Bank Advances (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 |
Firstbank Corporation [Member] | |||
Note 8 - Federal Home Loan Bank Advances (Details) [Line Items] | ' | ' | ' |
Long-term Federal Home Loan Bank Advances (in Dollars) | $57,033,000 | $45,000,000 | ' |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate, Range from | 0.41% | 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 | 1.21% | 1.34% | ' |
Increase in Federal Home Loan Bank Advances (in Dollars) | ' | ' | 12,000,000 |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | 570,000,000 | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars) | $511,000,000 | ' | ' |
Note_8_Federal_Home_Loan_Bank_3
Note 8 - Federal Home Loan Bank Advances (Details) - Maturities of Currently Outstanding FHLB Advances (USD $) | Sep. 30, 2014 |
Maturities of Currently Outstanding FHLB Advances [Abstract] | ' |
2014 | $3,000,000 |
2015 | 6,000,000 |
2016 | 3,033,000 |
2017 | 45,000,000 |
2018 | $0 |
Note_9_Commitments_and_OffBala2
Note 9 - Commitments and Off-Balance Sheet Risk (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 |
Interest Rate Swap [Member] | Minimum [Member] | Maximum [Member] | |||
Note 9 - 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 | ' | ' | 17,000,000 | ' | ' |
Derivative, Fair Value, Net | ($2,400,000) | ' | ' | ' | ' |
Fees Accreted Into Income During Interest Rate Swap Agreements Term | ' | ' | ' | '4 years | '15 years |
Note_9_Commitments_and_OffBala3
Note 9 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Note 9 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | $800,387,000 | $374,543,000 |
Unused lines of Credit [Member] | Commercial Portfolio Segment [Member] | ' | ' |
Note 9 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 553,734,000 | 257,937,000 |
Unused lines of Credit [Member] | Retail 1-4 Family Mortgages [Member] | ' | ' |
Note 9 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 59,991,000 | 23,429,000 |
Unused lines of Credit [Member] | Consumer Credit Card Financing Receivable [Member] | ' | ' |
Note 9 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 11,303,000 | 9,013,000 |
Unused lines of Credit [Member] | Consumer Other Financing Receivable [Member] | ' | ' |
Note 9 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 9,681,000 | 5,695,000 |
Loan Origination Commitments [Member] | ' | ' |
Note 9 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | 128,196,000 | 58,799,000 |
Standby Letters of Credit [Member] | ' | ' |
Note 9 - Commitments and Off-Balance Sheet Risk (Details) - Exposure to Credit Losses [Line Items] | ' | ' |
Contractual amounts of financial instruments with off-balance sheet risk | $37,482,000 | $19,670,000 |
Note_10_Hedging_Activities_Det
Note 10 - Hedging Activities (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Feb. 29, 2012 | Feb. 29, 2012 |
Junior Subordinated Debt [Member] | ||||
London Interbank Offered Rate (LIBOR) [Member] | ||||
Note 10 - Hedging Activities (Details) [Line Items] | ' | ' | ' | ' |
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | $54,301,000 | $32,990,000 | $32,000,000 | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | 2.18% |
Derivative, Notional Amount | ' | ' | ' | 32,000,000 |
Fair Value of Interest Rate Swap Agreement Liability | $100,000 | $300,000 | ' | ' |
Note_11_Fair_Values_of_Financi2
Note 11 - Fair Values of Financial Instruments (Details) - Fair Value Hierarchy of Financial Instruments (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
Financial assets: | ' | ' | ||
Securities available for sale | $454,009,000 | [1] | $131,178,000 | [1] |
FHLB stock | 19,226,000 | [2] | 11,961,000 | [2] |
FHLB stock | 19,226,000 | [2] | 11,961,000 | [2] |
Bank owned life insurance | 55,992,000 | 51,377,000 | ||
Financial liabilities: | ' | ' | ||
Deposits | 2,271,708,000 | 1,118,911,000 | ||
Repurchase agreements | 142,869,000 | 69,305,000 | ||
Accrued interest payable | 16,200,000 | 7,435,000 | ||
Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Cash | 14,296,000 | 1,464,000 | ||
Cash | 14,296,000 | 1,464,000 | ||
Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Cash equivalents | 117,956,000 | 145,501,000 | ||
Cash equivalents | 117,956,000 | 145,501,000 | ||
Bank owned life insurance | 55,992,000 | 51,377,000 | ||
Bank owned life insurance | 55,992,000 | 51,377,000 | ||
Accrued interest receivable | 8,292,000 | 3,649,000 | ||
Accrued interest receivable | 8,292,000 | 3,649,000 | ||
Financial liabilities: | ' | ' | ||
Deposits | 2,271,708,000 | 1,118,911,000 | ||
Deposits | 2,258,113,000 | 1,120,576,000 | ||
Repurchase agreements | 142,869,000 | 69,305,000 | ||
Repurchase agreements | 142,869,000 | 69,305,000 | ||
FHLB advances | 57,033,000 | 45,000,000 | ||
FHLB advances | 57,418,000 | 45,139,000 | ||
Subordinated debentures | 54,301,000 | 32,990,000 | ||
Subordinated debentures | 54,301,000 | 32,974,000 | ||
Accrued interest payable | 1,832,000 | 2,041,000 | ||
Accrued interest payable | 1,832,000 | 2,041,000 | ||
Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Financial assets: | ' | ' | ||
Loans, net | 2,047,891,000 | 1,030,422,000 | ||
Loans, net | 2,042,291,000 | 1,027,300,000 | ||
Interest Rate Swap [Member] | ' | ' | ||
Financial liabilities: | ' | ' | ||
Interest rate swap | 135,000 | [1] | 264,000 | [1] |
Interest rate swap | $135,000 | [1] | $264,000 | [1] |
[1] | See Note 12 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_12_Fair_Values_Details
Note 12 - Fair Values (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Disclosure Text Block [Abstract] | ' | ' |
Disposal Group, Including Discontinued Operation, Mortgage Loans | $2.10 | $1.10 |
Note_12_Fair_Values_Details_As
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | $454,009,000 | [1] | $131,178,000 | [1] |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 204,477,000 | 98,477,000 | ||
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 204,477,000 | 98,477,000 | ||
US Government Agencies Debt Securities [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 204,477,000 | 98,477,000 | ||
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 0 | 0 | ||
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 100,258,000 | 13,558,000 | ||
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 0 | 0 | ||
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 100,258,000 | 13,558,000 | ||
Collateralized Mortgage Backed Securities [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 100,258,000 | 13,558,000 | ||
Municipal General Obligation Bonds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 125,889,000 | 16,872,000 | ||
Municipal General Obligation Bonds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 10,361,000 | 0 | ||
Municipal General Obligation Bonds [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 136,250,000 | 16,872,000 | ||
Municipal General Obligation Bonds [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 136,250,000 | 16,872,000 | ||
Municipal Revenue Bonds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 11,117,000 | 916,000 | ||
Municipal Revenue Bonds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 11,117,000 | 916,000 | ||
Municipal Revenue Bonds [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 11,117,000 | 916,000 | ||
Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 0 | 0 | ||
Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 1,907,000 | 1,355,000 | ||
Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 0 | 0 | ||
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 1,907,000 | 1,355,000 | ||
Other Debt Obligations [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Available for sale securities | 1,907,000 | ' | ||
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Derivative | 0 | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Derivative | -135,000 | -264,000 | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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 | 443,513,000 | 130,914,000 | ||
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Derivative | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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 | 10,361,000 | 0 | ||
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis [Line Items] | ' | ' | ||
Derivative | -135,000 | -264,000 | ||
Fair Value, Measurements, Recurring [Member] | ' | ' | ||
Note 12 - 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 | $453,874,000 | $130,914,000 | ||
[1] | See Note 12 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. |
Note_12_Fair_Values_Details_As1
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Fair Value, Measurements, Nonrecurring [Member], USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | $39,444,000 | [1] | $23,405,000 | [1] |
Foreclosed assets | 2,659,000 | [1] | 2,851,000 | [1] |
Assets and liabilities measured at fair value on a nonrecurring basis | 42,103,000 | 26,256,000 | ||
Fair Value, Inputs, Level 1 [Member] | ' | ' | ||
Note 12 - 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] |
Assets and liabilities measured at fair value on a nonrecurring basis | 0 | 0 | ||
Fair Value, Inputs, Level 2 [Member] | ' | ' | ||
Note 12 - 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] |
Assets and liabilities measured at fair value on a nonrecurring basis | 0 | 0 | ||
Fair Value, Inputs, Level 3 [Member] | ' | ' | ||
Note 12 - Fair Values (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | 39,444,000 | [1] | 23,405,000 | [1] |
Foreclosed assets | 2,659,000 | [1] | 2,851,000 | [1] |
Assets and liabilities measured at fair value on a nonrecurring basis | $42,103,000 | $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_13_Regulatory_Matters_Det
Note 13 - Regulatory Matters (Details) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | |||||||
Sep. 24, 2014 | Jun. 25, 2014 | 29-May-14 | Mar. 10, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2009 | Oct. 16, 2014 | |
Subsequent Event [Member] | |||||||||||
Note 13 - Regulatory Matters (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trust Preferred Securities Included in Tier One Capital (in Dollars) | ' | ' | ' | ' | $52,200,000 | ' | $52,200,000 | ' | $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 (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $15,000,000,000 | ' |
Common Stock, Dividends, Per Share, Cash Paid | $0.12 | $0.12 | $2 | $0.12 | $0.12 | $0.12 | $2.36 | $0.33 | ' | ' | ' |
Common Stock, Dividends, Per Share, Declared | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.12 |
Note_13_Regulatory_Matters_Det1
Note 13 - Regulatory Matters (Details) - Actual Capital Levels and Minimum Levels (USD $) | Sep. 30, 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 | $327,936 | $193,925 |
Total capital (to risk weighted assets), actual ratio | 14.00% | 15.90% |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes amount | 186,848 | 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 | 307,562 | 178,598 |
Tier 1 capital (to risk weighted assets), actual ratio | 13.20% | 14.70% |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes amount | 93,424 | 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 | 307,562 | 178,598 |
Tier 1 capital (to average assets), actual ratio | 11.00% | 12.50% |
Tier 1 capital (to average assets), minimum required for capital adequacy purposes amount | 111,775 | 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 | 325,909 | 190,493 |
Total capital (to risk weighted assets), actual ratio | 14.00% | 15.70% |
Total capital (to risk weighted assets), minimum required for capital adequacy purposes amount | 186,608 | 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 | 233,259 | 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 | 305,535 | 175,192 |
Tier 1 capital (to risk weighted assets), actual ratio | 13.10% | 14.40% |
Tier 1 capital (to risk weighted assets), minimum required for capital adequacy purposes amount | 93,304 | 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 | 139,956 | 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 | 305,535 | 175,192 |
Tier 1 capital (to average assets), actual ratio | 10.90% | 12.30% |
Tier 1 capital (to average assets), minimum required for capital adequacy purposes amount | 111,764 | 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 | $139,704 | $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% |